Morgan Stanley Institutional Liquidity Tax-Exempt Portfolio Select Class

TSXXX

Tax-ExemptRetail
7-day Yield
#463
1.47%
as of 8/31/2026
Net assets
$50K
Expense ratio
1.00%
WAM
18
WAL
18
Minimum
$1M
Holding details
74% Variable Rate Demand Notes
23% Municipal Bonds
3% Other Money Market Funds
as of 8/31/2026

Performance

Portfolio Securities

SecurityYield%
Utah Water Finance Agency Program Revenue Bonds B-1 (UT) 2.350000%2.35%2.62%
Indiana Municipal Power Agency Variable Rate Demand Power Supply System Refunding Revenue Bonds, 2019 Series B (IN) 3.000000%3.00%2.56%
City of San Antonio, Texas Water System Subordinate Lien Revenue Refunding Bonds, Series 2024A (TX) 3.050000%3.05%2.56%
Gulf Coast Industrial Development Authority Revenue Bonds (Exxonmobil Project) Series 2012 (TX) 3.000000%3.00%2.41%
Mississippi Business Finance Corporation Gulf Opportunity Zone Industrial Development Revenue Bonds (Chevron U.S.A, Inc. Project) Series 2007 C (MS) 3.000000%3.00%1.71%
Indiana Finance Authority Environmental Refunding Revenue Bonds, Duke Energy Indiana, Inc., Indiana Finance Authority Environmental Refunding Revenue Bonds Series 2009A-5 (Duke Energy Indiana, Inc. Project) (IN) 3.000000%3.00%1.71%
Industrial Development Board of the Parish of East Baton Rouge, Louisiana, Inc., Revenue Bonds, Exxonmobile Project, Series 2010B, Gulf Opportunity Zone Bonds (LA) 3.000000%3.00%1.71%
State of Louisiana Gasoline and Fuels Tax Second Lien Revenue Refunding Bonds 2023 Series A-1 (LA) 2.900000%2.90%1.71%
RBC Municipal Products Trust Inc, Various States Certificates C-25 2.330000%2.33%1.71%
Orlando Utilities Commission Utility System Revenue Refunding Bonds Series 2015-B (FL) 3.050000%3.05%1.71%
Utah Water Finance Agency Program Revenue Bonds Series B-2 (UT) 2.350000%2.35%1.66%
City of Colorado Springs, Colorado Variable Rate Demand Utilities System Refunding Revenue Bonds, Series 2009C (CO) 2.240000%2.24%1.61%
Indiana Finance Authority Duke Energy Indiana, Inc. Series 2009A-4 (IN) 3.000000%3.00%1.61%
Tender Option Bond Trust Reciepts/Certificates Various States Certificates 2023-BAML 6005 2.430000%2.43%1.57%
RBC Municipal Products Trust Inc, Various States Certificates Series E 155 2.320000%2.32%1.54%
JP Morgan Chase Putters/Drivers Trust Various States Certificates 5077 (NA) 2.310000%2.31%1.54%
City of Colorado Springs, Colorado Utilities System Improvement Revenue Bonds, Series 2012A (CO) 2.150000%2.15%1.54%
Hennepin County General Obligation Bonds, Series 2017B (MN) 2.360000%2.36%1.54%
Hampton Roads Sanitation District, Virginia Subordinate Wastewater Revenue Bonds, Series 2016B (VA) 2.250000%2.25%1.54%
City of Jacksonville, Florida Pollution Control Revenue Refunding Bonds (Florida Power & Light Company Project) Series 1995 (FL) 2.400000%2.40%1.45%
JP Morgan Chase Putters/Drivers Trust Various States Certificates 5117 (NA) 2.330000%2.33%1.45%
City of Colorado Springs, Colorado Variable Rate Demand Utilities System Subordinate Lien, Series 2006B (CO) 2.250000%2.25%1.37%
New York State Energy Research & Development Authority, New York State Energy Research and Development Authority Facilities Revenue Bonds, Series 2005A Consolidated Edison Company of New York Inc Project (NY) 2.050000%2.05%1.28%
New York State Energy Research & Development Authority Facilities Revenue Bonds, Series 2005A (NY) 2.250000%2.25%1.27%
New York State Energy Research & Development Authority (Consolidated Edison Co. of New York, Inc. Project) Facilities Revenue Bonds Series 2005A, (NY) 2.300000%2.30%1.20%
JP Morgan Chase Putters/Drivers Trust Various States Certificates 5093 (NA) 2.310000%2.31%1.20%
Tender Option Bond Trust Reciepts/Certificates Various States Certificates 2023-BAML5063 2.480000%2.48%1.20%
Miami-Dade County Industrial Development Authority Revenue Refunding Bonds (Florida Power & Light Company Project) Series 2021 (FL) 2.350000%2.35%1.11%
