- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)
26 November 2008 - 9:29PM
Edgar (US Regulatory)
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
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811-08460
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|
MORGAN
STANLEY GLOBAL OPPORTUNITY BOND FUND, INC.
|
|
(Exact name of registrant as specified in charter)
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522 FIFTH AVENUE NEW YORK, NY
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|
10036
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(Address of principal executive offices)
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(Zip code)
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RANDY TAKIAN
522 FIFTH AVENUE NEW YORK, NY, 10036
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(Name and address of agent for service)
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Registrant's
telephone number, including area code:
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1-800-231-2608
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Date of
fiscal year end:
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12/31
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Date of
reporting period:
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9/30/08
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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:
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|
Third
Quarter Report
|
|
|
|
|
|
September
30, 2008 (unaudited)
|
Portfolio
of Investments
(Showing percentage of Total
Value of Investments)
Morgan
Stanley Global Opportunity Bond Fund, Inc.
|
|
|
Face Amount
|
|
Value
|
|
|
|
|
(000)
|
|
(000)
|
|
|
Debt Instruments (91.8%)
|
|
|
|
|
|
|
Argentina (0.2%)
|
|
|
|
|
|
|
Sovereign (0.2%)
|
|
|
|
|
|
|
Republic of Argentina,
|
|
|
|
|
|
|
8.28%, 12/31/33
|
|
$
|
131
|
|
$
|
75
|
|
|
|
|
|
|
|
|
|
Brazil (9.4%)
|
|
|
|
|
|
|
Corporate (0.6%)
|
|
|
|
|
|
|
Banco ABN Amro Real S.A.,
|
|
|
|
|
|
|
16.20%, 2/22/10
|
|
BRL
|
330
|
|
171
|
|
|
|
|
|
|
|
|
|
Sovereign (8.8%)
|
|
|
|
|
|
|
Banco Nacional de Desenvolvimento Economico
e Social,
|
|
|
|
|
|
|
6.37%, 6/16/18(a)
|
|
$
|
400
|
|
354
|
|
|
Brazil Notas do Tesouro Nacional,
|
|
|
|
|
|
|
10.00%, 1/1/14
|
|
BRL
|
420
|
|
185
|
|
|
Federative Republic of Brazil,
|
|
|
|
|
|
|
6.00%, 1/17/17
|
|
$
|
450
|
|
435
|
|
|
8.00%, 1/15/18
|
|
660
|
|
709
|
|
|
8.88%, 10/14/19 - 4/15/24
|
|
476
|
|
561
|
|
|
10.50%, 7/14/14
|
|
130
|
|
164
|
|
|
11.00%, 8/17/40
|
|
260
|
|
327
|
|
|
|
|
|
|
2,735
|
|
|
|
|
|
|
2,906
|
|
|
Bulgaria (0.4%)
|
|
|
|
|
|
|
Sovereign (0.4%)
|
|
|
|
|
|
|
Republic of Bulgaria,
|
|
|
|
|
|
|
8.25%, 1/15/15(a)
|
|
101
|
|
112
|
|
|
|
|
|
|
|
|
|
Canada (1.5%)
|
|
|
|
|
|
|
Corporate (1.5%)
|
|
|
|
|
|
|
Axcan Intermediate Holdings, Inc.,
|
|
|
|
|
|
|
12.75%, 3/1/16(a)
|
|
40
|
|
40
|
|
|
CanWest MediaWorks, Inc.,
|
|
|
|
|
|
|
8.00%, 9/15/12
|
|
171
|
|
144
|
|
|
Nortel Networks Ltd.,
|
|
|
|
|
|
|
10.75%, 7/15/16(a)
|
|
75
|
|
46
|
|
|
Novelis, Inc.,
|
|
|
|
|
|
|
7.25%, 2/15/15
|
|
175
|
|
153
|
|
|
OPTI Canada, Inc.,
|
|
|
|
|
|
|
8.25%, 12/15/14
|
|
75
|
|
68
|
|
|
|
|
|
|
451
|
|
|
Chile (0.8%)
|
|
|
|
|
|
|
Corporate (0.8%)
|
|
|
|
|
|
|
Empresa Nacional de Petroleo,
|
|
|
|
|
|
|
6.75%, 11/15/12(a)
|
|
250
|
|
257
|
|
|
|
|
|
|
|
|
|
Colombia (1.0%)
|
|
|
|
|
|
|
Sovereign (1.0%)
|
|
|
|
|
|
|
Republic of Colombia,
|
|
|
|
|
|
|
7.38%, 1/27/17
|
|
100
|
|
105
|
|
|
11.75%, 2/25/20
|
|
140
|
|
194
|
|
|
|
|
|
|
299
|
|
|
Denmark (0.3%)
|
|
|
|
|
|
|
Corporate (0.3%)
|
|
|
|
|
|
|
Nordic Telephone Co. Holdings A.p.S.,
|
|
|
|
|
|
|
8.88%, 5/1/16(a)
|
|
35
|
|
32
|
|
|
TDC AS,
|
|
|
|
|
|
|
|
6.50%, 4/19/12
|
|
EUR
|
40
|
|
54
|
|
|
|
|
|
|
86
|
|
|
Ecuador (1.1%)
|
|
|
|
|
|
|
Sovereign (1.1%)
|
|
|
|
|
|
|
Republic of Ecuador,
|
|
|
|
|
|
|
9.38%, 12/15/15
|
|
$
|
220
|
|
186
|
|
|
10.00%, 8/15/30
|
|
190
|
|
138
|
|
|
|
|
|
|
324
|
|
|
France (0.4%)
|
|
|
|
|
|
|
Corporate (0.4%)
|
|
|
|
|
|
|
Cie Generale de Geophysique-Veritas S.A.,
|
|
|
|
|
|
|
7.50%, 5/15/15
|
|
65
|
|
62
|
|
|
Crown
European Holdings S.A.,
|
|
|
|
|
|
|
6.25%, 9/1/11
|
|
EUR
|
50
|
|
64
|
|
|
|
|
|
|
126
|
|
|
Ghana (0.8%)
|
|
|
|
|
|
|
Sovereign (0.8%)
|
|
|
|
|
|
|
Republic of Ghana,
|
|
|
|
|
|
|
8.50%, 10/4/17(a)
|
|
$
|
250
|
|
238
|
|
|
|
|
|
|
|
|
|
Indonesia (3.6%)
|
|
|
|
|
|
|
Corporate (0.9%)
|
|
|
|
|
|
|
Pindo Deli Finance Mauritius,
|
|
|
|
|
|
|
Tranche A, 4.83%, 4/28/15(a)(b)
|
|
30
|
|
22
|
|
|
Tranche B, 4.83%, 4/28/18(a)(b)
|
|
146
|
|
51
|
|
|
Tranche C, Zero Coupon, 4/28/25(b)
|
|
587
|
|
44
|
|
|
Tjiwi Kimia Finance Mauritius Ltd.,
|
|
|
|
|
|
|
Tranche A, 4.83%, 4/28/15(a)(b)
|
|
105
|
|
74
|
|
|
Tranche B, 4.83%, 4/28/18(a)(b)
|
|
144
|
|
48
|
|
|
Tranche C, Zero Coupon, 4/28/27(a)(b)
|
|
268
|
|
19
|
|
|
|
|
|
|
258
|
|
|
Sovereign (2.7%)
|
|
|
|
|
|
|
Republic of Indonesia,
|
|
|
|
|
|
|
6.88%, 1/17/18(a)
|
|
192
|
|
176
|
|
|
7.75%, 1/17/38(a)
|
|
764
|
|
692
|
|
|
|
|
|
|
868
|
|
|
|
|
|
|
1,126
|
|
|
Ireland (0.3%)
|
|
|
|
|
|
|
Corporate (0.3%)
|
|
|
|
|
|
|
VIP Finance Ireland Ltd. for OJSC Vimpel
Communications,
|
|
|
|
|
|
|
9.13%, 4/30/18(a)
|
|
100
|
|
78
|
|
|
|
|
|
|
|
|
|
Ivory Coast (0.2%)
|
|
|
|
|
|
|
Sovereign (0.2%)
|
|
|
|
|
|
|
Ivory Coast,
|
|
|
|
|
|
|
Zero Coupon, 3/31/18(c)
|
|
180
|
|
62
|
|
|
|
|
|
|
|
|
|
|
|
|
Third
Quarter Report
|
|
|
|
|
|
September
30, 2008 (unaudited)
|
|
Portfolio
of Investments (cont’d)
(Showing
percentage of Total Value of Investments)
Morgan Stanley Global Opportunity Bond Fund, Inc.
