Fund Evaluator:

Morgan Stanley Instl Global Core I Overview

Morgan Stanley Instl Global Core I (MLMIX) is an actively managed International Equity Global Large-Stock Growth fund. Morgan Stanley launched the fund in 2016.

The investment seeks long-term capital appreciation. The Adviser seeks to achieve the fund's investment objective by investing primarily in U.S. and non-U.S. companies. The Adviser utilizes both a top-down and a bottom-up stock selection process, seeking investments in companies with attractive valuations, above-average appreciation potential and competitive dividend yields. The Adviser primarily uses a sector-neutral factor model that is broadly grouped into the following four categories: momentum/risk, valuation, quality and growth to help identify market drivers. The fund is non-diversified.

About Morgan Stanley Instl Global Core I (MLMIX)

There are 2 members of the management team with an average tenure of 10.18 years: Andrew Slimmon (2016), Phillip Kim (2016). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI World NR USD index with a weighting of 100%. Morgan Stanley Instl Global Core I has 43 securities in its portfolio. The top 10 holdings constitute 55.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Morgan Stanley Instl Global Core I is part of the Equity global asset class and is within the International Equity fund group. Morgan Stanley Instl Global Core I has 27.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 72.3%. There is 27.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Morgan Stanley Instl Global Core I has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $49 million in total assets, which is below the $988 million average for the Global Large-Stock Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MLMIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Morgan Stanley Instl Global Core I expense ratio is high compared to funds in the Global Large-Stock Growth category. Morgan Stanley Instl Global Core I has an expense ratio of 1.00%, which is 10% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Morgan Stanley Instl Global Core I has a portfolio turnover rate of 39%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Global Large-Stock Growth category.

Recently, in the month of July 2026, Morgan Stanley Instl Global Core I returned 1.8%, which earned it a grade of A, as the Global Large-Stock Growth category had an average return of -2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Morgan Stanley Instl Global Core I has a trailing yield of 0.07%, which is below the 0.27% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Morgan Stanley Instl Global Core I Grades

Year to date, the fund has returned 6.7%, 0.7 percentage points better than the category, which translates into a grade of C. The fund has returned 15.5% over the past year (grade of B), 16.8% over the past three years (grade of B) and 9.3% per year over the past five years (grade of B) and 10.9% per year over the past 10 years (grade of D).

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