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Trending ETFs

Name

As of 03/27/2024

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

$13.85

$6.23 M

0.13%

$0.02

7.63%

Vitals

YTD Return

11.7%

1 yr return

23.0%

3 Yr Avg Return

8.0%

5 Yr Avg Return

N/A

Net Assets

$6.23 M

Holdings in Top 10

56.7%

52 WEEK LOW AND HIGH

$13.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 7.63%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 57.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$13.85

$6.23 M

0.13%

$0.02

7.63%

MGKIX - Profile

Distributions

  • YTD Total Return 11.7%
  • 3 Yr Annualized Total Return 8.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.04%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Global Permanence Portfolio
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Apr 30, 2019
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alexander Norton

Fund Description

Under normal market conditions, the Adviser seeks to achieve the Fund’s investment objective by investing primarily in equity securities of established companies located throughout the world, with capitalizations within the range of companies included in the MSCI All Country World Index.
The Adviser emphasizes a bottom-up stock selection process, seeking attractive investments on an individual company basis. In selecting securities for investment, the Adviser typically invests in companies it believes have strong name recognition and sustainable competitive advantages with above average business visibility, the ability to deploy capital at high rates of return, strong balance sheets and an attractive risk/reward.
The Fund will make long-term investments in companies globally that the Adviser believes have the most durable long-term competitive advantages. The Fund may also invest in more moderate growth companies, companies with lower earnings volatility and/or companies with some cyclicality in their end markets.
The Adviser actively integrates sustainability into the investment process by using environmental, social and governance (“ESG”) factors as a lens for additional fundamental research, which can contribute to investment decision-making. The Adviser seeks to understand how environmental and social initiatives within companies can create value by strengthening durable competitive advantages, creating growth opportunities, driving profitability and/or aligning with secular growth trends. The Adviser generally engages with company management teams to discuss their ESG practices, with the aim of identifying how sustainability themes present opportunities and risks that can be material to the value of the security over the long-term. Other aspects of the investment process include a proprietary, systematic evaluation of governance policies, specifically focusing on compensation alignment on long-term value creation.  Although consideration of ESG factors is incorporated into the investment process, it is only one of many tools the Adviser utilizes to make investment decisions.
The Fund may invest in foreign securities, which may include emerging market securities. Under normal market conditions, the Fund typically invests at least 40% of its total assets in the securities of issuers located outside of the United States, unless the Adviser determines, in its sole discretion, that conditions are not favorable. If the Adviser determines that conditions are not favorable, the Fund may invest under 40% of its total assets in the securities of issuers located outside the United States, provided that the Fund will not invest less than 30% of its total assets in such securities except for temporary defensive purposes. In addition, under normal market conditions, the Fund invests in the securities of issuers from at least three different countries, which may include the United States.
The Fund may invest in equity securities.
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MGKIX - Performance

Return Ranking - Trailing

Period MGKIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.7% -35.6% 29.2% 31.99%
1 Yr 23.0% 17.3% 252.4% 36.59%
3 Yr 8.0%* -3.5% 34.6% N/A
5 Yr N/A* 0.1% 32.7% N/A
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Return Ranking - Calendar

Period MGKIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.8% -24.3% 957.1% 19.39%
2022 -21.3% -38.3% 47.1% N/A
2021 2.3% -54.2% 0.6% N/A
2020 26.2% -76.0% 54.1% N/A
2019 N/A -26.1% 47.8% N/A

Total Return Ranking - Trailing

Period MGKIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.7% -35.6% 29.2% 32.77%
1 Yr 23.0% 11.4% 252.4% 33.18%
3 Yr 8.0%* -3.5% 34.6% N/A
5 Yr N/A* 0.1% 32.7% N/A
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period MGKIX Return Category Return Low Category Return High Rank in Category (%)
2023 20.9% -24.3% 957.1% 19.39%
2022 -19.9% -33.1% 47.1% N/A
2021 19.7% -44.4% 1.8% N/A
2020 27.1% -6.5% 54.1% N/A
2019 N/A -14.4% 47.8% N/A

NAV & Total Return History


MGKIX - Holdings

Concentration Analysis

MGKIX Category Low Category High MGKIX % Rank
Net Assets 6.23 M 199 K 133 B 98.90%
Number of Holdings 48 1 9075 70.70%
Net Assets in Top 10 3.53 M -18 M 37.6 B 97.80%
Weighting of Top 10 56.67% 9.1% 100.0% 23.80%

Top 10 Holdings

  1. Cloudflare Inc 11.40%
  2. Royalty Pharma PLC 6.46%
  3. Intercontinental Exchange Inc 5.79%
  4. Amazon.com Inc 5.43%
  5. Rentokil Initial PLC 5.37%
  6. Eurofins Scientific SE 5.31%
  7. Canadian National Railway Co 4.94%
  8. Floor Decor Holdings Inc 4.34%
  9. Victoria PLC 4.12%
  10. Christian Dior SE 3.51%

Asset Allocation

Weighting Return Low Return High MGKIX % Rank
Stocks
97.51% 61.84% 125.47% 79.85%
Cash
2.39% -174.70% 23.12% 39.98%
Other
0.10% -13.98% 19.14% 4.74%
Preferred Stocks
0.00% -0.01% 5.28% 88.22%
Convertible Bonds
0.00% 0.00% 4.46% 87.44%
Bonds
0.00% -1.50% 161.67% 88.00%

