Fund
MIOIX
Price as of:
$29.07
+ $0.02
+ 0.07%
Primary Theme
fund company
Name
As of 12/24/2024Price
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
Vitals
YTD Return
21.4%
1 yr return
22.7%
3 Yr Avg Return
-6.0%
5 Yr Avg Return
4.1%
Net Assets
$1.05 B
Holdings in Top 10
55.1%
52 WEEK LOW AND HIGH
$29.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.94%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 36.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
MIOIX - Profile
Distributions
- YTD Total Return 21.4%
- 3 Yr Annualized Total Return -6.0%
- 5 Yr Annualized Total Return 4.1%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio -0.70%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInternational Opportunity Portfolio
-
Fund Family NameMorgan Stanley Funds
-
Inception DateMar 31, 2010
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKristian Heugh
Fund Description
Under normal market conditions, the Adviser seeks to achieve the Fund’s investment objective by investing primarily in established and emerging 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 and emerging companies 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 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 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 of the United States. The Fund may invest in equity securities. The Fund may also invest in privately placed and restricted securities.
The Fund invests primarily in securities of companies located in Europe, Japan, Asia, the Pacific Basin, Latin America, the Middle East and Africa. The Fund may also invest in securities of companies located in the United States to a limited extent.
MIOIX - Performance
Return Ranking - Trailing
| Period | MIOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.4% | -5.9% | 31.9% | 3.16% |
| 1 Yr | 22.7% | -5.6% | 32.7% | 3.16% |
| 3 Yr | -6.0%* | -11.0% | 6.5% | 87.00% |
| 5 Yr | 4.1%* | -2.8% | 11.1% | 49.57% |
| 10 Yr | 9.3%* | 2.0% | 9.6% | 1.83% |
* Annualized
Return Ranking - Calendar
| Period | MIOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.1% | -0.4% | 28.6% | 4.21% |
| 2022 | -48.5% | -49.5% | -15.2% | 99.20% |
| 2021 | -7.3% | -22.2% | 19.3% | 85.75% |
| 2020 | 55.1% | -3.7% | 85.0% | 3.15% |
| 2019 | 35.2% | -4.0% | 45.1% | 7.30% |
Total Return Ranking - Trailing
| Period | MIOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.4% | -5.9% | 31.9% | 3.16% |
| 1 Yr | 22.7% | -5.6% | 32.7% | 3.16% |
| 3 Yr | -6.0%* | -11.0% | 6.5% | 87.00% |
| 5 Yr | 4.1%* | -2.8% | 11.1% | 49.57% |
| 10 Yr | 9.3%* | 2.0% | 9.6% | 1.83% |
* Annualized
Total Return Ranking - Calendar
| Period | MIOIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.1% | 1.8% | 28.6% | 6.84% |
| 2022 | -43.8% | -44.4% | -11.0% | 99.20% |
| 2021 | -5.2% | -20.6% | 20.5% | 96.16% |
| 2020 | 55.5% | 7.6% | 97.1% | 4.87% |
| 2019 | 35.2% | 0.5% | 45.3% | 8.57% |
NAV & Total Return History
MIOIX - Holdings
Concentration Analysis
| MIOIX | Category Low | Category High | MIOIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.05 B | 201 K | 133 B | 54.74% |
| Number of Holdings | 33 | 4 | 1806 | 92.63% |
| Net Assets in Top 10 | 435 M | 70.5 K | 36.7 B | 50.00% |
| Weighting of Top 10 | 55.10% | 10.1% | 99.9% | 3.68% |
Top 10 Holdings
- MercadoLibre Inc 7.78%
- DSV A/S 7.17%
- Coupang Inc 5.48%
- Trip.com Group Ltd 5.46%
- Hermes International SCA 5.11%
- Meituan 5.01%
- Schneider Electric SE 4.91%
- ICICI Bank Ltd 4.82%
- NU Holdings Ltd/Cayman Islands 4.71%
- Shopify Inc 4.65%
Asset Allocation
| Weighting | Return Low | Return High | MIOIX % Rank | |
|---|---|---|---|---|
| Stocks | 119.36% | 86.17% | 119.36% | 0.26% |
