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Trending ETFs

Name

As of 10/26/2022

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

$6.72

$8.66 M

3.27%

$0.22

1.20%

Vitals

YTD Return

-35.4%

1 yr return

-38.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$8.66 M

Holdings in Top 10

62.0%

52 WEEK LOW AND HIGH

$6.8
$6.67
$11.92

Expenses

OPERATING FEES

Expense Ratio 1.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 73.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/26/2022

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

$6.72

$8.66 M

3.27%

$0.22

1.20%

MAKIX - Profile

Distributions

  • YTD Total Return -35.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.44%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Morgan Stanley China Equity Portfolio
  • Fund Family Name
    Morgan Stanley
  • Inception Date
    Oct 31, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Amay Hattangadi

Fund Description

The Adviser and/or Sub-Adviser seeks to achieve the Fund’s investment objective, under normal circumstances, by investing at least 80% of the Fund’s net assets in equity securities of companies located in or operating in China (which, for the purposes of the Fund’s investment strategy, includes mainland China and Hong Kong). This policy may be changed without shareholder approval; however, you would be notified upon 60 days’ notice in writing of any changes.
The Adviser and/or Sub-Adviser actively selects positions in a limited number of equity securities using a fundamental bottom-up stock selection process informed by macro thematic research on China. The Adviser and/or Sub-Adviser will employ this consistent and targeted approach seeking companies with strong sustainable earnings growth and fundamentals. Investment selection criteria include attractive growth characteristics, reasonable valuations and company managements oriented towards creating strong shareholder value. The Adviser and/or Sub-Adviser generally considers selling an investment when it determines the company no longer satisfies their investment criteria.
The Fund may invest in China A-shares (shares of publicly traded companies based in mainland China) listed and traded on the Shanghai Stock Exchange through the Shanghai-Hong Kong Stock Connect program, as well as China A-shares listed and traded on the Shenzhen Stock Exchange through the Shenzhen-Hong Kong Stock Connect program (collectively, “Stock Connect”). Stock Connect is a securities trading and clearing program between the Shanghai and Shenzhen Stock Exchanges, the Stock Exchange of Hong Kong Limited, China Securities Depository and Clearing Corporation Limited (“CSDCC”) and Hong Kong Securities Clearing Company Limited (“HKSCC”) designed to permit mutual stock market access between mainland China and Hong Kong by allowing investors to trade and settle shares on each market via their local exchanges. Stock Connect may include other exchanges in the future. The Fund may also invest in China A-shares through any other means permitted in the future by applicable law or regulation.
The equity securities of Chinese companies the Fund may invest in also include securities issued by Hong Kong domiciled companies, as well as China H-shares (shares of China-incorporated, Hong Kong-listed companies), Shanghai- and Shenzhen-listed B-shares (shares of China-incorporated companies that are traded in foreign currencies) and China “red chip” shares (shares of companies based in mainland China that are incorporated outside China and listed in Hong Kong). In addition, the Fund may
invest in American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and other types of depositary receipts with respect to companies operating in China. The Fund may also invest in securities of other investment companies, including exchange-traded funds (“ETFs”). The Fund may hold or have exposure to equity securities of companies in any industry or sector.
The investment process integrates information about environmental, social and governance issues (also referred to as ESG) when making investment decisions. The Adviser believes that monitoring ESG helps build a more complete picture of the opportunities and risks facing companies, and seeks to engage directly with company management to gain insights on how each company addresses material ESG issues and how these may affect long-term financial performance. The investment process excludes holdings in tobacco companies.
The Fund may, but it is not required to, use derivative instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The Fund’s use of derivatives may involve the purchase and sale of derivative instruments such as futures, structured investments and other related instruments and techniques. Derivative instruments used by the Fund will be counted toward the Fund’s 80% policy discussed above to the extent they have economic characteristics similar to the securities included within that policy.
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MAKIX - Performance

Return Ranking - Trailing

Period MAKIX Return Category Return Low Category Return High Rank in Category (%)
YTD -35.4% -47.9% 14.5% 60.47%
1 Yr -38.6% -55.0% 60.3% 80.80%
3 Yr N/A* -14.4% 27.8% N/A
5 Yr N/A* -7.7% 13.7% N/A
10 Yr N/A* 0.7% 11.9% N/A

