Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
CVIE | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the MSCI World ex USA Index (the Index).
↑ An out-of-Index position in Taiwan Semiconductor Manufacturing Co. contributed to returns as strong revenues were driven by surging demand for AI infrastructure chips
↑ An out-of-Index position in SK hynix, Inc., a memory semiconductor firm, contributed to returns as it reported record second quarter revenue amid accelerating AI-memory demand
↑ Not owning Index component BHP Group Ltd., helped returns as weaker iron ore and coal prices and softer Chinese demand weighed on earnings expectations
↑ Among sectors, stock selection in information technology and stock selection and an underweight exposure to energy helped returns
↓ Not owning Index component firm Rheinmetall AG hurt returns as strong defense-business growth was offset by contract delays and margin pressure
↓ Not owning Index component and aerospace firm Rolls-Royce Holdings hurt returns as shares rallied on robust earnings growth, margin expansion, and higher engine output
↓ Not owning Index component Airbus SE hurt returns as the company delivered solid results and strong order intake
↓ Among sectors, stock selection in the industrials, financials, and consumer staples sectors detracted from performance during the period
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
01/23 | $ | $ | $ |
|---|---|---|---|
03/23 | $ | $ | $ |
06/23 | $ | $ | $ |
09/23 | $ | $ | $ |
12/23 | $ | $ | $ |
03/24 | $ | $ | $ |
06/24 | $ | $ | $ |
09/24 | $ | $ | $ |
12/24 | $ | $ | $ |
03/25 | $ | $ | $ |
06/25 | $ | $ | $ |
09/25 | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Calvert International Responsible Index ETF - NAV (Inception | ||
MSCI World ex USA Index
| ||
Calvert International Responsible Index
|
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 0.1% |
Energy | 0.6% |
Real Estate | 1.7% |
Utilities | 3.0% |
Communication Services | 4.7% |
Materials | 6.4% |
Consumer Staples | 6.4% |
Consumer Discretionary | 8.6% |
Health Care | 8.7% |
Industrials | 17.0% |
Information Technology | 17.0% |
Financials | 25.8% |
Top Ten Holdings (% of total investments)Footnote Referencea
Taiwan Semiconductor Manufacturing Co. Ltd. | 3.9% |
|---|---|
ASML Holding NV | 1.6% |
Samsung Electronics Co. Ltd. | 1.4% |
SAP SE | 1.2% |
Nestle SA | 1.0% |
HSBC Holdings plc | 1.0% |
AstraZeneca plc | 1.0% |
Novartis AG | 1.0% |
Roche Holding AG | 1.0% |
Siemens AG | 1.0% |
Total | 14.1% |
| Footnote | Description |
Footnotea | Excluding cash equivalents |
Material Fund Changes
This is a summary of certain changes to the Fund since September 30, 2024.
For more complete information, you may review the Fund's next prospectus, which we expect to be available by February 1, 2026 at www.morganstanley.com/im/shareholderreports or upon request by contacting us at 1-800-836-2414.
Effective July 1, 2025, Gordon Wotherspoon began serving as a portfolio manager of the Fund. Jennifer Mihara will continue to serve as a portfolio manager of the Fund. Prior to July 1, 2025, the Fund was managed by Jennifer Mihara and James Reber, who intends to retire.
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
CVIE-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
CVSB | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the Bloomberg 9-12 Months Short Treasury Index (the Index).
↑ Allocation to investment grade corporates was the primary driver of outperformance as credit spreads tightened across sectors—particularly within financials and banking
↑ Exposure to securitized credit also supported returns, with strong performance across non-agency residential mortgage-backed securities, asset-backed securities, and commercial mortgage-backed securities
↑ Agency residential mortgage-backed securities exposure contributed positively amid a broader rally in the asset class
↓ A modest underweight to duration detracted slightly from relative performance, as front-end rates declined meaningfully over the year
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
01/23 | $ | $ | $ |
|---|---|---|---|
03/23 | $ | $ | $ |
06/23 | $ | $ | $ |
09/23 | $ | $ | $ |
12/23 | $ | $ | $ |
03/24 | $ | $ | $ |
06/24 | $ | $ | $ |
09/24 | $ | $ | $ |
12/24 | $ | $ | $ |
03/25 | $ | $ | $ |
06/25 | $ | $ | $ |
09/25 | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Calvert Ultra-Short Investment Grade ETF - NAV (Inception | ||
Bloomberg U.S. Universal Index
| ||
Bloomberg 9-12 Months Short Treasury Index
|
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Credit Quality (% of net assets)Footnote Referencea
Value | Value |
|---|---|
Cash & Equivalents | |
Not Rated | |
B | |
BBB | |
A | |
AA | |
AAA |
| Footnote | Description |
Footnotea | Security ratings disclosed with the exception for those labeled "Not Rated" is an aggregation of the highest security level rating amongst S&P Global Ratings, Moody's Investors Services, Inc., and Fitch Ratings, each a Nationally Recognized Statistical Ratings Organization. |
Asset Allocation (% of total investments)
Value | Value |
|---|---|
Investment Company | 3.8% |
Commercial Papers | 4.1% |
Commercial Mortgage-Backed Securities | 12.6% |
Asset-Backed Securities | 14.8% |
U.S. Government and Agency Securities | 16.1% |
Corporate Bonds | 48.6% |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
CVSB-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
CVLC | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the Russell 1000® Index (the Index).
