¹ Applies to MSIM-branded products

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US Patent No. 11188983B1

The returns on a portfolio consisting primarily of Environmental, Social and Governance (ESG), Diversity Equity and Inclusion (DEI) or faith-based investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG, DEI and faith-based criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria. Diversification does not guarantee a profit or protect against a loss in declining financial markets.

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