Tax-Exempt Portfolio

Share Class :
TSXXX CUSIP: 61747C194 Fund Number: 8496
Tax-Exempt Portfolio
TSXXX CUSIP: 61747C194 Fund Number: 8496
Share Class :

Tax-Exempt Portfolio

TSXXX CUSIP: 61747C194 Fund Number: 8496

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


  • Aaa-mf - Moodys
  • AAAmmf – Fitch

The portfolio's credit quality does not remove market risk


Competitive trading deadlines and same-day access



Competitive rate of return


Weighted Average Maturity (Days)
Weighted Average Life (Days)
7-Day Liquidity (%)

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.

Historical Shareholder Flows
Daily Net Shareholder Flows