0000356409
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000171230Member
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:bench20230407165Member
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:bench20230407166Member
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:bench20230407178Member
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:bench20230407174Member
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:bench20230515268Member
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:bench20250219480Member
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:bench20230407171Member
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:bench20230407188Member
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2025-01-01
2025-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000171230Member
2025-01-01
2025-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2021-01-01
2025-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000171230Member
2021-01-01
2025-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2016-01-01
2025-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
1982-02-17
2025-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000171230Member
2016-06-28
2025-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2016-12-31
2016-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2017-12-31
2017-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2018-12-31
2018-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2019-12-31
2019-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2020-12-31
2020-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2021-12-31
2021-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2022-12-31
2022-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2023-12-31
2023-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2024-12-31
2024-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
stanley:C000011343Member
2025-12-30
2025-12-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
oef:RiskLoseMoneyMember
2026-01-31
2026-01-31
0000356409
stanley:Dmsusgovernmentmoneymarkettrustbpspapril_17258Member
stanley:S000004054Member
oef:RiskNotInsuredDepositoryInstitutionMember
2026-01-31
2026-01-31
iso4217:USD
pure
2026-01-31
false
0000356409
MORGAN STANLEY U.S. GOVERNMENT MONEY MARKET TRUST
N-1A
485BPOS
0.0001
0.0045
0.0152
0.0192
0.0029
0.0001
0.0136
0.0483
0.0497
0.04
Investment Objective
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Morgan Stanley U.S. Government Money Market Trust (the “Fund”) is a money market fund that seeks to provide security of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">principal, high current income and liquidity.</span></div>
Fees and Expenses
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">The table below describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"><b>You may pay </b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"><b>fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial </b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"><b>intermediaries, which are not reflected in the tables and examples below.</b></span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">The Fund is a no-load fund. The Fund does not impose any sales charges and does not charge account or exchange fees. The </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Fund offers two classes of shares: the R Class and the S Class. Each class has the same fees and expenses.</span></div>
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
<div>
<table cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:0.25pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:70.86403992340277%"></td>
<td style="height:1px;width:13.891951488423372%"></td>
<td style="height:1px;width:14.472233505483663%"></td>
<td style="height:1px;width:0.7737093560803884%"></td>
</tr>
<tr>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"><b>R Class</b></span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"><b>S Class</b></span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">Advisory Fee</span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">0.15%</span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">0.15%</span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">Shareholder Servicing Fee</span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">0.10%</span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">0.10%</span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">Other Expenses</span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">0.11%</span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">0.11%</span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
<tr>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">Total Annual Fund Operating Expenses</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">0.36%</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">0.36%</span></div>
</td>
<td colspan="1" style="vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
</table></div>
0.0015
0.0015
0.001
0.001
0.0011
0.0011
0.0036
0.0036
Example
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">funds.</span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">The example below assumes that you invest $10,000 in the Fund, your investment has a 5% return each year and the Fund’s </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">costs would be:</span></div>
<div>
<table cellspacing="0" style="width:100%;cellspacing:0;margin-left:0;border-bottom:0.25pt solid #000000;margin-top:10px;">
<tr style="height:1px;">
<td style="height:1px;width:34.33401678981779%"></td>
<td style="height:1px;width:15.787844790901001%"></td>
<td style="height:1px;width:16.368138032419047%"></td>
<td style="height:1px;width:16.368138032419047%"></td>
<td style="height:1px;width:16.368138032419047%"></td>
<td style="height:1px;width:0.7737243220240628%"></td>
</tr>
<tr>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"> </div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"><b>1 Year</b></span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"><b>3 Years</b></span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"><b>5 Years</b></span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"><b>10 Years</b></span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
<tr>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">R Class</span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">$37 </span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">$116 </span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">$202 </span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">$456 </span></div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
<tr>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">S Class</span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">$37 </span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">$116 </span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">$202 </span></div>
</td>
<td colspan="1" style="vertical-align:bottom">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">$456 </span></div>
</td>
<td colspan="1" style="vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:right;text-align:right;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"></div>
</td>
</tr>
</table></div>
37
116
202
456
37
116
202
456
Principal Investment Strategies
