Morningstar Multisector Bond Fund (MSTMX)
The investment seeks total return through a combination of current income and capital appreciation. The fund will normally invest at least 80% of its assets in debt securities (commonly referred to as "bonds") of varying maturity, duration, and quality across various sectors of the fixed-income market. Due to the opportunistic nature of its strategy, the fund may also invest up to 20% of its assets in equity securities, including common stocks and convertible securities. It is non-diversified.
Fund Info
US6176977014
Nov 1, 2018
$0
Expense Ratio
MSTMX has an expense ratio of 0.58%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Morningstar Multisector Bond Fund (MSTMX) returned 3.56% year-to-date (YTD) and 8.19% over the past 12 months.
MSTMX
3.56%
0.89%
2.20%
8.19%
4.70%
2.43%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of MSTMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.59% | 1.09% | -0.51% | 0.47% | 0.89% | 3.56% | |||||||
| 2024 | -0.60% | -0.07% | 1.18% | -1.84% | 1.72% | 0.04% | 2.06% | 2.05% | 2.43% | -2.15% | 1.15% | -1.32% | 4.60% |
| 2023 | 4.12% | -2.64% | 1.89% | 0.72% | -1.44% | 2.00% | 1.67% | -1.24% | -2.41% | -1.46% | 5.19% | 4.28% | 10.77% |
| 2022 | -1.70% | -2.34% | -0.84% | -5.26% | 0.73% | -5.64% | 3.40% | -1.81% | -5.42% | 0.41% | 5.15% | -0.01% | -13.11% |
| 2021 | -0.88% | -1.32% | -1.15% | 1.74% | 0.90% | 0.13% | -0.23% | 0.73% | -1.82% | -0.51% | -1.94% | 1.54% | -2.86% |
| 2020 | 0.24% | -1.73% | -9.96% | 2.85% | 4.83% | 1.20% | 3.76% | 0.45% | -1.44% | 0.33% | 4.37% | 2.25% | 6.45% |
| 2019 | 3.99% | 0.61% | -0.21% | 0.57% | -0.48% | 3.23% | 1.27% | -2.18% | 0.67% | 0.94% | -0.56% | 2.36% | 10.54% |
| 2018 | -0.20% | 0.07% | -0.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, MSTMX is among the top 11% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Morningstar Multisector Bond Fund (MSTMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Morningstar Multisector Bond Fund provided a 5.24% dividend yield over the last twelve months, with an annual payout of $0.47 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.53 | $0.47 | $0.12 | $0.42 | $0.29 | $0.64 | $0.04 |
Dividend yield | 5.24% | 6.02% | 5.25% | 1.42% | 4.17% | 2.68% | 6.20% | 0.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Morningstar Multisector Bond Fund. 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 | $0.01 | $0.04 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.06 | $0.53 |
| 2023 | $0.02 | $0.03 | $0.04 | $0.03 | $0.03 | $0.06 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.47 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.03 | $0.06 | $0.12 |
| 2021 | $0.01 | $0.00 | $0.00 | $0.00 | $0.03 | $0.01 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.21 | $0.42 |
| 2020 | $0.02 | $0.03 | $0.00 | $0.00 | $0.02 | $0.05 | $0.04 | $0.04 | $0.03 | $0.03 | $0.02 | $0.01 | $0.29 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.05 | $0.03 | $0.11 | $0.04 | $0.01 | $0.04 | $0.05 | $0.03 | $0.16 | $0.64 |
| 2018 | $0.04 | $0.04 |
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 Morningstar Multisector Bond 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 Morningstar Multisector Bond Fund was 21.37%, occurring on Oct 21, 2022. Recovery took 585 trading sessions.
The current Morningstar Multisector Bond Fund drawdown is 0.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.37% | Jun 11, 2021 | 345 | Oct 21, 2022 | 585 | Feb 24, 2025 | 930 |
| -16.92% | Feb 18, 2020 | 25 | Mar 23, 2020 | 94 | Aug 5, 2020 | 119 |
| -3.77% | Jan 5, 2021 | 59 | Mar 30, 2021 | 50 | Jun 10, 2021 | 109 |
| -3.2% | Feb 27, 2025 | 29 | Apr 8, 2025 | 14 | Apr 29, 2025 | 43 |
| -2.64% | Jul 25, 2019 | 15 | Aug 14, 2019 | 86 | Dec 16, 2019 | 101 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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