MSIF International Advantage Portfolio Class A

Frequently Asked Questions About MFAPX

What does MFAPX invest in?

The fund's primary objective is to achieve substantial long-term capital growth. It predominantly allocates its investments to well-established companies operating in international markets, with capitalizations generally mirroring those found within the MSCI All Country World ex USA Index. Typically, at least 80% of its assets are invested in securities issued by entities located outside the United States. The fund has the flexibility to include a wide range of foreign securities, potentially extending to those in developing economies. Furthermore, it may invest in equity instruments, as well as privately placed and restricted securities.

What is the expense ratio of MFAPX?

MSIF International Advantage Portfolio Class A (MFAPX) charges an expense ratio of 1.28%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MFAPX?

MSIF International Advantage Portfolio Class A (MFAPX) manages $2.75B 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 MFAPX actively managed or an index fund?

MFAPX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MFAPX's is 1.28%) because there's no security selection cost.

When was MFAPX launched?

MSIF International Advantage Portfolio Class A (MFAPX) launched in December 2010 and is managed by the fund issuer.

How has MFAPX performed?

MFAPX'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.