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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vulcan Materials Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Alphabet, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Expeditors International of Washington, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CME Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ingredion, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Valero Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OGE Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cal-Maine Foods, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Permian Resources Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Balchem Corp.</name>
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        <title>Balchem Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Polaris, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gentex Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>New Jersey Resources Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Flowers Foods, Inc.</name>
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        <name>Brookfield Asset Management Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>Danaher Corp.</name>
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        <name>Stryker Corp.</name>
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        <name>Intuit, Inc.</name>
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        <name>International Business Machines Corp.</name>
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        <name>Phillips 66</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Fidelity National Financial, Inc.</name>
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        <title>Fidelity National Financial, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Everest Group Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Automatic Data Processing, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Royalty Pharma plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Devon Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Fox Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Jack Henry &amp; Associates, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Snap-on, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Viper Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Johnson &amp; Johnson</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Merck &amp; Co., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AT&amp;T, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hormel Foods Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pfizer, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Atmos Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Regions Financial Corp.</name>
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        <title>Regions Financial Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Steven Madden Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Becton Dickinson &amp; Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Korn Ferry</name>
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        <name>Prudential Financial, Inc.</name>
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        <name>LKQ Corp.</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>Genuine Parts Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Chord Energy Corp.</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
        <title>Chord Energy Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>HF Sinclair Corp.</name>
        <lei>2549009G116AM01XHN24</lei>
        <title>HF Sinclair Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>United Bankshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Old Republic International Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cincinnati Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>NewMarket Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Exponent, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>General Dynamics Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>QIAGEN NV</name>
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        <name>News Corp.</name>
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        <name>TD SYNNEX Corp.</name>
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        <name>Prosperity Bancshares, Inc.</name>
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        <name>Columbia Sportswear Co.</name>
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        <name>Clorox Co. (The)</name>
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        <name>Roper Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Amdocs Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Abbott Laboratories</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Magnolia Oil &amp; Gas Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>International Paper Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Medtronic plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>MDU Resources Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Air Products and Chemicals, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Costco Wholesale Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Chemed Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Robert Half, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Keurig Dr Pepper, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Comcast Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Avista Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Conagra Brands, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cardinal Health, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Public Service Enterprise Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>International Seaways, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PPL Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cisco Systems, Inc.</name>
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        <name>Antero Midstream Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PepsiCo, Inc.</name>
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        <name>Corning, Inc.</name>
        <lei>549300X2937PB0CJ7I56</lei>
        <title>Corning, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>AptarGroup, Inc.</name>
        <lei>VNPEQDQFAA7IY1T2PX43</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>FirstEnergy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Hasbro, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RTX Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>STERIS plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alliant Energy Corp.</name>
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        <title>Alliant Energy Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Wendy's Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AbbVie, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Omnicom Group, Inc.</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
        <title>Omnicom Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Millicom International Cellular SA</name>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>WEC Energy Group, Inc.</name>
        <lei>549300IGLYTZUK3PVP70</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Donaldson Co., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IDACORP, Inc.</name>
        <lei>N134NUJDWN8UEFA8B673</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>EOG Resources, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Duke Energy Corp.</name>
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        <title>Duke Energy Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>First Interstate BancSystem, Inc.</name>
        <lei>549300WRWYTYX0RCNJ43</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Aflac, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Patterson-UTI Energy, Inc.</name>
        <lei>254900XGFBKIXD6G0697</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Texas Roadhouse, Inc.</name>
        <lei>5299002Y1CNRPDGXTQ75</lei>
        <title>Texas Roadhouse, Inc., Class A</title>
        <cusip>882681109</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Portland General Electric Co.</name>
        <lei>GJOUP9M7C39GLSK9R870</lei>
        <title>Portland General Electric Co.</title>
        <cusip>736508847</cusip>
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        <name>AO Smith Corp.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amcor plc</name>
        <lei>549300GSODGFCDQ3DI89</lei>
        <title>Amcor plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BV7DQ550"/>
        </identifiers>
        <balance>51116.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2215878.60000000</valUSD>
        <pctVal>0.554185639724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1968799.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Morgan Stanley ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>James F. Kirchner</ncom:signature>
      <ncom:signerName>James F. Kirchner</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
