Morgan Stanley Investment Funds - stockselection

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77 Morgan Stanley Investment Funds 30 June 2009 Global 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 US dollars. Investments Corporate Bonds (continued) Nominal in US dollars unless specified Market value % of net assets Netherlands ING Bank govt liquid gtd Ser144A priv plmt 3.9% /2014 1,600,000 1,636,653 1.08 NIBC Bank govt liquid gtd SerEMTN 3.625% /2011 (EUR) 1,000,000 1,450,510 0.95 Telecom Italia Finance co gtd SerEMTN 7.75% /2033 (Luxembourg) (4) (EUR) 340,000 489,296 0.32 ABN Amro Bank sr unsecur SerFORB CV 1.875% /2010 (EUR) 250,000 343,851 0.23 OI European Group co gtd SerRegS 6.875% /2017 (EUR) 200,000 246,321 0.16 Impress Holdings sr secured SerRegS 4.56% /2013 (3) (EUR) 200,000 245,617 0.16 Rabobank Nederland subord SerEMTN 5.875% /2019 (EUR) 150,000 220,468 0.14 Rabobank Nederland sr unsecur SerEMTN 4.375% /2014 (EUR) 100,000 145,752 0.10 Rabobank Nederland subord nts Ser144A priv plmt 11% perpetual (3) 75,000 83,649 0.05 Total for Netherlands 3.19 Jersey ASIF III Jersey sr secured SerEMTN 0.95% 15/07/2009 (JPY) 260,000,000 2,661,594 1.75 WPP co gtd SerWPP CV 5.75% /2014 (United Kingdom) (4) (GBP) 100,000 173,156 0.11 Total for Jersey 1.86 Switzerland Credit Suisse sr unsecur SerEMTN 5.125% /2012 (EUR) 250,000 367,243 0.25 Adecco Financial Service Bermuda co gtd CV 0% /2013 (Bermuda) (4) (CHF) 340,000 337,050 0.22 UBS sr nts SerEMTN 6% /2018 (EUR) 225,000 327,356 0.21 Roche Holdings co gtd Ser144A priv plmt 6% /2019 (United States of America) (4) 150,000 159,391 0.10 UBS bnk gtd SerEMTN 7.152% perpetual (3) (EUR) 50,000 43,399 0.03 Total for Switzerland 0.81 Sweden Svenska Handelsbanken sr unsecur SerEMTN 4.875% /2014 (EUR) 250,000 363,298 0.23 Svensk Exportkredit sr nts SerEMTN 3.625% /2014 (EUR) 250,000 350,476 0.23 Vattenfall sr unsecur SerEMTN 5.25% /2016 (EUR) 150,000 223,426 0.15 Vattenfall Treasury co gtd SerEMTN 4.25% /2014 (EUR) 50,000 71,860 0.05 Total for Sweden 0.66 Japan Sharp sr unsecur CV 0% /2013 (JPY) 58,000,000 557,362 0.36 Softbank sr unsecur CV 1.5% /2013 (JPY) 30,000,000 332,591 0.22 Total for Japan 0.58 Investments Corporate Bonds (continued) Nominal in US dollars unless specified Market value % of net assets Luxembourg Wind Acquisition Finance sr secured co gtd SerRegS 9.75% /2015 (EUR) 150,000 207,966 0.13 ArcelorMittal sr unsecur CV 7.25% /2014 (EUR) 461,500 186,106 0.12 ArcelorMittal sr unsecur 6.125% /2018 205,000 175,342 0.12 ArcelorMittal sr unsecur 9.375% /2016 (EUR) 100,000 147,257 0.10 Hellas Telecommunications Luxembourg V sr secured SerRegS 4.935% /2012 (3) (EUR) 100,000 95,831 0.06 Novartis Finance co gtd SerEMTN 4.25% /2016 (EUR) 50,000 71,577 0.05 Total for Luxembourg 0.58 Canada Teck Resources sr secur Ser144A priv plmt 10.25% /2016 290,000 302,696 0.20 Bombardier sr unsecur SerRegS 7.25% /2016 (EUR) 250,000 296,787 0.19 Potash Corp of Saskatchewan sr unsecur 6.5% /2019 40,000 42,880 0.03 Total for Canada 0.42 Denmark Danske Bank govt liquid gtd SerEMTN 4.75% /2012 (EUR) 350,000 509,339 0.33 Total for Denmark 0.33 South Korea Export-Import Bank of Korea sr nts 8.125% /2014 200,000 219,320 0.14 Export-Import Bank of Korea sr unsecur SerEMTN 5.75% /2013 (EUR) 150,000 210,769 0.14 Total for South Korea 0.28 Italy Fiat Finance & Trade co gtd 6.625% /2013 (Luxembourg) (4) (EUR) 250,000 300,864 0.20 UniCredit subord SerEMTN 5.75% /2017 (EUR) 90,000 125,800 0.08 Total for Italy 0.28 Bermuda Xlliac Global Funding sr unsecur Ser144A priv plmt 4.8% /2010 (United States of America) (4) 400,000 372,398 0.24 Total for Bermuda 0.24 Spain Telefonica Emisiones co gtd SerEMTN 5.58% /2013 (EUR) 200,000 300,117 0.20 Total for Spain 0.20 Norway DnB NOR Bank sr unsecur SerEMTN 4.5% /2014 (EUR) 200,000 283,067 0.19 Total for Norway 0.19 Russia Gaz Capital sr secured SerEMTN LPN 4.56% /2012 (Luxembourg) (4) (EUR) 185,000 239,513 0.16 Total for Russia 0.16
