[Annotated Form N-Q]
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UNITED STATES |
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FORM N-Q |
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QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
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Investment Company Act file number |
811-08388 |
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MORGAN STANLEY ASIA-PACIFIC FUND, INC. |
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(Exact name of registrant as specified in charter) |
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1221 AVENUE OF THE AMERICAS 22ND FLOOR NEW YORK, NY |
10020 |
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(Address of principal executive offices) |
(Zip code) |
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RONALD E. ROBISON |
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(Name and address of agent for service) |
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Registrant’s telephone number, including area code: |
1-800-221-6726 |
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Date of fiscal year end: |
12/31/04 |
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Date of reporting period: |
9/30/04 |
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Item 1. Schedule of Investments.
The Fund's 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.
2004 Third Quarter Report
September 30, 2004 (unaudited)
Portfolio of Investments
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Shares |
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Value |
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COMMON STOCKS (97.4%) |
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Australia (8.2%) |
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Airlines |
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Qantas Airways Ltd. |
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790,650 |
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$ |
1,986 |
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Biotechnology |
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CSL Ltd. |
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67,300 |
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1,392 |
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Commercial Banks |
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Australia & New Zealand Banking Group Ltd. |
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270,809 |
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3,751 |
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National Australia Bank Ltd. |
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114,800 |
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2,255 |
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6,006 |
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Commercial Services & Supplies |
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Brambles Industries Ltd. |
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356,050 |
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1,836 |
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Construction & Engineering |
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Downer EDI Ltd. |
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634,000 |
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1,847 |
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Insurance |
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AMP Ltd. |
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780,300 |
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3,540 |
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Insurance Australia Group Ltd. |
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252,750 |
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957 |
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QBE Insurance Group Ltd. |
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298,100 |
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2,843 |
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7,340 |
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Metals & Mining |
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BHP Billiton Ltd. |
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764,277 |
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7,991 |
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Newcrest Mining Ltd. |
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86,150 |
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953 |
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Rio Tinto Ltd. |
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201,200 |
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5,563 |
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14,507 |
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Paper & Forest Products |
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Gunns Ltd. |
