Morgan Stanley Investment Funds Calvert US Equity Fund Z/  LU2735360518  /

To provide long term growth by investing in large cap U.S. equities. At least 70% of the Fund's investments will be in U.S. company shares. To invest in high quality companies with strong balance sheets, durable cash flow, enduring competitive advantages, long product cycles and stable demand over the business cycle. The Investment Adviser receives non-discretionary investment advise 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.

To provide long term growth by investing in large cap U.S. equities. At least 70% of the Fund's investments will be in U.S. company shares.