Corporate Board Profile
Tech Score: 0/100
| Filing Date | Source Excerpt |
|---|---|
| 2006-11-15 | Kathleen A. Dennis (53)... Nominee/Trustee/Director... Chairperson of the Closed-End, Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006)... Member of the Governance Committee... The members of the Investment Committee are Kathleen A. Dennis... Total Compensation from the Fund: 103 (ICB), None (OIA)... Ms. Dennis and Messrs. Bowman, Klein and Reed did not serve as Trustees/Directors of the Funds until August 1, 2006 and therefore did not receive any compensation from OIA for the Fund's last fiscal year nor did they receive any compensation payable to the Fund's Trustees/Directors by the Fund Complex for the calendar year ended December 31, 2005. |
| 2007-11-05 | Kathleen A. Dennis (54) ... Nominee/Trustee/Director ... Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) ... Member of the Governance Committee ... Compensation: ICB $205, OIA $207, Fund Complex $78,750. |
| 2008-10-30 | Kathleen A. Dennis (55) ... Nominee/Trustee/Director ... Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) ... Member of the Governance Committee ... Total Compensation from the Fund Complex $200,000. |
| 2009-11-04 | Kathleen A. Dennis (56) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Nominee/ Trustee/ Director Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). The members of the Governance Committee of each Fund are Kathleen A. Dennis, Michael F. Klein and Fergus Reid, each of whom is an Independent Trustee/Director. The Chairperson of the Governance Committee is Fergus Reid. 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. Kathleen A. Dennis receives $215,000. |
| Filing Date | Source Excerpt |
|---|---|
| 2006-09-13 | Kathleen A. Dennis (52)c/o Kramer Levin Naftalis & Frankel LLPCounsel to the Independent Trustees1177 Avenue of the AmericasNew York, NY 10036 Nominee N/A President, Cedarwood Associates (since 2006) (mutual fund consulting); formerly, Senior Managing Director of Victory Capital Management (1993-2006). |
| 2007-09-11 | Kathleen A. Dennis (54) ... Trustee ... President, Cedarwood Associates (mutual fund consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) ... Director or Trustee of various Retail Funds and Institutional Funds (since August 2006) ... The members of the Governance Committee of each Trust are Kathleen A. Dennis, Michael F. Klein and Fergus Reid ... The Chairperson of the Governance Committee is 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, 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 ... Kathleen A. Dennis total compensation from Fund Complex is $78,750. |
| 2008-08-29 | Kathleen A. Dennis (55) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Nominee/ Trustee Since August 2006 President, Cedarwood Associates (mutual fund and investment management) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Director of various non-profit organizations. The Board of Trustees of each Trust also has a Governance Committee. The Governance Committee identifies individuals qualified to serve as Independent Trustees on each Trust’s Board and on committees of such Board and recommends such qualified individuals for nomination by the Trusts’ Independent Trustees as candidates for election as Independent Trustees, advises each Trust’s Board with respect to Board composition, procedures and committees, develops and recommends to each Trust’s Board a set of corporate governance principles applicable to the Trusts, monitors and makes recommendations on corporate governance matters and policies and procedures of the Trusts’ Board of Trustees and any Board committees and oversees periodic evaluations of the Trusts’ Board and its committees. The members of the Governance Committee of each Trust are Kathleen A. Dennis, Michael F. Klein and Fergus Reid, each of whom is an Independent Trustee. The Chairperson of the Governance Committee is Fergus Reid. 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 | Kathleen A. Dennis (56) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Nominee/ Trustee Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). The Board of Trustees of each Trust also has a Governance Committee. The members of the Governance Committee of each Trust are Kathleen A. Dennis, Michael F. Klein and Fergus Reid, each of whom is an Independent Trustee. The Chairperson of the Governance Committee is 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 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 |
|---|---|
| 2006-09-13 | Kathleen A. Dennis (52) ... Nominee ... President, Cedarwood Associates (since 2006) ... None. |
| 2007-09-11 | Kathleen A. Dennis (54) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Trustee Since August 2006 President, Cedarwood Associates (mutual fund consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). The Board of Trustees of each Trust also has a Governance Committee. The members of the Governance Committee of each Trust are Kathleen A. Dennis, Michael F. Klein and Fergus Reid, each of whom is an Independent Trustee. The Chairperson of the Governance Committee is Fergus Reid. 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. Kathleen A. Dennis received $78,750 from the Fund Complex. |
