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Global Strategist Portfolio
mutual fund
MSSOX
Payout Change
Pending
Price as of:
$17.51
-0.05
-0.28%
primary theme
N/A
share class
MSSOX (Mutual Fund)
Global Strategist Portfolio
Payout Change
Pending
Price as of:
$17.51
-0.05
-0.28%
primary theme
N/A
share class
MSSOX (Mutual Fund)
Global Strategist Portfolio
Payout Change
Pending
Price as of:
$17.51
-0.05
-0.28%
primary theme
N/A
share class
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.9%
1 yr return
14.1%
3 Yr Avg Return
0.9%
5 Yr Avg Return
4.4%
Net Assets
$558 M
Holdings in Top 10
29.4%
52 WEEK LOW AND HIGH
$17.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.97%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 115.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MSSOX - Profile
Distributions
- YTD Total Return 9.9%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 4.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.11%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGlobal Strategist Portfolio
-
Fund Family NameMorgan Stanley Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Bavoso
Fund Description
The Adviser and/or the Fund’s “Sub-Adviser,” Morgan Stanley Investment Management Limited, seek to achieve the Fund’s investment objective by investing primarily in a blend of equity and fixed-income securities of U.S. and non-U.S. issuers. Equity securities may include common and preferred stocks, depositary receipts, convertible securities, equity-linked securities, real estate investment trusts (“REITs”), rights and warrants to purchase equity securities and limited partnership interests. Fixed-income securities may include mortgage-related or mortgage-backed securities, floating rate securities, inflation-linked fixed-income securities, securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities, securities issued or guaranteed by non-U.S. governments, their agencies or instrumentalities, corporate bonds and notes issued by U.S. and non-U.S. entities.
The Adviser and/or Sub-Adviser will utilize a top-down investment approach that focuses on asset class, sector, region, country and currency and thematic allocations. The Fund’s allocations will be based upon the Adviser’s and/or Sub-Adviser’s evaluations and analyses, taking into account results of its fundamental market research and recommendations generated by the Adviser’s and/or Sub-Adviser’s quantitative models. The Adviser’s and/or Sub-Adviser’s research process focuses on the following factors across asset classes: 1) valuation (both relative and absolute), 2) dynamics, including earnings revisions, interest rate policy and inflation expectations and 3) technicals, such as investor flows and sentiment. The Fund may invest in any country, including developing or emerging market countries. The Fund’s investments may be U.S. and non-U.S. dollar denominated. In determining whether to sell a security, the Adviser and/or Sub-Adviser consider a number of factors, including changes in capital appreciation potential, or the overall assessment of asset class, sector, region, country, and currency and thematic allocation shifts.
The Fund may invest a portion of its assets in below investment grade fixed-income securities (commonly referred to as “junk bonds”). The Fund may also invest in restricted and illiquid securities. The mortgage-backed securities in which the Fund may invest
include mortgage pass-through securities that represent a participation interest in a pool of mortgage loans originated by U.S. governmental or private lenders such as banks.
The Fund may also invest up to 10% of its total assets in other investment companies, including exchange-traded funds (“ETFs”).
The Fund may, but it is not required to, use derivatives and similar instruments for a variety of purposes, including hedging, risk management, Fund management or to earn income. The Fund’s use of derivatives may involve the purchase and sale of derivative instruments such as futures, options, swaps and structured investments (including commodity-linked notes), and other similar instruments and techniques. The Fund may utilize foreign currency forward exchange contracts, which are also derivatives, in connection with its investments in foreign securities. Derivative instruments used by the Fund will be counted toward the Fund’s exposure to the types of securities listed above to the extent they have economic characteristics similar to such securities.
The Fund may, consistent with its principal investment strategies, invest up to 25% of its total assets in a wholly-owned subsidiary of the Fund organized as a company under the laws of the Cayman Islands (the “Subsidiary”). The Subsidiary may invest, directly or indirectly through the use of derivatives, in securities, commodities, commodity-related instruments and other investments, primarily futures, swaps and notes. The Subsidiary is advised by the Adviser.
Investments in the Subsidiary are intended to provide the Fund with exposure to commodities markets within the limitations of the federal tax requirements that apply to the Fund. The Subsidiary primarily obtains its commodity exposure by investing in commodity-linked derivative instruments, which may include, but are not limited to, total return swaps, commodity (U.S. or foreign) futures and commodity-linked notes. The Subsidiary may also invest in other instruments, including fixed-income securities, either as investments or to serve as margin or collateral for its swap positions and foreign currency transactions (including forward contracts).
