Corporate Board Profile
Tech Score: 0/100
| Filing Date | Source Excerpt |
|---|---|
| 2003-11-13 | Joseph J. Kearns (61) Trustee/Director Since July 2003; Independent Trustee/Director; Deputy Chairman of the Audit Committee; Compensation: $95,500 for services to the Morgan Stanley Fund Complex; Committees: Audit Committee. |
| 2004-11-12 | Joseph J. Kearns (62) Trustee/Director Since July 2003 President, Kearns & Associates LLC (investment consulting); Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds (since July 2003) and the Institutional Funds (since August 1994); previously Chairman of the Audit Committee of the Institutional Funds (October 2001-July 2003); formerly CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Fund are currently Michael Bozic, Edwin J. Garn, Wayne E. Hedien, Dr. Manuel H. Johnson, Joseph J. Kearns, Michael E. Nugent and Fergus Reid. |
| 2005-11-14 | Joseph J. Kearns (63) Trustee/ Director Since July 2003 President, Kearns & Associates LLC (investment consulting); Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds (since July 2003) and the Institutional Funds (since August 1994); previously Chairman of the Audit Committee of the Institutional Funds (October 2001-July 2003); formerly CFO of the J. Paul Getty Trust. Seven of the current nine Trustees/Directors (Michael Bozic, Edwin J. Garn, Wayne E. Hedien, Manuel H. Johnson, Joseph J. Kearns, Michael E. Nugent and Fergus Reid) are "Independent Trustees" or "Independent Directors"... All of the Independent Trustees/Directors serve as members of the Audit Committee... The members of the Audit Committee of each Fund are currently Michael Bozic, Edwin J. Garn, Wayne E. Hedien, Dr. Manuel H. Johnson, Joseph J. Kearns, Michael E. Nugent and Fergus Reid... The following table shows aggregate compensation payable to each Fund's Trustees/Directors... Joseph J. Kearns... $211,000. |
| 2006-11-15 | Joseph J. Kearns (64)... Nominee/Trustee/Director... Chairperson of the Audit Committee (since October 2006)... Member of the Investment Committee... Member of the Closed-End, Money Market and Alternatives Sub-Committee of the Investment Committee... Total Compensation from the Fund: 262 (ICB), 226 (OIA)... Total Compensation from the Fund Complex: $217,000. |
| 2007-11-05 | Joseph J. Kearns (65) ... Nominee/Trustee/Director ... Chairperson of the Audit Committee (since October 2006) ... Member of the Investment Committee ... Member of the Money Market and Alternatives Sub-Committee ... Compensation: ICB $265, OIA $273, Fund Complex $226,250. |
| 2008-10-30 | Joseph J. Kearns (66) ... Nominee/Trustee/Director ... Chairperson of the Audit Committee (since October 2006) ... Member of the Investment Committee and Money Market and Alternatives Sub-Committee ... Total Compensation from the Fund Complex $268,125. |
| 2009-11-04 | Joseph J. Kearns (67) c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Nominee/ Trustee/ Director Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003); CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Fund are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. None of the members of the Funds' Audit Committee is an "interested person," as defined under the 1940 Act, of any of the Funds (with such disinterested Trustees/Directors being "Independent Trustees/Directors" or individually, "Independent Trustee/Director"). Each Independent Trustee/Director is also "independent" from each Fund under the listing standards of the New York Stock Exchange, Inc. ("NYSE"). The Chairperson of the Audit Committee of each of the Funds is Joseph J. Kearns. The Investment Committee oversees the portfolio investment process for and reviews the performance of each Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Chairperson of the Investment Committee is Manuel H. Johnson. The Investment Committee has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and money market/alternatives. The Sub-Committees and their members are as follows: (1) Equity - W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. (2) Fixed Income - Michael F. Klein (Chairperson), Michael Bozic and Fergus Reid. (3) Money Market and Alternatives - Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. The Chairperson of the Boards receives an additional annual retainer fee of $60,000. Other Committee Chairpersons receive an additional annual retainer fee of $30,000 and the Investment Sub-Committee Chairpersons receive an additional annual retainer fee of $15,000. The aggregate compensation paid to each Trustee/Director is paid by the Retail Funds and the Institutional Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Retail Funds and the Institutional Funds based on the relative net assets of each of the funds/portfolios. Joseph J. Kearns receives $286,250. |
| Filing Date | Source Excerpt |
|---|---|
| 2003-09-12 | Joseph J. Kearns (61) Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds and TCW/DW Term Trust 2003 (since July 2003) and the Institutional Funds (since August 1994); previously Chairman of the Audit Committee of the Institutional Funds (October 2001-July 2003). Joseph J. Kearns received $95,500 in total cash compensation for services to the Morgan Stanley Fund Complex. |
| 2004-09-14 | Joseph J. Kearns (62) Trustee Since July 2003... Deputy Chairman of the Audit Committee... Cash compensation from Fund Complex: $166,710. |
