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, New York |
|
10036 | ||||
(Address of principal executive offices) |
|
(Zip code) | ||||
| ||||||
Sara Furber 522 Fifth Avenue, New York, New York 10036 | ||||||
(Name and address of agent for service) | ||||||
| ||||||
Registrants telephone number, including area code: |
212-296-6963 |
| ||||
| ||||||
Date of fiscal year end: |
December 31, 2011 |
| ||||
|
|
| ||||
Date of reporting period: |
March 31, 2011 |
| ||||
Item 1. Schedule of Investments.
The Funds schedule of investments as of the close of the reporting period prepared pursuant to Rule 12-12 of Regulation S-X is as follows:
Morgan Stanley Asia-Pacific Fund, Inc.
Portfolio of Investments
First Quarter Report
March 31, 2011 (unaudited)
|
|
Shares |
|
Value |
| |
Common Stocks (94.3%) |
|
|
|
|
| |
Australia (10.4%) |
|
|
|
|
| |
Airlines |
|
|
|
|
| |
Qantas Airways Ltd. (a) |
|
2,325,796 |
|
$ |
5,244 |
|
|
|
|
|
|
| |
Commercial Banks |
|
|
|
|
| |
Australia & New Zealand Banking Group Ltd. |
|
218,284 |
|
5,376 |
| |
National Australia Bank Ltd. |
|
259,851 |
|
6,948 |
| |
|
|
|
|
12,324 |
| |
Construction & Engineering |
|
|
|
|
| |
Boart Longyear Group |
|
1,368,920 |
|
6,627 |
| |
|
|
|
|
|
| |
Energy Equipment & Services |
|
|
|
|
| |
WorleyParsons Ltd. |
|
136,829 |
|
4,384 |
| |
|
|
|
|
|
| |
Insurance |
|
|
|
|
| |
QBE Insurance Group Ltd. |
|
439,552 |
|
8,034 |
| |
|
|
|
|
|
| |
Media |
|
|
|
|
| |
Fairfax Media Ltd. |
|
2,722,229 |
|
3,632 |
| |
Ten Network Holdings Ltd. |
|
2,847,322 |
|
3,844 |
| |
|
|
|
|
7,476 |
| |
Metals & Mining |
|
|
|
|
| |
Aquarius Platinum Ltd. |
|
717,427 |
|
4,000 |
| |
BlueScope Steel Ltd. |
|
1,828,076 |
|
3,734 |
| |
|
|
|
|
7,734 |
| |
Textiles, Apparel & Luxury Goods |
|
|
|
|
| |
Billabong International Ltd. |
|
735,509 |
|
5,744 |
| |
|
|
|
|
57,567 |
| |
China (12.8%) |
|
|
|
|
| |
Automobiles |
|
|
|
|
| |
China ZhengTong Auto Services Holdings Ltd. (a) |
|
1,361,000 |
|
1,391 |
| |
Dongfeng Motor Group Co., Ltd., Class H |
|
1,743,000 |
|
2,967 |
| |
|
|
|
|
4,358 |
| |
Beverages |
|
|
|
|
| |
Tsingtao Brewery Co., Ltd., Class H |
|
132,000 |
|
629 |
| |
|
|
|
|
|
| |
Commercial Banks |
|
|
|
|
| |
Agricultural Bank of China Ltd. (a) |
|
4,978,000 |
|
2,822 |
| |
Bank of China Ltd., Class H |
|
7,219,290 |
|
4,019 |
| |
China Construction Bank Corp., Class H |
|
9,910,560 |
|
9,288 |
| |
|
|
|
|
16,129 |
| |
Diversified Telecommunication Services |
|
|
|
|
| |
China Telecom Corp. Ltd., Class H |
|
5,686,000 |
|
3,472 |
| |
|
|
|
|
|
| |
Electrical Equipment |
|
|
|
|
| |
Xinjiang Goldwind Science & Technology Co., Ltd., Class H (a) |
|
862,000 |
|
1,589 |
| |
|
|
Shares |
|
Value |
| |
Energy Equipment & Services |
|
|
|
|
| |
China Oilfield Services Ltd., Class H |
|
808,000 |
|
$ |
1,828 |
|
|
|
|
|
|
| |
Food Products |
|
|
|
|
| |
Want Want China Holdings Ltd. |
|
1,736,000 |
|
1,364 |
| |
|
|
|
|
|
| |
Gas Utilities |
|
|
|
|
| |
China Resources Gas Group Ltd. |
|
564,000 |
|
770 |
| |
|
|
|
|
|
| |
Independent Power Producers & Energy Traders |
|
|
|
|
| |
China Resources Power Holdings Co., Ltd. |
|
1,695,400 |
|
3,265 |
| |
|
|
|
|
|
