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Global Bond Fund - Z Shares (Accumulation Share Class)

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Global Bond Fund - Z Shares (Accumulation Share Class) FACTSHEET | 31 August 2021 Investors should read the Key Investor Information Document and Prospectus before investing. MORNINGSTAR OVERALL RATING* EAA FUND GLOBAL BOND CLASS Z SHARES Out of 855 Funds. Based on Risk Adjusted Return. Class Z Shares: 3yr. rating 5 Stars; 5yr. Morgan Stanley Investment Funds rating 5 Stars; 10yr. rating 5 Stars. Global Bond Fund - Z Shares (Accumulation Share Class) Investment Objective Share Class CLASS Z To generate income and the long term growth of your investment. Currency U.S. dollars Investment Approach ISIN LU0360476583 Seeks to provide an attractive rate of return, measured in U.S. dollars, through market, instrument Bloomberg MORGBDZ LX and currency selection. The Fund consists of domestic, international and euromarket fixed income Inception date 30 June 2008 securities of varying maturities denominated in U.S. dollars and other currencies, including emerging Net asset value $ 40.24 markets. YEARS OF INVESTMENT Fund Facts Investment Team JOINED FIRM EXPERIENCE Launch date 01 November 1989 Christian G. Roth, Managing Director 1991 34 Base currency U.S. dollars Jim Caron, Managing Director 2006 29 Primary Bloomberg Global Aggregate Michael B. Kushma, Chief Investment Officer of benchmark 1987 33 Index Global Fixed Income Custom Blended Benchmark Richard Ford, Managing Director 1991 30 benchmark Utkarsh Sharma, Executive Director 2014 9 Total net assets $ 1.6 billion Structure Luxembourg SICAV Team members may be subject to change at any time without notice. Class Z Shares (% net of fees) vs. Index in USD Charges (%) CLASS Z Max Entry Charge 1.00 Performance of 100 USD Invested Since 12 Month Performance Periods to Latest Inception (Cash Value) Month End (%) Ongoing Charges 0.60 200 10 Management Fee 0.45 Entry Charge is a maximum possible figure. In some cases you might pay less, you can find this out from 5 your financial adviser. Ongoing Charges reflect the payments and expenses incurred during the fund's operation and are deducted from the assets of the 100 fund over the period. It includes fees paid for 0 investment management (Management Fee), trustee/custodian, and administration charges. For more information please see the Charges and Expenses section of the prospectus. -5 0 Aug '16- Aug '17- Aug '18- Aug '19- Aug '20- Subscriptions (USD) CLASS Z Jun '08 Feb '15 Aug '21 Aug '17 Aug '18 Aug '19 Aug '20 Aug '21 Minimum initial investment 0 Minimum subsequent Investment 0 Class Z Shares Class Z Shares Blended Benchmark Blended Benchmark Statistics (3 Year Annualised) CLASS Z INDEX Investment Performance (% net of fees) in USD Excess Return (%) 0.86 -- Cumulative (%) Annualised (% p.a.) Alpha (%) 0.32 -- 1 M 3 M YTD 1 YR 3 YR 5 YR 10 YR INCEPTION Beta 1.16 1.00 Class Z Shares -0.17 0.17 -2.26 1.77 5.43 3.35 2.50 3.68 Information ratio 0.50 -- Blended Benchmark -0.42 0.02 -2.33 0.52 4.56 2.47 1.81 2.97 R squared 0.92 1.00 Sharpe ratio 0.78 0.75 Calendar Year Returns (%) 2020 2019 2018 2017 2016 2015 2014 Tracking error (%) 1.72 -- Class Z Shares 10.52 8.82 -2.56 9.61 2.40 -4.49 2.09 Volatility 5.43 4.48 Blended Benchmark 9.20 6.84 -1.20 7.39 2.09 -3.15 0.59 (Standard deviation) (%) Risk/Return statistics shown are calculated versus Past performance is not a reliable indicator of future results. Returns may increase or decrease as a the Blended Benchmark when an Index is used in result of currency fluctuations. All performance data is calculated NAV to NAV, net of fees, and does not take account of commissions and costs incurred on the issue and redemption of units. The the calculation. sources for all performance and Index data is Morgan Stanley Investment Management. Characteristics FUND INDEX This fund received a compensation payment in connection with Prudential Equity Group's Duration (years) 7.18 7.55 settlement with the U.S. SEC relating to market timing charges. Consequently, the net cash injection received in March 2010 and the related withholding tax, accrued in September 2010 and received in Average yield to maturity (%) 1.84 1.04 August 2011, have increased the fund’s AUM by USD 1,517,320 and USD 650,280, respectively. Number of holdings 511 27,340 Please refer to the additional information and definitions section at the end of this document. G LO BAL BO N D FU N D - Z S H ARES (ACCU MU LATIO N S H ARE CLAS S ) FACTS H EET | 31 AU G U S T 20 21 Top Countries (% of Total Net Assets)1 FUND