* Annualized

Return Ranking - Calendar

Period MAKIX Return Category Return Low Category Return High Rank in Category (%)
2023 -24.8% -52.5% 39.7% 80.99%
2022 27.1% -21.7% 138.4% 54.81%
2021 N/A -1.9% 46.9% N/A
2020 N/A -52.1% -5.1% N/A
2019 N/A 1.1% 78.5% N/A

Total Return Ranking - Trailing

Period MAKIX Return Category Return Low Category Return High Rank in Category (%)
YTD -35.4% -47.9% 24.5% 60.47%
1 Yr -38.6% -55.0% 60.3% 79.20%
3 Yr N/A* -14.4% 27.8% N/A
5 Yr N/A* -7.7% 13.7% N/A
10 Yr N/A* 0.7% 11.9% N/A

* Annualized

Total Return Ranking - Calendar

Period MAKIX Return Category Return Low Category Return High Rank in Category (%)
2023 -24.8% -52.5% 39.8% 80.99%
2022 27.1% -21.7% 138.4% 54.81%
2021 N/A -1.9% 47.0% N/A
2020 N/A -52.1% -5.0% N/A
2019 N/A 1.1% 78.5% N/A

NAV & Total Return History


MAKIX - Holdings

Concentration Analysis

MAKIX Category Low Category High MAKIX % Rank
Net Assets 8.66 M 1.4 M 6.58 B 74.81%
Number of Holdings 34 6 961 87.12%
Net Assets in Top 10 5.34 M 706 K 4.22 B 74.24%
Weighting of Top 10 62.02% 6.6% 99.9% 13.64%

Top 10 Holdings

  1. Tencent Holdings Ltd 20.20%
  2. Tencent Holdings Ltd 20.20%
  3. Tencent Holdings Ltd 20.20%
  4. Tencent Holdings Ltd 20.20%
  5. Tencent Holdings Ltd 20.20%
  6. Tencent Holdings Ltd 20.20%
  7. Tencent Holdings Ltd 20.20%
  8. Tencent Holdings Ltd 20.20%
  9. Tencent Holdings Ltd 20.20%
  10. Tencent Holdings Ltd 20.20%

Asset Allocation

Weighting Return Low Return High MAKIX % Rank
Stocks
86.15% 0.00% 102.18% 96.99%
Cash
12.74% -2.18% 12.74% 1.52%
Bonds
0.77% 0.00% 69.90% 4.51%
Other
0.34% 0.00% 47.32% 14.39%
Preferred Stocks
0.00% 0.00% 0.00% 28.03%
Convertible Bonds
0.00% 0.00% 0.15% 31.82%

MAKIX - Expenses

Operational Fees

MAKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.09% 3.14% 31.85%
Management Fee 0.80% 0.09% 1.50% 53.33%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.06% 0.26% 17.24%

Sales Fees

MAKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MAKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 2.00% 2.00% 55.56%

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.

MAKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 73.00% 4.00% 278.00% 70.00%

MAKIX - Distributions

Dividend Yield Analysis

MAKIX Category Low Category High MAKIX % Rank
Dividend Yield 3.27% 0.00% 15.00% 54.07%

Dividend Distribution Analysis

MAKIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

MAKIX Category Low Category High MAKIX % Rank
Net Income Ratio -0.44% -1.93% 4.74% 76.74%

Capital Gain Distribution Analysis

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

Distributions History

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MAKIX - Fund Manager Analysis

Managers

Amay Hattangadi


Start Date

Tenure

Tenure Rank

Dec 09, 2020

1.47

1.5%

Amay is Managing Director of MSIM Company. He joined Morgan Stanley in 1997 and has 21 years of investment experience. Previously, he was a portfolio administrator. Amay received a Bachelor of Commerce degree from the University of Mumbai. He is an Associate Member of the Institute of Chartered Accountants of India. He holds the Charted Financial Analyst designation.

Leon Sun


Start Date

Tenure

Tenure Rank

Mar 29, 2021

1.17

1.2%

Leon is an investor on the Global Emerging Markets team, and the lead portfolio manager for the China strategies. Leon is also a co-portfolio manager for the Asia regional strategies. He joined Morgan Stanley in 2021 and has 23 years of investment experience. Prior to joining the firm, he worked as a senior portfolio manager and head of investment for China and Hong Kong at Nomura Asset Management. He was also an investment analyst at Martin Currie and a credit officer at Bank of China. Leon received a B.A. in English from Shanghai International Studies University and a Msc. in finance and investment from The University of Edinburgh. He holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.32 3.87 3.22