Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)
28 Septiembre 2023 - 8:58AM
Edgar (US Regulatory)
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report − July 31, 2023 (unaudited)
Portfolio of Investments
(Showing Percentage of Total Value of Investments)
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Fixed Income Securities (93.4%)
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Republic of Armenia Treasury Bond,
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9.75%, 10/29/50 - 10/29/52
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Benin Government International Bond,
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Brazil Notas do Tesouro Nacional,
Series F,
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Bonos de la Tesoreria de la Republica
en pesos,
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Colombia Government International
Bond,
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Financiera de Desarrollo Territorial SA
Findeter,
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Czech Republic Government Bond,
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Dominican Republic (6.8%)
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Dominican Republic Central Bank
Note,
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Dominican Republic International
Bond,
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8.00%, 1/15/27 - 3/12/27 (a)
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12.00%, 8/8/25 - 10/3/25 (a)
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El Salvador Government International
Bond,
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Honduras Government International
Bond,
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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report − July 31, 2023 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
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Jordan Government International
Bond,
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Malaysia Government Bond,
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8.50%, 5/31/29 - 11/18/38
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4.75%, 2/24/25 - 10/11/34
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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report − July 31, 2023 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
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Republic of South Africa Government
Bond,
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International Finance Corp.,
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Suriname Government International
Bond,
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Thailand Government Bond,
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1.60%, 12/17/29 - 6/17/35
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Uruguay Government International
Bond,
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Uruguay Monetary Regulation Bill,
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Uzbek Industrial & Construction Bank
ATB via Daryo Finance BV,
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Republic of Uzbekistan International
Bond,
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11.00%, 1/25/26 - 6/28/26
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12.00%, 6/28/28 - 11/29/28
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Total Fixed Income Securities (Cost $368,827)
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Short-Term Investments (6.3%)
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U.S. Treasury Security (1.7%)
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Total U.S. Treasury
Security (Cost $6,460)
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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report − July 31, 2023 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
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Investment Company (4.6%)
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Morgan Stanley Institutional Liquidity
Funds - Treasury Securities
Portfolio - Institutional
Class (d) (Cost $17,894)
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Total Short-Term Investments (Cost $24,354)
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TOTAL INVESTMENTS EXCLUDING PURCHASED
OPTIONS (105.2%)(COST $393,181)
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TOTAL PURCHASED OPTIONS OUTSTANDING
(0.3%) (COST $1,006)
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TOTAL INVESTMENTS (100%) (Cost $394,187)(e)(f)(g)
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LIABILITIES IN EXCESS OF OTHER ASSETS
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Country assignments and aggregations are based generally on third party vendor classifications and information, and may be different from the assignments and aggregations under the policies set forth in the Fund’s prospectus and/or statement of additional information relating to geographic classifications.
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Amount is less than 0.05%.
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144A security − Certain conditions for public sale may
exist. Unless otherwise noted, these securities are
deemed to be liquid.
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Multi-step — Coupon rate changes in predetermined
increments to maturity. Rate disclosed is as of July 31,
2023. Maturity date disclosed is the ultimate maturity
date.
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Rate shown is the yield to maturity at July 31, 2023.
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The Fund invests in the Institutional Class of the Morgan
Stanley Institutional Liquidity Funds - Treasury Securities
Portfolio - (the "Liquidity Funds"), an open-end management
investment company managed by the Adviser. Advisory
fees paid by the Fund are reduced by an amount equal to
its pro-rata share of the advisory and administration fees
paid by the Fund due to its investment in the Liquidity
Funds. For the nine months ended July 31, 2023 advisory
fees paid were reduced by approximately $16,000
relating to the Fund's investment in the Liquidity Funds.
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Securities are available for collateral in connection with
securities purchased on a forward commitment basis,
open foreign currency forward exchange contracts,
futures contracts and swap agreements.
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The Fund is permitted to purchase and sell securities
("cross-trade") from and to other Morgan Stanley Funds as
well as other funds and client accounts for which the
Adviser or an affiliate of the Adviser serves as investment
adviser, pursuant to procedures approved by
the Directorss in compliance with Rule 17a-7 under the Act
(the "Rule"). Each cross-trade is executed at the current
market price in compliance with provisions of the Rule. For
the nine months ended July 31, 2023, the Fund did not
engage in any cross-trade transactions.
