Growth of $10K Avg Annual Total Return %   10 YR 5 YR 1 YR YTD Market Return 6.52% 8.01% 64.18% 17.63% Lipper Pct. Rank 38 75 25 32 NAV Return 6.77% 7.18% 64.38% 15.41% Lipper Pct. Rank 34 82 19 32 Premium/Discount History Premium/Discount 10 YR Avg 5 YR Avg YTD Avg -12.030% -13.054% -14.690%

NAV $29.14 Market Price $24.95 Net Change $0.15 Market Change -$0.04 Premium/Discount -14.38% 1 YR NAV Return 64.380% 1 YR NAV Rank 19 12-Mo Yield as of 4/30/2021 Yield Def Income Only Yield 0.00% Distribution Yield (Market) 0.02% Most Recent Income Dividend $0.004 Ex-Div Date 12/17/2020 Most Recent Cap Gain Dividend $0.028 Ex-Div Date 12/19/2019 Dividend Frequency Annually YTD Dividends -- YTD Capital Gains -- Inception Date 2/17/1994 Fund Advisor Morgan Stanley Investment Management Inc Manager & Tenure Sharma since 1996 Hattangadi since 2019 Phone 800-231-2608 Website www.morganstanley.com Total Net Assets (mil) as of 5/31/2021 $320.2 % Leveraged Assets as of 12/31/2020 -- Portfolio Turnover 46.00% Mgmt Fees 1.132% Expense Ratio 1.370% Fund Objective The Fund seeks long-term capital appreciation by investing primarily in equity securities of Indian issuers. The Fund seeks to invest primarily in equity securities of companies organized in, India, denominated in Rupees and issued by companies to finance operations in India or of companies that alone.

Top Holdings (as of 3/31/2021) Infosys Ltd ORD 9.43% ICICI Bank Ltd ORD 7.95% Axis Bank Ltd ORD 7.05% Reliance Industries Ltd ORD 6.28% Bharti Airtel Ltd ORD 5.49% Cholamandalam Investment and Finance Company Ltd ORD 4.15% HDFC Bank Ltd ORD 4.09% SRF Ltd ORD 3.09% Eicher Motors Ltd ORD 3.07% Asian Paints Ltd ORD 2.56%

Top Sectors (as of 3/31/2021) Financials 32.98% Industrials 18.17% Technology 13.79% Utilities 7.34% Oil & Gas 6.28% Telecommunications 5.49% Health Care 5.14% Basic Materials 4.17% Consumer Goods 2.61% Non Classified Equity 2.25%

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