N-Q 1 a09-34120_10nq.htm QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-08388

 

 

MORGAN STANLEY ASIA-PACIFIC FUND, INC.

(Exact name of registrant as specified in charter)

 

522 FIFTH AVENUE NEW YORK, NY

 

10036

(Address of principal executive offices)

 

(Zip code)

 

RANDY TAKIAN

522 FIFTH AVENUE NEW YORK, NY, 10036

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:

1-800-231-2608

 

 

Date of fiscal year end:

12/31

 

 

 

 

Date of reporting period:

9/30/09

 

 


 

Item 1. Schedule of Investments.

 

The Fund’s schedule of investment as of the close of the reporting period prepared pursuant to Rule 12-12 Regulation S-X is as follows:

 


 

Morgan Stanley Asia-Pacific Fund, Inc.

Portfolio of Investments

Third Quarter Report

September 30, 2009 (unaudited)

 

 

 

Shares

 

Value
(000)

 

COMMON STOCKS (97.9%)

 

 

 

 

 

(Unless Otherwise Noted)

 

 

 

 

 

Australia (12.6%)

 

 

 

 

 

Airlines

 

 

 

 

 

Qantas Airways Ltd.

 

1,511,885

 

$

3,815

 

 

 

 

 

 

 

Biotechnology

 

 

 

 

 

CSL Ltd.

 

82,195

 

2,426

 

 

 

 

 

 

 

Chemicals

 

 

 

 

 

Incitec Pivot Ltd.

 

1,180,357

 

2,947

 

Nufarm Ltd.

 

143,709

 

1,439

 

 

 

 

 

4,386

 

Commercial Banks

 

 

 

 

 

Australia & New Zealand Banking Group Ltd.

 

202,152

 

4,350

 

Commonwealth Bank of Australia

 

63,420

 

2,895

 

National Australia Bank Ltd.

 

218,452

 

5,928

 

Westpac Banking Corp.

 

192,164

 

4,450

 

 

 

 

 

17,623

 

Construction & Engineering

 

 

 

 

 

Boart Longyear Group (a)

 

9,275,459

 

2,619

 

 

 

 

 

 

 

Diversified Financial Services

 

 

 

 

 

ASX Ltd.

 

132,033

 

4,100

 

 

 

 

 

 

 

Food & Staples Retailing

 

 

 

 

 

Woolworths Ltd.

 

104,267

 

2,691

 

 

 

 

 

 

 

Industrial Conglomerates

 

 

 

 

 

CSR Ltd.

 

1,171,704

 

1,943

 

 

 

 

 

 

 

Information Technology Services

 

 

 

 

 

Computershare Ltd.

 

347,873

 

3,425

 

 

 

 

 

 

 

Insurance

 

 

 

 

 

QBE Insurance Group Ltd.

 

151,447

 

3,214

 

Suncorp-Metway Ltd.

 

314,500

 

2,464

 

 

 

 

 

5,678

 

Media

 

 

 

 

 

Fairfax Media Ltd.

 

3,966,621

 

6,001

 

 

 

 

 

 

 

Metals & Mining

 

 

 

 

 

BHP Billiton Ltd.

 

90,780

 

3,022

 

BlueScope Steel Ltd.

 

1,131,951

 

2,926

 

OneSteel Ltd.

 

1,115,742

 

2,982

 

 

 

 

 

8,930

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

Billabong International Ltd.

 

485,428

 

5,139

 

 

 

 

 

68,776

 

China (12.4%)

 

 

 

 

 

Automobiles

 

 

 

 

 

Dongfeng Motor Group Co., Ltd., Class H

 

3,635,000

 

3,865

 

 

 

 

 

 

 

Commercial Banks

 

 

 

 

 

Bank of China Ltd., Class H

 

9,646,900

 

5,079

 

China Citic Bank, Class H

 

4,157,000

 

2,741

 

China Construction Bank Corp., Class H

 

12,146,000

 

9,701

 

Industrial & Commercial Bank of China, Class H

 

5,834,000

 

4,396

 

 

 

 

 

21,917

 

Construction Materials

 

 

 

 

 

Anhui Conch Cement Co., Ltd., Class H

 

499,000

 

3,326

 

 

 

 

 

 

 

Diversified Telecommunication Services

 

 

 

 

 

China Communications Services Corp., Ltd., Class H

 

1,112,000

 

608

 

 

 

 

 

 

 

Energy Equipment & Services

 

 

 

 

 

China Oilfield Services Ltd., Class H

 

808,000

 

754

 

 

 

 

 

 

 

Health Care Providers & Services

 

 

 

 

 

Sinopharm Group Co., Class H (a)

 

54,400

 

138

 

 

 

 

 

 

 

Independent Power Producers & Energy Traders

 

 

 

 

 

Datang International Power Generation Co., Ltd., Class H

 

1,346,000

 

703

 

 

 

 

 

 

 

Industrial Conglomerates

 

 

 

 

 

Beijing Enterprises Holdings Ltd.

