Morgan Stanley Investment Funds - stockselection

Euro Liquidity Fund
INVESTMENT AIMS
To provide liquidity and high current income,
to the extent consistent with the preservation
of capital, primarily by investing in high quality
short-term transferable debt securities that
are denominated in Euro, provided that,
at the time of acquisition, their initial or
residual maturity does not exceed 397 days.
The Fund may also hold up to 49% of its net
assets in cash and cash equivalents.
Please refer to the full prospectus for the Fund’s investment objective and policy.
Commercial Paper
Morgan Stanley Investment Funds 30 June 2009 92
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 Euro.
Investments
Svenska Handelsbanken 0% 31/07/2009 15,000,000 14,986,908 4.69
Deutsche Bank 0% 31/08/2009 15,000,000 14,986,541 4.70
Abbey National Treasury Service
0% 06/07/2009 14,000,000 13,998,446 4.38
Credit Suisse 0% 15/07/2009 12,000,000 11,996,689 3.76
Intesa Sanpaolo 0% 27/08/2009 12,000,000 11,982,937 3.75
Banco Bilbao Vizcaya Argentaria
0% 03/07/2009 10,000,000 9,999,492 3.13
NRW. Bank 0% 17/07/2009 10,000,000 9,996,451 3.13
Santander Ser‘763’ 0% 27/07/2009 10,000,000 9,990,965 3.13
Bank of Scotland 0% 23/07/2009 5,000,000 4,997,420 1.56
Nordea Bank 0% 29/07/2009 5,000,000 4,997,279 1.56
Caisse des Depots et Consignation
0% 15/07/2009 4,000,000 3,998,943 1.25
Banco Bilbao Vizcaya 0% 05/08/2009 3,500,000 3,496,234 1.09
Banco Bilbao Vizcaya Argentaria
0% 07/07/2009 2,000,000 1,999,605 0.63
National Australia Bank 0% 09/06/2009 2,000,000 1,997,838 0.63
Total for Commercial Paper 37.39
Government Obligations
France
France Treasury Bill BTF 0% 20/08/2009 21,000,000 20,982,502 6.57
France Treasury Bill BTF 0% 23/07/2009 15,000,000 14,993,222 4.69
French Treasury Note BTAN nts
3.5% 12/07/2009 5,000,000 5,004,555 1.57
Total for France 12.83
Netherlands
Dutch Treasury Certificate 0% 31/07/2009 20,000,000 19,987,844 6.26
Dutch Treasury Certificate 0% 17/07/2009 19,000,000 18,993,974 5.95
Total for Netherlands 12.21
Total for Government Obligations 25.04
Certificates of Deposit
Lloyds TSB Bank 0.795% 06/07/2009 10,000,000 10,000,000 3.13
Crédit Agricole 0% 01/09/2009 8,000,000 7,986,259 2.50
Barclays Bank 0% 08/09/2009 8,000,000 7,983,333 2.50
Total for Certificates of Deposit 8.13
Corporate Bonds
Nominal in
Euro unless
specified
Market
value
% of net
assets
France
Credit Agricole sr unsecur SerEMTN
1.459% /2009 (3) 5,000,000 5,000,000 1.56
Total for France 1.56
United Kingdom
Royal Bank of Scotland nts
1.46% 08/09/2009 (3) 2,000,000 2,000,000 0.63
Total for United Kingdom 0.63