We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Morgan Stanley Emerging Market Debt Fund Inc | NYSE:MSD | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.01 | -0.14% | 7.37 | 7.40 | 7.35 | 7.35 | 73,464 | 21:00:04 |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Portfolio of Investments
(Showing Percentage of Total Value of Investments)
Face Amount | Value | |||||||
(000) | (000) | |||||||
FIXED INCOME SECURITIES (96.6%) | ||||||||
Albania (2.1%) | ||||||||
Sovereign (2.1%) | ||||||||
Albania Government International Bond, | ||||||||
3.50%, 10/9/25 | EUR | 324 | $ | 331 | ||||
5.90%, 6/9/28 | 2,562 | 2,644 | ||||||
2,975 | ||||||||
Angola (1.1%) | ||||||||
Sovereign (1.1%) | ||||||||
Angolan Government International Bond, | ||||||||
8.75%, 4/14/32 | $ | 1,900 | 1,532 | |||||
Argentina (0.9%) | ||||||||
Sovereign (0.9%) | ||||||||
Argentine Republic Government International Bond, | ||||||||
1.00%, 7/9/29 | 500 | 140 | ||||||
3.50%, 7/9/41 (a) | 800 | 207 | ||||||
4.25%, 1/9/38 (a) | 3,400 | 1,004 | ||||||
1,351 | ||||||||
Armenia (0.2%) | ||||||||
Corporate Bond (0.2%) | ||||||||
Ardshinbank CJSC Via Dilijan Finance BV, | ||||||||
6.50%, 1/28/25 | 300 | 296 | ||||||
Bahrain (2.4%) | ||||||||
Sovereign (2.4%) | ||||||||
Bahrain Government International Bond, | ||||||||
5.45%, 9/16/32 | 1,720 | 1,502 | ||||||
5.63%, 5/18/34 | 1,000 | 858 | ||||||
7.00%, 10/12/28 | 900 | 915 | ||||||
7.50%, 9/20/47 | 200 | 178 | ||||||
3,453 | ||||||||
Barbados (1.4%) | ||||||||
Sovereign (1.4%) | ||||||||
Barbados Government International Bond, | ||||||||
6.50%, 10/1/29 | 2,109 | 1,970 | ||||||
Benin (1.9%) | ||||||||
Sovereign (1.9%) | ||||||||
Benin Government International Bond, | ||||||||
4.88%, 1/19/32 | EUR | 400 | 315 | |||||
4.95%, 1/22/35 | 580 | 422 | ||||||
6.88%, 1/19/52 | 2,930 | 2,076 | ||||||
2,813 | ||||||||
Brazil (4.5%) | ||||||||
Corporate Bonds (4.5%) | ||||||||
Coruripe Netherlands BV, | ||||||||
10.00%, 2/10/27 | $ | 1,250 | 917 | |||||
FORESEA Holding SA, | ||||||||
7.50%, 6/15/30 | 730 | 687 | ||||||
Guara Norte Sarl, | ||||||||
5.20%, 6/15/34 | 619 | 528 | ||||||
Hidrovias International Finance Sarl, | ||||||||
4.95%, 2/8/31 | 1,000 | 803 | ||||||
MC Brazil Downstream Trading Sarl, | ||||||||
7.25%, 6/30/31 | 1,150 | 883 | ||||||
Minerva Luxembourg SA, | ||||||||
8.88%, 9/13/33 (b) | 1,210 | 1,203 | ||||||
MV24 Capital BV, | ||||||||
6.75%, 6/1/34 | 678 | 599 | ||||||
Natura &Co. Luxembourg Holdings Sarl, | ||||||||
6.00%, 4/19/29 | 171 | 157 | ||||||
Natura Cosmeticos SA, | ||||||||
4.13%, 5/3/28 | 69 | 59 | ||||||
Samarco Mineracao SA, | ||||||||
5.75%, 10/24/23 (c)(d) | 750 | 591 | ||||||
6,427 | ||||||||
Bulgaria (0.2%) | ||||||||
Corporate Bond (0.2%) | ||||||||
Bulgarian Energy Holding EAD, | ||||||||
2.45%, 7/22/28 | EUR | 330 | 293 | |||||
Burkina Faso (0.8%) | ||||||||
Corporate Bond (0.8%) | ||||||||
Endeavour Mining PLC, | ||||||||
5.00%, 10/14/26 | $ | 1,280 | 1,146 | |||||
Chile (2.6%) | ||||||||
Corporate Bonds (1.3%) | ||||||||
AES Andes SA, | ||||||||
7.13%, 3/26/79 | 970 | 916 | ||||||
Liberty Latin America Ltd., | ||||||||
2.00%, 7/15/24 | 451 | 426 |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Portfolio of Investments (cont’d)
(Showing Percentage of Total Value of Investments)
Face Amount | Value | |||||||
(000) | (000) | |||||||
Corporate Bonds (cont’d) | ||||||||
VTR Comunicaciones SpA, | ||||||||
