MSIF Gl.Balanc.Risk Control F.o.F.AH USD/  LU1099740216  /

To provide an attractive level of total return. At least 70% of the Fund's investments are in investment funds (including other funds managed by Morgan Stanley Investment Management). The Fund allocates between asset classes, regions and countries on a tactical basis depending on where they see the best potential for return. The Fund is managed within a clearly-defined, risk-controlled framework, actively managing the volatility level in line with a pre-defined target volatility. The investor will also pay the ongoing costs of the underlying investment funds that the Fund is invested in. The Fund is actively managed and the management of the Fund is not constrained by or compared to a benchmark.

To provide an attractive level of total return. At least 70% of the Fund's investments are in investment funds (including other funds managed by Morgan Stanley Investment Management).