Fees and Expenses

Oct. 31, 2025

Fees and Expenses

The table below describes the expenses that you may pay if you buy, hold and sell Institutional Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.07%
Total Annual Fund Operating Expenses¹	0.22%
Fee Waiver and/or Expense Reimbursement¹	0.02%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[1]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Institutional Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Class	$20	$69	$122	$278

Morgan Stanley Institutional Liquidity Funds - Institutional Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.05%
Total Annual Fund Operating Expenses¹	0.20%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.15%

^[2]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Class	$15	$59	$108	$250

Morgan Stanley Institutional Liquidity Funds - Institutional Class Portfolios | MSILF Government Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.08%
Total Annual Fund Operating Expenses¹	0.23%
Fee Waiver and/or Expense Reimbursement¹	0.03%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[3]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Class	$20	$71	$126	$290

Morgan Stanley Institutional Liquidity Funds - Institutional Class Portfolios | MSILF Treasury Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Total Annual Fund Operating Expenses¹	0.21%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[4]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Class	$20	$67	$117	$267

Morgan Stanley Institutional Liquidity Funds - Institutional Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Total Annual Fund Operating Expenses¹	0.21%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[5]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Class	$20	$67	$117	$267

Morgan Stanley Institutional Liquidity Funds - Institutional Plus Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell Institutional Plus Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Other Expenses, New Fund, Based on Estimates [Text]

Other Expenses have been estimated for the current fiscal year.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Plus Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses¹	0.05%
Shareholder Administration Fee	0.02%
Total Annual Fund Operating Expenses²	0.22%
Fee Waiver and/or Expense Reimbursement²	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement²	0.17%

^[6],[7]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Plus Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Institutional Plus Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Plus Class	$17	$66	$119	$275

Morgan Stanley Institutional Liquidity Funds - Institutional Plus Class Portfolios | MSILF Treasury Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Other Expenses, New Fund, Based on Estimates [Text]

Other Expenses have been estimated for the current fiscal year.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Plus Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses¹	0.06%
Shareholder Administration Fee	0.02%
Total Annual Fund Operating Expenses²	0.23%
Fee Waiver and/or Expense Reimbursement²	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement²	0.22%

^[8],[9]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Plus Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Plus Class	$23	$73	$129	$292

Morgan Stanley Institutional Liquidity Funds - Institutional Plus Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Other Expenses, New Fund, Based on Estimates [Text]

Other Expenses have been estimated for the current fiscal year.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Plus Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses¹	0.06%
Shareholder Administration Fee	0.02%
Total Annual Fund Operating Expenses²	0.23%
Fee Waiver and/or Expense Reimbursement²	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement²	0.22%

^[10],[11]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Plus Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Plus Class	$23	$73	$129	$292

Morgan Stanley Institutional Liquidity Funds - Institutional Select Class Portfolios | MSILF Prime Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell Institutional Select Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Select Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.07%
Shareholder Administration Fee	0.05%
Total Annual Fund Operating Expenses¹	0.27%
Fee Waiver and/or Expense Reimbursement¹	0.02%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.25%

^[12]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Select Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Institutional Select Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Select Class	$26	$85	$150	$341

Morgan Stanley Institutional Liquidity Funds - Institutional Select Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Select Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.05%
Shareholder Administration Fee	0.05%
Total Annual Fund Operating Expenses¹	0.25%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[13]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Select Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Select Class	$20	$75	$136	$313

Morgan Stanley Institutional Liquidity Funds - Institutional Select Class Portfolios | MSILF Government Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Select Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.08%
Shareholder Administration Fee	0.05%
Total Annual Fund Operating Expenses¹	0.28%
Fee Waiver and/or Expense Reimbursement¹	0.03%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.25%

^[14]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Select Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Select Class	$26	$87	$154	$353

Morgan Stanley Institutional Liquidity Funds - Institutional Select Class Portfolios | MSILF Treasury Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Select Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Shareholder Administration Fee	0.05%
Total Annual Fund Operating Expenses¹	0.26%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.25%

^[15]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Select Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Select Class	$26	$83	$145	$330

Morgan Stanley Institutional Liquidity Funds - Institutional Select Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Institutional Select Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Shareholder Administration Fee	0.05%
Total Annual Fund Operating Expenses¹	0.26%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.25%

