{"success":true,"data":{"pressRelease":{"id":"157249","rtpr_id":"nBw3c29vza-20260930","ticker":"MS","exchange":"NYSE","all_tickers":["MS"],"title":"Morgan Stanley Investment Management Announces Liquidation of Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)","author":"Business Wire","published_at":"2026-09-30T20:05:00.600Z","article_body":"Morgan Stanley Investment Management Announces Liquidation of Calvert US\nLarge-Cap Diversity, Equity and Inclusion Index ETF (CDEI)\n\nMorgan Stanley Investment Management today announced the upcoming liquidation\nof Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) (the\nFund), a series of Morgan Stanley ETF Trust (the Trust). The Board of the\nTrust approved a Plan of Liquidation with respect to the Fund. Pursuant to the\nPlan of Liquidation, the assets of the Fund will be liquidated, known or\nreasonably ascertainable liabilities of the Fund will be satisfied or provided\nfor, the remaining proceeds will be distributed to the Fund’s shareholders\nand all of the issued and outstanding shares of the Fund will be redeemed (the\nLiquidation). The Liquidation is expected to occur on or about November 2,\n2026 (the Liquidation Date).\n\nEffective upon the close of business on October 23, 2026, the Fund will no\nlonger accept orders for the purchase of Creation Units. This is also expected\nto be the Fund’s last full day of trading on NYSE Arca, Inc. (NYSE Arca).\nShareholders may sell their shares of the Fund on NYSE Arca (and may incur\ntypical transaction fees from their broker dealer) until market close on\nOctober 23, 2026 (at which point NYSE Arca is expected to halt trading in\nshares of the Fund), or alternatively, remain invested in the Fund. In\naddition, during the time between market close on October 23, 2026 and the\nLiquidation Date, because the Fund’s shares will not be traded on NYSE Arca,\nshareholders will be unable to sell their shares on NYSE Arca and there can be\nno assurance that there will be a market for the purchase or sale of the\nFund’s shares.\n\nPrior to the Liquidation Date, the Fund will transition the Fund’s assets to\ncash and cash equivalents in preparation for the orderly liquidation and\nsubsequent distribution of proceeds to remaining shareholders as of the close\nof business on the Liquidation Date. During this transition period, the Fund\nmay no longer be pursuing its investment objective or be managed consistent\nwith its stated investment strategies. This is likely to impact the Fund’s\nperformance.\n\nIn addition, prior to the Liquidation Date, authorized participants may\ncontinue to submit orders to the Fund for the redemption of Creation Units in\nthe manner described in the Fund’s prospectus. Shareholders that continue to\nhold shares of the Fund on the Liquidation Date will receive a liquidating\ndistribution that may be in an amount that is greater or less than the amount\na shareholder might receive if they dispose of their shares on NYSE Arca prior\nto market close on October 23, 2026. Additionally, shareholders who remain\ninvested in the Fund may bear increased brokerage and other transaction\nexpenses relating to the sale of portfolio investments prior to the\nLiquidation Date.\n\nUnless shares of the Fund are held in a tax-deferred account, the sale or\nliquidation of shares held by a shareholder will generally be considered a\ntaxable event. A shareholder should consult their personal tax adviser\nconcerning their particular tax situation. A shareholder who owns Fund shares\nin a tax-deferred account, such as an individual retirement account, 401(k) or\n403(b) account, should consult a tax adviser regarding the tax consequences\napplicable to the sale of Fund shares or the reinvestment of the proceeds of\nthe liquidating distribution.\n\nAbout Morgan Stanley Investment Management\n\nMorgan Stanley Investment Management, together with its investment advisory\naffiliates, has more than 1,300 investment professionals around the world and\n$2 trillion in assets under management or supervision as of June 30, 2026.\nMorgan Stanley Investment Management strives to provide outstanding long-term\ninvestment performance, service, and a comprehensive suite of investment\nmanagement solutions to a diverse client base, which includes governments,\ninstitutions, corporations and individuals worldwide. For further information\nabout Morgan Stanley Investment Management, please visit\nwww.morganstanley.com/im\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.morganstanley.com%2Fim&esheet=54613833&newsitemid=20260930608228&lan=en-US&anchor=www.morganstanley.com%2Fim&index=1&md5=671203b2a6bb7bff5f73a3380f48dcee)\n.\n\nAbout Morgan Stanley\n\nMorgan Stanley (NYSE: MS) is a leading global financial services firm\nproviding a wide range of investment banking, securities, wealth management\nand investment management services. With offices in 42 countries, the Firm's\nemployees serve clients worldwide including corporations, governments,\ninstitutions and individuals. For more information about Morgan Stanley,\nplease visit www.morganstanley.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.morganstanley.com%2F&esheet=54613833&newsitemid=20260930608228&lan=en-US&anchor=www.morganstanley.com&index=2&md5=bcb31c5544e09ecf2c4f36e7ee74ea2a)\n.