|
|
|
Face Amount
(000)
|
|
Value
(000)
|
|
|
Kazakhstan (1.3%)
|
|
|
|
|
|
|
Sovereign (1.3%)
|
|
|
|
|
|
|
Intergas Finance BV,
|
|
|
|
|
|
|
6.38%, 5/14/17
|
|
$
|
90
|
|
$
|
68
|
|
|
KazMunaiGaz Finance Sub BV,
|
|
|
|
|
|
|
9.13%, 7/2/18(a)
|
|
400
|
|
342
|
|
|
|
|
|
|
410
|
|
|
Luxembourg (1.0%)
|
|
|
|
|
|
|
Corporate (1.0%)
|
|
|
|
|
|
|
Evraz Group S.A.,
|
|
|
|
|
|
|
9.50%, 4/24/18(a)
|
|
100
|
|
73
|
|
|
FMC Finance III S.A.,
|
|
|
|
|
|
|
6.88%, 7/15/17
|
|
120
|
|
116
|
|
|
Wind Acquisition Finance S.A.,
|
|
|
|
|
|
|
10.75%, 12/1/15(a)
|
|
115
|
|
113
|
|
|
|
|
|
|
302
|
|
|
Mexico (8.7%)
|
|
|
|
|
|
|
Sovereign (8.7%)
|
|
|
|
|
|
|
Mexican Bonos,
|
|
|
|
|
|
|
|
8.00%, 12/17/15
|
|
MXN
|
1,812
|
|
162
|
|
|
10.00%, 12/5/24
|
|
3,890
|
|
405
|
|
|
Pemex Project Funding Master Trust,
|
|
|
|
|
|
|
4.12%, 6/15/10(a)(b)
|
|
$
|
330
|
|
325
|
|
|
5.75%, 3/1/18(a)
|
|
670
|
|
636
|
|
|
8.63%, 12/1/23
|
|
250
|
|
282
|
|
|
9.13%, 10/13/10
|
|
360
|
|
386
|
|
|
United Mexican States,
|
|
|
|
|
|
|
5.63%, 1/15/17
|
|
318
|
|
311
|
|
|
6.75%, 9/27/34
|
|
95
|
|
96
|
|
|
8.38%, 1/14/11
|
|
85
|
|
92
|
|
|
|
|
|
|
2,695
|
|
|
Netherlands (0.5%)
|
|
|
|
|
|
|
Corporate (0.5%)
|
|
|
|
|
|
|
Intergen N.V.,
|
|
|
|
|
|
|
9.00%, 6/30/17(a)
|
|
105
|
|
105
|
|
|
NXP B.V./NXP Funding LLC,
|
|
|
|
|
|
|
7.88%, 10/15/14
|
|
75
|
|
51
|
|
|
|
|
|
|
156
|
|
|
Nigeria (0.7%)
|
|
|
|
|
|
|
Sovereign (0.7%)
|
|
|
|
|
|
|
UBS AG, Federal Republic of Nigeria, Credit
Linked Unsecured Notes,
|
|
|
|
|
|
|
Zero Coupon, 4/9/09
|
|
NGN
|
27,400
|
|
220
|
|
|
|
|
|
|
|
|
|
|
Panama (1.2%)
|
|
|
|
|
|
|
Sovereign (1.2%)
|
|
|
|
|
|
|
Republic of Panama,
|
|
|
|
|
|
|
|
7.25%, 3/15/15
|
|
$
|
95
|
|
99
|
|
|
9.38%, 4/1/29
|
|
206
|
|
257
|
|
|
|
|
|
|
356
|
|
|
Peru (2.8%)
|
|
|
|
|
|
|
Sovereign (2.8%)
|
|
|
|
|
|
|
Republic of Peru,
|
|
|
|
|
|
|
6.55%, 3/14/37
|
|
205
|
|
189
|
|
|
8.38%, 5/3/16
|
|
90
|
|
96
|
|
|
8.75%, 11/21/33
|
|
305
|
|
365
|
|
|
9.88%, 2/6/15
|
|
180
|
|
206
|
|
|
|
|
|
|
856
|
|
|
Philippines (3.1%)
|
|
|
|
|
|
|
Sovereign (3.1%)
|
|
|
|
|
|
|
Republic of Philippines,
|
|
|
|
|
|
|
8.88%, 3/17/15
|
|
|
544
|
|
|
610
|
|
|
9.00%, 2/15/13
|
|
180
|
|
199
|
|
|
9.50%, 2/2/30
|
|
113
|
|
140
|
|
|
|
|
|
|
949
|
|
|
Qatar (0.6%)
|
|
|
|
|
|
|
Sovereign (0.6%)
|
|
|
|
|
|
|
State of Qatar (Registered),
|
|
|
|
|
|
|
9.75%, 6/15/30
|
|
110
|
|
172
|
|
|
|
|
|
|
|
|
|
Russia (7.7%)
|
|
|
|
|
|
|
Corporate (0.9%)
|
|
|
|
|
|
|
Gaz Capital S.A.,
|
|
|
|
|
|
|
6.51%, 3/7/22(a)
|
|
100
|
|
72
|
|
|
TNK-BP Finance S.A.,
|
|
|
|
|
|
|
7.88%, 3/13/18(a)
|
|
295
|
|
208
|
|
|
|
|
|
|
280
|
|
|
Sovereign (6.8%)
|
|
|
|
|
|
|
Citigroup, Inc., OJSC Russian
Agricultural Bank, Credit Linked Unsecured Notes,
|
|
|
|
|
|
|
Zero Coupon, 2/24/10
|
|
189
|
|
159
|
|
|
RSHB Capital S.A. for OJSC Russian Agricultural
Bank,
|
|
|
|
|
|
|
6.30%, 5/15/17(a)
|
|
100
|
|
72
|
|
|
7.18%, 5/16/13(a)
|
|
310
|
|
264
|
|
|
Russian Federation (Registered),
|
|
|
|
|
|
|
7.50%, 3/31/30
|
|
899
|
|
910
|
|
|
12.75%, 6/24/28
|
|
65
|
|
104
|
|
|
Russian Federation,
|
|
|
|
|
|
|
7.50%, 3/31/30(a)
|
|
295
|
|
299
|
|
|
Russian Ministry of Finance,
|
|
|
|
|
|
|
3.00%, 5/14/11
|
|
310
|
|
298
|
|
|
|
|
|
|
2,106
|
|
|
|
|
|
|
2,386
|
|
|
South Korea (0.6%)
|
|
|
|
|
|
|
Sovereign (0.6%)
|
|
|
|
|
|
|
Korea Development Bank,
|
|
|
|
|
|
|
5.30%, 1/17/13
|
|
200
|
|
199
|
|
|
|
|
|
|
|
|
|
Trinidad (0.5%)
|
|
|
|
|
|
|
Corporate (0.5%)
|
|
|
|
|
|
|
National Gas Co. of Trinidad &
Tobago Ltd.,
|
|
|
|
|
|
|
6.05%, 1/15/36(a)
|
|
172
|
|
150
|
|
|
|
|
|
|
|
|
|
Turkey (4.3%)
|
|
|
|
|
|
|
Sovereign (4.3%)
|
|
|
|
|
|
|
Republic of Turkey,
|
|
|
|
|
|
|
6.75%, 4/3/18
|
|
529
|
|
497
|
|
|
11.00%, 1/14/13
|
|
527
|
|
608
|
|
|
11.50%, 1/23/12
|
|
20
|
|
23
|
|
|
11.88%, 1/15/30
|
|
134
|
|
193
|
|
|
|
|
|
|
1,321
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third
Quarter Report
|
|
|
|
|
|
September
30, 2008 (unaudited)
|
Portfolio
of Investments (cont’d)
(Showing
percentage of Total Value of Investments)
Morgan Stanley Global Opportunity Bond Fund, Inc.
