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Trending ETFs

Name

As of 03/25/2024

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

$6.67

$178 M

0.41%

$0.03

0.95%

Vitals

YTD Return

0.3%

1 yr return

4.8%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

0.3%

Net Assets

$178 M

Holdings in Top 10

64.1%

52 WEEK LOW AND HIGH

$6.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.95%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 402.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/25/2024

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

$6.67

$178 M

0.41%

$0.03

0.95%

TIFUX - Profile

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.92%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    International Fixed Income Fund
  • Fund Family Name
    MORGAN STANLEY PATHWAY FUNDS
  • Inception Date
    Nov 18, 1991
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Sachin Gupta

Fund Description

The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in fixed income instruments. The Fund invests primarily in fixed income instruments of issuers located outside the U.S. Up to 15% of the Fund’s total assets may be invested in fixed income instruments of issuers located in emerging markets countries. The fixed income instruments in which the Fund may invest include securities issued or guaranteed by the U.S. Government, its agencies or government-sponsored enterprises (Note that securities issued by U.S. Government agencies or government-sponsored enterprises may not be guaranteed by the U.S. Treasury); corporate debt securities of U.S. and non-U.S. issuers, including preferred and convertible securities and corporate commercial paper; mortgage-backed and other asset-backed securities; inflation-indexed bonds issued both by governments and corporations; structured notes, including hybrid or “indexed” securities and event-linked bonds; loan participations and assignments; delayed funding loans and revolving credit facilities; bank loans; bank certificates of deposit, fixed time deposits and bankers’ acceptances; repurchase agreements on fixed income instruments and reverse repurchase agreements on fixed income instruments; debt securities issued by foreign sovereigns, states or local governments and their agencies, authorities and other government-sponsored enterprises; obligations of non-U.S. governments or their subdivisions, agencies and government-sponsored enterprises; and obligations of international agencies or supranational entities.
The Fund also may invest in derivatives based on fixed income instruments including futures, forwards, options, swaps, and swaptions and may use other investment techniques such as mortgage dollar rolls, buy-backs and securities lending to earn additional income. The Fund also may engage in short sales and invest in privately placed securities.
Investments may be structured to provide all types of interest rate payments, including fixed, variable, floating, inverse, zero or interest-only rates of interest. The Fund may invest in currency spot and forward transactions for the purpose of active currency exposure. Foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) normally will be limited to 30% of the Fund’s total assets. The Fund may also invest up to 10% of its total assets in preferred stocks, convertible securities and other equity-related securities. The Fund may also lend portfolio securities to earn additional income. Any income realized through securities lending may help Fund performance.
Credit Quality. The Fund invests primarily in investment grade debt securities, but may invest up to 15% of its total assets in non-investment grade securities (sometimes called “high yield securities” or “junk bonds”) rated CCC- or higher by Moody’s, or equivalently rated by S&P or Fitch, or, if unrated, determined by the Sub-adviser (as defined below) to be of comparable quality.
Duration. The Fund’s average portfolio duration, as calculated by the Sub-adviser, normally ranges within two years (plus or minus) of the duration of the benchmark index. Duration is an approximate measure of the sensitivity of the market value of the Fund’s holdings to changes in interest rates. Maturity means the date on which the principal amount of a debt security is due and payable. The Fund may invest in individual securities of any maturity.
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TIFUX - Performance

Return Ranking - Trailing

Period TIFUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -15.2% -2.4% 25.38%
1 Yr 4.8% -10.4% -2.5% 83.97%
3 Yr -2.4%* -1.2% 4.2% 72.88%
5 Yr 0.3%* -0.1% 3.7% 51.55%
10 Yr 2.2%* 0.0% 4.6% 38.89%

* Annualized

Return Ranking - Calendar

Period TIFUX Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -9.4% -0.6% 73.39%
2022 -20.5% -1.3% 7.0% 13.27%
2021 -5.3% 0.5% 200.9% 85.32%
2020 5.1% -15.5% 3.1% 16.00%
2019 2.6% -0.6% 30.6% 52.56%

Total Return Ranking - Trailing

Period TIFUX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -15.2% -2.4% 23.08%
1 Yr 4.8% -12.6% -2.5% 67.94%
3 Yr -2.4%* -1.6% 4.2% 66.10%
5 Yr 0.3%* -0.1% 3.7% 46.39%
10 Yr 2.2%* 0.0% 4.6% 37.50%

