Products & Performance Liquidity Funds Tax-Exempt

Tax-Exempt

Share Class :
 
MADXX CUSIP: 61747C657 Fund Number: 8346
Products & Performance Liquidity Funds Tax-Exempt
Tax-Exempt
MADXX CUSIP: 61747C657 Fund Number: 8346
Share Class :

Tax-Exempt

SHARE CLASS :
MADXX CUSIP: 61747C657 Fund Number: 8346
 
 
 
 
Fund Facts
Inception Date: 02/02/2004
NAV ($):*
as of 01:00 pm ET 01/21/2021 		1.0000
Daily Net Shareholder Flows ($):
as of 01/21/2021 		-875,073
Dividends Declared:

Daily
Purchase Deadline:* 1 PM ET
Redemption Deadline:* 1 PM ET
Daily Fund Statistics
as of 01/21/2021
Fund Assets ($MM): 295
7-Day Current Yield Subsidized (%): 0.00
7-Day Current Yield Unsubsidized (%): 0.00
30-Day Effective Yield Subsidized (%): 0.00
30-Day Effective Yield Unsubsidized (%): 0.00
Weekly Liquid Assets (%):2
as of 01/20/2021 		75.86
Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. Yields are subject to change. For additional important information, please click here
Fees, Expenses & Minimums
Minimum Initial Investment ($): 10,000,000
Management Fee (%): 0.15
Net Expense Ratio (%): 0.45
Gross Expense Ratio (%): 0.52
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

 
 
21
Weighted Average Maturity (Days)
28
Weighted Average Life (Days)
75.86
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 12/31/2020 As of 12/31/2020
 
 TIMEFRAME:
 
1 YR 3 YRS 5 YRS 10 YRS Since Inception
MADXX (%) 0.00 0.00 0.06 0.04 0.68
1 YR 3 YRS 5 YRS 10 YRS Since Inception
MADXX (%) 0.00 0.00 0.06 0.04 0.68
2020 2019 2018 2017 2016
MADXX (%) 0.00 0.00 0.00 0.00 0.32
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 12/31/2020
TIMEFRAME MADXX USD (%)
1 Yr 0.00
3 Yrs 0.00
5 Yrs 0.06
10 Yrs 0.04
Since Inception 0.68
As of 12/31/2020
TIMEFRAME MADXX USD (%)
1 Yr 0.00
3 Yrs 0.00
5 Yrs 0.06
10 Yrs 0.04
Since Inception 0.68
TIMEFRAME MADXX USD (%)
2020 0.00
2019 0.00
2018 0.00
2017 0.00
2016 0.32
Past performance is not indicative of future results.
 
 
Historical Shareholder Flows
 
Daily Net Shareholder Flows
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Daily Market NAV
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This is calculated as of end of day NAV.


Monthly Yields
 
(Average annualized monthly net yield %)
 
    Dec 2020 Nov 2020 Oct 2020 Sep 2020 Aug 2020 Jul 2020 Jun 2020 May 2020 Apr 2020 Mar 2020 Feb 2020 Jan 2020
MADXX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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.