↓ Not owning Index component Palantir Technologies, Inc. hurt returns, as shares rose sharply due to expanding AI-software contracts and accelerating commercial growth
↓ An underweight position in Tesla, Inc. hurt as it surged over the year, powered by record EV deliveries and strong investor enthusiasm around autonomous-driving progress
↓ Not owning Index component and Facebook parent Meta Platforms, Inc also detracted as it generated double-digit total return amid AI and advertising segments momentum
↓ Among sectors, stock selection and an overweight position in healthcare, along with stock selection in consumer discretionary and information technology sectors, detracted
↑ Not owning Index component and energy major Exxon Mobil Corp. helped as shares lagged due to oil-price weakness and lower refining margins despite strong prior earnings
↑ Not owning Index component Berkshire Hathaway, Inc. contributed to returns as it under-performed the benchmark amid write-downs and slowed growth
↑An overweight position in Broadcom Inc. helped returns as it delivered strong results driven by its AI-networking business and robust semantic-software revenue growth
↑ Among sectors, an underweight position in energy and favorable stock selection in financials contributed to Index-relative returns
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
01/23 | $ | $ | $ |
|---|---|---|---|
03/23 | $ | $ | $ |
06/23 | $ | $ | $ |
09/23 | $ | $ | $ |
12/23 | $ | $ | $ |
03/24 | $ | $ | $ |
06/24 | $ | $ | $ |
09/24 | $ | $ | $ |
12/24 | $ | $ | $ |
03/25 | $ | $ | $ |
06/25 | $ | $ | $ |
09/25 | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Calvert US Large-Cap Core Responsible Index ETF - NAV (Inception | ||
Russell 1000® Index
| ||
Calvert US Large-Cap Core Responsible Index
|
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 0.2% |
Energy | 0.4% |
Utilities | 1.9% |
Materials | 2.6% |
Real Estate | 2.8% |
Consumer Staples | 5.2% |
Communication Services | 7.8% |
Consumer Discretionary | 9.1% |
Health Care | 9.7% |
Industrials | 10.5% |
Financials | 14.7% |
Information Technology | 35.1% |
Top Ten Holdings (% of total investments)Footnote Referencea
NVIDIA Corp. | 7.2% |
|---|---|
Microsoft Corp. | 6.3% |
Apple, Inc. | 6.3% |
Alphabet, Inc., Class A | 4.5% |
Amazon.com, Inc. | 3.6% |
Broadcom, Inc. | 2.6% |
JPMorgan Chase & Co. | 1.6% |
Eli Lilly & Co. | 1.2% |
Visa, Inc., Class A | 1.1% |
Netflix, Inc. | 1.0% |
Total | 35.4% |
| Footnote | Description |
Footnotea | Excluding cash equivalents |
Material Fund Changes
This is a summary of certain changes to the Fund since September 30, 2024.
For more complete information, you may review the Fund's next prospectus, which we expect to be available by February 1, 2026 at www.morganstanley.com/im/shareholderreports or upon request by contacting us at 1-800-836-2414.
Effective July 1, 2025, Gordon Wotherspoon began serving as a portfolio manager of the Fund. Jennifer Mihara will continue to serve as a portfolio manager of the Fund. Prior to July 1, 2025, the Fund was managed by Jennifer Mihara and James Reber, who intends to retire.
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
CVLC-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
CDEI | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the Russell 1000® Index (the Index).
↓ Not owning Index component Tesla, Inc. hurt returns as its shares advanced on resilient vehicle deliveries and growing investor optimism around autonomous-driving technology
↓ An overweight position in Apple Inc. hampered returns as softer hardware demand and modest iPhone sales growth weighed on investor sentiment
↓ Not owning Index component Palantir Technologies Inc. hampered returns as it performed strongly on expanding Artificial Intelligence software contracts and commercial adoption
↓ Among sectors, an overweight position and stock selection in health care, and stock selection in consumer discretionary and information technology sectors hurt returns
↑ An overweight position in NVIDIA Corporation aided returns as sustained AI-chip demand and strong data-center revenue growth supported its robust results
↑ An overweight position in Alphabet, Inc.- Google's parent company - Helped relative returns
↑ An overweight position in Broadcom, Inc. aided returns as demand for AI- related semiconductors and networking products supported its robust earnings growth
↑ Among sectors, underweight positions in energy and materials helped returns
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
01/23 | $ | $ | $ |
|---|---|---|---|
03/23 | $ | $ | $ |
06/23 | $ | $ | $ |
09/23 | $ | $ | $ |
12/23 | $ | $ | $ |
03/24 | $ | $ | $ |
06/24 | $ | $ | $ |
09/24 | $ | $ | $ |
12/24 | $ | $ | $ |
03/25 | $ | $ | $ |
06/25 | $ | $ | $ |
09/25 | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF - NAV (Inception | ||
Russell 1000® Index
| ||
Calvert US Large-Cap Diversity Research Index
|
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 0.2% |
Energy | 0.4% |
Materials | 0.4% |
Real Estate | 1.6% |
Utilities | 2.2% |
Industrials | 4.3% |
Consumer Staples | 5.0% |
Consumer Discretionary | 6.1% |
Health Care | 10.3% |
Communication Services | 11.0% |
Financials | 17.6% |
Information Technology | 40.9% |
Top Ten Holdings (% of total investments)Footnote Referencea
NVIDIA Corp. | 9.2% |
|---|---|
Apple, Inc. | 8.3% |
Microsoft Corp. | 8.2% |
Alphabet, Inc., Class A | 6.5% |
JPMorgan Chase & Co. | 3.4% |
Amazon.com, Inc. | 3.3% |
Eli Lilly & Co. | 3.1% |
Visa, Inc., Class A | 2.7% |
Netflix, Inc. | 2.4% |
Mastercard, Inc., Class A | 2.3% |
Total | 49.4% |
| Footnote | Description |
Footnotea | Excluding cash equivalents |
Material Fund Changes
This is a summary of certain changes to the Fund since September 30, 2024.
For more complete information, you may review the Fund's next prospectus, which we expect to be available by February 1, 2026 at www.morganstanley.com/im/shareholderreports or upon request by contacting us at 1-800-836-2414.
Effective July 1, 2025, Gordon Wotherspoon began serving as a portfolio manager of the Fund. Jennifer Mihara will continue to serve as a portfolio manager of the Fund. Prior to July 1, 2025, the Fund was managed by Jennifer Mihara and James Reber, who intends to retire.
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
CDEI-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
CVMC | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the Russell Midcap® Index (the Index).
