Morgan Stanley Investment Funds - stockselection

Global Convertible 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
Holdings/
Nominal in
US dollars
unless specified
Market
value
% of net
assets
Internet
Symantec sr unsecur CV 0.75% /2011 3,869,000 3,927,035 1.27
Matsui Securities sr unsubord CV
0% /2011 (JPY) 148,000,000 1,484,691 0.48
Total for Internet 1.75
Electrical Equipment & Components
Suntech Power Holdings sr unsecur CV
0.25% /2012 5,378,000 5,130,074 1.66
Total for Electrical Equipment & Components 1.66
Iron/Steel
ArcelorMittal sr unsecur CV
7.25% /2014 (EUR) 6,400,300 2,581,005 0.83
Allegheny Technologies sr nts CV
4.25% /2014 2,181,000 2,399,100 0.78
Total for Iron/Steel 1.61
Entertainment
International Game Technology sr unsecur CV
2.6% /2036 2,419,000 2,400,858 0.78
International Game Technology sr unsecur
Ser144A priv plmt CV 3.25% /2014 1,342,000 1,459,425 0.47
Total for Entertainment 1.25
Food
J Sainsbury unsubord CV 4.25% /2014 (GBP) 2,200,000 3,846,825 1.24
Total for Food 1.24
Home Furnishings
Sharp sr unsecur CV 0% /2013 (JPY) 356,000,000 3,421,049 1.11
Total for Home Furnishings 1.11
Auto Manufacturers
Suzuki Motor unsecur Ser4 CV
0% /2013 (JPY) 320,000,000 3,343,550 1.08
Total for Auto Manufacturers 1.08
Chemicals
KCC unsubord SerC CV 0% /2012 3,400,000 3,332,989 1.08
Total for Chemicals 1.08
Commercial Services
USG People subord SerUSG CV
3% /2012 (EUR) 1,452,000 1,803,620 0.58
Adecco Financial Services Bermuda
co gtd CV 0% /2013 (CHF) 1,515,000 1,501,855 0.49
Total for Commercial Services 1.07
Investments
Morgan Stanley Investment Funds 30 June 2009 90
Holdings/
Nominal in
US dollars
unless specified
Market
value
% of net
assets
Leisure Time
Carnival sr unsubord CV 2% /2021 1,704,000 1,648,620 0.54
Carnival co gtd step cpn CV 0.5% /2033 2,359,000 1,551,043 0.50
Total for Leisure Time 1.04
REITS
Vornado Realty sr unsecur CV
3.875% /2025 1,705,000 1,581,388 0.51
Unibail-Rodamco CV 3.5% /2015 (EUR) 575,000 1,235,055 0.40
Total for REITS 0.91
Miscellaneous Manufacturing
Danaher sr unsecur CV 0% /2021 2,626,000 2,442,180 0.79
Total for Miscellaneous Manufacturing 0.79
Transportation
Nippon Yusen CV 0% /2026 (JPY) 220,000,000 2,248,292 0.73
Total for Transportation 0.73
Software
Sybase jr subord CV 1.75% /2025 1,508,000 1,962,285 0.63
Total for Software 0.63
Aerospace/Defense
L-3 Communications Holdings co gtd CV
3% /2035 1,825,000 1,765,688 0.57
Total for Aerospace/Defense 0.57
Retail
Don Quijote unsubord CV 0% /2011 (JPY) 140,000,000 1,568,252 0.51
Total for Retail 0.51
Investment Companies
Hongkong Land CB 2005 co gtd
SerRegS CV 2.75% /2012 1,000,000 1,108,750 0.36
Total for Investment Companies 0.36
Health Care Services
Laboratory Corp of America Holdings
subord CV 0% /2021 1,095,000 1,003,294 0.32
Total for Health Care Services 0.32
Airlines
Societe Air France sr unsecur CV
2.75% /2020 (EUR) 3,206,700 860,385 0.28
Total for Airlines 0.28
Advertising
Omnicom Group sr unsecur CV 0% /2032 850,000 846,816 0.27
Total for Advertising 0.27
Total Investment Securities 297,244,695 96.18