Morgan Stanley Emerging Markets Debt:MSD

    Manage Alerts

    Overview

    As of 11/27/2023

     Share
    Price    		NAVPremium/
    Discount
    Current$6.57$7.37-10.85%
    52 Wk Avg$6.55$7.52-12.86%
    52 Wk High$7.07$8.03-7.70%
    52 Wk Low$6.11$6.93-16.12%
    Regular Distribution Type†Income Only
    Distribution Rate12.94%
    Distribution Amount$0.2125
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund's primary investment objective is to produce high current income and as a secondary objective, to seek capital appreciation, through investments primarily in debt securities of government and government-related issuers located in emerging countries, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries. The Fund seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its managed assets in emerging markets domestic debt.

    Capital Structure

    As of 11/27/2023

    Total Investment Exposure:$149.739M
    Total Common Assets:$148.936M
    Common Shares Outstanding:20,208,365
    Leverage

    As of 11/27/2023

    Preferred Share Assets:
    Total Debt (USD): $0.803M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $0.803M
    Effective Leverage (%): 0.54%
    Annual Expense Ratios

    As of 12/31/2022

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.21%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.21%
    Fund Management

    Fund Sponsor
    Morgan Stanley

    Portfolio Managers
    Sahil Tandon, Kyle Lee, Akbar Causer, Federico Sequeda

    Basics
    Category: Fixed Income - Taxable-Emerging Market Income
    Ticker: MSD
    NAV Ticker: XMSDX
    Average Daily Volume (shares): 74,347
    Average Daily Volume (USD): $0.486M
    Inception Date: 7/23/1993
    Inception Share Price: $15.00
    Inception NAV: $14.10
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 11/27/2023

    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 6/30/2023    		 $0.2924
    Annualized Distribution Rate on NAV:
    As of 11/27/2023    		11.53%
    Total Return on NAV (12 months):
    As of 11/27/2023    		10.58%
    Avg. Portfolio Coupon:
    As of 11/27/2023    		 6.23%
    Total % Portfolio Effectively Leveraged:
    As of 11/27/2023     		0.54%

    Pricing Information

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

    As of 11/28/2023

    PeriodAvg Discount
    6 Month-12.17%
    1 Year-12.86%
    3 Year-11.63%
    5 Year-12.13%
    Z-Score

    As of 11/27/2023

    PeriodZStat
    3 Month-0.14
    6 Month0.77
    1 Year1.29
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 10/31/2023
    Category: Morningstar US CEF Emerging Market Income

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD3.02%0.38%1.29%4.22%
    2022-22.09%-18.69%-18.78%-18.52%
    20212.18%-2.17%-0.68%-3.27%
    20200.74%4.80%-4.97%2.36%
    201924.37%13.94%25.68%11.78%
    2018-12.31%-6.74%-14.24%-11.32%
    201716.30%9.90%18.72%15.27%
    201613.63%10.84%27.23%13.73%
    20150.97%-0.59%-7.81%-7.55%
    20141.08%3.02%-4.03%-2.33%
    2013-12.94%-9.45%-14.48%-9.06%
    201221.19%19.16%23.58%19.76%
    20115.85%7.39%1.89%2.24%
    201013.84%10.52%  
    200952.95%35.10%  
    2008-18.47%-14.68%  
    2007-4.41%6.79%  
    20067.43%11.25%  
    200524.29%13.51%  
    20048.04%10.48%  
    200340.56%30.77%  
    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 10/31/2023
    Category: Morningstar US CEF Emerging Market Income

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 11/27/2023    		6.23%
    Average Maturity:
    As of 9/30/2023    		8.33 yrs
    Number of Holdings:
    As of 9/30/2023    		233
    Annual Portfolio Turnover:
    As of 12/31/2022    		77.00%
    Asset Allocation

    As of 9/30/2023

    Top Sectors

    As of 9/30/2023

    Sector%Portfolio
    Government (Super Sector)66.91%
    Government53.01%
    Corporate (Super Sector)25.31%
    Corporate Bond24.20%
    Government Related13.90%
    Cash Equivalents (Super Sector)7.78%
    Cash Equivalents7.78%
    Convertible1.11%
    Top Holdings

    As of 9/30/2023

    HoldingValue% Portfolio
    Ultra 10 Year US Treasury Note Future Dec 23$22.65M13.19%
    Us Ultra Bond Cbt Dec23 Xcbt 20231219$17.33M10.09%
    Us 5yr Note (Cbt) Dec23 Xcbt 20231229$5.69M3.31%
    Suriname (Republic of) 9.25%$5.62M3.27%
    Albania(Republic Of) 5.9%$2.64M1.54%
    2 Year Treasury Note Future Dec 23$2.43M1.42%
    Romania (Republic Of) 1.75%$2.33M1.36%
    Euro Bobl Future Dec 23$-6.98M-4.06%
    Us 5yr Note (Cbt) Dec23 Xcbt 20231229$5.69M3.31%
    Euro Bund Future Dec 23$-9.25M-5.39%
    Credit Quality

    As of 9/30/2023

    Maturity Breakdown

    As of 9/30/2023

    Country Allocation

    As of 9/30/2023

    Country% Portfolio
    Others - Fixed Income52.14%
    United States - Fixed Income13.98%
    Mexico - Fixed Income4.30%
    Brazil - Fixed Income3.76%
    Indonesia - Fixed Income3.38%
    Peru - Fixed Income2.23%
    Chile - Fixed Income1.90%
    Hungary - Fixed Income1.81%
    United Kingdom - Fixed Income1.67%
    Colombia - Fixed Income1.47%
    Turkey - Fixed Income1.19%
    India - Fixed Income1.08%
    South Africa - Fixed Income0.89%
    Argentina - Fixed Income0.79%
    Vietnam - Fixed Income0.51%
    Hong Kong - Fixed Income0.32%
    Venezuela - Fixed Income0.28%
    China - Fixed Income0.20%
    Germany - Fixed Income-9.45%

    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.

    E-2949862P-E0623W

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