Morgan Stanley Investment Funds - stockselection

US Value 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
% of net
assets
Paper & Forest Products
International Paper 600,172 9,248,651 3.31
Total for Paper & Forest Products 3.31
Internet Software & Services
eBay 456,400 7,895,720 2.83
Yahoo! 73,800 1,161,612 0.42
Total for Internet Software & Services 3.25
Health Care Providers & Services
Cardinal Health 165,800 5,101,666 1.83
WellPoint 38,000 1,949,020 0.70
UnitedHealth Group 66,400 1,681,912 0.60
Total for Health Care Providers & Services 3.13
Capital Markets
Bank of New York Mellon 219,358 6,484,222 2.32
Goldman Sachs Group 14,100 2,096,247 0.75
Total for Capital Markets 3.07
Oil, Gas & Consumable Fuels
Total ADR 42,300 2,327,346 0.84
ConocoPhillips 40,900 1,730,479 0.62
BP ADR 35,600 1,711,292 0.61
Chevron 20,100 1,349,715 0.48
Total for Oil, Gas & Consumable Fuels 2.55
Tobacco
Philip Morris International 92,300 3,984,591 1.43
Altria Group 157,700 2,605,204 0.93
Total for Tobacco 2.36
Commercial Banks
PNC Financial Services Group 67,800 2,694,372 0.96
Wells Fargo & Co 87,600 2,175,108 0.78
U.S. Bancorp 91,200 1,640,688 0.59
Total for Commercial Banks 2.33
Beverages
Coca-Cola 91,900 4,423,147 1.58
Dr Pepper Snapple Group 91,580 1,945,159 0.70
Total for Beverages 2.28
Specialty Retail
Lowe's Companies 168,900 3,301,995 1.19
Home Depot 126,300 3,023,622 1.08
Total for Specialty Retail 2.27
Semiconductors & Semiconductor Equipment
Intel 212,200 3,524,642 1.26
KLA - Tencor 87,500 2,192,750 0.79
Total for Semiconductors & Semiconductor Equipment 2.05
Morgan Stanley Investment Funds 30 June 2009 46
Investments Holdings
Market
value
% of net
assets
Multiline Retail
J.C. Penney 87,600 2,554,416 0.92
Macy’s 165,094 1,982,779 0.71
Target 23,800 949,144 0.34
Total for Multiline Retail 1.97
Metals & Mining
Alcoa 350,300 3,699,168 1.33
Total for Metals & Mining 1.33
Energy Equipment & Services
Halliburton 174,800 3,686,532 1.32
Total for Energy Equipment & Services 1.32
Communications Equipment
Cisco Systems 187,600 3,551,268 1.27
Total for Communications Equipment 1.27
Health Care Equipment & Supplies
Boston Scientific 312,500 3,300,000 1.18
Total for Health Care Equipment & Supplies 1.18
Industrial Conglomerates
General Electric 250,900 2,978,183 1.07
Total for Industrial Conglomerates 1.07
Chemicals
Du Pont (E.I.) de Nemours 109,493 2,854,483 1.02
Total for Chemicals 1.02
IT Services
Accenture ‘A’ 40,800 1,361,088 0.48
Western Union 41,500 691,805 0.25
Computer Sciences 11,100 492,840 0.18
Total for IT Services 0.91
Software
Microsoft 94,200 2,281,524 0.82
Total for Software 0.82
Household Products
Kimberly-Clark 23,100 1,214,598 0.43
Procter & Gamble 16,100 835,590 0.30
Total for Household Products 0.73
Internet & Catalog Retail
Liberty Media - Interactive ‘A’ 288,675 1,434,715 0.51
Total for Internet & Catalog Retail 0.51
Electrical Equipment
Emerson Electric 43,000 1,429,750 0.51
Total for Electrical Equipment 0.51
Total Investment Securities 272,289,496 97.54