 

266,500

 

1,412

 

Shanghai Industrial Holdings Ltd.

 

678,000

 

3,057

 

 

 

 

 

4,469

 

Insurance

 

 

 

 

 

China Life Insurance Co., Ltd., Class H

 

1,393,000

 

6,066

 

Ping An Insurance Group Co. of China Ltd., Class H

 

480,000

 

3,809

 

 

 

 

 

9,875

 

Metals & Mining

 

 

 

 

 

China Zhongwang Holdings Ltd. (a)

 

2,243,200

 

2,205

 

 

 

 

 

 

 

Oil, Gas & Consumable Fuels

 

 

 

 

 

PetroChina Co., Ltd., Class H

 

4,816,000

 

5,444

 

 

 

 

 

 

 

Real Estate Management & Development

 

 

 

 

 

Sino-Ocean Land Holdings Ltd.

 

1,322,500

 

1,198

 

 

 

 

 

 

 

Specialty Retail

 

 

 

 

 

Belle International Holdings Ltd.

 

2,196,000

 

2,255

 

GOME Electrical Appliances Holdings Ltd. (a)

 

15,730,340

 

4,202

 

 

 

 

 

6,457

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

361 Degrees International Ltd. (a)

 

416,000

 

209

 

China Dongxiang Group Co.

 

1,488,400

 

993

 

 

 

 

 

1,202

 

Wireless Telecommunication Services

 

 

 

 

 

China Mobile Ltd.

 

591,000

 

5,765

 

 

 

 

 

67,926

 

Hong Kong (5.0%)

 

 

 

 

 

Commercial Banks

 

 

 

 

 

BOC Hong Kong Holdings Ltd.

 

766,000

 

1,680

 

Hang Seng Bank Ltd.

 

99,900

 

1,440

 

 

 

 

 

3,120

 

Construction Materials

 

 

 

 

 

China Resources Cement Holdings Ltd. (a)

 

216,000

 

110

 

 

 

 

 

 

 

Distributors

 

 

 

 

 

Li & Fung Ltd.

 

496,000

 

2,000

 

 


 

Morgan Stanley Asia-Pacific Fund, Inc.

Portfolio of Investments

Third Quarter Report

September 30, 2009 (unaudited)

 

 

 

Shares

 

Value
(000)

 

Hong Kong (cont'd)

 

 

 

 

 

Electric Utilities

 

 

 

 

 

Cheung Kong Infrastructure Holdings Ltd.

 

114,000

 

$

408

 

CLP Holdings Ltd.

 

61,500

 

417

 

 

 

 

 

825

 

Gas Utilities

 

 

 

 

 

Hong Kong & China Gas Co., Ltd.

 

191,000

 

483

 

 

 

 

 

 

 

Hotels, Restaurants & Leisure

 

 

 

 

 

Wynn Macau Ltd. (a)

 

539,600

 

709

 

 

 

 

 

 

 

Independent Power Producers & Energy Traders

 

 

 

 

 

China Resources Power Holdings Co., Ltd.

 

895,400

 

2,082

 

 

 

 

 

 

 

Industrial Conglomerates

 

 

 

 

 

Hutchison Whampoa Ltd.

 

139,000

 

1,003

 

 

 

 

 

 

 

Metals & Mining

 

 

 

 

 

Fushan International Energy Group Ltd. (a)

 

2,176,000

 

1,460

 

 

 

 

 

 

 

Real Estate Management & Development

 

 

 

 

 

Cheung Kong Holdings Ltd.

 

176,000

 

2,234

 

China Resources Land Ltd.

 

210,000

 

460

 

Hongkong Land Holdings Ltd.

 

385,000

 

1,675

 

Hopewell Holdings Ltd.

 

505,000

 

1,587

 

New World Development Ltd.

 

1,034,800

 

2,227

 

Shimao Property Holdings Ltd.

 

317,500

 

538

 

Swire Pacific Ltd., Class A

 

56,000

 

658

 

Wharf Holdings Ltd.

 

786,187

 

4,174

 

 

 

 

 

13,553

 

Specialty Retail

 

 

 

 

 

Esprit Holdings Ltd.

 

325,700

 

2,185

 

 

 

 

 

27,530

 

India (1.3%)

 

 

 

 

 

Automobiles

 

 

 

 

 

Hero Honda Motors Ltd.

 

64,675

 

2,248

 

 

 

 

 

 

 

Commercial Banks

 

 

 

 

 

HDFC Bank Ltd.

 

85,127

 

2,921

 

 

 

 

 

 

 

Electrical Equipment

 

 

 

 

 

Bharat Heavy Electricals Ltd.

