# Morgan Stanley Institutional Fund, Inc. Next Gen Emerging Markets Portfolio Class IS (MSRFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/msrfx 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: 2015-02-27 This fund aims to achieve substantial long-term capital growth for investors. Its strategy focuses on generating this growth by primarily allocating capital to equity securities of growth-oriented companies operating in emerging and frontier markets. Under normal conditions, a minimum of 80% of the portfolio's assets will be dedicated to equities of companies based in these developing regions. Furthermore, the investment selection process incorporates environmental, social, and governance (ESG) considerations. ## Key Facts | Metric | Value | |---|---| | Price | $17.59 | | Expense Ratio | 1.20% | | AUM (All Share Classes) | $20.7M | | NAV | $17.59 (2025-09-05 close) | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Annual | | 52-Week Range | $13.66 – $17.87 | | Beta | 0.63 | ## Latest Distribution - Amount: $0.5350 /share - Ex-date: 2024-12-16 - Pay date: 2024-12-16 ## Frequently Asked Questions ### What does MSRFX invest in? This fund aims to achieve substantial long-term capital growth for investors. Its strategy focuses on generating this growth by primarily allocating capital to equity securities of growth-oriented companies operating in emerging and frontier markets. Under normal conditions, a minimum of 80% of the portfolio's assets will be dedicated to equities of companies based in these developing regions. Furthermore, the investment selection process incorporates environmental, social, and governance (ESG) considerations. ### What is the expense ratio of MSRFX? Morgan Stanley Institutional Fund, Inc. Next Gen Emerging Markets Portfolio Class IS (MSRFX) charges an expense ratio of 1.20%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MSRFX? Morgan Stanley Institutional Fund, Inc. Next Gen Emerging Markets Portfolio Class IS (MSRFX) is one share class of a fund that manages $20.7M across all of its share classes (MFMPX 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 MSRFX actively managed or an index fund? MSRFX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MSRFX's is 1.20%) in exchange for the discretion to over- or under-weight positions. ### When was MSRFX launched? Morgan Stanley Institutional Fund, Inc. Next Gen Emerging Markets Portfolio Class IS (MSRFX) launched in February 2015 and is managed by Morgan Stanley. ### How has MSRFX performed? MSRFX'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 MSRFX pay a dividend? Morgan Stanley Institutional Fund, Inc. Next Gen Emerging Markets Portfolio Class IS (MSRFX) 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 MSRFX pay dividends? Morgan Stanley Institutional Fund, Inc. Next Gen Emerging Markets Portfolio Class IS pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MSRFX's dividend yield? MSRFX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is MSRFX's next ex-dividend date? The most recently announced ex-dividend date for MSRFX was 2024-12-16. 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 MSRFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.20% 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 MSRFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MSRFX'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 MSRFX cost more than a fund like VOO? MSRFX is actively managed (current expense ratio 1.20%). 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 MSRFX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MSRFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MSRFX (1.20%) 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/msrfx - Distribution history: https://www.dividenddata.com/funds/msrfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/msrfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/msrfx/expenses - Peer comparison: https://www.dividenddata.com/funds/msrfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.