UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS
AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One)
| ☒ | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2021
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from __________________ to __________________
Commission file number 1-11758
| A. | Full title of the plan and the address of the plan, if different from that of the issuer named below: |
Morgan Stanley 401(k) Plan
c/o Morgan Stanley Benefits Department
750 Seventh Ave.
New York, NY 10019
| B. | Name of the issuer of the securities held pursuant to the plan and the address of its principal executive office: |
MORGAN STANLEY
1585 Broadway
New York, NY 10036
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | Morgan Stanley 401(k) Plan |
| | | | (Name of Plan) |
| | | | | | |
| Date: | June 24, 2022 | | By: | /s/ Adam Kudelka | |
| | | | | (Signature) | |
| | | | Name: | Adam Kudelka | |
| | | | Title: | Morgan Stanley Head of Rewards | |
Morgan Stanley
401(k) Plan
Employer ID Number: 20-8764829
Plan Number: 003
Financial Statements at December 31, 2021 and
2020, and for the Year Ended December 31, 2021,
Supplemental Schedule at December 31, 2021, and Report of Independent Registered Public Accounting Firm
MORGAN STANLEY 401(k) PLAN
TABLE OF CONTENTS
Page
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 |
| | |
| FINANCIAL STATEMENTS: | |
| | |
| Statements of Net Assets Available for Benefits at December 31, 2021 and 2020 | 3 |
| | |
| Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2021 | 4 |
| | |
| Notes to Financial Statements at December 31, 2021 and 2020, and for the Year Ended December 31, 2021 | 5–18 |
| | |
| SUPPLEMENTAL SCHEDULE: | |
| | |
| Form 5500, Schedule H, Line 4i — Schedule of Assets (Held at End of Year) at December 31, 2021 | 19–74 |
| NOTE: | All other schedules required by section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended, have been omitted because they are not applicable |
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Plan Participants and Plan Administrator of Morgan Stanley 401(k) Plan
Opinion on the Financial Statements
We have audited the accompanying statement of net assets available for benefits of Morgan Stanley 401(k) Plan (the "Plan") as of December 31, 2021, the related statement of changes in net assets available for benefits for the year ended December 31, 2021, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2021, and the changes in net assets available for benefits for the year ended December 31, 2021, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Report on Supplemental Schedule
The supplemental schedule of assets (held at end of year) as of December 31, 2021 has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental schedule is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in compliance with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, such schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ DELOITTE & TOUCHE LLP
New York, New York
June 24, 2022
We have served as the auditor of the Plan since 2022.
 | Crowe LLP Independent Member Crowe Global |
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Plan Participants and Administrator of the
Morgan Stanley 401(k) Plan
New York, New York
Opinion on the Financial Statements
We have audited the accompanying statement of net assets available for benefits of Morgan Stanley 401(k) Plan (the "Plan") as of December 31, 2020, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statement presents fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2020, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion.
We served as the Plan’s auditor from 2014 to 2021.
New York, New York
June 18, 2021
MORGAN STANLEY 401(k) PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AT DECEMBER 31, 2021 AND 2020
| | | 2021 | | 2020 |
| ASSETS: | | | | |
| Participant-directed investments at fair value | | $ | 18,692,348,026 | | | $ | 15,328,203,825 | |
| | | | | | | | | |
| Receivables: | | | | | | | | |
| Plan mergers (Note 1) | | | 735,722,135 | | | | - | |
| Employer contributions | | | 325,235,158 | | | | 286,107,963 | |
| Notes receivable from participants | | | 123,439,581 | | | | 118,114,863 | |
| Receivables for securities sold and other | | | 83,188,383 | | | | 263,108,057 | |
| Total Receivables | | | 1,267,585,257 | | | | 667,330,883 | |
| | | | | | | | | |
| Total Assets | | | 19,959,933,283 | | | | 15,995,534,708 | |
| | | | | | | | | |
| | | | | | | | | |
| LIABILITIES: | | | | | | | | |
| Participant-directed investments at fair value | | | 25,751,247 | | | | 30,038,010 | |
| Payables for securities purchased and other | | | 238,953,825 | | | | 432,737,634 | |
| | | | | | | | | |
| Total Liabilities | | | 264,705,072 | | | | 462,775,644 | |
| | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| NET ASSETS AVAILABLE FOR BENEFITS | | $ | 19,695,228,211 | | | $ | 15,532,759,064 | |
| | | | | | | | | |
See notes to the financial statements.
MORGAN STANLEY 401(k) PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2021
| ADDITIONS: | | |
| Net investment income: | | |
| Net appreciation in fair value of investments | | $ | 2,394,113,029 | |
| Dividends and interest | | | 135,750,367 | |
| Net investment income | | | 2,529,863,396 | |
| | | | | |
| Employer contributions | | | 325,235,157 | |
| Participant contributions | | | 583,113,741 | |
| Rollover contributions | | | 107,576,428 | |
| Total contributions | | | 1,015,925,326 | |
| | | | | |
| Interest income on notes receivable from participants | | | 5,633,630 | |
| | | | | |
| Total additions | | | 3,551,422,352 | |
| | | | | |
| DEDUCTIONS: | | | | |
| Benefits paid to participants | | | 925,639,574 | |
| Administrative fees | | | 17,428,327 | |
| | | | | |
| Total deductions | | | 943,067,901 | |
| | | | | |
| Net increase in net assets before plan mergers | | | 2,608,354,451 | |
| | | | | |
| Plan mergers (Note 1) | | | 1,554,114,696 | |
| | | | | |
| Net increase in net assets available for benefits | | | 4,162,469,147 | |
| | | | | |
| NET ASSETS AVAILABLE FOR BENEFITS | | | | |
| Beginning of year | | | 15,532,759,064 | |
| | | | | |
| End of year | | $ | 19,695,228,211 | |
See notes to the financial statements.
NOTES TO FINANCIAL STATEMENTS
AT DECEMBER 31, 2021 AND 2020, AND FOR THE YEAR ENDED DECEMBER 31, 2021
| 1. | DESCRIPTION OF THE PLAN |
The following summary of the Morgan Stanley 401(k) Plan (the “Plan”) is provided for general information purposes only. Participants should refer to the Plan document for more complete information. Terms used in this description have the same meaning as in the Plan document.
General — The Plan is a profit-sharing plan that includes a “qualified cash or deferred arrangement” as described in Section 401(k) of the Internal Revenue Code of 1986, as amended (the “Code”), and is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan’s interest in the Morgan Stanley Stock Fund is designated as an employee stock ownership plan within the meaning of Code section 4975(e)(7) to the extent provided in the Plan.
Morgan Stanley Domestic Holdings, Inc. (the “Plan Sponsor”) is a corporation wholly-owned by Morgan Stanley Capital Management, LLC, a limited liability company whose sole member is Morgan Stanley (the “Company”). The Plan Sponsor has delegated certain functions to Morgan Stanley Services Group Inc. (“MSSG”), a corporation wholly-owned by the Plan Sponsor. The Company’s Chief Human Resources Officer or his or her delegate (the “Plan Administrator”) has the authority to control and manage the operation and administration of the Plan, make rules and regulations, and take actions to administer the Plan. The Plan Administrator has delegated certain operational and administrative responsibilities to certain employees in the Company’s Human Resources department.
The Company acquired E*TRADE Financial Corporation, Eaton Vance Corp., and Hyas Group LLC in the third quarter of 2020, first quarter of 2021 and fourth quarter of 2021, respectively. In connection with the acquisitions, the E*TRADE 401(k) Plan (the “E*TRADE Plan”), Eaton Vance Profit Sharing and Savings Plan (the “Eaton Vance Plan”), and Hyas Group 401(k) Profit Sharing Plan (the “Hyas Plan”) were merged into the Plan, and participants of the E*TRADE Plan, the Eaton Vance Plan and the Hyas Plan became members of the Plan effective at the close of business on December 31, 2021. The final valuations for the Eaton Vance Plan, the E*TRADE Plan and the Hyas Plan were performed at market close on December 31, 2021 and each plan’s assets, including notes receivable from participants, were merged into the Plan’s assets. The Eaton Vance Plan’s investment assets of $807.5 million are reported in Participant-directed investments at fair value in the Statement of Net Assets. The investment assets of the E*TRADE Plan and Hyas Plan were liquidated and the proceeds wired to the Plan before the close of business on December 31, 2021. The transfer amounts of $730.2 million for the E*TRADE Plan and $5.6 million for the Hyas Plan are recorded in Plan mergers receivable in the Statement of Net Assets as the wires settled subsequent to year-end.
All of the Plan’s investments are held in a trust account at The Northern Trust Company, N.A. (the “Trustee”).
Eligibility — U.S. benefits-eligible employees, generally defined as full-time and part-time (regularly scheduled to work at least 50% of the Company’s standard work week) employees of participating companies are eligible to participate in the Plan upon hire.
Part-time employees who are regularly scheduled to work less than 50% of the Company’s standard work week may elect to commence participation in the Plan on the later of (A) the date their employment commences or (B) January 1, 2018, without regard to age.
Individuals who are (a) classified by a participating company as non-U.S. benefits-eligible workers, interns, summer associates, contingent workers, leased workers, independent contractors or consultants, regardless of whether or not such classification is subsequently upheld for any purpose by a court or federal, state or local administrative authority; (b) covered by a collective bargaining agreement with respect to which a participating company is a party, unless such agreement provides for participation in the Plan; (c) first hired or transferred to a participating company while in an hourly status on or after July 1, 2004; or (d) Puerto Rico residents, are not eligible to participate in the Plan.
Effective January 1, 2020, hourly employees are eligible to participate in the Plan. Eligible participants who terminate employment and are later rehired by a participating company may participate in the Plan immediately upon rehire.
Employee Contributions — Eligible participants may elect to contribute before-tax and/or Roth after-tax contributions of 1% to 30% of eligible pay subject to Code limits ($19,500 for 2021). Those participants who have attained at least age 50 by the end of 2021 may elect an additional before-tax or Roth after-tax “Catch-Up Contribution” of 1% to 30% of eligible pay, subject to Code limits ($6,500 for 2021).
Certain eligible participants may also elect to contribute non-Roth after-tax contributions of 1% to 30% of eligible earnings. Participants eligible to make non-Roth after-tax contributions include eligible employees considered to be non-highly compensated employees (for 2021, employees who earned less than $274,984 during 2020). Participants may also contribute amounts representing eligible rollover distributions from other qualified retirement plans, excluding other qualified plans sponsored by the Company and its affiliates. All contributions are subject to certain Code limitations.
Company Contributions — In addition to the eligibility requirements for each type of Company Contribution described below, to be eligible for Company Contributions for any given Plan Year, a participant must be actively at work or on an authorized leave of absence on December 31 or, during the year, have terminated employment because of Retirement, Release, Total and Permanent Disability (each as defined by the Plan) or died. Company Contributions are generally credited to participant accounts during the first quarter of the year following the calendar year for which the contribution amounts are determined.
Company Match: For employees (except Senior Advisors and Advisory Directors (or equivalent titles) each as defined in the Plan) with eligible pay between $100,000 and $275,000, the Plan-provided Company Match for 2021 was one dollar for each dollar of before-tax and/or Roth after-tax contributions that eligible participants contributed to the Plan, up to a maximum of 5% of eligible pay. For these employees, the maximum Company Match for 2021 was $14,500. For employees with eligible pay under $100,000 or over $275,000, the Plan-provided Company Match for 2021 was one dollar for each dollar of before-tax or Roth after-tax contributions that eligible participants contributed to the Plan, up to a maximum of 4% of eligible pay, up to the Code limit of
$290,000. For these employees, the maximum Company Match for 2021 was $11,600. The Company Match is made at the discretion of the Plan Sponsor.
The 2021 Company Match contributions were invested according to each participant’s investment elections on file or in a default fund or funds, as selected by the Plan Administrator. The 2021 Company Match was $290,987,015, of which $8,507,874 was covered by forfeitures held by the Plan. The contribution was recorded as Employer contributions receivable at December 31, 2021 and paid in cash by the Company to the Plan in January 2022. The 2020 Company Match was $250,708,022, of which $5,664,966 was covered by forfeitures held by the Plan. The contribution was recorded as Employer contributions receivable at December 31, 2020 and paid in cash by the Company to the Plan in January 2021.
Fixed Contribution: Eligible employees with annualized base pay and eligible annual pay of $100,000 or less and who are not employed as Financial Advisors, Producing Assistant Branch Managers, Producing Branch Managers, or Producing Sales Managers (or equivalent title), Advisory Directors or Senior Advisors (or equivalent title) at December 31 and who are not Saxon employees of Morgan Stanley’s U.S. Residential Mortgage Business receive a Fixed Contribution of 2% of eligible pay regardless of whether they contribute to the Plan or receive a Company Match. The 2021 Fixed Contribution of $15,271,415 was recorded as Employer contributions receivable at December 31, 2021 and paid in cash by the Company in January 2022. The 2020 Fixed Contribution of $16,730,595 was recorded as Employer contributions receivable at December 31, 2020 and paid in cash by the Company in January 2021.
Citi Pension Transition Contributions: To be eligible for Citi Pension Transition Contributions, employees who transferred from Citigroup to the Company or its affiliates in connection with the formation of the Company’s Wealth Management business segment must have been notified by Citigroup that their prior plan benefit opportunity qualified them for transition contributions under the Citigroup 401(k) Plan and they must have been at least age 45 with five or more years of service, including prior Citigroup service, at December 31, 2010. Citi Pension Transition Contributions were available for up to 10 Plan Years, beginning with the 2011 Plan year and ending with the 2020 Plan Year.
The Citi Pension Transition Contributions are based on the one-time calculation Citigroup performed to determine the percentage of annual eligible pay for the annual transition contributions under the Citigroup 401(k) Plan. The 2020 Citi Pension Transition Contribution of $1,933,140 was recorded as Employer contributions receivable at December 31, 2020 and paid in cash by the Company in January 2021. The Citi Pension Transition Contributions ended with the 2020 Plan Year.
Morgan Stanley Transition Contribution: Eligible employees are those who earned a Morgan Stanley pension benefit or received a 401(k) Plan Retirement Contribution during 2010 and at December 31, 2010 were employed by a participating company and at least age 45 with five or more years of service. Eligible employees receive a Morgan Stanley Transition Contribution regardless of whether or not they contribute to the Plan. Morgan Stanley Transition Contributions may be available under the Plan for up to 10 Plan Years, beginning with the 2011 Plan Year and ending with the 2020 Plan Year.
The 2020 Morgan Stanley Transition Contribution of $22,401,172 was recorded as Employer contributions receivable at December 31, 2020 and paid in cash by the Company in January 2021. The Morgan Stanley Transition Contribution ended with the 2020 Plan Year.
Participant Accounts — Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s contributions, allocations of Company Contributions and Plan earnings, and charged with an allocation of Plan losses and administrative expenses not otherwise paid by the Plan Sponsor, and reduced by the amount of any benefit payments to such participant. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.
Investments — Participants direct the investment of their contributions into various investment options offered by the Plan, which are subject to change from time to time. At December 31, 2021, the Plan offered mutual funds, commingled or collective trust funds, employer stock fund, and separately managed accounts (“Separate Accounts”).
The Plan is intended to meet the requirements of Section 404(c) of ERISA, with the result that participants, and no other fiduciaries, are responsible for the investment of their Plan accounts.
Employer Stock Provisions — The Morgan Stanley Stock Fund is invested primarily in “employer securities” (as defined in the Code), is designated an employee stock ownership plan to the extent provided in the Plan, and is subject to additional plan provisions, including the ability of eligible participants to elect to receive current cash dividend distributions relating to the Morgan Stanley Stock Fund.
Voting and Tender Rights — Each participant may direct a vote on shares of Company common stock in the Morgan Stanley Stock Fund that are allocated to his or her Plan account. Each participant is to be notified prior to the time that voting rights are to be exercised. Unvoted shares, including shares held in the Plan’s forfeiture account, are to be voted in the same proportion as the total actual votes cast by participants with respect to shares held in the Morgan Stanley Stock Fund for or against the matter under consideration. Similar rules apply to tender or other similar rights appurtenant to Company common stock held in the Morgan Stanley Stock Fund, except that shares for which no tender direction is given by the participant will not be tendered. If there is a tender for less than all shares or if there are more tender directions than can be satisfied, participant shares are to be tendered on a pro rata basis.
Vesting — Participants are vested immediately in their Employee Contributions plus earnings thereon. Generally, participants are vested in any Company Contributions upon the earlier of: (i) completion of three years of service, or (ii) termination of employment due to death, retirement, Release or Total and Permanent Disability, each as defined by the Plan. There is no partial vesting. A participant is always fully vested in dividends paid with respect to the Morgan Stanley Stock Fund.
Other — Certain reservists and persons who provide military service are entitled to additional rights under the Plan. Additional rules apply in the event that the Plan becomes top-heavy as described in the Code. In 2020, certain participants were entitled to additional rights relating to distributions under the Plan in accordance with the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Forfeitures — Unvested portion of a participant’s account may be forfeited on termination of such participant’s employment for specified reasons. Forfeitures are used to reduce the year-end Company Contributions and pay certain Plan expenses.
Notes Receivable from Participants — Generally, a participant may borrow up to the lesser of $50,000 or 50% of his/her vested Plan account. Beginning March 7 and ending December 31, 2020,
certain eligible employees were permitted to borrow up to $100,000 from the Plan in accordance with the CARES Act. Loans are secured by the balance in the participant’s account and bear interest at a rate determined by the Plan Administrator. Fixed, Retirement and Transition Contributions, each as defined by the Plan, are not eligible for loans. Each loan processed incurs a $75 administrative fee. Generally, principal and interest are paid ratably through payroll deductions back to the individual participant’s account; participants may fully or partially pre-pay their loans without penalty. Loans become due on termination of employment, except (1) prior to August 1, 2020, in the case of Release, in which case a participant may continue repayments for up to 12 months, or the due date for the loan, whichever is earlier and (2) for loans that are outstanding on or after August 1, 2020, the principal and interest due thereon shall be repaid over the remaining term of the loan with respect to a terminated participant. Loan repayments due between March 27, 2020 and December 31, 2020 were permitted to be suspended for up to one year in accordance with the CARES Act. Effective June 26, 2020, a participant may have two outstanding loans at a time.
Payment of Benefits — Participants may elect to receive all or a portion of their vested account balance following termination of employment.
Participants may withdraw any vested amount allocated to their accounts while in service after attaining age 59-1/2. In the event of a hardship (as defined in the Plan), participants regardless of age may withdraw their vested Employee and Company Contributions to the extent permitted by the Plan. Voluntary Employee Contributions made before 1984 and after-tax Employee Contributions made after 1983 also may be withdrawn in service without regard to the participant’s age, subject to Plan terms. Payments are made in cash and/or in-kind in shares of Morgan Stanley stock at the direction of the participant. Non-hardship withdrawals are limited to eight per year (Note 7). Between May 15, 2020 and December 31, 2020, certain eligible participants were permitted to withdraw up to $100,000 from their Plan account in accordance with the CARES Act.
A participant may elect to receive his or her vested interest in the Morgan Stanley Stock Fund in-kind. Shares are recorded electronically in book entry form on the records of the Company’s transfer agent, Broadridge Financial Solutions, Inc.
Plan Termination — Although it has not expressed any intent to do so, the Plan Sponsor (or its delegate, MSSG) has the right under the Plan to terminate the Plan subject to the provisions of ERISA. In such event, participants become fully vested in any Company Contributions to the extent required by the Code.
| 2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Basis of Accounting — The Plan’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.
Use of Estimates — The preparation of financial statements requires Plan management to make estimates and assumptions regarding the valuation of certain financial instruments that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from the estimates and assumptions used.
Administrative Expenses — Administrative expenses of the Plan are paid by the Plan, unless paid by the Plan Sponsor, as provided in the Plan document. The Plan Sponsor is under no obligation to
pay the Plan’s administrative expenses. Participants pay administrative costs for loans, distributions and qualified domestic relation orders.
All investment management and transaction fees directly related to the Plan investments are paid by the Plan. Management fees and operating expenses charged to the Plan for investments are deducted from income earned on a daily basis and are not separately reflected. Consequently, investment management fees and operating expenses are reflected as a reduction of investment return for such investments.
Payment of Benefits — Benefit payments to participants are recorded upon distribution. Amounts allocated to participants who elected to withdraw from the Plan during the year ended December 31, 2021 generally were paid prior to the year end. Amounts requested in the Plan Year but paid subsequent to the Plan Year were not significant.
Risks and Uncertainties — The Plan utilizes various investment options, including derivative instruments. Investments, in general, are exposed to various risks, such as interest rate, market liquidity and credit risks, as well as overall market volatility. Market risks include global events which could impact the value of investment securities, such as pandemic or international conflict. Due to the level of risk associated with certain investments and the sensitivity of certain fair value estimates to changes in valuation assumptions, it is reasonably possible that changes in value of investments will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the financial statements.
Included in investments at December 31, 2021 are shares of the Plan sponsor’s common stock, which represent sixteen percent of participant-directed investments at December 31, 2021. A significant decline in the market value of the sponsor’s stock would significantly affect the net assets available for benefits.
Investment Valuation and Income Recognition — Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on an accrual basis. The cost of Plan investments is based on the average cost method for individual securities. Dividends are recorded on the ex-dividend date. Realized and unrealized gains and losses on investments are reflected in Net investment income —Net appreciation in fair value of investments.
The Plan’s investments and derivative instruments are measured at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date (see Note 6).
In determining fair value, the Plan uses various valuation approaches and establishes a hierarchy for inputs used in measuring fair value that requires the most observable inputs be used when available.
Observable inputs are inputs that market participants would use in pricing the asset or liability that were developed based on market data obtained from sources independent of the Plan. Unobservable inputs are inputs that reflect assumptions the Plan believes other market participants would use in pricing the asset or liability that are developed based on the best information available in the circumstances. The fair value hierarchy is broken down into three levels based on the observability of inputs as follows, with Level 1 being the highest and Level 3 being the lowest level:
Level 1. Valuations based on quoted prices in active markets that the Plan has the ability to access for identical assets or liabilities. Valuation adjustments, block discounts and discounts for entity-specific restrictions that would not transfer to market participants are not applied to Level 1
instruments. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.
Level 2. Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
Level 3. Valuations based on inputs that are unobservable and significant to the overall fair value measurement.
The availability of observable inputs can vary from product to product and is affected by a wide variety of factors, including the type of product, whether the product is new and not yet established in the marketplace, the liquidity of markets and other characteristics particular to the product. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Plan in determining fair value is greatest for instruments categorized in Level 3 of the fair value hierarchy.
The Plan considers prices and inputs that are current as of the measurement date, including during periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition could cause an instrument to be reclassified from Level 1 to Level 2 or from Level 2 to Level 3 of the fair value hierarchy.
In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the total fair value amount is disclosed in the level appropriate for the lowest level input that is significant to the total fair value of the asset or liability.
Notes Receivable from Participants — Notes receivable from participants are measured at their unpaid principal balance plus accrued interest. Interest is repaid monthly and any delinquent interest payments at December 31, 2021 and 2020 were not significant. Based on the terms of the Plan document, delinquent participant loans are recorded as distributions when a distributable event occurs.
| 3. | DERIVATIVE INSTRUMENTS AND REPURCHASE AGREEMENTS |
Derivative instruments are permitted in the Plan’s Separate Account portfolios only to the extent that they comply with all of the Plan’s policy guidelines, and are consistent with the Plan’s risk and return objectives. In addition, derivative instruments may be used only if they are deemed to be more attractive than a similar direct investment in the underlying cash market, or if the investment vehicle is being used to manage the risk of the portfolio. Any use of derivative instruments may not result in exposure of the Plan to investment sectors that are otherwise prohibited under the investment guidelines.
The investment guidelines established with each Separate Account manager for the Plan set forth the guidelines for the commitments that an investment manager may make with respect to derivative instruments. Within the scope of the investment guidelines, the Plan may be invested in futures, options, swaps, and forwards.
Market risk arises from adverse changes in the fair value of these contracts.
Futures and options — The Plan held certain fixed income future and option contracts in Separate Accounts at December 31, 2021 and 2020 within the PIMCO Core Fixed Income Fund, PIMCO Real Return Portfolio Fund, and PIMCO Low Duration Fund. The Plan held certain equity index future contracts in a Separate Account at December 31, 2021 and 2020 within AQR International Equity Fund. Both written and purchased options were held as underlying investments. When the investment manager purchases or writes an option, an amount equal to the premium paid or received by the Plan is recorded as an asset or liability and is subsequently adjusted to the current market value of the option written or purchased. The fair value of these investments at December 31, 2021 and 2020 was not significant and the changes in fair value are accounted for as part of Net appreciation in fair value of investments in the Statement of changes in net assets available for benefits.
Swaps — Under the investment managers’ standard International Swap and Derivatives Association agreements, counterparty risk is limited by provisions which allow for the mutual exchange of collateral should a swap’s market value exceed $250,000. Further, the investment managers are instructed to restrict trading to only those counterparties with the largest capitalization and highest credit ratings in the industry. Investment manager policy is to execute swaps only with counterparties whose credit rating is A-/A3 or better, unless otherwise approved by the Plan. At December 31, 2021 and 2020, the investment assets held by the Plan included positions in interest rate swaps, credit default swaps, equity swaps, and inflation swaps. At December 31, 2021, the investment assets held by the Plan also included positions in overnight index swaps. These assets were held in Separate Accounts at December 31, 2021 and 2020 within the PIMCO Core Fixed Income Fund, PIMCO Real Return Portfolio Fund, PIMCO Low Duration Fund and AQR International Equity Fund. The fair value of these investments at December 31, 2021 and 2020 was not significant and the changes in fair value are accounted for as part of Net appreciation in fair value of investments in the Statement of changes in net assets available for benefits.
Forwards — The Plan may enter into forward foreign currency contracts in order to hedge certain foreign currency denominated investments. Forward foreign currency commitments are generally entered into with counterparties of high credit quality; therefore, the risk of nonperformance by the counterparties is considered negligible. Additionally, the Plan’s investment guidelines require that the forward foreign currency contracts be restricted in their application and used for economic hedging purposes. The Plan held positions in forward foreign currency contracts in Separate Accounts at December 31, 2021 and 2020 in the PIMCO Real Return Portfolio Fund, Artisan International Growth Fund, PIMCO Low Duration Fund, Principal Global Real Estate Securities Fund, and AQR International Equity Fund. The Plan also held positions in forward equity contracts in Separate Accounts at December 31, 2021 and 2020 in the AQR International Equity Fund. The fair value of these investments at December 31, 2021 and 2020 was not significant and the changes in fair value are accounted for as part of Net appreciation in fair value of investments in the Statement of changes in net assets available for benefits.
Securities sold under agreements to repurchase (“repurchase agreements”) — The Plan held positions in repurchase agreements in Separate Accounts in the BlackRock Government Short Term Investment Fund at December 31, 2021, and in the BlackRock Government Short Term Investment Fund, the PIMCO Core Fixed Income Fund, and the PIMCO Low Duration Fund at December 31, 2020. The changes in fair value are accounted for as part of Net appreciation in fair value of investments in the Statement of changes in net assets available for benefits.
| 4. | EXEMPT PARTY-IN-INTEREST TRANSACTIONS |
Parties-in-interest include Plan fiduciaries, employees, participant employers and service providers, certain owners and certain relatives of such individuals, as defined by ERISA.
There were a range of investment options available in the Plan at December 31, 2021 and 2020, of which one was managed by Morgan Stanley Investment Management (“MSIM”), one was an employer stock fund (Morgan Stanley Stock Fund), and registered investment companies and collective trust fund managed by Eaton Vance or its affiliates, or by Charles Schwab Investment Management, Inc., an affiliate of the Eaton Vance Plan’s trustee, custodian, and recordkeeper . All party-in-interest investments are in the Morgan Stanley Stock Fund, the funds managed by MSIM, an affiliate of the Plan Sponsor, and funds issued by Northern Trust, Principal, PIMCO, Blackrock, AQR Capital Management, T. Rowe Price, Artisan Partners, Fidelity Institutional Asset Management, Shenkman, Thompson, Siegel & Walmsley, Wellington Trust Company, N.A., State Street Global Advisors, Weatherbie Capital LLC, Westwood Management Corp., Eaton Vance, Charles Schwab, Calvert, Parametric, and Westfield Capital Management Company.
Investments in and gain or losses related to common stock and funds issued by Morgan Stanley or its affiliate, MSIM, and notes receivables from participants are as follows:
Investments and receivables held by the Plan
| | | At
December 31, 2021 | | At
December 31, 2020 | | Year Ended
December 31, 2021 |
| Morgan Stanley common stock | | | | | | | | | | | | |
| Number of shares held | | | 29,021,541 | | | | 31,072,026 | | | | n/a | |
| Fair value of shares held | | $ | 2,848,754,465 | | | $ | 2,129,365,942 | | | | n/a | |
| Net realized gain | | | n/a | | | | n/a | | | $ | 146,558,314 | |
| Dividend income | | | n/a | | | | n/a | | | $ | 62,582,596 | |
| | | | | | | | | | | | | |
| Investments in a Registered Investment Company issued by MSIM | | | | | | | | | | | | |
| Fair value of shares held | | $ | 2,327,695,628 | | | $ | 2,515,284,009 | | | | n/a | |
| Net realized gain | | | n/a | | | | n/a | | | $ | 605,700,435 | |
| | | | | | | | | | | | | |
| Notes receivable from participants | | | | | | | | | | | | |
| Participant loans | | $ | 123,439,581 | | | $ | 118,114,863 | | | | n/a | |
| Interest income | | | n/a | | | | n/a | | | $ | 5,633,630 | |
Eligible participants of the Morgan Stanley Stock Fund may elect to receive current cash payment of dividends paid on the Morgan Stanley Stock Fund within the Plan, to the extent provided in the Plan.
Certain officers and employees of the Plan Sponsor (who may also be participants in the Plan) perform administrative services related to the operation, record keeping and financial reporting of the Plan. The Plan Sponsor pays these salaries and other administrative expenses on behalf of the Plan. Certain fees, including fees for the investment management services, to the extent not paid by the Plan Sponsor, are paid by the Plan. All direct and indirect fees paid by the Plan are considered party-in-interest transactions.
| 5. | FEDERAL INCOME TAX STATUS |
The Internal Revenue Service determined and informed the Plan Sponsor by a letter dated May 22, 2018, that the Plan and its related trust account continue to be designed in accordance with the applicable provisions of the Code. The Plan has been amended since receiving this letter, however, the Plan Sponsor and the Plan Administrator believe the Plan is currently designed and operated in compliance with the applicable requirements of the Code.
The Plan Sponsor has analyzed the tax positions taken by the Plan, and has concluded that at December 31, 2021 and 2020, there are no uncertain tax positions taken by the Plan that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits of the Plan for any tax periods in progress. The Plan Sponsor believes the Plan is no longer subject to income tax examinations for years prior to 2017.
| 6. | FAIR VALUE MEASUREMENTS |
The following descriptions of the valuation methods and assumptions used by the Plan to determine the fair values of investments apply to investments held directly by the Plan.
Registered Investment Companies – Mutual funds are registered with the Securities and Exchange Commission and are intended to meet the requirements of the Investment Company Act of 1940 with respect to income distribution, fee structure, and diversification of assets. Mutual funds are generally marked to quoted prices or net asset value (“NAV”) and are categorized in Level 1 of the fair value hierarchy if based upon prices which are observable in an active market. The PIMCO International Bond (Unhedged) fund requires the Trustee to calculate the fair value since the fund has a daily interest rate factor that pays a monthly dividend and therefore the fund is categorized as Level 2 of the fair value hierarchy. The Plan generally prohibits the sale of these investment options within 30 days of a purchase into that investment option.
Morgan Stanley Stock Fund (the “Fund”) – The Plan holds investments in the Fund holding Morgan Stanley common stock and containing a short-term investment fund to facilitate participant transactions into and out of the Fund. The Company has specific rules that govern employee transactions in Morgan Stanley stock. Employees may transact in Morgan Stanley stock (including the Fund) only during a window period. Shorter window periods and prior approval requirements apply to those employees deemed Access Persons (as defined in the Company’s employee trading policy) by the Company. Access Persons who are members of the Company’s Management or Operating Committees are prohibited from selling the Fund within six months of a purchase.
Separate Accounts - The Separate Accounts are professionally managed portfolios held by the Plan. The participants share in the appreciation and depreciation in proportion to their contribution to the Separate Account. Separate Accounts are administered and supervised by investment managers who decide how to invest funds contributed by investors, subject to written investment guidelines. At December 31, 2021 and 2020, the Plan’s Separate Accounts consisted of the T. Rowe Price U.S. Large-Cap Value Fund, the PIMCO Core Fixed Income Fund, the PIMCO Real Return Portfolio Fund, the PIMCO Low Duration Fund, the Shenkman Capital High Yield Bond Fund, the Fidelity Institutional Asset Management Select International Small Cap Fund, the Artisan International Growth Fund, the BlackRock Government Short Term Investment Fund, the Thompson, Siegel & Walmsley Mid Cap Value Fund, the AQR International Equity Fund, the AQR Emerging Markets
Equity Fund, the Principal Global Real Estate Securities Fund and the Westfield Mid Cap Growth Equity Fund. At December 31, 2021, the Plan’s Separate Accounts also consisted of the Weatherbie Specialized Growth Fund and the Westwood Small CAP Fund. At December 31, 2020, the Plan’s Separate Accounts also consisted of the William Blair Small Cap Value Fund and the Rice Hall James Small Cap Opportunities Fund. The Plan generally prohibits the sale of these investment options within 30 days of a purchase into that investment option.
A description of the valuation methods and assumptions applied to the major categories of the Fund and the Separate Accounts are as follows:
Corporate equities
Corporate equities, including Morgan Stanley common stock, are exchange-traded equity securities that are generally valued based on quoted prices from the exchange. To the extent these securities are actively traded, valuation adjustments are not applied. Corporate equities are categorized in Level 1 of the fair value hierarchy. Stapled securities, consisting of two or more corporate equity securities that are contractually bound to form a single salable unit that cannot be bought or sold separately, are categorized in Level 2 of the fair value hierarchy.
Cash and cash equivalents
Cash and cash equivalents are valued at cost, which approximates fair value and are categorized in Level 1 of the fair value hierarchy.
Government and agency securities
Government and agency securities are valued using factors which include but are not limited to market quotations, yields, maturities, and the bond’s terms and conditions. U.S. Treasury securities, valued using quoted market prices, are categorized in Level 1 of the fair value hierarchy. Callable agency-issued debt securities are valued by benchmarking model-derived prices to quoted market prices and trade data for comparable instruments. The fair value of agency mortgage pass-through pool securities is model-driven based on spreads of a comparable to be announced security. For index-linked securities, the market price is adjusted daily by the appropriate index factor. The fair value of state and municipal securities is determined using recently executed transactions, market price quotations or pricing models that factor in, where applicable, interest rates, bond or CDS spreads and volatility. Callable agency-issued debt securities, agency mortgage pass-through pool securities, index-linked securities, and state and municipal government securities are generally categorized in Level 2 of the fair value hierarchy.
Corporate debt instruments
Corporate debt instruments are composed of corporate bonds, corporate loans and asset-backed securities. Corporate bonds and corporate loans are valued using factors which include but are not limited to recently executed transactions, market price quotations and spreads. Asset-backed securities may be valued based on price or spread data obtained from observed transactions or independent external parties such as vendors or brokers. When position-specific external price data are not observable, the fair value determination may require benchmarking to similar securities. For index linked securities, the market price is adjusted daily by the appropriate index factor. Corporate debt instruments are categorized in Level 2 of the fair value hierarchy.
Derivative instruments
Depending on the product and terms of the transaction, the fair value of over-the-counter (“OTC”) derivative products can be either observed or modeled using a series of techniques and model inputs from comparable benchmarks, including closed-form analytic formulas, such as the Black-Scholes option-pricing model, and simulation models or a combination thereof. Many pricing models do not
entail material subjectivity as the methodologies employed do not necessitate significant judgment, since model inputs may be observed from actively quoted markets, as is the case for generic interest rate swaps and certain option contracts. Interest rate swaps are valued using observable inputs. Listed derivatives that are not actively traded are valued using the same approaches as those applied to OTC derivatives. Derivative instruments are categorized in Level 2 of the fair value hierarchy, except for cash collaterals related to the derivative instruments, which are valued at carrying value and categorized in Level 1.
Repurchase agreements
The fair value of repurchase agreements is computed using a standard cash flow discounting methodology. The inputs to the valuation include contractual cash flows and collateral funding spreads which are estimated using various benchmarks, interest rate yield curves and option volatilities. Repurchase agreements are categorized in Level 2 of the fair value hierarchy.
