Morgan Stanley Institutional Liquidity Treasury Securities Portfolio Institutional Class MSUXX

The investment seeks preservation of capital, daily liquidity and maximum current income. The fund has adopted a policy to invest exclusively in U.S. Treasury obligations, which are backed by the full faith and credit of the United States, and, accordingly, qualifies as a "government money market fund" under federal regulations. Under normal circumstances, at least 80% of the fund’s assets will be invested in U.S. Treasury obligations, which are backed by the full faith and credit of the United States.