About THYUX
Morgan Stanley Pathway High Yield Fund is a mutual fund designed to deliver a high level of current income through investments primarily in below-investment-grade debt securities, commonly known as high-yield bonds. Managed by two sub-advisers—PineBridge Investments and Western Asset Management Company, each allocated approximately 50%—the fund employs complementary strategies: one emphasizes disciplined portfolio construction, robust risk management, and credit-intensive research focusing on higher-quality high-yield segments, while the other integrates top-down macroeconomic views with fundamental and relative value analysis. Key characteristics include a net expense ratio of 0.85%, average credit quality rated B, effective duration around 3.12 years, and holdings concentrated in corporate bonds across sectors like industrials (about 78%), finance (12%), and utilities (4%), with top positions in issuers such as Venture Global LNG, ITT Holdings, and Ally Financial. With total assets under management around $131 million and a TTM yield of approximately 6.78%, it benchmarks against the Bloomberg US Corporate High Yield Index, playing a significant role in fixed-income portfolios seeking elevated income potential amid higher credit risk.
Fund Family Morgan Stanley
Category High Yield Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol THYUX
Index Bloomberg U.S. Corporate High Yield TR
THYUX had a total return of 2.95% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.25%.