↓ Not owning Index component Palantir Technologies, Inc. hampered returns, as its shares gained strongly on AI-software contract wins and accelerated commercial growth
↓ Not owning Index component Robinhood Markets, Inc. hurt, as its stocks rallied with a return to profitability and increased retail and crypto trading activity
↓ Not owning Index component Strategy Inc., Inc. hurt, as the company outperformed due to strong software-subscription growth and favorable market positioning
↓ Among sectors, stock selection in information technology and financials, and stock selection and an overweight position in health care hampered returns
↑ An out-of-Index position in Snowflake Inc., aided returns as the company delivered strong product-revenue growth and expanded its enterprise customer base
↑ An out-of-Index position in data storage firm Seagate Technology Holdings Plc helped as robust high-capacity storage demand and supply-chain recovery boosted results
↑ An underweight position in D.R. Horton, Inc. aided returns, as housing affordability challenges and high financing costs weighed on new home orders
↑ Among sectors, an underweight position in materials helped Index-relative returns
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
01/23 | $ | $ | $ | $ |
|---|---|---|---|---|
03/23 | $ | $ | $ | $ |
06/23 | $ | $ | $ | $ |
09/23 | $ | $ | $ | $ |
12/23 | $ | $ | $ | $ |
03/24 | $ | $ | $ | $ |
06/24 | $ | $ | $ | $ |
09/24 | $ | $ | $ | $ |
12/24 | $ | $ | $ | $ |
03/25 | $ | $ | $ | $ |
06/25 | $ | $ | $ | $ |
09/25 | $ | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Calvert US Mid-Cap Core Responsible Index ETF - NAV (Inception | ||
S&P 500® Index
| ||
Calvert US Mid-Cap Core Responsible Index
| ||
Russell Midcap® Index
|
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 0.2% |
Energy | 0.9% |
Communication Services | 3.4% |
Materials | 4.2% |
Utilities | 6.0% |
Consumer Staples | 6.3% |
Real Estate | 7.4% |
Consumer Discretionary | 10.0% |
Health Care | 10.8% |
Financials | 15.2% |
Information Technology | 15.6% |
Industrials | 20.0% |
Top Ten Holdings (% of total investments)Footnote Referencea
Marvell Technology, Inc. | 0.7% |
|---|---|
Corning, Inc. | 0.6% |
TE Connectivity plc | 0.6% |
Quanta Services, Inc. | 0.6% |
United Rentals, Inc. | 0.6% |
Sempra | 0.6% |
Truist Financial Corp. | 0.6% |
General Motors Co. | 0.5% |
Vertiv Holdings Co., Class A | 0.5% |
Cummins, Inc. | 0.5% |
Total | 5.8% |
| Footnote | Description |
Footnotea | Excluding cash equivalents |
Material Fund Changes
This is a summary of certain changes to the Fund since September 30, 2024.
For more complete information, you may review the Fund's next prospectus, which we expect to be available by February 1, 2026 at www.morganstanley.com/im/shareholderreports or upon request by contacting us at 1-800-836-2414.
Effective July 1, 2025, Gordon Wotherspoon began serving as a portfolio manager of the Fund. Jennifer Mihara will continue to serve as a portfolio manager of the Fund. Prior to July 1, 2025, the Fund was managed by Jennifer Mihara and James Reber, who intends to retire.
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
CVMC-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
CVSE | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the Russell 1000® Index (the Index).
↓ Not owning Index component, Broadcom Inc. hurt returns as its stock surged on AI- semiconductor revenue climb and infrastructure software double digit growth
↓ Not owning Index component, Tesla, Inc. hurt returns as its shares advanced on resilient vehicle deliveries and growing investor optimism around autonomous-driving technology
↓ An overweight position in global professional services firm, Accenture Plc, hurt returns as cautious enterprise spending and macro uncertainty weighed on activity
↓ Among sectors, stock selections in information technology and industrials, and an underweight position in communication services sector detracted
↑ Not owning Index component, UnitedHealth Group helped Index-relative performance as rising medical costs and weaker insurer sentiment pressured its shares
↑ An overweight position in Netflix, Inc. helped returns as subscriber growth and expanding ad-supported offerings drove its investor confidence
↑ An overweight position in Tapestry, Inc. helped returns as its shares strengthened on solid brand performance and improved margins supporting earnings momentum
↑ Among sectors, avoiding the weak energy sector and stock selections in real estate helped returns
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
01/23 | $ | $ |
|---|---|---|
03/23 | $ | $ |
06/23 | $ | $ |
09/23 | $ | $ |
12/23 | $ | $ |
03/24 | $ | $ |
06/24 | $ | $ |
09/24 | $ | $ |
12/24 | $ | $ |
03/25 | $ | $ |
06/25 | $ | $ |
09/25 | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Calvert US Select Equity ETF - NAV (Inception | ||
Russell 1000® Index |
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 0.1% |
Consumer Staples | 1.7% |
Utilities | 2.5% |
Materials | 2.7% |
Real Estate | 3.6% |
Communication Services | 5.1% |
Consumer Discretionary | 7.0% |
Health Care | 10.3% |
Industrials | 12.8% |
Financials | 16.3% |
Information Technology | 37.9% |
Top Ten Holdings (% of total investments)Footnote Referencea
NVIDIA Corp. | 8.5% |
|---|---|
Microsoft Corp. | 7.6% |
Apple, Inc. | 6.4% |
Netflix, Inc. | 2.5% |
Parker-Hannifin Corp. | 2.2% |
BlackRock, Inc. | 1.9% |
Visa, Inc., Class A | 1.8% |
American Express Co. | 1.7% |
Eli Lilly & Co. | 1.7% |
Eaton Corp. plc | 1.7% |
Total | 36.0% |
| Footnote | Description |
Footnotea | Excluding cash equivalents |
Material Fund Changes
This is a summary of certain changes to the Fund since September 30, 2024.
The Board of Trustees of Morgan Stanley ETF Trust (the "Trust") approved a Plan of Liquidation with respect to the Fund, a portfolio of the Trust. Pursuant to the Plan of Liquidation, the assets of the Fund were liquidated, known or reasonable ascertainable liabilities of the Fund were satisfied, the remaining proceeds were distributed to the Fund's shareholders and all the issued and outstanding shared of the Fund were redeemed (the "Liquidation"). The Liquidation occurred at the close of business on October 17, 2025.
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
CVSE-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
EVLN | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the Morningstar® LSTA® US Leveraged Loan Index.
