Index Definitions
S&P 500 Index: The Standard & Poor’s (S&P) 500 Index tracks the performance of 500 widely held, large-cap US stocks.
risk considerations
equity securities may fluctuate in response to news about companies, industries, market conditions and the general economic environment.
The value of Fixed Income Securities fluctuate and, when sold, may be worth more or less than their original cost or maturity value. Bonds are subject to interest rate risk, call risk, reinvestment risk, liquidity risk and issuer credit risk.
High yield bonds (bonds rated below investment grade) may have speculative characteristics and involve significant risks in excess of those of other securities, including greater credit risk, price volatility and limited secondary market liquidity. High yield bonds should make up only a limited part of a balanced portfolio.
companies pay dividends may reduce or curtail payouts at any time.
Asset Allocation and Diversification do not guarantee a profit or protect against losses in falling financial markets.
Investments in small and medium-sized companies carries unique risks such as limited product lines, markets and financial resources, and greater volatility than securities of larger, more established companies.
Because of their narrow focus, industry investments tend to be more volatile than investments diversified across many sectors and companies. technology stocks can be particularly volatile. Risks for companies in the energy and natural resources Sectors include Commodity Price Risk, Supply and Demand Risk, Depletion Risk and Exploration Risk. Healthcare stocks are subject to government regulation and government approval of products and services, which can significantly affect price and availability, and which can also be significantly impacted by rapid obsolescence and patent expirations.
The indices are uncultivated. An investor cannot invest directly in an index. They are for illustrative purposes only and do not represent the performance of any particular investment.
The Indexes selected by Morgan Stanley Wealth Management to measure performance are representative of broad asset classes. Morgan Stanley Wealth Management reserves the right to change representative indices at any time.
disclosure
Morgan Stanley Wealth Management is the trading name of Morgan Stanley Smith Barney LLC, a United States registered broker-dealer. This material has been prepared for informational purposes only and does not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell, any security or other financial instrument, or to participate in any trading strategy. Past performance is not necessarily indicative on future performance.
Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors do not provide legal or tax advice. Each client should always consult their personal tax and/or legal adviser for information regarding their individual situation and for information on any potential tax or other implications that may result from the implementation of any particular recommendation.
No part of this material may be reprinted, sold or redistributed without the written permission of Morgan Stanley Smith Barney LLC.
© 2023 Morgan Stanley Smith Barney LLC, a member of SIPC.
CRC#5475589 (02/2023)
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