MSSM – Morgan Stanley Pathway Sm-Md Cp Eq ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation. The fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in the equity securities of small‑mid capitalization (or “cap”) companies or in other investments with similar economic characteristics. The manager defines small‑mid cap companies as companies with market caps not exceeding the highest month‑end market cap value of any stock in the Russell 2500® or Russell Mid Cap Index.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MSSM	Morgan Stanley Pathway Small-Mid Cap Equity ETF	ETF	Open			Nov 18, 1991	$694.77M	0.620%	—	—	−$100.08M

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