US Core Portfolio
Share Class :
 
MUOSX CUSIP: 61766J815
US Core Portfolio
MUOSX CUSIP: 61766J815
Share Class :

US Core Portfolio

SHARE CLASS :
MUOSX CUSIP: 61766J815
 
 
 
 
Investment Approach
Seeks to outperform the benchmark regardless of which investment style – value or growth – is currently in favor. Their flexible approach combines quantitative models with stock-specific research to identify 30-60 companies in the U.S. with attractive valuations, above-average appreciation potential and competitive dividend yields
 
 
Pricing & Performance

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent month-end performance figures, please select the "month" timeframe or call 1-800-548-7786. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. For additional important information, please click here

As of 02/28/2019

As of 03/22/2019

As of 02/28/2019

As of 03/22/2019


Performance of $10,000 invested
Performance of $10,000 invested

    
Past performance is not indicative of future results.
 
 
Average Annual Total Returns As of 02/28/2019 As of 12/31/2018
1 YR 3 YRS 5 YRS 10 YRS Since Inception
MUOSX (%) -1.74 -- -- -- 8.73
S&P 500 Total Return Index (%) 4.68 -- -- -- 13.07
Lipper Category Average (%) 3.34 -- -- -- --
Morningstar Category Average (%) 3.15 -- -- -- --
1 YR 3 YRS 5 YRS 10 YRS Since Inception
MUOSX (%) -11.04 -- -- -- 4.48
S&P 500 Total Return Index (%) -4.38 -- -- -- 9.26
Lipper Category Average (%) -5.64 -- -- -- --
Morningstar Category Average (%) -6.26 -- -- -- --
2014 2015 2016 2017 2018
MUOSX (%) -- -- -- 19.37 -11.04
S&P 500 Total Return Index (%) -- -- -- 21.83 -4.38
Lipper Category Average (%) -- -- -- 20.65 -5.64
Morningstar Category Average (%) -- -- -- 20.44 -6.26
 
Average Annual Total Returns
As of 02/28/2019
TIMEFRAME MUOSX USD (%) S&P 500 Total Return Index (%) Lipper Category Average (%) Morningstar Category Average (%)
1 Yr -1.74 4.68 3.34 3.15
3 Yrs -- -- -- --
5 Yrs -- -- -- --
10 Yrs -- -- -- --
Since Inception 8.73 13.07 -- --
As of 12/31/2018
TIMEFRAME MUOSX USD (%) S&P 500 Total Return Index (%) Lipper Category Average (%) Morningstar Category Average (%)
1 Yr -11.04 -4.38 -5.64 -6.26
3 Yrs -- -- -- --
5 Yrs -- -- -- --
10 Yrs -- -- -- --
Since Inception 4.48 9.26 -- --
TIMEFRAME MUOSX USD (%) S&P 500 Total Return Index (%) Lipper Category Average (%) Morningstar Category Average (%)
2014 -- -- -- --
2015 -- -- -- --
2016 -- -- -- --
2017 19.37 21.83 20.65 20.44
2018 -11.04 -4.38 -5.64 -6.26
Past performance is not indicative of future results. The Portfolio's calendar year returns do not include the deduction of any applicable sales charges.
 
 
Distributions
 
Record Date Ex-Date Payable Date Net Investment Income ($ per share) Long-Term Capital Gains ($ per share) Short-Term Capital Gains ($ per share) Total Capital Gains ($ per share)
12/10/2018 12/11/2018 12/11/2018 0.060057 0.109700 0.000000 0.109700
12/08/2017 12/11/2017 12/11/2017 0.064004 0.000000 0.000000 0.000000
Record Date Ex-Date Payable Date Net Investment Income ($ per share) Long-Term Capital Gains ($ per share) Short-Term Capital Gains ($ per share) Total Capital Gains ($ per share)
12/10/2018 12/11/2018 12/11/2018 0.060057 0.109700 0.000000 0.109700
12/08/2017 12/11/2017 12/11/2017 0.064004 0.000000 0.000000 0.000000
 
 
Composition As of 12/31/2018
  Fund Index
Information Technology 23.80 20.12
Health Care 17.60 15.54
Consumer Staples 15.27 7.41
Financials 11.64 13.31
Consumer Discretionary 9.21 9.94
Energy 8.75 5.32
Industrials 7.79 9.20
Communication Services 3.31 10.12
Materials 0.41 2.73
Cash 3.73 --


