Fees & Expenses 3
The value of the investments and the income from them will vary and there can be no assurance that the Fund will achieve its investment objectives.
Pricing & Performance
Past performance is not a reliable indicator of future results. 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 sources for all performance and Index data is Morgan Stanley Investment Management. Please click here for additional performance disclosures and important information, which should be reviewed carefully.
Please Note: Time periods where NAV figures are not displayed are due to the Fund being fully redeemed and then re-launched at a later date.
Average Annual Total Returns As of 31-May-2022 As of 31-Mar-2022
Average Annual Total Returns
Composition 4 As of 31-May-2022
Holdings As of 31-May-2022
As of 31 May 2022, the Fund does not have direct exposure to and does not hold companies listed or domiciled in Russia, Ukraine or Belarus.
Portfolio turnover is sourced from the fund's current prospectus. View current prospectus for the as of date.
Insights by Counterpoint Global
Intangibles and Earnings
The shift from tangible to intangible investments has complicated the ability to interpret financial statements. One solution is to record intangible investments on the balance sheet and then amortize them over their useful lives. These adjustments recast profitability for some companies and are inconsequential for others. Overall, we estimate that earnings for the S&P 500 would be about 10 percent higher with these changes. This suggests great caution in comparing earnings or valuation multiples over time.