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Check the background of Morgan Stanley Smith Barney LLC on FINRA's BrokerCheck and see the Morgan Stanley Smith Barney LLC Relationship Summary.

Investment Products • Not FDIC Insured • No Bank Guarantee • May Lose Value

Banking products and services are provided by Morgan Stanley Private Bank, National Association, Member FDIC.

Banking Products • FDIC Insured • Bank Guarantee

You can use the Automatic Investment Plan to add to existing mutual fund positions only. If you don't already own shares in the fund you wish to buy, you must make an initial purchase before you can set up your Automatic Investment Plan. Automatic investment plans and dollar-cost averaging do not assure a profit or protect against loss in declining markets. Investors should consider their financial ability to continue their purchases through periods of low price levels.

If used properly, this security technology, which is based on technology from RSA Security, Inc. will not permit unauthorized access. While we continually strive to provide the best available security technology, no guarantee can be made that new methods will not emerge to circumvent this technology.

Morgan Stanley and its affiliates do not provide tax advice, and you always should consult your own tax advisor regarding your personal circumstances before taking any action that may have tax consequences.

Securities products and investment advisory services offered by Morgan Stanley Smith Barney LLC, Member SIPC and a Registered Investment Adviser. Commodity futures and options on futures products and services offered by E*TRADE Futures LLC, Member NFA Stock plan administration solutions and services offered by E*TRADE Financial Corporate Services, Inc., and are a part of Morgan Stanley at Work. Banking products and services provided by Morgan Stanley Private Bank, National Association, Member FDIC. All entities are separate but affiliated subsidiaries of Morgan Stanley. E*TRADE from Morgan Stanley and Morgan Stanley at Work are registered trademarks of Morgan Stanley.

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