# Investment Performance (% net of fees) in USD
|  | 1 M | 3 M | YTD | 1 YR |  | 3 YR 5 YR 10 YR INCEPTION |
| --- | --- | --- | --- | --- | --- | --- |
| Class B Shares | 12.08 | 3.05 | -24.50 | -22.53 |  | -2.61 -3.16 -0.332.36 |
| MSCI Emerging Markets Net Index | 14.83 | -1.78 | -18.95 | -17.43 |  | 0.14 -0.42  2.07	4.56 |

Cumulative (%)	Annualised (% p.a.)
|  |  |
| --- | --- |
| Calendar Year Returns (%) | 2021 2020 | 2019 | 2018 2017 2016 | 2015 2014 | 2013 | 2012 |  | Down-capture ratio (%) | 106.96 | 100.00 |
| Class B Shares | 1.78 12.50 | 16.90 | -18.36 33.14 4.18 | -12.06 -5.79 | -1.22 | 17.12 |  | Up-capture ratio (%) | 97.45 | 100.00 |
| MSCI Emerging Markets Net Index | -2.54  18.31 | 18.42 | -14.57 37.28 11.19 | -14.92 -2.19 | -2.60 | 18.22 |  | Characteristics | FUND | INDEX |

All performance data is calculated NAV to NAV, net of fees, and does not take account of commissions and costs incurred on the issue and redemption of units. The sources for all performance and Index data is Morgan Stanley Investment Management.

### The value of the investments and the income from them can go down as well as up and an investor may not get back the amount invested.

### Effective 1st November 2021 the Morgan Stanley Investment Funds Emerging Markets Equity Fund was renamed to Sustainable Emerging Markets Equity Fund.
| Active share (%) | 74.05 | -- |
| --- | --- | --- |
| Number of holdings | 73 | 1,386 |
| Price/earnings (LTM) †† | 13.76 | 10.69 |
| Price/cash flow | 8.59 | 6.51 |
| Price/book | 2.50 | 1.62 |
| Return on equity (%) | 19.76 | 14.90 |

Weighted average market capitalization ($B)
93.45  59.98
Dividend Yield (%)	2.31	3.22

### †† LTM = Last Twelve Months.
Please refer to the additional information and definitions section at the end of this document.

Translation (ENIT, 2022-11-30):
# Performance degli investimenti (% al netto delle commissioni) in USD
Cumulata (%)	Annualizzata (% p.a.)
DA INIZIO
Rapporto di cattura rialzo	97,45 100,00
1 M  3 M
ANNO 1 ANNO	3 ANNI 5 ANNI 10 ANNI LANCIO
Tracking error (%)	7,24	--
| Azioni di Classe B	12,08 | 3,05 | -24,50 | -22,53 | -2,61 | -3,16 | -0,33 | 2,36 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| MSCI Emerging Markets	14,83 | -1,78 | -18,95 | -17,43 | 0,14 | -0,42 | 2,07 | 4,56 |

Net Index
Rapporto di cattura ribassista	106,96 100,00
| Rendimenti nell'Anno solare |  |  |  |  |  |  | Caratteristiche | COMPARTO INDICE |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| (%) | 2021 2020 | 2019 | 2018 2017 2016 | 2015 2014 2013 | 2012 |  | Active share (%) | 74,05	-- |
| Azioni di Classe B | 1,78 12,50 | 16,90 | -18,36 33,14 4,18 | -12,06 -5,79  -1,22 | 17,12 |  | Numero di posizioni | 73	1.386 |
| MSCI Emerging Markets Net Index | -2,54 18,31 | 18,42 | -14,57 37,28 11,19 | -14,92 -2,19 -2,60 | 18,22 |  | Prezzo/utili (LTM) †† | 13,76  10,69 |

Tutti i dati di performance sono calcolati in base al valore del patrimonio netto (NAV), al netto delle spese, e non comprendono le commissioni e gli oneri relativi all’emissione e al rimborso delle quote. Tutti i dati relativi alle performance e agli indici sono tratti da Morgan Stanley Investment Management.

## Il valore degli investimenti e i proventi da essi derivanti possono aumentare come diminuire e un investitore può non recuperare l'importo investito.

## A decorrere dal 1 novembre 2021, il comparto Morgan Stanley Investment Funds Emerging Markets Equity Fund ha assunto la denominazione di Sustainable Emerging Markets Asian Equity Fund.
Prezzo/flusso di cassa	8,59	6,51
| Redditività del capitale	19,76 | 14,90 |
| --- | --- |
| Capitalizzazione di mercato	93,45 media ponderata ($ mld) | 59,98 |
| Capitalizzazione di mercato	25,38 mediana ponderata ($ mld) | 13,71 |
| Rendimento dividendo (%)	2,31 | 3,22 |

Prezzo/valore contabile	2,50	1,62 proprio (%)

## †† LTM = ultimi 12 mesi.
Si rimanda alla sezione Informazioni supplementari e definizioni alla fine del presente documento.