| |
Industrial Conglomerates |
|
|
|
|
| |
Shanghai Industrial Holdings Ltd. |
|
560,000 |
|
2,145 |
| |
|
|
|
|
|
| |
Insurance |
|
|
|
|
| |
AIA Group Ltd. (a) |
|
475,400 |
|
1,464 |
| |
China Life Insurance Co., Ltd., Class H |
|
1,063,000 |
|
3,990 |
| |
China Pacific Insurance Group Co., Ltd., Class H |
|
585,800 |
|
2,463 |
| |
Ping An Insurance Group Co. of China Ltd., Class H |
|
432,500 |
|
4,384 |
| |
|
|
|
|
12,301 |
| |
Internet Software & Services |
|
|
|
|
| |
Netease.com ADR (a) |
|
23,500 |
|
1,164 |
| |
Sohu.com, Inc. (a) |
|
28,300 |
|
2,529 |
| |
Tencent Holdings Ltd. |
|
106,700 |
|
2,599 |
| |
|
|
|
|
6,292 |
| |
Oil, Gas & Consumable Fuels |
|
|
|
|
| |
China Coal Energy Co., Ltd., Class H |
|
997,000 |
|
1,358 |
| |
CNOOC Ltd. |
|
1,704,000 |
|
4,294 |
| |
Yanzhou Coal Mining Co., Ltd. |
|
609,000 |
|
2,216 |
| |
|
|
|
|
7,868 |
| |
Personal Products |
|
|
|
|
| |
Hengan International Group Co., Ltd. |
|
92,000 |
|
682 |
| |
|
|
|
|
|
| |
Semiconductors & Semiconductor Equipment |
|
|
|
|
| |
JA Solar Holdings Co., Ltd. ADR (a) |
|
156,100 |
|
1,093 |
| |
|
|
|
|
|
| |
Specialty Retail |
|
|
|
|
| |
Belle International Holdings Ltd. |
|
2,034,000 |
|
3,729 |
| |
|
|
|
|
|
| |
Wireless Telecommunication Services |
|
|
|
|
| |
China Mobile Ltd. |
|
337,500 |
|
3,109 |
| |
|
|
|
|
70,623 |
| |
Hong Kong (4.6%) |
|
|
|
|
| |
Commercial Banks |
|
|
|
|
| |
BOC Hong Kong Holdings Ltd. |
|
1,092,500 |
|
3,560 |
| |
|
|
|
|
|
| |
Distributors |
|
|
|
|
| |
Li & Fung Ltd. |
|
534,000 |
|
2,736 |
| |
|
|
Shares |
|
Value |
| |
Diversified Financial Services |
|
|
|
|
| |
Hong Kong Exchanges and Clearing Ltd. |
|
147,900 |
|
$ |
3,213 |
|
|
|
|
|
|
| |
Industrial Conglomerates |
|
|
|
|
| |
Hutchison Whampoa Ltd. |
|
340,000 |
|
4,026 |
| |
|
|
|
|
|
| |
Real Estate Management & Development |
|
|
|
|
| |
Cheung Kong Holdings Ltd. |
|
117,000 |
|
1,907 |
| |
Hongkong Land Holdings Ltd. |
|
385,000 |
|
2,695 |
| |
Kerry Properties Ltd. |
|
69,500 |
|
348 |
| |
New World Development Co., Ltd. |
|
1,034,800 |
|
1,828 |
| |
Wharf Holdings Ltd. |
|
754,805 |
|
5,206 |
| |
|
|
|
|
11,984 |
| |
|
|
|
|
25,519 |
| |
India (1.7%) |
|
|
|
|
| |
Commercial Banks |
|
|
|
|
| |
IndusInd Bank Ltd. |
|
272,673 |
|
1,662 |
| |
|
|
|
|
|
| |
Information Technology Services |
|
|
|
|
| |
Infosys Technologies Ltd. |
|
49,000 |
|
3,562 |
| |
|
|
|
|
|
| |
Pharmaceuticals |
|
|
|
|
| |
Dr. Reddys Laboratories Ltd. |
|
113,850 |
|
4,184 |
| |
|
|
|
|
9,408 |
| |
Indonesia (5.5%) |
|
|
|
|
| |
Automobiles |
|
|
|
|
| |
Astra International Tbk PT |
|
612,500 |
|
4,009 |
| |
|
|
|
|
|
| |
Commercial Banks |
|
|
|
|
| |
Bank Central Asia Tbk PT |
|
3,889,000 |
|
3,104 |
| |
Bank Rakyat Indonesia Persero Tbk PT |
|
6,799,000 |
|
4,490 |
| |
Bank Tabungan Negara Tbk PT |
|
10,293,500 |
|
1,986 |
| |
|
|
|
|
9,580 |
| |
Diversified Telecommunication Services |
|
|
|
|
| |
Telekomunikasi Indonesia Tbk PT |
|
2,281,000 |
|
1,925 |
| |
|
|
|
|
|
| |
Food Products |
|
|
|
|
| |
Golden Agri-Resources Ltd. |
|
2,621,000 |
|
1,435 |
| |
Indofood Agri Resources Ltd. (a) |
|
1,160,000 |
|
2,052 |
| |
Indofood Sukses Makmur Tbk PT |
|
