Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX)

Fund Assets	766.49M
Expense Ratio	1.03%
Min. Investment	$1,000
Turnover	88.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	17.04
YTD Return	2.83%
1-Year Return	-7.48%
5-Year Return	-29.43%
52-Week Low	14.04
52-Week High	19.19
Beta (5Y)	1.44
Holdings	44
Inception Date	Jan 31, 1997

About MACGX

Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A is an actively managed mutual fund focused on achieving long-term capital growth. The fund primarily invests in established and emerging U.S. mid-cap companies, targeting firms believed to possess sustainable competitive advantages, robust business visibility, strong balance sheets, and attractive risk/reward profiles. Positioned within the mid-cap growth category, the portfolio is notably concentrated in sectors such as information technology, consumer discretionary, and healthcare, demonstrating a preference for companies expected to deliver above-average earnings and sales growth. The fund’s investment strategy is supported by a seasoned management team with decades of industry experience, and its holdings reflect a bias toward innovation-driven and rapidly expanding companies. With a moderate portfolio turnover and a significant weighting in its top holdings, the Discovery Portfolio plays a significant role for investors seeking exposure to the dynamic segment of U.S. mid-cap growth equities, offering diversified access across select growth-oriented industries.

• Fund Family: Morgan Stanley
• Category: Mid-Cap Growth
• Performance Rating: Below Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: MACGX
• Share Class: Class A Shares
• Index: Russell MidCap Growth TR

Performance

MACGX had a total return of -7.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.33%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VMGRX	Vanguard	Vanguard Mid-Cap Growth Fund Investor Shares	0.33%
FMDGX	Fidelity	Fidelity Mid Cap Growth Index Fund	0.05%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MMCGX	Class R6	0.63%
MPEGX	Class I Shares	0.75%
MSKLX	Class L	1.56%
MSMFX	Class C	1.78%

Top 10 Holdings

66.16% of assets

Name	Symbol	Weight
Cloudflare, Inc.	NET	13.90%
Royalty Pharma plc	RPRX	9.29%
Affirm Holdings, Inc.	AFRM	7.46%
Aurora Innovation, Inc.	AUR	7.11%
IonQ, Inc.	IONQ	6.03%
Roivant Sciences Ltd.	ROIV	5.48%
DATABRICKS, INC. SERIES H PREFERRED SHARES	n/a	4.66%
QXO, Inc.	QXO	4.46%
Roblox Corporation	RBLX	4.14%
Opendoor Technologies Inc.	OPEN	3.63%

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 3, 2026

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