Morgan Stanley Long Duration Government Opportunities Fund Class A (USGAX)
| Fund Assets | 205.74M |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000 |
| Turnover | 520.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 4.86% |
| Dividend Growth | 5.37% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 26, 2025 |
| Previous Close | 6.65 |
| YTD Return | 2.59% |
| 1-Year Return | -3.16% |
| 5-Year Return | -15.56% |
| 52-Week Low | 6.23 |
| 52-Week High | 7.72 |
| Beta (5Y) | n/a |
| Holdings | 177 |
| Inception Date | Jul 28, 1997 |
About USGAX
The Morgan Stanley Long Duration Government Opportunities Fund Class A is a mutual fund designed to provide investors with a high level of current income while prioritizing the safety of principal. This fund primarily invests at least 80% of its net assets in U.S. government securities, including Treasury bonds and agency mortgage-backed securities, with a focus on securities backed by the U.S. government or its agencies. It targets a long-duration portfolio—typically over ten years—which increases its sensitivity to interest rate movements compared to shorter-duration funds. The fund's sector allocation is heavily weighted toward agency mortgage-backed securities, offering exposure to instruments such as fixed-rate passthroughs and collateralized mortgage obligations. With a relatively high portfolio turnover and a diversified base of over 170 holdings, this fund is actively managed to capitalize on opportunities in the long-term government bond market. Its purpose is to suit investors seeking income and a relatively lower credit risk profile, given the backing of the U.S. government, while accepting higher interest rate risk as a trade-off. The fund also distributes income monthly, making it a notable component in the long-duration government fixed income category.
Performance
USGAX had a total return of -3.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.48%.
Top 10 Holdings
62.52% of assets| Name | Symbol | Weight |
|---|---|---|
| UMBS, TBA - Uniform Mortgage-Backed Security, TBA | FNCL.5 4.11 | 16.40% |
| UMBS, TBA - Uniform Mortgage-Backed Security, TBA | FNCL.5.5 4.11 | 10.99% |
| Government National Mortgage Association | GNR.2023-84 MW | 7.85% |
| Government National Mortgage Association | GNR.2023-99 AL | 5.72% |
| Freddie Mac REMICS | FHR.5324 MZ | 4.48% |
| Government National Mortgage Association | GNR.2023-165 EY | 4.06% |
| Government National Mortgage Association | GNR.2023-98 BW | 3.73% |
| TENN VALLEY AUTHORITY - Tennessee Valley Authority | n/a | 3.47% |
| Government National Mortgage Association - Ginnie Mae | n/a | 2.91% |
| Government National Mortgage Association | GNR.2023-84 DL | 2.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 26, 2025 | $0.0257 | Jun 26, 2025 |
| May 28, 2025 | $0.02739 | May 28, 2025 |
| Apr 28, 2025 | $0.02965 | Apr 28, 2025 |
| Mar 27, 2025 | $0.02638 | Mar 27, 2025 |
| Feb 26, 2025 | $0.02397 | Feb 26, 2025 |
| Jan 29, 2025 | $0.02512 | Jan 29, 2025 |