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Trending ETFs

U.S. REAL ESTATE PORTFOLIO

mutual fund
MSURX
Payout Change
Pending
Price as of:
$9.59 +0.0 +0.0%
primary theme
N/A
share class
L (MSULX) C (MSURX) I (MRETX) A (MUSDX) I (MSUSX) R6 (MURSX)
MSURX (Mutual Fund)

U.S. REAL ESTATE PORTFOLIO

Payout Change
Pending
Price as of:
$9.59 +0.0 +0.0%
primary theme
N/A
share class
L (MSULX) C (MSURX) I (MRETX) A (MUSDX) I (MSUSX) R6 (MURSX)
MSURX (Mutual Fund)

U.S. REAL ESTATE PORTFOLIO

Payout Change
Pending
Price as of:
$9.59 +0.0 +0.0%
primary theme
N/A
share class
L (MSULX) C (MSURX) I (MRETX) A (MUSDX) I (MSUSX) R6 (MURSX)

Name

As of 10/31/2024

Price

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

U.S. REAL ESTATE PORTFOLIO

MSURX | Fund

$9.59

$28.3 M

1.22%

$0.12

4.65%

Vitals

YTD Return

15.8%

1 yr return

35.6%

3 Yr Avg Return

0.6%

5 Yr Avg Return

1.4%

Net Assets

$28.3 M

Holdings in Top 10

57.9%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 4.65%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 132.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/31/2024

Price

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

U.S. REAL ESTATE PORTFOLIO

MSURX | Fund

$9.59

$28.3 M

1.22%

$0.12

4.65%

MSURX - Profile

Distributions

  • YTD Total Return 15.8%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -0.54%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    U.S. REAL ESTATE PORTFOLIO
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    May 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Laurel Durkay

Fund Description

The Adviser seeks a combination of above-average current income and long-term capital appreciation by investing primarily in equity securities of companies in the U.S. real estate industry, including REITs. The Fund focuses on REITs as well as real estate operating companies (“REOCs”) that invest in a variety of property types and regions.
Under normal circumstances, at least 80% of the Fund’s assets will be invested in equity securities of companies in the U.S. real estate industry. This policy may be changed without shareholder approval; however, you would be notified upon 60 days’ notice in writing of any changes.
The Adviser actively manages the Fund using a combination of bottom-up and top-down methodologies. The Adviser’s proprietary models drive the bottom-up value-driven approach for stock selection, which is utilized to identify those companies that the Adviser determines represent the best value relative to their underlying assets and earnings. Analysts will assess real estate specific factors, broader equity factors, as well as environmental, social and governance (“ESG”)  factors in their fundamental analysis in order to calculate appropriate valuation metrics. Top-down considerations are incorporated into the portfolio construction process, and the Adviser seeks to achieve exposure across sectors and integrate forecasted fundamental inflections and macroeconomic considerations, among other factors.  
When deemed by the Adviser to be relevant to its evaluation of a company’s financial performance and when applicable information is available, the Adviser considers financially material ESG issues which may impact the prospects of an issuer or long-term stock price performance of a company. When considered, one or more ESG issues are taken into account alongside other factors in the investment decision-making process and are not the sole determinant of whether an investment can be made or will remain in the Fund’s portfolio.
The Adviser generally considers selling a portfolio holding based upon the relative valuation ranking of securities in the investment universe.
Read More

MSURX - Performance

Return Ranking - Trailing

Period MSURX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.8% -8.2% 22.3% 12.50%
1 Yr 35.6% -9.5% 47.0% 35.16%
3 Yr 0.6%* -12.6% 5.4% 31.89%
5 Yr 1.4%* -12.2% 14.9% 87.29%
10 Yr N/A* -2.3% 14.6% 99.53%

* Annualized

Return Ranking - Calendar

Period MSURX Return Category Return Low Category Return High Rank in Category (%)
2023 11.9% -16.2% 24.6% 11.37%
2022 -33.5% -51.3% 2.5% 72.83%
2021 35.3% -7.7% 52.3% 30.12%
2020 -20.7% -42.2% 35.0% 93.22%
2019 1.6% 0.0% 43.1% 99.13%

Total Return Ranking - Trailing

Period MSURX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.8% -8.2% 22.3% 12.50%
1 Yr 35.6% -9.5% 47.0% 35.16%
3 Yr 0.6%* -12.6% 5.4% 31.89%
5 Yr 1.4%* -12.2% 14.9% 87.29%
10 Yr N/A* -2.3% 14.6% 99.54%

