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Name

As of 09/14/2023

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

MORGAN STANLEY TAX FREE DAILY INCOME TRUST

DSTXX | Fund

$1.00

$239 M

0.00%

1.26%

Vitals

YTD Return

2.1%

1 yr return

2.6%

3 Yr Avg Return

1.1%

5 Yr Avg Return

1.2%

Net Assets

$239 M

Holdings in Top 10

46.3%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.26%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000

IRA

N/A

Fund Classification

Fund Type

Money Market Fund

Name

As of 09/14/2023

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

MORGAN STANLEY TAX FREE DAILY INCOME TRUST

DSTXX | Fund

$1.00

$239 M

0.00%

1.26%

DSTXX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    MORGAN STANLEY TAX FREE DAILY INCOME TRUST
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Sep 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Management Team

Fund Description

The Fund will invest in high quality, short-term securities that are normally municipal obligations that pay interest exempt from federal income taxes. The Adviser seeks to maintain the Fund’s share price at $1.00. The share price remaining stable at $1.00 means that the Fund would preserve the principal value of your investment.
Municipal obligations are securities issued by state and local governments and their agencies. These securities typically are “general obligation” or “revenue” bonds, notes or commercial paper. The Fund may invest up to 20% of its net assets in taxable money market securities or in securities that pay interest income subject to the federal “alternative minimum tax,” and some taxpayers may have to pay tax on a Fund distribution of this income. In addition, the Fund may temporarily invest more than 20% of its assets in taxable money market securities and in securities that pay interest income subject to the federal “alternative minimum tax” for defensive purposes in attempting to respond to adverse market conditions, including when suitable municipal obligations are unavailable. When the Fund makes such investments, a higher portion of the Fund’s distributions will likely be subject to federal income tax and/or the federal alternative minimum tax.
The Fund’s investments may include tender option bonds and custodial receipts. Tender option bonds are municipal obligations held pursuant to a custodial arrangement and issued pursuant to an agreement with a third-party such as a bank or financial institution to provide the holder with the option of tendering the bond at periodic intervals. The holder of the tender option bond effectively holds a demand obligation that bears interest at prevailing short-term rates. Custodial receipts represent interests in future
interest and/or principal payments  on U.S. government securities or municipal obligations. Additionally, the Fund may invest in investment companies, including money market funds, and may invest some or all of its short-term cash investments in any money market fund advised or managed by the Adviser or its affiliates.
The Fund may purchase debt obligations that have fixed, variable or floating rates of interest. The interest rates payable on variable rate or floating rate obligations may fluctuate based upon changes in market rates.
The Fund has a fundamental policy of investing at least 80% of its assets in securities the interest on which is exempt from federal income tax, and which are not subject to the federal “alternative minimum tax.” A fundamental policy may not be changed without shareholder approval.
The Fund operates as a “retail money market fund,” as such term is defined or interpreted under Rule 2a-7 under the Investment Company Act of 1940, as amended (the “1940 Act”). A “retail money market fund” is a money market fund that has policies and procedures reasonably designed to limit all beneficial owners of the fund to natural persons. As a “retail money market fund,” the Fund may value its securities using the amortized cost method as permitted by Rule 2a-7 to seek to maintain a stable net asset value per share (“NAV”) of $1.00. Like other retail money market funds, the Fund is subject to the possible imposition of liquidity fees and/or redemption gates.
Read More

DSTXX - Performance

Return Ranking - Trailing

Period DSTXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% 0.0% 0.0% 49.52%
1 Yr 2.6% 0.0% 0.0% 49.52%
3 Yr 1.1%* 0.0% 0.0% 13.83%
5 Yr 1.2%* 0.0% 0.0% 15.31%
10 Yr 0.7%* 0.0% 0.0% 28.17%

* Annualized

Return Ranking - Calendar

Period DSTXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% 0.0% 0.0% 8.49%
2022 0.0% 0.0% 0.0% 9.18%
2021 0.0% 0.0% 0.0% 8.51%
2020 0.0% 0.0% 0.0% 8.16%
2019 0.0% 0.0% 0.0% 8.42%