Global 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 US dollars. Investments Corporate Bonds (continued) Ireland Smurfit Kappa Funding sr subord 7.75% /2015 (EUR) 150,000 182,630 0.12 Total for Ireland 0.12 Canada Brookfield Asset Management sr unsecur 5.8% /2017 120,000 99,606 0.07 Total for Canada 0.07 Australia BHP Billiton Finance co gtd SerEMTN 6.375% /2016 (EUR) 50,000 77,236 0.05 Total for Australia 0.05 Finland Nokia sr unsecur 5.375% /2019 30,000 30,127 0.02 Total for Finland 0.02 Total for Corporate Bonds 37.30 Supra-National Bond Nominal in US dollars unless specified European Investment Bank sr unsecur 2.15% /2027 (JPY) 480,000,000 4,716,234 3.10 Total for Supra-National Bond 3.10 Mortgage and Asset Backed Securities Market value % of net assets United States of America WaMu Mortgage Pass Through Certificates 2005-AR13 A1A2 2.889% /2045 (1) (3) 1,643,974 908,509 0.59 WaMu Mortgage Pass Through Certificates 2005-AR6 2AB3 0.584% /2045 (3) 518,521 162,001 0.11 Countrywide Alternative Loan Trust 2006-OA18 A3 0.584% /2046 (1) (3) 458,987 57,230 0.04 American Home Mortgage Assets 2006-4 1A3 0.624% /2046 (1) (3) 461,924 36,377 0.02 Total for United States of America 0.76 Total for Mortgage and Asset Backed Securities 0.76 Total Investment Securities 141,408,812 92.87 DERIVATIVES Morgan Stanley Investment Funds 30 June 2009 78 OTC and exchange traded derivatives as at 30 June 2009, expressed in US dollars. Forward Foreign Currency Exchange Contracts Maturity date 09/07/2009 179,067 EUR 805,000 PLN (1,992) 0.00 09/07/2009 580,000 EUR 825,154 USD (8,770) (0.01) 09/07/2009 5,940,500 EUR 8,472,418 USD (110,812) (0.07) 09/07/2009 1,400,000 PLN 444,111 USD (2,304) 0.00 09/07/2009 2,305,050 USD 1,650,000 EUR (17,423) (0.01) 13/07/2009 435,000 CHF 287,193 EUR (2,673) 0.00 13/07/2009 11,350,000 NOK 1,752,051 USD 12,739 0.01 13/07/2009 825,000 SEK 104,889 USD 2,211 0.00 13/07/2009 1,516,868 USD 1,660,000 CHF (15,560) (0.01) 16/07/2009 750,000 AUD 429,009 EUR 2,727 0.00 16/07/2009 1,940,000 AUD 1,582,652 USD (13,613) (0.01) 16/07/2009 200,000 CAD 129,193 EUR (8,979) (0.01) 16/07/2009 405,667 EUR 700,000 AUD 4,856 0.00 16/07/2009 1,989,189 EUR 2,800,000 USD (80) 0.00 16/07/2009 7,650,000 MXN 566,054 USD 14,466 0.01 16/07/2009 1,059,536 USD 1,165,000 CAD 52,572 0.03 16/07/2009 305,824 USD 350,000 CAD 3,302 0.00 22/07/2009 2,140,000 GBP 2,511,207 EUR 2,002 0.00 22/07/2009 565,000 GBP 662,343 EUR 1,461 0.00 22/07/2009 400,000 GBP 657,198 USD 3,870 0.00 22/07/2009 8,100,000,000 IDR 800,791 USD (11,009) (0.01) 27/07/2009 105,000,000 JPY 789,449 EUR (19,463) (0.01) 27/07/2009 375,050,000 JPY 3,912,334 USD (12,700) (0.01) 22/07/2009 2,750,000 MYR 783,922 USD (2,154) 0.00 22/07/2009 854,275 USD 1,660,000 BRL 5,121 0.00 22/07/2009 4,816,375 USD 2,940,000 GBP (42,480) (0.03) 22/07/2009 164,422 USD 100,000 GBP (846) 0.00 22/07/2009 783,475 USD 6,350,000 ZAR (36,325) (0.02) 16/09/2009 130,000,000 JPY 1,191,163 USD 161,362 0.11 Total Forward Foreign Currency Exchange Contracts (40,494) (0.04) Futures Contracts Description Maturity date Amount bought Euro BOBL Future 09/2009 15 2,434,147 8,516 0.01 Euro Bund Future 09/2009 4 680,466 3,322 0.00 Euro SCHATZ Future 09/2009 51 7,742,376 701 0.00 Japan 10yr Bond TSE 09/2009 6 8,612,858 141,573 0.09 Long Gilt Future 09/2009 (6) 1,169,318 (11,172) (0.01) US 10yr T-note Future 09/2009 (78) 9,043,125 116,015 0.08 US 2yr T-note Future 09/2009 48 10,368,000 (39,621) (0.03) US Long Bond Future 09/2009 10 1,177,344 (12,500) (0.01) Total Futures Contracts 41,227,634 1 206,834 0.13 1 Cash of USD 1,848,936 held as collateral. Amount sold Number of Notional contracts 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
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