- ISIN
- US61766J1795
- CUSIP
- 61766J179
- Issuer
- Morgan Stanley
- Inception Date
- Jun 18, 2018
- Category
- Global Equities
- Min. Investment
- $1,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MRJAX Performance Chart
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Returns By Period
Morgan Stanley Multi-Asset Real Return Portfolio A
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
MRJAX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.69% | 1.98% | 3.49% | -0.00% | 0.00% | 1.50% | 0.65% | 11.79% | |||||
| 2024 | -1.20% | -0.56% | 1.59% | -2.12% | 1.79% | -0.37% | 2.69% | 0.81% | 1.88% | -1.32% | -0.36% | -3.22% | -0.55% |
| 2023 | 2.96% | -2.70% | 1.39% | -0.27% | -2.19% | -0.65% | 2.63% | -0.92% | -3.79% | 0.00% | 5.57% | 3.37% | 5.09% |
| 2022 | -0.18% | 3.20% | 0.35% | -0.27% | -0.71% | -7.05% | 4.61% | -3.21% | -3.79% | 2.07% | 7.53% | 0.99% | 2.74% |
| 2021 | -0.96% | 1.65% | 2.86% | 4.59% | 1.69% | 0.70% | 2.02% | 1.03% | -1.52% | 4.39% | 0.74% | 2.70% | 21.57% |
Benchmark Metrics
Morgan Stanley Multi-Asset Real Return Portfolio A has an annualized alpha of 1.63%, beta of 0.40, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since June 18, 2018.
- This fund participated in 50.34% of S&P 500 Index downside but only 41.90% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.40 may look defensive, but with R2 of 0.45 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.45 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.63%
- Beta
- 0.40
- R²
- 0.45
- Upside Capture
- 41.90%
- Downside Capture
- 50.34%
Expense Ratio
MRJAX has a high expense ratio of 1.10%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX) 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.
| MRJAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.71 | — |
| Martin ratioReturn relative to average drawdown | — | 12.15 | — |
Dividends
Dividend History
Morgan Stanley Multi-Asset Real Return Portfolio A provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $1.10 | $0.48 | $0.44 | $1.67 | $0.11 | $0.15 | $0.11 |
Dividend yield | 0.00% | 11.24% | 4.40% | 4.04% | 15.24% | 1.09% | 1.40% | 1.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Morgan Stanley Multi-Asset Real Return Portfolio A. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $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 | $1.10 | $1.10 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $1.58 | $1.67 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.03 | $0.11 |
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 Multi-Asset Real Return Portfolio A. 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 Multi-Asset Real Return Portfolio A was 28.36%, occurring on Mar 23, 2020. Recovery took 233 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -28.36%Mar 2020 | 1mo 4d | 11mo 8d | 1y 7dFeb 2020 - Feb 2021 |
Bear market2022 | -13.33%Nov 2022 | 7mo 29d | 2mo 23d | 10mo 22dMar 2022 - Jan 2023 |
Rate-hike selloffLate 2018 | -12.31%Dec 2018 | 3mo 26d | 3mo 10d | 7mo 6dAug 2018 - Apr 2019 |
2023 pullback2023 | -8.44%Oct 2023 | 8mo 12d | 2mo 9d | 10mo 21dJan 2023 - Dec 2023 |
2024 pullback2024 | -6.96%Dec 2024 | 2mo 19d | 1mo 22d | 4mo 11dOct 2024 - Feb 2025 |
Drawdown Indicators
| MRJAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.29% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.72% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.02% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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