MTIIX — Global Infrastructure Portfolio
Data updated: 2024-11-27
MTIIX — Global Infrastructure Portfolio. Global (incl. US) Mid Cap Blend / Core Industrials Equity. Holdings, fees, performance and SEC filings.
MTIIX Fund Overview
MTIIX — Global Infrastructure Portfolio is a US mutual fund managed by Morgan Stanley Institutional Fund INC, categorised as Global (incl. US) Mid Cap Blend / Core Industrials 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 Industrials Equity
- Assets under management: $262.96M
- 1-year return: 25.8%
- Ticker: MTIIX
- SEC CIK: 0000836487
- SEC series ID: S000029874
- Share class ID: C000091816
MTIIX Investment Objective and Strategy
Global Infrastructure 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 Infrastructure Portfolio (the ""Fund"") seeks to provide both capital appreciation and income."
Principal investment strategy
"The Adviser and/or the Fund's ""Sub-Advisers,"" Morgan Stanley Investment Management Limited (""MSIM Limited"") and Morgan Stanley Investment Management Company (""MSIM Company""), seek to provide both capital appreciation and income by investing primarily in equity securities issued by companies located throughout the world that are engaged in the infrastructure business. Using internal proprietary research, the Adviser and/or Sub-Advisers seek to identify public infrastructure companies that are believed to offer the best value relative to their underlying assets and growth prospects. The Fund normally invests at least 80% of its assets in equity securities issued by companies located throughout the world that are engaged in the infrastructure business. This policy may be changed without shareholder approval; however, you would be notified upon 60 days' notice in writing of any changes.
A company is considered to be in the infrastructure business if it derives at least 50% of its revenues or earnings from, or devotes at least 50% of its assets to, infrastructure-related activities. Infrastructure refers to the systems and networks of energy, transportation, communication and other services required for the normal function of society. Companies in the infrastructure business may be involved in a variety of areas, including, but not limited to, (i) the transmission, distribution, storage or transportation of electricity, oil and gas (and other bulk liquid products), water, and other natural resources used to produce energy, (ii) the construction and operation of renewable power facilities, (iii) the development, ownership, lease, concession, or management of highways, toll roads, tunnels, bridges, pipelines, airports, marine ports, refueling and related facilities, (iv) the provision of communications, including the development, lease, concession, or management of telephone, broadcast and mobile towers, fiber optic/copper cable, and satellite networks, (v) waste-water management and water purification/desalination and (vi) the construction or operation of essential public structures.
The Fund's investments may include real estate investment trusts (""REITs"") and convertible securities. The Fund's investments may include securities of small and medium capitalization companies. The Fund may invest up to 100% of its total assets 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'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 Fund's Adviser and/or Sub-Advisers shift the Fund's assets between the different types of companies in the infrastructure business described above based on relative valuation, underlying company fundamentals, and demographic and macroeconomic considerations. The Fund has a fundamental policy (i.e., one that cannot be changed without shareholder approval) of investing 25% or more of its total assets in the infrastructure industry. In selecting securities to buy, hold or sell for the Fund, the Adviser and/or Sub-Advisers actively manage the Fund using a combination of bottom-up and top-down methodologies. The value-driven approach to bottom-up security selection utilizes proprietary research models to identify infrastructure companies that offer the best value relative to their underlying assets and growth prospects.
The top-down allocation provides exposure to major economic infrastructure sectors and countries, with an overweighting to those sectors/countries that offer the best relative valuation. The Adviser and/or Sub-Advisers generally consider selling a portfolio holding when it determines that the holding no longer satisfies its investment criteria."
MTIIX Holdings
Top 10 holdings of Global Infrastructure Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| National Grid PLC | 7.55% |
| American Tower Corp | 7.13% |
| Enbridge Inc | 4.45% |
| TC Energy Corp | 4.15% |
| ONEOK Inc | 3.75% |
| Sempra | 3.70% |
| Cellnex Telecom SA | 3.40% |
| GFL Environmental Inc | 3.36% |
| Pembina Pipeline Corp | 3.25% |
| Targa Resources Corp | 2.93% |
MTIIX Portfolio Allocation
Asset-class allocation of Global Infrastructure Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.0% |
| Cash & Equivalents | 1.1% |
MTIIX Performance
Total returns for MTIIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 25.8% |
| 3 years (annualised) | 4.6% |
| 5 years (annualised) | 4.9% |
MTIIX Risk Information
Risk metrics for MTIIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.0%
MTIIX Costs and Fees
MTIIX costs about $97 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.97%
- Gross expense ratio: 1.20%
- Portfolio turnover: 42%
- Brokerage commissions: 4.69 bps of average net assets (SEC N-CEN)
MTIIX Cashflows
Over the 12 months to 2024-09, Global Infrastructure Portfolio had net outflows of $19.46M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | −$6.30M |
| 2024-08 | $249.22K |
| 2024-07 | −$2.20M |
| 2024-06 | −$5.11M |
| 2024-05 | −$6.90M |
| 2024-04 | −$2.78M |
MTIIX Debt Constituents
No individual debt constituents are reported in Global Infrastructure Portfolio's latest SEC N-PORT filing.
MTIIX Prospectus and SEC Filings
Official Global Infrastructure 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 2024-11-27
- 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) Mid Cap Blend / Core Industrials 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.