Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.50% 227.71M -- 349.0%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
2.456M 6.65%

Basic Info

Investment Strategy
The Fund seeks a high level of current income consistent with safety of principal. The Fund invests at least 80% of its net assets in a portfolio of U.S. government securities. It may invest in zero coupon securities, which are purchased at a discount and generally accrue interest, but make no payment until maturity.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Bond USD Government
Peer Group General U.S. Government Funds
Global Macro Bond Government
US Macro U.S. Government & Treasury Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective General U.S. Government Funds
Fund Owner Firm Name Morgan Stanley
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 36
-35.66M Peer Group Low
26.08M Peer Group High
1 Year
% Rank: 38
2.456M
-551.86M Peer Group Low
311.20M Peer Group High
3 Months
% Rank: 52
-166.09M Peer Group Low
418.88M Peer Group High
3 Years
% Rank: 47
-2.185B Peer Group Low
2.838B Peer Group High
6 Months
% Rank: 31
-218.61M Peer Group Low
493.55M Peer Group High
5 Years
% Rank: 55
-2.220B Peer Group Low
3.200B Peer Group High
YTD
% Rank: 42
-53.44M Peer Group Low
328.98M Peer Group High
10 Years
% Rank: 79
-3.264B Peer Group Low
14.33B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2019
2020
2021
2022
2023
2024
2025
YTD
6.90%
5.77%
-1.74%
-12.62%
6.02%
-6.49%
13.89%
-0.12%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
7.30%
0.04%
13.34%
17.79%
-4.64%
-29.03%
3.28%
-5.74%
6.33%
0.07%
18.51%
24.63%
-5.11%
-39.90%
2.55%
-12.70%
2.90%
0.26%
11.54%
14.11%
-3.92%
-29.25%
3.78%
-4.43%
6.26%
0.83%
--
7.68%
-1.54%
-12.52%
6.66%
-2.98%
7.48%
0.17%
As of March 19, 2026.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (3-17-26) 5.28%
30-Day SEC Yield (1-31-26) 5.42%
7-Day SEC Yield --
Number of Holdings 10
Bond
Yield to Maturity (1-31-26) 5.25%
Effective Duration --
Average Coupon 6.09%
Calculated Average Quality 1.240
Effective Maturity 27.61
Nominal Maturity 27.61
Number of Bond Holdings 4
As of January 31, 2026

Asset Allocation

As of January 31, 2026.
Type % Net
Cash 2.09%
Stock 0.00%
Bond 99.46%
Convertible 0.00%
Preferred 0.00%
Other -1.54%
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Top 10 Holdings

Name % Weight Price % Change
10Y TNOTES MAR26
37.11% -- --
10YR UL TN MAR26
19.99% -- --
FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA-New 5.0 12/02/2045 FIX USD Agency 10.70% -- --
ULTRA BOND MAR26
5.74% -- --
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2399A AL SEQ FIX 6% 20-JUL-2053
5.24% -- --
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2384B MW SEQ FIX 6% 20-JUN-2053
4.41% -- --
FHLMC-New 6.0 07/25/2053 FIX USD Agency 4.32% -- --
FNMA-New 03/15/2050 UNKNOWN USD Agency 4.27% 98.52 -0.00%
FEDERAL NATIONAL MORTGAGE ASSOCIATION FNMA-New 5.5 02/15/2040 FIX USD Agency 4.03% -- --
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 23165B EY SEQ FIX 6.5% 20-NOV-2053
3.71% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 0.09%
Administration Fee 50.12K%
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee 0.00%
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 1.00M None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks a high level of current income consistent with safety of principal. The Fund invests at least 80% of its net assets in a portfolio of U.S. government securities. It may invest in zero coupon securities, which are purchased at a discount and generally accrue interest, but make no payment until maturity.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Bond USD Government
Peer Group General U.S. Government Funds
Global Macro Bond Government
US Macro U.S. Government & Treasury Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective General U.S. Government Funds
Fund Owner Firm Name Morgan Stanley
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (3-17-26) 5.28%
30-Day SEC Yield (1-31-26) 5.42%
7-Day SEC Yield --
Number of Holdings 10
Bond
Yield to Maturity (1-31-26) 5.25%
Effective Duration --
Average Coupon 6.09%
Calculated Average Quality 1.240
Effective Maturity 27.61
Nominal Maturity 27.61
Number of Bond Holdings 4
As of January 31, 2026

Fund Details

Key Dates
Inception Date 7/28/1997
Share Classes
MSGVX C
USGAX A
USGCX Other
Attributes
Inverse Fund No
Leveraged Fund --
Currency Hedged Fund --
Socially Responsible Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:USGDX", "name")
Broad Asset Class: =YCI("M:USGDX", "broad_asset_class")
Broad Category: =YCI("M:USGDX", "broad_category_group")
Prospectus Objective: =YCI("M:USGDX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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