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89,450 |
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942 |
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Textiles, Apparel & Luxury Goods |
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Billabong International Ltd. |
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268,900 |
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1,868 |
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37,724 |
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China (2.7%) |
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Building Products |
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Asia Aluminum Holdings Ltd. |
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7,298,000 |
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796 |
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Electronic Equipment & Instruments |
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Kingboard Chemicals Holdings Ltd. |
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490,000 |
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1,005 |
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Health Care Equipment & Supplies |
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Moulin International Holdings Ltd. |
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1,616,000 |
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917 |
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Household Durables |
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Grande Holdings Ltd. |
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1,179,000 |
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1,013 |
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Insurance |
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China Life Insurance Co., Ltd., ‘H’ |
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(a)1,250,000 |
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802 |
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Ping An Insurance Group Co. of China Ltd., ‘H’ |
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(a)569,000 |
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835 |
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1,637 |
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Internet Software & Services |
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Sina Corp. |
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(a)26,600 |
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678 |
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Tom Online, Inc. |
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(a)5,552,000 |
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783 |
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1,461 |
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Metals & Mining |
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Yanzhou Coal Mining Co., Ltd., ‘H’ |
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914,000 |
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1,184 |
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Multiline Retail |
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Lianhua Supermarket Holdings Co., Ltd., ‘H’ |
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574,000 |
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681 |
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Oil & Gas |
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CNOOC Ltd. |
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3,610,000 |
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1,887 |
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Sinopec Zhenhai Refining & Chemical Co., Ltd., ‘H’ |
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992,000 |
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1,043 |
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2,930 |
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Textiles, Apparel & Luxury Goods |
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Fountain Set Holdings Ltd. |
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1,258,000 |
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944 |
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12,568 |
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Hong Kong (7.2%) |
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Distributors |
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Li & Fung Ltd. |
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648,000 |
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931 |
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Diversified Financial Services |
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Swire Pacific Ltd., ‘A’ |
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361,000 |
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2,512 |
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Household Durables |
