Morgan Stanley Investment Funds - Global Permanence Fund Z USD Acc

The Fund’s investment objective is to seek long-term capital appreciation (measured in USD). The fund primarily invests (at least 70% of total net assets) in equity securities, including depositary receipts (including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs)), of established companies located throughout the world, with capitalisations within the range of companies included in the MSCI All Country World Index. The investment process will emphasise a bottom up stock selection process seeking attractive investments on an individual company basis. In selecting securities for investment, the investment manager typically invests in companies it believes have strong name recognition and sustainable competitive advantages with above average business visibility, the ability to deploy capital at high rates of return, strong balance sheets and an attractive risk/reward.