Evaluating the Potential Impact of a Floating NAV on Money Market Investments

Floating NAV money market funds require investors to consider and track different metrics when evaluating their holdings. When analyzing the performance of these funds, it is important to look at both income and price fluctuations, viewing these in a total return framework. The key concept is the tradeoff of NAV stability versus a potential for a higher return.

This tool is designed to help investors understand the potential risks and rewards of investing in Stable NAV funds versus Floating NAV funds by providing the ability to analyze various hypothetical yield and NAV movement scenarios. Please contact your Morgan Stanley Investment Management Relationship Manager with any questions.

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Purchase Date

Redemption Date

Initial Investment (Input)

Range Yield (Stable)

Stable Yield is from 0 - 10

Starting NAV

Selected Value: 1

Range Yield (Float)

Floating Yield is from 0 - 10

Ending NAV

Selected Value: 1.001

Total Return Analysis

Fund Type

Stable Nav Investment

Initial Investment (Stable)

Yield (Stable)

NAV (Stable)

Income (Stable)

Total Earnings (Stable)

Unannualized Yield (Stable)

Floating Nav Investment

Initial Investment (Floating)

Yield (Float)

NAV (Float)

Income (Float)

Total Earnings (Float)

Unannualized Yield (Float)

Difference in Total Earnings

NAV Range Layout

Breakeven Compared to Zero

Change in values from NAV movement

Income from one day holding period

Days to Breakeven

Breakeven Compared to Stable NAV Investment