Morgan Stanley Investment Funds - stockselection
Morgan Stanley Investment Funds - stockselection
Morgan Stanley Investment Funds - stockselection
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61 <strong>Morgan</strong> <strong>Stanley</strong> <strong>Investment</strong> <strong>Funds</strong> 30 June 2009<br />
Euro Corporate Bond Fund<br />
STATEMENT OF INVESTMENTS (continued)<br />
Transferable securities and money market instruments admitted<br />
to official exchange listing or dealt in on another regulated<br />
market. As at 30 June 2009, expressed in Euro.<br />
<strong>Investment</strong>s<br />
Nominal in<br />
Euro unless<br />
specified<br />
Market<br />
value<br />
% of net<br />
assets<br />
United Kingdom (continued)<br />
Barclays Bank sr unsecur SerEMTN<br />
5.25% /2014 3,400,000 3,501,471 0.35<br />
Imperial Tobacco Finance co gtd<br />
SerEMTN 5% /2012 3,400,000 3,425,908 0.35<br />
Imperial Tobacco Finance co gtd<br />
SerEMTN 4.375% /2013 3,250,000 3,145,989 0.32<br />
Alliance & Leicester sr unsecur<br />
SerEMTN 3.5% /2011 3,100,000 3,099,380 0.31<br />
Tesco sr unsecur SerEMTN 5.875% /2016 2,850,000 3,087,317 0.31<br />
Tesco sr unsecur SerEMTN 5.125% /2015 2,850,000 2,990,243 0.30<br />
Barclays Bank sr subord SerEMTN<br />
4.5% /2019 (3) 3,500,000 2,963,098 0.30<br />
Nationwide Building Society sr unsecur<br />
SerEMTN 3.125% /2010 2,900,000 2,866,891 0.29<br />
Vodafone Group sr unsecur SerEMTN<br />
1.61% /2014 (3) 3,000,000 2,808,381 0.28<br />
HSBC Holdings subord 3.625% /2020 (3) 3,220,000 2,795,868 0.28<br />
Northern Rock covered SerEMTN<br />
3.875% /2011 2,820,000 2,757,977 0.28<br />
BA Covered Bond Issuer SerEMTN<br />
4.25% /2017 (United States of America) (4) 3,000,000 2,639,934 0.27<br />
Barclays Bank sr unsecur sr bnk nts<br />
5.45% /2012 (USD) 3,500,000 2,600,434 0.26<br />
Ladbrokes Group Finance unsecur sr<br />
unsubord co gtd SerEMTN<br />
6.5% 17/07/2009 2,215,000 2,214,712 0.22<br />
National Grid Gas sr unsecur SerEMTN<br />
5.125% /2013 2,000,000 2,079,496 0.21<br />
WPP co gtd SerEMTN<br />
6.625% /2016 (Jersey) (4) 2,100,000 2,038,470 0.21<br />
JTI UK Finance co gtd SerEMTN<br />
4.5% /2014 2,000,000 2,035,389 0.21<br />
Standard Chartered Capital Trust I jr<br />
subord 8.16% perpetual<br />
(United States of America) (3) (4) 2,000,000 1,929,286 0.19<br />
Imperial Tobacco Finance co gtd<br />
SerEMTN 7.75% /2019 (GBP) 1,500,000 1,762,268 0.18<br />
Lloyds TSB Bank sr subord SerEMTN<br />
5.625% /2018 (3) 1,940,000 1,756,736 0.18<br />
Standard Chartered Bank subord nts<br />
SerEMTN 5.875% /2017 1,900,000 1,747,876 0.18<br />
Anglo American Capital co gtd SerEMTN<br />
5.875% /2015 1,700,000 1,705,959 0.17<br />
Lloyds TSB Bank subord SerEMTN<br />
13% perpetual (3) 2,000,000 1,640,000 0.17<br />
HBOS sr subord SerEMTN 4.5% /2030 (3) 2,830,000 1,566,446 0.16<br />
HSBC Holdings subord SerEMTN<br />
6.25% /2018 1,450,000 1,527,951 0.15<br />
Diageo Finance co gtd SerEMTN<br />
1.484% /2012 (3) 1,550,000 1,513,112 0.15<br />
Centrica sr unsecur SerEMTN 7.125% /2013 1,200,000 1,342,717 0.14<br />
Scottish & Southern Energy sr unsecur<br />
SerEMTN 6.125% /2013 1,200,000 1,284,839 0.13<br />
Barclays Bank subord SerRCI<br />
14% perpetual (3) (GBP) 900,000 1,207,609 0.12<br />
Aviva subord SerEMTN 6.875% /2038 (3) 1,700,000 1,172,165 0.12<br />
BAA Funding co gtd Ser144A priv plmt<br />
4.6% /2020 (Jersey) (3) (4) 1,750,000 1,126,335 0.11<br />
Royal Bank of Scotland Group jr subord<br />
7.092% perpetual (3) 3,100,000 1,069,500 0.11<br />
Anglian Water Services Financing co gtd<br />
SerEMTN 6.25% /2016 1,000,000 1,064,372 0.11<br />
Hanson co gtd 7.875% /2010 (USD) 1,500,000 1,030,064 0.10<br />
Royal Bank of Scotland Group sr<br />
unsecur SerEMTN 5.25% /2013 1,000,000 1,007,091 0.10<br />
Standard Chartered Bank subord<br />
