Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments
(Showing Percentage of Total Value of Investments)
 
 
Face
Amount
(000)
 
Value
(000)
Fixed Income Securities (84.4%)
Albania (2.2%)
 
 
Sovereign (2.2%)
 
 
Albanian Government Bond,
 
 
3.70%, 1/10/28
ALL
      1,800
$22
3.85%, 10/7/26
 
      8,900
110
3.90%, 1/22/30
 
     75,900
940
4.05%, 2/7/32
 
     43,200
524
4.30%, 7/10/27
 
    114,500
1,423
4.70%, 2/23/27
 
     37,000
460
4.95%, 7/22/29
 
    132,400
1,693
5.25%, 1/26/29 - 1/23/35 
 
    254,100
3,253
5.59%, 2/19/40
 
      6,100
75
6.13%, 7/25/34
 
     17,100
226
 
 
 
8,726
Angola (0.1%)
 
 
Sovereign (0.1%)
 
 
Angolan Government International
Bond,
 
 
9.24%, 1/15/31
$
        209
219
Armenia (4.3%)
 
 
Sovereign (4.3%)
 
 
Republic of Armenia Treasury Bond,
 
 
7.40%, 4/29/29
AMD
    541,680
1,481
8.60%, 4/29/30
 
    408,526
1,155
9.00%, 10/29/35
 
    795,693
2,287
9.25%, 4/29/28
 
    786,700
2,220
9.60%, 10/29/33
 
  2,652,886
7,876
9.75%, 10/29/50 - 10/29/52 
 
    757,312
2,239
 
 
 
17,258
Barbados (0.3%)
 
 
Sovereign (0.3%)
 
 
Barbados Government International
Bond,
 
 
8.00%, 6/26/35
$
        926
983
Brazil (1.8%)
 
 
Sovereign (1.8%)
 
 
Brazil Notas do Tesouro Nacional,
 
 
6.00%, 5/15/35
BRL
      8,913
7,374
 
Face
Amount
(000)
 
Value
(000)
Colombia (10.2%)
 
 
Corporate Bond (0.4%)
 
 
Fideicomiso PA Costera,
 
 
6.25%, 1/15/34 (a)
COP
  5,351,594
$1,561
Sovereign (9.8%)
 
 
Colombian TES,
 
 
3.00%, 3/25/33
 
  1,125,917
295
5.00%, 3/20/41
 
  2,354,304
663
6.50%, 1/22/31
 
  6,955,027
2,225
7.00%, 3/26/31
 
  8,467,300
2,198
7.25%, 10/18/34
 
    247,000
59
11.75%, 1/24/35
 
 73,005,400
22,624
12.50%, 2/27/30
 
 15,996,600
5,056
13.25%, 2/9/33
 
 18,166,900
6,013
Colombian TES, Series B
 
 
7.00%, 6/30/32
 
    535,000
134
 
 
 
39,267
 
 
 
40,828
Congo, Democratic Republic Of The (0.2%)
 
 
Sovereign (0.2%)
 
 
DRC International Bond,
 
 
9.50%, 4/16/37
$
        631
660
Dominican Republic (0.2%)
 
 
Sovereign (0.2%)
 
 
Dominican Republic International
Bond,
 
 
11.25%, 9/15/35
DOP
     49,350
955
Egypt (2.6%)
 
 
Sovereign (2.6%)
 
 
Egypt Government Bond,
 
 
19.98%, 5/20/30
EGP
    505,088
9,372
24.46%, 10/1/27
 
     49,086
942
 
 
 
10,314
Ethiopia (1.3%)
 
 
Sovereign (1.3%)
 
 
Ethiopia International Bond,
 
 
6.63%, 12/11/24 (a)
$
        290
314
6.63%, 12/11/24
 
      4,412
4,772
 
 
 
5,086

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
 
Face
Amount
(000)
 
Value
(000)
Gabon (0.1%)
 
 
Sovereign (0.1%)
 
 
Gabon Government International
Bond,
 
 
9.38%, 8/5/33 (b)
$
        377
$347
Ghana (0.1%)
 
 
Sovereign (0.1%)
 
 
5.00% Cash, 3.50% PIK
 
 
8.50%, 2/15/28 (c)
GHS
      1,017
83
5.00% Cash, 3.65% PIK
 
 
8.65%, 2/13/29 (c)
 
      3,842
307
5.00% Cash, 4.10% PIK
 
 
9.10%, 2/10/32 (c)
 
      1,503
104
 
 
 
494
Guatemala (0.1%)
 
 
Sovereign (0.1%)
 
 
Guatemala Government Bond,
 
 
6.60%, 6/13/36
$
        283
294
Hungary (2.6%)
 
 
Sovereign (2.6%)
 
 
Hungary Government Bond,
 
 
3.00%, 10/27/38 - 4/25/41 
HUF
  3,723,210
9,042
4.00%, 4/28/51
 
     80,770
199
7.00%, 10/24/35
 
    396,980
1,383
 
 
 
10,624
India (0.9%)
 
 
Sovereign (0.9%)
 
 
India Government Bond,
 
 
7.24%, 8/18/55
INR
    261,790
2,688
7.30%, 6/19/53
 
    101,620
1,047
 
 
 
3,735
Indonesia (3.7%)
 
 
Sovereign (3.7%)
 
 
Indonesia Treasury Bond,
 
 
6.38%, 4/15/32
IDR
  6,661,000
352
6.50%, 4/15/36
 
131,947,000
6,928
7.00%, 9/15/30 - 2/15/33 
 
 77,374,000
4,245
8.75%, 5/15/31
 
 58,978,000
3,467
 
 
 
14,992
 
Face
Amount
(000)
 
Value
(000)
Kazakhstan (6.0%)
 
 
Sovereign (6.0%)
 
 
Development Bank of Kazakhstan
JSC,
 
 
13.00%, 4/15/27 (a)
KZT
  1,922,000
$3,959
Kazakhstan Government Bond -
MEOKAM,
 
 
14.94%, 6/18/31
 
    324,519
700
16.95%, 10/9/30
 
    811,122
1,843
Kazakhstan Government Bond -
MEUKAM,
 
 
5.00%, 4/18/28
 
    230,760
414
5.50%, 9/20/28
 
    209,238
365
7.90%, 12/20/38
 
    129,807
179
8.66%, 4/4/33
 
    921,667
1,496
10.55%, 7/28/29
 
    540,706
1,029
10.69%, 8/23/33
 
    133,290
237
11.05%, 1/28/37
 
     45,014
80
14.00%, 5/12/31 - 2/13/35 
 
  2,367,070
4,890
14.10%, 5/22/38
 
  1,743,687
3,696
14.45%, 6/5/33
 
     15,935
34
14.60%, 3/6/32
 
     11,275
24
15.10%, 3/12/34
 
    867,098
1,919
15.18%, 2/5/32
 
  1,497,500
3,262
 
 
 
24,127
Lebanon (0.7%)
 
 
Sovereign (0.7%)
 
 
Lebanon Government International
Bond,
 
 
5.80%, 4/14/20 (d)(e)
$
        812
218
6.00%, 1/27/23 (d)(e)
 
        707
190
6.10%, 10/4/22 (d)(e)
 
      1,447
388
6.15%, 6/19/20 (d)(e)
 
        129
35
6.20%, 2/26/25 (d)(e)
 
        241
65
6.25%, 5/27/22 - 6/12/25 (d)(e)
 
        834
224
6.38%, 3/9/20 (d)(e)
 
        637
171
6.40%, 5/26/23 (d)(e)
 
      2,275
612
6.60%, 11/27/26 (d)(e)
 
        192
52
6.65%, 4/22/24 - 2/26/30 (d)(e)
 
        555
151
6.75%, 11/29/27 (d)(e)
 
        117
32
6.85%, 3/23/27 - 5/25/29 (d)(e)
 
        621
171
7.00%, 12/3/24 - 3/23/32 (d)(e)
 
        888
243

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
 
Face
Amount
(000)
 
Value
(000)
Sovereign (cont’d)
 
 
7.05%, 11/2/35 (d)(e)
$
         13
$4
7.25%, 3/23/37 (d)(e)
 
        279
79
8.20%, 5/17/33 (d)(e)
 
         70
20
8.25%, 4/12/21 (d)(e)
 
        531
153
 
 
 
2,808
Malaysia (0.9%)
 
 
Sovereign (0.9%)
 
 
Malaysia Government Bond,
 
 
3.76%, 5/22/40
MYR
     11,420
2,737
4.70%, 10/15/42
 
      3,900
1,038
 
 
 
3,775
Mexico (8.5%)
 
 
Sovereign (8.5%)
 
 
Mexican Bonos,
 
 
7.75%, 5/29/31 - 11/23/34 
MXN
    154,520
8,389
8.00%, 2/21/36 - 7/31/53 
 
    346,892
17,721
8.50%, 3/1/29 - 11/18/38 
 
    140,699
8,090
 
 
 
34,200
Mongolia (0.2%)
 
 
Sovereign (0.2%)
 
 
Mongolia Government International
Bond,
 
 
6.63%, 2/25/30 (a)
$
        200
205
6.63%, 2/25/30
 
        500
513
 
 
 
718
Mozambique (0.1%)
 
 
Sovereign (0.1%)
 
 
Mozambique International Bond,
 
 
9.00%, 9/15/31 (f)
 
        499
454
Paraguay (0.1%)
 
 
Sovereign (0.1%)
 
 
Paraguay Government International
Bond,
 
 
7.90%, 2/9/31
PYG
  1,616,000
261
8.50%, 3/4/35 (a)
 
    590,000
96
 
 
 
357
Peru (3.4%)
 
 
Sovereign (3.4%)
 
 
Peru Government Bond,
 
 
6.85%, 8/12/35
PEN
      2,172
672
 
Face
Amount
(000)
 
Value
(000)
 
 
 
6.90%, 8/12/37
PEN
     12,368
$3,729
7.60%, 8/12/39
 
     29,371
9,272
 
 
 
13,673
Poland (3.5%)
 
 
Sovereign (3.5%)
 
 
Republic of Poland Government
Bond,
 
 
2.00%, 8/25/36
PLN
     58,191
14,047
Romania (1.8%)
 
 
Sovereign (1.8%)
 
 
Romania Government Bond,
 
 
4.25%, 4/28/36
RON
      1,555
282
4.75%, 10/11/34
 
      6,715
1,293
6.70%, 2/25/32
 
      3,915
858
6.75%, 4/25/35
 
      2,410
528
7.10%, 7/31/34
 
      7,375
1,651
7.20%, 10/30/33
 
      4,905
1,101
7.25%, 7/30/40
 
      1,205
269
7.90%, 2/24/38
 
      1,510
355
8.25%, 9/29/32
 
      4,230
997
 
 
 
7,334
Serbia (0.2%)
 
 
Sovereign (0.2%)
 
 
Serbia Treasury Bond,
 
 
4.50%, 8/20/32
RSD
     45,030
423
7.00%, 10/26/31
 
     44,730
473
 
 
 
896
South Africa (10.5%)
 
 
Sovereign (10.5%)
 
 
Republic of South Africa
Government Bond,
 
 
8.00%, 1/31/30
ZAR
     17,350
1,053
8.50%, 1/31/37
 
    152,690
9,004
8.75%, 1/31/44 - 2/28/48 
 
    123,499
7,120
8.88%, 2/28/35
 
    113,980
7,019
9.00%, 1/31/40
 
    303,519
18,081
 
 
 
42,277
Sri Lanka (1.2%)
 
 
Sovereign (1.2%)
 
 
Sri Lanka Government Bond,
 
 
9.00%, 6/1/33 - 11/1/33 
LKR
    115,000
294
10.25%, 9/15/34
 
    535,000
1,444

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
 
Face
Amount
(000)
 
Value
(000)
Sovereign (cont’d)
 
 
10.35%, 10/15/29
LKR
     14,000
$41
11.00%, 10/15/28 - 5/15/30 
 
    674,000
2,012
11.25%, 3/15/31
 
      6,000
17
11.50%, 12/15/32
 
    311,000
910
 
 
 
