Grow your investment with Morgan Stanley US Advantage Fund, focusing on US growth stocks for long-term capital appreciation. Net returns shown, but remember, investments may fluctuate. Check prospectus for details.
Morgan Stanley US Advantage Fund
Morgan Stanley US Advantage Fund is an open-ended fund established in the USA that aims to grow your investment over three to five years by investing in US growth stocks. Please be aware that investments may both rise and decline and you may not get back what you originally invested; please read up on what the prospectus contains for more details.
Investing in US companies
The Fund focuses on long-term capital appreciation through investing in securities issued by US companies and, on an ancillary basis, those issued by foreign issuers that do not denominate in USD. Our investment team seeks to identify high-quality established companies within the range of market capitalizations included in the Russell 1000 Growth Index that offer long-term growth prospects using rigorous fundamental analysis in selecting stocks.
Returns shown are net of fees and assume reinvestment of dividends and other income, not including sales charges or transaction costs; as a result, their performance may differ from that of other share classes.
Eaton Vance and Morgan Stanley are registered marketing agents of this Fund in all EEA countries where it’s available for sale unless otherwise indicated. Before investing, it is advisable to review both its current prospectus and summary, and most recent annual and semiannual shareholder reports in detail before making your decision.
Morgan Stanley US Advantage Fund: Investing in growth stocks
Investment in growth stocks can be an efficient way to achieve long-term capital appreciation, but their prices can fluctuate and past performance is no guarantee of future results. Furthermore, investing in growth stocks tends to be more volatile than investing in value stocks.
Investors should carefully evaluate the investment objectives, risks, charges and expenses of any Fund before investing. A prospectus contains this and other essential details – contact your financial advisor or Morgan Stanley for one.
MS & Co, an affiliate of Morgan Stanley and MSFL, serves as the calculation agent for this PLUS. They will make determinations related to it such as initial and final index values; selecting an alternative index in case of market disruption; and calculating any cash payout at maturity, if applicable.
Morgan Stanley US Advantage Fund: Investing in value stocks
Value stocks offer long-term capital appreciation. But it is important to remember that past performance doesn’t guarantee future outcomes and the investment return and principal value will fluctuate; meaning when redeemed they may be worth more or less than initially invested.
All returns shown below are net of fees and assume the reinvestment of dividends and distributions, except where otherwise noted. Returns for less than one year are cumulative rather than annualized. The Russell 1000 Value Index provides an unmanaged index that provides an indication of market conditions in large-cap value stocks.
Morgan Stanley Smith Barney LLC, a Member of SIPC and Registered Investment Adviser. Morgan Stanley Private Bank National Association is also available as a Member FDIC bank offering banking products and services. For additional details please view Morgan Stanley Smith Barney LLC Disclosure Booklet and Core Portfolio Wrap Fee Programs Brochure.
Morgan Stanley US Advantage Fund: Investing in small caps
Small-cap stocks may offer investors a promising financial return. These companies typically boast greater growth potential than larger cap stocks and can often be found across a wide variety of industries. However, investing in these small cap companies may carry additional risk than larger caps because their investor capital tends to be smaller and therefore they may be more sensitive to market changes; plus they’re typically not as popular and hard to come across in the marketplace.
Many brokerages offer small-cap mutual funds and ETFs that track the small-cap market as an easy way to diversify your portfolio while reducing research effort. Furthermore, these funds may help protect you from purchasing individual companies with low price-to-earnings ratios that might pose more of a risk than expected in their early development stage.
Morgan Stanley US Advantage Fund: Investing in mid caps
Investment in mid-market companies that possess sustainable business models and demonstrate long-term growth characteristics. Such companies typically display strong or increasing returns on invested capital, sustainable competitive advantages, durable balance sheets and strong cash flow generation capabilities – as well as exhibit sound management of ESG principles.
The Fund strives to grow investor’s investments over a three to five-year time horizon by investing in a concentrated yet balanced portfolio of US growth stocks. Its managers possess over 14 years of experience managing such equity portfolios through both bull and bear markets.
