Morgan Stanley Investment Funds - stockselection

Short Maturity Euro 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
Sweden
Swedbank govt liquid gtd SerEMTN
3.125% /2012 2,000,000 2,035,450 0.72
Rodamco Sverige co gtd SerEMTN
4.125% /2011 1,400,000 1,407,491 0.51
Svenska Handelsbanken sr unsecur SerEMTN
4.875% /2014 1,000,000 1,032,425 0.37
Vattenfall sr unsecur SerEMTN 4.125% /2013 150,000 154,350 0.06
Total for Sweden 1.66
Ireland
GE Capital European Funding co gtd SerEMTN
4% /2011 2,550,000 2,582,535 0.93
Caterpillar International Finance co gtd SerEMTN
5.25% /2011 1,000,000 1,037,940 0.37
GE Capital European Funding co gtd SerEMTN
4.625% /2010 200,000 204,355 0.07
Total for Ireland 1.37
Supra-National
European Investment Bank 2.5% /2012 2,000,000 2,022,382 0.73
Total for Supra-National 0.73
Switzerland
Philip Morris International sr unsecur SerGMTN
5.625% /2011 (United States of America) (4) 1,250,000 1,323,283 0.48
Credit Suisse sr unsecur SerEMTN
6.125% /2013 500,000 537,516 0.19
Total for Switzerland 0.67
Belgium
Anheuser-Busch InBev co gtd SerEMTN
7.375% /2013 1,300,000 1,417,352 0.51
Elia System Operator 4.5% /2013 200,000 205,785 0.07
Total for Belgium 0.58
Denmark
Danske Bank govt liquid gtd SerEMTN
4.75% /2012 950,000 982,196 0.35
Danske Bank sr unsecur SerEMTN 4.75% /2014 450,000 450,455 0.16
Danske Bank subord SerEMTN 5.375% /2014 (3) 150,000 137,332 0.05
Total for Denmark 0.56
Jersey
UBS sr unsecur SerEMTN 4.625% /2010
(Switzerland) (4) 700,000 710,367 0.25
ASIF III Jersey sr secured SerEMTN
4.75% /2013 250,000 182,705 0.07
Total for Jersey 0.32
Norway
DnB NOR Bank sr unsecur SerEMTN
5.875% /2013 500,000 531,564 0.19
DnB NOR Bank sr unsecur SerEMTN 4.5% /2014 200,000 201,106 0.07
Total for Norway 0.26
Investments
Morgan Stanley Investment Funds 30 June 2009 82
Canada
VW Credit Canada co gtd SerEMTN 5% /2011 500,000 507,911 0.18
Total for Canada 0.18
Luxembourg
Coca-Cola Enterprises Finance LT 1
Commandite co gtd 4.75% /2010 250,000 255,785 0.09
ArcelorMittal sr unsecur 8.25% /2013 150,000 156,069 0.06
Total for Luxembourg 0.15
South Korea
Export-Import Bank of Korea sr unsecur SerEMTN
5.75% /2013 350,000 349,398 0.13
Total for South Korea 0.13
Russia
Gaz Capital sr secured SerEMTN LPN
4.56% /2012 (Luxembourg) (4) 300,000 275,940 0.10
Total for Russia 0.10
Total Investment Securities 260,739,550 93.55
DERIVATIVES
OTC and exchange traded derivatives as at 30 June 2009,
expressed in Euro.
Futures Contracts
Description
Maturity
date
Number of
contracts
Euro BOBL Future 09/2009 (192) 22,135,680 (215,410) (0.08)
Euro SCHATZ Future 09/2009 370 39,906,350 30,489 0.01
Total Futures Contracts 62,042,030 1 (184,921) (0.07)
1 Cash of EUR 2,752,194 held as collateral.
Nominal in
Euro unless
specified
Notional
commitments
Market
value
Net unrealised
gain/(loss)
as at
30 June 2009
% of net
assets
% of net
assets
Other Assets less Liabilities 18,148,389 6.52
Total Net Asset Value 278,703,018 100.00
(1) These securities are valued at their fair value. See note 2(a) within the Notes to the Financial
Statements.
(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.