Li Mm Wk Holdings.Pdf

Morgan Stanley Institutional Liquidity Funds Portfolio Holdings

FUND NAME: ESG MONEY MARKET PORTFOLIO UNAUDITED HOLDINGS AS OF SEPTEMBER 24, 2021 | WAM 29 DAYS | WAL 51 DAYS | NET ASSETS: 3,373,063,839

EFFECTIVE FINAL MATURITY % of MARKET INVESTMENT CATEGORY ISSUER CUSIP PRINCIPAL AMOUNT COUPON RATE ⁽¹⁾ MATURITY DATE ⁽²⁾ DATE⁽³⁾ MARKET VALUE VALUE Asset Backed Commercial Paper Collateralized Commercial Paper V Co. 19424JFA9 $ 40,000,000 0.200% 06/10/22 06/10/22 $ 39,948,776 1.22%

Certificate of Deposit Bank of America NA 06050TMY5 75,000,000 0.210 09/27/21 07/08/22 75,011,368 2.28%

Certificate of Deposit Bank of Montreal 06367C2Z9 30,000,000 0.244 12/15/21 12/15/21 30,008,734 0.91%

Certificate of Deposit Oversea Chinese Banking Corporation 69033MVM6 25,000,000 0.200 11/05/21 11/05/21 25,003,234 0.76% Ltd. Certificate of Deposit Royal Bank of Canada 78012UZC2 25,000,000 0.232 12/16/21 12/16/21 25,007,356 0.76%

Certificate of Deposit Skandinaviska Enskilda Banken AB 83050PSB6 13,000,000 0.200 02/18/22 02/18/22 13,004,556 0.40%

Certificate of Deposit Toronto Dominion Bank 89120DSR1 20,000,000 0.250 09/27/21 02/16/22 20,010,631 0.61%

Financial Company Commercial Paper Barclays Bank PLC 06742XMU8 130,000,000 0.150 12/14/21 12/14/21 129,964,315 3.95%

Financial Company Commercial Paper Barclays Bank PLC 06742XTF4 35,000,000 0.140 12/20/21 12/20/21 34,988,567 1.07%

Financial Company Commercial Paper BNG Bank N.V. Discount Commercial 09657RX51 70,000,000 0.070 10/05/21 10/05/21 69,998,717 2.13% Paper

Financial Company Commercial Paper BPCE SA 05571BZ14 25,000,000 0.200 12/01/21 12/01/21 24,995,372 0.76%

Financial Company Commercial Paper Canadian Imperial Bank of Commerce 13608AZ74 50,000,000 0.200 12/07/21 12/07/21 49,991,880 1.52%

Financial Company Commercial Paper Canadian Imperial Bank of Commerce 13608AZG4 25,000,000 0.200 12/16/21 12/16/21 24,994,928 0.76%

Financial Company Commercial Paper Credit Industriel ET Commercial 22536LWW6 100,000,000 0.070 09/30/21 09/30/21 99,998,767 3.04%

Financial Company Commercial Paper Macquarie Bank Ltd. 55607KYF7 25,225,000 0.180 11/15/21 11/15/21 25,220,810 0.77%

Page 1 of 5 Financial Company Commercial Paper Mizuho Bank Ltd. 60689PY83 45,000,000 0.180 11/08/21 11/08/21 44,994,094 1.37%

Financial Company Commercial Paper National Australia Bank Ltd. 63254GQR9 75,000,000 0.250 09/27/21 04/22/22 75,042,808 2.28%

Financial Company Commercial Paper Oversea Chinese Banking Corporation 69034AY55 25,000,000 0.200 11/05/21 11/05/21 24,997,696 0.76% Ltd.