4,718
Supranational (0.6%)
 
 
Sovereign (0.6%)
 
 
Corp. Andina de Fomento,
 
 
7.50%, 4/4/34
INR
    132,000
1,326
8.25%, 4/26/34
 
    107,000
1,122
 
 
 
2,448
Suriname (0.9%)
 
 
Sovereign (0.9%)
 
 
Suriname Government International
Bond,
 
 
7.70%, 11/6/30
$
        419
431
7.70%, 11/6/30 (a)
 
        672
691
8.50%, 11/6/35
 
        283
304
8.50%, 11/6/35 (a)
 
      2,153
2,314
 
 
 
3,740
Tanzania, United Republic Of (0.1%)
 
 
Corporate Bond (0.1%)
 
 
Absa Bank Ltd.,
 
 
13.50%, 8/2/35
TZS
    964,000
432
Thailand (2.0%)
 
 
Sovereign (2.0%)
 
 
Thailand Government Bond,
 
 
1.60%, 6/17/35
THB
     30,700
887
1.88%, 6/17/49
 
     50,000
1,193
2.00%, 6/17/42
 
    158,500
4,312
3.30%, 6/17/38
 
     50,000
1,640
 
 
 
8,032
Turkey (0.7%)
 
 
Sovereign (0.7%)
 
 
Turkiye Government Bond,
 
 
17.30%, 7/19/28
TRY
     50,000
765
17.80%, 7/13/33
 
      3,000
37
27.70%, 9/27/34
 
     56,793
1,018
 
Face
Amount
(000)
 
Value
(000)
 
 
 
30.00%, 9/12/29
TRY
     44,155
$813
31.08%, 11/8/28
 
      3,000
57
 
 
 
2,690
Uruguay (0.0%)‡
 
 
Sovereign (0.0%)‡
 
 
Uruguay Government International
Bond,
 
 
3.40%, 5/16/45
UYU
      5,354
142
Uzbekistan (9.4%)
 
 
Corporate Bonds (5.1%)
 
 
European Bank for Reconstruction
& Development,
 
 
17.35%, 3/1/27
$
        280
291
Heritage Lending Group BV,
 
 
19.50%, 5/5/29
UZS
 52,980,000
4,435
Ipoteka-Bank ATIB,
 
 
17.50%, 10/9/28
 
 10,450,000
902
20.50%, 4/25/27
 
 15,590,000
1,353
TBC Bank Group PLC,
 
 
22.00%, 6/5/28 (a)
 
 15,360,000
1,291
Uzbek Industrial & Construction
Bank ATB,
 
 
21.00%, 7/24/27
 
141,910,000
12,450
 
 
 
20,722
Sovereign (4.3%)
 
 
Asian Development Bank,
 
 
14.50%, 6/26/28
 
  7,716,500
662
National Bank of Uzbekistan,
 
 
19.88%, 7/5/27
 
 14,170,000
1,254
Republic of Uzbekistan International
Bond,
 
 
12.25%, 4/13/29
 
134,900,000
11,528
15.50%, 2/25/28
 
 42,000,000
3,745
 
 
 
17,189
 
 
 
37,911
Venezuela (1.3%)
 
 
Sovereign (1.3%)
 
 
Petroleos de Venezuela SA,
 
 
5.38%, 4/12/27 (d)(e)
$
        826
303
5.50%, 4/12/37 (d)(e)
 
        414
152
6.00%, 10/28/22
 
         87
32

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)
(Showing Percentage of Total Value of Investments)
 
Face
Amount
(000)
 
Value
(000)
Sovereign (cont’d)
 
 
6.00%,
5/16/24 - 11/15/26 (d)(e)
$
      3,811
$1,441
9.00%, 11/17/21 (d)(e)
 
        240
104
9.75%, 5/17/35 (d)(e)
 
        586
267
12.75%, 2/17/22 (d)(e)
 
        422
210
Venezuela Government International
Bond,
 
 
6.00%, 12/9/20 (d)(e)
 
        246
105
7.00%, 3/31/38 (d)(e)
 
        200
88
7.65%, 4/21/25 (d)(e)
 
        523
237
7.75%, 10/13/19 (d)(e)
 
        393
182
8.25%, 10/13/24 (d)(e)
 
        941
438
9.00%, 5/7/23 (d)(e)
 
        272
132
9.25%, 9/15/27 - 5/7/28 (d)(e)
 
      2,309
1,142
9.38%, 1/13/34 (d)(e)
 
         60
29
11.75%, 10/21/26 (d)(e)
 
        279
153
11.95%, 8/5/31 (d)(e)
 
        189
104
12.75%, 8/23/22 (d)(e)
 
        141
79
 
 
 
5,198
Zambia (1.6%)
 
 
Sovereign (1.6%)
 
 
Zambia Government Bond,
 
 
13.00%, 9/20/31 - 6/26/33 
ZMW
      4,005
194
14.00%, 7/24/38
 
      1,103
51
14.50%, 2/16/28
 
      6,682
363
14.90%, 2/16/29
 
     11,000
595
14.98%, 2/16/31
 
        500
27
16.00%, 11/24/28
 
      2,558
141
16.49%, 11/24/30
 
      5,885
329
16.60%, 2/16/36
 
      2,334
126
16.85%, 1/26/33
 
      5,662
313
16.95%, 12/22/32
 
      3,641
203
17.00%, 11/24/32
 
      5,112
283
17.19%, 1/26/36
 
     13,766
756
17.50%, 11/24/35 - 12/22/35 
 
     11,374
632
17.59%, 2/16/41
 
     20,877
1,126
18.49%, 5/27/32
 
      1,056
63
18.79%, 1/26/41
 
      1,860
105
18.99%, 10/27/40 - 11/24/40 
 
     12,723
727
19.00%, 6/23/35 - 9/29/35 
 
      6,011
349
 
Face
Amount
(000)
 
Value
(000)
 
 
 
22.50%, 11/25/34
ZMW
      2,302
$159
26.50%, 4/30/39
 
        500
40
 
 
 
6,582
Total Fixed Income Securities (Cost $317,705)
339,448
Short-Term Investments (15.4%)
U.S. Treasury Security (3.3%)
 
 
U.S. Treasury Bill,
 
 
3.78%, 12/3/26 (g)
$
        320
$316
3.79%, 12/3/26 (g)
 
      1,165
$1,150
3.80%, 12/3/26  (g)
 
     11,745
$11,596
3.81%, 12/3/26  (g)
 
         70
$69
TOTAL U.S. TREASURY SECURITY (Cost $13,132)
13,131
 
 
Shares
 
Investment Company (5.4%)
 
 
Morgan Stanley Institutional Liquidity
Funds — Treasury Securities
Portfolio — Institutional Class,
3.57% (Cost $21,823) (h)
 
 21,823,383
21,823
 
 
Face
Amount
(000)
 
Sovereign (6.7%)
 
 
Egypt (2.4%)
 
 
Egypt Treasury Bill,
 
 
23.88%, 9/15/26
EGP
    162,550
3,107
24.62%, 10/20/26
 
      4,775
89
24.75%, 9/22/26
 
      3,575
68
25.18%, 3/16/27
 
    358,325
6,085
25.30%, 1/19/27
 
      9,550
168
25.65%, 4/20/27
 
      7,150
119
 
 
 
9,636
Nigeria (4.3%)
 
 
Nigeria OMO Bill,
 
 
18.43%, 1/12/27
NGN
    581,963
394
18.56%, 1/12/27
 
    387,975
263
18.61%, 1/19/27
 
    758,104
511
18.62%, 1/19/27
 
    297,518
201
18.70%, 1/12/27
 
    299,129
202
19.03%, 1/19/27
 
    302,984
204
19.26%, 1/12/27
 
    346,527
234
19.47%, 1/12/27
 
    470,385
318

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)
 
Face
Amount
(000)
 Value
(000)
Nigeria (cont’d)
 
 
20.23%, 1/12/27
NGN
  3,898,429
$2,638
20.30%, 1/19/27
 
    723,701
488
20.79%, 10/13/26
 
     93,236
66
20.91%, 10/27/26
 
    140,525
99
20.93%, 9/1/26
 
     67,333
49
20.98%, 10/27/26
 
    117,590
83
21.00%, 10/6/26
 
    232,944
166
21.03%, 9/15/26
 
     70,966
51
21.08%, 10/27/26
 
    273,994
193
21.14%, 9/15/26
 
     20,256
15
21.14%, 9/29/26
 
    304,724
218
21.16%, 10/6/26
 
  4,655,357
3,309
21.18%, 10/13/26
 
     35,300
25
21.20%, 10/13/26
 
    118,239
84
21.22%, 9/15/26
 
  2,495,514
1,793
21.25%, 10/20/26
 
    236,316
167
21.26%, 9/15/26
 
    118,821
85
21.27%, 10/6/26
 
    238,189
169
21.30%, 9/29/26
 
    498,197
356
21.36%, 9/15/26
 
     33,886
24
21.39%, 9/1/26
 
    119,810
87
21.40%, 9/29/26
 
    542,953
389
21.40%, 10/6/26
 
     72,518
52
21.41%, 9/1/26
 
    239,658
174
21.41%, 11/3/26
 
  1,660,537
1,163
21.45%, 11/10/26
 
  3,792,632
2,648
22.05%, 9/22/26
 
    832,925
596
 
 
 
17,514
Total Sovereign  (Cost $27,075)
 
 
27,150
Total Short-Term Investments  (Cost $62,030)
62,104
TOTAL INVESTMENTS EXCLUDING PURCHASED
OPTIONS AND SWAPTIONS
(99.8%) (Cost $379,735)
401,552
TOTAL PURCHASED OPTIONS AND SWAPTIONS
OUTSTANDING (0.2%)  (Cost $1,128)
909
TOTAL INVESTMENTS
(100%) (Cost $380,863)(i)(j)
 
402,461
LIABILITIES IN EXCESS OF OTHER ASSETS
 
(23,431
)
NET ASSETS
 
379,030
Country assignments and aggregations are based generally on third party vendor classifications and information, and may be different from the assignments and aggregations under the policies set forth in the Fund’s prospectus and/or statement of additional information relating to geographic classifications. 
‡
Amount is less than 0.05%.
(a)
144A security — Certain conditions for public sale
may exist. Unless otherwise noted, these securities
are deemed to be liquid.
(b)
When-issued security.
(c)
Income may be paid in additional securities and/or
cash at the discretion of the issuer.
(d)
Issuer in bankruptcy.
(e)
Non-income producing security; bond in default.
(f)
Multi-step — Coupon rate changes in predetermined
increments to maturity. Rate disclosed is as of
July 31, 2026. Maturity date disclosed is the ultimate
maturity date.
(g)
Rate shown is the yield to maturity at July 31, 2026.
(h)
The Fund invests in the Institutional Class of the
Morgan Stanley Institutional Liquidity Funds - Treasury
Securities Portfolio - (the "Liquidity Fund"), an open-end
management investment company managed by the
Adviser. Advisory fees paid by the Fund are reduced
by an amount equal to its pro-rata share of the
advisory and administration fees paid by the Fund due
to its investment in the Liquidity Fund. For the nine
months ended July 31, 2026, advisory fees paid were
reduced by $29,000 relating to the Fund's investment
in the Liquidity Fund.
(i)
Securities are available for collateral in connection
with purchase of when-issued securities, securities
purchased on a forward commitment basis, open
foreign currency forward exchange contracts, futures
contracts and swap agreements.
(j)
At July 31, 2026, the aggregate cost for federal
income tax purposes approximates the aggregate
cost for book purposes. The aggregate gross
unrealized appreciation is approximately $45,382,000
and the aggregate gross unrealized depreciation is
approximately $26,914,000, resulting in net
unrealized appreciation of approximately
$18,468,000.
 
JSC
Joint Stock Company.
PIK
Payment-in-Kind.

