Morgan Stanley Investment Funds - stockselection

Euro Corporate 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
Nominal in
Euro unless
specified
Market
value
% of net
assets
France (continued)
Veolia Environnement nts SerEMTN
5.25% /2014 1,500,000 1,568,029 0.16
Credit Agricole jr subord Ser144A priv
plmt 6.637% perpetual (3) (USD) 3,455,000 1,503,455 0.15
Societe Generale subord nts SerEMTN
6.125% /2018 1,300,000 1,360,735 0.14
Lafarge sr unsecur SerEMTN
6.125% /2015 1,400,000 1,354,374 0.14
BNP Paribas subord 8.667% perpetual (3) 1,500,000 1,336,497 0.13
Credit Agricole subord nts
4.13% perpetual (3) 2,000,000 1,307,141 0.13
Lafarge sr unsecur SerEMTN
1.603% /2010 (3) 1,150,000 1,094,475 0.11
Unibail-Rodamco CV 3.5% /2015 712,900 1,087,885 0.11
Groupe Auchan sr unsecur SerEMTN
4.75% /2015 1,000,000 1,032,636 0.10
Banque PSA Finance sr unsecur
SerEMTN 6.375% /2010 900,000 924,244 0.09
Suez Environnement sr unsecur
SerMAY 4.875% /2014 750,000 776,723 0.08
Crown European Holdings sr secured
6.25% /2011 440,000 433,400 0.04
Europcar Groupe sr secured SerRegS
4.781% /2013 (3) 350,000 204,750 0.02
Total for France 16.47
United States of America
Pfizer sr unsecur 4.75% /2016 8,250,000 8,491,064 0.86
Citigroup sr unsecur SerEMTN
7.375% /2014 7,000,000 7,014,517 0.71
Verizon Wireless Capital sr unsecur
8.75% /2015 5,200,000 6,250,600 0.63
Citigroup sr unsecur SerEMTN 6.4% /2013 6,000,000 5,937,732 0.60
Xerox sr nts 8.25% /2014 (USD) 7,920,000 5,847,389 0.59
Goldman Sachs Group sr unsecur
SerEMTN 5.375% /2013 5,500,000 5,603,040 0.57
ELM (Elsevier Finance) secured co gtd
6.5% /2013 (Netherlands) (4) 4,600,000 4,868,364 0.49
Roche Holdings co gtd SerEMTN
5.625% /2016 4,200,000 4,557,445 0.46
Toyota Motor Credit nts SerEMTN
5.25% /2012 4,250,000 4,461,688 0.45
Schering-Plough sr unsecur
5.375% /2014 4,200,000 4,435,645 0.45
Whirlpool nts 8.6% /2014 (USD) 5,935,000 4,356,777 0.44
JPMorgan Chase & Co sr unsecur
SerEMTN 6.125% /2014 4,000,000 4,258,884 0.43
CBS co gtd 8.875% /2019 (USD) 5,920,000 4,113,612 0.42
CRH America co gtd 6% /2016 (USD) 6,500,000 4,112,966 0.42
Goldman Sachs Group sr unsecur
SerEMTN 6.375% /2018 4,000,000 4,075,484 0.41
Kraft Foods sr unsecur 6.25% /2015 3,600,000 3,878,330 0.39
Merck & Co sr unsecur 5% /2019 (USD) 5,331,000 3,819,629 0.39
Zurich Finance USA co gtd SerEMTN
6.5% /2015 3,500,000 3,745,774 0.38
Bank of America sr nts SerEMTN
7% /2016 3,500,000 3,617,320 0.37
Bank of America sr unsecur SerEMTN
5.125% /2014 3,700,000 3,582,336 0.36
BMW US Capital co gtd SerEMTN
5% /2015 3,450,000 3,412,388 0.34
JPMorgan Chase & Co sr unsecur
SerEMTN 5.25% /2015 3,200,000 3,309,066 0.33
General Electric Capital FDIC gtd
SerEMTN 4% /2012 3,000,000 3,118,514 0.31
Investments
Morgan Stanley Investment Funds 30 June 2009 60
Nominal in
Euro unless
specified
Market
value
% of net
assets
United States of America (continued)
AT&T sr unsecur 4.375% /2013 3,000,000 3,085,821 0.31
