Morgan Stanley Institutional Fund, Inc. Global Concentrated Portfolio (MLNIX) Diversifiers

The investment seeks long-term capital appreciation. The Adviser seeks to achieve the fund's investment objective by investing primarily in U.S. and non-U.S. companies. The adviser utilizes both a top-down and a bottom-up stock selection process, seeking investments in companies with attractive valuations, above average appreciation potential and competitive dividend yields. The Adviser primarily uses a sector-neutral factor model that is broadly grouped into the following four categories: momentum/risk, valuation, quality and growth to help identify market drivers.