Morgan Stanley Investment Funds - stockselection

More documents

Recommendations

Info

87 Morgan Stanley Investment Funds 30 June 2009 US Bond Fund STATEMENT OF INVESTMENTS (continued) Other transferable securities and money market instruments not admitted to official exchange listing or dealt in on another regulated market. As at 30 June 2009, expressed in US dollars. Investments Corporate Bonds United States of America Cooper US co gtd 5.25% /2012 75,000 80,237 0.18 Total for United States of America 0.18 Bermuda Two-Rock Pass Through Trust pass thru certs Ser144A 1.896% perpetual (3) 520,000 1,690 0.00 Total for Bermuda 0.00 Total for Corporate Bonds 0.18 Total other transferable securities and money market instruments not admitted to official exchange listing or dealt in on another regulated market 81,927 0.18 Total Investment Securities 50,414,585 113.49 DERIVATIVES OTC and exchange traded derivatives as at 30 June 2009, expressed in US dollars. Options at Market Value Description Currency 2 Years Euro$ Mid-Curve Call, Strike Price 97.75 September 2009 USD 93 11,044 0.02 2 Years Euro$ Mid-Curve Call, Strike Price 98.50 September 2009 USD (77) (963) 0.00 Total Options at Market Value 10,081 0.02 Futures Contracts Description Maturity date Number of contracts Nominal in US dollars unless specified Number of contracts Notional commitments Market value Market value Net unrealised gain/(loss) as at 30 June 2009 % of net assets % of net assets % of net assets US 10yr T-note Future 09/2009 (27) 3,130,312 13,868 0.03 US Long Bond Future 09/2009 (15) 1,766,016 (28,677) (0.06) US 2yr T-note Future 09/2009 16 3,456,000 (8,925) (0.02) US 5yr T-note Future 09/2009 22 2,520,203 1,111 0.00 90 Day Euro Future 03/2011 6 1,459,950 (4,551) (0.01) 90 Day Euro Future 06/2011 6 1,454,925 (5,400) (0.01) 90 Day Euro Future 09/2011 6 1,450,425 (6,164) (0.01) 90 Day Euro Future 12/2011 6 1,446,150 (6,569) (0.01) Total Futures Contracts 16,683,981 1 (45,307) (0.09) 1 80,000 US Treasury Bill 12/11/2009 held as collateral and cash of USD 53,689 held as collateral. Interest Rate Swap Contracts Description Currency Notional amount Maturity date Net unrealised gain/(loss) as at 30 June 2009 % of net assets Pay floating rate USD LIBOR 3 months Receive fixed rate 4.64% USD 961,000 27/05/2019 (1,388) 0.00 Pay floating rate USD LIBOR 3 months Receive fixed rate 4.66% USD 2,806,000 27/05/2019 (1,902) 0.00 Pay fixed rate 0% Receive floating rate USD LIBOR 3 months USD 1,174,044 15/11/2020 58,316 0.13 Pay fixed rate 4.04% Receive floating rate USD LIBOR 3 months USD 220,000 27/05/2039 2,380 0.01 Pay fixed rate 4.04% Receive floating rate USD LIBOR 3 months USD 650,000 27/05/2039 7,030 0.02 Total Interest Rate Swap Contracts 64,436 0.16 Total Derivatives 29,210 0.07 Other Assets less Liabilities (6,020,022) (13.56) Total Net Asset Value 44,423,773 100.00 (1) These securities are valued at their fair value. See note 2(a) within the Notes to the Financial Statements. (2) Security held as collateral against futures positions by the broker. (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.