4.38%, 4/15/29 | $ | 422 | $ | 234 | ||||
5.13%, 1/15/28 | 385 | 217 | ||||||
1,793 | ||||||||
Sovereign (1.3%) | ||||||||
Chile Government International Bond, | ||||||||
2.45%, 1/31/31 | 200 | 165 | ||||||
2.55%, 7/27/33 | 1,390 | 1,071 | ||||||
3.50%, 1/25/50 | 990 | 662 | ||||||
1,898 | ||||||||
3,691 | ||||||||
China (1.3%) | ||||||||
Corporate Bonds (1.3%) | ||||||||
KWG Group Holdings Ltd., | ||||||||
7.88%, 8/30/24 (c)(d) | 654 | 59 | ||||||
Longfor Group Holdings Ltd., | ||||||||
3.85%, 1/13/32 | 338 | 144 | ||||||
Meituan, | ||||||||
0.00%, 4/27/27 | 900 | 798 | ||||||
Shimao Group Holdings Ltd., | ||||||||
5.60%, 7/15/26 | 1,783 | 62 | ||||||
Sunac China Holdings Ltd., | ||||||||
8.35%, 4/19/23 (c)(d) | 1,080 | 163 | ||||||
Times China Holdings Ltd., | ||||||||
5.55%, 6/4/24 (c)(d) | 2,015 | 71 | ||||||
6.75%, 7/16/23 (c)(d) | 410 | 14 | ||||||
Yuexiu REIT MTN Co. Ltd., | ||||||||
2.65%, 2/2/26 | 629 | 542 | ||||||
1,853 | ||||||||
Colombia (2.2%) | ||||||||
Corporate Bonds (2.2%) | ||||||||
ABRA Global Finance | ||||||||
6.00% Cash, 5.50% PIK, | ||||||||
11.50%, 3/2/28 (b)(e) | 771 | 619 | ||||||
Aris Mining Corp., | ||||||||
6.88%, 8/9/26 | 1,150 | 920 | ||||||
Avianca Midco 2 PLC, | ||||||||
9.00%, 12/1/28 | 430 | 367 | ||||||
Canacol Energy Ltd., | ||||||||
5.75%, 11/24/28 | 827 | 657 | ||||||
SierraCol Energy Andina LLC, | ||||||||
6.00%, 6/15/28 | 733 | 584 | ||||||
3,147 | ||||||||
Costa Rica (0.9%) | ||||||||
Corporate Bond (0.6%) | ||||||||
Liberty Costa Rica Senior Secured Finance, | ||||||||
10.88%, 1/15/31 (b) | 860 | 863 | ||||||
Sovereign (0.3%) | ||||||||
Costa Rica Government International Bond, | ||||||||
6.55%, 4/3/34 | 440 | 429 | ||||||
1,292 | ||||||||
Dominican Republic (2.3%) | ||||||||
Sovereign (2.3%) | ||||||||
Dominican Republic International Bond, | ||||||||
4.88%, 9/23/32 | 900 | 733 | ||||||
5.88%, 1/30/60 | 800 | 575 | ||||||
6.00%, 7/19/28 (b) | 600 | 572 | ||||||
6.85%, 1/27/45 (b) | 900 | 769 | ||||||
7.45%, 4/30/44 (b) | 800 | 733 | ||||||
3,382 | ||||||||
Egypt (1.8%) | ||||||||
Sovereign (1.8%) | ||||||||
Egypt Government International Bond, | ||||||||
4.75%, 4/16/26 | EUR | 480 | 356 | |||||
5.25%, 10/6/25 (b) | $ | 440 | 340 | |||||
5.75%, 5/29/24 | 400 | 372 | ||||||
6.38%, 4/11/31 (b) | EUR | 800 | 473 | |||||
6.88%, 4/30/40 | $ | 121 | 63 | |||||
7.50%, 2/16/61 | 1,000 | 508 | ||||||
7.90%, 2/21/48 (b) | 490 | 253 | ||||||
8.88%, 5/29/50 | 390 | 213 | ||||||
2,578 | ||||||||
El Salvador (1.0%) | ||||||||
Sovereign (1.0%) | ||||||||
El Salvador Government International Bond, | ||||||||
5.88%, 1/30/25 | 99 | 90 | ||||||
6.38%, 1/18/27 | 700 | 574 |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Portfolio of Investments (cont’d)
(Showing Percentage of Total Value of Investments)
Face Amount | Value | |||||||
(000) | (000) | |||||||
Sovereign (cont’d) | ||||||||
7.63%, 2/1/41 | $ | 463 | $ | 318 | ||||
7.65%, 6/15/35 | 40 | 28 | ||||||
8.25%, 4/10/32 | 572 | 457 | ||||||
1,467 | ||||||||
Ethiopia (1.0%) | ||||||||
Sovereign (1.0%) | ||||||||
Ethiopia International Bond, | ||||||||
6.63%, 12/11/24 | 2,230 | 1,449 | ||||||
Gabon (0.2%) | ||||||||
Sovereign (0.2%) | ||||||||
Gabon Government International Bond, | ||||||||
6.95%, 6/16/25 (b) | 400 | 358 | ||||||
Georgia (0.4%) | ||||||||
Corporate Bond (0.4%) | ||||||||
TBC Bank JSC, | ||||||||
10.78%, 10/3/24 (f) | 540 | 529 | ||||||
Ghana (2.3%) | ||||||||
Corporate Bonds (0.9%) | ||||||||
