Morgan Stanley Pathway Funds High Yield Fund (THYUX)
The fund will invest at least 80% of its net assets in USD-denominated high yield fixed income securities of corporate issuers rated below investment grade by two or more nationally recognized statistical rating organizations, or, if unrated, of equivalent quality as determined by the Sub-advisers. It may invest up to 20% of its assets in securities not denominated in USD, including securities of issuers located in emerging market foreign countries. The fund also may invest up to 20% of its assets in equity and equity-related securities.
Fund Info
US61769L6011
Jul 13, 1998
$1,000
Expense Ratio
THYUX has an expense ratio of 0.76%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
Morgan Stanley Pathway Funds High Yield Fund (THYUX) returned 1.14% year-to-date (YTD) and 7.43% over the past 12 months. Over the past 10 years, THYUX returned 3.37% annually, underperforming the S&P 500 benchmark at 10.85%.
THYUX
1.14%
1.27%
0.64%
7.43%
5.59%
4.52%
3.37%
^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 THYUX, 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 | 1.25% | 0.62% | -1.93% | -0.03% | 1.27% | 1.14% | |||||||
| 2024 | 0.06% | 0.22% | 1.19% | -0.99% | 0.95% | 0.88% | 1.54% | 1.52% | 1.20% | -0.40% | 1.51% | -0.49% | 7.39% |
| 2023 | 3.95% | -1.20% | 0.26% | 1.16% | -1.03% | 1.83% | 1.51% | 0.54% | -1.05% | -1.68% | 4.24% | 3.71% | 12.67% |
| 2022 | -2.39% | -1.28% | -0.85% | -3.31% | -1.01% | -6.82% | 5.40% | -1.66% | -4.27% | 2.20% | 2.21% | -0.38% | -12.02% |
| 2021 | 0.11% | 0.38% | -0.08% | 1.19% | 0.11% | 1.24% | 0.13% | 0.40% | 0.14% | -0.14% | -0.95% | 1.86% | 4.47% |
| 2020 | -0.26% | -1.59% | -10.91% | 1.76% | 3.37% | 0.47% | 4.81% | 0.41% | -1.02% | 0.45% | 3.83% | 1.61% | 2.02% |
| 2019 | 4.57% | 1.26% | 1.00% | 1.24% | -0.88% | 2.33% | 0.72% | 0.21% | 0.16% | 0.16% | 0.59% | 2.05% | 14.13% |
| 2018 | 0.24% | -0.94% | -0.90% | 0.80% | 0.00% | 0.48% | 1.29% | 0.99% | 0.48% | -1.75% | -0.87% | -2.64% | -2.85% |
| 2017 | 1.47% | 1.25% | 0.00% | 1.01% | 0.77% | 0.23% | 1.14% | -0.57% | 1.22% | 0.20% | -0.33% | 0.42% | 7.02% |
| 2016 | -2.08% | -0.02% | 3.81% | 2.93% | 0.55% | 1.10% | 2.43% | 1.90% | 0.80% | 0.56% | -0.26% | 1.70% | 14.11% |
| 2015 | 0.31% | 2.23% | -0.39% | 0.99% | 0.31% | -1.43% | -0.93% | -2.26% | -2.81% | 2.19% | -2.62% | -3.09% | -7.42% |
| 2014 | 0.62% | 1.88% | 0.57% | 0.50% | 0.77% | 0.99% | -1.33% | 1.14% | -2.22% | 0.54% | -1.31% | -2.06% | -0.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, THYUX 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 Morgan Stanley Pathway Funds High Yield Fund (THYUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
Morgan Stanley Pathway Funds High Yield Fund provided a 6.91% dividend yield over the last twelve months, with an annual payout of $0.22 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.24 | $0.20 | $0.20 | $0.18 | $0.16 | $0.20 | $0.23 | $0.23 | $0.24 | $0.26 | $0.27 |
Dividend yield | 6.91% | 7.50% | 6.32% | 6.61% | 4.95% | 4.22% | 5.22% | 6.46% | 6.06% | 6.18% | 7.44% | 6.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Morgan Stanley Pathway Funds High Yield 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 | $0.00 | $0.00 | $0.02 | $0.02 | $0.00 | $0.04 | |||||||
| 2024 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.24 |
| 2023 | $0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.20 |
| 2022 | $0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.20 |
| 2021 | $0.00 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.18 |
| 2020 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.16 |
| 2019 | $0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.05 | $0.20 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.04 | $0.23 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.23 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2014 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
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.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the Morgan Stanley Pathway Funds High Yield 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 Morgan Stanley Pathway Funds High Yield Fund was 35.25%, occurring on Dec 12, 2008. Recovery took 191 trading sessions.
The current Morgan Stanley Pathway Funds High Yield Fund drawdown is 0.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.25% | Jun 4, 2007 | 386 | Dec 12, 2008 | 191 | Sep 17, 2009 | 577 |
| -23.55% | May 6, 1999 | 865 | Oct 10, 2002 | 316 | Jan 14, 2004 | 1181 |
| -21.2% | Feb 24, 2020 | 21 | Mar 23, 2020 | 178 | Dec 3, 2020 | 199 |
| -17.2% | Jul 10, 2014 | 402 | Feb 11, 2016 | 223 | Dec 29, 2016 | 625 |
| -15.5% | Dec 31, 2021 | 189 | Sep 30, 2022 | 360 | Mar 8, 2024 | 549 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...