| Ticker: | MSUAX |
| Manager: | Team Managed |
| Manager Since: | NA |
| NAV (05/20/2013): | 22.5 |
| Objective: | Equity - Sector Real Est |
| Peer: | RE LB |
| Net Assets ($mil): | 138.39 |
| Inception: | 10/01/1997 |
MSUAX : Description
The fund was incepted in October 1997 and is managed by Morgan Stanley Investment Management. The fund seeks to provide current income and long-term capital appreciation by investing primarily in equity securities of companies in the European real estate industry. Under normal circumstances, at least 80% of the fund's assets are invested in equity securities of companies in the European real estate industry. Dividends are distributed quarterly. Net realized capital gains, if any, are distributed at least annually.
MSUAX : Composition - 05/13
| Stocks | 99.10% |
| Foreign Stocks | 91.49% |
| Cash | 0.04% |
| Bonds | 0.00% |
| Foreign Bonds | 0.00% |
| Preferred | 0.00% |
| Convertible | 0.00% |
| Other | 0.86% |
| Foreign Hedged | 0.00% |
MSUAX : Style Analysis - 05/13
| Large Growth | 0.00% |
| Large Value | 0.00% |
| Small Growth | 0.00% |
| Small Value | 0.00% |
| Foreign Stock | 0.00% |
| Emerging Market | 0.00% |
| Precious Metals | 0.00% |
| Intermediate Bond | 0.00% |
| High Yield Bond | 19.26% |
| Foreign Bond | 13.13% |
MSUAX : Risk Analysis
| Beta v. S&P 500 | 0.15 |
| Beta v. EAFE | 1.06 |
| Beta v. Barclays Agg Bond | 1.77 |
| Alpha 3 Yr | -0.79 |
| Alpha 5 Yr | -4.46 |
| R-Sq 3 Yr | 0.67 |
| R-Sq 5 Yr | 0.75 |
| Std Dev 3 Yr | 23.34 |
| Std Dev 5 Yr | 29.58 |
| Sharpe 3 Yr | 0.73 |
| Sharpe 5 Yr | 0.15 |
MSUAX : Fees
| Expense Ratio | 1.00 |
| % Max Load | NA |
| % Min Load | NA |
| % Deferred Load | NA |
| % Redemption | 2.00 |
| % Max 12 B1 Fee | 0.00 |
| % Max Mgt Fee | 0.80 |
MSUAX : Purchase Choices:
| Min Initial Investment | 5000000 |
| Min Subsequent Investment | 0 |
MSUAX : Returns Analysis - Annual
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 15.13 | 21.95 | 23.64 | 34.82 | 25.46 | 12.59 | 17.80 | 18.85 | 14.66 | 20.16 | 22.5 |
| Total Return (%) | 42.41 | 47.48 | 15.52 | 56.08 | -17.04 | -50.26 | 46.54 | 9.50 | -19.92 | 44.04 | 12.15 |
| Annual Dividend Yield (%) | 2.64 | 1.56 | 1.30 | 2.23 | 6.18 | 0.00 | 3.35 | 3.09 | 3.44 | 3.88 | 3.45 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | 137.22 | 366.08 | 106.30 | 402.87 | -225.38 | -132.55 | 201.22 | -55.55 | -220.23 | 280.56 | -5.90 |
| Rel Performance-Obj.Ret.(%) | 62.06 | 156.65 | 41.31 | 233.70 | -9.30 | -94.90 | 147.69 | -138.42 | -204.27 | 216.41 | -0.10 |
| Ret.Quintile vs Obj(1 is best) | 1 | 1 | 1 | 1 | 4 | 5 | 1 | 5 | 5 | 1 | 4 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 22 | 51 | 130 | 1,126 | 1,053 | 427 | 464 | 398 | 208 | 138 | 138 |
| Annual Turnover (%) | 47.00 | 42.00 | 25.00 | 36.00 | 55.00 | 54.00 | 56.00 | 64.00 | 18.00 | 31.00 | 0.00 |
| Annual Dividend Paid ($) | 0.42 | 0.36 | 0.34 | 0.85 | 1.77 | 0.00 | 0.63 | 0.61 | 0.53 | 0.83 | 0.00 |
| Annual Capital Gains Paid($) | 0.00 | 0.00 | 1.36 | 1.10 | 1.64 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
MSUAX : 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) | 8.38% | 9.59% | 21.95% | 12.15% | 36.27% | 14.16% | 0.24% | 12.74% | 9.01% | NA |
| Ret. Percentile vs. Obj. (1 is best) | 1 | 51 | 2 | 66 | 2 | 69 | 92 | 22 | 59 | NA |
MSUAX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | 0.00 |
| Average Price/Book | 0.00 |
| Average EPS Growth | 0.00 |
| Average Market Value | 0.00 |
MSUAX : Stock Sector Breakout - 05/13
MSUAX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| SUN HUNG KAI PROPERTIES LTD | 10.68 | 1,010,703 |
| MITSUBISHI ESTATE CO LTD | 7.00 | 418,000 |
| WESTFIELD GROUP | 5.27 | 682,624 |
| MITSUI FUDOSAN CO LTD | 5.23 | 306,000 |
| LAND SECURITIES GROUP | 2.27 | 239,499 |
| SUMITOMO RLTY & DEV | 4.14 | 178,000 |
| UNIBAL RODAMCO SE | 3.93 | 22,957 |
| WESTFIELD RETAIL TRUST | 3.07 | 1,890,560 |
| HONGKONG LAND HLDGS LTD | 4.79 | 973,000 |