1 All interactions between International Equity Team portfolio managers and company management or non-executive board members from January 1, 2019 – December 31, 2019 where material E, S, or G factors discussed. Data updated annually.
2 MSCI ESG Research defines a portfolio's carbon footprint as the carbon emissions (Scope 1 and 2) of a portfolio per million dollars invested. They sum up all the emissions in a portfolio based on the investor's ownership share, using reported or estimated emissions data.
3 ROOCE (Return on Operating Capital Employed) = EBITA (Earnings Before Interest, Taxes and Amortization)/PPE (Property, Plant, Equipment) + Trade Working Capital (excludes goodwill). Ex-Financials.
1 All interactions between International Equity Team portfolio managers and company management or non-executive board members from January 1, 2018 – December 31, 2018 where material E, S, or G factors discussed. Data updated annually.
2 MSCI ESG Research defines a portfolio's carbon footprint as the carbon emissions (Scope 1 and 2) of a portfolio per million dollars invested. They sum up all the emissions in a portfolio based on the investor's ownership share, using reported or estimated emissions data.
3 ROOCE (Return on Operating Capital Employed) = EBITA (Earnings Before Interest, Taxes and Amortization)/PPE (Property, Plant, Equipment) + Trade Working Capital (excludes goodwill). Ex-Financials. EBIT Margin Stability is (1-(std deviation)/mean))10 year average. Free cash flow yield is a financial ratio that measures a company’s operating free cash flow minus its capital expenditures per share and dividing by its price per share. Free cash flow yield ratio is calculated by using the underlying securities of the fund. Data as of March 31, 2020, updated quarterly.
Fully Integrated ESG Process
Free of Tobacco, Alcohol, Gambling, Adult Entertainment, and Controversial Weapons or Firearms
Free of Fossil Fuels,
Bulk Commodities and
Gas or Electric Utilities
Please consider the investment objectives, risks, charges and expenses of the funds carefully before investing. The prospectuses contain this and other information about the funds. To obtain a prospectus please download one at morganstanley.com/im or call 1-800-548-7786. Please read the prospectus carefully before investing.