 

43,416

 

2,102

 

 

 

 

 

7,271

 

Indonesia (3.9%)

 

 

 

 

 

Automobiles

 

 

 

 

 

Astra International Tbk PT

 

930,500

 

3,211

 

 

 

 

 

 

 

Commercial Banks

 

 

 

 

 

Bank Central Asia Tbk PT

 

5,020,500

 

2,402

 

Bank Mandiri Tbk PT

 

4,141,000

 

2,014

 

Bank Rakyat Indonesia Tbk PT

 

3,213,500

 

2,494

 

 

 

 

 

6,910

 

Construction Materials

 

 

 

 

 

Indocement Tunggal Prakarsa Tbk PT

 

1,735,500

 

1,903

 

 

 

 

 

 

 

Diversified Telecommunication Services

 

 

 

 

 

Telekomunikasi Indonesia Tbk PT

 

4,701,500

 

4,208

 

 

 

 

 

 

 

Food Products

 

 

 

 

 

Indofood Sukses Makmur Tbk PT

 

1,438,500

 

450

 

 

 

 

 

 

 

Gas Utilities

 

 

 

 

 

Perusahaan Gas Negara PT

 

4,021,000

 

1,519

 

 

 

 

 

 

 

Oil, Gas & Consumable Fuels

 

 

 

 

 

Bumi Resources Tbk PT

 

9,857,500

 

3,289

 

 

 

 

 

21,490

 

Japan (45.5%)

 

 

 

 

 

Auto Components

 

 

 

 

 

Toyoda Gosei Co., Ltd.

 

60,300

 

1,763

 

 

 

 

 

 

 

Automobiles

 

 

 

 

 

Nissan Motor Co., Ltd. (a)

 

817,400

 

5,527

 

Suzuki Motor Corp.

 

238,700

 

5,571

 

Toyota Motor Corp.

 

193,600

 

7,700

 

Yamaha Motor Co., Ltd.

 

215,100

 

2,653

 

 

 

 

 

21,451

 

Building Products

 

 

 

 

 

Daikin Industries Ltd.

 

164,600

 

5,923

 

Nippon Sheet Glass Co., Ltd.

 

681,000

 

2,276

 

Sanwa Holdings Corp.

 

437,000

 

1,504

 

 

 

 

 

9,703

 

Chemicals

 

 

 

 

 

Daicel Chemical Industries Ltd.

 

719,000

 

4,341

 

Denki Kagaku Kogyo KK

 

926,000

 

3,817

 

Kaneka Corp.

 

553,000

 

3,974

 

Lintec Corp.

 

161,200

 

3,071

 

Mitsubishi Chemical Holdings Corp.

 

619,000

 

2,572

 

Nifco, Inc.

 

137,200

 

2,737

 

Shin-Etsu Polymer Co., Ltd.

 

275,300

 

1,969

 

Teijin Ltd.

 

912,000

 

2,845

 

Toyo Ink Manufacturing Co., Ltd.

 

489,000

 

1,830

 

 

 

 

 

27,156

 

Commercial Services & Supplies

 

 

 

 

 

Dai Nippon Printing Co., Ltd.

 

289,000

 

3,979

 

Nissha Printing Co., Ltd.

 

55,700

 

2,848

 

 

 

 

 

6,827

 

Computers & Peripherals

 

 

 

 

 

Fujitsu Ltd.

 

1,069,000

 

6,991

 

NEC Corp. (a)

 

1,152,000

 

3,619

 

Toshiba Corp. (a)

 

1,180,000

 

6,191

 

 

 

 

 

16,801

 

Construction & Engineering

 

 

 

 

 

Kyudenko Corp.

 

224,000

 

1,422

 

Maeda Road Construction Co., Ltd.

 

173,000

 

1,555

 

Obayashi Corp.

 

722,000

 

3,161

 

Sanki Engineering Co., Ltd.

 

128,000

 

1,074

 

 

 

 

 

7,212

 

Consumer Finance

 

 

 

 

 

Hitachi Capital Corp.

 

187,800

 

2,306

 

 

 

 

 

 

 

Diversified Telecommunication Services

 

 

 

 

 

Nippon Telegraph & Telephone Corp.

 

81,400

 

3,772

 

 

 

 

 

 

 

Electric Utilities

 

 

 

 

 

Tokyo Electric Power Co., Inc. (The)

 

71,500

 

1,876

 

 


 

Morgan Stanley Asia-Pacific Fund, Inc.

Portfolio of Investments

Third Quarter Report

September 30, 2009 (unaudited)

 

 

 

Shares

 

Value
(000)

 

Japan (cont’d)

 

 

 

 

 

Electrical Equipment

 

 

 

 

 

Furukawa Electric Co., Ltd.

 

951,000

 

$

3,867

 

 

 

 

 

 

 

Electronic Equipment, Instruments & Components

 

 

 

 

 

FUJIFILM Holdings Corp.

