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Name

As of 11/22/2024

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

International Advantage Portfolio

IDVSX | Fund

$24.10

$3.31 B

0.15%

$0.04

0.89%

Vitals

YTD Return

6.8%

1 yr return

14.9%

3 Yr Avg Return

-6.6%

5 Yr Avg Return

5.0%

Net Assets

$3.31 B

Holdings in Top 10

55.4%

52 WEEK LOW AND HIGH

$24.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.89%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 22.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

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

International Advantage Portfolio

IDVSX | Fund

$24.10

$3.31 B

0.15%

$0.04

0.89%

IDVSX - Profile

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return -6.6%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.19%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    International Advantage Portfolio
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Jun 11, 2018
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kristian Heugh

Fund Description

Under normal market conditions, the Adviser seeks to achieve the Fund’s investment objective by investing primarily in established companies on an international basis, with capitalizations within the range of companies included in the MSCI All Country World ex USA 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 seeks high quality established companies that the Adviser believes are undervalued at the time of purchase. The Adviser typically favors companies it believes have sustainable competitive advantages that can be monetized through growth. The investment process integrates analysis of sustainability with respect to disruptive change, financial strength, environmental and social externalities and governance (also referred to as ESG). The Adviser typically focuses a significant portion of the Fund’s investments in a limited number of issuers, which may be in the same industry, sector or geographic region. The Adviser generally considers selling a portfolio holding when it determines that the holding no longer satisfies its investment criteria.
The Adviser views incorporating ESG-related potential risks and opportunities within the investment process as important to ensure long-term stewardship of capital. Over extended time horizons, the Adviser believes that ESG risks are more likely to materialize and externalities not borne by the company are more likely to be priced into the value of securities. Since ESG risks could potentially impact the risk and reward profile of investment opportunities, the Adviser typically engages company management in constructive discussions on a range of ESG issues the Adviser deems materially important.
The Fund may invest in equity securities. The Fund may also invest in privately placed and restricted securities.
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-Hong Kong Stock Connect program (collectively, “Stock Connect”).
The Fund may invest in foreign securities, which may include emerging market securities. Under normal market conditions, the Fund typically invests at least 80% of its assets in the securities of issuers located outside of the United States. For purposes of maintaining exposure of at least 80% of the Fund’s assets to equity securities of issuers located or operating outside the United States,
the Fund may also invest in American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and other types of depositary receipts with respect to issuers located or operating outside the United States.
Read More

IDVSX - Performance

Return Ranking - Trailing

Period IDVSX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -6.8% 33.8% 51.31%
1 Yr 14.9% -1.7% 37.3% 29.32%
3 Yr -6.6%* -11.5% 7.3% 85.75%
5 Yr 5.0%* -2.2% 13.2% 53.71%
10 Yr N/A* 1.5% 9.3% 0.32%

* Annualized

Return Ranking - Calendar

Period IDVSX Return Category Return Low Category Return High Rank in Category (%)
2023 18.4% -0.4% 28.6% 17.28%
2022 -37.2% -49.5% -15.2% 94.20%
2021 12.1% -22.2% 19.3% 7.92%
2020 32.4% -3.7% 85.0% 13.14%
2019 29.9% -4.0% 45.1% 22.78%

Total Return Ranking - Trailing

Period IDVSX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -6.8% 33.8% 51.31%
1 Yr 14.9% -1.7% 37.3% 29.32%
3 Yr -6.6%* -11.5% 7.3% 85.75%
5 Yr 5.0%* -2.2% 13.2% 53.71%
10 Yr N/A* 1.5% 9.3% 0.32%

* Annualized

Total Return Ranking - Calendar

Period IDVSX Return Category Return Low Category Return High Rank in Category (%)
2023 18.5% 1.8% 28.6% 24.08%
2022 -34.4% -44.4% -11.0% 92.08%
2021 13.3% -20.6% 20.5% 11.75%
2020 32.5% 7.6% 97.1% 18.29%
2019 30.1% 0.5% 45.3% 32.91%

NAV & Total Return History

IDVSX - Holdings

Concentration Analysis

IDVSX Category Low Category High IDVSX % Rank
Net Assets 3.31 B 201 K 133 B 32.72%
Number of Holdings 34 4 1806 94.50%
Net Assets in Top 10 1.65 B 70.5 K 36.7 B 32.72%
Weighting of Top 10 55.40% 10.1% 99.9% 4.45%

