Morgan Stanley Institutional Liquidity Funds

01/08/2025 | Press release | Distributed by Public on 01/08/2025 08:18

Summary Prospectus by Investment Company (Form 497K)

Summary Prospectus and
Prospectus Supplement

January 8, 2025

Morgan Stanley Institutional Liquidity Funds

Supplement dated January 8, 2025 to the Morgan Stanley Institutional Liquidity Funds Summary Prospectuses and Prospectus dated March 23, 2024

Money Market Portfolio
Tax-Exempt Portfolio
(the "Funds")

Advisor Class

The Funds will be open for business (and shares of the Funds can be purchased and redeemed) on January 9, 2025. However, the Funds will close early on January 9, 2025, consistent with their standard early cut-off times for when the Securities Industry and Financial Markets Association recommends that the bond markets close early. The Funds' standard early cut-off times are listed below.

Fund Name

Final time by which
orders to purchase or
redeem shares must be
received by the Fund
or financial intermediary

Money Market Portfolio

3:00 p.m. Eastern time

Tax-Exempt Portfolio

1:00 p.m. Eastern time

Please retain this supplement for future reference.

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