# EDGAR Filing Document

**Accession Number:** 0001676326
**File Stem:** 0002071691-26-011932
**Filing Date:** 2026-5
**Character Count:** 48406
**Document Hash:** 28590b80438b24af44b1780cfa353c07
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-011932.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0002071691-26-011932

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**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:** 261022380

**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:** 2026-03-31

**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:** $47921418.95

**Total Liabilities:** $227785.61

**Net Assets:** $47693633.34

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 382.92008400 | **1-Year:** 60.97455400 | **5-Year:** 1796.82966300 | **10-Year:** 8270.04054700 | **30-Year:** 4113.42220200

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

- **3-Month:** 0.00000000 | **1-Year:** 298.64921700 | **5-Year:** 1426.38025300 | **10-Year:** 5638.36044700 | **30-Year:** 5565.55219900

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254159 | 0.79%                | 1.92%                | -1.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $11974.02                | $162809.44                                 |
| Month 2  | $1640.71                 | $757079.88                                 |
| Month 3  | $19238.43                | $-1153298.07                               |

**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      | $205005.54    | 0.43%             | 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        |    320000 | PA      | $299477.25    | 0.63%             | 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      | $522123.45    | 1.09%             | 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      | $301210.05    | 0.63%             | 2035-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Brightshore Community Development District                      | Brightshore Community Development District, Series 2026                      | CUSIP: 10948FAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $236603.75    | 0.50%             | 2046-05-01      | Fixed         | 5.30%                 | 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      | $786082.22    | 1.65%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                        | Build NYC Resource Corp., Series 2026 C                                      | CUSIP: 12008EXX9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    540000 | PA      | $536042.50    | 1.12%             | 2030-12-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| City of Chicago                                                 | City of Chicago IL, Series 2024 A                                            | CUSIP: 167486T33<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    360000 | PA      | $354606.19    | 0.74%             | 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      | $350812.81    | 0.74%             | 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      | $1000607.80   | 2.10%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                     | Florida Local Government Finance Commission, Series 2026                     | CUSIP: 34077EAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $255593.45    | 0.54%             | 2061-10-01      | Fixed         | 5.88%                 | 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      | $208602.32    | 0.44%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  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      | $394573.72    | 0.83%             | 2050-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lawton Industrial Development Authority                         | Lawton Industrial Development Authority, Series 2026 A                       | CUSIP: 521005BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508050.70    | 1.07%             | 2051-07-01      | 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      | $750505.65    | 1.57%             | 2050-12-01      | Fixed         | 5.75%                 | 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      | $484070.30    | 1.01%             | 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        |    495472 | PA      | $470361.57    | 0.99%             | 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      | $545225.15    | 1.14%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                        | New Hampshire Business Finance Authority, Series 2026 A                      | CUSIP: 63610TAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511560.15    | 1.07%             | 2057-09-15      | Fixed         | 5.62%                 | 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        |    735000 | PA      | $762092.39    | 1.60%             | 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      | $999917.20    | 2.10%             | 2046-05-01      | Fixed         | 5.12%                 | 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      | $524653.60    | 1.10%             | 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        |    995000 | PA      | $906205.50    | 1.90%             | 2055-07-01      | Fixed         | 4.50%                 | 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      | $251475.65    | 0.53%             | 2065-07-01      | Fixed         | 5.62%                 | No            |                  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        |    650000 | PA      | $672787.90    | 1.41%             | 2050-07-01      | Fixed         | 5.25%                 | 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      | $261546.09    | 0.55%             | 2037-10-01      | Fixed         | 6.00%                 | Yes           |                  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      | $478870.50    | 1.00%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  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      | $234425.16    | 0.49%             | 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      | $303813.54    | 0.64%             | 2029-07-01      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| City of Anna                                                    | City of Anna, Series 2026                                                    | CUSIP: 035713BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196400.42    | 0.41%             | 2046-09-15      | Fixed         | 5.35%                 | 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      | $100064.43    | 0.21%             | 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      | $507399.10    | 1.06%             | 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      | $518107.05    | 1.09%             | 2045-03-01      | Fixed         | 5.88%                 | 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      | $446082.84    | 0.94%             | 2061-01-01      | Fixed         | 6.25%                 | 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      | $506620.75    | 1.06%             | 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      | $456089.70    | 0.96%             | 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      | $556656.99    | 1.17%             | 2055-06-15      | Fixed         | 8.50%                 | 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      | $251715.63    | 0.53%             | 2060-12-01      | Fixed         | 5.62%                 | 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      | $481162.50    | 1.01%             | 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        |    580000 | PA      | $502642.62    | 1.05%             | 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      | $447989.94    | 0.94%             | 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      | $1021323.90   | 2.14%             | 2039-04-01      | Fixed         | 5.50%                 | Yes           |                  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      | $472909.05    | 0.99%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brightshore Community Development District                      | Brightshore Community Development District, Series 2026                      | CUSIP: 10948FAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $283332.57    | 0.59%             | 2057-05-01      | Fixed         | 5.70%                 | 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      | $595754.22    | 1.25%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| College of Western Idaho                                        | College of Western Idaho, Series 2025                                        | CUSIP: 194521BY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $111846.65    | 0.23%             | 2045-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Denton                                                | County of Denton TX, Series 