Variable Insurance Funds

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Past performance is not indicative of future results. Please click here here for important information, which should be reviewed carefully.

  

The Portfolios are not available for direct investment. Shares of the Portfolio are offered exclusively to certain life insurance companies in connection with particular variable life insurance and/or variable annuity contracts they issue. The insurance companies invest in shares of the Portfolios in accordance with instructions received from owners of variable life insurance or annuity contracts.

Variable annuities are long-term investments designed for retirement purposes. Withdrawals are taxed as ordinary income. Withdrawals prior to age 59 1/2 are subject to a 10% tax penalty. Only individuals or institutions domiciled in the United States of America are legally permitted to invest in these funds.

Please consider the investment objective, risks, charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund. To obtain a prospectus, download one here or call 1-800-548-7786. Please read the prospectus carefully before investing.

Morgan Stanley Investment Management (MSIM) is the asset management division of Morgan Stanley.