Financial Company Commercial Paper Royal Bank of Canada 78013VYW6 65,000,000 0.300 11/30/21 11/30/21 64,990,685 1.98%

Financial Company Commercial Paper Royal Bank of Canada 78014XGK7 40,000,000 0.226 12/14/21 12/14/21 40,012,099 1.22%

Financial Company Commercial Paper Sumitomo Mitsui Trust Bank Ltd. 86564XA46 100,000,000 0.180 01/04/22 01/04/22 99,969,683 3.04%

Financial Company Commercial Paper Sumitomo Mitsui Trust Bank Ltd. 86564XA53 47,300,000 0.180 01/05/22 01/05/22 47,285,384 1.44%

Financial Company Commercial Paper Suncorp-Metway Ltd. 8672E2Y36 10,000,000 0.180 11/03/21 11/03/21 9,997,278 0.30%

Financial Company Commercial Paper Svenska Handelsbanken AB 86960JZ81 40,000,000 0.300 12/08/21 12/08/21 39,993,750 1.22%

Financial Company Commercial Paper Svenska Handelsbanken AB 86960JZM0 25,000,000 0.280 12/21/21 12/21/21 24,995,417 0.76%

Financial Company Commercial Paper Svenska Handelsbanken AB 86960LCA6 20,000,000 0.196 12/14/21 12/14/21 20,005,060 0.61%

Financial Company Commercial Paper UBS AG London 90276JMK9 11,000,000 0.290 09/27/21 04/05/22 11,000,750 0.34%

Financial Company Commercial Paper UBS AG London 90276JMS2 25,000,000 0.240 09/27/21 06/15/22 25,003,432 0.76%

Financial Company Commercial Paper UBS AG London 90276JMT0 10,000,000 0.240 09/27/21 06/16/22 10,001,456 0.31%

Financial Company Commercial Paper UBS AG London 90276JMY9 10,000,000 0.240 03/30/22 03/30/22 10,001,548 0.31%

Financial Company Commercial Paper UBS AG London 90276JNA0 10,000,000 0.240 09/27/21 07/13/22 10,001,199 0.30%

Financial Company Commercial Paper UBS AG London 90276JMR4 50,000,000 0.200 09/27/21 06/14/22 50,007,890 1.52%

Financial Company Commercial Paper United Overseas Bank Ltd. 91127PYP0 30,000,000 0.300 11/23/21 11/23/21 29,995,750 0.91%

Non-Financial Company Commercial Paper Nestle Finance France S.A. 64106GWU3 31,050,000 0.100 09/28/21 09/28/21 31,049,841 0.95%

Non-Negotiable Time Deposit Canadian Imperial Bank of Commerce 50,000,000 0.070 09/27/21 09/27/21 50,000,000 1.52%

Non-Negotiable Time Deposit DNB Bank ASA (New York Branch) 160,000,000 0.060 09/27/21 09/27/21 160,000,000 4.87%

Non-Negotiable Time Deposit ING Bank NV 124,000,000 0.070 09/27/21 09/27/21 124,000,000 3.77%

Non-Negotiable Time Deposit Mizuho Bank Ltd. 120,000,000 0.070 09/27/21 09/27/21 120,000,000 3.65%

Non-Negotiable Time Deposit National Bank of Canada (Montreal 150,000,000 0.060 09/27/21 09/27/21 150,000,000 4.56% Branch)

Non-Negotiable Time Deposit Natixis (New York Branch) 47,000,000 0.060 09/27/21 09/27/21 47,000,000 1.43%

Page 2 of 5 Non-Negotiable Time Deposit Skandinaviska Enskilda Banken AB 150,000,000 0.070 09/27/21 09/27/21 150,000,000 4.56%

Other Instrument BPCE SA 05578DAW2 31,446,000 2.750 12/02/21 12/02/21 31,591,657 0.96%

Other Instrument BPCE SA 05578AAR9 9,002,000 0.487 09/27/21 02/17/22 9,014,464 0.27%

Other Instrument UBS AG London 902674YA2 18,584,000 1.750 04/21/22 04/21/22 18,728,437 0.57%

