Summary Prospectus and
Prospectus Supplement
June 6, 2024
Morgan Stanley ETF Trust
Supplement dated June 6, 2024 to the Morgan Stanley ETF Trust Summary Prospectus and Prospectus dated January 28, 2024, as amended
Parametric Equity Premium Income ETF (the "Fund")
Thomas C. Seto will be retiring from Parametric Portfolio Associates LLC, the Fund's sub-adviser, and will no longer serve as a portfolio manager of the Fund after December 31, 2024. In addition, effective July 1, 2024 (the "Effective Date"), Jennifer Mihara will begin serving as a portfolio manager of the Fund. James Reber, Alex Zweber, Michael Zaslavsky and Larry Berman will continue to serve as portfolio managers of the Fund.
Accordingly, on the Effective Date, the Summary Prospectus and Prospectus will be amended as follows:
The section of Summary Prospectus titled "Fund Management—Portfolio Managers" and Prospectus titled "Fund Summary—Fund Management—Portfolio Managers" are hereby deleted in their entirety and replaced with the following:
Portfolio Managers. Information about the individuals jointly and primarily responsible for the day-to-day management of the Fund is shown below:
|
Name |
Title with Adviser or Sub-Adviser |
Date Began Managing Fund |
|||||||||
|
Thomas C. Seto1 |
Head of Investment Management of the Sub-Adviser |
Since Inception |
|||||||||
|
James Reber |
Managing Director of the Sub-Adviser |
Since Inception |
|||||||||
|
Alex Zweber, CFA, CAIA |
Managing Director of the Sub-Adviser |
Since Inception |
|||||||||
|
Michael Zaslavsky, CFA, CAIA |
Senior Investment Strategist of the Sub-Adviser |
Since Inception |
|||||||||
|
Larry Berman |
Managing Director of the Sub-Adviser |
Since Inception |
|||||||||
|
Jennifer Mihara |
Managing Director of the Sub-Adviser |
July 2024 |
|||||||||
1 Thomas C. Seto will be retiring and will no longer serve as a portfolio manager of the Fund after December 31, 2024.
In addition, the section of the Prospectus titled "Fund Management—Portfolio Management" is hereby deleted in its entirety and replaced with the following:
The Fund is managed by a team of portfolio managers who are jointly and primarily responsible for the day-to-day management of the Fund.
The portfolio managers who are primarily responsible for the day-to-day management of the Fund are Thomas C. Seto; James Reber; Alex Zweber, CFA, CAIA; Michael Zaslavsky, CFA, CAIA; Larry Berman; and Jennifer Mihara. Mr. Seto, Head of Investment Management, has been with the Sub-Adviser since 1998 and was previously Director of Portfolio Management. Mr. Seto also manages Eaton Vance funds. Mr. Seto will be retiring and will no longer serve as a portfolio manager of the Fund after December 31, 2024. Mr. Reber, Managing Director, Portfolio Management, has been with the Sub-Adviser since 2004. Mr. Zweber, Managing Director of Investment Strategy, joined The Clifton Group in 2006, which was acquired by the Sub-Adviser in 2012. Mr. Zaslavsky, Senior Investment Strategist, joined the Sub-Adviser in 2015. Mr. Berman, Managing Director, Investment Management, joined the Sub-Adviser in 2006. Ms. Mihara, Managing Director, Centralized Portfolio Management, joined the Sub-Adviser in 2005.
The Fund's SAI provides additional information about the portfolio managers' compensation structure, other accounts managed by the portfolio managers and the portfolio managers' ownership of securities in the Fund.
Please retain this supplement for future reference.
MSPARAEPETFSUMPROPSPT 6/24