2,853,000 |
|
1,769 |
| |
|
|
|
|
5,256 |
| |
Pharmaceuticals |
|
|
|
|
| |
Kalbe Farma Tbk PT |
|
5,574,500 |
|
2,177 |
| |
|
|
|
|
|
| |
Real Estate Management & Development |
|
|
|
|
| |
Bumi Serpong Damai PT |
|
25,304,500 |
|
2,441 |
| |
Lippo Karawaci Tbk PT |
|
20,451,500 |
|
1,433 |
| |
|
|
|
|
3,874 |
| |
|
|
Shares |
|
Value |
| |
Wireless Telecommunication Services |
|
|
|
|
| |
Indosat Tbk PT |
|
5,363,500 |
|
$ |
3,265 |
|
|
|
|
|
30,086 |
| |
Japan (37.9%) |
|
|
|
|
| |
Airlines |
|
|
|
|
| |
All Nippon Airways Co., Ltd. |
|
1,796,000 |
|
5,355 |
| |
|
|
|
|
|
| |
Automobiles |
|
|
|
|
| |
Nissan Motor Co., Ltd. |
|
771,900 |
|
6,848 |
| |
Suzuki Motor Corp. |
|
78,200 |
|
1,748 |
| |
Toyota Motor Corp. |
|
245,500 |
|
9,887 |
| |
Yamaha Motor Co., Ltd. (a) |
|
407,300 |
|
7,110 |
| |
|
|
|
|
25,593 |
| |
Capital Markets |
|
|
|
|
| |
Daiwa Securities Group, Inc. |
|
1,891,000 |
|
8,684 |
| |
|
|
|
|
|
| |
Chemicals |
|
|
|
|
| |
Shin-Etsu Polymer Co., Ltd. |
|
92,700 |
|
552 |
| |
Teijin Ltd. |
|
121,000 |
|
541 |
| |
|
|
|
|
1,093 |
| |
Commercial Banks |
|
|
|
|
| |
Sumitomo Mitsui Financial Group, Inc. |
|
161,800 |
|
5,030 |
| |
Sumitomo Mitsui Trust Holdings, Inc. |
|
881,000 |
|
3,124 |
| |
Sumitomo Trust & Banking Co., Ltd. (The) |
|
1,370,000 |
|
7,240 |
| |
Tokyo Tomin Bank Ltd. (The) |
|
632,200 |
|
8,208 |
| |
Yachiyo Bank Ltd. (The) |
|
143,100 |
|
4,869 |
| |
|
|
|
|
28,471 |
| |
Construction & Engineering |
|
|
|
|
| |
Maeda Corp. |
|
1,300,000 |
|
4,282 |
| |
|
|
|
|
|
| |
Construction Materials |
|
|
|
|
| |
Sumitomo Osaka Cement Co., Ltd. |
|
173,000 |
|
501 |
| |
Taiheiyo Cement Corp. |
|
1,209,000 |
|
2,035 |
| |
|
|
|
|
2,536 |
| |
Consumer Finance |
|
|
|
|
| |
Jaccs Co., Ltd. |
|
2,320,000 |
|
6,220 |
| |
|
|
|
|
|
| |
Diversified Financial Services |
|
|
|
|
| |
Fuyo General Lease Co., Ltd. |
|
265,200 |
|
7,904 |
| |
Japan Securities Finance Co., Ltd. |
|
1,040,500 |
|
6,880 |
| |
|
|
|
|
14,784 |
| |
Diversified Telecommunication Services |
|
|
|
|
| |
Nippon Telegraph & Telephone Corp. |
|
51,500 |
|
2,313 |
| |
|
|
|
|
|
| |
Electrical Equipment |
|
|
|
|
| |
Furukawa Electric Co., Ltd. |
|
574,000 |
|
2,319 |
| |
|
|
Shares |
|
Value |
| |
Sumitomo Electric Industries Ltd. |
|
43,000 |
|
$ |
595 |
|
|
|
|
|
2,914 |
| |
Electronic Equipment, Instruments & Components |
|
|
|
|
| |
Hitachi Ltd. |
|
1,082,000 |
|
5,632 |
| |
|
|
|
|
|
| |
Household Durables |
|
|
|
|
| |
Sekisui House Ltd. |
|
339,000 |
|
3,179 |
| |
|
|
|
|
|
| |
Machinery |
|
|
|
|
| |
Amada Co., Ltd. |
|
142,000 |
|
1,185 |
| |
Asahi Diamond Industrial Co., Ltd. |
|
349,000 |
|
6,696 |
| |
Daifuku Co., Ltd. |
|
410,500 |
|
2,981 |
| |
Fuji Machine Manufacturing Co., Ltd. |
|
239,700 |
|
5,403 |
| |
Minebea Co., Ltd. |
|
785,000 |
|
4,332 |
| |
THK Co., Ltd. |
|
21,500 |
|
541 |
| |
Tsubakimoto Chain Co. |
|
590,000 |
|
3,029 |
| |
Union Tool Co. |
|
24,900 |
|
590 |
| |
|
|
|
|
24,757 |
| |
Marine |
|
|
|
|
| |
Mitsui OSK Lines Ltd. |
|
1,188,000 |
|
6,841 |
| |
|
|
|
|
|
| |
Media |
|
|
|
|
| |
Fuji Media Holdings, Inc. |
|
5,464 |
|
7,646 |
| |
TV Asahi Corp. |
|
5,125 |
|
8,004 |
| |
|
|
|
|
15,650 |
