# EDGAR Filing Document

**Accession Number:** 0001676326
**File Stem:** 0002071691-25-007391
**Filing Date:** 2025-11
**Character Count:** 38788
**Document Hash:** 47fb5768d601f0dd70e1f27e58c8eb7c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-007391.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0002071691-25-007391

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**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:** 251524907

**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:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $40625506.16

**Total Liabilities:** $174678.01

**Net Assets:** $40450828.15

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1.12001600 | **1-Year:** 72.34726200 | **5-Year:** 1221.31693700 | **10-Year:** 9040.93124000 | **30-Year:** 4839.26205200

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

- **3-Month:** 0.00000000 | **1-Year:** 241.01047800 | **5-Year:** 1932.45525600 | **10-Year:** 3752.07525800 | **30-Year:** 2338.49490800

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254159 | -1.13%               | 0.67%                | 3.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-177905.69              | $-440386.46                                |
| Month 2  | $-32181.18               | $126382.36                                 |
| Month 3  | $5085.83                 | $1256978.54                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Iowa Finance Authority                                          | Iowa Finance Authority, Series 2016 A                                        | CUSIP: 46246K3N0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    205000 | PA      | $204448.28    | 0.51%             | 2041-05-15      | Fixed         | 5.00%                 | 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      | $315385.82    | 0.78%             | 2060-12-01      | Fixed         | 5.00%                 | 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      | $512334.45    | 1.27%             | 2043-08-01      | Fixed         | 5.70%                 | Yes           |                  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      | $301902.81    | 0.75%             | 2035-07-15      | Fixed         | 5.00%                 | Yes           |                  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      | $785340.43    | 1.94%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  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      | $505086.15    | 1.25%             | 2054-10-01      | Variable      | 4.38%                 | Yes           |                  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      | $369581.06    | 0.91%             | 2045-01-01      | Fixed         | 5.25%                 | 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      | $344188.85    | 0.85%             | 2045-06-15      | Fixed         | 6.50%                 | 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      | $999969.50    | 2.47%             | 2047-12-31      | Fixed         | 5.00%                 | 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      | $207348.03    | 0.51%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                        | Public Finance Authority, Series 2025 C                                      | CUSIP: 74439YGC9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $492230.05    | 1.22%             | 2055-06-15      | Fixed         | 5.75%                 | 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        |    497850 | PA      | $454649.16    | 1.12%             | 2041-01-20      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                        | Public Finance Authority, Series 2025                                        | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $548628.00    | 1.36%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  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        |    760000 | PA      | $768364.26    | 1.90%             | 2044-09-01      | Fixed         | 5.50%                 | 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      | $999943.40    | 2.47%             | 2046-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                       | City of Houston TX, Series 2024 B                                            | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $535814.45    | 1.32%             | 2034-07-15      | Fixed         | 5.25%                 | 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      | $914178.30    | 2.26%             | 2055-07-01      | Fixed         | 4.50%                 | 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      | $225674.43    | 0.56%             | 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      | $193007.04    | 0.48%             | 2052-10-01      | Fixed         | 6.12%                 | 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      | $304529.10    | 0.75%             | 2029-07-01      | Variable      | 7.00%                 | 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      | $100153.58    | 0.25%             | 2036-07-01      | Fixed         | 5.00%                 | 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      | $511834.55    | 1.27%             | 2055-06-01      | Variable      | 5.00%                 | Yes           |                  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      | $511459.45    | 1.26%             | 2045-03-01      | Fixed         | 5.88%                 | No            |                  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      | $503351.85    | 1.24%             | 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      | $453475.60    | 1.12%             | 2050-06-15      | Fixed         | 5.12%                 | Yes           |                  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      | $556483.15    | 1.38%             | 2055-06-15      | Fixed         | 8.50%                 | Yes           |                  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      | $497228.15    | 1.23%             | 2039-12-01      | Fixed         | 5.25%                 | 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      | $349549.34    | 0.86%             | 2056-11-15      | Fixed         | 5.00%                 | Yes           |                  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      | $434685.73    | 1.07%             | 2045-09-01      | Fixed         | 6.00%                 | No            |                  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      | $1016024.60   | 2.51%             | 2039-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp.                          | San Antonio Education Facilities Corp., Series 2025                          | CUSIP: 796247EY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $325508.93    | 0.80%             | 2050-10-01      | Fixed         | 5.00%                 | 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      | $605992.92    | 1.50%             | 2055-06-01      | Fixed         | 5.50%                 | 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      | $510167.80    | 1.26%             | 2055-12-31      | Fixed         | 5.62%                 | Yes           |                  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        |    395000 | PA      | $369147.13    | 0.91%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  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      | $722316.30    | 1.79%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  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        |    210000 | PA      | $197021.69    | 0.49%             | 2031-12-15      | Fixed         | 3.00%                 | Yes           |                  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      | $758024.48    | 1.87%             | 2049-10-01      | 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      | $371654.31    | 0.92%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  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      | $520293.10    | 1.29%             | 2045-11-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Vermont