Morningstar Global Income Fund (MSTGX) belongs to the Global Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MSTGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MSTGX
MSTGX charges 0.62% annually. There are 15 mutual funds in the Global Allocation category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | — | Feb 2012 | MSTGX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | MSTGX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | MSTGX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | MSTGX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | MSTGX vs JNSMX |
Best Risk-Adjusted Alternatives to MSTGX
MSTGX has a PortfoliosLab risk / return rank of 80. There are 29 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 98 | — | Dec 2002 | MSTGX vs TIBAX | |
| GMO Benchmark-Free Fund | 97 | — | Jun 2011 | MSTGX vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 97 | — | Jul 2003 | MSTGX vs GBMFX | |
| GMO Implementation Fund | 97 | — | Feb 2012 | MSTGX vs GIMFX | |
| Principal Diversified Select Real Asset Fund | 97 | — | Jul 2019 | MSTGX vs PDSYX |
Top Performing MSTGX Alternatives (YTD)
MSTGX is at 6.95% YTD. There are 60 mutual funds in the Global Allocation category with higher YTD returns, going as high as 18.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 18.98% | — | Dec 2002 | MSTGX vs TIBAX | |
| Calamos Global Total Return Fund | 17.25% | — | Oct 2005 | MSTGX vs CGO | |
| Calamos Global Dynamic Income Fund | 16.99% | — | Jun 2007 | MSTGX vs CHW | |
| Wilmington Real Asset Fund | 16.46% | — | Jun 2003 | MSTGX vs WMRIX | |
| Nuveen Multi-Asset Income Fund | 15.72% | — | Nov 2021 | MSTGX vs NMAI |
Lowest Volatility Alternatives to MSTGX
MSTGX has 6.35% 1-year volatility. There are 6 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.03%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.03% | — | Jul 2019 | MSTGX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.42% | — | Dec 2017 | MSTGX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.78% | — | Mar 2011 | MSTGX vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.79% | — | Sep 2011 | MSTGX vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.96% | — | Dec 2011 | MSTGX vs PMFYX |
Lowest Drawdown Alternatives to MSTGX
MSTGX has a 1-year max drawdown of -4.38%. There are 4 mutual funds in the Global Allocation category with shallower 1-year drawdowns, going as shallow as -1.98%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | -1.98% | — | Jul 2019 | MSTGX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -3.48% | — | Mar 2011 | MSTGX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | MSTGX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | MSTGX vs PMFYX | |
| MH Elite Income Fund of Funds | -4.54% | — | Aug 2011 | MSTGX vs MHEIX |
Other Mutual Funds from Morningstar
The 8 most viewed Morningstar mutual funds shown here include MSTRX, MSTVX, MSTMX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Morningstar Total Return Bond Fund | Intermediate Core Bond | 6 | -1.61% | — | Nov 2018 | MSTGX vs MSTRX | |
| Morningstar Alternatives Fund | Multistrategy | 85 | 1.98% | — | Nov 2018 | MSTGX vs MSTVX | |
| Morningstar Multisector Bond Fund | Multisector Bonds | 31 | 0.73% | — | Nov 2018 | MSTGX vs MSTMX | |
| Morningstar International Equity Fund | Foreign Large Cap Equities | 27 | 13.05% | — | Nov 2018 | MSTGX vs MSTFX | |
| Morningstar U.S. Equity Fund | Large Cap Blend Equities | 2 | 7.87% | — | Nov 2018 | MSTGX vs MSTQX | |
| Morningstar Global Opportunistic Equity Fund | Global Allocation | 14 | 10.66% | — | Nov 2018 | MSTGX vs MSTSX | |
| Morningstar Municipal Bond Fund | Municipal Bonds | 53 | 0.01% | — | Nov 2018 | MSTGX vs MSTPX | |
| Morningstar Defensive Bond Fund | Short-Term Bond | 19 | -0.38% | — | Nov 2018 | MSTGX vs MSTBX |
Often Compared With MSTGX
Investors most often compare MSTGX with VOO, SPY, IGM. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MSTGX with Any Fund or Stock
Compare MSTGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MSTGX with funds that move differently
Morningstar Global Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MSTGX.
Explore MSTGX Diversifiers