 

151,100

 

4,528

 

Hitachi High-Technologies Corp.

 

115,600

 

2,417

 

Hitachi Ltd. (a)

 

884,000

 

2,718

 

Kyocera Corp.

 

72,900

 

6,765

 

Mitsumi Electric Co., Ltd.

 

209,100

 

4,514

 

Ryosan Co., Ltd.

 

99,700

 

2,566

 

TDK Corp.

 

72,800

 

4,209

 

 

 

 

 

27,717

 

Food & Staples Retailing

 

 

 

 

 

FamilyMart Co., Ltd.

 

114,500

 

3,686

 

 

 

 

 

 

 

Food Products

 

 

 

 

 

House Foods Corp.

 

113,200

 

1,895

 

Nippon Meat Packers, Inc.

 

181,000

 

2,327

 

 

 

 

 

4,222

 

Household Durables

 

 

 

 

 

Casio Computer Co., Ltd.

 

343,400

 

2,804

 

Panasonic Corp.

 

437,500

 

6,448

 

Sekisui Chemical Co., Ltd.

 

579,000

 

3,367

 

Sekisui House Ltd.

 

330,000

 

2,978

 

Sony Corp.

 

119,300

 

3,529

 

 

 

 

 

19,126

 

Leisure Equipment & Products

 

 

 

 

 

Yamaha Corp.

 

211,400

 

2,501

 

 

 

 

 

 

 

Machinery

 

 

 

 

 

Amada Co., Ltd.

 

469,000

 

3,156

 

Daifuku Co., Ltd.

 

324,000

 

2,169

 

Fuji Machine Manufacturing Co., Ltd.

 

114,600

 

1,353

 

Fujitec Co., Ltd.

 

184,000

 

1,046

 

Kurita Water Industries Ltd.

 

133,200

 

4,778

 

Minebea Co., Ltd.

 

564,000

 

2,589

 

Mitsubishi Heavy Industries Ltd.

 

1,398,000

 

5,295

 

Tsubakimoto Chain Co.

 

589,000

 

2,408

 

 

 

 

 

22,794

 

Media

 

 

 

 

 

Toho Co., Ltd.

 

82,600

 

1,400

 

 

 

 

 

 

 

Metals & Mining

 

 

 

 

 

Mitsui Mining & Smelting Co., Ltd. (a)

 

931,000

 

2,385

 

Nippon Steel Corp.

 

383,000

 

1,400

 

 

 

 

 

3,785

 

Office Electronics

 

 

 

 

 

Canon, Inc.

 

204,500

 

8,270

 

Ricoh Co., Ltd.

 

435,000

 

6,338

 

 

 

 

 

14,608

 

Pharmaceuticals

 

 

 

 

 

Astellas Pharma, Inc.

 

153,500

 

6,310

 

Daiichi Sankyo Co., Ltd.

 

265,800

 

5,487

 

Ono Pharmaceutical Co., Ltd.

 

98,600

 

5,129

 

 

 

 

 

16,926

 

Road & Rail

 

 

 

 

 

East Japan Railway Co.

 

59,900

 

4,311

 

 

 

 

 

 

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

Rohm Co., Ltd.

 

60,500

 

4,233

 

 

 

 

 

 

 

Software

 

 

 

 

 

Nintendo Co., Ltd.

 

24,100

 

6,175

 

 

 

 

 

 

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

Nisshinbo Holdings, Inc.

 

225,000

 

2,394

 

 

 

 

 

 

 

Trading Companies & Distributors

 

 

 

 

 

Marubeni Corp.

 

558,000

 

2,816

 

Mitsubishi Corp.

 

372,200

 

7,530

 

Nagase & Co., Ltd.

 

190,000

 

2,349

 

 

 

 

 

12,695

 

 

 

 

 

249,307

 

Malaysia (0.9%)

 

 

 

 

 

Commercial Banks

 

 

 

 

 

CIMB Group Holdings Bhd

 

469,600

 

1,506

 

 

 

 

 

 

 

Construction & Engineering

 

 

 

 

 

IJM Corp. Bhd

 

682,150

 

887

 

 

 

 

 

 

 

Diversified Financial Services

 

 

 

 

 

AMMB Holdings Bhd

 

1,056,200

 

1,300

 

 

 

 

 

 

 

Electric Utilities

 

 

 

 

 

Tenaga Nasional Bhd

 

513,000

 

1,214

 

 

 

 

 

4,907

 

Philippines (0.6%)

 

 

 

 

 

Diversified Financial Services

 

 

 

 

 

Ayala Corp.

 

375,758

 

2,411

 

Metro Pacific Investments Corp. (a)

 

9,229,000

 

646

 

 

 

 

 

3,057

 

Singapore (1.5%)

 

 

 

 

 

Commercial Banks

 

 

 

 

 

DBS Group Holdings Ltd.

