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Morgan Stanley U.S. Government Securities Trust (U...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Morgan Stanley U.S. Government Securities Trust (USGDX)

Mutual Fund · Currency in USD · Last updated May 30, 2025

The investment seeks a high level of current income consistent with safety of principal. The fund normally invests at least 80% of its net assets in a portfolio of U.S. government securities. In making investment decisions, the Adviser considers economic developments, interest rate trends and other factors. It may invest in to-be-announced pass-through mortgage securities, which settle on a delayed delivery basis ("TBAs"). The fund may also invest in asset-backed securities. It may invest in restricted and illiquid securities.

Fund Info

ISIN

US6169694089

CUSIP

616969408

Issuer

Morgan Stanley

Inception Date

Jul 28, 1997

Category

Intermediate Core Bond

Min. Investment

$1,000,000

Asset Class

Bond

Expense Ratio

USGDX has an expense ratio of 0.52%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Morgan Stanley U.S. Government Securities Trust

Performance

Performance Chart

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S&P 500

Returns By Period

Morgan Stanley U.S. Government Securities Trust (USGDX) returned 3.43% year-to-date (YTD) and 11.02% over the past 12 months. Over the past 10 years, USGDX returned 1.80% annually, underperforming the S&P 500 benchmark at 10.85%.

USGDX

YTD

3.43%

1M

-4.51%

6M

-1.38%

1Y

11.02%

3Y*

1.48%

5Y*

-0.33%

10Y*

1.80%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of USGDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.09%6.80%0.13%0.91%-5.19%3.43%
2024-0.62%-4.93%2.08%-8.49%6.21%3.94%6.13%4.10%1.65%-8.02%3.12%-6.01%-2.45%
20233.82%-2.24%2.19%0.57%-0.82%-1.51%-1.22%-1.87%-6.78%-5.13%12.25%10.52%8.38%
2022-1.37%-1.09%-2.80%-3.01%0.08%-0.61%2.04%-2.27%-3.79%-1.81%3.60%-0.96%-11.57%
20210.04%-1.03%-0.81%0.90%0.10%0.59%1.12%-0.24%-0.49%0.06%0.10%-0.59%-0.26%
20201.91%1.83%-0.86%1.44%0.57%0.90%0.79%-0.34%0.33%-0.37%0.32%0.35%7.04%
20190.63%0.06%1.58%-0.06%1.84%0.85%0.17%2.35%-0.51%-0.03%0.02%-0.17%6.90%
2018-1.01%-0.77%1.00%-0.66%1.17%-0.35%-0.05%0.67%-0.80%-0.55%0.30%2.02%0.91%
20170.12%0.77%-0.04%1.19%0.57%0.30%0.64%0.86%-0.17%0.29%-0.07%0.25%4.81%
20161.26%0.23%0.39%0.60%0.01%1.53%0.57%0.28%0.13%-0.67%-1.98%0.04%2.39%
20151.18%-0.81%0.35%-0.12%-0.37%-0.69%0.69%-0.13%0.47%0.10%-0.46%-0.16%0.03%
20141.28%0.37%-0.10%0.92%1.13%0.23%-0.24%0.90%-0.26%0.75%0.52%0.44%6.08%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of USGDX is 41, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of USGDX is 4141
Overall Rank
The Sharpe Ratio Rank of USGDX is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of USGDX is 4242
Sortino Ratio Rank
The Omega Ratio Rank of USGDX is 3333
Omega Ratio Rank
The Calmar Ratio Rank of USGDX is 4646
Calmar Ratio Rank
The Martin Ratio Rank of USGDX is 2727
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Morgan Stanley U.S. Government Securities Trust (USGDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Morgan Stanley U.S. Government Securities Trust Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.71
  • 5-Year: -0.03
  • 10-Year: 0.21
  • All Time: 0.58

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Morgan Stanley U.S. Government Securities Trust compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Morgan Stanley U.S. Government Securities Trust provided a 8.58% dividend yield over the last twelve months, with an annual payout of $0.56 per share. The fund has been increasing its distributions for 2 consecutive years.

2.00%4.00%6.00%8.00%10.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.56$0.62$0.47$0.36$0.36$0.35$0.29$0.33$0.43$0.23$0.19$0.25

Dividend yield

8.58%9.57%6.33%4.90%4.16%3.95%3.37%3.95%4.94%2.64%2.22%2.79%

Monthly Dividends

The table displays the monthly dividend distributions for Morgan Stanley U.S. Government Securities Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.06$0.06$0.00$0.18
2024$0.05$0.05$0.05$0.05$0.06$0.05$0.06$0.05$0.05$0.06$0.05$0.03$0.62
2023$0.04$0.02$0.05$0.05$0.02$0.03$0.02$0.03$0.08$0.05$0.03$0.03$0.47
2022$0.03$0.02$0.04$0.02$0.02$0.04$0.04$0.04$0.04$0.02$0.02$0.02$0.36
2021$0.03$0.02$0.04$0.04$0.02$0.04$0.04$0.02$0.04$0.03$0.02$0.02$0.36
2020$0.05$0.02$0.02$0.05$0.04$0.02$0.02$0.02$0.04$0.04$0.02$0.02$0.35
2019$0.02$0.03$0.02$0.02$0.03$0.02$0.03$0.02$0.03$0.03$0.02$0.03$0.29
2018$0.02$0.02$0.04$0.02$0.05$0.00$0.05$0.03$0.02$0.02$0.02$0.03$0.33
2017$0.02$0.05$0.03$0.06$0.02$0.05$0.05$0.03$0.05$0.04$0.02$0.02$0.43
2016$0.00$0.00$0.02$0.02$0.02$0.03$0.02$0.03$0.02$0.02$0.02$0.02$0.23
2015$0.02$0.02$0.00$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.00$0.03$0.19
2014$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.04$0.02$0.02$0.25

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 U.S. Government 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 U.S. Government Securities Trust was 25.69%, occurring on Oct 19, 2023. Recovery took 197 trading sessions.

The current Morgan Stanley U.S. Government Securities Trust drawdown is 10.17%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-25.69%Aug 5, 2021559Oct 19, 2023197Aug 1, 2024756
-16.87%Sep 17, 202481Jan 13, 2025———
-11.41%Feb 12, 2008183Oct 31, 2008415Jun 28, 2010598
-5.03%Mar 10, 20208Mar 19, 202069Jun 26, 202077
-4.39%May 3, 201387Sep 5, 2013164May 1, 2014251
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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