Morgan Stanley Institutional High Yield Portfolio

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 1.3 0.0 1.3
Stocks 0.0 0.0 0.0
Bonds 86.61 0.0 86.61
Other 0.0 3.36 -3.36
Foreign Bonds 14.72 0.0 14.72
Foreign Stocks 0.0 0.0 0.0
Convertible 0.73 0.0 0.73
Preferred 0.0 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 03.31.2014

Portfolio as of 12.31.2013

% Net Assets
United Contl Hldgs 6.375% 1.5
Altice Financing S.A. 144A 8.125% 1.49
Pacnet 144A 9% 1.46
Global A&T Electncs 144A 10% 1.24
Prince Mineral Hldg Corp. 144A 11.5% 1.2
Harron Comms 144A 9.125% 1.2
Interline Brands 10% 1.18
Ahern Rentals 144A 9.5% 1.17
Poindexter J B 144A 9% 1.15
U.S. Coatings Acq/Flash Dutc 144A 7.375% 1.15

Bond Ratings (%)

Updated 12.31.2013

Sector MSYIX
AAA 0.0
AA 0.0
A 0.0
BBB 0.0
BB 13.27
B 63.34
Below B 22.69
Other 0.7