BOSTON MANAGEMENT AND RESEARCH

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Adviser Profile
As of Date 03/27/2024
Adviser Type - Large advisory firm
- An investment adviser (or subadviser) to an investment company
Number of Employees 225 -11.07%
of those in investment advisory functions 160 -6.43%
Registration SEC, Approved, 1/21/1993
AUM* 111,002,081,270 4.58%
of that, discretionary 111,002,081,270 4.58%
Private Fund GAV* 87,896,734,141 14.26%
Avg Account Size 1,585,744,018 10.56%
% High Net Worth 2.22% 100.00%
SMA’s No
Private Funds 20 2
Contact Info 617 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
131B 112B 94B 75B 56B 37B 19B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count20 GAV$87,896,734,141

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Brochure Summary

Overview

Boston Management and Research (“BMR”) and its investment advisory affiliates represent the investment management division of Morgan Stanley, a publicly held company (“Morgan Stanley”). We are a wholly owned subsidiary of Morgan Stanley, a corporation whose shares are publicly held and traded on the New York Stock Exchange under the symbol “MS”. Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions, and individuals. BMR and its predecessor organizations have been providing investment advice since 1924. BMR offers advisory services in a variety of equity, income, mixed-asset and alternative strategies. BMR’s evaluation of investment alternatives generally places primary emphasis and reliance upon fundamental analysis of issuers of equity and debt securities; political, economic, and industry developments; money and capital market conditions, with attention to interest rate patterns; and any other factors that, in BMR’s judgment, could have an impact on the value of an investment. BMR is investment adviser (or sub-adviser) to private and public pooled investment vehicles
(“Registered Funds”) registered pursuant to the Investment Company Act of 1940, as amended (“Investment Company Act”). The Registered Funds also include exchange traded managed funds advised by affiliates. In addition, BMR operates private funds exempt from registration under the Investment Company Act pursuant to Section 3(c)(7) (“Private Funds” and together with the Registered Funds, the “Funds”) Each Fund is managed in accordance with its respective investment objectives, strategies and restrictions as approved by the respective Fund Board of Trustees or other governing body, as applicable. See Item 10 - Other Financial Industry Activities and Affiliations below for additional details regarding affiliates of BMR. References in this Brochure to ‘clients’ includes, as applicable, the Funds and investors in the Funds. BMR does not advise separate account clients. Further Information For additional information regarding the specific investment strategies we employ please refer to Item 8, “Methods of Analysis, Investment Strategies and Risk of Loss” in this Brochure. Assets Under Management As of December 31, 2023, we had approximately $111,002,081,270 in assets under management, all on a discretionary basis. FORM ADV, PART 2A BOSTON MANAGEMENT AND RESEARCH5