Collective Trust Funds – Each investment is administered and supervised by its respective investment manager who decides how to invest the contributed funds. The Collective Trust Funds do not have a readily determinable fair value. The fair values of participating units held in the Collective Trust Funds are valued at NAVs as a practical expedient. If there is a fee accrual, the Trustee is responsible for determining the fair value. At December 31, 2021 and 2020, the Plan held investments in funds managed by State Street Global Advisors, BlackRock, Inc., Wellington Trust Company, N.A., PIMCO, Northern Trust, Eaton Vance, and AQR Capital Management. Terms of the applicable Collective Trust Fund Agreements and/or Investment Management Agreements permit the termination of the agreement and the receipt of the fund securities at fair value within 30 days. There were no unfunded commitments and no restricted redemption notice periods. Other than certain funds managed by State Street Global Advisors and BlackRock, Inc., from which the Plan does not restrict the frequency of redemptions, the Plan generally prohibits the sale of the Collective Trust Fund investment options within 30 days of a purchase into that investment option.
| | | Plan's Investment Assets and Liabilities at Fair Value at December 31, 2021 |
| | | Quoted Prices in Active Markets for Identical Assets | | Significant Other Observable Inputs | | Significant Unobservable Inputs | | |
| | | | | | | | | |
| | | Level 1 | | Level 2 | | Level 3 | | Total |
| Investment Assets: | | | | | | | | |
| | | | | | | | | |
| Registered Investment Companies | | | 3,128,630,741 | | | | 35,454,626 | | | | - | | | | 3,164,085,367 | |
| | | | | | | | | | | | | | | | | |
| Separately Managed Accounts | | | | | | | | | | | | | | | | |
| Corporate equities | | | 5,847,621,688 | | | | 2,527,557 | | | | - | | | | 5,850,149,245 | |
| Cash and cash equivalents | | | 91,963,199 | | | | - | | | | - | | | | 91,963,199 | |
| Government and agency securities | | | | | | | | | | | | | | | | |
| U.S. Treasury and agency securities | | | 477,537,542 | | | | 720,577,905 | | | | - | | | | 1,198,115,447 | |
| Other sovereign government obligations | | | - | | | | 30,040,082 | | | | - | | | | 30,040,082 | |
| State and municipal securities | | | - | | | | 5,043,099 | | | | - | | | | 5,043,099 | |
| Total Government and agency securities | | | 477,537,542 | | | | 755,661,086 | | | | - | | | | 1,233,198,628 | |
| Corporate debt instruments | | | - | | | | 323,890,010 | | | | - | | | | 323,890,010 | |
| Derivative instruments | | | 19,938,348 | | | | 15,809,030 | | | | - | | | | 35,747,378 | |
| Repurchase agreements | | | - | | | | 486,000,000 | | | | - | | | | 486,000,000 | |
| | | | 6,437,060,777 | | | | 1,583,887,683 | | | | - | | | | 8,020,948,460 | |
| | | | | | | | | | | | | | | | | |
| Collective Trust Funds * | | | | | | | | | | | | | | | 7,507,314,199 | |
| | | | | | | | | | | | | | | | | |
| Participant-directed investments | | | | | | | | | | | | | | | 18,692,348,026 | |
| | | | | | | | | | | | | | | | | |
| Investment Liabilities: | | | | | | | | | | | | | | | | |
| Separately Managed Accounts | | | | | | | | | | | | | | | | |
| Derivative instruments | | | 13,881,956 | | | | 11,869,291 | | | | - | | | | 25,751,247 | |
| Participant-directed investments | | | 13,881,956 | | | | 11,869,291 | | | | - | | | | 25,751,247 | |
| | | | | | | | | | | | | | | | | |
| * | Amounts represent certain investments that are measured at fair value using the NAV per share, which are not classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the participant-directed investments presented in the Statement of net assets available for benefits. |
| | | Plan's Investment Assets and Liabilities at Fair Value at December 31, 2020 |
| | | Quoted Prices in Active Markets for Identical Assets | | Significant Other Observable Inputs | | Significant Unobservable Inputs | | |
| | | | | | | | | |
| | | Level 1 | | Level 2 | | Level 3 | | Total |
| Investment Assets: | | | | | | | | |
| | | | | | | | | |
| Registered Investment Companies | | | 2,598,852,377 | | | | 42,121,664 | | | | - | | | | 2,640,974,041 | |
| | | | | | | | | | | | | | | | | |
| Separately Managed Accounts | | | | | | | | | | | | | | | | |
| Corporate equities | | | 4,514,668,096 | | | | 2,344,120 | | | | - | | | | 4,517,012,216 | |
| Cash and cash equivalents | | | 58,028,151 | | | | - | | | | - | | | | 58,028,151 | |
| Government and agency securities | | | | | | | | | | | | | | | | |
| U.S. Treasury and agency securities | | | 643,841,333 | | | | 725,554,181 | | | | - | | | | 1,369,395,514 | |
| Other sovereign government obligations | | | - | | | | 32,617,026 | | | | - | | | | 32,617,026 | |
| State and municipal securities | | | - | | | | 6,917,968 | | | | - | | | | 6,917,968 | |
| Total Government and agency securities | | | 643,841,333 | | | | 765,089,175 | | | | - | | | | 1,408,930,508 | |
| Corporate debt instruments | | | - | | | | 278,582,027 | | | | - | | | | 278,582,027 | |
| Derivative instruments | | | - | | | | 26,161,533 | | | | - | | | | 26,161,533 | |
| Repurchase agreements | | | - | | | | 253,200,000 | | | | - | | | | 253,200,000 | |
| | | | 5,216,537,580 | | | | 1,325,376,855 | | | | - | | | | 6,541,914,435 | |
| | | | | | | | | | | | | | | | | |
| Collective Trust Funds * | | | | | | | | | | | | | | | 6,145,315,349 | |
| | | | | | | | | | | | | | | | | |
| Participant-directed investments | | | | | | | | | | | | | | | 15,328,203,825 | |
| | | | | | | | | | | | | | | | | |
| Investment Liabilities: | | | | | | | | | | | | | | | | |
| Separately Managed Accounts | | | | | | | | | | | | | | | | |
| Derivative instruments | | | 808,014 | | | | 29,229,996 | | | | - | | | | 30,038,010 | |
| Participant-directed investments | | | 808,014 | | | | 29,229,996 | | | | - | | | | 30,038,010 | |
| | | | | | | | | | | | | | | | | |
| * | Amounts represent certain investments that are measured at fair value using the NAV per share, which are not classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the participant-directed investments presented in the Statement of net assets available for benefits. |
On March 10, 2022, the Company acquired Cook Street Consulting, Inc. In connection with the acquisition, the Company assumed sponsorship of the Cook Street Consulting, Inc. 401(k) Plan (the “CSCI Plan”). Employees of Cook Street Consulting, Inc. and any participating affiliates of the CSCI Plan (the “Cook Street Employees”) are eligible to participate in the CSCI Plan and are not eligible to participate in the Plan. It is anticipated that the assets of the CSCI Plan will merge into the Plan at the end of December 31, 2022 and Cook Street Employees are expected to become eligible to participate in the Plan then. Total assets in the CSCI Plan were approximately $10 million as of December 31, 2021.
Effective January 1, 2022, there is no limit on non-hardship withdrawals.
SUPPLEMENTAL SCHEDULE
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Registered Investment Companies | | | | |
| * | Calvert | Calvert Emerging Markets Equity Fund (R6) | | | 16,905,020 |
| * | Calvert | Calvert US Large-Cap Core Responsible Index Fund (R6) | | | 7,287,628 |
| * | Calvert | Calvert Equity (R6) | | | 4,928,796 |
| * | Calvert | Calvert Bond Fund (R6) | | | 4,434,165 |
| * | Calvert | Calvert Green Bond (R6) | | | 1,209,137 |
| * | Calvert | Calvert Core Bond Fund (I) | | | 1,127,674 |
| * | Eaton Vance | Eaton Vance Atlanta Capital SMID-Cap Fund (R6) | | | 61,508,845 |
| * | Eaton Vance | Eaton Vance Focused Growth Opportunities (I) | | | 60,533,525 |
| * | Eaton Vance | Eaton Vance Balanced Fund (R6) | | | 55,611,130 |
| * | Eaton Vance | Eaton Vance Focused Value Opportunities (I) | | | 32,961,098 |
| * | Eaton Vance | Eaton Vance Atlanta Capital Select Equity Fund (R6) | | | 21,993,687 |
| * | Eaton Vance | Eaton Vance Small-Cap (I) | | | 8,351,292 |
| * | Eaton Vance | Eaton Vance Income Fund of Boston (R6) | | | 7,943,284 |
| * | Eaton Vance | Eaton Vance Stock (I) | | | 7,898,460 |
| * | Eaton Vance | Eaton Vance Richard Bernstein Equity Strategy (I) | | | 7,588,822 |
| * | Eaton Vance | Eaton Vance Floating-Rate Advantage Fund (R6) | | | 7,330,850 |
| * | Eaton Vance | Eaton Vance High Income Opportunities (I) | | | 6,662,832 |
| * | Eaton Vance | Eaton Vance Short Duration Government Income (I) | | | 6,431,192 |
| * | Eaton Vance | Eaton Vance Emerging Markets Local Income (I) | | | 5,844,931 |
| * | Eaton Vance | Eaton Vance Short Duration Inflation-Protected Income Fund (I) | | | 4,759,378 |
| * | Eaton Vance | Eaton Vance Short Duration Strategy Income (I) | | | 4,621,720 |
| * | Eaton Vance | Eaton Vance Floating-Rate Fund (R6) | | | 4,357,475 |
| * | Eaton Vance | Eaton Vance Global Macro Absolute Return Advantage Fund (R6) | | | 4,019,561 |
| * | Eaton Vance | Eaton Vance Multi-Asset Credit Fund (R6) | | | 2,295,209 |
| * | Eaton Vance | Eaton Vance Global Macro Absolute Return Fund (R6) | | | 2,246,892 |
| * | Eaton Vance | Eaton Vance Richard Bernstein All Asset Strategy Fund (I) | | | 2,239,303 |
| * | Eaton Vance | Eaton Vance Global Bond Fund (I) | | | 792,380 |
| | Fidelity | Fidelity Extended Market Index Fund | | | 25,178,678 |
| | Fidelity | Fidelity Long-Term Treasury Bond Index Fund | | | 1,009,247 |
| * | MSIM | MSIF Growth Portfolio Fund | | | 2,327,695,628 |
| * | Northern Trust | Northern Trust Global Sustainability Index Fund | | | 72,468,652 |
| * | Parametric | Parametric International Equity Fund (R6) | | | 12,273,027 |
| * | Parametric | Parametric Commodity Strategy Fund (I) | | | 7,215,338 |
| | Pax | Pax Global Environmental Markets Fund | | | 70,767,714 |
| * | PIMCO | PIMCO International Bond Fund (Unhedged) | | | 35,454,626 |
| * | Schwab | Schwab Retirement Government Money Fund | | | 31,595,802 |
| | Vanguard | Vanguard 500 Index Fund Admiral | | | 115,483,315 |
| | Vanguard | Vanguard Total International Stock Index Fund Institutional | | | 29,244,780 |
| | Vanguard | Vanguard Growth Index Fund Admiral | | | 17,309,477 |
| | Vanguard | Vanguard Small-Cap Index Fund Institutional | | | 16,812,451 |
| | Vanguard | Vanguard Total International Stock Index Fund Institutional | | | 13,921,085 |
| | Vanguard | Vanguard Total Bond Market Index Fund Institutional | | | 13,309,663 |
| | Vanguard | Vanguard Emerging Markets Stock Index Fund Institutional | | | 11,742,810 |
| | Vanguard | Vanguard Real Estate Index Fund Admiral | | | 10,718,788 |
| | | Registered Investment Companies total | | | 3,164,085,367 |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities | | | | |
| | 1St Indl Rlty Tr Inc | 41,784 Shares of Common Stock | | | 2,766,101 |
| | 3I Group Ord | 10,943 Shares of Common Stock | | | 214,767 |
| | 5Th 3Rd Bancorp | 486,808 Shares of Common Stock | | | 21,200,488 |
| | A.P. Moller-Maersk | 604 Shares of Common Stock | | | 2,165,636 |
| | Aalberts Nv | 16,200 Shares of Common Stock | | | 1,073,303 |
| | Abbvie Inc | 133,098 Shares of Common Stock | | | 18,021,469 |
| | Abcam | 41,500 Shares of Common Stock | | | 974,114 |
| | About You Holding Se | 15,600 Shares of Common Stock | | | 362,967 |
| | Abrdn Plc Ord | 235,257 Shares of Common Stock | | | 767,613 |
| | Academy Sports & Outdoors Inc | 53,471 Shares of Common Stock | | | 2,347,377 |
| | Acadia Pharmaceuticals Inc | 101,486 Shares of Common Stock | | | 2,368,683 |
| | Accenture Plc | 6,398 Shares of Common Stock | | | 2,652,291 |
| | Adecco Group Ag | 33,442 Shares of Common Stock | | | 1,710,363 |
| | Adr Argenx Se Sponsored Ads | 14,413 Shares of Common Stock | | | 5,047,288 |
| | Adr Ascendis Pharma | 79,124 Shares of Common Stock | | | 10,644,551 |
| | Adr Myt Neth Parent B V Ads | 189,732 Shares of Common Stock | | | 4,024,216 |
| | Adr Nice Ltd Sponsored Adr | 54,470 Shares of Common Stock | | | 16,537,092 |
| | Adr Siemens Ag | 135,919 Shares of Common Stock | | | 11,770,585 |
| | Adr Taiwan Semiconductor Manufacturing | 26,590 Shares of Common Stock | | | 3,199,043 |
| | Adr Totalenergies Se Sponsored Adr | 583,724 Shares of Common Stock | | | 28,870,989 |
| | Adr Vnet Group Inc | 23,919 Shares of Common Stock | | | 215,989 |
| | Adtran Inc | 106,737 Shares of Common Stock | | | 2,436,806 |
| | Adyen Nv | 74 Shares of Common Stock | | | 194,519 |
| | Aeon Delight Co.Ltd. | 15,300 Shares of Common Stock | | | 447,753 |
| | Aercap Holdings | 15,476 Shares of Common Stock | | | 1,012,440 |
| | Aerie Pharmaceuticals Inc | 28,582 Shares of Common Stock | | | 200,646 |
| | Afterpay Limited | 3,539 Shares of Common Stock | | | 213,587 |
| | Agc Inc | 2,700 Shares of Common Stock | | | 128,722 |
| | Ageas | 37,802 Shares of Common Stock | | | 1,958,123 |
| | Agree Rlty Corp | 19,502 Shares of Common Stock | | | 1,391,663 |
| | Air Liquide(L') | 36,514 Shares of Common Stock | | | 6,366,418 |
| | Airbus Se | 26,057 Shares of Common Stock | | | 3,329,454 |
| | Aisin Corporation | 59,000 Shares of Common Stock | | | 2,259,476 |
| | Alamo Group Inc | 16,319 Shares of Common Stock | | | 2,401,830 |
| | Alcon Inc | 23,644 Shares of Common Stock | | | 2,095,173 |
| | Alexandria Real Estate Equities Inc | 16,922 Shares of Common Stock | | | 3,772,929 |
| | Alleghany Corp Del | 6,400 Shares of Common Stock | | | 4,272,576 |
| | Allianz Se | 19,981 Shares of Common Stock | | | 4,718,305 |
| | Allied Props Real Trust Units | 65,103 Shares of Common Stock | | | 2,265,192 |
| | Allstate Corp | 24,900 Shares of Common Stock | | | 2,929,485 |
| | Ally Finl Inc | 58,600 Shares of Common Stock | | | 2,789,946 |
| | Alphabet Inc | 6,168 Shares of Common Stock | | | 17,853,790 |
| | Alps Alpine Co Ltd | 61,800 Shares of Common Stock | | | 582,285 |
| | Altarea Reit | 4,524 Shares of Common Stock | | | 862,251 |
| | Alten | 8,400 Shares of Common Stock | | | 1,514,068 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Altice Usa Inc | 207,700 Shares of Common Stock | | | 3,360,586 |
| | Altra Industrial Motion Corp | 84,117 Shares of Common Stock | | | 4,337,914 |
| | Amazon Com Inc | 2,095 Shares of Common Stock | | | 6,985,442 |
| | Ameren Corp | 128,020 Shares of Common Stock | | | 11,395,060 |
| | Ameresco Inc | 75,636 Shares of Common Stock | | | 6,159,796 |
| | American Homes 4 Rent | 82,432 Shares of Common Stock | | | 3,594,860 |
| | American International Group Inc | 622,714 Shares of Common Stock | | | 35,407,518 |
| | American Tower Corp | 9,745 Shares of Common Stock | | | 2,850,413 |
| | Amerisourcebergen Corp | 29,625 Shares of Common Stock | | | 3,936,866 |
| | Ametek Inc New | 46,980 Shares of Common Stock | | | 6,907,939 |
| | Amkor Technology Inc | 182,160 Shares of Common Stock | | | 4,515,746 |
| | Amplifon | 15,200 Shares of Common Stock | | | 820,194 |
| | Ampol Ltd | 34,142 Shares of Common Stock | | | 736,248 |
| | Anglo American | 36,437 Shares of Common Stock | | | 1,488,459 |
| | Annaly Cap Mgmt Inc | 357,700 Shares of Common Stock | | | 2,797,214 |
| | Anritsu Corp | 40,400 Shares of Common Stock | | | 623,428 |
| | Anthem Inc | 49,770 Shares of Common Stock | | | 23,070,386 |
| | Antofagasta Ord | 50,398 Shares of Common Stock | | | 913,681 |
| | Aon Plc | 15,848 Shares of Common Stock | | | 4,763,275 |
| | Apartment Income Reit Corp | 36,485 Shares of Common Stock | | | 1,994,635 |
| | Applied Materials Inc | 105,472 Shares of Common Stock | | | 16,597,074 |
| | Applus Services Sa | 81,000 Shares of Common Stock | | | 744,735 |
| | Apria Inc Com | 189,954 Shares of Common Stock | | | 6,192,500 |
| | Arc Land Sakamoto | 33,800 Shares of Common Stock | | | 481,075 |
| | Arcadis Nv | 28,574 Shares of Common Stock | | | 1,375,811 |
| | Arch Capital Group | 97,700 Shares of Common Stock | | | 4,342,765 |
| | Argan | 7,468 Shares of Common Stock | | | 988,540 |
| | Argen X Se | 168 Shares of Common Stock | | | 60,238 |
| | Argo Group International Holdings | 78,388 Shares of Common Stock | | | 4,555,127 |
| | Aristocrat Leisure | 2,473 Shares of Common Stock | | | 78,339 |
| | Arjo Ab | 97,800 Shares of Common Stock | | | 1,196,865 |
| | Aroundtown Sa | 175,406 Shares of Common Stock | | | 1,061,190 |
| | Ashtead Group Ord | 12,928 Shares of Common Stock | | | 1,040,464 |
| | Asm Intl Nv | 2,670 Shares of Common Stock | | | 1,180,219 |
| | Asm Pacific Tech | 64,400 Shares of Common Stock | | | 695,933 |
| | Asml Holding Nv | 9,500 Shares of Common Stock | | | 7,634,764 |
| | Astec Inds Inc | 31,506 Shares of Common Stock | | | 2,182,421 |
| | Aston Martin Ord | 30,000 Shares of Common Stock | | | 549,771 |
| | Atea Asa | 41,700 Shares of Common Stock | | | 775,524 |
| | Atlantia S.P.A | 39,171 Shares of Common Stock | | | 777,538 |
| | Atlas Copco Ab | 6,808 Shares of Common Stock | | | 400,185 |
| | Atos Se | 11,433 Shares of Common Stock | | | 486,130 |
| | Aurizon Holdings | 630,173 Shares of Common Stock | | | 1,599,004 |
| | Aust & Nz Bank Grp | 62,532 Shares of Common Stock | | | 1,250,712 |
| | Austria Tech Systemtechnik | 26,400 Shares of Common Stock | | | 1,299,956 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Auto1 Grp | 8,778 Shares of Common Stock | | | 194,057 |
| | Avalonbay Cmntys Reit | 20,988 Shares of Common Stock | | | 5,301,359 |
| | Avanos Med Inc | 71,506 Shares of Common Stock | | | 2,479,113 |
| | Avantor Inc | 145,210 Shares of Common Stock | | | 6,119,149 |
| | Aveanna Healthcare Hldgs Inc | 214,768 Shares of Common Stock | | | 1,589,283 |
| | Aveva Group Ord | 53,931 Shares of Common Stock | | | 2,486,515 |
| | Avista Corp | 104,651 Shares of Common Stock | | | 4,446,621 |
| | Aviva Ord | 541,990 Shares of Common Stock | | | 3,012,740 |
| | Axalta Coating Systems Ltd | 98,800 Shares of Common Stock | | | 3,272,256 |
| | Axos Finl Inc | 66,365 Shares of Common Stock | | | 3,710,467 |
| | Azz Inc | 41,897 Shares of Common Stock | | | 2,316,485 |
| | B & M European Value Retail Sa | 108,268 Shares of Common Stock | | | 929,720 |
| | Bae Systems Ord | 13,713 Shares of Common Stock | | | 102,118 |
| | Baker Hughes Co | 52,600 Shares of Common Stock | | | 1,265,556 |
| | Baloise Holding Ag | 7,016 Shares of Common Stock | | | 1,148,094 |
| | Banco Actinver Sa Cbfi (Prologis) | 207,774 Shares of Common Stock | | | 576,975 |
| | Banco Santander | 267,887 Shares of Common Stock | | | 895,797 |
| | Bank Of America Corp | 518,745 Shares of Common Stock | | | 23,078,965 |
| | Bankinter Sa | 154,800 Shares of Common Stock | | | 793,758 |
| | Bapcor Ltd | 125,219 Shares of Common Stock | | | 638,194 |
| | Barclays Plc Ord | 2,661,720 Shares of Common Stock | | | 6,741,662 |
| | Barratt Developments Ord | 74,711 Shares of Common Stock | | | 756,919 |
| | Barry Callebaut Ag | 934 Shares of Common Stock | | | 2,271,573 |
| | Bayerische Motoren Werke A G | 54,154 Shares of Common Stock | | | 5,449,563 |
| | Bbva(Bilb-Viz-Arg) | 102,263 Shares of Common Stock | | | 610,541 |
| | Beazley Plc (United Kingdom) Ord | 140,600 Shares of Common Stock | | | 888,002 |
| | Becton Dickinson & Co | 82,224 Shares of Common Stock | | | 20,677,692 |
| | Becton Dickinson & Co Dep Shs Repstg | 38,013 Shares of Common Stock | | | 2,005,186 |
| | Befimmo Sa | 13,735 Shares of Common Stock | | | 527,156 |
| | Berry Global Group Inc | 17,200 Shares of Common Stock | | | 1,269,016 |
| | Bhg Group Ab | 32,500 Shares of Common Stock | | | 342,630 |
| | Bhp Group Limited | 45,124 Shares of Common Stock | | | 1,361,507 |
| | Bhp Group Plc Ord | 143,640 Shares of Common Stock | | | 4,279,198 |
| | Big Yellow Group (Placing) Ord | 38,415 Shares of Common Stock | | | 888,173 |
| | Bilfinger Se | 12,933 Shares of Common Stock | | | 439,752 |
| | Binggrae | 11,334 Shares of Common Stock | | | 507,229 |
| | Biomerieux | 6,681 Shares of Common Stock | | | 948,944 |
| | Bloomin Brands Inc | 128,208 Shares of Common Stock | | | 2,689,804 |
| | Bluescope Steel | 191,634 Shares of Common Stock | | | 2,911,945 |
| | Bnp Paribas | 125,613 Shares of Common Stock | | | 8,680,820 |
| | Boc Hong Kong Hldg | 119,000 Shares of Common Stock | | | 389,986 |
| | Boeing Co | 34,356 Shares of Common Stock | | | 6,916,550 |
| | Bouygues | 14,330 Shares of Common Stock | | | 513,163 |
| | Bp Ord | 470,931 Shares of Common Stock | | | 2,108,103 |
| | Bqe Cant Vaudoise | 6,440 Shares of Common Stock | | | 500,414 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Brambles Ltd | 26,780 Shares of Common Stock | | | 206,970 |
| | Brandywine Rlty | 22,264 Shares of Common Stock | | | 298,783 |
| | Brembo Spa | 71,000 Shares of Common Stock | | | 1,011,687 |
| | Brenntag Se | 57,151 Shares of Common Stock | | | 5,172,074 |
| | Brewin Dolphin Ord | 196,000 Shares of Common Stock | | | 982,247 |
| | Brigham Minerals Inc | 112,983 Shares of Common Stock | | | 2,382,811 |
| | Britvic Ord | 66,924 Shares of Common Stock | | | 833,936 |
| | Broadstone Net Lease Inc | 56,097 Shares of Common Stock | | | 1,392,328 |
| | Brother Industries | 127,600 Shares of Common Stock | | | 2,449,947 |
| | Brunello Cucinelli | 13,300 Shares of Common Stock | | | 918,073 |
| | Btrs Hldgs Inc | 89,548 Shares of Common Stock | | | 700,265 |
| | Bucher Industries | 2,200 Shares of Common Stock | | | 1,088,954 |
| | Bunge Ltd | 79,264 Shares of Common Stock | | | 7,400,087 |
| | Bunzl Plc Ord | 2,658 Shares of Common Stock | | | 103,864 |
| | Buzzi Unicem Spa | 15,300 Shares of Common Stock | | | 330,149 |
| | C&C Group Ord | 256,968 Shares of Common Stock | | | 808,173 |
| | Cafe De Coral Hldg | 242,000 Shares of Common Stock | | | 431,461 |
| | Cairn Homes Plc Ord | 519,235 Shares of Common Stock | | | 669,521 |
| | Canada Goose Hldgs Inc | 59,045 Shares of Common Stock | | | 2,188,208 |
| | Canadian Pacific R | 84,885 Shares of Common Stock | | | 6,113,951 |
| | Canon Inc | 17,400 Shares of Common Stock | | | 423,233 |
| | Capgemini | 35,523 Shares of Common Stock | | | 8,705,502 |
| | Capitaland Integrated Commercial Trust | 1,085,137 Shares of Common Stock | | | 1,642,013 |
| | Capitaland Investment Ltd | 466,200 Shares of Common Stock | | | 1,179,203 |
| | Carrefour Sa | 195,848 Shares of Common Stock | | | 3,586,879 |
| | Casella Waste Sys Inc | 150,504 Shares of Common Stock | | | 12,856,052 |
| | Castellum Ab | 36,358 Shares of Common Stock | | | 979,040 |
| | Cboe Global Markets Inc | 14,700 Shares of Common Stock | | | 1,916,880 |
| | Cdk Global Inc | 82,300 Shares of Common Stock | | | 3,435,202 |
| | Cdn Apartment Prop Trust Units | 35,573 Shares of Common Stock | | | 1,688,602 |
| | Celanese Corp Del | 34,790 Shares of Common Stock | | | 5,846,807 |
| | Cellnex Telecom Sa | 6,637 Shares of Common Stock | | | 386,286 |
| | Cent Garden & Pet Co | 95,797 Shares of Common Stock | | | 4,583,886 |
| | Centene Corp Del | 140,700 Shares of Common Stock | | | 11,593,680 |
| | Centerpoint Energy Inc | 120,000 Shares of Common Stock | | | 3,349,200 |
| | Century Cmntys Inc | 54,669 Shares of Common Stock | | | 4,471,378 |
| | Cerence Inc | 66,441 Shares of Common Stock | | | 5,092,038 |
| | Cf Inds Hldgs Inc | 191,234 Shares of Common Stock | | | 13,535,543 |
| | Challenger Ltd | 83,894 Shares of Common Stock | | | 398,298 |
| | Charter Hall Group | 53,804 Shares of Common Stock | | | 805,053 |
| | Chegg Inc | 234,313 Shares of Common Stock | | | 7,193,409 |
| | Chesapeake Energy Corp | 22,800 Shares of Common Stock | | | 1,471,056 |
| | Choice Hotels Intl Inc | 2,893 Shares of Common Stock | | | 451,279 |
| | Chubb Ltd Ord | 142,435 Shares of Common Stock | | | 27,534,110 |
| | Chubu Electric Power Co Inc | 56,400 Shares of Common Stock | | | 593,607 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Chuys Holdings Inc | 73,979 Shares of Common Stock | | | 2,228,247 |
| | Ci&T Inc | 84,994 Shares of Common Stock | | | 1,010,579 |
| | Cie De St-Gobain | 54,334 Shares of Common Stock | | | 3,822,863 |
| | Cigna Corp | 65,746 Shares of Common Stock | | | 15,097,254 |
| | Cisco Systems Inc | 190,246 Shares of Common Stock | | | 12,055,889 |
| | Cit Group Inc Stock Merger First Citizens | 53,800 Shares of Common Stock | | | 2,762,092 |
| | Citigroup Inc | 39,292 Shares of Common Stock | | | 2,372,844 |
| | Citrix Sys Inc | 99,349 Shares of Common Stock | | | 9,397,422 |
| | Ck Asset Holdings Ltd | 42,403 Shares of Common Stock | | | 267,320 |
| | Ck Hutchison Hldgs | 511,500 Shares of Common Stock | | | 3,300,085 |
| | Cloetta Ab | 233,900 Shares of Common Stock | | | 676,859 |
| | Close Bros Group Ord | 36,700 Shares of Common Stock | | | 697,905 |
| | Clp Holdings Ltd | 62,000 Shares of Common Stock | | | 626,259 |
| | Cnp Assurances | 8,771 Shares of Common Stock | | | 216,943 |
| | Coca Cola Co | 179,591 Shares of Common Stock | | | 10,633,583 |
| | Cognizant Tech Solutions Corp | 77,950 Shares of Common Stock | | | 6,915,724 |
| | Coloplast | 9,671 Shares of Common Stock | | | 1,701,972 |
| | Columbia Bkg Sys Inc | 135,504 Shares of Common Stock | | | 4,433,691 |
| | Columbus Mckinnon Corp | 50,635 Shares of Common Stock | | | 2,342,375 |
| | Comcast Corp | 310,041 Shares of Common Stock | | | 15,604,364 |
| | Comfort Sys Usa Inc | 45,546 Shares of Common Stock | | | 4,506,321 |
| | Community Healthcare Tr Inc | 71,322 Shares of Common Stock | | | 3,371,391 |
| | Conagra Brands Inc | 267,001 Shares of Common Stock | | | 9,118,084 |
| | Conmed Corp | 32,461 Shares of Common Stock | | | 4,601,671 |
| | Conocophillips | 218,037 Shares of Common Stock | | | 15,737,911 |
| | Contact Energy | 108,200 Shares of Common Stock | | | 600,041 |
| | Cooper Cos Inc | 14,890 Shares of Common Stock | | | 6,238,017 |
| | Copart Inc | 57,790 Shares of Common Stock | | | 8,762,120 |
| | Core Laboratories Nv | 244,119 Shares of Common Stock | | | 5,446,295 |
| | Country Garden Svc | 94,000 Shares of Common Stock | | | 563,062 |
| | Cousins Pptys Inc | 39,191 Shares of Common Stock | | | 1,578,613 |
| | Covestro Ag | 2,307 Shares of Common Stock | | | 142,195 |
| | Credit Agricole Sa | 22,163 Shares of Common Stock | | | 316,307 |
| | Csx Corp | 259,800 Shares of Common Stock | | | 9,768,480 |
| | Ctp N.V | 27,300 Shares of Common Stock | | | 580,552 |
| | Cubesmart | 49,010 Shares of Common Stock | | | 2,789,159 |
| | Cummins Inc | 44,978 Shares of Common Stock | | | 9,811,501 |
| | Cvs Health Corp | 106,781 Shares of Common Stock | | | 11,015,528 |
| | D R Horton Inc | 10,613 Shares of Common Stock | | | 1,150,980 |
| | Dah Sing Financial | 155,600 Shares of Common Stock | | | 471,013 |
| | Dai-Ichi Life Hold | 41,700 Shares of Common Stock | | | 842,112 |
| | Daiichikosho Co | 21,400 Shares of Common Stock | | | 646,711 |
| | Daikyonishikawa Corporation | 74,400 Shares of Common Stock | | | 377,960 |
| | Daimler Truck Hldg | 6,121 Shares of Common Stock | | | 224,764 |
| | Daiwa House Inds | 11,600 Shares of Common Stock | | | 333,227 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Daiwa House Reit Investment Co | 392 Shares of Common Stock | | | 1,186,331 |
| | Daiwa Office Investment Corp Reit | 311 Shares of Common Stock | | | 1,890,495 |
| | Daiwa Securities Living Investment Corp | 550 Shares of Common Stock | | | 565,976 |
| | Danske Bank A/S | 14,344 Shares of Common Stock | | | 247,721 |