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

 
Foreign Currency Forward Exchange Contracts:
The Fund had the following foreign currency forward exchange contracts open at July 31, 2026:
Counterparty
Contracts
to Deliver
(000)
In
Exchange
For
(000)
Delivery
Date
Unrealized
Appreciation
(Depreciation)
(000)
Australia & New Zealand Banking Group Ltd.
IDR
153,232,000
$
9,010
9/17/26
$531
Australia & New Zealand Banking Group Ltd.
IDR
202,463,566
$
11,905
9/17/26
702
Australia & New Zealand Banking Group Ltd.
IDR
59,879,866
$
3,521
9/17/26
208
Australia & New Zealand Banking Group Ltd.
$
7,945
IDR
135,111,289
9/17/26
(468
)
Bank of America NA
CLP
961,499
$
1,029
1/29/27
(7
)
Bank of America NA
CLP
1,211,062
$
1,296
10/28/26
(8
)
Bank of America NA
CZK
9,250
EUR
382
9/16/26
1
Bank of America NA
KZT
488,734
$
1,011
9/16/26
(4
)
Bank of America NA
KZT
497,499
$
1,027
9/16/26
(6
)
Bank of America NA
RON
9,190
EUR
1,735
9/16/26
(10
)
Bank of America NA
UGX
722,903
$
185
11/16/26
(5
)
Bank of America NA
$
672
KZT
367,166
11/2/26
78
Bank of America NA
$
412
KZT
219,744
9/4/26
47
Bank of America NA
$
412
KZT
219,477
9/4/26
46
Bank of America NA
$
410
KZT
218,687
9/8/26
45
Bank of America NA
UYU
15,153
$
376
9/23/26
1
Bank of America NA
ZAR
83,038
$
5,023
9/16/26
13
Bank of America NA
ZAR
48,966
$
2,890
9/16/26
(64
)
Barclays Bank PLC
EUR
3,123
HUF
1,118,396
9/16/26
(80
)
Barclays Bank PLC
EUR
7,039
PLN
29,908
9/9/26
(123
)
Barclays Bank PLC
EUR
9,594
PLN
40,768
9/8/26
(166
)
Barclays Bank PLC
EUR
4,688
PLN
19,911
9/2/26
(82
)
Barclays Bank PLC
EUR
4,817
PLN
20,466
9/4/26
(83
)
Barclays Bank PLC
IDR
30,360,918
$
1,702
9/17/26
22
Barclays Bank PLC
MYR
11,190
$
2,747
9/17/26
5
Barclays Bank PLC
MYR
35,540
$
8,817
9/15/26
109
Barclays Bank PLC
MYR
11,372
$
2,821
9/15/26
35
Barclays Bank PLC
PLN
19,911
EUR
4,565
9/2/26
(59
)
Barclays Bank PLC
PLN
20,466
EUR
4,681
9/4/26
(74
)
Barclays Bank PLC
PLN
40,768
EUR
9,361
9/8/26
(103
)
Barclays Bank PLC
PLN
29,908
EUR
6,869
9/9/26
(73
)
Barclays Bank PLC
PLN
19,820
EUR
4,649
9/16/26
64
Barclays Bank PLC
PLN
21,085
EUR
4,856
9/16/26
(35
)
Barclays Bank PLC
TRY
159,298
$
2,903
11/19/26
(160
)
Barclays Bank PLC
$
1,300
CLP
1,211,062
8/31/26
3
Barclays Bank PLC
$
4,973
IDR
89,597,500
9/17/26
(15
)
Barclays Bank PLC
$
3,577
IDR
64,513,481
9/17/26
(7
)
Barclays Bank PLC
$
10,680
IDR
192,644,395
9/17/26
(21
)
Barclays Bank PLC
$
1,683
IDR
30,360,918
9/17/26
(3
)

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Foreign Currency Forward Exchange Contracts: (cont'd)
 
Counterparty
Contracts
to Deliver
(000)
In
Exchange
For
(000)
Delivery
Date
Unrealized
Appreciation
(Depreciation)
(000)
Barclays Bank PLC
$
687
IDR
12,387,274
9/17/26
$(1
)
Barclays Bank PLC
$
969
MYR
4,000
12/16/26
15
Barclays Bank PLC
$
464
MYR
1,900
12/16/26
3
Barclays Bank PLC
$
2,990
MYR
12,000
9/17/26
(49
)
Barclays Bank PLC
$
4,983
MYR
20,000
9/17/26
(82
)
Barclays Bank PLC
$
3,488
MYR
14,000
9/17/26
(58
)
Barclays Bank PLC
$
5,979
MYR
24,000
9/17/26
(99
)
Barclays Bank PLC
$
1,495
MYR
6,000
9/17/26
(25
)
Barclays Bank PLC
$
996
MYR
4,000
9/17/26
(16
)
Barclays Bank PLC
$
747
MYR
3,000
9/17/26
(12
)
Barclays Bank PLC
$
1,246
MYR
5,000
9/17/26
(20
)
Barclays Bank PLC
$
1,238
MYR
5,000
9/17/26
(13
)
Barclays Bank PLC
$
743
MYR
3,000
9/17/26
(8
)
Barclays Bank PLC
$
1,486
MYR
6,000
9/17/26
(16
)
Barclays Bank PLC
$
991
MYR
4,000
9/17/26
(10
)
Barclays Bank PLC
$
3,728
MYR
15,039
9/17/26
(43
)
Barclays Bank PLC
$
6,359
MYR
25,653
9/17/26
(73
)
Barclays Bank PLC
$
3,346
MYR
13,500
9/17/26
(39
)
Barclays Bank PLC
$
5,374
MYR
21,681
9/17/26
(62
)
Barclays Bank PLC
$
4,063
THB
132,884
9/16/26
(70
)
Barclays Bank PLC
$
2,882
TRY
159,298
11/19/26
180
Barclays Bank PLC
$
6,668
TRY
317,436
8/4/26
7
Barclays Bank PLC
$
4,153
TWD
132,550
10/8/26
(35
)
Barclays Bank PLC
$
2,193
TWD
70,157
10/13/26
(13
)
Barclays Bank PLC
ZAR
17,282
$
1,047
9/16/26
5
Barclays Bank PLC
ZAR
10,594
$
629
9/16/26
(10
)
BNP Paribas SA
CZK
101,130
EUR
4,160
9/16/26
(12
)
BNP Paribas SA
CZK
87,400
EUR
3,595
9/16/26
(10
)
BNP Paribas SA
EUR
6,565
CZK
159,598
9/16/26
18
BNP Paribas SA
EUR
9,709
CZK
236,037
9/16/26
27
BNP Paribas SA
EUR
3,937
CZK
95,709
9/16/26
11
BNP Paribas SA
EUR
510
RON
2,699
9/16/26
3
BNP Paribas SA
EUR
3,945
RON
20,886
9/16/26
21
BNP Paribas SA
EUR
945
RON
5,000
9/16/26
5
BNP Paribas SA
INR
186,020
$
1,943
9/16/26
—@
BNP Paribas SA
RON
8,190
EUR
1,547
9/16/26
(8
)
BNP Paribas SA
RON
12,800
EUR
2,418
9/16/26
(13
)
BNP Paribas SA
THB
117,250
$
3,578
9/16/26
55
BNP Paribas SA
THB
4,147
$
127
9/16/26
2
BNP Paribas SA
THB
34,515
$
1,053
9/16/26
16

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Foreign Currency Forward Exchange Contracts: (cont'd)
 
Counterparty
Contracts
to Deliver
(000)
In
Exchange
For
(000)
Delivery
Date
Unrealized
Appreciation
(Depreciation)
(000)
BNP Paribas SA
TWD
236,230
$
7,340
9/16/26
$12
BNP Paribas SA
$
24,113
EUR
21,150
8/7/26
279
BNP Paribas SA
$
3,410
IDR
61,680,290
9/16/26
3
BNP Paribas SA
$
8,218
THB
269,337
9/16/26
(125
)
BNP Paribas SA
ZAR
6,350
$
385
9/16/26
2
BNP Paribas SA
ZAR
59,614
$
3,584
9/16/26
(12
)
Citibank NA
BRL
28,980
$
5,595
8/4/26
(122
)
Citibank NA
BRL
129,093
$
24,673
8/4/26
(794
)
Citibank NA
BRL
4,120
$
787
8/4/26
(25
)
Citibank NA
BRL
29,896
$
5,714
8/4/26
(184
)
Citibank NA
BRL
56,031
$
10,566
10/2/26
(339
)
Citibank NA
BRL
56,031
$
11,036
8/4/26
(18
)
Citibank NA
CNH
17,717
$
2,635
9/16/26
3
Citibank NA
COP
2,495,813
$
701
9/16/26
(83
)
Citibank NA
COP
694,858
$
195
9/16/26
(23
)
Citibank NA
COP
988,133
$
282
9/16/26
(28
)
Citibank NA
CZK
58,510
EUR
2,408
9/16/26
(5
)
Citibank NA
IDR
30,727,905
$
1,773
9/17/26
72
Citibank NA
IDR
11,922,000
$
657
9/17/26
(3
)
Citibank NA
INR
184,230
$
1,903
9/16/26
(20
)
Citibank NA
KES
32,133
$
228
2/3/27
(15
)
Citibank NA
KZT
55,026
$
110
9/14/26
(4
)
Citibank NA
KZT
140,125
$
280
9/14/26
(11
)
Citibank NA
KZT
652,395
$
1,369
8/10/26
(3
)
Citibank NA
KZT
652,395
$
1,377
8/3/26
1
Citibank NA
LKR
277,562
$
826
8/4/26
(1
)
Citibank NA
LKR
119,628
$
356
8/4/26
(—@
)
Citibank NA
MXN
101,580
$
5,827
9/17/26
(16
)
Citibank NA
NGN
714,543
$
492
12/16/26
(7
)
Citibank NA
UGX
130,655
$
34
10/20/26
(—@
)
Citibank NA
UGX
429,261
$
114
10/21/26
—@
Citibank NA
$
24,343
BRL
129,093
10/2/26
780
Citibank NA
$
5,637
BRL
29,896
10/2/26
181
Citibank NA
$
10,709
BRL
56,031
8/4/26
344
Citibank NA
$
777
BRL
4,120
10/2/26
25
Citibank NA
$
812
BRL
4,120
8/4/26
1
Citibank NA
$
5,708
BRL
28,980
8/4/26
9
Citibank NA
$
25,426
BRL
129,093
8/4/26
41
Citibank NA
$
5,888
BRL
29,896
8/4/26
9
Citibank NA
$
4,174
CNH
28,064
9/16/26
(5
)

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Foreign Currency Forward Exchange Contracts: (cont'd)
 
