Morgan Stanley Investment Funds - stockselection

More documents

Recommendations

Info

35 Morgan Stanley Investment Funds 30 June 2009 Latin American Equity Fund INVESTMENT AIMS To seek to maximise total return, measured in US Dollars, through investment primarily in the common shares of companies incorporated in Latin American countries. Please refer to the full prospectus for the Fund’s investment objective and policy. STATEMENT OF INVESTMENTS Transferable securities and money market instruments admitted to official exchange listing or dealt in on another regulated market. As at 30 June 2009, expressed in US dollars. Investments Holdings Market value % of net assets Brazil Petroleo Brasileiro ADR Pfd 2,093,102 71,500,365 9.13 Itau Unibanco Holding ADR Pfd 3,447,913 56,063,065 7.16 Vale ADR Pfd ‘A’ 3,425,298 53,777,179 6.87 Companhia de Bebidas das Americas ADR Pfd 426,600 27,805,788 3.55 Bradespar Pfd 1,715,272 23,008,243 2.94 Usinas Siderurgicas de Minas Gerais 1,007,735 21,779,078 2.78 Itau Unibanco Holding Pfd 1,283,042 20,852,726 2.66 BM&FBOVESPA 3,317,100 20,314,683 2.60 Itausa - Investimentos Itau Pfd 4,004,348 17,966,120 2.30 OGX Petroleo e Gas Participacoes 33,700 17,559,292 2.24 Perdigao 920,338 17,537,447 2.24 NET Servicos de Comunicacao Pfd 1,792,531 17,437,609 2.23 Banco Bradesco ADR Pfd 1,098,500 16,554,395 2.12 Ultrapar Participacoes Pfd 387,950 12,409,222 1.59 Localiza Rent A CAR 2,007,757 12,265,045 1.57 PDG Realty - Empreendimentos e Participacoes 1,077,761 11,729,226 1.50 Gerdau ADR Pfd 1,042,200 11,214,072 1.43 Vivo Participaçoes ADR 550,970 10,429,862 1.33 Vale Pfd ‘A’ 546,988 8,586,701 1.10 MRV Engenharia e Participacoes 600,600 8,364,619 1.07 Global Village Telecom Holding 473,100 7,927,097 1.01 Companhia Brasileira de Meios de Pagamento 899,000 7,817,793 1.00 Banco Bradesco Pfd 516,950 7,780,787 0.99 Petroleo Brasileiro Pfd 395,400 6,746,969 0.86 Amil Participaçoes 1,368,317 6,658,955 0.85 Cyrela Brazil Realty 789,662 6,084,613 0.78 Usinas Siderurgicas de Minas Gerais Pfd ‘A’ 175,992 3,891,158 0.50 Lojas Renner 218,600 2,476,644 0.32 Vale ADR 89,905 1,614,694 0.21 Total for Brazil 64.93 Mexico America Movil ADR ‘L’ 1,623,929 63,755,453 8.15 Grupo Televisa ADR ‘CPO’ 1,734,000 29,998,200 3.83 Grupo Financiero Banorte ‘O’ 9,569,534 23,506,825 3.00 Wal-Mart de Mexico ‘V’ 7,487,656 22,202,393 2.83 Fomento Economico Mexicano ADR ‘SerB’ & ‘SerD’ 608,300 19,812,331 2.53 Corp GEO ‘B’ 5,350,901 10,376,903 1.33 Desarrolladora Homex ADR 216,261 6,150,463 0.79 Empresas ICA SAB 3,065,553 5,408,757 0.69 Megacable Holdings ‘CPO’ 3,321,200 4,647,437 0.59 America Movil ‘L’ 938,800 1,845,586 0.24 Total for Mexico 23.98 Peru Companhia de Minas Buenaventura ADR 422,600 10,425,542 1.33 Credicorp (Bermuda) (4) 114,500 6,757,790 0.87 Total for Peru 2.20 Panama Copa Holdings ‘A’ 311,703 12,701,897 1.62 Total for Panama 1.62 Guatemala Millicom International Cellular (Luxembourg) (4) 169,674 9,610,335 1.23 Total for Guatemala 1.23
Latin American Equity Fund STATEMENT OF INVESTMENTS (continued) Transferable securities and money market instruments admitted to official exchange listing or dealt in on another regulated market. As at 30 June 2009, expressed in US dollars. Investments Holdings Market value Chile Lan Airlines ADR 769,762 9,368,004 1.20 Total for Chile 1.20 Colombia Almacenes Exito GDR 144A 1,190,898 7,863,319 1.00 Total for Colombia 1.00 Argentina Telecom Argentina ADR ‘B’ 377,343 4,871,498 0.62 Total for Argentina 0.62 Total transferable securities and money market instruments admitted to official exchange listing or dealt in on another regulated market 757,456,180 96.78 Other transferable securities and money market instruments not admitted to official exchange listing or dealt in on another regulated market. As at 30 June 2009, expressed in US dollars. % of net assets Brazil Banco Nacional Pfd (1) 2,698,000 0 0.00 Lojas Arapua GDR 144A Pfd (1) 10,180 0 0.00 Lojas Arapua Pfd (1) 58,205,100 0 0.00 Lupatech Rts exp. 6/07/2009 (1) 2,436 0 0.00 Total for Brazil 0.00 Total other transferable securities and money market instruments not admitted to official exchange listing or dealt in on another regulated market 0 0.00 Total Investment Securities 757,456,180 96.78 Other Assets less Liabilities 25,166,709 3.22 Total Net Asset Value 782,622,889 100.00 (1) These securities are valued at their fair value. See note 2(a) within the Notes to the Financial Statements. (4) The country in brackets represents the country of incorporation of this security. Morgan Stanley Investment Funds 30 June 2009 36
Page 1: INVESTMENT MANAGEMENT Morgan Stanle
Page 4 and 5: 1 Morgan Stanley Investment Funds 3
Page 14 and 15: 11 Morgan Stanley Investment Funds
Page 88 and 89:
85 Morgan Stanley Investment Funds
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 196:
www.morganstanleyinvestmentfunds.co
show all

Morgan Stanley Investment Funds - stockselection

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?