Morgan Stanley Pathway Funds - Large Cap Equity ETF

Frequently Asked Questions About MSLC

What does MSLC invest in?

MSLC primarily invests in equity securities of US large-cap companies or other investments with similar economic characteristics. The fund uses the Russell 1000 Index as a benchmark for the market capitalization of eligible companies. This means that its large-cap universe may dip into mid-cap territory. To construct the portfolio, the fund employs a multi-manager strategy, with portions of the fund allocated to professional money managers who are responsible for investing the fund's assets. The fund may allocate up to 10% of its assets in foreign securities not traded on a US exchange or the US over-the-counter market. To generate additional income, the fund may lend portfolio securities. On December 9, 2024, MSLC converted from a mutual fund to an ETF structure, starting with $2.8 billion in assets.

What is the expense ratio of MSLC?

Morgan Stanley Pathway Funds - Large Cap Equity ETF (MSLC) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MSLC?

Morgan Stanley Pathway Funds - Large Cap Equity ETF (MSLC) manages $4.06B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is MSLC actively managed or an index fund?

MSLC is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MSLC's is 0.63%) in exchange for the discretion to over- or under-weight positions.

When was MSLC launched?

Morgan Stanley Pathway Funds - Large Cap Equity ETF (MSLC) launched in November 1991 and is managed by Morgan Stanley.

How has MSLC performed?

MSLC's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.