| | Dcc Ord | 1,907 Shares of Common Stock | | | 156,268 |
| | Dechra Pharma Ord | 21,800 Shares of Common Stock | | | 1,572,313 |
| | Descente Ltd | 20,900 Shares of Common Stock | | | 768,629 |
| | Deutsche Bank Ag | 221,606 Shares of Common Stock | | | 2,776,650 |
| | Deutsche Boerse Ag | 45,047 Shares of Common Stock | | | 7,535,558 |
| | Deutsche Post Ag | 176,065 Shares of Common Stock | | | 11,320,503 |
| | Deutsche Telekom | 333,272 Shares of Common Stock | | | 6,177,650 |
| | Devon Energy Corp | 214,050 Shares of Common Stock | | | 9,428,903 |
| | Dexcom Inc | 12,100 Shares of Common Stock | | | 6,497,095 |
| | Dexus Property Group | 418,519 Shares of Common Stock | | | 3,383,641 |
| | Diageo Ord Plc | 53,888 Shares of Common Stock | | | 2,945,820 |
| | Diasorin Spa | 3,363 Shares of Common Stock | | | 640,396 |
| | Dic Asset Ag | 48,200 Shares of Common Stock | | | 842,477 |
| | Dieteren Group | 9,000 Shares of Common Stock | | | 1,756,292 |
| | Dip Corporation | 31,300 Shares of Common Stock | | | 1,064,127 |
| | Discovery Inc | 61,600 Shares of Common Stock | | | 1,410,640 |
| | Dish Network Corp | 84,200 Shares of Common Stock | | | 2,731,448 |
| | Dollar Tree Inc | 22,330 Shares of Common Stock | | | 3,137,812 |
| | Dometic Group Ab | 82,600 Shares of Common Stock | | | 1,085,204 |
| | Domino'S Pizza Group Plc Ord | 160,800 Shares of Common Stock | | | 999,246 |
| | Douglas Emmett Inc | 118,690 Shares of Common Stock | | | 3,976,115 |
| | Duckhorn Portfolio Inc | 94,284 Shares of Common Stock | | | 2,200,589 |
| | Dufry Ag | 5,091 Shares of Common Stock | | | 252,273 |
| | E.On Se | 9,748 Shares of Common Stock | | | 135,154 |
| | Ebay Inc | 17,400 Shares of Common Stock | | | 1,157,100 |
| | Ebix Inc | 20,175 Shares of Common Stock | | | 613,320 |
| | Ecovyst Inc | 214,555 Shares of Common Stock | | | 2,197,043 |
| | Electricite de France SA | 156,909 Shares of Common Stock | | | 1,843,254 |
| | Elanco Animal Health Inc | 368,700 Shares of Common Stock | | | 10,463,706 |
| | Elanco Animal Health Inc Unit(1Com&1Sr) | 5,568 Shares of Common Stock | | | 248,667 |
| | Elecom Co | 22,200 Shares of Common Stock | | | 291,682 |
| | Electrolux Ab | 142,148 Shares of Common Stock | | | 3,446,212 |
| | Elementis Ord | 354,600 Shares of Common Stock | | | 632,059 |
| | Elior Group | 85,626 Shares of Common Stock | | | 619,785 |
| | Emmi Ag | 690 Shares of Common Stock | | | 814,838 |
| | Enagas Sa | 106,399 Shares of Common Stock | | | 2,468,338 |
| | Encore Wire Corp | 16,940 Shares of Common Stock | | | 2,424,114 |
| | Endesa Sa | 74,155 Shares of Common Stock | | | 1,703,447 |
| | Eneos Holdings Inc | 338,200 Shares of Common Stock | | | 1,263,753 |
| | Entain Plc | 17,626 Shares of Common Stock | | | 401,792 |
| | Entergy Corp | 77,865 Shares of Common Stock | | | 8,771,492 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Eqt Corp | 64,300 Shares of Common Stock | | | 1,402,383 |
| | Eqty Lifestyle Pptys Inc Reit | 19,820 Shares of Common Stock | | | 1,737,421 |
| | Equinix Inc | 4,657 Shares of Common Stock | | | 3,939,077 |
| | Equitable Hldgs Inc | 427,073 Shares of Common Stock | | | 14,003,724 |
| | Ericsson | 251,031 Shares of Common Stock | | | 2,766,821 |
| | Essex Ppty Tr Reit | 34,491 Shares of Common Stock | | | 12,148,765 |
| | Eurocommercial | 30,197 Shares of Common Stock | | | 655,414 |
| | Eurofins Scientifi | 9,109 Shares of Common Stock | | | 1,127,033 |
| | Euronav | 49,800 Shares of Common Stock | | | 441,734 |
| | Euronet Worldwide Inc | 17,800 Shares of Common Stock | | | 2,121,226 |
| | Euronext | 9,160 Shares of Common Stock | | | 950,529 |
| | Everbridge Inc | 27,602 Shares of Common Stock | | | 1,858,443 |
| | Evergy Inc | 54,400 Shares of Common Stock | | | 3,732,384 |
| | Evn Ag | 32,500 Shares of Common Stock | | | 983,110 |
| | Evraz Plc Ord | 407,894 Shares of Common Stock | | | 3,323,672 |
| | Exclusive Networks | 13,900 Shares of Common Stock | | | 298,090 |
| | Expedia Group Inc | 29,400 Shares of Common Stock | | | 5,313,168 |
| | Experian Ord | 52,664 Shares of Common Stock | | | 2,590,733 |
| | Extra Space Storage Inc | 20,694 Shares of Common Stock | | | 4,691,951 |
| | Exxon Mobil Corp | 213,558 Shares of Common Stock | | | 13,067,614 |
| | Fabege Ab | 111,659 Shares of Common Stock | | | 1,869,031 |
| | Fagron | 35,700 Shares of Common Stock | | | 600,851 |
| | Federal Rlty Invt | 3,201 Shares of Common Stock | | | 436,360 |
| | Federal Signal Corp | 99,028 Shares of Common Stock | | | 4,291,874 |
| | Ferrovial Sa | 76,770 Shares of Common Stock | | | 2,406,067 |
| | Fidelity Natl Finl Inc | 83,131 Shares of Common Stock | | | 4,337,776 |
| | Finecobank Spa | 66,928 Shares of Common Stock | | | 1,174,766 |
| | Firstservice Corp | 70,900 Shares of Common Stock | | | 13,929,723 |
| | Fiserv Inc | 148,100 Shares of Common Stock | | | 15,371,299 |
| | Fjordkraft Hldg | 80,100 Shares of Common Stock | | | 432,914 |
| | Fleetcor Technologies Inc | 17,500 Shares of Common Stock | | | 3,917,200 |
| | Flex Ltd | 129,300 Shares of Common Stock | | | 2,370,069 |
| | Flight Centre Travel Group Ltd | 59,870 Shares of Common Stock | | | 766,972 |
| | Fluidra Sa | 14,510 Shares of Common Stock | | | 580,827 |
| | Forbo Hldgs Ag | 470 Shares of Common Stock | | | 964,605 |
| | Fortinet Inc | 39,690 Shares of Common Stock | | | 14,264,586 |
| | Fortune R/Est Inv | 500,000 Shares of Common Stock | | | 513,705 |
| | Fox Corp Cl A Cl A | 64,207 Shares of Common Stock | | | 2,369,238 |
| | Fox Corp Cl B Cl B | 123,939 Shares of Common Stock | | | 4,247,390 |
| | Fp Corp | 19,300 Shares of Common Stock | | | 656,993 |
| | Fresenius Se&Kgaa | 8,703 Shares of Common Stock | | | 350,356 |
| | Gallagher Arthur J & Co | 63,950 Shares of Common Stock | | | 10,850,397 |
| | Gaming & Leisure Pptys Inc | 40,443 Shares of Common Stock | | | 1,967,956 |
| | Gea Group Ag | 22,204 Shares of Common Stock | | | 1,214,291 |
| | Gecina Sa | 9,320 Shares of Common Stock | | | 1,302,581 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Gen Mtrs Co | 143,298 Shares of Common Stock | | | 8,401,562 |
| | General Electric Co | 403,611 Shares of Common Stock | | | 38,129,131 |
| | Genmab As | 2,920 Shares of Common Stock | | | 1,174,206 |
| | Glaukos Corp | 57,482 Shares of Common Stock | | | 2,554,500 |
| | Global Pmts Inc | 61,110 Shares of Common Stock | | | 8,260,850 |
| | Globant Sa | 29,638 Shares of Common Stock | | | 9,308,999 |
| | Gmo Internet Inc | 22,800 Shares of Common Stock | | | 537,554 |
| | Gn Store Nord | 12,897 Shares of Common Stock | | | 811,060 |
| | Goldman Sachs Group Inc | 36,267 Shares of Common Stock | | | 13,873,941 |
| | Goodman Group | 183,617 Shares of Common Stock | | | 3,537,717 |
| | Goosehead Ins Inc | 18,477 Shares of Common Stock | | | 2,403,488 |
| | Gpt Group | 51,414 Shares of Common Stock | | | 202,603 |
| | Grainger Plc Ord | 304,533 Shares of Common Stock | | | 1,299,295 |
| | Graphic Packaging Hldg Co | 176,500 Shares of Common Stock | | | 3,441,750 |
| | Great Portland Est Ord | 87,378 Shares of Common Stock | | | 861,582 |
| | Grid Dynamics Holdings Inc | 24,832 Shares of Common Stock | | | 942,871 |
| | Griffon Corp | 81,640 Shares of Common Stock | | | 2,325,107 |
| | Gvs Spa | 35,200 Shares of Common Stock | | | 422,311 |
| | Hamilton Lane Inc | 104,269 Shares of Common Stock | | | 10,804,354 |
| | Hansol Chemical Co | 3,760 Shares of Common Stock | | | 966,292 |
| | Hartford Finl Svcs Group Inc | 101,200 Shares of Common Stock | | | 6,986,848 |
| | Healthcare Rlty Tr | 58,973 Shares of Common Stock | | | 1,865,906 |
| | Healthcare Tr Amer Inc | 61,573 Shares of Common Stock | | | 2,055,922 |
| | Helios Towers Plc Ord | 304,200 Shares of Common Stock | | | 708,681 |
| | Hellofresh Se | 41,121 Shares of Common Stock | | | 3,158,360 |
| | Henkel Ag & Co Kgaa | 1,152 Shares of Common Stock | | | 93,197 |
| | Hexpol | 83,000 Shares of Common Stock | | | 1,112,002 |
| | Hill & Smith Ord | 32,290 Shares of Common Stock | | | 785,484 |
| | Hilltop Hldgs Inc | 63,840 Shares of Common Stock | | | 2,243,338 |
| | Hirose Electric | 1,200 Shares of Common Stock | | | 201,537 |
| | Hiscox Ord | 57,500 Shares of Common Stock | | | 670,399 |
| | Hitachi Metals | 43,300 Shares of Common Stock | | | 801,288 |
| | Holcim Ltd | 40,996 Shares of Common Stock | | | 2,092,656 |
| | Hollyfrontier Corp | 74,500 Shares of Common Stock | | | 2,442,110 |
| | Hologic Inc | 132,092 Shares of Common Stock | | | 10,112,964 |
| | Home Depot Inc | 17,800 Shares of Common Stock | | | 7,387,178 |
| | Honda Motor Co | 44,600 Shares of Common Stock | | | 1,250,992 |
| | Hong Kong Exchanges & Clear | 19,000 Shares of Common Stock | | | 1,109,834 |
| | Hongkong Land Hld Ord | 157,100 Shares of Common Stock | | | 816,920 |
| | Horizon Therapeutics Plc | 70,670 Shares of Common Stock | | | 7,615,399 |
| | Hostess Brands Inc | 228,687 Shares of Common Stock | | | 4,669,789 |
| | Hoya Corp | 21,592 Shares of Common Stock | | | 3,208,190 |
| | Hsbc Hldgs Ord | 48,235 Shares of Common Stock | | | 293,112 |
| | Hubspot Inc | 12,310 Shares of Common Stock | | | 8,114,137 |
| | Huntington Bancshares Inc | 717,011 Shares of Common Stock | | | 11,056,310 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Huntington Ingalls Inds Inc | 12,600 Shares of Common Stock | | | 2,352,924 |
| | Husqvarna Ab | 121,288 Shares of Common Stock | | | 1,940,453 |
| | Hysan Development | 193,000 Shares of Common Stock | | | 596,604 |
| | Iac/Interactivecorp | 18,600 Shares of Common Stock | | | 2,431,206 |
| | Iberdrola Sa | 58,096 Shares of Common Stock | | | 687,755 |
| | Ibiden Co Ltd | 21,900 Shares of Common Stock | | | 1,300,821 |
| | Ibstock Plc Ord | 258,500 Shares of Common Stock | | | 713,555 |
| | Ica Gruppen Ab | 8,599 Shares of Common Stock | | | 507,553 |
| | Icon Plc | 58,663 Shares of Common Stock | | | 18,167,931 |
| | Idex Corp | 26,120 Shares of Common Stock | | | 6,172,678 |
| | Idexx Labs Inc | 14,510 Shares of Common Stock | | | 9,554,255 |
| | Igo Ltd | 146,054 Shares of Common Stock | | | 1,217,983 |
| | Iida Group Ltd | 11,700 Shares of Common Stock | | | 271,887 |
| | Ill Tool Wks Inc | 49,834 Shares of Common Stock | | | 12,299,031 |
| | Iluka Resources | 156,388 Shares of Common Stock | | | 1,148,389 |
| | Impinj Inc | 34,464 Shares of Common Stock | | | 3,056,957 |
| | Incitec Pivot | 348,076 Shares of Common Stock | | | 819,942 |
| | Industrial & Infra Reit | 799 Shares of Common Stock | | | 1,541,035 |
| | Indutrade Ab | 49,700 Shares of Common Stock | | | 1,521,655 |
| | Infineon Technolog Ord | 24,564 Shares of Common Stock | | | 1,138,597 |
| | Informa Plc (Gb) Ord | 89,731 Shares of Common Stock | | | 627,856 |
| | Ing Groep N.V. | 391,624 Shares of Common Stock | | | 5,452,035 |
| | Inm Colonial Socim | 134,135 Shares of Common Stock | | | 1,258,441 |
| | Innospec Inc | 22,678 Shares of Common Stock | | | 2,048,731 |
| | Inogen Inc | 8,801 Shares of Common Stock | | | 299,234 |
| | Inspire Med Sys Inc | 10,422 Shares of Common Stock | | | 2,397,685 |
| | Insulet Corp | 20,420 Shares of Common Stock | | | 5,433,149 |
| | Intermed Cap Grp Ord | 27,937 Shares of Common Stock | | | 830,194 |
| | International Consolidated Airline Ord | 1,388,988 Shares of Common Stock | | | 2,680,498 |
| | Interrent Real Est Trust Units | 50,009 Shares of Common Stock | | | 685,315 |
| | Intesa Sanpaolo | 1,264,346 Shares of Common Stock | | | 3,269,590 |
| | Intl Flavors & Fragrances Inc | 105,533 Shares of Common Stock | | | 15,898,546 |
| | Intl Paper Co | 471,313 Shares of Common Stock | | | 22,142,285 |
| | Investor Ab | 27,821 Shares of Common Stock | | | 699,838 |
| | Invitation Homes Inc | 128,926 Shares of Common Stock | | | 5,845,505 |
| | Ipsen Sa | 17,906 Shares of Common Stock | | | 1,639,198 |
| | Ipsos | 27,900 Shares of Common Stock | | | 1,308,775 |
| | Iress Limited | 75,805 Shares of Common Stock | | | 688,925 |
| | Iriso Electronics | 16,500 Shares of Common Stock | | | 621,141 |
| | J & J Snack Foods Corp | 30,210 Shares of Common Stock | | | 4,771,972 |
| | Jack In The Box Inc | 53,390 Shares of Common Stock | | | 4,670,557 |
| | Japan Lifeline Co | 44,600 Shares of Common Stock | | | 424,485 |
| | Japan Metropolitan Fund Invest | 1,115 Shares of Common Stock | | | 959,546 |
| | Japan Post Hold Co | 106,600 Shares of Common Stock | | | 830,176 |
| | Japan Post Insuran | 66,600 Shares of Common Stock | | | 1,069,949 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Jbg Smith Properties | 116,020 Shares of Common Stock | | | 3,330,934 |
| | Jeol Ltd | 17,000 Shares of Common Stock | | | 1,356,693 |
| | Jins Holdings Inc | 11,200 Shares of Common Stock | | | 681,794 |
| | Johnson & Johnson | 111,844 Shares of Common Stock | | | 19,133,153 |
| | Jtower Inc | 12,400 Shares of Common Stock | | | 1,039,121 |
| | Jungheinrich Non-Vtg Prf | 18,800 Shares of Common Stock | | | 959,506 |
| | Juniper Networks Inc | 138,840 Shares of Common Stock | | | 4,957,976 |
| | Jyske Bank A/S | 15,100 Shares of Common Stock | | | 778,059 |
| | Kajima Corp | 200,300 Shares of Common Stock | | | 2,297,740 |
| | Kbc Groep Nv | 4,852 Shares of Common Stock | | | 416,365 |
| | Kddi Corp | 7,900 Shares of Common Stock | | | 230,644 |
| | Kesko Oyj | 8,042 Shares of Common Stock | | | 268,325 |
| | Kilroy Rlty Corp | 28,250 Shares of Common Stock | | | 1,877,495 |
| | Kimberly-Clark Corp | 97,785 Shares of Common Stock | | | 13,975,432 |
| | Kinaxis Inc | 18,800 Shares of Common Stock | | | 2,639,278 |
| | Kingfisher Ord | 570,843 Shares of Common Stock | | | 2,615,662 |
| | Kinross Gold Corp | 276,200 Shares of Common Stock | | | 1,604,722 |
| | Kintetsu World Exp | 30,400 Shares of Common Stock | | | 789,336 |
| | Kinx Inc | 13,400 Shares of Common Stock | | | 563,054 |
| | Klepierre | 49,878 Shares of Common Stock | | | 1,182,638 |
| | Kobe Steel Ltd | 62,200 Shares of Common Stock | | | 311,662 |
| | Kohls Corp | 111,971 Shares of Common Stock | | | 5,530,248 |
| | Kon Ahold Delhaize | 114,481 Shares of Common Stock | | | 3,923,210 |
| | Kone Corporation | 37,578 Shares of Common Stock | | | 2,693,933 |
| | Koninklijke Dsm Nv | 37,978 Shares of Common Stock | | | 8,551,340 |
| | Koninklijke Kpn | 112,637 Shares of Common Stock | | | 349,688 |
| | Koninklijke Philip | 51,555 Shares of Common Stock | | | 1,920,958 |
| | Kraft Heinz Co | 83,200 Shares of Common Stock | | | 2,986,880 |
| | Kratos Defense & Security Solutions Inc | 38,285 Shares of Common Stock | | | 742,729 |
| | Krones Ag Ord | 9,600 Shares of Common Stock | | | 1,046,952 |
| | Kuehne&Nagel Intl | 746 Shares of Common Stock | | | 241,039 |
| | Kyocera Corp | 2,400 Shares of Common Stock | | | 149,788 |
| | Kyung Dong Navien | 17,206 Shares of Common Stock | | | 794,624 |
| | La Francaise Des | 16,537 Shares of Common Stock | | | 732,301 |
| | Lab Corp Amer Hldgs | 11,300 Shares of Common Stock | | | 3,550,573 |
| | Las Vegas Sands Corp | 186,843 Shares of Common Stock | | | 7,032,771 |
| | Latham Group Inc | 217,890 Shares of Common Stock | | | 5,453,787 |
| | Lendingtree Inc | 16,260 Shares of Common Stock | | | 1,993,476 |
| | Lendlease Corp Ltd | 107,864 Shares of Common Stock | | | 838,337 |
| | Lennar Corp | 57,219 Shares of Common Stock | | | 6,646,559 |
| | Lg Innotek Co | 6,580 Shares of Common Stock | | | 2,014,822 |
| | Liberty Broadband Corp | 23,324 Shares of Common Stock | | | 3,757,496 |
| | Liberty Global Plc | 68,100 Shares of Common Stock | | | 1,889,094 |
| | Liberty Media Corp Del | 75,660 Shares of Common Stock | | | 3,847,311 |
| | Lightspeed Commerce Inc | 92,220 Shares of Common Stock | | | 3,728,455 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Linde Plc | 27,492 Shares of Common Stock | | | 9,566,755 |
| | Linea Directa Aseguradora Sa | 379,900 Shares of Common Stock | | | 694,908 |
| | Link Real Estate Investment | 157,500 Shares of Common Stock | | | 1,386,860 |
| | Lion Corp | 21,300 Shares of Common Stock | | | 284,296 |
| | Live Nation Entertainment Inc | 77,000 Shares of Common Stock | | | 9,216,130 |
| | Livent Corp | 85,172 Shares of Common Stock | | | 2,076,493 |
| | Liveperson Inc | 26,336 Shares of Common Stock | | | 940,722 |
| | Lkq Corp | 48,300 Shares of Common Stock | | | 2,899,449 |
| | Loews Corp | 67,694 Shares of Common Stock | | | 3,910,005 |
| | Logitech Intl | 7,633 Shares of Common Stock | | | 644,049 |
| | London Stock Exchange Group Ord | 6,592 Shares of Common Stock | | | 618,747 |
| | Lonza Group Ag | 3,225 Shares of Common Stock | | | 2,695,670 |
| | Loomis Ak | 24,600 Shares of Common Stock | | | 654,000 |
| | Lpl Finl Hldgs Inc | 51,880 Shares of Common Stock | | | 8,305,469 |
| | Lululemon Athletica Inc | 9,170 Shares of Common Stock | | | 3,589,597 |
| | Lvmh Moet Hennessy Louis Vuitton Se | 847 Shares of Common Stock | | | 700,253 |
| | M&G Plc Ord Gbp0.05 | 669,293 Shares of Common Stock | | | 1,808,515 |
| | Magna International Inc | 120,254 Shares of Common Stock | | | 9,733,359 |
| | Maisons Du Monde | 42,900 Shares of Common Stock | | | 993,281 |
| | Mapletree Commercial Trust | 54,100 Shares of Common Stock | | | 80,258 |
| | Mapletree Ind Tst | 392,379 Shares of Common Stock | | | 788,745 |
| | Markel Corp Holding Co | 2,600 Shares of Common Stock | | | 3,208,400 |
| | Marr Spa | 33,200 Shares of Common Stock | | | 713,570 |
| | Marriott Vacations Worldwide Corp | 7,088 Shares of Common Stock | | | 1,197,730 |
| | Marsh & Mclennan Co'S Inc | 72,950 Shares of Common Stock | | | 12,680,169 |
| | Marubeni Corp | 230,500 Shares of Common Stock | | | 2,240,847 |
| | Maruwa Co Ltd | 6,600 Shares of Common Stock | | | 934,219 |
| | Masonite Intl Corp | 40,080 Shares of Common Stock | | | 4,727,436 |
| | Mayr-Melnhof Karto | 3,400 Shares of Common Stock | | | 682,820 |
| | Mazda Motor Corp | 79,300 Shares of Common Stock | | | 609,444 |
| | Mcdonald'S Holding Co Japan | 6,500 Shares of Common Stock | | | 287,308 |
| | Medacta Group Sa | 10,998 Shares of Common Stock | | | 1,714,005 |
| | Medical Pptys Tr Inc | 81,010 Shares of Common Stock | | | 1,914,266 |
| | Medipal Holdings Corp | 26,000 Shares of Common Stock | | | 486,562 |
| | Medtronic Plc | 161,747 Shares of Common Stock | | | 16,732,727 |
| | Megaport Ltd | 78,346 Shares of Common Stock | | | 1,057,205 |
| | Meitec Corporation | 13,000 Shares of Common Stock | | | 764,274 |
| | Melco Intl Dev | 430,000 Shares of Common Stock | | | 524,518 |
| | Melia Hotels Intl | 87,400 Shares of Common Stock | | | 596,547 |
| | Mercedes-Benz Group Ag | 12,243 Shares of Common Stock | | | 941,038 |
| | Merck & Co Inc | 163,066 Shares of Common Stock | | | 12,497,378 |
| | Merck Kgaa | 4,248 Shares of Common Stock | | | 1,096,598 |
| | Merit Med Sys Inc | 66,874 Shares of Common Stock | | | 4,166,250 |
| | Merlin Properties | 112,141 Shares of Common Stock | | | 1,220,431 |
| | Methode Electrs Inc | 45,805 Shares of Common Stock | | | 2,252,232 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Metlife Inc | 346,990 Shares of Common Stock | | | 21,683,405 |
| | Mgm Growth Pptys Llc | 17,551 Shares of Common Stock | | | 716,958 |
| | Michelin (Cgde) | 10,774 Shares of Common Stock | | | 1,766,154 |
| | Microchip Technology Inc | 100,040 Shares of Common Stock | | | 8,709,482 |
| | Microsoft Corp | 96,521 Shares of Common Stock | | | 32,461,943 |
| | Mips Mips | 9,500 Shares of Common Stock | | | 1,245,492 |
| | Misumi Group Inc | 21,800 Shares of Common Stock | | | 893,543 |
| | Mithra Pharmaceuti | 18,800 Shares of Common Stock | | | 427,160 |
| | Mitie Group Ord | 808,000 Shares of Common Stock | | | 705,885 |
| | Mitsubishi Corp | 7,900 Shares of Common Stock | | | 250,539 |
| | Mitsubishi Elec Cp | 9,500 Shares of Common Stock | | | 120,323 |
| | Mitsubishi Estate Co Ltd | 214,500 Shares of Common Stock | | | 2,970,086 |
| | Mitsubishi Hc Cap. | 21,500 Shares of Common Stock | | | 106,235 |
| | Mitsubishi Hvy Ind | 6,900 Shares of Common Stock | | | 159,325 |
| | Mitsui Fudosan Co Ltd | 153,353 Shares of Common Stock | | | 3,034,300 |
| | Mizuho Financial Group | 301,800 Shares of Common Stock | | | 3,834,253 |
| | Mmc Norilsk Nickel Adr | 111,296 Shares of Common Stock | | | 3,442,385 |
| | Moelis & Co | 64,700 Shares of Common Stock | | | 4,044,397 |
| | Molson Coors Beverage Company | 63,785 Shares of Common Stock | | | 2,956,435 |
| | Moneysupermarket.C Ord | 176,339 Shares of Common Stock | | | 515,900 |
| | Mongodb Inc | 8,220 Shares of Common Stock | | | 4,351,257 |
| | Monro Inc | 74,970 Shares of Common Stock | | | 4,368,502 |
| | Montrose Environmental Group Inc | 169,551 Shares of Common Stock | | | 11,955,041 |
| | Moog Inc | 51,592 Shares of Common Stock | | | 4,177,404 |
| * | Morgan Stanley | 29,021,541 Shares of Common Stock | | | 2,848,754,465 |
| | Mori Hills Reit | 432 Shares of Common Stock | | | 585,604 |
| | Ms&Ad Ins Gp Hldgs | 21,300 Shares of Common Stock | | | 656,452 |
| | Msci Inc | 12,310 Shares of Common Stock | | | 7,542,214 |
| | Mtu Aero Engines A | 9,257 Shares of Common Stock | | | 1,888,555 |
| | Munters Group Ab | 82,000 Shares of Common Stock | | | 633,532 |
| | Musti Group Oyj | 12,000 Shares of Common Stock | | | 422,493 |
| | N V R Inc | 400 Shares of Common Stock | | | 2,363,548 |
| | Nagaileben Co | 29,600 Shares of Common Stock | | | 581,950 |
| | Nagarro Se | 4,100 Shares of Common Stock | | | 941,829 |
| | Namen-Akt Belimo Holding Ag | 2,180 Shares of Common Stock | | | 1,387,697 |
| | Namen-Akt Vz Holding Ag | 12,230 Shares of Common Stock | | | 1,312,730 |
| | Natera Inc | 122,567 Shares of Common Stock | | | 11,446,532 |
| | National Storage R Reit Stapled Unit | 720,649 Shares of Common Stock | | | 1,393,701 |
| | Ncr Corp | 23,673 Shares of Common Stock | | | 951,655 |
| | Neogenomics Inc | 30,821 Shares of Common Stock | | | 1,051,613 |
| | Nestle Sa | 56,395 Shares of Common Stock | | | 7,887,811 |
| | Netapp Inc | 66,240 Shares of Common Stock | | | 6,093,418 |
| | Nevro Corp | 50,985 Shares of Common Stock | | | 4,133,354 |
| | New World Devel Co | 459,750 Shares of Common Stock | | | 1,819,233 |
| | Newcrest Mining Ltd | 17,997 Shares of Common Stock | | | 320,314 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | News Corp | 466,506 Shares of Common Stock | | | 10,407,749 |
| | Nexans Sa | 11,400 Shares of Common Stock | | | 1,112,966 |
| | Nextdc Ltd | 93,691 Shares of Common Stock | | | 871,230 |
| | Nextera Energy Inc | 147,473 Shares of Common Stock | | | 13,768,079 |
| | Ngk Insulators Ltd | 8,000 Shares of Common Stock | | | 135,053 |
| | Nice Information S | 44,200 Shares of Common Stock | | | 669,274 |
| | Nielsen Holdings Plc | 225,548 Shares of Common Stock | | | 4,625,989 |
| | Nihon Parkerizing | 47,500 Shares of Common Stock | | | 464,048 |
| | Nippon Accommodati Reit | 33 Shares of Common Stock | | | 189,996 |
| | Nippon Steel Corp | 13,200 Shares of Common Stock | | | 215,329 |
| | Nippon Telegraph & Telephone Corp | 46,900 Shares of Common Stock | | | 1,282,923 |
| | Nisource Inc | 154,900 Shares of Common Stock | | | 4,276,789 |
| | Nitto Denko Corp | 16,500 Shares of Common Stock | | | 1,273,805 |
| | Nitto Kohki Co Ltd | 31,200 Shares of Common Stock | | | 496,090 |
| | Nn Group N.V. | 2,568 Shares of Common Stock | | | 139,037 |
| | Nomura Holdings | 137,700 Shares of Common Stock | | | 599,923 |
| | Nomura Real Estate Master Fu | 536 Shares of Common Stock | | | 753,114 |
| | Northwestern Corp | 77,337 Shares of Common Stock | | | 4,420,583 |
| | Novanta Inc Novanta Inc | 35,738 Shares of Common Stock | | | 6,301,682 |
| | Novartis Ag | 72,321 Shares of Common Stock | | | 6,372,090 |
| | Novo-Nordisk As | 27,361 Shares of Common Stock | | | 3,074,857 |
| | Nutanix Inc | 188,810 Shares of Common Stock | | | 6,015,487 |
| | Nxp Semiconductors N V | 34,265 Shares of Common Stock | | | 7,804,882 |
| | O Reilly Automotive Inc | 2,600 Shares of Common Stock | | | 1,836,198 |
| | Obayashi Corp | 357,000 Shares of Common Stock | | | 2,759,151 |
| | Oc Oerlikon Corp | 74,600 Shares of Common Stock | | | 766,755 |
| | Odfjell Drilling Limited | 204,900 Shares of Common Stock | | | 469,363 |
| | Oge Energy Corp | 110,357 Shares of Common Stock | | | 4,235,502 |
| | Okinawa Cellular | 17,200 Shares of Common Stock | | | 763,250 |
| | Old Rep Intl Corp | 96,800 Shares of Common Stock | | | 2,379,344 |
| | Ollies Bargain Outlet Hldgs Inc | 74,126 Shares of Common Stock | | | 3,794,510 |
| | Olympus Corp | 8,000 Shares of Common Stock | | | 184,065 |
| | On Semiconductor Corp | 80,080 Shares of Common Stock | | | 5,439,034 |
| | Ono Pharmaceutical | 7,300 Shares of Common Stock | | | 181,050 |
| | Orange SA | 325,326 Shares of Common Stock | | | 3,482,441 |
| | Organon & Co | 96,500 Shares of Common Stock | | | 2,938,425 |
| | Palo Alto Networks Inc | 22,320 Shares of Common Stock | | | 12,426,883 |
| | Panasonic Corp | 19,100 Shares of Common Stock | | | 209,817 |
| | Papa Johns Intl Inc | 17,139 Shares of Common Stock | | | 2,287,542 |
| | Park 24 Co Ltd | 40,100 Shares of Common Stock | | | 548,805 |
| | Park Hotels & Resorts Inc | 30,032 Shares of Common Stock | | | 567,004 |
| | Patrizia Ag | 44,900 Shares of Common Stock | | | 1,046,736 |
| | Patterson Cos Inc | 78,231 Shares of Common Stock | | | 2,296,080 |
| | Pdc Energy Inc | 91,415 Shares of Common Stock | | | 4,459,224 |
| | Penta Ocean Const | 123,000 Shares of Common Stock | | | 694,282 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Perella Weinberg Partners | 166,554 Shares of Common Stock | | | 2,141,884 |
| | Perrigo Company Limited | 100,002 Shares of Common Stock | | | 3,890,078 |
| | Persimmon Ord | 10,286 Shares of Common Stock | | | 397,894 |
| | Petiq Inc | 46,106 Shares of Common Stock | | | 1,047,067 |
| | Pfizer Inc | 249,563 Shares of Common Stock | | | 14,736,695 |
| | Philip Morris Intl | 142,580 Shares of Common Stock | | | 13,545,100 |
| | Piper Sandler Companies | 25,000 Shares of Common Stock | | | 4,462,750 |
| | Planet Fitness Inc | 45,362 Shares of Common Stock | | | 4,108,890 |
| | Plymouth Indl Reit Inc | 157,467 Shares of Common Stock | | | 5,038,944 |
| | Porsche Auto Hl Se Non Vtg Prf Npv | 8,274 Shares of Common Stock | | | 785,103 |
| | Post Hldgs Inc | 51,200 Shares of Common Stock | | | 5,771,776 |
| | Potlatchdeltic Corporation | 37,870 Shares of Common Stock | | | 2,280,531 |
| | Power Assets Hldgs | 13,000 Shares of Common Stock | | | 81,038 |
| | Prima Meat Packers | 23,500 Shares of Common Stock | | | 506,917 |
| | Progyny Inc | 228,319 Shares of Common Stock | | | 11,495,862 |
| | Prologis Inc | 42,841 Shares of Common Stock | | | 7,212,711 |
| | Prosegur Seguridad | 198,249 Shares of Common Stock | | | 520,787 |
| | Provident Finl Svcs Inc | 91,831 Shares of Common Stock | | | 2,224,147 |
| | Proximus | 67,293 Shares of Common Stock | | | 1,311,649 |
| | Prysmian Spa | 16,209 Shares of Common Stock | | | 610,313 |
| | Psp Swiss Property | 8,338 Shares of Common Stock | | | 1,040,477 |
| | Publicis Groupe Sa | 39,009 Shares of Common Stock | | | 2,626,174 |
