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Name

As of 10/31/2024

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

Global Infrastructure Portfolio

MTIIX | Fund

$13.45

$263 M

0.18%

$0.02

1.20%

Vitals

YTD Return

13.6%

1 yr return

26.2%

3 Yr Avg Return

2.9%

5 Yr Avg Return

4.7%

Net Assets

$263 M

Holdings in Top 10

47.6%

52 WEEK LOW AND HIGH

$13.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 61.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/31/2024

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

Global Infrastructure Portfolio

MTIIX | Fund

$13.45

$263 M

0.18%

$0.02

1.20%

MTIIX - Profile

Distributions

  • YTD Total Return 13.6%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.95%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Global Infrastructure Portfolio
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Sep 20, 2010
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew King

Fund Description

The Adviser seeks to provide both capital appreciation and income by investing primarily in equity securities issued by companies located throughout the world that are engaged in the infrastructure business. Using internal proprietary research, the Adviser seeks to identify public infrastructure companies that are believed to offer the best value relative to their underlying assets and growth prospects.
The Fund normally invests at least 80% of its assets in equity securities issued by companies located throughout the world that are engaged in the infrastructure business. This policy may be changed without shareholder approval; however, you would be notified upon 60 days’ notice in writing of any changes. A company is considered to be in the infrastructure business if it derives at least 50% of its revenues or earnings from, or devotes at least 50% of its assets to, infrastructure-related activities. Infrastructure refers to the systems and networks of energy, transportation, communication, utilities and other services required for the normal function of society. Companies in the infrastructure business may be involved in a variety of areas, including, but not limited to, (i) the transmission, distribution, storage or transportation of electricity, oil and gas (and other bulk liquid products), water, and other
natural resources used to produce energy, (ii) the construction and operation of renewable power facilities, (iii) the development, ownership, lease, concession, or management of highways, toll roads, tunnels, bridges, pipelines, airports, marine ports, refueling and related facilities, (iv) the provision of communications, including the development, lease, concession, or management of telephone, broadcast and mobile towers, fiber optic/copper cable, and satellite networks, (v) waste-water management, water purification/desalination, and other waste operations and (vi) the construction or operation of essential public structures. The Fund’s equity investments may include real estate investment trusts (“REITs”) and convertible securities. The Fund’s investments may include securities of small and medium capitalization companies. The Fund may invest up to 100% of its total assets in foreign securities, which may include emerging market securities. Under normal market conditions, the Fund typically invests at least the lesser of (i) 40% of its total assets in the securities of issuers located outside of the United States or (ii) an amount of its total assets equal to the approximate percentage of issuers located outside of the United States included in the Dow Jones Brookfield Global Infrastructure IndexSM, unless the Adviser determines, in its sole discretion, that conditions are not favorable. If the Adviser determines that conditions are not favorable, the Fund may invest under 40% of its total assets in the securities of issuers located outside of the United States, provided that the Fund will not invest less than 30% of its total assets in such securities except for temporary defensive purposes. In addition, under normal market conditions, the Fund invests in the securities of issuers from at least three different countries, which may include the United States.
When deemed by the Adviser to be relevant to its evaluation of a company’s financial performance and when applicable information is available, the Adviser considers financially material environmental, social and/or governance issues (referred to as ESG) which may impact the prospects of an issuer or long-term stock price performance of a company. When considered, one or more ESG issues are taken into account alongside other factors in the investment decision-making process and are not the sole determinant of whether an investment can be made or will remain in the Fund’s portfolio.
The Fund’s Adviser shifts the Fund’s assets between the different types of companies in the infrastructure business described above based on relative valuation, underlying company fundamentals, and demographic and macroeconomic considerations. The Fund has a fundamental policy (i.e., one that cannot be changed without shareholder approval) of investing 25% or more of its total assets in the infrastructure industry.
In selecting securities to buy, hold or sell for the Fund, the Adviser actively manages the Fund using a combination of bottom-up and top-down methodologies. The value-driven approach to bottom-up security selection utilizes proprietary research models to identify infrastructure companies that offer the best value relative to their underlying assets and growth prospects. The top-down allocation provides exposure to major economic infrastructure sectors and countries, with an overweighting to those sectors/countries that offer the best relative valuation. The Adviser generally considers selling a portfolio holding when it determines that the holding no longer satisfies its investment criteria.
Read More

MTIIX - Performance

Return Ranking - Trailing

Period MTIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.6% -3.0% 23.2% 28.00%
1 Yr 26.2% 15.1% 42.0% 35.00%
3 Yr 2.9%* -11.3% 14.7% 54.00%
5 Yr 4.7%* -1.5% 20.0% 60.98%
10 Yr 4.9%* 2.1% 8.8% 52.94%

