XML 11 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Morgan Stanley Focus Growth Fund (Prospectus Summary) | Morgan Stanley Focus Growth Fund
Fund Summary
Investment Objective
Morgan Stanley Focus Growth Fund seeks long-term capital growth.
Fees and Expenses
The table below describes the fees and expenses that you may pay if you buy and
hold shares of the Fund. You may qualify for sales charge discounts if you and
your family invest, or agree to invest in the future, at least $25,000 in the
Morgan Stanley Funds. More information about these and other discounts is
available from your financial advisor and in the "Share Class Arrangements"
section beginning on page 24 of this Prospectus and in the "Purchase, Redemption
and Pricing of Shares" section beginning on page 52 of the Fund's Statement of
Additional Information ("SAI").
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees Morgan Stanley Focus Growth Fund
Class A
Class B
Class C
Class I
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 5.25% [1] none none none
Maximum deferred sales charge (load) (as a percentage based on the lesser of the offering price or net asset value at redemption) none [2] 5.00% [3] 1.00% [3] none
[1] Reduced for purchases of $25,000 and over.
[2] Investments that are not subject to any sales charges at the time of purchase are subject to a contingent deferred sales charge ("CDSC") of 1.00% that will be imposed if you sell your shares within 18 months after purchase, except for certain specific circumstances.
[3] The Class B CDSC is scaled down to 1.00% during the sixth year, reaching zero thereafter, and the Class C CDSC is only applicable if you sell your shares within one year after purchase. See "Share Class Arrangements" for a complete discussion of the CDSC.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Morgan Stanley Focus Growth Fund
Class A
Class B
Class C
Class I
Advisory fee 0.44% 0.44% 0.44% 0.44%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% none
Other expenses 0.27% 0.27% 0.27% 0.27%
Total annual Fund operating expenses 0.96% 1.71% 1.71% 0.71%
Example
The example below is intended to help you compare the cost of investing in the
Fund with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund, your investment has a
5% return each year, and the Fund's operating expenses remain the same (except
for the ten-year amounts for Class B shares which reflect the conversion to
Class A shares eight years after the end of the calendar month in which shares
were purchased). Although your actual costs may be higher or lower, based on
these assumptions your costs would be:
If You SOLD Your Shares:
Expense Example Morgan Stanley Focus Growth Fund (USD $)
Expense Example, With Redemption, 1 Year
Expense Example, With Redemption, 3 Years
Expense Example, With Redemption, 5 Years
Expense Example, With Redemption, 10 Years
Class A
618 815 1,028 1,641
Class B
674 839 1,128 1,820
Class C
274 539 928 2,019
Class I
73 227 395 883
If You HELD Your Shares:
Expense Example, No Redemption Morgan Stanley Focus Growth Fund (USD $)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class A
618 815 1,028 1,641
Class B
174 539 928 1,820
Class C
174 539 928 2,019
Class I
73 227 395 883
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These costs, which are not reflected in
Total annual Fund operating expenses or in the Example, affect the Fund's
performance. During the most recent fiscal year, the Fund's portfolio turnover
rate was 32% of the average value of its portfolio.
Principal Investment Strategies
The Fund normally invests at least 65% of its assets in a portfolio of common
stocks (including depositary receipts).

The Fund's "Adviser," Morgan Stanley Investment Management Inc., emphasizes a
bottom-up stock selection process, seeking attractive investments on an
individual company basis. In selecting securities for investment, the Adviser
seeks to invest primarily in established and emerging high quality companies it
believes have sustainable competitive advantages and the ability to redeploy
capital at high rates of return. The Adviser typically favors companies with
rising returns on invested capital, above average business visibility, strong
free cash flow generation and an attractive risk/reward.

Up to 25% of the Fund's net assets may be invested in foreign securities
(including depositary receipts), which may include emerging market securities.
This percentage limitation, however, does not apply to securities of foreign
companies that are listed in the United States on a national securities
exchange.

The Fund may invest in privately placed and restricted securities.

The Fund may utilize foreign currency forward exchange contracts, which are
derivatives, in connection with its investments in foreign securities.
Principal Risks
There is no assurance that the Fund will achieve its investment objective and
you can lose money investing in this Fund. The principal risks of investing in
the Fund include:

• Common Stock. In general, common stock values fluctuate, and sometimes widely
fluctuate, in response to activities specific to a company as well as general
market, economic and political conditions.

• Foreign and Emerging Market Securities. Investments in foreign markets entail
special risks such as currency, political, economic and market risks. There also
may be greater market volatility, less reliable financial information, higher
transaction and custody costs, decreased market liquidity and less government
and exchange regulation associated with investments in foreign markets. In
addition, investments in certain foreign markets, which have historically been
considered stable, may become more volatile and subject to increased risk due
to ongoing developments and changing conditions in such markets. Moreover, the
growing interconnectivity of global economies and financial markets has
increased the probability that adverse developments and conditions in one
country or region will affect the stability of economies and financial markets
in other countries or regions. The risks of investing in emerging market
countries are greater than risks associated with investments in foreign
developed countries. In addition, the Fund's investments may be denominated in
foreign currencies and therefore, changes in the value of a country's currency
compared to the U.S. dollar may affect the value of the Fund's investments.
Hedging the Fund's currency risks through foreign currency forward exchange
contracts involves the risk of mismatching the Fund's objectives under a foreign
currency forward exchange contract with the value of securities denominated in a
particular currency. There is additional risk that such transactions reduce or
preclude the opportunity for gain and that currency contracts create exposure to
currencies in which the Fund's securities are not denominated. The use of
foreign currency forward exchange contracts involves the risk of loss from the
insolvency or bankruptcy of the counterparty to the contract or the failure of
the counterparty to make payments or otherwise comply with the terms of the
contract.