Kosmos Energy Ltd., | ||||||||
7.50%, 3/1/28 | 413 | 371 | ||||||
7.75%, 5/1/27 | 315 | 292 | ||||||
Tullow Oil PLC, | ||||||||
10.25%, 5/15/26 | 656 | 571 | ||||||
1,234 | ||||||||
Sovereign (1.4%) | ||||||||
Ghana Government International Bond, | ||||||||
6.38%, 2/11/27 (c)(d) | 360 | 161 | ||||||
7.63%, 5/16/29 (c)(d) | 200 | 89 | ||||||
7.75%, 4/7/29 (c)(d) | 205 | 91 | ||||||
8.13%, 3/26/32 (c)(d) | 215 | 95 | ||||||
8.63%, 4/7/34 (c)(d) | 649 | 289 | ||||||
8.63%, 6/16/49 (c)(d) | 2,229 | 954 | ||||||
8.75%, 3/11/61 (c)(d) | 408 | 175 | ||||||
8.88%, 5/7/42 (c)(d) | 486 | 208 | ||||||
2,062 | ||||||||
3,296 | ||||||||
Guatemala (0.7%) | ||||||||
Sovereign (0.7%) | ||||||||
Guatemala Government Bond, | ||||||||
3.70%, 10/7/33 | 600 | 462 | ||||||
4.65%, 10/7/41 (b) | 400 | 297 | ||||||
6.13%, 6/1/50 (b) | 380 | 329 | ||||||
1,088 | ||||||||
Honduras (0.1%) | ||||||||
Sovereign (0.1%) | ||||||||
Honduras Government International Bond, | ||||||||
6.25%, 1/19/27 | 150 | 142 | ||||||
Hungary (2.2%) | ||||||||
Corporate Bond (0.6%) | ||||||||
OTP Bank Nyrt, | ||||||||
8.75%, 5/15/33 | 810 | 805 | ||||||
Sovereign (1.6%) | ||||||||
Hungary Government International Bond, | ||||||||
5.38%, 9/12/33 | EUR | 196 | 200 | |||||
6.25%, 9/22/32 (b) | $ | 2,150 | 2,101 | |||||
2,301 | ||||||||
3,106 | ||||||||
India (1.6%) | ||||||||
Corporate Bonds (1.4%) | ||||||||
Indiabulls Housing Finance Ltd., | ||||||||
4.50%, 9/28/26 | 567 | 517 | ||||||
JSW Steel Ltd., | ||||||||
5.05%, 4/5/32 | 940 | 755 | ||||||
Vedanta Resources Finance II PLC, | ||||||||
13.88%, 1/21/24 | 800 | 717 | ||||||
1,989 | ||||||||
Sovereign (0.2%) | ||||||||
Export-Import Bank of India, | ||||||||
5.50%, 1/18/33 (b) | 400 | 384 | ||||||
2,373 | ||||||||
Indonesia (4.0%) | ||||||||
Corporate Bonds (1.3%) | ||||||||
APL Realty Holdings Pte. Ltd., | ||||||||
5.95%, 6/2/24 | 510 | 396 | ||||||
Minejesa Capital BV, | ||||||||
4.63%, 8/10/30 | 1,706 | 1,522 | ||||||
1,918 |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Portfolio of Investments (cont’d)
(Showing Percentage of Total Value of Investments)
Face Amount | Value | |||||||
(000) | (000) | |||||||
Sovereign (2.7%) | ||||||||
Indonesia Government International Bond, | ||||||||
4.65%, 9/20/32 | $ | 1,400 | $ | 1,312 | ||||
4.85%, 1/11/33 | 1,940 | 1,850 | ||||||
5.13%, 1/15/45 (b) | 800 | 725 | ||||||
3,887 | ||||||||
5,805 | ||||||||
Iraq (0.3%) | ||||||||
Sovereign (0.3%) | ||||||||
Iraq International Bond, | ||||||||
5.80%, 1/15/28 | 445 | 413 | ||||||
Ivory Coast (2.6%) | ||||||||
Sovereign (2.6%) | ||||||||
Ivory Coast Government International Bond, | ||||||||
4.88%, 1/30/32 | EUR | 900 | 727 | |||||
6.63%, 3/22/48 | 2,867 | 2,092 | ||||||
6.88%, 10/17/40 | 1,128 | 887 | ||||||
3,706 | ||||||||
Jamaica (0.6%) | ||||||||
Corporate Bond (0.6%) | ||||||||
Digicel International Finance Ltd./Digicel international Holdings Ltd., | ||||||||
8.75%, 5/25/24 | $ | 1,000 | 902 | |||||
Jordan (0.8%) | ||||||||
Sovereign (0.8%) | ||||||||
Jordan Government International Bond, | ||||||||
7.38%, 10/10/47 (b) | 750 | 621 | ||||||
7.50%, 1/13/29 | 300 | 293 | ||||||
7.75%, 1/15/28 | 292 | 292 | ||||||
1,206 | ||||||||
Kazakhstan (0.8%) | ||||||||
Sovereign (0.8%) | ||||||||
Kazakhstan Government International Bond, | ||||||||
6.50%, 7/21/45 | 1,100 | 1,122 | ||||||
Kenya (1.0%) | ||||||||
Sovereign (1.0%) | ||||||||