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Techtronic Industries Co. |
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1,343,000 |
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2,644 |
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Industrial Conglomerates |
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Hutchison Whampoa Ltd. |
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175,000 |
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1,369 |
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Leisure Equipment & Products |
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China Travel International Investment Hong Kong Ltd. |
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1,538,000 |
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414 |
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Real Estate |
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Cheung Kong Holdings Ltd. |
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164,000 |
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1,404 |
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Great Eagle Holdings Ltd. |
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1,364,000 |
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2,668 |
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Henderson Land Development Co., Ltd. |
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682,000 |
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3,262 |
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HongKong Land Holdings Ltd. |
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790,000 |
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1,556 |
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Hysan Development Co., Ltd. |
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1,967,000 |
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3,469 |
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New World Development Ltd. |
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3,731,800 |
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3,518 |
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15,877 |
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Specialty Retail |
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Esprit Holdings Ltd. |
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1,625,500 |
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8,255 |
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Textiles, Apparel & Luxury Goods |
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Victory City International Holdings Ltd. |
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2,414,000 |
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929 |
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32,931 |
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1
Portfolio of Investments (cont’d)
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Shares |
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Value |
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India (2.7%) |
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Automobiles |
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Hero Honda Motors Ltd. |
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156,075 |
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$ |
1,522 |
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Commercial Banks |
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State Bank of India Ltd. |
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(b)145,235 |
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1,584 |
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Union Bank of India Ltd. |
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1,392,000 |
|
2,226 |
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|
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|
3,810 |
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Electrical Equipment |
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Bharat Heavy Electricals Ltd. |
|
171,937 |
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2,148 |
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Leisure Equipment & Products |
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Amtek Auto Ltd. |
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94,000 |
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1,263 |
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Marine |
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Alok Industries Ltd. |
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1,390,000 |
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1,787 |
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Metals & Mining |
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Tata Iron & Steel Co., Ltd. |
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165 |
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1 |
