GLCAX — Global Counterpoint Portfolio
Data updated: 2024-08-23
GLCAX — Global Counterpoint Portfolio. Global (incl. US) Mid Cap Blend / Core Equity · $10.04M AUM. Holdings, fees, performance and SEC filings.
GLCAX Fund Overview
GLCAX — Global Counterpoint Portfolio is a US mutual fund managed by Morgan Stanley Institutional Fund INC, categorised as Global (incl. US) Mid Cap 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: Global (incl. US) Mid Cap Blend / Core Equity
- Assets under management: $10.04M
- 1-year return: 12.2%
- Ticker: GLCAX
- SEC CIK: 0000836487
- SEC series ID: S000059877
- Share class ID: C000195878
GLCAX Investment Objective and Strategy
Global Counterpoint 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 Global Counterpoint Portfolio (the ""Fund"") seeks long-term capital appreciation."
Principal investment strategy
Under normal market conditions, the Adviser seeks to achieve the Fund's investment objective by investing primarily in established and emerging companies located throughout the world, with capitalizations within the range of companies included in the MSCI All Country World Index. The MSCI All Country World Index is a free float-adjusted market capitalization weighted index designed to measure the equity market performance of developed and emerging markets. The portfolio managers will collaborate on an ongoing basis and will allocate and rebalance the Fund's assets across each manager's underlying and independently managed investment strategies on an opportunistic basis given current market conditions. The Fund may invest outside of these underlying and independently managed investment strategies to the extent such investments fit within the permissible investment universe of the Fund.
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 to invest in companies with strong name recognition and sustainable competitive advantages. The Adviser typically favors companies with rising returns on invested capital, above-average business visibility, strong free cash flow generation and an attractive risk/reward. The Adviser generally considers selling a portfolio holding when it determines that the holding no longer satisfies its investment criteria. The Fund may invest in foreign securities, which may include emerging market securities. Under normal market conditions, the Fund invests at least 40% of its total assets in the securities of issuers located outside of the United States.
The Fund may invest in equity securities.
GLCAX Holdings
Top 10 holdings of Global Counterpoint Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Cloudflare Inc | 8.94% |
| Tesla Inc | 5.98% |
| Carvana Co | 4.02% |
| MicroStrategy Inc | 3.90% |
| Morgan Stanley & Co. LLC | 3.22% |
| Arbutus Biopharma Corp | 3.14% |
| agilon health Inc | 2.70% |
| XOMA Corp | 2.56% |
| Global-e Online Ltd | 2.36% |
| Royalty Pharma PLC | 2.33% |
GLCAX Portfolio Allocation
Asset-class allocation of Global Counterpoint Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.3% |
| Cash & Equivalents | 3.2% |
| Derivatives | 0.1% |
GLCAX Performance
Total returns for GLCAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.2% |
| 3 years (annualised) | -14.2% |
| 5 years (annualised) | 5.3% |
GLCAX Risk Information
Risk metrics for GLCAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 28.2%
GLCAX Costs and Fees
GLCAX costs about $140 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.40%
- Gross expense ratio: 6.49%
- Portfolio turnover: 55%
- Brokerage commissions: 4.58 bps of average net assets (SEC N-CEN)
GLCAX Cashflows
Over the 12 months to 2024-06, Global Counterpoint Portfolio had net outflows of $793.61K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$86.24K |
| 2024-05 | −$20.35K |
| 2024-04 | −$235.75K |
| 2024-03 | −$68.22K |
| 2024-02 | −$55.17K |
| 2024-01 | −$1.02K |
GLCAX Debt Constituents
No individual debt constituents are reported in Global Counterpoint Portfolio's latest SEC N-PORT filing.
GLCAX Prospectus and SEC Filings
Official Global Counterpoint Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-29
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus supplement (497) — filed 2022-05-04
- Portfolio holdings (N-PORT) — filed 2024-08-23
- Portfolio holdings (N-PORT) — filed 2024-05-29
- Portfolio holdings (N-PORT) — filed 2024-02-28
- Annual census (N-CEN) — filed 2024-03-13
- Annual census (N-CEN) — filed 2023-03-14
Related Funds
Other Global (incl. US) Mid Cap 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.