Liquidity Funds

 
ALL
Government
Prime
Tax-Exempt
Treasury
IN X
Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent month-end performance figures, please select the "month" timeframe or call 1-800-236-0992. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. For additional important information, please click here.
Yield quotations more closely reflect current earnings of the money market fund than total return quotations. Yields are subject to change.
For additional information about our Money Market Funds, click here.

 
Funds
 
INDEX:
FUND NAME
SHARE CLASS
Daily Pricing
as of 10/19/2017
Price ($)
Price
AS Of Date
Total Net Assets ($MM)
Yields
as of 10/19/2017
1-Day Yield (%)
7-Day Yield (%)
7-Day Effective
Yield (%)
30-Day Effective
Yield (%)
Income Factor
Total Returns (%)
as of 10/19/2017
as of 09/30/2017
as of 09/30/2017
TIMEFRAME:
YTD
1 Yrs
3 Yrs
5 Yrs
10 Yrs
Since Inception
Inception Date
Expense Ratio (%)
 
NET
GROSS
Statistics
 
WAM
(Days)
WAL
(Days)
1-Day Liquidity
(%)
7-Day Liquidity
(%)
Investment Universe
 
Treasury Obligations
Government Agency Obligations
Domestic Commercial Paper and Bank Obligations
Foreign Commercial Paper and Bank Obligations
Short-Term Corporate Obligations
Repurchase Agreements
Taxable Municipal Obligations
Tax-Exempt Municipal Obligations
MVRXX
Institutional
MSGXX
Cash Management
MSDXX
Select
MUIXX
Institutional
MGPXX
Participant
MCHXX
Cash Management
MPUXX
Institutional
MSHXX
Cash Management
MPFXX
Institutional
MSPXX
Cash Management
MTXXX
Institutional
MTMXX
Cash Management
MISXX
Institutional
MREXX
Cash Management
MSTXX
Select
MSUXX
Institutional
MHSXX
Cash Management
MSEXX
Select
1.00
10/19/2017
47,251
0.87
0.87
0.87
0.87
0.000025173
0.92
0.92
0.92
0.91
0.000025173
0.56
0.63
0.30
0.20
0.45
1.34
08/09/2004
0.52
0.60
0.28
0.19
0.47
1.34
08/09/2004
0.52
0.60
0.28
0.19
0.47
1.34
08/09/2004
0.20
0.21
12
81
45.81
68.91
--
--
--
--
--
1.00
10/19/2017
47,251
0.72
0.72
0.72
0.72
0.000021063
0.77
0.77
0.77
0.76
0.000021063
0.44
0.48
0.21
0.14
--
0.14
08/14/2008
0.40
0.45
0.19
0.13
--
0.13
08/14/2008
0.40
0.45
0.19
0.13
--
0.13
08/14/2008
0.35
0.36
12
81
45.81
68.91
--
--
--
--
--
1.00
10/19/2017
47,251
0.07
0.07
0.07
0.06
0.000003400
0.12
0.12
0.12
0.11
0.000003400
0.03
0.04
--
--
--
0.03
03/31/2016
0.03
0.03
--
--
--
0.02
03/31/2016
0.03
0.03
--
--
--
0.02
03/31/2016
1.00
1.01
12
81
45.81
68.91
--
--
--
--
--
--
--
--
1.00
10/19/2017
18,293
0.86
0.86
0.86
0.86
0.000024139
0.88
0.88
0.89
0.89
0.000024139
0.53
0.58
0.24
0.15
--
0.23
03/19/2008
0.48
0.54
0.23
0.14
--
0.22
03/19/2008
0.48
0.54
0.23
0.14
--
0.22
03/19/2008
0.20
0.21
17
75
32.68
62.75
--
--
--
--
--
--
1.00
10/19/2017
18,293
0.36
0.36
0.36
0.36
0.000017285
0.63
0.63
0.63
0.64
0.000017285
0.33
0.34
0.12
0.08
--
0.14
03/19/2008
0.29
0.30
0.11
0.07
--
0.14
03/19/2008
0.29
0.30
0.11
0.07
--
0.14
03/19/2008
0.45
0.71
17
75
32.68
62.75
--
--
--
--
--
--
1.00
10/19/2017
18,293
0.71
0.71
0.71
0.71
0.000020033
0.73
0.73
0.73
0.74
0.000020033
0.41
0.43
0.15
0.10
--
0.10
07/21/2008
0.37
0.39
0.14
0.09
--
0.10
07/21/2008
0.37
0.39
0.14
0.09
--
0.10
