Morgan Stanley Investment Funds Euro Bond Fund - B/  LU0073254871  /

To provide an attractive rate of relative return. At least 70% of the Fund's investments will be in fixed income securities (e.g. bonds). To invest in Euro denominated fixed income securities issued by corporations and governmental or governmental related agencies. The Fund will not invest in any securities that are rated below B- (or below BBB- in the case of Asset Backed Securities, including Mortgage Backed Securities) by S&P or equivalent. The Fund may continue to hold bonds which have had their rating lowered up to a maximum total exposure of 3% of the Fund's Net Asset Value but will sell any bonds that have not been upgraded to a rating of at least B- within six months of its downgrade. 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 relative return. At least 70% of the Fund's investments will be in fixed income securities (e.g. bonds).