Morgan Stanley Direct Lending Fund (MSDL) Accumulated Expenses (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Accumulated Expenses data on file, last reported at $24.8 million in Q1 2026.

• On a quarterly basis, Accumulated Expenses rose 520.4% year-over-year to $24.8 million in Q1 2026; TTM through Mar 2026 was $24.8 million, a 520.4% increase from a year earlier, with the FY2025 full-year figure at $4.2 million, down 26.7% from the prior year.
• Accumulated Expenses for Q1 2026 stood at $24.8 million, up from $4.2 million in the prior quarter.
• Over the last five years, Accumulated Expenses for MSDL reached as high as $24.8 million in Q1 2026 and fell as low as $3.3 million in Q4 2022.
• Historically, Accumulated Expenses has averaged $8.7 million across 5 years, with a median of $4.2 million in 2023.
• Across the five-year window, Accumulated Expenses slumped 69.56% in 2024 and soared 520.4% in 2026, its largest moves.
• Year by year, Accumulated Expenses stood at $3.3 million in 2022, then soared by 474.22% to $18.8 million in 2023, then slumped by 69.56% to $5.7 million in 2024, then declined by 26.7% to $4.2 million in 2025, then soared by 491.6% to $24.8 million in 2026.
• Per Business Quant data, the three most recent Accumulated Expenses figures were $24.8 million in Q1 2026, $4.2 million in Q4 2025, and $3.5 million in Q3 2025.