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Textiles, Apparel & Luxury Goods |
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Arvind Mills Ltd. |
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(a)51,500 |
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90 |
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Raymond Ltd. |
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317,700 |
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1,637 |
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1,727 |
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12,258 |
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Indonesia (2.3%) |
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Automobiles |
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Astra International Tbk PT |
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2,113,000 |
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1,582 |
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Commercial Banks |
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Bank Central Asia Tbk PT |
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3,960,000 |
|
866 |
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Bank Internasional Indonesia Tbk PT |
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(a)81,850,000 |
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1,432 |
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Bank Mandiri Persero Tbk PT |
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7,358,500 |
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1,166 |
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Bank Rakyat Indonesia PT |
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5,835,500 |
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1,308 |
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4,772 |
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Construction Materials |
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Indocement Tunggal Prakarsa Tbk PT |
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(a)4,959,500 |
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1,057 |
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Diversified Telecommunication Services |
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Telekomunikasi Indonesia Tbk PT |
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3,159,000 |
|
1,433 |
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Metals & Mining |
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Bumi Resources Tbk PT |
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(a)14,347,000 |
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1,176 |
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Multiline Retail |
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Ramayana Lestari Sentosa Tbk PT |
|
1,607,000 |
|
747 |
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|
10,767 |
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Japan (50.2%) |
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Automobiles |
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|
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Nissan Motor Co., Ltd. |
|
693,900 |
|
7,568 |
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Suzuki Motor Corp. |
|
279,400 |
|
4,579 |
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Toyota Motor Corp. |
|
204,900 |
|
7,859 |
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Yamaha Motor Co., Ltd. |
|
209,900 |
|
3,186 |
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|
|
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|
23,192 |
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Building Products |
|
|
|
|
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Daikin Industries Ltd. |
|
204,000 |
|
4,941 |
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Sanwa Shutter Corp. |
|
369,000 |
|
1,677 |
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|
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|
6,618 |
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Chemicals |
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Daicel Chemical Industries Ltd. |
|
731,000 |
|
3,621 |
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Denki Kagaku Kogyo KK |
|
1,083,000 |
|
3,297 |
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Kaneka Corp. |
|
545,000 |
|
5,360 |
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Lintec Corp. |
|
178,300 |
|
2,379 |
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Mitsubishi Chemical Corp. |
|
1,242,000 |
|
3,770 |
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Nifco, Inc. |
|
202,300 |
|
3,001 |
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Shin-Etsu Polymer Co., Ltd. |
|
364,000 |
|
2,028 |
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Teijin Ltd. |
|
336,000 |
|
1,203 |
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Toyo Ink Manufacturing Co., Ltd. |
|
315,000 |