Republic of Kenya Government International Bond, | ||||||||
8.00%, 5/22/32 | 1,800 | 1,404 | ||||||
Kuwait (0.5%) | ||||||||
Sovereign (0.5%) | ||||||||
Kuwait International Government Bond, | ||||||||
3.50%, 3/20/27 | 720 | 683 | ||||||
Lebanon (0.2%) | ||||||||
Sovereign (0.2%) | ||||||||
Lebanon Government International Bond, | ||||||||
6.85%, 3/23/27 - 5/25/29 (c)(d) | 2,870 | 236 | ||||||
Macedonia (2.9%) | ||||||||
Sovereign (2.9%) | ||||||||
North Macedonia Government International Bond, | ||||||||
1.63%, 3/10/28 | EUR | 2,165 | 1,866 | |||||
6.96%, 3/13/27 | 2,092 | 2,257 | ||||||
4,123 | ||||||||
Mexico (5.1%) | ||||||||
Corporate Bonds (3.3%) | ||||||||
Banco Mercantil del Norte SA, | ||||||||
7.63%, 12/31/99 (f) | $ | 213 | 196 | |||||
8.38%, 10/14/30 (f) | 254 | 241 | ||||||
BBVA Bancomer SA, | ||||||||
5.13%, 1/18/33 | 474 | 409 | ||||||
8.45%, 6/29/38 (b) | 423 | 417 | ||||||
Braskem Idesa SAPI, | ||||||||
6.99%, 2/20/32 | 940 | 566 | ||||||
7.45%, 11/15/29 | 562 | 351 | ||||||
Cemex SAB de CV, | ||||||||
5.13%, 6/8/26 (f) | 440 | 412 | ||||||
9.13%, 3/14/28 (b)(f) | 352 | 367 | ||||||
Grupo Aeromexico SAB de CV, | ||||||||
8.50%, 3/17/27 | 420 | 394 | ||||||
Total Play Telecomunicaciones SA de CV, | ||||||||
7.50%, 11/12/25 | 1,975 | 1,415 | ||||||
4,768 |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Portfolio of Investments (cont’d)
(Showing Percentage of Total Value of Investments)
Face Amount | Value | |||||||
(000) | (000) | |||||||
Sovereign (1.8%) | ||||||||
Petroleos Mexicanos, | ||||||||
4.25%, 1/15/25 | $ | 200 | $ | 191 | ||||
5.95%, 1/28/31 | 1,200 | 860 | ||||||
6.35%, 2/12/48 | 400 | 229 | ||||||
6.70%, 2/16/32 | 600 | 446 | ||||||
6.88%, 8/4/26 | 400 | 369 | ||||||
10.00%, 2/7/33 (b) | 587 | 523 | ||||||
2,618 | ||||||||
7,386 | ||||||||
Moldova (0.3%) | ||||||||
Corporate Bond (0.3%) | ||||||||
Aragvi Finance International DAC, | ||||||||
8.45%, 4/29/26 | 660 | 455 | ||||||
Mongolia (0.3%) | ||||||||
Corporate Bond (0.3%) | ||||||||
Mongolian Mining Corp./Energy Resources LLC, | ||||||||
9.25%, 4/15/24 | 388 | 388 | ||||||
Morocco (0.6%) | ||||||||
Sovereign (0.6%) | ||||||||
Morocco Government International Bond, | ||||||||
3.00%, 12/15/32 | 500 | 382 | ||||||
4.00%, 12/15/50 (b) | 820 | 510 | ||||||
892 | ||||||||
Nigeria (3.2%) | ||||||||
Corporate Bonds (0.6%) | ||||||||
IHS Netherlands Holdco BV, | ||||||||
8.00%, 9/18/27 (b) | 383 | 322 | ||||||
SEPLAT Energy PLC, | ||||||||
7.75%, 4/1/26 | 624 | 534 | ||||||
856 | ||||||||
Sovereign (2.6%) | ||||||||
Nigeria Government International Bond, | ||||||||
6.50%, 11/28/27 (b) | 820 | 686 | ||||||
7.38%, 9/28/33 | 1,212 | 899 | ||||||
7.63%, 11/28/47 | 200 | 134 | ||||||
7.70%, 2/23/38 | 1,108 | 779 | ||||||
8.25%, 9/28/51 | 1,860 | 1,293 | ||||||
3,791 | ||||||||
4,647 | ||||||||
Oman (2.6%) | ||||||||
Sovereign (2.6%) | ||||||||
Oman Government International Bond, | ||||||||
5.38%, 3/8/27 | 500 | 488 | ||||||
6.25%, 1/25/31 (b) | 2,530 | 2,504 | ||||||
6.75%, 1/17/48 | 500 | 461 | ||||||
7.38%, 10/28/32 | 270 | 286 | ||||||
3,739 | ||||||||
Panama (2.4%) | ||||||||
Corporate Bonds (1.2%) | ||||||||
C&W Senior Financing DAC, | ||||||||
6.88%, 9/15/27 | 1,136 | 1,000 | ||||||
Multibank, Inc., | ||||||||
7.75%, 2/3/28 (b) | 756 | 763 | ||||||
1,763 | ||||||||
Sovereign (1.2%) | ||||||||
Panama Bonos del Tesoro, | ||||||||
6.38%, 7/25/33 | 187 | 177 | ||||||
Panama Government International Bond, | ||||||||
