Morgan Stanley Long Duration Government Opportunities Fund Class A (USGAX)

Fund Assets	166.31M
Expense Ratio	0.858%
Min. Investment	$1,000
Turnover	349.00%
Dividend (ttm)	0.38
Dividend Yield	6.22%
Dividend Growth	12.63%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 28, 2026

Previous Close	5.98
YTD Return	-10.97%
1-Year Return	-10.58%
5-Year Return	-15.80%
52-Week Low	5.88
52-Week High	7.20
Beta (5Y)	-0.01
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.

• Fund Family: Morgan Stanley
• Category: Long Government
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: USGAX
• Share Class: A
• Index: Bloomberg U.S. Government Mortgage TR

Performance

USGAX had a total return of -10.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.31%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
USGDX	I	0.49%
USGCX	L	1.12%
MSGVX	Class C	1.62%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 28, 2026	$0.03682	Sep 28, 2026
Aug 27, 2026	$0.03337	Aug 27, 2026
Jul 31, 2026	$0.0363	Jul 31, 2026
Jun 26, 2026	$0.03101	Jun 26, 2026
May 27, 2026	$0.02998	May 27, 2026
Apr 28, 2026	$0.03101	Apr 28, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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