↓ The Fund’s underweight to the diversified telecom services and media industries hurt Index-relative performance, as these segments generally outperformed
↓ Loan positioning in the BB and B credit tiers generally weighed on Index-relative returns
↓ The largest single name detractor from relative performance was a Fund overweight to a contract production and packaging of beverages that completed an out-of-court restructuring
↑ The Fund’s allocation to debt tranches of collateralized loan obligations (CLOs) helped returns, as CLO debt rated BBB and BB generally outperformed the Index
↑ Loan selection was positive in automobile components. The Fund’s top contributor was an underweight to a defaulted auto components company
↑ An underweight exposure to CCC-rated loans aided Index-relative results, as lower-rated loans generally underperformed higher-rated loans during the period
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
02/24 | $ | $ | $ |
|---|---|---|---|
03/24 | $ | $ | $ |
06/24 | $ | $ | $ |
09/24 | $ | $ | $ |
12/24 | $ | $ | $ |
03/25 | $ | $ | $ |
06/25 | $ | $ | $ |
09/25 | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Eaton Vance Floating-Rate ETF - NAV (Inception | ||
Bloomberg U.S. Universal Index
| ||
Morningstar LSTA U.S. Leveraged Loan Total Return Index
|
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Industry Weightings (% of total investments)
Value | Value |
|---|---|
Others | |
Health Care Providers & Services | 2.6% |
Specialty Retail | 2.6% |
Chemicals | 2.7% |
Machinery | 3.6% |
Hotels, Restaurants & Leisure | 4.3% |
Commercial Services & Supplies | 5.5% |
Insurance | 5.8% |
Financial Services | 10.9% |
Software | 11.8% |
Asset Allocation (% of total investments)
Value | Value |
|---|---|
Common Stocks | 0.1% |
Corporate Bonds | 4.6% |
Asset-Backed Securities | 7.4% |
Investment Company | 8.2% |
Variable Rate Senior Loan Interests | 79.7% |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
EVLN-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investmentFootnote Reference* | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
EVYM | $ |
| Footnote | Description |
Footnote* | Amount shown reflects the expenses of the Fund from inception date through September 30, 2025. Expenses would be higher if the Fund had been in operations for the full year. |
Footnote1 |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the ICE US Broad Municipal Index (the Index).
↑ An out of index position and security selection in non-rated securities improved returns for the period
↑ Security selection and underweight position in 4% coupon bonds contributed positively to returns as 4% coupon bonds generally underperformed in the index
↑ Security selections in transportation bonds helped Fund returns as transportation bonds in the fund meaningfully outperformed transportation bonds in the index
↓ Security selections and an underweight position in 5% coupon bonds detracted from Index-relative performance during the period
↓ A large overweight to long maturity bonds (22 years and longer) detracted from Fund performance
↓ An underweight position to A-rated bonds detracted from as this was the best performing rating category in the index for the performance period
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
02/25 | $ | $ | $ |
|---|---|---|---|
03/25 | $ | $ | $ |
04/25 | $ | $ | $ |
05/25 | $ | $ | $ |
06/25 | $ | $ | $ |
07/25 | $ | $ | $ |
08/25 | $ | $ | $ |
09/25 | $ | $ | $ |
| Footnote | Description |
Footnote1 |
Average Annual Total Returns (%)
Since InceptionFootnote Reference* | |
|---|---|
Eaton Vance High Income Municipal ETF - NAV (Inception | |
ICE U.S. Broad Municipal Index
| |
35% ICE BBB Muni / 35% ICE Core HY Unrated Muni / 30% ICE US Muni Securities Custom IndexFootnote Reference1 |
| Footnote | Description |
Footnote* | Returns for periods less than one year are not annualized. |
Footnote1 | The custom blend of 35% ICE BofA BBB Municipal Index/35% ICE Core High Yield and Unrated Municipal Index/30% ICE U.S. Municipal Securities Index are comprised of ICE BofA BBB Municipal Index a benchmark that includes a portfolio of municipal bonds with an investment grade of BBB. ICE Core High Yield and Unrated Municipal Index a benchmark that tracks the performance of publicly traded, U.S. dollar-denominated, tax-exempt debt, including lower-rated and unrated municipal bonds, issued by U.S. states, territories, and their political subdivisions. ICE U.S. Municipal Securities Index a benchmark that is designed to track the performance of USD-denominated municipal debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. market. |
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Credit Quality (% of net assets)Footnote Referencea
Value | Value |
|---|---|
Cash & Equivalents | |
Not Rated | |
B | |
BB | |
BBB | |
A | |
AA |
| Footnote | Description |
Footnotea | Security ratings disclosed with the exception for those labeled "Not Rated" is an aggregation of the highest security level rating amongst S&P Global Ratings, Moody's Investors Services, Inc., and Fitch Ratings, each a Nationally Recognized Statistical Ratings Organization. |
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 0.1% |
Hospital | 2.6% |
Housing | 3.7% |
Water & Sewer | 4.4% |
Transportation | 8.4% |
General Obligation | 8.5% |
Education | 22.0% |
Other Revenue | 50.3% |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
EVYM-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
EVHY | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the ICE BofA BB-B U.S. High Yield Index (the Index).
↓ Underweight allocations in the broadcasting, telecommunications, and energy sectors detracted from relative performance
↓ Credit selection in services, healthcare, and energy hampered returns relative to the Index
↓ The Fund’s credit selection in BB-rated securities and overweight position in securities with durations of less than a year also hurt
↑ Selections in the retail, financial services, and air transportation sectors, as well as underweight allocations to, and selections in, the chemicals and technology sectors helped
↑ A small allocation to CCC-rated securities and selections in B-rated securities also contributed to relative returns
↑ An underweight exposure to securities with durations between 1-3 years and an overweight position as well as selections in securities with duration between 3-5 years helped
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
10/23 | $ | $ | $ |
|---|---|---|---|
12/23 | $ | $ | $ |
03/24 | $ | $ | $ |
06/24 | $ | $ | $ |
09/24 | $ | $ | $ |
12/24 | $ | $ | $ |
03/25 | $ | $ | $ |
06/25 | $ | $ | $ |
09/25 | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Eaton Vance High Yield ETF - NAV (Inception | ||
Bloomberg U.S. Universal Index
| ||
ICE BofA BB-B U.S. High Yield Index
|
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Credit Quality (% of net assets)Footnote Referencea
Value | Value |
|---|---|
Cash & Equivalents | |
CCC | |
B | |
BB | |
BBB |
| Footnote | Description |
Footnotea | Security ratings disclosed with the exception for those labeled "Not Rated" is an aggregation of the highest security level rating amongst S&P Global Ratings, Moody's Investors Services, Inc., and Fitch Ratings, each a Nationally Recognized Statistical Ratings Organization. |
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 3.2% |
Real Estate | 0.3% |
Information Technology | 4.4% |
Consumer Staples | 4.9% |
Utilities | 5.9% |
Financials | 6.8% |
Materials | 7.7% |
Communication Services | 8.5% |
Energy | 8.5% |
Health Care | 9.6% |
Industrials | 19.0% |
Consumer Discretionary | 21.2% |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
EVHY-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
EVIM | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the ICE BofA 2-17 Year US Municipal Securities Index (the Index).
