Summary Prospectus and
Prospectus Supplement
May 1, 2024
Morgan Stanley Institutional Fund Trust
Supplement dated May 1, 2024 to the Morgan Stanley Institutional Fund Trust Summary Prospectuses and Prospectuses dated
(the "Funds")
Effective immediately, in accordance with regulatory changes requiring each Fund's primary benchmark to represent the overall applicable market, the following Funds' primary prospectus benchmark changed as follows:
1. Corporate Bond Portfolio's primary benchmark is now the Bloomberg U.S. Universal Index.
2. High Yield Portfolio's primary benchmark is now the Bloomberg U.S. Universal Index.
3. Short Duration Income Portfolio's primary benchmark is now the Bloomberg U.S. Universal Index.
References to other benchmark indexes in each Fund's prospectus remain in effect except that references to any Lipper Index are deleted effective immediately. These additional index(es) provide a means to compare a Fund's average annual returns to a benchmark that the Adviser believes is representative of the Fund's investment universe.
Please retain this supplement for future reference.
IFTFISUMPROPSPT 5/24