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">The Fund has adopted a policy to invest exclusively in obligations issued or guaranteed by the</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> U.S. Government and its </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">agencies and instrumentalities and in repurchase agreements collateralized by such securities, and, accordingly, qualifies as a </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">“government money market fund” under federal regulations. The Fund may also hold cash from time to time. A “government </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">money market fund” is a money market fund that invests at least 99.5% of its total assets in cash, securities issued or </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">guaranteed by the United States or certain U.S. government agencies or instrumentalities and/or repurchase agreements that </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">are collateralized fully by the foregoing. A “government money market fund” is exempt from requirements that permit and, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">under certain circumstances, require money market funds to impose a “liquidity fee” on redemptions. In selecting investments, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Morgan Stanley Investment Management Inc. (the “Adviser”) seeks to maintain the Fund’s share price at $1.00. The share price </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">remaining stable at $1.00 means that the Fund would preserve the principal value of your investment.</span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">The U.S. government securities that the Fund may purchase include U.S. Treasury bills, notes and bonds, all of which are direct </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">obligations of the U.S. Government. In addition, the Fund may purchase securities issued by agencies or instrumentalities of the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">U.S. Government which are backed by the full faith and credit of the United States. Among the agencies or instrumentalities </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">issuing these obligations are the Government National Mortgage Association (“Ginnie Mae”) and the Federal Housing </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Administration. The Fund may also purchase securities issued by agencies or instrumentalities which are not backed by the full </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">faith and credit of the United States, but whose issuing agency or instrumentality has the right to borrow, to meet its </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">obligations, from the U.S. Treasury. Among these agencies or instrumentalities are the Federal National Mortgage Association </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">(“Fannie Mae”), the Federal Home Loan Mortgage Corporation (“Freddie Mac”) and the Federal Home Loan Banks. Further, the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Fund may purchase securities issued by agencies or instrumentalities which are backed solely by the credit of the issuing </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">agency or instrumentality. Among these agencies or instrumentalities is the Federal Farm Credit System. The Fund may also </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">invest in repurchase agreements.</span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">In addition, the Fund has adopted a policy that provides, under normal circumstances, that at least 80% of the Fund’s assets </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">will be invested in obligations issued or guaranteed by the</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> U.S. Government and its agencies and instrumentalities and in </span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">repurchase agreements collateralized by such securities. This policy may be changed without shareholder approval; however, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">shareholders would be notified upon 60 days’ notice in writing of any changes.</span></div><div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">As a “government money market fund,” the Fund may value its securities using the amortized cost method as permitted by </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Rule 2a-7 under the Investment Company Act of 1940, as amended (“Rule 2a-7” under the “1940 Act”), to seek to maintain a </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">stable net asset value per share of $1.00. The Fund’s investments are subject to the quality, diversification, maturity, liquidity </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">and other requirements of Rule 2a-7.</span></div>
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">You could lose money by investing in the Fund.</span>
<span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">An investment in the Fund is not a bank account and is not insured or guaranteed by the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Federal Deposit Insurance Corporation (“FDIC”) or any other government agency.</span>
<div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;">
<div style="font-size:12pt;font-family:Arial, Helvetica, sans-serif;">●</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:3pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"><b>Credit and Interest Rate Risk.</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> Credit risk refers to the possibility that the issuer or guarantor of a security, or counterparty </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">to a transaction, will be unable or unwilling or perceived to be unable or unwilling to make interest payments and/or repay </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">the principal on its debt or otherwise honor its obligations, including the risk of default. In such instances, the value of the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Fund could decline and the Fund could lose money. If an issuer’s, guarantor’s or counterparty’s financial condition worsens, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">the credit quality of the issuer, guarantor or counterparty may deteriorate. Credit ratings may not be an accurate </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">assessment of financial condition, liquidity or credit risk. Although credit ratings may not accurately reflect the true credit </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">risk of an instrument, a change in the credit rating of an instrument or an issuer, guarantor or counterparty, or the market’s </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">perception of the creditworthiness of an instrument or issuer, guarantor or counterparty can have a rapid, adverse effect on </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">the instrument’s value and liquidity and make it more difficult for the Fund to sell at an advantageous price or time. Interest </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">rate risk refers to the decline in the value of a fixed-income security resulting from changes in the general level of interest </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">rates. A wide variety of market and economic factors can cause interest rates to rise or fall, including central bank monetary </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">policy, rising inflation, disinflation or deflation, and changes in general economic conditions. When the general level of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">down, the prices of most fixed-income securities go up but the yield or income from new issuances of fixed-income </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">securities generally decreases. Securities with longer durations will generally be more sensitive to changes in interest rates </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">than securities with shorter durations. Fluctuations in interest rates may also affect the liquidity of and income generated by </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">fixed-income instruments held by the Fund. The Fund may face a heightened level of interest rate risk in times of monetary </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">policy change and/or uncertainty, such as when the Federal Reserve Board adjusts a quantitative easing program and/or </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">changes rates. Changing interest rates may have unpredictable effects on the markets and may detract from Fund </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">performance. A changing interest rate environment increases certain risks, including the potential for periods of market </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">volatility and increased redemptions. </span></div>
