- ISIN
- US6174402353
- CUSIP
- 617440235
- Issuer
- Morgan Stanley
- Inception Date
- Feb 7, 2012
- Category
- High Yield Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
MSYIX Performance Chart
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Returns By Period
Morgan Stanley Institutional Fund Trust High Yield Portfolio
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
MSYIX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.47% | 0.00% | 0.47% | ||||||||||
| 2025 | 1.06% | 0.50% | -1.43% | -0.03% | 1.65% | 1.99% | 0.67% | 1.14% | 0.67% | 0.15% | 0.58% | 0.77% | 7.94% |
| 2024 | 0.71% | 0.32% | 1.51% | -0.85% | 1.05% | 1.16% | 1.15% | 1.47% | 1.23% | -0.17% | 1.20% | -0.30% | 8.78% |
| 2023 | 4.03% | -1.01% | 0.96% | 1.08% | -0.83% | 1.68% | 1.78% | -0.03% | -1.25% | -1.64% | 4.29% | 3.94% | 13.52% |
| 2022 | -1.89% | -1.29% | -0.66% | -3.31% | -1.14% | -6.53% | 4.92% | -1.44% | -4.01% | 2.85% | 1.28% | -0.51% | -11.56% |
| 2021 | 0.52% | 0.58% | 0.57% | 0.99% | 0.44% | 1.17% | 0.03% | 0.54% | 0.13% | -0.18% | -1.02% | 1.69% | 5.57% |
Benchmark Metrics
Morgan Stanley Institutional Fund Trust High Yield Portfolio has an annualized alpha of 4.47%, beta of 0.13, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since February 07, 2012.
- This fund participated in 36.05% of S&P 500 Index downside but only 35.90% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.25 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 0.25 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
- 4.47%
- Beta
- 0.13
- R²
- 0.25
- Upside Capture
- 35.90%
- Downside Capture
- 36.05%
Expense Ratio
MSYIX has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust High Yield Portfolio (MSYIX) 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.
| MSYIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Morgan Stanley Institutional Fund Trust High Yield Portfolio provided a 4.18% dividend yield over the last twelve months, with an annual payout of $0.36 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.60 | $0.62 | $0.57 | $0.50 | $0.53 | $0.56 | $0.61 | $0.58 | $0.58 | $0.62 | $0.62 |
Dividend yield | 4.18% | 7.03% | 7.25% | 6.71% | 6.29% | 5.57% | 5.90% | 6.20% | 6.27% | 5.75% | 6.22% | 6.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Morgan Stanley Institutional Fund Trust High Yield 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 | ||||||||||
| 2025 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.12 | $0.60 |
| 2024 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.12 | $0.62 |
| 2023 | $0.00 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.57 |
| 2022 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.09 | $0.50 |
| 2021 | $0.00 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.53 |
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 Trust High Yield 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 Trust High Yield Portfolio was 21.37%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -21.37%Mar 2020 | 1mo 4d | 8mo 6d | 9mo 10dFeb 2020 - Nov 2020 |
Bear market2022 | -14.95%Sep 2022 | 11mo 29d | 1y 2mo | 2y 2moOct 2021 - Dec 2023 |
2016 correction2016 | -12.08%Feb 2016 | 1y 7mo | 5mo 9d | 2y 10dJul 2014 - Jul 2016 |
Rate-hike selloffLate 2018 | -6.61%Dec 2018 | 3mo 2d | 3mo 6d | 6mo 8dSep 2018 - Apr 2019 |
2025 selloff2025 | -4.52%Apr 2025 | 1mo 5d | 1mo 6d | 2mo 11dMar 2025 - May 2025 |
Drawdown Indicators
| MSYIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.80% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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