Holdings As of 02/28/2019
Fund Index
Microsoft Corp 9.57 3.70
MasterCard Inc 7.22 0.87
Estee Lauder Co. Inc 7.02 0.15
Danaher Corp 5.93 0.33
JP Morgan Chase & Co. 5.41 1.48
Apple Inc 5.04 3.34
McDonald's Corp 3.75 0.61
Vmware Inc 3.66 --
Monster Beverage Corp 3.52 0.11
Starbucks Corp 3.37 0.37
Total 54.49 --

Complete holdings for US Core Portfolio will be publicly available on a quarterly basis 15 calendar days after the quarter-end by calling (800) 548-7786 or emailing client service at msimcs@morganstanley.com



Portfolio Characteristics
Fund Index
Active share (%) 82.96 --
Number of holdings 26 505
Price/earnings (NTM) 15.16 15.07
Turnover (%) 57 --
Weighted average market capitalization ($B) 183.64 183.15
Portfolio turnover is sourced from the fund's current prospectus. View current prospectus for the as of date.
 
 
Portfolio Managers
Head of Applied Equity Advisors Team
32 years industry experience
Executive Director
15 years industry experience
 
 
Insights by Applied Equity Advisors Team
Investment Insight
Quantamental investing: The future is now
May 18, 2018
Applied Equity Advisors combines factor investing with stock-specific research. Tapping both sources of excess returns helps us achieve greater consistency of returns and avoid behavioral pitfalls.
Market Outlook
Andrew Slimmon – Euphoria is Not Yet on the Horizon
Oct 30, 2018
Andrew Slimmon discusses the connection between euphoria, investor psychology and secular bull market cycles.
 
 
Resources
Product Literature
 
 
Prospectus & Reports
SAI
 
 
 
 
 

Class A shares include maximum front-end sales charge of 5.50% (Alternatives), 5.25% (Equity) and 4.25% (Fixed Income). Class B shares include deferred sales charge of 5.00% which declines to zero after sixth year. Class C shares include deferred sales charge of 1.00% which declines to zero after first year. Class L shares, Class I, and Class IS shares are not subject to a sales charge.

Where the net expense ratio is lower than the gross expense ratio, certain fees have been waived and/or expenses reimbursed. These waivers and/or reimbursements will continue for at least one year from the date of the applicable fund’s current prospectus (unless otherwise noted in the applicable prospectus) or until such time as the fund's Board of Directors /Trustees acts to discontinue all or a portion of such waivers and/or reimbursements. Expenses are based on the fund's current prospectus.

Class IS shares, are being offered only to eligible investors who must meet a minimum initial investment of $10,000,000 or be a defined contribution, defined benefit or other employer sponsored employee benefit plan, whether or not qualified under the Internal Revenue Code of 1986, as amended (the "Code"), in each case subject to the discretion of the Portfolio's investment advisor.


This material is a general communication, which is not impartial and all information provided has been prepared solely for informational and educational purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy. The information herein has not been based on a consideration of any individual investor circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. To that end, investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.

 

PORTFOLIO CHARACTERISTICS DEFINITIONS
Active Share is the fraction of the portfolio or fund that is invested differently than its benchmark as of the last day of the reporting period. A portfolio with a high degree of Active Share does not assure a fund’s relative outperformance. Active Share calculation may consolidate holdings with the same economic exposure. Net Asset Value (NAV) per share is determined by dividing the value of the fund's portfolio securities, cash and other assets, less all liabilities, by the total number of common shares outstanding. The common share market price is the price the market is willing to pay for shares of the fund at a given time. Number of holdings provided are a typical range, not a maximum number. The portfolio may exceed this from time to time due to market conditions and outstanding trades. Price/earnings (P/E) is the price of a stock divided by its earnings per share. Sometimes called the multiple, P/E gives investors an idea of how much they are paying for a company’s earning power. The higher the P/E, the more investors are paying, and therefore the more earnings growth they are expecting. Weighted Average Market Capitalization is a stock market index weighted by the market capitalization of each stock in the index. In such a weighting scheme, larger companies account for a greater portion of the index. Most indexes are constructed in this manner, with the best example being the S&P 500.

