Morningstar Total Return Bond Fund (MSTRX)

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Morningstar Total Return Bond Fund (MSTRX) is down 0.3% since the beginning of the year. MSTRX is currently trading at $9 per share. Investors who bought $1,000 worth of MSTRX shares 5 years ago would now be looking at an investment worth $959.

Morningstar Total Return Bond Fund (MSTRX) has returned -0.26% so far this year and 3.55% over the past 12 months.

Based on dividend-adjusted daily data since Nov 5, 2018, MSTRX's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2023 with a return of +4.6%, while the worst month was Sep 2022 at -5.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MSTRX closed higher 46% of trading days. The best single day was Nov 10, 2022 with a return of +2.1%, while the worst single day was Mar 18, 2020 at -2.7%.

Morningstar Total Return Bond Fund has an annualized alpha of 1.38%, beta of 0.04, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since November 06, 2018.

• This fund participated in 25.71% of S&P 500 Index downside but only 14.61% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.04 may look defensive, but with R2 of 0.02 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 0.02 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.

MSTRX has an expense ratio of 0.55%, placing it in the medium range.

MSTRX ranks 13 for risk / return — in the bottom 13% 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.

The table below present risk-adjusted performance metrics for Morningstar Total Return Bond Fund (MSTRX) and compare them to S&P 500 Index.

Morningstar Total Return Bond Fund provided a 2.60% dividend yield over the last twelve months, with an annual payout of $0.23 per share.

The table displays the monthly dividend distributions for Morningstar Total Return Bond 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 Morningstar Total Return 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 Total Return Bond Fund was 20.97%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current Morningstar Total Return Bond Fund drawdown is 6.60%.

The chart below shows the rolling one-month volatility.