| |
Metals & Mining |
|
|
|
|
| |
Nippon Steel Corp. |
|
1,488,000 |
|
4,758 |
| |
Sumitomo Metal Industries Ltd. |
|
2,558,000 |
|
5,720 |
| |
|
|
|
|
10,478 |
| |
Multiline Retail |
|
|
|
|
| |
Takashimaya Co., Ltd. |
|
579,000 |
|
3,696 |
| |
|
|
|
|
|
| |
Office Electronics |
|
|
|
|
| |
Canon, Inc. |
|
12,400 |
|
540 |
| |
Ricoh Co., Ltd. |
|
94,000 |
|
1,103 |
| |
Toshiba TEC Corp. |
|
1,049,000 |
|
4,666 |
| |
|
|
|
|
6,309 |
| |
Real Estate Management & Development |
|
|
|
|
| |
Daibiru Corp. |
|
1,048,000 |
|
9,071 |
| |
Mitsubishi Estate Co., Ltd. |
|
442,000 |
|
7,476 |
| |
Mitsui Fudosan Co., Ltd. |
|
394,000 |
|
6,504 |
| |
|
|
|
|
23,051 |
| |
Road & Rail |
|
|
|
|
| |
East Japan Railway Co. |
|
45,200 |
|
2,513 |
| |
|
|
|
|
|
| |
Semiconductors & Semiconductor Equipment |
|
|
|
|
| |
Tokyo Electron Ltd. |
|
67,000 |
|
3,693 |
| |
|
|
Shares |
|
Value |
| |
Trading Companies & Distributors |
|
|
|
|
| |
Mitsubishi Corp. |
|
21,500 |
|
$ |
597 |
|
|
|
|
|
208,641 |
| |
Korea, Republic of (11.0%) |
|
|
|
|
| |
Auto Components |
|
|
|
|
| |
Hyundai Mobis |
|
1,727 |
|
516 |
| |
|
|
|
|
|
| |
Automobiles |
|
|
|
|
| |
Hyundai Motor Co. |
|
16,776 |
|
3,105 |
| |
Kia Motors Corp. |
|
29,546 |
|
1,858 |
| |
|
|
|
|
4,963 |
| |
Chemicals |
|
|
|
|
| |
LG Chem Ltd. |
|
5,481 |
|
2,298 |
| |
OCI Co., Ltd. |
|
9,963 |
|
4,487 |
| |
SSCP Co., Ltd. |
|
71,730 |
|
234 |
| |
|
|
|
|
7,019 |
| |
Commercial Banks |
|
|
|
|
| |
Hana Financial Group, Inc. |
|
22,500 |
|
973 |
| |
KB Financial Group, Inc. |
|
12,674 |
|
664 |
| |
Shinhan Financial Group Co., Ltd. |
|
46,406 |
|
2,109 |
| |
|
|
|
|
3,746 |
| |
Construction & Engineering |
|
|
|
|
| |
GS Engineering & Construction Corp. |
|
14,617 |
|
1,533 |
| |
Hyundai Engineering & Construction Co., Ltd. |
|
32,924 |
|
2,377 |
| |
|
|
|
|
3,910 |
| |
Electronic Equipment, Instruments & Components |
|
|
|
|
| |
LG Display Co., Ltd. |
|
88,840 |
|
2,786 |
| |
|
|
|
|
|
| |
Food & Staples Retailing |
|
|
|
|
| |
Shinsegae Co., Ltd. |
|
9,776 |
|
2,326 |
| |
|
|
|
|
|
| |
Household Durables |
|
|
|
|
| |
Woongjin Coway Co., Ltd. |
|
68,370 |
|
2,359 |
| |
|
|
|
|
|
| |
Insurance |
|
|
|
|
| |
Samsung Fire & Marine Insurance Co., Ltd. |
|
3,720 |
|
822 |
| |
|
|
|
|
|
| |
Internet Software & Services |
|
|
|
|
| |
NHN Corp. (a) |
|
5,124 |
|
895 |
| |
SK C&C Co., Ltd. |
|
29,698 |
|
2,631 |
| |
|
|
|
|
3,526 |
| |
Machinery |
|
|
|
|
| |
Doosan Infracore Co., Ltd. (a) |
|
39,590 |
|
1,102 |
| |
Hyundai Heavy Industries Co., Ltd. |
|
2,928 |
|
1,383 |
| |
|
|
|
|
2,485 |
| |
|
|
Shares |
|
Value |
| |
Media |
|
|
|
|
| |
Cheil Worldwide, Inc. |
|
107,500 |
|
$ |
1,421 |
|
|
|
|
|
|
| |
Metals & Mining |
|
|
|
|
| |
Hyundai Steel Co. |
|
7,483 |
|
955 |
| |
POSCO |
|
3,951 |
|
1,819 |
| |
|
|
|
|
2,774 |
| |
Oil, Gas & Consumable Fuels |
|
|
|
|
| |
GS Holdings |
|
18,445 |
|
1,571 |
| |
SK Innovation Co., Ltd. |
|
13,341 |
|
2,566 |
| |
|
|
|
|
4,137 |
| |
Personal Products |
|
|
|
|
| |
Amorepacific Corp. |
|
22 |
|
21 |
| |
|
|
|
|
|
| |
Semiconductors & Semiconductor Equipment |
|
|
|
|
| |
Samsung Electronics Co., Ltd. |
|
11,621 |
|
9,873 |
| |