Counterparty
Contracts
to Deliver
(000)
In
Exchange
For
(000)
Delivery
Date
Unrealized
Appreciation
(Depreciation)
(000)
Citibank NA
$
2,194
CNH
14,755
9/16/26
$(3
)
Citibank NA
$
4,527
CNH
30,440
9/16/26
(5
)
Citibank NA
$
8,056
EGP
424,500
9/15/26
95
Citibank NA
$
570
KES
76,687
2/3/27
9
Citibank NA
$
1,372
KZT
652,395
8/3/26
3
Citibank NA
$
2,635
PEN
9,000
9/16/26
9
Citibank NA
$
184
UGX
696,026
11/12/26
(1
)
Citibank NA
$
114
UGX
429,261
10/21/26
(—@
)
Citibank NA
$
262
VND
7,015,116
8/12/26
4
Citibank NA
$
131
VND
3,492,984
10/9/26
1
Citibank NA
UYU
15,000
$
371
9/16/26
—@
Citibank NA
UYU
11,248
$
279
8/21/26
—@
Citibank NA
ZAR
59,614
$
3,618
8/3/26
9
Deutsche Bank AG
KES
30,538
$
223
2/24/27
(7
)
Deutsche Bank AG
KZT
325,142
$
655
8/10/26
(29
)
Deutsche Bank AG
KZT
578,837
$
1,165
8/10/26
(52
)
Deutsche Bank AG
KZT
181,731
$
383
8/7/26
(—@
)
Deutsche Bank AG
KZT
396,669
$
824
9/16/26
—@
Deutsche Bank AG
KZT
89,639
$
188
9/4/26
1
Deutsche Bank AG
KZT
713,724
$
1,479
10/27/26
19
Deutsche Bank AG
KZT
357,601
$
739
10/27/26
8
Deutsche Bank AG
KZT
358,341
$
739
10/27/26
6
Deutsche Bank AG
KZT
456,438
$
949
8/27/26
(5
)
Deutsche Bank AG
KZT
456,296
$
949
8/27/26
(5
)
Deutsche Bank AG
KZT
652,395
$
1,294
8/3/26
(82
)
Deutsche Bank AG
KZT
224,163
$
439
9/4/26
(28
)
Deutsche Bank AG
KZT
413,058
$
845
10/15/26
(4
)
Deutsche Bank AG
KZT
412,383
$
845
10/15/26
(2
)
Deutsche Bank AG
KZT
2,914,040
$
6,023
9/14/26
(30
)
Deutsche Bank AG
KZT
918,854
$
1,894
10/15/26
6
Deutsche Bank AG
KZT
413,143
$
845
10/15/26
(4
)
Deutsche Bank AG
KZT
410,693
$
845
9/14/26
(8
)
Deutsche Bank AG
KZT
410,777
$
845
9/14/26
(8
)
Deutsche Bank AG
KZT
410,946
$
845
9/14/26
(9
)
Deutsche Bank AG
KZT
410,439
$
845
9/14/26
(8
)
Deutsche Bank AG
KZT
175,784
$
359
10/15/26
(2
)
Deutsche Bank AG
KZT
927,000
$
1,896
10/15/26
(9
)
Deutsche Bank AG
KZT
409,906
$
851
8/31/26
(4
)
Deutsche Bank AG
KZT
819,811
$
1,703
8/31/26
(9
)
Deutsche Bank AG
$
1,109
KZT
677,230
10/15/26
283

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Foreign Currency Forward Exchange Contracts: (cont'd)
 
Counterparty
Contracts
to Deliver
(000)
In
Exchange
For
(000)
Delivery
Date
Unrealized
Appreciation
(Depreciation)
(000)
Deutsche Bank AG
$
1,347
KZT
821,200
10/23/26
$335
Deutsche Bank AG
$
2,075
KZT
1,255,519
10/27/26
494
Deutsche Bank AG
$
762
KZT
450,653
11/3/26
157
Deutsche Bank AG
$
762
KZT
438,950
8/10/26
161
Deutsche Bank AG
$
763
KZT
438,806
8/7/26
161
Deutsche Bank AG
$
372
KZT
205,606
3/11/27
31
Deutsche Bank AG
$
3,968
KZT
2,135,224
12/14/26
332
Deutsche Bank AG
$
4,084
KZT
2,135,224
9/14/26
351
Deutsche Bank AG
$
568
KZT
266,054
8/10/26
(8
)
Deutsche Bank AG
$
1,377
KZT
652,395
8/3/26
(1
)
Deutsche Bank AG
$
830
RUB
66,462
10/14/26
(12
)
Deutsche Bank AG
$
107
UZS
1,393,314
3/11/27
6
Deutsche Bank AG
$
213
UZS
2,788,760
3/11/27
12
Deutsche Bank AG
$
107
UZS
1,395,978
3/12/27
6
Deutsche Bank AG
$
107
UZS
1,393,314
3/12/27
6
Deutsche Bank AG
$
156
UZS
2,031,887
3/17/27
8
Deutsche Bank AG
$
156
UZS
2,035,784
3/18/27
9
Deutsche Bank AG
$
78
UZS
1,017,892
3/18/27
4
Deutsche Bank AG
$
78
UZS
1,015,164
3/17/27
4
Deutsche Bank AG
$
18,151
ZAR
301,000
9/16/26
7
Deutsche Bank AG
ZAR
62,960
$
3,797
9/16/26
(1
)
Deutsche Bank AG
ZAR
110,600
$
6,669
9/16/26
(3
)
Deutsche Bank AG
ZAR
570
$
34
9/16/26
(—@
)
Deutsche Bank AG
ZAR
232,244
$
14,005
9/16/26
(5
)
Deutsche Bank AG
ZAR
91,085
$
5,493
9/16/26
(2
)
Goldman Sachs International
BRL
15,170
$
2,898
8/4/26
(94
)
Goldman Sachs International
CLP
883,860
$
987
9/16/26
36
Goldman Sachs International
CNH
18,525
$
2,751
9/16/26
(—@
)
Goldman Sachs International
CNH
36,620
$
5,441
9/16/26
1
Goldman Sachs International
COP
3,134,000
$
859
9/16/26
(125
)
Goldman Sachs International
COP
6,263,330
$
1,788
9/16/26
(178
)
Goldman Sachs International
COP
10,833,360
$
2,968
9/16/26
(432
)
Goldman Sachs International
EGP
155,429
$
2,586
9/15/26
(398
)
Goldman Sachs International
EUR
23,896
HUF
8,580,627
9/16/26
(534
)
Goldman Sachs International
EUR
19,210
HUF
6,842,158
8/31/26
(578
)
Goldman Sachs International
EUR
347
PLN
1,490
9/16/26
(2
)
Goldman Sachs International
HUF
2,831,885
EUR
7,886
9/16/26
176
Goldman Sachs International
HUF
673,900
EUR
1,877
9/16/26
42
Goldman Sachs International
INR
835,500
$
8,698
9/16/26
(27
)
Goldman Sachs International
INR
14,039
$
146
9/16/26
(—@
)

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Foreign Currency Forward Exchange Contracts: (cont'd)
 
Counterparty
Contracts
to Deliver
(000)
In
Exchange
For
(000)
Delivery
Date
Unrealized
Appreciation
(Depreciation)
(000)
Goldman Sachs International
KZT
817,404
$
1,639
8/13/26
$(79
)
Goldman Sachs International
MXN
158,300
$
9,016
9/17/26
(90
)
Goldman Sachs International
MXN
138,462
$
7,886
9/17/26
(79
)
Goldman Sachs International
MYR
7,150
$
1,752
9/17/26
—@
Goldman Sachs International
MYR
20,690
$
5,130
9/15/26
61
Goldman Sachs International
PEN
17,881
$
5,239
9/16/26
(14
)
Goldman Sachs International
PEN
6,250
$
1,831
9/16/26
(5
)
Goldman Sachs International
PEN
4,620
$
1,352
9/16/26
(5
)
Goldman Sachs International
PEN
25,544
$
7,487
9/16/26
(17
)
Goldman Sachs International
PEN
4,210
$
1,227
9/16/26
(9
)
Goldman Sachs International
THB
25,400
$
764
9/16/26
1
Goldman Sachs International
THB
140,700
$
4,316
9/16/26
88
Goldman Sachs International
$
2,988
BRL
15,170
8/4/26
5
Goldman Sachs International
$
2,291
CNH
15,427
9/16/26
—@
Goldman Sachs International
$
4,727
CNH
31,827
9/16/26
1
Goldman Sachs International
$
4,358
CNH
29,343
9/16/26
—@
Goldman Sachs International
$
5,963
COP
21,336,269
9/16/26
733
Goldman Sachs International
$
2,266
EGP
123,039
9/16/26
95
Goldman Sachs International
$
703
EGP
35,259
8/25/26
(20
)
Goldman Sachs International
$
3,020
INR
290,094
9/16/26
9
Goldman Sachs International
$
993
INR
95,424
9/16/26
3
Goldman Sachs International
$
34,202
INR
3,285,411
9/16/26
105
Goldman Sachs International
$
8,420
KRW
12,819,000
9/16/26
576
Goldman Sachs International
$
141
KZT
70,099
8/7/26
6
Goldman Sachs International
$
1,386
MXN
24,341
9/17/26
14
Goldman Sachs International
$
10,168
MXN
178,538
9/17/26
102
Goldman Sachs International
$
13,637
PEN
46,541
9/16/26
35
Goldman Sachs International
$
1,683
PEN
5,744
9/16/26
4
Goldman Sachs International
$
2,995
THB
97,199
9/16/26
(75
)
Goldman Sachs International
$
470
THB
15,650
9/16/26
—@
Goldman Sachs International
$
5,403
TWD
172,772
10/13/26
(34
)
Goldman Sachs International
$
550
VND
14,621,698
10/13/26
3
Goldman Sachs International
$
184
VND
4,931,911
8/26/26
3
Goldman Sachs International
UYU
800
$
20
9/28/26
(—@
)
Goldman Sachs International
ZAR
68,850
$
4,199
9/16/26
46
HSBC Bank PLC
BRL
56,031
$
10,759
8/4/26
(294
)
HSBC Bank PLC
BRL
54,500
$
10,734
8/4/26
(17
)
HSBC Bank PLC
BRL
158,073
$
31,133
8/4/26
(50
)
HSBC Bank PLC
BRL
29,896
$
5,888
8/4/26
(9
)
HSBC Bank PLC
IDR
47,507,500
$
2,795
9/17/26
166

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Foreign Currency Forward Exchange Contracts: (cont'd)
 
Counterparty
Contracts
to Deliver
(000)
In
Exchange
For
(000)
Delivery
Date
Unrealized
Appreciation
(Depreciation)
(000)
HSBC Bank PLC
THB
4,147
$
126
9/16/26
$2
HSBC Bank PLC
THB
34,515
$
1,052
9/16/26
15
HSBC Bank PLC
THB
117,250
$
3,574
9/16/26
51
HSBC Bank PLC
$
10,465
BRL
54,500
8/4/26
286
HSBC Bank PLC
$
30,354
BRL
158,073
8/4/26
829
HSBC Bank PLC
$
5,741
BRL
29,896
8/4/26
157
HSBC Bank PLC
$
11,036
BRL
56,031
8/4/26
18
HSBC Bank PLC
$
1,152
MXN
19,960
9/17/26
(4
)
HSBC Bank PLC
$
7,224
THB
237,017
9/16/26
(102
)
HSBC Bank PLC
$
1,011
UYU
41,400
9/16/26
14
HSBC Bank PLC
UYU
3,639
$
89
9/8/26
(1
)
HSBC Bank PLC
ZAR
16,964
$
1,002
9/16/26
(22
)
JPMorgan Chase Bank NA
BRL
35,210
$
6,791
8/4/26
(155
)
JPMorgan Chase Bank NA
CNH
26,488
$
3,934
9/16/26
(—@
)
JPMorgan Chase Bank NA
COP
15,751,829
$
4,339
9/16/26
(604
)
JPMorgan Chase Bank NA
COP
12,290,200
$
3,386
9/16/26
(471
)
JPMorgan Chase Bank NA
COP
61,327,336
$
16,895
9/16/26
(2,352
)
JPMorgan Chase Bank NA
EUR
338
CZK
8,190
9/16/26
(—@
)
JPMorgan Chase Bank NA
EUR
389
HUF
138,947
9/16/26
(11
)
JPMorgan Chase Bank NA
EUR
3,719
$
4,247
8/7/26
(41
)
JPMorgan Chase Bank NA
EUR
19,439
$
22,204
8/7/26
(215
)
JPMorgan Chase Bank NA
EUR
4,974
$
5,681
8/7/26
(55
)
JPMorgan Chase Bank NA
EUR
11,345
$
12,959
8/7/26
(125
)
JPMorgan Chase Bank NA
EUR
4,726
$
5,398
8/7/26
(52
)
JPMorgan Chase Bank NA
EUR
9,575
$
10,937
8/7/26
(106
)
JPMorgan Chase Bank NA
EUR
158
$
181
8/7/26
(2
)
JPMorgan Chase Bank NA
HUF
498,650
EUR
1,397
9/16/26
40
JPMorgan Chase Bank NA
IDR
18,615,620
$
1,094
9/17/26
64
JPMorgan Chase Bank NA
IDR
19,341,413
$
1,076
9/17/26
6
JPMorgan Chase Bank NA
IDR
19,321,365
$
1,074
9/17/26
4
JPMorgan Chase Bank NA
IDR
26,864,353
$
1,488
9/16/26
2
JPMorgan Chase Bank NA
IDR
90,247,080
$
4,961
9/16/26
(33
)
JPMorgan Chase Bank NA
IDR
43,382,210
$
2,390
9/16/26
(11
)
JPMorgan Chase Bank NA
KES
31,165
$
228
2/3/27
(7
)
JPMorgan Chase Bank NA
KES
13,389
$
99
2/3/27
(2
)
JPMorgan Chase Bank NA
KES
30,595
$
226
2/18/27
(5
)
JPMorgan Chase Bank NA
KRW
3,963,870
$
2,593
9/16/26
(189
)
JPMorgan Chase Bank NA
MXN
27,070
$
1,534
9/17/26
(23
)
JPMorgan Chase Bank NA
PLN
23,885
EUR
5,501
9/16/26
(39
)
JPMorgan Chase Bank NA
TRY
141,811
$
2,990
8/3/26
6

