Morgan Stanley Liquidity Funds

This is a Marketing Communication.

Past performance is not a reliable indicator of future results. Please click here for additional performance disclosures and important information, which should be reviewed carefully.

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Funds		Daily Pricing				Yields
FUND NAME	SHARE CLASS	AS Of Date	Net Asset Value (Per Share)	Fund Assets	Share Class Assets	AS Of Date	1-Day Net Current Yield (%)	7-Day Net Current Yield (%)	30-Day Net Current Yield (%)	Income Factor	Factsheet


ISIN: LU0875333444 Euro Liquidity Fund LVNAV	Institutional Distributing	01-Jun-2023	1.00 EUR	11.0 EUR Bn	1.6 EUR Bn	31-May-2023	3.08	3.08	3.01	0.000084348	EN
ISIN: LU0875334178 Euro Liquidity Fund LVNAV	Institutional Accumulating	01-Jun-2023	107.155902 EUR	11.0 EUR Bn	1.2 EUR Bn	31-May-2023	3.08	3.08	3.01	0.000000000	EN
ISIN: LU1959428894 Euro Liquidity Fund LVNAV	Institutional Accumulation D	01-Jun-2023	9,929.7870 EUR	11.0 EUR Bn	7.3 EUR Bn	31-May-2023	3.08	3.08	3.01	0.000000000	EN
ISIN: LU0875333527 Euro Liquidity Fund LVNAV	Institutional Select Distributing	01-Jun-2023	1.00 EUR	11.0 EUR Bn	0.01 EUR MM	31-May-2023	3.03	3.00	2.95	0.000083000	EN
ISIN: LU1959428977 Euro Liquidity Fund LVNAV	Institutional Select Accumulation D	01-Jun-2023	10,111.5324 EUR	11.0 EUR Bn	9.95 EUR MM	31-May-2023	3.03	3.03	2.96	0.000000000	EN
ISIN: LU1959429272 Euro Liquidity Fund LVNAV	Qualified Accumulation D	01-Jun-2023	9,926.3027 EUR	11.0 EUR Bn	10.58 EUR MM	31-May-2023	3.08	3.07	3.00	0.000000000	EN
ISIN: LU0904783973 Euro Liquidity Fund LVNAV	Qualified Distributing	01-Jun-2023	1.00 EUR	11.0 EUR Bn	0.01 EUR MM	31-May-2023	3.10	3.08	3.02	0.000085000	EN
ISIN: LU0875333956 Euro Liquidity Fund LVNAV	MS Reserve Distributing	01-Jun-2023	1.00 EUR	11.0 EUR Bn	762.19 EUR MM	31-May-2023	3.24	3.24	3.17	0.000088732	EN
ISIN: LU0875334764 Sterling Liquidity Fund LVNAV	Institutional Distributing	01-Jun-2023	1.00 GBP	6.2 GBP Bn	4.9 GBP Bn	31-May-2023	4.39	4.39	4.31	0.000120400	EN
ISIN: LU0875335498 Sterling Liquidity Fund LVNAV	Institutional Accumulating	01-Jun-2023	118.828866 GBP	6.2 GBP Bn	58.21 GBP MM	31-May-2023	4.40	4.39	4.31	0.000000000	EN
ISIN: LU1936284279 Sterling Liquidity Fund LVNAV	Institutional Plus Distributing	01-Jun-2023	1.00 GBP	6.2 GBP Bn	1.2 GBP Bn	31-May-2023	4.45	4.45	4.37	0.000122044	EN
ISIN: LU1936290169 Sterling Liquidity Fund LVNAV	Institutional Plus Accumulation	01-Jun-2023	103.0772 GBP	6.2 GBP Bn	5.58 GBP MM	31-May-2023	4.46	4.45	4.37	0.000000000	EN
ISIN: LU0875334848 Sterling Liquidity Fund LVNAV	Institutional Select Distributing	01-Jun-2023	1.00 GBP	6.2 GBP Bn	0.86 GBP MM	31-May-2023	4.34	4.34	4.26	0.000119038	EN
ISIN: LU0904784781 Sterling Liquidity Fund LVNAV	Qualified Distributing	01-Jun-2023	1.00 GBP	6.2 GBP Bn	47.16 GBP MM	31-May-2023	4.38	4.38	4.30	0.000120127	EN
ISIN: LU1959442614 US Dollar Liquidity Fund LVNAV	Capital Distributing	31-May-2023	1.00 USD	32.2 USD Bn	842.98 USD MM	31-May-2023	5.18	5.18	5.14	0.000142051	EN
