A folder in a user’s mailbox to which messaging records management (MRM) has been applied. There are two types of managed folders: €œmanaged default folders-€? (such as the Inbox) appear, by default, in a user’s Office Outlook mailbox; -€œmanaged custom folders-€? are created by Exchange administrators specifically for MRM. The retention and journaling of messages in managed folders are controlled by managed content settings that are applied to the folder.