Morgan Stanley Wealth Management recently launched the 2015
series of two unit investment trusts: The Uncommon Values UIT and
Uncommon Values Growth & Income UIT. The two trusts are based
on Morgan Stanley’s Vintage Values research report.
Each year, Morgan Stanley’s analysts present the stock ideas
they believe most likely to realize superior risk-adjusted returns
over the next 12 months to the Stock Selection Committee and
Research Management. The committee then determines the final list
for the Vintage Values report based on these presentations.
“The stocks in the Vintage Values report reflect the cornerstone
strengths of Morgan Stanley’s analysts: their insight into emerging
industry trends, rigorous bottom-up company analysis, and their
assessment of what they believe to be among the most attractive
risk/reward profiles — in fact, our analysts’ estimates are above
Street consensus for every stock in the report,” said Stephen
Penwell, Managing Director, Morgan Stanley & Co. North America
Research.
The Uncommon Values UIT is a growth-oriented portfolio that
seeks above-average capital appreciation and the Uncommon Values
Growth & Income UIT is an income-oriented portfolio that is
weighted more heavily toward dividend payers.
“Morgan Stanley has been a sponsor in the UIT space since 2014.
This has enabled us to bring all elements – stock selection,
portfolio construction and distribution – together under one roof
at the firm," said Colbert Narcisse, Morgan Stanley Managing
Director and Head of Traditional Investment Products.
This communication shall not constitute an offer to sell or a
solicitation of an offer to buy; nor shall there be any sale of
these securities in any state in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
Investors should consider the investment objectives, risks,
and charges and expenses carefully before investing.
Investors should contact a Morgan Stanley Financial Advisor or
call Morgan Stanley Smith Barney LLC at 1-800-869-0690 to request a
prospectus, which contains this and other important portfolio
information. Investors should read it carefully before
investing.
These materials are intended only for Morgan Stanley Smith
Barney LLC clients in the United States and prospective clients in
the United States.
RISK CONSIDERATIONS
Choosing an Uncommon Values UIT that is right for you depends on
your tolerance for risk, among other things. As with any equity
investment, unit prices will fluctuate and there is no assurance
that prices will appreciate and not decline over the life of a
Trust. Stock prices can be volatile and holders can lose money by
investing in a Trust. In addition, the amount of dividends you
receive depends on each issuer’s dividend policy, the financial
condition of the securities and general economic conditions.
If you invest in a Trust, you should understand the potential
risks associated with common stocks. Since the Trusts’ portfolios
include securities of issuers located in foreign markets, the
Trusts may be more affected by the risks of investing in foreign
securities, which include economic, political, monetary and/or
legal factors, changing currency exchange rate, foreign taxes and
differences in financial and accounting standards. In addition, the
Trusts’ portfolios invest significantly in one or more sectors.
Because of their narrow focus, sector investments tend to be more
volatile than investments that diversify across many sectors and
companies. Morgan Stanley Smith Barney LLC and its affiliates do
not provide tax or legal advice. Clients should seek advice based
on the taxpayer’s particular circumstances from an independent tax
advisor.
Each portfolio is a unit investment trust, which uses a buy and
hold strategy that is designed to remain fixed over its 15- month
life. The UIT issues redeemable securities or “units” at prices
based on net asset value. Units can be sold at any time, at a price
that will reflect the net asset value on the date of sale less any
remaining deferred sales charge. The proceeds may be more or less
than the cost. You can opt for dividends to be reinvested in
additional units or paid out in cash. These trusts are part of a
long-term strategy and investors should consider their ability to
invest in successive portfolios at the applicable sales charge, if
available.
While the Uncommon Values UITs are based in part on research
published by Morgan Stanley & Co. LLC Research (“Morgan Stanley
Research”), the securities in each trust were selected by Morgan
Stanley Smith Barney LLC, its affiliate and Sponsor of the Trust.
Other than providing research, Morgan Stanley Research is not
liable for any information contained in the prospectus which it did
not provide. The Trust is not sponsored or endorsed by Morgan
Stanley Research. Morgan Stanley Research makes no representation
or warranty, express or implied, to the unitholders of the Trust or
any member of the public regarding the advisability of investing in
units of the Trust. Morgan Stanley Research has no obligation or
liability in connection with the investment decisions made by the
Sponsor or the Trust or in connection with the administration of
the Trust. You should note that the Trust may continue to purchase
or hold securities, notwithstanding the fact that Morgan Stanley
Research may have revised its opinion with respect to any
individual security based on the selection process employed by
Morgan Stanley Research when preparing the original report or any
subsequent report. In particular, any subsequent publication of a
similar type of list of securities or an update of any above
referenced report by Morgan Stanley Research will not affect the
composition of the trust.
This UIT is offered by Morgan Stanley Smith Barney LLC to its
clients exclusively by Morgan Stanley Financial Advisors. While the
compensation payable to your Financial Advisor on the sale of this
unit investment trust is the same as for other unit investment
trusts offered by other sponsors, Morgan Stanley Smith Barney LLC
receives additional compensation and fees for creating and
servicing the Trust as Sponsor. This compensation is a variable
percentage of total sales of the Trust, in addition to a portion of
the gross sales charge on total sales that is not payable as
compensation to Financial Advisors. These amounts, which exceed the
amount Morgan Stanley Smith Barney LLC receives on sales of unit
investment trusts from other sponsors, may represent a conflict of
interest for Morgan Stanley and its Financial Advisor when offering
the trust."
The Sponsor and its affiliates may use the list of securities
included in the Trust and distribute this information to various
individuals and entities. The Sponsor and its affiliates may
recommend to other clients or otherwise effect transactions in the
securities held by the Trust. This may have an adverse effect on
the prices of the securities. This also may have an impact on the
price the Trust pays for the securities and the price received upon
unit redemptions or liquidation of the securities. The Sponsor and
its affiliates also issue reports and make recommendations on
securities, which may include the securities in the Trust. In
addition, the Sponsor and its affiliates in their general
securities businesses may act as agent or principal in connection
with buying and selling securities, including the securities held
by the Trust, and may have bought the securities held in the Trust,
thereby benefiting. In the future, the Sponsor and its affiliates
may seek to provide investment banking or other services to any of
the issuers of the securities in the Trust.
S&P 500 Index is an unmanaged, market value-weighted index
of 500 stocks generally representative of the broad stock market.
An investment cannot be made directly in a market index.
Morgan Stanley Wealth Management, a global leader, provides
access to a wide range of products and services to individuals,
businesses and institutions, including brokerage and investment
advisory services, financial and wealth planning, Global banking
and lending, cash management, annuities and insurance, retirement
and trust services.
Morgan Stanley (NYSE:MS) is a leading global financial services
firm providing investment banking, securities, investment
management and wealth management services. With offices in more
than 43 countries, the Firm's employees serve clients worldwide
including corporations, governments, institutions and individuals.
For more information about Morgan Stanley, please visit
www.morganstanley.com.
©2015 Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 1276370 08/2015
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150825005350/en/
Morgan Stanley Wealth ManagementMedia RelationsMargaret Draper,
914-225-6369
Morgan Stanley (NYSE:MS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Morgan Stanley (NYSE:MS)
Historical Stock Chart
From Apr 2023 to Apr 2024