Morgan Stanley Institutional Frontier Emerging Markets Portfolio

Fund Holdings

Asset Allocation

% Long % Net
Cash 6.07 6.07
Stocks 2.68 2.68
Bonds 0.0 0.0
Other 9.84 9.84
Foreign Bonds 4.27 4.27
Foreign Stocks 77.14 77.14
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
Emaar Properties PJSC EMAAR --- 4.45
YPF Sociedad Anonima ADR YPF -20.6 4.21
Qatar National Bank SAQ QNBK --- 3.92
Afren PLC AFR --- 3.48
Gulf International Services QSC GISS --- 3.48
Ooredoo Q.S.C. ORDS --- 3.42
First Gulf Bank P.J.S.C. FGB --- 3.03
Nigerian Breweries PLC NIBR --- 2.95
Copa Holdings SA Class A CPA -15.13 2.68
Zenith Bank PLC ZENITH --- 2.52