|
|
|
Face Amount
(000)
|
|
Value
(000)
|
|
|
United Kingdom (0.1%)
|
|
|
|
|
|
|
Corporate (0.1%)
|
|
|
|
|
|
|
Virgin Media Finance plc,
|
|
|
|
|
|
|
8.75%, 4/15/14
|
|
$
|
20
|
|
$
|
17
|
|
|
|
|
|
|
|
|
|
United States (35.3%)
|
|
|
|
|
|
|
Bank Loans (0.5%) (d)
|
|
|
|
|
|
|
First Data Corp.,
|
|
|
|
|
|
|
5.93%, 9/24/14
|
|
46
|
|
40
|
|
|
5.95%, 9/24/14
|
|
47
|
|
40
|
|
|
6.51%, 9/24/14
|
|
6
|
|
5
|
|
|
Sandridge Energy, Inc.,
|
|
|
|
|
|
|
8.63%, 4/1/15(a)
|
|
85
|
|
77
|
|
|
|
|
|
|
162
|
|
|
Corporate (34.4%)
|
|
|
|
|
|
|
AES Corp. (The),
|
|
|
|
|
|
|
7.75%, 3/1/14
|
|
40
|
|
37
|
|
|
8.00%, 6/1/20(a)
|
|
160
|
|
141
|
|
|
American Tower Corp.,
|
|
|
|
|
|
|
7.13%, 10/15/12
|
|
120
|
|
119
|
|
|
7.50%, 5/1/12
|
|
75
|
|
74
|
|
|
Aramark Corp.,
|
|
|
|
|
|
|
5.00%, 6/1/12
|
|
50
|
|
42
|
|
|
6.30%, 2/1/15(b)
|
|
5
|
|
4
|
|
|
8.50%, 2/1/15
|
|
30
|
|
28
|
|
|
ArvinMeritor, Inc.,
|
|
|
|
|
|
|
8.75%, 3/1/12
|
|
85
|
|
72
|
|
|
Baldor Electric Co.,
|
|
|
|
|
|
|
8.63%, 2/15/17
|
|
40
|
|
38
|
|
|
Berry Plastics Holding Corp.,
|
|
|
|
|
|
|
8.88%, 9/15/14
|
|
125
|
|
98
|
|
|
10.25%, 3/1/16
|
|
80
|
|
53
|
|
|
Brown Shoe Co., Inc.,
|
|
|
|
|
|
|
8.75%, 5/1/12(e)
|
|
100
|
|
98
|
|
|
Cablevision Systems Corp.,
|
|
|
|
|
|
|
7.13%, 4/1/09(b)
|
|
155
|
|
153
|
|
|
Capmark Financial Group, Inc.,
|
|
|
|
|
|
|
5.88%, 5/10/12
|
|
290
|
|
145
|
|
|
6.30%, 5/10/17
|
|
10
|
|
4
|
|
|
Chaparral Energy, Inc.,
|
|
|
|
|
|
|
8.50%, 12/1/15(e)
|
|
140
|
|
111
|
|
|
8.88%, 2/1/17
|
|
20
|
|
16
|
|
|
Charter Communications Holdings I
LLC/Charter Communications Holdings I Capital Corp.,
|
|
|
|
|
|
|
11.00%, 10/1/15
|
|
85
|
|
57
|
|
|
Charter Communications Holdings II
LLC/Charter Communications Holdings II Capital Corp.,
|
|
|
|
|
|
|
10.25%, 10/1/13(a)
|
|
43
|
|
36
|
|
|
Chesapeake Energy Corp.,
|
|
|
|
|
|
|
7.50%, 9/15/13
|
|
140
|
|
136
|
|
|
7.63%, 7/15/13
|
|
25
|
|
24
|
|
|
CHS/Community Health Systems, Inc.,
|
|
|
|
|
|
|
8.88%, 7/15/15
|
|
85
|
|
81
|
|
|
Cimarex Energy Co.,
|
|
|
|
|
|
|
7.13%, 5/1/17
|
|
30
|
|
28
|
|
|
Constellations Brands, Inc.,
|
|
|
|
|
|
|
7.25%, 5/15/17
|
|
70
|
|
65
|
|
|
Crown Americas LLC/Crown Americas Capital Corp.,
|
|
|
|
|
|
|
7.63%, 11/15/13(e)
|
|
|
70
|
|
|
69
|
|
|
CSC Holdings, Inc.,
|
|
|
|
|
|
|
8.50%, 6/15/15(a)
|
|
40
|
|
37
|
|
|
DaVita, Inc.,
|
|
|
|
|
|
|
6.63%, 3/15/13(e)
|
|
220
|
|
209
|
|
|
Dex Media West LLC/Dex Media Finance Co.,
|
|
|
|
|
|
|
9.88%, 8/15/13
|
|
69
|
|
43
|
|
|
DirecTV Holdings LLC/Direct TV Financing
Co.,
|
|
|
|
|
|
|
6.38%, 6/15/15
|
|
15
|
|
13
|
|
|
7.63%, 5/15/16(a)
|
|
120
|
|
109
|
|
|
Dynegy Holdings, Inc.,
|
|
|
|
|
|
|
7.75%, 6/1/19
|
|
95
|
|
76
|
|
|
Echostar DBS Corp.,
|
|
|
|
|
|
|
6.38%, 10/1/11
|
|
75
|
|
69
|
|
|
6.63%, 10/1/14
|
|
50
|
|
40
|
|
|
Equitable Resources, Inc.,
|
|
|
|
|
|
|
6.50%, 4/1/18
|
|
50
|
|
48
|
|
|
Exodus Communications, Inc.,
|
|
|
|
|
|
|
11.63%, 7/15/10(c)(f)(g)
|
|
158
|
|
—
|
|
|
Expedia, Inc.,
|
|
|
|
|
|
|
8.50%, 7/1/16(a)
|
|
50
|
|
45
|
|
|
Fisher Scientific International, Inc.,
|
|
|
|
|
|
|
6.13%, 7/1/15(e)
|
|
170
|
|
165
|
|
|
Ford Motor Credit Co. LLC,
|
|
|
|
|
|
|
7.00%, 10/1/13(e)
|
|
275
|
|
168
|
|
|
7.25%, 10/25/11(e)
|
|
235
|
|
150
|
|
|
Foundation PA Coal Co.,
|
|
|
|
|
|
|
7.25%, 8/1/14
|
|
35
|
|
34
|
|
|
Freeport-McMoran Copper & Gold, Inc.,
|
|
|
|
|
|
|
8.38%, 4/1/17
|
|
115
|
|
113
|
|
|
Freescale Semiconductor, Inc.,
|
|
|
|
|
|
|
8.88%, 12/15/14
|
|
155
|
|
108
|
|
|
Fresenius Medical Care Capital Trust IV,
|
|
|
|
|
|
|
7.88%, 6/15/11
|
|
35
|
|
36
|
|
|
Frontier Communications Corp.,
|
|
|
|
|
|
|
6.25%, 1/15/13
|
|
45
|
|
42
|
|
|
7.13%, 3/15/19
|
|
90
|
|
72
|
|
|
General Motors Acceptance Corp. LLC,
|
|
|
|
|
|
|
6.75%, 12/1/14
|
|
195
|
|
75
|
|
|
6.88%, 9/15/11(e)
|
|
255
|
|
114
|
|
|
General Motors Corp.,
|
|
|
|
|
|
|
8.38%, 7/15/33
|
|
85
|
|
34
|
|
|
Georgia-Pacific LLC,
|
|
|
|
|
|
|
7.13%, 1/15/17(a)
|
|
105
|
|
94
|
|
|
