Morgan Stanley Pathway Large Cap Equity ETF
Actively managed U.S. stock ETF
As of its 2026 Q2 report, Morgan Stanley Pathway Large Cap Equity ETF held 1,008 positions with $4.00B in net assets. Its ten largest holdings made up 34.8% of the fund. The MSLC share class costs 0.39% a year. Over the 12 months to May 2026, MSLC returned 24.4%, with dividends reinvested. In 2026 Q2 it added 5 new positions and exited 11.
Capital appreciation.
The fund allocates portions of its assets to multiple sub-advisers who make day-to-day investment decisions, each responsible for investing large-capitalization equity securities typically within the Russell 1000 Index range. The fund may hold up to 10% in foreign securities not traded on U.S. exchanges and may lend portfolio securities to generate additional income. Because investment decisions are distributed among sub-advisers, fund performance depends on the individual performance of each sub-adviser's holdings and allocation decisions.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 6.61% | $264.36M | 1.3M | $211.14 |
MSFTMICROSOFT CORP | 4.98% | $199.11M | 442.2K | $450.24 |
AAPLAPPLE INC | 4.87% | $194.92M | 624.6K | $312.06 |
AMZNAMAZON.COM INC | 4.46% | $178.32M | 658.9K | $270.64 |
GOOGLALPHABET INC-CL A | 3.45% | $137.93M | 362.7K | $380.34 |
AVGOBROADCOM INC | 2.87% | $114.78M | 256.9K | $446.77 |
2.33% | $93.24M | 147.4K | $632.51 | |
2.14% | $85.49M | 227.1K | $376.43 | |
1.76% | $70.51M | 72.6K | $971.00 | |
1.37% | $54.90M | 183.4K | $299.31 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
The 200 largest of 1,008 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 96.84% |
| Real assets | 1.87% |
| Cash & short-term | 0.03% |
By sector
- Information Technology
- 33.3%
- Financials
- 12.8%
- Communication Services
- 10.7%
- Industrials
- 10.1%
- 10 other sectors
- 33.0%
- Information Technology
- 33.3%
- Financials
- 12.8%
- Communication Services
- 10.7%
- Industrials
- 10.1%
- Consumer Discretionary
- 9.9%
- Health Care
- 8.5%
- Consumer Staples
- 3.7%
- Energy
- 3.2%
- Real Estate
- 2.6%
- Materials
- 2.5%
- Utilities
- 1.9%
- International
- 0.7%
- Other
- 0.1%
- Cash
- 0.0%
How it has done
MSLC share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.38%. Past returns are a record, not a forecast.
Fees & fund details
Morgan Stanley Pathway Large Cap Equity ETF is an actively managed U.S. equity ETF. 20% of MSLC’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 98% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Expense ratio, by class
- 0.39%· MSLC 0.39%
- Portfolio turnover
- 13.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
5 new· the largest 3
11 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Understand how this fund fits with the rest.
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