ISIN: LU0875332040 US Dollar Liquidity Fund LVNAV	Institutional Distributing	31-May-2023	1.00 USD	32.2 USD Bn	24.7 USD Bn	31-May-2023	5.13	5.13	5.09	0.000140681	EN
ISIN: LU0875332800 US Dollar Liquidity Fund LVNAV	Institutional Accumulating	31-May-2023	117.968312 USD	32.2 USD Bn	1.2 USD Bn	31-May-2023	5.14	5.13	5.10	0.000000000	EN
ISIN: LU0875332123 US Dollar Liquidity Fund LVNAV	Institutional Select Distributing	31-May-2023	1.00 USD	32.2 USD Bn	20.47 USD MM	31-May-2023	5.08	5.08	5.04	0.000139311	EN
ISIN: LU1959442887 US Dollar Liquidity Fund LVNAV	NR Distributing	31-May-2023	1.00 USD	32.2 USD Bn	1.2 USD Bn	31-May-2023	5.23	5.23	5.19	0.000143420	EN
ISIN: LU1959442960 US Dollar Liquidity Fund LVNAV	NR Accumulation	31-May-2023	104.743350 USD	32.2 USD Bn	0.08 USD MM	31-May-2023	5.24	5.23	5.19	0.000000000	EN
ISIN: LU0904783460 US Dollar Liquidity Fund LVNAV	Qualified Accumulating	31-May-2023	110.365433 USD	32.2 USD Bn	3.2 USD Bn	31-May-2023	5.13	5.12	5.09	0.000000000	EN
ISIN: LU0904783114 US Dollar Liquidity Fund LVNAV	Qualified Distributing	31-May-2023	1.00 USD	32.2 USD Bn	882.34 USD MM	31-May-2023	5.12	5.12	5.08	0.000140407	EN
ISIN: LU1959443000 US Dollar Treasury Liquidity Fund PDCNAV	Capital Distributing	31-May-2023	1.00 USD	12.2 USD Bn	0.08 USD MM	31-May-2023	5.02	5.00	4.95	0.000137500	EN
ISIN: LU0875336629 US Dollar Treasury Liquidity Fund PDCNAV	Institutional Distributing	31-May-2023	1.00 USD	12.2 USD Bn	9.4 USD Bn	31-May-2023	4.97	4.95	4.90	0.000136045	EN
ISIN: LU0875336892 US Dollar Treasury Liquidity Fund PDCNAV	Institutional Select Distributing	31-May-2023	1.00 USD	12.2 USD Bn	141.18 USD MM	31-May-2023	4.92	4.90	4.85	0.000134676	EN
ISIN: LU1959443265 US Dollar Treasury Liquidity Fund PDCNAV	LF Distributing	31-May-2023	1.00 USD	12.2 USD Bn	63.69 USD MM	31-May-2023	5.11	5.09	5.04	0.000139881	EN
ISIN: LU1959443182 US Dollar Treasury Liquidity Fund PDCNAV	NR Distributing	31-May-2023	1.00 USD	12.2 USD Bn	229.80 USD MM	31-May-2023	5.07	5.05	5.00	0.000138785	EN
ISIN: LU1954527922 US Dollar Ultra-Short Income Fund VNAV	Institutional Distributing	31-May-2023	9.967 USD	270.19 USD MM	15.55 USD MM	31-May-2023	5.35	5.34	5.30	0.001462000	EN
ISIN: LU1954528656 US Dollar Ultra-Short Income Fund VNAV	Qualified Accumulating	31-May-2023	10,485.0769 USD	270.19 USD MM	68.31 USD MM	31-May-2023	5.34	5.33	5.29	0.000000000	EN
ISIN: LU1954528490 US Dollar Ultra-Short Income Fund VNAV	Qualified Distributing	31-May-2023	9.961 USD	270.19 USD MM	8.40 USD MM	31-May-2023	5.34	5.33	5.29	0.001458392	EN
ISIN: LU1954528573 US Dollar Ultra-Short Income Fund VNAV	Qualified A Distributing	31-May-2023	9.959 USD	270.19 USD MM	42.09 USD MM	31-May-2023	5.04	5.03	4.99	0.001376298	EN
ISIN: LU1954528730 US Dollar Ultra-Short Income Fund VNAV	Qualified A Accumulating	31-May-2023	10,397.2497 USD	270.19 USD MM	135.75 USD MM	31-May-2023	5.04	5.03	4.99	0.000000000	EN

