Floating NAV Hypothetical Calculator
 

Floating net asset value (NAV) funds require investors to consider and track both yield and NAV fluctuations in order to estimate how many days it will take to reach a breakeven against their initial investment.

To help evaluate this, we have designed a hypothetical tool to simulate how various yield and NAV fluctuation scenarios influence the breakeven point. This calculator provides analysis based on your input.

Please contact the Morgan Stanley sales desk at 1-855-332-5306 or info@morganstanley.com with any questions.

Your hypothetical initial investment amount
10
2,000
 
The yield of stable NAV investment product
0.00
3.00
The yield of floating NAV investment product
0.00
3.00
The NAV at purchase date (only applicable for floating NAV investment product)
9.95
10.05
Your hypothetical value
9.95
10.05

This tool is provided for illustrative purposes only regarding the potential results given assumed rates of rate and NAV fluctuations. These are hypothetical and are not meant to depict the performance of specific investments.

There is no assurance that the hypothetical investment scenarios shown will be attained.

This webpage has been provided solely for information and educational purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy.

The hypothetical scenarios presented are based on the information you have provided and have not been based on a consideration of any individual client circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. To that end, investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.

Income is based on a simple interest calculation with dividends being paid out in cash and not reinvested.

Net Asset Value (NAV) is the dollar value of a single mutual fund share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. It is calculated at the end of each business day.

STABLE NAV FUNDS
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Funds may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Funds' liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Funds' sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

FLOATING NAV FUNDS
You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Funds' sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

Please consider the investment objectives, risks, charges and expenses of the portfolios carefully before investing. The prospectus contains this and other information about the portfolios. To obtain a prospectus, download one at www.morganstanley.com/liquidity or call 1.800.236.0992. Please read the prospectus carefully before investing.

Morgan Stanley Investment Management (MSIM) is the asset management division of Morgan Stanley.

It is important that users read the Terms of Use before proceeding as it explains certain legal and regulatory restrictions applicable to the dissemination of information pertaining to Morgan Stanley Investment Management's investment products.

The services described on this website may not be available in all jurisdictions or to all persons. For further details, please see our Terms of Use.

Not FDIC Insured—Offer No Bank Guarantee—May Lose Value
Not Insured By Any Federal Government Agency—Not A Deposit

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