↓ Security selections and an overweight position in 4% coupon bonds detracted from Index-relative performance during the period
↓ Security selections in AA-rated bonds also hampered Fund performance
↓ An underweight position to bonds with 4-8 years to maturity detracted from performance, as this was the best performing part of the curve for the year
↑ An out-of-index position in Alternative Minimum Tax (AMT) bonds contributed positively to performance as AMT bonds significantly outperformed the Index
↑ Security selections in bonds with 8-12 years remaining to maturity helped Fund performance relative to the Index during the period
↑ Security selections and an underweight position in State General Obligation (GO) bonds helped Fund returns as GO bonds generally underperformed the Index
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
10/23 | $ | $ | $ |
|---|---|---|---|
12/23 | $ | $ | $ |
03/24 | $ | $ | $ |
06/24 | $ | $ | $ |
09/24 | $ | $ | $ |
12/24 | $ | $ | $ |
03/25 | $ | $ | $ |
06/25 | $ | $ | $ |
09/25 | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Eaton Vance Intermediate Municipal Income ETF - NAV (Inception | ||
Bloomberg Municipal Bond Index
| ||
ICE BofA 2-17 Year U.S. Municipal Securities Index
|
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Credit Quality (% of net assets)Footnote Referencea
Value | Value |
|---|---|
Cash & Equivalents | |
Not Rated | |
BB | |
BBB | |
A | |
AA | |
AAA |
| Footnote | Description |
Footnotea | Security ratings disclosed with the exception for those labeled "Not Rated" is an aggregation of the highest security level rating amongst S&P Global Ratings, Moody's Investors Services, Inc., and Fitch Ratings, each a Nationally Recognized Statistical Ratings Organization. |
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 3.1% |
Other | 1.0% |
Housing | 1.2% |
Certificate of Participation/Lease | 1.5% |
Water & Sewer | 3.3% |
Utility | 3.8% |
Hospital | 11.8% |
Education | 13.1% |
Transportation | 15.5% |
General Obligation | 18.5% |
Other Revenue | 27.2% |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
EVIM-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
EVMO | $ |
| Footnote | Description |
Footnote1 |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the Bloomberg US MBS Index (the Index).
↑ An underweight in duration helped returns as yields rose on the back-end of the yield curve, with U.S. Treasury 10-year yield rising 37 basis points.
↑ An underweight in low coupon agency Mortgage-Backed Security passthroughs, with longer duration profiles, helped as they were more negatively impacted by the rising rates
↑ Out-of-Index allocations to non-agency residential Mortgage-Backed Security and commercial Mortgage-Backed Security contributed to outperformance due to high cash flow carry
↑ On an absolute basis, all sectors performed well and posted positive returns for the period
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
09/15 | $ | $ | $ |
|---|---|---|---|
09/16 | $ | $ | $ |
09/17 | $ | $ | $ |
09/18 | $ | $ | $ |
09/19 | $ | $ | $ |
09/20 | $ | $ | $ |
09/21 | $ | $ | $ |
09/22 | $ | $ | $ |
09/23 | $ | $ | $ |
09/24 | $ | $ | $ |
09/25 | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | 5 years | 10 years | |
|---|---|---|---|
Eaton Vance Mortgage Opportunities ETF - NAV | |||
Bloomberg U.S. Universal Index
| |||
Bloomberg Mortgage Backed Securitiess Index | - |
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Credit Quality (% of net assets)Footnote Referencea
Value | Value |
|---|---|
Cash & Equivalents | - |
Not Rated | |
CC | |
CCC | |
B | |
BB | |
BBB | |
A | |
AA | |
AAA |
| Footnote | Description |
Footnotea | Security ratings disclosed with the exception for those labeled "Not Rated" is an aggregation of the highest security level rating amongst S&P Global Ratings, Moody's Investors Services, Inc., and Fitch Ratings, each a Nationally Recognized Statistical Ratings Organization. |
Asset Allocation (% of total investments)
Value | Value |
|---|---|
Commercial Papers | 1.0% |
Investment Company | 3.1% |
Corporate Bonds | 3.2% |
U.S. Government and Agency Securities | 6.9% |
Asset-Backed Securities | 17.8% |
Mortgage-Backed Securities | 33.9% |
Commercial Mortgage-Backed Securities | 34.1% |
Material Fund Changes
This is a summary of certain changes to the Fund since September 30, 2024.
For more complete information, you may review the Fund's next prospectus, which we expect to be available by February 1, 2026 at www.morganstanley.com/im/shareholderreports or upon request by contacting us at 1-800-836-2414.
The Fund converted from Morgan Stanley Mortgage Securities Trust on August 1, 2025. The conversion, approved by the Board of Trustees in March 2025, was deemed in the best interest of shareholders. The Fund and its former corresponding fund have the same investment objectives and principal investment strategies. Returns prior to the conversion are those of the former corresponding fund.
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
EVMO-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
EVSD | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the Bloomberg 1-5 Year U.S. Credit Index (the Index).