MSSOX - Performance
Return Ranking - Trailing
| Period | MSSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.9% | -23.7% | 16.4% | 68.03% |
| 1 Yr | 14.1% | -8.9% | 48.3% | 80.47% |
| 3 Yr | 0.9%* | -2.2% | 16.4% | 66.15% |
| 5 Yr | 4.4%* | -0.7% | 13.4% | 64.02% |
| 10 Yr | N/A* | 0.9% | 11.8% | 69.08% |
* Annualized
Return Ranking - Calendar
| Period | MSSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.1% | -40.8% | 20.6% | 73.39% |
| 2022 | -17.9% | -21.0% | 24.5% | 20.27% |
| 2021 | -0.1% | -24.2% | 27.8% | 26.40% |
| 2020 | 9.8% | -23.1% | 11.7% | 93.28% |
| 2019 | 14.8% | -100.0% | 20.6% | 54.50% |
Total Return Ranking - Trailing
| Period | MSSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.9% | -23.7% | 16.4% | 66.95% |
| 1 Yr | 14.1% | -12.8% | 48.3% | 75.00% |
| 3 Yr | 0.9%* | -3.4% | 16.4% | 59.83% |
| 5 Yr | 4.4%* | -1.1% | 13.4% | 58.58% |
| 10 Yr | N/A* | 0.9% | 11.8% | 65.75% |
* Annualized
Total Return Ranking - Calendar
| Period | MSSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.1% | -40.8% | 20.6% | 73.39% |
| 2022 | -17.6% | -21.0% | 24.5% | 20.27% |
| 2021 | 7.5% | -24.2% | 27.8% | 26.40% |
| 2020 | 10.3% | -23.1% | 11.7% | 95.78% |
| 2019 | 16.7% | -2.9% | 23.1% | 31.88% |
NAV & Total Return History
MSSOX - Holdings
Concentration Analysis
| MSSOX | Category Low | Category High | MSSOX % Rank | |
|---|---|---|---|---|
| Net Assets | 558 M | 1.12 M | 110 B | 47.52% |
| Number of Holdings | 1746 | 2 | 10961 | 6.68% |
| Net Assets in Top 10 | 178 M | -31.7 M | 22 B | 100.00% |
| Weighting of Top 10 | 29.39% | 10.8% | 100.0% | 13.71% |
Top 10 Holdings
- Morgan Stanley Institutional Liquidity Funds - Government Portfolio 16.94%
- Apple Inc 1.73%
- NVIDIA Corp 1.63%
- Microsoft Corp 1.55%
- U.S. Treasury Inflation-Indexed Notes 1.54%
- U.S. Treasury Bills 1.52%
- Brazil Notas do Tesouro Nacional Serie F 1.19%
- Republic of South Africa Government Bond 1.10%
- U.S. Treasury Notes 1.10%
- U.S. Treasury Bills 1.09%
Asset Allocation
| Weighting | Return Low | Return High | MSSOX % Rank | |
|---|---|---|---|---|
| Stocks | 40.54% | -45.72% | 98.42% | 92.90% |
| Bonds | 40.34% | -39.76% | 93.84% | 20.88% |
| Cash | 18.68% | -97.12% | 185.58% | 24.22% |
| Other | 1.23% | -1.25% | 197.12% | 5.64% |
| Convertible Bonds | 0.75% | 0.00% | 25.49% | 24.63% |
| Preferred Stocks | 0.05% | -0.03% | 14.00% | 87.06% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MSSOX % Rank | |
|---|---|---|---|---|
| Financial Services | 18.25% | 0.00% | 30.34% | 53.29% |
| Technology | 16.45% | 0.00% | 39.48% | 44.80% |
| Consumer Cyclical | 14.55% | 0.00% | 20.84% | 5.73% |
| Healthcare | 11.87% | 0.00% | 30.30% | 50.53% |
| Industrials | 9.03% | 0.09% | 32.39% | 31.21% |
| Consumer Defense | 7.20% | 0.00% | 31.85% | 39.07% |
| Communication Services | 6.68% | 0.00% | 28.59% | 52.87% |
| Energy | 5.74% | 0.00% | 38.61% | 29.72% |
| Basic Materials | 4.89% | 0.00% | 60.23% | 73.46% |
| Utilities | 2.87% | 0.00% | 40.29% | 52.44% |
| Real Estate | 2.47% | 0.00% | 90.14% | 71.55% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MSSOX % Rank | |
|---|---|---|---|---|
| US | 25.95% | -4.82% | 95.75% | 91.65% |
| Non US | 14.59% | -46.69% | 57.06% | 87.68% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MSSOX % Rank | |
|---|---|---|---|---|
| Government | 63.84% | 0.00% | 98.64% | 6.68% |
| Cash & Equivalents | 18.68% | 0.10% | 100.00% | 57.83% |
| Corporate | 12.82% | 0.00% | 99.90% | 66.81% |
| Securitized | 6.08% | 0.00% | 83.28% | 45.72% |
| Derivative | 0.78% | 0.00% | 41.88% | 78.08% |
| Municipal | 0.13% | 0.00% | 31.28% | 71.19% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MSSOX % Rank | |
|---|---|---|---|---|
| Non US | 21.14% | -39.00% | 137.36% | 2.92% |
| US | 19.20% | -177.12% | 87.76% | 99.58% |
MSSOX - Expenses
Operational Fees
| MSSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.97% | 0.16% | 2.71% | 14.41% |
