Floating NAV money market funds require investors to consider and track different metrics when evaluating their holdings. When analyzing the performance of these funds, it is important to look at both income and price fluctuations, viewing these in a total return framework. The key concept is the tradeoff of NAV stability versus a potential for a higher return.
This tool is designed to help investors understand the potential risks and rewards of investing in Stable NAV funds versus Floating NAV funds by providing the ability to analyze various hypothetical yield and NAV movement scenarios. Please contact your Morgan Stanley Investment Management Relationship Manager with any questions.