 

178,000

 

1,678

 

United Overseas Bank Ltd.

 

81,500

 

971

 

 

 

 

 

2,649

 

Diversified Financial Services

 

 

 

 

 

Singapore Exchange Ltd.

 

360,000

 

2,152

 

 

 

 

 

 

 

Diversified Telecommunication Services

 

 

 

 

 

Singapore Telecommunications Ltd.

 

701,000

 

1,617

 

 

 

 

 

 

 

Industrial Conglomerates

 

 

 

 

 

Keppel Corp. Ltd.

 

111,000

 

638

 

 

 

 

 

 

 

Media

 

 

 

 

 

Singapore Press Holdings Ltd.

 

133,000

 

364

 

 

 

 

 

 

 

Real Estate Management & Development

 

 

 

 

 

CapitaLand Ltd.

 

125,000

 

330

 

 

 

 

 

 

 

Transportation Infrastructure

 

 

 

 

 

CWT Ltd.

 

1,451,000

 

675

 

 

 

 

 

8,425

 

South Korea (7.9%)

 

 

 

 

 

Automobiles

 

 

 

 

 

Hyundai Motor Co.

 

5,696

 

539

 

 

 

 

 

 

 

Chemicals

 

 

 

 

 

Cheil Industries, Inc.

 

40

 

2

 

LG Chem Ltd.

 

14,802

 

2,751

 

OCI Co., Ltd.

 

12,651

 

2,834

 

SSCP Co., Ltd. (a)

 

71,730

 

530

 

 

 

 

 

6,117

 

 


 

Morgan Stanley Asia-Pacific Fund, Inc.

Portfolio of Investments

Third Quarter Report

September 30, 2009 (unaudited)

 

 

 

Shares

 

Value
(000)

 

South Korea (cont’d)

 

 

 

 

 

Commercial Banks

 

 

 

 

 

Hana Financial Group, Inc.

 

68,490

 

$

2,360

 

KB Financial Group, Inc. (a)

 

78,983

 

4,056

 

Shinhan Financial Group Co., Ltd. (a)

 

104,346

 

4,162

 

 

 

 

 

10,578

 

Construction & Engineering

 

 

 

 

 

Hyundai Engineering & Construction Co., Ltd.

 

45,744

 

2,485

 

 

 

 

 

 

 

Diversified Telecommunication Services

 

 

 

 

 

LG Dacom Corp.

 

16,450

 

279

 

 

 

 

 

 

 

Electronic Equipment, Instruments & Components

 

 

 

 

 

LG Display Co., Ltd.

 

45,250

 

1,302

 

 

 

 

 

 

 

Food & Staples Retailing

 

 

 

 

 

Shinsegae Co., Ltd.

 

5,874

 

2,966

 

 

 

 

 

 

 

Household Durables

 

 

 

 

 

LG Electronics, Inc.

 

541

 

58

 

Woongjin Coway Co., Ltd.

 

67,430

 

2,166

 

 

 

 

 

2,224

 

Industrial Conglomerates

 

 

 

 

 

LG Corp.

 

24,247

 

1,626

 

 

 

 

 

 

 

Insurance

 

 

 

 

 

Samsung Fire & Marine Insurance Co., Ltd.

 

1,815

 

371

 

 

 

 

 

 

 

Internet Software & Services

 

 

 

 

 

NHN Corp. (a)

 

4,413

 

650

 

 

 

 

 

 

 

Marine

 

 

 

 

 

Hanjin Shipping Co., Ltd.

 

12,970

 

226

 

 

 

 

 

 

 

Media

 

 

 

 

 

Cheil Worldwide, Inc.

 

5,464

 

1,347

 

 

 

 

 

 

 

Personal Products

 

 

 

 

 

Amorepacific Corp.

 

843

 

604

 

 

 

 

 

 

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

Samsung Electronics Co., Ltd.

 

14,038

 

9,710

 

Samsung Electronics Co., Ltd. (Preference)

 

4,822

 

2,018

 

 

 

 

 

11,728

 

 

 

 

 

43,042

 

Taiwan (6.0%)

 

 

 

 

 

Capital Markets

 

 

 

 

 

Yuanta Financial Holding Co., Ltd.

 

2,028,000

 

1,519

 

 

 

 

 

 

 

Chemicals

 

 

 

 

 

Taiwan Fertilizer Co., Ltd.

 

335,000

 

1,213

 

 

 

 

 

 

 

Computers & Peripherals

 

 

 

 

 

Acer, Inc.

 

894,067

 

2,307

 

HTC Corp.

 

71,430

 

794

 

Wistron Corp.

