Morgan Stanley Investment Funds - stockselection

Euro Corporate Bond Fund
DERIVATIVES
OTC and exchange traded derivatives as at 30 June 2009,
expressed in Euro.
Forward Foreign Currency Exchange Contracts
Maturity
date
06/07/2009 51,868 EUR 37,415 GBP 7,937 0.00
06/07/2009 8,000,000 USD 5,744,444 EUR (60,831) (0.01)
13/07/2009 547,978 EUR 830,000 CHF 3,623 0.00
16/07/2009 2,830,746 EUR 3,925,000 USD 42,249 0.00
16/07/2009 4,954,392 EUR 6,900,000 USD 52,322 0.01
16/07/2009 60,719,987 EUR 85,470,000 USD (1,740) 0.00
16/07/2009 100,000 GBP 118,094 EUR (680) 0.00
22/07/2009 4,249,376 EUR 3,630,000 GBP (12,700) 0.00
22/07/2009 118,092 EUR 100,000 GBP 680 0.00
22/07/2009 40,000 GBP 54,994 EUR (8,029) 0.00
Total Forward Foreign Currency Exchange Contracts 22,831 0.00
Cash of EUR 400,000 paid as collateral to different parties.
Futures Contracts
Description
Maturity
date
Amount
bought
Number of
contracts
Euro BOBL Future 09/2009 239 27,554,310 244,920 0.02
Euro Bund Future 09/2009 176 21,271,360 422,400 0.04
Euro SCHATZ Future 09/2009 (15) 1,617,825 (10,050) 0.00
Long Gilt Future 09/2009 (21) 2,907,615 (13,280) 0.00
US 10yr T-note Future 09/2009 (253) 20,839,180 100,385 0.01
US 5yr T-note Future 09/2009 (662) 53,877,449 736,764 0.07
US Long Bond Future 09/2009 (31) 2,592,992 (19,615) 0.00
Total Futures Contracts 130,660,731 1 1,461,524 0.14
1 Cash of EUR 1,200,269 held as collateral.
Amount
sold
Notional
commitments
Net unrealised
gain/(loss)
as at
30 June 2009
Net unrealised
gain/(loss)
as at
30 June 2009
% of net
assets
% of net
assets
Credit Default Swap Contracts
Risk
position
Morgan Stanley Investment Funds 30 June 2009 64
Description Currency
Notional
amount
Buy Accor 7.5% 04/02/14
(spread 1.95%) EUR 4,500,000 20/03/2014 (115,221) (0.02)
Buy Accor 7.5% 04/02/14
(spread 2.05%) EUR 4,500,000 20/03/2014 (134,728) (0.02)
Buy Akzo Nobel 4.25% 06/18 EUR 5,000,000 20/06/2014 (162,892) (0.03)
Buy Carnival 6.65% 15/01/28 USD 900,000 20/06/2015 29,618 0.00
Buy Goldman Sachs Group
6.6% 15/01/12 EUR 800,000 20/06/2013 21,114 0.00
Buy Koninklijke DSM
4.0% 10/11/15 EUR 2,200,000 20/12/2013 (44,602) (0.01)
Buy Merrill Lynch & Co
5% 15/01/15 EUR 550,000 20/06/2013 23,203 0.00
Buy Whirlpool 7.75% 07/16 USD 5,935,000 20/06/2014 283,926 0.05
Buy WPP 2005 6% 04/04/17 EUR 2,000,000 20/06/2015 108,050 0.02
Sell Arcelormittal
6.125% 01/06/18 EUR 3,500,000 20/03/2014 28,537 0.00
Sell Itraxx Europe Senior
Financials Series 9 EUR 9,000,000 20/06/2013 183,660 0.03
Sell Itraxx Europe Senior
Financials Series 9 EUR 15,000,000 20/06/2013 306,101 0.05
Sell Itraxx Europe Senior
Financials Series 10 EUR 7,500,000 20/12/2013 22,476 0.00
Sell Itraxx Europe Series 11 EUR 9,000,000 20/06/2014 296,157 0.05
Sell Itraxx Europe Series 11 EUR 5,000,000 20/06/2014 164,532 0.03
Sell Itraxx Europe Series 11 EUR 30,000,000 20/06/2014 987,189 0.16
Sell Itraxx Europe Series 11 EUR 10,000,000 20/06/2014 442,429 0.07
Total Credit Default Swap Contracts 2,439,549 0.38
Cash of EUR 1,260,000 paid as collateral to different parties.
Maturity
date
Net unrealised
gain/(loss)
as at
30 June 2009
Total Derivatives 3,923,904 0.52
Other Assets less Liabilities 85,581,205 8.51
Total Net Asset Value 990,804,131 100.00
(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.
% of
net
assets