Samsung Electronics Co., Ltd. (Preference) |
|
3,427 |
|
1,953 |
| |
Hynix Semiconductor, Inc. |
|
132,650 |
|
3,785 |
| |
|
|
|
|
15,611 |
| |
Trading Companies & Distributors |
|
|
|
|
| |
Samsung C&T Corp. |
|
30,057 |
|
1,967 |
| |
|
|
|
|
60,389 |
| |
Malaysia (1.3%) |
|
|
|
|
| |
Commercial Banks |
|
|
|
|
| |
CIMB Group Holdings Bhd |
|
1,274,200 |
|
3,450 |
| |
|
|
|
|
|
| |
Diversified Financial Services |
|
|
|
|
| |
AMMB Holdings Bhd |
|
1,056,200 |
|
2,263 |
| |
|
|
|
|
|
| |
Health Care Equipment & Supplies |
|
|
|
|
| |
Top Glove Corp. Bhd |
|
738,400 |
|
1,312 |
| |
|
|
|
|
7,025 |
| |
Philippines (0.8%) |
|
|
|
|
| |
Airlines |
|
|
|
|
| |
Cebu Air, Inc. (a) |
|
558,200 |
|
1,023 |
| |
|
|
|
|
|
| |
Commercial Banks |
|
|
|
|
| |
Metropolitan Bank & Trust (a) |
|
405,770 |
|
600 |
| |
|
|
|
|
|
| |
Diversified Financial Services |
|
|
|
|
| |
Ayala Corp. |
|
284,908 |
|
2,526 |
| |
|
|
|
|
4,149 |
| |
Singapore (1.3%) |
|
|
|
|
| |
Commercial Banks |
|
|
|
|
| |
DBS Group Holdings Ltd. |
|
178,000 |
|
2,067 |
| |
|
|
Shares |
|
Value |
| |
Commercial Services & Supplies |
|
|
|
|
| |
STX OSV Holdings Ltd. (a) |
|
2,196,700 |
|
$ |
2,074 |
|
|
|
|
|
|
| |
Food & Staples Retailing |
|
|
|
|
| |
Olam International Ltd. |
|
612,000 |
|
1,360 |
| |
|
|
|
|
|
| |
Industrial Conglomerates |
|
|
|
|
| |
Keppel Corp. Ltd. |
|
111,000 |
|
1,083 |
| |
|
|
|
|
|
| |
Real Estate Management & Development |
|
|
|
|
| |
CapitaLand Ltd. |
|
324,000 |
|
848 |
| |
|
|
|
|
7,432 |
| |
Taiwan (6.4%) |
|
|
|
|
| |
Capital Markets |
|
|
|
|
| |
Yuanta Financial Holding Co., Ltd. |
|
1,226,000 |
|
882 |
| |
|
|
|
|
|
| |
Chemicals |
|
|
|
|
| |
Formosa Plastics Corp. |
|
373,000 |
|
1,313 |
| |
Nan Ya Plastics Corp. |
|
369,000 |
|
1,088 |
| |
Taiwan Fertilizer Co., Ltd. |
|
172,000 |
|
506 |
| |
|
|
|
|
2,907 |
| |
Communications Equipment |
|
|
|
|
| |
HTC Corp. |
|
146,001 |
|
5,709 |
| |
|
|
|
|
|
| |
Computers & Peripherals |
|
|
|
|
| |
Acer, Inc. |
|
385,961 |
|
788 |
| |
Asustek Computer, Inc. |
|
234,000 |
|
2,025 |
| |
Catcher Technology Co., Ltd. |
|
206,000 |
|
1,019 |
| |
|
|
|
|
3,832 |
| |
Diversified Financial Services |
|
|
|
|
| |
Fubon Financial Holding Co., Ltd. |
|
1,603,942 |
|
2,130 |
| |
|
|
|
|
|
| |
Electronic Equipment, Instruments & Components |
|
|
|
|
| |
AU Optronics Corp. (a) |
|
1,632,970 |
|
1,427 |
| |
Chimei Innolux Corp. (a) |
|
1,751,000 |
|
1,795 |
| |
Hon Hai Precision Industry Co., Ltd. |
|
1,547,109 |
|
5,419 |
| |
|
|
|
|
8,641 |
| |
Food Products |
|
|
|
|
| |
Uni-President Enterprises Corp. |
|
3,915,100 |
|
5,365 |
| |
|
|
|
|
|
| |
Insurance |
|
|
|
|
| |
Cathay Financial Holding Co., Ltd. |
|
135,067 |
|
223 |
| |
|
|
|
|
|
| |
Metals & Mining |
|
|
|
|
| |
China Steel Corp. |
|
979,384 |
|
1,171 |
| |
|
|
|
|
|
| |
Semiconductors & Semiconductor Equipment |
|
|
|
|
| |
Taiwan Semiconductor Manufacturing Co., Ltd. |
|
1,678,592 |
|
4,030 |
| |
|
|
Shares |
|
Value |
| ||
Kinsus Interconnect Technology Corp. |
|
208,000 |
|
$ |
643 |
| |
|
|
|
|
4,673 |
| ||
|
|
|
|
35,533 |
| ||
Thailand (0.6%) |
|
|
|
|
| ||
Oil, Gas & Consumable Fuels |
|
|
|
|
| ||
Banpu PCL |
|
74,500 |
|
1,892 |