|
1,088 |
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25,747 |
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Commercial Services & Supplies |
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Dai Nippon Printing Co., Ltd. |
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220,000 |
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2,947 |
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Nissha Printing Co., Ltd. |
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67,000 |
|
1,020 |
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|
3,967 |
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Computers & Peripherals |
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Fujitsu Ltd. |
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998,000 |
|
5,778 |
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Mitsumi Electric Co., Ltd. |
|
232,700 |
|
2,500 |
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NEC Corp. |
|
801,000 |
|
4,798 |
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Toshiba Corp. |
|
1,473,000 |
|
5,422 |
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|
18,498 |
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Construction & Engineering |
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|
|
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Kyudenko Corp. |
|
220,000 |
|
1,004 |
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Obayashi Corp. |
|
608,000 |
|
3,028 |
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Sanki Engineering Co., Ltd. |
|
78,000 |
|
525 |
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|
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|
4,557 |
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Consumer Finance |
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Hitachi Capital Corp. |
|
224,600 |
|
3,542 |
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Diversified Telecommunication Services |
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|
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Nippon Telegraph & Telephone Corp. |
|
877 |
|
3,499 |
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Electric Utilities |
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Tokyo Electric Power Co., Inc. (The) |
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162,800 |
|
3,507 |
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Electrical Equipment |
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|
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Furukawa Electric Co., Ltd. |
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(a)434,000 |
|
1,704 |
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Electronic Equipment & Instruments |
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Hitachi High-Technologies Corp. |
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73,600 |
|
1,024 |
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Hitachi Ltd. |
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828,000 |
|
5,012 |
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2
Portfolio of Investments (cont’d)
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Shares |
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Value |
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|
|
Japan (cont’d) |
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|
|
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Electronic Equipment & Instruments (cont’d) |
|
|
|
|
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Kyocera Corp. |
|
63,100 |
|
$ |
4,445 |
|
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Ryosan Co., Ltd. |
|
125,900 |
|
2,701 |
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TDK Corp. |
|
68,400 |
|
4,563 |
|
|
|
|
|
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|
17,745 |
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Food & Staples |
|
|
|
|
|
|
|
FamilyMart Co., Ltd. |
|
147,200 |
|
3,953 |
|
|
|
Food Products |
|
|
|
|
|
|
|
House Foods Corp. |
|
134,300 |
|
1,816 |
|
|
|
Nippon Meat Packers, Inc. |
|
210,000 |
|
2,814 |
|
|
|
|
|
|
|
4,630 |
|
|
|
Household Durables |
|
|
|
|
|
|
|
Casio Computer Co., Ltd. |
|
341,000 |
|
4,026 |
|
|
|
Matsushita Electric Industrial Co., Ltd. |
|
493,000 |
|
6,591 |
|
|
|
Rinnai Corp. |
|
82,600 |
|
2,523 |
|
|
|
Sangetsu Co., Ltd. |
|
12,000 |
|
288 |
|
|
|
Sansui Electric Co., Ltd. |
|
(a)428,500 |
|
125 |
|
|
|
Sekisui Chemical Co., Ltd. |
|
525,000 |
|
3,626 |
|
|
|
Sekisui House Ltd. |
|
369,000 |
|
3,528 |
|
|
|
Sony Corp. |
|
126,700 |
|
4,330 |
|
|
|
|
|
|
|
25,037 |
|
|
|
Leisure Equipment & Products |
|
|
|
|
|
|
|
Fuji Photo Film Co., Ltd. |
|
157,000 |
|
5,165 |
|
|
|
Yamaha Corp. |
|
294,900 |
|
4,495 |
|
|
|
|
|
|
|
9,660 |
|
|
|
Machinery |
|
|
|
|
|
|
|
Amada Co., Ltd. |
|
532,000 |
|
2,780 |
|
|
|
Daifuku Co., Ltd. |
|
472,000 |
|
2,595 |
|
|
|
Fuji Machine Manufacturing Co., Ltd. |
|
162,100 |
|
1,515 |
|
|
|
Fujitec Co., Ltd. |
|
186,000 |
