- ISIN
- US61744J2832
- CUSIP
- 61744J283
- Issuer
- T. Rowe Price
- Inception Date
- Nov 27, 2001
- Category
- Global 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
MSFAX Performance Chart
Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) is down 11.2% since the beginning of the year. MSFAX is currently trading at $26 per share. Investors who bought $1,000 worth of MSFAX shares 5 years ago would now be looking at an investment worth $933.
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Returns By Period
Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) has returned -11.20% so far this year and -24.53% over the past 12 months. Over the last ten years, MSFAX has returned 6.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio
- 1D
- 0.15%
- 1M
- -3.27%
- YTD
- -11.20%
- 6M
- -11.47%
- 1Y
- -24.53%
- 3Y*
- -3.66%
- 5Y*
- -1.37%
- 10Y*
- 6.39%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MSFAX Monthly Returns History
Based on dividend-adjusted daily data since Nov 30, 2001, MSFAX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Dec 2007 with a return of +19.5%, while the worst month was Oct 2008 at -13.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.
On a daily basis, MSFAX closed higher 53% of trading days. The best single day was Dec 20, 2007 with a return of +20.3%, while the worst single day was Dec 17, 2025 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.07% | -1.67% | -7.68% | 5.83% | -2.03% | -2.66% | -11.20% | ||||||
| 2025 | 5.30% | -0.08% | -1.90% | -0.12% | 3.99% | -0.03% | -1.45% | 0.20% | -1.91% | -3.13% | -0.33% | -11.86% | -11.65% |
| 2024 | 2.12% | 2.74% | 0.03% | -5.52% | 2.20% | 1.49% | 3.59% | 3.63% | 2.06% | -3.12% | 2.83% | -2.95% | 8.94% |
| 2023 | 4.58% | -3.78% | 5.65% | 3.31% | -3.51% | 5.49% | 1.04% | -0.50% | -5.41% | -1.84% | 8.40% | 2.90% | 16.41% |
| 2022 | -6.00% | -3.31% | 0.09% | -4.55% | 0.19% | -6.18% | 6.62% | -5.50% | -9.27% | 5.25% | 8.81% | -3.18% | -17.26% |
| 2021 | -2.56% | -0.33% | 4.29% | 5.32% | 0.66% | 2.27% | 2.86% | 0.91% | -3.88% | 6.11% | -2.62% | 7.67% | 21.89% |
Benchmark Metrics
Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio has an annualized alpha of 4.44%, beta of 0.68, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since November 30, 2001.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (78.93%) than losses (67.62%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 4.44% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.68 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 4.44%
- Beta
- 0.68
- R²
- 0.61
- Upside Capture
- 78.93%
- Downside Capture
- 67.62%
Expense Ratio
MSFAX has an expense ratio of 0.92%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MSFAX ranks 0 for risk / return — in the bottom 0% 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. Global Franchise Portfolio (MSFAX) 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.
| MSFAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.50 | ||
| Sortino ratioReturn per unit of downside risk | -4.53 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.37 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.78 | -3.62 |
| Martin ratioReturn relative to average drawdown | -1.46 | 12.44 | -13.90 |
Dividends
Dividend History
Morgan Stanley Institutional Fund, Inc. Global Franchise 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 | $3.98 | $0.67 | $0.51 | $1.02 | $1.09 | $2.35 | $1.33 | $0.92 | $0.64 | $0.97 |
Dividend yield | 0.00% | 0.00% | 11.85% | 1.96% | 1.69% | 2.75% | 3.48% | 8.23% | 5.76% | 3.72% | 3.11% | 4.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Morgan Stanley Institutional Fund, Inc. Global Franchise 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 | $3.98 | $3.98 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.02 | $1.02 |
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. Global Franchise 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. Global Franchise Portfolio was 43.81%, occurring on Mar 9, 2009. Recovery took 387 trading sessions.
The current Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio drawdown is 31.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -43.81%Mar 2009 | 1y 2mo | 1y 6mo | 2y 8moDec 2007 - Sep 2010 |
2026 bear market2026 | -33.89%Mar 2026 | 1y 3mo | — | 1y 6moDec 2024 - now |
COVID crash2020 | -30.06%Mar 2020 | 1mo 2d | 4mo 1d | 5mo 3dFeb 2020 - Jul 2020 |
Bear market2022 | -25.90%Oct 2022 | 9mo 16d | 1y 3mo | 2y 1moDec 2021 - Feb 2024 |
2003 bear market2003 | -21.33%Mar 2003 | 9mo 12d | 7mo 7d | 1y 4moJun 2002 - Oct 2003 |
Drawdown Indicators
| MSFAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -56.78% | +12.97% |
Max Drawdown (1Y)Largest decline over 1 year | -30.00% | -9.10% | -20.90% |
Max Drawdown (3Y)Largest decline over 3 years | -33.89% | -18.90% | -14.99% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -25.43% | -8.46% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -33.92% | +0.03% |
Current DrawdownCurrent decline from peak | -31.36% | -1.80% | -29.56% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -10.71% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.13% | 2.03% | +15.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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