Tax-Exempt
Share Class :
 
MTXXX CUSIP: 61747C640 Fund Number: 8306
Tax-Exempt
MTXXX CUSIP: 61747C640 Fund Number: 8306
Share Class :

Tax-Exempt

SHARE CLASS :
MTXXX CUSIP: 61747C640 Fund Number: 8306
 
 
 
 
Investment Approach
The Morgan Stanley Institutional Liquidity Funds (MSILF) Tax-Exempt Portfolio seeks to maximize current income exempt from federal income tax to the extent consistent with preservation of capital and maintenance of liquidity.
Investment Philosophy
We believe that a conservatively managed portfolio of liquid, high-quality tax-exempt money market instruments may maximize tax-free current income while preserving capital and liquidity.
Investment Process
The management team follows a multi-pronged investment process with respect to credit risk, interest rate risk and liquidity. Securities are reviewed on an ongoing basis taking into consideration factors such as economic developments, budgetary trends, cash flow, debt service coverage ratios and tax law changes. Exposure to guarantors and liquidity providers is monitored separately.
 
Fund Highlights

Security:

  • Aaa-mf - Moodys
  • AAAmmf – Fitch

The portfolio's credit quality does not remove market risk
 

Liquidity:

Competitive trading deadlines and same-day access

 

Yield:

Competitive rate of return

 

 
11
Weighted Average Maturity (Days)
18
Weighted Average Life (Days)
90.11
7-Day Liquidity (%)
 
 
Pricing & Performance

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. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. Yield quotation more closely reflects the current earnings of the Portfolio than the total return. For additional important information, please click here.

Average Annual Total Returns As of 05/31/2020 As of 03/31/2020
1 YR 3 YRS 5 YRS 10 YRS Since Inception
MTXXX (%) 1.17 1.16 0.83 0.43 1.04
1 YR 3 YRS 5 YRS 10 YRS Since Inception
MTXXX (%) 1.36 1.17 0.82 0.43 1.05
2019 2018 2017 2016 2015
MTXXX (%) 1.35 1.26 0.66 0.47 0.01
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. 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.
 
Average Annual Total Returns
As of 05/31/2020
TIMEFRAME MTXXX USD (%)
1 Yr 1.17
3 Yrs 1.16
5 Yrs 0.83
10 Yrs 0.43
Since Inception 1.04
As of 03/31/2020
TIMEFRAME MTXXX USD (%)
1 Yr 1.36
3 Yrs 1.17
5 Yrs 0.82
10 Yrs 0.43
Since Inception 1.05
TIMEFRAME MTXXX USD (%)
2019 1.35
2018 1.26
2017 0.66
2016 0.47
2015 0.01
Past performance is not indicative of future results.
 
 
Historical Shareholder Flows
 
Daily Net Shareholder Flows

Daily Market NAV
This is calculated as of end of day NAV.


Monthly Yields
 
(Average annualized monthly net yield %)
 
    May 2020 Apr 2020 Mar 2020 Feb 2020 Jan 2020 Dec 2019 Nov 2019 Oct 2019 Sep 2019 Aug 2019 Jul 2019 Jun 2019
MTXXX 0.11 0.47 2.40 0.98 0.87 1.11 0.98 1.20 1.27 1.25 1.30 1.56
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. Yields are subsidized and subject to change. For additional information, click here.
 
 
 
 
Composition
 
Weekly Liquid Assets

  Fund
Municipal Debt 100.00
  Fund
Weekly Variable Rate Demand Notes     85.94
Daily Variable Rate Demand Notes        39.04

FUND
WAM 14
WAL 15

 
 
Resources
Product Literature