About MSTMX
Morningstar Multisector Bond Fund is an actively managed mutual fund focused on delivering total return through a blend of current income and capital appreciation. The strategy invests predominantly in fixed-income securities across multiple sectors, including U.S. Treasuries, investment-grade corporates, high yield credit, and select emerging markets sovereigns, with flexibility to use derivatives for interest rate and currency management. The fund typically maintains an intermediate interest-rate profile, reflected in a low-to-moderate sensitivity to rates and an effective duration around five years, aiming to balance income with volatility control. Its diversified mandate allows dynamic allocation among government, corporate, securitized, and non-U.S. debt, supported by tactical positions in futures and currency contracts to fine-tune exposure. Classified in the multisector bond category, it targets a broad opportunity set rather than a single segment of the bond market, with a trailing twelve-month yield indicative of its income orientation. The institutional share class features an above-average distribution fee level and a moderate expense ratio, while maintaining low concentration in its top holdings to manage issuer-specific risk.
Fund Family Morningstar
Category Multisector Bond
Performance Rating Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol MSTMX
Share Class Institutional
Index Index is not available on Lipper Database
MSTMX had a total return of 4.78% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.38%.