* Annualized

Total Return Ranking - Calendar

Period TIFUX Return Category Return Low Category Return High Rank in Category (%)
2023 8.4% -9.4% -0.6% 73.39%
2022 -13.2% -1.3% 7.0% 13.27%
2021 -2.9% 0.5% 200.9% 85.32%
2020 5.9% -15.5% 3.3% 35.00%
2019 7.5% 0.1% 30.6% 65.38%

NAV & Total Return History


TIFUX - Holdings

Concentration Analysis

TIFUX Category Low Category High TIFUX % Rank
Net Assets 178 M 21.8 M 93.5 B 73.28%
Number of Holdings 748 5 7040 31.06%
Net Assets in Top 10 117 M -839 M 6.06 B 81.06%
Weighting of Top 10 64.09% 6.1% 100.0% 1.52%

Top 10 Holdings

  1. FUTURE CONTRACT ON 3 MONTH SOFR FUT MAR24 0.00000000 15.44%
  2. FUTURE CONTRACT ON EURO-BTP FUTURE DEC23 /EUR/ 0.00000000 8.15%
  3. RC R/P CITIGR 5.420% 12/01/23 5.42000000 7.12%
  4. FUTURE CONTRACT ON EURO-SCHATZ FUT DEC23 /EUR/ 0.00000000 6.28%
  5. JAPAN TREASURY DISC BILL /JPY/ REGD ZCP SER 1196 0.00000000 5.10%
  6. FUTURE CONTRACT ON 3 MONTH SOFR FUT SEP25 0.00000000 4.75%
  7. FUTURE CONTRACT ON 3 MONTH SOFR FUT JUN25 0.00000000 4.74%
  8. JAPAN TREASURY DISC BILL /JPY/ REGD ZCP SER 1185 0.00000000 4.66%
  9. FANNIE MAE POOL UMBS P#MA5073 6.00000000 3.95%
  10. FNMA 30YR TBA 5.5% JAN 24 TO BE ANNOUNCED 5.50000000 3.89%

Asset Allocation

Weighting Return Low Return High TIFUX % Rank
Bonds
70.93% 36.86% 100.73% 73.48%
Cash
23.68% -2.75% 67.17% 33.33%
Other
13.92% -8.93% 0.72% 6.06%
Convertible Bonds
4.06% 0.00% 14.16% 12.88%
Stocks
0.00% 0.00% 0.70% 46.21%
Preferred Stocks
0.00% 0.00% 0.73% 39.39%

Bond Sector Breakdown

Weighting Return Low Return High TIFUX % Rank
Government
45.06% 1.71% 97.31% 19.70%
Cash & Equivalents
23.68% 0.00% 51.02% 62.12%
Securitized
7.23% 0.00% 29.11% 27.27%
Derivative
6.81% 0.00% 50.79% 37.88%
Corporate
2.16% 0.00% 70.79% 96.97%
Municipal
0.02% 0.00% 3.10% 41.67%

Bond Geographic Breakdown

Weighting Return Low Return High TIFUX % Rank
US
39.93% -11.86% 53.57% 100.00%
Non US
31.00% 26.05% 98.85% 12.12%

TIFUX - Expenses

Operational Fees

TIFUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.02% 1.81% 29.69%
Management Fee 0.50% 0.00% 0.83% 49.24%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 0.45% 10.87%

Sales Fees

TIFUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TIFUX 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.

TIFUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 402.00% 2.00% 402.00% 100.00%

TIFUX - Distributions

Dividend Yield Analysis

TIFUX Category Low Category High TIFUX % Rank
Dividend Yield 0.41% 0.00% 2.20% 53.03%

Dividend Distribution Analysis

TIFUX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Monthly

Net Income Ratio Analysis

TIFUX Category Low Category High TIFUX % Rank
Net Income Ratio 0.92% -0.30% 3.10% 69.47%

Capital Gain Distribution Analysis

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

Distributions History

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TIFUX - Fund Manager Analysis

Managers

Sachin Gupta


Start Date

Tenure

Tenure Rank

Oct 31, 2014

7.59

7.6%

Mr. Gupta is a managing director in the Newport Beach office, global portfolio manager and head of the global desk. He is a member of the European Portfolio Committee and a rotating member of the Asia-Pacific Portfolio Committee, and has also served as a rotating member of the Investment Committee. Prior to joining PIMCO in 2003, he was in the fixed income and currency derivatives group at ABN AMRO Bank. He holds an MBA from XLRI, India. He received an undergraduate degree from Indian Institute of Technology, Delhi.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 31.42 5.43 0.92