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MSSMMorgan Stanley Pathway Small-Mid Cap Equity ETF

Grow my money34y track recordRanked #963 of 2,998 in this goal

Seeks capital appreciation.

By Morgan Stanley · Launched 1991

Annual Cost

0.62%

#3,324 of 5,861 · average

Fund Size

$762M

#1,292 of 5,861 · large

Return (1Y)Goal

+27.1%

Track Record

34 years

#5 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$12,830+28.3%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Cap

Smid

Strategy

Active selection

Index tracked

Russell 2500 or Russell Mid Cap Index

What it actually holds

By weight

Concentration

Top 10 holdings = 8.8% of fundwell diversified

FTAI AVIATION LTD
1.3%
COMFORT SYSTEMS USA INC
1.1%
ASCENDIS PHARMA A/S - ADR
1.0%
TECHNIPFMC PLC
1.0%
VIASAT INC
0.9%
BLOOM ENERGY CORP- A
0.8%
REGAL REXNORD CORP
0.8%
CIENA CORP
0.7%
RESIDEO TECHNOLOGIES INC
0.6%
IPG PHOTONICS CORP
0.6%

Asset allocation

Stocks
97.6%
Cash
2.4%

By sector

Technology
20.3%
Industrials
19.7%
Healthcare
15.3%
Financial Services
13.5%
Consumer Cyclical
9.8%
Real Estate
4.5%
Utilities
3.9%
Basic Materials
3.7%
Other
9.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
17.8%Moderate

Year-on-year price swings

Max drawdown
-24.2%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks capital appreciation.
Strategy
Invests primarily in equity securities of small-mid capitalization companies, defined as those with market caps not exceeding the highest month-end market cap value of any stock in the Russell 2500 or Russell Mid Cap Index. Employs a multi-manager strategy, allocating assets to professional money managers and may invest up to 10% in foreign issuers not traded on U.S. exchanges.
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

You're paying active fees for an index

This fund charges active-management prices while tracking its benchmark almost perfectly (a high R²). The metrics below show how little active management you're getting for that premium: low tracking error and a fee well above the passive peer median.

95.8%
TE
4.5%
Beta
0.93
Fee
2× 0.30%

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

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 2026-08-04