- ISIN
- US6176977014
- Issuer
- Morningstar
- Inception Date
- Nov 1, 2018
- Category
- Multisector Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MSTMX Performance Chart
Morningstar Multisector Bond Fund (MSTMX) is up 1.4% since the beginning of the year. MSTMX is currently trading at $9 per share. Investors who bought $1,000 worth of MSTMX shares 5 years ago would now be looking at an investment worth $1,100.
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Returns By Period
Morningstar Multisector Bond Fund (MSTMX) has returned 1.39% so far this year and 5.00% over the past 12 months.
Morningstar Multisector Bond Fund
- 1D
- 0.22%
- 1M
- -0.54%
- 6M
- -0.10%
- YTD
- 1.39%
- 1Y
- 5.00%
- 3Y*
- 6.73%
- 5Y*
- 1.93%
- 10Y*
- —
- ALL TIME*
- 3.25%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MSTMX Monthly Returns History
Based on dividend-adjusted daily data since Nov 5, 2018, MSTMX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +5.2%, while the worst month was Mar 2020 at -10.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MSTMX closed higher 47% of trading days. The best single day was Mar 25, 2020 with a return of +2.3%, while the worst single day was Mar 18, 2020 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.50% | 0.63% | -3.54% | 2.32% | 0.76% | 0.35% | -0.54% | 1.39% | |||||
| 2025 | 1.93% | 1.08% | -0.84% | 0.47% | 1.34% | 1.81% | 0.33% | 1.86% | 0.70% | 0.75% | -0.00% | 0.21% | 10.03% |
| 2024 | -0.60% | -0.07% | 1.19% | -1.84% | 1.72% | 0.04% | 2.06% | 2.05% | 2.42% | -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% |
Benchmark Metrics
Morningstar Multisector Bond Fund has an annualized alpha of 1.31%, beta of 0.14, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since November 05, 2018.
- This fund participated in 48.88% of S&P 500 Index downside but only 29.92% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.24 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 0.24 means this fund 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.
- Alpha
- 1.31%
- Beta
- 0.14
- R²
- 0.24
- Upside Capture
- 29.92%
- Downside Capture
- 48.88%
Expense Ratio
MSTMX has an expense ratio of 0.58%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MSTMX ranks 39 for risk / return — above 39% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Morningstar Multisector Bond Fund (MSTMX) 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.
| MSTMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.00 | -0.51 |
| Martin ratioReturn relative to average drawdown | 5.38 | 8.49 | -3.11 |
Dividends
Dividend History
Morningstar Multisector Bond Fund provided a 4.38% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.37 | $0.53 | $0.47 | $0.12 | $0.42 | $0.29 | $0.64 | $0.04 |
Dividend yield | 4.38% | 4.00% | 6.01% | 5.26% | 1.42% | 4.17% | 2.68% | 6.18% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.05 | $0.05 | $0.03 | $0.12 | $0.00 | $0.26 | |||||
| 2025 | $0.01 | $0.04 | $0.03 | $0.03 | $0.00 | $0.06 | $0.05 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.37 |
| 2024 | $0.04 | $0.04 | $0.04 | $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 |
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 0.93%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.37%Oct 2022 | 1y 4mo | 2y 4mo | 3y 8moJun 2021 - Feb 2025 | Bear market2022 |
-15.96%Mar 2020 | 1mo 5d | 4mo 14d | 5mo 19dFeb 2020 - Aug 2020 | COVID crash2020 |
-4.09%Mar 2026 | 28d | 2mo 17d | 3mo 15dMar 2026 - Jun 2026 | — |
-3.77%Mar 2021 | 2mo 24d | 2mo 12d | 5mo 6dJan 2021 - Jun 2021 | — |
-3.50%Apr 2025 | 1mo 9d | 1mo 1d | 2mo 10dMar 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| MSTMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -56.78% | +35.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -9.10% | +5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | -18.90% | +13.97% |
Max Drawdown (5Y)Largest decline over 5 years | -21.20% | -25.43% | +4.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.93% | -1.58% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -10.70% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 2.14% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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