| | Pva Tepla Ag Ord | 19,782 Shares of Common Stock | | | 942,586 |
| | Qiagen Nv | 19,725 Shares of Common Stock | | | 1,098,908 |
| | Qualcomm Inc | 148,255 Shares of Common Stock | | | 27,111,392 |
| | Quest Diagnostics Inc | 44,690 Shares of Common Stock | | | 7,731,817 |
| | Radius Global Infrastructure Inc | 266,116 Shares of Common Stock | | | 4,284,468 |
| | Raffles Medical | 751,061 Shares of Common Stock | | | 763,234 |
| | Rambus Inc Del | 157,239 Shares of Common Stock | | | 4,621,254 |
| | Ranpak Hldgs Corp | 130,068 Shares of Common Stock | | | 4,887,955 |
| | Rapid7 Inc | 17,373 Shares of Common Stock | | | 2,044,628 |
| | Recordati | 13,869 Shares of Common Stock | | | 891,109 |
| | Red Electrica Corp | 4,197 Shares of Common Stock | | | 90,803 |
| | Regency Ctrs Corp | 26,221 Shares of Common Stock | | | 1,975,752 |
| | Reliance Inds Spon Gdr | 42,990 Shares of Common Stock | | | 2,749,211 |
| | Relo Group Inc | 36,800 Shares of Common Stock | | | 664,385 |
| | Renasant Corp | 115,471 Shares of Common Stock | | | 4,382,124 |
| | Renesas Electronics Corporation | 139,400 Shares of Common Stock | | | 1,722,602 |
| | Renewi Plc Ord | 143,738 Shares of Common Stock | | | 1,473,768 |
| | Repay Hldgs Corp | 229,892 Shares of Common Stock | | | 4,200,127 |
| | Repsol Sa | 11,196 Shares of Common Stock | | | 132,872 |
| | Resona Holdings | 893,300 Shares of Common Stock | | | 3,470,648 |
| | Rexel | 71,182 Shares of Common Stock | | | 1,443,306 |
| | Rexford Indl Rlty Inc | 54,730 Shares of Common Stock | | | 4,439,150 |
| | Rhi Magnesita N.V. | 9,200 Shares of Common Stock | | | 411,959 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Ricoh Co Ltd | 38,900 Shares of Common Stock | | | 361,790 |
| | Rio Tinto Limited | 5,541 Shares of Common Stock | | | 403,302 |
| | Rio Tinto Ord | 68,410 Shares of Common Stock | | | 4,532,826 |
| | Roche Hldgs Ag Genusscheine | 25,782 Shares of Common Stock | | | 10,727,055 |
| | Rocket Pharmaceuticals Inc | 73,992 Shares of Common Stock | | | 1,615,245 |
| | Rockwell Automation | 48,885 Shares of Common Stock | | | 17,053,533 |
| | Rohm Co Ltd | 10,200 Shares of Common Stock | | | 927,394 |
| | Roland Corporation | 17,200 Shares of Common Stock | | | 587,000 |
| | Ross Stores Inc | 49,740 Shares of Common Stock | | | 5,684,287 |
| | Rwe Ag | 7,641 Shares of Common Stock | | | 310,383 |
| | Ryohin Keikaku Co | 16,000 Shares of Common Stock | | | 243,706 |
| | S.W. Airl Co | 165,842 Shares of Common Stock | | | 7,104,671 |
| | Sabra Health Care Reit Inc | 62,054 Shares of Common Stock | | | 840,211 |
| | Safestore Hldgs Ord | 92,898 Shares of Common Stock | | | 1,772,884 |
| | Sage Group | 218,497 Shares of Common Stock | | | 2,523,212 |
| | Sam Yung Trading | 45,641 Shares of Common Stock | | | 554,795 |
| | Samhallsbyggnadsbolaget I Norden Ab | 178,306 Shares of Common Stock | | | 1,308,072 |
| | San-Ai Oil Co | 77,200 Shares of Common Stock | | | 894,985 |
| | Sandy Spring Bancorp Inc | 88,792 Shares of Common Stock | | | 4,269,119 |
| | Sanwa Holdings | 44,500 Shares of Common Stock | | | 474,157 |
| | Saul Ctrs Inc | 12,396 Shares of Common Stock | | | 657,236 |
| | Sberbank Of Russia Spon Adr | 168,409 Shares of Common Stock | | | 2,702,964 |
| | Scentre Group | 177,340 Shares of Common Stock | | | 407,435 |
| | Schindler-Hldg Ag | 1,775 Shares of Common Stock | | | 478,256 |
| | Schwab Charles Corp | 301,075 Shares of Common Stock | | | 25,320,408 |
| | Scout24 Se | 7,800 Shares of Common Stock | | | 544,805 |
| | Scsk Corp | 23,700 Shares of Common Stock | | | 471,098 |
| | Seacoast Bkg Corp | 61,310 Shares of Common Stock | | | 2,169,761 |
| | Seagen Inc | 57,419 Shares of Common Stock | | | 8,876,977 |
| | Sealed Air Corp | 38,900 Shares of Common Stock | | | 2,624,583 |
| | Seb Sa | 21,630 Shares of Common Stock | | | 3,367,417 |
| | Secom Co | 1,500 Shares of Common Stock | | | 104,025 |
| | Segro Plc Ord | 276,557 Shares of Common Stock | | | 5,380,880 |
| | Sekisui House | 41,400 Shares of Common Stock | | | 887,644 |
| | Sekisui House Reit | 1,063 Shares of Common Stock | | | 791,100 |
| | Sekisui Jushi Corp | 37,100 Shares of Common Stock | | | 673,667 |
| | Sempra | 141,962 Shares of Common Stock | | | 18,778,733 |
| | Semrush Hldgs Inc | 45,027 Shares of Common Stock | | | 938,813 |
| | Senior | 477,700 Shares of Common Stock | | | 951,121 |
| | Service Stream Ltd | 1,036,004 Shares of Common Stock | | | 606,348 |
| | Seven & I Holdings | 51,300 Shares of Common Stock | | | 2,252,380 |
| | Sgs Sa | 469 Shares of Common Stock | | | 1,568,395 |
| | Shangri-La Asia | 548,000 Shares of Common Stock | | | 457,586 |
| | Shell Plc | 224,963 Shares of Common Stock | | | 4,942,099 |
| | Shift Inc | 5,900 Shares of Common Stock | | | 1,222,474 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Shimizu Corp | 249,100 Shares of Common Stock | | | 1,542,341 |
| | Shinko Elec Inds | 15,300 Shares of Common Stock | | | 729,426 |
| | Ship Healthcare Holdings Inc | 38,100 Shares of Common Stock | | | 886,701 |
| | Showa Denko Kk | 24,900 Shares of Common Stock | | | 522,196 |
| | Siemens Ag | 27,125 Shares of Common Stock | | | 4,709,652 |
| | Signature Bk | 16,171 Shares of Common Stock | | | 5,230,833 |
| | Sim Corp | 6,100 Shares of Common Stock | | | 666,684 |
| | Simmons 1St Natl Corp | 141,939 Shares of Common Stock | | | 4,198,556 |
| | Simon Property Group Inc | 5,182 Shares of Common Stock | | | 827,928 |
| | Singapore Technologies Engineering | 29,700 Shares of Common Stock | | | 82,834 |
| | Sitc International | 159,000 Shares of Common Stock | | | 575,119 |
| | Siteone Landscape Supply Inc | 55,892 Shares of Common Stock | | | 13,541,514 |
| | Sl Corporation | 36,630 Shares of Common Stock | | | 961,393 |
| | Societe Generale | 15,044 Shares of Common Stock | | | 516,748 |
| | Sompo Holdings Inc | 10,100 Shares of Common Stock | | | 426,173 |
| | Sonic Automotive Inc | 92,999 Shares of Common Stock | | | 4,598,801 |
| | Sonic Healthcare | 19,173 Shares of Common Stock | | | 650,010 |
| | Sony Group Corpora | 38,600 Shares of Common Stock | | | 4,852,026 |
| | Sosila Logistics R Reit | 557 Shares of Common Stock | | | 851,305 |
| | Soulbrain Co Ltd | 3,400 Shares of Common Stock | | | 796,551 |
| | South Jersey Inds Inc | 85,589 Shares of Common Stock | | | 2,235,585 |
| | South32 Ltd | 610,296 Shares of Common Stock | | | 1,779,300 |
| | Southern Co | 435,577 Shares of Common Stock | | | 29,871,871 |
| | Southern Co Corporate | 65,119 Shares of Common Stock | | | 3,500,146 |
| | Spar Nord Bank As | 76,800 Shares of Common Stock | | | 981,687 |
| | Splunk Inc | 46,540 Shares of Common Stock | | | 5,385,609 |
| | Sps Comm Inc | 71,218 Shares of Common Stock | | | 10,137,882 |
| | Square Enix Holdings Co Ltd | 18,200 Shares of Common Stock | | | 932,482 |
| | Ss&C Technologies Hldgs Inc | 30,500 Shares of Common Stock | | | 2,500,390 |
| | Sse Plc Ord | 35,879 Shares of Common Stock | | | 801,353 |
| | St James'S Place Ord | 46,100 Shares of Common Stock | | | 1,051,180 |
| | Stabilus S.A. | 13,700 Shares of Common Stock | | | 1,005,666 |
| | Stanley Electric | 3,800 Shares of Common Stock | | | 95,004 |
| | Steadfast Group | 254,091 Shares of Common Stock | | | 969,869 |
| | Stellantis N.V | 123,051 Shares of Common Stock | | | 2,334,932 |
| | Stepan Co | 36,012 Shares of Common Stock | | | 4,475,931 |
| | Stepstone Group Inc | 241,088 Shares of Common Stock | | | 10,022,028 |
| | Stericycle Inc | 128,600 Shares of Common Stock | | | 7,669,704 |
| | Sthree Plc Ord | 145,598 Shares of Common Stock | | | 915,032 |
| | Stmicroelectronics | 77,608 Shares of Common Stock | | | 3,827,655 |
| | Stockland | 162,742 Shares of Common Stock | | | 501,683 |
| | Stora Enso Oyj | 5,874 Shares of Common Stock | | | 107,814 |
| | Store Capital Corporation | 57,649 Shares of Common Stock | | | 1,983,126 |
| | Subaru Corporation | 103,500 Shares of Common Stock | | | 1,848,808 |
| | Sugi Holdings | 9,700 Shares of Common Stock | | | 587,113 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Sumco Corporation | 52,700 Shares of Common Stock | | | 1,075,006 |
| | Sumitomo Corp | 90,500 Shares of Common Stock | | | 1,336,418 |
| | Sumitomo Mitsui Financial Group | 32,200 Shares of Common Stock | | | 1,102,554 |
| | Sumitomo Mitsui Trust Holdings Inc | 8,500 Shares of Common Stock | | | 283,665 |
| | Sumitomo Realty & Development | 18,800 Shares of Common Stock | | | 552,303 |
| | Summit Indl Income Trust Units | 114,017 Shares of Common Stock | | | 2,121,205 |
| | Sun Communities Inc | 19,449 Shares of Common Stock | | | 4,083,707 |
| | Sun Hung Kai Prop | 183,091 Shares of Common Stock | | | 2,221,619 |
| | Sunac Services Hld | 491,927 Shares of Common Stock | | | 501,625 |
| | Suncorp Group Ltd | 184,446 Shares of Common Stock | | | 1,484,503 |
| | Sunstone Hotel Invs Inc | 257,312 Shares of Common Stock | | | 3,018,270 |
| | Suruga Bank | 154,200 Shares of Common Stock | | | 680,245 |
| | Svenska Handelsbanken | 306,314 Shares of Common Stock | | | 3,310,844 |
| | Swire Pacific 'A' | 142,500 Shares of Common Stock | | | 810,625 |
| | Swiss Life Holdings Ag | 952 Shares of Common Stock | | | 584,062 |
| | Swiss Re Ag | 3,785 Shares of Common Stock | | | 374,948 |
| | Swisscom Ag | 1,093 Shares of Common Stock | | | 617,305 |
| | Tabcorp Holdings Ltd | 88,229 Shares of Common Stock | | | 322,017 |
| | Tabula Rasa Healthcare Inc | 69,260 Shares of Common Stock | | | 1,038,900 |
| | Taisei Corp | 77,500 Shares of Common Stock | | | 2,352,156 |
| | Tapestry Inc | 195,740 Shares of Common Stock | | | 7,947,044 |
| | Tate & Lyle Ord | 67,400 Shares of Common Stock | | | 603,792 |
| | Tc Energy Corporation | 176,441 Shares of Common Stock | | | 8,211,564 |
| | Te Connectivity Ltd | 58,662 Shares of Common Stock | | | 9,464,527 |
| | Tecan Group Ag | 3,520 Shares of Common Stock | | | 2,146,035 |
| | Techtarget Inc | 4,560 Shares of Common Stock | | | 436,210 |
| | Tele2 Ab | 9,920 Shares of Common Stock | | | 141,451 |
| | Telecom Italia Spa | 652,772 Shares of Common Stock | | | 322,321 |
| | Teledyne Technologies Inc | 13,990 Shares of Common Stock | | | 6,112,091 |
| | Telefonica Deutsch | 181,571 Shares of Common Stock | | | 504,024 |
| | Telefonica Sa | 461,825 Shares of Common Stock | | | 2,023,022 |
| | Teradyne Inc | 40,490 Shares of Common Stock | | | 6,621,330 |
| | Terreno Rlty Corp | 11,807 Shares of Common Stock | | | 1,007,019 |
| | Terumo Corp | 18,600 Shares of Common Stock | | | 784,994 |
| | Tesco Ord | 176,899 Shares of Common Stock | | | 694,603 |
| | Texas Instruments Inc | 83,229 Shares of Common Stock | | | 15,686,170 |
| | Thales Sa | 2,011 Shares of Common Stock | | | 171,061 |
| | Thermo Fisher Corp | 16,031 Shares of Common Stock | | | 10,696,524 |
| | Tjx Cos Inc | 251,293 Shares of Common Stock | | | 19,078,165 |
| | Tokyo Elec Power H | 401,600 Shares of Common Stock | | | 1,035,780 |
| | Tokyo Electron | 500 Shares of Common Stock | | | 287,786 |
| | Tokyo Ohka Kogyo | 11,700 Shares of Common Stock | | | 690,895 |
| | Tokyo Tatemono Co | 48,700 Shares of Common Stock | | | 710,486 |
| | Toshiba Corp | 26,400 Shares of Common Stock | | | 1,084,382 |
| | Tosoh Corp | 5,600 Shares of Common Stock | | | 82,963 |
| | | | | | |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Towngas China Company Limited | 1,084,000 Shares of Common Stock | | | 942,693 |
| | Toyo Suisan Kaisha | 2,400 Shares of Common Stock | | | 101,602 |
| | Toyota Industries | 17,400 Shares of Common Stock | | | 1,388,615 |
| | Toyota Tsusho Corp | 1,900 Shares of Common Stock | | | 87,447 |
| | Tradeweb Mkts Inc | 55,588 Shares of Common Stock | | | 5,566,582 |
| | Trane Technologies Plc | 32,930 Shares of Common Stock | | | 6,652,848 |
| | Transcat Inc | 19,128 Shares of Common Stock | | | 1,768,001 |
| | Transdigm Group Inc | 12,714 Shares of Common Stock | | | 8,089,664 |
| | Transunion | 73,950 Shares of Common Stock | | | 8,768,991 |
| | Travel + Leisure Co | 13,859 Shares of Common Stock | | | 765,987 |
| | Treasury Wine Esta | 80,911 Shares of Common Stock | | | 728,270 |
| | Triumph Bancorp Inc | 38,256 Shares of Common Stock | | | 4,555,524 |
| | Trustmark Corp | 67,675 Shares of Common Stock | | | 2,196,731 |
| | Tsubaki Nakashima | 68,900 Shares of Common Stock | | | 878,938 |
| | Tsuruha Holdings | 7,600 Shares of Common Stock | | | 728,618 |
| | Twilio Inc | 23,370 Shares of Common Stock | | | 6,154,256 |
| | Tyson Foods Inc | 183,797 Shares of Common Stock | | | 16,019,747 |
| | Ubisoft Entertain | 8,900 Shares of Common Stock | | | 435,915 |
| | Ubs Group Ag | 96,877 Shares of Common Stock | | | 1,745,838 |
| | Ucb | 45,005 Shares of Common Stock | | | 5,135,882 |
| | Ufp Industries Inc | 25,939 Shares of Common Stock | | | 2,386,647 |
| | Ugi Corp | 71,400 Shares of Common Stock | | | 3,277,974 |
| | Ulta Beauty Inc | 21,030 Shares of Common Stock | | | 8,671,510 |
| | Ultra Electronic Holdings Ord | 19,500 Shares of Common Stock | | | 839,895 |
| | Ultragenyx Pharmaceutical Inc | 17,349 Shares of Common Stock | | | 1,458,877 |
| | Unibail-Rodamco-Westfield | 2,567 Shares of Common Stock | | | 179,881 |
| | Unicredit Spa | 75,637 Shares of Common Stock | | | 1,164,979 |
| | Uniper Se | 52,573 Shares of Common Stock | | | 2,499,056 |
| | Unite Group Ord | 154,442 Shares of Common Stock | | | 2,322,988 |
| | United Internet Ag | 2,260 Shares of Common Stock | | | 89,798 |
| | United Parcel Svc Inc | 158,749 Shares of Common Stock | | | 34,026,261 |
| | United Sts Stl Corp | 61,200 Shares of Common Stock | | | 1,457,172 |
| | United Therapeutics Corp Del | 4,500 Shares of Common Stock | | | 972,360 |
| | Unvl Music Group | 11,302 Shares of Common Stock | | | 318,488 |
| | Urban Edge Pptys | 171,547 Shares of Common Stock | | | 3,259,393 |
| | Utd O/S Bank | 13,600 Shares of Common Stock | | | 271,364 |
| | Vail Resorts Inc | 18,430 Shares of Common Stock | | | 6,043,197 |
| | Value Partners | 804,000 Shares of Common Stock | | | 401,160 |
| | Ventas Inc | 72,860 Shares of Common Stock | | | 3,724,603 |
| | Veritex Hldgs Inc | 106,982 Shares of Common Stock | | | 4,255,744 |
| | Vertex Inc | 220,638 Shares of Common Stock | | | 3,501,525 |
| | Viatris Inc | 186,900 Shares of Common Stock | | | 2,528,757 |
| | Viavi Solutions Inc | 302,021 Shares of Common Stock | | | 5,321,610 |
| | Vicat Sa | 18,700 Shares of Common Stock | | | 765,563 |
| | Vici Pptys Inc | 84,166 Shares of Common Stock | | | 2,534,238 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate equities (continued) | | | | |
| | Vifor Pharma Ag | 763 Shares of Common Stock | | | 135,869 |
| | Vistra Corp | 188,300 Shares of Common Stock | | | 4,287,591 |
| | Vistry Group Plc | 62,100 Shares of Common Stock | | | 995,878 |
| | Vodafone Group Ord | 268,114 Shares of Common Stock | | | 407,669 |
| | Volkswagen Ag Non Vtg Prf | 25,627 Shares of Common Stock | | | 5,172,305 |
| | Vonovia Se | 99,059 Shares of Common Stock | | | 5,463,520 |
| | Vontier Corp | 139,600 Shares of Common Stock | | | 4,289,908 |
| | Wacker Chemie Ag | 6,700 Shares of Common Stock | | | 1,002,692 |
| | Walmart Inc | 103,387 Shares of Common Stock | | | 14,959,065 |
| | Walt Disney Co | 99,581 Shares of Common Stock | | | 15,424,101 |
| | Wartsila | 67,071 Shares of Common Stock | | | 942,736 |
| | Waste Connections Inc | 44,510 Shares of Common Stock | | | 6,065,378 |
| | Wells Fargo & Co | 891,563 Shares of Common Stock | | | 42,777,193 |
| | Welltower Inc | 17,629 Shares of Common Stock | | | 1,512,039 |
| | Wesco Intl Inc | 55,110 Shares of Common Stock | | | 7,251,925 |
| | Wesfarmers Ltd | 11,893 Shares of Common Stock | | | 512,756 |
| | West Fraser Timber Ltd | 13,600 Shares of Common Stock | | | 1,296,896 |
| | Westn Digital Corp | 27,000 Shares of Common Stock | | | 1,760,670 |
| | Westpac Bkg Corp | 16,780 Shares of Common Stock | | | 260,468 |
| | Wetherspoon (J.D) Ord | 55,200 Shares of Common Stock | | | 718,498 |
| | Weyerhaeuser Co | 18,296 Shares of Common Stock | | | 753,429 |
| | Wh Group Limited | 898,500 Shares of Common Stock | | | 563,558 |
| | Whiting Pete Corp | 69,492 Shares of Common Stock | | | 4,494,743 |
| | Wienerberger Ag | 37,193 Shares of Common Stock | | | 1,367,849 |
| | Wihlborgs Fast. Ab | 32,281 Shares of Common Stock | | | 732,342 |
| | Williams Co Inc | 131,000 Shares of Common Stock | | | 3,411,240 |
| | Williams Sonoma Inc | 35,880 Shares of Common Stock | | | 6,068,384 |
| | Wilmar International Ltd | 67,100 Shares of Common Stock | | | 206,056 |
| | Wing Tai Holdings | 447,015 Shares of Common Stock | | | 593,522 |
| | Wingstop Inc | 8,893 Shares of Common Stock | | | 1,536,710 |
| | Wolters Kluwer | 9,600 Shares of Common Stock | | | 1,131,014 |
| | Wood Group (John) Ord | 149,800 Shares of Common Stock | | | 387,735 |
| | Xilinx Inc | 37,010 Shares of Common Stock | | | 7,847,230 |
| | Xinyi Glass Hldgs | 165,000 Shares of Common Stock | | | 412,696 |
| | Yamada Holdings Co | 455,300 Shares of Common Stock | | | 1,553,844 |
| | Yamato Holdings | 27,600 Shares of Common Stock | | | 647,847 |
| | Yamazen Corp | 54,200 Shares of Common Stock | | | 506,441 |
| | Zendesk Inc | 86,510 Shares of Common Stock | | | 9,022,128 |
| | Zimmer Biomet Hldgs Inc | 111,329 Shares of Common Stock | | | 14,143,236 |
| | Zon Optimus Sgps Sa | 106,600 Shares of Common Stock | | | 413,379 |
| | Zoominfo Technologies Inc | 97,160 Shares of Common Stock | | | 6,237,672 |
| | Zuken Inc | 38,100 Shares of Common Stock | | | 1,224,176 |
| | Zumtobel Group Ag | 50,800 Shares of Common Stock | | | 444,827 |
| | | Corporate equities total | | | 5,850,149,245 |
| | Cash and cash equivalents | | | | |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Cash and cash equivalents (continued) | | | | |
| | Cash and cash equivalents | Foreign currency | | | 91,963,199 |
| | | Cash and cash equivalents total | | | 91,963,199 |
| | Government securities | | | | |
| | Federal Home Loan Banks | Disc Nt 02-15-2022 0% Disc Nts 15/02/2022 Usd | | | 25,764,384 |
| | Federal Home Loan Banks | Disc Nt 02-14-2022 | | | 24,409,431 |
| | Federal Home Loan Banks | Disc Nt 03-18-2022 0% Disc Nts 18/03/2022 Usd | | | 22,897,647 |
| | Federal Home Loan Banks | Disc Nt 02-16-2022 0% Disc Nts 16/02/2022 Usd | | | 22,079,460 |
| | Federal Home Loan Banks | Disc Nt 03-02-2022 0% Disc Nts 02/03/2022 Usd | | | 17,873,561 |
| | Federal Home Loan Banks | .04% Due 01-28-2022 Reg | | | 17,302,009 |
| | Federal Home Loan Banks | Disc Nt 02-11-2022 0% Disc Nts 11/02/2022 Usd | | | 12,599,727 |
| | Federal Home Loan Banks | Fltg Rt Due 12-16-2022 Reg | | | 12,497,595 |
| | Federal Home Loan Banks | .04% 01-12-2022 | | | 12,219,240 |
| | Federal Home Loan Banks | .055% Due 03-22-2022 | | | 12,062,535 |
| | Federal Home Loan Banks | .035 02-01-2022 | | | 11,322,701 |
| | Federal Home Loan Banks | Float 09/06/22 09-06-2022 | | | 6,525,027 |
| | Federal Home Loan Banks | Fltg Rt Due 02-28-2022 | | | 6,216,160 |
| | Federal Home Loan Banks | Cons Bd Dtd 02/03/2021 Fltg .105% 02-03-2023 | | | 6,001,246 |
| | Federal Home Loan Banks | .055% Due 05-23-2022Reg | | | 5,686,583 |
| | Federal Home Loan Banks | Disc Nt 04-01-2022 0% Disc Nts 01/04/2022 Usd | | | 4,524,005 |
| | Federal Home Loan Banks | Disc Nt 01-14-2022 0% Disc Nts 14/01/2022 Usd | | | 3,899,988 |
| | Federal Home Loan Banks | Disc Nt 02-08-2022 0% Disc Nts 08/02/2022 Usd | | | 3,179,936 |
| | Federal Home Loan Banks | .05% 02-07-2022 | | | 2,849,341 |
| | Federal Home Loan Banks | 1.05% 08-13-2026 | | | 2,173,592 |
| | Federal Home Loan Banks | Fltg Rt 04-28-2022 Reg | | | 1,995,203 |
| | Federal Home Loan Banks | Disc Nt 02-02-2022 0% Disc Nts 02/02/2022 Usd | | | 1,899,968 |
| | Federal Home Loan Banks | Cons Bd Dtd 03/12/2021 Fltg .065% 04-12-2022 | | | 1,684,887 |
| | Federal Home Loan Banks | Cons Bd Dtd 04/30/2021 Fltg .06% 03-30-2022 | | | 1,294,915 |
| | Federal Home Loan Banks | Disc Nt 03-11-2022 0% Disc Nts 11/03/2022 Usd | | | 999,907 |
| | Federal Home Loan Banks | Fltg 03-28-2022 | | | 799,949 |
| | FFCB | Cons Systemwide Bds Dtd .26% 07-20-2022 | | | 25,025,796 |
| | FFCB | Cons Systemwide Bds Dtd .075% 01-12-2023 | | | 9,851,054 |
| | FFCB | Cons Systemwide Bds Fltg Rt Due 07-20-2023 | | | 9,690,104 |
| | FFCB | Fltg 10-21-2022 | | | 8,902,722 |
| | FFCB | Disc Nt 04-19-2022 0% Disc Nts 19/04/2022 Usd | | | 8,672,702 |
| | FFCB | Fltg Rt Due 11-22-2023 Reg | | | 8,560,051 |
| | FFCB | Cons Systemwide Bds 08-22-2023 | | | 6,940,000 |
| | FFCB | Cons Systemwide Bds Dtd .095% 09-08-2022 | | | 6,445,941 |
| | FFCB | Fltg Rt Due 07-11-2022 Reg | | | 6,255,954 |
| | FFCB | Fltg Rt 11-03-2022 | | | 6,073,371 |
| | FFCB | Cons Systemwide Fltg 09-02-2022 | | | 5,418,142 |
| | FFCB | Fltg Rt 10-14-2022 | | | 5,312,988 |
| | FFCB | Disc Nt 06-21-2022 0% Disc Nts 21/06/2022 Usd | | | 5,130,426 |
| | FFCB | Cons Systemwide Bds Dtd .1% 09-28-2023 | | | 4,630,013 |
| | FFCB | Cons Systemwide Bds Dtd .07% 08-10-2022 | | | 4,594,078 |
| | FFCB | Cons Fltg 01-14-2022 | | | 4,465,231 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Government securities (continued) | | | | |
| | FFCB | Cons Systemwide Bds Tr 10-07-2022 | | | 4,236,803 |
| | FFCB | Disc Nt 01-19-2022 0% Disc Nts 19/01/2022 Usd | | | 3,564,984 |
| | FFCB | Disc Nt 01-28-2022 0% Disc Nts 28/01/2022 Usd | | | 3,119,978 |
| | FHLMC | Fltg Due 06-02-2022 Reg | | | 10,512,097 |
| | FHLMC | Dtd 11/10/2020 .115% 11-10-2022 | | | 3,739,989 |
| | FHLMC | .68% Due 08-06-2025/08-06-2021 Reg | | | 2,746,706 |
| | FHLMC | Dtd 10/23/2020 .65% 10-22-2025 | | | 2,152,129 |
| | FHLMC | Dtd 10/27/2020 .65% 10-27-2025 | | | 1,371,294 |
| | FHLMC | Dtd 10/28/2020 .8% 10-28-2026 | | | 1,365,734 |
| | FHLMC | Ser 005115 Cl Cd 1% 08-15-2044 | | | 508,838 |
| | FHLMC | 1% 01-15-2041 | | | 482,411 |
| | FHLMC | Pool #Zm2479 4%01-01-2047 Beo | | | 358,869 |
| | FHLMC | Ser 4678 Cl Af Fltg Rt 12-15-2042 | | | 83,353 |
| | FHLMC | Multiclass Ser 3218 Cl As 09-15-2036 | | | 63,408 |
| | FHLMC | Multiclass Ser 3147 Cl Ls 04-15-2036 | | | 62,227 |
| | FHLMC | Multiclass Ser 4620 Cl Af 11-15-2042 | | | 56,465 |
| | FHLMC | Multiclass Ser 3951 Cl Us Fltg 02-15-2040 | | | 49,216 |
| | FHLMC | Fltg Ser 2007-34 Cl S 04-25-2037 Beo | | | 27,392 |
| | FHLMC | Multiclass Ser 3218 Cl Sa Flg Rt Due 09-15-2036 | | | 4,621 |
| | FHLMC | Multiclass Ser 3828 Cl Sy 02-15-2041 Fltg | | | 3,900 |
| | FNMA | Single Family Mortgage 2.5% 30 Years Settles March | | | 12,204,243 |
| | FNMA | Single Family Mortgage 0% 30 Years Settles February | | | 9,869,723 |
| | FNMA | Single Family Mortgage 4% 30 Years Settles February | | | 7,215,692 |
| | FNMA | Single Family Mortgage 0% 15 Years Settles February | | | 6,135,938 |
| | FNMA | Fltg Due 04-15-2022 Reg | | | 5,766,242 |
| | FNMA | Fltg Due 04-07-2022 Reg | | | 5,079,673 |
| | FNMA | Single Family Mortgage 2% 30 Years Settles January | | | 3,790,203 |
| | FNMA | Single Family Mortgage 3.5% 30 Years Settles March | | | 2,216,766 |
| | FNMA | Tranche 852 .7% Due 07-30-2025 | | | 1,378,152 |
| | FNMA | Sr 06-114 Cl Af Fltg 12-25-2036 | | | 577,527 |
| | FNMA | Ser 19-28 Cl Fj Fltg Due 06-25-2059 Reg | | | 539,061 |
| | FNMA | Single Family Mortgage 3.5% 30 Years Settles March | | | 525,300 |
| | FNMA | Pool #Ap1215 3.5% 06-01-2043 Beo | | | 306,215 |
| | FNMA | Gtd Mtg Pool #Aj1509 4% 09-01-2041 Beo | | | 287,887 |
| | FNMA | Pool #Fm1549 4% 09-01-2048 Beo | | | 213,095 |
| | FNMA | Pool #Ab0183 5% 02-01-2025 Beo | | | 172,128 |
| | FNMA | Pool #Ab9280 4% 05-01-2043 Beo | | | 146,984 |
| | FNMA | Gtd Mtg Pool #Ak2411 4% Due 02-01-2042 Beo | | | 146,078 |
| | FNMA | Pool #Ab1609 4% 10-01-2025 Beo | | | 132,339 |
| | FNMA | Gtd Mtg Pool #Ai2095 4% 05-01-2026 Beo | | | 120,522 |
| | FNMA | Pool #Ao1771 4% 05-01-2042 Beo | | | 95,842 |
| | FNMA | Pool #Bn0874 4% Due 11-01-2048 Reg | | | 90,651 |
| | FNMA | Fnr 2007-56 Gs Flt Rt 06-25-2037 | | | 70,332 |
| | FNMA | Ser 2007-89 Cl Sd Fltg Rt 09-25-2037 | | | 37,945 |
| | FNMA | Gtd Mtg Pool #Al5548 2.033% Due 05-01-2038 Beo | | | 31,005 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Government securities (continued) | | | | |
| | FNMA | Gtd Mtg Ah6737 4 2-1-2026 | | | 30,353 |
| | FNMA | Remic Tr 2011-60 Cl-Oa Prin Only 08-25-2039 Reg | | | 24,388 |
| | FNMA | 00.000Fnra361225Be#Mbs Remic Adjustable 12-25-2036 | | | 22,035 |
| | FNMA | Ser 2007-32 Cl Sa Fltg Rt 04-25-2037 | | | 17,260 |
| | FNMA | Gtd Mtg Pool #Ah9391 4% 03-01-2026 Beo | | | 16,151 |
| | FNMA | 2007-15 Cl Ai Var 03-25-2037 | | | 9,589 |
| | FNMA | Fr Cmo 25/03/37 Usd 03-25-2037 | | | 4,345 |
| | FNMA | Remic Tr 2010-2 Cl-Gf Fltg 12-25-2049 | | | 4,341 |
| | FNMA | Remic Tr 2009-87 Cl-Hs Var Rate 11-25-2039 | | | 3,701 |
| | FNMA | 2007-4 Cl Sl Fltg Rt 02-25-2037 | | | 3,136 |
| | FNMA | Ser 2011-40 Cl Sx Var Rt Due 11-25-2040 Beo | | | 1,100 |
| | FNMA | Gtd Mtg Pool #Al1378 6Due 02-01-2027 Beo | | | 603 |
| | France | Idx/Lkd Snr 01/03/2026 Eur1 | | | 1,555,538 |
| | France | Idx/Lkd Snr 25/07/2024 Eur1 | | | 811,720 |
| | France | Idx/Lkd Snr 25/07/2027 Eur1 | | | 163,634 |
| | GNMA | Ii Jumbos 0% 30 Years Settles February | | | 15,949,781 |
| | GNMA | 2% 01-15-2051 | | | 2,019,063 |
| | GNMA | Pool #Ma5764 4.5% 02-20-2049 Beo | | | 603,870 |
| | GNMA | Remic Passthru Ctf Sr 20-H14 Cl Fh 0.0% 08-20-2070 | | | 560,514 |
| | GNMA | 2017-H05 Remic Passthru Ctf Cl Fc Fltg 02-20-2067 | | | 421,337 |
| | GNMA | 2017-H14 Remic Passthru Ctf Cl Fg 06-20-2067 | | | 409,225 |
| | GNMA | Ser 15-H08 Cls Fb Fltg Due 03-20-2065 | | | 336,211 |
| | GNMA | 2016-H17 Mtg Pass Thru Ctf Cl Mx Fc08-20-2066 | | | 314,704 |
| | GNMA | Pool #Ma5265 4.5% 06-20-2048 Beo | | | 290,704 |
| | GNMA | Pool #Ak8998 3% 07-15-2045 Beo | | | 193,076 |
| | GNMA | Ser 2015-H20 Cl Fb Flt Rt 08-20-2065 | | | 175,795 |
| | GNMA | Fltg Rt Ser 18-H15 Cl Fg 08-20-2068 Reg | | | 116,117 |
| | GNMA | Pool #Al1871 3% 01-15-2045 Beo | | | 87,863 |
| | GNMA | Pool #Ab9437 3.5 Due 11-15-2042 Reg | | | 87,124 |
| | GNMA | Pool #Am4137 3.5% 04-15-2045 Beo | | | 86,617 |
| | GNMA | Remic 2015-H30 Cl Fd Flt Rt 10-20-2065 | | | 78,172 |
| | GNMA | 2016-H20 Remic Passthru Ctf Cl Fg 08-20-2066 | | | 72,503 |
| | GNMA | Pool #Al5414 3.5% 02-15-2045 Beo | | | 71,788 |
| | GNMA | 2016-H13 Remic Pass Thru Secs Cl Ft05-20-2066 | | | 71,060 |
| | GNMA | Remic Sr 16-H09 Cl Fb Fltg Rt 04-20-2066 | | | 60,793 |
| | GNMA | Remic Ser 2013-H16 Cl Fa Fltg 07-20-2063 | | | 57,607 |
| | Illinois St | Taxable-Ser 1-Build Amer 6.63% Due 02-01-2035 Beo Taxable | | | 867,446 |
| | Israel | 0.75% Gtd 31/07/22 Ils1000 | | | 420,838 |
| | Israel | 5.5% Snr 31/01/2022 Ils1000 | | | 406,760 |
| | Italy | Idx/Lkd Snr 26/05/2025 Eur | | | 5,834,772 |
| | Italy | Idx/Lkd Snr 15/05/2030 Eur | | | 4,167,800 |
| | Kuwait | 3.5% Snr Mtn 20/03/2027 Usd | | | 654,573 |
| | Los Angeles Cnty | Calif Pub Wks Fing Authlease Rev 6.091% 08-01-2022 Beo Taxable | | | 412,896 |
| | Mexico | 4.5% Index Linked Bds22/11/35 Mxn100 | | | 391,436 |
| | New York | N Y City Hsg Dev Corp Mltifam Mtg Rev 3.709 02-15-2048 Beotaxable | | | 733,414 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Government securities (continued) | | | | |