Glatfelter,
|
|
|
|
|
|
|
7.13%, 5/1/16
|
|
30
|
|
29
|
|
|
GrafTech Finance, Inc.,
|
|
|
|
|
|
|
10.25%, 2/15/12
|
|
4
|
|
4
|
|
|
Graham Packaging Co., Inc.,
|
|
|
|
|
|
|
8.50%, 10/15/12
|
|
30
|
|
28
|
|
|
9.88%, 10/15/14
|
|
135
|
|
118
|
|
|
Graphic Packaging International, Inc.,
|
|
|
|
|
|
|
9.50%, 8/15/13(e)
|
|
135
|
|
123
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third
Quarter Report
|
|
|
|
|
|
September
30, 2008 (unaudited)
|
|
Portfolio
of Investments (cont’d)
(Showing
percentage of Total Value of Investments)
Morgan Stanley Global Opportunity Bond Fund, Inc.
|
|
|
Face Amount
(000)
|
|
Value
(000)
|
|
|
United States (cont’d)
|
|
|
|
|
|
|
Harrah’s Operating Co., Inc,
|
|
|
|
|
|
|
5.38%, 12/15/13
|
|
$
|
295
|
|
$
|
96
|
|
|
HCA, Inc.,
|
|
|
|
|
|
|
5.75%, 3/15/14
|
|
55
|
|
43
|
|
|
6.25%, 2/15/13
|
|
40
|
|
34
|
|
|
6.50%, 2/15/16
|
|
50
|
|
40
|
|
|
7.58%, 9/15/25
|
|
65
|
|
48
|
|
|
7.69%, 6/15/25
|
|
25
|
|
19
|
|
|
8.75%, 9/1/10
|
|
35
|
|
35
|
|
|
9.13%, 11/15/14
|
|
75
|
|
73
|
|
|
Helix Energy Solutions Group, Inc.,
|
|
|
|
|
|
|
9.50%, 1/15/16(a)
|
|
90
|
|
85
|
|
|
Hilcorp Energy I LP/Hilcorp Finance Co.,
|
|
|
|
|
|
|
7.75%, 11/1/15(a)
|
|
185
|
|
160
|
|
|
Host Hotels & Resorts LP,
|
|
|
|
|
|
|
6.38%, 3/15/15
|
|
80
|
|
65
|
|
|
7.13%, 11/1/13
|
|
90
|
|
80
|
|
|
Idearc, Inc.,
|
|
|
|
|
|
|
8.00%, 11/15/16(e)
|
|
300
|
|
84
|
|
|
Innophos Holdings, Inc.,
|
|
|
|
|
|
|
9.50%, 4/15/12(a)
|
|
50
|
|
51
|
|
|
Innophos, Inc.,
|
|
|
|
|
|
|
8.88%, 8/15/14
|
|
80
|
|
80
|
|
|
Intelsat Corp.,
|
|
|
|
|
|
|
9.25%, 6/15/16(a)
|
|
125
|
|
116
|
|
|
Interface, Inc.,
|
|
|
|
|
|
|
9.50%, 2/1/14
|
|
90
|
|
91
|
|
|
10.38%, 2/1/10
|
|
30
|
|
31
|
|
|
Interpublic Group of Cos., Inc.,
|
|
|
|
|
|
|
6.25%, 11/15/14
|
|
55
|
|
46
|
|
|
Invacare Corp.,
|
|
|
|
|
|
|
9.75%, 2/15/15
|
|
20
|
|
20
|
|
|
Ipalco Enterprises, Inc.,
|
|
|
|
|
|
|
8.63%, 11/14/11
|
|
30
|
|
30
|
|
|
Iron Mountain, Inc.,
|
|
|
|
|
|
|
7.75%, 1/15/15
|
|
40
|
|
40
|
|
|
8.63%, 4/1/13(e)
|
|
130
|
|
130
|
|
|
Isle of Capri Casinos, Inc.,
|
|
|
|
|
|
|
7.00%, 3/1/14
|
|
280
|
|
189
|
|
|
Jarden Corp.,
|
|
|
|
|
|
|
7.50%, 5/1/17
|
|
115
|
|
96
|
|
|
Johnsondiversey, Inc.,
|
|
|
|
|
|
|
|
9.63%, 5/15/12
|
|
EUR
|
25
|
|
34
|
|
|
9.63%, 5/15/12(e)
|
|
$
|
125
|
|
126
|
|
|
KLA-Tencor Corp.,
|
|
|
|
|
|
|
6.90%, 5/1/18
|
|
85
|
|
79
|
|
|
Knight, Inc.,
|
|
|
|
|
|
|
6.50%, 9/1/12
|
|
41
|
|
39
|
|
|
Koppers Holdings, Inc.,
|
|
|
|
|
|
|
Zero Coupon, 11/15/14
|
|
60
|
|
54
|
|
|
Koppers, Inc.,
|
|
|
|
|
|
|
9.88%, 10/15/13
|
|
45
|
|
47
|
|
|
Las Vegas Sands Corp.,
|
|
|
|
|
|
|
6.38%, 2/15/15
|
|
200
|
|
154
|
|
|
Lender Processing Services, Inc.,
|
|
|
|
|
|
|
8.13%, 7/1/16(a)
|
|
10
|
|
10
|
|
|
Lin Television Corp.,
|
|
|
|
|
|
|
6.50%, 5/15/13
|
|
90
|
|
70
|
|
|
LVB Acquisition Merger Sub, Inc.,
|
|
|
|
|
|
|
10.38%, 10/15/17
|
|
50
|
|
50
|
|
|
Massey Energy Co.,
|
|
|
|
|
|
|
6.88%, 12/15/13
|
|
|
165
|
|
|
151
|
|
|
Medco Health Solutions, Inc.,
|
|
|
|
|
|
|
7.13%, 3/15/18
|
|
60
|
|
61
|
|
|
MGM Mirage,
|
|
|
|
|
|
|
6.00%, 10/1/09
|
|
200
|
|
188
|
|
|
Michael Foods, Inc.,
|
|
|
|
|
|
|
8.00%, 11/15/13
|
|
75
|
|
73
|
|
|
Nalco Co.,
|
|
|
|
|
|
|
7.75%, 11/15/11
|
|
55
|
|
54
|
|
|
National Mentor Holdings, Inc.,
|
|
|
|
|
|
|
11.25%, 7/1/14
|
|
75
|
|
75
|
|
|
Newfield Exploration Co.,
|
|
|
|
|
|
|
7.13%, 5/15/18
|
|
25
|
|
22
|
|
|
Nextel Communications, Inc.,
|
|
|
|
|
|
|
6.88%, 10/31/13
|
|
70
|
|
48
|
|
|
Nortek, Inc.,
|
|
|
|
|
|
|
8.50%, 9/1/14
|
|
130
|
|
75
|
|
|
NRG Energy, Inc.,
|
|
|
|
|
|
|
7.38%, 1/15/17
|
|
90
|
|
82
|
|
|
Omnicare, Inc.,
|
|
|
|
|
|
|
6.75%, 12/15/13
|
|
95
|
|
87
|
|
|
6.88%, 12/15/15
|
|
80
|
|
72
|
|
|
Ormat Funding Corp.,
|
|
|
|
|
|
|
8.25%, 12/30/20
|
|
131
|
|
120
|
|
|
Owens-Illinois, Inc.,
|
|
|
|
|
|
|
7.50%, 5/15/10(e)
|
|
285
|
|
283
|
|
|
Oxford Industries, Inc.,
|
|
|
|
|
|
|
8.88%, 6/1/11(e)
|
|
75
|
|
68
|
|
|
Pacific Energy Partners LP/Pacific Energy
