Morgan Stanley Mortgage Securities Trust (MTGDX)
The fund normally invests at least 80% of its assets in mortgage-related securities. These mortgage-related securities may include mortgage-backed securities such as mortgage pass-through securities, collateralized mortgage obligations ("CMOs"), stripped mortgage-backed securities ("SMBS"), commercial mortgage-backed securities ("CMBS") and inverse floating rate obligations ("inverse floaters"). It may invest up to 50% of its net assets in high yield securities (commonly referred to as "junk bonds").
Fund Info
| ISIN | US6169624037 |
|---|---|
| CUSIP | 616962403 |
| Issuer | Morgan Stanley |
| Inception Date | Jul 28, 1997 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
MTGDX features an expense ratio of 0.72%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MTGDX vs. MWFEX, MTGDX vs. BND, MTGDX vs. DODIX, MTGDX vs. XLK
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Morgan Stanley Mortgage Securities Trust, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Morgan Stanley Mortgage Securities Trust had a return of 9.06% year-to-date (YTD) and 13.55% in the last 12 months. Over the past 10 years, Morgan Stanley Mortgage Securities Trust had an annualized return of 4.23%, while the S&P 500 had an annualized return of 11.39%, indicating that Morgan Stanley Mortgage Securities Trust did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.06% | 25.48% |
| 1 month | -0.49% | 2.14% |
| 6 months | 6.32% | 12.76% |
| 1 year | 13.55% | 33.14% |
| 5 years (annualized) | 3.78% | 13.96% |
| 10 years (annualized) | 4.23% | 11.39% |
Monthly Returns
The table below presents the monthly returns of MTGDX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.12% | -0.89% | 1.53% | -1.46% | 2.50% | 1.39% | 2.75% | 2.06% | 1.34% | -1.25% | 9.06% | ||
| 2023 | 3.22% | -1.78% | 2.71% | 0.99% | 0.27% | -0.82% | 0.46% | 0.11% | -1.22% | -0.51% | 3.79% | 2.84% | 10.31% |
| 2022 | -0.77% | -0.16% | -2.53% | -1.15% | 0.62% | -0.47% | 1.92% | -1.58% | -3.65% | -0.99% | 2.34% | -0.67% | -7.00% |
| 2021 | 0.31% | -0.23% | -0.12% | 1.17% | 0.31% | 0.32% | 0.78% | 0.07% | -0.08% | -0.40% | 0.11% | -0.12% | 2.15% |
| 2020 | 1.46% | 0.82% | -8.55% | 1.87% | 1.91% | 2.63% | 1.51% | 0.25% | 1.09% | 0.60% | 0.35% | 0.85% | 4.38% |
| 2019 | 0.52% | 0.30% | 1.11% | 0.41% | 1.36% | 0.62% | 0.41% | 1.08% | 0.16% | 0.29% | 0.14% | 0.66% | 7.29% |
| 2018 | -0.41% | 0.00% | 0.63% | -0.27% | 0.81% | 0.07% | -0.18% | 0.70% | -0.54% | -0.28% | 0.30% | 1.66% | 2.51% |
| 2017 | 0.92% | 0.71% | 0.63% | 0.90% | 1.04% | 0.22% | 0.95% | 0.91% | 0.24% | 0.48% | 0.07% | 0.44% | 7.76% |
| 2016 | 0.12% | -0.97% | 0.96% | 1.18% | 0.17% | 0.98% | 1.26% | 0.96% | 1.65% | -0.18% | -1.30% | -0.24% | 4.63% |
| 2015 | 0.73% | 0.05% | 0.13% | 0.32% | -0.22% | -0.78% | 0.83% | 0.06% | 0.42% | 0.02% | -0.48% | -0.06% | 1.02% |
| 2014 | 1.73% | 0.83% | -0.46% | 1.16% | 1.37% | 0.33% | 0.19% | 0.19% | 0.06% | 1.00% | 0.74% | 0.39% | 7.77% |
| 2013 | 0.94% | 0.50% | 0.69% | 0.53% | 0.10% | -2.14% | 0.12% | -0.44% | 1.22% | 1.42% | 0.41% | -0.11% | 3.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MTGDX is 78, placing it in the top 22% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Morgan Stanley Mortgage Securities Trust (MTGDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Morgan Stanley Mortgage Securities Trust provided a 8.19% dividend yield over the last twelve months, with an annual payout of $0.63 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.63 | $0.52 | $0.47 | $0.31 | $0.33 | $0.44 | $0.35 | $0.40 | $0.34 | $0.42 | $0.62 | $0.54 |
Dividend yield | 8.19% | 6.83% | 6.30% | 3.69% | 3.83% | 5.14% | 4.13% | 4.69% | 4.06% | 5.05% | 7.26% | 6.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Morgan Stanley Mortgage Securities Trust. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.03 | $0.06 | $0.07 | $0.07 | $0.03 | $0.08 | $0.08 | $0.03 | $0.04 | $0.00 | $0.56 | |
| 2023 | $0.03 | $0.04 | $0.04 | $0.07 | $0.07 | $0.04 | $0.03 | $0.04 | $0.06 | $0.03 | $0.03 | $0.03 | $0.52 |
| 2022 | $0.03 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.47 |
| 2021 | $0.02 | $0.02 | $0.04 | $0.04 | $0.02 | $0.04 | $0.04 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.31 |
| 2020 | $0.04 | $0.02 | $0.02 | $0.05 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.04 | $0.02 | $0.02 | $0.33 |
| 2019 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.18 | $0.44 |
| 2018 | $0.03 | $0.06 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.05 | $0.05 | $0.03 | $0.03 | $0.40 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.34 |
| 2015 | $0.04 | $0.04 | $0.00 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.03 | $0.00 | $0.05 | $0.42 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.04 | $0.05 | $0.62 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.11 | $0.54 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Morgan Stanley Mortgage Securities Trust. 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 Mortgage Securities Trust was 12.97%, occurring on Aug 6, 2008. Recovery took 440 trading sessions.
The current Morgan Stanley Mortgage Securities Trust drawdown is 1.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.97% | Jan 23, 2008 | 136 | Aug 6, 2008 | 440 | May 6, 2010 | 576 |
| -10.8% | Aug 4, 2021 | 307 | Oct 20, 2022 | 286 | Dec 6, 2023 | 593 |
| -9.46% | Mar 10, 2020 | 21 | Apr 7, 2020 | 120 | Sep 28, 2020 | 141 |
| -5.79% | Oct 6, 1998 | 221 | Aug 10, 1999 | 230 | Jul 5, 2000 | 451 |
| -3.95% | Nov 8, 2001 | 27 | Dec 17, 2001 | 113 | May 31, 2002 | 140 |
Volatility
Volatility Chart
The current Morgan Stanley Mortgage Securities Trust volatility is 1.34%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.