| | New York | St Dorm Auth St Pers Income Taxrev 5.289% 03-15-2033 Beo Taxable | | | 601,090 |
| | New Zealand | 2% Idx/Lkd 20/09/25 | | | 1,022,916 |
| | Peru | Bnds 8.2% 12/08/2026 | | | 656,654 |
| | Peru | 6.15% Gtd 12/08/2032 Pen | | | 226,638 |
| | Port Auth N Y & N J | 3.287% Due 08-01-2069 Reg Taxable | | | 314,962 |
| | Riverside Cnty Calif Pension Oblig | 3.818% 02-15-2038 Beo Taxable | | | 560,497 |
| | Saudi Arabia | 2.875% Snr Mtn 04/03/23 Usd | | | 615,052 |
| | Saudi Arabia | 3.625% Snr Mtn 04/03/28 Usd | | | 218,176 |
| | Secretaria Tesouro | 0% T-Bill 01/04/22 Brl1000 | | | 6,017,172 |
| | Small Business Admin | Gtd Dev Partn Ctf 5.12 Due 11-01-2027 Reg | | | 114,179 |
| | Texas Transn Commn St Hwy Fd | Rev 5.028% 04-01-2026 Beo Taxable | | | 551,099 |
| | Tobacco Settlement Fin Auth West Va | Asset Backed 2.02 06-01-2027 Beo Taxable | | | 297,800 |
| | United Kingdom | 0.125% I/L Snr 22/03/24 Gbp | | | 1,527,678 |
| | United Kingdom | 1.875% I/L Stk 22/11/22 Gbp | | | 875,964 |
| | United States | Treas Bills Due 03-03-2022Reg | | | 76,569,039 |
| | United States | Treas Bills 0.0% Due 03-10-2022 Reg | | | 73,653,360 |
| | United States | Treas Bills 0% 03-31-2022 | | | 27,266,529 |
| | United States | Treas Bills 05-03-2022 Treas Bills | | | 27,103,976 |
| | United States | Treas Bills 06-16-2022 | | | 24,435,381 |
| | United States | Treas Bills 06-23-2022 | | | 21,992,488 |
| | United States | Treas Nts 0.125% 07-15-2031 | | | 19,130,867 |
| | United States | Treas Bills 0% 03-31-2022 | | | 16,897,849 |
| | United States | Treas Bills 04-26-2022 | | | 14,271,639 |
| | United States | Treas Bills 0% Due 04-21-2022 | | | 12,597,212 |
| | United States | Treasury Infl Indx 0.125% 01-15-2030 | | | 12,310,221 |
| | United States | Treas Bills 03-01-2022 | | | 11,980,436 |
| | United States | Treas Bills 06-30-2022 | | | 11,569,408 |
| | United States | Treas Bills 0.0% Due 03-10-2022 Reg | | | 11,499,104 |
| | United States | Treas Bills 0% 03-31-2022 | | | 11,098,587 |
| | United States | Treas Nts 0.5% 04-15-2024 | | | 10,642,103 |
| | United States | Treas Nts 1.375% Due 01-31-2022 Reg | | | 10,365,318 |
| | United States | Treas Nts Infl Idx Dtd 04-15-2017 0.125% Due 04-15-2022 | | | 10,011,163 |
| | United States | Treas Notes Fltg Rt Due 01-31-2023 Reg | | | 10,003,860 |
| | United States | Treas Nts Fltg Tr Due 07-31-2023 Reg | | | 10,001,449 |
| | United States | Tsy Infl Ix N/B 15/10/2026 10-15-2026 | | | 9,911,010 |
| | United States | Treas Bills 0% 03-24-2022 Reg | | | 9,873,771 |
| | United States | Treas Bills Due 03-03-2022Reg | | | 8,799,315 |
| | United States | Treas Bills Due 02-17-2022Reg | | | 8,599,678 |
| | United States | Treas Bills 0% 04-12-2022 | | | 8,519,160 |
| | United States | Treas Infl Index Nts 0.500005% 01-15-2028 | | | 8,384,777 |
| | United States | Treas Nts Infl Idx 0.625% 04-15-2023 | | | 8,104,125 |
| | United States | Treas Infl Idx 0.25% 07-15-2029 | | | 8,028,290 |
| | United States | Tsy Infl Ix N/B Us Gvt National 0.375%01-15-2027 | | | 7,762,060 |
| | United States | Tsy Infl Ix N/B .125% Due 10-15-2024 Reg | | | 7,717,854 |
| | United States | Treas Infl Indexed Nts .125% 01-15-2023 | | | 7,687,343 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Government securities (continued) | | | | |
| | United States | Treas Bills Due 02-24-2022Reg | | | 7,499,702 |
| | United States | Tsy Infl Ix N/B 0.375% 07-15-2027 | | | 7,304,881 |
| | United States | Treas Bds 1.375 02-15-2044 Reg | | | 7,017,030 |
| | United States | Treas Nts .125% Due 04-15-2025 Reg | | | 6,302,623 |
| | United States | Treas Bds 2.125 2-15-2041 | | | 6,162,818 |
| | United States | Wi Treasury Sec .125% Due 05-31-2022 Reg | | | 6,039,056 |
| | United States | Treas Nts Dtd 11/15/2016 2.0% 11-15-2026 Reg | | | 5,899,945 |
| | United States | Infl Indxd Treas Notes 0.25% Tb 01-15-25 Usd1000 A-2025 | | | 5,882,568 |
| | United States | Treas Notes Nts 0.125% Infl Index 07-15-2026 | | | 5,640,341 |
| | United States | Treas Bds Dtd 00271 1.125%Due 08-15-2040 | | | 5,606,000 |
| | United States | Bds Indx Lnkd 0.875% 02-15-2047 | | | 5,385,280 |
| | United States | Tsy Infl Ix N/B Treas Bonds 0.75% 02-15-2045 | | | 5,084,024 |
| | United States | Treas Infl Indexed Bonds 2.375 Due 01-15-2025 Beo | | | 5,081,962 |
| | United States | Treas Notes Infl Idx T-Bond .875% 01-15-2029 | | | 5,070,023 |
| | United States | Treas Bills 09-08-2022 | | | 4,895,763 |
| | United States | Treas Bonds 04-15-2028 | | | 4,889,653 |
| | United States | Treas Notes 0.125% 01-15-2031 | | | 4,809,603 |
| | United States | Treas Infl Indexed Nts 0.75% 07-15-2028 | | | 4,797,968 |
| | United States | Treas Nts Infl Idx Dtd 0.625% 01-15-2026 | | | 4,732,417 |
| | United States | Treas Nts .125% Due 07-15-2030 | | | 4,468,910 |
| | United States | Treas Infl Indexed Nts .125% 07-15-2022 | | | 4,425,820 |
| | United States | Tsy Infl Ix Treas Bd 0.625 01-15-2024 | | | 4,242,726 |
| | United States | Treas Bills 0% 03-24-2022 Reg | | | 4,199,477 |
| | United States | Treas Notes Inflation Index 0.125 Nts 07-15-2024 | | | 4,099,296 |
| | United States | Treas Bonds 0.75 Deb Tips 02-15-2042 | | | 4,086,774 |
| | United States | Treas Bds Tsy Infl Ix N/B 02-15-2046 | | | 4,055,102 |
| | United States | Treas Bills Due 02-17-2022Reg | | | 3,799,858 |
| | United States | Treas Bds Index Linked 1.75 Due 01-15-2028 Reg | | | 3,633,778 |
| | United States | Treas Notes 2.0% 11-30-2022 | | | 3,253,476 |
| | United States | Treas Bds 0.125% 02-15-2051 | | | 3,211,425 |
| | United States | Treas Notes 0.125%04-15-2026 | | | 3,188,446 |
| | United States | Treas Bds Index Linked 2.5 Due 01-15-2029 Reg | | | 3,178,725 |
| | United States | Tsy Infl Ix N/B 1% Tips 02-15-2048 | | | 2,885,451 |
| | United States | Treas Bds 2.875% 05-15-2049 Reg | | | 2,782,012 |
| | United States | Treas Bills 12-29-2022 | | | 2,465,677 |
| | United States | Treasury Dtd 02/15/2010 02-15-2040 | | | 2,391,166 |
| | United States | Treas Bills Due 03-03-2022Reg | | | 2,199,829 |
| | United States | Treasury N/B 2% Due 02-15-2050 Reg | | | 2,142,574 |
| | United States | Treas Bills 04-07-2022 Treas Bills | | | 2,099,600 |
| | United States | Treas Bills 04-05-2022 | | | 2,029,621 |
| | United States | Treas Nts Dtd 05-15-2019 2.125% Due 05-15-2022 Reg | | | 2,014,453 |
| | United States | Treas Bills 02-03-2022 | | | 1,999,948 |
| | United States | Treas Bds 1.375% 11-15-2040 | | | 1,645,664 |
| | United States | Treas Bds Tbond Fixed 3% 02-15-2049 | | | 1,604,738 |
| | United States | Treas Bds Index Linked 2.00 Due 01-15-2026 Reg | | | 1,413,188 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Government securities (continued) | | | | |
| | United States | Treas Bonds 0.625% Tips Infl Idx 02-15-2043 Usd1000 | | | 1,376,915 |
| | United States | Treas Bills 03-17-2022 Treas Bills | | | 1,199,866 |
| | United States | Treas Infl Nts 0.375% Dtd 07/15/2015 07-15-2025 | | | 1,098,793 |
| | United States | Treas Bds 1.25% Due 05-15-2050 | | | 1,023,938 |
| | United States | Treas Notes 0.125% Tbill 10-15-2025 | | | 919,742 |
| | United States | Treas Bonds 0% T-Bond 02-15-2050 | | | 899,161 |
| | United States | Treas Nts Tips .375 07-15-2023 | | | 891,304 |
| | United States | Treas Nts .125% Due 06-30-2022 Reg | | | 889,652 |
| | United States | Treas Bds 1.875% Due 02-15-2041 Reg | | | 794,344 |
| | United States | Treas Bonds 1.0% 02-15-2049 | | | 687,106 |
| | United States | Treas Bds Inflation Index Linked 3.875% 04-15-2029 | | | 520,521 |
| | United States | Treas Bds 2% 11-15-2041 | | | 507,344 |
| | United States | Treas Bds 1.875% 11-15-2051 | | | 498,359 |
| | United States | Treas Bds Treasury Bond 2.375% Due 11-15-2049 Reg | | | 441,297 |
| | United States | Treas Bds 2.25% 05-15-2041 Reg | | | 421,438 |
| | United States | Treas Nts .5% Due 02-28-2026 Reg | | | 388,828 |
| | United States | Treas Bds 3% Due 05-15-2047 Reg | | | 365,531 |
| | United States | Treas Bds 2.25% 08-15-2049 | | | 322,465 |
| | United States | Treas 1.75% Due 02-28-2022 | | | 280,734 |
| | United States | Treas .375% Due 03-31-2022 | | | 280,190 |
| | United States | Treas Infl Indexed Bonds 3.375 Due 04-15-2032 Ar12 Due 04-15-32 Reg | | | 250,481 |
| | United States | Treas Nts Dtd 06-15-2019 1.75% 06-15-2022 | | | 236,698 |
| | United States | Treas Nts Dtd 604 2.375% Due 08-15-2024 Reg | | | 207,711 |
| | United States | Treas 2.125% 11-30-2024 | | | 206,727 |
| | United States | Treas Bds Dtd 11/15/2020 1.625% 11-15-2050 | | | 187,211 |
| | United States | Treas Bds Index Linked Notes 2.375 Due 01-15-2027 Reg | | | 99,439 |
| | United States | Treas Nts 1.875% 08-31-2024 | | | 10,257 |
| | Argentina | Frn Snr 04/2022 Ars1 | | | 2,065 |
| | Australia | (Cmnwlth) Idx/Lkd Snr 20/09/2025 Aud | | | 542,936 |
| | Australia | Index Linked Bnds 1.25% 21/02/2022 | | | 445,108 |
| | Bank Of Israel | 0% T-Bill 06/04/22 Ils1000 | | | 1,158,977 |
| | Bank Of Israel | 0% T-Bill 07/09/22 Ils1000 | | | 1,029,996 |
| | Bank Of Israel | 0% T-Bill 07/10/22 Ils1000 | | | 579,720 |
| | Bank Of Israel | 0% T-Bill 02/03/22 Ils1000 | | | 386,326 |
| | California Earthquake Auth | Rev 1.327% 07-01-2022 Beo Taxable | | | 401,230 |
| | California Earthquake Auth | Rev 1.477% 07-01-2023 Beo Taxable | | | 302,665 |
| | Canada | 4.25% Idx/Lkd 01/12/26 Cad | | | 327,633 |
| | | Government securities total | | | 1,233,198,628 |
| | Corporate debt instruments | | | | |
| | 1211 Ave Of The | 3.9005% Due 08-10-2035 | | | 212,476 |
| | 144A Labl Inc | New Issue 5.875% 11-01-2028 | | | 41,225 |
| | 2021-2 Incremental | Term Loan (First Lien) Due 05-04-2026 Beo | | | 92,448 |
| | 522 Fdg Clo 2018-3 A Ltd | 1.294% 10-20-2031 | | | 299,808 |
| | Aadvantage Loyality Ip Ltd. | Term Loan Due 03-10-2028 | | | 268,960 |
| | Abbvie Inc | 3.2% 11-06-2022 | | | 305,075 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Acadia Healthcare | 5.5% Due 07-01-2028 | | | 44,145 |
| | Acrisure Llc | 7% Due 11-15-2025 | | | 103,000 |
| | Acrisure Llc | 10.125% Due 08-01-2026 | | | 333,679 |
| | Aecom | 5.125% Due 03-15-2027 | | | 236,388 |
| | Alarm.Com | 342Qa9Z 01-20-2022 | | | 99,000 |
| | Alcoa Inc | 5.125% Due 10-01-2024 | | | 59,263 |
| | Alcoa Inc | 5.9% Due 02-01-2027 | | | 89,115 |
| | Alexandria Real | 2.75% Due 12-15-2029 | | | 412,602 |
| | Almonde Inc Almonde, Inc. | Term Loan (Second Lien) Sr Secd Due 06-13-2025 Beo | | | 204,061 |
| | Almonde Inc. | Term Loan B Due 06-13-2024 Beo | | | 356,395 |
| | Alta Equip Group | 5.625% Due 04-15-2026 | | | 249,928 |
| | Altice France S A | 5.5% Due 10-15-2029 | | | 241,325 |
| | Amc Networks Inc | 4.25% Due 02-15-2029 Reg | | | 188,813 |
| | Amc Networks Inc | 4.75% Due 08-01-2025 | | | 188,931 |
| | Amerigas Partners | 5.625% Due 05-20-2024 | | | 141,633 |
| | Amerigas Partners | 5.75% Due 05-20-2027 | | | 82,969 |
| | Amerigas Partners | 5.875% Due 08-20-2026 | | | 22,370 |
| | Amern Axle & Mfg | 5% Due 10-01-2029 | | | 182,447 |
| | Antero Midstream | 5.75% Due 01-15-2028 | | | 115,349 |
| | Apidos Clo Xxvii | Sr Secd Nt Cl A-1R 144A 1.17129% 07-17-2030 | | | 1,197,012 |
| | Archrock Partners | 6.875% Due 04-01-2027 | | | 108,150 |
| | Arconic Inc | 5.95% Due 02-01-2037 | | | 91,053 |
| | Ares European Clo | 15/10/2031 .78% 15/10/2031 | | | 341,245 |
| | Ares European Cvii Frn Clo | 10/2030 Eur 'A-1' | | | 568,074 |
| | Ares Lii Clo Ltd | 1.30886% 04-22-2031 | | | 299,461 |
| | Asbury Automotive | 5% Due 02-15-2032 | | | 98,582 |
| | Asbury Automotive Group Inc | 4.625% 11-15-2029 | | | 160,963 |
| | Asset Backed Fdg Corp | 2004-Opt3 Asset Bkd Ctf Cl A-4 11-25-2033 Reg | | | 298,965 |
| | Asurion Llc Usd | Second Lien Term Loan B3 Due 01-31-2028 Beo | | | 68,170 |
| | Asurion, Llc (Fka Asurion Corporation) | Term Loan B4 (Second Lien) Due 01-15-2029 | | | 192,410 |
| | At&T Inc | 2.55% Due 12-01-2033 | | | 1,876,559 |
| | Athenahealth, Inc | Fltg Rt Tbl 02-11-2026 | | | 243,512 |
| | Atmos Energy Corp | Sr Nt Fltg .57825% 03-09-2023 | | | 599,980 |
| | Avalonbay Cmntys Inc | Fixed 3.3% 06-01-2029 Reg | | | 108,037 |
| | Azalea Topco, Inc. | Initial Term Loan (First Lien) Due 07-24-2026 | | | 76,218 |
| | B & G Foods Inc | 5.25% Due 04-01-2025 | | | 56,176 |
| | B A T Cap Corp | Fixed 3.557% Due 08-15-2027 | | | 209,895 |
| | Bacardi Ltd | 4.45% Due 05-15-2025 | | | 1,084,094 |
| | Baidu Inc | 1.72% Due 04-09-2026 | | | 197,464 |
| | Baidu Inc | 4.875% 11-14-2028 | | | 1,145,370 |
| | Bamll Coml Mtg | Fltg Rt 1.156% Due 09-15-2038 | | | 399,873 |
| | Banc Of America Merrill Lynch | Large Lo Series 2015-200P Class A 3.218% 4-14-33 | | | 730,568 |
| | Banco Santander Sa Frns | 4/12/2023 | | | 202,024 |
| | Bank Amer Corp | 3.419% 12-20-2028 | | | 310,912 |
| | Bank Amer Corp | 5.875% Due 12-31-2049 | | | 89,000 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Bank Amer Corp | Fltg Rt 1.486% Due 05-19-2024 | | | 302,198 |
| | Bank Amer Corp | Medium Term Sr Nt Ser M 03-05-2024 | | | 201,005 |
| | Bank Of America Corporation | Mtn 1.53% Due 12-06-2025/06-06-2022 Reg | | | 400,956 |
| | Banque Federative | Fltg Rt 3.5515% Due 07-20-2023 | | | 202,362 |
| | Barclays Bk Plc | 7.625 Due 11-21-2022 | | | 309,120 |
| | Barclays Plc | 2.852% Due 05-07-2026 | | | 412,716 |
| | Barclays Plc | 3.684% Due 01-10-2023 | | | 200,093 |
| | Barclays Plc | 4.375% Due 01-12-2026 | | | 984,359 |
| | Barclays Plc | Fixed 6.125% Due 12-31-2049 | | | 216,420 |
| | Barclays Plc | Fltg Rt 5.088% Due 06-20-2030 | | | 227,063 |
| | Barry Callebaut | Nv 5.5% Due 15/06/2023 Usd | | | 318,592 |
| | Bausch Health Companies | Tlb 06-02-2025 | | | 89,528 |
| | Bayer Us Fin Ii | 4.375% Due 12-15-2028 | | | 670,705 |
| | Bayer Us Fin Ii Llc | Gtd Nt Fltg Rate 144A Due 12-15-2023/06-25-2018 Beo | | | 302,465 |
| | Bds 2020-Fl6 Ltd | 1.46448% 09-15-2035 | | | 668,038 |
| | Bear Stearns Asset Backed Secs I Tr | 2006-He8 Cl Ii-1A-3 10-25-2036 Reg | | | 351,808 |
| | Benchmark 2019-B15 Mtg Tr Coml Mtg | 19-B15 Aab 2.85% 12-15-2072 | | | 525,627 |
| | Biomarin Pharmaceutical Inc | Sr Sub Nt Conv 1.25% Due 05-15-2027 Reg | | | 57,371 |
| | Birch Grove Clo Ltd | 1.33275% 06-15-2031 | | | 598,978 |
| | Bk Nova Scotia B C | Fixed 4.9% Due 12-31-2049 | | | 321,469 |
| | Bk Of America Corp | Fr Snr Emtn 09/26 Eur100000 | | | 347,192 |
| | Black Diamond Clo | .98% 15/05/2032 | | | 455,125 |
| | Blackrock Euro.Vii Frn Clo | 10/2031 Eur 'A' | | | 454,151 |
| | Blackstone Mtg Tr Inc | Sr Secd Nt 144A 3.75% 01-15-2027 | | | 109,604 |
| | Bnp Paribas | Sr Non Var Rt 2.819% Due 11-19-2025 | | | 205,875 |
| | Boeing Co | 5.04% Due 05-01-2027 | | | 225,335 |
| | Boeing Co | Fixed 5.15% Due 05-01-2030 | | | 699,709 |
| | Boyd Gaming Corp | 8.625% Due 06-01-2025 | | | 85,722 |
| | Brixmor Oper | 4.125% Due 05-15-2029 | | | 665,267 |
| | Broadcom Inc | 4.3% Due 11-15-2032 Beo | | | 450,046 |
| | Broadcom Inc | Sr Nt 144A 3.187% 11-15-2036 | | | 199,980 |
| | Brookfield Fin Inc | 4.85% 03-29-2029 | | | 807,727 |
| | Bstn Scientific | 2.65% Due 06-01-2030 | | | 612,262 |
| | Bstn Scientific | 3.75% Due 03-01-2026 | | | 214,957 |
| | Buckeye Partners L | 3.95% Due 12-01-2026 | | | 95,806 |
| | Buckeye Partners L | 4.5% Due 03-01-2028 | | | 289,153 |
| | Buckeye Partners L | 5.85% Due 11-15-2043 | | | 18,644 |
| | Bway 2021-1450 Mtg | Var Rt 1.35629% Due 09-15-2036 | | | 500,000 |
| | Bway Hldg Co | 7.25% Due 04-15-2025 | | | 134,340 |
| | Bway Holding Company Bway Holding Co | Tlbsr Secd 1St Lien Due 04-03-2024 Beo | | | 450,136 |
| | C&W Sr Fing | Fing 6.875% Due 09-15-2027 | | | 484,640 |
| | Cairn Clo Iii B.V. | Fltg 144A 15/10/2031 | | | 455,027 |
| | Campbell Soup Co | 2.375% Due 04-24-2030/04-24-2020 Reg | | | 298,136 |
| | Care Cap Pptys Lp | 5.125% Due 08-15-2026 | | | 121,092 |
| | Carlyle G | 14-2 Dac 0% Bds 15/11/2031 Eur | | | 453,817 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Carlyle Global Market Strategi | 14/08/2030 0% 08-14-2030 | | | 698,605 |
| | Carlyle Us Clo 2017-1 Ltd | Sr Secd Nt Cl A-1-R Fltg 1.254% 04-20-2031 | | | 698,604 |
| | Cco Hldgs Llc | Sr Nt144A 4.25% 01-15-2034 | | | 385,660 |
| | Cco Hldgs Llc | 4.5% 05-01-2032 | | | 204,721 |
| | Cco Holdings Llc | 4.5% 06-01-2033 | | | 102,023 |
| | Cd Commercial Mort Tr | Ser 2018-Cd7 Cl Asb 4.213% 08-15-2051 | | | 766,050 |
| | Cdk Global Inc | Fixed 4.5% Due 10-15-2024 | | | 56,706 |
| | Cdw Llc / Cdw Fin | 4.125% Due 05-01-2025 | | | 198,308 |
| | Cec Entmt Inc | 6.75% 05-01-2026 | | | 287,140 |
| | Celestial-Saturn Parent Inc | Term Loan Due 06-02-2028 Beo | | | 104,604 |
| | Centene Corp | Del 2.5% 03-01-2031 | | | 100,272 |
| | Centene Corp | Del 2.625% 08-01-2031 | | | 42,140 |
| | Centene Corp | Del 3% Due 10-15-2030 | | | 486,908 |
| | Centene Corp | Del Fixed 4.625% 12-15-2029 | | | 102,454 |
| | Centene Corp | Del Sr Nt 2.45% 07-15-2028 | | | 196,015 |
| | Centerpoint Energy Res Corp | Del Sr Nt Fltg Rate .67325% 03-02-2023 | | | 399,068 |
| | Centurylink Inc | 4.5% Due 01-15-2029 | | | 44,505 |
| | Centurylink Inc | 5.125% Due 12-15-2026 | | | 28,097 |
| | Centurylink Inc | 5.625% Due 04-01-2025 | | | 6,346 |
| | Centurylink Inc | 6.75% Due 12-01-2023 | | | 301,320 |
| | Centurylink Inc | First Lien Term Loan Due 03-15-2027 | | | 113,306 |
| | Centy Tel | 6.875% Due 01-15-2028 | | | 139,063 |
| | Change Healthcare | 5.75% Due 03-01-2025 | | | 749,375 |
| | Cheesecake Factory | .375% Due 06-15-2026 | | | 94,936 |
| | Chegg Inc | Sr Nt Conv 0.0% Due 09-01-2026Reg | | | 148,123 |
| | Cheniere Corpus | 7% Due 06-30-2024 | | | 221,279 |
| | Citigroup Coml Mtg | 3.608% Due 11-10-2048 | | | 513,559 |
| | Citigroup Inc | 1.281% 11-03-2025 | | | 399,014 |
| | Citigroup Inc | Fixed .776% Due 10-30-2024 | | | 397,465 |
| | Citigroup Inc | Global Sr Nt Fltg Due 10-27-2022/09-27-2022 Reg | | | 301,227 |
| | Clev Elec Illum Co | 4.55% Due 11-15-2030 | | | 114,889 |
| | Cmo Bear Stearns | Alt-A Tr 2006-8 Mtg Passthru Ctf Cl Iii-A-1 01-25-2037 Reg | | | 196,583 |
| | Cmo Bear Stearns | Ser 2004-10 Cl I2A5 2.75907% Due 01-25-2035 Beo | | | 43,621 |
| | Cmo Benchmark | Ser 19-B14 Cl A5 3.0486% Due 12-15-2061 | | | 424,615 |
| | Cmo Benchmark 2019-B14 Mtg Tr | Ser 19-B14Cls Asb 2.9571% Due 12-15-2061 Reg | | | 950,773 |
| | Cmo Citigroup Coml Mtg Tr | 2019-Gc43 Ser 19-Gc43 Cls Aab 2.8841% 11-10-2052 | | | 937,124 |
| | Cmo Comm 2018-Cor3 Mtg | Fltg Rt 4.228% Due 05-10-2051 | | | 560,540 |
| | Cmo Cwmbs Inc | Ser 2004-Hyb2 Cl 6-A Flt Rt Due 07-20-2034 Beo | | | 11,755 |
| | Cmo Gs Mtg Secs Corp | 2004-Cw1 Cl Iia-1 6% Due 04-01-2034 Reg | | | 101,962 |
| | Cmo Gs Mtg Secs Corp | 2005-Ar7 Mtg Passthru Ctf Cl 2A1 Due 11-25-2035 Reg | | | 8,249 |
| | Cmo Gs Mtg Secs Corp | Ser 2005-Ar6 Cl 1A1Due 09-25-2035 Reg | | | 12,446 |
| | Cmo Harborview Mtg Ln | Ser 05-9 Cl B1 Fltg 06-20-2035 | | | 309,367 |
| | Cmo Harborview Mtg Ln Tr | 2004-1 Passthructf Cl 2-A 4.6186 04-19-2034 Reg | | | 10,775 |
| | Cmo Harborview Mtg Ln Tr | 2005-11 Mtg Passthru Ctf 2-A1A Due 08-19-2045 Reg | | | 152,106 |
| | Cmo Jpmbb Coml Mtg Secs Tr | 2015-C31 Cl Asb 3.5395% Due 08-15-2048 Beo | | | 448,180 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Cmo Jpmbb Coml Mtg Secs Tr | Ser 2015-C32 Cl Asb 3.3582% 11-15-2048 | | | 428,918 |
| | Cmo Jpmdb Coml Mtg Secs Tr | 2016-C2 Mtg Pass Thru Ctf Cl A-Sb 2.9542 06-15-2049 | | | 543,374 |
| | Cmo Jpmdb Coml Mtg Secs Tr | Sr 2019-Cor6 Cl Asb 2.9815% 04-13-2029 | | | 950,052 |
| | Cmo Merrill Lynch Mtg Invs | 2004-D Cl A1 09-25-2029 Reg | | | 12,826 |
| | Cmo Merrill Lynch Mtg Invs | Ser 2003-C Cl A1 6-25-28 | | | 1,791 |
| | Cmo Merrill Lynch Mtg Invs Inc | Iii-A Due 05-25-2033 | | | 4,499 |
| | Cmo Structured Asset Mtg Invts Ii Inc | Ser 04-Ar2 Cl Ia Var 05-19-2034 Reg | | | 25,163 |
| | Cmo Structured Asset Secs Corp | 2003-40A Cl 3-A1 Due 01-25-2034 Beo | | | 37,696 |
| | Cmo Structured Ast Mtg Invts Ii Inc | Due 07-19-2035 Reg | | | 7,298 |
| | Cmo Ubs Coml Mtg Tr | 2018-C12 Mtg Ser 2018-C12 Cls Asb 4.1945% 07-15-2051 | | | 764,316 |
| | Cmo Ubs Coml Mtg Tr | Ser-2018-C11 Cl-Asb 4.1186% 07-15-2051 Reg | | | 433,861 |
| | Cmo Wa Mut Mtg | Secs Corp 2005-Ar1 Cl A-1A Var Due 12-25-2044 Reg | | | 24,129 |
| | Cmo Wamu Mtg | Pass-Thru Ctfs 2005-Ar8 Ctfcl 2-A-1A Due 07-25-2045 Reg | | | 71,229 |
| | Cmo Wamu Mtg | Pass-Thru Ctfs Ser 2005-Ar13 Cl A-1A1 Flt 10-25-45 | | | 171,955 |
| | Cmo Wells Fargo Coml Mtg Tr | 2019-C54 2.832% Due 12-15-2052 Reg | | | 531,526 |
| | Cmo Wells Fargo Coml Mtg Tr | 2Ser 20-C56 Cl A5 2.606% Due 06-15-2053 Reg | | | 1,223,191 |
| | Cmo Wells Fargo Coml Mtg Tr | Ser 2015-Nxs4 Mtg Ctf Cl Asb 3.522% 12/15/2048 | | | 488,651 |
| | Cmo Wells Fargo Coml Mtg Tr | Ser 2019-C53 Cl Asb 2.964% 10-15-2052 | | | 948,780 |
| | Cmo Wells Fargo Coml Mtg Tr | Ser-2018-C45 Cl-Asb 4.147% 06-15-2051 Reg | | | 654,157 |
| | Cnx Res Corp | 7.25% Due 03-14-2027 | | | 253,514 |
| | Colgate Energy Partners Iii Llc | Sr Nt 144A 5.875% 07-01-2029 | | | 305,910 |
| | Colt 2020-1R Mtg | 1.255% Due 09-25-2065 | | | 211,781 |
| | Columbia / Hca | 7.69% Due 06-15-2025 | | | 14,179 |
| | Columbia/Hca Healthcare Corp | Medium Term Book Entry # Tr 15 7.58 09-15-2025 | | | 115,150 |
| | Columbia/Hca Healthcare Corp | 8.36 Deb Due 4-15-2024 Reg Opt Put Pay On 4-**Put | | | 207,480 |
| | Comm 2021-2400 Mtg | Var Rt 1.407% Due 12-15-2038 | | | 400,014 |
| | Commscope Inc | 7.125% Due 07-01-2028 | | | 111,023 |
| | Connect Finco Sarl | Connect US F+B1907inco L 6.75% Due 10-01-2026 | | | 431,013 |
| | Consensus Cloud | 6.5% Due 10-15-2028 | | | 155,705 |
| | Continental Airls | Pass Thru Tr 2007-1A 5.983% Due 04-19-2023 | | | 30,384 |
| | Contl Res Inc | 4.9% Due 06-01-2044 | | | 105,284 |
| | Cornerstone Bldg | 6.125% Due 01-15-2029 | | | 37,410 |
| | Cr Agricole S A | 3.25% Due 10-04-2024 | | | 470,850 |
| | Cr Suisse | Cr Suisse 6.5 Due 08-08-2023 | | | 215,731 |
| | Cr Suisse Group | 3.75% Due 03-26-2025 | | | 265,383 |
| | Cr Suisse Group Ag | Fltg Rt 2.593% Due 09-11-2025 | | | 510,684 |
| | Credit Agricole S A London Brh | Sr Non-Pftranche # Tr 6 Var Rt Due 04-24-2023 | | | 252,598 |
| | Csc Hldgs Llc | 4.125% Due 12-01-2030 | | | 209,894 |
| | Csc Hldgs Llc | 6.5% Due 02-01-2029 | | | 214,000 |
| | Cswf 2021-Sop2 | Fltg Rt 1.07317% Due 06-15-2034 | | | 398,220 |
| | Ctr Partnership L P / Caretrust Cap | Sr Nt 144A 3.875% 06-30-2028 | | | 162,180 |
| | Cvc Cordatus Xi Frn Clo | 10/2031 Eur 'A' | | | 793,420 |
| | Daimler Fin North Amer Llc Corp | Fltg 144A 02-15-2022 | | | 400,350 |
| | Daimler Trucks Fin North Amer Llc | Gtd Nt144A 1.125% 12-14-2023 | | | 400,160 |
| | Danske Bk A/S | 1.621% Due 09-11-2026 | | | 394,261 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Dbausch Health Companies Inc. | 11/14/2025 | | | 269,742 |
| | Dell Intl L L C / Emc Corp | 6.02% Due 06-15-2026 | | | 578,212 |
| | Dell Intl L L C / Emc Corp | First Lien Nt5.85% 07-15-2025 | | | 566,959 |
| | Dell Intl L L C / Emc Corp | First Lien Nt6.2% 07-15-2030 | | | 126,304 |
| | Deutsche Bk Ag N Y | 3.3% 11-16-2022 | | | 408,295 |
| | Deutsche Bk Ag N Y | 3.95% Due 02-27-2023 | | | 103,118 |
| | Deutsche Bk Ag N Y | Fltg Rt 2.222% Due 09-18-2024 | | | 1,114,265 |
| | Deutsche Bk Ag N Y | Fltg Rt 3.961% Due 11-26-2025 | | | 264,046 |
| | Deutsche Bk Ag N Y Branch | 5.0% 02-14-2022 | | | 301,360 |
| | Deutsche Bk Ag N Y Branch | Fltg Rt 11-08-2023 | | | 399,577 |
| | Diebold Nixdorf | 8.5% Due 04-15-2024 | | | 300,000 |
| | Diebold Nixdorf | 9.375% Due 07-15-2025 | | | 403,778 |
| | Directv Financing, Llc | Term Loan Due 08-02-2027 Beo | | | 140,041 |
| | Dish Dbs Corp | 5% Due 03-15-2023 | | | 6,150 |
| | Dish Dbs Corp | 5.125% Due 06-01-2029 | | | 100,100 |
| | Dish Dbs Corp | Corp 5.875% 11-15-2024 | | | 2,053 |
| | Dish Dbs Corp | Corp 7.75% Due 07-01-2026 | | | 234,210 |
| | Dish Network Corp | 0% Due 12-15-2025 Beo | | | 58,290 |
| | Dish Network Corp | Nt Conv 3.375% 08-15-2026 Reg | | | 182,685 |
| | Drop Mtg Tr | Fltg Rt 1.26% Due 04-15-2026 | | | 400,121 |
| | Dryden 52 Euro Cl Frn Clo | 05/2034 Eur 'A-R' | | | 341,193 |
| | Duke Energy Corp | 2.65% Due 09-01-2026 | | | 517,936 |
| | Ecmc Group Student Ln Tr | 2020-2 Stud Ln Nt Cl A Fltg Rate 1.25771% 11-25-2069 | | | 845,315 |
| | Ecopetrol S A | 4.125% Due 01-16-2025 | | | 610,500 |
| | Elanco Animal Health Inc Corp | 4.9% 08-28-2028 | | | 270,280 |
| | Eldorado Resorts | 6.25% Due 07-01-2025 | | | 575,195 |
| | Enbridge Inc | Fltg 02-18-2022 | | | 300,095 |
| | Encino Acqstn Partners Hldgs Llc | 8.5% 05-01-2028 | | | 191,130 |
| | Energy Transfer | 4.05% Due 03-15-2025 | | | 847,755 |
| | Enpro Inds Inc Corp | 5.75% 10-15-2026 | | | 162,100 |
| | Epr Pptys | 4.75% Due 12-15-2026 | | | 213,851 |
| | Eqm Midstream | 4.75% Due 07-15-2023 | | | 99,840 |
| | Eqt Corp | 3.9% Due 10-01-2027 | | | 323,202 |
| | Eqt Corporation | 5.0% Due 01-15-2029 Beo | | | 68,665 |
| | Eqt Midstream Partners L P | 6.5%Ue 07-15-2048 | | | 213,840 |
| | Erp Oper Ltd | 3% Due 07-01-2029 | | | 105,967 |
| | Evergy Metro Inc | 2.25% Due 06-01-2030 | | | 497,668 |
| | Eversource Energy Fixed | Fixed .8% Due 08-15-2025 | | | 388,640 |
| | Expedia Group Inc | 3.6% 12-15-2023 | | | 311,728 |
| | Extended Stay Amer Tr | 2021-Esh Mtg Pass Thru Ctf Cl A 144A 1.187% 07-15-2038 | | | 597,680 |
| | Fed Home Ln Bk | 0% Due 03-08-2022 | | | 18,878,322 |
| | Fed Home Ln Bk | 0% Due 04-22-2022 | | | 13,726,261 |
| | Fed Natl Mtg Assoc | 0% Due 03-02-2022 | | | 4,229,659 |
| | Fed Rlty Invt Tr | 3.95% Due 01-15-2024 | | | 314,229 |
| | Fid Natl Finl Inc | 3.4% Due 06-15-2030 | | | 739,716 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Fidelity Natl Information Svcs Inc | .375%Due 03-01-2023 Beo | | | 398,046 |
| | Firstenergy Corp | 4.25 Due 03-15-2023 | | | 208,000 |
| | Flex Acqstn Co Inc | 7.875% Due 07-15-2026 | | | 306,063 |
| | Flex Ltd | Flex Ltd 4.875% Due 05-12-2030 | | | 684,811 |
| | Fmg Res Aug 2006 | 4.5% Due 09-15-2027 | | | 279,030 |
| | Fmg Res Aug 2006 | 5.125% Due 05-15-2024 | | | 148,400 |
| | Ford Mtr Co | 4.0% Due 11-13-2030 Beo | | | 335,650 |
| | Ford Mtr Co | 4.125% Due 08-17-2027 | | | 635,755 |
| | Ford Mtr Co | 4.14% Due 02-15-2023 | | | 409,520 |
| | Ford Mtr Co | 5.125% Due 06-16-2025 | | | 217,500 |
| | Ford Mtr Co | 5.596% 01-07-2022 | | | 300,210 |
| | Ford Mtr Co | Del 3.25% 02-12-2032 | | | 174,080 |
| | Ford Mtr Co | Del 5.291% Due 12-08-2046 | | | 124,577 |
| | Ford Mtr Co | Del 9% Due 04-22-2025 | | | 184,613 |
| | Ford Mtr Co | Del Nt 4.75 01-15-2043 | | | 262,693 |
| | Ford Mtr Co | Fixed 3.35% Due 11-01-2022 | | | 303,750 |
| | Ford Mtr Co | Fixed 5.584% 03-18-2024 | | | 431,000 |
| | Ford Mtr Co | Nt Fltg Due 02-15-2023 | | | 199,606 |
| | Forterra Fin Llc | 6.5% Due 07-15-2025 | | | 321,574 |
| | Freeport-Mcmoran | 5.45% Due 03-15-2043 | | | 285,359 |
| | Freeport-Mcmoran Inc | 5.4% Due 11-14-2034/11-14-2014 Reg | | | 81,573 |
| | Ga Global Fdg Tr | Medium Term Nts Tranche# Tr 00770 1% 04-08-2024 | | | 1,188,630 |
| | Gap Inc | Sr Nt 144A 3.875% 10-01-2031 | | | 148,924 |
| | General Mtrs Finl Co Inc | 3.55% 07-08-2022 Reg | | | 101,452 |
| | Genesis Energy L P | 7.75% Due 02-01-2028 | | | 148,103 |