|
903 |
|
|
|
Kurita Water Industries Ltd. |
|
272,700 |
|
3,705 |
|
|
|
Minebea Co., Ltd. |
|
529,000 |
|
2,164 |
|
|
|
Mitsubishi Heavy Industries Ltd. |
|
1,580,000 |
|
4,466 |
|
|
|
Tsubakimoto Chain Co. |
|
609,000 |
|
2,048 |
|
|
|
|
|
|
|
20,176 |
|
|
|
Media |
|
|
|
|
|
|
|
Toho Co., Ltd. |
|
78,700 |
|
1,119 |
|
|
|
Office Electronics |
|
|
|
|
|
|
|
Canon, Inc. |
|
137,500 |
|
6,474 |
|
|
|
Ricoh Co., Ltd. |
|
345,000 |
|
6,506 |
|
|
|
|
|
|
|
12,980 |
|
|
|
Pharmaceuticals |
|
|
|
|
|
|
|
Ono Pharmaceutical Co., Ltd. |
|
108,900 |
|
4,840 |
|
|
|
Sankyo Co., Ltd. |
|
237,200 |
|
5,023 |
|
|
|
Yamanouchi Pharmaceutical Co., Ltd. |
|
162,100 |
|
5,245 |
|
|
|
|
|
|
|
15,108 |
|
|
|
Real Estate |
|
|
|
|
|
|
|
Mitsubishi Estate Co., Ltd. |
|
257,000 |
|
2,686 |
|
|
|
Road & Rail |
|
|
|
|
|
|
|
East Japan Railway Co. |
|
807 |
|
4,181 |
|
|
|
Semiconductors & Semiconductor Equipment |
|
|
|
|
|
|
|
Rohm Co., Ltd. |
|
22,200 |
|
2,236 |
|
|
|
Software |
|
|
|
|
|
|
|
Nintendo Co., Ltd. |
|
57,800 |
|
7,082 |
|
|
|
Textiles, Apparel & Luxury Goods |
|
|
|
|
|
|
|
Nisshinbo Industries, Inc. |
|
278,000 |
|
1,872 |
|
|
|
Trading Companies & Distributors |
|
|
|
|
|
|
|
Mitsubishi Corp. |
|
467,000 |
|
5,055 |
|
|
|
Nagase & Co., Ltd. |
|
207,000 |
|
1,744 |
|
|
|
|
|
|
|
6,799 |
|
|
|
Transportation Infrastructure |
|
|
|
|
|
|
|
Mitsubishi Logistics Corp. |
|
117,000 |
|
1,029 |
|
|
|
|
|
|
|
231,124 |
|
|
|
Malaysia (0.1%) |
|
|
|
|
|
|
|
Electric Utilities |
|
|
|
|
|
|
|
Tenaga Nasional BHD |
|
157,000 |
|
455 |
|
|
|
New Zealand (0.4%) |
|
|
|
|
|
|
|
Paper & Forest Products |
|
|
|
|
|
|
|
Carter Holt Harvey Ltd. |
|
1,144,725 |
|
1,746 |
|
|
|
Singapore (2.9%) |
|
|
|
|
|
|
|
Airlines |
|
|
|
|
|
|
|
Singapore Airlines Ltd. |
|
367,000 |
|
2,375 |
|
|
|
Commercial Banks |
|
|
|
|
|
|
|
Oversea-Chinese Banking Corp. |
|
491,000 |
|
4,081 |
|
|
|
Electrical Equipment |
|
|
|
|
|
|
|
Unisteel Technology Ltd. |
|
1,401,000 |
|
1,073 |
|
|
|
Electronic Equipment & Instruments |
|
|
|
|
|
|
|
Venture Corp., Ltd. |
|
171,000 |
|
1,675 |
|
|
|
Real Estate |
|
|
|
|
|
|
|
CapitaLand Ltd. |
|
1,464,000 |
|
1,556 |
|
|
|
City Developments Ltd. |
|
380,000 |
|
1,477 |
|
|
|
|
|
|
|
3,033 |
|
|
|
Water Utilities |
|
|
|
|
|
|
|
Hyflux Ltd. |
|
910,000 |
|
875 |
|
|
|
|
|
|
|
13,112 |
|
|
|
South Korea (9.5%) |
|
|
|
|
|
|
|
Airlines |
|
|
|
|
|
|
|
Korean Air Lines Co., Ltd. |
|
(a)141,460 |
|
1,935 |
|
|
3
Portfolio of Investments (cont’d)
|
|
|
Shares |
|
Value |
|
|
|
South Korea (cont’d) |
|
|
|
|
|
|
|
Auto Components |
|
|
|
|
|
|
|
Hankook Tire Co., Ltd. |
|
397,820 |
|
$ |
3,576 |
|
|
Hyundai Mobis |
|
71,790 |
|
3,616 |
|
|
|
|
|
|
|
7,192 |
|
|
|
Automobiles |
|
|
|
|
|
|
|
Hyundai Motor Co. |
|
19,790 |
|
913 |
|
|
|
Hyundai Motor Co. (Preference) |
|
17,930 |
|
464 |
|
|
|
|
|
|
|
1,377 |
|
|
|
Capital Markets |
|
|
|
|
|
|
|
Daishin Securities Co., Ltd. |
|
62,400 |
|
775 |
|
|
|
LG Investment & Securities Co., Ltd. |
|
(a)224,640 |
|
1,487 |
|
|
|
|
|
|
|
2,262 |
|
|
|
Commercial Banks |
|
|
|
|
|
|
|
Pusan Bank |
|
179,800 |
|
1,085 |
|
|
|
Electronic Equipment & Instruments |
|
|
|
|
|
|
|
Samsung SDI Co., Ltd. |
|
75,820 |
|
7,473 |
|
|
|
Food Products |
|
|
|
|
|
|
|
Orion Corp. |
|
21,930 |
|
1,636 |
|
|
|
Machinery |
|
|
|
|
|
|
|
Hyundai Mipo Dockyard Co., Ltd. |
|
(a)122,785 |
|
2,762 |
|
|
|
STX Shipbuilding Co., Ltd. |
|
55,320 |
|
547 |
|
|
|
|
|
|
|
3,309 |
|
|
|
Oil & Gas |
|
|
|
|
|
|
|
Doosan Heavy Industries and Construction Co., Ltd. |
|
21,210 |
|
207 |
|
|
|
Semiconductors & Semiconductor Equipment |
|
|
|
|
|
|
|
Samsung Electronics Co., Ltd. |
|
22,687 |
|
9,024 |
|
|
|
Samsung Electronics Co., Ltd. (Preference) |
|
15,630 |
|
4,092 |
|
|
|
|
|
|
|
13,116 |
|
|
|
Textiles, Apparel & Luxury Goods |
|
|
|
|
|
|
|
Cheil Industries, Inc. |
|
128,440 |
|
1,913 |
|
|
|
Tobacco |
|
|
|
|
|
|
|
KT&G Corp. |
|
45,660 |
|
1,207 |
|
|
|
Wireless Telecommunication Services |
|
|
|
|
|
|
|
SK Telecom Co., Ltd. |
|
6,460 |
|
985 |
|
|
|
|
|
|
|
43,697 |
|
|
|
Taiwan (8.2%) |
|
|
|
|
|
|
|
Auto Components |
|
|
|
|
|
|
|
Cheng Shin Rubber Industry Co., Ltd. |
|
588,552 |
|
721 |
|
|
|
Commercial Banks |
|
|
|
|
|
|
|
Chinatrust Financial Holding Co., Ltd. |
|
3,267,850 |
|
3,521 |
|
|
|
Mega Financial Holding Co., Ltd. |
|
1,486,000 |
|
936 |
|
|
|
Taishin Financial Holdings Co., Ltd. |
|
2,266,434 |
|
1,828 |
|
|
|
|
|
|
|
6,285 |
|
|
|
Computers & Peripherals |
|
|
|
|
|
|
|
Acer, Inc. |
|
811,310 |
|
1,099 |
|
|
|
Infortrend Technology, Inc. |
|
870,210 |
|
1,793 |
|
|
|
|
|
|
|
2,892 |
|
|
|
Construction & Engineering |
|
|
|
|
|
|
|
CTCI Corp. |
|
1,830,384 |
|
981 |
|
|
|
Construction Materials |
|
|
|
|
|
|
|
Taiwan Cement Corp. |
|
3,028,410 |
|
1,676 |
|
|
|
Diversified Financial Services |
|
|
|
|
|
|
|
Polaris Securities Co., Ltd. |
|
1,460,890 |
|
735 |
|
|
|
Yuanta Core Pacific Securities Co. |
|
(a)164,000 |
|
116 |
|
|
|
|
|
|
|
851 |
|
|
|
Electrical Equipment |