^[16]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Institutional Select Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Institutional Select Class	$26	$83	$145	$330

Morgan Stanley Institutional Liquidity Funds - Investor Class Portfolios | MSILF Prime Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell Investor Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Investor Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.07%
Shareholder Administration Fee	0.10%
Total Annual Fund Operating Expenses¹	0.32%
Fee Waiver and/or Expense Reimbursement¹	0.02%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.30%

^[17]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Investor Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Investor Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Investor Class	$31	$101	$178	$404

Morgan Stanley Institutional Liquidity Funds - Investor Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Investor Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.05%
Shareholder Administration Fee	0.10%
Total Annual Fund Operating Expenses¹	0.30%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.25%

^[18]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Investor Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Investor Class	$26	$91	$164	$376

Morgan Stanley Institutional Liquidity Funds - Investor Class Portfolios | MSILF Government Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Investor Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.08%
Shareholder Administration Fee	0.10%
Total Annual Fund Operating Expenses¹	0.33%
Fee Waiver and/or Expense Reimbursement¹	0.03%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.30%

^[19]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Investor Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Investor Class	$31	$103	$182	$415

Morgan Stanley Institutional Liquidity Funds - Investor Class Portfolios | MSILF Treasury Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Investor Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Shareholder Administration Fee	0.10%
Total Annual Fund Operating Expenses¹	0.31%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.30%

^[20]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Investor Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Investor Class	$31	$99	$173	$392

Morgan Stanley Institutional Liquidity Funds - Investor Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Investor Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Shareholder Administration Fee	0.10%
Total Annual Fund Operating Expenses¹	0.31%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.30%

^[21]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Investor Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Investor Class	$31	$99	$173	$392

Morgan Stanley Institutional Liquidity Funds - Administrative Class Portfolios | MSILF Prime Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell Administrative Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Administrative Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.07%
Shareholder Administration Fee	0.15%
Total Annual Fund Operating Expenses¹	0.37%
Fee Waiver and/or Expense Reimbursement¹	0.02%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.35%

^[22]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Administrative Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Administrative Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Administrative Class	$36	$117	$206	$466

Morgan Stanley Institutional Liquidity Funds - Administrative Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Administrative Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.05%
Shareholder Administration Fee	0.15%
Total Annual Fund Operating Expenses¹	0.35%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.30%

^[23]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Administrative Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Administrative Class	$31	$107	$191	$438

Morgan Stanley Institutional Liquidity Funds - Administrative Class Portfolios | MSILF Government Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Administrative Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.08%
Shareholder Administration Fee	0.15%
Total Annual Fund Operating Expenses¹	0.38%
Fee Waiver and/or Expense Reimbursement¹	0.03%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.35%

^[24]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Administrative Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Administrative Class	$36	$119	$210	$477

Morgan Stanley Institutional Liquidity Funds - Administrative Class Portfolios | MSILF Treasury Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Administrative Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Shareholder Administration Fee	0.15%
Total Annual Fund Operating Expenses¹	0.36%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.35%

^[25]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Administrative Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Administrative Class	$36	$115	$201	$455

Morgan Stanley Institutional Liquidity Funds - Administrative Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Administrative Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Shareholder Administration Fee	0.15%
Total Annual Fund Operating Expenses¹	0.36%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.35%

^[26]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Administrative Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Administrative Class	$36	$115	$201	$455

Morgan Stanley Institutional Liquidity Funds - Advisory Class Portfolios | MSILF Prime Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell Advisory Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Advisory Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.07%
Service and Shareholder Administration Fee	0.25%
Total Annual Fund Operating Expenses¹	0.47%
Fee Waiver and/or Expense Reimbursement¹	0.02%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.45%

^[27]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Advisory Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Advisory Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Advisory Class	$46	$149	$261	$590

Morgan Stanley Institutional Liquidity Funds - Advisory Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Advisory Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.05%
Service and Shareholder Administration Fee	0.25%
Total Annual Fund Operating Expenses¹	0.45%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.40%

^[28]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Advisory Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Advisory Class	$41	$139	$247	$562