| | Genesis Energy L P | 8% Due 01-15-2027 | | | 187,562 |
| | Gfl Environmental Inc | 4.375% 08-15-2029 | | | 108,969 |
| | Global Med | 6.5% Due 10-01-2025 | | | 248,460 |
| | Goeasy Ltd | 4.375% 05-01-2026 | | | 112,943 |
| | Goldman Sachs Group Inc | 1.217% 12-06-2023 Bo | | | 400,917 |
| | Goldman Sachs Group Inc | Fltg Rt 12-06-2023 | | | 400,029 |
| | Goldman Sachs Group Inc | Sr Nt Fltg Var Rt Due 02-23-2023 | | | 200,834 |
| | Goodyear Tire | 9.5% Due 05-31-2025 | | | 342,674 |
| | Goodyear Tire & Rubr Co | Sr Nt 144A 5% 07-15-2029 | | | 273,921 |
| | Goodyear Tire & Rubr Co | Sr Nt 5.25% 04-30-2031 | | | 35,871 |
| | Goodyear Tire & Rubr Co | Sr Nt 5.625% 04-30-2033 | | | 28,373 |
| | Greystar Real | 5.75% 12-01-2025 | | | 132,304 |
| | Grinding Media Inc | Term Loan B Secured Due 09-22-2028 Beo | | | 199,088 |
| | Gs Mtg Secs | Ser 2014-Gc26 Cl A-Ab 3.365% 3.365% 11-10-2047 | | | 358,695 |
| | Gs Mtg-Backed Secs | Fltg Rt 2.5% Due 04-25-2052 | | | 395,044 |
| | Gulfport Energy | Due 05-17-2026 | | | 158,231 |
| | Harvest Clo Xi Des Frn Clo | 06/2030 Eur 'A-R' | | | 454,026 |
| | Hca Inc | 3.5% Due 09-01-2030 | | | 68,697 |
| | Hca Inc | 5.625% Due 09-01-2028 | | | 146,061 |
| | Hca Inc | 5.875% Due 02-15-2026 | | | 172,701 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Healthsouth Corp | 5.75% Due 09-15-2025 | | | 61,350 |
| | Hertz Veh Fing Iii Llc | 2021-1 Rent Car Ast Bkd Nt 1.21% 12-26-2025 | | | 594,181 |
| | Hilcorp Energy I L | 6% Due 02-01-2031 | | | 279,130 |
| | Hillenbrand Inc | 5.75% Due 06-15-2025 | | | 52,250 |
| | Hlf Fing Sarl Llc / Herbalife Intl | 4.875% 06-01-2029 | | | 93,214 |
| | Homeward | 1.657% Due 05-25-2065 | | | 127,982 |
| | Hospitality Pptys | 3.95% 01-15-2028 | | | 64,992 |
| | Hospitality Pptys | 4.35% Due 10-01-2024 | | | 131,320 |
| | Hospitality Pptys | 4.375% Due 02-15-2030 | | | 24,840 |
| | Hospitality Pptys | 4.5% Due 03-15-2025 | | | 34,125 |
| | Hospitality Pptys | 4.5% Due 06-15-2023 | | | 36,982 |
| | Hospitality Pptys | 4.95% Due 02-15-2027 | | | 194,000 |
| | Hospitality Pptys | 4.65 Due 03-15-2024 Reg | | | 35,550 |
| | Howmet Aerospace | Fixed 6.875% Due 05-01-2025 | | | 42,509 |
| | Hsbc Hldgs Plc | 3.803% 03-11-2025 | | | 209,910 |
| | Hsbc Hldgs Plc | 4.3% Due 03-08-2026 | | | 328,891 |
| | Hsbc Hldgs Plc | 4.583% 06-19-2029 | | | 224,223 |
| | Hsbc Hldgs Plc | Fltg Rt 4.292% Due 09-12-2026 | | | 1,080,095 |
| | Hub Intl Ltd | 7% Due 05-01-2026 | | | 388,395 |
| | Hughes Satellite | 5.25% Due 08-01-2026 | | | 92,969 |
| | Hughes Satellite | 6.625% Due 08-01-2026 | | | 293,244 |
| | Hyundai Cap Svcs Inc Global | Nt 144A .75%09-15-2023 | | | 395,015 |
| | Icon Luxembourg S.A.R.L. | Term Loan B 06-16-2028 | | | 115,905 |
| | Ing Groep | N V 6.5% Due 12-31-2049 | | | 326,775 |
| | Ing Groep | N V Due 04-01-2027/04-01-2021 Beo | | | 605,323 |
| | Ing Groep | N V Sr Nt Fltg Rate Due 10-02-2023 Reg | | | 202,519 |
| | Ipalco Enterprises Inc | 4.25% Due 05-01-2030 Reg | | | 219,701 |
| | Irb Hldg Corp | 7% Due 06-15-2025 | | | 166,101 |
| | J P Morgan Mtg Tr | Fltg Rt 2.61432% Due 06-25-2035 | | | 5,364 |
| | Jp Morgan Mtg Acqstn Corp Fr Cmo | 25/08/2036 Usd1000 'Av-5' 08-25-2036 Reg | | | 388,187 |
| | Jpmdb Coml Mtg Secs Tr | 2020-Cor7 Coml Mtg Passthru Ctf Cl 2.0508% 05-13-2053 | | | 903,579 |
| | Jpmorgan Chase | Fltg Rt .563% Due 02-16-2025 | | | 295,705 |
| | Jpmorgan Chase | Fltg Rt 1.514% Due 06-01-2024 | | | 403,072 |
| | Jpmorgan Chase & Co | 4.6% Due 12-31-2049 | | | 1,026,250 |
| | Jpmorgan Chase & Co | Fltg Rt 09-22-2027 | | | 401,590 |
| | Jpmorgan Chase & Co | Nt Fixed/Fltg .697% 03-16-2024 | | | 399,052 |
| | Jyske Realkredit | 0.5% Cvd Bds 01/10/2043Dkk | | | 153,830 |
| | Jyske Realkredit | 1% Snr 01/10/2050 Dkk0.01 | | | 979,636 |
| | Jyske Realkredit | 1.5% Cvd Bds 01/10/2053Dkk | | | 120,974 |
| | Jyske Realkredit | 1.5% Cvd Bds 01/10/53 Dkk0. | | | 103,979 |
| | Kb Home | 4.8% Due 11-15-2029 | | | 236,856 |
| | Kenan Advantage Group Inc | Term Loan B Due 03-24-2026 Beo | | | 121,113 |
| | Kennedy Wilson Inc | 4.75% 02-01-2030 | | | 9,123 |
| | Kkr Clo 18 Ltd | 1.18129%07-18-2030 | | | 700,000 |
| | Kraft Heinz Foods | 3.75% Due 04-01-2030 | | | 28,092 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Kraft Heinz Foods Co | Gtd Sr Nt 3.875% 05-15-2027 | | | 148,070 |
| | Kraft Heinz Foods Co | Gtd Sr Nt 5.5% 06-01-2050 | | | 544,712 |
| | L Brands Inc | 6.694% 01-15-2027 | | | 80,500 |
| | L Brands Inc | 6.875% Due 11-01-2035 | | | 232,348 |
| | Labl Escr Issuer | 10.5% Due 07-15-2027 | | | 312,528 |
| | Las Vegas Sands | 3.2% Due 08-08-2024 | | | 305,487 |
| | Lccm 2021-Fl2 | Tr 1.30629% 12-13-2038 | | | 398,733 |
| | Lcm Xiii Ltd Partnership | 0% 07-19-2027 | | | 1,000,000 |
| | Learfield Communications Inc | Term B 12-01-2023 | | | 98,911 |
| | Lfs Topco Llc | Sr Nt 144A 5.875% 10-15-2026 | | | 85,698 |
| | Liberty Media Corp | Exch Into Sprint 3.75 02-15-30/02-15-04 | | | 277,996 |
| | Liberty Tripadvisor Hldgs Inc | Exchangeable Sr Deb 144A .5 Due | | | 177,521 |
| | Lifepoint Hlth Inc | 9.75% Due 12-01-2026 | | | 668,891 |
| | Lithia Mtrs Inc | Sr Nt 144A 3.875% 06-01-2029 | | | 127,613 |
| | Live Nation Entmt | 5.625% Due 03-15-2026 | | | 116,673 |
| | Live Nation Entmt | 6.5% Due 05-15-2027 | | | 64,531 |
| | Lloyds Bkg Group | Fltg Rt 2.907% Due 11-07-2023 | | | 203,233 |
| | Luxe Tr 2021-Mlbh | Var Rt 1.087% Due 11-15-2038 | | | 599,436 |
| | Luxe Tr 2021-Trip | Fltg Rt 1.156% Due 10-15-2038 | | | 1,099,492 |
| | M / I Homes Inc | 3.95% Due 02-15-2030 | | | 174,345 |
| | M360 2021-Cre3 Ltd | Sr Secd Nt Cl A 144A 1.60929% 11-22-2038 | | | 299,412 |
| | Macquarie Group Ltd | Sr Medium Term 1.935% 04-14-2028 | | | 590,571 |
| | Magnolia Oil & Gas | 6% Due 08-01-2026 | | | 153,750 |
| | Marriott Intl Inc | 4% Due 04-15-2028 | | | 647,945 |
| | Marriott Intl Inc | New 5.75% Due 05-01-2025 Reg | | | 19,143 |
| | Marvell Technology Inc | 1.65% Due 04-15-2026 | | | 692,101 |
| | Methanex Corp | 5.125% 10-15-2027 | | | 645,750 |
| | Methanex Corp | 5.25% 12-15-2029 | | | 85,537 |
| | Metis Merger Sub | 6.5% Due 05-15-2029 | | | 223,939 |
| | Mfa 2020-Nqm2 Tr | Fltg Rt 1.381% Due 04-25-2065 | | | 312,308 |
| | Mgm Growth Pptys Oper Prtn | 5.75% Due 02-01-2027 Reg | | | 24,860 |
| | Mgm Resorts Intl | 4.75% Due 10-15-2028 | | | 143,170 |
| | Mgm Resorts Intl | 5.5% Due 04-15-2027 | | | 95,850 |
| | Mgm Resorts Intl | 6% Due 03-15-2023 | | | 118,085 |
| | Mgm Resorts Intl | Fixed 5.75% Due 06-15-2025 | | | 19,373 |
| | Midas Opco Hldgs | 5.625% Due 08-15-2029 | | | 104,423 |
| | Milano Assicurazioni | Term Loan B Due 10-01-2027 Beo | | | 115,173 |
| | Mileage Plus Holdings Llc | Term Loan B 06-21-2027 Beo | | | 141,333 |
| | Mizuho Finl Gp | Frn Snr 07/2023 Aud250000 | | | 221,129 |
| | Mizuho Finl Group | Fltg Rt 1.22614% Due 07-10-2024 | | | 403,430 |
| | Mizuho Finl Group Inc | .849% Due 09-08-2024/09-08-2023 Reg | | | 397,963 |
| | Mizuho Finl Group Inc | Sr Nt Fltg Rate 03-05-2023 | | | 201,237 |
| | Mks Clo Ltd | 20/07/2030 0% 07-20-2030 | | | 1,299,740 |
| | Molina Healthcare Inc | Sr Nt 144A 3.875% 05-15-2032 | | | 405,519 |
| | Mp Clo Vii Ltd | Sr Nt Cla-R3 Fltg 144A 3C7 1.13129% 10-18-2028 | | | 790,560 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Mph Acquisition Holdings Llc | Term Loan B Sr Tl 08-17-2028 | | | 89,007 |
| | Mpt Oper | 3.5% Due 03-15-2031 | | | 380,230 |
| | Mpt Oper | 5.25% Due 08-01-2026 | | | 339,488 |
| | Murphy Oil Corp | 5.125 12-01-2042 | | | 60,000 |
| | Murphy Oil Corp | 6.375% Due 07-15-2028 Reg | | | 106,283 |
| | N.W. Fiber Llc | Sr Nt 144A 6% 02-15-2028 | | | 68,600 |
| | Nationwide Bldg | Var Rt 4.363% Due 08-01-2024 | | | 418,932 |
| | Natwest Group Plc | Fltg Srnt 4.269% 03-22-2025 | | | 529,649 |
| | Natwest Group Plc | Sr Glbl Coco 4.519% 06-25-2024 | | | 313,892 |
| | Natwest Group Plc | Sr Nt 3.875% Due 09-12-2023 Reg | | | 208,571 |
| | Navient Corp | 5.5% 03-15-2029 | | | 323,190 |
| | Navient Corp | 5.875% Due 10-25-2024 | | | 19,193 |
| | Navient Corp | 6.75% Due 06-25-2025 | | | 187,000 |
| | Navient Corp | 7.25% Due 09-25-2023 | | | 103,440 |
| | Navient Private Ed Ln Tr | 2020-I 1.10329%04-15-2069 | | | 448,146 |
| | Netflix Inc | Fixed 6.37% 05-15-2029 | | | 75,793 |
| | New Enterprise Stone & Lime Co Inc | Sr Secd Nt 144A 5.25% 07-15-2028 | | | 110,526 |
| | Newmark Group Inc | Fixed 6.125% Due 11-15-2023 | | | 187,250 |
| | Nextera Energy Cap Hldgs Inc | Fltg Due 02-22-2023 | | | 399,324 |
| | Ngl Energy Partners Lp | 7.5% 11-01-2023 | | | 246,250 |
| | Nielsen Fin Llc | 5.875% Due 10-01-2030 | | | 249,178 |
| | Nielsen Fin Llc | Secd Nt144A 4.5% 07-15-2029 | | | 18,691 |
| | Nielsen Fin Llc | Secd Nt144A 4.75% 07-15-2031 | | | 331,800 |
| | Nissan Mtr Accep Co Llc | Nt 144A 1.85% 09-16-2026 | | | 195,249 |
| | Nissan Mtr Accep Corp | Nt 144A 1.05% 03-08-2024 | | | 395,291 |
| | Nissan Mtr Accep Corp | Nt Fltg Rate 144A 09-28-2022 | | | 1,000,950 |
| | Nordea Kredit | 1.5% 01/10/2053 | | | 119,904 |
| | Nordea Realkredit | 0.5% Cvd Bds 01/10/2043 Dkk | | | 69,558 |
| | Nordea Realkredit | 1% Cvd Bds 01/10/50 Dkk0.01 | | | 568,723 |
| | Nordea Realkredit | Cvd Bds 01/10/2053 Dkk | | | 576,281 |
| | Nordea Realkredit | Cvd Bds 01/10/53 Dkk0.01 | | | 30,705 |
| | Northwest Fiber Llc | 4.75% 04-30-2027 | | | 75,240 |
| | Novastar Mtg Fdg Tr | Ser 06-1 Cl A1A Fltg 05-25-2036 | | | 77,876 |
| | Nrg Energy Inc | 5.75% 01-15-2028 | | | 75,055 |
| | Nrg Energy Inc | 6.625% Due 01-15-2027 | | | 46,779 |
| | Nrg Energy Inc | Sr Nt 144A 3.875% 02-15-2032 | | | 490,000 |
| | Nustar Logistics L P | 5.75% Due 10-01-2025 Beo | | | 192,625 |
| | Nuvasive Inc Sr | Sr Nt Conv .375% Due 03-15-2025 Reg | | | 95,875 |
| | Nykredit Realkredi | 0.5% Cvd Bds 01/10/2043 Dkk | | | 818,038 |
| | Nykredit Realkredi | 1% Cvd Bds 01/10/2053Dkk | | | 42,682 |
| | Nykredit Realkredi | 1% Cvd Bds 01/10/53 Dkk0.01 | | | 115,225 |
| | Nykredit Realkredi | 1% Snr 01/10/2050 Dkk0.01 | | | 2,646,637 |
| | Nykredit Realkredi | 1.5% Cvd Bds 01/10/2053 Dkk | | | 162,244 |
| | Nykredit Realkredi | 1.5% Gtd 01/10/2053 Dkk0.01 | | | 779,374 |
| | Nykredit Realkredi | 2% Bds 01/10/2053 Dkk0.01 | | | 183,057 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Nyo Coml Mtg Tr | Fltg Rt 1.202% Due 11-15-2038 | | | 397,823 |
| | Oaktree Clo 2019-1 Ltd | Sr Secdnt Cl A-1-R Fltg 1.36886% 04-22-2030 | | | 699,973 |
| | Oaktree Clo 2019-4 Ltd | 1.374% 10-20-2032 | | | 400,000 |
| | Obx 2021-Inv2 Tr | Var Rt .94967% Due 10-25-2051 | | | 394,442 |
| | Occidental Pete | 4.2% Due 03-15-2048 | | | 189,000 |
| | Occidental Pete | 4.4% Due 04-15-2046 | | | 423,325 |
| | Occidental Pete | 6.125% Due 01-01-2031 | | | 31,684 |
| | Occidental Pete | 6.2% Due 03-15-2040 | | | 138,990 |
| | Occidental Pete | 8.5% Due 07-15-2027 | | | 204,590 |
| | Occidental Pete | 8.875% Due 07-15-2030 | | | 67,500 |
| | Occidental Pete | Fixed 5.875% Due 09-01-2025 | | | 31,973 |
| | Occidental Pete Corp | Sr Nt 5.55% 03-15-2026 | | | 101,310 |
| | Occidental Pete Corp | Sr Nt 6.45% 09-15-2036 | | | 70,125 |
| | Occidental Petroleum Corp | 4.3% Due 08-15-2039 | | | 152,582 |
| | Oneok Inc | New 4.55% Due 07-15-2028 | | | 220,967 |
| | Option Care Health Inc | 4.375% 10-31-2029 | | | 220,550 |
| | Optiv Security Inc. | Term Loan Senior Secured First Lien 02-01-2024 | | | 149,602 |
| | Oracle Corp | 1.65% 03-25-2026 | | | 595,601 |
| | Pac Gas & Elec Co | 1.367% Due 03-10-2023 | | | 695,680 |
| | Pac Gas & Elec Co | 3.5% Due 08-01-2050 | | | 464,767 |
| | Pac Gas & Elec Co | Fixed 2.1% Due 08-01-2027 | | | 96,611 |
| | Pac Gas & Elec Co | Fixed 3.45% Due 07-01-2025 | | | 103,678 |
| | Pac Gas & Elec Co | Fixed 3.5% Due 06-15-2025 | | | 103,791 |
| | Pac Life Global Fdg Ii | Medium Term .63% 06-04-2026 | | | 301,855 |
| | Pacific Gas & Elec Co | 2.5% Due 02-01-2031/06-19-2020 Reg | | | 285,922 |
| | Pacific Gas & Elec Co | 3.25% 06-15-2023 | | | 407,292 |
| | Palmer Square Ln | Fdg 2021-3 Ltd / Sr Secd Nt Cl A-1 Fltg 144A .971 07-20-2029 | | | 1,098,906 |
| | Penske Automotive Group Inc | 3.5% Due 09-01-2025 Reg | | | 139,060 |
| | Perrigo Fin Unltd | Fixed 3.15% Due 06-15-2030 | | | 506,975 |
| | Petrobras Global Finance | 5.999% 01-27-2028 | | | 403,300 |
| | Petroleos Mexicanos | 6.49% 01-23-2027 | | | 213,312 |
| | Phillips | 66 .9% Due 02-15-2024 | | | 397,098 |
| | Polyone Corp | 5.75% Due 05-15-2025 | | | 127,185 |
| | Precision Drilling Corp | 6.875% 01-15-2029 | | | 77,461 |
| | Pre-Paid Legal Services, Inc. | Term Loan Due 12-07-2028 | | | 192,706 |
| | Project Alpha Intermediate Holding | Fltg Rt Tbl 04-26-2024 | | | 53,629 |
| | Prologis L P | 2.25% Due 04-15-2030 | | | 100,610 |
| | Protective Life | 1.17% Due 07-15-2025 | | | 691,339 |
| | Prudential Plc | 3.125% Due 04-14-2030 | | | 213,688 |
| | Puget Energy Inc | New 4.1% 06-15-2030 | | | 649,193 |
| | Pvptl Commscope Fin Llc | Sr Nt 144A 6.0% 03-01-2026 | | | 108,150 |
| | Pvptl Daimler Trucks | Fltg Rt 12-14-2023 | | | 400,292 |
| | Pvptl Daimler Trucks Fin | Fltg Rt 12-13-2024 | | | 300,213 |
| | Pvptl Daimler Trucks Finance N.A | Var Rt 06-14-2023 | | | 400,293 |
| | Pvptl Eqm Midstream Partners L P | 4.75% 01-15-2031 | | | 7,403 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Pvptl Moss Creek Res Hldgs Inc | 7.5% Due 01-15-2026/01-18-2018 Beo | | | 203,830 |
| | Pvtpl Realogy Group Llc | 5.75% Due 01-15-2029 | | | 5,125 |
| | Pvtpl 144A Nissan Mtr Accep Corp | 2.8% 01-13-2022 Beo | | | 300,172 |
| | Pvtpl 7-Eleven Inc | Sr Nt .625% 02-10-2023 | | | 398,513 |
| | Pvtpl Aadvantage Loyalty Ip Ltd | 5.75% Due 04-20-2029 Beo | | | 42,652 |
| | Pvtpl Aethon Utd Br Lp | 8.25% Due 02-15-2026 | | | 187,985 |
| | Pvtpl Ahp Health Partners Inc | Sr Nt 5.75% 07-15-2029 | | | 143,550 |
| | Pvtpl Albertsons Cos Inc | 4.875% Due 02-15-2030 | | | 134,965 |
| | Pvtpl Albertsons Cos Inc | Fixed 5.875% 02-15-2028 | | | 295,740 |
| | Pvtpl Albertsons Cos Inc/Safeway Inc | A 4.625% Due 01-15-2027 Beo | | | 100,746 |
| | Pvtpl Albertsons Cos Inc/Safeway Inc | New A Sr Nt 144A 7.5% 03-15-2026 | | | 444,080 |
| | Pvtpl Allied Unvl Holdco | 9.75% 07-15-2027 | | | 242,532 |
| | Pvtpl Allied Unvl Holdco Llc | 6.625% 07-15-2026 | | | 271,511 |
| | Pvtpl Allison Transmission Inc | 3.75% Due01-30-2031/11-19-2020 Beo | | | 155,025 |
| | Pvtpl Altice Fing S A | Sr Secd Nt 5.75% 08-15-2029 | | | 258,390 |
| | Pvtpl Altice France Hldg S A | Nt 144A 10.5% 05-15-2027 | | | 225,750 |
| | Pvtpl Altice France S A | Sr Secd Nt 144A 8.125% Due 02-01-2027/02-01-2022 Beo | | | 1,912,528 |
| | Pvtpl American Fin Tr Inc | 4.5% 09-30-2028 | | | 227,663 |
| | Pvtpl Antero Midstream Partners | 7.875% 05-15-2026 | | | 207,184 |
| | Pvtpl Antero Midstream Partners Lp | 5.75% Due 03-01-2027 Beo | | | 129,531 |
| | Pvtpl Apidos Clo | 17-26A A1Ar Fltg 07-18-2029 Usd | | | 698,633 |
| | Pvtpl Aramark Svcs Inc | 6.375% Due 05-01-2025 Beo | | | 242,440 |
| | Pvtpl Aramark Svcs Inc | Sr Nt 5.0% 04-01-2025 | | | 97,939 |
| | Pvtpl Archrock Partners L P | 6.25% Due 04-01-2028 | | | 125,126 |
| | Pvtpl Ard Finance Sa | 6.5% Due 06-30-2027Beo | | | 206,000 |
| | Pvtpl Ardagh Packaging Fin Plc | 5.25% 04-30-2025 Beo | | | 214,760 |
| | Pvtpl Ares Clo Ltd | Sr 16-39A Cl A1R2 Fltg Rt Due 04-18-2031 Beo | | | 399,518 |
| | Pvtpl Ares Fin Co Ii Llc | Sr Nt 144A 3.25% Due 06-15-2030/06-15-2020 Beo | | | 412,712 |
| | Pvtpl Ares Xl Clo Ltd | Srsecd Nt Cl A-1-Rr Fltg 01-15-2029 | | | 798,028 |
| | Pvtpl Ashtead Cap Inc | 4.25% 11-01-2029 | | | 533,592 |
| | Pvtpl Atlas Sr Secd Ln Fd Viii Ltd | Sr 17-8A Cl B Fltg 01-15-2030 | | | 399,932 |
| | Pvtpl Avantor | 4.625% Due 07-15-2028 Beo | | | 96,953 |
| | Pvtpl Avantor Funding Inc | 3.875% Due 11-01-2029/10-26-2021 Beo | | | 181,964 |
| | Pvtpl B A T Intl Fin Plc | Gtd Nt 144A 3.95% Due 06-15-2025 Beo | | | 531,264 |
| | Pvtpl Bamll Coml Mtg Secs | Sr 2019-Aht Cl A Fltg 03-15-2034 | | | 699,153 |
| | Pvtpl Bausch Health Companies Inc | 5.5% Due 11-01-2025 | | | 118,901 |
| | Pvtpl Bausch Health Cos Inc | 5.25% Due 02-15-2031 Beo | | | 221,445 |
| | Pvtpl Bausch Health Cos Inc | Fixed 5.75% 08-15-2027 Beo | | | 211,752 |
| | Pvtpl Bausch Health Cos Inc | Sr Nt 5.0% Due 01-30-2028 Beo | | | 13,800 |
| | Pvtpl Benefit Str Partners Clo Xvi | Ser 18-16A Cl A1R Fltg Rt Due 01-17-2032 | | | 399,735 |
| | Pvtpl Bentley Sys Inc | 0.375% Due 07-01-2027 Beo | | | 138,000 |
| | Pvtpl Bluemountain Clo 2013-2A Ltd | Cl A-1-R Fltg 10-22-2030 | | | 392,079 |
| | Pvtpl Bluemountain Clo 2015-2 Ltd | Ser-15-2A Cl-A1R Var 07-18-2027 Beo | | | 457,228 |
| | Pvtpl Bmw Fin N V | 2.25% 08-12-2022 | | | 303,162 |
| | Pvtpl Bnp Paribas | 2.219% Due 06-09-2026/06-09-2025 Reg | | | 807,792 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Pvtpl Bnp Paribas | Sr 2.159% 09-15-2029 | | | 195,994 |
| | Pvtpl Boc Aviation Pte Ltd | Fltg Rt 09-26-2023 | | | 1,002,291 |
| | Pvtpl Bonanza Creek Energy Inc | 5.0% 10-15-2026 | | | 187,823 |
| | Pvtpl Boxer Parent Co Inc | 7.125% Due 10-02-2025/06-01-2020 Beo | | | 232,823 |
| | Pvtpl Boxer Parent Co Inc | Sr 2Nd Lien Nt144A 9.125 Due 03-01-2026/06-01-2020 Beo | | | 142,823 |
| | Pvtpl Bpce | Medium Term Sub Nts Book Entry 144A 4.625 Due 07-11-2024 Beo | | | 1,069,050 |
| | Pvtpl Broadcom Inc | 3.137% Due 11-15-2035 Beo | | | 302,246 |
| | Pvtpl Broadcom Inc | 3.469% Due 04-15-2034Beo | | | 314,209 |
| | Pvtpl Cable One Inc | 0% Due 03-15-2026 Beo | | | 143,400 |
| | Pvtpl Caesars Entertainment Inc | 4.625% Due 10-15-2029 Beo | | | 45,000 |
| | Pvtpl Carlyle Fin Subsidiary Llc | S 3.5% 09-19-2029 | | | 427,633 |
| | Pvtpl Carlyle Global Mkt Strategies Clo | 2012-4 Cl A-1-R3 Fltg 04-22-2032 | | | 299,561 |
| | Pvtpl Carlyle Global Mkt Strategies Clo | Ser 2015-3A Cls Air Fltg 07-28-2028 | | | 334,905 |
| | Pvtpl Carriage Purchaser Inc | 7.875% 10-15-2029 | | | 229,440 |
| | Pvtpl Catalent Pharma Solutions Inc | 3.5% Due 04-01-2030 Beo | | | 108,006 |
| | Pvtpl Catalent Pharma Solutions Inc | 5.0% Due 07-15-2027 | | | 195,332 |
| | Pvtpl Cbam 2018-8 Ltd Llc | Nt Cl A-1 Fltg 3C7 10-20-2029 Beo | | | 1,098,394 |
| | Pvtpl Cco Hldgs Llc | 4.75% Due 03-01-2030 | | | 37,440 |
| | Pvtpl Cco Hldgs Llc | 5.5% Due 05-01-2026 | | | 179,257 |
| | Pvtpl Cfx Escrow Corp | 6.375% Due 02-15-2026 Beo | | | 55,823 |
| | Pvtpl Cifc Fdg 2017-Iv Ltd | Ser 17-4A Cl A1R Fltg 10-24-2030 | | | 898,207 |
| | Pvtpl Clarios Global Lp | 144A 6.75% 05-15-2025 | | | 62,850 |
| | Pvtpl Cmo Bamll Coml Mtg Secs Tr | 2019-Rlj Ser 2019-Rlj Cls A Var Rt 04-15-2036 | | | 498,838 |
| | Pvtpl Cmo Cim Trust | Ser 19-Inv1 Cls A2 Fltg Rt 02-25-2049 | | | 60,844 |
| | Pvtpl Cmo Citigroup Coml Mtg Tr | Ser 21-Keys Cl A Fltg 10-15-2036 | | | 499,994 |
| | Pvtpl Cmo Csmc | 2018-Rpl9 Tr Mtg Backed Nt Cl A 144A Var Rt Due 09-25-2057 | | | 409,825 |
| | Pvtpl Cmo Gosforth Funding 2012-1 Plc | Step Up Due 08-25-2060 Beo | | | 109,621 |
| | Pvtpl Cmo Gs Mtg Secs Tr | 2010-C1 Cl A-2 144A 4.592% 08-10-2043 | | | 72,815 |
| | Pvtpl Cmo Mf1 2020-Fl3 Ltd | Sr Secd Nt Cl A Fltg 07-15-2035 Beo | | | 289,780 |
| | Pvtpl Cmo Mill City Mtg Ln Tr | 2019-Gs2 Ser 19-Gs2 Cls A1 Var Rt 08-25-2059 | | | 759,338 |
| | Pvtpl Cmo New Residential Mtg Ln | Ser 19-Rpl3 Cl A1 Frn 07-25-2059 Beo | | | 670,854 |
| | Pvtpl Cmo New Residential Mtg Ln Tr | 20-Rpl1 Cl A-1 Var Rt Due 11-25-2059 | | | 539,961 |
| | Pvtpl Cmo Sfo Coml Mtg Tr | 2021-555 Sfo 2021-555 A Var Rt Due 05-15-2038 Beo | | | 499,692 |
| | Pvtpl Cnx Res Corp | 6% Due 01-15-2029/11-30-2020 Beo | | | 95,680 |
| | Pvtpl Cobra Acquisitionco Llc | 6.375% 11-01-2029 | | | 135,288 |
| | Pvtpl Compass Group Diversified Hldgs Llc | Sr Nt 5.0% 01-15-2032 | | | 230,625 |
| | Pvtpl Comstock Res Inc Comstock Re Inc | 5.875% Due 01-15-2030 Beo | | | 80,975 |
| | Pvtpl Conduent Business Svcs Llc | Conduent St 6.0% 11-01-2029 | | | 155,737 |
| | Pvtpl Consolidated Communications Inc | 6.5% Due 10-01-2028/10-02-2020 Beo | | | 94,500 |
| | Pvtpl Consolidated Energy Fin S A | Nt Usd 5.625% 10-15-2028 | | | 151,513 |
| | Pvtpl Continental Res Inc | 5.75% Due 01-15-2031/11-25-2020 Beo | | | 103,631 |
| | Pvtpl Continental Resources | 2.268% 11-15-2026 | | | 397,000 |
| | Pvtpl Credit Suisse Group Ag | 6.5 Due 08-08-2023 Beo | | | 1,291,500 |
| | Pvtpl Crestline Denali Clo Xiv Ltd | Sr 16-1A Cl Ar2 Fltg 10-23-2031 | | | 999,965 |
| | Pvtpl Crownrock L P | 5.0% Due 05-01-2029 Beo | | | 61,213 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Pvtpl Csc Hldgs Llc | 7.5% 04-01-2028 | | | 311,025 |
| | Pvtpl Csc Holdings Llc | Sr Gtd Nt 4.5%11-15-2031 | | | 197,500 |
| | Pvtpl Cumulus Media New Hldgs Inc | 6.75% 07-01-2026 | | | 88,188 |
| | Pvtpl Daimler Fin North Amer Llc V | V 2.55%Due 08-15-2022 | | | 404,534 |
| | Pvtpl Daimler Finance Na Llc | .75% Due 03-01-2024 Beo | | | 396,341 |
| | Pvtpl Dana Financing Lux Sarl Bnds | 5.75% Due 04-15-2025 | | | 207,821 |
| | Pvtpl Danone | Nt 144A 2.947% Due 11-02-2026/11-02-2016 Beo | | | 315,832 |
| | Pvtpl Danske Bk A/S | 3.244% Due 12-20-2025 | | | 311,764 |
| | Pvtpl Danske Bk A/S | Medium Term Nts Bookentry Tranche 5.0% 01-12-2022 Reg | | | 200,177 |
| | Pvtpl Davita Inc | 3.75% 02-15-2031 | | | 89,470 |
| | Pvtpl Dcp Mid Stream Operating | 11/3/2036 | | | 124,213 |
| | Pvtpl Diamond Sports Gr | 5.375% 08-15-2026 Beo | | | 138,000 |
| | Pvtpl Directv Holdings | 5.87% Due 08-15-2027 Beo | | | 472,778 |
| | Pvtpl Draftkings Inc | 0.0% Due 03-15-2028Beo | | | 356,169 |
| | Pvtpl Dt Midstream Inc | 4.125% Due 06-15-2029 Beo | | | 22,523 |
| | Pvtpl Dt Midstream Inc | 4.375% Due 06-15-2031 Beo | | | 218,400 |
| | Pvtpl East Ohio Gas Co | 2.0% 06-15-2030 | | | 483,900 |
| | Pvtpl Ecmc Group Stud Ln Tr | 2018-2 Nt Cla Fltg Rate 144A Var Rt Due 09-25-2068 | | | 740,358 |
| | Pvtpl Ecmc Group Student Ln | Sr 2018-1A Cl A Var Rt 2-27-2068 | | | 301,055 |
| | Pvtpl Elastic N V | 4.125% Due �� 07-15-2029/07-15-2024 Beo | | | 143,460 |
| | Pvtpl Eldorado Resorts Inc | Sr Nt 144A 8.125% Due 07-01-2027/07-06-2020 Beo | | | 390,635 |
| | Pvtpl Enphase Energy Inc | 0.0% Due 03-01-2026 Beo | | | 57,057 |
| | Pvtpl Entercom Media Corp | 6.5% 05-01-2027 | | | 34,622 |
| | Pvtpl Entercom Media Corp | 6.75% Due 03-31-2029 Beo+N913+N943 | | | 112,351 |
| | Pvtpl Enterprise Fleet Fing 2018-3 Llc | Sr18-3 Cl A2 3.38% Due 05-20-2024 Beo | | | 332 |
| | Pvtpl Eqm Midstream Partners L P | Sr Nt 4.5% 01-15-2029 | | | 118,560 |
| | Pvtpl Eqm Midstream Partners L P | Sr Nt 144A 6% Due 07-01-2025/06-18-2020 Beo | | | 81,563 |
| | Pvtpl Eqm Midstream Partners L P | Sr Nt 144A 6.5% Due 07-01-2027/06-18-2020 Beo | | | 84,000 |
| | Pvtpl Ferrellgas Escrow Llc | Fg 5.375% Due 04-01-2026 Beo | | | 209,948 |
| | Pvtpl Flex Acquisition Co Inc | Sr 6.875% Due 01-15-2025 | | | 274,329 |
| | Pvtpl Fmg Resources Aug 2006 | 4.375% Due 04-01-2031 Beo | | | 449,400 |
| | Pvtpl Foot Locker Inc | 4.0% Due 10-01-2029 Beo | | | 81,136 |
| | Pvtpl Frontier Communications Hldgs Llc | 6.0% 01-15-2030 | | | 102,510 |
| | Pvtpl Gap Inc | 3.625% Due 10-01-2029 Beo | | | 191,885 |
| | Pvtpl Gfl Environmental Inc | 3.5% Due 09-01-2028/12-21-2020 Beo | | | 134,945 |
| | Pvtpl Gfl Environmental Inc | 4.0% 08-01-2028 | | | 318,500 |
| | Pvtpl Gfl Environmental Inc | 4.75% Due 06-15-2029 Beo | | | 148,286 |
| | Pvtpl Gfl Environmental Inc | 5.125% 12-15-2026 | | | 57,200 |
| | Pvtpl Glatfelter Corp | 4.75%11-15-2029 | | | 147,469 |
| | Pvtpl Global Infrastructure Solutions Inc | 5.625% 06-01-2029 | | | 235,750 |
| | Pvtpl Global Net Lease Inc | 3.75 Due 12-15-2027/12-17-2020 Beo | | | 294,166 |
| | Pvtpl Go Daddy Oper Co Llc | 3.5% Due 03-01-2029 Beo | | | 110,108 |
| | Pvtpl Golden Credit Card Trust | Ser 2017-4A Cls A Var 144A 07-15-2024 | | | 600,693 |
| | Pvtpl Graftech Fin Inc | 4.625% Due 12-15-2028/12-15-2023 Beo | | | 250,705 |
| | Pvtpl Gray Escrow Inc | Sr Nt 7.0% 05-15-2027 | | | 33,131 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Pvtpl Gray Television Inc | Sr Nt 144A 5.875% Due 07-15-2026/07-15-2021 Beo | | | 125,009 |
| | Pvtpl Gtcr Ap Fin Inc | 8% Due 05-15-2027 | | | 186,750 |
| | Pvtpl Gw B-Cr Sec Corp | 9.5% Due 11-01-2027 | | | 727,775 |
| | Pvtpl Hanesbrands Inc | Sr 144A 4.875% Due 05-15-2026/05-06-2016 Beo | | | 99,394 |
| | Pvtpl Hanesbrands Inc | Sr Nt 144A 4.625% Due 05-15-2024/05-06-2016 Beo | | | 209,428 |
| | Pvtpl Hilcorp Energy I L P | Sr Nt 144A 6.25% 11-01-2028 | | | 74,639 |
| | Pvtpl Hyundai Cap Amer | .8% Due 01-08-2024 Beo | | | 394,282 |
| | Pvtpl Hyundai Cap Amer | 1.15% Due 11-10-2022 Beo | | | 401,015 |
| | Pvtpl Hyundai Cap Amer | Medium Term Nts Book En .8% Due 04-03-2023 Beo | | | 895,964 |
| | Pvtpl Ihs Markit Ltd | 144A 5% Due 11-01-2022/07-28-2016 | | | 411,400 |
| | Pvtpl Ii-Vi Inc | Sr Nt 144A 5% Due 12-15-2029/12-10-2021 Beo | | | 62,271 |
| | Pvtpl Iliad Hldg S A S | Sr Secd Nt 10-15-2026 | | | 210,146 |
| | Pvtpl Illuminate Buyer Llc | Sr Nt 144A 9.0% Due 07-01-2028 | | | 293,266 |
| | Pvtpl Imperial Brands Fin Plc | Gtd Sr Nt 3.125% 07-26-2024 | | | 620,098 |
| | Pvtpl Imperial Tobbacco Finance | 3.75% 07-21-2022 | | | 303,313 |
| | Pvtpl Ing Groep N V | 1.4% Due 07-01-2026 | | | 692,911 |
| | Pvtpl International Game Technology | 6.25% 01-15-2027 | | | 321,440 |
| | Pvtpl Irb Hldg Corp | Sr Nt 144A 6.75% 02-15-2026 | | | 159,944 |
| | Pvtpl Iron Mtn Inc | New 5.25% Due 07-15-2030 | | | 21,076 |
| | Pvtpl Iron Mtn Inc | New Bds 144A 5.625% Due 07-15-2032/06-22-2020 Beo | | | 321,055 |
| | Pvtpl J2 Global Inc | 4.625% Due 10-15-2030/10-07-2020 Beo | | | 44,103 |
| | Pvtpl Jamf Hldg Corp | .125% Due 09-01-2026 Beo | | | 100,577 |
| | Pvtpl Jazz Secs Designated Activity Co | 4.375% Due 01-15-2029 Beo | | | 224,690 |
| | Pvtpl Jetblue Awys Corp | Sr Nt Conv 0.5% Due 04-01-2026 | | | 91,357 |
| | Pvtpl Kar Auction Svcs Inc | 5.125% Due 06-01-2025 Beo | | | 458,780 |
| | Pvtpl Labl Escrow Issuer Llc | Fixed 6.75% 07-15-2026 | | | 256,619 |
| | Pvtpl Latitude Management Real Estate | Cap Ser 21-Cre4 Cl A Fltg Due 04-22-2037 | | | 399,351 |
| | Pvtpl Lcpr Sr Secd Fing Designated Activity | Co 6.75 10-15-2027 | | | 197,400 |
| | Pvtpl Leaseplan Corp N V | Medium Term Nts2.875% Due 10-24-2024 | | | 206,206 |
| | Pvtpl Level 3 Fing Inc | 3.4% Due 03-01-2027 | | | 722,715 |
| | Pvtpl Level 3 Fing Inc | 3.75% Due 07-15-2029/01-13-2021 Beo | | | 68,400 |
| | Pvtpl Lft Cre 2021-Fl1 Ltd | Cl A 1.26025% 06-15-2039 | | | 996,445 |
| | Pvtpl Lgi Homes Inc | 4.0% 07-15-2029 | | | 193,273 |
| | Pvtpl Lifepoint Health Inc | 5.375% Due 01-15-2029 Beo | | | 29,850 |
| | Pvtpl Lifepoint Health Inc | 6.75% Due 04-15-2025 Beo | | | 335,685 |
| | Pvtpl Lions Gate Cap Hldgs Llc | Sr Nt 5.5%04-15-2029 | | | 300,163 |
| | Pvtpl Live Nation Entmt In | 4.75% Due 10-15-2027 | | | 209,610 |
| | Pvtpl Live Nation Entmt Inc | 4.875% Due 11-01-2024 | | | 25,250 |
| | Pvtpl Lsf11 A5 Holdco Llc | 6.625% Due 10-15-2029 | | | 105,395 |
| | Pvtpl Lumen Technologies Inc | La 5.375% Due 06-15-2029/06-15-2021 Beo | | | 152,000 |
| | Pvtpl Magic Mergeco Inc | 7.875% 05-01-2029 | | | 403,850 |
| | Pvtpl Magnetite Xviii Ltd | Sr16-18A Cl Ar2 Var Rt 11-15-2028 | | | 299,552 |
| | Pvtpl Marathon Clo Ix Ltd | Var Rt Due 04-15-2029 Beo | | | 334,158 |
