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Name

As of 12/24/2024

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

Developing Opportunity Portfolio

MDODX | Fund

$10.33

$35.4 M

0.79%

$0.08

29.92%

Vitals

YTD Return

20.1%

1 yr return

23.0%

3 Yr Avg Return

-3.8%

5 Yr Avg Return

N/A

Net Assets

$35.4 M

Holdings in Top 10

54.2%

52 WEEK LOW AND HIGH

$10.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 29.92%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 64.00%

Redemption Fee 2.00%

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

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

Developing Opportunity Portfolio

MDODX | Fund

$10.33

$35.4 M

0.79%

$0.08

29.92%

MDODX - Profile

Distributions

  • YTD Total Return 20.1%
  • 3 Yr Annualized Total Return -3.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.69%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Developing Opportunity Portfolio
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Feb 19, 2020
  • 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 equity securities of issuers located or operating in developing or emerging market countries, with capitalizations within the range of companies included in the MSCI Emerging Markets Net Index. For purposes of this prospectus, “developing markets,” “developing market countries,” “emerging markets” and “emerging market countries” and similar terms are used interchangeably but refer to the same underlying markets and countries.
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 companies within developing markets that the Adviser believes are  undervalued at the time of purchase. Fundamental research drives the investment process. 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 also invest in privately placed and restricted securities.
Under normal market conditions, at least 80% of the Fund’s assets will be invested in equity securities of issuers located or operating in developing markets. This policy may be changed without shareholder approval; however, you would be notified upon 60 days’ notice in writing of any changes.  
For purposes of the Fund’s 80% policy, developing market countries will include frontier emerging market countries. The term “frontier emerging markets” refers to those emerging market countries outside the “mainstream” emerging markets, whose capital markets have traditionally been difficult for foreign investors to enter or are in early stages of capital market and/or economic development. The countries that comprise frontier emerging markets may change from time to time.
For purposes of maintaining exposure of at least 80% of the Fund’s assets to equity securities of issuers located or operating in developing markets, 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 in developing markets.  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”).
Read More

MDODX - Performance

Return Ranking - Trailing

Period MDODX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.1% -14.1% 34.9% 1.57%
1 Yr 23.0% -12.7% 33.6% 1.14%
3 Yr -3.8%* -11.2% 10.6% 68.09%
5 Yr N/A* -6.5% 10.6% N/A
10 Yr N/A* -1.6% 8.6% N/A

* Annualized

Return Ranking - Calendar

Period MDODX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -6.5% 35.5% 81.17%
2022 -30.3% -50.1% -2.4% 85.13%
2021 -18.7% -33.1% 22.5% 94.07%
2020 N/A -22.1% 80.1% N/A
2019 N/A -0.7% 42.0% N/A

Total Return Ranking - Trailing

Period MDODX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.1% -14.1% 34.9% 1.57%
1 Yr 23.0% -12.7% 33.6% 1.14%
3 Yr -3.8%* -11.2% 10.6% 68.09%
5 Yr N/A* -6.5% 10.6% N/A
10 Yr N/A* -1.6% 8.6% N/A

* Annualized

Total Return Ranking - Calendar

Period MDODX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -1.0% 42.0% 92.15%
2022 -30.3% -42.2% 1.9% 90.72%
2021 -18.7% -32.5% 33.1% 99.22%
2020 N/A -20.0% 81.6% N/A
2019 N/A 2.3% 42.0% N/A

NAV & Total Return History

MDODX - Holdings

Concentration Analysis

MDODX Category Low Category High MDODX % Rank
Net Assets 35.4 M 682 K 111 B 87.32%
Number of Holdings 31 9 7534 98.72%
Net Assets in Top 10 19.3 M 290 K 23.8 B 83.05%
Weighting of Top 10 54.15% 2.9% 101.1% 3.99%

Top 10 Holdings

  1. MercadoLibre Inc 7.46%
  2. Meituan 6.39%
  3. Coupang Inc 6.38%
  4. Trip.com Group Ltd 6.09%
  5. ICICI Bank Ltd 5.81%
  6. Taiwan Semiconductor Manufacturing Co Ltd 4.65%
  7. HDFC Bank Ltd 4.52%
  8. NU Holdings Ltd/Cayman Islands 4.51%
  9. Zomato Ltd 4.44%
  10. Kweichow Moutai Co Ltd 3.91%

Asset Allocation

Weighting Return Low Return High MDODX % Rank
Stocks 		97.01% 0.00% 105.03% 56.98%
Cash 		3.78% -2.03% 98.08% 16.10%
Preferred Stocks 		0.00% 0.00% 13.31% 95.44%
Other 		0.00% -1.11% 39.53% 88.75%
Convertible Bonds 		0.00% 0.00% 7.40% 88.09%
Bonds 		0.00% 0.00% 95.13% 88.89%

Stock Sector Breakdown

Weighting Return Low Return High MDODX % Rank
Financial Services 		31.38% 0.00% 48.86% 3.17%
Consumer Cyclical 		28.06% 0.00% 48.94% 1.44%
Communication Services 		12.88% 0.00% 39.29% 12.41%
Technology 		11.72% 0.00% 47.50% 93.80%
Consumer Defense 		7.96% 0.00% 25.90% 27.42%
Real Estate 		3.33% 0.00% 17.15% 15.01%
Basic Materials 		3.29% 0.00% 30.03% 85.14%
Industrials 		1.38% 0.00% 43.53% 94.81%
Utilities 		0.00% 0.00% 39.12% 97.26%
Healthcare 		0.00% 0.00% 16.53% 99.57%
Energy 		0.00% 0.00% 24.80% 98.41%

Stock Geographic Breakdown

Weighting Return Low Return High MDODX % Rank
Non US 		51.74% 0.00% 100.52% 97.58%
US 		45.27% 0.00% 100.95% 1.57%

MDODX - Expenses

Operational Fees

MDODX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 29.92% 0.03% 29.98% 0.29%
Management Fee 0.90% 0.00% 2.00% 57.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.85% 45.75%

Sales Fees

MDODX 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

MDODX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 75.93%

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.

MDODX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.00% 0.00% 189.00% 69.07%

MDODX - Distributions

Dividend Yield Analysis

MDODX Category Low Category High MDODX % Rank
Dividend Yield 0.79% 0.00% 9.74% 98.72%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MDODX Category Low Category High MDODX % Rank
Net Income Ratio -0.69% -1.98% 17.62% 92.60%

Capital Gain Distribution Analysis

MDODX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Quarterly

Distributions History

View More +

MDODX - Fund Manager Analysis

Managers

Kristian Heugh

Start Date

Tenure

Tenure Rank

Feb 14, 2020

2.29

2.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.68 13.42

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