| Preferred Stocks | 0.00% | 0.00% | 10.21% | 41.05% |
| Other | 0.00% | -1.08% | 3.89% | 35.53% |
| Convertible Bonds | 0.00% | 0.00% | 2.45% | 19.79% |
| Cash | 0.00% | 0.00% | 19.02% | 95.00% |
| Bonds | 0.00% | 0.00% | 0.03% | 19.47% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MIOIX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 41.53% | 0.00% | 46.28% | 0.79% |
| Technology | 20.88% | 1.51% | 38.21% | 22.96% |
| Financial Services | 15.69% | 0.00% | 38.62% | 42.48% |
| Communication Services | 11.35% | 0.00% | 41.13% | 6.60% |
| Industrials | 6.85% | 0.68% | 31.28% | 92.08% |
| Consumer Defense | 2.36% | 0.00% | 25.77% | 93.14% |
| Healthcare | 1.36% | 1.36% | 29.58% | 98.68% |
| Utilities | 0.00% | 0.00% | 9.05% | 59.63% |
| Real Estate | 0.00% | 0.00% | 6.64% | 56.99% |
| Energy | 0.00% | 0.00% | 24.97% | 76.25% |
| Basic Materials | 0.00% | 0.00% | 23.15% | 94.20% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MIOIX % Rank | |
|---|---|---|---|---|
| Non US | 71.59% | 0.00% | 100.55% | 81.32% |
| US | 47.77% | 0.00% | 100.02% | 3.95% |
MIOIX - Expenses
Operational Fees
| MIOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.94% | 0.01% | 10.12% | 58.73% |
| Management Fee | 0.79% | 0.00% | 1.50% | 66.58% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.08% | 0.03% | 0.80% | 46.43% |
Sales Fees
| MIOIX 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
| MIOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 0.25% | 2.00% | 14.29% |
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.
| MIOIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 36.00% | 7.00% | 149.00% | 64.37% |
MIOIX - Distributions
Dividend Yield Analysis
| MIOIX | Category Low | Category High | MIOIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.15% | 0.00% | 12.70% | 82.32% |
Dividend Distribution Analysis
| MIOIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MIOIX | Category Low | Category High | MIOIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.70% | -1.69% | 3.16% | 93.62% |
Capital Gain Distribution Analysis
| MIOIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2024 | $0.044 | OrdinaryDividend |
| Dec 16, 2022 | $1.831 | CapitalGainLongTerm |
| Dec 17, 2021 | $0.820 | CapitalGainLongTerm |
| Dec 16, 2020 | $0.100 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.002 | CapitalGainLongTerm |
| Jul 06, 2018 | $0.012 | CapitalGainShortTerm |
| Jul 06, 2018 | $0.035 | CapitalGainLongTerm |
| Dec 18, 2017 | $0.015 | CapitalGainShortTerm |
| Dec 18, 2017 | $0.321 | CapitalGainLongTerm |
| Jul 07, 2017 | $0.031 | CapitalGainLongTerm |
| Jul 05, 2016 | $0.002 | OrdinaryDividend |
| Dec 16, 2015 | $0.015 | CapitalGainShortTerm |
| Dec 16, 2015 | $0.152 | CapitalGainLongTerm |
| Jul 02, 2015 | $0.032 | OrdinaryDividend |
| Jul 02, 2015 | $0.276 | CapitalGainLongTerm |
| Dec 16, 2014 | $0.112 | CapitalGainShortTerm |
| Dec 16, 2014 | $0.130 | CapitalGainLongTerm |
| Jul 02, 2014 | $0.007 | OrdinaryDividend |
| Jul 02, 2014 | $0.040 | CapitalGainLongTerm |
| Dec 16, 2013 | $0.086 | OrdinaryDividend |
| Dec 16, 2013 | $0.277 | CapitalGainLongTerm |
| Jul 02, 2013 | $0.004 | OrdinaryDividend |
| Dec 17, 2012 | $0.070 | OrdinaryDividend |
| Dec 16, 2011 | $0.079 | OrdinaryDividend |
| Dec 16, 2011 | $0.094 | CapitalGainShortTerm |
| Dec 16, 2011 | $0.386 | CapitalGainLongTerm |
| Jul 07, 2011 | $0.025 | OrdinaryDividend |
MIOIX - Fund Manager Analysis
Managers
Kristian Heugh
Start Date
Tenure
Tenure Rank
Mar 31, 2010
12.18
12.2%
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 |
|---|---|---|---|
| 0.08 | 26.94 | 7.78 | 20.01 |