Rolling 3 Year Periods vs. MSCI World, Quarterly
Since Inception through June 30, 2019
Source: Morgan Stanley Investment Management. Data as of June 30, 2019. Data updated annually. Past performance is not a reliable indicator of future results. The value of the investments may go down or up in the future and an investor may not get back the amount invested. The portfolio returns represent the Morgan Stanley Global Franchise Composite, the overarching strategy for the MS INVF Global Brands Fund. Please refer to the Global Franchise Composite Disclosure document for additional information in the appendix. The composite results shown are GROSS of investment advisory fees, are quoted in USD and include the reinvestment of dividends and income. The comparison index is the MSCI World Net Index with Net dividends reinvested. If fees had been applied returns would have been lower. The inception date of the Global Franchise Composite is March 31, 1996. Please click here for additional performance disclosures and important information, which should be reviewed carefully.