The fund seeks to provide current income and capital appreciation by investing in companies outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Morgan Stanley Investment Management Limited, and Morgan Stanley Investment Management Company.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities of companies in the real estate industry, including real estate operating companies, real estate investment trusts and similar entities established outside the United States.

In selecting securities for the portfolio, the team employs a combination of bottom-up and top-down methodologies.

The bottom-up security selection utilizes a value-driven approach to identify companies that offer the best relative value relative to their underlying assets and earnings.

As part of the top-down analysis, the team focuses on property markets that offer the best relative valuation. Top-down considerations include forecasted fundamental inflections, macroeconomic considerations, geopolitical and country risk assessments.

Also, the research team integrates environmental, social and governance factors as part of its process.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund will invest primarily in companies located in the developed countries of North America, Europe and Asia, but may also invest in emerging markets.

The fund seeks to provide current income and capital appreciation by investing in companies outside the United States.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The fund manages assets with the help of two sub-advisers namely Morgan Stanley Investment Management Limited, and Morgan Stanley Investment Management Company.

The sub-advisers’ investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in securities of companies in More