</td>
</tr>
</table></div>
<div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;">
<div style="font-size:12pt;font-family:Arial, Helvetica, sans-serif;">●</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:3pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"><b>Fixed-Income Securities.</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> Fixed-income securities are subject to the risk of the issuer’s inability to meet principal and </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">interest payments on its obligations (i.e., credit risk) and are subject to price volatility resulting from, among other things, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">interest rate sensitivity (i.e., interest rate risk), market perception of the creditworthiness of the issuer and general market </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">liquidity (i.e., market risk). Securities with longer durations are likely to be more sensitive to changes in interest rates, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">generally making them more volatile than securities with shorter durations. The Fund may be subject to certain liquidity risks </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">that may result from the lack of an active market and the reduced number and capacity of traditional market participants to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">make a market in fixed-income securities.</span></div>
</td>
</tr>
</table></div>
<div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;">
<div style="font-size:12pt;font-family:Arial, Helvetica, sans-serif;">●</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:3pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"><b>U.S. Government Securities.</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> Different types of U.S. government securities are subject to different levels of credit risk, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">including the risk of default, depending on the nature of the particular government support for that security. For example, a </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">U.S. government-sponsored entity, such as Federal National Mortgage Association or Federal Home Loan Mortgage </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Corporation, although chartered or sponsored by an Act of Congress, may issue securities that are neither insured nor </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">guaranteed by the U.S. Treasury and, therefore, are not backed by the full faith and credit of the United States. With respect </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">to U.S. government securities that are not backed by the full faith and credit of the United States, there is the risk that the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">U.S. government will not provide financial support to such U.S. government agencies, instrumentalities or sponsored </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">enterprises if it is not obligated to do so by law. U.S. government securities are also subject to interest rate risks and can </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">exhibit price fluctuations resulting from increases or decreases in interest rates.</span></div>
</td>
</tr>
</table></div>
<div>
<table cellspacing="0" style="padding-top:1pt;padding-right:2%;padding-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;">
<div style="font-size:12pt;font-family:Arial, Helvetica, sans-serif;">●</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:3pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"><b>Market and Geopolitical Risk.</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> The value of your investment in the Fund is based on the values of the Fund’s investments, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">which change due to economic, geopolitical and other events that affect the U.S. and global markets generally, as well as </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">those that affect or are perceived or expected to affect particular regions, countries, industries, companies, issuers, sectors, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">asset classes or governments. These types of events may be sudden and unexpected, and could adversely affect the value </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">(or income generated by) and liquidity of the Fund’s investments, which may in turn impact the Fund’s ability to sell </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">securities and/or its ability to meet redemptions. The risks associated with these developments may be magnified if certain </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">social, political, economic and other conditions and events (such as war, natural disasters or events, epidemics and </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">pandemics, terrorism, conflicts, social unrest, recessions, inflation, interest rate changes, supply chain disruptions and the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">threat or actual imposition of tariffs, trade barriers and other protectionist or retaliatory measures) adversely interrupt or </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">otherwise affect the global economy and financial markets. It is difficult to predict when events affecting the U.S. or global </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">financial markets or economies may occur, the effects that such events may have and the duration of those effects (which </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">may last for extended periods). These types of events may negatively impact broad segments of businesses and </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">populations and have a significant and rapid negative impact on the performance or value of the Fund’s investments, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">adversely affect the Fund’s ability to maintain a stable $1.00 share price and exacerbate pre-existing risks to the Fund. The </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">frequency and magnitude of resulting changes in the value of the Fund’s investments cannot be predicted.</span></div>
</td>
</tr>
</table></div>
<div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;">
<div style="font-size:12pt;font-family:Arial, Helvetica, sans-serif;">●</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:3pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"><b>Repurchase Agreements.</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> Repurchase agreements are subject to risks associated with the possibility of default by the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">seller at a time when the collateral has declined in value, or insolvency of the seller, which may affect the Fund’s right to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">control the collateral and result in certain costs and delays. Repurchase agreements may involve a greater degree of credit </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">risk than investments in U.S. government securities.</span></div>
