Morgan Stanley to launch its High Yield Portfolio on Tuesday

By Toni Weeks

San Diego, Feb. 6 - Morgan Stanley Institutional Fund Trust announced in an N-1A filing with the Securities and Exchange Commission that it will launch its new High Yield Portfolio on Tuesday.

The share classes to be offered, along with their ticker symbols, are Class I (MSYIX), class P (MSYPX), class H (MSYHX) and class L (MSYLX).

The portfolio seeks total return by investing, under normal circumstances, at least 80% of its assets in high-yield securities. The portfolio may also invest in distressed and defaulted securities and mezzanine investments; preferred, equity and convertible securities; and investment-grade fixed-income securities, including U.S. and foreign government securities, corporate bonds and collateralized bond obligations.

The portfolio managers will be Richard Lindquist and Christian Roth.

Only class H shares will incur a sales charge, which will be a maximum of 3.5%. The advisory fee will be 0.6% for all share classes. Along with other fees and expenses and a fee waiver agreement with the adviser, total annual portfolio operating expenses are expected to be 0.75% for class I, 1% for class P and class H and 1.25% for class L shares.

New York-based Morgan Stanley Investment Management Inc. will be the investment adviser.

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