MSIFT Core Plus Fixed Income Class A
MFXAX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- One Tower Bridge
- IPO Date
- Nov 7, 1996
- CIK
- 0000741375
- Similar Companies
- Business
- Morgan Stanley Institutional Fund Trust (MSIFT) Core Plus Fixed Income Portfolio Class A (MFXAX) is an open-end mutual fund that seeks above-average total return over a market cycle of three to five years through a value-oriented fixed income strategy. The fund primarily invests at least 80% of its assets in a diversified mix of U.S. dollar-denominated investment-grade fixed income securities, including U.S. government bonds, corporate bonds, municipal securities, securitized assets such as commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), and asset-backed securities (ABS); it maintains flexibility to allocate up to 20% to below-investment-grade high-yield bonds, non-U.S. dollar denominated securities, and emerging markets debt. Managed by Morgan Stanley Investment Management, with Vishal Khanduja as a key portfolio manager, the strategy employs top-down macro and asset allocation alongside bottom-up fundamental and quantitative analysis. Headquartered in New York, New York, the fund operates as part of the broader Morgan Stanley Institutional Fund Trust, which offers various equity and fixed income portfolios primarily targeting institutional and intermediary investors in the United States. The Core Plus Fixed Income Portfolio emphasizes benchmark-aware risk management relative to the Bloomberg U.S. Aggregate Bond Index, with typical portfolio characteristics including an effective duration around 6 years, weighted average life of approximately 8-9 years, and holdings diversified across 250+ securities. In recent developments, Morgan Stanley Investment Management, the fund's adviser, has expanded its capabilities through strategic partnerships, including new collaborations with Harding Loevner and Schafer Cullen Capital Management announced in December 2025 to enhance its Custom Active equity strategies under Parametric Portfolio Associates, part of MSIM. While no fund-specific acquisitions or name changes for MFXAX have been reported in the last 1-2 years, Morgan Stanley has pursued broader operational integrations, such as deepening its alliance with MUFG in Japan for equity research, sales, and execution services in 2023-2024, alongside ongoing asset management growth via prior acquisitions like Eaton Vance and E*Trade. The fund continues to maintain its core investment approach without major strategic shifts, focusing on competitive risk-adjusted returns in a stable income environment.