MSMEX — Multi-Asset Portfolio
Data updated: 2020-08-27
MSMEX — Multi-Asset Portfolio. Bond · $22.39M AUM · 2.20% expense ratio · -10.7% 1-yr return. Holdings, fees, performance and SEC filings.
MSMEX Fund Overview
MSMEX — Multi-Asset Portfolio is a US mutual fund managed by Morgan Stanley Institutional Fund INC, categorised as Bond. 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: Bond
- Assets under management: $22.39M
- 1-year return: -10.7%
- Ticker: MSMEX
- SEC CIK: 0000836487
- SEC series ID: S000037170
- Share class ID: C000155909
MSMEX Investment Objective and Strategy
Multi-Asset 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 Multi-Asset Portfolio (the ""Fund"") seeks total return. The Fund's ""Adviser,"" Morgan Stanley Investment Management Inc., seeks to achieve this objective with an emphasis on positive absolute return and controlling downside portfolio risk."
Principal investment strategy
"The Adviser seeks to achieve the Fund's investment objective by emphasizing positive absolute return while actively controlling downside portfolio risk. To implement this approach, the Adviser will take long and short positions in a range of securities, other instruments and asset classes to express its investment themes. The Adviser may implement these positions either directly by purchasing securities or (specifically in the case of short positions) through the use of derivatives. The Adviser's top-down investment approach focuses on asset class, sector, region, country and currency selection as opposed to individual security selection. The Fund's allocations are the result of directional views of the markets or individual asset classes taken by the Adviser based on the results of its fundamental and quantitative research.
The Fund may at times invest a substantial portion of its assets in one or more countries (including emerging market countries) or regions. The Fund's investments may be U.S. and non-U.S. dollar denominated. The Fund may invest in real estate investment trusts (""REITs"") and similar entities established outside the United States (""foreign real estate companies""). In addition, the Fund may invest in fixed income securities issued or guaranteed by foreign governments or supranational organizations or any of their instrumentalities, including debt obligations of governmental issuers located in emerging market or developing countries and sovereign debt, as well as fixed income securities that are rated below ""investment grade"" or are not rated, but are of equivalent quality. These fixed income securities are often referred to as ""high yield securities"" or ""junk bonds."" High yield securities are fixed income securities rated below Baa3 by Moody's Investors Service, Inc.
(""Moody's""), below BBB by S&P Global Ratings Group, a division of S&P Global Inc. (""S&P""), below BBB by Fitch Ratings Inc. (""Fitch"") or if unrated considered by the Adviser to be of equivalent quality. The Fund may invest in asset-backed securities. The Fund may also invest in privately placed and restricted securities. The mortgage-backed securities in which the Fund may invest include mortgage pass-through securities which represent a participation interest in a pool of mortgage loans originated by U.S. governmental or private lenders such as banks. The Fund may also invest in other investment companies, including exchange-traded funds (""ETFs""). The Fund will use derivative instruments for a variety of purposes, including as part of its investment strategies, 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, structured investments (including commodity-linked notes) and other related instruments and techniques. The Fund may also invest in currency derivatives, including, but not limited to, foreign currency forward exchange contracts, and currency and currency index futures and options contracts for hedging and non-hedging purposes. The use of these currency derivatives may allow the Fund to obtain net long or net negative (short) exposure to selected currencies. At times, the Fund may enter into ""cross-currency"" transactions involving currencies other than those in which securities held or proposed to be purchased are denominated. Derivative instruments used by the Fund will be counted toward the Fund's exposure in the types of securities listed above to the extent they have economic characteristics similar to such securities.
The Fund may, consistent with its principal investment strategies, invest up to 25% of its total assets in a wholly-owned subsidiary of the Fund organized as a company under the laws of the Cayman Islands (the ""Subsidiary""). The Subsidiary may invest, directly or indirectly through the use of derivatives, in securities, commodities, commodity-related instruments and other investments, primarily futures, swaps and notes. The Subsidiary is advised by the Adviser. Investments in the Subsidiary are intended to provide the Fund with exposure to commodities markets within the limitations of the federal tax requirements that apply to the Fund. The Subsidiary primarily obtains its commodity exposure by investing in commodity-linked derivative instruments, which may include, but are not limited to, total return swaps, commodity (U.S.
or foreign) futures and commodity-linked notes. The Subsidiary may also invest in other instruments, including fixed income securities, either as investments or to serve as margin or collateral for its swap positions, and foreign currency transactions (including forward contracts)."
MSMEX Performance
Total returns for MSMEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -10.7% |
MSMEX Risk Information
Risk metrics for MSMEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.8%
MSMEX Costs and Fees
MSMEX costs about $220 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.20%
- Gross expense ratio: 5.22%
- Portfolio turnover: 178%
- Brokerage commissions: 11.00 bps of average net assets (SEC N-CEN)
MSMEX Cashflows
Over the 12 months to 2020-06, Multi-Asset Portfolio had net inflows of $539.99K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | −$44.68K |
| 2020-05 | −$273.27K |
| 2020-04 | $1.40M |
| 2020-03 | −$66.20K |
| 2020-02 | −$93.45K |
| 2020-01 | $52.96K |
MSMEX Debt Constituents
No individual debt constituents are reported in Multi-Asset Portfolio's latest SEC N-PORT filing.
MSMEX Prospectus and SEC Filings
Official Multi-Asset 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 Bond 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.