| 2008-08-29 | Kathleen A. Dennis (55) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Nominee/ Trustee Since August 2006 President, Cedarwood Associates (mutual fund and investment management) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Director of various non-profit organizations. The Board of Trustees of each Trust also has a Governance Committee. The Governance Committee identifies individuals qualified to serve as Independent Trustees on each Trust’s Board and on committees of such Board and recommends such qualified individuals for nomination by the Trusts’ Independent Trustees as candidates for election as Independent Trustees, advises each Trust’s Board with respect to Board composition, procedures and committees, develops and recommends to each Trust’s Board a set of corporate governance principles applicable to the Trusts, monitors and makes recommendations on corporate governance matters and policies and procedures of the Trusts’ Board of Trustees and any Board committees and oversees periodic evaluations of the Trusts’ Board and its committees. The members of the Governance Committee of each Trust are Kathleen A. Dennis, Michael F. Klein and Fergus Reid, each of whom is an Independent Trustee. The Chairperson of the Governance Committee is Fergus Reid. 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. 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. Kathleen A. Dennis total annual compensation from the Fund Complex is $200,000. |
| 2009-09-14 | Kathleen A. Dennis (56) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 Nominee/ Trustee Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). The Board of Trustees of each Trust also has a Governance Committee. The members of the Governance Committee of each Trust are Kathleen A. Dennis, Michael F. Klein and Fergus Reid, each of whom is an Independent Trustee. The Chairperson of the Governance Committee is 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 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. Kathleen A. Dennis receives a total annual retainer fee of $215,000. |
| Filing Date | Source Excerpt |
|---|---|
| 2006-05-18 | Kathleen A. Dennis† (52)c/o Kramer Levin Naftalis & Frankel LLPCounsel to the Independent Directors1177 Avenue of the AmericasNew York, NY 10036 Nominee for Director of each of the Funds (except IIF) N/A President, Cedarwood Associates (mutual fund consulting) (since 2006); Senior Managing Director of Victory Capital Management (1993 to 2006). |
| 2007-05-11 | Kathleen A. Dennis† (53) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class I Director of each of the Funds (except IIF) Since 2006 President, Cedarwood Associates (mutual fund consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly Senior Managing Director of Victory Capital Management (1993 – 2006). |
| 2008-05-13 | Kathleen A. Dennis† (54) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class I Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) |
| 2009-05-07 | Kathleen A. Dennis (55)c/o Kramer Levin Naftalis & Frankel LLPCounsel to the Independent Directors1177 Avenue of the AmericasNew York, NY 10036 Class I Director of each of the Funds (except IIF) President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). 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. 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, 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 | Kathleen A. Dennis (56)c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class I Director of each of the Funds (except IIF and ICB); Class II Director of ICB President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). 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 Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee is Kathleen A. Dennis. 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 | Kathleen A. Dennis (56)c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class I Director of each of the Funds (except IIF and ICB); Class II Director of ICB President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). 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 Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee is Kathleen A. Dennis. 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 | Kathleen A. Dennis† (57)c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Director of each of the Funds (except IIF) President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Compensation: $215,000 annual retainer fee. |
| 2013-05-10 | Kathleen A.Dennis (59)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of theAmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). 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. |
| 2014-05-05 | Kathleen A.Dennis† (60)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of theAmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Compensation: $251,500 |
| 2015-05-08 | Kathleen A.Dennis† (61)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of theAmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). 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. Effective April 1, 2004, the Funds began a Deferred Compensation Plan (the "DC Plan"), which allows each Director to defer payment of all, or a portion, of the fees he or she receives for serving on the Board of Directors throughout the year. Each eligible Director generally may elect to have the deferred amounts credited with a return equal to the total return on one or more of the Morgan Stanley Funds (or portfolios thereof) that are offered as investment options under the DC Plan. At the Director's election, distributions are either in one lump sum payment, or in the form of equal annual installments over a period of five years. The rights of an eligible Director and the beneficiaries to the amounts held under the DC Plan are unsecured and such amounts are subject to the claims of the creditors of each Fund. |
