What does investments basis spread variable rate mean?

This metric captures the weighted average or specific spread component of the fund's variable-rate investment portfolio. It reflects the fund's ability to capture incremental yield above market benchmarks and is a core driver of net investment income.

Morgan Stanley MSDL Investments Basis Spread Variable Rate

Investments Basis Spread Variable Rate at other companies

Bain Capital Specialty FinanceBCSF

8%—

Heritage FinancialHFWA

1.6%0.0pp

Oaktree Specialty LendingOCSL

5%0.0pp

Oaktree Specialty LendingOCSL

3.1%—

Goldman Sachs BDCGSBD

2.8%—

Prospect CapitalPSEC

4%0.0pp

Other financials

Income statement

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Net income-$4.5M-115%

EPS (diluted)-$0.05-115%

Balance sheet

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Cash & equivalents$80.7M+16.2%

Total debt$2.1B+2.2%

Total equity$1.7B-7.0%

Total assets$3.8B-2.2%

Cash flow

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Operating cash flow$86.3M+153%

Valuation

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Market cap$1.27B-24.4%

Enterprise value$3.25B-10.4%

P/E14.5×+5.8×

Returns & leverage

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Return on equity5%-5.6pp

Debt / equity1.2×+0.1×

Where this comes from

Reported directly by Morgan Stanley in its filing.

Tagged under the XBRL concept msdl:InvestmentsBasisSpreadVariableRate.

The official record: Morgan Stanley’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's investments basis spread variable rate?: Morgan Stanley (MSDL) reported investments basis spread variable rate of 14.5% in Q1 2026.
What does investments basis spread variable rate mean?: This metric captures the weighted average or specific spread component of the fund's variable-rate investment portfolio. It reflects the fund's ability to capture incremental yield above market benchmarks and is a core driver of net investment income.