| Management Fee | 0.45% | 0.00% | 1.70% | 32.33% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 87.25% |
| Administrative Fee | 0.08% | 0.01% | 0.70% | 40.00% |
Sales Fees
| MSSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.50% | 63.41% |
Trading Fees
| MSSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MSSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 115.00% | 0.00% | 441.00% | 82.06% |
MSSOX - Distributions
Dividend Yield Analysis
| MSSOX | Category Low | Category High | MSSOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 10.92% | 69.23% |
Dividend Distribution Analysis
| MSSOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| MSSOX | Category Low | Category High | MSSOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.11% | -5.20% | 6.33% | 94.55% |
Capital Gain Distribution Analysis
| MSSOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2022 | $0.053 | OrdinaryDividend |
| Dec 13, 2021 | $1.289 | OrdinaryDividend |
| Dec 11, 2020 | $0.066 | OrdinaryDividend |
| Dec 11, 2019 | $0.187 | CapitalGainShortTerm |
| Dec 11, 2019 | $0.063 | CapitalGainLongTerm |
| Dec 11, 2018 | $1.456 | CapitalGainLongTerm |
| Dec 11, 2018 | $0.431 | OrdinaryDividend |
| Dec 11, 2017 | $0.016 | CapitalGainShortTerm |
| Dec 11, 2017 | $0.881 | CapitalGainLongTerm |
| Dec 11, 2017 | $0.013 | OrdinaryDividend |
| Dec 16, 2015 | $0.016 | CapitalGainLongTerm |
MSSOX - Fund Manager Analysis
Managers
Mark Bavoso
Start Date
Tenure
Tenure Rank
Jan 31, 2011
11.34
11.3%
Mark Bavoso is a senior portfolio manager on the Global Multi-Asset team. He joined Morgan Stanley in 1986 and has been with financial industry since 1983. Previously, he was a senior vice president and portfolio manager at Dean Witter InterCapital and a vice president in the equity marketing and research departments of Dean Witter Reynolds. Prior to joining the firm, he was a vice president and equity research analyst at Sutro & Co. Mark received a BA in both history and political science from the University of California, Davis. Mark is also a member of the Economic Club of New York.
Cyril Moullé-Berteaux
Start Date
Tenure
Tenure Rank
Aug 01, 2011
10.84
10.8%
Cyril Moullé-Berteaux, Managing Director. Cyril Moullé-Berteaux is head of the GMA team at MSIM. He re-joined the firm in 2011 and has been with financial industry since 1991. Before returning to Morgan Stanley, Cyril was a founding partner and portfolio manager at Traxis Partners, a macro hedge fund firm. At Traxis Partners, Cyril managed absolute-return portfolios and was responsible for running the firm’s fundamental and quantitative research effort. Prior to co-founding Traxis Partners, in 2003, he was a managing director at MSIM, running Asset Allocation Research and heading the Global Asset Allocation team. Previously, from 1991 to 1995, Cyril worked at Bankers Trust as a corporate finance analyst and as a derivatives trader in the emerging markets group. He received a BA in economics from Harvard University.
Sergei Parmenov
Start Date
Tenure
Tenure Rank
Jan 28, 2020
2.34
2.3%
Sergei Parmenov, Managing Director. Sergei Parmenov rejoined MSIM in 2011 in the Global Multi-Asset team and has been with financial industry since1996. Before returning to Morgan Stanley, Sergei was a founder and manager of Lyncean Capital Management. Between 2003 and 2008, Sergei was an analyst and a portfolio manager at Traxis Partners. From 2002 to 2003, Sergei was an analyst at J. Rothschild Capital Management in London. Prior to this, he was a Vice President in the private equity department of Deutsche Bank and from 1999 to 2001, Sergei was an Associate and subsequently Vice President at Whitney & Co, focusing on European private equity investments. Sergei started his career in MSIM in 1996. He received a BA in economics from Columbia University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 30.27 | 6.52 | 9.25 |
