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Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) 5-Year Yield-on-Cost % : 2.21 (As of May. 16, 2024)


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What is Morgan Stanley Direct Lending Fund 5-Year Yield-on-Cost %?

Morgan Stanley Direct Lending Fund's yield on cost for the quarter that ended in Mar. 2024 was 2.21.


The historical rank and industry rank for Morgan Stanley Direct Lending Fund's 5-Year Yield-on-Cost % or its related term are showing as below:

MSDL' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.2   Med: 2.33   Max: 2.37
Current: 2.21


During the past 4 years, Morgan Stanley Direct Lending Fund's highest Yield on Cost was 2.37. The lowest was 2.20. And the median was 2.33.


MSDL's 5-Year Yield-on-Cost % is ranked worse than
84.32% of 1212 companies
in the Asset Management industry
Industry Median: 5.905 vs MSDL: 2.21

Competitive Comparison of Morgan Stanley Direct Lending Fund's 5-Year Yield-on-Cost %

For the Asset Management subindustry, Morgan Stanley Direct Lending Fund's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Morgan Stanley Direct Lending Fund's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Morgan Stanley Direct Lending Fund's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Morgan Stanley Direct Lending Fund's 5-Year Yield-on-Cost % falls into.



Morgan Stanley Direct Lending Fund 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Morgan Stanley Direct Lending Fund is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Morgan Stanley Direct Lending Fund  (NYSE:MSDL) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


Morgan Stanley Direct Lending Fund 5-Year Yield-on-Cost % Related Terms

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Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Business Description

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Morgan Stanley Direct Lending Fund is a fund whose investment objective is to achieve attractive risk-adjusted returns via current income and, to a lesser extent, capital appreciation by investing primarily in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. They invest primarily in directly originated senior secured term loans including first lien senior secured term loans including unitranche loans and second lien senior secured term loans, with the balance of our investments expected to be in higher-yielding assets such as mezzanine debt, unsecured debt, equity investments and other opportunistic asset purchases.

Morgan Stanley Direct Lending Fund (Morgan Stanley Direct Lending Fund) Headlines