Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio (MSACX)

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Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio (MSACX) is up 17.1% since the beginning of the year. MSACX is currently trading at $22 per share. Investors who bought $1,000 worth of MSACX shares 5 years ago would now be looking at an investment worth $1,268.

Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio (MSACX) has returned 17.05% so far this year and 17.93% over the past 12 months. Over the last ten years, MSACX has returned 8.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jan 17, 1992, MSACX's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +14.0%, while the worst month was Oct 2008 at -18.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MSACX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +11.7%, while the worst single day was Dec 17, 2025 at -13.3%.

Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio has an annualized alpha of 1.19%, beta of 0.67, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since January 20, 1992.

• This fund participated in 89.53% of S&P 500 Index downside but only 80.53% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.67 may look defensive, but with R2 of 0.48 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 0.48 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

MSACX has an expense ratio of 0.90%, placing it in the medium range.

MSACX ranks 14 for risk / return — in the bottom 14% 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.

The table below present risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio (MSACX) and compare them to S&P 500 Index.

Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

The table displays the monthly dividend distributions for Morgan Stanley Institutional Fund, Inc. Active International Allocation Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Morgan Stanley Institutional Fund, Inc. Active International Allocation 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. Active International Allocation Portfolio was 55.43%, occurring on Mar 9, 2009. Recovery took 1165 trading sessions.

The chart below shows the rolling one-month volatility.