Economic Development Authority                          | Vermont Economic Development Authority, Series 2022 A-2                      | CUSIP: 924157AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498164.30    | 1.23%             | 2052-06-01      | Variable      | 4.38%                 | Yes           |                  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      | $385370.46    | 0.95%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                        | Public Finance Authority, Series 2025                                        | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    725000 | PA      | $746000.28    | 1.84%             | 2065-12-31      | Fixed         | 5.75%                 | 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      | $483181.50    | 1.19%             | 2045-10-01      | Fixed         | 5.00%                 | 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        |    750000 | PA      | $728348.25    | 1.80%             | 2054-01-01      | Fixed         | 5.00%                 | Yes           |                  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      | $566472.18    | 1.40%             | 2055-06-01      | Fixed         | 6.25%                 | Yes           |                  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        |    500000 | PA      | $547493.30    | 1.35%             | 2044-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                            | District of Columbia, Series 2019                                            | CUSIP: 25483VVP6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    745000 | PA      | $735901.39    | 1.82%             | 2049-07-01      | Fixed         | 5.00%                 | 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      | $1015215.30   | 2.51%             | 2043-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds - MuniCash                            | BlackRock Liquidity Funds - MuniCash                                         | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |     57273 | NS      | $57278.88     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| New York State Housing Finance Agency                           | New York State Housing Finance Agency, Series 2013 B                         | CUSIP: 64986UB22<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150000.00    | 0.37%             | 2046-11-01      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| Jefferson County Port Authority/OH                              | Jefferson County Port Authority, Series 2021                                 | CUSIP: 473318AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $379615.05    | 0.94%             | 2051-12-01      | Fixed         | 3.50%                 | Yes           |                  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      | $471811.00    | 1.17%             | 2044-06-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Lavon                                                   | City of Lavon, Series 2025                                                   | CUSIP: 51946PCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $868321.24    | 2.15%             | 2045-09-15      | Fixed         | 5.75%                 | Yes           |                  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      | $477518.70    | 1.18%             | 2048-09-01      | Fixed         | 5.00%                 | 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      | $450264.25    | 1.11%             | 2047-12-01      | Fixed         | 5.00%                 | 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      | $508927.25    | 1.26%             | 2057-05-01      | Fixed         | 6.00%                 | 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      | $522350.03    | 1.29%             | 2060-10-01      | Fixed         | 6.25%                 | No            |                  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      | $504905.60    | 1.25%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                        | Public Finance Authority, Series 2025                                        | CUSIP: 74442EMQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $742292.33    | 1.84%             | 2045-06-15      | Fixed         | 5.25%                 | 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      | $432067.12    | 1.07%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  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      | $254472.35    | 0.63%             | 2045-05-01      | Fixed         | 5.75%                 | 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      | $508586.15    | 1.26%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                             | California School Finance Authority, Series 2025 A                           | CUSIP: 13058TVC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $702960.72    | 1.74%             | 2035-07-01      | Fixed         | 4.25%                 | Yes           |                  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      | $505430.55    | 1.25%             | 2055-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Maine State Housing Authority                                   | Maine State Housing Authority, Series 2017 G-1                               | CUSIP: 56052FJB2<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.49%             | 2050-11-15      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| 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      | $308630.82    | 0.76%             | 2055-07-01      | Variable      | 6.30%                 | Yes           |                  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      | $683043.15    | 1.69%             | 2042-11-01      | Fixed         | 4.75%                 | Yes           |                  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        |    485000 | PA      | $466615.01    | 1.15%             | 2050-12-01      | Fixed         | 4.38%                 | No            |                  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      | $1012361.40   | 2.50%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                       | City of Houston TX, Series 2024 B                                            | CUSIP: 442349HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540168.95    | 1.34%             | 2037-07-15      | Fixed         | 5.50%                 | 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      | $506394.50    | 1.25%             | 2054-11-01      | Fixed         | 5.62%                 | 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      | $511105.20    | 1.26%             | 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        |    985000 | PA      | $974658.49    | 2.41%             | 2049-01-01      | Fixed         | 5.50%                 | 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      | $538694.80    | 1.33%             | 2042-01-01      | Fixed         | 6.00%                 | 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      | $577227.62    | 1.43%             | 2045-05-01      | Fixed         | 5.80%                 | No            |                  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      | $507690.15    | 1.26%             | 2045-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Chisholm Creek Utility Authority                                | Chisholm Creek Utility Authority, Series 2025                                | CUSIP: 170123EF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $399000.01    | 0.99%             | 2045-09-01      | Fixed         | 4.00%                 | 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      | $105680.62    | 0.26%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  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      | $151760.52    | 0.38%             | 2053-12-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

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

**Signature:** Francis J. Smith

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

**Title:** Principal Financial Officer