Fund Description: Morgan Stanley Emerging Markets Debt Fund, Inc. is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund's primary investment objective is to seek high current income. The Fund's secondary objective is to seek capital appreciation. FUND STRATEGY: The Fund seeks to achieve its objective through investments primarily in government and government related issuers located in emerging countries and of entities organized to restructure outstanding debt of such issuers. Under normal circumstances, at least 65% of the Fund's total assets will be invested in debt securities of government and government-related issuers located in emerging markets, and in securities of entities organized to restructure outstanding debt of such issuers. In addition, up to 35% of the Fund's total assets may be invested in corporate bonds of such markets. The Fund may leverage up to one-third of its assets. The Fund's benchmark is the J.P. Morgan Emerging Markets Bond Global Index which tracks the total returns for U.S. dollar-denominated debt instruments issued by emerging markets sovereign and quasi-sovereign entities: Brady bonds, loans, Eurobonds, and local market instruments. The J.P. Morgan Emerging Markets Bond Global Index includes coverage of 27 emerging market countries. FUND MANAGEMENT: The Fund's investment advisor is Morgan Stanley Investment Advisors Inc. Morgan Stanley Investment Management is the asset management division of Morgan Stanley (NYSE: MS). Assets are managed by teams representing different MSIM legal entities with offices in New York, Philadelphia, Houston, Chicago, London, Tokyo, Amsterdam, Singapore and Mumbai.