Morgan Stanley China A Share:CAF

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    Overview

    As of 1/15/2021

     Share
    Price    		NAVPremium/
    Discount
    Current$22.31$26.27-15.07%
    52 Wk Avg$20.72$24.80-16.49%
    52 Wk High$24.50$28.14-10.18%
    52 Wk Low$15.77$20.73-24.41%
    Regular Distribution Type†Income Only
    Distribution Rate10.33%
    Distribution Amount$2.3045
    Distribution FrequencyAnnually
    Past performance is no guarantee of future results.

    Basic Information

    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 1/15/2021

    Total Investment Exposure:$574.826M
    Total Common Assets:$574.826M
    Common Shares Outstanding:21,881,465
    Annual Expense Ratios

    As of 12/31/2020

      Per Common Share
    Management Fees1.50%
    Other Expenses:0.24%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.74%
    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): 91,705
    Average Daily Volume (USD): $1.850M
    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

    Distributions

    As of 1/15/2021

    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.

    to
    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 6/30/2020    		 $0.0949
    Annualized Distribution Rate on NAV:
    As of 1/15/2021    		8.77%
    Total Return on NAV (12 months):
    As of 1/15/2021    		11.28%
    Total % Portfolio Effectively Leveraged:
    As of 1/15/2021     		0.00%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 1/15/2021

    PeriodAvg Discount
    6 Month-16.31%
    1 Year-16.49%
    3 Year-14.00%
    5 Year-14.89%
    Z-Score

    As of 1/15/2021

    PeriodZStat
    3 Month-0.35
    6 Month0.56
    1 Year0.61
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/31/2020
    Category: Morningstar US CEF Asia Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD12.59%11.28%22.86%21.82%
    202012.59%11.28%22.86%21.82%
    201923.47%18.90%19.77%17.57%
    2018-14.15%-17.65%-13.67%-15.54%
    201744.90%41.40%41.49%33.70%
    2016-11.03%-8.20%4.08%4.04%
    201513.35%7.21%-6.16%-4.97%
    201436.38%46.53%9.13%9.11%
    2013-0.53%8.80%3.25%9.20%
    201237.26%13.35%25.05%20.66%
    2011-28.06%-18.20%-19.12%-16.30%
    2010-4.78%-6.49%26.36%23.72%
    200974.24%79.77%59.88%59.16%
    2008-51.01%-63.73%  
    200796.16%192.94%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 12/31/2020
    Category: Morningstar US CEF Asia Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 9/30/2020    		39
    Annual Portfolio Turnover:
    As of 12/31/2020    		109.00%
    Asset Allocation

    As of 9/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Defensive (Super Sector)41.44%
    Cyclical (Super Sector)26.90%
    Sensitive (Super Sector)26.12%
    Healthcare23.86%
    Technology17.17%
    Utilities15.32%
    Financial Services14.36%
    Real Estate7.62%
    Industrials4.89%
    Cash Equivalents (Super Sector)4.49%
    Top Holdings

    As of 9/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    China Resources Sanjiu Medical & Pharmaceutical Co Ltd$50.97M9.03%
    Foxconn Industrial Internet Co Ltd Class A$36.78M6.52%
    Shanghai Pharmaceuticals Holding Co Ltd Class H$30.11M5.34%
    Industrial And Commercial Bank Of China Ltd$27.84M4.93%
    China Yangtze Power Co Ltd$27.16M4.81%
    Huaneng Lancang River Hydropower Inc Class A$26.36M4.67%
    China Vanke Co Ltd$24.70M4.38%
    Yunnan Baiyao Group Co Ltd$23.94M4.24%
    Huatai Securities Co Ltd$22.40M3.97%
    Guangzhou Restaurant Group Co Ltd$19.91M3.53%
    Country Allocation

    As of 9/30/2020 reported by Fund Sponsor

    Country% Portfolio
    China - Equity94.46%

    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.

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