MGETX — Global Real Estate Portfolio
Data updated: 2024-11-27
MGETX — Global Real Estate Portfolio. Global (incl. US) Real Estate · $35.63M AUM · 1.10% expense ratio. Holdings, fees, performance and SEC filings.
MGETX Fund Overview
MGETX — Global Real Estate Portfolio is a US mutual fund managed by Morgan Stanley Variable Insurance Fund Inc., categorised as Global (incl. US) Real Estate. 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 Variable Insurance Fund Inc.
- Category: Global (incl. US) Real Estate
- Assets under management: $35.63M
- 1-year return: 30.1%
- Ticker: MGETX
- SEC CIK: 0001011378
- SEC series ID: S000010224
- Share class ID: C000028284
MGETX Investment Objective and Strategy
Global Real Estate Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Morgan Stanley Variable Insurance Fund Inc..
Investment objective
The Fund seeks to provide current income and capital appreciation.
Principal investment strategy
"Under normal circumstances, at least 80% of the Fund's assets will be invested in equity securities of companies in the real estate industry, including real estate operating companies (""REOCs""), real estate investment trusts (""REITs"") and similar entities established outside the United States (""foreign real estate companies""). This policy may be changed without shareholder approval; however, you would be notified in writing of any changes. The Fund will invest primarily in companies located in the developed countries of North America, Europe and Asia, but may also invest in emerging markets. The Adviser and the Fund's ""Sub-Advisers,"" Morgan Stanley Investment Management Limited (""MSIM Limited"") and Morgan Stanley Investment Management Company (""MSIM Company""), actively manage the Fund using a combination of top-down and bottom-up methodologies.
The top-down portion seeks diversified exposure to all major asset classes with an overweighting to property markets that offer the best relative valuation. The Adviser's and Sub-Advisers' proprietary models drive the bottom-up value-driven approach for stock selection. The bottom-up research process strongly influences the Adviser's and Sub-Advisers' perspective on which property markets they believe provide better relative value and growth prospects and, consequently, affects their decision to overweight or underweight a given region, sector and/or country. The Fund's Adviser and/or Sub-Advisers may consider information about environmental, social and governance issues (also referred to as ESG) in its bottom-up stock selection process when making investment decisions. The Fund's Adviser and/or Sub-Advisers may engage with company management regarding corporate governance practices as well as what the Fund's Adviser and/or Sub-Advisers deem to be materially important environmental and/or social issues facing a company.
The Adviser and Sub-Advisers generally consider selling a portfolio holding if the holding's share price shifts to the point where the position no longer represents an attractive relative value opportunity versus the underlying value of its assets and/or growth prospects or versus other securities in the investment universe."
MGETX Holdings
Top 10 holdings of Global Real Estate Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Welltower Inc | 6.00% |
| Equinix Inc | 5.53% |
| Prologis Inc | 4.31% |
| AvalonBay Communities Inc | 4.17% |
| Public Storage | 3.81% |
| Digital Realty Trust Inc | 3.18% |
| Goodman Group | 3.17% |
| Extra Space Storage Inc | 2.69% |
| VICI Properties Inc | 2.69% |
| Realty Income Corp | 2.55% |
MGETX Portfolio Allocation
Asset-class allocation of Global Real Estate Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.2% |
| Cash & Equivalents | 1.3% |
MGETX Performance
Total returns for MGETX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 30.1% |
| 3 years (annualised) | 0.4% |
| 5 years (annualised) | 0.2% |
MGETX Risk Information
Risk metrics for MGETX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.1%
MGETX Costs and Fees
MGETX costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 1.74%
- Portfolio turnover: 73%
- Brokerage commissions: 8.86 bps of average net assets (SEC N-CEN)
MGETX Cashflows
Over the 12 months to 2024-09, Global Real Estate Portfolio had net outflows of $5.20M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | −$1.20M |
| 2024-08 | −$520.62K |
| 2024-07 | $310.84K |
| 2024-06 | −$449.63K |
| 2024-05 | −$158.65K |
| 2024-04 | −$95.50K |
MGETX Debt Constituents
No individual debt constituents are reported in Global Real Estate Portfolio's latest SEC N-PORT filing.
MGETX Prospectus and SEC Filings
Official Global Real Estate Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-22
- Prospectus (485BPOS) — filed 2023-04-21
- Prospectus supplement (497) — filed 2023-12-07
- Portfolio holdings (N-PORT) — filed 2024-11-27
- Portfolio holdings (N-PORT) — filed 2024-08-23
- Portfolio holdings (N-PORT) — filed 2024-05-29
- Annual census (N-CEN) — filed 2024-03-13
- Annual census (N-CEN) — filed 2023-03-14
Related Funds
Other Global (incl. US) Real Estate 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.