Finance Corp.,
|
|
|
|
|
|
|
7.13%, 6/15/14
|
|
90
|
|
89
|
|
|
PanAmSat Corp.,
|
|
|
|
|
|
|
9.00%, 8/15/14(f)(g)
|
|
17
|
|
15
|
|
|
Penske Auto Group, Inc.,
|
|
|
|
|
|
|
7.75%, 12/15/16
|
|
80
|
|
57
|
|
|
Phillips-Van Heusen Corp.,
|
|
|
|
|
|
|
7.25%, 2/15/11(e)
|
|
125
|
|
123
|
|
|
Pilgrim’s Pride Corp.,
|
|
|
|
|
|
|
7.63%, 5/1/15
|
|
175
|
|
110
|
|
|
Plains Exploration & Production
Co.,
|
|
|
|
|
|
|
7.63%, 6/1/18
|
|
25
|
|
22
|
|
|
ProLogis,
|
|
|
|
|
|
|
6.63%, 5/15/18
|
|
25
|
|
22
|
|
|
Propex, Inc.,
|
|
|
|
|
|
|
10.00%, 12/1/12(c)(e)
|
|
90
|
|
1
|
|
|
Pulte Homes, Inc.,
|
|
|
|
|
|
|
6.38%, 5/15/33
|
|
15
|
|
11
|
|
|
Qwest Capital Funding, Inc.,
|
|
|
|
|
|
|
7.25%, 2/15/11
|
|
20
|
|
19
|
|
|
Qwest Communications International, Inc.,
|
|
|
|
|
|
|
6.30%, 2/15/09(b)(e)
|
|
51
|
|
51
|
|
|
Qwest Corp.,
|
|
|
|
|
|
|
5.63%, 11/15/08
|
|
25
|
|
25
|
|
|
RBS Global, Inc./Rexnord LLC,
|
|
|
|
|
|
|
9.50%, 8/1/14
|
|
140
|
|
132
|
|
|
Realogy Corp.,
|
|
|
|
|
|
|
10.50%, 4/15/14
|
|
115
|
|
51
|
|
|
Reliant Energy, Inc.,
|
|
|
|
|
|
|
7.88%, 6/15/17
|
|
90
|
|
67
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third
Quarter Report
|
|
|
|
|
|
September
30, 2008 (unaudited)
|
Portfolio
of Investments (cont’d)
(Showing
percentage of Total Value of Investments)
Morgan Stanley Global Opportunity Bond Fund, Inc.
|
|
|
Face Amount
(000)
|
|
Value
(000)
|
|
|
United States (cont’d)
|
|
|
|
|
|
|
Residential Capital LLC,
|
|
|
|
|
|
|
8.13%, 11/21/08
|
|
$
|
27
|
|
$
|
23
|
|
|
8.50%, 5/15/10(a)
|
|
5
|
|
3
|
|
|
9.63%, 5/15/15(a)
|
|
72
|
|
18
|
|
|
Rhythms Netconnections, Inc.,
|
|
|
|
|
|
|
14.00%, 2/15/10(c)(f)(g)
|
|
179
|
|
—
|
|
|
Rite Aid Corp.,
|
|
|
|
|
|
|
8.63%, 3/1/15
|
|
115
|
|
61
|
|
|
Rockwood Specialties Group, Inc.,
|
|
|
|
|
|
|
7.63%, 11/15/14
|
|
EUR
|
50
|
|
64
|
|
|
Sierra Pacific Power Co.,
|
|
|
|
|
|
|
|
6.25%, 4/15/12
|
|
$
|
70
|
|
71
|
|
|
Sirius XM Radio, Inc.,
|
|
|
|
|
|
|
9.63%, 8/1/13
|
|
55
|
|
29
|
|
|
Smithfield Foods, Inc.,
|
|
|
|
|
|
|
7.00%, 8/1/11(e)
|
|
70
|
|
61
|
|
|
8.00%, 10/15/09
|
|
25
|
|
24
|
|
|
Sonic Automotive, Inc.,
|
|
|
|
|
|
|
8.63%, 8/15/13
|
|
55
|
|
38
|
|
|
Sprint Capital Corp.,
|
|
|
|
|
|
|
6.90%, 5/1/19
|
|
145
|
|
113
|
|
|
Sprint Nextel Corp.,
|
|
|
|
|
|
|
6.00%, 12/1/16
|
|
140
|
|
108
|
|
|
Station Casinos, Inc.,
|
|
|
|
|
|
|
6.00%, 4/1/12
|
|
165
|
|
93
|
|
|
Sun Healthcare Group, Inc.,
|
|
|
|
|
|
|
9.13%, 4/15/15
|
|
65
|
|
62
|
|
|
SunGard Data Systems, Inc.,
|
|
|
|
|
|
|
9.13%, 8/15/13
|
|
95
|
|
86
|
|
|
SUPERVALU, Inc.,
|
|
|
|
|
|
|
7.50%, 5/15/12 - 11/15/14
|
|
115
|
|
112
|
|
|
Tenet Healthcare Corp.,
|
|
|
|
|
|
|
7.38%, 2/1/13
|
|
185
|
|
169
|
|
|
9.88%, 7/1/14
|
|
45
|
|
44
|
|
|
Terra Capital, Inc.,
|
|
|
|
|
|
|
7.00%, 2/1/17
|
|
90
|
|
86
|
|
|
Texas Competitive Electric
|
|
|
|
|
|
|
Holdings Co. LLC,
|
|
|
|
|
|
|
10.25%,11/1/15(a)
|
|
245
|
|
222
|
|
|
Valassis Communications, Inc.,
|
|
|
|
|
|
|
8.25%, 3/1/15
|
|
115
|
|
80
|
|
|
Vangent, Inc.,
|
|
|
|
|
|
|
9.63%, 2/15/15
|
|
65
|
|
53
|
|
|
Warner Chilcott Corp.,
|
|
|
|
|
|
|
8.75%, 2/1/15
|
|
77
|
|
76
|
|
|
Westlake Chemical Corp.,
|
|
|
|
|
|
|
6.63%, 1/15/16
|
|
90
|
|
77
|
|
|
Williams Cos., Inc.,
|
|
|
|
|
|
|
7.88%, 9/1/21
|
|
180
|
|
180
|
|
|
Windstream Corp.,
|
|
|
|
|
|
|
8.13%, 8/1/13
|
|
40
|
|
38
|
|
|
XM Satellite Radio Holdings, Inc.,
|
|
|
|
|
|
|
13.00%, 8/1/14(a)
|
|
80
|
|
48
|
|
|
|
|
|
|
10,663
|
|
|
Mortgage Securities (0.4%)
|
|
|
|
|
|
|
American Home Mortgage Assets,
|
|
|
|
|
|
|
3.52%, 10/25/46(b)(f)
|
|
78
|
|
14
|
|
|
CA FM Lease Trust,
|
|
|
|
|
|
|
8.50%, 7/15/17(a)
|
|
70
|
|
78
|
|
|
Countrywide Alternative Loan Trust,
|
|
|
|
|
|
|
3.47%, 3/20/47(b)(f)
|
|
$
|
56
|
|
$
|
12
|
|
|
3.73%, 10/25/46(b)(f)(g)
|
|
50
|
|
1
|
|
|
3.91%, 2/25/36(b)(f)(g)
|
|
25
|
|
1
|
|
|
4.03%, 1/25/36(b)(f)
|
|
85
|
|
2
|
|
|
Harborview Mortgage Loan Trust,
|
|
|
|
|
|
|
3.03%, 8/21/36(b)(f)(g)
|
|
50