| 2005-09-21 | Joseph J. Kearns (63) President, Kearns & Associates LLC (investment consulting); Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds (since July 2003) and the Institutional Funds (since August 1994); previously Chairman of the Audit Committee of the Institutional Funds (October 2001-July 2003); formerly CFO of the J. Paul Getty Trust. Joseph J. Kearns receives an annual retainer fee of $168,000 plus $30,000 as Deputy Chairman of the Audit Committee, totaling $211,000 in 2004. |
| 2006-09-13 | Joseph J. Kearns (63) c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Nominee/Trustee Since August 1994 President, Kearns & Associates LLC (investment consulting); Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds (since July 2003) and the Institutional Funds (since August 1994); previously Chairman of the Audit Committee of the Institutional Funds (October 2001-July 2003); formerly CFO of the J. Paul Getty Trust. |
| 2007-09-11 | Joseph J. Kearns (65) ... Trustee ... President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) ... Director or Trustee of the Retail Funds (since July 2003) and the Institutional Funds (since August 1994) ... The members of the Audit Committee of each Trust are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed ... The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns ... The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, Fergus Reid and W. Allen Reed ... The Investment Committee has three Sub-Committees ... Money Market and Alternatives – Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns ... Joseph J. Kearns total compensation from Fund Complex is $226,250. |
| 2008-08-29 | Joseph J. Kearns (66) c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Nominee/ Trustee Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003); CFO of the J. Paul Getty Trust. Director of Electro Rent Corporation (equipment leasing) and The Ford Family Foundation. The Board of Trustees of each Trust has a separately-designated standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended. Each Audit Committee is charged with recommending to the full Board the engagement or discharge of the Trusts’ independent registered public accounting firm; directing investigations into matters within the scope of the independent registered public accounting firms’ duties, including the power to retain outside specialists; reviewing with the independent registered public accounting firm the audit plan and results of the auditing engagement; approving professional services provided by the independent registered public accounting firm and other accounting firms prior to the performance of such services; reviewing the independence of the independent registered public accounting firm; considering the range of audit and non-audit fees; reviewing the adequacy of each Trust’s system of internal controls; and preparing and submitting committee meeting minutes to the full Board. The members of the Audit Committee of each Trust are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. None of the members of the Trusts’ Audit Committees is an “interested person,” as defined under the 1940 Act, of any of the Trusts (with such disinterested Trustees being “Independent Trustees” or individually, “Independent Trustee”). Each Independent Trustee is also “independent” from each Trust under the listing standards of the New York Stock Exchange, Inc. (“NYSE”). The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Investment Committee oversees the portfolio investment process for and reviews the performance of each Trust. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Trusts’ primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (3) Money Market and Alternatives – Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. |
| 2009-09-14 | Joseph J. Kearns (67) c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Nominee/ Trustee Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003); CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Trust are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Investment Committee has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Trusts’ primary areas of investment, namely equities, fixed income and money market/alternatives. The Sub-Committees and their members are as follows: (3) Money Market and Alternatives – Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. |
| Filing Date | Source Excerpt |
|---|---|
| 2003-09-12 | Joseph J. Kearns (61) Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds and TCW/DW Term Trust 2003 (since July 2003) and the Institutional Funds (since August 1994); previously Chairman of the Audit Committee of the Institutional Funds (October 2001-July 2003); President, Kearns & Associates LLC (investment consulting); formerly CFO of the J. Paul Getty Trust. Compensation: $95,500. |
| 2004-09-14 | Joseph J. Kearns (62) Trustee Since July 2003... Deputy Chairman of the Audit Committee... Cash compensation from Fund Complex: $166,710. |
