Morgan Stanley Investment Funds - European Property Fund B

The fund aims for long-term growth of investments by investing in publicly traded real estate securities in Europe. The strategy combines a value-oriented, bottom-up approach with a top-down allocation to achieve diversified exposure to all major asset classes, with an overweighting to property markets offering the best relative valuation.

The fund is primarily exposed to European real estate securities, with top countries in the portfolio including the United Kingdom, Germany, and France. Sector allocation includes diversified, office, residential, retail, and industrial properties. Top holdings include Vonovia Se.

The fund's risk and reward profile is categorized as potentially higher risk with potentially higher rewards. Risks include exposure to fluctuations in exchange rates, reliance on third parties for services, investments, or transactions, and additional risks associated with investing in real estate. Past performance is not indicative of future results, and investors may lose a substantial portion of their investment due to market fluctuations.

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