* Annualized

Return Ranking - Calendar

Period MTIIX Return Category Return Low Category Return High Rank in Category (%)
2023 0.9% -17.5% 30.1% 55.00%
2022 -22.9% -28.1% -3.4% 94.00%
2021 5.4% -28.7% 35.7% 78.95%
2020 -5.8% -12.5% 28.8% 67.47%
2019 24.1% 9.9% 33.6% 28.05%

Total Return Ranking - Trailing

Period MTIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.6% -3.0% 23.2% 28.00%
1 Yr 26.2% 15.1% 42.0% 35.00%
3 Yr 2.9%* -11.3% 14.7% 54.00%
5 Yr 4.7%* -1.5% 20.0% 60.98%
10 Yr 4.9%* 2.1% 8.8% 52.94%

* Annualized

Total Return Ranking - Calendar

Period MTIIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -15.6% 31.0% 48.00%
2022 -8.4% -27.1% -0.5% 66.00%
2021 14.1% -3.5% 36.4% 51.58%
2020 -1.5% -11.2% 29.9% 45.78%
2019 27.9% 16.7% 35.3% 46.34%

NAV & Total Return History

MTIIX - Holdings

Concentration Analysis

MTIIX Category Low Category High MTIIX % Rank
Net Assets 263 M 1.83 M 8.77 B 41.00%
Number of Holdings 58 26 233 23.00%
Net Assets in Top 10 113 M 823 K 5.05 B 41.00%
Weighting of Top 10 47.55% 7.6% 62.5% 34.00%

Top 10 Holdings

  1. National Grid PLC 7.50%
  2. American Tower Corp 7.47%
  3. GFL Environmental Inc 6.07%
  4. Enbridge Inc 4.78%
  5. ONEOK Inc 4.23%
  6. Pembina Pipeline Corp 3.93%
  7. Sempra 3.71%
  8. Grupo Aeroportuario del Pacifico SAB de CV 3.40%
  9. Targa Resources Corp 3.39%
  10. TC Energy Corp 3.06%

Asset Allocation

Weighting Return Low Return High MTIIX % Rank
Stocks 		99.05% 86.92% 101.95% 22.00%
Cash 		3.36% 0.00% 8.05% 20.00%
Other 		0.81% -0.33% 8.99% 14.00%
Preferred Stocks 		0.00% 0.00% 2.81% 31.00%
Convertible Bonds 		0.00% 0.00% 2.46% 28.00%
Bonds 		0.00% 0.00% 6.41% 29.00%

Stock Sector Breakdown

Weighting Return Low Return High MTIIX % Rank
Utilities 		35.88% 3.71% 96.19% 69.00%
Energy 		25.10% 0.00% 32.46% 19.00%
Industrials 		21.00% 0.00% 68.24% 57.00%
Real Estate 		12.47% 0.00% 23.51% 25.00%
Communication Services 		5.56% 0.00% 27.53% 25.00%
Technology 		0.00% 0.00% 25.65% 65.00%
Healthcare 		0.00% 0.00% 6.54% 30.00%
Financial Services 		0.00% 0.00% 17.28% 34.00%
Consumer Defense 		0.00% 0.00% 0.99% 31.00%
Consumer Cyclical 		0.00% 0.00% 10.02% 33.00%
Basic Materials 		0.00% 0.00% 25.54% 42.00%

Stock Geographic Breakdown

Weighting Return Low Return High MTIIX % Rank
US 		54.84% 2.02% 99.99% 34.00%
Non US 		44.21% 0.00% 97.23% 56.00%

MTIIX - Expenses

Operational Fees

MTIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.30% 21.87% 57.00%
Management Fee 0.85% 0.30% 1.00% 57.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.04% 0.15% 47.06%

Sales Fees

MTIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

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

MTIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 61.00% 13.00% 128.00% 55.70%

MTIIX - Distributions

Dividend Yield Analysis

MTIIX Category Low Category High MTIIX % Rank
Dividend Yield 0.18% 0.00% 5.50% 15.00%

Dividend Distribution Analysis

MTIIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

MTIIX Category Low Category High MTIIX % Rank
Net Income Ratio 1.95% -0.39% 4.38% 29.17%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MTIIX - Fund Manager Analysis

Managers

Matthew King

Start Date

Tenure

Tenure Rank

Sep 20, 2010

11.7

11.7%

Matthew ("Matt") King joined Morgan Stanley in 2008 and has been with financial industry since 2000. He is a Managing Director at Morgan Stanley Investment Management and since joining the firm, continues to be Portfolio Manager for the Global Infrastructure Securities Strategy, where he is responsible for primary, day-to-day management of the portfolios as well as directing the team’s sector and company research. Previously, Matt worked at Bear Stearns in a variety of roles including investment banking and research, during which time he provided research and analytical support for a number of infrastructure-related financings. Matt received a B.A. magna cum laude in diplomacy and world affairs from Occidental College, and an MBA with honors from Columbia Business School.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 18.18 5.98 8.08

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