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Name

As of 04/18/2024

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

Corporate Bond Portfolio

MGILX | Fund

$10.27

$120 M

5.07%

$0.52

1.59%

Vitals

YTD Return

-2.8%

1 yr return

2.6%

3 Yr Avg Return

-3.6%

5 Yr Avg Return

0.4%

Net Assets

$120 M

Holdings in Top 10

16.3%

52 WEEK LOW AND HIGH

$10.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 125.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

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

Corporate Bond Portfolio

MGILX | Fund

$10.27

$120 M

5.07%

$0.52

1.59%

MGILX - Profile

Distributions

  • YTD Total Return -2.8%
  • 3 Yr Annualized Total Return -3.6%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.27%
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Corporate Bond Portfolio
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Jun 17, 2008
  • Shares Outstanding
    N/A
  • Share Class
    L
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Mehlman

Fund Description

Under normal circumstances, at least 80% of the Fund’s assets will be invested in corporate bonds. This policy may be changed without shareholder approval; however, you would be notified upon 60 days’ notice in writing of any changes.  The Fund invests primarily in a diversified mix of U.S. dollar-denominated corporate bonds. The Fund invests primarily in U.S. corporate bonds that carry an investment grade rating (i.e., generally rated Baa3 or higher by Moody’s Investors Service, Inc. (“Moody’s”), BBB- or higher by S&P Global Ratings Group, a division of S&P Global Inc. (“S&P”), BBB- or higher by Fitch Ratings, Inc. (“Fitch”)) or, if unrated, considered by the Adviser to be of equivalent quality. The Fund may also invest in securities denominated in currencies other than U.S. dollars.
The Adviser employs a value approach toward fixed-income investing and evaluates the relative attractiveness of corporate bonds. The Adviser relies upon value measures to guide its decisions regarding sector and security selection, such as the relative attractiveness of the extra yield offered by securities other than those issued by the U.S. Treasury. The Adviser also measures various types of risk by monitoring interest rates, inflation, the shape of the yield curve, credit risk and prepayment risk.
The Fund’s investment process incorporates information about environmental, social and governance issues (also referred to as ESG) via an integrated approach within the investment team’s fundamental investment analysis framework. The Adviser may engage with management of certain issuers regarding corporate governance practices as well as what the Adviser deems to be materially important environmental and/or social issues facing a company.
The Fund may also invest in restricted and illiquid securities.
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, options, swaps and other related instruments and techniques. Derivative instruments used by the Fund will be counted towards the Fund’s 80% policy discussed above to the extent they have economic characteristics similar to the securities included within that policy.
Read More

MGILX - Performance

Return Ranking - Trailing

Period MGILX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.8% -6.3% 2.6% 56.50%
1 Yr 2.6% -3.9% 7.9% 17.51%
3 Yr -3.6%* -10.1% 39.0% 70.11%
5 Yr 0.4%* -4.3% 26.0% 81.25%
10 Yr 2.4%* -0.5% 14.0% 28.00%

* Annualized

Return Ranking - Calendar

Period MGILX Return Category Return Low Category Return High Rank in Category (%)
2023 5.1% -5.6% 6.3% 11.30%
2022 -18.8% -28.7% 142.1% 47.16%
2021 -6.4% -12.3% 4.9% 89.60%
2020 4.1% -8.0% 10.6% 81.66%
2019 12.2% 4.3% 13.4% 3.14%

Total Return Ranking - Trailing

Period MGILX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.8% -6.3% 2.6% 56.50%
1 Yr 2.6% -3.9% 7.9% 17.51%
3 Yr -3.6%* -10.1% 39.0% 70.11%
5 Yr 0.4%* -4.3% 26.0% 81.25%
10 Yr 2.4%* -0.5% 14.0% 28.00%

* Annualized

Total Return Ranking - Calendar

Period MGILX Return Category Return Low Category Return High Rank in Category (%)
2023 9.2% -5.6% 12.9% 18.64%
2022 -16.9% -25.6% 151.8% 84.09%
2021 -2.6% -5.1% 7.5% 97.11%
2020 9.6% -8.0% 116.0% 63.31%
2019 15.0% 6.7% 17.4% 26.42%