| 2005-09-21 | Joseph J. Kearns (63) President, Kearns & Associates LLC (investment consulting); Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds (since July 2003) and the Institutional Funds (since August 1994); previously Chairman of the Audit Committee of the Institutional Funds (October 2001-July 2003); formerly CFO of the J. Paul Getty Trust. Each Independent Trustee receives an annual retainer fee of $168,000 for serving the Retail Funds and Institutional Funds. In addition, each Independent Trustee receives $2,000 for attending each of the four quarterly board meetings and two performance meetings that occur each year, so that an Independent Trustee who attended all six meetings would receive total compensation of $180,000 for serving the Trusts. The Chairman of the Audit Committee receives an additional annual retainer fee of $60,000. Other Committee Chairmen and the Deputy Chairman of the Audit Committee receive an additional annual retainer fee of $30,000. The aggregate compensation paid to each Independent Trustee is paid by the Retail Funds and Institutional Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Retail Funds and Institutional Funds based on the relative net assets of each of the funds/portfolios. Joseph J. Kearns is the Deputy Chairman of the Audit Committee. |
| 2006-09-13 | Joseph J. Kearns (63) ... Nominee/Trustee ... President, Kearns & Associates LLC ... Deputy Chairman of the Audit Committee ... Total compensation from the Fund Complex 217,000. |
| 2007-09-11 | Joseph J. Kearns (65) c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Trustee Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and the Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003); CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Trust are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Investment Committee oversees the portfolio investment process for and reviews the performance of each Trust. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, Fergus Reid and W. Allen Reed. The Chairperson of the Investment Committee is Manuel H. Johnson. The Investment Committee has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Trusts’ primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (1) Equity – W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. (2) Fixed-Income – Michael F. Klein (Chairperson), Michael Bozic and Fergus Reid. (3) Money Market and Alternatives – Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. The Investment Committee and the Sub-Committees of the Investment Committee were formed in October 2006. The following table shows aggregate compensation payable to each of the Trustees from each Trust for the fiscal year ended October 31, 2006 and the aggregate compensation payable to each of the Trust’s Trustees by the Fund Complex (which includes all of the Retail and Institutional Funds) for the calendar year ended December 31, 2006. Joseph J. Kearns received $226,250 from the Fund Complex. |
| 2008-08-29 | Joseph J. Kearns (66) c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Nominee/ Trustee Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003); CFO of the J. Paul Getty Trust. Director of Electro Rent Corporation (equipment leasing) and The Ford Family Foundation. The Board of Trustees of each Trust has a separately-designated standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended. Each Audit Committee is charged with recommending to the full Board the engagement or discharge of the Trusts’ independent registered public accounting firm; directing investigations into matters within the scope of the independent registered public accounting firms’ duties, including the power to retain outside specialists; reviewing with the independent registered public accounting firm the audit plan and results of the auditing engagement; approving professional services provided by the independent registered public accounting firm and other accounting firms prior to the performance of such services; reviewing the independence of the independent registered public accounting firm; considering the range of audit and non-audit fees; reviewing the adequacy of each Trust’s system of internal controls; and preparing and submitting committee meeting minutes to the full Board. The members of the Audit Committee of each Trust are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. None of the members of the Trusts’ Audit Committees is an “interested person,” as defined under the 1940 Act, of any of the Trusts (with such disinterested Trustees being “Independent Trustees” or individually, “Independent Trustee”). Each Independent Trustee is also “independent” from each Trust under the listing standards of the New York Stock Exchange, Inc. (“NYSE”). The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Board of Trustees for each Trust has adopted a formal written charter for the Audit Committee which sets forth the Audit Committee’s responsibilities. A copy of the Audit Committee Charter is attached to the 2007 Joint Proxy Statement for the Trusts filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2007. Effective October 1, 2007, each Trustee (except for the Chairperson of the Boards) receives an annual retainer fee of $200,000 for serving the Retail Funds and the Institutional Funds. Prior to October 1, 2007, each Trustee (except for the Chairperson of the Boards) received an annual retainer fee of $180,000 for serving the Retail Funds and the Institutional Funds. Joseph J. Kearns total annual compensation from the Fund Complex is $268,125. |
| 2009-09-14 | Joseph J. Kearns (67) c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Nominee/ Trustee Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003); CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Trust are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Investment Committee has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Trusts’ primary areas of investment, namely equities, fixed income and money market/alternatives. The Sub-Committees and their members are as follows: (3) Money Market and Alternatives – Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. The aggregate compensation paid to each Trustee is paid by the Retail Funds and the Institutional Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Retail Funds and the Institutional Funds based on the relative net assets of each of the funds/portfolios. Joseph J. Kearns receives a total annual retainer fee of $286,250. |