Morgan Stanley Institutional Liquidity Funds - Advisory Class Portfolios | MSILF Government Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Advisory Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.08%
Service and Shareholder Administration Fee	0.25%
Total Annual Fund Operating Expenses¹	0.48%
Fee Waiver and/or Expense Reimbursement¹	0.03%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.45%

^[29]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Advisory Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Advisory Class	$46	$151	$266	$601

Morgan Stanley Institutional Liquidity Funds - Advisory Class Portfolios | MSILF Treasury Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Advisory Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Service and Shareholder Administration Fee	0.25%
Total Annual Fund Operating Expenses¹	0.46%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.45%

^[30]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Advisory Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Advisory Class	$46	$147	$257	$578

Morgan Stanley Institutional Liquidity Funds - Advisory Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Advisory Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Service and Shareholder Administration Fee	0.25%
Total Annual Fund Operating Expenses¹	0.46%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.45%

^[31]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Advisory Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Advisory Class	$46	$147	$257	$578

Morgan Stanley Institutional Liquidity Funds - Participant Class Portfolios | MSILF Prime Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell Participant Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Participant Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.25%
Other Expenses	0.07%
Shareholder Service Fee	0.25%
Total Annual Fund Operating Expenses¹	0.72%
Fee Waiver and/or Expense Reimbursement¹	0.02%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.70%

^[32]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Participant Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Participant Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Participant Class	$72	$228	$399	$893

Morgan Stanley Institutional Liquidity Funds - Participant Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Participant Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.25%
Other Expenses	0.05%
Shareholder Service Fee	0.25%
Total Annual Fund Operating Expenses¹	0.70%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.65%

^[33]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Participant Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Participant Class	$66	$219	$385	$866

Morgan Stanley Institutional Liquidity Funds - Participant Class Portfolios | MSILF Government Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Participant Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.25%
Other Expenses	0.08%
Shareholder Service Fee	0.25%
Total Annual Fund Operating Expenses¹	0.73%
Fee Waiver and/or Expense Reimbursement¹	0.28%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.45%

^[34]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Participant Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Participant Class	$46	$205	$378	$880

Morgan Stanley Institutional Liquidity Funds - Participant Class Portfolios | MSILF Treasury Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Participant Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.25%
Other Expenses	0.06%
Shareholder Service Fee	0.25%
Total Annual Fund Operating Expenses¹	0.71%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.70%

^[35]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Participant Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Participant Class	$72	$226	$394	$882

Morgan Stanley Institutional Liquidity Funds - Participant Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Participant Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.25%
Other Expenses	0.06%
Shareholder Service Fee	0.25%
Total Annual Fund Operating Expenses¹	0.71%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.70%

^[36]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Participant Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Participant Class	$72	$226	$394	$882

Morgan Stanley Institutional Liquidity Funds - Cash Management Class Portfolios | MSILF Prime Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell Cash Management Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Cash Management Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.10%
Other Expenses	0.07%
Shareholder Service Fee	0.05%
Total Annual Fund Operating Expenses¹	0.37%
Fee Waiver and/or Expense Reimbursement¹	0.02%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.35%

^[37]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Cash Management Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Cash Management Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Cash Management Class	$36	$117	$206	$466

Morgan Stanley Institutional Liquidity Funds - Cash Management Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Cash Management Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.10%
Other Expenses	0.05%
Shareholder Service Fee	0.05%
Total Annual Fund Operating Expenses¹	0.35%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.30%

^[38]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Cash Management Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Cash Management Class	$31	$107	$191	$438

Morgan Stanley Institutional Liquidity Funds - Cash Management Class Portfolios | MSILF Government Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Cash Management Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.10%
Other Expenses	0.08%
Shareholder Service Fee	0.05%
Total Annual Fund Operating Expenses¹	0.38%
Fee Waiver and/or Expense Reimbursement¹	0.03%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.35%

^[39]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Cash Management Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Cash Management Class	$36	$119	$210	$477

Morgan Stanley Institutional Liquidity Funds - Cash Management Class Portfolios | MSILF Treasury Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Cash Management Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.10%
Other Expenses	0.06%
Shareholder Service Fee	0.05%
Total Annual Fund Operating Expenses¹	0.36%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.35%

^[40]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Cash Management Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Cash Management Class	$36	$115	$201	$455

