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Morgan Stanley Inst High Yield R6 (MSHYX)

8.19
+0.01
+(0.12%)
At close: 8:01:41 PM EDT

Fund Summary

Under normal circumstances, at least 80% of the fund's assets will be invested in high yield securities (commonly referred to as "junk bonds"). The fund seeks to achieve its investment objective by investing primarily in high yield securities which are fixed income securities rated by one or more rating agencies 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.

Morgan Stanley Inst High Yield R6

West Conshohocken PA 19428-0868
100 Front St Ste 1100

Fund Overview

Category High Yield Bond
Fund Family Morgan Stanley
Net Assets 59.94M
YTD Return 0.23%
Yield 7.40%
Morningstar Rating
Inception Date Apr 30, 2015

Fund Operations

Last Dividend 0.15
Last Cap Gain -51.00
Holdings Turnover 80.00%
Average for Category --

Fees & Expenses

Expense MSHYX Category Average
Annual Report Expense Ratio (net) 0.62% 0.95%
Prospectus Net Expense Ratio 0.62% --
Prospectus Gross Expense Ratio 1.06% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.88%
Max Deferred Sales Load -- 1.28%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Bo Hunt is a portfolio manager on the High Yield team. He is responsible for buy and sell decisions, portfolio construction and risk management for the team’s European and global high-yield strategies. Bo began his career in the investment management industry in 2002. He joined Eaton Vance in 2016. Morgan Stanley acquired Eaton Vance in March 2021. Previously, he was a credit analyst at Fidelity International in London and a distressed debt analyst at Bank of America Merrill Lynch.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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