The fund may invest opportunistically across strategy themes in private market investments that align with Morgan Stanley’s global platform, including secondaries, co-investments and direct interfaces with Morgan Stanley’s global platform. Priority investments may include U.S. government bonds, corporate debt and securitized debt primarily; non-investment-grade securities or currencies may be considered depending on market conditions; past performance is no guarantee of future results; returns and principal value can fluctuate and when shares are redeemed their worth may exceed or less than their initial cost
Morgan Stanley US Advantage Fund: Investing in large caps
This Fund seeks to increase investor returns over three to five years by investing at least 80% of its assets in US company securities, using as its benchmark the Standard & Poor’s 500 Index as its measure.
Performance data shown is net of fees and annualised returns are reinvested; past performance should not be used as a guideline for future results.
Investors should carefully consider the investment objectives, risks and charges/expenses of any Fund prior to investing. A prospectus/summary prospectus contains this and other essential information about each Fund; consult your financial adviser or download one from this website for this.
Investors should thoroughly familiarize themselves with Fidelity’s Pre-sale Illustrations document and Doing Business with Fidelity document (which includes Fidelity Client Terms), along with any relevant Fund information documents before making an investment decision. All these can be found under Charges & Documents on our website.
FAQs: Morgan Stanley US Advantage Fund
1. What is the Morgan Stanley US Advantage Fund?
- The Morgan Stanley US Advantage Fund is an open-ended fund based in the USA with the primary goal of growing your investment over a period of three to five years. It achieves this by investing in US growth stocks.
2. What is the investment strategy of the Fund?
- The Fund focuses on long-term capital appreciation by investing in securities issued by US companies and, to a lesser extent, those issued by foreign issuers not denominated in USD. It employs rigorous fundamental analysis to select high-quality established companies within the market capitalization range of the Russell 1000 Growth Index.
3. What returns can I expect from the Fund?
- Returns shown are net of fees and assume reinvestment of dividends and other income. However, they do not include sales charges or transaction costs. Actual performance may differ from that of other share classes.
4. Who are the marketing agents of the Fund?
- Eaton Vance and Morgan Stanley serve as registered marketing agents for the Fund in all EEA countries where it’s available for sale, unless otherwise indicated.
5. What are the risks associated with investing in growth stocks?
- Investing in growth stocks can offer long-term capital appreciation but comes with the risk of price fluctuations. Past performance is not indicative of future results, and volatility tends to be higher compared to value stocks.
6. How can I obtain more information before investing?
- Before investing, it’s advisable to review the current prospectus, summary, and the most recent annual and semiannual shareholder reports. You can obtain these documents from your financial advisor or directly from Morgan Stanley.
7. What role does MS & Co play in the Fund?
- MS & Co, an affiliate of Morgan Stanley, serves as the calculation agent for the Fund. They handle tasks such as determining initial and final index values, selecting alternative indices in case of market disruption, and calculating any cash payout at maturity.
8. What should I consider when investing in value stocks?
- While value stocks offer long-term capital appreciation potential, it’s important to note that past performance does not guarantee future outcomes. The investment return and principal value can fluctuate, and returns shown are net of fees and assume reinvestment of dividends and distributions.
9. What are the benefits and risks of investing in small caps?
- Small-cap stocks offer promising financial returns due to their greater growth potential, but they also carry additional risks, such as sensitivity to market changes and less liquidity compared to larger-cap stocks.
10. What is the investment focus of the Fund regarding mid caps?
- The Fund invests in mid-market companies with sustainable business models and long-term growth characteristics. These companies typically demonstrate strong returns on invested capital, competitive advantages, sound balance sheets, and effective management of ESG principles.
11. How does the Fund invest in large caps?
- The Fund aims to increase investor returns over three to five years by investing at least 80% of its assets in US company securities, with the Standard & Poor’s 500 Index serving as its benchmark.
12. Where can I find additional information before making an investment decision?
- Investors should thoroughly familiarize themselves with relevant documents such as prospectuses, summary prospectuses, pre-sale illustrations, and any other relevant Fund information documents available on the Morgan Stanley website or through your financial advisor.