Other Repurchase Agreement, if any collateral falls ABN Amro Securities LLC 70,000,000 0.220 09/27/21 09/27/21 70,000,000 2.13% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls Bank of America Securities, Inc. 75,000,000 0.420 09/27/21 11/28/21 75,000,000 2.28% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls BMO Capital Markets Corp. 15,000,000 0.220 10/01/21 10/01/21 15,000,000 0.46% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls BMO Capital Markets Corp. 100,000,000 0.170 09/27/21 09/27/21 100,000,000 3.04% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls BNP Paribas 55,000,000 0.360 12/20/21 12/20/21 55,000,000 1.67% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls BNP Paribas Prime Brokerage, Inc. 40,000,000 0.420 10/27/21 10/27/21 40,000,000 1.22% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls BNP Paribas Prime Brokerage, Inc. 50,000,000 0.340 09/27/21 09/27/21 50,000,000 1.52% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls ING Financial Markets LLC 25,000,000 0.150 09/27/21 09/27/21 25,000,000 0.76% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls JP Morgan Securities LLC 110,000,000 0.290 09/27/21 10/01/21 110,000,000 3.35% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls RBC Capital Markets LLC 20,000,000 0.150 09/29/21 09/29/21 20,000,000 0.61% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls Scotia Capital USA, Inc. 100,000,000 0.420 09/27/21 09/27/21 100,000,000 3.04% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls Societe Generale 55,000,000 0.220 09/27/21 09/27/21 55,000,000 1.67% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls Societe Generale 50,000,000 0.190 09/27/21 10/01/21 50,000,000 1.52% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls Societe Generale 30,000,000 0.190 09/27/21 10/01/21 30,000,000 0.91% outside Treasury, Government Agency and cash

Page 3 of 5 Other Repurchase Agreement, if any collateral falls Societe Generale 32,000,000 0.150 09/27/21 09/27/21 32,000,000 0.97% outside Treasury, Government Agency and cash

Other Repurchase Agreement, if any collateral falls TD Securities USA LLC 90,000,000 0.140 09/27/21 09/27/21 90,000,000 2.74% outside Treasury, Government Agency and cash

U.S. Government Agency Repurchase Agreement, ABN Amro Securities LLC 152,000,000 0.050 09/27/21 09/27/21 152,000,000 4.63% collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash

Total Market Value $ 3,286,828,389 100.00%

Net Assets ⁽⁴⁾ $ 3,373,063,839

Institutional Funds Contact Details: Telephone Number: 1.800.236.0992 Email: [email protected] Website: www.morganstanley.com/liquidity

Effective October 31, 2019, the Fund’s principal investment strategies has changed to reflect a focus on ESG sensitive investing. The Fund name has changed from MSILF Money Market Portfolio to the MSILF ESG Money Market Portfolio. Please refer to the fund’s prospectus for further information on these changes.

(1) The coupon rate shown reflects the effective rate as of the date on this report. (2) The date shown reflects the lower of the stated maturity date or the next interest rate reset date, which are used to calculate the portfolio's weighted average maturity (WAM). (3) The date shown reflects the lower of the stated final maturity date or the next demand feature date, which are used to calculate the portfolio's weighted average life (WAL). (4) Net Assets - The term used by an investment company to designate the access of the fair value of securities owned, cash, receivables, and other assets over the liabilities of the company.

Weighted average maturity (WAM) – measures the weighted average of the maturities of the portfolio's individual holdings, taking into account reset dates for floating rate securities.

Weighted average life (WAL) – measures the weighted average of the maturities of the portfolio’s individual holdings.

Subject to change daily. Provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned or securities in the industries shown above.

There is no assurance that a portfolio will achieve its investment objective. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the portfolio will decline and that the value of portfolio shares may therefore be less than what you paid for them. Market values can change daily due to economic and other events (e.g. natural disasters, health crises, terrorism, conflicts and social unrest) that affect markets, countries, companies or governments. It is difficult to predict the timing, duration, and potential adverse effects (e.g. portfolio liquidity) of events.

FLOATING NET ASSET VALUE (NAV) FUNDS You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Funds’ sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

Page 4 of 5 Please consider the investment objectives, risks, charges and expenses of the portfolios carefully before investing. The prospectus contains this and other information about the portfolios. To obtain a prospectus, download one at www.morganstanley.com/liquidity or call 1.800.236.0992. Please read the prospectus carefully before investing.

Morgan Stanley is a full service securities firm engaged in securities trading and brokerage activities, investment banking, research and analysis, financing and financial advisory services.

NOT FDIC INSURED | OFFER NO BANK GUARANTEE | MAY LOSE VALUE | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | NOT A DEPOSIT

3668752 Exp: 07/31/2022

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