2.25%, 9/29/32 | 1,280 | 930 | ||||||
3.87%, 7/23/60 | 550 | 320 | ||||||
4.50%, 4/1/56 | 410 | 271 | ||||||
1,698 | ||||||||
3,461 | ||||||||
Paraguay (1.4%) | ||||||||
Corporate Bond (0.7%) | ||||||||
Frigorifico Concepcion SA, | ||||||||
7.70%, 7/21/28 | 1,152 | 954 | ||||||
Sovereign (0.7%) | ||||||||
Paraguay Government International Bond, | ||||||||
5.40%, 3/30/50 (b) | 1,264 | 1,000 | ||||||
1,954 | ||||||||
Peru (2.6%) | ||||||||
Corporate Bonds (1.9%) | ||||||||
Auna SAA, | ||||||||
6.50%, 11/20/25 | 1,440 | 1,327 |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Portfolio of Investments (cont’d)
(Showing Percentage of Total Value of Investments)
Face Amount | Value | |||||||
(000) | (000) | |||||||
Corporate Bonds (cont’d) | ||||||||
Hunt Oil Co. of Peru LLC Sucursal Del Peru, | ||||||||
8.55%, 9/18/33 (b) | $ | 448 | $ | 453 | ||||
Peru LNG Srl, | ||||||||
5.38%, 3/22/30 | 1,326 | 1,042 | ||||||
2,822 | ||||||||
Sovereign (0.7%) | ||||||||
Peruvian Government International Bond, | ||||||||
2.78%, 1/23/31 | 300 | 247 | ||||||
3.00%, 1/15/34 | 400 | 309 | ||||||
3.55%, 3/10/51 | 200 | 132 | ||||||
6.55%, 3/14/37 | 300 | 311 | ||||||
999 | ||||||||
3,821 | ||||||||
Romania (5.5%) | ||||||||
Sovereign (5.5%) | ||||||||
Romanian Government International Bond, | ||||||||
1.75%, 7/13/30 (b) | EUR | 3,320 | 2,664 | |||||
2.00%, 1/28/32 - 4/14/33 | 796 | 582 | ||||||
2.12%, 7/16/31 | 681 | 535 | ||||||
2.13%, 3/7/28 | 300 | 276 | ||||||
3.62%, 5/26/30 | 28 | 26 | ||||||
3.75%, 2/7/34 (b) | 999 | 837 | ||||||
4.00%, 2/14/51 | $ | 1,100 | 704 | |||||
6.13%, 1/22/44 | 800 | 717 | ||||||
6.63%, 9/27/29 | EUR | 1,395 | 1,519 | |||||
7,860 | ||||||||
Senegal (0.2%) | ||||||||
Sovereign (0.2%) | ||||||||
Senegal Government International Bond, | ||||||||
6.25%, 5/23/33 | $ | 400 | 322 | |||||
Serbia (1.7%) | ||||||||
Sovereign (1.7%) | ||||||||
Serbia International Bond, | ||||||||
1.50%, 6/26/29 | EUR | 1,240 | 1,011 | |||||
2.05%, 9/23/36 | 432 | 272 | ||||||
2.13%, 12/1/30 (b) | $ | 1,400 | 1,031 | |||||
6.50%, 9/26/33 | 200 | 191 | ||||||
2,505 | ||||||||
South Africa (1.1%) | ||||||||
Corporate Bonds (1.1%) | ||||||||
Petra Diamonds U.S. Treasury PLC | ||||||||
6.07% Cash, 3.96 % PIK, | ||||||||
9.75%, 3/8/26 (e) | 221 | 193 | ||||||
Sasol Financing USA LLC, | ||||||||
5.50%, 3/18/31 | 1,270 | 997 | ||||||
8.75%, 5/3/29 | 357 | 344 | ||||||
1,534 | ||||||||
Sri Lanka (2.4%) | ||||||||
Sovereign (2.4%) | ||||||||
Sri Lanka Government International Bond, | ||||||||
5.75%, 4/18/23 (c)(d) | 320 | 154 | ||||||
6.20%, 5/11/27 (c)(d) | 2,850 | 1,331 | ||||||
6.35%, 6/28/24 (c)(d) | 200 | 96 | ||||||
6.75%, 4/18/28 (c)(d) | 400 | 188 | ||||||
6.83%, 7/18/26 (c)(d) | 400 | 193 | ||||||
6.85%, 3/14/24 - 11/3/25 (c)(d) | 2,770 | 1,340 | ||||||
7.85%, 3/14/29 (c)(d) | 200 | 94 | ||||||
3,396 | ||||||||
Suriname (5.8%) | ||||||||
Sovereign (5.8%) | ||||||||
Suriname Government International Bond, | ||||||||
9.25%, 10/26/26 (c)(d) | 6,515 | 5,619 | ||||||
12.88%, 12/30/23 (a)(b)(c)(d) | 2,993 | 2,697 | ||||||
8,316 | ||||||||
Tanzania, United Republic Of (0.7%) | ||||||||
Corporate Bonds (0.7%) | ||||||||
HTA Group Ltd., | ||||||||
2.88%, 3/18/27 | 200 | 165 | ||||||
7.00%, 12/18/25 | 900 | 869 | ||||||
1,034 | ||||||||
Trinidad And Tobago (0.3%) | ||||||||
Sovereign (0.3%) | ||||||||
Trinidad & Tobago Government International Bond, | ||||||||
