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        <name>FNR 2025-6 FA V/R 02/25/55</name>
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        <name>STELLANTIS FIN 1.711% 01/29/27</name>
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        <name>CARMX 2026-3 A 4.36% 10/15/29</name>
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        <name>KEURIG DR PEPPER  V/R 03/15/27</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VIATRIS INC 2.3% 06/22/27</name>
        <lei>254900ZZTSW7NL773X71</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SGSP AUSTRALIA A 3.5% 07/07/27</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUMITOMO MITSUI F V/R 04/15/30</name>
        <lei>35380028MYWPB6AUO129</lei>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>IMPERIAL BRAND 6.125% 07/27/27</name>
        <lei>N/A</lei>
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        <cusip>45262BAF0</cusip>
        <identifiers>
          <isin value="US45262BAF04"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NSLT 2025-DA A 4.65% 08/20/54</name>
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        <identifiers>
          <isin value="US639931AA23"/>
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        <fairValLevel>2</fairValLevel>
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        <name>PPMC 2021-5A AR V/R 10/18/34</name>
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        <title>PPM CLO 5 LTD SER 2021-5A CL AR V/R REGD 144A P/P 4.90921000</title>
        <cusip>69356TAJ0</cusip>
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          <isin value="US69356TAJ07"/>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LLOYDS BANKING GR V/R 01/05/28</name>
        <lei>549300PPXHEU2JF0AM85</lei>
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        <cusip>53944YAY9</cusip>
        <identifiers>
          <isin value="US53944YAY95"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>AMERICAN HONDA FI V/R 07/09/27</name>
        <lei>N/A</lei>
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        <cusip>02665WGE5</cusip>
        <identifiers>
          <isin value="US02665WGE57"/>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHR 5484 FA V/R 12/25/54</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC REMICS SER 5484 CL FA V/R 4.84319000</title>
        <cusip>3137HHKS9</cusip>
        <identifiers>
          <isin value="US3137HHKS99"/>
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        <curCd>USD</curCd>
        <valUSD>49926.39000000</valUSD>
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        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>WLAKE 2025-P1  4.58% 01/18/28</name>
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        <title>WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2025-P1 SER 2025-P1 CL A3 REGD 144A P/P 4.58000000</title>
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          <isin value="US96043LAC46"/>
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        <fairValLevel>2</fairValLevel>
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        <name>COREBRIDGE GLOB F V/R 01/07/28</name>
        <lei>54930057MDZ7KOVOTV71</lei>
        <title>COREBRIDGE GLOB FUNDING REGD V/R 144A P/P 4.40280800</title>
        <cusip>00138CBE7</cusip>
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          <isin value="US00138CBE75"/>
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        <fairValLevel>2</fairValLevel>
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        <name>UBS GROUP AG 4.253% 03/23/28</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
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          <isin value="USH4209UAC02"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FNR 2025-19 FC V/R 03/25/55</name>
        <lei>N/A</lei>
        <title>FANNIE MAE REMICS SER 2025-19 CL FC V/R 4.80319000</title>
        <cusip>3136BVBY3</cusip>
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          <isin value="US3136BVBY34"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FNR 2024-103 FJ V/R 01/25/55</name>
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        <title>FANNIE MAE REMICS SER 2024-103 CL FJ V/R 4.84319000</title>
        <cusip>3136BUPN4</cusip>
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          <isin value="US3136BUPN40"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FHR 5584 DF V/R 10/25/55</name>
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        <title>FREDDIE MAC REMICS SER 5584 CL DF V/R 4.54319000</title>
        <cusip>3137HNCM8</cusip>
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          <isin value="US3137HNCM89"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>BOEING CO 5.04% 05/01/27</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BOEING CO REGD 5.04000000</title>
        <cusip>097023CU7</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NAVSL 2020-GA  1.17% 02/15/28</name>
        <lei>N/A</lei>
        <title>NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-G SER 2020-GA CL A REGD 144A P/P 1.17000000</title>
        <cusip>63941UAA1</cusip>
        <identifiers>
          <isin value="US63941UAA16"/>
        </identifiers>
        <balance>80780.19000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75692.18000000</valUSD>
        <pctVal>0.029679934422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-09-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.17000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Morgan Stanley Pathway Funds</ncom:nameOfApplicant>
      <ncom:signature>James F. Kirchner</ncom:signature>
      <ncom:signerName>James F. Kirchner</ncom:signerName>
      <ncom:title>Chief Financial Officer </ncom:title>
    </signature>
  </formData>
</edgarSubmission>
