Morgan Stanley Institutional Fund Advantage Portfolio Class R6 is a U.S. mutual fund focused on achieving long-term capital appreciation. The fund primarily invests in established large-cap companies in the United States that exhibit strong name recognition, sustainable competitive advantages, robust business visibility, and a proven ability to deploy capital at high returns. The portfolio tends to have a concentrated allocation, with a significant portion—over 60%—typically invested in its top ten holdings, which span sectors such as technology, consumer cyclical, communication services, and healthcare. Notable portfolio constituents include DoorDash, Cloudflare, Tesla, and Shopify, reflecting the fund’s emphasis on secular growth and innovation-driven businesses. Designed for institutional and retirement plan investors, Class R6 has a high minimum initial investment of $5 million and a low expense ratio relative to its peer group. The fund benchmarks its performance against the Russell 1000 Growth Index and fits within the large growth category. Its management team is recognized for a rigorous, research-driven investment process that seeks companies capable of delivering superior long-term growth, irrespective of short-term market fluctuations. This approach aims to provide investors with access to high-conviction growth opportunities within the U.S. equity market.