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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MSA SAFETY INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TEXAS PACIFIC LAND CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DUKE ENERGY CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KENVUE INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RALLIANT 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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        <fairValLevel>1</fairValLevel>
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        <name>WASTE MANAGEMENT INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>AES 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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        <fairValLevel>1</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>WABTEC CORP</name>
        <lei>06BTX5UWZD0GQ5N5Y745</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MATCH GROUP INC</name>
        <lei>15OMOPB0A8K0EFUVD031</lei>
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          <isin value="US57667L1070"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CELESTICA INC</name>
        <lei>549300J3CG5T6RZWLN53</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARKEL GROUP INC</name>
        <lei>549300SCNO12JLWIK605</lei>
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          <isin value="US5705351048"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>QUEST DIAGNOSTICS INC</name>
        <lei>8MCWUBXQ0WE04KMXBX50</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHARKNINJA INC</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GODADDY INC - CLASS A</name>
        <lei>549300J8H1TB0I2CB447</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONTRA HOLOGIC INC</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>U-HAUL HOLDING CO</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FORTUNE BRANDS INNOVATIONS I</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AT&amp;T INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNITED THERAPEUTICS CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALLIANT ENERGY CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AMGEN INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HALOZYME THERAPEUTICS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BROWN &amp; BROWN INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VERSANT MEDIA GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NORDSON CORP</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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        <name>KKR &amp; CO INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OLD DOMINION FREIGHT LINE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GENUINE PARTS CO</name>
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        <fairValLevel>1</fairValLevel>
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        <name>APPLE INC</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
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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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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ANALOG DEVICES 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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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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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>WYNDHAM HOTELS &amp; RESORTS 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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        <fairValLevel>1</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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        <name>HOME DEPOT INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CRANE CO</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IREN LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GRAND CANYON EDUCATION INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TRADEWEB MARKETS INC-CLASS A</name>
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        <name>FASTENAL CO</name>
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        <name>EMERSON ELECTRIC CO</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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        <fairValLevel>1</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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        <name>HECLA MINING CO</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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        <fairValLevel>1</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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        <name>EVEREST GROUP LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>LINDE PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>CADENCE DESIGN SYS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NEXSTAR MEDIA GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>REYNOLDS CONSUMER PRODUCTS I</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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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>MASCO CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CENTERPOINT ENERGY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BROADRIDGE FINANCIAL SOLUTIO</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>MID-AMERICA APARTMENT COMM</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DUTCH BROS INC-CLASS A</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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        <fairValLevel>1</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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        <name>FEDERAL REALTY INVS TRUST</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HOWARD HUGHES HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ROYALTY PHARMA PLC- CL A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UBIQUITI INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WEST PHARMACEUTICAL SERVICES</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COREWEAVE INC-CL A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IONQ INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BUNGE GLOBAL SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TRANSUNION</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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        <fairValLevel>1</fairValLevel>
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        <name>EXPEDIA GROUP 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>TELEDYNE TECHNOLOGIES INC</name>
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        <name>TOAST INC-CLASS A</name>
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        <name>BLOCK 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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      <invstOrSec>
        <name>RB GLOBAL INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>TAIWAN SEMICONDUCTOR-SP ADR</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ACCENTURE PLC-CL A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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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>TRAVEL + LEISURE CO</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>IRON MOUNTAIN INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MARTIN MARIETTA MATERIALS</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VIATRIS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STERIS PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ZILLOW GROUP INC - A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PALANTIR TECHNOLOGIES INC-A</name>
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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>MASTEC INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BANK OF AMERICA CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JOHNSON CONTROLS INTERNATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>METTLER-TOLEDO INTERNATIONAL</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GRACO INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BIO-TECHNE CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>LEIDOS HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>DTE ENERGY COMPANY</name>
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        <name>SOLSTICE ADV MATERIALS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ARCHER-DANIELS-MIDLAND CO</name>
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        <name>JACOBS SOLUTIONS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>SILICON LABORATORIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KIRBY CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GE VERNOVA INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WW GRAINGER INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DECKERS OUTDOOR CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FIRST SOLAR INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EASTGROUP PROPERTIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>QIAGEN N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ZILLOW GROUP INC - C</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OMEGA HEALTHCARE INVESTORS</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HUMANA INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PEPSICO INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>GILEAD SCIENCES INC</name>
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        <name>NETAPP INC</name>
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        <name>ZSCALER INC</name>
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        <name>SOUTHWEST AIRLINES CO</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITEDHEALTH GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EXELON CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>APTIV PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>VALVOLINE INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HONEYWELL INTERNATIONAL INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SIMON PROPERTY GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LIBERTY GLOBAL LTD-A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>RPM INTERNATIONAL INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DARDEN RESTAURANTS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>XP INC - CLASS A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALTRIA GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>U-HAUL HOLDING CO-NON VOTING</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EXPAND ENERGY CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ASTERA LABS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ONTO INNOVATION INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>APOLLO GLOBAL MANAGEMENT INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ETSY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITY SOFTWARE INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ROSS STORES INC</name>
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        <name>BJ'S WHOLESALE CLUB HOLDINGS</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CORTEVA INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>TECHNIPFMC PLC</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>FIFTH THIRD BANCORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AXALTA COATING SYSTEMS LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>INSULET 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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        <fairValLevel>1</fairValLevel>
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        <name>JOHNSON &amp; JOHNSON</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INVITATION HOMES 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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        <fairValLevel>1</fairValLevel>
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        <name>BLACKROCK 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>AMERICAN EXPRESS CO</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>PROLOGIS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LAS VEGAS SANDS CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>REPUBLIC SERVICES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GUIDEWIRE SOFTWARE INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALPHABET INC-CL A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ITT INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WALT DISNEY CO/THE</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>WALT DISNEY CO/THE 0.00000000</title>
        <cusip>254687106</cusip>
        <identifiers>
          <isin value="US2546871060"/>
        </identifiers>
        <balance>166944.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17954827.20000000</valUSD>
        <pctVal>0.441333519266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>RALPH LAUREN CORP</name>
        <lei>HO1QNWM0IXBZ0QSMMO20</lei>
        <title>RALPH LAUREN CORP 0.00000000</title>
        <cusip>751212101</cusip>
        <identifiers>
          <isin value="US7512121010"/>
        </identifiers>
        <balance>1467.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>508902.30000000</valUSD>
        <pctVal>0.012508928129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
    </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>