| Filing Date | Source Excerpt |
|---|---|
| 2002-05-02 | Joseph J. Kearns+ ......... Class I Director of all Funds (except IIF) since 2001 Investment consultant; Director of Electro Rent Corporation (equipment leasing) and The Ford Family Foundation; Formerly, Chief Financial Officer of The J. Paul Getty Trust; Director or Trustee of various U.S. registered investment companies managed by Morgan Stanley Investment Management. |
| 2003-04-21 | Joseph J. Kearns (60) Class I Director of each of the Funds since 2001 |
| 2004-05-13 | Joseph J. Kearns (61) - Class I Director of each of the Funds (except IIF) since 2001; Class III Director of IIF - Since 2003 - President, Kearns & Associates LLC (investment consulting); Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds (since July 2003) and various U.S. registered investment companies managed by MSIM (since August 1994); previously Chairman of the Audit Committee (October 2001-July 2003); formerly Chief Financial Officer of The J. Paul Getty Trust. Total Compensation: $166,710. Committees: Audit Committee, Governance Committee. |
| 2005-05-19 | Joseph J. Kearns + (62) Class I Director of each of the Funds (except IIF) since 2001; Class III Director of IIF Since 2003 President, Kearns & Associates LLC (investment consulting); Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds (since July 2003) and various U.S. registered investment companies managed by MSIM (since August 1994); previously Chairman of the Audit Committee of various U.S. registered investment companies managed by MSIM (October 2001-July 2003); formerly Chief Financial Officer of The J. Paul Getty Trust. |
| 2006-05-18 | Joseph J. Kearns*** (63) c/o Kearns & Associates LLC PMB 754 23852 Pacific Coast Highway Malibu, California 90265 Class I Director of each of the Funds (except IIF) since 2001; Class III Director of IIF Since 2001 President, Kearns & Associates LLC (investment consulting); Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds (since July 2003) and the Institutional Funds (since August 1994); previously Chairman of the Audit Committee of the Institutional Funds (October 2001 to July 2003); formerly Chief Financial Officer of the J. Paul Getty Trust. The members of the Audit Committee of each Fund other than IIF are currently Michael Bozic, Edwin J. Garn, Wayne E. Hedien, Dr. Manuel H. Johnson, Joseph J. Kearns, Michael Nugent and Fergus Reid. The members of the Governance Committee of IIF are currently Gaetan Bouic, Joseph J. Kearns, M.J. Marcel Vivian Descroizilles and Fergus Reid, each of whom is an Independent Director. Joseph J. Kearns received $217,000 in compensation. |
| 2007-05-11 | Joseph J. Kearns† (64) c/o Kearns & Associates LLC PMB 754 23852 Pacific Coast Highway Malibu, CA 90265 Class I Director of each of the Funds (except IIF); Class III Director of IIF Since 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and the Institutional Funds (since August 1994); formerly Deputy Chairperson of the Audit Committee (July 2003 – September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001 – July 2003); CFO of the J. Paul Getty Trust. |
| 2008-05-13 | Joseph J. Kearns† (65) c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Class I Director of each of the Funds (except IIF); Class III Director of IIF Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) |
| 2009-05-07 | Joseph J. Kearns (66)c/o Kearns & Associates LLCPMB75423852 Pacific Coast HighwayMalibu, CA 90265 Class I Director of each of the Funds (except IIF); Class III Director of IIF President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003); formerly CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Fund other than IIF are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The members of IIF's Audit Committee are currently Gaetan Bouic, Joseph J. Kearns, Ravindranath Santosh Kumar Hazareesing, M.J. Marcel Vivian Descroizilles and Fergus Reid. The members of the Governance Committee of each Fund other than IIF are Kathleen A. Dennis, Michael F. Klein and Fergus Reid, each of whom is an Independent Director. The members of IIF's Governance Committee are currently Gaetan Bouic, Ravindranath Santosh Kumar Hazareesing, Joseph J. Kearns, M.J. Marcel Vivian Descroizilles and Fergus Reid, each of whom is an Independent Director. Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (1) Equity 6 W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. (2) Fixed Income 6 Michael F. Klein (Chairperson), Michael Bozic and Fergus Reid. (3) Money Market and Alternatives 6 Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. |