2025                                             | CUSIP: 24880GAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506950.05    | 1.06%             | 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        |    210000 | PA      | $200593.55    | 0.42%             | 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      | $715113.30    | 1.50%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  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      | $424016.46    | 0.89%             | 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      | $169909.27    | 0.36%             | 2031-12-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                      | Capital Trust Agency, Inc., Series 2020 A                                    | CUSIP: 14054CCQ0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $203546.70    | 0.43%             | 2049-12-15      | Fixed         | 5.00%                 | 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      | $766053.08    | 1.61%             | 2049-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                     | Washington State Housing Finance Commission, Series 2019 A                   | CUSIP: 939783YZ3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $494721.25    | 1.04%             | 2044-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                        | Public Finance Authority, Series 2025 A                                      | CUSIP: 74439YGF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    370000 | PA      | $371292.15    | 0.78%             | 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      | $529720.10    | 1.11%             | 2045-11-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority           | Pennsylvania Economic Development Financing Authority, Series 2026           | CUSIP: 708692CE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200308.02    | 0.42%             | 2056-03-01      | Variable      | 5.45%                 | 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      | $392687.30    | 0.82%             | 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      | $740499.99    | 1.55%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | 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      | $605625.00    | 1.27%             | 2055-06-01      | 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      | $487487.15    | 1.02%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Steel Valley School District                                    | Steel Valley School District, Series 2026                                    | CUSIP: 858151NB5<br>LEI: 549300BYA5FSMYFPGP34 | Long             | DBT              | MUN               | US        |     75000 | PA      | $71656.72     | 0.15%             | 2054-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds - MuniCash                            | BlackRock Liquidity Funds - MuniCash                                         | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |     20071 | NS      | $20073.01     | 0.04%             |  |  |  | No            |                  1 | 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      | $568805.85    | 1.19%             | 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        |    430000 | PA      | $473238.39    | 0.99%             | 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      | $710271.23    | 1.49%             | 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      | $1008173.80   | 2.11%             | 2043-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                          | California Municipal Finance Authority, Series 2026 B                        | CUSIP: 13048V5Q7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98570.95     | 0.21%             | 2037-09-01      | Fixed         | 6.53%                 | 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      | $413905.20    | 0.87%             | 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      | $460407.35    | 0.97%             | 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      | $878457.15    | 1.84%             | 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      | $489571.35    | 1.03%             | 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      | $453838.95    | 0.95%             | 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      | $504272.95    | 1.06%             | 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      | $523259.14    | 1.10%             | 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      | $494291.10    | 1.04%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Big Cypress Stewardship District                                | Big Cypress Stewardship District, Series 2026                                | CUSIP: 08911PAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484891.95    | 1.02%             | 2055-05-01      | Fixed         | 5.75%                 | No            |                  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        |   1015000 | PA      | $1012409.92   | 2.12%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                        | Public Finance Authority, Series 2025                                        | CUSIP: 74442EMQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $726401.85    | 1.52%             | 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      | $425599.88    | 0.89%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                        | Build NYC Resource Corp., Series 2026 B-2                                    | CUSIP: 12008EXU5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    250000 | PA      | $244348.95    | 0.51%             | 2032-12-15      | Fixed         | 5.50%                 | 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      | $256570.40    | 0.54%             | 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      | $506456.85    | 1.06%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                       | New York Transportation Development Corp., Series 2025                       | CUSIP: 650116JP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $789309.98    | 1.65%             | 2055-06-30      | Fixed         | 6.00%                 | No            |                  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      | $244783.98    | 0.51%             | 2060-12-01      | Fixed         | 5.75%                 | 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      | $507669.30    | 1.06%             | 2055-06-15      | Fixed         | 6.00%                 | Yes           |                  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      | $501418.35    | 1.05%             | 2054-11-15      | Fixed         | 5.75%                 | 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      | $309278.31    | 0.65%             | 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      | $660822.83    | 1.39%             | 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        |     50000 | PA      | $46559.65     | 0.10%             | 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      | $1052221.00   | 2.21%             | 2038-05-01      | Fixed         | 5.00%                 | 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      | $523842.30    | 1.10%             | 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      | $505439.75    | 1.06%             | 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      | $509108.65    | 1.07%             | 2035-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Chicago                                                 | City of Chicago IL, Series 2019 A                                            | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    300000 | PA      | $294935.94    | 0.62%             | 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      | $543152.45    | 1.14%             | 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      | $597459.70    | 1.25%             | 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      | $516383.45    | 1.08%             | 2045-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Steel Valley School District                                    | Steel Valley School District, Series 2026                                    | CUSIP: 858151MZ3<br>LEI: 549300BYA5FSMYFPGP34 | Long             | DBT              | MUN               | US        |     40000 | PA      | $38735.67     | 0.08%             | 2047-11-01      | Fixed         | 4.38%                 | 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      | $105936.24    | 0.22%             | 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      | $153067.67    | 0.32%             | 2053-12-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

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

**Signature:** James F. Kirchner

**Name of Signer:** James F. Kirchner

**Title:** Principal Financial Officer