# Morgan Stanley Inst Discovery Portfolio;A (MACGX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/macgx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Morgan Stanley · Asset class: Equity - Strategy: Actively Managed · Inception: 1997-01-31 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... ## Key Facts | Metric | Value | |---|---| | Price | $16.65 | | Expense Ratio | 1.03% | | AUM (All Share Classes) | $1.19B | | NAV | $16.65 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Annual | | 52-Week Range | $14.04 – $18.34 | | Beta | 1.66 | ## Latest Distribution - Amount: $10.1070 /share - Ex-date: 2021-12-13 - Pay date: 2021-12-13 ## Frequently Asked Questions ### 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 Inst Discovery Portfolio;A (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 Inst Discovery Portfolio;A (MACGX) is one share class of a fund that manages $1.19B across all of its share classes (MPEGX reports the same total). Our data does not carry the assets of this share class alone. 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 is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MACGX's is 1.03%) in exchange for the discretion to over- or under-weight positions. ### When was MACGX launched? Morgan Stanley Inst Discovery Portfolio;A (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. ### Does MACGX pay a dividend? Morgan Stanley Inst Discovery Portfolio;A (MACGX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MACGX pay dividends? Morgan Stanley Inst Discovery Portfolio;A pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MACGX's dividend yield? MACGX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is MACGX's next ex-dividend date? The most recently announced ex-dividend date for MACGX was 2021-12-13. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will MACGX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.03% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MACGX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MACGX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MACGX cost more than a fund like VOO? MACGX is actively managed (current expense ratio 1.03%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MACGX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MACGX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MACGX (1.03%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/macgx - Distribution history: https://www.dividenddata.com/funds/macgx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/macgx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/macgx/expenses - Peer comparison: https://www.dividenddata.com/funds/macgx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.