Morgan Stanley Institutional Fund Trust Discovery Portfolio 

This investment aims to deliver substantial capital appreciation over the long term. The fund's advisor pursues this objective by primarily allocating capital to both established and developing companies whose market capitalization falls within the spectrum of the Russell Midcap® Growth Index. The advisor typically targets distinctive enterprises that demonstrate enduring competitive advantages and a clear outlook for future performance. Key selection criteria also include a proven ability to generate high returns on invested capital, robust financial health, and a compelling risk-to-reward proposition.