Applications for shares in the Fund should not be made without first consulting the current Prospectus and the Key Information Document (KID) or Key Investor Information Document (“KIID”), which are available in English and in the official language of your local jurisdiction at www.morganstanley.com/im or free of charge from the Registered Office of Morgan Stanley Liquidity Funds, European Bank and Business Centre, 6B route de Trèves, L-2633 Senningerberg, R.C.S. Luxemburg B 29 192. A summary of investor rights is available in English at the same website.

Information in relation to sustainability aspects of the Fund and the summary of investor rights is available at the aforementioned website.

If the management company of the relevant Fund decides to terminate its arrangement for marketing that Fund in any EEA country where it is registered for sale, it will do so in accordance with the relevant UCITS rules.

Please visit our Glossary page for fund related terms and definitions.

Performance data quoted is based on average annualized returns and net of fee.

Performance data for funds with less than one year's track record is not shown. Performance is calculated net of fees. YTD performance data is not annualised. Performance of other share classes, when offered, may differ. Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing.

Past performance should not be construed as a guarantee of future performance. Performance of the Morgan Stanley Liquidity Funds is calculated net of fees. Returns may increase or decrease as a result of currency fluctuations.

It is important you read the legal information page before proceeding as it explains in which countries the Morgan Stanley Liquidity Funds are authorised for sale and where this website is directed.

The Funds are not a guaranteed investment and are different from an investment in deposits. The Funds do not rely on external support for guaranteeing the liquidity of the Fund or stabilising the NAV per share. The value of investments and the income from them may go down as well as up and you may not get back the amount you originally invested.

Each Fund is authorised to invest up to 100% of its assets in Money Market Instruments issued or guaranteed separately or jointly by a Sovereign Entity and by any other member states of the OECD and their central authorities or central banks subject to certain conditions. Please see Prospectus for further details.

WAM is the weighted average maturity of the portfolio. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities. By looking to a portfolio's interest rate reset schedule in lieu of final maturity dates, the WAM measure effectively captures a fund's exposure to interest rate movements and the potential price impact resulting from interest rate movements.

WAL is the weighted average life of the portfolio. The WAL calculation utilizes a security's stated final maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest (such as a put feature). Accordingly, WAL reflects how a portfolio would react to deteriorating credit (widening spreads) or tightening liquidity conditions.

Funds		Total Returns (%) TIMEFRAME: Daily Month Quarter
FUND NAME	SHARE CLASS	AS Of Date	YTD	1 Yr	3 Yrs	5 Yrs	10 Yrs	Since Inception	Inception Date