| ||
|
|
|
|
|
| ||
Wireless Telecommunication Services |
|
|
|
|
| ||
Total Access Communication PCL NVDR |
|
796,000 |
|
1,263 |
| ||
|
|
|
|
3,155 |
| ||
Total Common Stocks (Cost $449,460) |
|
|
|
519,527 |
| ||
Investment Company (1.8%) |
|
|
|
|
| ||
India (1.8%) |
|
|
|
|
| ||
Diversified Financial Services |
|
|
|
|
| ||
Morgan Stanley Growth Fund (a)(b) (Cost $1,254) |
|
6,860,401 |
|
9,651 |
| ||
|
|
|
|
|
| ||
|
|
Face |
|
|
| ||
Corporate Bond (0.0%) |
|
|
|
|
| ||
India (0.0%) |
|
|
|
|
| ||
Pharmaceuticals |
|
|
|
|
| ||
Dr. Reddys Laboratories Ltd. 9.25%, 3/24/14 (c) (Cost $) |
|
INR |
3,416 |
|
76 |
| |
|
|
|
|
|
| ||
|
|
Shares |
|
|
| ||
Participation Note (0.4%) |
|
|
|
|
| ||
China (0.4%) |
|
|
|
|
| ||
Software |
|
|
|
|
| ||
UBS AG, UFIDA Software Co., Ltd., Class A, Equity Linked Notes, Zero Coupon, 9/30/13 (Cost $2,966) |
|
777,572 |
|
2,354 |
| ||
|
|
|
|
|
| ||
Short-Term Investment (3.0%) |
|
|
|
|
| ||
Investment Company (3.0%) |
|
|
|
|
| ||
Morgan Stanley Institutional Liquidity Funds - Money Market Portfolio - Institutional Class (b) (Cost $16,483) |
|
16,483,224 |
|
16,483 |
| ||
Total Investments (99.5%) (Cost $470,163) + |
|
|
|
548,091 |
| ||
Other Assets in Excess of Liabilities (0.5%) |
|
|
|
2,904 |
| ||
Net Assets (100.0%) |
|
|
|
$ |
550,995 |
| |
(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 Investment Adviser. Investment advisory fees paid by the Fund are reduced by an amount equal to the advisory and administrative service fees paid by the Morgan Stanley Growth Fund with respect to assets invested by the Fund in the Morgan Stanley Growth Fund. The Fund invests in the Morgan Stanley Institutional Liquidity Funds - Money Market Portfolio - Institutional Class (the Liquidity Fund), an open-end management investment company managed by the Investment Adviser. Investment advisory fees paid by the Fund are reduced by an amount equal to the advisory and administrative service fees paid by the Liquidity Fund with respect to assets invested by the Fund in the Liquidity Fund. |
(c) |
Security has been deemed illiquid at March 31, 2011. |
+ |
At March 31, 2011, the U.S. Federal income tax cost basis of investments was approximately $470,163,000 and, accordingly, net unrealized appreciation for U.S. Federal income tax purposes was approximately $77,928,000 of which approximately $96,164,000 related to appreciated securities and approximately $18,236,000 related to depreciated securities. |
ADR |
American Depositary Receipt |
INR |
Indian Rupee |
NVDR |
Non-Voting Depositary Receipt |
Fair Value Measurement Information:
The following is a summary of the inputs used to value the Funds net assets as of March 31, 2011. (See Notes to the Portfolio of Investments for further information regarding fair value measurement.)
Investment Type |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
| ||||
Assets: |
|
|
|
|
|
|
|
|
| ||||
Common Stocks |
|
|
|
|
|
|
|
|
| ||||
Airlines |
|
$ |
11,622 |
|
$ |
|
|
$ |
|
|
$ |
11,622 |
|
Auto Components |
|
516 |
|
|
|
|
|
516 |
| ||||
Automobiles |
|
38,923 |
|
|
|
|
|
38,923 |
| ||||
Beverages |
|
629 |
|
|
|
|
|
629 |
| ||||
Capital Markets |
