MSYWX — High Yield Portfolio
Data updated: 2026-02-26
MSYWX — High Yield Portfolio. Short Corporate Bond · $51.62M AUM · 0.00% expense ratio · 0.7% 1-yr return. Holdings, fees, performance and SEC filings.
MSYWX Fund Overview
MSYWX — High Yield Portfolio is a US mutual fund managed by Morgan Stanley Institutional Fund Trust, categorised as Short Corporate 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 Trust
- Category: Short Corporate Bond
- Assets under management: $51.62M
- 1-year return: 0.7%
- Ticker: MSYWX
- SEC CIK: 0000741375
- SEC series ID: S000035938
- Share class ID: C000222238
MSYWX Investment Objective and Strategy
High Yield Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Morgan Stanley Institutional Fund Trust.
Investment objective
"The High Yield Portfolio (the ""Fund"") seeks total return."
Principal investment strategy
"Under normal circumstances, at least 80% of the Fund's assets will be invested in high yield securities (commonly referred to as ""junk bonds""). This policy may be changed without shareholder approval; however, you would be notified upon 60 days' notice in writing of any changes. The Fund seeks to achieve its investment objective by investing primarily in high yield securities which 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 average maturity of the Fund's investments varies, and there is no limit on the maturity or on the credit quality of any security held by the Fund.
The Fund's securities may include distressed and defaulted securities and mezzanine investments. The Fund also may invest in investment grade fixed income securities, including U.S. and foreign government securities, corporate bonds and collateralized bond obligations. The Fund may also invest in preferred securities, equity securities and convertible securities. The Fund's investment process starts with top-down macroeconomic analysis to assess the optimal positioning of the Fund. The team then applies a combination of quantitative and qualitative filters to identify securities that meet the team's investment criteria in terms of competitive position, franchise value and management quality. The investment team's credit analysis focuses on financial risk, business risk, management ability and intentions.
Valuation analysis is used to narrow the screened investment universe to a pool of investment candidates who are then assessed in order to determine relative valuation. Finally, the Fund is constructed with sector allocation driven primarily from bottom-up security selection. Integral to the Fund construction process is the measurement and monitoring of market risk, duration and volatility and credit risk through the use of proprietary risk measures and models. The Fund may invest in public bank loans made by banks or other financial institutions. Public bank loans are privately negotiated loans that are not publicly traded for which information about the issuer has been made publicly available. These public bank loans may be rated investment grade or below investment grade. The Fund may also invest in restricted and illiquid securities.
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 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 towards the 80% policy discussed above to the extent they have economic characteristics similar to the securities included within that policy."
MSYWX Holdings
Top 10 holdings of High Yield Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Morgan Stanley & Co. LLC | 1.75% |
| Beach Acquisition Bidco | 1.63% |
| Enviri Corp. | 1.49% |
| Amynta Agency/warranty | 1.47% |
| Leeward Renewabl | 1.34% |
| New Home Co. Inc/the | 1.20% |
| Genting Ny Llc/genny Cap | 1.19% |
| Ameritex Holdco Intermed | 1.18% |
| Great Lakes Dredge&dock | 1.17% |
| Nesco Holdings Ii, Inc. | 1.15% |
MSYWX Portfolio Allocation
Asset-class allocation of High Yield Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 91.7% |
| Loans | 4.7% |
| Cash & Equivalents | 1.8% |
MSYWX Performance
Total returns for MSYWX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.7% |
| 3 years (annualised) | 0.2% |
MSYWX Risk Information
Risk metrics for MSYWX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.3%
MSYWX Costs and Fees
MSYWX costs about $0 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.00%
- Gross expense ratio: 20.44%
- Portfolio turnover: 80%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
MSYWX Cashflows
Over the 12 months to 2025-12, High Yield Portfolio had net outflows of $4.95M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-12 | −$972.43K |
| 2025-11 | −$6.32M |
| 2025-10 | −$9.18K |
| 2025-09 | −$5.92M |
| 2025-08 | −$2.05M |
| 2025-07 | $1.07M |
MSYWX Debt Constituents
Largest debt holdings of High Yield Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Beach Acquisition Bidco | 1.63% |
| Enviri Corp. | 1.49% |
| Amynta Agency/warranty | 1.47% |
| Leeward Renewabl | 1.34% |
| New Home Co. Inc/the | 1.20% |
| Genting Ny Llc/genny Cap | 1.19% |
| Ameritex Holdco Intermed | 1.18% |
| Great Lakes Dredge&dock | 1.17% |
| Nesco Holdings Ii, Inc. | 1.15% |
| Ferrellgas Lp/ferrellgas | 1.14% |
MSYWX Prospectus and SEC Filings
Official High Yield Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus supplement (497) — filed 2025-01-31
- Prospectus supplement (497) — filed 2024-02-02
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Portfolio holdings (N-PORT) — filed 2025-11-26
- Portfolio holdings (N-PORT) — filed 2025-08-22
- Annual census (N-CEN) — filed 2025-12-09
- Annual census (N-CEN) — filed 2024-12-10
Related Funds
Other Short Corporate 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.