|
|
1
|
|
|
3.18%, 1/19/36(b)(f)(g)
|
|
74
|
|
2
|
|
|
Mastr Adjustable Rate Mortgages Trust,
|
|
|
|
|
|
|
3.61%, 1/25/47(b)(f)
|
|
25
|
|
—@
|
|
|
|
|
|
|
111
|
|
|
|
|
|
|
10,936
|
|
|
Venezuela (3.4%)
|
|
|
|
|
|
|
Sovereign (3.4%)
|
|
|
|
|
|
|
Republic of Venezuela,
|
|
|
|
|
|
|
8.50%, 10/8/14
|
|
120
|
|
95
|
|
|
9.25%, 9/15/27
|
|
751
|
|
562
|
|
|
10.75%, 9/19/13
|
|
440
|
|
406
|
|
|
|
|
|
|
1,063
|
|
|
Total Debt Instruments (Cost $32,427)
|
|
|
|
28,328
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares
|
|
|
|
|
Common Stocks (0.0%)
|
|
|
|
|
|
|
United States (0.0%)
|
|
|
|
|
|
|
PNM Resources, Inc.
|
|
23
|
|
—@
|
|
|
SW Acquisition LP (f)(g)(h)
|
|
1
|
|
—
|
|
|
XO Holdings, Inc. (h)
|
|
287
|
|
—@
|
|
|
Total Common Stocks (Cost $1)
|
|
|
|
—@
|
|
|
|
|
|
|
|
|
|
Preferred Stocks (0.0%)
|
|
|
|
|
|
|
Fannie Mae, 8.75%
|
|
|
|
|
|
|
(Convertible)
(Cost $20)
|
|
405
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
No. of
|
|
|
|
|
|
|
Warrants
|
|
|
|
|
Warrants (0.5%)
|
|
|
|
|
|
|
Nigeria (0.4%)
|
|
|
|
|
|
|
Central Bank of Nigeria, expires 11/15/20
(b)
|
|
500
|
|
109
|
|
|
|
|
|
|
|
|
|
United States (0.0%)
|
|
|
|
|
|
|
XO Holdings, Inc., Series A,
expires 1/16/10 (h)
|
|
576
|
|
—@
|
|
|
XO Holdings, Inc., Series B,
expires 1/16/10 (h)
|
|
432
|
|
—@
|
|
|
XO Holdings, Inc., Series C,
expires 1/16/10 (h)
|
|
433
|
|
—@
|
|
|
|
|
|
|
—@
|
|
|
Venezuela (0.1%)
|
|
|
|
|
|
|
Republic of Venezuela, Oil- Linked Payment
Obligation, expires 4/15/20 (b)
|
|
950
|
|
34
|
|
|
Total Warrants (Cost $—)
|
|
|
|
143
|
|
|
|
|
|
|
|
|
|
|
|
|
Third
Quarter Report
|
|
|
|
|
|
September
30, 2008 (unaudited)
|
|
Portfolio
of Investments (cont’d)
(Showing
percentage of Total Value of Investments)
Morgan Stanley Global Opportunity Bond Fund, Inc.
|
|
|
|
|
Value
|
|
|
|
|
Shares
|
|
(000)
|
|
|
Short-Term Investments (7.7%)
|
|
|
|
|
|
|
United States (8.4%)
|
|
|
|
|
|
|
Investment Company (8.1%)
|
|
|
|
|
|
|
Morgan Stanley Institutional Liquidity
Money Market Portfolio — Institutional Class (i)
|
|
2,320,900
|
|
$
|
2,321
|
|
|
|
|
|
|
|
|
|
|
|
Face Amount
|
|
|
|
|
|
|
(000)
|
|
|
|
|
U.S. Treasury Security (0.3%)
|
|
|
|
|
|
|
U.S. Treasury Bill,
|
|
|
|
|
|
|
0.17%, 10/9/08(j)(k)
|
|
$
|
60
|
|
60
|
|
|
Total Short-Term Investments (Cost $2,381)
|
|
|
|
2,381
|
|
|
Total Investments (100.0%) (Cost $34,829) +
|
|
|
|
30,853
|
|
|
Liabilities in Excess of Other Assets
|
|
|
|
(2,349
|
)
|
|
Net Assets
|
|
|
|
$
|
28,504
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
|
144A
security — Certain conditions for public sale may exist. Unless otherwise
noted, these securities are deemed to be liquid.
|
|
(b)
|
|
Variable/Floating
Rate Security — Interest rate changes on these instruments are based on
changes in a designated base rate. The rates shown are those in effect on
September 30, 2008.
|
|
(c)
|
|
Issuer
is in default.
|
|
(d)
|
|
Remaining
maturities of bank loans may be less than stated maturities shown as a result
of contractual or optional prepayments by the borrower. Such payments cannot
be predicted with certainty. These loans may be subject to restrictions on
resale. Bank loans generally have rates of interest which are determined
periodically by reference to a base lending rate plus a premium.
|
|
(e)
|
|
Denotes
all or a portion of securities subject to repurchase under the Reverse
Repurchase Agreements as of September 30, 2008
|
|
(f)
|
|
Securities
were valued at fair value — At September 30, 2008, the Fund held
approximately $48,000 of fair valued securities, representing 0.2% of net
assets.
|
|
(g)
|
|
Security
has been deemed illiquid at September 30, 2008
|
|
(h)
|
|
Non-income
producing security.
|
|
(i)
|
|
The
Fund invests in the Morgan Stanley Institutional Liquidity 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, 2008, advisory fees paid were reduced by
approximately $1,000 relating to the Fund’s investment in the Liquidity Fund.
