Fund Description

The fund was incepted in December 1992 and is managed by Morgan Stanley Investment Management. The fund seeks above-average total return over a market cycle of three to five years. The fund invests in a mix of equity and fixed income securities. The fund normally invests 45-75% of its assets in equity securities and 25-55% of its assets in fixed income securities. The fund may also invest up to 25% of its assets in foreign equity and foreign fixed income securities, including emerging market securities. Dividends are distributed quarterly. If any net gains are realized from the sale of underlying securities, the fund normally distributes the gains with the last distributions for the calendar year.