Morgan Stanley Pathway Funds International Equity Fund

Shareclass

Morgan Stanley Pathway Intl Eq (TIEUX)

Type

Open-end mutual fund

Manager

Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments

15.78%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

holdings flagged

16%

of assets flagged

This fund contains

$183.71 MILLION invested

in holdings flagged for deforestation risk

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Commodity producers

13 holdings

0.89% of assets

$10.39 MILLION invested

Banks and lenders

19 holdings

6.46% of assets

$75.23 MILLION invested

Major consumer brands

53 holdings

8.7% of assets

$101.24 MILLION invested

Commodity producers

13 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

13 HOLDINGS

% of portfolio
$ invested
1. ITOCHU Corp
0.28%0.28% of portfolio
$3.27M$3.27M invested
2. Mitsubishi Corp
0.16%0.16% of portfolio
$1.88M$1.88M invested
3. Jardine Matheson Holdings Ltd
0.15%0.15% of portfolio
$1.74M$1.74M invested
4. Glencore PLC
0.09%0.09% of portfolio
$1.1M$1.1M invested
5. Marubeni Corp
0.07%0.07% of portfolio
$784,076$784,076 invested

View next 5

Banks and lenders

19 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

19 HOLDINGS

% of portfolio
$ invested
1. Barclays PLC
0.9%0.9% of portfolio
$10.52M$10.52M invested
2. BNP Paribas Act. Cat.A
0.81%0.81% of portfolio
$9.43M$9.43M invested
3. Sumitomo Mitsui Financial Group Inc
0.56%0.56% of portfolio
$6.51M$6.51M invested
4. HSBC Holdings PLC
0.49%0.49% of portfolio
$5.72M$5.72M invested
5. Commonwealth Bank of Australia
0.44%0.44% of portfolio
$5.17M$5.17M invested

View next 5

Major consumer brands

53 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

53 HOLDINGS

% of portfolio
$ invested
1. Reckitt Benckiser Group PLC
1%1% of portfolio
$11.63M$11.63M invested
2. Kering SA
0.8%0.8% of portfolio
$9.32M$9.32M invested
3. RELX PLC
0.66%0.66% of portfolio
$7.73M$7.73M invested
4. Lvmh Moet Hennessy Louis Vuitton SE
0.65%0.65% of portfolio
$7.61M$7.61M invested
5. Nestle SA
0.65%0.65% of portfolio
$7.58M$7.58M invested

View next 5

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DATA AS OF 31 May 2025

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Sustainability report card

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Morgan Stanley Pathway Funds International Equity Fund TIEUX

Environment

Fossil fuels

Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation

Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality

Gender equality group ranking, based on Equileap company data

Civilian firearms

Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex

Investments in prisons and borders industry, including private prison operators

Military weapons

Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco

Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on TIEUX at Morningstar.com

Current fund

TIEUX

Morgan Stanley Pathway Funds International Equity Fund

Family

Morgan Stanley

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 5/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

0.69% more in annualized returns

Less invested in commodity producers

0.3% less invested

More invested in banks and lenders

0.59% more invested

More invested in major consumer brands

1.54% more invested

Current fund

TIEUX

Morgan Stanley Pathway Funds International Equity Fund

Family

Morgan Stanley

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 5/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

0.69% more in annualized returns

Less invested in commodity producers

0.3% less invested

More invested in banks and lenders

0.59% more invested

More invested in major consumer brands

1.54% more invested

Current fund

TIEUX

Morgan Stanley Pathway Funds International Equity Fund

Family

Morgan Stanley

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 5/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

0.69% more in annualized returns

Less invested in commodity producers

0.3% less invested

More invested in banks and lenders

0.59% more invested

More invested in major consumer brands

1.54% more invested

Month-end trailing returns

Performance as of date: 5/31/25

Morningstar suggested benchmark: MSCI ACWI Ex USA NR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
TIEUX - Morgan Stanley Pathway Funds International Equity Fund

11%

12%

6.05%

0.89%

Benchmark

13%

9.32%

10%

5.36%

1.19%

Fund compared to benchmark

-1.9%

1.89%

1.78%

0.69%

0.3% lower

Find more financial data on TIEUX at Morningstar.com

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