Morgan Stanley Investment Funds - stockselection

More documents

Recommendations

Info

57 Morgan Stanley Investment Funds 30 June 2009 Euro Bond 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 Euro. Investments Corporate Bonds (continued) Nominal in Euro unless specified Market value % of net assets Ireland AIB Mortgage Bank govt liquid gtd SerEMTN 3.75% /2010 5,500,000 5,508,882 0.89 Depfa ACS Bank covered SerEMTN 3.875% /2016 6,500,000 5,269,092 0.85 Bank of Ireland Mortgage Bank covered govt gtd SerEMTN 4% /2013 5,500,000 5,100,409 0.83 GE Capital European Funding co gtd SerEMTN 4.125% /2016 3,850,000 3,617,529 0.59 GE Capital European Funding co gtd SerEMTN 5.25% /2015 3,150,000 3,175,529 0.51 Caterpillar International Finance co gtd SerEMTN 5.25% /2011 2,300,000 2,387,262 0.39 Total for Ireland 4.06 Germany KfW - Kreditanstalt fuer Wiederaufbau govt gtd 3.875% /2019 12,000,000 11,878,157 1.92 Hypothekenbank in Essen Jumbo Pfandbrief SerRegS 3.875% /2013 6,000,000 6,169,800 1.00 Commerzbank sr unsecur SerEMTN 4.75% /2015 1,450,000 1,458,077 0.24 Muenchener Rueckversicherungs subord 5.767% perpetual (3) 750,000 567,386 0.09 Total for Germany 3.25 Spain Banco Bilbao Vizcaya Argentaria covered 3.75% /2013 7,500,000 7,532,384 1.22 La Caja de Ahorros y Pensiones de Barcelona govt liquid gtd 3.375% /2012 2,500,000 2,545,395 0.41 Santander Issuances bnk gtd SerEMTN 5.435% /2017 (3) 2,450,000 2,361,823 0.38 Telefonica Emisiones co gtd SerEMTN 5.496% /2016 1,500,000 1,576,676 0.26 Santander International Debt bnk gtd SerEMTN 5.625% /2012 1,150,000 1,215,027 0.20 Total for Spain 2.47 Australia Australia & New Zealand Banking Group sr unsecur SerEMTN 5.25% /2013 3,100,000 3,259,810 0.52 Commonwealth Bank of Australia sr unsecur SerEMTN 3.625% /2011 2,120,000 2,158,696 0.35 Westpac Banking sr unsubord SerEMTN 4.25% /2012 1,850,000 1,891,759 0.31 BHP Billiton Finance co gtd SerEMTN 6.375% /2016 500,000 548,727 0.09 Total for Australia 1.27 Sweden Svenska Handelsbanken sr unsecur SerEMTN 4.875% /2014 3,000,000 3,097,277 0.50 Vattenfall sr unsecur SerEMTN 5.25% /2016 1,500,000 1,587,338 0.26 Svensk Exportkredit sr nts SerEMTN 3.625% /2014 1,300,000 1,294,787 0.21 Skandinaviska Enskilda Banken subord SerEMTN 4.125% /2015 (3) 1,200,000 1,132,487 0.18 Total for Sweden 1.15 Investments Corporate Bonds (continued) Nominal in Euro unless specified Market value % of net assets Italy Intesa Sanpaolo sr unsecur SerGMTN 4.75% /2017 1,500,000 1,527,932 0.25 UniCredit sr unsecur SerEMTN 1.533% /2010 (3) 1,400,000 1,388,904 0.23 Banca Monte dei Paschi di Siena sr unsecur SerEMTN 5% /2012 1,000,000 1,040,869 0.17 UniCredit subord SerEMTN 5.75% /2017 880,000 873,893 0.14 Banca Monte dei Paschi di Siena sr unsecur SerEMTN 4.75% /2014 500,000 509,621 0.08 Total for Italy 0.87 Switzerland UBS sr nts SerEMTN 6% /2018 2,800,000 2,894,223 0.47 Credit Suisse sr unsecur SerEMTN 5.125% /2017 1,750,000 1,795,655 0.29 UBS bnk gtd SerEMTN 7.152% perpetual (3) 350,000 215,833 0.03 Total for Switzerland 0.79 Denmark Danske Bank govt liquid gtd SerEMTN 4.75% /2012 1,600,000 1,654,226 0.27 Danske Bank sr unsecur SerEMTN 5.875% /2011 1,200,000 1,262,869 0.20 Danske Bank subord SerEMTN 5.375% /2014 (3) 450,000 411,995 0.07 Danske Bank sr unsecur SerEMTN 4.75% /2014 250,000 250,253 0.04 Total for Denmark 0.58 Canada Royal Bank of Canada sr unsecur SerEMTN 5.75% /2011 3,050,000 3,251,947 0.53 Total for Canada 0.53 Norway DnB NOR Bank sr unsecur SerEMTN 5.875% /2013 2,150,000 2,285,723 0.37 DnB NOR Bank sr unsecur SerEMTN 4.5% /2014 250,000 251,383 0.04 Total for Norway 0.41 Jersey ASIF III Jersey sr secured SerEMTN 4.75% /2013 3,000,000 2,192,454 0.36 Total for Jersey 0.36 Luxembourg Gaz Capital secured SerEMTN LPN 6.605% /2018 2,200,000 1,801,250 0.29 Total for Luxembourg 0.29 Cayman Islands Norinchukin Finance bnk gtd SerEMTN 4.25% /2016 (3) 1,450,000 1,349,390 0.22 Total for Cayman Islands 0.22 Singapore Singapore Telecommunications sr unsecur Ser144A priv plmt 6% /2011 700,000 751,424 0.12 Total for Singapore 0.12 Total for Corporate Bonds 57.13
