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Morgan Stanley China A Share:CAF
As of 12/6/2019
| Current | $21.20 | $24.02 | -11.74% |
| 52 Wk Avg | $21.20 | $23.91 | -11.38% |
| 52 Wk High | $24.58 | $27.07 | -7.56% |
| 52 Wk Low | $17.52 | $20.65 | -17.06% |
| Regular Distribution Type† | Income Only |
| Distribution Rate | 4.15% |
| Distribution Amount | $0.8792 |
| Distribution Frequency | Annually |
Past performance is no guarantee of future results.
Investment Objective
The Fund investment objective is to seek capital growth. The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in A-Shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. The Fund may invest, up to 15% of its net assets, in warrants, structured investments or other Strategic Transactions. These investments will be deemed to be counted toward the Funds 80% policy to the extent that these investments are linked to the performance of China A-Shares. The Fund may also invest up to 20% of its assets in other types of investments, including B-shares of companies listed on the Shanghai and Shenzhen Stock Exchanges, H-Shares of companies incorporated in mainland China and listed on the Hong Kong Stock Exchange, shares of Red Chip companies with controlling Chinese shareholders that are incorporated outside mainland China and listed on the Hong Kong Stock Exchange, shares of China-related companies listed on the Hong Kong Stock Exchange, the Singapore Stock Exchange and other exchanges, and assets which may or may not be China-related, including shares of open and closed-end investment companies, strategic transactions, common stocks, bonds, convertible securities, money market and other short-term debt securities and cash equivalents.
Capital Structure
As of 12/6/2019
| Total Investment Exposure: | $525.593M |
| Total Common Assets: | $525.593M |
| Common Shares Outstanding: | 21,881,465 |
Annual Expense Ratios
As of 12/31/2018
| |
| Management Fees | 1.51% |
| Other Expenses: | 0.22% |
| Baseline Expense: |
N/A
|
| Interest Expense: | N/A |
| Total: |
1.73%
|
Fund Management
Fund Sponsor
Morgan Stanley
Portfolio Managers
May Yu, Gary Cheung
Basics
| Category: |
Equity-Asia Equity |
| Ticker: |
CAF |
| NAV Ticker: |
XCAFX |
| Average Daily Volume (shares): |
9,734 |
| Average Daily Volume (USD): |
M |
| Inception Date: |
9/28/2006 |
| Inception Share Price: |
$20.00 |
| Inception NAV: |
$19.06 |
| Tender Offer: |
No |
| Term: |
No |
| Fiscal Year End: |
December 31 |
Third Party Links & Reports
As of 12/6/2019
Past performance is no guarantee of future results.
Distribution History
Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.
| Declared Date |
Payable Date |
Ex Date |
Distrib Amount |
Income |
Long Gain |
Short Gain |
ROC |
*Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.
Key Information Regarding Distributions†
Avg. Earnings Per Share:
As of 6/30/2019 |
$0.0203
|
Annualized Distribution Rate on NAV:
As of 12/6/2019 | 3.66% |
Total Return on NAV (12 months):
As of 12/6/2019 | 9.20% |
Total % Portfolio Effectively Leveraged:
As of 12/6/2019
| 0.00% |
Premium/Discount Information
Past performance is no guarantee of future results.
Premium/Discount Information
As of 12/7/2019
| 6 Month | -11.32% |
| 1 Year | -11.38% |
| 3 Year | -13.56% |
| 5 Year | -15.42% |
Z-Score
As of 12/6/2019
| 3 Month | -0.43 |
| 6 Month | -0.43 |
| 1 Year | -0.23 |
Pricing History
| Date |
Share Price |
NAV |
Premium / Discount |
Portfolio Characteristics
Number of Holdings:
As of 9/30/2019 | 41 |
Annual Portfolio Turnover:
As of 12/31/2018 | 113.00% |
Asset Allocation
As of 9/30/2019 reported by Fund Sponsor
Top Sectors
As of 9/30/2019 reported by Fund Sponsor
| Defensive (Super Sector) | 42.54% |
| Cyclical (Super Sector) | 31.33% |
| Healthcare | 28.43% |
| Sensitive (Super Sector) | 22.69% |
| Financial Services | 17.31% |
| Technology | 12.22% |
| Utilities | 9.74% |
| Industrials | 7.58% |
| Consumer Cyclical | 6.12% |
| Real Estate | 4.76% |
Top Holdings
As of 9/30/2019 reported by Fund Sponsor
| China Resources Sanjiu Medical & Pharmaceutical Co Ltd | $48.39M | 9.49% |
| Yunnan Baiyao Group Co Ltd | $38.84M | 7.62% |
| Shenzhen Gas Corp Ltd | $28.04M | 5.50% |
| Bank of Communications Co Ltd | $27.08M | 5.31% |
| China Merchants Shekou Industrial Zone Holdings Co Ltd | $21.02M | 4.12% |
| Beijing Thunisoft Corp Ltd | $20.48M | 4.02% |
| China Life Insurance Co Ltd Class H | $19.70M | 3.86% |
| Shanghai Pharmaceuticals Holding Co Ltd Class H | $19.36M | 3.80% |
| China CYTS Tours Holding Co Ltd | $19.02M | 3.73% |
| Industrial And Commercial Bank Of China Ltd | $18.81M | 3.69% |
Country Allocation
As of 9/30/2019 reported by Fund Sponsor
Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.
NOTES:
† Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.
The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.
Important information:
This site does not list all of the risks associated with each fund. Investors should contact a fund's sponsor for fund-specific risk information and/or contact a financial advisor before investing.
Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific Fund, please visit the Fund sponsor's website.
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