| | Pvtpl Marriott Ownership Resorts Inc | 6.125% Due 09-15-2025/05-13-2020 Beo | | | 132,398 |
| | Pvtpl Mav Acquisition Corp | Sr Nt 8.0% 08-01-2029 | | | 98,243 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Pvtpl Mav Acquisition Corp | Sr Secd Nt 144A 5.75% 08-01-2028 | | | 72,270 |
| | Pvtpl Meritage Homes Corp | 3.875% 04-15-2029 | | | 30,450 |
| | Pvtpl Metropolitan Edison Co | 4.3% Due 01-15-2029 Beo | | | 111,315 |
| | Pvtpl Mf1 Multifamily Housing Mortgage | Lo Sr 20-Fl4 Cl A Var Rt Due 11-15-2035 | | | 806,605 |
| | Pvtpl Midocean Cr Clo Ii | Var Rt Due 01-29-2030 Beo | | | 299,747 |
| | Pvtpl Midwest Connector Cap Co Llc | 3.625% 04-01-2022 | | | 300,539 |
| | Pvtpl Molina Healthcare Inc | 3.875% Due 11-15-2030 Beo | | | 70,550 |
| | Pvtpl Moss Creek Res Hldgs Inc | Fixed 10.5% 05-15-2027 Beo | | | 144,180 |
| | Pvtpl Mountain View Clo 2017-1 Ltd | Ser 17-1A Cl Ar Frn 10-16-2029 Beo | | | 400,077 |
| | Pvtpl Mountain View Clo X Ltd | Ser 15-10A Cls Ar Fltg 01-13-2027 | | | 217,438 |
| | Pvtpl Mozart Debt Merger Sub Inc | 3.875% Due 04-01-2029 Beo | | | 66,763 |
| | Pvtpl Mozart Debt Merger Sub Inc | 5.25% Due 10-01-2029 Beo | | | 365,924 |
| | Pvtpl Nationstar Mtg Hldgs Inc | Sr Nt 144A 6% Due 01-15-2027/01-16-2020 Beo | | | 52,085 |
| | Pvtpl Navient Private Ed Refi Ln Tr | Sr 2019-C Cl A-2 02-15-2068 | | | 504,466 |
| | Pvtpl Navient Pvt Ed Ln Tr | 2015-B Nt Cl A-3 Fltg Rate 144A Var Rt Due 07-16-2040 | | | 369,512 |
| | Pvtpl Navient Student Ln Tr | 2016-5 Nt Cla Fltg 144A Var Rt Due 06-25-2065 Beo | | | 725,667 |
| | Pvtpl Ncl Corp Ltd | 1.125% Due 02-15-2027Beo | | | 165,725 |
| | Pvtpl Ncl Corp Ltd | 10.25% Due 02-01-2026 | | | 147,638 |
| | Pvtpl Nelnet Student Ln Tr | Fltg Rt Ser 19-2A Cl A 06-27-2067 Beo | | | 627,688 |
| | Pvtpl Nelnet Student Ln Tr | Ser 17-3A Cl A Fltg 02-25-2066 | | | 442,156 |
| | Pvtpl New Residential Mtg | Ser 18-Rpl1 Cl A1 Var 12-25-2057 | | | 379,725 |
| | Pvtpl Nextera Energy Oper Partners Lp | 144A 4.25% 07-15-2024 | | | 137,115 |
| | Pvtpl Nfp Corp | 6.875% Due 08-15-2028 | | | 238,595 |
| | Pvtpl Ngl Energy Oper Llc | 7.5% Due 02-01-2026 | | | 459,960 |
| | Pvtpl Nissan Mtr Ltd | 4.81% Due 09-17-2030 Beo | | | 223,889 |
| | Pvtpl Nrg Energy Inc | Fixed 5.25% 06-15-2029 Beo | | | 234,633 |
| | Pvtpl Nxp B V/Nxp Fdg Llc/Nxp Usa | 4.3% 06-18-2029 | | | 448,519 |
| | Pvtpl Nxp B V/Nxp Fdg Llc/Nxp Usa Inc | 3.4% Due 05-01-2030 Beo | | | 106,675 |
| | Pvtpl Oasis Midstream Partners Lp | 8.0% Due 04-01-2029 | | | 235,440 |
| | Pvtpl Ocp Clo 2015-9 Ltd | Ser 15-9A Cl A1R Fltg 07-15-2027 | | | 5,303 |
| | Pvtpl Ocp Clo Ltd | Sr 14-7A Cl A1Rp Var Rt 07-20-2029 | | | 299,702 |
| | Pvtpl Osd Clo 2021-23 Ltd | Ser 21-23A Cl A Fltg 144A 04-17-2031 | | | 500,000 |
| | Pvtpl Ot Merger Corp | 7.875% Due 10-15-2029 | | | 180,026 |
| | Pvtpl Outfront Media Cap Llc | Sr Nt 144A 6.25% Due 06-15-2025 | | | 193,440 |
| | Pvtpl Ozlm Viii Ltd | Sr Secd Nt Cl A-1R3 Fltg 10-17-2029 | | | 1,200,000 |
| | Pvtpl Ozlm Xxiv Ltd | 20/07/2032 Var Rt Due 07-20-2032 Beo | | | 500,531 |
| | Pvtpl Palmer Sq Ln Fdg Ltd | 2021-4A A1 Fr Clo09-15-2029 Usd | | | 399,972 |
| | Pvtpl Palmer Square Ln | Fdg 2018-4A Ltd Cl A-1 Fltg Rt 11-15-2026 | | | 56,509 |
| | Pvtpl Palmer Square Ln | Fdg Fltg Rt Ser 19-2A Cl A1 04-20-2027 Beo | | | 167,530 |
| | Pvtpl Palmer Square Ln | Fdg Ser 19-4A Cl A1 Fltg 10-24-2027 | | | 218,985 |
| | Pvtpl Panther Bf Aggregator 2 Lp | Fixed 8.5% 05-15-2027 | | | 49,820 |
| | Pvtpl Panther Bf Aggregator 2 Lp | 6.25% 05-15-2026 | | | 56,498 |
| | Pvtpl Parkland Corp/Canada | 4.5% 10-01-2029 | | | 486,384 |
| | Pvtpl Parkland Corp/Canada | 4.625% 07-10-2030 | | | 289,181 |
| | Pvtpl Peloton Interactive Inc | Sr Nt Conv144A 0% Due 02-15-2026 Beo | | | 196,620 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Pvtpl Pennsylvania Elec Co | Fixed 3.6%06-01-2029 Beo | | | 106,496 |
| | Pvtpl Pennymac Finl Svcs Inc | New 5.75% 09-30-2031 | | | 229,270 |
| | Pvtpl Petsmart Inc | 4.75% Due 02-15-2028 Beo | | | 342,768 |
| | Pvtpl Petsmart Inc | 7.75% Due 02-15-2029 Beo | | | 271,563 |
| | Pvtpl Plantronics Inc | New Sr Nt 144A 4.75% Due 03-01-2029/03-04-2021 Beo | | | 110,635 |
| | Pvtpl Playtika Hldg Corp | 4.25% Due 03-15-2029/03-11-2021 Beo | | | 204,820 |
| | Pvtpl Polar Us Borrower Llc | 6.75% 05-15-2026 | | | 299,663 |
| | Pvtpl Premier Entmt Sub Llc | Sr Nt 5.625% 09-01-2029 | | | 99,219 |
| | Pvtpl Premier Entmt Sub Llc | Sr Nt 5.875% 09-01-2031 | | | 141,489 |
| | Pvtpl Protective Life Global Fdg | 1.618% Due 04-15-2026 Beo | | | 697,127 |
| | Pvtpl Providence Svc Corp | Sr Nt 144A 5.875% Due 11-15-2025 Beo | | | 111,300 |
| | Pvtpl Rackspace Technology Global Inc | 3.5% Due 02-15-2028/02-09-2021 Beo | | | 190,394 |
| | Pvtpl Rad Clo 5 Ltd | Sr 19-5A Cl Ar Var Rt Due 07-24-2032 Beo | | | 700,000 |
| | Pvtpl Radiate Holdco Finance | 6.5% Due 09-15-2028 Beo | | | 55,249 |
| | Pvtpl Radiate Holdco Finance | 4.5% Due 09-15-2026 | | | 186,850 |
| | Pvtpl Rattler Midstream Lp | Sr Nt 144A 5.625% Due 07-15-2025/07-14-2020 Beo | | | 119,600 |
| | Pvtpl Reckitt Benckiser Treas Svcs Plc | Fltg Due 06-24-2022 | | | 300,565 |
| | Pvtpl Roblox Corp | 3.875% Due 05-01-2030/10-29-2021 Beo | | | 242,430 |
| | Pvtpl Rolls-Royce | 3.625% Due 10-14-2025 | | | 203,000 |
| | Pvtpl Romark Clo-I Ltd | 23/10/2030 Var Rt Due 10-23-2030 Beo | | | 699,838 |
| | Pvtpl Royal Caribbean Cruises Ltd | 10.875% Due 06-01-2023/05-19-2020 Beo | | | 218,500 |
| | Pvtpl Royal Caribbean Cruises Ltd | 11.5% Due 06-01-2025 Beo | | | 19,040 |
| | Pvtpl Royal Caribbean Cruises Ltd | 5.5% Due 04-01-2028 Beo | | | 284,248 |
| | Pvtpl Sabre Glbl Inc | 7.375% Due 09-01-2025/09-01-2022 Beo | | | 143,165 |
| | Pvtpl Sabre Glbl Inc | 9.25% Due 04-15-2025 | | | 329,960 |
| | Pvtpl Sba Tower Tr | 2020-1C Secd Tower Rev Secs 144A 1.884% Due 07-15-2050 | | | 599,114 |
| | Pvtpl Scientific Games Intl Inc | 5.0% 10-15-2025 | | | 158,543 |
| | Pvtpl Scientific Games Intl Inc | Sr Nt 144A 8.25% 03-15-2026 | | | 346,273 |
| | Pvtpl Sealed Air Corp | New 5.5% 09-15-2025 | | | 33,188 |
| | Pvtpl Sensata Technologies Inc | 4.375% Due 02-15-2030 | | | 210,000 |
| | Pvtpl Sequoia Mtg Tr | Sr-Ch1 Cl-A1 4% 02-25-2048 | | | 258,992 |
| | Pvtpl Sirius Xm Radio Inc | 3.125% Due 09-01-2026 Beo | | | 49,014 |
| | Pvtpl Sirius Xm Radio Inc | 3.875% Due 09-01-2031 Beo | | | 318,646 |
| | Pvtpl Sirius Xm Radio Inc | 4.0% Due 07-15-2028 Beo | | | 356,984 |
| | Pvtpl Six Flags Theme Parks Inc | Sr Secd Nt 144A 7% Due 07-01-2025/04-22-2020 | | | 93,979 |
| | Pvtpl Sk Hynix Inc | 1% Due 01-19-2024 Beo | | | 395,463 |
| | Pvtpl Skymiles Ip Ltd & Delta Air Lines Inc | 4.5% Due 10-20-2025 | | | 315,399 |
| | Pvtpl Slm Student Ln | Ser 04-10 Cl A7B Fltg 10-25-2029 | | | 1,417,291 |
| | Pvtpl Sm Energy Co | 10.0% Due 01-15-2025 Beo | | | 22,000 |
| | Pvtpl Smb Private Ed Ln Tr | 2020-B 1.29% 07/15/2053 1.29% Due 07-15-2053 Beo | | | 522,230 |
| | Pvtpl Smb Private Ed Ln Tr | 2020-Pt-A 1.6% Due 09-15-2054 Beo | | | 1,061,890 |
| | Pvtpl Sonic Automotive Inc | 4.625% Due 11-15-2029 Beo | | | 80,760 |
| | Pvtpl Sonic Automotive Inc | 4.875% Due 11-15-2031 Beo | | | 95,922 |
| | Pvtpl Sound Pt Clo Xiv Ltd | Sr Secd Nt Cl A-R2 01-23-2029 | | | 634,009 |
| | Pvtpl Sound Pt Clo Xvi Ltd | Var Rt Due 07-25-2030 Beo | | | 499,783 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Pvtpl Southern Nat Gas Co L L C | .625% Due 04-28-2023 Beo | | | 397,693 |
| | Pvtpl Sp Finco Llc | Sr 6.75% Due 07-01-2025 | | | 294,190 |
| | Pvtpl Spcm Sa | 3.375% Due 03-15-2030/09-20-2021 Beo | | | 192,500 |
| | Pvtpl Spotify Usa Inc | 0% Due 03-15-2026 Beo | | | 292,121 |
| | Pvtpl Square Inc | Sr Nt 2.75% 06-01-2026 | | | 90,107 |
| | Pvtpl Square Inc | Sr Nt 3.5% 06-01-2031 | | | 338,250 |
| | Pvtpl Ssl Robotics Llc | 9.75% 12-31-2023 | | | 600,168 |
| | Pvtpl Standard Chartered Plc | Nt Fltg Rate 01-20-2023 | | | 200,075 |
| | Pvtpl Standard Inds Inc | Del 3.375% Due 01-15-2031 Beo | | | 216,740 |
| | Pvtpl Stericycle Inc | 3.875% Due 01-15-2029/11-24-2020 Beo | | | 51,220 |
| | Pvtpl Stericycle Inc | Sr Nt 5.375% Due 07-15-2024 | | | 184,620 |
| | Pvtpl Sumitomo Mitsui Tr Bk Ltd | .8% Due 09-12-2023 Beo | | | 398,620 |
| | Pvtpl Summit Matls Llc | Fixed 6.5% 03-15-2027 | | | 98,563 |
| | Pvtpl Summit Midstream Hldgs Llc | 8.5% 10-15-2026 | | | 163,583 |
| | Pvtpl Suntory Hldgs Ltd | 2.55% Due 06-28-2022 | | | 302,246 |
| | Pvtpl Symantec Corp | 5.0% Due 04-15-2025 | | | 29,221 |
| | Pvtpl Tallgrass Energy Partners Lp | 6.0% Due 09-01-2031 Beo | | | 280,047 |
| | Pvtpl Tallgrass Energy Partners Lp | 7.5% 10-01-2025 | | | 152,633 |
| | Pvtpl Tegna Inc | Sr Nt 4.75% Due 03-15-2026 Beo | | | 150,800 |
| | Pvtpl Teleflex Inc | Sr Nt 144A 4.25% Due 06-01-2028/05-27-2020 Beo | | | 169,981 |
| | Pvtpl Telesat Canada | 4.875% Due 06-01-2027 | | | 289,395 |
| | Pvtpl Telesat Cda | 6.5% 10-15-2027 | | | 264,616 |
| | Pvtpl Telesat Cda | 5.625% Due11-06-2026 Beo | | | 111,753 |
| | Pvtpl Telos Clo Ltd | Ser 2014-5A Cl A-1-Rfltg Rate 04-17-2028 | | | 53,586 |
| | Pvtpl Tempo Acqstn Llc | 5.75% Due 06-01-2025/05-07-2020 Beo | | | 129,375 |
| | Pvtpl Tenet Healthcare Corp | 4.375% 01-15-2030 | | | 92,154 |
| | Pvtpl Tenet Healthcare Corp | 6.125% Due 10-01-2028/09-16-2020 Beo | | | 79,216 |
| | Pvtpl Tenet Healthcare Corp | 6.25% 02-01-2027 | | | 382,950 |
| | Pvtpl Tenet Healthcare Corp | 7.5% Due 04-01-2025 Beo | | | 271,532 |
| | Pvtpl Tenneco Inc | 5.125% Due 04-15-2029 Beo | | | 177,905 |
| | Pvtpl Terraform Pwr Oper | 4.25% 01-31-2023 | | | 27,608 |
| | Pvtpl Thor Industries | 4.0% 10-15-2029 | | | 112,860 |
| | Pvtpl Ticp Clo Ii-2 Ltd | Ser 18-Iia Cl A1 Fltg 04-20-2028 | | | 176,702 |
| | Pvtpl Towd Pt Mtg Tr | Fltg Rt Ser 19-Hy2 Cl A1 12-25-2048 Beo | | | 73,642 |
| | Pvtpl Towd Pt Mtg Tr | Ser 2019-Hy3 Cl A1A Fltg 12-25-2048 | | | 533,405 |
| | Pvtpl Towd Pt Mtg Tr | Var Rt Ser 19-1 Cl A1 03-25-2058 | | | 484,167 |
| | Pvtpl Transdigm Inc | 6.25% 03-15-2026 | | | 523,845 |
| | Pvtpl Transdigm Inc | 8% Due 12-15-2025/04-08-2020 Beo | | | 324,940 |
| | Pvtpl Transocean Poseidon Ltd | Sr Secd Nt6.875% 02-01-2027 | | | 125,613 |
| | Pvtpl Transocean Sentry Ltd | 5.375% 05-15-2023 | | | 75,178 |
| | Pvtpl Trinseo Matls Oper S C A | 5.375% Due 09-01-2025 | | | 163,938 |
| | Pvtpl Tripadvisor Inc | .25% Due 04-01-2026 Beo | | | 180,765 |
| | Pvtpl Triumph Group Inc | New 8.875% Due 06-01-2024/08-17-2020 Beo | | | 204,920 |
| | Pvtpl Tronox Inc | 0.0% 05-01-2025 | | | 105,690 |
| | Pvtpl Twitter Inc | 0% Due 03-15-2026 Beo | | | 291,966 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Pvtpl Uber Technologies Inc | 8% Due 11-01-2026 Beo | | | 38,340 |
| | Pvtpl Uber Technologies Inc | Sr Nt 144A 7.5% Due 05-15-2025/05-15-2020 Beo | | | 236,448 |
| | Pvtpl Uniti Group Lp | 7.875% Due 02-15-2025 | | | 276,594 |
| | Pvtpl Univision Communications Inc | Sr Secd Nt 144A 6.625% 06-01-2027 | | | 205,803 |
| | Pvtpl Univision Communications Inc | Sr Secd Nt 9.5% Due 05-01-2025 Beo | | | 58,781 |
| | Pvtpl Vail Resorts Inc | 6.25% 05-15-2025 | | | 95,680 |
| | Pvtpl Valeant Pharmaceuticals | Usd Sr 6.125% Due 04-15-2025/03-27-2015 | | | 539,567 |
| | Pvtpl Valeant Pharmaceuticals Intl | 9.0% Due 12-15-2025 | | | 683,514 |
| | Pvtpl Valeant Pharmaceuticals Intl | 9.25% 144A 04-01-2026 | | | 42,250 |
| | Pvtpl Venture Cdo Ltd | Ser 15-21A Fltg Rate Due 07-15-2027 | | | 112,639 |
| | Pvtpl Venture Cdo Ltd | Sr 14-17A Cl Arr Fltg 04-15-2027 | | | 156,269 |
| | Pvtpl Venture Clo Ltd | Sr 17-28A Cl A2R Var Rt 07-20-2030 | | | 399,991 |
| | Pvtpl Venture Global Calcasieu Pass Llc | 3.875% Due 08-15-2029 | | | 294,650 |
| | Pvtpl Venture Xxix Clo Ltd | Var Rt Due 09-07-2030 Beo | | | 500,293 |
| | Pvtpl Venture Xxv Clo Ltd | Sr 16-25A Cl Arr Fltg Rt 04-20-2029 | | | 805,566 |
| | Pvtpl Venture Xxvi Clo Ltd | Ser 17-26A Cl A-R Fltg 01-20-2029 Beo | | | 1,200,099 |
| | Pvtpl Verscend Escrow Corp | 9.75% 08-15-2026 | | | 1,202,185 |
| | Pvtpl Vertical Brdg Cc Llc | Secd Tower Rev Nt Ser 144A 2.636 Due 09-15-2050 Beo | | | 603,630 |
| | Pvtpl Viasat Inc | Sr Nt 144A 5.625% 09-15-2025 | | | 614,055 |
| | Pvtpl Vibrant Clo Ltd | Ltd Ser 19-11A Cl A1R1 Fltg 07-20-2032 | | | 399,844 |
| | Pvtpl Vistra Operations Co Llc | 4.375% Due 05-01-2029 Beo | | | 302,492 |
| | Pvtpl Vistra Operations Co Llc | 5.0% 07-31-2027 | | | 93,404 |
| | Pvtpl Vistra Operations Co Llc | 5.5% Due 09-01-2026 Beo | | | 224,083 |
| | Pvtpl Vistra Operations Co Llc | Sr Nt 144A 5.625% 02-15-2027 | | | 94,760 |
| | Pvtpl Volkswagen Group Amer Fin Llc | 3.35% Due 05-13-2025 Beo | | | 315,762 |
| | Pvtpl Voya Clo 2016-4 Ltd | Ser 16-4A Cl Arr Fltg Rt Due 07-20-2029 | | | 464,998 |
| | Pvtpl W R Grace Hldgs Llc | Sr Nt 5.625% 08-15-2029 | | | 148,444 |
| | Pvtpl Weatherford Intl Ltd | 6.5% 09-15-2028 | | | 79,357 |
| | Pvtpl Wellfleet Clo Ltd | Ser 15-1A Cl Ar4 Var Rt Due 07-20-2029 Beo | | | 1,071,048 |
| | Pvtpl Xpo Logistics Inc | Sr Nt 144A 6.25%Due 05-01-2025/04-28-2020 Beo | | | 141,244 |
| | Pvtpl Yara Intl Asa | Nt 144A 3.148% Due 06-04-2030/06-04-2020 Beo | | | 413,064 |
| | Pvtpl Yum Brands Inc | Sr Nt 144A 7.75% Due 04-01-2025/04-01-2020 Beo | | | 68,494 |
| | Pvtpl Z Cap Cr Partners Clo | Ser 15-1A Cl A1R Fltgt Rt 07-16-2027 | | | 5,006 |
| | Pvtpldish Dbs Corp | Sr Secd Nt 5.75% 12-01-2028 | | | 488,840 |
| | Pvtplolympus Wtr Us Hldg Corp | Sr Nt 6.25% 10-01-2029 | | | 195,000 |
| | Pvtpltriumph Group Inc | 6.25% Due 09-15-2024 | | | 63,394 |
| | Quanta Svcs Inc | Sr Nt .95% 10-01-2024 | | | 395,746 |
| | Qvc Inc | 4.375% Due 03-15-2023 | | | 232,780 |
| | Qvc Inc | 5.45% Due 08-15-2034 | | | 390,060 |
| | Qvc Inc | 5.95% Due 03-15-2043 | | | 73,723 |
| | Qvc Inc | Sr Secd Nt 4.375% 09-01-2028 | | | 26,798 |
| | Rabobank Nederland | Var Rt 1.07975% Due 09-26-2023 | | | 705,563 |
| | Realkredit Danmark | 1% Cvd Bds 01/10/50 Dkk0.01 | | | 1,041,619 |
| | Realkredit Danmark | 1% Gtd 01/10/2053 Dkk | | | 1,432,661 |
| | Realkredit Danmark | 1.5% Cvd Bds 01/10/2053 Dkk | | | 283,285 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Realkredit Danmark | 2% Cvd Bds 01/10/53 Dkk0.01 | | | 90,465 |
| | Realogy Group Llc | 7.625% Due 06-15-2025 | | | 333,900 |
| | Realpage Inc | Due 04-24-2028 Beo | | | 94,894 |
| | Resdntl Mtg Sec | 32A A Cmo 20/06/2070 | | | 1,104,012 |
| | Resimac Bastille | Series 2021-2Nc .78% 02-03-2053 | | | 1,534,804 |
| | Ringcentral Inc | 0.0% Due 03-15-2026 Reg | | | 221,367 |
| | Ripon Mort. Plc | Frn M/Bkd 08/2056 Gbp 'A2' | | | 304,050 |
| | Ripon Mort. Plc | Frn 144A 20/08/2056 | | | 456,074 |
| | Rlj Lodging Tr L P | Sr Secd Nt 144A 3.75%07-01-2026 | | | 119,655 |
| | Rlj Lodging Tr L P | Sr Secd Nt 144A 4% 09-15-2029 | | | 142,462 |
| | Rockcliff Energy | 5.5% Due 10-15-2029 | | | 146,260 |
| | Royal Bk Scotland | Fltg Rt 1.626% Due 05-15-2023 | | | 301,272 |
| | Royal Bk Scotland Group Plc | Sr Nt Fltg Rate Due 06-25-2024/06-25-2023 Reg | | | 711,028 |
| | Rp Escr Issuer Llc | 5.25% Due 12-15-2025 | | | 123,068 |
| | Sabine Pass | 5.625% Due 03-01-2025 | | | 555,310 |
| | Santander United Kingdom Group | 3.571% Due 01-10-2023 | | | 200,085 |
| | Santander United Kingdom Group | Fltg Rt 4.796% Due 11-15-2024 | | | 955,332 |
| | Saranac Clo Vi Ltd | 1.25413% 08-13-2031 | | | 699,980 |
| | Sba Tower Tr | 2.328% Due 07-15-2052 | | | 714,462 |
| | Scientific Games | 8.625% Due 07-01-2025 | | | 396,043 |
| | Sculptor Clo Xxv Ltd | 0% 01-15-2031 | | | 600,126 |
| | Seagate Hdd Cayman | 4.125% Due 01-15-2031 | | | 28,091 |
| | Seagate Hdd Cayman | 5.75% Due 12-01-2034 | | | 330,768 |
| | Segovia Euro C6-19 Frn Clo | 07/2032 Eur 'A' | | | 454,398 |
| | Service Pptys Tr | 5.5% Due 12-15-2027 | | | 195,118 |
| | Slc Student Ln Tr | 2005-4 Cl A-3 Var Rt Due 01-25-2027 | | | 125,217 |
| | Slc Student Ln Tr | 2005-7 Student Ln-Bkd Nt Cl A-4 Var 10-25-2029 Reg | | | 364,758 |
| | Slc Student Ln Tr | 2006-1 Asset Backed Ntcl A-5 Fltg Var 03-15-2027 Reg | | | 40,517 |
| | Slm Corp | Medium 5.5% Due 01-25-2023 | | | 57,283 |
| | Slm Corp | Medium Term Nts Book Entry 5.625% Due 08-01-2033 | | | 125,730 |
| | Sm Energy Co | 5.625% Due 06-01-2025 | | | 226,688 |
| | Sm Energy Co | 6.5% Due 07-15-2028 Reg | | | 14,490 |
| | Smbc Aviation Cap | 4.125% Due 07-15-2023 | | | 208,380 |
| | Sound Point Clo Ltd | 0.0% 20/10/2028 0% 10-20-2028 | | | 321,701 |
| | Sound Pt Clo Ix Ltd | 15-2A Ar 0.0% 07-20-2032 | | | 798,802 |
| | Southern Calif Edison Co | Fltg Rt Due 12-02-2022 Beo | | | 400,365 |
| | Southern Co | Fltg Due 05-10-2023 Beo | | | 399,071 |
| | Southwestern Energy Co | 4.75% 02-01-2032 | | | 173,699 |
| | Southwestern Energy Co | 8.375% Due 11-15-2028 Reg | | | 137,299 |
| | Spi Australia Assets Pty Mtn | 3.3% 09/04/2023 | | | 411,285 |
| | Spirit Airlines Inc | 1% Due 05-15-2026 Beo | | | 99,997 |
| | Splunk Inc | .5% Due 09-15-2023 Beo | | | 272,044 |
| | Splunk Inc | 1.125% Due 06-15-2027 Beo | | | 34,503 |
| | Springleaf Fin | 6.125% Due 03-15-2024 | | | 178,119 |
| | Springleaf Fin | 6.875% Due 03-15-2025 | | | 321,513 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Springleaf Fin | 8.875% Due 06-01-2025 | | | 58,850 |
| | Sprint Cap Corp | 6.875% Due 11-15-2028 | | | 193,545 |
| | Sprint Cap Corp | 8.75% Due 03-15-2032 | | | 361,500 |
| | Sprint Corp | 7.125% Due 06-15-2024 | | | 149,313 |
| | Sprint Corp | Fixed 7.625% Due 03-01-2026 | | | 177,689 |
| | Sse Plc | 1.25% Snr Emtn 16/04/25 Eur | | | 352,951 |
| | Std Inds Inc | Del 4.375% Due 07-15-2030 | | | 128,535 |
| | Steele Creek Clo Ltd | 21/05/2029 0% 05-21-2029 | | | 940,148 |
| | Stride Inc | 1.125% Due 09-01-2027 | | | 123,555 |
| | Sumitomo Mitsui | 1.474% Due 07-08-2025 | | | 398,084 |
| | Sumitomo Mitsui Finl Group Inc | 2.448% Due 09-27-2024 | | | 308,621 |
| | Sumitomo Mitsui Finl Group Inc | 2.696% 07-16-2024 Beo | | | 516,439 |
| | Surgery Ctr Hldgs | 10% Due 04-15-2027 | | | 741,625 |
| | Synchrony Finl | 4.25 Due 08-15-2024 | | | 741,527 |
| | Syngenta Fin N V | 5.182% Due 04-24-2028 | | | 674,094 |
| | Targa Res Partners | Fixed 6.5% Due 07-15-2027 | | | 167,232 |
| | Targa Res Partners | Fixed 6.875% 01-15-2029 | | | 70,483 |
| | Telecom Italia Cap | 6.375% Due 11-15-2033 | | | 134,600 |
| | Telecom Italia Cap | 7.721% Due 06-04-2038 | | | 2,351 |
| | Tenet Healthcare | 6.75% Due 06-15-2023 | | | 152,831 |
| | Tenet Healthcare | 6.875% Due 11-15-2031 | | | 135,958 |
| | Teva | 3.15% Due 10-01-2026 | | | 381,640 |
| | Teva | 4.75% Due 05-09-2027 | | | 198,000 |
| | Textron Inc | Fixed 2.45% Due 03-15-2031 | | | 590,279 |
| | The Ultimate Software Group Inc | Tlb 04-08-2026 | | | 31,799 |
| | Tibco Software Inc | Second Lien Term Loan 02-14-2028 | | | 361,420 |
| | Tibco Software Inc | Trm Bk Ln 06-30-2026 Beo | | | 210,322 |
| | T-Mobile Usa Inc | 2.05% Due 02-15-2028 | | | 298,025 |
| | T-Mobile Usa Inc | 2.55% 02-15-2031 | | | 99,608 |
| | T-Mobile Usa Inc | 2.875% Due 02-15-2031/01-14-2021 Reg | | | 22,715 |
| | T-Mobile Usa Inc | 3.875% 04-15-2030 | | | 547,563 |
| | Tn Gas Pipeln Co | 7% Due 10-15-2028 | | | 255,358 |
| | Towd Point Mortga | Frn M/Bkd 05/2045 Gbp 'A' | | | 967,659 |
| | Towd Point Mt19-13 | Frn M/Bkd 07/2045 Gbp'A1' | | | 1,314,719 |
| | Toyota Mtr Corp | .681% Due 03-25-2024 | | | 397,681 |
| | Toyota Tsusho Corp | 3.625% Snr 13/09/2023Usd | | | 208,372 |
| | Transdigm Inc | 6.375% Due 06-15-2026 | | | 247,584 |
| | Transdigm Inc | Fixed 7.5% 03-15-2027 | | | 140,030 |
| | Transdigm United Kingdom Hldgs Plc | 6.875% 05-15-2026 | | | 209,000 |
| | Transocean Phoenix | 7.75% Due 10-15-2024 | | | 44,945 |
| | Tripadvisor Inc | 7% Due 07-15-2025 | | | 250,035 |
| | Triton Water Holdings Incorporated | Tl Due 03-31-2028 Beo | | | 90,996 |
| | Triumph Group Inc | Fixed 7.75% Due 08-15-2025 | | | 58,558 |
| | Truist Finl Corp | 5.1% Due 12-31-2049 | | | 558,750 |
| | Twilio Inc Fixed | Fixed 3.875% Due 03-10-2031 | | | 92,892 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Corporate debt instruments (continued) | | | | |
| | Twitter Inc | 3.875% Due 12-15-2027 | | | 333,146 |
| | Uber Technologies | 7.5% Due 09-15-2027 | | | 78,357 |
| | Ubs Ag Stamford | 7.625% Due 08-17-2022 | | | 727,029 |
| | Ufc Holdings, Llc | Fltg Rt Tbl 04-29-2026 | | | 81,245 |
| | Unicredit Spa | Fltg Rt 4.02675% Due 01-14-2022 | | | 350,292 |
| | Univision Communications Inc. | Term Loan Due 03-15-2024 Beo | | | 41,227 |
| | Us Foods Inc | Inc 6.25% Due 04-15-2025 | | | 87,465 |
| | Usa Compression | Fixed 6.875% Due 04-01-2026 | | | 95,680 |
| | Utd Contl Hldgs Fixed | Fixed 4.15% Due 04-11-2024 | | | 241,189 |
| | Uwm Mtg Tr | Var Rt .99967% Due 12-25-2051 | | | 398,113 |
| | Venture 38 Clo Ltd | 1.459% 07-30-2032 | | | 300,007 |
| | Venture Cdo Ltd | 20/10/2028 0% 10-20-2028 | | | 650,688 |
| | Venture Global | 4.125% Due 08-15-2031 | | | 285,140 |
| | Venture Xxviii Clo Ltd | Sr Secdnt Cl A1R Fltg 144A 1.244% 07-20-2030 | | | 299,253 |
| | Verizon Communications Inc | Term Loan B2 Due 07-21-2027 Beo | | | 191,003 |
| | Verscend Hldg Corp | Term B-1 Loan Due 08-27-2025 Beo | | | 55,753 |
| | Viasat Inc | 6.5% Due 07-15-2028 | | | 91,228 |
| | Vm Cons Inc | 5.5% Due 04-15-2029 | | | 147,735 |
| | Vmware Inc | Fixed 1% Due 08-15-2024 | | | 396,221 |
| | Voc Escrow Ltd | 5% Due 02-15-2028 | | | 138,600 |
| | Wayfair Inc | .625% Due 10-01-2025 | | | 178,208 |
| | Weatherford Intl Ltd | Sr Nt 144A 8.625% 04-30-2030 | | | 115,235 |
| | Wellfleet Clo 2017-1 Ltd | Sr Secd Nt Cla-1-R-R Fltg 1.144% 04-20-2029 | | | 333,132 |
| | Wells Fargo & Co | 2.509% Snr 27/10/23 Cad5000 | | | 402,799 |
| | Wells Fargo & Co | New Nt Fltg Due 10-31-2023/10-31-2022 Reg | | | 705,577 |
| | Wells Fargo Home | Fltg Rt .60771% Due 10-25-2034 | | | 22,886 |
| | Westinghouse Air Brake Technologies Corp | 4.40% Due 03-15-2024 | | | 105,787 |
| | Westinghouse Air Brake Technologies Corp | 4.7% 09-15-2028 | | | 796,310 |
| | William Carter Co | 5.5% Due 05-15-2025 | | | 212,688 |
| | William Morris Endeavor Entmt Llc | Term B-1 Ln 05-18-25 | | | 255,755 |
| | Wind Riv 2019-3 Clo Ltd | 1.16431% 04-15-2031 | | | 897,853 |
| | Wmg Acquisition Corp | Sr Secd Nt 144A 3.75% 12-01-2029 | | | 222,443 |
| | Wyndham | 6.625% Due 07-31-2026 | | | 272,775 |
| | Wyndham Destinations Inc | 6.0% Due 04-01-2027/03-21-2017 Reg | | | 43,471 |
| | Wyndham Step Cpn | 5.65% Due 04-01-2024 | | | 63,750 |
| | Wyndham Worldwide Corp | 3.9% Due 03-01-2023 Reg | | | 91,350 |
| | Zayo Group Hldgg | 4% Due 03-01-2027 | | | 165,480 |
| | Ziggo Bd Fin B V | 6% Due 01-15-2027 | | | 154,500 |
| | Zynga Inc | 0.0% Due 12-15-2026 | | | 182,518 |
| | | Corporate debt instruments total | | | 323,890,010 |
| | Derivative investments | | | | |
| * | AQR | Syn_Swap 0.0 28 Jan 2022 Taf2 Index Ta35F22_Sw | | | 2,097,288 |
| * | AQR | Syn_Swap 0.0 18 Mar 2022 Smh2 Index Fsmih22_Sw | | | 4,912,254 |
| | Barclays Capital | Put Swo Eur Barcgb33 P 0.197% / R 6Meurib European 317U026X0 04/11/2022 | | 48,696 |
| | BNP Paribas Paris | Put Swo Eur Bnpafrpp P 0.197% / R 6Meurib European 317U004X6 04/11/2022 | | 48,696 |
| | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Derivative investments (continued) | | | | |
| | BNP Paribas Paris | Put Swo Eur Bnpafrpp P 0.195% / R 6Meurib European 317U956W6 02/11/2022 | | 76,626 |
| | BNP Paribas Paris | Put Swo Eur Bnpafrpp P 0.197% / R 6Meurib European 317U004X6 04/11/2022 | | 111,304 |
| | Citibank | Ccp Due Receivable From Citibank | | | 49,000 |
| | Citibank | Otc Derivative Cash Coll Receivable Fromcitibank | | | 1,303,511 |
| | Citigroup | Lch_Ois Sbsius33 20/03/2022 Jpy P 1Dtonar / R 0 Swu01Dz75 | | | 1 |
| | Citigroup | Lch_Ois Sbsius33 20/03/2024 Gbp P 1.248% / R 1Dsonia Swu01Deo1 | | | 915 |
| | Citigroup | Cdx Sbnyus33 08/17/2061 Sell Cmbx.Na.Aaa.12 Swpc0Htx7 | | | 1,222 |
| | Citigroup | Rpi Usd 2.21%/Us Cpi Lch_Sbsius 02-05-2023 Swu0Y9266 | | | 1,606 |
| | Citigroup | Lch_Ois Sbsius33 21/03/2023 Gbp P 1Dsonia / R 1.184% Swu01Dep8 | | | 1,840 |
| | Citigroup | Lch_Irs Sbsius33 11/21/2053 Usd P 3Mlibor / R 1.887% Swu01Dsu2 | | | 5,373 |
| | Citigroup | Lch_Rpi Sbsius33 09/10/2028 Usd P 2.645% / R Cpi Swu0Eq781 | | | 5,631 |
| | Citigroup | Lch_Rpi Sbsius33 15/08/2022 Gbp P 4.22% / R Rpi Swu02Fg21 | | | 7,710 |
| | Citigroup | Lch_Rpi Sbsius33 15/09/2023 Gbp P 4.48% / R Rpi Swu078656 | | | 7,912 |
| | Citigroup | Rpi Usd 2.069%/Us Cpi Lch_Sbsius 07-15-2022 Swu0A5856 | | | 10,553 |
| | Citigroup | Lch_Irs Sbsius33 11/15/2053 Usd P 3Mlibor / R 1.975% Swu01D966 | | | 14,260 |
| | Citigroup | Lch_Rpi Sbsius33 08/26/2028 Usd P 2.573% / R Cpi Swu0Eq690 | | | 14,632 |
| | Citigroup | Lch_Rpi Sbsius33 15/09/2022 Gbp P 4.18% / R Rpi Swu09Ht83 | | | 17,221 |
| | Citigroup | Lch_Rpi Sbsius33 05/14/2026 Usd P 2.813% / R Cpi Swu0Jl852 | | | 21,662 |
| | Citigroup | Lch_Rpi Sbsius33 15/07/2022 Eur P 0.33% / R Cptfe Swu045A43 | | | 24,602 |
| | Citigroup | Lch_Rpi Sbsius33 05/25/2026 Usd P 2.703% / R Cpi Swu0Zn009 | | | 32,425 |
| | Citigroup | Lch_Ois Sbsius33 20/03/2024 Gbp P 1.013% / R 1Dsonia Swu01D1U1 | | | 35,346 |
| | Citigroup | Lch_Rpi Sbsius33 05/13/2026 Usd P 2.768% / R Cpi Swu0Eq088 | | | 41,245 |
| | Citigroup | Lch_Ois Sbsius33 21/09/2032 Gbp P 0.75% / R 1Dsonia Swu01Cd30 | | | 44,973 |
| | Citigroup | Lch_Rpi Sbsius33 15/05/2022 Eur P 0.09% / R Cptfe Swu09Nv53 | | | 62,465 |
| | Citigroup | Lch_Rpi Sbsius33 03/05/2026 Usd P 2.419% / R Cpi Swu0En705 | | | 80,864 |
| | Citigroup | Lch_Rpi Sbsius33 02/24/2031 Usd P 2.311% / R Cpi Swu0Ps017 | | | 89,572 |
| | Citigroup | Ccp Due From Citigroup Global Markets Inc | | | 108,000 |
| | Citigroup | Lch_Rpi Sbsius33 02/26/2026 Usd P 2.314% / R Cpi Swu0En655 | | | 116,547 |
| | Citigroup | Ccp Receivable From Citigroup Global Markets Inc/Salomon Brothers | | | 379,000 |
| | Credit Suisse | Lch_Ois Csfbus33 20/03/2022 Jpy P 1Dtonar / R 0 Swu01E0K2 | | | 181 |
| | Credit Suisse | Cds Ice_Sbsius 12-20-2023 Swpc0Hj26 | | | 1,385 |
| | Credit Suisse | Lch_Ois Csfbus33 17/03/2024 Jpy P 1Dtonar / R 0 Swu01B8C8 | | | 2,620 |
| | Credit Suisse | Cme_Ois Csfbus33 12/07/2024 Usd P 1Dsofr / R 1.4% Swu01E9Q0 | | | 12,954 |
| | Credit Suisse | Lch_Ois Csfbus33 16/03/2052 Gbp P 0.75% / R 1Dsonia Swu01B1V3 | | | 15,188 |
| | Credit Suisse | Ice_Cdx Csfbus33 12/20/2026 Sell Cdx.Na.Ig.37 Swpc0Kbz4 | | | 53,755 |
| | Credit Suisse | Ccp Due To/From Credit Suisse | | | 144,000 |
| | Credit Suisse | Ccp Receivable From Csfb New York | | | 172,000 |
| | Credit Suisse | Ccp Receivable From Ucredit Suisse Securities | | | 438,000 |
| | Credit Suisse | Ice_Cdx Csfbus33 20/12/2026 Sell Itraxx Europe Crossove Swpc0Kbw1 | | | 593,174 |
| | Deutsche Bank | Put Swo Usd Deutgb2L P 2.236% / R 3Mlibor 317U877Z5 11/17/2023 | | | 28,518 |
| | Goldman Sachs | Ice_Cds Goldus33 12/20/2024 Sell Boeing Co 8.75% 08/15/ Swpc0Iy50 | | | 640 |
| | Goldman Sachs | Ice_Cds Goldus33 12/20/2022 Sell Bank Of America Corp F Swpc0Kkb7 | | | 1,417 |
| | Goldman Sachs | Ice_Cds Goldus33 12/20/2022 Sell Jpmorgan Chase & Co 3. Swpc0Kka9 | | | 1,456 |
| | Goldman Sachs | Ice_Cds Goldus33 12/20/2024 Sell General Electric Co 2. Swpc0Iit6 | | | 1,774 |
| | Goldman Sachs | Ice_Cds Goldus33 12/20/2022 Sell Citigroup Inc 2.876% 0 Swpc0Kkc5 | | | 2,081 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Derivative investments (continued) | | | | |