State of Texas, Veterans Bonds, State of Texas Veterans Bonds, Series 2022 (TX) 2.350000%2.35%0.95%
Triborough Bridge and Tunnel Authority (MTA Bridges and Tunnels) General Revenue Variable Rate Refunding Bonds, Subseries 2005B-2 (NY) 2.340000%2.34%0.92%
State of Texas, Veterans Bonds, State of Texas Veterans Bonds, Series 2025B (TX) 2.450000%2.45%0.90%
RBC Municipal Products Trust Inc, Various States Certificates Series E 159 2.310000%2.31%0.85%
RBC Municipal Products Trust Inc, Various States Certificates Series E 165 2.310000%2.31%0.85%
JP Morgan Chase Putters/Drivers Trust Various States Certificates 5065 (NA) 2.310000%2.31%0.85%
Columbus Ohio Sewer Revenue System Variable Rate Bonds 2008B (OH) 2.250000%2.25%0.85%
Long Island Power Authority Electric System General Revenue Bonds, Series 2023D (NY) 2.150000%2.15%0.85%
RBC Municipal Products Trust Inc, Various States Certificates Series G-130 2.310000%2.31%0.85%
RBC Municipal Products Trust Inc, Various States Certificates, RBC Municipal Products, Inc. Trust Various States Certificates Series G-158 2.310000%2.31%0.85%
Texas Transportation Commission, Mobility Fund, Texas Transportation Commission Mobility Fund, Series 2006-B (TX) 2.270000%2.27%0.85%
Loudoun County Individual Development Authority Revenue BDS Howard Hughes Medical Institute 2003 D (VA) 2.250000%2.25%0.85%
Pennsylvania Turnpike Commission Variable Rate Turnpike Revenue Bonds Second Series 2019 (PA) 2.280000%2.28%0.85%
Escambia County, Florida Solid Waste Disposal Revenue Bonds (Gulf Power Company Project) First Series 2009 (FL) 2.400000%2.40%0.85%
Escambia County, Florida Solid Waste Disposal Revenue Bonds (Gulf Power Company Project) First Series 2009 (FL) 2.450000%2.45%0.85%
New York City Transitional Finance Authority Future Tax Secured Subordinate Bonds Fiscal 2023 Series A (NY) 2.250000%2.25%0.85%
Orlando Utilities Commission Utility System Revenue Refunding Bonds Series 2015-B (FL) 2.270000%2.27%0.85%
Indiana Finance Authority Environmental Refunding Revenue Bonds, Duke Energy Indiana, Inc., Indiana Finance Authority Environmental Refunding Revenue Bonds, Series 2009A-3, Duke Energy Indiana, Inc. Project (IN) 2.350000%2.35%0.85%
County of Clark, NV Airport System Subordinate Lien Revenue Bonds Series 2008D-2B (NV) 2.300000%2.30%0.85%
Long Island Power Authority Electric System General Revenue Bonds, Series 2026A (NY) 2.350000%2.35%0.85%
Ohio State University Variable Rate Demand General Receipts Bonds (Multiyear Debt Insuarance Program II) Series 2023 A (OH) 2.150000%2.15%0.85%
City Municipal Water Finance Authority Water and Sewer System Second General Resolution Revenue Bonds, Adjustable Rate Series 1012 AA (NY) 2.150000%2.15%0.85%
Wisconsin Housing and Economic Development Authority Home Ownership Revenue Bonds, 2025 Series C (WI) 2.300000%2.30%0.85%
Utah County, Utah Variable Rate Hospital Revenue Bonds, Series 2016C (IHC Health Care Services, Inc.) (UT) 2.300000%2.30%0.85%
The City of Seattle Washington Municipal Light and Power Improvement and Refunding Revenue Bonds (WA) 2.950000%2.95%0.85%
National Finance Authority Health Care Facilities Revenue Bonds Novant Health Obligated Group 2024 C (NH) 2.320000%2.32%0.85%
Metropolitan Sewerage District of Buncombe County, North Carolina Sewerage System Revenue Refunding Bonds Series 2008A (NC) 2.230000%2.23%0.83%
JP Morgan Chase Putters/Drivers Trust Various States Certificates 5076 (NA) 2.310000%2.31%0.82%
RBC Municipal Products Trust Inc, Various States Certificates Series G-150 2.310000%2.31%0.81%
Missouri State Health & Educational Facilities Authority Health Facilities, BJC Health System Series C (MO) 2.280000%2.28%0.80%
RBC Municipal Products Trust Inc, Various States Certificates Series G-151 2.310000%2.31%0.75%
RBC Municipal Products Trust Inc, Various States Certificates G-168 2.310000%2.31%0.65%
Tender Option Bond Trust Reciepts/Certificates Various States Certificates 2023-BAML 6007 2.430000%2.43%0.32%