For the same period, income distributions earned by the Fund are recorded as
dividends from affiliates and totaled approximately $18,000. For the period
ended September 30, 2008, the approximate cost of purchases and sales in
the Liquidity Fund were $11,201,000 and $9,715,000, respectively.
|
|
(j)
|
|
Rate
shown is the yield to maturity at September 30, 2008.
|
|
(k)
|
|
All
or a portion of the security was pledged to cover margin requirements for
futures contracts.
|
|
@
|
|
Value
is less than $500.
|
|
+
|
|
At
September 30, 2008, the U.S. Federal income tax cost basis of
investments was approximately $34,829,000 and, accordingly, net unrealized
depreciation for U.S. Federal income tax purposes was $3,976,000 of which
$560,000 related to appreciated securities and $4,536,000 related to
depreciated securities.
|
Foreign Currency Exchange Contract Information:
The
Fund had the following foreign currency exchange contract(s) open at
period end:
|
|
|
|
|
|
|
|
|
|
|
Net
|
|
|
Currency
|
|
|
|
|
|
In
|
|
|
|
Unrealized
|
|
|
To
|
|
|
|
|
|
Exchange
|
|
|
|
Appreciation
|
|
|
Deliver
|
|
Value
|
|
Settlement
|
|
For
|
|
Value
|
|
(Depreciation)
|
|
|
(000)
|
|
(000)
|
|
Date
|
|
(000)
|
|
(000)
|
|
(000)
|
|
|
EUR
|
165
|
|
$
|
233
|
|
10/31/08
|
|
USD
|
256
|
|
$
|
256
|
|
$
|
23
|
|
|
|
|
$
|
233
|
|
|
|
|
|
$
|
256
|
|
$
|
23
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BRL
|
—
|
Brazilian
Real
|
|
EUR
|
—
|
Euro
|
|
MXN
|
—
|
Mexican
Peso
|
|
NGN
|
—
|
Nigerian
Naira
|
|
USD
|
—
|
United
States Dollar
|
Futures Contracts:
The
Fund had the following futures contract(s) open at period end:
|
|
|
|
|
|
|
|
|
Net Unrealized
|
|
|
|
|
Number
|
|
|
|
|
|
Appreciation
|
|
|
|
|
of
|
|
Value
|
|
Expiration
|
|
(Depreciation)
|
|
|
|
|
Contracts
|
|
(000)
|
|
Date
|
|
(000)
|
|
|
Short:
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury 2 yr. Note
|
|
3
|
|
$
|
640
|
|
Dec-08
|
|
$
|
(4
|
)
|
|
U.S. Treasury 5 yr. Note
|
|
43
|
|
4,826
|
|
Dec-08
|
|
(23
|
)
|
|
|
|
|
|
|
|
|
|
$
|
(27
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third
Quarter Report
|
|
|
|
|
|
September
30, 2008 (unaudited)
|
Portfolio
of Investments
(Showing
percentage of Total Value of Investments)
Morgan Stanley Global Opportunity Bond Fund, Inc.
Credit Default Swap Contracts
The
Portfolio had the following credit default swap agreement(s) open at
period end:
|
Swap Counterparty and Reference Obligation
|
|
Buy/Sell
Protection
|
|
Notional
Amount
(000)
|
|
Pay/Receive
Fixed Rate
|
|
Termination
Date
|
|
Unrealized
Appreciation
(Depreciation)
(000)
|
|
|
Bank of America
|
|
|
|
|
|
|
|
|
|
|
|
|
Carnival Corp., 6.65%, 1/15/28
|
|
Buy
|
|
$
|
95
|
|
1.57
|
%
|
3/20/18
|
|
$
|
(2
|
)
|
|
Goodrich Corp., 7.63%, 12/15/12
|
|
Buy
|
|
45
|
|
0.82
|
|
3/20/18
|
|
(1
|
)
|
|
Pactiv Corp., 8.13%, 6/15/17
|
|
Buy
|
|
40
|
|
1.38
|
|
3/20/13
|
|
(1
|
)
|
|
Toll Brothers Finance Corp., 6.88%,
11/15/12
|
|
Buy
|
|
80
|
|
2.90
|
|
3/20/13
|
|
(2
|
)
|
|
Citigroup
|
|
|
|
|
|
|
|
|
|
|
|
|
Eaton Corp., 7.65%, 11/15/29
|
|
Buy
|
|
60
|
|
0.82
|
|
3/20/18
|
|
2
|
|
|
Credit Suisse
|
|
|
|
|
|
|
|
|
|
|
|
|
Arrow Electronics, Inc., 6.88%, 6/1/18
|
|
Buy
|
|
100
|
|
1.00
|
|
3/20/15
|
|
(2
|
)
|
|
Pactiv Corp., 8.13%, 6/15/17
|
|
Buy
|
|
140
|
|
1.35
|
|
3/20/13
|
|
(2
|
)
|
|
Deutsche Bank
|
|
|
|
|
|
|
|
|
|
|
|
|
Pactiv Corp., 8.13%, 6/15/17
|
|
Buy
|
|
40
|
|
1.34
|
|
3/20/13
|
|
(1
|
)
|
|
Goldman Sachs
|
|
|
|
|
|
|
|
|
|
|
|
|
American Standard, Inc., 7.63%,
2/15/10
|
|
Buy
|
|
30
|
|
0.50
|
|
3/20/18
|
|
—@
|
|
|
American Standard, Inc., 7.63%,
2/15/10
|
|
Buy
|
|
15
|
|
0.60
|
|
3/20/18
|
|
— @
|
|
|
AvalonBay Communities, Inc., 6.13%,
11/1/12
|
|
Buy
|
|
140
|
|
2.20
|
|
6/20/13
|
|
—@
|
|
|
Coca-Cola Enterprises, Inc., 6.13%,
8/15/11
|
|
Buy
|
|
160
|
|
0.59
|
|
3/20/13
|
|
(1
|
)
|
|
Dow Jones CDX North America Investment
Grade High Volatility Index, Series 9
|
|
Sell
|
|
90
|
|
1.40
|
|
12/20/12
|
|
(2
|
)
|
|
Eaton Corp., 7.65%, 11/15/29
|
|
Buy
|
|
50
|
|
0.97
|
|
3/20/18
|
|
1
|
|
|
Goodrich Corp., 7.63%, 12/15/12
|
|
Buy
|
|
50
|
|
0.47
|
|
3/20/18
|
|
—@
|
|
|
Prologis, 5.50%, 3/1/13
|
|
Buy
|
|
45
|
|
2.97
|
|
6/20/13
|
|
3
|
|
|
Sealed Air Corp., 5.63%, 7/15/13
|
|
Buy
|
|
30
|
|
1.24
|
|
3/20/18
|
|
1
|
|
|
JPMorgan Chase
|
|
|
|
|
|
|
|
|
|
|
|
|
Interpublic Group of Cos., Inc.
