TSDUX
Ultra-Short Term Fixed Income Fund
MORGAN STANLEY PATHWAY FUNDS

Portfolio concentration

As of February 28, 2026 · N-PORT
Holdings
369
Top-10 weight
23.49%
Effective holdings ?
67
Crowding ?
38.0

Holdings

As of February 28, 2026 · N-PORT
#SecurityTickerSharesValue% of fund
1 FUTURE CONTRACT ON US 5YR NOTE (CBT) JUN26 0.00000000 325 $35.80M 11.92%
2 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2025-135 CL FE V/R 5.24888000 7,744,947 $7.83M 2.61%
3 FNMA, Series 2025-88, Class KF 7,487,409 $7.54M 2.51%
4 FNCL 5.5 4/26 7,200,000 $7.31M 2.43%
5 U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 10/15/2026 TII 6,166,628 $6.18M 2.06%
6 U.S. Treasury Inflation-Protected Security 0.375%, due 01/15/27 TII 4,963,587 $4.95M 1.65%
7 U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 07/15/2026 T 4,596,494 $4.62M 1.54%
8 FUTURE CONTRACT ON 3 MONTH SOFR FUT DEC27 0.00000000 SFRZ7XCME 19 $4.61M 1.54%
9 MPLX LP 3,400,000 $3.40M 1.13%
10 F+G GLOBAL FUNDING SECURED 144A 06/26 1.75 3,000,000 $2.97M 0.99%
11 HNDA Float 08/13/27 2,900,000 $2.91M 0.97%
12 AIRCASTLE LTD 2,900,000 $2.90M 0.97%
13 FREDDIE MAC REMICS SER 5513 CL MF V/R 5.01180000 FHR 2,874,091 $2.89M 0.96%
14 Carvana Auto Receivables Trust, Series 2023-P1, Class A4 2,769,000 $2.81M 0.93%
15 AERCAP IRELAND 2,800,000 $2.77M 0.92%
16 SAUDI INTERNATIONAL BOND REGD REG S 5.12500000 2,700,000 $2.76M 0.92%
17 MIZUHO FINANCIAL GROUP SR UNSECURED 05/31 VAR 2,700,000 $2.72M 0.91%
18 ING GROEP NV SR UNSECURED 04/27 VAR INTNED 2,700,000 $2.70M 0.90%
19 U.S. Treasury Bills B 2,700,000 $2.69M 0.90%
20 RY F 03/27/28 GMTN RY 2,565,000 $2.57M 0.86%
21 VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 2,500,000 $2.52M 0.84%
22 BCC 2022-2A A1R BCC 2,500,000 $2.50M 0.83%
23 MOLSON COORS 2,500,000 $2.49M 0.83%
24 FNMA, Series 2025-95, Class F 2,422,731 $2.43M 0.81%
25 NATIONAL BANK OF CANA FRN NACN 2,400,000 $2.41M 0.80%
26 AVIATION CAPITAL 2,420,000 $2.39M 0.80%
27 SANUK V1.673 06/14/27 SANUK 2,400,000 $2.38M 0.79%
28 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-122 CL FA V/R 3.00000000 2,665,185 $2.37M 0.79%
29 UBER TECHNOLOGIES INC REGD 144A P/P 4.50000000 UBER 2,300,000 $2.30M 0.77%
30 STARBUCKS CORP 2,300,000 $2.26M 0.75%
31 BMW US CAPITAL LLC REGD V/R 144A P/P 5.03519200 2,200,000 $2.22M 0.74%
32 AMERICAN EXPRESS FRN AXP 2,080,000 $2.09M 0.69%
33 DEUTSCHE BANK NY 2,000,000 $2.02M 0.67%
34 AIR LEASE CORP 2,039,000 $2.02M 0.67%
35 JACKSON NATL LIFE GLOBAL SECURED 144A 09/28 VAR 2,000,000 $2.01M 0.67%
36 ANCHORAGE CREDIT FUNDING LTD. ANCHF 2025 19A A 144A 2,000,000 $2.01M 0.67%
37 ATHENE GLOBAL FUNDING SECURED 144A 01/27 VAR 2,000,000 $2.00M 0.67%
38 ROCKFORD TOWER CLO LTD ROCKT 2021 2A A1R 144A 2,000,000 $2.00M 0.67%
39 KKR FINANCIAL CLO LTD KKR 36A AR 144A 2,000,000 $2.00M 0.67%
40 Symphony CLO XXIV, Ltd., Series 2020-24A, Class A1R 2,000,000 $2.00M 0.67%
41 THE CAMPBELLS CO 2,000,000 $2.00M 0.67%
42 WELLFLEET CLO LTD WELF 2021 1A A1R 144A 2,000,000 $2.00M 0.67%
43 FORD MOTOR CRED 2,000,000 $2.00M 0.67%
44 WOODSIDE FIN LTD 3.7% 09/15/2026 144A WDSAU 2,000,000 $1.99M 0.66%
45 CENTERPOINT ENER 2,000,000 $1.99M 0.66%
46 LAD Auto Receivables Trust, Series 2024-3A, Class A3 1,975,000 $1.98M 0.66%
47 FREDDIE MAC REMICS SER 5584 CL DF V/R 4.97180000 1,942,469 $1.95M 0.65%
48 MTLRF 2025-1A A2 MTLRF 1,925,564 $1.94M 0.64%
49 FREDDIE MAC REMICS SER 5532 CL FA V/R 5.02180000 1,897,660 $1.91M 0.64%
50 Goldman Sachs Group, Inc. (The) 1,900,000 $1.90M 0.63%
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