Euro Bond 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 Euro. Investments Government Bonds Nominal in Euro unless specified Italy Italy Buoni Poliennali Del Tesoro 3.5% /2011 29,000,000 29,937,584 4.85 Italy Buoni Poliennali Del Tesoro 4.25% /2013 11,000,000 11,528,120 1.87 Italy Buoni Poliennali Del Tesoro 4% /2017 10,500,000 10,666,373 1.73 Italy Buoni Poliennali Del Tesoro 4.25% /2014 10,000,000 10,455,630 1.69 Italy Buoni Poliennali Del Tesoro 6% /2031 2,500,000 2,722,524 0.44 Total for Italy 10.58 France Government of France OAT 5.5% /2029 19,000,000 21,754,914 3.52 French Treasury Note BTAN nts 3.5% /2011 20,000,000 20,790,109 3.37 Government of France OAT 4% /2013 18,000,000 19,046,556 3.09 Total for France 9.98 Germany Bundesrepublik 6.5% /2027 18,300,001 23,344,239 3.78 Bundesrepublik 3.25% /2015 12,000,000 12,257,579 1.99 Bundesrepublik 4.75% /2034 11,000,000 11,675,593 1.89 Total for Germany 7.66 Netherlands Government of Netherlands 4% /2037 21,000,000 19,854,607 3.22 Government of Netherlands 3.25% /2015 5,000,000 5,035,760 0.82 Total for Netherlands 4.04 Greece Hellenic Republic 4.6% /2013 11,900,000 12,480,101 2.02 Total for Greece 2.02 Total for Government Bonds 34.28 Mortgage and Asset Backed Securities Market value % of net assets United Kingdom Leek Finance 18 X A2C 1.365% /2038 (3) 2,546,145 1,924,315 0.31 Gracechurch Mortgage Financing 2006-1 A5 1.344% /2056 (3) 2,000,000 1,898,012 0.31 Holmes Master Issuer 2006-1X 3A2 1.535% /2040 (3) 1,500,000 1,453,086 0.24 Holmes Master Issuer 2007-2X 3A2 1.525% /2021 (3) 1,500,000 1,425,404 0.23 Granite Master Issuer 2006-4 A7 1.058% /2054 (3) 1,915,736 1,357,734 0.22 Leek Finance 17 X A2C 1.375% /2037 (3) 1,667,952 1,332,936 0.22 Granite Master Issuer 2006-2 A5 1.048% /2054 (3) 766,294 543,078 0.08 Total for United Kingdom 1.61 Australia Resimac MBS Trust 2004-1E 1A 1.625% /2035 (1) (3) 1,443,922 1,442,502 0.23 Resimac MBS Trust 2005-1E 1A 1.545% /2037 (3) 1,255,253 1,177,985 0.19 Medallion Trust 2004-1G A3 1.399% /2035 (3) 850,545 758,346 0.13 Total for Australia 0.55 Investments Morgan Stanley Investment Funds 30 June 2009 58 Mortgage and Asset Backed Securities (continued) Netherlands Storm 2006-1 A2 1.515% /2048 (3) 1,972,215 1,801,985 0.29 Total for Netherlands 0.29 Total for Mortgage and Asset Backed Securities 2.45 Total Investment Securities 579,211,599 93.86 DERIVATIVES OTC and exchange traded derivatives as at 30 June 2009, expressed in Euro. Futures Contracts Description Euro BOBL Future 09/2009 (20) 2,305,800 (19,595) 0.00 Euro Bund Future 09/2009 (35) 4,230,100 (101,200) (0.02) Euro SCHATZ Future 09/2009 450 48,534,750 4,396 0.00 Total Futures Contracts 55,070,650 1 (116,399) (0.02) 1 Cash of EUR 5,912,204 held as collateral. Credit Default Swap Contracts Risk position Maturity date Description Currency Nominal in Euro unless specified Number of Notional contracts commitments Notional amount Buy Accor 7.5% 04/02/14 (spread 1.95%) EUR 3,300,000 20/03/2014 (84,495) (0.01) Buy Accor 7.5% 04/02/14 (spread 2.05%) EUR 2,700,000 20/03/2014 (80,837) (0.01) Buy Goldman Sachs Group 6.6% 15/01/12 EUR 2,000,000 20/06/2013 52,785 0.01 Buy Koninklijke DSM 4.0% 10/11/15 EUR 3,200,000 20/12/2013 (64,876) (0.01) Buy Merrill Lynch & Co 5% 15/01/15 EUR 1,850,000 20/06/2013 78,047 0.01 Sell Itraxx Europe Senior Financials Series 9 EUR 13,700,000 20/06/2013 279,572 0.05 Total Credit Default Swap Contracts 180,196 0.04 Cash of EUR 380,000 paid as collateral to different parties. Maturity date Market value Net unrealised gain/(loss) as at 30 June 2009 Net unrealised gain/(loss) as at 30 June 2009 % of net assets % of net assets % of net assets Total Derivatives 63,797 0.02 Other Assets less Liabilities 37,853,566 6.12 Total Net Asset Value 617,128,962 100.00 (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.
Page 1:
INVESTMENT MANAGEMENT Morgan Stanle
Page 4 and 5:
1 Morgan Stanley Investment Funds 3
Page 6 and 7:
Page 8 and 9:
Page 10 and 11: 7 Morgan Stanley Investment Funds 3
Page 12 and 13: 9 Morgan Stanley Investment Funds 3
Page 14 and 15: 11 Morgan Stanley Investment Funds
Page 110 and 111:
107 Morgan Stanley Investment Funds
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?