CAF

Morgan Stanley China A Share Fund Inc. is a closed-end investment fund that provides U.S. investors access to China A-shares, which are shares of companies incorporated in mainland China that trade on the Shanghai and Shenzhen stock exchanges. The fund is managed by Morgan Stanley Investment Management and seeks long-term capital appreciation by investing primarily in equity securities of Chinese companies. China A-shares have historically been available only to mainland Chinese investors and approved foreign institutional investors through quota programs, making this fund a vehicle for broader international participation in China's domestic equity markets. The fund's portfolio typically includes companies across diverse sectors of the Chinese economy including technology, financials, consumer goods, industrials, and healthcare. Morgan Stanley's investment team conducts fundamental research and portfolio management from offices in China and globally, leveraging local market expertise and company access. As a closed-end fund, the fund issues a fixed number of shares that trade on stock exchanges, with market prices potentially differing from the underlying net asset value. The fund provides exposure to China's economic growth and the performance of domestic Chinese companies, subject to risks including regulatory changes, currency fluctuations, and Chinese market volatility.