↑ Exposure to securitized credit was the primary driver of outperformance, with strong contributions from positioning in asset-backed securities, commercial mortgage-backed securities, and non-agency residential mortgage-backed securities
↑ Limited but selective exposure to high yield corporate issuers added value, as spreads tightened and several key names outperformed
↑ Agency residential mortgage-backed securities also contributed positively, benefiting from a sector-wide rally
↓ Duration and curve positioning modestly detracted from relative performance, as the yield curve steepened and front-end rates rallied significantly
↓ An underweight to investment grade credit—particularly within industrials—detracted as spreads tightened across sectors
↓ Underweights to sovereign and government-related debt also detracted, as these sectors posted positive returns during the period
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
09/15 | $ | $ | $ | $ |
|---|---|---|---|---|
09/16 | $ | $ | $ | $ |
09/17 | $ | $ | $ | $ |
09/18 | $ | $ | $ | $ |
09/19 | $ | $ | $ | $ |
09/20 | $ | $ | $ | $ |
09/21 | $ | $ | $ | $ |
09/22 | $ | $ | $ | $ |
09/23 | $ | $ | $ | $ |
09/24 | $ | $ | $ | $ |
09/25 | $ | $ | $ | $ |
| Footnote | Description |
Footnote1 |
Average Annual Total Returns (%)
1 Year | 5 years | 10 years | |
|---|---|---|---|
Eaton Vance Short Duration Income ETF - NAV | |||
Bloomberg U.S. Universal Index
| |||
Bloomberg U.S. Credit 1-5 Year Index
| |||
Short Duration Income Blend IndexFootnote Reference1 |
| Footnote | Description |
Footnote1 | The Short Duration Income Blend Index is a performance linked benchmark of the old benchmarks represented by the Bloomberg 1-3 Year U.S. Government/Credit Index (benchmark that tracks the securities in the 1-3 year maturity range of the Bloomberg U.S. Government/Credit Index) for periods from the Fund’s inception to January 8, 2016, the ICE BofA 1-Year U.S. Treasury Note Index (benchmark that tracks one-year U.S. government securities) from January 9, 2016 to July 31, 2019, the Bloomberg 1-3 Year U.S. Government/Credit Index from August 1, 2019 to June 13, 2024, and the Fund’s new additional index represented by the Bloomberg U.S. Credit 1-5 Year Index for periods thereafter. |
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Credit Quality (% of net assets)Footnote Referencea
Value | Value |
|---|---|
Cash & Equivalents | |
Not Rated | |
CCC | |
B | |
BB | |
BBB | |
A | |
AA | |
AAA |
| Footnote | Description |
Footnotea | Security ratings disclosed with the exception for those labeled "Not Rated" is an aggregation of the highest security level rating amongst S&P Global Ratings, Moody's Investors Services, Inc., and Fitch Ratings, each a Nationally Recognized Statistical Ratings Organization. |
Asset Allocation (% of total investments)
Value | Value |
|---|---|
Commercial Papers | 0.5% |
Foreign Government and Agency Securities | 0.6% |
Mortgage-Backed Securities | 5.8% |
Investment Companies | 6.0% |
U.S. Government and Agency Securities | 8.5% |
Commercial Mortgage-Backed Securities | 14.4% |
Asset-Backed Securities | 21.6% |
Corporate Bonds | 42.6% |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
EVSD-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
EVSM | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the ICE BofA 1-3 Year US Municipal Securities Index (the Index).
↑ An out-of-index position in Alternative Minimum Tax (AMT) bonds contributed positively to performance as AMT bonds significantly outperformed the Index
↑ An out-of-index position in bonds with 4-6 years remaining to maturity boosted Fund performance relative to the Index during the period
↑ Security selections and an underweight position in State General Obligation (GO) bonds helped Fund returns as GO bonds generally underperformed the Index
↓ An overweight to bonds with 0-1 years remaining to maturity detracted from Index-relative performance during the period
↓ Security selections in A-rated bonds also hampered Fund performance
↓ An overweight position to hospital bonds detracted from performance relative to the Index
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
12/18 | $ | $ | $ | $ |
|---|---|---|---|---|
09/19 | $ | $ | $ | $ |
09/20 | $ | $ | $ | $ |
09/21 | $ | $ | $ | $ |
09/22 | $ | $ | $ | $ |
09/23 | $ | $ | $ | $ |
09/24 | $ | $ | $ | $ |
09/25 | $ | $ | $ | $ |
| Footnote | Description |
Footnote1 |
Average Annual Total Returns (%)
1 Year | 5 years | Since Inception | |
|---|---|---|---|
Eaton Vance Short Duration Municipal Income ETF - NAV (Inception | |||
Bloomberg Municipal Bond Index | |||
ICE BofA 1-3 Year US Municipal Securities Index | |||
Short Duration Municipal Income Blended IndexFootnote Reference1 |
| Footnote | Description |
Footnote1 | The Short Duration Municipal Income Blended Index is a performance linked benchmark of the old and new benchmark of the Fund. The old benchmark represented by Bloomberg BVAL Municipal AAA Yield Curve (Callable) 3-Month Index from the Fund’s inception to July 30, 2023 and the Fund's new additional benchmark represented by ICE BofA 1-3 Year US Municipal Securities Index for the periods thereafter. |
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Credit Quality (% of net assets)Footnote Referencea
Value | Value |
|---|---|
Cash & Equivalents | |
Not Rated | |
BB | |
BBB | |
A | |
AA | |
AAA |
| Footnote | Description |
Footnotea | Security ratings disclosed with the exception for those labeled "Not Rated" is an aggregation of the highest security level rating amongst S&P Global Ratings, Moody's Investors Services, Inc., and Fitch Ratings, each a Nationally Recognized Statistical Ratings Organization. |
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 2.6% |
Certificate of Participation/Lease | 0.2% |
Housing | 0.4% |
Other | 0.7% |
Utility | 4.8% |
Water & Sewer | 5.1% |
Education | 10.5% |
Transportation | 11.2% |
General Obligation | 13.7% |
Hospital | 15.7% |
Other Revenue | 35.1% |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
EVSM-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
EVTR | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the Bloomberg U.S. Aggregate Bond Index (the Index).
