Morgan Stanley Institutional Fund Trust Discovery Portfolio Class I 

This fund aims to achieve substantial long-term capital appreciation. Its advisor primarily allocates investments to both established and emerging companies whose market capitalizations align with those found within the Russell Midcap® Growth Index. The investment strategy prioritizes identifying distinctive businesses that are believed to possess durable competitive advantages, clear operational transparency, a strong ability to deploy capital efficiently for high returns, robust financial health, and a favorable balance of risk and potential reward.