ISIN: LU0875333444 Euro Liquidity Fund LVNAV	Institutional Distributing	31-May-2023	--	--	--	--	--	--	14-Jun-2013	30-Apr-2023	0.63	--	--	--	--	--	14-Jun-2013	31-Mar-2023	0.40	--	--	--	--	--	14-Jun-2013
ISIN: LU0875334178 Euro Liquidity Fund LVNAV	Institutional Accumulating	31-May-2023	--	1.16	-0.03	-0.22	--	--	14-Jun-2013	30-Apr-2023	0.75	0.86	-0.13	-0.28	--	0.42	14-Jun-2013	31-Mar-2023	0.53	0.58	-0.22	-0.33	--	0.41	14-Jun-2013
ISIN: LU1959428894 Euro Liquidity Fund LVNAV	Institutional Accumulation D	31-May-2023	--	1.16	-0.03	--	--	--	18-Mar-2019	30-Apr-2023	0.75	0.86	-0.13	--	--	-0.23	18-Mar-2019	31-Mar-2023	0.53	0.58	-0.22	--	--	-0.29	18-Mar-2019
ISIN: LU0875333527 Euro Liquidity Fund LVNAV	Institutional Select Distributing	31-May-2023	--	--	--	--	--	--	24-Jun-2015	30-Apr-2023	0.61	--	--	--	--	--	24-Jun-2015	31-Mar-2023	0.39	--	--	--	--	--	24-Jun-2015
ISIN: LU1959428977 Euro Liquidity Fund LVNAV	Institutional Select Accumulation D	31-May-2023	--	1.14	0.59	--	--	--	18-Mar-2019	30-Apr-2023	0.74	2.86	0.50	--	--	0.21	18-Mar-2019	31-Mar-2023	0.52	2.58	0.41	--	--	0.16	18-Mar-2019
ISIN: LU1959429272 Euro Liquidity Fund LVNAV	Qualified Accumulation D	31-May-2023	--	1.16	-0.04	--	--	--	18-Mar-2019	30-Apr-2023	0.75	0.86	-0.13	--	--	-0.24	18-Mar-2019	31-Mar-2023	0.53	0.58	-0.22	--	--	-0.30	18-Mar-2019
ISIN: LU0904783973 Euro Liquidity Fund LVNAV	Qualified Distributing	31-May-2023	--	--	--	--	--	--	08-Jun-2018	30-Apr-2023	0.63	--	--	--	--	--	08-Jun-2018	31-Mar-2023	0.40	--	--	--	--	--	08-Jun-2018
ISIN: LU0875333956 Euro Liquidity Fund LVNAV	MS Reserve Distributing	31-May-2023	--	--	--	--	--	--	14-Jun-2013	30-Apr-2023	0.67	--	--	--	--	--	14-Jun-2013	31-Mar-2023	0.42	--	--	--	--	--	14-Jun-2013
ISIN: LU0875334764 Sterling Liquidity Fund LVNAV	Institutional Distributing	31-May-2023	--	2.39	0.86	0.76	--	--	14-Jun-2013	30-Apr-2023	1.26	2.46	0.87	0.77	--	1.72	14-Jun-2013	31-Mar-2023	0.92	2.16	0.76	0.71	--	1.71	14-Jun-2013
ISIN: LU0875335498 Sterling Liquidity Fund LVNAV	Institutional Accumulating	31-May-2023	--	2.77	0.98	0.83	--	--	14-Jun-2013	30-Apr-2023	1.24	2.48	0.87	0.77	--	1.06	14-Jun-2013	31-Mar-2023	0.92	2.22	0.77	0.71	--	1.05	14-Jun-2013
ISIN: LU1936284279 Sterling Liquidity Fund LVNAV	Institutional Plus Distributing	31-May-2023	--	2.45	0.89	--	--	--	01-Apr-2019	30-Apr-2023	1.28	2.52	0.90	--	--	0.84	01-Apr-2019	31-Mar-2023	0.94	2.22	0.79	--	--	0.77	01-Apr-2019
ISIN: LU1936290169 Sterling Liquidity Fund LVNAV	Institutional Plus Accumulation	31-May-2023	--	2.83	1.01	--	--	--	28-Apr-2020	30-Apr-2023	1.26	2.55	0.89	--	--	0.89	28-Apr-2020	31-Mar-2023	0.93	2.28	--	--	--	0.80	28-Apr-2020
