MGFOX Performance — Morgan Stanley Income Opportunities Fund, Class R6
Data updated: 2026-01-13
MGFOX returned +9.05% over one year to Oct 2025. Annualised returns are +8.49% over 3 years and +3.73% over 5 years. Against its Global Intermediate Securitized Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $128, against $127 for the category, and to $109 over one year, against $109. Volatility over the past three years was 3.60% a year. In the 12 months to Oct 2025 the fund lost a net $465.6M, and assets reached $340.91M.
MGFOX Growth of $100
What $100 invested in Morgan Stanley Income Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Intermediate Securitized Bond category average over the same months.
| Period | MGFOX | Category average |
|---|---|---|
| 1 year (Nov 2024 – Oct 2025) | $109 | $109 |
| 3 years (Nov 2022 – Oct 2025) | $128 | $127 |
| 5 years (Nov 2020 – Oct 2025) | $120 | $119 |
| Since data start (Aug 2019 – Oct 2025) | $125 | $123 |
MGFOX Trailing Returns
Total returns to Oct 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +9.05% |
| 3 years (annualised) | +8.49% |
| 5 years (annualised) | +3.73% |
MGFOX Annual Returns
Calendar-year total returns of Morgan Stanley Income Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Oct) | +7.86% |
| 2024 | +6.90% |
| 2023 | +8.59% |
| 2022 | −7.00% |
| 2021 | +0.11% |
| 2020 | +5.18% |
| 2019 (Aug–Dec) | +1.65% |
MGFOX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.8% | +1.4% | −0.3% | +0.6% | +0.4% | +2.0% | +0.1% | +1.7% | +0.6% | +0.4% | — | — |
| 2024 | +0.6% | −0.5% | +1.2% | −0.9% | +1.2% | +0.8% | +1.6% | +1.1% | +1.5% | −1.0% | +1.2% | −0.1% |
| 2023 | +2.4% | −1.0% | +1.2% | +0.8% | −0.8% | +0.4% | +0.6% | 0.0% | −0.6% | −0.4% | +2.8% | +2.8% |
| 2022 | −0.8% | −1.3% | −1.0% | −1.5% | −0.6% | −2.3% | +1.5% | −0.6% | −2.2% | −0.2% | +2.0% | 0.0% |
| 2021 | −0.1% | −0.6% | −0.3% | +0.6% | +0.4% | +0.1% | +0.6% | +0.1% | −0.3% | −0.4% | −0.3% | +0.4% |
| 2020 | +1.0% | +0.1% | −8.8% | +2.8% | +2.9% | +2.6% | +1.8% | +0.1% | +0.4% | −0.1% | +2.0% | +1.0% |
| 2019 | — | — | — | — | — | — | — | +0.8% | −0.1% | +0.3% | −0.1% | +0.7% |
MGFOX Risk
Risk measures from monthly returns over Nov 2022 – Oct 2025.
- 3-year volatility (annualised): 3.60%
- 3-year Sharpe ratio: 1.11 (vs 4.5% risk-free rate)
- Best month: +2.84% (Nov 2023)
- Worst month: −1.02% (Oct 2024)
MGFOX Fund Flows
Monthly money in and out of Morgan Stanley Income Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: −$465.6M
- 12-month gross sales (incl. reinvestments): $255.9M
- Sales ÷ redemptions: 0.35×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Oct 2025 | $5.7M | $90.6M | −$85.0M |
| Sep 2025 | $8.6M | $50.7M | −$42.1M |
| Aug 2025 | $8.2M | $71.2M | −$63.0M |
| Jul 2025 | $24.7M | $22.5M | $2.2M |
| Jun 2025 | $9.7M | $209.8M | −$200.1M |
| May 2025 | $14.5M | $130.9M | −$116.4M |
| Apr 2025 | $12.4M | $45.4M | −$32.9M |
| Mar 2025 | $14.1M | $11.0M | $3.1M |
| Feb 2025 | $14.7M | $12.5M | $2.3M |
| Jan 2025 | $55.3M | $46.4M | $8.9M |
| Dec 2024 | $49.7M | $14.9M | $34.8M |
| Nov 2024 | $38.3M | $15.7M | $22.7M |
MGFOX Assets Under Management
Net assets of Morgan Stanley Income Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-10-31 | $340.91M |
| 2025-07-31 | $522.93M |
| 2025-04-30 | $832.88M |
| 2025-01-31 | $857.66M |
| 2024-10-31 | $786.47M |
| 2024-07-31 | $793.94M |
| 2024-04-30 | $783.22M |
| 2024-01-31 | $816.12M |
| 2023-10-31 | $761.30M |
| 2023-07-31 | $758.75M |
| 2023-04-30 | $761.63M |
| 2023-01-31 | $772.80M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.