# EDGAR Filing Document

**Accession Number:** 0001676326
**File Stem:** 0001752724-25-197797
**Filing Date:** 2025-8
**Character Count:** 38915
**Document Hash:** 031c43964c0a85919df66ab31e532b94
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-197797.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-197797

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**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:** 251242345

**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:** 2025-06-30

**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:** $39684284.96

**Total Liabilities:** $1925960.07

**Net Assets:** $37758324.89

**Delayed Delivery Securities:** $1265100.00

**Cash Not Reported:** $65550.89

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2.45591800 | **1-Year:** 99.69364900 | **5-Year:** 371.74742600 | **10-Year:** 7205.65018800 | **30-Year:** 6868.20374900

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

- **3-Month:** 0.00000000 | **1-Year:** 182.77270400 | **5-Year:** 1797.76365700 | **10-Year:** 3285.28171000 | **30-Year:** 2636.91163500

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254159 | -1.37%               | -0.61%               | 0.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $42791.47                | $-229846.70                                |
| Month 2  | $-37678.09               | $-306283.76                                |
| Month 3  | $8210.50                 | $163946.99                                 |

**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        |    280000 | PA      | $276860.11    | 0.73%             | 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        |    400000 | PA      | $373639.08    | 0.99%             | 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      | $506305.25    | 1.34%             | 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      | $301096.98    | 0.80%             | 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      | $759411.09    | 2.01%             | 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      | $498430.60    | 1.32%             | 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        |    400000 | PA      | $389561.48    | 1.03%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  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      | $958634.80    | 2.54%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | North Dakota Housing Finance Agency, Series 2015 F                           | CUSIP: 658909JW7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    750000 | PA      | $750000.00    | 1.99%             | 2047-01-01      | Variable      | 4.35%                 | 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      | $204239.39    | 0.54%             | 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      | $485417.50    | 1.29%             | 2055-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                    | Maryland Community Development Administration, Series 2012 B                 | CUSIP: 57419P7F0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.66%             | 2033-09-01      | Variable      | 4.35%                 | 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      | $761031.32    | 2.02%             | 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      | $967861.10    | 2.56%             | 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      | $515592.80    | 1.37%             | 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      | $877744.70    | 2.32%             | 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      | $223204.68    | 0.59%             | 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      | $191020.92    | 0.51%             | 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      | $301747.29    | 0.80%             | 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      | $100077.58    | 0.27%             | 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      | $504502.20    | 1.34%             | 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      | $508407.35    | 1.35%             | 2045-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | City of Los Angeles CA, Series 2025 A                                        | CUSIP: 5444453A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515973.80    | 1.37%             | 2045-05-15      | Fixed         | 5.25%                 | No            |                  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      | $454683.00    | 1.20%             | 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      | $548319.08    | 1.45%             | 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      | $494281.50    | 1.31%             | 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        |    410000 | PA      | $346251.52    | 0.92%             | 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      | $424839.13    | 1.13%             | 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      | $1006723.20   | 2.67%             | 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        |    500000 | PA      | $451021.70    | 1.19%             | 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      | $592150.38    | 1.57%             | 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      | $504928.65    | 1.34%             | 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      | $355293.26    | 0.94%             | 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      | $720282.45    | 1.91%             | 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      | $193309.58    | 0.51%             | 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      | $756658.50    | 2.00%             | 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      | $362890.08    | 0.96%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  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      | $493315.50    | 1.31%             | 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      | $358196.15    | 0.95%             | 2051-07-01      | None          | 0.00%                 | 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      | $470911.35    | 1.25%             | 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      | $705295.88    | 1.87%             | 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      | $562936.94    | 1.49%             | 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      | $521723.20    | 1.38%             | 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      | $712508.46    | 1.89%             | 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      | $1005110.80   | 2.66%             | 2043-11-01      | Fixed         | 6.00%                 | 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      | $361829.25    | 0.96%             | 2051-12-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2025 A-2, Class 1           | CUSIP: 63607WBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    499283 | PA      | $449733.76    | 1.19%             | 2041-01-20      | Variable      | 4.09%                 | 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      | $477762.90    | 1.27%             | 2044-06-15      | Fixed         | 5.00%                 | 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      | $465270.05    | 1.23%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                      | Development Authority of Burke County (The), Series 2009-1                   | CUSIP: 121342MW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750000.00    | 1.99%             | 2049-07-01      | Variable      | 3.95%                 | 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      | $462093.05    | 1.22%             | 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      | $498524.85    | 1.32%             | 2057-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | California Infrastructure & Economic Development Bank, Series 2025 A         | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948202.90    | 2.51%             | 2065-01-01      | Variable      | 9.50%                 | Yes           |                  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      | $514525.22    | 1.36%             | 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      | $495512.70    | 1.31%             | 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      | $734691.38    | 1.95%             | 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      | $420892.38    | 1.11%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority, Series 2014 A        | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $492155.15    | 1.30%             | 2054-12-01      | Fixed         | 5.50%                 | 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      | $249424.83    | 0.66%             | 2045-05-01      | Fixed         | 5.75%                 | Yes           |                  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      | $506353.20    | 1.34%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                             | New Hope Cultural Education Facilities Finance Corp., Series 2025            | CUSIP: 64542UHC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $459726.75    | 1.22%             | 2060-11-01      | 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      | $688620.66    | 1.82%             | 2035-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| University of California                                                         | University of California, Series Z-1                                         | CUSIP: 91412GEX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750000.00    | 1.99%             | 2041-07-01      | Variable      | 4.39%                 | 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      | $301579.14    | 0.80%             | 2055-07-01      | Variable      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Sheldon Community School District School Infrastructure Sales Services & Use Tax | Sheldon Community School District School, Series 2025                        | CUSIP: 822466AV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10019.92     | 0.03%             | 2045-06-01      | Fixed         | 5.00%                 | 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      | $680409.90    | 1.80%             | 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        |    490000 | PA      | $451306.66    | 1.20%             | 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      | $994659.30    | 2.63%             | 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      | $519732.75    | 1.38%             | 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      | $497972.90    | 1.32%             | 2054-11-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago IL, Series 2019 A                                            | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993131.90    | 2.63%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2025 E                                               | CUSIP: 167486W47<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530396.35    | 1.40%             | 2042-01-01      | Fixed         | 6.00%                 | 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      | $502521.70    | 1.33%             | 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        |    530000 | PA      | $471777.38    | 1.25%             | 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      | $102088.47    | 0.27%             | 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      | $150287.36    | 0.40%             | 2053-12-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

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

**Signature:** Francis J. Smith

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

**Title:** Principal Financial Officer