4.50%, 6/26/30 | 500 | 461 |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Portfolio of Investments (cont’d)
(Showing Percentage of Total Value of Investments)
Face Amount | Value | |||||||
(000) | (000) | |||||||
Sovereign (cont’d) | ||||||||
Turkey (2.1%) | ||||||||
Corporate Bonds (2.1%) | ||||||||
Limak Iskenderun Uluslararasi Liman Isletmeciligi AS, | ||||||||
9.50%, 7/10/36 | $ | 1,134 | $ | 1,023 | ||||
Ulker Biskuvi Sanayi AS, | ||||||||
6.95%, 10/30/25 | 1,080 | 1,018 | ||||||
WE Soda Investments Holding PLC, | ||||||||
9.50%, 10/6/28 | 992 | 1,002 | ||||||
3,043 | ||||||||
Ukraine (0.9%) | ||||||||
Sovereign (0.9%) | ||||||||
Ukraine Government Bond, | ||||||||
7.75%, 9/1/25 (c)(d) | 745 | 247 | ||||||
Ukraine Government International Bond, | ||||||||
6.88%, 5/21/31 (c)(d) | 1,500 | 401 | ||||||
7.75%, 9/1/24 - 9/1/28 (c)(d) | 1,601 | 525 | ||||||
7.75%, 8/1/41 (c)(d)(g) | 440 | 204 | ||||||
1,377 | ||||||||
United Arab Emirates (3.2%) | ||||||||
Sovereign (3.2%) | ||||||||
Finance Department Government of Sharjah, | ||||||||
4.00%, 7/28/50 | 2,562 | 1,496 | ||||||
4.38%, 3/10/51 | 500 | 314 | ||||||
6.50%, 11/23/32 (b) | 2,750 | 2,747 | ||||||
4,557 | ||||||||
Uruguay (1.7%) | ||||||||
Sovereign (1.7%) | ||||||||
Uruguay Government International Bond, | ||||||||
4.38%, 1/23/31 | 790 | 757 | ||||||
5.10%, 6/18/50 | 1,080 | 960 | ||||||
5.75%, 10/28/34 | 710 | 724 | ||||||
2,441 | ||||||||
Uzbekistan (1.6%) | ||||||||
Corporate Bonds (0.3%) | ||||||||
Ipoteka-Bank ATIB, | ||||||||
5.50%, 11/19/25 | 230 | 209 | ||||||
Uzbek Industrial and Construction Bank ATB, | ||||||||
5.75%, 12/2/24 | 249 | 238 | ||||||
447 | ||||||||
Sovereign (1.3%) | ||||||||
Republic of Uzbekistan International Bond, | ||||||||
3.70%, 11/25/30 (b) | 301 | 236 | ||||||
3.90%, 10/19/31 | 1,000 | 782 | ||||||
5.38%, 2/20/29 | 900 | 808 | ||||||
1,826 | ||||||||
2,273 | ||||||||
Venezuela (0.3%) | ||||||||
Sovereign (0.3%) | ||||||||
Petroleos de Venezuela SA, | ||||||||
6.00%, 11/15/26 (c)(d) | 8,500 | 489 | ||||||
Vietnam (0.6%) | ||||||||
Corporate Bond (0.6%) | ||||||||
Mong Duong Finance Holdings BV, | ||||||||
5.13%, 5/7/29 | 957 | 869 | ||||||
Zambia (0.2%) | ||||||||
Sovereign (0.2%) | ||||||||
Zambia Government International Bond, | ||||||||
8.50%, 4/14/24 (c)(d) | 587 | 324 | ||||||
TOTAL FIXED INCOME SECURITIES (COST $158,422) | 139,151 |
No. of Warrants | ||||||||
WARRANTS (0.0%)‡ | ||||||||
Venezuela (0.0%)‡ | ||||||||
Venezuela Government International Bond, Oil-Linked Payment Obligation, expires 4/15/20 (h)(i) (Cost $—) | 5,450 | 27 |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Portfolio of Investments (cont’d)
(Showing Percentage of Total Value of Investments)
Shares | Value (000) | |||||||
SHORT-TERM INVESTMENTS (2.3%) | ||||||||
Investment Company (2.2%) | ||||||||
Morgan Stanley Institutional Liquidity Funds - Treasury Securities Portfolio - Institutional Class (j) (Cost $3,076) | 3,076,262 | $ | 3,076 |
Face Amount (000) | ||||||||
United States (0.1%) | ||||||||
U.S. Treasury Security (0.1%) | ||||||||
U.S. Treasury Bill, | ||||||||
4.47%, 11/30/23 (k) (Cost $174) | $ | 175 | 174 | |||||
TOTAL SHORT-TERM INVESTMENTS (COST $3,250) | 3,250 | |||||||
Total Investments (98.9%) (Cost $161,672) (l)(m)(n) | 142,428 | |||||||
Other Assets in Excess of Liabilities (1.1%) | 1,591 | |||||||
Net Assets (100.0%) | $ | 144,019 |
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.