Morgan Stanley Institutional Liquidity Funds - Cash Management Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Cash Management Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.10%
Other Expenses	0.06%
Shareholder Service Fee	0.05%
Total Annual Fund Operating Expenses¹	0.36%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.35%

^[41]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Cash Management Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Cash Management Class	$36	$115	$201	$455

Morgan Stanley Institutional Liquidity Funds - Select Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell Select Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Select Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.55%
Other Expenses	0.05%
Shareholder Service Fee	0.25%
Total Annual Fund Operating Expenses¹	1.00%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.95%

^[42]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Select Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Select Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Select Class	$97	$313	$548	$1,220

Morgan Stanley Institutional Liquidity Funds - Select Class Portfolios | MSILF Treasury Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Select Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.55%
Other Expenses	0.06%
Shareholder Service Fee	0.25%
Total Annual Fund Operating Expenses¹	1.01%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	1.00%

^[43]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Select Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Select Class	$102	$321	$557	$1,235

Morgan Stanley Institutional Liquidity Funds - Select Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Select Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	0.55%
Other Expenses	0.06%
Shareholder Service Fee	0.25%
Total Annual Fund Operating Expenses¹	1.01%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	1.00%

^[44]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Select Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Select Class	$102	$321	$557	$1,235

Morgan Stanley Institutional Liquidity Funds - CastleOak Share Class | MSILF Prime Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell shares of the CastleOak Share Class (“CastleOak Shares” or “CastleOak Class”) of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	CastleOak Shares Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.07%
Total Annual Fund Operating Expenses¹	0.22%
Fee Waiver and/or Expense Reimbursement¹	0.02%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[45]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s CastleOak Shares with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s CastleOak Shares for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
CastleOak Shares	$20	$69	$122	$278

Morgan Stanley Institutional Liquidity Funds - CastleOak Share Class | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	CastleOak Shares Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.05%
Total Annual Fund Operating Expenses¹	0.20%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.15%

^[46]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s CastleOak Shares with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
CastleOak Shares	$15	$59	$108	$250

Morgan Stanley Institutional Liquidity Funds - Impact Class Portfolios | MSILF Prime Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell Impact Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Impact Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.07%
Total Annual Fund Operating Expenses¹	0.22%
Fee Waiver and/or Expense Reimbursement¹	0.02%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[47]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Impact Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Impact Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Impact Class	$20	$69	$122	$278

Morgan Stanley Institutional Liquidity Funds - Impact Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Impact Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.05%
Total Annual Fund Operating Expenses¹	0.20%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.15%

^[48]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Impact Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Impact Class	$15	$59	$108	$250

Morgan Stanley Institutional Liquidity Funds - Impact Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Impact Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Total Annual Fund Operating Expenses¹	0.21%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[49]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Impact Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Impact Class	$20	$67	$117	$267

Morgan Stanley Institutional Liquidity Funds - Impact Partner Class Portfolios | MSILF Prime Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell Impact Partner Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Impact Partner Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.07%
Total Annual Fund Operating Expenses¹	0.22%
Fee Waiver and/or Expense Reimbursement¹	0.02%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[50]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Impact Partner Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Impact Partner Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Impact Partner Class	$20	$69	$122	$278

Morgan Stanley Institutional Liquidity Funds - Impact Partner Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Impact Partner Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.05%
Total Annual Fund Operating Expenses¹	0.20%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.15%

^[51]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Impact Partner Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Impact Partner Class	$15	$59	$108	$250

Morgan Stanley Institutional Liquidity Funds - Impact Partner Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Impact Partner Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Total Annual Fund Operating Expenses¹	0.21%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[52]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Impact Partner Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Impact Partner Class	$20	$67	$117	$267

Morgan Stanley Institutional Liquidity Funds - Advisor Class Portfolios | MSILF Government Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

The table below describes the expenses that you may pay if you buy, hold and sell Advisor Class shares of the Fund. The Fund does not charge any sales loads or other fees when you purchase or redeem shares. You may pay fees other than the fees and expenses of the Fund, such as brokerage commissions and other fees charged by financial intermediaries, which are not reflected in the tables and examples below.

