Morgan Stanley Long Duration Government Opportunities Fund Class I (USGDX)

Fund Assets	166.31M
Expense Ratio	0.486%
Min. Investment	$5,000,000
Turnover	349.00%
Dividend (ttm)	0.40
Dividend Yield	6.64%
Dividend Growth	11.92%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 28, 2026

Previous Close	5.98
YTD Return	-10.77%
1-Year Return	-10.30%
5-Year Return	-14.97%
52-Week Low	5.88
52-Week High	7.21
Beta (5Y)	0.39
Holdings	177
Inception Date	Jul 28, 1997

About USGDX

Morgan Stanley Long Duration Government Opportunities Fund Class I is an open-end mutual fund specializing in long-duration U.S. government securities. The fund's primary objective is to deliver a high level of current income while maintaining safety of principal. It targets an average portfolio duration of at least ten years, positioning it to benefit from movements in long-term interest rates. A defining feature of the fund is its strong focus on agency mortgage-backed securities, which make up the majority of its holdings. The portfolio also includes collateralized mortgage obligations (CMOs), fixed-rate passthroughs, hybrid adjustable-rate mortgages, and a smaller allocation to other government-backed assets and cash equivalents. This approach leverages the team's expertise in prepayment analysis and security structure selection, aiming to reduce credit risk while seeking yields that exceed benchmark levels. The fund is designed for institutional investors, requiring a minimum initial investment of $1,000,000 for Class I shares. It plays a significant role for investors seeking exposure to high-quality, long-duration government debt as part of a diversified fixed income strategy. As a member of the Morningstar Long Government category, it is used to manage interest rate sensitivity and duration in complex portfolios.

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

Performance

USGDX had a total return of -10.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.55%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
USGAX	A	0.85%
USGCX	L	1.12%
MSGVX	Class C	1.62%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 28, 2026	$0.03895	Sep 28, 2026
Aug 27, 2026	$0.03529	Aug 27, 2026
Jul 31, 2026	$0.0386	Jul 31, 2026
Jun 26, 2026	$0.0331	Jun 26, 2026
May 27, 2026	$0.032	May 27, 2026
Apr 28, 2026	$0.0331	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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