 

427,230

 

804

 

Wistron Corp. GDR

 

28,170

 

524

 

 

 

 

 

4,429

 

Diversified Financial Services

 

 

 

 

 

Fubon Financial Holding Co., Ltd. (a)

 

2,001,000

 

2,286

 

 

 

 

 

 

 

Electronic Equipment, Instruments & Components

 

 

 

 

 

AU Optronics Corp.

 

2,003,970

 

1,971

 

HON HAI Precision Industry Co., Ltd.

 

1,942,062

 

7,886

 

 

 

 

 

9,857

 

Insurance

 

 

 

 

 

Cathay Financial Holding Co., Ltd. (a)

 

1,740,350

 

2,925

 

 

 

 

 

 

 

Metals & Mining

 

 

 

 

 

China Steel Corp.

 

1,910,000

 

1,798

 

 

 

 

 

 

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

Siliconware Precision Industries Co.

 

1,079,000

 

1,542

 

Taiwan Semiconductor Manufacturing Co., Ltd.

 

3,488,592

 

7,083

 

 

 

 

 

8,625

 

 

 

 

 

32,652

 

Thailand (0.3%)

 

 

 

 

 

Commercial Banks

 

 

 

 

 

Kasikornbank PCL (Foreign)

 

351,700

 

926

 

 

 

 

 

 

 

Oil, Gas & Consumable Fuels

 

 

 

 

 

Banpu PCL (Foreign)

 

74,500

 

955

 

 

 

 

 

1,881

 

TOTAL COMMON STOCKS
(Cost $475,164)

 

 

 

536,264

 

 

 

 

 

 

 

INVESTMENT COMPANY (1.4%)

 

 

 

 

 

India (1.4%)

 

 

 

 

 

Diversified Financial Services

 

 

 

 

 

Morgan Stanley Growth Fund (a)(b) (Cost $1,254)

 

6,860,401

 

7,775

 

 

 

 

 

 

 

 

 

No. of
Rights

 

 

 

RIGHTS (0.0%)

 

 

 

 

 

Malaysia (0.0%)

 

 

 

 

 

Construction & Engineering

 

 

 

 

 

IJM Corp. Bhd, expires 10/16/09 (a)(c)
(Cost $—)

 

68,215

 

5

 

 

 

 

 

 

 

 

 

Shares

 

 

 

SHORT-TERM INVESTMENT (0.6%)

 

 

 

 

 

United States (0.6%)

 

 

 

 

 

Investment Company

 

 

 

 

 

Morgan Stanley Institutional Liquidity Funds — Money Market Portfolio — Institutional Class (b)
(Cost $3,066)

3,066,389

 

3,066

 

TOTAL INVESTMENTS (99.9%)
(Cost $479,484) +

 

 

 

547,110

 

OTHER ASSETS IN EXCESS OF LIABILITIES (0.1%)

 

 

 

791

 

NET ASSETS (100%)

 

 

 

$

547,901

 

 

(a)

Non-income producing security.

(b)

The Fund invests in the Morgan Stanley Growth Fund, an open-end management investment company advised by an affiliate of the Adviser. The Morgan Stanley Growth Fund has a cost basis of approximately $1,254,000 at September 30, 2009. Investment 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 Morgan Stanley Growth Fund. For the period ended September 30, 2009, advisory fees paid were reduced by approximately $33,000 relating to the Fund's investment in the Morgan Stanley Growth Fund. For the period ended September 30, 2009, the Fund had no purchases or sales of the security. The Fund invests in the Morgan Stanley Liquidity Funds — Money Market Portfolio — Institutional Class (the “Liquidity Fund”), an open-end management investment company managed by the Adviser. Investment 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 Liquidity Fund. For the period ended September 30, 2009, advisory fees paid were reduced by approximately $4,000 relating to the Fund's investment in the Liquidity Fund. For the same period, income distributions earned by the Fund were recorded as dividends from affiliates and totaled approximately $10,000. For the period ended September 30, 2009, the approximate cost of purchases and sales in the Liquidity Fund were $36,526,000 and $72,549,000, respectively.

(c)

At September 30, 2009, the Fund held approximately $5,000 of fair valued securities, representing less than 0.05% of net assets. These securities have been fair valued as determined in good faith under procedures established by and under the general supervision of the Fund's Directors.

@

Value is less than $500.

 


 

Morgan Stanley Asia-Pacific Fund, Inc.

Portfolio of Investments

Third Quarter Report

September 30, 2009 (unaudited)

 

+

At September 30, 2009, the U.S. Federal income tax cost basis of investments was approximately $479,484,000 and, accordingly, net unrealized appreciation for U.S. Federal income tax purposes was $67,626,000 of which $116,416,000 related to appreciated securities and $48,790,000 related to depreciated securities.