| 2010-05-19 | Joseph J. Kearns (67)c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Class I Director of each of the Funds (except IIF and ICB); Class III Director of IIF; Class II Director of ICB President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003); formerly CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Fund other than IIF are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The members of IIF's Audit Committee are currently Gaetan Bouic, Joseph J. Kearns, Ravindranath Santosh Kumar Hazareesing, M.J. Marcel Vivian Descroizilles and Fergus Reid. The Chairperson of the Audit Committee of all of the Funds is Joseph J. Kearns. For each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $200,000 for serving the Retail Funds and the Institutional Funds. The Chairperson of the Audit Committee receives an additional annual retainer fee of $75,000 and the Investment Committee Chairperson receives an additional annual retainer fee of $60,000. Other Committee Chairpersons receive an additional annual retainer fee of $30,000 and the Sub-Committee Chairpersons receive an additional annual retainer fee of $15,000. |
| 2010-05-19 | Joseph J. Kearns (67)c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Class I Director of each of the Funds (except IIF and ICB); Class III Director of IIF; Class II Director of ICB President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003); formerly CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Fund other than IIF are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The members of IIF's Audit Committee are currently Gaetan Bouic, Joseph J. Kearns, Ravindranath Santosh Kumar Hazareesing, M.J. Marcel Vivian Descroizilles and Fergus Reid. The Chairperson of the Audit Committee of all of the Funds is Joseph J. Kearns. For each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $200,000 for serving the Retail Funds and the Institutional Funds. The Chairperson of the Audit Committee receives an additional annual retainer fee of $75,000 and the Investment Committee Chairperson receives an additional annual retainer fee of $60,000. Other Committee Chairpersons receive an additional annual retainer fee of $30,000 and the Sub-Committee Chairpersons receive an additional annual retainer fee of $15,000. |
| 2011-05-20 | Joseph J. Kearns† (68)c/o Kearns & Associates LLC PMB754 22631 Pacific Coast Highway Malibu, CA 90265 Director of each of the Funds President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003 and since August 1994 for certain predecessor funds); formerly CFO of the J. Paul Getty Trust. Compensation: $290,000 annual retainer fee. |
| 2013-05-10 | Joseph J. Kearns (70)c/o Kearns & Associates LLCPMB75422631 Pacific CoastHighwayMalibu, CA 90265 Director of each of the Funds Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Fund other than IIF are currently Joseph J. Kearns, Michael F. Klein, Michael E. Nugent and W. Allen Reed. Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (3) Money Market and Alternatives 6 Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. The members of the Governance Committee of each Fund other than IIF are Kathleen A. Dennis and Fergus Reid, each of whom is an Independent Director. The members of IIF's Governance Committee are currently Mamode Izam Nathadkhan, Ravindranath Santosh Kumar Hazareesing, Joseph J. Kearns, M.J. Marcel Vivian Descroizilles and Fergus Reid, each of whom is an Independent Director. |
| 2014-05-05 | Joseph J. Kearns† (71)c/o Kearns & Associates LLC23823 Malibu RoadS-50-440Malibu, CA 90265 Director of each of the Funds Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. Compensation: $339,000 |
| 2015-05-08 | Joseph J. Kearns† (72)c/o Kearns & Associates LLC23823 Malibu RoadS-50-440Malibu, CA 90265 Director of each of the Funds Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Fund other than IIF are currently Jakki L. Haussler, Joseph J. Kearns, Michael F. Klein and W. Allen Reed. The Chairperson of the Audit Committee of all of the Funds is Joseph J. Kearns. Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, Nancy C. Everett, Jakki L. Haussler, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (3) Money Market and Alternatives 6) Kathleen A. Dennis (Chairperson), Jakki L. Haussler James F. Higgins and Joseph J. Kearns. Effective January 1, 2015, for each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $240,000 ($230,000 prior to January 1, 2015) for serving as a Director of the Morgan Stanley Funds. The Chairperson of the Audit Committee receives an additional annual retainer fee of $78,750 and the Investment Committee Chairperson receives an additional annual retainer fee of $63,000. Other Committee and Sub-Committee Chairpersons (except for the Chairperson of the Closed-End Fund Committee) receive an additional annual retainer fee of $31,500. The aggregate compensation paid to each Director is paid by the Morgan Stanley Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Morgan Stanley Funds based on the relative net assets of each of the funds/portfolios. Michael E. Nugent receives a total annual retainer fee of $480,000 ($460,000 prior to January 1, 2015) for his services as Chairperson of the Boards of the Morgan Stanley Funds (except IIF) and for administrative services provided to each Board. IIF pays each of its Directors an annual fee of $32,000 and the Audit Committee Chairperson is paid an additional annual fee of $5,000. The non-Mauritian Independent Directors of IIF receive a fee of $15,000 for each meeting such Director attends in Mauritius. Each Fund also reimburses Directors for travel and other out-of-pocket expenses incurred by them in connection with attending meetings of the Board. Directors of each Fund who are employed by the Adviser receive no compensation or expense reimbursement from the Funds for their services as Director. |
