MUAIX Mutual Fund — Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio Class A

Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio Class A (MUAIX)

Updated October 16, 2026.

MUAIX is a Mutual Fund. its distribution rate is 3.91%, its trailing-12-month yield is 3.75%, its expense ratio is 0.40%. Dividend Vision Distribution Safety Score™ is 78/100 (Generally safe). Total return is 30.5% over the past 10.5 years, 307.1 points behind SPY at 337.6%.

Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio Class A is a money market mutual fund that invests in liquid, high-quality short-term debt instruments including commercial paper, certificates of deposit, and U.S. government obligations from both U.S. and foreign issuers. The fund carries a current distribution rate in the moderate range, with an expense ratio of 0.40%, and does not maintain a regular distribution schedule. This fund appeals primarily to institutional and individual investors seeking stable, liquid holdings with modest income generation and minimal interest rate risk.

MUAIX performance versus SPY

Price and return data through 2026-10-16.

Total return is 30.5% over the past 10.5 years, 307.1 points behind SPY at 337.6%. Over the past year its total return — price change plus distributions reinvested — is 3.6%. Its deepest 1-year drawdown was 0.1%.

MUAIX key facts

Distribution Safety Score™

78 · Generally safe

Safety-Adjusted Yield

3.05%

Issuer

Morgan Stanley

Asset type

Mutual Fund

Asset class

Fixed Income

Inception date

04/28/2016

Expense ratio

0.40%

Distribution rate

3.91%

Distribution frequency

Monthly

Trailing yield

3.75%

Last close

$9.97 (as of 2026-10-16)

NAV

$9.79 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

AUM

$11,130,500,000

Average volume

0.0

Dividend

$0.031

Ex-dividend date

09/30/2026

Beta

0.01

How Dividend Vision calculates yield and returns

Distribution rate (3.91%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.75%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Morgan Stanley; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MUAIX risks and drawbacks

MUAIX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.1%.

Who may consider MUAIX — and who may not

MUAIX may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on MUAIX

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Tagged: Mutual Fund.

Frequently asked questions

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