 

 

GDR

Global Depositary Receipt

 

Foreign Currency Exchange Contracts Information:

The Fund had the following foreign currency exchange contract(s) open at period end:

 

Currency
to
Deliver
(000)

 

Value
(000)

 

Settlement
Date

 

In
Exchange
For
(000)

 

Value
(000)

 

Net
Unrealized
Appreciation
(Depreciation)
(000)

 

HKD

 

716

 

$

92

 

10/1/09

 

USD

92

 

$

92

 

$

—

@

HKD

 

283

 

36

 

10/1/09

 

USD

36

 

36

 

—

@

IDR

 

142,602

 

15

 

10/1/09

 

USD

15

 

15

 

—

@

IDR

 

147,424

 

15

 

10/1/09

 

USD

15

 

15

 

—

@

IDR

 

132,909

 

14

 

10/1/09

 

USD

14

 

14

 

—

@

JPY

 

3,069

 

34

 

10/1/09

 

USD

34

 

34

 

—

@

USD

 

187

 

187

 

10/2/09

 

AUD

213

 

188

 

1

 

USD

 

110

 

110

 

10/6/09

 

HKD

851

 

110

 

—

@

USD

 

31

 

31

 

10/1/09

 

IDR

301,336

 

31

 

—

@

USD

 

18

 

18

 

10/2/09

 

IDR

173,058

 

18

 

—

@

 

 

 

 

$

 552

 

 

 

 

 

 

$

553

 

$

1

 

 

AUD

—

Australian Dollar

HKD

—

Hong Kong Dollar

IDR

—

Indonesian Rupiah

JPY

—

Japanese Yen

USD

—

United States Dollar

 

Fair Value Measurement Information:

The following is a summary of the inputs used to value the Fund's net assets as of September 30, 2009. (See Notes to Portfolio of Investments for further information regarding fair value measurement.)

 

Investment Type

 

Level 1
Quoted
prices
(000)

 

Level 2
Other
significant
observable
inputs
(000)

 

Level 3
Significant
unobservable
inputs
(000)

 

Total
(000)

 

Assets:

 

 

 

 

 

 

 

 

 

Common Stocks

 

 

 

 

 

 

 

 

 

Airlines

 

$

3,815

 

$

—

 

$

—

 

$

 3,815

 

Auto Components

 

1,763

 

—

 

—

 

1,763

 

Automobiles

 

31,314

 

—

 

—

 

31,314

 

Biotechnology

 

2,426

 

—

 

—

 

2,426

 

Building Products

 

9,703

 

—

 

—

 

9,703

 

Capital Markets

 

1,519

 

—

 

—

 

1,519

 

Chemicals

 

38,872

 

—

 

—

 

38,872

 

Commercial Banks

 

68,150

 

—

 

—

 

68,150

 

Commercial Services & Supplies

 

6,827

 

—

 

—

 

6,827

 

Computers & Peripherals

 

21,230

 

—

 

—

 

21,230

 

Construction & Engineering

 

13,203

 

—

 

—

 

13,203

 

Construction Materials

 

5,339

 

—

 

—

 

5,339

 

Consumer Finance

 

2,306

 

—

 

—

 

2,306

 

Distributors

 

2,000

 

—

 

—

 

2,000

 

Diversified Financial Services

 

12,895

 

—

 

—

 

12,895

 

Diversified Telecommunication Services

 

10,484

 

—

 

—

 

10,484

 

Electric Utilities

 

3,915

 

—

 

—

 

3,915

 

Electrical Equipment

 

5,969

 

—

 

—

 

5,969

 

Electronic Equipment, Instruments & Components

 

38,876

 

—

 

—

 

38,876

 

Energy Equipment & Services

 

754

 

—

 

—

 

754

 

Food & Staples Retailing

 

9,343

 

—

 

—

 

9,343

 

Food Products

 

4,672

 

—

 

—

 

4,672

 

Gas Utilities

 

2,002

 

—

 

—

 

2,002

 

Health Care Providers & Services

 

138

 

—

 

—

 

138

 

Hotels, Restaurants & Leisure

 

709

 

—

 

—

 

709

 

 


 

Morgan Stanley Asia-Pacific Fund, Inc.

Portfolio of Investments

Third Quarter Report

September 30, 2009 (unaudited)

 

Fair Value Measurement Information: (cont’d)

 

Investment Type

 

Level 1
Quoted
prices
(000)

 

Level 2
Other
significant
observable
inputs
(000)

 

Level 3
Significant
unobservable
inputs
(000)

 

Total
(000)

 

Assets: (cont’d)

 

 

 

 

 

 

 

 

 

Common Stocks (cont’d)

 

 

 

 

 

 

 

 

 

Household Durables

 

$

21,350

 

$

—

 

$

—

 

$

21,350

 

Independent Power Producers & Energy Traders

 

2,785

 

—

 

—

 

2,785

 

Industrial Conglomerates

 

9,679

 

—

 

—

 

9,679

 

Information Technology Services

 

3,425

 

—

 

—

 

3,425

 

Insurance

 

18,849

 

—

 