|
9,566 |
|
|
|
|
|
9,566 |
| ||||
Chemicals |
|
11,019 |
|
|
|
|
|
11,019 |
| ||||
Commercial Banks |
|
79,927 |
|
1,662 |
|
|
|
81,589 |
| ||||
Commercial Services & Supplies |
|
2,074 |
|
|
|
|
|
2,074 |
| ||||
Communications Equipment |
|
5,709 |
|
|
|
|
|
5,709 |
| ||||
Computers & Peripherals |
|
3,832 |
|
|
|
|
|
3,832 |
| ||||
Construction & Engineering |
|
14,819 |
|
|
|
|
|
14,819 |
| ||||
Construction Materials |
|
2,536 |
|
|
|
|
|
2,536 |
| ||||
Consumer Finance |
|
6,220 |
|
|
|
|
|
6,220 |
| ||||
Distributors |
|
2,736 |
|
|
|
|
|
2,736 |
| ||||
Diversified Financial Services |
|
24,916 |
|
|
|
|
|
24,916 |
| ||||
Diversified Telecommunication Services |
|
7,710 |
|
|
|
|
|
7,710 |
| ||||
Electrical Equipment |
|
4,503 |
|
|
|
|
|
4,503 |
| ||||
Electronic Equipment, Instruments & Components |
|
17,059 |
|
|
|
|
|
17,059 |
| ||||
Energy Equipment & Services |
|
6,212 |
|
|
|
|
|
6,212 |
| ||||
Food & Staples Retailing |
|
3,686 |
|
|
|
|
|
3,686 |
| ||||
Food Products |
|
11,985 |
|
|
|
|
|
11,985 |
| ||||
Gas Utilities |
|
770 |
|
|
|
|
|
770 |
| ||||
Health Care Equipment & Supplies |
|
1,312 |
|
|
|
|
|
1,312 |
| ||||
Household Durables |
|
5,538 |
|
|
|
|
|
5,538 |
| ||||
Independent Power Producers & Energy Traders |
|
3,265 |
|
|
|
|
|
3,265 |
| ||||
Industrial Conglomerates |
|
7,254 |
|
|
|
|
|
7,254 |
| ||||
Information Technology Services |
|
3,562 |
|
|
|
|
|
3,562 |
| ||||
Insurance |
|
21,380 |
|
|
|
|
|
21,380 |
| ||||
Internet Software & Services |
|
9,818 |
|
|
|
|
|
9,818 |
| ||||
Machinery |
|
27,242 |
|
|
|
|
|
27,242 |
| ||||
Marine |
|
6,841 |
|
|
|
|
|
6,841 |
| ||||
Media |
|
24,547 |
|
|
|
|
|
24,547 |
| ||||
Metals & Mining |
|
22,157 |
|
|
|
|
|
22,157 |
| ||||
Multiline Retail |
|
3,696 |
|
|
|
|
|
3,696 |
| ||||
Office Electronics |
|
6,309 |
|
|
|
|
|
6,309 |
| ||||
Oil, Gas & Consumable Fuels |
|
13,897 |
|
|
|
|
|
13,897 |
| ||||
Personal Products |
|
703 |
|
|
|
|
|
703 |
| ||||
Pharmaceuticals |
|
6,361 |
|
|
|
|
|
6,361 |
| ||||
Real Estate Management & Development |
|
39,757 |
|
|
|
|
|
39,757 |
| ||||
Road & Rail |
|
2,513 |
|
|
|
|
|
2,513 |
| ||||
Semiconductors & Semiconductor Equipment |
|
25,070 |
|
|
|
|
|
25,070 |
| ||||
Specialty Retail |
|
3,729 |
|
|
|
|
|
3,729 |
| ||||
Textiles, Apparel & Luxury Goods |
|
5,744 |
|
|
|
|
|
5,744 |
| ||||
Trading Companies & Distributors |
|
2,564 |
|
|
|
|
|
2,564 |
| ||||
Wireless Telecommunication Services |
|
7,637 |
|
|
|
|
|
7,637 |
| ||||
Total Common Stocks |
|
517,865 |
|
1,662 |
|
|
|
519,527 |
| ||||
Investment Company |
|
9,651 |
|
|
|
|
|
9,651 |
| ||||
Corporate Bond |
|
|
|
76 |
|
|
|
76 |
| ||||
Participation Note |
|
|
|
2,354 |
|
|
|
2,354 |
| ||||
Short-Term Investment - Investment Company |
|
16,483 |
|
|
|
|
|
16,483 |
| ||||
Total Assets |
|
$ |
543,999 |
|
$ |
4,092 |
|
$ |
|
|
$ |
548,091 |
|
Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investments valuation changes. The Fund recognizes transfers between the levels as of the end of the period. As of March 31, 2011, the Fund did not have any significant investments transfer between valuation levels.
Morgan Stanley Asia-Pacific Fund, Inc.