NAV & Total Return History

MGILX - Holdings

Concentration Analysis

MGILX Category Low Category High MGILX % Rank
Net Assets 120 M 5.45 M 47.3 B 83.05%
Number of Holdings 243 4 9989 89.27%
Net Assets in Top 10 19.4 M -29.6 M 2.71 B 76.27%
Weighting of Top 10 16.34% 1.6% 143.5% 25.99%

Top 10 Holdings

  1. Morgan Stanley Institutional Liquidity Funds - Government Portfolio 4.61%
  2. Bank of America Corp 2.87%
  3. United States Treasury Bill 1.54%
  4. JPMorgan Chase Co 1.18%
  5. J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-NXSS 1.10%
  6. Hyundai Capital America 1.06%
  7. JPMorgan Chase Co 1.05%
  8. EDP Finance BV 0.99%
  9. Goldman Sachs Group Inc/The 0.99%
  10. Home Depot Inc/The 0.96%

Asset Allocation

Weighting Return Low Return High MGILX % Rank
Bonds 		93.45% 0.00% 136.47% 75.14%
Cash 		6.81% -43.80% 45.81% 9.60%
Convertible Bonds 		6.03% 0.00% 78.47% 29.38%
Other 		0.52% -1.14% 13.53% 51.41%
Stocks 		0.00% 0.00% 99.96% 67.80%
Preferred Stocks 		0.00% 0.00% 9.18% 68.93%

Bond Sector Breakdown

Weighting Return Low Return High MGILX % Rank
Corporate 		78.24% 41.80% 100.00% 72.32%
Government 		18.89% 0.00% 25.63% 11.86%
Cash & Equivalents 		6.81% 0.00% 45.81% 10.17%
Securitized 		1.30% 0.00% 23.18% 42.94%
Derivative 		0.52% -0.21% 1.89% 19.21%
Municipal 		0.00% 0.00% 3.62% 86.44%

Bond Geographic Breakdown

Weighting Return Low Return High MGILX % Rank
US 		93.45% 0.00% 109.04% 70.06%
Non US 		0.00% 0.00% 47.05% 74.01%

MGILX - Expenses

Operational Fees

MGILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.59% 0.02% 46.23% 9.14%
Management Fee 0.38% 0.00% 1.35% 58.76%
12b-1 Fee 0.50% 0.00% 1.00% 60.53%
Administrative Fee 0.08% 0.02% 0.45% 52.70%

Sales Fees

MGILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MGILX 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.

MGILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 125.00% 0.00% 259.00% 76.44%

MGILX - Distributions

Dividend Yield Analysis

MGILX Category Low Category High MGILX % Rank
Dividend Yield 5.07% 0.00% 6.09% 45.20%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MGILX Category Low Category High MGILX % Rank
Net Income Ratio 1.27% 0.38% 5.93% 93.71%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MGILX - Fund Manager Analysis

Managers

Joseph Mehlman

Start Date

Tenure

Tenure Rank

Dec 31, 2011

10.42

10.4%

Joe is a member of the Global Fixed Income team and is the head of U.S. Credit. He joined Morgan Stanley in 2002 and has 14 years of investment experience. Joe received a B.A. with honours in economics from Trinity College. Joe holds the Chartered Financial Analyst designation and is a member of the New York Society of Security Analysts.

Angie Salam

Start Date

Tenure

Tenure Rank

Jul 30, 2021

0.84

0.8%

Angie Salam is head of U.S. Investment Grade Research on the Global Fixed Income team. She joined Morgan Stanley Investment Management (MSIM) in May 2019 and has 21 years of investment experience. Prior to joining the firm, Angie worked as a credit analyst/trader at Weiss Multi-Strategy. Prior to that, she spent 15 years at Deutsche Bank as a credit desk analyst. Prior to Deutsche Bank, she worked at The Vanguard Group in their Fixed Income department in a 2 year rotational program. Angie received a BS in Business Administration, majoring in Finance from American University in Washington, D.C.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.74 4.41

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