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Foreign Currency Forward Exchange Contracts: (cont'd)
 
Counterparty
Contracts
to Deliver
(000)
In
Exchange
For
(000)
Delivery
Date
Unrealized
Appreciation
(Depreciation)
(000)
JPMorgan Chase Bank NA
$
6,935
BRL
35,210
8/4/26
$11
JPMorgan Chase Bank NA
$
6,759
CNH
45,509
9/16/26
1
JPMorgan Chase Bank NA
$
6,231
CNH
41,957
9/16/26
1
JPMorgan Chase Bank NA
$
3,276
CNH
22,059
9/16/26
—@
JPMorgan Chase Bank NA
$
522
COP
1,893,150
9/16/26
73
JPMorgan Chase Bank NA
$
107
COP
387,177
9/16/26
15
JPMorgan Chase Bank NA
$
40,538
EUR
35,490
8/7/26
392
JPMorgan Chase Bank NA
$
6,664
EUR
5,834
8/7/26
65
JPMorgan Chase Bank NA
$
192
EUR
168
8/7/26
2
JPMorgan Chase Bank NA
$
18,684
EUR
16,357
8/7/26
181
JPMorgan Chase Bank NA
$
3,707
EUR
3,230
8/7/26
18
JPMorgan Chase Bank NA
$
2,370
INR
225,000
9/16/26
(21
)
JPMorgan Chase Bank NA
$
3,429
KZT
1,802,434
8/13/26
358
JPMorgan Chase Bank NA
$
138
MNT
529,927
9/28/26
7
JPMorgan Chase Bank NA
$
582
NGN
884,557
3/15/27
20
JPMorgan Chase Bank NA
$
482
NGN
714,543
12/16/26
18
JPMorgan Chase Bank NA
$
2,978
TRY
141,811
8/3/26
6
JPMorgan Chase Bank NA
$
2,000
TRY
95,317
8/7/26
—@
JPMorgan Chase Bank NA
$
2,974
TRY
141,811
8/10/26
(6
)
JPMorgan Chase Bank NA
$
9,174
TWD
290,710
9/16/26
(156
)
JPMorgan Chase Bank NA
$
1,114
TWD
35,621
10/13/26
(7
)
JPMorgan Chase Bank NA
$
121
UGX
450,526
10/20/26
(2
)
JPMorgan Chase Bank NA
$
265
VND
7,075,279
9/16/26
3
JPMorgan Chase Bank NA
$
337
VND
8,961,686
10/16/26
2
Standard Chartered Bank
CLP
1,450,460
$
1,586
9/16/26
25
Standard Chartered Bank
CLP
6,290,209
$
6,878
9/16/26
110
Standard Chartered Bank
CLP
66,346
$
73
9/16/26
1
Standard Chartered Bank
CNH
7,684
$
1,139
9/16/26
(2
)
Standard Chartered Bank
EUR
21,424
PLN
91,298
9/16/26
(308
)
Standard Chartered Bank
EUR
1,132
PLN
4,825
9/16/26
(16
)
Standard Chartered Bank
EUR
2,962
PLN
12,621
9/16/26
(43
)
Standard Chartered Bank
EUR
1,152
PLN
4,909
9/16/26
(17
)
Standard Chartered Bank
KES
30,196
$
218
11/12/26
(12
)
Standard Chartered Bank
NGN
884,557
$
590
3/15/27
(11
)
Standard Chartered Bank
PLN
26,700
EUR
6,265
9/16/26
90
Standard Chartered Bank
PLN
46,449
EUR
10,900
9/16/26
157
Standard Chartered Bank
PLN
820
EUR
192
9/16/26
3
Standard Chartered Bank
UGX
683,978
$
185
10/20/26
5
Standard Chartered Bank
UGX
688,612
$
185
10/23/26
4
Standard Chartered Bank
UGX
689,539
$
185
10/21/26
3

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Foreign Currency Forward Exchange Contracts: (cont'd)
 
Counterparty
Contracts
to Deliver
(000)
In
Exchange
For
(000)
Delivery
Date
Unrealized
Appreciation
(Depreciation)
(000)
Standard Chartered Bank
UGX
1,380,931
$
371
11/3/26
$7
Standard Chartered Bank
UGX
345,233
$
93
11/6/26
2
Standard Chartered Bank
UGX
692,690
$
185
11/10/26
3
Standard Chartered Bank
UGX
692,319
$
185
11/10/26
3
Standard Chartered Bank
UGX
696,026
$
185
11/12/26
2
Standard Chartered Bank
UGX
353,111
$
93
11/13/26
(—@
)
Standard Chartered Bank
UGX
156,749
$
41
11/3/26
(—@
)
Standard Chartered Bank
UGX
168,651
$
44
11/10/26
—@
Standard Chartered Bank
$
7,490
CLP
6,850,494
9/16/26
(120
)
Standard Chartered Bank
$
6,201
CLP
5,671,800
9/16/26
(99
)
Standard Chartered Bank
$
1,032
CLP
961,499
10/30/26
3
Standard Chartered Bank
$
1,804
IDR
30,727,905
9/17/26
(103
)
Standard Chartered Bank
$
228
KES
30,196
11/12/26
3
Standard Chartered Bank
$
228
KES
30,595
2/18/27
3
Standard Chartered Bank
$
228
KES
30,538
2/24/27
2
Standard Chartered Bank
$
419
UGX
1,553,660
11/10/26
(11
)
Standard Chartered Bank
$
417
UGX
1,537,680
11/3/26
(12
)
Standard Chartered Bank
$
96
UGX
364,107
10/20/26
—@
Standard Chartered Bank
$
190
UGX
722,903
11/16/26
(1
)
Standard Chartered Bank
$
93
UGX
353,111
11/13/26
(—@
)
Standard Chartered Bank
$
182
UGX
689,539
10/21/26
—@
Standard Chartered Bank
$
182
UGX
688,612
10/23/26
—@
Standard Chartered Bank
$
91
UGX
345,233
11/6/26
(—@
)
Standard Chartered Bank
$
377
VND
10,000,326
10/22/26
1
State Street Bank & Trust Co.
COP
1,379,053
$
377
9/16/26
(56
)
State Street Bank & Trust Co.
COP
3,965,378
$
1,129
9/16/26
(116
)
State Street Bank & Trust Co.
COP
998,824
$
286
9/16/26
(28
)
State Street Bank & Trust Co.
EUR
429
$
521
1/25/27
23
State Street Bank & Trust Co.
INR
575,390
$
6,035
9/16/26
27
State Street Bank & Trust Co.
$
1,455
MYR
6,000
12/16/26
20
State Street Bank & Trust Co.
ZAR
196,114
$
11,819
9/16/26
(11
)
UBS AG
HUF
4,082,910
EUR
11,467
9/16/26
365
UBS AG
IDR
10,862,725
$
601
9/16/26
(—@
)
UBS AG
IDR
7,085,230
$
390
9/16/26
(2
)
UBS AG
$
2,190
THB
71,575
9/16/26
(39
)
UBS AG
ZAR
35,680
$
2,156
9/16/26
3
 
 
 
 
 
 
$(1,213
)

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

 
Call Options Purchased:
The Fund had the following call options purchased open at July 31, 2026:
Counterparty
Description
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
(000)

Value
(000)
Premiums
Paid
(000)
Unrealized
Depreciation
(000)
Barclays Bank PLC
USD/COP
COP
  3,980.00
 8/27/26
4,300,000
$4,300
$—
@
$70
$(70
)

 
Put Options Purchased:
The Fund had the following put options purchased open at July 31, 2026:
 
 
 
 
 
Counterparty
Description
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
(000)

Value
(000)
Premiums
Paid
(000)
Unrealized
Appreciation
(Depreciation)
(000)
Barclays Bank PLC
USD/CNH
CNH
      6.60
 11/4/26
2,000,000
$2,000
$1
$5
$(4
)
Citibank NA
USD/CNH
CNH
      6.60
 11/4/26
2,000,000
2,000
1
6
(5
)
Barclays Bank PLC
USD/CNH
CNH
      6.60
11/10/26
2,000,000
2,000
2
7
(5
)
Citibank NA
USD/CNH
CNH
      6.60
11/10/26
2,300,000
2,300
2
8
(6
)
JPMorgan Chase Bank NA
USD/INR
INR
     85.50
 1/25/29
9,800,000
9,800
11
80
(69
)
JPMorgan Chase Bank NA
USD/INR
INR
     85.50
 1/30/29
11,200,000
11,200
13
95
(82
)
Barclays Bank PLC
USD/INR
INR
     92.00
 9/30/26
310,000
310
11
21
(10
)
Barclays Bank PLC
USD/INR
INR
     92.00
 10/1/26
218,900
219
8
14
(6
)
Citibank NA
USD/INR
INR
     94.00
 9/10/26
9,400,000
9,400
12
42
(30
)
Bank of America NA
USD/CLP
CLP
    875.00
10/26/26
360,800
361
51
44
7
Bank of America NA
USD/CLP
CLP
    886.00
 1/27/27
3,325,000
3,325
45
40
5
Barclays Bank PLC
USD/KRW
KRW
  1,420.00
 9/17/26
2,000,000
2,000
18
26
(8
)
Citibank NA
USD/KRW
KRW
  1,420.00
 9/21/26
2,000,000
2,000
19
21
(2
)
JPMorgan Chase Bank NA
USD/KRW
KRW
  1,420.00
 9/28/26
3,000,000
3,000
31
25
6
Barclays Bank PLC
USD/KRW
KRW
  1,425.00
 10/1/26
4,000,000
4,000
49
46
3
JPMorgan Chase Bank NA
USD/KRW
KRW
  1,440.00
  9/8/26
2,000,000
2,000
21
17
4
Standard Chartered Bank
USD/KRW
KRW
  1,440.00
 9/14/26
6,800,000
6,800
71
56
15
JPMorgan Chase Bank NA
USD/KRW
KRW
  1,440.00
 1/20/27
5,400,000
5,400
55
40
15
Citibank NA
USD/KRW
KRW
  1,440.00
 1/20/27
3,600,000
3,600
37
26
11
Barclays Bank PLC
USD/KRW
KRW
  1,450.00
12/18/26
1,957,000
1,957
57
22
35
 
 
    
           
         
$515
$641
$(126
)

 
Call Options Written:
The Fund had the following call options written open at July 31, 2026:
Counterparty
Description
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
(000)
Value
(000)
Premiums
Received
(000)
Unrealized
Appreciation
(Depreciation)
(000)
Barclays Bank PLC
USD/BRL
BRL
      7.00
 7/14/27
(6,303,000
)
$6,303
$(41
)
$(424
)
$383
Barclays Bank PLC
USD/KRW
KRW
  1,600.00
12/18/26
(1,957,000
)
1,957
(6
)
(19
)
13
BNP Paribas SA
EUR/HUF
HUF
    414.70
 7/18/28
(132,000
)
132
(3
)
(2
)
(1
)
Citibank NA
USD/INR
INR
    100.00
 9/10/26
(9,400,000
)
9,400
(3
)
(20
)
17

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Call Options Written: (cont'd)
 