| 2016-05-09 | Kathleen A. Dennis (62)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of theAmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Effective January 1, 2016, for each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $250,000 ($240,000 prior to January 1, 2016) for serving as a Director of the Morgan Stanley Funds. 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. Kathleen A. Dennis total compensation from Funds and Fund Complex is $271,500. |
| 2017-05-12 | Kathleen A.Dennis† (63)c/o Perkins Coie LLPCounsel to theIndependent Directors30 Rockefeller PlazaNew York, NY 10012 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Liquidity Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); During each Fund's fiscal year ended December 31, 2016...the Sub-Committee Chairpersons each receive an additional annual retainer fee of $40,000. Aggregate compensation paid to Kathleen A. Dennis for the calendar year ended December 31, 2016 was $285,000. |
| 2018-05-09 | Kathleen A.Dennis† (64)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10112 Director of each of the Funds (except IIF and LDF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Compensation: $300,000. |
| 2019-05-09 | Kathleen A. Dennis (65)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10112 Director of each of the Funds (except IIF) President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Director of various non-profit organizations. Total Compensation from Funds and Fund Complex Paid to Directors: $310,000. |
| 2020-05-08 | Kathleen A. Dennis†c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1953 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Compensation: $320,000 annual retainer fee. |
| 2021-05-07 | Kathleen A. Dennisc/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1953 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (2006-2020); Chairperson of the Governance Committee (since January 2021) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Compensation: $335,000 annual retainer fee. |
| 2022-05-06 | Kathleen A. Dennis c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036 Birth Year: 1953 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Governance Committee (since January 2021), Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (2006-2020) and Director or Trustee of various Morgan Stanley Funds (since August 2006); President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Compensation: $345,000 |
| 2023-05-05 | Kathleen A. Dennis... Director of each of the Funds (except IIF)... Chairperson of the Governance Committee (since January 2021)... Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (2006-2020)... The Governance Committee members include Kathleen A. Dennis... The Equity Investment Committee includes Kathleen A. Dennis... The Compliance and Insurance Committee includes Kathleen A. Dennis... $345,000 total compensation from Funds and Fund Complex. |
| 2024-05-06 | Kathleen A. Dennisc/o Morgan, Lewis and Bockius LLPCounsel to the Independent DirectorsOne State Street Hartford, CT 06103Birth Year: 1953 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Governance Committee (since January 2021), Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (2006-2020) and Director or Trustee of various Morgan Stanley Funds (since August 2006); President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006); Senior Vice President, Chase Bank (1984-1993). 86 Board Member, University of Albany Foundation (2012-present); Board Member, Mutual Funds Directors Forum (2014-present); Director of various non-profit organizations. Each Director (except for the Chair of the Boards) receives an annual retainer fee of $335,000 for serving as a Director of the Morgan Stanley Funds. Kathleen A. Dennis compensation: $385,000. |
| Filing Date | Source Excerpt |
|---|---|
| 2006-05-18 | Kathleen A. Dennis† (52) c/o Kramer Levin Naftalis & Frankel LLPCounsel to the Independent Directors1177 Avenue of the AmericasNew York, NY 10036 Nominee for Director of each of the Funds (except IIF) N/A President, Cedarwood Associates (mutual fund consulting) (since 2006); Senior Managing Director of Victory Capital Management (1993 to 2006). Total Compensation from Funds and Fund Complex Paid to Directors: $0. |
| 2007-05-11 | Kathleen A. Dennis† (53) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class I Director of each of the Funds (except IIF) Since 2006 President, Cedarwood Associates (mutual fund consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly Senior Managing Director of Victory Capital Management (1993 – 2006). |
| 2008-05-13 | Kathleen A. Dennis† (54) c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class I Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) |
| 2009-05-07 | Kathleen A. Dennis (55)c/o Kramer Levin Naftalis & Frankel LLPCounsel to the Independent Directors1177 Avenue of the AmericasNew York, NY 10036 Class I Director of each of the Funds (except IIF) President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Compensation: $200,000 annual retainer fee plus additional fees for committee chairmanships. |