9.5% perpetual (3) (USD) 1,300,000 942,293 0.10<br />
<strong>Investment</strong>s<br />
Nominal in<br />
Euro unless<br />
specified<br />
Market<br />
value<br />
% of net<br />
assets<br />
United Kingdom (continued)<br />
Rexam jr subord 6.75% /2067 (3) 1,150,000 816,500 0.08<br />
FCE Bank sr nts SerEMTN 7.125% /2013 700,000 569,188 0.06<br />
National Grid sr unsecur SerEMTN<br />
4.125% /2013 500,000 502,494 0.05<br />
Tesco sr unsecur SerEMTN 3.875% /2011 400,000 410,335 0.04<br />
Bank of Scotland bnk gtd SerEMTN<br />
5.625% /2013 360,000 359,930 0.04<br />
Imperial Tobacco Finance co gtd SerEMTN<br />
7.25% /2014 150,000 160,138 0.02<br />
J Sainsbury unsubord CV 4.25% /2014 (GBP) 100,000 124,227 0.01<br />
Total for United Kingdom 15.44<br />
Netherlands<br />
Deutsche Telekom International Finance co gtd<br />
SerEMTN 6% /2017 11,000,000 11,695,243 1.18<br />
RWE Finance co gtd SerEMTN 2.5% /2011 9,300,000 9,312,880 0.94<br />
Koninklijke KPN nts SerGMTN 6.25% /2014 7,000,000 7,569,517 0.76<br />
Rabobank Nederland subord SerEMTN<br />
5.875% /2019 7,000,000 7,309,498 0.74<br />
Shell International Finance co gtd SerEMTN<br />
4.375% /2018 7,000,000 7,091,354 0.72<br />
Rabobank Nederland sr unsecur<br />
Ser144A priv plmt 4.2% /2014 (USD) 10,000,000 7,082,496 0.71<br />
Rabobank Nederland unsecur<br />
SerEMTN 4.375% /2016 6,000,000 6,109,422 0.62<br />
ING Bank govt liquid gtd<br />
Ser144A priv plmt 3.9% /2014 (USD) 8,300,000 6,031,855 0.61<br />
Akzo Nobel co gtd 7.25% /2015 5,000,000 5,459,680 0.55<br />
Volkswagen International Finance co gtd<br />
SerEMTN 5.375% /2013 5,000,000 5,166,678 0.52<br />
Telecom Italia Finance co gtd SerEMTN<br />
7.75% /2033 (Luxembourg) (4) 4,200,000 4,294,162 0.43<br />
Deutsche Telekom International Finance<br />
unsecur co gtd 8.125% /2012 3,400,000 3,829,072 0.39<br />
EDP Finance sr unsecur SerEMTN<br />
5.5% /2014 3,400,000 3,615,941 0.36<br />
Schlumberger Finance co gtd SerEMTN<br />
4.5% /2014 3,300,000 3,391,763 0.34<br />
RWE Finance co gtd SerEMTN 5% /2015 3,000,000 3,164,403 0.32<br />
BASF Finance Europe co gtd SerMAY<br />
5.125% /2015 3,000,000 3,151,170 0.32<br />
Paccar Financial Europe keepwell agrmnt<br />
SerEMTN 5.125% /2011 3,250,000 3,074,929 0.31<br />
Nederlandse Gasunie nts SerEMTN<br />
5.125% /2017 2,500,000 2,639,104 0.27<br />
Unilever co gtd SerEMTN 3.125% /2013 (USD) 3,500,000 2,507,486 0.25<br />
Linde Finance co gtd SerEMTN<br />
4.75% /2017 2,500,000 2,506,759 0.25<br />
Muenchener Rueckversicherungs sr unsecur<br />
subord 6.75% /2023 (Germany) (3) (4) 2,400,000 2,384,008 0.24<br />
Bayer Capital co gtd SerEMTN<br />
4.625% /2014 2,200,000 2,282,767 0.23<br />
Koninklijke KPN sr unsecur SerGMTN<br />
6.25% /2013 2,000,000 2,168,870 0.22<br />
E.ON International Finance co gtd<br />
SerEMTN 5.5% /2016 2,000,000 2,143,176 0.22<br />
Rabobank Nederland subord nts<br />
Ser144A priv plmt 11% perpetual (3) (USD) 2,675,000 2,119,625 0.21<br />
ING Bank subord SerEMTN<br />
6.125% /2023 (3) 2,500,000 2,100,698 0.21<br />
E.ON International Finance co gtd<br />
SerEMTN 4.125% /2013 2,000,000 2,065,922 0.21<br />
Deutsche Telekom International Finance co gtd<br />
SerEMTN 4.375% /2014 2,000,000 2,038,610 0.21<br />
Telecom Italia Finance unsecur unsubord co gtd<br />
SerEMTN 7.25% /2012 (Luxembourg) (4) 1,800,000 1,934,162 0.20<br />
Alliander Finance co gtd SerEMTN 4% /2012 1,500,000 1,531,083 0.15<br />
CRH Finance co gtd SerEMTN 7.375% /2014 1,500,000 1,529,600 0.15<br />
Allianz Finance II co gtd 6.5% /2025 (3) 1,500,000 1,449,377 0.15<br />
Generali Finance co gtd 5.479% perpetual (3) 1,800,000 1,330,913 0.13<br />
ING Groep sr unsecur SerEMTN<br />
5.625% /2013 1,000,000 1,050,579 0.11<br />
Daimler International Finance co gtd<br />
SerEMTN 7.875% /2014 900,000 996,554 0.10