Global Convertible Bond Fund* INVESTMENT AIMS To seek long-term capital appreciation, measured in US Dollars, through investment primarily in convertible bonds issued by companies organised or operating in either the developed or emerging markets which will be denominated in global currencies. * Name changed from Global Convertible Bond (USD) Fund on 20 March 2009. Please refer to the full prospectus for the Fund’s investment objective and policy. Morgan Stanley Investment Funds 30 June 2009 88 STATEMENT OF INVESTMENTS 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 Holdings/ Nominal in US dollars unless specified Market value % of net assets Diversified Financial Services Rafflesia Capital CV 1.25% /2011 (3) 6,300,000 6,877,473 2.22 Cherating Capital co gtd CV 2% /2012 (3) 6,500,000 6,630,000 2.15 ORIX unsecur CV 1% /2014 (JPY) 612,000,000 6,258,043 2.02 Sonata Securities secured SerADEN CV 1.5% /2010 (CHF) 5,900,000 5,096,742 1.65 Feringghi Capital co gtd SerRegS CV 0% 22/12/2009 4,400,000 4,969,967 1.61 Paka Capital SerPARK CV 0% /2013 4,500,000 4,224,375 1.37 Aldar Funding secured SerALDA CV 5.767% /2011 3,535,000 3,547,888 1.15 Actelion Finance co gtd CV 0% /2011 (CHF) 3,385,000 3,517,319 1.14 SOCO Finance Jersey co gtd SerSIA CV 4.5% /2013 3,402,000 3,302,985 1.07 IIG Funding SerIIG CV 6.75% /2012 7,700,000 1,720,711 0.56 China Overseas Finance Investment Cayman co gtd SerCOLI CV 0% /2014 800,000 1,040,040 0.35 Adidas International co gtd CV 2.5% /2018 (EUR) 500,000 819,546 0.27 AngloGold Ashanti Holdings Finance co gtd SerREGS CV 3.5% /2014 600,000 625,850 0.20 Total for Diversified Financial Services 15.76 Banks Bank of America SerL Pfd Stock 7.25% perpetual 9,346 7,788,302 2.52 Wells Fargo & Co SerL Pfd Stock 7.5% 7,949 6,239,965 2.02 Mizuho Financial Group Ser11XI CV 2% /2016 (JPY) 354,000 2,556,910 0.83 BES Finance bnk gtd SerEMTN CV 1.25% /2011 1,500,000 1,429,950 0.46 KfW - Kreditanstalt fuer Wiederaufbau govt gtd SerDPW CV 0.5% /2010 (EUR) 620,000 866,834 0.28 KfW - Kreditanstalt fuer Wiederaufbau govt gtd SerDTE CV 3.25% /2013 (EUR) 600,000 859,140 0.28 Bank of Kyoto subord CV 0% /2014 (JPY) 79,000,000 833,481 0.27 La Caja de Ahorros y Pensiones de Barcelona SerCRI CV 3.5% /2011 (EUR) 550,000 757,160 0.24 Total for Banks 6.90 Oil & Gas Seadrill sr unsecur CV 3.625% /2012 8,400,000 6,603,727 2.14 Transocean sr unsecur SerC CV 1.5% /2037 6,048,000 5,360,040 1.73 Nabors Industries co gtd CV 0.94% /2011 3,201,000 2,976,930 0.96 Chesapeake Energy Corp co gtd CV 2.75% /2035 2,612,000 2,262,645 0.73 Etablissements Maurel et Prom sr nts CV 3.5% /2010 (EUR) 2,774,200 887,567 0.29 Total for Oil & Gas 5.85 Mining Newmont Mining co gtd CV 1.25% /2014 5,200,000 5,772,000 1.87 Freeport-McMoRan Copper & Gold Pfd Stock 5.5% perpetual 3,301 3,802,660 1.23 Anglo American sr unsecur SerAAL CV 4% /2014 2,300,000 3,127,540 1.01 Vedanta Finance Jersey co gtd CV 4.26% /2026 2,766,000 2,299,237 0.74 Goldcorp sr nts Ser144A priv plmt CV 2% /2014 1,410,000 1,413,525 0.46 Alcoa sr unsecur CV 5.25% /2014 109,000 193,203 0.06 Total for Mining 5.37
Page 1:
INVESTMENT MANAGEMENT Morgan Stanle
Page 4 and 5:
1 Morgan Stanley Investment Funds 3
Page 6 and 7:
Page 8 and 9:
Page 10 and 11:
Page 12 and 13:
Page 14 and 15:
11 Morgan Stanley Investment Funds
Page 16 and 17:
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26 and 27:
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
Page 36 and 37:
Page 38 and 39:
Page 40 and 41: 37 Morgan Stanley Investment Funds
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 196:
www.morganstanleyinvestmentfunds.co
show all

Morgan Stanley Investment Funds - stockselection

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?