USGDX Performance — Morgan Stanley Long Duration Government Opportunities Fund, Class I
Data updated: 2026-08-21
USGDX returned +0.43% year to date and +5.80% over one year to Jun 2026. Annualised returns are +4.09% over 3 years and −0.31% over 5 years. The fund beat its Long-Term Securitized Bond category average: $100 invested three years ago grew to $113, against $113 for the category, and to $106 over one year, against $103. Volatility over the past three years was 16.60% a year. In the 12 months to Jun 2026 the fund lost a net $4.8M, and assets reached $207.27M.
USGDX Growth of $100
What $100 invested in Morgan Stanley Long Duration Government Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Securitized Bond category average over the same months.
| Period | USGDX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $106 | $103 |
| 3 years (Jul 2023 – Jun 2026) | $113 | $113 |
| 5 years (Jul 2021 – Jun 2026) | $98 | $102 |
| Since data start (Jul 2019 – Jun 2026) | $105 | $111 |
USGDX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.43% |
| 1 year | +5.80% |
| 3 years (annualised) | +4.09% |
| 5 years (annualised) | −0.31% |
USGDX Annual Returns
Calendar-year total returns of Morgan Stanley Long Duration Government Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +0.43% |
| 2025 | +13.92% |
| 2024 | −6.47% |
| 2023 | +6.02% |
| 2022 | −12.62% |
| 2021 | −1.77% |
| 2020 | +5.76% |
| 2019 (Jul–Dec) | +1.81% |
USGDX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.1% | +3.3% | −3.8% | 0.0% | +0.1% | +1.1% | — | — | — | — | — | — |
| 2025 | +1.1% | +6.8% | −0.3% | +0.4% | −3.7% | +3.9% | −1.6% | +3.9% | +1.1% | +1.0% | +1.8% | −1.0% |
| 2024 | −1.4% | −5.3% | +1.8% | −8.8% | +5.8% | +3.6% | +5.8% | +3.8% | +1.3% | −8.4% | +2.8% | −6.0% |
| 2023 | +3.2% | −2.2% | +1.8% | +0.6% | −1.2% | −1.5% | −1.2% | −1.9% | −7.1% | −6.0% | +12.2% | +11.0% |
| 2022 | −1.5% | −1.1% | −3.0% | −3.0% | +0.1% | −0.9% | +1.8% | −2.5% | −4.1% | −1.8% | +3.6% | −0.7% |
| 2021 | −0.1% | −1.0% | −1.0% | +0.7% | +0.1% | +0.3% | +0.9% | −0.2% | −0.7% | −0.1% | +0.1% | −0.6% |
| 2020 | +1.7% | +1.8% | −0.9% | +1.2% | +0.3% | +0.9% | +0.8% | −0.3% | +0.1% | −0.6% | +0.3% | +0.3% |
| 2019 | — | — | — | — | — | — | +0.2% | +2.4% | −0.5% | −0.1% | 0.0% | −0.2% |
USGDX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.60%
- 3-year Sharpe ratio: -0.02 (vs 4.5% risk-free rate)
- Best month: +12.25% (Nov 2023)
- Worst month: −8.84% (Apr 2024)
USGDX Fund Flows
Monthly money in and out of Morgan Stanley Long Duration Government Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: −$4.8M
- 12-month gross sales (incl. reinvestments): $62.5M
- Sales ÷ redemptions: 0.93×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $4.7M | $17.2M | −$12.5M |
| May 2026 | $3.8M | $8.9M | −$5.1M |
| Apr 2026 | $3.2M | $3.7M | −$501K |
| Mar 2026 | $4.8M | $4.2M | $602K |
| Feb 2026 | $2.9M | $2.6M | $336K |
| Jan 2026 | $9.3M | $4.4M | $4.8M |
| Dec 2025 | $3.5M | $6.2M | −$2.7M |
| Nov 2025 | $10.5M | $3.1M | $7.4M |
| Oct 2025 | $4.2M | $4.8M | −$597K |
| Sep 2025 | $7.3M | $3.6M | $3.7M |
| Aug 2025 | $3.4M | $2.8M | $620K |
| Jul 2025 | $4.9M | $5.7M | −$818K |
USGDX Assets Under Management
Net assets of Morgan Stanley Long Duration Government Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $207.27M |
| 2026-03-31 | $226.12M |
| 2025-12-31 | $225.36M |
| 2025-09-30 | $220.10M |
| 2025-06-30 | $212.35M |
| 2025-03-31 | $209.50M |
| 2024-12-31 | $213.66M |
| 2024-09-30 | $237.64M |
| 2024-06-30 | $196.40M |
| 2024-03-31 | $204.21M |
| 2023-12-31 | $210.36M |
| 2023-09-30 | $188.54M |
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.