# EDGAR Filing Document

**Accession Number:** 0001676326
**File Stem:** 0002071691-26-005084
**Filing Date:** 2026-2
**Character Count:** 46256
**Document Hash:** c9228f803617a3d903ff07631d4c900c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-005084.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0002071691-26-005084

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley ETF Trust
- **CENTRAL INDEX KEY:** 0001676326

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23820
- **FILM NUMBER:** 26692958

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212.296.1404

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

## Series and Classes Contracts Data

### Eaton Vance High Income Municipal ETF (Series ID: S000088108)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000254159 | Eaton Vance High Income Municipal ETF | EVYM            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Morgan Stanley ETF Trust

- **b. Investment Company Act file number:** 811-23820

- **c. CIK number of Registrant:** 0001676326

- **d. LEI of Registrant:** 549300HASXQLXGOR9H31

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1585 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 800-548-7786

**Item A.2. Information about the Series.**

- **a. Name of Series:** Eaton Vance High Income Municipal ETF

- **b. EDGAR series identifier (if any):** S000088108

- **c. LEI of Series:** 254900I87N3V9F7FIS60

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $45902654.33

**Total Liabilities:** $17021.03

**Net Assets:** $45885633.30

**Cash Not Reported:** $205.89

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 1411.91926700 | **1-Year:** 210.51836200 | **5-Year:** 1546.69376700 | **10-Year:** 9881.43323800 | **30-Year:** 3987.08125200

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 277.44668200 | **5-Year:** 1861.20614300 | **10-Year:** 5016.91454300 | **30-Year:** 4232.43050700

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254159 | 1.52%                | 0.51%                | 0.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14882.13                | $420861.83                                 |
| Month 2  | $18858.23                | $36607.06                                  |
| Month 3  | $13509.23                | $-121938.30                                |