Counterparty
Description
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
(000)
Value
(000)
Premiums
Received
(000)
Unrealized
Appreciation
(Depreciation)
(000)
JPMorgan Chase Bank NA
EUR/HUF
HUF
    399.60
 7/13/28
(263,000
)
$263
$(9
)
$(7
)
$(2
)
JPMorgan Chase Bank NA
EUR/HUF
HUF
    400.76
  6/8/28
(1,099,000
)
1,099
(35
)
(27
)
(8
)
JPMorgan Chase Bank NA
EUR/HUF
HUF
    397.40
  6/7/28
(1,099,000
)
1,099
(37
)
(28
)
(9
)
JPMorgan Chase Bank NA
EUR/HUF
HUF
    397.40
 6/29/28
(4,972,000
)
4,972
(174
)
(117
)
(57
)
 
 
    
           
         
$(308
)
$(644
)
$336

 
Put Options Written:
The Fund had the following put options written open at July 31, 2026:
Counterparty
Description
Strike
Price
Expiration
Date
Number of
Contracts
Notional
Amount
(000)

Value
(000)
Premiums
Received
(000)
Unrealized
Appreciation
(000)
JPMorgan Chase Bank NA
EUR/HUF
HUF
    348.10
  6/7/28
(1,099,000
)
$(1,099
)
$(12
)
$(28
)
$16
JPMorgan Chase Bank NA
EUR/HUF
HUF
    350.30
 6/29/28
(4,972,000
)
(4,972
)
(64
)
(116
)
52
JPMorgan Chase Bank NA
EUR/HUF
HUF
    350.40
  6/8/28
(1,099,000
)
(1,099
)
(14
)
(27
)
13
BNP Paribas SA
EUR/HUF
HUF
    351.90
 7/18/28
(132,000
)
(132
)
(2
)
(3
)
1
JPMorgan Chase Bank NA
EUR/HUF
HUF
    353.10
 7/13/28
(263,000
)
(263
)
(4
)
(5
)
1
 
 
    
           
         
$(96
)
$(179
)
$83

 
Futures Contracts:
The Fund had the following futures contracts open at July 31, 2026:
 
Number of
Contracts
Expiration
Date
Notional
Amount
(000)
Value
(000)
Unrealized
Appreciation
(000)
Short:
 
 
 
 
U.S. Treasury 5 yr. Note (United States)
12
9/30/26
$
(1,200
)
$(1,272
)
$10
U.S. Treasury 10 yr. Note (United States)
47
9/21/26
 
(4,700
)
(5,076
)
44
U.S. Treasury Long Bond (United States)
1
9/21/26
 
(100
)
(108
)
2
 
 
 
 
 
$56

 
Interest Rate Swaptions Purchased:
The Fund had the following interest rate swaptions purchased open at July 31, 2026:
 
 
 
 
 
Description
Counterparty
Notional Amount
Expiration
Date
Value
(000)
Option to enter into interest rate swap expiring 6/11/27 to
pay 3 Month JIBAR and receive 7.86%
JPMorgan Chase Bank NA
ZAR
68,084,000
 6/14/27
$82
Option to enter into interest rate swap expiring 6/11/27 to
pay 3 Month JIBAR and receive 8.02%
JPMorgan Chase Bank NA
ZAR
97,473,000
 6/11/27
99

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Interest Rate Swaptions Purchased: (cont'd)
The Fund had the following interest rate swaptions purchased open at July 31, 2026:
 
 
 
 
 
Description
Counterparty
Notional
Amount
Expiration
Date
Value
(000)
Option to enter into interest rate swap expiring 6/11/27 to
pay 6 Month WIBOR and receive 4.47%
JPMorgan Chase Bank NA
PLN
10,857,000
 6/21/27
$69
Option to enter into interest rate swap expiring 6/9/27 to
pay 3 Month JIBAR and receive 8.09%
JPMorgan Chase Bank NA
ZAR
97,133,000
  6/9/27
90
Option to enter into interest rate swap expiring 6/9/27 to
pay 6 Month WIBOR and receive 4.88%
JPMorgan Chase Bank NA
PLN
18,754,000
  6/9/27
54
 
 
    
           
         
$394

 
Centrally Cleared Interest Rate Swap Agreements:
The Fund had the following centrally cleared interest rate swap agreements open at July 31, 2026:
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid/
Received
Maturity
Date
Notional
Amount
(000)
Value
(000)
Upfront
Payment
Paid
(000)
Unrealized
Appreciation
(Depreciation)
(000)
1 Month TIIE
Pay
6.93%
Monthly/Monthly
12/15/27
MXN
  285,000
$14
$—
$14
1 Month TIIE
Pay
7.04%
Monthly/Monthly
3/9/28
 
   32,630
2
—
2
1 Month TIIE
Pay
7.06%
Monthly/Monthly
3/7/28
 
   33,000
3
—
3
1 Month TIIE
Pay
7.19%
Monthly/Monthly
7/26/28
 
   55,000
4
—
4
1 Month TIIE
Pay
7.27%
Monthly/Monthly
5/2/28
 
   76,005
18
—
18
1 Month TIIE
Pay
7.28%
Monthly/Monthly
9/14/28
 
    4,400
—@
—
—@
1 Month TIIE
Pay
7.30%
Monthly/Monthly
12/9/27
 
  300,300
102
—
102
1 Month TIIE
Pay
7.34%
Monthly/Monthly
9/14/28
 
   25,000
3
—
3
1 Month TIIE
Pay
7.40%
Monthly/Monthly
9/14/28
 
   49,000
10
—
10
3 Month KLIBOR
Receive
3.70%
Quarterly/Quarterly
9/17/31
MYR
    8,900
1
—
1
3 Month KLIBOR
Receive
3.70%
Quarterly/Quarterly
9/17/31
 
    7,300
1
—
1
3 Month KLIBOR
Receive
3.65%
Quarterly/Quarterly
6/18/31
 
    1,610
1
—
1
3 Month KLIBOR
Receive
3.64%
Quarterly/Quarterly
6/18/31
 
    1,030
—@
—
—@
3 Month KLIBOR
Receive
3.64%
Quarterly/Quarterly
6/18/31
 
    2,270
1
—
1
3 Month KLIBOR
Receive
3.64%
Quarterly/Quarterly
6/18/31
 
    1,505
1
—
1
3 Month KLIBOR
Receive
3.63%
Quarterly/Quarterly
6/18/31
 
    1,880
1
—
1
3 Month KLIBOR
Receive
3.63%
Quarterly/Quarterly
6/18/31
 
    1,950
1
—
1
3 Month KLIBOR
Receive
3.63%
Quarterly/Quarterly
6/18/31
 
    1,600
1
—
1
3 Month KLIBOR
Receive
3.63%
Quarterly/Quarterly
6/18/31
 
    2,430
1
—
1
3 Month KLIBOR
Receive
3.63%
Quarterly/Quarterly
6/18/31
 
    2,930
2
—
2
3 Month KLIBOR
Receive
3.63%
Quarterly/Quarterly
6/18/31
 
    1,620
1
—
1
3 Month KLIBOR
Receive
3.62%
Quarterly/Quarterly
6/18/31
 
    2,210
2
—
2
3 Month KLIBOR
Receive
3.61%
Quarterly/Quarterly
6/18/31
 
    2,010
2
—
2
3 Month KLIBOR
Receive
3.61%
Quarterly/Quarterly
6/18/31
 
    6,000
5
—
5
3 Month KLIBOR
Receive
3.61%
Quarterly/Quarterly
6/18/31
 
    3,000
2
—
2
3 Month KLIBOR
Receive
3.61%
Quarterly/Quarterly
6/18/31
 
    3,000
2
—
2
3 Month KLIBOR
Receive
3.61%
Quarterly/Quarterly
6/18/31
 
    3,000
2
—
2

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Centrally Cleared Interest Rate Swap Agreements: (cont'd)
 
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid/
Received
Maturity
Date
Notional
Amount
(000)
Value
(000)
Upfront
Payment
Paid
(000)
Unrealized
Appreciation
(Depreciation)
(000)
3 Month KLIBOR
Receive
3.61%
Quarterly/Quarterly
6/18/31
 
    3,541
$3
$—
$3
3 Month KLIBOR
Receive
3.61%
Quarterly/Quarterly
6/18/31
 
    4,000
3
—
3
3 Month KLIBOR
Receive
3.60%
Quarterly/Quarterly
6/18/31
 
    6,000
5
—
5
3 Month KLIBOR
Receive
3.59%
Quarterly/Quarterly
6/18/31
 
    6,000
6
—
6
3 Month KLIBOR
Receive
3.59%
Quarterly/Quarterly
6/18/31
 
    4,000
4
—
4
3 Month KLIBOR
Receive
3.59%
Quarterly/Quarterly
6/18/31
 
    4,764
5
—
5
3 Month KLIBOR
Receive
3.58%
Quarterly/Quarterly
6/18/31
 
    7,000
8
—
8
3 Month KLIBOR
Receive
3.58%
Quarterly/Quarterly
6/18/31
 
    3,000
3
—
3
3 Month KLIBOR
Pay
3.18%
Quarterly/Quarterly
9/17/30
 
   28,000
(129
)
—
(129
)
3 Month KLIBOR
Pay
3.18%
Quarterly/Quarterly
12/17/30
 
   11,000
(55
)
—
(55
)
3 Month KLIBOR
Pay
3.33%
Quarterly/Quarterly
12/17/30
 
    6,200
(21
)
—
(21
)
3 Month KLIBOR
Pay
3.37%
Quarterly/Quarterly
3/18/31
 
    3,800
(12
)
—
(12
)
3 Month KLIBOR
Pay
3.40%
Quarterly/Quarterly
3/18/31
 
    6,900
(20
)
—
(20
)
3 Month KLIBOR
Pay
3.52%
Quarterly/Quarterly
6/18/31
 
    5,500
(10
)
—
(10
)
3 Month KLIBOR
Pay
3.54%
Quarterly/Quarterly
3/18/31
 
    3,800
(5
)
—
(5
)
3 Month KLIBOR
Pay
3.54%
Quarterly/Quarterly
6/18/31
 
    6,000
(10
)
—
(10
)
3 Month KLIBOR
Pay
3.59%
Quarterly/Quarterly
9/17/31
 
    7,200
(10
)
—
(10
)
3 Month KSDA
Pay
3.38%
Quarterly/Quarterly
3/18/31
KRW
9,125,000
(148
)
—
(148
)
3 Month KSDA
Pay
3.41%
Quarterly/Quarterly
3/18/31
 
3,049,000
(46
)
—
(46
)
3 Month KSDA
Pay
3.44%
Quarterly/Quarterly
3/18/31
 
3,316,000
(47
)
—
(47
)
3 Month KSDA
Pay
3.44%
Quarterly/Quarterly
3/18/31
 
1,524,000
(21
)
—
(21
)
3 Month KSDA
Pay
3.44%
Quarterly/Quarterly
3/18/31
 
3,659,000
(52
)
—
(52
)
3 Month KSDA
Pay
3.45%
Quarterly/Quarterly
3/18/31
 
3,659,000
(51
)
—
(51
)
3 Month KSDA
Pay
3.47%
Quarterly/Quarterly
3/18/31
 
2,491,800
(33
)
—
(33
)
3 Month KSDA
Pay
3.47%
Quarterly/Quarterly
3/18/31
 
1,524,200
(20
)
—
(20
)
3 Month KSDA
Pay
3.99%
Quarterly/Quarterly
6/17/31
 
  639,000
2
—
2
3 Month KSDA
Pay
4.03%
Quarterly/Quarterly
6/17/31
 
  976,000
4
—
4
3 Month KSDA
Pay
4.05%
Quarterly/Quarterly
6/17/31
 
1,276,000
6
—
6
3 Month WIBOR
Receive
4.61%
Annual/Quarterly
9/9/32
PLN
   81,200
33
—
33
3 Month WIBOR
Receive
4.49%
Annual/Quarterly
8/12/32
 
   18,919
17
—
17
6 Month BIBOR
Receive
5.16%
Annual/Semi-
Annual
9/16/31
HUF
  302,000
5
—
5
6 Month CLICP
Receive
4.97%
Semi-Annual/Semi-
Annual
9/16/31
CLP
1,558,000
18
—
18
6 Month CLICP
Pay
4.72%
Semi-Annual/Semi-
Annual
3/18/31
 