| 2016-05-09 | Joseph J. Kearns (73)c/o Kearns & Associates LLC23823 Malibu RoadS-50-440Malibu, CA 90265 Director of each of the Funds Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Fund other than IIF are currently Jakki L. Haussler, Joseph J. Kearns, Michael F. Klein and W. Allen Reed. The Chairperson of the Audit Committee of all of the Funds is Joseph J. Kearns. The members of the Investment Committee are Frank L. Bowman, Kathleen A. Dennis, Nancy C. Everett, Jakki L. Haussler, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Money Market and Alternatives Sub-Committee members include Kathleen A. Dennis (Chairperson), Jakki L. Haussler, James F. Higgins and Joseph J. Kearns. Joseph J. Kearns total compensation from Funds and Fund Complex is $354,000. |
| 2017-05-12 | Joseph J. Kearns† (74)c/o Kearns & Associates LLC46 E. Peninsula Center #385Rolling Hills Estates, CA90274-3712 Director of each of the Funds Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); The Chairperson of the Audit Committee of all of the Funds is Joseph J. Kearns. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. The Liquidity and Alternatives Sub-Committee consists of Kathleen A. Dennis (Chairperson), Jakki L. Haussler, Joseph J. Kearns and Patricia Maleski. Aggregate compensation paid to Joseph J. Kearns for the calendar year ended December 31, 2016 was $371,500. |
| 2018-05-09 | Joseph J. Kearns† (75)c/o Kearns & Associates LLC46 E. Peninsula Center #385Rolling Hills Estates, CA90274-3712 Director of each of the Funds (except LDF) Since August 1994 Senior Adviser, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. Compensation: $372,250. |
| 2019-05-09 | Joseph J. Kearns (76)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10112 Director of each of the Funds Senior Adviser, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. Total Compensation from Funds and Fund Complex Paid to Directors: $350,000. |
| 2020-05-08 | Joseph J. Kearns†c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1942 Director of each of the Funds Since August 1994 Senior Adviser, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); Director, Rubicon Investments (since February 2019); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust (1982-1999). Compensation: $360,000 annual retainer fee. |
| 2021-05-07 | Joseph J. Kearns†c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1942 Director of each of the Funds Since August 1994 Senior Adviser, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust (1982-1999). Compensation: $375,000 annual retainer fee. |
| 2022-05-06 | Joseph J. Kearns c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036 Birth Year: 1942 Director of each of the Funds Since August 1994 Senior Adviser, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust (1982-1999). Compensation: $375,000 |
| 2023-05-05 | Joseph J. Kearns... Director of each of the Funds... Chairperson of the Audit Committee (2006-2022)... The Audit Committee members include Joseph J. Kearns... $375,000 total compensation from Funds and Fund Complex. |
| Filing Date | Source Excerpt |
|---|---|
| 2002-05-02 | Joseph J. Kearns+ ......... Class I Director of all Funds (except IIF) since 2001; Investment consultant; Chairman of each Audit Committee other than for IIF. |
| 2003-04-21 | Joseph J. Kearns PMB 754 23852 Pacific Coast Highway Malibu, CA 90625 (60) Nominee for Class III Director of the Fund President, Kearns & Associates LLC (investment consulting); Director of Electro Rent Corporation (equipment leasing), The Ford Family Foundation and UCLA Foundation; Director or Trustee of various U.S. registered investment companies managed by MSIM; Formerly, Chief Financial Officer of The J. Paul Getty Trust. None $10,001-$50,000 215 |
| 2004-05-13 | Joseph J. Kearns - Class I Director of each of the Funds (except IIF) since 2001; Class III Director of IIF - Since 2003 - President, Kearns & Associates LLC (investment consulting); Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds (since July 2003) and various U.S. registered investment companies managed by MSIM (since August 1994); previously Chairman of the Audit Committee (October 2001-July 2003); formerly Chief Financial Officer of The J. Paul Getty Trust. Total Compensation: $166,710. |
| 2005-05-19 | Joseph J. Kearns + (62) Class I Director of each of the Funds (except IIF) since 2001; Class III Director of IIF ... Total Compensation ... $211,000 |
| 2006-05-18 | Joseph J. Kearns*** (63) c/o Kearns & Associates LLC PMB 754 23852 Pacific Coast Highway Malibu, California 90265 Class I Director of each of the Funds (except IIF) since 2001; Class III Director of IIF Since 2001 President, Kearns & Associates LLC (investment consulting); Deputy Chairman of the Audit Committee and Director or Trustee of the Retail Funds (since July 2003) and the Institutional Funds (since August 1994); The members of the Audit Committee of each Fund other than IIF are currently Michael Bozic, Edwin J. Garn, Wayne E. Hedien, Dr. Manuel H. Johnson, Joseph J. Kearns, Michael Nugent and Fergus Reid. The members of IIF’s Audit Committee are currently Gaetan Bouic, Joseph J. Kearns, Ravindranath Santosh Kumar Hazareesing, M.J. Marcel Vivian Descroizilles and Fergus Reid. The members of IIF’s Governance Committee are currently Gaetan Bouic, Joseph J. Kearns, M.J. Marcel Vivian Descroizilles and Fergus Reid, each of whom is an Independent Director. Total Compensation from Funds and Fund Complex Paid to Directors: $217,000. |
