Cedola Obbligazioni Globali 2020

ISIN: LU1409374441

Cedola Obbligazioni Globali 2020

ISIN: LU1409374441

Cedola Obbligazioni Globali 2020

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ISIN: LU1409374441

Overview
Pricing & Performance
Portfolio Managers
Resources

Fund Facts

Asset Class:	Fixed Income
Fund Launch Date:	02-Sep-2016
Fund Base Currency:	EUR
Fund Assets (MM): as of 18-Apr-2018	740.57 EUR

Net Asset Value: as of 18-Apr-2018	1.00 EUR
Share Class Launch Date:	02-Sep-2016
Share Class Assets (MM): as of 18-Apr-2018	740.57 EUR

Fund Codes

CUSIP:	L6514L106
ISIN:	LU1409374441

Fees & Expenses

Sales Charge:	2.00 %
Ongoing Charges:	1.61 %
Management Fee:	1.35 %
Minimum Initial Investment:	1,000 EUR

Overview

Fund Facts

Asset Class:	Fixed Income
Fund Launch Date:	02-Sep-2016
Fund Base Currency:	EUR
Fund Assets (MM): as of 18-Apr-2018	740.57 EUR

Net Asset Value: as of 18-Apr-2018	1.00 EUR
Share Class Launch Date:	02-Sep-2016
Share Class Assets (MM): as of 18-Apr-2018	740.57 EUR

Fund Codes

CUSIP:	L6514L106
ISIN:	LU1409374441

Fees & Expenses

Sales Charge:	2.00 %
Ongoing Charges:	1.61 %
Management Fee:	1.35 %
Minimum Initial Investment:	1,000 EUR

Investment Objective

Seeks to own the most attractive sectors, driven by active asset allocation and optimal diversification, and seeks to own high quality fixed income issuance in pursuit of its investment goals.

Pricing & Performance

Past performance is not indicative of future results. Please click here for additional performance disclosures and important information, which should be reviewed carefully.

Historical NAV	As of 28-Feb-2018 As of 18-Apr-2018
As of 28-Feb-2018 As of 18-Apr-2018

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Past performance is not indicative of future results.

Portfolio Managers

Jim Caron

Managing Director

26 years industry experience

Joseph Mehlman

Managing Director

16 years industry experience

Leon Grenyer

Managing Director

22 years industry experience

Gregory A. Finck

Managing Director

26 years industry experience

Insights by Global Fixed Income Team

Market Outlook

Outlook: Global Fixed Income Opportunities

Jan 11, 2018

Jim Caron provides his outlook for 2018 and offers his insights into how the active management style of the Global Fixed Income Opportunities fund can take advantage of market trends.

View Video

Global Fixed Income Bulletin

Goldilocks Meets the Three Bears

Apr 13, 2018

The Global Fixed Income team discusses how January felt like Golidlock’s conditions for markets, but March brought the three bears of risk—trade war, rising short-term rates and FANG stocks.

Resources

Product Literature

Key Investor Information Document (KIID)

Prospectus & Reports

MS Horizon Funds - Prospectus

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Performance data quoted is based on average annualized returns and net of fees.

The source for all performance and index data is Morgan Stanley Investment Management Limited.

Past performance is not a guarantee of future performance. 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. Returns may increase or decrease as a result of currency fluctuations. Performance data for funds with less than one year's track record is not shown. Performance is calculated net of fees. YTD performance data is not annualised. Performance of other share classes, when offered, may differ. Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus and key investor information document (KIID) contains this and other information about the fund. Please read the prospectus and KIID carefully before you invest.

WAM is the weighted average maturity of the portfolio. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities. By looking to a portfolio's interest rate reset schedule in lieu of final maturity dates, the WAM measure effectively captures a fund's exposure to interest rate movements and the potential price impact resulting from interest rate movements.

WAL is the weighted average life of the portfolio. The WAL calculation utilizes a security's stated final maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest (such as a put feature). Accordingly, WAL reflects how a portfolio would react to deteriorating credit (widening spreads) or tightening liquidity conditions.