**Designated Index Information**

- **Index Name:** ICE US Broad Municipal Index

- **Index Identifier:** MGMUNIUSD

### Schedule of Portfolio Investments

| Name                                                                  | Title                                                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alachua County Housing Finance Authority                              | Alachua County Housing Finance Authority, Series 2025 A                              | CUSIP: 01068LAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314587.80    | 0.69%             | 2055-07-01      | Variable      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Alachua County Housing Finance Authority                              | Alachua County Housing Finance Authority, Series 2025 C                              | CUSIP: 01068LAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305573.10    | 0.67%             | 2029-07-01      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                         | American Samoa Economic Development Authority, Series 2025 B                         | CUSIP: 02936TAW1<br>LEI: N/A                  | Long             | DBT              | MUN               | AS        |    430000 | PA      | $430507.92    | 0.94%             | 2045-09-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                              | Arizona Industrial Development Authority, Series 2021 A                              | CUSIP: 04052BMR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $170386.29    | 0.37%             | 2031-12-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                   | Atlanta Development Authority (The), Series 2024 A-2                                 | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031269.50   | 2.25%             | 2039-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Baldwin County Industrial Development Authority                       | Baldwin County Industrial Development Authority, Series 2025 A                       | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510041.90    | 1.11%             | 2055-06-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Battery Park City Authority                                           | Battery Park City Authority, Series 2019 D-2                                         | CUSIP: 07133AJC7<br>LEI: 549300RF3SFDOWRHVM56 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.65%             | 2038-11-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| Beaufort-Jasper Water & Sewer Authority                               | Beaufort-Jasper Water & Sewer Authority, Series 2025 A                               | CUSIP: 074358HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $297258.63    | 0.65%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Berks County Industrial Development Authority                         | Berks County Industrial Development Authority, Series 2017 A                         | CUSIP: 08452RAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508697.05    | 1.11%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds - MuniCash                                  | BlackRock Liquidity Funds - MuniCash                                                 | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |    376785 | NS      | $376822.23    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                        | Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Class 2             | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $608051.10    | 1.33%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                              | Build NYC Resource Corp., Series 2025 A                                              | CUSIP: 12008EXH4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $490593.00    | 1.07%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                | California Municipal Finance Authority, Series 2025 B                                | CUSIP: 130483HX1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016277.80   | 2.21%             | 2043-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                | California Municipal Finance Authority, Series 2025 A                                | CUSIP: 13048V3G1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508653.75    | 1.11%             | 2054-11-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                | California Municipal Finance Authority, Series 2018 A                                | CUSIP: 13048VCD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000186.90   | 2.18%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                   | California Public Finance Authority, Series 2021 A                                   | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $354654.45    | 0.77%             | 2056-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Capital Projects Finance Authority                                    | Capital Projects Finance Authority, Series 2025 A                                    | CUSIP: 14043FAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505561.70    | 1.10%             | 2045-06-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Authority                                               | Capital Trust Authority, Series 2025 A                                               | CUSIP: 14054WBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $457508.20    | 1.00%             | 2050-06-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority                     | Charlotte County Industrial Development Authority, Series 2025                       | CUSIP: 16080TAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517222.05    | 1.13%             | 2035-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                    | City of Chicago IL, Series 2019 A                                                    | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300178.53    | 0.65%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                    | City of Chicago IL, Series 2024 A                                                    | CUSIP: 167486T33<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    375000 | PA      | $366786.30    | 0.80%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago                                                       | City of Chicago, Series 2025 E                                                       | CUSIP: 167486W47<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    500000 | PA      | $536530.80    | 1.17%             | 2042-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                            | Chicago Board of Education, Series 2012 A                                            | CUSIP: 167505PL4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $484041.45    | 1.05%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                            | Chicago Board of Education, Series 2015 C                                            | CUSIP: 167505QR0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499138.35    | 1.09%             | 2039-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                            | Chicago Board of Education, Series 2022 A                                            | CUSIP: 167505YB6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $457749.65    | 1.00%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                            | Chicago Board of Education, Series 2025 A                                            | CUSIP: 167505ZM1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    750000 | PA      | $746737.05    | 1.63%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                            | Development Authority of Cobb County (The), Series 2025                              | CUSIP: 190782AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $572491.10    | 1.25%             | 2055-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| College of Western Idaho                                              | College of Western Idaho, Series 2025                                                | CUSIP: 194521BY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $176308.96    | 0.38%             | 2045-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                               | Dayton-Montgomery County Port Authority, Series 2024                                 | CUSIP: 23981MBG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $318318.55    | 0.69%             | 2060-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                   | County of Denton TX, Series 2025                                                     | CUSIP: 24880GAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514952.05    | 1.12%             | 2055-12-31      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                    | Denver Health & Hospital Authority, Series 2025 A                                    | CUSIP: 24918EEN6<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504596.70    | 1.10%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                  | District of Columbia, Series 2019                                                    | CUSIP: 25483VVP6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    745000 | PA      | $738562.83    | 1.61%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                | Downtown Revitalization Public Infrastructure District, Series 2025 C                | CUSIP: 26118TBW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302159.43    | 0.66%             | 2035-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| FW Texas Street Public Facility Corp.                                 | FW Texas Street Public Facility Corp., Series 2025                                   | CUSIP: 30322SAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060972.20   | 2.31%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                     | Florida Development Finance Corp., Series 2025 A                                     | CUSIP: 34061UNJ3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507131.15    | 1.11%             | 2055-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                     | Florida Development Finance Corp., Series 2024 A                                     | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506110.75    | 1.10%             | 2054-10-01      | Variable      | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                           | Florida Local Government Finance Commission, Series 2025 A                           | CUSIP: 34077UAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527877.85    | 1.15%             | 2045-11-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Grand Rapids Economic Development Corp.                               | Grand Rapids Economic Development Corp., Series 2025 A                               | CUSIP: 386246HJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $395378.00    | 0.86%             | 2050-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hoover Industrial Development Board                                   | Hoover Industrial Development Board, Series 2019                                     | CUSIP: 439241AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $756021.08    | 1.65%             | 2049-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Hot Springs AR Wastewater Revenue                             | City of Hot Springs AR, Series 2025 B                                                | CUSIP: 441178DT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $370321.99    | 0.81%             | 2050-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Houston                                                       | City of Houston TX, Series 2024 B                                                    | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538097.90    | 1.17%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston                                                       | City of Houston TX, Series 2024 B                                                    | CUSIP: 442349HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $543798.30    | 1.19%             | 2037-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indianola Community School District                                   | Indianola Community School District, Series 2025                                     | CUSIP: 455583CT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $204234.53    | 0.45%             | 2045-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                | Iowa Finance Authority, Series 2016 A                                                | CUSIP: 46246K3N0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    205000 | PA      | $205036.18    | 0.45%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                  | Iowa Higher Education Loan Authority, Series 2025                                    | CUSIP: 46247DBJ5<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |    500000 | PA      | $484511.15    | 1.06%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Port Authority                                       | Jefferson County Port Authority, Series 2021                                         | CUSIP: 473318AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $412931.00    | 0.90%             | 2051-12-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Jefferson County Port Authority/OH                                    | Jefferson County Port Authority, Series 2023                                         | CUSIP: 473318AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153460.65    | 0.33%             | 2053-12-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kingston One Community Development District                           | Kingston One Community Development District, Series 2025                             | CUSIP: 496631AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257764.38    | 0.56%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Kingston One Community Development District                           | Kingston One Community Development District, Series 2025                             | CUSIP: 496631AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512757.05    | 1.12%             | 2057-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                   | Lakewood Ranch Stewardship District, Series 2016                                     | CUSIP: 51265KAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000202.50   | 2.18%             | 2046-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                   | Lakewood Ranch Stewardship District, Series 2025                                     | CUSIP: 51265KGG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $587277.39    | 1.28%             | 2045-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| City of Lavon                                                         | City of Lavon, Series 2025                                                           | CUSIP: 51946PCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $876285.83    | 1.91%             | 2045-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                 | Louisiana Public Facilities Authority, Series 2025                                   | CUSIP: 546399UW4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511586.10    | 1.11%             | 2045-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority             | Maryland Health & Higher Educational Facilities Authority, Series 2025 C             | CUSIP: 57421CKZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038295.80   | 2.26%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                              | Massachusetts Development Finance Agency, Series 2025                                | CUSIP: 57585BMB1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    405000 | PA      | $442815.86    | 0.97%             | 2045-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mida Cormont Public Infrastructure District                           | Mida Cormont Public Infrastructure District, Series 2025 B                           | CUSIP: 59561JAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    546000 | PA      | $560060.05    | 1.22%             | 2055-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                        | Mobile County Industrial Development Authority, Series 2024 A                        | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $717115.20    | 1.56%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                              | New Hampshire Business Finance Authority, Series 2025-1, Class A-2                   | CUSIP: 63607WBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    496739 | PA      | $467051.62    | 1.02%             | 2041-01-20      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Navajo County Unified School District No. 27 Kayenta                  | Navajo County Unified School District No. 27, Series 2025                            | CUSIP: 639147AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $474993.14    | 1.04%             | 2044-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                  | New Hope Cultural Education Facilities Finance Corp., Series 2025 A                  | CUSIP: 64542UHD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $794743.65    | 1.73%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Niagara Area Development Corp.                                        | Niagara Area Development Corp., Series 2018 A                                        | CUSIP: 653542AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $660577.50    | 1.44%             | 2042-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                | North Carolina Medical Care Commission, Series 2024 A                                | CUSIP: 65820YTN6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    735000 | PA      | $753975.86    | 1.64%             | 2044-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                           | Ohio Housing Finance Agency, Series 2025 A                                           | CUSIP: 676900XN8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519532.30    | 1.13%             | 2043-08-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                  | Pennsylvania Higher Educational Facilities Authority, Series BA                      | CUSIP: 70917TUR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $254531.97    | 0.55%             | 2045-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona (The) | Industrial Development Authority of the City of Phoenix Arizona (The), Series 2014 B | CUSIP: 71884SAC4<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.09%             | 2052-11-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No. 1                    | Point Phase 1 Public Infrastructure District No. 1, Series 2025 A-1                  | CUSIP: 73058EAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516851.35    | 1.13%             | 2045-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2025 A                                              | CUSIP: 744396KQ4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    350000 | PA      | $348803.60    | 0.76%             | 2045-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2025 C                                              | CUSIP: 74439YGC9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497776.85    | 1.08%             | 2055-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2025 A                                              | CUSIP: 74439YGF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    370000 | PA      | $374668.73    | 0.82%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2025 A                                              | CUSIP: 74439YGG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    600000 | PA      | $609380.70    | 1.33%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2025                                                | CUSIP: 74442EMQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $741579.38    | 1.62%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2025                                                | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $549524.60    | 1.20%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2025                                                | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    725000 | PA      | $747084.01    | 1.63%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue               | Puerto Rico Sales Tax Financing Corp., Series A-1                                    | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    447000 | PA      | $431080.99    | 0.94%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue               | Puerto Rico Sales Tax Financing Corp., Series A-1                                    | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1532000 | PA      | $385213.89    | 0.84%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                    | Rhode Island Health and Educational Building Corp., Series 2025 B                    | CUSIP: 762244PC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257888.48    | 0.56%             | 2065-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| St Louis County Industrial Development Authority                      | St. Louis County Industrial Development Authority, Series 2017                       | CUSIP: 791524CE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $477178.75    | 1.04%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                         | Sierra Vista Industrial Development Authority, Series 2024                           | CUSIP: 82652UAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $475071.55    | 1.04%             | 2044-06-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                    | South Carolina Jobs-Economic Development Authority, Series 2025 A                    | CUSIP: 837033KZ1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $247501.18    | 0.54%             | 2060-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                    | South Carolina Jobs-Economic Development Authority, Series 2024                      | CUSIP: 83704HAM9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511932.20    | 1.12%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southmont School Building Corp.                                       | Southmont School Building Corp., Series 2025                                         | CUSIP: 84455RDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115151.98    | 0.25%             | 2045-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                            | Stamford Housing Authority, Series 2025 A                                            | CUSIP: 852640AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $528679.77    | 1.15%             | 2060-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                | Tempe Industrial Development Authority, Series 2017 A                                | CUSIP: 87972MAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $226832.79    | 0.49%             | 2037-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                | Tempe Industrial Development Authority, Series 2017 A                                | CUSIP: 87972MAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $193547.49    | 0.42%             | 2052-10-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                | Tempe Industrial Development Authority, Series 2025 A                                | CUSIP: 87972MCA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249910.53    | 0.54%             | 2060-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                 | City of Valparaiso IN, Series 2024                                                   | CUSIP: 92028RAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $633107.93    | 1.38%             | 2054-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                           | Washington State Housing Finance Commission, Series A                                | CUSIP: 939783TB2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100294.72    | 0.22%             | 2036-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                           | Washington State Housing Finance Commission, Series 2025 A                           | CUSIP: 939783Z41<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    550000 | PA      | $549452.81    | 1.20%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                           | Washington State Housing Finance Commission, Series 2025 A                           | CUSIP: 939783Z58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    450000 | PA      | $446405.63    | 0.97%             | 2061-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                           | Washington State Housing Finance Commission, Series 2025                             | CUSIP: 93978LHX7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923768.80    | 2.01%             | 2055-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                          | West Virginia Economic Development Authority, Series 2025                            | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    205000 | PA      | $207674.45    | 0.45%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Westfield Redevelopment Authority                                     | Westfield Redevelopment Authority, Series 2025                                       | CUSIP: 96009DBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $101804.66    | 0.22%             | 2044-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Yavapai (The)       | Industrial Development Authority of the County of Yavapai (The), Series 2019         | CUSIP: 985900ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $108228.03    | 0.24%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Morgan Stanley ETF Trust

**Signature:** Francis J. Smith

**Name of Signer:** Francis J. Smith

**Title:** Principal Financial Officer