Morgan Stanley Investment Funds European High Yield Bond Fund - A/  LU0073255761  /

To provide an attractive rate of return. At least 70% of the Fund's investments will be in fixed income securities (e.g. bonds). To invest in lower rated Euro denominated fixed income securities issued by corporations and governmental or governmental related agencies. These bonds usually offer a higher yield than high rated bonds. Investments may include non-European and emerging market issued Fixed Income Securities in addition to asset-backed securities, loan participations and loan assignments, to the extent that these instruments are securitised. As an essential and integrated part of the research process and through engagement with issuers, the Investment Adviser incorporates an assessment of sustainability-related risks and opportunities into the assessment process.

To provide an attractive rate of return. At least 70% of the Fund's investments will be in fixed income securities (e.g. bonds).