↑ High yield corporate exposure was the top contributor to relative performance, supported by strong security selection and out-of-benchmark positioning
↑ Overweight positions in securitized credit—including commercial mortgage-backed securities, asset-backed securities, and non-agency residential mortgage-backed securities —added via sector allocation and security selection
↑ Overweight positioning within the agency mortgage-backed securities sector contributed positively to returns
↑ An underweight to government-related debt was beneficial, as the sector underperformed during the quarter
↓ Exposure to bank loans detracted from performance, as the sector lagged broader credit markets
↓ An underweight to U.S. Treasuries detracted, given the rally in rates over the period
↓ An underweight to emerging market sovereigns detracted from relative results, as the sector performed well
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
09/15 | $ | $ | $ |
|---|---|---|---|
09/16 | $ | $ | $ |
09/17 | $ | $ | $ |
09/18 | $ | $ | $ |
09/19 | $ | $ | $ |
09/20 | $ | $ | $ |
09/21 | $ | $ | $ |
09/22 | $ | $ | $ |
09/23 | $ | $ | $ |
09/24 | $ | $ | $ |
09/25 | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | 5 years | 10 years | |
|---|---|---|---|
Eaton Vance Total Return Bond ETF - NAV | |||
Bloomberg U.S. Universal Index
| |||
Bloomberg U.S. Aggregate Bond Index | - |
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Credit Quality (% of net assets)Footnote Referencea
Value | Value |
|---|---|
Cash & Equivalents | - |
Not Rated | |
CCC | |
B | |
BB | |
BBB | |
A | |
AA | |
AAA |
| Footnote | Description |
Footnotea | Security ratings disclosed with the exception for those labeled "Not Rated" is an aggregation of the highest security level rating amongst S&P Global Ratings, Moody's Investors Services, Inc., and Fitch Ratings, each a Nationally Recognized Statistical Ratings Organization. |
Asset Allocation (% of total investments)
Value | Value |
|---|---|
Foreign Government and Agency Securities | 0.4% |
Investment Companies | 0.5% |
Commercial Mortgage-Backed Securities | 8.8% |
Asset-Backed Securities | 11.2% |
Corporate Bonds | 25.3% |
Mortgage-Backed Securities | 26.1% |
U.S. Government and Agency Securities | 27.7% |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
EVTR-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
EVSB | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the Bloomberg 9-12 Months Short Treasury Index (the Index).
↑ Allocation to investment grade corporates was the primary driver of outperformance as credit spreads tightened—particularly within the financial sector—with banks leading performance
↑ Exposure to securitized credit also supported returns, with strong performance across non-agency residential mortgage-backed securities, asset-based securities, and commercial mortgage-backed securities as spreads rallied
↑ Agency residential mortgage-backed securities exposure contributed positively, benefiting from a broader rally in the sector and supportive demand dynamic
↓ A modest underweight to duration detracted slightly, as front-end interest rates declined meaningfully over the year, leading to a rally in short-duration assets
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
10/23 | $ | $ | $ |
|---|---|---|---|
12/23 | $ | $ | $ |
03/24 | $ | $ | $ |
06/24 | $ | $ | $ |
09/24 | $ | $ | $ |
12/24 | $ | $ | $ |
03/25 | $ | $ | $ |
06/25 | $ | $ | $ |
09/25 | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Eaton Vance Ultra-Short Income ETF - NAV (Inception | ||
Bloomberg U.S. Universal Index
| ||
Bloomberg 9-12 Months Short Treasury Index
|
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Credit Quality (% of net assets)Footnote Referencea
Value | Value |
|---|---|
Cash & Equivalents | |
Not Rated | |
BB | |
BBB | |
A | |
AA | |
AAA |
| Footnote | Description |
Footnotea | Security ratings disclosed with the exception for those labeled "Not Rated" is an aggregation of the highest security level rating amongst S&P Global Ratings, Moody's Investors Services, Inc., and Fitch Ratings, each a Nationally Recognized Statistical Ratings Organization. |
Asset Allocation (% of total investments)
Value | Value |
|---|---|
Foreign Government and Agency Securities | 0.2% |
Investment Companies | 0.5% |
Commercial Papers | 3.1% |
U.S. Government and Agency Securities | 12.1% |
Commercial Mortgage-Backed Securities | 12.3% |
Asset-Backed Securities | 17.3% |
Corporate Bonds | 54.5% |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
EVSB-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investmentFootnote Reference* | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
PEPS | $ |
| Footnote | Description |
Footnote* | Amount shown reflects the expenses of the Fund from inception date through September 30, 2025. Expenses would be higher if the Fund had been in operations for the full year. |
Footnote1 |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the S&P 500® Index (the Index).
↑The strategy’s core element, Beta-neutral Call Writing, combining call writing with incremental equity exposure aiming to capture the Volatility Risk Premium, outperformed
↑The Fund’s equity portfolio, which tracks the Index while aiming to optimize tax efficiency, outperformed the Index during the period
↓The Tail Risk Hedge overlay, with a fixed annual budget of 0.50%, detracted, as the Index's largest drawdown during the period was not sufficient to trigger the hedge’s monetization
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
11/24 | $ | $ |
|---|---|---|
12/24 | $ | $ |
01/25 | $ | $ |
02/25 | $ | $ |
03/25 | $ | $ |
04/25 | $ | $ |
05/25 | $ | $ |
06/25 | $ | $ |
07/25 | $ | $ |
08/25 | $ | $ |
09/25 | $ | $ |
Average Annual Total Returns (%)
Since InceptionFootnote Reference* | |
|---|---|
Parametric Equity Plus ETF - NAV (Inception | |
S&P 500® Index
|
| Footnote | Description |
Footnote* | Returns for periods less than one year are not annualized. |
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 3.0% |
Other | 0.7% |
Materials | 1.9% |
Real Estate | 2.0% |
Utilities | 2.4% |
Energy | 2.8% |
Consumer Staples | 4.7% |
Industrials | 7.7% |
Health Care | 8.8% |
Consumer Discretionary | 10.0% |
Communication Services | 10.5% |
Financials | 12.6% |
Information Technology | 32.9% |
Top Ten Holdings (% of total investments)Footnote Referencea
NVIDIA Corp. | 7.1% |
|---|---|
Microsoft Corp. | 6.6% |
Apple, Inc. | 6.3% |
Amazon.com, Inc. | 3.7% |
Meta Platforms, Inc., Class A | 2.9% |
Broadcom, Inc. | 2.8% |
Alphabet, Inc., Class A | 2.4% |
Alphabet, Inc., Class C | 2.2% |
Tesla, Inc. | 2.0% |
JPMorgan Chase & Co. | 1.7% |
Total | 37.7% |
| Footnote | Description |
Footnotea | Excluding cash equivalents |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
PEPS-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
PAPI | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the Russell 1000® Value Index (the Index).