Quality Distribution (% of Total Net Assets)1,5 FUND U.S. 31.21 AAA 19.61 United Kingdom 9.47 AA 11.13 Japan 8.71 A 31.49 China 6.94 BBB 21.10 Italy 4.36 BB 6.79 France 4.30 B 3.66 Australia 3.81 CCC 0.11 Spain 3.22 CC 0.17 Canada 2.97 Not Rated 5.03 Germany 2.01 Cash 0.90 Other 22.09 Cash 0.90 Top Holdings (% of Total Net Assets) FUND Umbs, 2.500000%, 2050-07-25 4.33 Sector Allocation (% of Total Net Assets)1,2,3,4 PORTFOLIO Japan (Government of), 1.700000%, 2033-06-20 3.44 Credit 32.74 Ishares USD Corp Bond Ucits Etf 2.25 Investment Grade Corporates 21.54 United States Treasury, 2.750000%, 2047-08-15 2.09 High Yield Corporates 6.15 China (Peoples Republic of), 3.270000%, 2030-11-19 1.79 Convertibles 1.54 China (Peoples Republic of), 3.130000%, 2029-11-21 1.74 ETFs 3.47 Canadian Government Bond, 2.250000%, 2029-06-01 1.56 Securitized 17.35 Japan (Government of), 2.000000%, 2040-09-20 1.50 Agency RMBS 6.83 France Government Bond Oat, 0.000000%, 2030-11-25 1.36 Non-Agency RMBS 5.24 Ishares Core EUR Corp Bond Ucits Etf, 1.086000%, 1.22 ABS 2.27 Total 21.28 CMBS 3.01 4 For additional information regarding sector classification/definitions please Government 48.51 visit www.msci.com/gics and the glossary at www.morganstanley.com/im. Treasuries 37.28 5 Quality distribution data for securities is sourced from Fitch, Moody’s and Sovereign 4.14 S&P. Where the credit ratings for individual securities differ between the three ratings agencies, the ‘highest’ rating is applied. The rating of credit Government Related 7.08 default swaps is based on the ‘highest’ rating of the underlying reference Mutual Funds 0.50 bond. 'Cash’ includes investments in short term instruments, including investments in Morgan Stanley liquidity funds. Cash & Equivalents 0.90 Currency Allocation (% of Total Net Assets)1 FUND US Dollar 38.51 Euro 23.89 Japanese Yen 13.65 Chinese Yuan Renminbi 6.82 British Pound 5.46 Canadian Dollar 2.79 South Korean Won 1.58 Australian Dollar 1.41 Mexican New Peso 0.73 Norwegian Krone 0.60 Other 4.57 1 May not sum to 100% due to the exclusion of other assets and liabilities. 2 ‘Securitized’ includes agency and non-agency RMBS and CMBS. 3 Credit Default Swap - In addition to the market values noted for Investment Grade Credit, High Yield Credit and CMBS, there may be additional notional long or short exposure to credit default swaps in these markets. Please refer to the Prospectus for full risk disclosures, available at www.morganstanleyinvestmentfunds.com. All data as of 31.08.2021 and subject to change daily. G LO BAL BO N D FU N D - Z S H ARES (ACCU MU LATIO N S H ARE CLAS S ) FACTS H EET | 31 AU G U S T 20 21 Share Class Z Risk and Reward Profile Additional Z Share Classes CURRENCY LAUNCH ISIN BLOOMBERG Low er Risk Higher Risk ZH (EUR) EUR 11.02.2016 LU0360476666 MSGZHEU LX ZH1 (EUR) EUR 07.07.2017 LU1618175894 MSGBZHI LX Potentially Lower Rewards Potentially Higher Rewards The risk and reward category shown is based on historic data. Historic figures are only a guide and may not be a reliable indicator of what may happen in the future. As such this category may change in the future. The higher the category, the greater the potential reward, but also the greater the risk of losing the investment. Category 1 does not indicate a risk free investment. The fund is in this category because it invests in fixed income securities and the fund's simulated and/or realised return has experienced medium rises and falls historically. The fund may be impacted by movements in the exchange rates between the fund's currency and the currencies of the fund's investments. This rating does not take into account other risk factors which should be considered before investing, these include: The value of bonds are likely to decrease if interest rates rise and vice versa. The value of financial derivative instruments are highly sensitive and may result in losses in excess of the amount invested by the Sub-Fund. Issuers may not be able to repay their debts, if this happens the value of your investment will decrease. This risk is higher where the fund invests in a bond with a lower credit rating. The fund relies on other parties to fulfill certain services, investments or transactions. If these parties become insolvent, it may expose the fund to financial loss. There may be an insufficient number of buyers or sellers which may affect the funds ability to buy or sell securities. Investment in Fixed Income Securities via the China Interbank Bond Market may also entail additional risks, such as counterparty and liquidity risk.
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