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Smith barney account12/30/2023 ![]() ![]() FOR OFFICE USE ONLY The subscription amount and the applicable placement fee amount must be available in the clients Morgan Stanley Smith Barney account 5 business days before the end of the month. Morgan Stanley Investment Management (MSIM) is the asset management division of Morgan Stanley.Subscription Agreement for Morgan Stanley Smith Barney LLC.Īl Blackstone Real Estate Income Fund & Blackstone Real Estate Income Fund II Application forms are due 7 business days before Please read the prospectus carefully before investing. To obtain a prospectus, download one at or call 1.800.236.0992. The prospectus contains this and other information about the portfolios. Please consider the investment objectives, risks, charges and expenses of the portfolios carefully before investing. The Funds’ sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. You could lose money by investing in the Fund. Total return assumes an investment at the beginning of the period, reinvestment of all distributions for the period in accordance with the fund's dividend reinvestment plan, and sale of all shares at the end of the period. Weighted average life takes into account all call options exercised by the issuer as well as permissible maturity shortening devices such as demand features. The Net Asset Value (NAV) per share is determined by dividing the value of the fund's portfolio securities, cash and other assets, less all liabilities, by the total number of common shares outstanding. Weighted average life (WAL). A measure of sensitivity to liquidity and/or credit risk. The weighted average maturity of the portfolio represents the market-weighted average of the maturities of the portfolio's individual holdings. Weighted average maturity (WAM). Maturity measures the number of days remaining in the life of a bond. Calculated by dividing the Annual Cash Inflows / Market Price. The effective yields are annualized net yields that describe 1-year earnings assuming dividends are reinvested at the average rate of the last 7 days. For Unsubsidized yield information, please click on the Unsubsidized link above.Ĭurrent yield is a measure that looks at the current price of a bond instead of its face value and represents the return an investor would expect if he or she purchased the bond and held it for a year. The Unsubsidized yield does not reflect the fee waivers currently in effect. Absent such fee waivers, the yield would have been lower. Subsidized reflects current fee waivers in effect. The yield quotation more closely reflects the current earnings of the money market fund than the total return quotation. Expenses are based on the fund's current prospectus. Absent such waivers and/or reimbursements, returns would have been lower. These waivers and/or reimbursements will continue for at least one year from the date of the applicable fund’s current prospectus (unless otherwise noted in the applicable prospectus) or until such time as the fund's Board of Trustees acts to discontinue all or a portion of such waivers and/or reimbursements. Where the net expense ratio is lower than the gross expense ratio, certain fees have been waived and/ or expenses reimbursed. Investment returns will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. For the most recent month-end performance figures, please select the "month" timeframe within the Performance tab or call 1-80. Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. Performance data quoted is based on average annualized returns and net of fees.
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