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Advisor Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.05%
Total Annual Fund Operating Expenses¹	0.20%
Fee Waiver and/or Expense Reimbursement¹	0.05%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.15%

^[53]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Advisor Class with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the Fund’s Advisor Class for the time periods indicated and then redeem all of your shares at the end of those periods, your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the example incorporates the fee waiver and/or expense reimbursement arrangement for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Advisor Class	$15	$59	$108	$250

Morgan Stanley Institutional Liquidity Funds - Advisor Class Portfolios | MSILF Treasury Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Advisor Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Total Annual Fund Operating Expenses¹	0.21%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[54]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Advisor Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Advisor Class	$20	$67	$117	$267

Morgan Stanley Institutional Liquidity Funds - Advisor Class Portfolios | MSILF Treasury Securities Portfolio

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses

Expense Narrative [Text Block]

Operating Expenses Caption [Optional Text]

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses [Table]


	Advisor Class
Advisory Fee	0.15%
Distribution and/or Shareholder Service (12b-1) Fee	None
Other Expenses	0.06%
Total Annual Fund Operating Expenses¹	0.21%
Fee Waiver and/or Expense Reimbursement¹	0.01%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement¹	0.20%

^[55]

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

The example below is intended to help you compare the cost of investing in the Fund’s Advisor Class with the cost of investing in other mutual funds.

Expense Example, With Redemption [Table]


	1 Year	3 Years	5 Years	10 Years
Advisor Class	$20	$67	$117	$267

[1]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Institutional Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.20%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[2]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Institutional Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.15%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[3]

[4]

[5]

[6]

1	Other Expenses have been estimated for the current fiscal year.

[7]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Institutional Plus Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.17%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[8]

1	Other Expenses have been estimated for the current fiscal year.

[9]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Institutional Plus Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.22%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[10]

1	Other Expenses have been estimated for the current fiscal year.

[11]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Institutional Plus Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.22%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[12]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Institutional Select Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.25%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[13]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Institutional Select Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.20%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[14]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Institutional Select Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.25%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[15]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Institutional Select Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.25%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[16]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Institutional Select Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.25%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[17]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Investor Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.30%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[18]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Investor Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.25%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[19]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Investor Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.30%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[20]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Investor Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.30%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[21]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Investor Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.30%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[22]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Administrative Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.35%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[23]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Administrative Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.30%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[24]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Administrative Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.35%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[25]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Administrative Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.35%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[26]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Administrative Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.35%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[27]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Advisory Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.45%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[28]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Advisory Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.40%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[29]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Advisory Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.45%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[30]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Advisory Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.45%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[31]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Advisory Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.45%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[32]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Participant Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.70%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[33]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Participant Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.65%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[34]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Participant Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.45% which includes a waiver in which the Fund’s “Distributor,” Morgan Stanley Distribution, Inc., has agreed to waive 0.15% of the 0.25% 12b-1 fee and 0.10% of the 0.25% Shareholder Service Fee that it may receive. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[35]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Participant Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.70%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[36]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Participant Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.70%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[37]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Cash Management Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.35%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[38]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Cash Management Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.30%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[39]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Cash Management Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.35%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[40]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Cash Management Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.35%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[41]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Cash Management Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.35%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[42]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Select Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.95%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[43]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Select Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 1.00%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[44]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Select Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 1.00%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[45]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s CastleOak Shares Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.20%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[46]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s CastleOak Shares Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.15%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[47]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Impact Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.20%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[48]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Impact Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.15%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[49]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Impact Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.20%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[50]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Impact Partner Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.20%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[51]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Impact Partner Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.15%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[52]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Impact Partner Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.20%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[53]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/ or reimburse the Fund’s Advisor Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.15%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[54]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Advisor Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.20%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.

[55]

The Fund’s “Adviser” and “Administrator,” Morgan Stanley Investment Management Inc. (“MSIM”), has agreed to waive all or a portion of its advisory fee, its administration fee and/or reimburse the Fund’s Advisor Class so that Total Annual Fund Operating Expenses, excluding acquired fund fees and expenses (as applicable), certain investment related expenses, taxes, interest and other extraordinary expenses (including litigation), will not exceed 0.20%. The fee waivers and/or expense reimbursements will continue for at least one year from the date of this Prospectus or until such time as the Board of Trustees of Morgan Stanley Institutional Liquidity Funds (the “Trust”) acts to discontinue all or a portion of such waivers and/or reimbursements when it deems such action is appropriate.