| 2007-05-11 | Joseph J. Kearns† (64) c/o Kearns & Associates LLC PMB 754 23852 Pacific Coast Highway Malibu, CA 90265 Class I Director of each of the Funds (except IIF); Class III Director of IIF Since 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and the Institutional Funds (since August 1994); formerly Deputy Chairperson of the Audit Committee (July 2003 – September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001 – July 2003); CFO of the J. Paul Getty Trust. |
| 2008-05-13 | Joseph J. Kearns† (65) c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Class I Director of each of the Funds (except IIF); Class III Director of IIF Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) |
| 2009-05-07 | Joseph J. Kearns (66)c/o Kearns & Associates LLCPMB75423852 Pacific Coast HighwayMalibu, CA 90265 Class I Director of each of the Funds (except IIF); Class III Director of IIF President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003); formerly CFO of the J. Paul Getty Trust. Compensation: $200,000 annual retainer fee plus additional fees for committee chairmanships. |
| 2010-05-19 | Joseph J. Kearns (67)c/o Kearns & Associates LLC PMB754 23852 Pacific Coast Highway Malibu, CA 90265 Class I Director of each of the Funds (except IIF and ICB); Class III Director of IIF; Class II Director of ICB Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); The members of the Audit Committee of each Fund other than IIF are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The members of IIF's Audit Committee are currently Gaetan Bouic, Joseph J. Kearns, Ravindranath Santosh Kumar Hazareesing, M.J. Marcel Vivian Descroizilles and Fergus Reid. The members of the Governance Committee of each Fund other than IIF are Kathleen A. Dennis, Michael F. Klein and Fergus Reid, each of whom is an Independent Director. The members of IIF's Governance Committee are currently Gaetan Bouic, Ravindranath Santosh Kumar Hazareesing, Joseph J. Kearns, M.J. Marcel Vivian Descroizilles and Fergus Reid. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (3) Money Market and Alternatives 6 Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. |
| 2011-05-20 | Joseph J. Kearns† (68)c/o Kearns & Associates LLC PMB754 22631 Pacific Coast Highway Malibu, CA 90265 Director of each of the Funds Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of the Retail Funds (since July 2003) and Institutional Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of the Institutional Funds (October 2001-July 2003 and since August 1994 for certain predecessor funds); formerly CFO of the J. Paul Getty Trust. Director of Electro Rent Corporation (equipment leasing), and The Ford Family Foundation. The Board has determined that Mr. Kearns is an "audit committee financial expert" as defined by the SEC. For each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $210,000 for serving the Retail Funds and the Institutional Funds. The Chairperson of the Audit Committee receives an additional annual retainer fee of $78,750 and the Investment Committee Chairperson receives an additional annual retainer fee of $63,000. Other Committee Chairpersons receive an additional annual retainer fee of $31,500 and the Sub-Committee Chairpersons receive an additional annual retainer fee of $15,750. The aggregate compensation paid to each Director is paid by the Retail Funds and the Institutional Funds. Michael E. Nugent receives a total annual retainer fee of $420,000 for his services as Chairperson of the Boards of the Retail Funds and the Institutional Funds and for administrative services provided to each Board. The following table shows the aggregate compensation payable to each of the Funds' Directors as of each Funds' fiscal year end, as well as the total compensation payable to each Director for the calendar year ended December 31, 2010. Joseph J. Kearns total compensation from Funds and Fund Complex paid to Directors: $290,000. |
| 2012-06-19 | Joseph J. Kearns† (69)c/o Kearns & Associates LLCPMB75422631 Pacific CoastHighwayMalibu, CA 90265 Director of each of the Funds Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. 105 Director of Electro Rent Corporation (equipment leasing) and The Ford Family Foundation. |
| 2013-05-10 | Joseph J. Kearns (70)c/o Kearns & Associates LLCPMB75422631 Pacific CoastHighwayMalibu, CA 90265 Director of each of the Funds Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Fund other than IIF are currently Joseph J. Kearns, Michael F. Klein, Michael E. Nugent and W. Allen Reed. The Board of Directors of each Fund also has a Governance Committee. The members of the Governance Committee of each Fund other than IIF are Kathleen A. Dennis and Fergus Reid, each of whom is an Independent Director. The members of IIF's Governance Committee are currently Mamode Izam Nathadkhan, Ravindranath Santosh Kumar Hazareesing, Joseph J. Kearns, M.J. Marcel Vivian Descroizilles and Fergus Reid. Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. The Sub-Committees and their members are as follows: (3) Money Market and Alternatives 6 Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. |
| 2014-05-05 | Joseph J. Kearns† (71)c/o Kearns & Associates LLC23823 Malibu RoadS-50-440Malibu, CA 90265 Director of each of the Funds Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. Director of Electro Rent Corporation (equipment leasing). Prior to December 31, 2013, Director of The Ford Family Foundation. |
