Anlageziel Morgan Stanley Liquidity Funds US Dollar Ultra Short Income Fund Qualified Accumulation Fonds

The Fund's investment objective is to provide liquidity and an attractive rate of income relative to short term interest rates, to the extent consistent with the preservation of capital. The Fund will seek to achieve its investment objective primarily by investing in high quality Money Market Instruments comprising transferable debt securities (which may include by way of example fixed or floating rate instruments including without limitation commercial paper, certificates of deposit, freely transferable promissory notes, government and corporate bonds and asset-backed commercial papers) that are denominated in US Dollars.