| 2010-05-19 | Kathleen A. Dennis (56)c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Class I Director of each of the Funds (except IIF and ICB); Class II Director of ICB Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); 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 | Kathleen A. Dennis† (57)c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Directors 1177 Avenue of the Americas New York, NY 10036 Director of each of the Funds (except IIF) President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Retail Funds and Institutional Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Director of various non-profit organizations. 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. Kathleen A. Dennis total compensation from Funds and Fund Complex paid to Directors: $215,000. |
| 2012-06-19 | Kathleen A.Dennis† (58)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of theAmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). 102 Director of various non-profit organizations. |
| 2013-05-10 | Kathleen A.Dennis (59)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of theAmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). 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, 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. |
| 2014-05-05 | Kathleen A.Dennis† (60)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of theAmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Director of various non-profit organizations. |
| 2015-05-08 | Kathleen A.Dennis† (61)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of theAmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). 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, 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 Chairperson of the Investment Committee of each Fund is Manuel H. Johnson. 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 | Kathleen A. Dennis (62)c/o Kramer LevinNaftalis & Frankel LLPCounsel to theIndependent Directors1177 Avenue of theAmericasNew York, NY 10036 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Money Market and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). 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 | Kathleen A.Dennis† (63)c/o Perkins Coie LLPCounsel to theIndependent Directors30 Rockefeller PlazaNew York, NY 10012 Director of each of the Funds (except IIF) Chairperson of the Liquidity Sub-Committee of the Investment 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 Sub-Committee Chairpersons each receive an additional annual retainer fee of $40,000...Ms. Dennis total compensation $285,000. |
| 2018-05-09 | Kathleen A.Dennis† (64)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10112 Director of each of the Funds (except IIF and LDF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); Compensation: $300,000 |
| 2019-05-09 | Kathleen A. Dennis (65)c/o Perkins Coie LLPCounsel to the Independent Directors30 Rockefeller PlazaNew York, NY 10112 Director of each of the Funds (except IIF) President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Director of various non-profit organizations. Total Compensation from Funds and Fund Complex Paid to Directors: $310,000. |
| 2020-05-08 | Kathleen A. Dennis†c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1953 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (since October 2006) and Director or Trustee of various Morgan Stanley Funds (since August 2006); Compensation: $320,000 annual retainer fee. |
| 2021-05-07 | Kathleen A. Dennisc/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1953 Director of each of the Funds (except IIF) Since August 2006 President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (2006-2020); Chairperson of the Governance Committee (since January 2021) and Director or Trustee of various Morgan Stanley Funds (since August 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Compensation: $335,000 |
| 2022-05-06 | Kathleen A. Dennisc/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1953 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Governance Committee (since January 2021), Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (2006-2020) and Director or Trustee of various Morgan Stanley Funds (since August 2006); President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); formerly, Senior Managing Director of Victory Capital Management (1993-2006). Compensation: $345,000. |
| 2023-05-05 | Kathleen A. Dennis†c/o Perkins Coie LLPCounsel to the Independent Directors1155 Avenue of the Americas22nd FloorNew York, NY 10036Birth Year: 1953 Director of each of the Funds (except IIF) Since August 2006 Chairperson of the Governance Committee (since January 2021), Chairperson of the Liquidity and Alternatives Sub-Committee of the Investment Committee (2006-2020) and Director or Trustee of various Morgan Stanley Funds (since August 2006); President, Cedarwood Associates (mutual fund and investment management consulting) (since July 2006); The Audit Committee of each Fund also has a Governance Committee. The members of the Governance Committee of each Fund, other than IIF, are Kathleen A. Dennis, Manuel H. Johnson, Michael F. Klein, Patricia A. Maleski and W. Allen Reed. The Chairperson of the Governance Committee of each Fund, other than IIF, is Kathleen A. Dennis. 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. |
| 2024-05-06 | Kathleen A. Dennis... Director of each of the Funds (except IIF)... Chairperson of the Governance Committee... 86... Total Compensation from Funds and FundComplex Paid to Directors: $385,000. |
Data sourced from SEC filings. Last updated: 2026-02-03