Ohio Water Development Authority, State of Ohio Water Pollution Control Loan Fund Revenue Bonds Series 2024C (OH) 2.900000%2.90%0.29%
Bergen County Improvement Authority County Guaranteed Governmental Pooled Project Notes, Series 2026A (NJ) 4.000000%2.69%1.73%
Long Island Power Authority Electric System General Revenue Bonds, Long Island Power Authority Electric System General Revenue IAM, Series 2015 GR-6B (NY) 2.250000%2.25%1.20%
Metropolitan Government of Nashville and Davidson County Water and Sewer Revenue 2022 A (TN) 2.480000%2.48%1.20%
The Bergen County Improvement Authority County Guaranteed Governmental Pooled Project Notes, Series 2025A (NJ) 4.000000%2.67%0.86%
Montgomery County Maryland IAM Series 2010 B (MD) 2.230000%2.23%0.85%
Long Island Power Authority Electric System General Revenue Bonds, Series 2015 GR-6B (NY) 2.380000%2.38%0.85%
Dallas Fort Worth International Airport IAM Series I (TX) 2.400000%2.40%0.85%
Houston Utility System Revenue IAM Series B-1 (TX) 2.720000%2.72%0.85%
Pennsylvania Higher Educational Facilities Authority Revenue 2024 (PA) 2.680000%2.68%0.85%
Denver Colorado City and County Board of Water Commissioners IAM Series 2023 A (CO) 2.620000%2.62%0.85%
Lower Colorado River Authority Revenue IAM Series B (TX) 2.650000%2.65%0.85%
Illinois Finance Authority Revenue IAM (IL) 2.700000%2.70%0.85%
Illinois Finance Authority Revenue IAM (IL) 2.700000%2.70%0.85%
Louisville and Jefferson County Metropolitan Sewer District, Sewer and Drainage System Revenue 2023 A1 (KY) 2.630000%2.63%0.85%
Omaha Public Power District, Electric Revenue IAM Series A (NE) 2.640000%2.64%0.85%
New York State Dormitory Authority Revenue Cornell University (NY) 2.610000%2.61%0.85%
Metropolitan Government Nashville & Davidson County Tennessee Series 2024 IAM (TN) 2.670000%2.67%0.85%
San Antonio Texas Electric & Gas Revenue Series F IAM (TX) 2.699000%2.70%0.85%
State of Ohio Major New State Infrastructure Project Revenue and Refunding Bonds, Series 2026-1 (OH) 5.000000%2.50%0.77%
Denver Colorado City and County Board of Water Commissioners IAM Series 2023 A (CO) 2.300000%2.30%0.68%
Metropolitan Atlanta Rapid Transit Authority Series 2021B (GA) 2.400000%2.40%0.68%
Charlotte Water and Sewer System Revenue IAM Series 2026 (NC) 2.700000%2.70%0.62%
Houston Independent School District, Limited Tax Refunding Bonds Series 2026 (TX) 5.000000%2.51%0.61%
City of Richmond Public Utility Revenue and Refunding Bonds Series 2026B (VA) 5.000000%2.47%0.51%
Miami-Dade County, Florida Water and Sewer System Revenue Refunding Bonds, Series 2025B (FL) 5.000000%2.53%0.43%
City of Atlanta Water and Wastewater Subordinate Lien Revenue and Revenue Refunding Bonds, Series 2026 (GA) 5.000000%2.44%0.30%
City of Austin, Texas Certificates of Obligation, Series 2021 (TX) 5.000000%5.00%0.23%
The City of Lincoln, Nebraska Lincoln Electric System Revenue Bonds Series 2020A (NE) 5.000000%5.00%0.23%
Texas Transportation Commission State of Texas General Obligation Mobility Fund Refunding Bonds, Texas Transportation Commission State of Texas General Obligtation Mobility Fund, Refunding Bonds, Series 2025 (TX) 5.000000%2.51%0.17%
New York State Environmental Facilities Corporation State Revolving Funds Revenue Bonds (2010 Master Financing Program) Series 2026 C (NY) 5.000000%2.40%0.17%
City of Austin Refunding and Public Improvement Bonds, Series 2025 (TX) 5.000000%5.00%0.13%
Texas Transportation Commission State of Texas General Obligation Mobility Fund Refunding Bonds, Texas Transportation Commission, State of Texas General Obligation Mobility Fund, Refunding Bonds, Series 2024 (TX) 5.000000%2.51%0.08%
City of Austin Refunding and Public Improvement Bonds, Series 2025 (TX) 5.000000%5.00%0.02%
Nuveen AMT-Free Municipal Credit Income Fund, Series 1 (OT) 2.350000%2.35%1.71%
Nuveen AMT-Free Municipal Income Fund VRDP - NEA 1 (MA) 2.360000%2.36%1.71%