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Morningstar

Morgan Stanley Mortgage Securities A MTGAX

Morningstar Medalist Rating
Medalist Rating as of | See Morgan Stanley Investment Hub
  • NAV / 1-Day Return 7.32  /  0.56 %
  • Total Assets 267.1 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.34%
  • Effective Duration 4.51 years

USD | NAV as of Oct 04, 2023 | 1-Day Return as of Oct 04, 2023, 10:17 PM GMT+0

Morningstar’s Analysis MTGAX

Will MTGAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MTGAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MTGAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of MTGAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Morgan Stanley Mortgage Securities A's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MTGAX

More MTGAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 514
  • Other Holdings 8
  • % Assets in Top 10 Holdings 43.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us 5yr Note (Cbt) Sep23 Xcbt 20230929

20.44
84,389,875
Government

Future on 2 Year Treasury Note

12.21
50,429,250
Government

Future on 10 Year Treasury Note

1.93
7,970,859
Government

Federal National Mortgage Association 5.5%

1.93
7,964,056
Securitized

United States Treasury Bills 0.01%

1.91
7,867,239
Government

Federal National Mortgage Association 4%

1.59
6,569,608
Securitized

Federal National Mortgage Association 5%

1.42
5,880,235
Securitized

Federal National Mortgage Association 4.5%

1.40
5,767,502
Securitized

United States Treasury Bills 0.01%

1.19
4,911,921
Government

United States Treasury Bills 0.01%

1.19
4,902,250
Government