Morgan Stanley Investment Funds - stockselection

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51 Morgan Stanley Investment Funds 30 June 2009 Emerging Markets Debt 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 Nominal in US dollars unless specified Market value % of net assets Indonesia Indonesia Government International Bond sr unsecur SerRegS 11.625% /2019 6,503,000 8,242,871 4.18 Republic of Indonesia sr unsecur SerRegS 7.75% /2038 4,807,000 4,494,545 2.28 Indonesia Government International Bond sr unsecur SerRegS 6.875% /2018 (1) 3,108,000 2,975,910 1.51 Tjiwi Kimia Finance secured SerRegS 3.05% /2015 (Netherlands) (3) (4) 378,851 113,655 0.06 Total for Indonesia 8.03 Peru Republic of Peru sr unsecur 8.75% /2033 7,312,000 8,884,080 4.51 Republic of Peru sr unsecur 7.125 /2019 2,870,000 3,082,380 1.56 Republic of Peru sr unsecur 7.35% /2025 440,000 474,100 0.24 Total for Peru 6.31 Venezuela Republic of Venezuela unsecur 10.75% /2013 4,960,000 4,067,200 2.07 Bolivarian Republic of Venezuela SerRegS 9.25% /2028 5,076,000 3,114,126 1.58 Bolivarian Republic of Venezuela SerRegS 9% /2023 4,519,000 2,756,590 1.40 Republic of Venezuela unsecur SerRegS 5.75% /2016 2,210,000 1,281,800 0.65 Republic of Venezuela unsecur SerRegS 7% /2038 1,412,000 684,820 0.35 Republic of Venezuela sr unsecur 9.25% /2027 470,000 317,250 0.16 Republic of Venezuela ‘Units’ 0% /2020 (3) 245 8,078 0.00 Total for Venezuela 6.21 Philippines Republic of Philippines unsecur 9% /2013 3,370,000 3,833,375 1.94 Republic of Philippines unsecur 8.875% /2015 2,624,000 3,024,160 1.53 Republic of Philippines unsecur 9.5% /2030 1,000,000 1,236,250 0.63 Republic of Philippines sr unsecur 8.375% /2019 1,017,000 1,173,364 0.60 Total for Philippines 4.70 Colombia Republic of Colombia sr nts 7.375% /2019 4,290,000 4,611,750 2.34 Republic of Colombia sr unsecur 11.75% /2020 1,890,000 2,570,400 1.30 Total for Colombia 3.64 Kazakhstan KazMunaiGaz Finance co gtd SerRegS 9.125% /2018 (Netherlands) (4) 5,380,000 4,949,600 2.51 Intergas Finance SerRegS 6.375% /2017 (Netherlands) (4) 560,000 429,795 0.22 Total for Kazakhstan 2.73 Argentina Republic of Argentina sr unsecur 1.683% /2012 (3) 8,863,000 2,164,788 1.10 Argentina Bonos sr unsecur SerSTRP 1.683% 03/08/2009 (1) (3) 5,973,000 755,585 0.38 Republic of Argentina sr unsecur 8.28% /2033 1,341,604 711,050 0.36 Total for Argentina 1.84 Investments Nominal in US dollars unless specified Market value % of net assets Ukraine Government of Ukraine sr unsubord SerRegS 6.58% /2016 2,516,000 1,687,229 0.86 Ukraine Government sr unsecur SerRegs 7.65% /2013 1,886,000 1,461,650 0.74 Government of Ukraine sr unsecur SerRegS 6.75% /2017 620,000 437,100 0.22 Total for Ukraine 1.82 Panama Republic of Panama sr unsecur 9.375% /2029 1,738,000 2,181,190 1.11 Republic of Panama unsecur 7.125% /2026 580,000 601,750 0.31 Republic of Panama sr unsecur 8.875% /2027 365,000 439,825 0.22 Total for Panama 1.64 South Korea Republic of Korea sr unsecur 5.75% /2014 1,670,000 1,717,034 0.87 Korea Development Bank/Republic of Korea sr nts 8% /2014 660,000 702,602 0.36 Total for South Korea 1.23 Trinidad & Tobago National Gas nts SerRegS 6.05% /2036 2,472,000 1,885,392 0.96 Total for Trinidad & Tobago 0.96 Chile Empresa Nacional del Petroleo nts SerRegS 6.75% /2012 1,530,000 1,642,247 0.83 Empresa Nacional del Petroleo nts Ser144A priv plmt 6.75% /2012 90,000 96,411 0.05 Total for Chile 0.88 Ghana Republic of Ghana unsecur SerRegS 8.5% /2017 1,744,000 1,426,343 0.72 Total for Ghana 0.72 Qatar State of Qatar sr unsecur SerRegS 9.75% /2030 1,000,000 1,310,000 0.66 Total for Qatar 0.66 Ecuador Republic of Ecuador nts SerRegS 9.375% /2015 1,681,000 1,190,736 0.60 Total for Ecuador 0.60 Pakistan Islamic Republic of Pakistan unsecur SerRegS 6.875% /2017 500,000 327,500 0.17 Islamic Republic of Pakistan unsecur SerRegS 7.125% /2016 420,000 282,241 0.14 Islamic Republic of Pakistan nts Ser144A priv plmt 7.125% /2016 190,000 128,250 0.07 Total for Pakistan 0.38 Bulgaria Republic of Bulgaria unsubord SerRegS 8.25% /2015 633,000 667,815 0.34 Total for Bulgaria 0.34
