Morgan Stanley Investment Funds - stockselection

Euro Strategic 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)
Norway
DnB NOR Bank sr unsecur SerEMTN
5.875% /2013 350,000 372,094 0.34
Statkraft nts SerEMTN 5.5% /2015 100,000 103,608 0.10
Statkraft sr unsecur 6.625% /2019 50,000 52,803 0.05
DnB NOR Bank sr unsecur SerEMTN
4.5% /2014 50,000 50,277 0.05
Total for Norway 0.54
Bermuda
Bacardi co gtd 7.75% /2014 150,000 161,976 0.15
Total for Bermuda 0.15
British Virgin Islands
C10 - EUR Capital SPV co gtd
6.277% perpetual (3) 200,000 80,500 0.07
Total for British Virgin Islands 0.07
Total for Corporate Bonds 55.13
Government Bonds
Nominal in
Euro unless
specified
Market
value
% of net
assets
France
Government of France OAT 3.75% /2017 5,300,000 5,411,944 5.00
French Treasury Note BTAN nts 3.5% /2011 2,950,000 3,066,541 2.84
Government of France OAT 4% /2013 2,800,000 2,962,798 2.74
Government of France OAT 5.5% /2029 2,300,000 2,633,490 2.43
Total for France 13.01
Italy
Italy Buoni Poliennali Del Tesoro 3.5% /2011 4,500,000 4,645,487 4.30
Italy Buoni Poliennali Del Tesoro 4.25% /2014 2,000,000 2,091,126 1.93
Italy Buoni Poliennali Del Tesoro 4% /2017 1,500,000 1,523,768 1.41
Total for Italy 7.64
Netherlands
Government of Netherlands 4% /2037 5,400,000 5,105,471 4.72
Government of Netherlands 3.25% /2015 1,500,000 1,510,728 1.40
Total for Netherlands 6.12
Germany
Bundesrepublik 4.75% /2034 2,600,000 2,759,686 2.55
Bundesrepublik 6.5% /2027 1,500,000 1,913,462 1.77
Bundesrepublik 3.25% /2015 400,000 408,586 0.38
Total for Germany 4.70
Greece
Hellenic Republic Government Bond
4.6% /2013 2,400,000 2,516,995 2.33
Total for Greece 2.33
Investments
Government Bonds (continued)
Morgan Stanley Investment Funds 30 June 2009 68
Nominal in
Euro unless
specified
Brazil
Republic of Brazil unsubord
10% /2014 (1) (BRL) 3,100,000 1,101,550 1.02
Federal Republic of Brazil sr unsecur
7.375% /2015 250,000 278,925 0.26
Total for Brazil 1.28
Mexico
Mexican Bonos 10% /2024 (MXN) 15,600,000 955,648 0.88
Total for Mexico 0.88
South Africa
Republic of South Africa 7.25% /2020 (ZAR) 6,700,000 543,880 0.50
Total for South Africa 0.50
Hungary
Republic of Hungary 5.75% /2018 350,000 322,632 0.30
Total for Hungary 0.30
Total for Government Bonds 36.76
Mortgage and Asset Backed Securities
Market
value
% of net
assets
Australia
Resimac MBS Trust 2005-1E 1A
1.545% /2037 (3) 812,223 762,225 0.71
Resimac MBS Trust 2004-1E 1A
1.625% /2035 (1) (3) 462,055 461,601 0.43
Medallion Trust 2004-1G A3 1.399% /2035 (3) 510,327 455,008 0.42
Rams Mortgage Securities 2003-1E 2A
1.522% /2034 (1) (3) 116,822 98,131 0.09
Total for Australia 1.65
United Kingdom
Leek Finance 18X A2C 1.365% /2038 (3) 436,482 329,882 0.30
Leek Finance 17 X A2C 1.375% /2037 (3) 404,352 323,136 0.30
Permanent Master Issuer 2007-1 3A
1.525% /2033 (3) 300,000 267,670 0.25
Granite Master Issuer 2006-4 A7
1.058% /2054 (3) 306,518 217,237 0.20
Granite Master Issuer 2007-2 3A2
1.059% /2054 (3) 229,888 162,830 0.15
Total for United Kingdom 1.20
United States of America
Countrywide Alternative Loan Trust
2006-OA18 A3 0.584% /2046 (1) (3) (USD) 1,266,171 112,163 0.10
American Home Mortgage Investment
Trust 2004-41A1 0.654% /2045 (3) (USD) 101,207 55,183 0.05
Mastr Adjustable Rate Mortgages Trust
2006-OA1 3A3 2.379% /2046 (1) (3) (USD) 284,716 20,987 0.02
Total for United States of America 0.17
Total for Mortgage and Asset Backed Securities 3.02
Total Investment Securities 102,654,939 94.91