| Ticker: | HYLDX |
| Manager: | Scott Roberts |
| Manager Since: | 06/10 |
| NAV (06/19/2013): | 17.98 |
| Objective: | Fixed Income - Corp High Yield |
| Peer: | CH IT |
| Net Assets ($mil): | 43.22 |
| Inception: | 09/26/1979 |
HYLDX : Description
The fund was incepted in September 1979 and is managed by Morgan Stanley Investment Advisors. The objective of the fund is to seek a high level of current income and capital appreciation is a secondary objective. The fund invests at least 80% of its assets in lower-rated (below investment grade) fixed-income securities or in non-rated securities, considered by the fund's investment manager to be appropriate investments for the fund. Income dividends are distributed monthly. Capital gains, if any, are distributed in December.
HYLDX : Composition - 05/13
| Stocks | 0.22% |
| Foreign Stocks | 0.00% |
| Cash | 0.00% |
| Bonds | 96.31% |
| Foreign Bonds | 13.55% |
| Preferred | 1.92% |
| Convertible | 0.48% |
| Other | 1.08% |
| Foreign Hedged | 0.00% |
HYLDX : Style Analysis - 05/13
| Large Growth | NA |
| Large Value | NA |
| Small Growth | NA |
| Small Value | NA |
| Foreign Stock | NA |
| Emerging Market | NA |
| Precious Metals | NA |
| Intermediate Bond | NA |
| High Yield Bond | NA |
| Foreign Bond | NA |
HYLDX : Risk Analysis
| Beta v. S&P 500 | 0.16 |
| Beta v. EAFE | 0.24 |
| Beta v. Barclays Agg Bond | 0.76 |
| Alpha 3 Yr | 12.06 |
| Alpha 5 Yr | 2.98 |
| R-Sq 3 Yr | 0.01 |
| R-Sq 5 Yr | 0.11 |
| Std Dev 3 Yr | 7.39 |
| Std Dev 5 Yr | 13.28 |
| Sharpe 3 Yr | 1.43 |
| Sharpe 5 Yr | 0.75 |
HYLDX : Fees
| Expense Ratio | 1.32 |
| % Max Load | NA |
| % Min Load | NA |
| % Deferred Load | NA |
| % Redemption | NA |
| % Max 12 B1 Fee | 0.00 |
| % Max Mgt Fee | 0.42 |
HYLDX : Purchase Choices:
| Min Initial Investment | 1000 |
| Min Subsequent Investment | 50 |
HYLDX : Returns Analysis - Annual
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 18.00 | 18.40 | 17.20 | 17.70 | 17.20 | 12.30 | 16.51 | 17.06 | 16.08 | 17.99 | 17.98 |
| Total Return (%) | 28.51 | 9.65 | 0.79 | 10.14 | 3.91 | -21.89 | 46.75 | 11.27 | 1.60 | 19.03 | 4.57 |
| Annual Dividend Yield (%) | 7.18 | 6.58 | 7.39 | 6.36 | 6.53 | 10.11 | 7.50 | 6.88 | 7.46 | 5.67 | 5.66 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | -4.52 | -14.84 | -19.41 | -17.24 | 20.38 | 19.05 | -114.62 | -38.36 | -33.84 | 32.24 | -1.80 |
| Rel Performance-Obj.Ret.(%) | 56.77 | 18.13 | -9.73 | 15.05 | 39.28 | 24.20 | 125.63 | -11.93 | -1.90 | 63.21 | 6.50 |
| Ret.Quintile vs Obj(1 is best) | 2 | 3 | 5 | 2 | 1 | 2 | 3 | 4 | 4 | 1 | 2 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 178 | 155 | 125 | 72 | 57 | 49 | 41 | 41 | 37 | 41 | 43 |
| Annual Turnover (%) | 66.00 | 51.00 | 43.00 | 26.00 | 26.00 | 27.00 | 85.00 | 84.00 | 62.00 | 56.00 | 0.00 |
| Annual Dividend Paid ($) | 1.35 | 1.26 | 1.33 | 1.18 | 1.17 | 1.30 | 1.29 | 1.22 | 1.25 | 1.06 | 0.36 |
| Annual Capital Gains Paid($) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
HYLDX : Returns Analysis - Trailing Total Return
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | 2.05% | 3.30% | 7.20% | 4.57% | 14.85% | 10.39% | 9.28% | 8.93% | 1.09% | 3.43% |
| Ret. Percentile vs. Obj. (1 is best) | 9 | 26 | 27 | 34 | 8 | 17 | 24 | 12 | 95 | 94 |
HYLDX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | NA |
| Average Price/Book | NA |
| Average EPS Growth | NA |
| Average Market Value | NA |
HYLDX : Stock Sector Breakout - 05/13
HYLDX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| Data not available | ||