—

 

18,849

 

Internet Software & Services

 

650

 

—

 

—

 

650

 

Leisure Equipment & Products

 

2,501

 

—

 

—

 

2,501

 

Machinery

 

22,794

 

—

 

—

 

22,794

 

Marine

 

226

 

—

 

—

 

226

 

Media

 

9,112

 

—

 

—

 

9,112

 

Metals & Mining

 

18,178

 

—

 

—

 

18,178

 

Office Electronics

 

14,608

 

—

 

—

 

14,608

 

Oil, Gas & Consumable Fuels

 

9,688

 

—

 

—

 

9,688

 

Personal Products

 

604

 

—

 

—

 

604

 

Pharmaceuticals

 

16,926

 

—

 

—

 

16,926

 

Real Estate Management & Development

 

15,081

 

—

 

—

 

15,081

 

Road & Rail

 

4,311

 

—

 

—

 

4,311

 

Semiconductors & Semiconductor Equipment

 

24,586

 

—

 

—

 

24,586

 

Software

 

6,175

 

—

 

—

 

6,175

 

Specialty Retail

 

8,642

 

—

 

—

 

8,642

 

Textiles, Apparel & Luxury Goods

 

8,735

 

—

 

—

 

8,735

 

Trading Companies & Distributors

 

12,695

 

—

 

—

 

12,695

 

Transportation Infrastructure

 

675

 

—

 

—

 

675

 

Wireless Telecommunication Services

 

5,765

 

—

 

—

 

5,765

 

Total Common Stocks

 

536,264

 

—

 

—

 

536,264

 

Forward Currency Contracts

 

—

 

1

 

—

 

1

 

Investment Company

 

7,775

 

—

 

—

 

7,775

 

Rights

 

—

 

5

 

—

 

5

 

Short-Term Investment

 

 

 

 

 

 

 

 

 

Investment Company

 

3,066

 

—

 

—

 

3,066

 

Total Assets

 

547,105

 

6

 

—

 

547,111

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Forward Currency Contracts

 

—

 

—

@

—

 

—

@

Total Liabilities

 

—

 

—

@

—

 

—

@

Total

 

$

547,105

 

$

6

 

$

—

 

$

547,111

 

 


 

Notes to Portfolio of Investments (unaudited)

 

In accordance with FASB ASC 820 “Fair Value Measurements and Disclosure” (“ASC 820”) (formerly known as SFAS 157), fair value is defined as the price that the Fund would receive to sell an investment or pay to transfer a liability in a timely transaction with an independent buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability. 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 the Fund’s investments. The inputs are summarized in the three broad levels listed below.

 

· Level 1 – 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)

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

 

Security Valuation: Securities listed on a foreign exchange are valued at their closing price except as noted below. Unlisted securities and listed securities not traded on the valuation date for which market quotations are readily available are valued at the mean between the current bid and asked prices obtained from reputable brokers. Equity securities listed on a U.S. exchange are valued at the latest quoted sales price on the valuation date. Equity securities listed or traded on NASDAQ, for which market quotations are available, are valued at the NASDAQ Official Closing Price. Debt securities purchased with remaining maturities of 60 days or less are valued at amortized cost, unless the Board of Directors (the “Directors”) determines such valuation does not reflect the securities’ market value, in which case these securities will be valued at their fair value as determined by the Directors.

 

All other securities and investments for which market values are not readily available, including restricted securities, and those securities for which it is inappropriate to determine prices in accordance with the aforementioned procedures, are valued at fair value as determined in good faith under procedures adopted by the Directors, although the actual calculations may be done by others. 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.

 

Most foreign markets close before the New York Stock Exchange (NYSE). Occasionally, developments that could affect the closing prices of securities and other assets may occur between the times at which valuations of such securities are determined (that is, close of the foreign market on which the securities trade) and the close of business on the NYSE. If these developments are expected to materially affect the value of the securities, the valuations may be adjusted to reflect the estimated fair value as of the close of the NYSE, as determined in good faith under procedures established by the Directors.

 


 

Item 2. Controls and Procedures.

 

(a)  The Fund’s principal executive officer and principal financial officer have concluded that the Fund’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, based upon such officers’ evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.

 

(b)  There were no changes in the Fund’s internal control over financial reporting that occurred during the registrant’s fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund’s internal control over financial reporting.

 

Item 3. Exhibits.

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)

Morgan Stanley Asia-Pacific Fund, Inc.

 

 

By:

/s/ Randy Takian

 

Name:

Randy Takian

Title:

Principal Executive Officer

Date:

November 19, 2009

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:

/s/ Randy Takian

 

Name:

Randy Takian

Title:

Principal Executive Officer

Date:

November 19, 2009

 

By:

/s/ James Garrett

 

Name:

James Garrett

Title:

Principal Financial Officer

Date:

November 19, 2009