  711,000
(13
)
—
(13
)
6 Month CLICP
Pay
4.75%
Semi-Annual/Semi-
Annual
6/18/30
 
5,150,000
(63
)
—
(63
)
6 Month CLICP
Pay
4.79%
Semi-Annual/Semi-
Annual
6/21/29
 
2,750,000
(14
)
—
(14
)
6 Month PRIBOR
Receive
4.62%
Annual/Semi-
Annual
6/17/36
CZK
   47,110
(—@
)
—
(—@
)

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Centrally Cleared Interest Rate Swap Agreements: (cont'd)
 
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid/
Received
Maturity
Date
Notional
Amount
(000)
Value
(000)
Upfront
Payment
Paid
(000)
Unrealized
Appreciation
(Depreciation)
(000)
6 Month PRIBOR
Receive
4.35%
Annual/Semi-
Annual
9/16/31
 
   27,300
$11
$—
$11
6 Month PRIBOR
Pay
3.49%
Semi-Annual/
Annual
6/18/30
 
   32,140
(54
)
—
(54
)
6 Month PRIBOR
Pay
3.60%
Semi-Annual/
Annual
3/18/31
 
   20,150
(36
)
—
(36
)
6 Month PRIBOR
Pay
3.66%
Semi-Annual/
Annual
9/17/30
 
   49,170
(29
)
—
(29
)
6 Month PRIBOR
Pay
3.76%
Semi-Annual/
Annual
9/18/29
 
  259,000
(3
)
—
(3
)
6 Month PRIBOR
Pay
3.83%
Semi-Annual/
Annual
3/18/31
 
   19,400
(25
)
—
(25
)
6 Month PRIBOR
Pay
3.85%
Semi-Annual/
Annual
12/17/30
 
   23,820
(6
)
—
(6
)
6 Month PRIBOR
Pay
3.96%
Semi-Annual/
Annual
9/20/33
 
   49,943
(37
)
—
(37
)
6 Month PRIBOR
Pay
3.96%
Semi-Annual/
Annual
9/20/33
 
   20,700
(15
)
—
(15
)
6 Month PRIBOR
Pay
4.15%
Semi-Annual/
Annual
9/20/28
 
   37,900
33
—
33
6 Month PRIBOR
Pay
4.29%
Semi-Annual/
Annual
6/17/31
 
   32,500
(13
)
—
(13
)
6 Month PRIBOR
Pay
4.33%
Semi-Annual/
Annual
12/20/33
 
       30
—@
—
—@
6 Month WIBOR
Receive
4.95%
Annual/Semi-
Annual
6/17/36
PLN
    3,214
(17
)
—
(17
)
6 Month WIBOR
Receive
4.91%
Annual/Semi-
Annual
6/17/36
 
    5,696
(25
)
—
(25
)
6 Month WIBOR
Receive
4.70%
Annual/Semi-
Annual
6/17/31
 
   34,133
(135
)
—
(135
)
6 Month WIBOR
Receive
4.34%
Annual/Semi-
Annual
6/18/35
 
   15,735
95
—
95
6 Month WIBOR
Receive
4.31%
Annual/Semi-
Annual
6/18/35
 
    3,054
20
—
20
6 Month WIBOR
Receive
4.20%
Annual/Semi-
Annual
9/16/31
 
    4,800
12
—
12
6 Month WIBOR
Pay
4.17%
Semi-Annual/
Annual
6/17/31
 
    2,522
(6
)
—
(6
)
6 Month WIBOR
Pay
4.18%
Semi-Annual/
Annual
6/17/31
 
    4,113
(9
)
—
(9
)
6 Month WIBOR
Pay
4.24%
Semi-Annual/
Annual
6/17/31
 
    8,424
(12
)
—
(12
)
6 Month WIBOR
Pay
4.24%
Semi-Annual/
Annual
6/17/31
 
   19,000
(30
)
—
(30
)

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Centrally Cleared Interest Rate Swap Agreements: (cont'd)
 
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid/
Received
Maturity
Date
Notional
Amount
(000)
Value
(000)
Upfront
Payment
Paid
(000)
Unrealized
Appreciation
(Depreciation)
(000)
6 Month WIBOR
Pay
4.25%
Semi-Annual/
Annual
6/17/31
 
    2,841
$(4
)
$—
$(4
)
6 Month WIBOR
Pay
4.38%
Semi-Annual/
Annual
12/17/35
 
   10,800
(—@
)
—
(—@
)
6 Month WIBOR
Pay
4.59%
Semi-Annual/
Annual
8/12/32
 
   18,919
(15
)
—
(15
)
6 Month WIBOR
Pay
4.71%
Semi-Annual/
Annual
9/9/32
 
   81,200
(27
)
—
(27
)
6 Month WIBOR
Pay
5.02%
Semi-Annual/
Annual
9/18/29
 
    7,600
107
—
107
6 Month WIBOR
Pay
5.16%
Semi-Annual/
Annual
6/21/28
 
   17,000
88
—
88
6 Month WIBOR
Pay
5.26%
Semi-Annual/
Annual
6/12/28
 
   40,000
228
—
228
6 Month WIBOR
Pay
5.42%
Semi-Annual/
Annual
6/19/29
 
   13,500
120
—
120
BRL-CDI
Pay
9.70%
Maturity/Maturity
1/4/27
BRL
   20,700
(492
)
—
(492
)
BRL-CDI
Pay
9.88%
Maturity/Maturity
1/4/27
 
   15,600
(345
)
—
(345
)
BRL-CDI
Pay
10.78%
Maturity/Maturity
1/4/27
 
    7,060
(110
)
—
(110
)
BRL-CDI
Pay
11.65%
Maturity/Maturity
1/4/27
 
    6,800
(73
)
—
(73
)
BRL-CDI
Pay
12.75%
Maturity/Maturity
1/2/29
 
    6,200
(74
)
—
(74
)
BRL-CDI
Pay
12.96%
Maturity/Maturity
1/2/29
 
   28,700
(188
)
—
(188
)
BRL-CDI
Pay
12.97%
Maturity/Maturity
1/2/31
 
    3,064
(36
)
—
(36
)
BRL-CDI
Pay
13.02%
Maturity/Maturity
1/2/29
 
   10,040
(87
)
—
(87
)
BRL-CDI
Pay
13.03%
Maturity/Maturity
1/2/31
 
    4,000
(45
)
—
(45
)
BRL-CDI
Pay
13.18%
Maturity/Maturity
1/2/29
 
   18,380
(137
)
—
(137
)
BRL-CDI
Pay
13.19%
Maturity/Maturity
1/2/31
 
    6,900
(62
)
—
(62
)
BRL-CDI
Pay
13.20%
Maturity/Maturity
1/2/29
 
   13,712
(93
)
—
(93
)
BRL-CDI
Pay
13.30%
Maturity/Maturity
1/2/31
 
    4,982
(51
)
—
(51
)
BRL-CDI
Pay
13.51%
Maturity/Maturity
1/2/29
 
   13,456
(77
)
—
(77
)
BRL-CDI
Pay
13.53%
Maturity/Maturity
1/2/31
 
    8,897
(51
)
—
(51
)
BRL-CDI
Pay
14.78%
Maturity/Maturity
1/4/27
 
   16,670
22
—
22
BRL-CDI
Pay
15.23%
Maturity/Maturity
1/4/27
 
   16,500
63
—
63
CNRR
Pay
1.39%
Quarterly/Quarterly
6/18/30
CNY
   25,942
(7
)
—
(7
)
CNRR
Pay
1.44%
Quarterly/Quarterly
3/19/30
 
   15,550
—@
—
—@
CNRR
Pay
1.45%
Quarterly/Quarterly
9/16/31
 
    3,918
(—@
)
—
(—@
)
CNRR
Pay
1.45%
Quarterly/Quarterly
9/16/31
 
    5,650
(1
)
—
(1
)
CNRR
Pay
1.45%
Quarterly/Quarterly
9/16/31
 
    5,410
(1
)
—
(1
)
CNRR
Pay
1.46%
Quarterly/Quarterly
3/19/30
 
   12,650
2
—
2
CNRR
Pay
1.46%
Quarterly/Quarterly
9/17/30
 
   20,210
2
—
2
CNRR
Pay
1.46%
Quarterly/Quarterly
9/16/31
 
   10,582
(1
)
—
(1
)
CNRR
Pay
1.48%
Quarterly/Quarterly
6/18/30
 
   17,350
4
—
4

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Centrally Cleared Interest Rate Swap Agreements: (cont'd)
 
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid/
Received
Maturity
Date
Notional
Amount
(000)
Value
(000)
Upfront
Payment
Paid
(000)
Unrealized
Appreciation
(Depreciation)
(000)
CNRR
Pay
1.48%
Quarterly/Quarterly
9/17/30
 
   23,940
$5
$—
$5
CNRR
Pay
1.50%
Quarterly/Quarterly
3/19/30
 
   24,200
9
—
9
CNRR
Pay
1.52%
Quarterly/Quarterly
6/17/31
 
   32,870
14
—
14
CNRR
Pay
1.55%
Quarterly/Quarterly
6/17/31
 
   23,796
15
—
15
CNRR
Pay
1.56%
Quarterly/Quarterly
9/17/30
 
   14,400
10
—
10
CNRR
Pay
1.57%
Quarterly/Quarterly
12/17/30
 
    9,460
7
—
7
CNRR
Pay
1.58%
Quarterly/Quarterly
12/17/30
 
    4,990
4
—
4
CNRR
Pay
1.59%
Quarterly/Quarterly
12/17/30
 
    5,600
5
—
5
CNRR
Pay
1.59%
Quarterly/Quarterly
12/17/30
 
  126,600
112
—
112
CNRR
Pay
1.61%
Quarterly/Quarterly
9/17/30
 
   20,750
21
—
21
CNRR
Pay
1.62%
Quarterly/Quarterly
3/18/31
 
   12,000
13
—
13
CNRR
Pay
1.63%
Quarterly/Quarterly
3/18/31
 
   84,400
97
—
97
CNRR
Pay
1.64%
Quarterly/Quarterly
12/17/30
 
   10,448
12
—
12
CNRR
Pay
1.73%
Quarterly/Quarterly
12/18/29
 
    9,000
14
—
14
CNRR
Pay
2.03%
Quarterly/Quarterly
9/18/29
 
   14,100
40
—
40
CNRR
Pay
2.12%
Quarterly/Quarterly
6/19/29
 
   13,600
42
—
42
CNRR
Pay
2.39%
Quarterly/Quarterly
12/20/28
 
   17,330
59
—
59
CNRR
Pay
2.42%
Quarterly/Quarterly
12/21/27
 
  134,000
275
—
275
CNRR
Pay
2.44%
Quarterly/Quarterly
12/20/28
 
   89,100
316
—
316
CPIBR
Receive
10.20%
Quarterly/Quarterly
9/16/31
COP
2,312,000
6
—
6
MIBOR
Receive
6.45%
Semi-Annual/Semi-
Annual
9/16/31
INR
  101,000
(1
)
—
(1
)
MIBOR
Receive
6.44%
Semi-Annual/Semi-
Annual
9/16/31
 
   92,740
(1
)
—
(1
)
MIBOR
Pay
5.66%
Semi-Annual/Semi-
Annual
9/17/30
 
  215,300
(48
)
—
(48
)
MIBOR
Pay
5.69%
Semi-Annual/Semi-
Annual
9/17/30
 
  280,000
(62
)
—
(62
)
MIBOR
Pay
5.71%
Semi-Annual/Semi-
Annual
9/17/30
 
  785,000
(167
)
—
(167
)
MIBOR
Pay
5.77%
Semi-Annual/Semi-
Annual
9/17/30
 
  200,000
(38
)
—
(38
)
MIBOR
Pay
5.91%
Semi-Annual/Semi-
Annual
12/18/29
 
  400,000
(39
)
—
(39
)
MIBOR
Pay
5.93%
Semi-Annual/Semi-
Annual
3/18/31
 
  233,010
(37
)
—
(37
)
MIBOR
Pay
5.94%
Semi-Annual/Semi-
Annual
12/18/29
 
  600,000
(54
)
—
(54
)
MIBOR
Pay
5.95%
Semi-Annual/Semi-
Annual
6/18/30
 
  390,000
(44
)
—
(44
)
MIBOR
Pay
5.98%
Semi-Annual/Semi-
Annual
3/18/31
 
  250,000
(33
)
—
(33
)

