USGAX — Morgan Stanley US Government Securities Trust
Data updated: 2026-05-28
USGAX — Morgan Stanley US Government Securities Trust data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Securitized (MBS/ABS/CMBS) Bond · $226.12M AUM · 1.61% expense ratio · 4.5% 1-yr return. From SEC regulatory filings.
USGAX Fund Overview
USGAX — Morgan Stanley US Government Securities Trust is a US mutual fund managed by Morgan Stanley Long Duration Government Opportunities Fund, categorised as Long Securitized (MBS/ABS/CMBS) 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 Long Duration Government Opportunities Fund
- Category: Long Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $226.12M
- 1-year return: 4.5%
- Ticker: USGAX
- SEC CIK: 0000730044
- SEC series ID: S000002426
- Share class ID: C000006467
USGAX Holdings
Top 10 holdings of Morgan Stanley US Government Securities Trust by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Umbs, Tba | 10.68% |
| Government National Mortgage Association | 5.26% |
| Government National Mortgage Association | 4.48% |
| Freddie Mac | 4.36% |
| Umbs, Tba | 4.27% |
| Umbs, Tba | 4.04% |
| Government National Mortgage Association | 3.73% |
| Government National Mortgage Association | 3.43% |
| Tenn Valley Authority | 3.22% |
| Freddie Mac | 2.85% |
USGAX Portfolio Allocation
Asset-class allocation of Morgan Stanley US Government Securities Trust by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 115.4% |
| Fixed Income | 3.2% |
| Cash & Equivalents | 1.3% |
USGAX Performance
Total returns for USGAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -1.0% |
| 1 year | 4.5% |
| 3 years (annualised) | 2.5% |
| 5 years (annualised) | -0.7% |
USGAX Risk Information
Risk metrics for USGAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.3%
USGAX Costs and Fees
USGAX costs about $161 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.61%
- Gross expense ratio: 1.23%
- Portfolio turnover: 349%
- Brokerage commissions: 1.22 bps of average net assets (SEC N-CEN)
USGAX Cashflows
Over the 12 months to 2026-03, Morgan Stanley US Government Securities Trust had net inflows of $18.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $601.59K |
| 2026-02 | $335.90K |
| 2026-01 | $4.84M |
| 2025-12 | −$2.71M |
| 2025-11 | $7.41M |
| 2025-10 | −$596.98K |
USGAX Debt Constituents
Largest debt holdings of Morgan Stanley US Government Securities Trust by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Tenn Valley Authority | 3.22% |
USGAX Prospectus and SEC Filings
Official Morgan Stanley US Government Securities Trust filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Securitized (MBS/ABS/CMBS) 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.