Morgan Stanley Portfolios:
Making Research Investable

Unit Investment Trusts (UITs) are idea-driven portfolios that turn innovative trends, themes and insights into powerful investments across asset classes and market sectors.

EXCLUSIVITY

Differentiated UIT offerings are only available through a Morgan Stanley Financial Advisor

WORLD-CLASS RESOURCES

Morgan Stanley UITs harness original research and innovative investment strategies to create portfolios across a variety of market sectors and investment themes

ACCESS AND TRANSPARENCY

Morgan Stanley UITs offer transparent access to investment selections based on firm research

Proprietary UITs Driven by Powerful Ideas

Powerful Ideas

Insights sources from the full scale and global reach of the Firm

Investable Products

Original research and innovative solutions

Product Approval

Products are evaluated and approved by experienced investors

Ongoing Oversight

Products are continuously monitored

MORGAN STANLEY PORTFOLIOS

Opportunistic Portfolios

Some of our portfolios convert disruptive trends into timely investable products or take advantage of the context of current market conditions that may have a limited horizon. As trends shift, so will the flow of ideas that our teams convert into UITs.

Blue Chip Values, Series 1

Recurring Portfolios

Others are built around recurring goals that are less susceptible to changing trends or economic conditions—generating dividend income, for example. At maturity, these UITs offer the option of rolling over into a new series of the same portfolio.

Optimized Equity Dividend Strategy, Series 10

Investing in disruption

A UIT is a cost effective way to invest in a market insight, a disruptive trend or any other investable objective—from providing dividend income to taking advantage of shifts in a specific industry that may impact multiple sectors. Morgan Stanley UITs offer:

World Class Resources

Morgan Stanley UITs offer institutional level access to high-end investment managers at a low cost of entry. Our UITs harness original research, innovative investment strategies and risk management to create portfolios across a variety of market sectors and investment themes.

Diversification

Each portfolio is selected based on its investment objective. Holdings within a UIT generally remain fixed, which can help avoid overweighting securities. Each UIT is a professionally selected portfolio of securities with limited cash positions—so more of your money is working in the market.

Exclusivity & Transparency

After identifying attractive opportunities, we transform them into actionable investment ideas. From a product’s inception through its lifespan, we perform ongoing monitoring. Morgan Stanley UITs also offer direct access to our portfolio managers and research analysts with full transparency.

Morgan Stanley is one of the largest distributors of UITs, with access to more than 300 third-party offerings as well as our own proprietary UIT products, available exclusively to our clients. Talk to your Financial Advisor about which best fits your goals.

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Investors should carefully consider the investment objectives, risks, charges and expenses of a UIT before investing. The prospectus contains this and other information about the UIT. To obtain a prospectus, please utilize this website or contact your Financial Advisor. Please read the prospectus carefully before investing.

In general, UITs use a buy and hold strategy that is designed to remain fixed over their respective terms. UITs issue redeemable securities or "units" at prices based on net asset value. Units can be sold at any time, at a price that will reflect the net asset value on the date of sale less any remaining deferred sales charge and/or other charges as applicable. The proceeds may be more or less than the original value of a client's investment. Clients should consider the tax implications of investing in successive portfolios if one is available. Morgan Stanley Smith Barney LLC and its affiliates do not provide tax or legal advice. Clients should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Choosing a UIT that is right for you depends on your tolerance for risk, among other things. As with any equity investment, unit prices will fluctuate and there is no assurance that prices will appreciate and not decline over the life of a UIT. Stock prices can be volatile and holders can lose money by investing in a UIT. The amount of dividends a client receives depends on each issuer's dividend policy, the financial condition of the securities and general economic conditions. Clients should understand the potential risks associated with common stocks. Since UITs may invest in securities of issuers located in foreign markets, please see the applicable UIT’s prospectus for more information on the risks associated with investments in foreign securities, which may be magnified in emerging markets. In addition, since UITs may invest significantly in one or more sectors, please see the applicable UIT’s prospectus for more information on the risks associated with more concentrated portfolios.

CRC#2992511 (03/2020)

Morgan Stanley Portfolios: Making Research Investable