|
|
|
|
|
|
|
Catcher Technology Co., Ltd. |
|
452,200 |
|
1,265 |
|
|
|
Delta Electronics, Inc. |
|
319,000 |
|
446 |
|
|
|
Phoenixtec Power Co., Ltd. |
|
981,885 |
|
939 |
|
|
|
Richtek Technology Corp. |
|
162,500 |
|
318 |
|
|
|
Waffer Technology Co., Ltd. |
|
713,000 |
|
1,186 |
|
|
|
|
|
|
|
4,154 |
|
|
|
Electronic Equipment & Instruments |
|
|
|
|
|
|
|
Hon Hai Precision Industry Co., Ltd. |
|
826,205 |
|
2,846 |
|
|
|
Ya Hsin Industrial Co., Ltd. |
|
1,744,891 |
|
1,577 |
|
|
|
|
|
|
|
4,423 |
|
|
|
Insurance |
|
|
|
|
|
|
|
Cathay Financial Holding Co., Ltd. |
|
539,000 |
|
1,015 |
|
|
|
Shin Kong Financial Holding Co., Ltd. |
|
1,019,000 |
|
831 |
|
|
|
|
|
|
|
1,846 |
|
|
|
Leisure Equipment & Products |
|
|
|
|
|
|
|
Asia Optical Co., Inc. |
|
549,046 |
|
2,651 |
|
|
|
Largan Precision Co., Ltd. |
|
275,473 |
|
1,938 |
|
|
|
|
|
|
|
4,589 |
|
|
|
Marine |
|
|
|
|
|
|
|
Evergreen Marine Corp. |
|
554,636 |
|
544 |
|
|
|
Semiconductors & Semiconductor Equipment |
|
|
|
|
|
|
|
Faraday Technology Corp. |
|
424,338 |
|
624 |
|
|
|
MediaTek, Inc. |
|
390,061 |
|
2,618 |
|
|
|
Novatek Microelectronics Corp., Ltd. |
|
357,145 |
|
946 |
|
|
4
Portfolio of Investments (cont’d)
|
|
|
Shares |
|
Value |
|
|
|
Taiwan (cont’d) |
|
|
|
|
|
|
|
Semiconductors & Semiconductor Equipment (cont’d) |
|
|
|
|
|
|
|
Sunplus Technology Co., Ltd. |
|
778,300 |
|
$ |
1,107 |
|
|
|
|
|
|
5,295 |
|
|
|
Software |
|
|
|
|
|
|
|
Chaun-Choung Technology Corp. |
|
353,745 |
|
729 |
|
|
|
Cyberlink Corp. |
|
370,053 |
|
877 |
|
|
|
Springsoft, Inc. |
|
585,918 |
|
1,086 |
|
|
|
|
|
|
|
2,692 |
|
|
|
Specialty Retail |
|
|
|
|
|
|
|
Tsann Kuen Enterprise Co., Ltd. |
|
631,330 |
|
758 |
|
|
|
|
|
|
|
37,707 |
|
|
|
Thailand (3.0%) |
|
|
|
|
|
|
|
Airlines |
|
|
|
|
|
|
|
Thai Airways International PCL (Foreign) |
|
875,700 |
|
1,032 |
|
|
|
Commercial Banks |
|
|
|
|
|
|
|
Bangkok Bank PCL (Foreign) |
|
(a)987,400 |
|
2,351 |
|
|
|
Kasikornbank PCL (Foreign) |
|
(a)1,362,800 |
|
1,532 |
|
|
|
Kasikornbank PCL NVDR |
|
(a)248,700 |
|
270 |
|
|
|
Krung Thai Bank PCL (Foreign) |
|
3,430,300 |
|
672 |
|
|
|
Siam Commercial Bank PCL (Foreign) |
|
573,000 |
|
616 |
|
|
|
|
|
|
|
5,441 |
|
|
|
Construction & Engineering |
|
|
|
|
|
|
|
Italian-Thai Development PCL (Foreign) |
|
3,504,000 |
|
779 |
|
|
|
Sino Thai Engineering & Construction PCL (Foreign) |
|
3,141,600 |
|
672 |
|
|
|
|
|
|
|
1,451 |
|
|
|
Household Durables |
|
|
|
|
|
|
|
Land & Houses PCL (Foreign) |
|
2,988,000 |
|
686 |
|
|
|
Metals & Mining |
|
|
|
|
|
|
|
Banpu PCL (Foreign) |
|
182,900 |
|
707 |
|
|
|
Oil & Gas |
|
|
|
|
|
|
|
PTT PCL (Foreign) |
|
275,000 |
|
1,143 |
|
|
|
Real Estate |
|
|
|
|
|
|
|
Asian Property Development PCL |
|
9,160,300 |
|
859 |
|
|
|
Wireless Telecommunication Services |
|
|
|
|
|
|
|
Advanced Info Service PCL (Foreign) |
|
538,400 |
|
1,301 |
|
|
|
Total Access Communication PCL |
|
(a)397,000 |
|
1,334 |
|
|
|
|
|
|
|
2,635 |
|
|
|
|
|
|
|
13,954 |
|
|
|
|
|
|
|
Value |
|
|
|
TOTAL COMMON STOCKS |
|
|
|
$ |
448,043 |
|
|
|
|
|
|
|
|
|
|
INVESTMENT COMPANY (0.7%) |
|
|
|
|
|
|
|
India (0.7%) |
|
|
|
|
|
|
|
Diversified Financial Services |
|
|
|
|
|
|
|
Morgan Stanley Growth Fund (Cost $1,744) |
|
(c)9,491,200 |
|
3,157 |
|
|
|
|
|
|
|
|
|
|
|
|
|
No. of |
|
|
|
|
|
RIGHTS (0.0%) |
|
|
|
|
|
|
|
Taiwan (0.0%) |
|
|
|
|
|
|
|
Electrical Equipment |
|
|
|
|
|
|
|
Asia Vital Components Co., Ltd. (Cost $@—) |
|
(a)62,421 |
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
No. of |
|
|
|
|
|
WARRANTS (0.0%) |
|
|
|
|
|
|
|
China (0.0%) |
|
|
|
|
|
|
|
Electronic Equipment & Instruments |
|
|
|
|
|
|
|
Kingboard Chemicals Holdings Ltd., expiring 12/31/06 (Cost $@—) |
|
(a)49,000 |
|
@— |
|
|
|
|
|
Face |
|
|
|
||
|
SHORT-TERM INVESTMENT (1.7%) |
|
|
|
|
|
||
|
United States (1.7%) |
|
|
|
|
|
||
|
Repurchase Agreement |
|
|
|
|
|
||
|
J.P. Morgan Securities, Inc., 1.60%, dated 9/30/04, due 10/1/04, repurchase price $7,839 (Cost $7,839) |
|
$ |
(d)7,839 |
|
7,839 |
|
|
|
TOTAL INVESTMENTS + (99.8%) |
|
|
|
$ |
459,049 |
|
|
|
OTHER ASSETS LESS LIABILITIES (0.2%) |
|
|
|
989 |
|
||
|
TOTAL NET ASSETS (100.0%) |
|
|
|
$ |
460,038 |
|
|
5
Portfolio of Investments (cont’d)
(a) Non-income producing.
(b) Security was valued at fair value - At September 30, 2004, the Fund held fair valued securities valued at $1,584,000 representing 0.3% of net assets.
(c) The Morgan Stanley Growth Fund, acquired at a cost of $1,744,059, is advised by an affiliate of the Adviser. During the nine months ended September 30, 2004, there were no purchases or sales of this security. The Fund derived $314,278 of income from this security during the nine months ended September 30, 2004.
(d) The repurchase agreement is fully collateralized by U.S. government and/or agency obligations based on market prices at the date of this statement of net assets. The investment in the repurchase agreement is through participation in a joint account with affiliated funds.