‡ | Amount is less than 0.05%. |
(a) | Multi-step — Coupon rate changes in predetermined increments to maturity. Rate disclosed is as of September 30, 2023. Maturity date disclosed is the ultimate maturity date. |
(b) | 144A security – Certain conditions for public sale may exist. Unless otherwise noted, these securities are deemed to be liquid. |
(c) | Issuer in bankruptcy. |
(d) | Non-income producing security; bond in default. |
(e) | Income may be paid in additional securities and/or cash at the discretion of the issuer. |
(f) | Perpetual - One or more securities do not have a predetermined maturity date. Rates for these securities are fixed for a period of time after which they revert to a floating rate. Interest rates in effect are as of September 30, 2023. |
(g) | Floating or variable rate securities: The rates disclosed are as of September 30, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description in the Portfolio of Investments. Certain variable rate securities may not be based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description in the Portfolio of Investments. |
(h) | Perpetual maturity date. Date disclosed is the last expiration date. |
(i) | Non-income producing security. |
(j) | 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 September 30, 2023, advisory fees paid were reduced by approximately $9,000 relating to the Fund's investment in the Liquidity Funds. |
(k) | Rate shown is the yield to maturity at September 30, 2023. |
(l) | Securities are available for collateral in connection with purchase of open foreign currency forward exchange contracts and futures contracts. |
(m) | 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 Directors 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 September 30, 2023, the Fund did not engage in any cross-trade transactions. |
(n) | At September 30, 2023, the aggregate cost for federal income tax purposes approximates the aggregate cost for book purposes. The aggregate gross unrealized appreciation is approximately $3,319,000 and the aggregate gross unrealized depreciation is approximately $23,777,000, resulting in net unrealized depreciation of approximately $20,458,000. |
DAC | Designated Activity Company. |
MTN | Medium Term Note. |
PIK | Payment-in-Kind. |
REIT | Real Estate Investment Trust. |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Portfolio of Investments (cont’d)
Foreign Currency Forward Exchange Contracts:
The Fund had the following foreign currency forward exchange contracts open at September 30, 2023:
Counterparty | Contracts to Deliver (000) | In Exchange For (000) | Delivery Date | Unrealized Appreciation (Depreciation) (000) | ||||||||
Barclays Bank PLC | EUR | 1,498 | $ | 1,608 | 10/6/23 | $ | 24 | |||||
Citibank NA | EUR | 90 | $ | 97 | 10/6/23 | 1 | ||||||
Citibank NA | $ | 220 | EUR | 205 | 10/6/23 | (4 | ) | |||||
HSBC Bank PLC | EUR | 385 | $ | 414 | 10/6/23 | 7 | ||||||
HSBC Bank PLC | EUR | 438 | $ | 471 | 10/6/23 | 8 | ||||||
HSBC Bank PLC | EUR | 1,729 | $ | 1,859 | 10/6/23 | 31 | ||||||
HSBC Bank PLC | EUR | 942 | $ | 1,013 | 10/6/23 | 17 | ||||||
HSBC Bank PLC | EUR | 382 | $ | 411 | 10/6/23 | 7 | ||||||
HSBC Bank PLC | EUR | 396 | $ | 426 | 10/6/23 | 7 | ||||||
HSBC Bank PLC | EUR | 77 | $ | 83 | 10/6/23 | 1 | ||||||
State Street Bank and Trust Co. | EUR | 701 | $ | 751 | 10/6/23 | 10 | ||||||
State Street Bank and Trust Co. | EUR | 1,726 | $ | 1,851 | 10/6/23 | 26 | ||||||
State Street Bank and Trust Co. | EUR | 726 | $ | 778 | 10/6/23 | 11 | ||||||
State Street Bank and Trust Co. | EUR | 803 | $ | 861 | 10/6/23 | 12 | ||||||
State Street Bank and Trust Co. | EUR | 3,172 | $ | 3,402 | 10/6/23 | 48 | ||||||
State Street Bank and Trust Co. | EUR | 707 | $ | 758 | 10/6/23 | 11 | ||||||
State Street Bank and Trust Co. | EUR | 1,728 | $ | 1,857 | 10/6/23 | 30 | ||||||
State Street Bank and Trust Co. | EUR | 438 | $ | 471 | 10/6/23 | 7 | ||||||
State Street Bank and Trust Co. | EUR | 385 | $ | 414 | 10/6/23 | 7 | ||||||
State Street Bank and Trust Co. | EUR | 382 | $ | 410 | 10/6/23 | 7 | ||||||
State Street Bank and Trust Co. | EUR | 942 | $ | 1,012 | 10/6/23 | 16 | ||||||
State Street Bank and Trust Co. | EUR | 396 | $ | 425 | 10/6/23 | 7 | ||||||
State Street Bank and Trust Co. | EUR | 2,681 | $ | 2,875 | 10/6/23 | 40 | ||||||
State Street Bank and Trust Co. | EUR | 1,459 | $ | 1,565 | 10/6/23 | 22 | ||||||
State Street Bank and Trust Co. | EUR | 678 | $ | 727 | 10/6/23 | 10 | ||||||
State Street Bank and Trust Co. | EUR | 613 | $ | 657 | 10/6/23 | 9 | ||||||
State Street Bank and Trust Co. | EUR | 593 | $ | 636 | 10/6/23 | $ | 9 | |||||
State Street Bank and Trust Co. | EUR | 597 | $ | 640 | 10/6/23 | 9 | ||||||
UBS AG | EUR | 74 | $ | 80 | 10/6/23 | 1 | ||||||
UBS AG | EUR | 173 | $ | 183 | 10/6/23 | — | @ | |||||
$ | 391 |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Portfolio of Investments (cont’d)
Futures Contracts:
The Fund had the following futures contracts open at September 30, 2023:
Number of Contracts | Expiration Date | Notional Amount (000) | Value (000) | Unrealized Appreciation (Depreciation) (000) | |||||||||||||
Long: | |||||||||||||||||
U.S. Treasury 2 yr. Note (United States) | 12 | Dec-23 | $ | 2,400 | $ | 2,433 | $ | (7 | ) | ||||||||
U.S. Treasury 5 yr. Note (United States) | 54 | Dec-23 | 5,400 | 5,689 | (50 | ) | |||||||||||
U.S. Treasury 10 yr. Note (United States) | 3 | Dec-23 | 300 | 324 | (6 | ) | |||||||||||
U.S. Treasury 10 yr. Ultra Note (United States) | 203 | Dec-23 | 20,300 | 22,647 | (638 | ) | |||||||||||
U.S. Treasury Long Bond (United States) | 11 | Dec-23 | 1,100 | 1,252 | (69 | ) | |||||||||||
U.S. Treasury Ultra Bond (United States) | 146 | Dec-23 | 14,600 | 17,328 | (1,275 | ) | |||||||||||