07/21/2008
0.35
0.36
17
75
32.68
62.75
--
--
--
--
--
--
1.0004
10/19/2017
03:00 pm ET
635
1.04
1.04
1.04
1.04
0.000034008
1.24
1.24
1.24
1.24
0.000034008
0.88
1.03
0.53
0.35
0.63
1.47
02/02/2004
0.82
1.00
0.51
0.34
0.66
1.47
02/02/2004
0.82
1.00
0.51
0.34
0.66
1.47
02/02/2004
0.20
0.22
17
61
44.87
45.50
1.0001
10/19/2017
03:00 pm ET
635
0.89
0.89
0.89
0.89
0.000029891
1.09
1.09
1.09
1.09
0.000029891
0.76
0.86
0.38
0.23
0.48
1.24
08/15/2005
0.71
0.82
0.36
0.22
0.50
1.24
08/15/2005
0.71
0.82
0.36
0.22
0.50
1.24
08/15/2005
0.35
0.37
17
61
44.87
45.50
1.0005
10/19/2017
03:00 pm ET
4,832
1.13
1.13
1.14
1.14
0.000033241
1.21
1.22
1.22
1.22
0.000033241
0.88
1.03
0.49
0.32
0.59
1.44
02/02/2004
0.82
1.01
0.47
0.31
0.62
1.44
02/02/2004
0.82
1.01
0.47
0.31
0.62
1.44
02/02/2004
0.20
0.21
20
67
44.25
44.25
--
1.0003
10/19/2017
03:00 pm ET
4,832
0.98
0.98
0.98
0.99
0.000029124
1.06
1.07
1.07
1.07
0.000029124
0.76
0.88
0.37
0.23
--
0.20
08/14/2008
0.70
0.84
0.36
0.22
--
0.20
08/14/2008
0.70
0.84
0.36
0.22
--
0.20
08/14/2008
0.35
0.36
20
67
44.25
44.25
--
1.0000
10/19/2017
01:00 pm ET
166
0.16
0.12
0.12
0.15
0.000020118
0.73
0.72
0.72
0.73
0.000020118
0.48
0.56
0.32
0.20
0.41
1.01
02/02/2004
0.44
0.56
0.31
0.19
0.42
1.01
02/02/2004
0.44
0.56
0.31
0.19
0.42
1.01
02/02/2004
0.20
0.48
7
7
--
96.29
--
--
--
--
--
--
--
1.0000
10/19/2017
01:00 pm ET
166
0.01
-0.03
-0.03
0.00
0.000016009
0.58
0.57
0.57
0.58
0.000016009
0.36
0.41
0.24
0.15
0.31
0.82
08/15/2005
0.33
0.41
0.23
0.14
0.33
0.82
08/15/2005
0.33
0.41
0.23
0.14
0.33
0.82
08/15/2005
0.35
0.63
7
7
--
96.29
--
--
--
--
--
--
--
1.00
10/19/2017
15,178
0.87
0.87
0.87
0.86
0.000025225
0.92
0.92
0.92
0.91
0.000025225
0.55
0.61
0.27
0.18
0.34
1.23
08/09/2004
0.50
0.57
0.26
0.17
0.36
1.23
08/09/2004
0.50
0.57
0.26
0.17
0.36
1.23
08/09/2004
0.20
0.21
7
61
75.41
94.87
--
--
--
--
--
--
1.00
10/19/2017
15,178
0.72
0.72
0.72
0.71
0.000021117
0.77
0.77
0.77
0.76
0.000021117
0.43
0.46
0.18
0.12
0.27
1.04
08/15/2005
0.39
0.42
0.17
0.11
0.29
1.04
08/15/2005
0.39
0.42
0.17
0.11
0.29
1.04
08/15/2005
0.35
0.36
7
61
75.41
94.87
--
--
--
--
--
--
1.00
10/19/2017
15,178
0.07
0.07
0.07
0.05
0.000003200
0.12
0.11
0.11
0.10
0.000003200
0.03
0.04
--
--
--
0.03
03/31/2016
0.03
0.03
--
--
--
0.02
03/31/2016
0.03
0.03
--
--
--
0.02
03/31/2016
1.00
1.01
7
61
75.41
94.87
--
--
--
--
--
--
--
--
1.00
10/19/2017
18,699
0.86
0.86
0.86
0.85
0.000024020
0.88
0.87
0.88
0.86
0.000024020
0.52
0.57
0.24
0.15
--
0.09
10/07/2008
0.48
0.54
0.23
0.14
--
0.09
10/07/2008
0.48
0.54
0.23
0.14
--
0.09
10/07/2008
0.20
0.21
28
84
99.73
99.73
--
--
--
--
--
--
--
1.00
10/19/2017
18,699
0.71
0.71
0.71
0.70
0.000019910
0.73
0.72
0.72
0.71
0.000019910
0.40
0.42
0.15
0.10
--
0.06
10/07/2008
0.36
0.39
0.14
0.09
--
0.05
10/07/2008
0.36
0.39
0.14
0.09
--
0.05
10/07/2008
0.35
0.36
28
84
99.73
99.73
--
--
--
--
--
--
--
1.00
10/19/2017
18,699
0.06
0.06
0.06
0.05
0.000002000
0.07
0.07
0.07
0.06
0.000002000
0.02
0.02
--
--
--
0.02
03/31/2016
0.02
0.02
--
--
--
0.02
03/31/2016
0.02
0.02
--
--
--
0.02
03/31/2016
1.00
1.01
28
84
99.73
99.73
--
--
--
--
--
--
--
--
 
 

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

Where the net expense ratio is lower than the gross expense ratio, certain fees have been waived and/or expenses reimbursed. These waivers and/or reimbursements will continue for at least one year from the date of the applicable fund’s current prospectus (unless otherwise noted in the applicable prospectus) or until such time as the fund's Board of Directors /Trustees acts to discontinue all or a portion of such waivers and/or reimbursements. Absent such waivers and/or reimbursements, returns would have been lower. Expenses are based on the fund's current prospectus.

The Prime, Money Market, and Tax Exempt Portfolios will be required to price and transact in their shares at a floating net asset value (“NAV”) and will be permitted to impose a liquidity fee on redemptions or temporarily restrict redemptions in the event that these Portfolio’s weekly liquid assets fall below certain thresholds.

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. 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.

Total assets used in the calculation of Daily Liquid Assets and Weekly Liquid Assets may include interest receivables as well as other assets, like prepaid expenses. If these interest receivables and other assets were not reflected, the Daily Liquid Assets and/or Weekly Liquid Assets would be higher.

Yields reflect the reimbursements or waivers of certain expenses. For non-subsidized yield information, please click on the View Non-Subsidized Yields link above the chart. Non-subsidized yields reflect what the yield would have been had a fee and/or expense waiver not been in place during the period shown.

Amended rule 2a-7(a)(8) (defining “daily liquid asset” to mean (i) cash; (ii) direct obligations of the U.S. Government; and (iii) securities that will mature or are subject to a demand feature that is exercisable and payable within one business day).

Amended rule 2a-7(a)(32) (defining “weekly liquid assets” to mean (i) cash; (ii) direct obligations of the U.S. Government; (iii) Government securities issued by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States, that are issued at a discount to the principal amount to be repaid at maturity and have a remaining maturity of 60 days or less; and (iv) securities that will mature or are subject to a demand feature that is exercisable and payable within five business days).

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.

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 Distribution, Inc. serves as distributor for the Morgan Stanley Institutional Liquidity Funds.

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

 
 

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.

 

Tracking error and information ratio are calculated using the Portfolio's Blended Index (added October 2, 2013), as this is a better representation of the Portfolio's global multi-asset strategy. The investment team manages the Portfolio relative to this Blended Index.

 

Excess return versus Custom Benchmark is calculated using the Portfolio's Blended Index based on the period since it was added as a benchmark on October 2, 2013.

 

NTM = Next Twelve Months

 

LTM = Last Twelve Months

 

Because the Portfolio had not commenced operations as of the most recent fiscal year end, no portfolio turnover rate is available for the Portfolio.

 

The Reorganization occurred on January 6, 2015. The inception date reflects the inception date of the Private Fund.

 

Global equities is represented by the MSCI All Country World Index.

 

Net exposure % calculated as [(MV of long cash security and derivative positions)-(absolute value of MV in short derivative positions)]/(portfolio MV)

 

Gross exposure % calculated as [(MV of long cash security and derivative positions)+(absolute value of MV in short derivative positions)]/(portfolio MV).

 

Fixed income net and gross exposure is duration adjusted (U.S. Treasury 10-Year equivalents)

 

Security ratings disclosed above have been obtained from Standard & Poor's Ratings Group ("S&P"). S&P's credit ratings express its opinion about the ability and willingness of an issuer to meet its financial obligations in full and on time.'AAA' is the highest rating. Any rating below 'BBB-' rating is considered non-investment grade. Ratings are relative and subjective and are not absolute standards of quality. Ratings apply only to the underlying holdings of the portfolio and does not remove market risk. "NR" or "Not Rated" indicates that no rating has been requested, that there is insufficient information on which to base a rating, or that S&P does not rate a particular obligation as a matter of policy. Futures are not rated.

 

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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