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Mutual Fund Bond fund seekers should not consider taking a look at Morgan Stanley Global Fixed Income Opportunity A (DINAX - Free Report) at this time. DINAX bears a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
MorgStanley is based in New York, NY, and is the manager of DINAX. Morgan Stanley Global Fixed Income Opportunity A made its debut in August of 1997, and since then, DINAX has accumulated about $61.18 million in assets, per the most up-to-date date available. The fund is currently managed by a team of investment professionals.
Performance
Investors naturally seek funds with strong performance. DINAX has a 5-year annualized total return of 1.82% and is in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 0.02%, which places it in the middle third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. DINAX's standard deviation over the past three years is 3.75% compared to the category average of 12.73%. The fund's standard deviation over the past 5 years is 5.51% compared to the category average of 13.63%. This makes the fund less volatile than its peers over the past half-decade.
Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, DINAX is a load fund. It has an expense ratio of 0.83% compared to the category average of 0.83%. From a cost perspective, DINAX is actually on par with its peers.
Investors should also note that the minimum initial investment for the product is $1,000 and that each subsequent investment needs to be at $100
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Bottom Line
Overall, Morgan Stanley Global Fixed Income Opportunity A ( DINAX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, better downside risk, and on par fees, Morgan Stanley Global Fixed Income Opportunity A ( DINAX ) looks like a somewhat weak choice for investors right now.
Don't stop here for your research on Mutual Fund Bond funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare DINAX to its peers as well for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.
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Is DINAX a Strong Bond Fund Right Now?
Mutual Fund Bond fund seekers should not consider taking a look at Morgan Stanley Global Fixed Income Opportunity A (DINAX - Free Report) at this time. DINAX bears a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.
History of Fund/Manager
MorgStanley is based in New York, NY, and is the manager of DINAX. Morgan Stanley Global Fixed Income Opportunity A made its debut in August of 1997, and since then, DINAX has accumulated about $61.18 million in assets, per the most up-to-date date available. The fund is currently managed by a team of investment professionals.
Performance
Investors naturally seek funds with strong performance. DINAX has a 5-year annualized total return of 1.82% and is in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 0.02%, which places it in the middle third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. DINAX's standard deviation over the past three years is 3.75% compared to the category average of 12.73%. The fund's standard deviation over the past 5 years is 5.51% compared to the category average of 13.63%. This makes the fund less volatile than its peers over the past half-decade.
Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, DINAX is a load fund. It has an expense ratio of 0.83% compared to the category average of 0.83%. From a cost perspective, DINAX is actually on par with its peers.
Investors should also note that the minimum initial investment for the product is $1,000 and that each subsequent investment needs to be at $100
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Bottom Line
Overall, Morgan Stanley Global Fixed Income Opportunity A ( DINAX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, better downside risk, and on par fees, Morgan Stanley Global Fixed Income Opportunity A ( DINAX ) looks like a somewhat weak choice for investors right now.
Don't stop here for your research on Mutual Fund Bond funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare DINAX to its peers as well for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.