Rolling 3 Year Periods vs. MSCI World, Quarterly
Since Inception through June 30, 2020
Source: Morgan Stanley Investment Management. Data as of June 30, 2020. Data updated annually. Past performance is not a reliable indicator of future results. The portfolio returns represent the MS INVF Global Brands Fund, I Share. Returns may increase or decrease as a 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 value of the investments and the income from them can go down as well as up and an investor may not get back the amount invested. There are additional risks involved with this type of investment. Performance returns reflect the average annual rates of return. Periods less than 1 year are not annualised. Performance returns are compared to the MSCI World Net Index and are considered to be a relevant comparison to the portfolio. Comparisons of performance assume the reinvestment of all dividends and income. The inception date of the MS INVF Global Brands Fund I Share Class is October 30, 2000.