Notes to the Portfolio of Investments · March 31, 2011 (unaudited)
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 ask prices. 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. Short-term 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 in good faith under procedures adopted 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 issuers 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.
Fair Value Measurement: Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosure (ASC 820), defines fair value 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 entitys 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 Funds investments. The inputs are summarized in the three broad levels listed below.
· Level 1 unadjusted quoted prices in active markets for identical securities
· 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 Funds 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 issuers 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.
Item 2. Controls and Procedures.
(a) The Funds principal executive officer and principal financial officer have concluded that the Funds 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 Commissions 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 Funds internal control over financial reporting that occurred during the registrants fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Funds internal control over financial reporting.
Item 3. Exhibits.
(a) A separate certification for each principal executive officer and principal financial officer of the registrant are attached hereto.
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.
Morgan Stanley Asia-Pacific Fund, Inc.
/s/ Sara Furber |
|
Sara Furber |
|
Principal Executive Officer |
|
May 24, 2011 |
|
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.
/s/ Sara Furber |
|
Sara Furber |
|
Principal Executive Officer |
|
May 24, 2011 |
|
|
|
/s/ Francis Smith |
|
Francis Smith |
|
Principal Financial Officer |
|
May 24, 2011 |
|
Exhibit 99.CERT
CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER
I, Sara Furber, certify that:
1. I have reviewed this report on Form N-Q of Morgan Stanley Asia-Pacific Fund, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Omitted;
(c) Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
(d) Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and
5. The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting.
Date: May 24, 2011
|
/s/ Sara Furber |
|
Sara Furber |
|
Principal Executive Officer |
CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
I, Francis Smith, certify that:
1. I have reviewed this report on Form N-Q of Morgan Stanley Asia-Pacific Fund, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Omitted;
(c) Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
(d) Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and
5. The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting.
Date: May 24, 2011
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/s/ Francis Smith |
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Francis Smith |
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Principal Financial Officer |