↓ The Fund’s use of derivatives ― specifically, written call options on the SPDR® S&P 500® ETF Trust ― detracted from Index-relative returns during the period
↓ An out-of-Index allocation to Cogent Communications Holdings Inc. detracted due to overhang from unprofitable legacy Sprint landline assets
↓ An overweight position in Huntsman Corporation was a relative headwind due to tariff issues as 2/3rd of revenue comes from ex-US locations
↓ An overweight position in ManpowerGroup Inc. underperformed due to a slower jobs growth and weakening U.S. labor market
↑ An out-of-Index allocation to InterDigital, Inc. aided returns following a favorable licensing agreement with Samsung to use IDCC technology
↑ An underweight position in UnitedHealth Group boosted relative results by minimizing the major drawdown following poor earnings due to Medicade and ACA exchange exposure
↑ An overweight position in Premier, Inc. lifted performance due to strong earnings results and divestitures of certain underperforming assets
↑ An out-of-Index allocation to CVR Energy, Inc. was additive to results as refiners benefitted from reduced crack spreads and decreased throughput
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
10/23 | $ | $ | $ |
|---|---|---|---|
12/23 | $ | $ | $ |
03/24 | $ | $ | $ |
06/24 | $ | $ | $ |
09/24 | $ | $ | $ |
12/24 | $ | $ | $ |
03/25 | $ | $ | $ |
06/25 | $ | $ | $ |
09/25 | $ | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Parametric Equity Premium Income ETF - NAV (Inception | ||
S&P 500® Index
| ||
Russell 1000® Value Index
|
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 1.0% |
Communication Services | 5.4% |
Consumer Staples | 9.6% |
Materials | 9.7% |
Financials | 10.3% |
Industrials | 10.4% |
Consumer Discretionary | 10.4% |
Utilities | 10.6% |
Information Technology | 10.7% |
Health Care | 10.9% |
Energy | 11.0% |
Top Ten Holdings (% of total investments)Footnote Referencea
Corning, Inc. | 0.8% |
|---|---|
InterDigital, Inc. | 0.8% |
Newmont Corp. | 0.7% |
CVR Energy, Inc. | 0.7% |
Electronic Arts, Inc. | 0.7% |
Royal Gold, Inc. | 0.7% |
Baker Hughes Co., Class A | 0.7% |
HF Sinclair Corp. | 0.6% |
Steven Madden Ltd. | 0.6% |
UnitedHealth Group, Inc. | 0.6% |
Total | 6.9% |
| Footnote | Description |
Footnotea | Excluding cash equivalents |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
PAPI-TSR-AR
Morgan Stanley ETF Trust -
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Ticker | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
PHEQ | $ |
How did the Fund perform last year and what affected its performance?
Key contributors to (↑) and detractors from (↓) performance, relative to the S&P 500® Index (the Index).
↓ The defensive put-spread collar structure was the primary driver of the Fund’s underperformance relative to the Index during the period
↓ Written call options were the largest detractor from Fund performance as the Index advanced above sold call strikes during the period
↓ Long put spreads detracted from performance relative to the Index due to time decay and financial tranches that expired “out of the money” during the period
↑ The Fund’s equity portfolio, which closely tracks the Index while seeking to optimize tax efficiencies, outperformed the Index during the period
Fund Performance
Comparison of the change in value of $10,000 investment for the period indicated.
10/23 | $ | $ |
|---|---|---|
12/23 | $ | $ |
03/24 | $ | $ |
06/24 | $ | $ |
09/24 | $ | $ |
12/24 | $ | $ |
03/25 | $ | $ |
06/25 | $ | $ |
09/25 | $ | $ |
Average Annual Total Returns (%)
1 Year | Since Inception | |
|---|---|---|
Parametric Hedged Equity ETF - NAV (Inception | ||
S&P 500® Index
|
Performance does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. Performance assumes that all dividends and distributions, if any, were reinvested. For more recent performance information, visit www.morganstanley.com/im/shareholderreports.
THE FUND'S PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Key Fund Statistics
Total Net Assets | $ |
|---|---|
# of Portfolio Holdings | |
Portfolio Turnover Rate | |
Total Management Fees Paid | $ |
What did the Fund invest in?
The following tables reflect what the Fund invested in as of the report date.
Sector Allocation (% of total investments)
Sector¯SECTOR DIVERSIFICATION | 9/30/2025 |
|---|---|
Short Term Investments | 1.5% |
Other | 1.3% |
Real Estate | 1.6% |
Materials | 1.8% |
Utilities | 2.3% |
Energy | 2.8% |
Consumer Staples | 4.9% |
Industrials | 8.1% |
Health Care | 8.6% |
Consumer Discretionary | 10.1% |
Communication Services | 10.6% |
Financials | 12.7% |
Information Technology | 33.7% |
Top Ten Holdings (% of total investments)Footnote Referencea
NVIDIA Corp. | 7.3% |
|---|---|
Microsoft Corp. | 6.8% |
Apple, Inc. | 6.5% |
Amazon.com, Inc. | 3.6% |
Meta Platforms, Inc., Class A | 3.0% |
Alphabet, Inc., Class A | 2.5% |
Broadcom, Inc. | 2.5% |
Alphabet, Inc., Class C | 2.2% |
Tesla, Inc. | 2.0% |
JPMorgan Chase & Co. | 1.8% |
Total | 38.2% |
| Footnote | Description |
Footnotea | Excluding cash equivalents |
Additional Information
If you wish to view additional information about the Fund, including the prospectus, statement of additional information, financial statements, and holdings, please scan the QR code or visit morganstanley.com/im/shareholderreports. For proxy information, please visit www.morganstanley.com/im/en-us/institutional-investor/about-us/proxy-voting/vote-summary-report.html
Householding
The Funds may deliver a single copy of certain required shareholder documents (including prospectuses, shareholder reports, and proxy materials) to investors with the same last name and the same address. Your participation will continue indefinitely unless you instruct otherwise by calling 1-800-836-2414 or by contacting your financial intermediary. Your instruction will typically be effective within 30 days of receipt.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Annual Shareholder Report September 30, 2025
PHEQ-TSR-AR