Fund Evaluator:
Morgan Stanley Inst Passport ovrs eq A (MSIBX)
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Best Performing in Foreign Large Blend Over the Last Year
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Fund Details
Morgan Stanley Inst Passport ovrs eq A Overview
Morgan Stanley Inst Passport ovrs eq A (MSIBX) is an actively managed International Equity Foreign Large Blend fund. Morgan Stanley launched the fund in 1996.
The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the equity securities of issuers located outside of the United States. This policy may be changed without shareholder approval; however, the investors would be notified upon 60 days' notice in writing of any changes.
About Morgan Stanley Inst Passport ovrs eq A (MSIBX)
There are 2 members of the management team with an average tenure of 5.60 years: Jitania Kandhari (2017), Didier Rosenfeld (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Morgan Stanley Inst Passport ovrs eq A has 96 securities in its portfolio. The top 10 holdings constitute 34.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Morgan Stanley Inst Passport ovrs eq A is part of the Equity global asset class and is within the International Equity fund group. Morgan Stanley Inst Passport ovrs eq A has 94.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -1.8%. There is 94.8% allocated to foreign stock, and 0.7% 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 Inst Passport ovrs eq A has 6.3% of the portfolio in cash.
Assets Under Management
The fund has $65 million in total assets, which is below the $2 billion average for the Foreign Large Blend 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.
MSIBX 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 Inst Passport ovrs eq A expense ratio is high compared to funds in the Foreign Large Blend category. Morgan Stanley Inst Passport ovrs eq A has an expense ratio of 1.25%, which is 33% higher than its category average, making the fund expense ratio grade a D. 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 Inst Passport ovrs eq A has a portfolio turnover rate of 36%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.
Recently, in the month of July 2026, Morgan Stanley Inst Passport ovrs eq A returned -2.6%, which earned it a grade of F, as the Foreign Large Blend category had an average return of 0.7%. 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 Inst Passport ovrs eq A has a trailing yield of 1.07%, which is below the 2.17% category average. The fund normally distributes its income annually and its capital gains 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 Inst Passport ovrs eq A Grades
Year to date, the fund has returned 14.5%, 2.9 percentage points better than the category, which translates into a grade of A. The fund has returned 29.0% over the past year (grade of A), 18.1% over the past three years (grade of A) and 7.3% per year over the past five years (grade of D) and 9.7% per year over the past 10 years (grade of B).
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MSIBX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MSIBX Return (NAV) | -2.6% | 3.4% | 29.0% | 18.1% | 7.3% | 9.7% |
| MSIBX Grade | F | D | A | A | D | B |
| +/- Category | -3.3% | -1.1% | 4.8% | 2.2% | -1.1% | 0.6% |
| Foreign Large Blend Avg | 0.7% | 4.4% | 24.2% | 15.9% | 8.4% | 9.1% |
| MSIBX Tax Cost Ratio | na | na | 3.0% | 1.7% | 1.5% | 0.9% |
MSIBX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MSIBX Return (NAV) | 14.5% | 38.0% | 6.9% | 12.2% | -21.8% | 2.0% | 30.1% | 22.0% | -15.4% | 24.3% | -1.0% |
| MSIBX Grade | A | A | B | F | F | F | A | C | C | D | D |
| +/- Category | 2.9% | 7.5% | 2.0% | -4.1% | -5.4% | -8.1% | 18.3% | -0.9% | -0.2% | -2.1% | -2.0% |
| Foreign Large Blend Avg | 11.6% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 13.4% |
| Total Risk Index: | 1.09 - Above Average |
| Category Risk Index: | 1.04 - Above Average |
| Category Risk Grade: | D (79% Rank) |
| Beta: | 0.88 |
| R-Squared: | 83% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.1% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $193 Mil |
| Fund Total Assets: | $ 65 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 36% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.3 years | |||
| Average Tenure: 5.6 years | |||
| Managers (Year): Kandhari Jitania (2017), Rosenfeld Didier (2024) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 96 |
| % in Top 10 Holdings: | 34.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 94.8% |
Portfolio Allocation |
|
| Domestic Stock: | -1.8% |
| Foreign Stock: | 94.8% |
| Preferred Stock: | 0.7% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 6.3% |
Purchase Information
| Fund Family: | Morgan Stanley |
| Phone Number: | 800-869-6397 |
| Website: | www.morganstanley.com/im |
| Status: | Open |
| Inception Date: | January 2, 1996 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.25% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Morgan Stanley Inst Passport ovrs eq I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