Top 10 Holdings

  1. Hermes International SCA 8.60%
  2. DSV A/S 6.99%
  3. Moncler SpA 6.41%
  4. ASML Holding NV 6.09%
  5. Taiwan Semiconductor Manufacturing Co Ltd 5.36%
  6. Keyence Corp 5.08%
  7. MercadoLibre Inc 4.89%
  8. Spotify Technology SA 4.31%
  9. Straumann Holding AG 3.89%
  10. Canadian Pacific Kansas City Ltd 3.77%

Asset Allocation

Weighting Return Low Return High IDVSX % Rank
Stocks 		99.08% 89.22% 105.20% 19.63%
Cash 		1.58% 0.00% 19.02% 59.95%
Other 		0.01% -0.31% 3.89% 20.42%
Preferred Stocks 		0.00% 0.00% 10.21% 85.86%
Convertible Bonds 		0.00% 0.00% 2.45% 81.36%
Bonds 		0.00% 0.00% 0.03% 81.15%

Stock Sector Breakdown

Weighting Return Low Return High IDVSX % Rank
Consumer Cyclical 		27.20% 0.00% 46.28% 5.77%
Technology 		21.80% 1.51% 38.21% 19.95%
Financial Services 		14.88% 0.00% 38.62% 44.88%
Consumer Defense 		11.82% 0.00% 25.77% 31.23%
Industrials 		10.72% 0.68% 31.28% 83.99%
Utilities 		4.46% 0.00% 9.05% 3.15%
Healthcare 		4.13% 1.36% 29.58% 93.44%
Communication Services 		2.63% 0.00% 41.13% 70.87%
Basic Materials 		2.35% 0.00% 23.15% 87.93%
Real Estate 		0.00% 0.00% 6.64% 88.98%
Energy 		0.00% 0.00% 24.97% 93.18%

Stock Geographic Breakdown

Weighting Return Low Return High IDVSX % Rank
Non US 		74.99% 0.00% 99.95% 74.61%
US 		24.08% 0.00% 100.02% 24.35%

IDVSX - Expenses

Operational Fees

IDVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.01% 13.07% 65.79%
Management Fee 0.77% 0.00% 1.50% 62.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.03% 0.80% 54.87%

Sales Fees

IDVSX 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% 5.00% N/A

Trading Fees

IDVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 55.17%

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.

IDVSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 7.00% 149.00% 35.22%

IDVSX - Distributions

Dividend Yield Analysis

IDVSX Category Low Category High IDVSX % Rank
Dividend Yield 0.15% 0.00% 12.70% 74.28%

Dividend Distribution Analysis

IDVSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

IDVSX Category Low Category High IDVSX % Rank
Net Income Ratio -0.19% -1.69% 3.16% 76.72%

Capital Gain Distribution Analysis

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

Distributions History

View More +

IDVSX - Fund Manager Analysis

Managers

Kristian Heugh

Start Date

Tenure

Tenure Rank

Dec 28, 2010

11.43

11.4%

Kristian Heugh is the Head of the Global Opportunity team and leads Global and International investing for Counterpoint Global. He joined Morgan Stanley in 2001 and has been with financial industry since 2001. Previously, Kristian was a co-portfolio manager of an international equity strategy and a technology strategy while a member of the Global Research Group, working closely with the Counterpoint Global team. Prior to that, he was a technology analyst for MSIM’s Sector Rotation multi-cap growth strategies. Kristian received a B.A. in economics from Duke University and holds the Chartered Financial Analyst designation.

Wendy Wang

Start Date

Tenure

Tenure Rank

Oct 01, 2018

3.67

3.7%

Wendy Wang is an investor for the Global Opportunity team. She joined Morgan Stanley in 2012 and has been with financial industry since 2008. Prior to joining the firm, Wendy was a research associate for consumer and renewable energy sectors at CLSA and Yuanta. Previously, she was a corporate finance analyst at McKinsey & Company. Wendy received a B.B.A. in accounting and finance from the University of Hong Kong, Hong Kong and holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.94 7.77 20.01

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