Stock Sector Breakdown

Weighting Return Low Return High MGKIX % Rank
Technology
23.62% 0.00% 49.87% 81.72%
Industrials
16.45% 0.00% 44.06% 5.95%
Healthcare
15.51% 0.00% 35.42% 24.12%
Consumer Cyclical
15.15% 0.00% 40.94% 27.75%
Financial Services
12.47% 0.00% 38.42% 80.84%
Consumer Defense
6.81% 0.00% 73.28% 42.73%
Basic Materials
4.26% 0.00% 38.60% 3.30%
Communication Services
2.65% 0.00% 57.66% 91.41%
Energy
1.59% 0.00% 21.15% 96.59%
Real Estate
1.48% 0.00% 39.48% 7.93%
Utilities
0.00% 0.00% 29.12% 98.57%

Stock Geographic Breakdown

Weighting Return Low Return High MGKIX % Rank
US
64.24% 0.13% 103.82% 83.59%
Non US
33.27% 0.58% 99.46% 17.07%

MGKIX - Expenses

Operational Fees

MGKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 7.63% 0.01% 44.27% 2.74%
Management Fee 0.80% 0.00% 1.82% 77.79%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% 55.70%

Sales Fees

MGKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MGKIX 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.

MGKIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 0.00% 395.00% 91.17%

MGKIX - Distributions

Dividend Yield Analysis

MGKIX Category Low Category High MGKIX % Rank
Dividend Yield 0.13% 0.00% 3.26% 87.75%

Dividend Distribution Analysis

MGKIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

MGKIX Category Low Category High MGKIX % Rank
Net Income Ratio -0.04% -4.27% 12.65% 85.34%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MGKIX - Fund Manager Analysis

Managers

Alexander Norton


Start Date

Tenure

Tenure Rank

Apr 30, 2019

3.09

3.1%

Alexander Norton is an investor for the Counterpoint Global team. He joined Morgan Stanley in 2000 and has been with financial industry since 1995. Prior to joining the firm, Alex was an associate in equity derivative sales and later an associate in equity research at Donaldson, Lufkin & Jenrette. Previously, he was a bond broker with Cantor Fitzgerald. Alex received a B.A. in history from the University of Pennsylvania and an M.B.A. in finance from Columbia Business School.

Jason Yeung


Start Date

Tenure

Tenure Rank

Apr 30, 2019

3.09

3.1%

Jason Yeung is an investor for the Counterpoint Global team. He joined Morgan Stanley in 2002 and has been with financial industry since 1997. Jason joined the team in 2004 as an investor. Previously, he was a member of the U.S. Research Group, working closely with the Counterpoint Global team. Prior to joining the firm, Jason was a senior research analyst at Ramius Capital Group. Previously, he was an equity research associate at Deutsche Bank. Jason received a B.A., Phi Beta Kappa, in international relations from Johns Hopkins University and an M. Phil. in international relations from the University of Cambridge. He holds the Chartered Financial Analyst designation.

Armistead Nash


Start Date

Tenure

Tenure Rank

Apr 30, 2019

3.09

3.1%

Armistead Nash is an investor for the Counterpoint Global team. He joined Morgan Stanley in 2002 and has has been with financial industry since 2000. Armistead joined the team in 2004 as an investor. Previously, he was a member of the U.S. Research Group, working closely with the Counterpoint Global team. Prior to joining the firm, Armistead was an associate in investment product development at BlackRock Financial Management. Previously, he was a research analyst in high-yield research at KEA Capital. Armistead received a B.A. in history from the University of Virginia and an M.B.A. from the University of Virginia's Darden School of Business Administration.

Manas Gautam


Start Date

Tenure

Tenure Rank

Apr 30, 2019

3.09

3.1%

Mr. Gautam has been associated with Stanley Investment Management Inc. in an investment management capacity since 2015 and has six years of investment experience. Prior to joining Stanley Investment Management, Mr. Gautam was an associate at Osmium Partners and served as a Board Observer at Spark Networks, Inc. In addition, Mr. Gautam was previously a research analyst at a family office and a research intern at Lane Five Capital Management.

Dennis Lynch


Start Date

Tenure

Tenure Rank

Apr 30, 2019

3.09

3.1%

Dennis is the Head of the Counterpoint Global team at Morgan Stanley Investment Management. He joined Morgan Stanley in 1998 and has been with financial industry since 1994. Prior to joining the firm, he worked as a sell-side analyst for J.P. Morgan Securities. Dennis received a B.A. in political science from Hamilton College and an M.B.A. with honors in finance from Columbia University.

David Cohen


Start Date

Tenure

Tenure Rank

Apr 30, 2019

3.09

3.1%

Dave Cohen is an investor for the Counterpoint Global team. He joined Morgan Stanley in 1993 and has has been with financial industry since 1988. Dave joined the team as an investor in 1999. Prior to joining the firm, Dave was a senior fund accountant at Alliance Capital. Previously, he was a fund accountant at Natwest and Wall Street Trust. Dave received a B.S. summa cum laude in management from Pace University.

Sandeep (Sam) Chainani


Start Date

Tenure

Tenure Rank

Apr 30, 2019

3.09

3.1%

Sam Chainani is an investor for the Counterpoint Global team. He joined Morgan Stanley in 1996 and has been with financial industry since 1996. Sam joined the team as an investor in 2000. Previously, he was a strategy specialist for our Inception and Discovery strategies. Sam received a B.S. in management with a concentration in finance from Binghamton University. He holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25