Turnover is sourced from the fund's current prospectus.

RISK CONSIDERATIONS
There is no assurance that a mutual fund will achieve its investment objective. Funds are subject to market risk, which is the possibility that the market values of securities owned by the fund will decline and that the value of fund shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in this fund. Please be aware that this fund may be subject to certain additional risks. In general, equities securities' values also fluctuate in response to activities specific to a company. Stocks of small-and medium-capitalization companies entail special risks, such as limited product lines, markets and financial resources, and greater market volatility than securities of larger, more established companies. Investments in foreign markets entail special risks such as currency, political, economic, market and liquidity risks. Illiquid securities may be more difficult to sell and value than publicly traded securities (liquidity risk). Non-diversified portfolios often invest in a more limited number of issuers. As such, changes in the financial condition or market value of a single issuer may cause greater volatility. Derivative instruments may disproportionately increase losses and have a significant impact on performance. They also may be subject to counterparty, liquidity, valuation, correlation and market risks.

Subject to change daily. Fund information, Portfolio Composition and Characteristics are provided for informational purposes only, and should not be deemed as a recommendation to buy or sell any security or securities in the sectors and countries presented.

OTHER CONSIDERATIONS

The S&P 500 Index measures the performance of the large cap segment of the U.S. equities market, covering approximately 80% of the U.S. equities market. The Index includes 500 leading companies in leading industries of the U.S. economy. The S&P Index is one of the most widely used benchmarks of U.S. equity performance. The index is unmanaged and do not include any expenses, fees or sales charges. It is not possible to invest directly in an index.

Please consider the investment objectives, risks, charges and expenses of the fund(s) carefully before investing. The prospectus contains this and other information about the fund(s). To obtain a prospectus, contact your financial advisor or click here. Please read the prospectus carefully before investing.

Morgan Stanley Investment Management is the asset management division of Morgan Stanley.

NTM = Next Twelve Months

 
 
 

WAM is the weighted average maturity of the portfolio. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities. By looking to a portfolio's interest rate reset schedule in lieu of final maturity dates, the WAM measure effectively captures a fund's exposure to interest rate movements and the potential price impact resulting from interest rate movements.

 

WAL is the weighted average life of the portfolio. The WAL calculation utilizes a security's stated final maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest (such as a put feature). Accordingly, WAL reflects how a portfolio would react to deteriorating credit (widening spreads) or tightening liquidity conditions.

 

Tracking error and information ratio are calculated using the Portfolio's Blended Index (added October 2, 2013), as this is a better representation of the Portfolio's global multi-asset strategy. The investment team manages the Portfolio relative to this Blended Index.

 

Excess return versus Custom Benchmark is calculated using the Portfolio's Blended Index based on the period since it was added as a benchmark on October 2, 2013.

 

NTM = Next Twelve Months

 

LTM = Last Twelve Months

 

Because the Portfolio had not commenced operations as of the most recent fiscal year end, no portfolio turnover rate is available for the Portfolio.

 

The Reorganization occurred on January 6, 2015. The inception date reflects the inception date of the Private Fund.

 

Global equities is represented by the MSCI All Country World Index.

 

Net exposure % calculated as [(MV of long cash security and derivative positions)-(absolute value of MV in short derivative positions)]/(portfolio MV)

 

Gross exposure % calculated as [(MV of long cash security and derivative positions)+(absolute value of MV in short derivative positions)]/(portfolio MV).

 

Fixed income net and gross exposure is duration adjusted (U.S. Treasury 10-Year equivalents)

 

Security ratings disclosed above have been obtained from Standard & Poor's Ratings Group ("S&P"). S&P's credit ratings express its opinion about the ability and willingness of an issuer to meet its financial obligations in full and on time.'AAA' is the highest rating. Any rating below 'BBB-' rating is considered non-investment grade. Ratings are relative and subjective and are not absolute standards of quality. Ratings apply only to the underlying holdings of the portfolio and does not remove market risk. "NR" or "Not Rated" indicates that no rating has been requested, that there is insufficient information on which to base a rating, or that S&P does not rate a particular obligation as a matter of policy. Futures are not rated.

 

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