Morgan Stanley Investment Management announced the upcoming liquidation of the Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF, ticker CDEI, a series of Morgan Stanley ETF Trust, after the Trust's Board approved a Plan of Liquidation. Under the plan, the fund's assets will be liquidated, known or reasonably ascertainable liabilities satisfied or provided for, remaining proceeds distributed to shareholders, and all issued and outstanding shares redeemed, with the liquidation expected on or about November 2, 2026. Effective at the close of business on October 23, 2026, the fund will stop accepting orders for the purchase of Creation Units, and that date is expected to be its last full day of trading on NYSE Arca, where trading is expected to halt at market close. Shareholders may sell their shares on NYSE Arca until market close on October 23, 2026, or remain invested, but between that close and the liquidation date the shares will not trade on NYSE Arca and there is no assurance a market will exist for their purchase or sale. Before the liquidation date the fund will transition its assets to cash and cash equivalents, and during that period it may no longer pursue its investment objective or be managed consistent with its stated strategies, which is likely to impact performance. Shareholders still holding shares on the liquidation date will receive a liquidating distribution that may be greater or less than what they might receive by selling on NYSE Arca before market close on October 23, 2026, and may bear increased brokerage and other transaction expenses; sales or liquidations will generally be taxable events outside tax-deferred accounts.
Morgan StanleyMorgan Stanley IM is liquidating its Calvert CDEI ETF, a fund-closure event for the asset manager.
Morgan Stanley ETF Trust's CDEI fund is being liquidated and its shares redeemed under an approved Plan of Liquidation.
