# Morgan Stanley Institutional Corporate Bond Portfolio;I (MPFDX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mpfdx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Morgan Stanley · Asset class: Bond - Strategy: Actively Managed · Inception: 1990-08-31 This investment vehicle's objective is to achieve a total return that exceeds the market average over an economic cycle lasting between three and five years. A significant portion of its assets, at least 80%, is allocated to corporate debt securities. The fund primarily invests in corporate bonds issued by U.S. entities that hold an investment-grade credit rating. This typically means a rating of Baa3 or higher from Moody's Investors Service, Inc., BBB- or higher from S&P Global Ratings Group, or BBB- or higher from Fitch Ratings, Inc. Additionally, the fund may include unrated bonds if its... ## Key Facts | Metric | Value | |---|---| | Price | $10.18 | | Expense Ratio | 0.65% | | Assets Under Management | $159.2M | | NAV | $10.18 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 4.83% | | Annual Distribution (TTM) | $0.49 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.98 – $10.83 | | Beta | 1.14 | ## Latest Distribution - Amount: $0.0425 /share - Ex-date: 2026-10-02 - Pay date: 2026-10-02 ## Frequently Asked Questions ### What does MPFDX invest in? This investment vehicle's objective is to achieve a total return that exceeds the market average over an economic cycle lasting between three and five years. A significant portion of its assets, at least 80%, is allocated to corporate debt securities. The fund primarily invests in corporate bonds issued by U.S. entities that hold an investment-grade credit rating. This typically means a rating of Baa3 or higher from Moody's Investors Service, Inc., BBB- or higher from S&P Global Ratings Group, or BBB- or higher from Fitch Ratings, Inc. Additionally, the fund may include unrated bonds if its adviser considers them to be of equivalent quality. ### What is the expense ratio of MPFDX? Morgan Stanley Institutional Corporate Bond Portfolio;I (MPFDX) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations. ### What is MPFDX's dividend yield? MPFDX's trailing-twelve-month yield is 4.83%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of MPFDX? Effective duration measures MPFDX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MPFDX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of MPFDX? MPFDX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of MPFDX? Yield to maturity (YTM) is the total return you'd earn from MPFDX if every bond in the portfolio is held to maturity at the current price. MPFDX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does MPFDX pay a dividend? Yes, Morgan Stanley Institutional Corporate Bond Portfolio;I (MPFDX) distributes dividends to shareholders. The trailing-twelve-month yield is 4.83%. Full dividend history is on this page. ### How often does MPFDX pay dividends? Morgan Stanley Institutional Corporate Bond Portfolio;I pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is MPFDX's next ex-dividend date? The most recently announced ex-dividend date for MPFDX was 2026-10-02. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will MPFDX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.65% 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 MPFDX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MPFDX'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 MPFDX cost more than a fund like VOO? MPFDX is actively managed (current expense ratio 0.65%). 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 MPFDX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MPFDX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MPFDX (0.65%) 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/mpfdx - Distribution history: https://www.dividenddata.com/funds/mpfdx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mpfdx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mpfdx/expenses - Peer comparison: https://www.dividenddata.com/funds/mpfdx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.