- ISIN
- US61756E4614
- CUSIP
- 61756E461
- Issuer
- T. Rowe Price
- Inception Date
- Dec 27, 2010
- Category
- Foreign Large Cap Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MFAIX Performance Chart
Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio (MFAIX) is down 2.0% since the beginning of the year. MFAIX is currently trading at $27 per share. Investors who bought $1,000 worth of MFAIX shares 5 years ago would now be looking at an investment worth $965.
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Returns By Period
Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio (MFAIX) has returned -1.98% so far this year and -2.08% over the past 12 months. Over the last ten years, MFAIX has returned 10.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.53% annually.
Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio
- 1D
- -1.87%
- 1M
- 1.04%
- YTD
- -1.98%
- 6M
- -2.99%
- 1Y
- -2.08%
- 3Y*
- 6.95%
- 5Y*
- -0.71%
- 10Y*
- 10.00%
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
MFAIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 29, 2010, MFAIX's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +16.9%, while the worst month was Sep 2022 at -12.9%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MFAIX closed higher 53% of trading days. The best single day was Nov 11, 2022 with a return of +12.9%, while the worst single day was Mar 16, 2020 at -9.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.40% | 2.72% | -11.20% | 6.33% | 3.70% | -2.92% | -1.98% | ||||||
| 2025 | 7.62% | 0.50% | -5.78% | 5.27% | 6.09% | 2.82% | -6.09% | 2.65% | 1.40% | 2.07% | -1.21% | 0.32% | 15.74% |
| 2024 | 0.62% | 5.17% | 0.63% | -6.81% | 4.12% | -0.73% | 1.04% | 4.85% | 3.60% | -4.90% | 1.33% | -1.43% | 6.95% |
| 2023 | 13.53% | -3.34% | 7.34% | 0.27% | -1.92% | 4.86% | 0.00% | -6.67% | -8.31% | -5.22% | 11.86% | 7.41% | 18.38% |
| 2022 | -11.52% | -7.42% | -1.37% | -10.46% | -2.42% | -9.26% | 9.79% | -8.26% | -12.89% | 3.88% | 16.90% | -3.99% | -34.47% |
| 2021 | -1.55% | 3.83% | -1.23% | 6.08% | 3.04% | -0.54% | 2.32% | 2.01% | -5.49% | 5.53% | -1.04% | 0.05% | 13.14% |
Benchmark Metrics
Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio has an annualized alpha of -0.29%, beta of 0.84, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since December 29, 2010.
- This fund participated in 95.49% of S&P 500 Index downside but only 84.77% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.29%
- Beta
- 0.84
- R²
- 0.64
- Upside Capture
- 84.77%
- Downside Capture
- 95.49%
Expense Ratio
MFAIX has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MFAIX ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio (MFAIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MFAIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.34 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.52 | -2.65 |
| Martin ratioReturn relative to average drawdown | -0.44 | 11.31 | -11.75 |
Dividends
Dividend History
Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.03 | $0.01 | $0.87 | $0.30 | $0.01 | $0.05 | $0.28 | $0.34 | $0.20 | $1.78 |
Dividend yield | 0.00% | 0.00% | 0.14% | 0.05% | 4.55% | 0.99% | 0.04% | 0.26% | 1.75% | 2.03% | 1.67% | 15.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 | $0.87 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio was 47.98%, occurring on Oct 11, 2022. The portfolio has not yet recovered.
The current Morgan Stanley Institutional Fund, Inc. International Advantage Portfolio drawdown is 11.43%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -47.98%Oct 2022 | 11mo 5d | — | 4y 7moNov 2021 - now |
COVID crash2020 | -27.80%Mar 2020 | 2mo 6d | 3mo 2d | 5mo 8dJan 2020 - Jun 2020 |
2011 correction2011 | -19.89%Oct 2011 | 4mo 4d | 4mo 28d | 9mo 2dJun 2011 - Feb 2012 |
Rate-hike selloffLate 2018 | -18.60%Dec 2018 | 6mo 14d | 4mo 7d | 10mo 21dJun 2018 - Apr 2019 |
2016 correction2016 | -16.08%Feb 2016 | 8mo 4d | 5mo 16d | 1y 1moJun 2015 - Jul 2016 |
Drawdown Indicators
| MFAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.98% | -56.78% | +8.80% |
Max Drawdown (1Y)Largest decline over 1 year | -15.56% | -9.10% | -6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -23.07% | -18.90% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -47.98% | -25.43% | -22.55% |
Max Drawdown (10Y)Largest decline over 10 years | -47.98% | -33.92% | -14.06% |
Current DrawdownCurrent decline from peak | -11.43% | -2.83% | -8.60% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -10.72% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 2.02% | +2.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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