The Morgan Stanley Institutional Fund Trust (MSIFT) Ultra-Short Municipal Income Portfolio seeks current income exempt from federal income tax and capital preservation while maintaining liquidity.
We believe that a conservative ultra-short municipal bond fund offers a compelling strategy that seeks to deliver current income exempt from federal income tax while maintaining a focus on preserving capital and liquidity.
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 on their ability to maintain creditworthiness taking into consideration factors such as cash flow, asset quality, debt service coverage ratios and economic developments. Additionally, exposure to guarantors and liquidity providers is monitored separately as are the various diversification requirements. The team manages the Portfolio's assets in an attempt to reduce credit or interest rate risks.