Morningstar

Morgan Stanley Pathway Funds Ultra-Short Term Fixed Income Fund TSDUX

Morningstar Medalist Rating
Medalist Rating as of | See Morgan Stanley Investment Hub
  • NAV / 1-Day Return 9.75  /  0.00
  • Total Assets 253.0M
  • Adj. Expense Ratio
    0.520%
  • Expense Ratio 0.530%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.33%
  • Effective Duration 0.33 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis TSDUX

Will TSDUX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TSDUX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TSDUX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TSDUX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An ultrashort bond standout.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

Pimco Short-Term is in every respect a standout choice among ultrashort bond peers. The broadest of Pimco's ultrashort strategies, this review includes Pimco Short-Term and non-US-domiciled Pimco GIS US Short-Term.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings TSDUX

More TSDUX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Dec 26

10.18 28M
Government

5 Year Treasury Note Future Dec 26

4.35 12M
Government

Federal National Mortgage Association 5.5%

2.76 8M
Securitized

Federal National Mortgage Association 4.74%

2.60 7M
Securitized

Government National Mortgage Association 4.8%

2.58 7M
Securitized

Us Dollars

0.99 3M
Cash and Equivalents

Mizuho Financial Group Inc. 4.86%

0.98 3M
Corporate

Saudi Arabia (Kingdom of) 5.13%

0.98 3M
Government

Banco Santander SA 5.39%

0.94 3M
Corporate

American Honda Finance Corporation 4.52%

0.91 3M
Corporate

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