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        <title>THORNBURG STRATEGIC INCOME FUND CL INSTITUTIONAL 0.00000000</title>
        <cusip>885215194</cusip>
        <identifiers>
          <isin value="US8852151948"/>
        </identifiers>
        <balance>605115.30900000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6952774.90000000</valUSD>
        <pctVal>3.950878987224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIAMOND HILL LONG/SHORT-I</name>
        <lei>N/A</lei>
        <title>DIAMOND HILL LONG-SHORT FUND CL I 0.00000000</title>
        <cusip>25264S833</cusip>
        <identifiers>
          <isin value="US25264S8338"/>
        </identifiers>
        <balance>231025.13700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6875308.08000000</valUSD>
        <pctVal>3.906858860620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLCKRCK SYST MULTI-STR-INST</name>
        <lei>N/A</lei>
        <title>BLACKROCK SYSTEMATIC MULTI-STRATEGY FUND CL INSTITUTIONAL 0.00000000</title>
        <cusip>09260C307</cusip>
        <identifiers>
          <isin value="US09260C3079"/>
        </identifiers>
        <balance>1785171.94800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19101339.84000000</valUSD>
        <pctVal>10.85423924794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN BEACON AHL MGD-Y</name>
        <lei>N/A</lei>
        <title>AMERICAN BEACON AHL MANAGED FUTURES STRATEGY FUND CL Y 0.00000000</title>
        <cusip>024525677</cusip>
        <identifiers>
          <isin value="US0245256773"/>
        </identifiers>
        <balance>1059242.32300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10444129.30000000</valUSD>
        <pctVal>5.934823374078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COHEN &amp; STEERS GL REALTY-I</name>
        <lei>N/A</lei>
        <title>COHEN &amp; STEERS GLOBAL REALTY SHARES INC CL I 0.00000000</title>
        <cusip>19247N409</cusip>
        <identifiers>
          <isin value="US19247N4097"/>
        </identifiers>
        <balance>64311.84100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3609180.52000000</valUSD>
        <pctVal>2.050898480485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOHN HANCOCK DIVER MACR-I</name>
        <lei>N/A</lei>
        <title>JOHN HANCOCK DIVERSIFIED MACRO FUND CL I 0.00000000</title>
        <cusip>47803N513</cusip>
        <identifiers>
          <isin value="US47803N5133"/>
        </identifiers>
        <balance>1344409.94500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12032469.01000000</valUSD>
        <pctVal>6.837389338756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALAMOS MRKT NEU INC-I</name>
        <lei>N/A</lei>
        <title>CALAMOS MARKET NEUTRAL INCOME FUND CL I 0.00000000</title>
        <cusip>128119880</cusip>
        <identifiers>
          <isin value="US1281198804"/>
        </identifiers>
        <balance>581959.80200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8758495.02000000</valUSD>
        <pctVal>4.976970264667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNYM GLOBAL REAL RETURN-Y</name>
        <lei>N/A</lei>
        <title>BNY MELLON GLOBAL REAL RETURN FUND CL Y 0.00000000</title>
        <cusip>05587N794</cusip>
        <identifiers>
          <isin value="US05587N7949"/>
        </identifiers>
        <balance>747295.82200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12285543.31000000</valUSD>
        <pctVal>6.981197523036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEUBERGER BERM LNG SHRT-INST</name>
        <lei>N/A</lei>
        <title>NEUBERGER BERMAN LONG SHORT FUND CL INSTITUTIONAL 0.00000000</title>
        <cusip>64128R608</cusip>
        <identifiers>
          <isin value="US64128R6080"/>
        </identifiers>
        <balance>561752.99000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10560956.21000000</valUSD>
        <pctVal>6.001209671707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIMCO CRDT OPPRT BND-INST</name>
        <lei>N/A</lei>
        <title>PIMCO CREDIT OPPORTUNITIES BOND FUND CL INSTITUTIONAL 0.00000000</title>
        <cusip>72201W394</cusip>
        <identifiers>
          <isin value="US72201W3943"/>
        </identifiers>
        <balance>893323.78300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8736706.60000000</valUSD>
        <pctVal>4.964589105780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DRIEHAUS EVENT DRIVEN FUND</name>
        <lei>N/A</lei>
        <title>DRIEHAUS EVENT DRIVEN FUND CL USD INC 0.00000000</title>
        <cusip>262028814</cusip>
        <identifiers>
          <isin value="US2620288140"/>
        </identifiers>
        <balance>676157.09600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8790042.25000000</valUSD>
        <pctVal>4.994896817720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BR GLOB EQ MARK NEUTRAL F-IN</name>
        <lei>N/A</lei>
        <title>BLACKROCK GLOBAL EQUITY MARKET NEUTRAL FUND CL INSTITUTIONAL 0.00000000</title>
        <cusip>091936526</cusip>
        <identifiers>
          <isin value="US0919365264"/>
        </identifiers>
        <balance>730586.54300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10301270.26000000</valUSD>
        <pctVal>5.853644450930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIMCO CMMDTY+ R/R STRAT-INST</name>
        <lei>N/A</lei>
        <title>PIMCO COMMODITYREALRETURN STRATEGY FUND CL INSTITUTIONAL 0.00000000</title>
        <cusip>722005667</cusip>
        <identifiers>
          <isin value="US7220056672"/>
        </identifiers>
        <balance>259601.20400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3398179.76000000</valUSD>
        <pctVal>1.930998371397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Morgan Stanley Pathway Funds</ncom:nameOfApplicant>
      <ncom:signature>Francis Smith</ncom:signature>
      <ncom:signerName>Francis Smith</ncom:signerName>
      <ncom:title>Chief Financial Officer </ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
