Morgan Stanley Investment Funds - Emerging Leaders Equity Fund A

The Fund’s investment objective is to increase the value of your investment over the long term, mainly through growth of capital. The fund invests at least 70% of total net assets in equities of emerging or frontier market companies (frontier markets are less developed than emerging markets). In actively managing the fund, the investment manager first identifies drivers of growth across emerging markets. It then uses fundamental analysis to build a concentrated portfolio of companies that appear to be best positioned to benefit from these market opportunities (top-down and growth-oriented bottom-up approach).