Morgan Stanley Direct Lending Fund (MSDL)

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Morgan Stanley Direct Lending Fund (MSDL) is down 6.2% since the beginning of the year. At $15 per share, MSDL is trading 25.0% below its 52-week high of $20.

Morgan Stanley Direct Lending Fund (MSDL) has returned -6.23% so far this year and -12.86% over the past 12 months.

Based on dividend-adjusted daily data since Jan 24, 2024, MSDL's average daily return is 0.00%, while the average monthly return is -0.10%.

Historically, 40% of months were positive and 60% were negative. The best month was Mar 2024 with a return of +12.3%, while the worst month was Feb 2026 at -8.6%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 4 months.

On a daily basis, MSDL closed higher 47% of trading days. The best single day was Mar 15, 2024 with a return of +7.0%, while the worst single day was Apr 4, 2025 at -6.6%.

Morgan Stanley Direct Lending Fund has an annualized alpha of -9.61%, beta of 0.52, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since January 24, 2024.

• This stock participated in 93.40% of S&P 500 Index downside but only 19.56% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.52 may look defensive, but with R2 of 0.13 this stock 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 stock's risk.
• R2 of 0.13 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MSDL ranks 18 for risk / return — in the bottom 18% of stocks 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.

Morgan Stanley Direct Lending Fund provided a 13.03% dividend yield over the last twelve months, with an annual payout of $1.95 per share.

The table displays the monthly dividend distributions for Morgan Stanley Direct Lending Fund. 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 Direct Lending Fund. 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 Direct Lending Fund was 29.68%, occurring on Mar 27, 2026. The portfolio has not yet recovered.

The current Morgan Stanley Direct Lending Fund drawdown is 22.43%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Morgan Stanley Direct Lending Fund over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Morgan Stanley Direct Lending Fund is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.