ISIN: LU0875334848 Sterling Liquidity Fund LVNAV	Institutional Select Distributing	31-May-2023	--	2.35	0.84	0.72	--	--	26-Jun-2014	30-Apr-2023	1.25	2.41	0.84	0.73	--	0.55	26-Jun-2014	31-Mar-2023	0.91	2.11	0.74	0.67	--	0.51	26-Jun-2014
ISIN: LU0904784781 Sterling Liquidity Fund LVNAV	Qualified Distributing	31-May-2023	--	2.38	0.86	0.75	--	--	14-Jun-2013	30-Apr-2023	1.26	2.45	0.87	0.76	--	0.56	14-Jun-2013	31-Mar-2023	0.92	2.15	0.76	0.70	--	0.53	14-Jun-2013
ISIN: LU1959442614 US Dollar Liquidity Fund LVNAV	Capital Distributing	31-May-2023	1.56	3.20	1.13	--	--	1.33	01-Apr-2019	30-Apr-2023	1.56	3.27	1.14	--	--	1.36	01-Apr-2019	31-Mar-2023	1.15	2.88	1.02	--	--	1.29	01-Apr-2019
ISIN: LU0875332040 US Dollar Liquidity Fund LVNAV	Institutional Distributing	31-May-2023	1.55	3.16	1.10	1.46	--	1.42	14-Jun-2013	30-Apr-2023	1.55	3.22	1.11	1.49	--	1.42	14-Jun-2013	31-Mar-2023	1.14	2.83	0.99	1.44	--	1.41	14-Jun-2013
ISIN: LU0875332800 US Dollar Liquidity Fund LVNAV	Institutional Accumulating	31-May-2023	1.94	3.60	1.22	1.55	--	1.04	14-Jun-2013	30-Apr-2023	1.51	3.23	1.09	1.50	--	1.01	14-Jun-2013	31-Mar-2023	1.13	2.88	1.01	1.45	--	1.00	14-Jun-2013
ISIN: LU0875332123 US Dollar Liquidity Fund LVNAV	Institutional Select Distributing	31-May-2023	1.53	3.11	1.07	1.43	--	1.00	16-Jan-2014	30-Apr-2023	1.53	3.17	1.09	1.46	--	1.01	16-Jan-2014	31-Mar-2023	1.13	2.78	0.97	1.41	--	0.98	16-Jan-2014
ISIN: LU1959442887 US Dollar Liquidity Fund LVNAV	NR Distributing	31-May-2023	1.58	3.25	1.17	--	--	1.38	01-Apr-2019	30-Apr-2023	1.58	3.32	1.19	--	--	1.41	01-Apr-2019	31-Mar-2023	1.16	2.93	1.06	--	--	1.33	01-Apr-2019
ISIN: LU1959442960 US Dollar Liquidity Fund LVNAV	NR Accumulation	31-May-2023	1.99	3.71	1.30	--	--	1.33	25-Nov-2019	30-Apr-2023	1.54	3.33	1.17	--	--	1.23	25-Nov-2019	31-Mar-2023	1.15	2.98	1.08	--	--	1.14	25-Nov-2019
ISIN: LU0904783460 US Dollar Liquidity Fund LVNAV	Qualified Accumulating	31-May-2023	1.94	3.59	1.21	1.55	--	1.38	14-Mar-2016	30-Apr-2023	1.51	3.22	1.09	1.49	--	1.33	14-Mar-2016	31-Mar-2023	1.12	2.87	1.01	1.45	--	1.29	14-Mar-2016
ISIN: LU0904783114 US Dollar Liquidity Fund LVNAV	Qualified Distributing	31-May-2023	1.54	3.15	1.10	1.45	--	1.47	12-Apr-2018	30-Apr-2023	1.54	3.21	1.11	1.49	--	1.49	12-Apr-2018	31-Mar-2023	1.14	2.82	0.99	--	--	1.43	12-Apr-2018
ISIN: LU1959443000 US Dollar Treasury Liquidity Fund PDCNAV	Capital Distributing	31-May-2023	1.46	2.88	0.99	--	--	1.15	01-Apr-2019	30-Apr-2023	1.46	2.93	0.99	--	--	1.18	01-Apr-2019	31-Mar-2023	1.07	2.56	0.87	--	--	1.11	01-Apr-2019