Short: | |||||||||||||||||
Euro-Buxl 30 yr. Bond (Germany) | 13 | Dec-23 | EUR | (1,300 | ) | (1,682 | ) | 117 | |||||||||
German Euro-Bobl Index (Germany) | 57 | Dec-23 | (5,700 | ) | (6,975 | ) | 72 | ||||||||||
German Euro-Bund Index (Germany) | 68 | Dec-23 | (6,800 | ) | (9,248 | ) | 193 | ||||||||||
U.S. Treasury 5 yr. Note (United States) | 75 | Dec-23 | $ | (7,500 | ) | (7,902 | ) | 57 | |||||||||
U.S. Treasury 10 yr. Note (United States) | 13 | Dec-23 | (1,300 | ) | (1,405 | ) | 1 | ||||||||||
$ | (1,605 | ) |
EUR — Euro
USD — United States Dollar
Portfolio Composition
Classification | Percentage of Total Investments | ||
Sovereign | 68.1 | % | |
Corporate Bonds | 29.6 | ||
Other* | 2.3 | ||
Total Investments | 100.0 | %** |
* | 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 $76,885 and net unrealized depreciation of approximately $1,605,000. Does not include open foreign currency forward exchange contracts with net unrealized appreciation of approximately $391,000. |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Notes to the Portfolio of Investments
The ongoing conflict between Russia and Ukraine has led many countries, including the U.S., to impose economic sanctions on Russian governmental institutions, Russian entities, and Russian individuals. These sanctions have had a negative impact on the Russian economy and currency, and on investments and companies economically tied to Russia, Ukraine and certain neighboring countries. In response, Russia imposed its own restrictions against investors and countries outside Russia. Businesses in the U.S. and globally have experienced shortages in materials and increased costs for transportation, energy and raw materials due, in part, to the adverse effects of the conflict on the global economy. The escalation or continuation of the conflict between Russia and Ukraine or other hostilities presents heightened risks relating to, among other things, cyber-attacks, the frequency and volume of failures to settle securities transactions, supply chain disruptions, inflation, and potential increased volatility in commodity, currency and other financial markets. This conflict could continue to adversely affect global markets performance and liquidity, thereby negatively affecting the value of the Fund’s investments beyond any direct exposure to Russian or Ukrainian issuers, markets or economies. The duration and extent of the economic impacts resulting from the military conflict between Russia and Ukraine and related sanctions remains uncertain at this time.
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 the Adviser 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) an equity portfolio security listed or traded on an exchange is valued at its latest reported sales price (or at the exchange official closing price if such exchange reports an official closing price), and if there were no sales on a given day and if there is no official exchange closing price for that day, the security is valued at the mean between the last reported bid and asked prices if such bid and asked prices are available on the relevant exchanges. If only bid prices are available then the latest bid price may be used. Listed equity securities not traded on the valuation date with no reported bid and asked prices available on the exchange are valued at the mean between the current bid and asked prices obtained from one or more reputable brokers/dealers. In cases where a security is traded on more than one exchange, the security is valued on the exchange designated as the primary market; (3) 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 or by the Adviser using a pricing service and/or procedures approved by the Directors; (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) 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 (6) 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 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. |
Morgan Stanley Emerging Markets Debt Fund, Inc.
Third Quarter Report – September 30, 2023 (unaudited)
Notes to the Portfolio of Investments (cont’d)
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.
The following is a summary of the inputs used to value the Fund’s investments as of September 30, 2023:
Investment Type | Level 1 Unadjusted Quoted Prices (000) | Level 2 Other Significant Observable Inputs (000) | Level 3 Significant Unobservable Inputs (000) | Total (000) | ||||||||||||
Assets: | ||||||||||||||||
Fixed Income Securities | ||||||||||||||||
Corporate Bonds | $ | — | $ | 42,128 | $ | — | $ | 42,128 | ||||||||
Sovereign | — | 97,023 | — | 97,023 | ||||||||||||
Total Fixed Income Securities | — | 139,151 | — | 139,151 | ||||||||||||
Warrant | — | 27 | — | 27 | ||||||||||||
Short-Term Investments | ||||||||||||||||
U.S. Treasury Security | — | 174 | — | 174 | ||||||||||||
Investment Company | 3,076 | — | — | 3,076 | ||||||||||||
Total Short-Term Investments | 3,076 | 174 | — | 3,250 | ||||||||||||
Foreign Currency Forward Exchange Contracts | — | 395 | — | 395 | ||||||||||||
Futures Contracts | 440 | — | — | 440 | ||||||||||||
Total Assets | 3,516 | 139,747 | — | 143,263 | ||||||||||||
Liabilities: | ||||||||||||||||
Foreign Currency Forward Exchange Contract | — | (4 | ) | — | (4 | ) | ||||||||||
Futures Contracts | (2,045 | ) | — | — | (2,045 | ) | ||||||||||
Total Liabilities | (2,045 | ) | (4 | ) | — | (2,049 | ) | |||||||||
Total | $ | 1,471 | $ | 139,743 | $ | — | $ | 141,214 |
Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment’s valuation changes.
1 Year Morgan Stanley Emerging ... Chart |
1 Month Morgan Stanley Emerging ... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions