CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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MS Incm Sec (ICB)

Taxable Bond Funds - Investment Grade Bond

Data as of April 25, 2017
Market Price $17.95 (+ $0.02)
NAV (April 25, 2017) $19.14 (- $0.05)
Premium / Discount -6.22% (+0.35%)
Fund Info
Inception April 6, 1973
Sponsor Morgan Stanley Investment Management
Website www.morganstanley.com/...
Phone 1 (800) 231-2608
Objective: High a level of current income for distribution to shareholders as is consistent with prudent investment risk.
Capital & Leverage
Outstanding Shares 8,963,335
Gross Assets $177M
Net Assets $172M
Market Cap $161M
Purchases Turnover 37.65%
Sales Turnover 40.21%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 0.73%
Non Lev Exp Ratio 0.73%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -8.53%
Discount Low(3 Yr) -12.85%
Discount High(3 Yr) -3.38%
Discount Rel Range 70.02%
Comp Discount -3.26
Discount St Dev (1Yr) 0.93
Z-Stat (6mo) 0.29
Z-Stat (1Yr) -0.34
Z-Stat (3Yr) 0.98
Comp Z-Stat (6mo) -0.15
Comp Z-Stat (3Yr) 0.24
Distribution Data
Market Yield 3.34%
Income Yield 3.34%
Lev Adj NAV Yield 3.13%
Distribution Frequency M
Current Distribution $0.050
Current Income $0.050
Ex-Date 4/19/17
Payable Date 4/28/17
Div Growth (3yr) -4.76%
Dividend Change 11.1% on 5/10/16
Expected Div 5/9/17
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $220
Avg Volume 30 day 15,428
Avg Volume 90 day 12,261
Volume Trend 25.83%
Comp Volume Trend 31.23%
Correlation & Volatility
Correlation (30 d) 89.2%
Correlation (90 d) 85.5%
Correlation (1 Yr) 87.9%
Price St Dev (1Yr) 7.0%
NAV St Dev (1Yr) 3.9%
Earnings / Share (9/30/16) $0.061
Earn Coverage 122.00%
Earnings Trend Up
UNII / Share (9/30/16) $0.095
Rel UNII 15.88
UNII Trend Up
Bond Specific Data
Maturity 11.92
Duration 6.51
Credit Rating (rbo) BBB
Investment Grade 88.41%
Non Investment Grade 10.11%
Unrated Bonds 1.48%
NAV Beta (2yr)
vs. iShares 20+ Year Treasury Bond


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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