Liquidity Funds

Fund Type
Share Class

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 within the Performance tab 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.



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Funds
 
INDEX:
Daily Pricing
FUND NAME SHARE CLASS Price ($) Price
AS Of Date
Total Net Assets
($MM)
Total Net Assets
AS Of Date
Factcard
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MVRXX
Institutional 1.00
12/11/2018
48,447 12/11/2018 PDF
MGSXX
Institutional Select 1.00
12/11/2018
48,447 12/11/2018 PDF
MVVXX
Investor 1.00
12/11/2018
48,447 12/11/2018 PDF
MAYXX
Advisory 1.00
12/11/2018
48,447 12/11/2018 PDF
MPCXX
Participant 1.00
12/11/2018
48,447 12/11/2018 PDF
MGOXX
Administrative 1.00
12/11/2018
48,447 12/11/2018 PDF
MUIXX
Institutional 1.00
12/11/2018
3,453 12/11/2018 PDF
MSVXX
Institutional Select 1.00
12/11/2018
3,453 12/11/2018 PDF
MVIXX
Investor 1.00
12/11/2018
3,453 12/11/2018 PDF
MVAXX
Advisory 1.00
12/11/2018
3,453 12/11/2018 PDF
MGPXX
Participant 1.00
12/11/2018
3,453 12/11/2018 PDF
MGAXX
Administrative 1.00
12/11/2018
3,453 12/11/2018 PDF
MPUXX
Institutional 1.0004
12/11/2018
03:00 pm ET
2,006 12/11/2018 PDF
MMRXX
Institutional Select 1.0002
12/11/2018
03:00 pm ET
2,006 12/11/2018 PDF
MIOXX
Investor 1.0000
12/11/2018
03:00 pm ET
2,006 12/11/2018
--
MVSXX
Advisory 1.0006
12/11/2018
03:00 pm ET
2,006 12/11/2018 PDF
MMNXX
Participant 1.0002
12/11/2018
03:00 pm ET
2,006 12/11/2018 PDF
MANXX
Administrative 1.0000
12/11/2018
03:00 pm ET
2,006 12/11/2018
--
MPFXX
Institutional 1.0004
12/12/2018
12:00 noon ET
8,255 12/11/2018 PDF
MPEXX
Institutional Select 1.0003
12/12/2018
12:00 noon ET
8,255 12/11/2018 PDF
MPVXX
Investor 1.0000
12/12/2018
12:00 noon ET
8,255 12/11/2018
--
MAVXX
Advisory 1.0000
12/12/2018
12:00 noon ET
8,255 12/11/2018 PDF
MPNXX
Participant 1.0000
12/12/2018
12:00 noon ET
8,255 12/11/2018
--
MPMXX
Administrative 1.0000
12/12/2018
12:00 noon ET
8,255 12/11/2018
--
MTXXX
Institutional 1.0000
12/12/2018
01:00 pm ET
509 12/11/2018 PDF
MXSXX
Institutional Select 1.0000
12/12/2018
01:00 pm ET
509 12/11/2018 PDF
MXIXX
Investor 1.0000
12/12/2018
01:00 pm ET
509 12/11/2018
--
MADXX
Advisory 1.0000
12/12/2018
01:00 pm ET
509 12/11/2018
--
MXPXX
Participant 1.0000
12/12/2018
01:00 pm ET
509 12/11/2018
--
MXAXX
Administrative 1.0000
12/12/2018
01:00 pm ET
509 12/11/2018
--
MISXX
Institutional 1.00
12/11/2018
19,133 12/11/2018 PDF
MTSXX
Institutional Select 1.00
12/11/2018
19,133 12/11/2018 PDF
MTNXX
Investor 1.00
12/11/2018
19,133 12/11/2018 PDF
MAOXX
Advisory 1.00
12/11/2018
19,133 12/11/2018 PDF
MTCXX
Participant 1.00
12/11/2018
19,133 12/11/2018 PDF
MTTXX
Administrative 1.00
12/11/2018
19,133 12/11/2018 PDF
MSUXX
Institutional 1.00
12/11/2018
21,271 12/11/2018 PDF
MSSXX
Institutional Select 1.00
12/11/2018
21,271 12/11/2018 PDF
MNVXX
Investor 1.00
12/11/2018
21,271 12/11/2018 PDF
MVYXX
Advisory 1.00
12/11/2018
21,271 12/11/2018 PDF
MPRXX
Participant 1.00
12/11/2018
21,271 12/11/2018 PDF
MAMXX
Administrative 1.00
12/11/2018
21,271 12/11/2018 PDF
 
 

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).

DEFINITIONS
Current yield
 is a measure that looks at the current price of a bond instead of its face value and represents the return an investor would expect if he or she purchased the bond and held it for a year. Calculated by dividing the Annual Cash Inflows / Market Price. The effective yields are annualized net yields that describe 1-year earnings assuming dividends are reinvested at the average rate of the last 7 days. Weighted average maturity (WAM). Maturity measures the number of days remaining in the life of a bond. The weighted average maturity of the portfolio represents the market-weighted average of the maturities of the portfolio's individual holdings. Weighted average life (WAL). A measure of sensitivity to liquidity and/or credit risk. Weighted average life takes into account all call options exercised by the issuer as well as permissible maturity shortening devices such as demand features. The Net Asset Value (NAV) per share is determined by dividing the value of the fund's portfolio securities, cash and other assets, less all liabilities, by the total number of common shares outstanding. Total return assumes an investment at the beginning of the period, reinvestment of all distributions for the period in accordance with the fund's dividend reinvestment plan, and sale of all shares at the end of the period.

 

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.

 

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

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