</td>
</tr>
</table></div>
<div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;">
<div style="font-size:12pt;font-family:Arial, Helvetica, sans-serif;">●</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:3pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"><b>Large Transactions Risk.</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> The Fund may experience adverse effects when certain large shareholders, or a number of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">shareholders collectively, purchase or redeem large amounts of shares of the Fund, which may occur rapidly or </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">unexpectedly. Such larger than normal shareholder redemptions may affect the Fund’s ability to maintain a stable $1.00 </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">share price and negatively impact the Fund’s liquidity. In some circumstances, the Fund may hold a relatively large </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">proportion of its assets in cash in anticipation of large redemptions. These large redemptions may also force the Fund to sell </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">portfolio securities or other assets when it might not otherwise do so, which may affect the Fund’s ability to maintain a </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">stable $1.00 share price and increase the Fund’s transaction costs. In addition, large purchases of Fund shares may </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash and is required to </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">maintain a larger cash position than it ordinarily would.</span></div>
</td>
</tr>
</table></div>
<div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;">
<div style="font-size:12pt;font-family:Arial, Helvetica, sans-serif;">●</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:3pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"><b>Stable NAV Risk.</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> The Fund may not be able to maintain a stable $1.00 share price at all times. If the Fund or another money </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">market fund fails to maintain a stable NAV (or if there is a perceived threat of the inability to maintain a stable NAV), the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Fund could be subject to increased redemptions, which may adversely impact the Fund’s ability to maintain a stable $1.00 </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">share price.</span></div>
</td>
</tr>
</table></div>
<div>
<table cellspacing="0" style="padding-top:1pt;margin-left:0%;" width="100%">
<tr>
<td style="color:#000000;padding-top:0pt;width:2%;padding-bottom:0pt;padding-left:0pt;text-align:left;vertical-align:top;size:3;">
<div style="font-size:12pt;font-family:Arial, Helvetica, sans-serif;">●</div>
</td>
<td style="vertical-align:top;padding-bottom:0pt;padding-top:3pt;width:98%;padding-left:2pt;align:left;vertical-align:top;text-align:left;">
<div style="font-size:10pt;font-family:Arial, Helvetica, sans-serif;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"><b>Active Management Risk.</b></span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> In pursuing the Fund’s investment objective, the Adviser has considerable leeway in deciding </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">which investments to buy, hold or sell on a day-to-day basis, and which trading strategies to use. For example, the Adviser, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">in its discretion, may determine to use some permitted trading strategies while not using others. The success or failure of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">such decisions will affect the Fund’s performance.</span></div>
</td>
</tr>
</table></div>
Past Performance
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">performance of the </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">Fund’s R Class shares </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">from year-to-year and by showing the Fund’s average annual returns for the past </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">one, five and 10 year periods and since inception. </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">The Fund’s past performance is not necessarily an indication of how the Fund </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">will perform in the future.</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> Updated performance information is available online at </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">www.morganstanley.com/im</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> or by calling </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">toll-free </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">1-800-869-6397</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">.</span></div>
The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s R Class shares from year-to-year and by showing the Fund’s average annual returns for the past one, five and 10 year periods and since inception.
The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.
www.morganstanley.com/im
1-800-869-6397
Annual Total Returns—Calendar Years
<div><img alt="image" src="pr17258img003.jpg"/></div>
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">The year-to-date total return as of </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">March 31, </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">2026</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">was</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;"> </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">0.84</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">%.</span></div><div>
<table cellspacing="0" style="width:100%;cellspacing:0;padding-bottom:2pt;padding-top:0pt;margin-left:0pt;">
<tr style="height:1px;">
<td style="height:1px;width:33.14119922630561%"></td>
<td style="height:1px;width:33.71953578336557%"></td>
<td style="height:1px;width:33.13926499032882%"></td>
</tr>
<tr>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"><b>High Quarter</b></span>
</div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">12/31/23</span>
</div>
</td>
<td colspan="1" style="border-bottom:0.75pt solid #000000;vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">1.28%</span></div>
</td>
</tr>
<tr>
<td colspan="1" style="vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;"><b>Low Quarter</b></span>
</div>
</td>
<td colspan="1" style="vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;;">03/31/22</span>
</div>
</td>
<td colspan="1" style="vertical-align:top">
<div style="background-color:#FFFFFF;padding-left:2pt;padding-top:1pt;padding-bottom:0;align:left;text-align:left;padding-right:2pt;font-family:Arial, Helvetica, sans-serif;font-size:10pt;margin-top:0pt;margin-bottom:0;"><span style="font-family:Arial, Helvetica, sans-serif;font-size:8.02pt;">0.00%</span></div>
</td>
</tr>
</table></div>
The year-to-date total return as of March 31, 2026 was 0.84%.
2026-03-31
0.0084
High Quarter
2023-12-31
0.0128
Low Quarter
2022-03-31
0
Average Annual Total Returns (for the calendar periods ended December 31, 2025)
0.04
0.0301
0.0192
0.04
0.0302
<div><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">For the Fund’s most recent 7-day annualized yield, you may call toll-free </span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">1-800-869-6397</span><span style="clear:both;font-family:Arial, Helvetica, sans-serif;font-size:9.02pt;;">.</span></div>
For the Fund’s most recent 7-day annualized yield, you may call toll-free 1-800-869-6397.
1-800-869-6397
*R Class commenced operations on February 17, 1982 and S Class commenced operations on June 28, 2016.