@ Value/Face Amount is less than $500.
NVDR Non-Voting Depositary Receipt
+ At September 30, 2004, the U.S. Federal income tax cost basis of investments was approximately $409,987,000 and, accordingly, net unrealized appreciation for U.S. Federal income tax purposes was $49,061,000 of which $95,928,000 related to appreciated securities and $46,867,000 related to depreciated securities.
Foreign Currency Exchange Contract Information:
The Fund had the following foreign currency exchange contract(s) open at period end:
|
Currency |
|
Value |
|
Settlement |
|
In |
|
Value |
|
Net |
|
|||||
|
THB |
3,807 |
|
$ |
92 |
|
10/1/04 |
|
US$ |
92 |
|
$ |
92 |
|
$ |
@— |
|
|
THB |
478 |
|
12 |
|
10/4/04 |
|
US$ |
12 |
|
12 |
|
@— |
|
|||
|
|
|
$ |
104 |
|
|
|
|
|
$ |
104 |
|
$ |
@— |
|
||
THB — Thai Baht
SUMMARY OF TOTAL INVESTMENTS BY INDUSTRY
CLASSIFICATION - SEPTEMBER 30, 2004
|
INDUSTRY |
|
Value |
|
Percent |
|
|
|
Electronic Equipment & Instruments |
|
$ |
32,321 |
|
7.0 |
% |
|
Commercial Banks |
|
31,480 |
|
6.8 |
|
|
|
Household Durables |
|
29,380 |
|
6.4 |
|
|
|
Automobiles |
|
27,673 |
|
6.0 |
|
|
|
Chemicals |
|
25,747 |
|
5.6 |
|
|
|
Machinery |
|
23,485 |
|
5.1 |
|
|
|
Real Estate |
|
22,455 |
|
4.9 |
|
|
|
Computers & Peripherals |
|
21,390 |
|
4.6 |
|
|
|
Semiconductors & Semiconductor Equipment |
|
20,647 |
|
4.5 |
|
|
|
Metals & Mining |
|
17,575 |
|
3.8 |
|
|
|
Leisure Equipment & Products |
|
15,926 |
|
3.5 |
|
|
|
Pharmaceuticals |
|
15,108 |
|
3.3 |
|
|
|
Office Electronics |
|
12,980 |
|
2.8 |
|
|
|
Insurance |
|
10,823 |
|
2.3 |
|
|
|
Software |
|
9,774 |
|
2.1 |
|
|
|
Textiles, Apparel & Luxury Goods |
|
9,253 |
|
2.0 |
|
|
|
Electrical Equipment |
|
9,089 |
|
2.0 |
|
|
|
Specialty Retail |
|
9,013 |
|
2.0 |
|
|
|
Construction & Engineering |
|
8,836 |
|
1.9 |
|
|
|
Auto Components |
|
7,913 |
|
1.7 |
|
|
|
Building Products |
|
7,414 |
|
1.6 |
|
|
|
Airlines |
|
7,328 |
|
1.6 |
|
|
|
Trading Companies & Distributors |
|
6,799 |
|
1.5 |
|
|
|
Diversified Financial Services |
|
6,520 |
|
1.4 |
|
|
|
Food Products |
|
6,266 |
|
1.4 |
|
|
|
Commercial Services & Supplies |
|
5,803 |
|
1.3 |
|
|
|
Diversified Telecommunication Services |
|
4,932 |
|
1.1 |
|
|
|
Other |
|
53,119 |
|
11.6 |
|
|
|
|
|
$ |
459,049 |
|
99.8 |
% |
6
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.
7
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/ Ronald E. Robison |
|
||
|
Name: |
Ronald E. Robison |
|
||
|
Title: |
Principal Executive Officer |
|
||
|
Date: |
November 19, 2004 |
|
||
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/ Ronald E. Robison |
|
||
|
Name: |
Ronald E. Robison |
|
||
|
Title: |
Principal Executive Officer |
|
||
|
Date: |
November 19, 2004 |
|
||
|
|
|
|
||
|
By: |
/s/ James Garrett |
|
||
|
Name: |
James Garrett |
|
||
|
Title: |
Principal Financial Officer |
|
||
|
Date: |
November 19, 2004 |
|
||
8