* Annualized

Total Return Ranking - Calendar

Period MSURX Return Category Return Low Category Return High Rank in Category (%)
2023 13.5% -13.7% 25.0% 21.18%
2022 -27.3% -40.7% 7.8% 68.50%
2021 37.5% 7.8% 54.6% 74.30%
2020 -18.9% -36.6% 44.3% 97.46%
2019 17.4% 4.1% 46.4% 91.27%

NAV & Total Return History

MSURX - Holdings

Concentration Analysis

MSURX Category Low Category High MSURX % Rank
Net Assets 28.3 M 1.39 M 61.4 B 89.16%
Number of Holdings 35 22 519 69.92%
Net Assets in Top 10 15.2 M 1.29 M 32.8 B 89.45%
Weighting of Top 10 57.90% 13.2% 90.0% 32.03%

Top 10 Holdings

  1. Equinix Inc 8.48%
  2. Welltower Inc 8.24%
  3. Prologis Inc 7.36%
  4. AvalonBay Communities Inc 6.35%
  5. Digital Realty Trust Inc 5.60%
  6. Simon Property Group Inc 4.74%
  7. Extra Space Storage Inc 4.64%
  8. Public Storage 4.63%
  9. Iron Mountain Inc 4.00%
  10. Essex Property Trust Inc 3.84%

Asset Allocation

Weighting Return Low Return High MSURX % Rank
Stocks 		98.33% 0.00% 105.52% 63.67%
Cash 		1.67% -42.50% 24.34% 32.42%
Preferred Stocks 		0.00% 0.00% 31.13% 62.50%
Other 		0.00% -89.90% 104.09% 62.89%
Convertible Bonds 		0.00% 0.00% 10.95% 58.04%
Bonds 		0.00% 0.00% 155.83% 60.55%

Stock Sector Breakdown

Weighting Return Low Return High MSURX % Rank
Real Estate 		95.65% 34.46% 100.00% 87.30%
Technology 		2.54% 0.00% 12.02% 5.74%
Consumer Cyclical 		1.81% 0.00% 45.29% 15.57%
Utilities 		0.00% 0.00% 3.55% 54.92%
Industrials 		0.00% 0.00% 7.39% 59.43%
Healthcare 		0.00% 0.00% 0.53% 56.15%
Financial Services 		0.00% 0.00% 37.05% 59.43%
Energy 		0.00% 0.00% 33.11% 56.56%
Communication Services 		0.00% 0.00% 11.61% 59.43%
Consumer Defense 		0.00% 0.00% 0.93% 54.92%
Basic Materials 		0.00% 0.00% 13.69% 56.97%

Stock Geographic Breakdown

Weighting Return Low Return High MSURX % Rank
US 		98.33% 0.00% 105.52% 56.64%
Non US 		0.00% 0.00% 37.90% 60.94%

MSURX - Expenses

Operational Fees

MSURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.65% 0.07% 28.75% 6.32%
Management Fee 0.55% 0.00% 1.50% 19.92%
12b-1 Fee 1.00% 0.00% 1.00% 87.40%
Administrative Fee 0.08% 0.01% 0.45% 31.51%

Sales Fees

MSURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load 1.00% 1.00% 1.00% 48.48%

Trading Fees

MSURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

MSURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 132.00% 0.11% 380.00% 92.83%

MSURX - Distributions

Dividend Yield Analysis

MSURX Category Low Category High MSURX % Rank
Dividend Yield 1.22% 0.00% 13.03% 87.11%

Dividend Distribution Analysis

MSURX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

MSURX Category Low Category High MSURX % Rank
Net Income Ratio -0.54% -1.14% 6.05% 98.02%

Capital Gain Distribution Analysis

MSURX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Distributions History

View More +

MSURX - Fund Manager Analysis

Managers

Laurel Durkay

Start Date

Tenure

Tenure Rank

Dec 07, 2020

1.48

1.5%

Laurel Durkay, Chartered Financial Analyst Managing Director Laurel Durkay joined Morgan Stanley in 2020 and has 20 years of investment experience. She is the Head of Global Listed Real Assets within Morgan Stanley Investment Management (MSIM) and the lead portfolio manager for US and Global listed real estate strategies. Prior to joining MSIM, Ms. Durkay was a Senior Vice President and Global Portfolio Manager for Listed Real Estate at Cohen & Steers Capital Management for 14 years. Previously, Ms. Durkay held several positions at Citigroup, including working on asset allocation and manag

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.17 2.68

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