• Non-Diversified Status. The Fund is a "non-diversified" mutual fund and, as
such, its investments are not required to meet certain diversification
requirements under federal law. Compared with "diversified" funds, the Fund may
invest a greater percentage of its assets in the securities of an individual
corporation or governmental entity. Thus, the Fund's assets may be concentrated
in fewer securities than other funds. A decline in the value of those investments
would cause the Fund's overall value to decline to a greater degree.

• Privately Placed and Restricted Securities. The Fund's investments may also
include privately placed securities, which are subject to resale restrictions.
These securities will have the effect of increasing the level of Fund
illiquidity to the extent the Fund may be unable to sell or transfer these
securities due to restrictions on transfers or on the ability to find buyers
interested in purchasing the securities. The illiquidity of the market, as well
as the lack of publicly available information regarding these securities, may
also adversely affect the ability to arrive at a fair value for certain
securities at certain times.

Shares of the Fund are not bank deposits and are not guaranteed or insured by
the Federal Deposit Insurance Corporation or any other government agency.
Past Performance
The bar chart and table below provide some indication of the risks of investing
in the Fund by showing changes in the Fund's Class B shares' performance from
year to year and by showing how the Fund's average annual returns for the one,
five and 10 year periods compared with those of a broad measure of market
performance, as well as an index that represents a group of similar mutual
funds, over time. The performance of the other Classes will differ because the
Classes have different ongoing fees. The performance information in the bar
chart does not reflect the deduction of sales charges; if these amounts were
reflected, returns would be less than shown. The Fund's returns in the table
include the maximum applicable sales charge for each Class and assume you sold
your shares at the end of each period (unless otherwise noted). The Fund's past
performance (before and after taxes) does not indicate how the Fund will perform
in the future. Updated performance information is available online at
www.morganstanley.com/im or by calling toll-free (800) 869-NEWS.
Annual Total Returns-Calendar Years
Bar Chart
High Quarter 6/30/09 22.41%
Low Quarter 12/31/08 -34.00%
Average Annual Total Returns For Periods Ended December 31, 2011
Average Annual Total Returns Morgan Stanley Focus Growth Fund
Average Annual Returns, Label
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Class A
Class A: Return Before Taxes (10.70%) 2.70% 2.72%
Class B
Class B: Return Before Taxes (11.11%) 2.68% 2.64% [1]
Class B After Taxes on Distributions
Return After Taxes on Distributions [2] (11.11%) 2.68% 2.64% [1]
Class B After Taxes on Distributions and Sales
Return After Taxes on Distributions and Sale of Fund Shares (7.22%) 2.30% 2.28% [1]
Class C
Class C: Return Before Taxes (7.39%) 3.03% 2.50%
Class I
Class I: Return Before Taxes (5.50%) 4.08% 3.52%
Russell 1000® Growth Index
Russell 1000® Growth Index (reflects no deduction for fees, expenses or taxes) [3] 2.64% 2.50% 2.60%
Lipper Large-Cap Growth Funds Index
Lipper Large-Cap Growth Funds Index (reflects no deduction for taxes) [4] (2.90%) 0.85% 1.43%
[1] Effective April 2005, Class B shares will generally convert to Class A shares approximately eight years after the end of the calendar month in which the shares were purchased. The "Past 10 Years" performance for Class B shares reflects this conversion.
[2] These returns do not reflect any tax consequences from a sale of your shares at the end of each period, but they do reflect any applicable sales charges on such a sale.
[3] The Russell 1000® Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000® Index is an index of approximately 1,000 of the largest U.S. companies based on a combination of market capitalization and current index membership. It is not possible to invest directly in an index.
[4] The Lipper Large-Cap Growth Funds Index is an equally weighted performance index of the largest qualifying funds (based on net assets) in the Lipper Large-Cap Growth Funds classification. There are currently 30 funds represented in this Index.
The after-tax returns shown in the table above are calculated using the
historical highest individual federal marginal income tax rates during the
period shown and do not reflect the impact of state and local taxes. After-tax
returns for the Fund's other Classes will vary from the Class B shares' returns.
Actual after-tax returns depend on an investor's tax situation and may differ
from those shown, and after-tax returns are not relevant to investors who hold
their Fund shares through tax-deferred arrangements, such as 401(k) plans or
individual retirement accounts. After-tax returns may be higher than before-tax
returns due to foreign tax credits and/or an assumed benefit from capital losses
that would have been realized had Fund shares been sold at the end of the
relevant periods, as applicable.