This document was published in June 2022 and has been prepared for informational purposes only and does not constitute a solicitation of an offer to buy or sell securities or other financial instruments or to participate in any trading strategy. negotiation. This document was not prepared by the research department of Morgan Stanley and is not a research report as defined by FINRA regulations. This document does not provide personalized investment advice. It has been prepared without taking into account the personal financial situation and objectives of the people who receive it. Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. LLC (collectively, “Morgan Stanley”), members of SIPC, recommend that beneficiaries determine, in consultation with their own investment, legal, tax, regulatory and accounting advisers, the risks economic and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences, of the operation or strategy referenced in any document. The suitability of a particular investment or strategy will depend on the investor’s individual circumstances and objectives. Morgan Stanley, its affiliates, employees and Morgan Stanley financial advisors do not provide tax, accounting or legal advice. Individuals should consult their tax advisor for matters relating to taxation and tax planning, and their attorney for matters relating to legal matters.
Past performance is not a guarantee or indication of future performance.
Historical data presented represents past performance and does not guarantee comparable future results.
This document contains forward-looking statements and there can be no guarantee that they will materialize. The information contained herein is based on data from multiple sources and Morgan Stanley makes no representations as to the accuracy or completeness of data from sources outside of Morgan Stanley. References to third parties contained herein should not be construed as a solicitation on behalf of or an endorsement of such entities by Morgan Stanley.
The returns of a portfolio composed primarily of environmentally, social and governance (“ESG”) conscious investments may be lower or higher than those of a portfolio that is more diversified or whose decisions are based solely on investment considerations. Because ESG criteria exclude certain investments, investors may not be able to take advantage of the same opportunities or market trends as investors who do not use these criteria.
Diversification does not guarantee a profit or protect against losses in a declining financial market.
Investing in the market involves the risk of market volatility. The value of all types of investments, including stocks, mutual funds, exchange-traded funds (“ETFs”) and alternative investments, can go up or down over varying periods of time.
Investors should carefully consider the investment objectives and risks as well as the fees and expenses of a mutual fund/exchange-traded fund before investing. To obtain a prospectus, contact your financial advisor or visit the fund company’s website. The prospectus contains this and other information about the mutual fund/exchange-traded fund. Read the prospectus carefully before investing.
Bonds are subject to interest rate risk. When interest rates rise, bond prices fall; generally, the longer a bond’s maturity, the more sensitive it is to this risk. Bonds may also be subject to purchase risk, ie the risk that the issuer will repay the debt at its option, in whole or in part, before the scheduled maturity date. The market value of debt securities may fluctuate and the proceeds from sales prior to maturity may be more or less than the amount originally invested or the value at maturity due to changes in market conditions or the quality of issuer credit. Debt securities issued by US corporations and municipalities that offer a return in the form of fixed periodic payments and eventual repayment of principal at maturity. Fixed income investments are beneficial in times of low inflation, but do not protect investors in times of rising inflation. Interest income on government securities is subject to federal income tax but exempt from state and local taxes.
Bond funds and bond holdings have the same interest rate, inflation and credit risks associated with the underlying bonds held by the funds. The return of principal on bond funds and funds with large bond holdings is not guaranteed.
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