Morgan Stanley Investment Funds Short Maturity Euro Bond Fund A/  LU0073235904  /

To provide an attractive rate of relative return. At least 70% of the Fund's investments will be in fixed income securities (e.g. bonds). To invest in Euro denominated bonds, issued by corporations, government or government guaranteed issuers with less than 5 years until the bond is fully repaid.. The Fund will not invest in any securities that are rated below B- (or below BBB- in the case of Asset Backed Securities, including Mortgage Backed Securities) by S&P or equivalent. The Fund may continue to hold bonds which have had their rating lowered up to a maximum total exposure of 3% of the Fund's Net Asset Value but will sell any bonds that have not been upgraded to a rating of at least B- within six months of its downgrade.

To provide an attractive rate of relative return. At least 70% of the Fund's investments will be in fixed income securities (e.g. bonds).