International Advantage Portfolio
MORGAN STANLEY INSTITUTIONAL FUND INC · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
International Advantage Portfolio is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
The International Advantage Portfolio (the Fund) seeks long-term capital appreciation.
The fund invests primarily in established international companies outside the United States that trade within the market-capitalization range of the MSCI All Country World ex USA Index, using a bottom-up process to identify undervalued firms with sustainable competitive advantages and strong ESG characteristics. The fund typically concentrates a significant portion of its assets in a limited number of issuers, which may be in the same industry, sector, or geographic region, creating risk of divergence from broad international market performance. The fund may invest in China A-Shares through Stock Connect programs and in privately placed or restricted securities.
| Share class | Gross | Net |
|---|---|---|
| MFAIX | 1.01% | 1.00% |
| MSALX | 2.21% | 1.85% |
| MFAPX | 1.30% | 1.30% |
| MSIAX | 2.05% | 2.05% |
| IDVSX | 0.90% | 0.90% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 13.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.10% |
| Cash & short-term | 2.38% |
Latest quarter
What changed since the fund's previous filing
New: Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, HSBC Securities (USA) Inc., Citigroup Global Markets Inc
Exited: SAP SE
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +5.03% | +20.75% | -1.25% | 17.06% | -18.89% | |
| +4.12% | +17.71% | -5.38% | 17.09% | -19.12% | |
| +4.73% | +19.80% | -2.63% | 17.02% | -18.93% | |
| +3.85% | +17.14% | -6.12% | 17.06% | -19.15% | |
| +5.11% | +21.18% | -0.66% | 17.04% | -18.85% |
These classes hold the same portfolio, so the 5.46pp spread over 5 years is the cost difference between them — roughly 1.09pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Taiwan Semiconductor Manufacturing Co Ltd | 10.32% | $78.89 | $221.76M | 2.8M |
| — | ASML Holding NV | 8.96% | $1,980.18 | $192.66M | 97.3K |
| — | Keyence Corp | 6.72% | $505.49 | $144.42M | 285.7K |
| — | DSV A/S | 6.37% | $237.95 | $136.90M | 575.3K |
| — | Hermes International SCA | 6.25% | $1,828.69 | $134.35M | 73.5K |
| — | Moncler SpA | 5.58% | $58.20 | $119.92M | 2.1M |
| — | Schneider Electric SE | 5.49% | $327.23 | $117.99M | 360.6K |
| — | Spotify Technology SA | 5.23% | $459.13 | $112.43M | 244.9K |
| — | L'Oreal SA | 4.84% | $438.36 | $104.07M | 237.4K |
| MELI | MercadoLibre IncMELI | 3.38% | $1,697.39 | $72.58M | 42.8K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 63.13% of net assets, top 25 95.92%, across 33 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free