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Beacon

MSLCMorgan Stanley Pathway Large Cap Equity ETF

Grow my money34y track recordRanked #378 of 2,960 in this goal

Capital appreciation.

By Morgan Stanley · Launched 1991

Annual Cost

0.39%

#1,958 of 5,562 · average

Fund Size

$4.0B

#487 of 5,562 · large

Return (1Y)Goal

+21.7%

Track Record

34 years

#6 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$12,187+21.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Cap

Large

Strategy

Active selection

Index tracked

Russell 1000 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 34.1% of fund✓ well diversified

MICROSOFT CORP
6.1%
NVIDIA CORP
5.9%
APPLE INC
4.6%
AMAZON.COM INC
4.5%
ALPHABET INC-CL A
3.0%
BROADCOM INC
2.9%
META PLATFORMS INC-CLASS A
2.4%
ALPHABET INC-CL C
1.8%
JPMORGAN CHASE & CO
1.6%
TESLA INC
1.4%

Asset allocation

Stocks
98.8%
Cash
1.2%

By sector

Technology
34.3%
Financial Services
13.3%
Communication
11.0%
Consumer Cyclical
10.1%
Industrials
9.7%
Healthcare
8.5%
Consumer Defensive
3.6%
Energy
3.2%
Other
6.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.3%Moderate

Year-on-year price swings

Max drawdown
-17.9%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Capital appreciation.
Strategy
Invests primarily in large-cap equity securities, defined as those within the Russell 1000 Index. May invest up to 10% in foreign securities not traded on U.S. exchanges. Employs a multi-manager strategy, allocating assets to professional money managers.
Inception date
November 18, 1991
Fund family
Morgan Stanley

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
95.0%
TE
4.0%
Beta
0.93
Fee
3× 0.11%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + high_r_squared+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19