Morgan Stanley Investment Funds - stockselection

55 Morgan Stanley Investment Funds 30 June 2009
Euro Bond Fund
INVESTMENT AIMS
To provide an attractive rate of return,
measured in Euro, through investment in
Euro-denominated fixed income securities of
high quality issued by governments, agencies
and corporations.
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 Euro.
Investments
Corporate Bonds
Nominal in
Euro unless
specified
Market
value
% of net
assets
United Kingdom
BA Covered Bond Issuer SerEMTN
4.25% /2017 (United States of America) (4) 13,000,000 11,439,713 1.85
Nationwide Building Society covered SerEMTN
4.125% /2012 8,550,000 8,599,136 1.39
Bank of Scotland covered 4.5% /2013 8,450,000 8,403,056 1.36
Nationwide Building Society covered SerEMTN
3.5% /2015 9,150,000 8,264,372 1.34
Bank of Scotland covered SerEMTN
4.625% /2017 8,500,000 8,012,325 1.30
Lloyds TSB Bank govt liquid gtd SerEMTN
3.75% /2011 5,000,000 5,183,755 0.84
Standard Chartered sr unsecur 4.875% /2011 3,600,000 3,675,602 0.60
Standard Chartered sr unsecur SerEMTN
5.75% /2014 3,500,000 3,628,053 0.59
Alliance & Leicester sr unsecur SerEMTN
3.5% /2011 2,700,000 2,699,460 0.44
Barclays Bank subord nts SerEMTN
5.75% /2011 2,625,000 2,686,665 0.44
Nationwide Building Society sr unsecur SerEMTN
3.125% /2010 2,500,000 2,471,458 0.40
Vodafone Group sr unsecur SerEMTN
1.61% /2014 (3) 2,575,000 2,410,527 0.39
Royal Bank of Scotland unsecur subord
SerEMTN 4.5% /2016 (3) 2,900,000 2,394,487 0.39
Northern Rock covered SerEMTN
3.875% /2011 2,430,000 2,376,555 0.39
National Grid sr unsecur SerEMTN
4.125% /2013 2,300,000 2,311,472 0.37
Lloyds TSB Bank sr unsecur SerEMTN
4.375% /2011 2,169,000 2,184,644 0.35
Tesco sr unsecur SerEMTN 5.875% /2016 2,000,000 2,166,538 0.35
HSBC Holdings subord 3.625% /2020 (3) 2,430,000 2,109,925 0.34
British Telecommunications sr unsecur
7.375% /2011 1,800,000 1,911,860 0.31
HSBC Holdings subord SerEMTN
6.25% /2018 1,500,000 1,580,639 0.26
Lloyds TSB Bank sr subord SerEMTN
5.625% /2018 (3) 1,600,000 1,448,854 0.23
HBOS sr subord SerEMTN 4.5% /2030 (3) 2,500,000 1,383,786 0.22
BAT International Finance unsecur sr
unsubord co gtd SerEMTN 5.125% /2013 1,300,000 1,364,353 0.22
National Grid Gas sr unsecur SerEMTN
5.125% /2013 1,250,000 1,299,685 0.21
HSBC Holdings subord SerEMTN 6% /2019 1,250,000 1,265,813 0.21
GlaxoSmithKline Capital co gtd SerEMTN
3.875% /2015 1,100,000 1,097,017 0.18
Scottish & Southern Energy sr unsecur
SerEMTN 6.125% /2013 900,000 963,630 0.16
Anglo American Capital co gtd SerEMTN
5.875% /2015 900,000 903,155 0.15
BAA Funding co gtd Ser144A priv plmt
4.6% /2020 (Jersey) (3) (4) 1,400,000 901,068 0.15
Royal Bank of Scotland Group jr subord
7.092% perpetual (3) 2,150,000 741,750 0.12
Diageo Finance co gtd SerEMTN
1.484% /2012 (3) 750,000 732,151 0.12
BAT International Finance co gtd SerEMTN
5.375% /2017 550,000 560,344 0.09
Credit Suisse unsecur subord
5.75% /2010 (Switzerland) (4) 950,000 482,424 0.08
Royal Bank of Scotland sr unsecur SerEMTN
5.75% /2014 250,000 256,450 0.04
Total for United Kingdom 15.88