| 2015-05-08 | Joseph J. Kearns† (72)c/o Kearns & Associates LLC23823 Malibu RoadS-50-440Malibu, CA 90265 Director of each of the Funds Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Fund other than IIF are currently Jakki L. Haussler, Joseph J. Kearns, Michael F. Klein and W. Allen Reed. The members of IIF's Audit Committee are currently M.J. Marcel Vivian Descroizilles, Ravindranath Santosh Kumar Hazareesing, Joseph J. Kearns, Mamode Izam Nathadkhan and Fergus Reid. None of the members of the Funds' Audit Committees is an "interested person," as defined under the Investment Company Act of 1940, as amended (the "1940 Act"), of any of the Funds (with such disinterested Directors being "Independent Directors" or individually, an "Independent Director"). Each Independent Director is also "independent" from each Fund as defined under the listing standards of the New York Stock Exchange, Inc. ("NYSE"). The Chairperson of the Audit Committee of all of the Funds is Joseph J. Kearns. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (3) Money Market and Alternatives — Kathleen A. Dennis (Chairperson), Jakki L. Haussler James F. Higgins and Joseph J. Kearns. |
| 2016-05-09 | Joseph J. Kearns (73)c/o Kearns & Associates LLC23823 Malibu RoadS-50-440Malibu, CA 90265 Director of each of the Funds Since August 1994 President, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. The members of the Audit Committee of each Fund other than IIF are currently Jakki L. Haussler, Joseph J. Kearns, Michael F. Klein and W. Allen Reed. The Chairperson of the Audit Committee of all of the Funds is Joseph J. Kearns. The members of the Governance Committee of each Fund other than IIF are Kathleen A. Dennis, Michael E. Nugent and Fergus Reid, each of whom is an Independent Director. Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The Investment Committee also recommends to the Board to approve or renew the Fund's Investment Advisory and Administration Agreements. The members of the Investment Committee are Frank L. Bowman, Kathleen A. Dennis, Nancy C. Everett, Jakki L. Haussler, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Investment Committee of each Fund (other than IIF) has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Funds' primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (3) Money Market and Alternatives 6 Kathleen A. Dennis (Chairperson), Jakki L. Haussler James F. Higgins and Joseph J. Kearns. |
| 2017-05-12 | Joseph J. Kearns† (74)c/o Kearns & Associates LLC46 E. Peninsula Center #385Rolling Hills Estates, CA90274-3712 Director of each of the Funds Chairperson of the Audit Committee (since October 2006) Effective January 1, 2017, for each Fund (other than IIF), each Director (except for the Chair of the Boards) receives an annual retainer fee of $260,000...The Chairperson of the Audit Committee receives an additional annual retainer fee of $80,000...The Sub-Committee Chairpersons each receive an additional annual retainer fee of $40,000...Mr. Kearns total compensation $371,500. |
| 2018-05-09 | Joseph J. Kearns† (75)c/o Kearns & Associates LLC46 E. Peninsula Center #385Rolling Hills Estates, CA90274-3712 Director of each of the Funds (except LDF) Since August 1994 Senior Adviser, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); Compensation: $372,250 |
| 2019-05-09 | Joseph J. Kearns (76)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10112 Director of each of the Funds Senior Adviser, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust. Prior to August 2016, Director of Electro Rent Corporation (equipment leasing). Prior to December 31, 2013, Director of The Ford Family Foundation. Total Compensation from Funds and Fund Complex Paid to Directors: $350,000. |
| 2020-05-08 | Joseph J. Kearns†c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1942 Director of each of the Funds Since August 1994 Senior Adviser, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); Compensation: $360,000 annual retainer fee. |
| 2021-05-07 | Joseph J. Kearns†c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1942 Director of each of the Funds Since August 1994 Senior Adviser, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust (1982-1999). Compensation: $375,000 |
| 2022-05-06 | Joseph J. Kearnsc/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1942 Director of each of the Funds Since August 1994 Senior Adviser, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 1994); formerly, Deputy Chairperson of the Audit Committee (July 2003-September 2006) and Chairperson of the Audit Committee of various Morgan Stanley Funds (since August 1994); CFO of the J. Paul Getty Trust (1982-1999). Compensation: $375,000. |
| 2023-05-05 | Joseph J. Kearns†c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1942 Director of each of the Funds Since August 1994 Senior Adviser, Kearns & Associates LLC (investment consulting); Chairperson of the Audit Committee (2006-2022) and Director or Trustee of various Morgan Stanley Funds (since August 1994); The members of the Audit Committee of each Fund are currently Nancy C. Everett, Eddie A. Grier, Jakki L. Haussler and Joseph J. Kearns. The Chairperson of the Fixed Income, Liquidity and Alternatives Investment Committee of each Fund, other than IIF, is Manuel H. Johnson. Each Director (except for the Chair of the Boards) receives an annual retainer fee of $335,000 ($295,000 prior to January 1, 2023) for serving as a Director of the Morgan Stanley Funds. |
Data sourced from SEC filings. Last updated: 2026-02-03