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MPLDX Morgan Stanley Inst Short Dur Inc I

  • Fund
  • MPLDX
  • Price as of: Jun 05, 2019
  • $8.20 - $0.00 - 0.00%
  • Category
  • Total Bond Market

MPLDX - Profile

Vitals

  • YTD Return 1.1%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return 0.9%
  • Net Assets $246 M
  • Holdings in Top 10 15.1%

52 WEEK LOW AND HIGH

$8.20
$8.08
$8.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 40.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000,000

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.13%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Morgan Stanley Institutional Fund Trust Short Duration Income Portfolio
  • Fund Family Name Morgan Stanley
  • Inception Date Mar 31, 1992
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Neil Stone

Fund Description

The Oppenheimer SteelPath MLP Income Fund Class A (MLPDX) is an actively managed fund that focuses on the master limited partnership (MLP) segment of the energy sector. The fund uses fundamental analysis to identify U.S. midstream pipeline MLPs that have strong projected distribution growth and high current distributions. MLPDX overweights MLPs with those attributes but that are trading for discounts to their potential values.

Given its narrow focus on one small segment of the energy sector, MLPDX is suitable as a small satellite position. The fund is managed by Oppenheimer Funds.

MPLDX - Performance

Return Ranking - Trailing

Period MPLDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -3.3% 10.0% 89.54%
1 Yr 1.1% -16.1% 6.8% 67.30%
3 Yr 1.4%* -4.3% 44.5% 4.76%
5 Yr 0.9%* -6.2% 23.5% 1.41%
10 Yr 0.8%* -7.3% 15.9% 43.38%

* Annualized


Return Ranking - Calendar

Period MPLDX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.1% -22.2% 3.1% 2.97%
2017 0.0% -5.1% 25.1% 77.38%
2016 6.3% -8.5% 192.8% 2.70%
2015 -1.7% -33.0% 3.0% 31.17%
2014 0.0% -29.8% 32.1% 56.56%

Total Return Ranking - Trailing

Period MPLDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -3.3% 10.5% 82.21%
1 Yr 3.0% -16.1% 9.6% 42.48%
3 Yr 3.3%* -4.3% 49.7% 5.11%
5 Yr 2.7%* -3.8% 28.8% 5.35%
10 Yr 2.7%* -7.3% 18.7% 17.47%

* Annualized


Total Return Ranking - Calendar

Period MPLDX Return Category Return Low Category Return High Rank in Category (%)
2018 2.1% -22.2% 7.9% 1.01%
2017 1.9% -4.6% 25.1% 36.24%
2016 8.4% -4.1% 204.3% 2.14%
2015 -0.1% -32.4% 4.2% 12.09%
2014 1.4% -29.8% 32.1% 52.24%

NAV & Total Return History

MPLDX - Holdings

Concentration Analysis

MPLDX Category Low Category High MPLDX % Rank
Net Assets 246 M 337 K 218 B 79.29%
Number of Holdings 397 3 17333 58.69%
Net Assets in Top 10 8.88 M -1.98 B 29.3 B 92.54%
Weighting of Top 10 15.05% 4.0% 1535.2% 75.08%

Top 10 Holdings

  1. US 2 Year Note (CBT) June19 5.61%

  2. United States Treasury Notes 2.54% 2.20%

  3. Jackson National Life Global Funding 2.2% 1.05%

  4. Private Export Funding Corp. 1.45% 0.99%

  5. HSBC Holdings plc 3.4% 0.98%

  6. Apple Inc. 0% 0.95%

  7. Takeda Pharmaceutical Company Limited 4% 0.94%

  8. Wells Fargo Bank, National Association 3.62% 0.84%

  9. Seven & I Holdings Co Ltd 3.35% 0.76%

  10. Danske Bank A/S 1.65% 0.73%


Asset Allocation

Weighting Return Low Return High MPLDX % Rank
Bonds
80.59% -248.60% 340.77% 90.61%
Cash
17.78% -246.66% 358.29% 7.53%
Convertible Bonds
1.63% 0.00% 18.42% 12.19%
Stocks
0.00% -0.99% 97.68% 76.35%
Preferred Stocks
0.00% 0.00% 20.33% 81.21%
Other
0.00% -98.75% 57.15% 74.02%

Bond Sector Breakdown

Weighting Return Low Return High MPLDX % Rank
Corporate
57.64% 0.00% 128.48% 11.55%
Securitized
25.05% 0.00% 102.58% 67.96%
Cash & Equivalents
4.39% -547.52% 359.78% 40.32%
Municipal
0.08% 0.00% 102.07% 56.07%
Derivative
0.00% -207.30% 299.06% 65.89%
Government
-2.93% -91.96% 178.24% 96.46%

Bond Geographic Breakdown

Weighting Return Low Return High MPLDX % Rank
US
61.31% -245.97% 218.41% 86.94%
Non US
19.28% -108.37% 122.36% 21.12%

MPLDX - Expenses

Operational Fees

MPLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.00% 38.42% 84.88%
Management Fee 0.20% 0.00% 2.15% 8.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.00% 0.63% 39.86%

Sales Fees

MPLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

MPLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Turnover 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.

MPLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 0.00% 2337.00% 19.45%

MPLDX - Distributions

Dividend Yield Analysis

MPLDX Category Low Category High MPLDX % Rank
Dividend Yield 0.02% 0.00% 6.64% 70.44%

Dividend Distribution Analysis

MPLDX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

MPLDX Category Low Category High MPLDX % Rank
Net Income Ratio 2.13% -2.82% 7.22% 64.42%

Capital Gain Distribution Analysis

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

MPLDX - Managers

Neil Stone

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2011

8.33

8.3%

Neil is a member of the Fixed Income team. He joined Morgan Stanley Investment Management in 1995 and has 31 years of investment experience. Previously, he served as a vice president in mortgage research at Morgan Stanley. Prior to joining the firm, Neil was a director of fixed income research at Credit Suisse First Boston. He received a B.S. in accounting and decision sciences and an M.B.A. in social systems sciences from the Wharton School of the University of Pennsylvania.


Matthew C. Dunning

Manager

Start Date

Tenure

Tenure Rank

Oct 03, 2014

4.66

4.7%

Matt is a portfolio manager on the Global Fixed Income team. He re-joined Morgan Stanley in 2014 and has 22 years of investment experience. Prior to re-joining the firm, Matt managed the Municipal Valuation Rates group and was a senior taxable municipal bond analyst for the BVAL group at Bloomberg. Previously, he worked for the Customized Fixed Income group at MSIM (formerly Miller, Anderson & Sherred) in trading and portfolio management roles. Matt received a B.A. in business management and business administration from Lycoming College and an M.B.A. in financial institutions management from St. Joseph's University


Eric Jesionowski

Manager

Start Date

Tenure

Tenure Rank

May 27, 2015

4.01

4.0%

Eric is a member of the Fixed Income team. He joined Morgan Stanley in 1997 and has 21 years of investment experience. Prior to joining the firm, Eric worked at SEI Corporation. He received a B.S. in business administration from Rider University.


Tenure Analysis

Category Low

0.0

Category High

30.43

Category Average

6.96

Category Mode

7.04