| | Goldman Sachs | Cds Ice_Goldus 06-20-2023 Swpc0Gqg9 | | | 2,162 |
| | Goldman Sachs | Ice_Cds Goldus33 12/20/2026 Sell General Electric Co 2. Swpc0Kbe1 | | | 3,137 |
| | Goldman Sachs | Cds / Sts Gsilgb2X 10-17-2057 Swpc0Atk0 | | | 3,423 |
| | Goldman Sachs | Ice_Cdx Goldus33 12/20/2025 Sell Cdx.Na.Ig.35 Swpc0Jj30 | | | 7,168 |
| | Goldman Sachs | Ice_Cdx Goldus33 06/20/2026 Sell Cdx.Na.Ig.36 Swpc0Jz99 | | | 34,199 |
| | Goldman Sachs | Ice_Cdx Goldus33 12/20/2026 Sell Cdx.Na.Ig.37 Swpc0Kbz4 | | | 703,699 |
| | Goldman Sachs | Ccp Otc Derivative Cash Collateral Receivable From Goldma | | | 95,000 |
| | Goldman Sachs | Ccp Due Receivable From Gsc | | | 1,118,000 |
| | HSBC | P-Note 31/10/2022 | | | 5,242,509 |
| | JP Morgan Chase | Eis Chasus33 03/16/2022 Usd 1Ousso/Msci Daily Tr N Aqr13433916 | | | 1,799 |
| | JP Morgan Chase | Eis Chasus33 16/03/2022 Eur 1Destr/Msci Italy Net Aqr13433934 | | | 28,439 |
| | JP Morgan Chase | Otc Derivative Cash Collateral Receivable From Jp Morgan Chase Bank Na | | 2,332,652 |
| | Merrill Lynch | Otc Derivative Cash Coll Receivable Frommerrill Lynch Intl | | | 12,360,213 |
| | Nomura Global Financial Products Inc | Put Swo Usd Ngfpus33 P 2.285% / R 3Mlibor 317U658Z0 11/13/2023 | | | 57,419 |
| | Standard Chartered Bank | Otc Derivative Cash Collateral Receivable From Standard Chartered | | | 90,000 |
| | Not Applicable | Cash collateral due from broker – New Zealand Dollar | | | 4,854 |
| | Not Applicable | Cash collateral due from broker – New Zealand Dollar | | | 36,438 |
| | Not Applicable | Cash collateral due from broker – Japanese Yen | | | 112,050 |
| | Not Applicable | Cash collateral due from broker – United States Dollar | | | 140,227 |
| | Not Applicable | Cash collateral due from broker – Euro | | | 151,727 |
| | Not Applicable | Cash collateral due from broker – British pound sterling | | | 903,676 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 01 DEC, 2021 AUD USD EX.RATE 1.397447 | | 66,471 |
| | Citibank | FX DEAL TRANSACTED ON 01 DEC, 2021 AUD USD EX.RATE 1.397448 | | 66,476 |
| | BNP Paribas Paris | FX DEAL TRANSACTED ON 01 DEC, 2021 AUD USD EX.RATE 1.397617 | | 20,854 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 01 DEC, 2021 CHF USD EX.RATE 0.917538 | | 1,046 |
| | Citibank | FX DEAL TRANSACTED ON 01 DEC, 2021 CHF USD EX.RATE 0.917539 | | 1,046 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 02 DEC, 2021 AUD USD EX.RATE 1.407851 | | 96,773 |
| | Citibank | FX DEAL TRANSACTED ON 02 DEC, 2021 AUD USD EX.RATE 1.407852 | | 96,778 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 02 DEC, 2021 SGD USD EX.RATE 1.365496 | | 279 |
| | Citibank | FX DEAL TRANSACTED ON 02 DEC, 2021 SGD USD EX.RATE 1.365498 | | 279 |
| | BNP Paribas Paris | FX DEAL TRANSACTED ON 03 DEC, 2021 BRL USD EX.RATE 5.677460 | | 13,932 |
| | Deutsche Bank | FX DEAL TRANSACTED ON 03 DEC, 2021 CNH USD EX.RATE 6.396080 | | 961 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 03 DEC, 2021 EUR USD EX.RATE 0.883304 | | 115 |
| | Citibank | FX DEAL TRANSACTED ON 03 DEC, 2021 EUR USD EX.RATE 0.883305 | | 115 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 03 DEC, 2021 SEK USD EX.RATE 9.099755 | | 14,842 |
| | Citibank | FX DEAL TRANSACTED ON 03 DEC, 2021 SEK USD EX.RATE 9.099766 | | 14,845 |
| | Citibank | FX DEAL TRANSACTED ON 05 NOV, 2021 USD DKK EX.RATE 0.155745 | | 970 |
| | Citibank | FX DEAL TRANSACTED ON 05 OCT, 2021 USD DKK EX.RATE 0.156582 | | 983 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 06 DEC, 2021 EUR USD EX.RATE 0.883460 | | 222 |
| | Citibank | FX DEAL TRANSACTED ON 06 DEC, 2021 EUR USD EX.RATE 0.883461 | | 222 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 06 DEC, 2021 GBP USD EX.RATE 0.754258 | | 663 |
| | Citibank | FX DEAL TRANSACTED ON 06 DEC, 2021 GBP USD EX.RATE 0.754259 | | 663 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 06 DEC, 2021 ILS USD EX.RATE 3.150820 | | 1,689 |
| | Citibank | FX DEAL TRANSACTED ON 06 DEC, 2021 ILS USD EX.RATE 3.150824 | | 1,689 |
| | Citibank | FX DEAL TRANSACTED ON 06 DEC, 2021 MXN USD EX.RATE 21.700800 | | 9,819 |
| | | | | |
| | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Derivative investments (continued) | | | | |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 06 DEC, 2021 SGD USD EX.RATE 1.370381 | | 2,374 |
| | Citibank | FX DEAL TRANSACTED ON 06 DEC, 2021 SGD USD EX.RATE 1.370382 | | 2,374 |
| | Citibank | FX DEAL TRANSACTED ON 06 OCT, 2021 USD DKK EX.RATE 0.155612 | | 10,235 |
| | Citibank | FX DEAL TRANSACTED ON 08 NOV, 2021 USD DKK EX.RATE 0.156008 | | 3,223 |
| | Citibank | FX DEAL TRANSACTED ON 08 OCT, 2021 USD DKK EX.RATE 0.156036 | | 3,043 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 09 DEC, 2021 DKK USD EX.RATE 6.555421 | | 66 |
| | Citibank | FX DEAL TRANSACTED ON 09 DEC, 2021 DKK USD EX.RATE 6.555429 | | 66 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 09 DEC, 2021 SGD USD EX.RATE 1.362680 | | 244 |
| | Citibank | FX DEAL TRANSACTED ON 09 DEC, 2021 SGD USD EX.RATE 1.362682 | | 244 |
| | HSBC | FX DEAL TRANSACTED ON 09 NOV, 2021 USD DKK EX.RATE 0.156395 | | 1,217 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 10 DEC, 2021 DKK USD EX.RATE 6.565506 | | 404 |
| | Citibank | FX DEAL TRANSACTED ON 10 DEC, 2021 DKK USD EX.RATE 6.565515 | | 404 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 10 DEC, 2021 GBP USD EX.RATE 0.755889 | | 11,777 |
| | Citibank | FX DEAL TRANSACTED ON 10 DEC, 2021 GBP USD EX.RATE 0.755890 | | 11,777 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 10 DEC, 2021 HKD USD EX.RATE 7.797681 | | 1 |
| | Citibank | FX DEAL TRANSACTED ON 10 DEC, 2021 HKD USD EX.RATE 7.797714 | | 1 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 10 DEC, 2021 HKD USD EX.RATE 7.799438 | | 88 |
| | Citibank | FX DEAL TRANSACTED ON 10 DEC, 2021 HKD USD EX.RATE 7.799447 | | 88 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 10 DEC, 2021 NOK USD EX.RATE 9.001486 | | 51 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 10 DEC, 2021 NOK USD EX.RATE 9.001486 | | 51 |
| | Citibank | FX DEAL TRANSACTED ON 10 DEC, 2021 SGD USD EX.RATE 1.366168 | | 33 |
| | Citibank | FX DEAL TRANSACTED ON 10 DEC, 2021 SGD USD EX.RATE 1.366168 | | 33 |
| | Citibank | FX DEAL TRANSACTED ON 11 NOV, 2021 USD DKK EX.RATE 0.154616 | | 2,733 |
| | BNP Paribas Paris | FX DEAL TRANSACTED ON 12 NOV, 2021 USD DKK EX.RATE 0.154372 | | 1,574 |
| | Citibank | FX DEAL TRANSACTED ON 12 OCT, 2021 USD DKK EX.RATE 0.155927 | | 2,680 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 13 DEC, 2021 CHF USD EX.RATE 0.920186 | | 32 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 13 DEC, 2021 CHF USD EX.RATE 0.920186 | | 32 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 13 DEC, 2021 EUR USD EX.RATE 0.884337 | | 48 |
| | Citibank | FX DEAL TRANSACTED ON 13 DEC, 2021 EUR USD EX.RATE 0.884338 | | 48 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 13 DEC, 2021 GBP USD EX.RATE 0.754789 | | 3,002 |
| | Citibank | FX DEAL TRANSACTED ON 13 DEC, 2021 GBP USD EX.RATE 0.754790 | | 3,002 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 13 DEC, 2021 HKD USD EX.RATE 7.798488 | | 13 |
| | Citibank | FX DEAL TRANSACTED ON 13 DEC, 2021 HKD USD EX.RATE 7.798497 | | 13 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 13 DEC, 2021 USD ILS EX.RATE 0.322973 | | 61 |
| | Citibank | FX DEAL TRANSACTED ON 13 DEC, 2021 USD ILS EX.RATE 0.322974 | | 61 |
| | HSBC | FX DEAL TRANSACTED ON 13 OCT, 2021 USD DKK EX.RATE 0.155936 | | 2,662 |
| | HSBC | FX DEAL TRANSACTED ON 14 DEC, 2021 AUD USD EX.RATE 1.402780 | | 22,600 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 14 DEC, 2021 BRL USD EX.RATE 5.695999 | | 8,340 |
| | Citibank | FX DEAL TRANSACTED ON 14 DEC, 2021 DKK USD EX.RATE 6.577424 | | 27 |
| | Citibank | FX DEAL TRANSACTED ON 14 DEC, 2021 DKK USD EX.RATE 6.577424 | | 27 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 14 DEC, 2021 GBP USD EX.RATE 0.756422 | | 4,321 |
| | Citibank | FX DEAL TRANSACTED ON 14 DEC, 2021 GBP USD EX.RATE 0.756423 | | 4,321 |
| | Citibank | FX DEAL TRANSACTED ON 14 DEC, 2021 NOK USD EX.RATE 9.063418 | | 30,525 |
| | Citibank | FX DEAL TRANSACTED ON 14 DEC, 2021 USD ILS EX.RATE 0.322104 | | 14 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 14 DEC, 2021 USD ILS EX.RATE 0.322104 | | 14 |
| | | | | |
| | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Derivative investments (continued) | | | | |
| | HSBC | FX DEAL TRANSACTED ON 14 OCT, 2021 USD DKK EX.RATE 0.156767 | | 1,734 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 15 DEC, 2021 DKK USD EX.RATE 6.581611 | | 85 |
| | Citibank | FX DEAL TRANSACTED ON 15 DEC, 2021 DKK USD EX.RATE 6.581624 | | 85 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 15 DEC, 2021 GBP USD EX.RATE 0.753675 | | 612 |
| | Citibank | FX DEAL TRANSACTED ON 15 DEC, 2021 GBP USD EX.RATE 0.753676 | | 612 |
| | Citibank | FX DEAL TRANSACTED ON 15 DEC, 2021 NOK USD EX.RATE 9.096579 | | 58 |
| | Citibank | FX DEAL TRANSACTED ON 15 DEC, 2021 NOK USD EX.RATE 9.096579 | | 58 |
| | Goldman Sachs | FX DEAL TRANSACTED ON 15 NOV, 2021 USD CAD EX.RATE 0.798473 | | 3,603 |
| | HSBC | FX DEAL TRANSACTED ON 15 NOV, 2021 USD EUR EX.RATE 1.147805 | | 13,652 |
| | HSBC | FX DEAL TRANSACTED ON 15 NOV, 2021 USD JPY EX.RATE 0.008792 | | 1,467 |
| | BNP Paribas Paris | FX DEAL TRANSACTED ON 15 OCT, 2021 USD DKK EX.RATE 0.156581 | | 1,000 |
| | Credit Suisse | FX DEAL TRANSACTED ON 16 DEC, 2021 BRL USD EX.RATE 5.689999 | | 1,584 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 17 DEC, 2021 EUR USD EX.RATE 0.882382 | | 397 |
| | BNP Paribas Paris | FX DEAL TRANSACTED ON 17 DEC, 2021 MXN USD EX.RATE 20.730499 | | 7,494 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 17 DEC, 2021 NOK USD EX.RATE 9.000552 | | 30 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 17 DEC, 2021 NOK USD EX.RATE 9.000552 | | 30 |
| | Citibank | FX DEAL TRANSACTED ON 18 OCT, 2021 USD DKK EX.RATE 0.156406 | | 2,844 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 19 NOV, 2021 CHF USD EX.RATE 0.923990 | | 796 |
| | Citibank | FX DEAL TRANSACTED ON 19 NOV, 2021 CHF USD EX.RATE 0.923992 | | 796 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 19 NOV, 2021 DKK USD EX.RATE 6.559601 | | 48 |
| | Citibank | FX DEAL TRANSACTED ON 19 NOV, 2021 DKK USD EX.RATE 6.559613 | | 48 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 19 NOV, 2021 EUR USD EX.RATE 0.883200 | | 112 |
| | Citibank | FX DEAL TRANSACTED ON 19 NOV, 2021 EUR USD EX.RATE 0.883201 | | 112 |
| | Citibank | FX DEAL TRANSACTED ON 19 NOV, 2021 GBP USD EX.RATE 0.744959 | | 455 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 19 NOV, 2021 GBP USD EX.RATE 0.744959 | | 455 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 19 NOV, 2021 NOK USD EX.RATE 8.933612 | | 14,455 |
| | Citibank | FX DEAL TRANSACTED ON 19 NOV, 2021 NOK USD EX.RATE 8.933623 | | 14,456 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 19 NOV, 2021 SGD USD EX.RATE 1.358296 | | 5,420 |
| | Citibank | FX DEAL TRANSACTED ON 19 NOV, 2021 SGD USD EX.RATE 1.358297 | | 5,421 |
| | Citibank | FX DEAL TRANSACTED ON 19 NOV, 2021�� USD HKD EX.RATE 0.128391 | | 139 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 19 NOV, 2021 USD HKD EX.RATE 0.128391 | | 139 |
| | Citibank | FX DEAL TRANSACTED ON 20 APR, 2021 USD PEN EX.RATE 0.271503 | | 22,106 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 20 AUG, 2021 USD BRL EX.RATE 0.176966 | | 39,930 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 20 DEC, 2021 HKD USD EX.RATE 7.801956 | | 18 |
| | Citibank | FX DEAL TRANSACTED ON 20 DEC, 2021 HKD USD EX.RATE 7.801963 | | 18 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 20 DEC, 2021 ILS USD EX.RATE 3.137169 | | 20 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 20 DEC, 2021 ILS USD EX.RATE 3.137169 | | 20 |
| | BNP Paribas Paris | FX DEAL TRANSACTED ON 20 OCT, 2021 USD DKK EX.RATE 0.156911 | | 2,120 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 21 DEC, 2021 GBP USD EX.RATE 0.756036 | | 1,943 |
| | Citibank | FX DEAL TRANSACTED ON 21 DEC, 2021 GBP USD EX.RATE 0.756037 | | 1,943 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 21 DEC, 2021 ILS USD EX.RATE 3.161089 | | 46 |
| | Citibank | FX DEAL TRANSACTED ON 21 DEC, 2021 ILS USD EX.RATE 3.161100 | | 46 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 21 OCT, 2021 USD DKK EX.RATE 0.157072 | | 1,106 |
| | BNP Paribas Paris | FX DEAL TRANSACTED ON 21 SEP, 2021 USD MXN EX.RATE 0.048833 | | 457 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 22 DEC, 2021 DKK USD EX.RATE 6.587486 | | 126 |
| | | | | |
| | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Derivative investments (continued) | | | | |
| | Citibank | FX DEAL TRANSACTED ON 22 DEC, 2021 DKK USD EX.RATE 6.587495 | | 126 |
| | BNP Paribas Paris | FX DEAL TRANSACTED ON 22 DEC, 2021 EUR USD EX.RATE 0.884126 | | 755 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 22 DEC, 2021 SGD USD EX.RATE 1.365389 | | 191 |
| | Citibank | FX DEAL TRANSACTED ON 22 DEC, 2021 SGD USD EX.RATE 1.365390 | | 191 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 22 NOV, 2021 CHF USD EX.RATE 0.925002 | | 554 |
| | Citibank | FX DEAL TRANSACTED ON 22 NOV, 2021 CHF USD EX.RATE 0.925003 | | 554 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 22 NOV, 2021 GBP USD EX.RATE 0.744320 | | 993 |
| | Citibank | FX DEAL TRANSACTED ON 22 NOV, 2021 GBP USD EX.RATE 0.744321 | | 993 |
| | Citibank | FX DEAL TRANSACTED ON 22 NOV, 2021 USD HKD EX.RATE 0.128374 | | 7 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 22 NOV, 2021 USD HKD EX.RATE 0.128374 | | 7 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 22 NOV, 2021 USD ILS EX.RATE 0.324372 | | 211 |
| | Citibank | FX DEAL TRANSACTED ON 22 NOV, 2021 USD ILS EX.RATE 0.324373 | | 211 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 22 NOV, 2021 USD ILS EX.RATE 0.324431 | | 43 |
| | Citibank | FX DEAL TRANSACTED ON 22 NOV, 2021 USD ILS EX.RATE 0.324432 | | 43 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 23 DEC, 2021 ILS USD EX.RATE 3.147933 | | 336 |
| | Citibank | FX DEAL TRANSACTED ON 23 DEC, 2021 ILS USD EX.RATE 3.147937 | | 336 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 23 DEC, 2021 NOK USD EX.RATE 8.862167 | | 6,131 |
| | Citibank | FX DEAL TRANSACTED ON 23 DEC, 2021 NOK USD EX.RATE 8.862178 | | 6,133 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 23 DEC, 2021 SGD USD EX.RATE 1.361259 | | 69 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 23 DEC, 2021 SGD USD EX.RATE 1.361259 | | 69 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 23 NOV, 2021 AUD USD EX.RATE 1.382314 | | 21,582 |
| | Citibank | FX DEAL TRANSACTED ON 23 NOV, 2021 AUD USD EX.RATE 1.382315 | | 21,588 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 23 NOV, 2021 CHF USD EX.RATE 0.927582 | | 1,139 |
| | Citibank | FX DEAL TRANSACTED ON 23 NOV, 2021 CHF USD EX.RATE 0.927584 | | 1,139 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 23 NOV, 2021 EUR USD EX.RATE 0.885133 | | 282 |
| | Citibank | FX DEAL TRANSACTED ON 23 NOV, 2021 EUR USD EX.RATE 0.885134 | | 282 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 23 NOV, 2021 GBP USD EX.RATE 0.747065 | | 595 |
| | Citibank | FX DEAL TRANSACTED ON 23 NOV, 2021 GBP USD EX.RATE 0.747066 | | 595 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 23 NOV, 2021 USD HKD EX.RATE 0.128365 | | 16 |
| | Citibank | FX DEAL TRANSACTED ON 23 NOV, 2021 USD HKD EX.RATE 0.128366 | | 17 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 23 NOV, 2021 USD ILS EX.RATE 0.322805 | | 19 |
| | Citibank | FX DEAL TRANSACTED ON 23 NOV, 2021 USD ILS EX.RATE 0.322806 | | 19 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 23 NOV, 2021 USD ILS EX.RATE 0.322823 | | 21 |
| | Citibank | FX DEAL TRANSACTED ON 23 NOV, 2021 USD ILS EX.RATE 0.322824 | | 21 |
| | Banco Santander S.A. | FX DEAL TRANSACTED ON 24 AUG, 2021 USD BRL EX.RATE 0.175143 | | 2,222 |
| | Banco Santander S.A. | FX DEAL TRANSACTED ON 24 AUG, 2021 USD BRL EX.RATE 0.175731 | | 6,039 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 24 NOV, 2021 CHF USD EX.RATE 0.930994 | | 2,582 |
| | Citibank | FX DEAL TRANSACTED ON 24 NOV, 2021 CHF USD EX.RATE 0.930995 | | 2,582 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 24 NOV, 2021 DKK USD EX.RATE 6.593149 | | 323 |
| | Citibank | FX DEAL TRANSACTED ON 24 NOV, 2021 DKK USD EX.RATE 6.593157 | | 323 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 24 NOV, 2021 EUR USD EX.RATE 0.886223 | | 178 |
| | Citibank | FX DEAL TRANSACTED ON 24 NOV, 2021 EUR USD EX.RATE 0.886224 | | 178 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 26 NOV, 2021 EUR USD EX.RATE 0.886856 | | 192 |
| | Citibank | FX DEAL TRANSACTED ON 26 NOV, 2021 EUR USD EX.RATE 0.886857 | | 192 |
| | Citibank | FX DEAL TRANSACTED ON 27 SEP, 2021 USD DKK EX.RATE 0.157952 | | 19,758 |
| | | | | |
| | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Derivative investments (continued) | | | | |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 28 DEC, 2021 DKK USD EX.RATE 6.569282 | | 782 |
| | Citibank | FX DEAL TRANSACTED ON 28 DEC, 2021 DKK USD EX.RATE 6.569291 | | 782 |
| | HSBC | FX DEAL TRANSACTED ON 28 DEC, 2021 EUR USD EX.RATE 0.882270 | | 1,342 |
| | BNP Paribas Paris | FX DEAL TRANSACTED ON 28 DEC, 2021 EUR USD EX.RATE 0.883055 | | 1,650 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 28 DEC, 2021 EUR USD EX.RATE 0.883256 | | 3,673 |
| | Citibank | FX DEAL TRANSACTED ON 28 DEC, 2021 EUR USD EX.RATE 0.883257 | | 3,674 |
| | HSBC | FX DEAL TRANSACTED ON 28 DEC, 2021 GBP USD EX.RATE 0.743141 | | 1,892 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 28 DEC, 2021 HKD USD EX.RATE 7.798593 | | 14 |
| | Citibank | FX DEAL TRANSACTED ON 28 DEC, 2021 HKD USD EX.RATE 7.798603 | | 14 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 28 DEC, 2021 ILS USD EX.RATE 3.112345 | | 16 |
| | Citibank | FX DEAL TRANSACTED ON 28 DEC, 2021 ILS USD EX.RATE 3.112349 | | 16 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 28 DEC, 2021 SEK USD EX.RATE 9.061752 | | 124 |
| | Citibank | FX DEAL TRANSACTED ON 28 DEC, 2021 SEK USD EX.RATE 9.061763 | | 124 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 DEC, 2021 DKK USD EX.RATE 6.540578 | | 1 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 DEC, 2021 DKK USD EX.RATE 6.540578 | | 1 |
| | Citibank | FX DEAL TRANSACTED ON 29 DEC, 2021 EUR USD EX.RATE 0.879739 | | 3 |
| | Citibank | FX DEAL TRANSACTED ON 29 DEC, 2021 EUR USD EX.RATE 0.879739 | | 3 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 DEC, 2021 HKD USD EX.RATE 7.797945 | | 8 |
| | Citibank | FX DEAL TRANSACTED ON 29 DEC, 2021 HKD USD EX.RATE 7.797954 | | 8 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 DEC, 2021 SEK USD EX.RATE 9.087204 | | 4,861 |
| | Citibank | FX DEAL TRANSACTED ON 29 DEC, 2021 SEK USD EX.RATE 9.087215 | | 4,863 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 DEC, 2021 SGD USD EX.RATE 1.354747 | | 55 |
| | Citibank | FX DEAL TRANSACTED ON 29 DEC, 2021 SGD USD EX.RATE 1.354748 | | 55 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 DEC, 2021 USD JPY EX.RATE 0.008703 | | 153 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 NOV, 2021 CHF USD EX.RATE 0.921666 | | 350 |
| | Citibank | FX DEAL TRANSACTED ON 29 NOV, 2021 CHF USD EX.RATE 0.921667 | | 350 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 NOV, 2021 CHF USD EX.RATE 0.922497 | | 1,422 |
| | Citibank | FX DEAL TRANSACTED ON 29 NOV, 2021 CHF USD EX.RATE 0.922498 | | 1,422 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 NOV, 2021 DKK USD EX.RATE 6.580831 | | 194 |
| | Citibank | FX DEAL TRANSACTED ON 29 NOV, 2021 DKK USD EX.RATE 6.580839 | | 194 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 NOV, 2021 DKK USD EX.RATE 6.582179 | | 695 |
| | Citibank | FX DEAL TRANSACTED ON 29 NOV, 2021 DKK USD EX.RATE 6.582188 | | 695 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 NOV, 2021 EUR USD EX.RATE 0.885003 | | 8,313 |
| | Citibank | FX DEAL TRANSACTED ON 29 NOV, 2021 EUR USD EX.RATE 0.885004 | | 8,314 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 NOV, 2021 GBP USD EX.RATE 0.749571 | | 7,571 |
| | Citibank | FX DEAL TRANSACTED ON 29 NOV, 2021 GBP USD EX.RATE 0.749572 | | 7,572 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 NOV, 2021 HKD USD EX.RATE 7.799056 | | 28 |
| | Citibank | FX DEAL TRANSACTED ON 29 NOV, 2021 HKD USD EX.RATE 7.799067 | | 28 |
| | Citibank | FX DEAL TRANSACTED ON 29 NOV, 2021 USD JPY EX.RATE 0.008815 | | 5,227 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 29 NOV, 2021 USD JPY EX.RATE 0.008815 | | 5,227 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 30 DEC, 2021 EUR USD EX.RATE 0.884239 | | 8,946 |
| | Citibank | FX DEAL TRANSACTED ON 30 DEC, 2021 EUR USD EX.RATE 0.884240 | | 8,948 |
| | BNP Paribas Paris | FX DEAL TRANSACTED ON 30 DEC, 2021 GBP USD EX.RATE 0.741886 | | 765 |
| | Citibank | FX DEAL TRANSACTED ON 30 DEC, 2021 USD JPY EX.RATE 0.008698 | | 250 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 30 DEC, 2021 USD JPY EX.RATE 0.008698 | | 250 |
| | | | | |
| | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Derivative investments (continued) | | | | |
| | Citibank | FX DEAL TRANSACTED ON 30 NOV, 2021 DKK USD EX.RATE 6.577525 | | 8 |
| | Citibank | FX DEAL TRANSACTED ON 30 NOV, 2021 DKK USD EX.RATE 6.577525 | | 8 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 30 NOV, 2021 NOK USD EX.RATE 9.053412 | | 30,760 |
| | Citibank | FX DEAL TRANSACTED ON 30 NOV, 2021 NOK USD EX.RATE 9.053424 | | 30,761 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 30 NOV, 2021 SGD USD EX.RATE 1.369041 | | 11,376 |
| | Citibank | FX DEAL TRANSACTED ON 30 NOV, 2021 SGD USD EX.RATE 1.369042 | | 11,377 |
| | Citibank | FX DEAL TRANSACTED ON 30 NOV, 2021 USD DKK EX.RATE 0.153265 | | 7 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 30 NOV, 2021 USD DKK EX.RATE 0.153265 | | 7 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 30 NOV, 2021 USD DKK EX.RATE 0.153286 | | 233 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 30 NOV, 2021 USD EUR EX.RATE 1.139996 | | 37 |
| | Citibank | FX DEAL TRANSACTED ON 30 NOV, 2021 USD EUR EX.RATE 1.139997 | | 37 |
| | HSBC | FX DEAL TRANSACTED ON 30 SEP, 2021 USD DKK EX.RATE 0.156217 | | 105,866 |
| | Banco Santander S.A. New York | FX DEAL TRANSACTED ON 31 DEC, 2021 BRL USD EX.RATE 5.580499 | | 1,250 |
| | JP Morgan Chase | FX DEAL TRANSACTED ON 31 DEC, 2021 BRL USD EX.RATE 5.580499 | | 135 |
| * | State Street | FX DEAL TRANSACTED ON 31 DEC, 2021 BRL USD EX.RATE 5.580500 | | 141 |
| | Standard Chartered Bank | FX DEAL TRANSACTED ON 31 DEC, 2021 EUR USD EX.RATE 0.879352 | | 2 |
| | Credit Suisse | FX DEAL TRANSACTED ON 31 DEC, 2021 USD EUR EX.RATE 1.137210 | | 3 |
| | | Derivative investments total | | | 35,747,378 |
| | Repurchase agreements | | | | |
| * | PIMCO | Agreement to repurchase W/Bnp Parib .05% From 12-31-2021 To 01-03-2022 | | 66,000,000 |
| * | PIMCO | Agreement to repurchase W/Bank Of N Var From 12-31-2021 To 01-03-2022 | | 70,000,000 |
| * | PIMCO | Agreement to repurchase W/Bofa Secu .05% From 12-31-2021 To 01-03-2022 | | 70,000,000 |
| * | PIMCO | Agreement to repurchase W/Goldman, .05% From 12-31-2021 To 01-03-2022 | | 70,000,000 |
| * | PIMCO | Agreement to repurchase W/Mizuho Se .05% From 12-31-2021 To 01-03-2022 | | 70,000,000 |
| * | PIMCO | Agreement to repurchase W/Natixis C .05% From 12-31-2021 To 01-03-2022 | | 70,000,000 |
| * | PIMCO | Agreement to repurchase W/Td Securi .05% From 12-31-2021 To 01-03-2022 | | 70,000,000 |
| | | Repurchase agreements total | | | 486,000,000 |
| | Collective Trust Fund | | | | |
| * | AQR | Aqr Emerging Equities Collective Investment Fund - Class D 30,554,708 Shares | | 376,062,310 |
| * | Blackrock | Blackrock Emerging Markets Index Nl Fund F 4,820,678 Shares | | | 134,817,016 |
| * | Blackrock | Blackrock Equity Non Lending Class F 2,8157,265 Shares | | | 2,324,097,870 |
| * | Blackrock | Blackrock Midcap Equity Index (S&P Midcap 400) Nl Cl F 8,711,413 Shares | | | 430,329,870 |
| * | Blackrock | Blackrock Msci Acwi Ex Us Imi Index Nl Und Cl F 17,990,809 Shares | | | 362,065,047 |
| * | Blackrock | Blackrock Russell 2000 Index Nl 8,439,378 Shares | | | 385,028,034 |
| * | Blackrock | Blackrock Us Debt Index Non Lendablefund F 10,632,273 Shares | | | 174,121,544 |
| * | Eaton Vance | Eaton Vance Trust Company/Eaton Vance Investment Committee-Directed Profit Sharing and Savings Plan Fund | 149,818,842 |
| * | Northern Trust | Coltv Short Term Invt Fd | | | 28,612,795 |
| * | PIMCO | Pimco Short Term Floating Nav Ii 112,392 Shares | | | 1,125,153 |
| * | State Street | Invt Fds Tx Exmp Ssga Target Ret 2020 Non-Len Ser Fd Cl A 4,724,466 Shares | | 151,712,049 |
| * | State Street | Invt Fds Tx Exmp Ssga Target Ret 2030 Non-Len Ser Fd Cl A 10,359,849 Shares | | 408,623,512 |
| * | State Street | Invt Fds Tx Exmp Ssga Target Ret 2040 Non-Len Ser Fd Cl A 8,600,453 Shares | | 364,323,785 |
| * | State Street | Invt Fds Tx Exmp Ssga Target Ret Inc Non-Len Ser Fd Cl A 8,640,079 Shares | | 195,948,349 |
| * | State Street | Ssga Global Reit 2,347,066 Shares | | | 63,999,788 |
| * | State Street | Ssga Retirement 2050 Nl Fund 8,192,067 Shares | | | 300,394,907 |
| * | State Street | Ssga Target Retirement 2025 Nl Fund 10,886,085 Shares | | | 342,770,157 |
| | | | | | |
| | | | | | (continued) |
MORGAN STANLEY 401(k) PLAN
Plan Number 003, Employer Identification Number 20-8764829
FORM 5500, SCHEDULE H, LINE 4i —
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AT DECEMBER 31, 2021
| | | | | | |
| | | | | | (e) |
| | (b) | (c) | (d) | | Current |
| (a) | Identity of Issuer | Description of Investment | Cost** | | Value |
| | Collective Trust Fund (continued) | | | | |
| * | State Street | Ssga Target Retirement 2035 Nl Fund 14,936,669 Shares | | | 522,126,212 |
| * | State Street | Ssga Target Retirement 2045 Nl Fund 9,694,791 Shares | | | 356,642,280 |
| * | State Street | Ssga Target Retirement 2055 Nl Fund 7,059,758 Shares | | | 203,666,946 |
| * | State Street | Ssga Target Retirement 2060 Nl Fund 5,458,705 Shares | | | 106,919,648 |
| * | State Street | Ssga Target Retirement 2065 1,866,379 Shares | | | 25,670,174 |
| * | State Street | Ssga Us Hi Yield Bd Index Nl Sf Cl A 1,995,482 Shares | | | 43,607,275 |
| * | Wellington | Wellington Opportunistic Emerging Markets Debt (Series 1) 5,114,798 Shares | | 54,830,636 |
| | | Collective Trust Fund total | | | 7,507,314,199 |
| | | | | | |
| | Participant-directed investments at fair value | | | | 18,692,348,026 |
| | | | | | |
| * | Various Participants | Participant Loans (secured by account, rates ranging from | | | 123,439,581 |
| | | 4.25% to 9.5% with maturity dates ranging from 2022 to 2051) | | | |
| | | | | | |
| * Party-in-interest |
| ** Cost information is not required for Participant-directed investments and therefore is not included. |
| See Report of Independent Registered Public Accounting Firm |
| | |