Philip Morris International sr unsecur
SerEMTN 5.75% /2016 2,850,000 3,018,037 0.30
Philip Morris International sr unsecur
SerGMTN 5.875% /2015 2,800,000 2,995,754 0.30
Daimler Finance North America co gtd
SerEMTN 5% /2012 2,650,000 2,705,207 0.27
Anheuser-Busch InBev Worldwide co gtd
Ser144A priv plmt 5.375% /2014 (USD) 3,670,000 2,595,573 0.26
JPMorgan Chase Bank jr subord
4.375% /2021 (3) 3,000,000 2,565,431 0.26
ITW Finance Europe co gtd
5.25% /2014 (Luxembourg) (4) 2,560,000 2,448,333 0.25
New York Life Global Funding nts
SerGMTN 3.75% 19/10/2009 2,300,000 2,278,152 0.23
Citigroup subord SerEMTN 3.625% /2017 (3) 3,275,000 2,216,769 0.22
AT&T sr unsecur SerGLOB 6.125% /2015 2,000,000 2,176,772 0.22
Merrill Lynch & Co sr unsubord SerEMTN
4.875% /2014 2,200,000 2,040,303 0.21
SLM sr unsecur SerEMTN 3.125% /2012 2,850,000 2,024,844 0.20
Merrill Lynch & Co sr unsecur SerEMTN
6.75% /2013 2,000,000 2,020,167 0.20
General Electric Capital subord SerRegS
5.5% /2067 (3) 3,370,000 1,912,472 0.19
Wachovia sr unsecur SerEMTN
1.449% /2014 (3) 2,200,000 1,904,276 0.19
Countrywide Financial co gtd SerEMTN
1.659% /2010 (3) 1,900,000 1,818,110 0.18
Bank of America subord SerEMTN
4.75% /2017 (3) 2,500,000 1,787,160 0.18
Citicorp subord SerEMTN 5.5% /2010 3,500,000 1,747,196 0.18
WM Covered Bond Program SerEMTN
4% /2016 2,000,000 1,711,137 0.17
Pfizer 5.75% /2021 1,500,000 1,607,010 0.16
Swiss Re Treasury US co gtd SerEMTN
6% /2012 1,500,000 1,568,864 0.16
CIT Group sr unsecur SerGMTN
4.25% /2011 1,700,000 1,190,000 0.12
Roche Holdings co gtd SerEMTN
6.5% /2021 1,000,000 1,144,810 0.12
Merrill Lynch & Co sr unsecur SerEMTN
6% /2013 1,150,000 1,143,967 0.12
Goldman Sachs Group sr unsecur
SerRegS 1.609% /2016 (3) 900,000 752,849 0.08
Cadbury Schweppes US Finance co gtd
Ser144A priv plmt 5.125% /2013 (USD) 1,000,000 708,844 0.07
Pemex Project Funding Master Trust co gtd
SerRegS 6.375% /2016 550,000 552,049 0.06
Daimler Finance North America co gtd
7.3% /2012 (USD) 600,000 442,679 0.04
Total for United States of America 16.05
United Kingdom
Lloyds TSB Bank nts SerEMTN
6.375% /2016 10,000,000 10,228,849 1.02
HSBC Holdings sr unsecur SerEMTN
4.5% /2014 8,700,000 8,844,793 0.89
GlaxoSmithKline Capital co gtd SerEMTN
3.875% /2015 8,500,000 8,476,950 0.86
Vodafone Group nts SerEMTN 6.25% /2013 7,000,000 7,599,801 0.77
Royal Bank of Scotland unsecur subord
SerEMTN 4.5% /2016 (3) 8,000,000 6,605,480 0.67
Standard Chartered sr unsecur SerEMTN
5.75% /2014 6,000,000 6,219,519 0.63
Royal Bank of Scotland sr unsecur
SerEMTN 5.75% /2014 5,750,000 5,898,353 0.60
HSBC Holdings subord SerEMTN 6% /2019 5,600,000 5,670,840 0.57
BAT International Finance co gtd SerEMTN
5.375% /2017 5,000,000 5,094,035 0.51
Anglo American Capital co gtd
Ser144A priv plmt 9.375% /2014 (USD) 5,700,000 4,398,045 0.44
Imperial Tobacco Finance co gtd
SerEMTN 8.375% /2016 3,600,000 3,918,434 0.40
Aviva subord 5.25% /2023 (3) 5,000,000 3,607,255 0.36