Morgan Stanley Investment Funds Calvert Global Equity Fund A/  LU2714840118  /

To provide high returns, consistent with reasonable risk, by investing in companies that exhibit sound management of ESG characteristics. At least 70% of the Fund"s investments will be in company shares. To invest in high or improving quality companies with secular growth characteristics, high or improving returns on invested capital, sustainable competitive advantages, durable balance sheets, and a strong capital allocation record. The Investment Adviser receives non-discretionary investment advice from Calvert Research and Management. The Fund utilises a quantitative and qualitative ESG research process that applies the Calvert Principles for Responsible Investment (the "Calvert Principles"). Companies are assessed for their management of ESG risks and opportunities and are deemed either eligible or ineligible for investment. The Investment Adviser and Calvert may seek to engage company management on financially material ESG issues identified through fundamental and ESG research. The Fund will measure its performance against the MSCI All Country World Index (the "Benchmark"). The Fund is actively managed and is not designed to track the Benchmark. Therefore, the management of the Fund is not constrained by the composition of the Benchmark.

To provide high returns, consistent with reasonable risk, by investing in companies that exhibit sound management of ESG characteristics. At least 70% of the Fund"s investments will be in company shares.