Prime
Share Class :
 
MPMXX CUSIP: 61747C731 Fund Number: 8331
Prime
MPMXX CUSIP: 61747C731 Fund Number: 8331
Share Class :

Prime

SHARE CLASS :
MPMXX CUSIP: 61747C731 Fund Number: 8331
 
 
 
 
Investment Approach
The Morgan Stanley Institutional Liquidity Funds (MSILF) Prime Portfolio seeks preservation of capital, daily liquidity and maximum current income.
Investment Philosophy
We believe that a conservatively managed portfolio of liquid, high-quality money market instruments may offer the best means of maximizing 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 to maintain or improve creditworthiness, taking into consideration factors such as cash flow, asset quality, debt service coverage ratios and economic developments.
 
Fund Highlights

Security:

  • AAAm – S&P
  • 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

 

 
29
Weighted Average Maturity (Days)
84
Weighted Average Life (Days)
26.65
1-Day Liquidity (%)
40.19
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 01/31/2020 As of 12/31/2019
1 YR 3 YRS 5 YRS 10 YRS Since Inception
MPMXX (%) 0.00 0.00 0.05 0.03 1.07
1 YR 3 YRS 5 YRS 10 YRS Since Inception
MPMXX (%) 0.00 0.00 0.05 0.03 1.07
2019 2018 2017 2016 2015
MPMXX (%) 0.00 0.00 0.00 0.19 0.05
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 01/31/2020
TIMEFRAME MPMXX USD (%)
1 Yr 0.00
3 Yrs 0.00
5 Yrs 0.05
10 Yrs 0.03
Since Inception 1.07
As of 12/31/2019
TIMEFRAME MPMXX USD (%)
1 Yr 0.00
3 Yrs 0.00
5 Yrs 0.05
10 Yrs 0.03
Since Inception 1.07
TIMEFRAME MPMXX USD (%)
2019 0.00
2018 0.00
2017 0.00
2016 0.19
2015 0.05
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 %)
 
    Jan 2020 Dec 2019 Nov 2019 Oct 2019 Sep 2019 Aug 2019 Jul 2019 Jun 2019 May 2019 Apr 2019 Mar 2019 Feb 2019
MPMXX -- -- -- -- -- -- -- -- -- -- -- --
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
 
Daily/Weekly Liquid Assets

  Fund
Repurchase Agreements 35.06
Commercial Paper 33.57
Certificates of Deposit 18.57
Time Deposits 10.12
Corporate Notes 2.67

FUND
WAM 36
WAL 87

 
 

*The Portfolio 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 the Portfolio’s weekly liquid assets fall below certain thresholds.

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.

The cut-off times for purchase and redemptions will be 8AM, 12PM, and 3PM ET.

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.

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.

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).

Subject to change daily. Provided for informational purposes only and should not be deemed as a recommendation to buy or sell securities mentioned or securities in the industries shown above.

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.

Subsidized (Sub.) reflects current fee waivers in effect. Absent such fee waivers, the yield would have been lower. The Unsubsidized (Unsub.) does not reflect the fee waivers currently in effect. 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 7-day 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) – measures the weighted average of the maturities of the portfolio's individual holdings, taking into account reset dates for floating rate securities.

Weighted average life (WAL) – measures the weighted average of the maturities of the portfolio’s individual holdings.

Important Ratings Disclosures
Ratings represent the opinions of the rating agency as to the quality of the securities they rate. Standard & Poor's, Moody's, Fitch and NAIC ratings rate the investment quality of the fund's shares. Independent rating agency ratings include, but are not limited to, a regular analysis of a fund's liquidity, diversification, operational policies and internal controls, its management characteristics and the creditworthiness of its assets.

Ratings are not intended as a recommendation and are subject to change. Ratings are relative and subjective and are not absolute standards of quality. The portfolio's credit quality does not remove market risk.

Standard & Poor's money market fund ratings are forward-looking opinions about a fixed-income fund's capacity to maintain stable principal (net asset value). When assigning a principal stability rating to a fund, Standard & Poor's analysis focuses primarily on the creditworthiness of the fund's investments and counterparties, and also its investments maturity structure and management's ability and policies to maintain the fund's stable net asset value. For more information, please visit: http://www.understandingratings.com

Moody'