|
|
Buy
|
|
50
|
|
3.60
|
|
9/20/13
|
|
2
|
|
|
Nordstrom, Inc., 6.95%, 3/15/28
|
|
Buy
|
|
50
|
|
1.15
|
|
3/20/18
|
|
1
|
|
|
SLM Corp., 5.13%, 8/27/12
|
|
Buy
|
|
45
|
|
4.95
|
|
3/20/13
|
|
(12
|
)
|
|
Merrill Lynch
|
|
|
|
|
|
|
|
|
|
|
|
|
Carnival Corp., 6.65%, 1/15/28
|
|
Buy
|
|
55
|
|
1.60
|
|
3/20/18
|
|
(1
|
)
|
|
Dow Jones CDX North America Investment
Grade High Volatility Index, Series 9
|
|
Sell
|
|
90
|
|
1.40
|
|
12/20/12
|
|
—@
|
|
|
Eaton Corp., 7.65%, 11/15/29
|
|
Buy
|
|
60
|
|
0.92
|
|
3/20/18
|
|
—
|
|
|
SLM Corp., 5.13%, 8/27/12
|
|
Buy
|
|
45
|
|
5.00
|
|
3/20/13
|
|
(12
|
)
|
|
Walt Disney Co. (The), 5.63%, 9/15/16
|
|
Buy
|
|
230
|
|
0.77
|
|
3/20/13
|
|
(3
|
)
|
|
UBS
|
|
|
|
|
|
|
|
|
|
|
|
|
American Standard, Inc., 7.63%,
2/15/10
|
|
Buy
|
|
55
|
|
0.50
|
|
3/20/13
|
|
—@
|
|
|
American Standard, Inc., 7.63%,
2/15/10
|
|
Buy
|
|
35
|
|
0.60
|
|
3/20/18
|
|
—@
|
|
|
Dow Jones CDX North America High Yield,
Series 10
|
|
Sell
|
|
250
|
|
5.00
|
|
6/20/13
|
|
(16
|
)
|
|
Martin Marietta Materials, Inc.,
6.88%, 4/1/11
|
|
Buy
|
|
25
|
|
1.73
|
|
3/20/18
|
|
—@
|
|
|
Martin Marietta Materials, Inc.,
6.88%, 4/1/11
|
|
Buy
|
|
40
|
|
1.78
|
|
3/20/13
|
|
—@
|
|
|
Toll Brothers Finance Corp., 6.88%,
11/15/12
|
|
Buy
|
|
120
|
|
2.90
|
|
3/20/13
|
|
(2
|
)
|
|
|
|
|
|
|
|
|
|
|
|
$
|
(48
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Swap Contracts
The
Portfolio had the following interest rate swap agreement(s) open at period
end:
|
|
|
|
|
|
|
|
|
|
|
Notional
|
|
Unrealized
|
|
|
|
|
Floating Rate
|
|
Pay/Receive
|
|
|
|
Termination
|
|
Amount
|
|
Appreciation
|
|
|
Swap Counterparty
|
|
Index
|
|
Floating Rate
|
|
Fixed Rate
|
|
Date
|
|
(000)
|
|
(000)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
JPMorgan Chase
|
|
3 Month LIBOR
|
|
Pay
|
|
4.39
|
%
|
12/11/12
|
|
$
|
3,750
|
|
$
|
109
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
109
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIBOR
— London Inter Bank Offer Rate
At
September 30, 2008, the Fund had reverse repurchase agreements outstanding
with UBS Warburg as follows:
|
UBS Warburg Agreement
|
|
Maturity in
less than
366 Days
|
|
|
|
|
Value of Securities Subject to Repurchase
|
|
$
|
1,792,665
|
|
|
Liability Under Reverse Repurchase
Agreement
|
|
$
|
1,792,665
|
|
|
Weighted Average Days to Maturity
|
|
76.34
|
|
Notes to Portfolio of Investments (unaudited)
The
Fund adopted Financial Accounting Standards Board Statement of Financial
Accounting Standards No. 157, “Fair Value Measurements” (“SFAS 157”),
effective January 1, 2008. In accordance with 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. SFAS 157 establishes a
three-tier hierarchy to distinguish between (1) inputs that reflect the
assumptions market participants would use in pricing 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 pricing 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 – 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.
The
following is a summary of the inputs used as of September 30, 2008 in
valuing the Fund’s investments carried at value:
|
Valuation Inputs
|
|
Investments in
Securities
(000)
|
|
Other Financial
Instruments*
(000)
|
|
|
|
|
|
|
|
|
|
Level 1 - Quoted Prices
|
|
$
|
2,322
|
|
$
|
(27
|
)
|
|
Level 2 - Other Significant Observable
Inputs
|
|
28,483
|
|
(1,709
|
)
|
|
Level 3 - Significant Unobservable Inputs
|
|
48
|
|
—
|
|
|
Total
|
|
$
|
30,853
|
|
$
|
(1,736
|
)
|
*Other
financial instruments include futures, forwards, reverse repurchase agreements
and swap contracts.
Following
is a reconciliation of investments in which significant unobservable inputs
(Level 3) were used in determining value:
|
|
|
Investments in
Securities
(000)
|
|
Other Financial
Instruments
(000)
|
|
|
|
|
|
|
|
|
|
Balance as of 12/31/07
|
|
$
|
20
|
|
$
|
—
|
|
|
Accrued discounts/premiums
|
|
@—
|
|
—
|
|
|
Realized gain (loss)
|
|
(577
|
)
|
—
|
|
|
Change in unrealized appreciation
(depreciation)
|
|
568
|
|
—
|
|
|
Net purchases (sales)
|
|
(11
|
)
|
—
|
|
|
Net transfers in and/or out of Level 3
|
|
48
|
|
—
|
|
|
Balance as of 9/30/08
|
|
$
|
48
|
|
$
|
—
|
|
|
The amount of total realized gains or
losses for the period included in earnings attributable to the change in
unrealized gains or losses relating to assets and liabilities still held at
9/30/08
|
|
$
|
(268
|
)
|
$
|
—
|
|
Security Valuation
— Bonds and other fixed income securities may be valued according to
the broadest and most representative market. In addition, bonds and other fixed
income securities may be valued on the basis of prices provided by a pricing
service. The prices provided by a pricing service take into account broker
dealer market price quotations for institutional size trading in similar groups
of securities, security quality, maturity, coupon and other security
characteristics as well as any developments related to the specific securities.
Securities listed on a foreign exchange are valued at their closing price.
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, if it approximates market value.
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 Board of Directors (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 Global Opportunity Bond Fund, Inc.
|
|
|
By:
|
/s/ Randy Takian
|
|
|
Name: Randy Takian
|
|
|
Title: Principal Executive Officer
|
|
|
Date: November 18, 2008
|
|
|
|
|
|
|
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 18, 2008
|
|
|
By:
|
/s/ James Garrett
|
|
|
Name: James Garrett
|
|
|
Title: Principal Financial Officer
|
|
|
Date: November 18, 2008
|
|
Morgan Stanley Global Opportunity Bond Fund, Inc. (NYSE:MGB)
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