EMSPX — Emerging Markets Breakout Nations Portfolio
Data updated: 2020-08-27
EMSPX — Emerging Markets Breakout Nations Portfolio. Japan Blend / Core Equity · $4.31M AUM. Holdings, fees, performance and SEC filings.
EMSPX Fund Overview
EMSPX — Emerging Markets Breakout Nations Portfolio is a US mutual fund managed by Morgan Stanley Institutional Fund INC, categorised as Japan Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Morgan Stanley Institutional Fund INC
- Category: Japan Blend / Core Equity
- Assets under management: $4.31M
- 1-year return: -20.0%
- Ticker: EMSPX
- SEC CIK: 0000836487
- SEC series ID: S000055820
- Share class ID: C000175776
EMSPX Investment Objective and Strategy
Emerging Markets Breakout Nations Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Morgan Stanley Institutional Fund INC.
Investment objective
"The Emerging Markets Breakout Nations Portfolio (the ""Fund"") seeks long-term capital appreciation."
Principal investment strategy
"The Adviser seeks to maximize returns by investing primarily in equity securities in emerging markets, which include frontier emerging markets. The Adviser's investment approach combines top-down country allocation with bottom-up stock selection. The Adviser allocates the Fund's assets among emerging markets based on relative economic, political and social fundamentals, stock valuations and investor sentiment. To manage risk, the Adviser emphasizes macroeconomic and fundamental research. The investment process takes into account information about environmental, social and governance issues (also referred to as ESG) when making investment decisions. The Adviser focuses on engaging company management around corporate governance practices as well as what the Adviser deems to be materially important environmental and/or social issues facing a company.
Under normal circumstances, at least 80% of the Fund's assets will be invested in equity securities of issuers located in emerging market countries, which include frontier emerging market countries. This policy may be changed without shareholder approval; however, you would be notified upon 60 days' notice in writing of any changes. 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 banking industry. The Adviser generally considers selling an investment when it determines the company no longer satisfies its investment criteria. Emerging market or developing countries are countries that major international financial institutions or the Fund's benchmark index generally consider to be less economically mature than developed nations, such as the United States or most nations in Western Europe.
Emerging market or developing countries can include every nation in the world except the United States, Canada, Japan, Australia, New Zealand and most countries located in Western Europe. 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. The Fund may invest in equity securities of companies operating in frontier emerging market countries that exist now and/or in the future. Under normal circumstances, no more than 30% of the Fund's total assets, determined at the time of investment, will be invested in equity securities of issuers located in frontier emerging market countries.
The equity securities in which the Fund may primarily invest include common and preferred stocks, convertible securities and equity-linked securities, rights, warrants, depositary receipts, limited partnership interests and other specialty securities having equity features. The Fund may invest in American Depositary Receipts (""ADRs""), Global Depositary Receipts (""GDRs"") and other types of depositary receipts with respect to companies operating in emerging market and frontier emerging market countries and securities of other open- and closed-end investment companies, including exchange-traded funds (""ETFs""). The Fund may hold or have exposure to equity securities of companies in any industry or sector. The Fund may, but it is not required to, use derivative instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income.
The Fund's use of derivatives may involve the purchase and sale of derivative instruments such as futures, options, swaps, contracts for difference (""CFDs""), structured investments and other related instruments and techniques. The Fund may utilize foreign currency forward exchange contracts, which are also derivatives, in connection with its investments in foreign securities. Derivative instruments used by the Fund will be counted toward the Fund's 80% policy discussed above to the extent they have economic characteristics similar to the securities included within that policy."
EMSPX Performance
Total returns for EMSPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -20.0% |
EMSPX Risk Information
Risk metrics for EMSPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 30.0%
EMSPX Costs and Fees
EMSPX costs about $114 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.14%
- Gross expense ratio: 24.36%
- Portfolio turnover: 26%
- Brokerage commissions: 9.78 bps of average net assets (SEC N-CEN)
EMSPX Cashflows
Over the 12 months to 2020-06, Emerging Markets Breakout Nations Portfolio had net inflows of $44.03K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | $0 |
| 2020-05 | $0 |
| 2020-04 | $0 |
| 2020-03 | $0 |
| 2020-02 | $0 |
| 2020-01 | $0 |
EMSPX Debt Constituents
No individual debt constituents are reported in Emerging Markets Breakout Nations Portfolio's latest SEC N-PORT filing.
EMSPX Prospectus and SEC Filings
Official Emerging Markets Breakout Nations Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-20
- Prospectus (485BPOS) — filed 2019-05-17
- Prospectus (485BPOS) — filed 2018-05-17
- Portfolio holdings (N-PORT) — filed 2020-08-27
- Portfolio holdings (N-PORT) — filed 2020-05-27
- Portfolio holdings (N-PORT) — filed 2020-02-25
- Annual census (N-CEN) — filed 2020-03-13
- Annual census (N-CEN) — filed 2019-03-18
Related Funds
Other Japan Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.