Total Return Ranking - Trailing

Period DSTXX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% 0.0% 2.7% 49.52%
1 Yr 2.6% 0.0% 3.6% 49.52%
3 Yr 1.1%* 0.0% 1.3% 13.83%
5 Yr 1.2%* 0.0% 1.4% 15.31%
10 Yr 0.7%* 0.0% 0.9% 28.17%

* Annualized

Total Return Ranking - Calendar

Period DSTXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.7% 0.0% 1.2% 63.21%
2022 0.1% 0.0% 0.3% 15.31%
2021 1.6% 0.0% 2.4% 3.19%
2020 1.3% 0.0% 2.7% 40.82%
2019 0.9% 0.0% 1.6% 62.11%

NAV & Total Return History

DSTXX - Holdings

Concentration Analysis

DSTXX Category Low Category High DSTXX % Rank
Net Assets 239 M 3.67 M 17.3 B 63.21%
Number of Holdings 32 1 921 95.28%
Net Assets in Top 10 15 M 11.5 M 17.4 B 98.11%
Weighting of Top 10 46.29% 9.8% 100.0% 13.21%

Top 10 Holdings

  1. TEXAS ST 4% 6.21%
  2. MASSACHUSETTS ST WTR RES AUTH 0.47% 4.92%
  3. INDIANA ST FIN AUTH ENVIRONMENTAL REV 0.4% 4.92%
  4. COLORADO SPRINGS COLO UTILS REV 0.52% 4.92%
  5. ORLANDO FLA UTILS COMMN UTIL SYS REV 0.08% 4.91%
  6. HOUSTON TEX UTIL SYS REV 0.08% 4.91%
  7. TEXAS ST 4% 4.91%
  8. UTAH WTR FIN AGY REV 0.52% 4.74%
  9. J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 0.15% 4.69%
  10. TRIBOROUGH BRDG & TUNL AUTH NY REVS 0.38% 4.62%

Asset Allocation

Weighting Return Low Return High DSTXX % Rank
Bonds 		96.26% 0.00% 99.73% 8.49%
Cash 		3.74% 0.27% 100.00% 93.40%
Stocks 		0.00% 0.00% 0.00% 8.49%
Preferred Stocks 		0.00% 0.00% 0.00% 8.49%
Other 		0.00% 0.00% 0.00% 8.49%
Convertible Bonds 		0.00% 0.00% 0.00% 8.49%

Bond Sector Breakdown

Weighting Return Low Return High DSTXX % Rank
Municipal 		96.26% 0.00% 99.73% 8.49%
Cash & Equivalents 		3.74% 0.27% 100.00% 93.40%
Derivative 		0.00% 0.00% 0.00% 8.49%
Securitized 		0.00% 0.00% 0.00% 8.49%
Corporate 		0.00% 0.00% 0.00% 8.49%
Government 		0.00% 0.00% 13.45% 14.15%

Bond Geographic Breakdown

Weighting Return Low Return High DSTXX % Rank
US 		96.26% 0.00% 99.73% 8.49%
Non US 		0.00% 0.00% 0.00% 8.49%

DSTXX - Expenses

Operational Fees

DSTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.26% 0.12% 1.39% 5.66%
Management Fee 0.15% 0.08% 0.49% 21.70%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee 0.05% 0.03% 0.55% 5.41%

Sales Fees

DSTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

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

DSTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 1.07% 25.00%

DSTXX - Distributions

Dividend Yield Analysis

DSTXX Category Low Category High DSTXX % Rank
Dividend Yield 0.00% 0.00% 0.64% 59.43%

Dividend Distribution Analysis

DSTXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DSTXX Category Low Category High DSTXX % Rank
Net Income Ratio 0.01% 0.00% 0.12% 25.49%

Capital Gain Distribution Analysis

DSTXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

DSTXX - Fund Manager Analysis

Managers

Management Team

Start Date

Tenure

Tenure Rank

Apr 30, 2007

15.1

15.1%

Team Managed

Tenure Analysis

Category Low Category High Category Average Category Mode
0.83 27.88 15.1 15.26

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