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At July 31, 2023, the aggregate cost for federal income
tax purposes approximates the aggregate cost for book
purposes. The aggregate gross unrealized appreciation is
approximately $25,461,000 and the aggregate gross
unrealized depreciation is approximately $32,768,000,
resulting in net unrealized depreciation of approximately
$7,307,000.
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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report − July 31, 2023 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
Foreign Currency Forward Exchange Contracts:
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The Fund had the following foreign currency forward exchange contracts open at July 31, 2023:
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Contracts
to Deliver
(000)
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Unrealized
Appreciation
(Depreciation)
(000)
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Australia & New Zealand Banking Group Ltd.
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Australia & New Zealand Banking Group Ltd.
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Australia & New Zealand Banking Group Ltd.
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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report − July 31, 2023 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
Foreign Currency Forward Exchange Contracts: (cont'd)
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Contracts
to Deliver
(000)
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Unrealized
Appreciation
(Depreciation)
(000)
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Goldman Sachs International
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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report − July 31, 2023 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
Foreign Currency Forward Exchange Contracts: (cont'd)
|
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Contracts
to Deliver
(000)
|
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Unrealized
Appreciation
(Depreciation)
(000)
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State Street Bank and Trust Co.
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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report − July 31, 2023 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
Foreign Currency Forward Exchange Contracts: (cont'd)
|
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Contracts
to Deliver
(000)
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|
Unrealized
Appreciation
(Depreciation)
(000)
|
State Street Bank and Trust Co.
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State Street Bank and Trust Co.
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State Street Bank and Trust Co.
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State Street Bank and Trust Co.
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State Street Bank and Trust Co.
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State Street Bank and Trust Co.
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The Fund had the following call options purchased open at July 31, 2023:
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Unrealized
Appreciation
(000)
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The Fund had the following put options purchased open at July 31, 2023:
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Unrealized
Appreciation
(000)
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The Fund had the following call options written open at July 31, 2023:
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Unrealized
Appreciation
(000)
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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report − July 31, 2023 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
|
|
The Fund had the following futures contracts open at July 31, 2023:
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Unrealized
Appreciation
(000)
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U.S. Treasury 10 yr. Note (United States)
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Interest Rate Swap Agreement:
|
The Fund had the following interest rate swap agreement open at July 31, 2023:
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Pay/
Receive
Floating
Rate
|
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Payment
Frequency
Paid/
Received
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|
Upfront
Payment
Paid
(Received)
(000)
|
Unrealized
Appreciation
(Depreciation)
(000)
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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report − July 31, 2023 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
Interest Rate Swap Agreement: (cont'd)
|
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|
|
Pay/
Receive
Floating
Rate
|
|
Payment
Frequency
Paid/
Received
|
|
|
|
Upfront
Payment
Paid
(Received)
(000)
|
Unrealized
Appreciation
(Depreciation)
(000)
|
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|
Semi-
Annual/
Semi-Annual
|
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Semi-
Annual/
Semi-Annual
|
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Semi-
Annual/
Semi-Annual
|
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Semi-
Annual/
Semi-Annual
|
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— Chinese Yuan Renminbi Offshore
|
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report − July 31, 2023 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
|
|
|
|
Percentage of
Total Investments
|
|
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|
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|
Industries and/or investment types representing less than 5% of total
investments.
|
|
|
Does not include open long/short futures contracts with a value of
approximately $223,000 and net unrealized appreciation of approximately
$1,000. Does not include open foreign currency forward exchange
contracts with net unrealized depreciation of approximately $2,067,000.
Also does not include open swap agreements with net unrealized
depreciation of approximately $399,000.
|
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
July 31, 2023 (unaudited)
Notes to Portfolio of Investments
Security Valuation: (1) Fixed income securities may be valued by an outside pricing service/vendor approved by the Fund’s Board of Directors ("the Directors"). The pricing service/vendor may employ a pricing model that takes into account, among other things,
bids, yield spreads and/or other market data and specific security characteristics. If Morgan stanley Investment Management Inc.
