Morgan Stanley Institutional Frontier Emerging Markets Portfolio

Fund Holdings

Asset Allocation

% Long % Net
Cash 6.87 6.87
Stocks 1.77 1.77
Bonds 0.0 0.0
Other 5.1 5.1
Foreign Bonds 3.8 3.8
Foreign Stocks 82.47 82.47
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 03.31.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 03.31.2014

Ticker YTD Return % % Net Assets
National Bank of Kuwait SAK NBK --- 6.66
Gulf International Services QSC GISS --- 4.8
Emaar Properties PJSC EMAAR --- 4.63
Qatar National Bank SAQ QNBK --- 4.09
Ooredoo QSC ORDS --- 3.52
YPF Sociedad Anonima ADR YPF 1.33 3.41
First Gulf Bank P.J.S.C. FGB --- 3.32
Afren PLC AFR --- 2.69
Burgan Bank SAK BURG --- 2.49
Drake & Scull International PJSC DSI --- 2.46