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)

Centrally Cleared Interest Rate Swap Agreements: (cont'd)
 
Floating
Rate
Index
Pay/
Receive
Floating
Rate
Fixed
Rate
Payment
Frequency
Paid/
Received
Maturity
Date
Notional
Amount
(000)
Value
(000)
Upfront
Payment
Paid
(000)
Unrealized
Appreciation
(Depreciation)
(000)
MIBOR
Pay
6.01%
Semi-Annual/Semi-
Annual
12/18/29
 
  334,000
$(23
)
$—
$(23
)
MIBOR
Pay
6.03%
Semi-Annual/Semi-
Annual
12/18/29
 
  430,000
(26
)
—
(26
)
MIBOR
Pay
6.07%
Semi-Annual/Semi-
Annual
3/19/30
 
  110,500
(4
)
—
(4
)
MIBOR
Pay
6.12%
Semi-Annual/Semi-
Annual
3/18/31
 
  295,600
(22
)
—
(22
)
MIBOR
Pay
6.26%
Semi-Annual/Semi-
Annual
3/20/29
 
  970,400
49
—
49
MIBOR
Pay
6.28%
Semi-Annual/Semi-
Annual
12/18/29
 
  312,000
7
—
7
THOR
Receive
1.75%
Quarterly/Quarterly
9/16/31
THB
   20,978
1
—
1
THOR
Receive
1.75%
Quarterly/Quarterly
9/16/31
 
   27,454
2
—
2
THOR
Receive
1.74%
Quarterly/Quarterly
9/16/31
 
   24,068
2
—
2
THOR
Pay
1.26%
Quarterly/Quarterly
9/17/30
 
  158,000
(70
)
—
(70
)
THOR
Pay
1.41%
Quarterly/Quarterly
6/18/30
 
   25,220
(5
)
—
(5
)
THOR
Pay
1.45%
Quarterly/Quarterly
3/18/31
 
   28,800
(9
)
—
(9
)
THOR
Pay
1.47%
Quarterly/Quarterly
3/18/31
 
   25,340
(8
)
—
(8
)
THOR
Pay
1.48%
Quarterly/Quarterly
6/17/31
 
   18,276
(6
)
—
(6
)
THOR
Pay
1.75%
Quarterly/Quarterly
6/17/31
 
   35,100
2
—
2
THOR
Pay
2.68%
Quarterly/Quarterly
6/21/33
 
  120,000
190
—
190
THOR
Pay
2.70%
Quarterly/Quarterly
6/19/34
 
   68,480
112
—
112
 
 
 
 
 
 
 
$(1,353
)
$—
$(1,353
)

 
Total Return Swap Agreements:
The Fund had the following total return swap agreements open at July 31, 2026:
Swap Counterparty
Index
Pay/
Receive
Total Return
of Reference
Index
Floating Rate
Payment
Frequency
Maturity
Date
Notional
Amount
(000)
Value
(000)
Upfront
Payment
Paid
(000)
Unrealized
Depreciation
(000)
Citibank NA
Goldman Sachs
International
Receive
6 Month WIBOR
Semi-Annual
2/16/27
GHS
1,191
$(4
)
$—
$(4
)
JPMorgan Chase
Bank NA
Goldman Sachs
International
Receive
SOFR + 0.75%
Annual
3/16/27
$
3,079
(63
)
24
(39
)
 
 
 
 
 
 
 
 
$(67
)
$24
$(43
)

 
 
@
Value is less than $500.
 
BIBOR
Bangkok Interbank Offered Rate.
CDI
CHESS Depositary Interest.
CNH
Chinese Yuan Renminbi Offshore
JIBAR
Johannesburg Interbank Agreed Rate.
KLIBOR
Kuala Lumpur Interbank Offered Rate.
KSDA
Korea Securities Dealers Association.

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Portfolio of Investments (cont'd)
MIBOR
Mumbai Interbank Offered Rate.
PRIBOR
Prague Interbank Offered Rate.
SOFR
Secured Overnight Financing Rate.
THOR
Thai Overnight Repurchase Rate.
TIIE
Interbank Equilibrium Interest Rate.
WIBOR
Warsaw Interbank Offered Rate.
 
ALL
Albanian Lek
AMD
Armenian Dram
BRL
Brazilian Real
CLP
Chilean Peso
CNH
Chinese Yuan Renminbi Offshore
CNY
Chinese Yuan Renminbi
COP
Colombian Peso
CZK
Czech Koruna
DOP
Dominican Peso
EGP
Egyptian Pound
EUR
Euro
GHS
Ghanaian Cedi
HUF
Hungarian Forint
IDR
Indonesian Rupiah
INR
Indian Rupee
KES
Kenyan Shilling
KRW
South Korean Won
KZT
Kazakhstan Tenge
LKR
Sri Lankan Rupee
MNT
Mongolian Tugrik
MXN
Mexican Peso
MYR
Malaysian Ringgit
NGN
Nigerian Naira
PEN
Peruvian Nuevo Sol
PLN
Polish Zloty
PYG
Paraguay Guarani
RON
Romanian New Leu
RSD
Serbia Dinar
RUB
Russian Ruble
THB
Thai Baht
TRY
Turkish Lira
TWD
Taiwan Dollar
TZS
Tanzanian Schilling
UGX
Ugandan shilling
USD
United States Dollar
UYU
Uruguay Peso
UZS
Uzbekistan Som
VND
Viet Nam Dong
ZAR
South African Rand
ZMW
Zambian Kwacha

 
Portfolio Composition
Classification
Percentage of
Total Investments
Sovereign
78.9%
Short-Term Investments
15.5
Corporate Bonds
5.6
Total Investments
100.0%*
 
*
Does not include open futures contracts with a value of approximately
$6,456,000 and net unrealized appreciation of approximately $56,000.
Does not include open foreign currency forward exchange contracts with
net unrealized depreciation of approximately $1,213,000. Also does not
include open swap agreements with net unrealized depreciation of
approximately $1,396,000.

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Notes to the Portfolio of Investments
Security Valuation: (1) Fixed income securities may be valued by an outside pricing service/vendor approved by the Fund’s Board of Directors (“the Directors”). The pricing service/vendor may employ a pricing model that takes into account, among other things, bids, yield spreads and/or other market data and specific security characteristics. If Morgan Stanley Investment Management Inc. (the “Adviser”) or Morgan Stanley Investment Management Limited (“MSIM Limited”)(the “Sub-Adviser”), each a wholly-owned subsidiary of Morgan Stanley, determines that the price provided by the outside pricing service/vendor does not reflect the security’s fair value or the pricing service/vendor or exchange is unable to provide a price, prices from reputable brokers/dealers may also be utilized. In these circumstances, the value of the security will be the mean of bid and asked prices obtained from reputable brokers/dealers; (2) when market quotations are not readily available, as defined by Rule 2a-5 under the Act, including circumstances under which the Adviser or the Sub-Adviser determines that the closing price, last sale price or the mean between the last reported bid and asked prices are not reflective of a security’s market value, portfolio securities are valued at their fair value as determined in good faith under procedures approved by and under the general supervision of the Directors. Each business day, the Fund uses a third-party pricing service approved by the Directors to assist with the valuation of foreign equity securities. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that have a strong correlation to the fair-valued securities to more accurately reflect their fair value as of the close of regular trading on the NYSE; (3) listed options are valued at the last reported sales price on the exchange on which they are listed (or at the exchange official closing price if such exchange reports an official closing price). If an official closing price or last reported sales price is unavailable, the listed option should be fair valued at the mean between its latest bid and ask prices. Unlisted options are valued at the mean between their latest bid and ask prices from a broker/dealer or valued by a pricing service/vendor; (4) futures are valued at the settlement price on the exchange on which they trade or, if a settlement price is unavailable, at the last sale price on the exchange; (5) over-the-counter (“OTC”) swaps may be valued by an outside pricing service approved by the Directors or quotes from a broker/dealer. Swaps cleared on a clearinghouse or exchange may be valued using the closing price provided by the clearinghouse or exchange; (6) foreign exchange transactions (“spot contracts”) and foreign exchange forward contracts (“forward contracts”) are valued daily using an independent pricing vendor at the spot and forward rates, respectively, as of the close of the NYSE; and (7) investments in mutual funds, including the Morgan Stanley Institutional Liquidity Funds, are valued at the net asset value (“NAV”) as of the close of each business day.
In connection with Rule 2a-5 of the Act, the Directors have designated the Fund’s Adviser as its valuation designee. The valuation designee has responsibility for determining fair value and to make the actual calculations pursuant to the fair valuation methodologies previously approved by the Directors. Under procedures approved by the Directors, the Fund’s Adviser, as valuation designee, has formed a Valuation Committee whose members are approved by the Directors. The Valuation Committee provides administration and oversight of the Fund’s valuation policies and procedures, which are reviewed at least annually by the Directors. These procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Notes to the Portfolio of Investments (cont'd)
Fair Value Measurement: Financial Accounting Standards Board (“FASB”) ASC 820, “Fair Value Measurement” (“ASC 820”), defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in valuing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs); and (2) inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in valuing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Fund's investments. The inputs are summarized in the three broad levels listed below:
•Level 1 – unadjusted quoted prices in active markets for identical investments
•Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
•Level 3 – significant unobservable inputs including the Fund’s own assumptions in determining the fair value of investments. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuer's financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each security.

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Notes to the Portfolio of Investments (cont'd)
The following is a summary of the inputs used to value the Fund’s investments as of July 31, 2026: 
Investment Type
Level 1
Unadjusted
quoted
prices
(000)
Level 2
Other
significant
observable
inputs
(000)
Level 3
Significant
unobservable
inputs
(000)
Total
(000)
Assets:
Fixed Income Securities
Corporate Bonds
$—
$22,715
$—
$22,715
Sovereign
—
316,733
—
316,733
Total Fixed Income Securities
—
339,448
—
339,448
Short-Term Investments
U.S. Treasury Securities
—
13,131
—
13,131
Investment Company
21,823
—
—
21,823
Sovereign
—
27,150
—
27,150
Total Short-Term Investments
21,823
40,281
—
62,104
Call Options Purchased
—
—
@
—
—
@
Put Options Purchased
—
515
—
515
Foreign Currency Forward Exchange Contracts
—
12,420
—
12,420
Futures Contracts
56
—
—
56
Centrally Cleared Interest Rate Swap Agreements
—
2,553
—
2,553
OTC Interest Rate Swap Agreements
—
30
—
30
OTC Interest Rate Swaptions
—
394
—
394
Total Assets
21,879
395,641
—
417,520
Liabilities:
Call Options Written
—
(308
)
—
(308
)
Put Options Written
—
(96
)
—
(96
)
Foreign Currency Forward Exchange Contracts
—
(13,633
)
—
(13,633
)
Centrally Cleared Interest Rate Swap Agreements
—
(3,906
)
—
(3,906
)
OTC Interest Rate Swap Agreements
—
(203
)
—
(203
)
Total Return Swap Agreements
—
(43
)
—
(43
)
Total Liabilities
—
(18,189
)
—
(18,189
)
Total
$21,879
$377,452
$—
$399,331
 
@
Value is less than $500.
Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment’s valuation changes.

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Third Quarter Report — July 31, 2026 (unaudited)
Notes to the Portfolio of Investments (cont'd)
Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value: 
 
Fixed
Income
(000)
Beginning Balance
$2,152
Purchases
—
Sales
(2,134
)
Amortization of discount
28
Transfers in
—
Transfers out
—
Corporate actions
—
Change in unrealized appreciation (depreciation)
39
Realized gains (losses)
(85
)
Ending Balance
$—
Net change in unrealized appreciation (depreciation) from
investments still held as of July 31, 2026
$39