Emerging Markets Debt 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 Nominal in US dollars unless specified Market value % of net assets Côte d’Ivoire Ivory Coast Government secured Ser20YR defaulted 4% /2018 (3) 2,240,000 604,800 0.31 Total for Côte d’Ivoire 0.31 Uruguay Republic of Uruguay unsecur 8% /2022 453,000 468,855 0.24 Total for Uruguay 0.24 Nigeria Central Bank of Nigeria ‘Units’ SerWRNT 0% /2020 (3) 4,000 420,000 0.21 Total for Nigeria 0.21 Sri Lanka Republic of Srilanka sr unsecur SerRegS 8.25% /2012 300,000 278,230 0.14 Total for Sri Lanka 0.14 Belize Government of Belize unsubord SerRegS step cpn 4.25% /2029 420,000 186,900 0.09 Total for Belize 0.09 Georgia (Republic of) Republic of Georgia unsecur 7.5% /2013 210,000 179,928 0.09 Total for Georgia (Republic of) 0.09 Total transferable securities and money market instruments admitted to official exchange listing or dealt in on another regulated market 183,603,328 93.15 Morgan Stanley Investment Funds 30 June 2009 52 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. Investments Nominal in US dollars unless specified Market value % of net assets Indonesia Tjiwi Kimia Finance secured Ser144A priv plmt 3.094% /2018 (Netherlands) (3) (4) 1,191,444 268,075 0.14 Pindo Deli Finance co gtd Ser144A priv plmt 3.05% /2018 (Netherlands) (3) (4) 1,437,565 222,823 0.11 Pindo Deli Finance co gtd Ser144A priv plmt 0% /2025 (Netherlands) (3) (4) 4,512,234 112,806 0.06 Tjiwi Kimia Finance secured Ser144A priv plmt 3.094% /2015 (Netherlands) (3) (4) 328,601 98,580 0.05 Pindo Deli Finance co gtd Ser144A priv plmt 3.05% /2015 (Netherlands) (3) (4) 315,719 94,716 0.05 Tjiwi Kimia Finance secured Ser144A priv plmt 0% /2027 (Netherlands) (3) (4) 3,375,330 84,383 0.04 Total for Indonesia 0.45 Total other transferable securities and money market instruments not admitted to official exchange listing or dealt in on another regulated market 881,383 0.45 Total Investment Securities 184,484,711 93.60 DERIVATIVES OTC and exchange traded derivatives as at 30 June 2009, expressed in US dollars. Forward Foreign Currency Exchange Contracts Maturity date 03/07/2009 9,718,590 EUR 13,579,369 USD 100,045 0.05 Total Forward Foreign Currency Exchange Contracts 100,045 0.05 Futures Contracts Description Maturity date Amount bought US 10yr T-note Future 09/2009 (24) 2,782,500 20,883 0.01 Total Futures Contracts 2,782,500 1 20,883 0.01 1 Cash of USD 286,449 held as collateral. Number of contracts Amount sold Net unrealised gain as at 30 June 2009 Net unrealised Notional gain as at commitments 30 June 2009 % of net assets % of net assets Total Derivatives 120,928 0.06 Other Assets less Liabilities 12,487,250 6.34 Total Net Asset Value 197,092,889 100.00 (1) These securities are valued at their fair value. See note 2(a) within the Notes to the Financial Statements. (3) Variable coupon rates are those quoted as of 30 June 2009. (4) The country in brackets represents the country of incorporation of this security.
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