(the "Adviser") or Morgan Stanley Investment Management Limited ("MSIM Limited")(the "Sub-Adviser"), each a wholly-owned subsidiary
of Morgan stanley, determines that the price provided by the outside pricing service/ vendor does not reflect the security’s fair value or is unable to provide a price, prices from brokers/dealers may also be utilized. In these circumstances, the value of the security
will be the mean of bid and asked prices obtained from brokers/dealers; (2) when market quotations are not readily available, as defined
by Rule 2a-5 under the Act, including circumstances under which the Adviser or the Sub- Adviser determines that the closing price,
last sale price or the mean between the last reported bid and asked prices are not reflective of a security’s market value, portfolio securities are valued at their fair value as determined in good faith under procedures approved by and under the general supervision
of the Directors. Occasionally, developments affecting the closing prices of securities and other assets may occur between the times
at which valuations of such securities are determined (that is, close of the foreign market on which the securities trade) and the
close of business of the New York Stock Exchange (“NYSE”). If developments occur during such periods that are expected to materially affect the value of such securities, such valuations may be adjusted to reflect the estimated fair value of such securities as of the close
of the NYSE, as determined in good faith by the Directors, Adviser or the Sub-Adviser by using a pricing service and/or procedures approved
by the Directors; (3) listed options are valued at the last reported sales price on the exchange on which they are listed (or at
the exchange official closing price if such exchange reports an official closing price). If an official closing price or last reported
sales price is unavailable, the listed option should be fair valued at the mean between its latest bid and ask prices. Unlisted options are
valued at the mean between their latest bid and ask prices from a broker/ dealer or valued by a pricing service/vendor; (4) futures are
valued at the settlement price on the exchange on which they trade or, if a settlement price is unavailable, at the last sale price on the
exchange; (5) over-the-counter (“OTC”) swaps may be valued by an outside pricing service approved by the Directors or quotes from a broker/dealer. Swaps cleared on a clearinghouse or exchange may be valued using the closing price provided by the clearinghouse or exchange;
(6) foreign exchange transactions (“spot contracts”) and foreign exchange forward contracts (“forward contracts”) are valued daily using an independent pricing vendor at the spot and forward rates, respectively, as of the close of the NYSE; and (7) investments
in mutual funds, including the Morgan Stanley Institutional Liquidity Funds, are valued at the net asset value as of the close of each
business day.
In connection with Rule 2a-5 of the Act, the Directors have designated the Fund’s Adviser as its valuation designee. The valuation designee has responsibility for determining fair value and to make the actual calculations pursuant to the fair valuation
methodologies previously approved by the Directors. Under procedures approved by the Directors, the Fund’s Adviser, as valuation designee, has formed a Valuation Committee whose members are approved by the Directors. The Valuation Committee provides administration
and oversight of the Fund’s valuation policies and procedures, which are reviewed at least annually by the Directors. These procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market
sources to determine fair value.
Fair Value Measurement: Financial Accounting Standards Board (“FASB”) Accounting Standards CodificationTM ("ASC") 820, "Fair Value Measurement" (“ASC 820”), defines fair value as the price that would be received to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 establishes a three-tier hierarchy to
distinguish between (1) inputs that reflect the assumptions market participants would use in valuing an asset or liability developed based
on market
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
July 31, 2023 (unaudited)
Notes to Portfolio of Investments (cont'd)
data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting
entity's own assumptions about the assumptions market participants would use in valuing an asset or liability developed based on the best
information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements
for disclosure purposes. Various inputs are used in determining the value of the Fund's investments. The inputs are summarized in the three
broad levels listed below:
•
Level 1 – unadjusted quoted prices in active markets for identical investments
•
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 – significant unobservable inputs including the Fund’s own assumptions in determining the fair value of investments. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the
issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuer's financial statements
or other available documents and, if necessary, available information concerning other securities in similar circumstances.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing
in those securities and the determination of the significance of a particular input to the fair value measurement in its entirety requires
judgment and considers factors specific to each security.
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
July 31, 2023 (unaudited)
Notes to Portfolio of Investments (cont'd)
The following is a summary of the inputs used to value the Fund’s investments as of July 31, 2023:
|
|
Level 1
Unadjusted
Quoted
Prices
(000)
|
Level 2
Other
Significant
Observable
Inputs
(000)
|
Level 3
Significant
Unobservable
Inputs
(000)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Fixed Income Securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
|
|
|
|
|
Foreign Currency Forward Exchange Contracts
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Swap Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign Currency Forward Exchange Contracts
|
|
|
|
|
Interest Rate Swap Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment’s valuation changes.
Morgan Stanley Emerging ... (NYSE:EDD)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024
Morgan Stanley Emerging ... (NYSE:EDD)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024
