TIEUX
International Equity Fund
MORGAN STANLEY PATHWAY FUNDS
Expense ratio1
0.60%
Net assets2
$1.37B
Holdings2
923
Category
International Equity
2025 return3
29.84%

Investment objective & strategy

As of Dec. 29, 2025 · prospectus

Objective. Capital appreciation.

Strategy. The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in the equity securities of companies located outside the U.S. The Fund focuses on companies located in developed markets, but also may invest a portion of its assets in securities of companies located in emerging markets. The Fund intends to diversify its assets by investing primarily in securities of issuers located in at least three foreign countries. The Fund may attempt to hedge against unfavorable changes in currency exchange rates by engaging in forward currency transactions or currency swaps and trading currency futures contracts and options on these futures. However, a Sub-adviser (as defined below) may … The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in the equity securities of companies located outside the U.S. The Fund focuses on companies located in developed markets, but also may invest a portion of its assets in securities of companies located in emerging markets. The Fund intends to diversify its assets by investing primarily in securities of issuers located in at least three foreign countries. The Fund may attempt to hedge against unfavorable changes in currency exchange rates by engaging in forward currency transactions or currency swaps and trading currency futures contracts and options on these futures. However, a Sub-adviser (as defined below) may choose not to, or may be unable to, hedge the Funds currency exposure. The Fund may also lend portfolio securities to earn additional income. Any income realized through securities lending may help Fund performance. The Fund employs a multi-manager strategy whereby portions of the Fund are allocated to professional money managers (each, a Sub-adviser, collectively, the Sub-advisers) who are responsible for investing the assets of the Fund.

Top holdings

As of Feb. 28, 2026 · N-PORT
SecurityTickerValue% of fund
ASML HOLDING NV $27.47M 2.00%
ROCHE HLDG-GENUS $26.96M 1.96%
AstraZeneca PLC ORD USD0.25 AZN LN $25.30M 1.84%
SAP SE $18.86M 1.37%
INFINEON TECHS. AG IFX $16.14M 1.18%
Kering S.A. EUR4 PPRUF $15.33M 1.12%
National Grid PLC ORD GBP0.12431289 NG/ LN $14.02M 1.02%
Renesas Electronics Corporation RNECF $12.78M 0.93%
LVMH MOET HENNE $12.01M 0.87%
CFD_EQS GOLDUS33 B0DJ8Q5 AOMFF $11.87M 0.86%
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Allocation by sector

As of February 28, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Nov 30, 2025 → Feb 28, 2026
Opened
28
Exited
30
Increased
222
Decreased
435
Unchanged
238

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Nuveen International Equity Index Fund · TCIEX, TRIEX, TRIPX, TCIHX, TCIWX 62% 0.00%
International Equity Index Fund · NOINX 61% 0.10%
Empower International Index Fund · MXINX, MXPBX 60% 0.25%
View all similar funds →

Advisers

As of August 31, 2025 · N-CEN
FirmRole
Schroder Investment Management North America Inc. Sub-adviser
Victory Capital Management Inc. Sub-adviser
CAUSEWAY CAPITAL MANAGEMENT LLC Sub-adviser
Blackrock Financial Management, INC Sub-adviser
CONSULTING GROUP ADVISORY SERVICES LLC Adviser
Walter Scott & Partners Limited Sub-adviser

Footnotes

  1. Expense ratio as of December 29, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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