Morgan Stanley Institutional Fund Trust Discovery Portfolio

Frequently Asked Questions About MACGX

What does MACGX invest in?

This investment aims to deliver substantial capital appreciation over the long term. The fund's advisor pursues this objective by primarily allocating capital to both established and developing companies whose market capitalization falls within the spectrum of the Russell Midcap® Growth Index. The advisor typically targets distinctive enterprises that demonstrate enduring competitive advantages and a clear outlook for future performance. Key selection criteria also include a proven ability to generate high returns on invested capital, robust financial health, and a compelling risk-to-reward proposition.

What is the expense ratio of MACGX?

Morgan Stanley Institutional Fund Trust Discovery Portfolio (MACGX) charges an expense ratio of 1.03%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MACGX?

Morgan Stanley Institutional Fund Trust Discovery Portfolio (MACGX) manages $1.22B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MACGX actively managed or an index fund?

MACGX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was MACGX launched?

Morgan Stanley Institutional Fund Trust Discovery Portfolio (MACGX) launched in January 1997 and is managed by Morgan Stanley.

How has MACGX performed?

MACGX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.