Morgan Stanley Long Duration Government Opportunities Fund Class L (USGCX)
| Fund Assets | 205.74M |
| Expense Ratio | 1.12% |
| Min. Investment | $1,000 |
| Turnover | 520.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 4.70% |
| Dividend Growth | 5.60% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 26, 2025 |
| Previous Close | 6.70 |
| YTD Return | 2.55% |
| 1-Year Return | -3.44% |
| 5-Year Return | -15.86% |
| 52-Week Low | 6.28 |
| 52-Week High | 7.78 |
| Beta (5Y) | n/a |
| Holdings | 177 |
| Inception Date | Jul 28, 1997 |
About USGCX
Morgan Stanley Long Duration Government Opportunities Fund Class L is a mutual fund focused on generating a high level of current income while prioritizing the safety of principal. The fund predominantly invests in U.S. government securities, with an emphasis on long duration fixed income assets—typically targeting a portfolio duration of at least ten years. Its strategy combines exposure to U.S. Treasury securities and government agency mortgage-backed securities, leveraging extensive prepayment analysis and sophisticated security selection to potentially reduce credit risk and achieve returns above market benchmarks. The fund’s portfolio is characterized by high credit quality and extensive interest rate sensitivity, making it notably responsive to changes in long-term interest rates. With substantial allocations to agency mortgage-backed securities and collateralized mortgage obligations, it serves investors seeking to benefit from the structural advantages of the long-duration government bond market. The fund plays a specialized role within the broader fixed income sector, offering institutional and individual investors a tool for income generation and diversification, particularly useful for managing duration risk and matching long-term liabilities.
Performance
USGCX had a total return of -3.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.13%.
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 | $0.02422 | Jun 26, 2025 |
| May 28, 2025 | $0.02581 | May 28, 2025 |
| Apr 28, 2025 | $0.02794 | Apr 28, 2025 |
| Mar 27, 2025 | $0.02487 | Mar 27, 2025 |
| Feb 26, 2025 | $0.02264 | Feb 26, 2025 |
| Jan 29, 2025 | $0.02371 | Jan 29, 2025 |