Fund Evaluator:

Morgan Stanley Instl US Core R6 Overview

Morgan Stanley Instl US Core R6 (MUOSX) is an actively managed U.S. Equity Large Blend 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. 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. Under normal circumstances, at least 80% of the fund's assets will be invested in equity securities of issuers located in the United States. It is non-diversified.

About Morgan Stanley Instl US Core R6 (MUOSX)

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: S&P 500 (TR) (1970) index with a weighting of 100%. Morgan Stanley Instl US Core R6 has 32 securities in its portfolio. The top 10 holdings constitute 66.6% 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 US Core R6 is part of the Equity global asset class and is within the U.S. Equity fund group. Morgan Stanley Instl US Core R6 has 2.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.7%. There is 2.8% 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 US Core R6 has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $1 million in total assets, which is below the $6 billion average for the 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.

MUOSX 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 US Core R6 expense ratio is above average compared to funds in the Large Blend category. Morgan Stanley Instl US Core R6 has an expense ratio of 0.75%, which is 8% 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 US Core R6 has a portfolio turnover rate of 42%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, Morgan Stanley Instl US Core R6 returned 1.5%, which earned it a grade of B, as the Large Blend category had an average return of 0.4%. 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 US Core R6 has a trailing yield of 0.00%, which is below the 0.56% 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 Instl US Core R6 Grades

Year to date, the fund has returned 4.5%, 4.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 11.9% over the past year (grade of F), 18.6% over the past three years (grade of C) and 10.5% per year over the past five years (grade of D) and 13.8% per year over the past 10 years (grade of C).

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