Products & Performance Liquidity Funds Tax-Exempt

Tax-Exempt

Share Class :
 
MTXXX CUSIP: 61747C640 Fund Number: 8306
Products & Performance Liquidity Funds Tax-Exempt
Tax-Exempt
MTXXX CUSIP: 61747C640 Fund Number: 8306
Share Class :

Tax-Exempt

SHARE CLASS :
MTXXX CUSIP: 61747C640 Fund Number: 8306
 

 
 
Fund Facts
Inception Date: 02/02/2004
NAV ($):*
as of 01:00 pm ET 12/08/2023 		1.0000
Daily Net Shareholder Flows ($):
as of 12/08/2023 		-1,269,315
Dividends Declared:

Daily
Purchase Deadline:* 1 PM ET
Redemption Deadline:* 1 PM ET
Daily Fund Statistics
as of 12/08/2023
Fund Assets ($MM): 526
7-Day Current Yield Subsidized (%): 2.98
7-Day Current Yield Unsubsidized (%): 2.91
30-Day Effective Yield Subsidized (%): 3.29
30-Day Effective Yield Unsubsidized (%): 3.21
Weekly Liquid Assets (%):
as of 12/07/2023 		81.25
Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. Yields are subject to change. For additional important information, please click here
Fees, Expenses & Minimums
Minimum Initial Investment ($): 10,000,000
Management Fee (%): 0.15
Net Expense Ratio (%): 0.20
Gross Expense Ratio (%): 0.39
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

 
 
16
Weighted Average Maturity (Days)
19
Weighted Average Life (Days)
81.25
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 11/30/2023 As of 09/30/2023
 
 TIMEFRAME:
 
1 YR 3 YRS 5 YRS 10 YRS Since Inception
MTXXX (%) 3.10 1.28 1.15 0.80 1.05
1 YR 3 YRS 5 YRS 10 YRS Since Inception
MTXXX (%) 2.83 1.08 1.08 0.74 1.03
2022 2021 2020 2019 2018
MTXXX (%) 0.99 0.00 0.44 1.35 1.26
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 11/30/2023
TIMEFRAME MTXXX USD (%)
1 Yr 3.10
3 Yrs 1.28
5 Yrs 1.15
10 Yrs 0.80
Since Inception 1.05
As of 09/30/2023
TIMEFRAME MTXXX USD (%)
1 Yr 2.83
3 Yrs 1.08
5 Yrs 1.08
10 Yrs 0.74
Since Inception 1.03
TIMEFRAME MTXXX USD (%)
2022 0.99
2021 0.00
2020 0.44
2019 1.35
2018 1.26
Past performance is not indicative of future results.
 
 
Historical Shareholder Flows
 
Daily Net Shareholder Flows
Download