Morgan Stanley Investment Funds - Sustainable Global High Yield Bond Fund Z

The Fund’s investment objective is to generate current income and total return, while integrating ESG characteristics by screening out sectors and issuers with low overall sustainability scores, with a view to achieving the long-term global warming objectives of the Paris Agreement adopted under the United Nations Framework Convention on Climate Change. The Fund will invest primarily in a diversified portfolio of high yielding, Fixed Income Securities issued by corporations and other non-government issuers organised or operating in both developed and emerging markets and denominated in global currencies, which may include zero coupon bonds, preferred stocks, deferred interest bonds and notes and bonds and notes on which the interest is payable in the form of additional eligible stocks, bonds or notes of the same kind.