ISIN: LU0875336629 US Dollar Treasury Liquidity Fund PDCNAV	Institutional Distributing	31-May-2023	1.44	2.83	0.97	1.27	--	0.55	14-Jun-2013	30-Apr-2023	1.44	2.88	0.97	1.30	--	0.56	14-Jun-2013	31-Mar-2023	1.06	2.51	0.84	1.24	--	0.53	14-Jun-2013
ISIN: LU0875336892 US Dollar Treasury Liquidity Fund PDCNAV	Institutional Select Distributing	31-May-2023	1.43	2.79	0.95	1.24	--	0.80	16-Jan-2014	30-Apr-2023	1.43	2.83	0.95	1.27	--	0.81	16-Jan-2014	31-Mar-2023	1.04	2.46	0.82	1.21	--	0.78	16-Jan-2014
ISIN: LU1959443265 US Dollar Treasury Liquidity Fund PDCNAV	LF Distributing	31-May-2023	1.49	2.97	1.04	--	--	1.21	01-Apr-2019	30-Apr-2023	1.49	3.03	1.05	--	--	1.24	01-Apr-2019	31-Mar-2023	1.09	2.65	0.92	--	--	1.17	01-Apr-2019
ISIN: LU1959443182 US Dollar Treasury Liquidity Fund PDCNAV	NR Distributing	31-May-2023	1.48	2.93	1.02	--	--	1.19	01-Apr-2019	30-Apr-2023	1.48	2.99	1.02	--	--	1.21	01-Apr-2019	31-Mar-2023	1.08	2.61	0.89	--	--	1.14	01-Apr-2019
ISIN: LU1954527922 US Dollar Ultra-Short Income Fund VNAV	Institutional Distributing	31-May-2023	1.71	3.47	1.35	--	--	1.46	25-Apr-2019	30-Apr-2023	1.69	3.55	1.44	--	--	1.48	25-Apr-2019	31-Mar-2023	1.22	3.15	1.56	--	--	1.39	25-Apr-2019
ISIN: LU1954528656 US Dollar Ultra-Short Income Fund VNAV	Qualified Accumulating	31-May-2023	2.14	3.93	1.49	--	--	1.38	11-Dec-2019	30-Apr-2023	1.66	3.54	1.43	--	--	1.27	11-Dec-2019	31-Mar-2023	1.22	3.17	1.56	--	--	1.17	11-Dec-2019
ISIN: LU1954528490 US Dollar Ultra-Short Income Fund VNAV	Qualified Distributing	31-May-2023	1.70	3.46	1.34	--	--	1.43	25-Apr-2019	30-Apr-2023	1.68	3.54	1.43	--	--	1.46	25-Apr-2019	31-Mar-2023	1.21	3.13	1.55	--	--	1.37	25-Apr-2019
ISIN: LU1954528573 US Dollar Ultra-Short Income Fund VNAV	Qualified A Distributing	31-May-2023	1.60	3.18	1.11	--	--	1.18	25-Apr-2019	30-Apr-2023	1.58	3.23	1.20	--	--	1.20	25-Apr-2019	31-Mar-2023	1.14	2.82	1.32	--	--	1.11	25-Apr-2019
ISIN: LU1954528730 US Dollar Ultra-Short Income Fund VNAV	Qualified A Accumulating	31-May-2023	2.01	3.62	1.26	--	--	1.13	11-Dec-2019	30-Apr-2023	1.56	3.23	1.20	--	--	1.03	11-Dec-2019	31-Mar-2023	1.15	2.86	1.33	--	--	0.93	11-Dec-2019

Funds		Statistics
FUND NAME	SHARE CLASS	WAM (Days)	WAL (Days)	AS Of Date	DAILY LIQUIDITY (%)	WEEKLY LIQUIDITY (%)	AS Of Date	Factsheet

Funds		Investment Universe
FUND NAME	SHARE CLASS	Government Obligations	Government Agency / Supranational Obligations	Money Market Instruments	Corporate Debt	Repurchase Agreements	Factsheet