\n\nThe Fund is distributed by Foreside Fund Services, LLC.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy nor shall there be any sale of the securities in any state\nin which such offer, solicitation or sale would be unlawful under the\nsecurities laws of any such state.\n\nInvesting involves risk and it is possible to lose money on any investment in\nthe Fund.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260930608228/en/\n(https://www.businesswire.com/news/home/20260930608228/en/)\n\nMedia Relations Contact: \n\nColleen McElhinney\n\n617.672.8995\n\nColleen.McElhinney@morganstanley.com\n(mailto:Colleen.McElhinney@morganstanley.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw3c29vza-20260930","title":"Morgan Stanley Investment Management Announces Liquidation of Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)","author":"Business Wire","ticker":"MS","created":"2026-09-30T20:05:00.600Z","tickers":["MS"],"exchange":"NYSE","article_body":"Morgan Stanley Investment Management Announces Liquidation of Calvert US\nLarge-Cap Diversity, Equity and Inclusion Index ETF (CDEI)\n\nMorgan Stanley Investment Management today announced the upcoming liquidation\nof Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) (the\nFund), a series of Morgan Stanley ETF Trust (the Trust). The Board of the\nTrust approved a Plan of Liquidation with respect to the Fund. Pursuant to the\nPlan of Liquidation, the assets of the Fund will be liquidated, known or\nreasonably ascertainable liabilities of the Fund will be satisfied or provided\nfor, the remaining proceeds will be distributed to the Fund’s shareholders\nand all of the issued and outstanding shares of the Fund will be redeemed (the\nLiquidation). The Liquidation is expected to occur on or about November 2,\n2026 (the Liquidation Date).\n\nEffective upon the close of business on October 23, 2026, the Fund will no\nlonger accept orders for the purchase of Creation Units. This is also expected\nto be the Fund’s last full day of trading on NYSE Arca, Inc. (NYSE Arca).\nShareholders may sell their shares of the Fund on NYSE Arca (and may incur\ntypical transaction fees from their broker dealer) until market close on\nOctober 23, 2026 (at which point NYSE Arca is expected to halt trading in\nshares of the Fund), or alternatively, remain invested in the Fund. In\naddition, during the time between market close on October 23, 2026 and the\nLiquidation Date, because the Fund’s shares will not be traded on NYSE Arca,\nshareholders will be unable to sell their shares on NYSE Arca and there can be\nno assurance that there will be a market for the purchase or sale of the\nFund’s shares.\n\nPrior to the Liquidation Date, the Fund will transition the Fund’s assets to\ncash and cash equivalents in preparation for the orderly liquidation and\nsubsequent distribution of proceeds to remaining shareholders as of the close\nof business on the Liquidation Date. During this transition period, the Fund\nmay no longer be pursuing its investment objective or be managed consistent\nwith its stated investment strategies. This is likely to impact the Fund’s\nperformance.\n\nIn addition, prior to the Liquidation Date, authorized participants may\ncontinue to submit orders to the Fund for the redemption of Creation Units in\nthe manner described in the Fund’s prospectus. Shareholders that continue to\nhold shares of the Fund on the Liquidation Date will receive a liquidating\ndistribution that may be in an amount that is greater or less than the amount\na shareholder might receive if they dispose of their shares on NYSE Arca prior\nto market close on October 23, 2026. Additionally, shareholders who remain\ninvested in the Fund may bear increased brokerage and other transaction\nexpenses relating to the sale of portfolio investments prior to the\nLiquidation Date.\n\nUnless shares of the Fund are held in a tax-deferred account, the sale or\nliquidation of shares held by a shareholder will generally be considered a\ntaxable event. A shareholder should consult their personal tax adviser\nconcerning their particular tax situation. A shareholder who owns Fund shares\nin a tax-deferred account, such as an individual retirement account, 401(k) or\n403(b) account, should consult a tax adviser regarding the tax consequences\napplicable to the sale of Fund shares or the reinvestment of the proceeds of\nthe liquidating distribution.\n\nAbout Morgan Stanley Investment Management\n\nMorgan Stanley Investment Management, together with its investment advisory\naffiliates, has more than 1,300 investment professionals around the world and\n$2 trillion in assets under management or supervision as of June 30, 2026.\nMorgan Stanley Investment Management strives to provide outstanding long-term\ninvestment performance, service, and a comprehensive suite of investment\nmanagement solutions to a diverse client base, which includes governments,\ninstitutions, corporations and individuals worldwide. For further information\nabout Morgan Stanley Investment Management, please visit\nwww.morganstanley.com/im\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.morganstanley.com%2Fim&esheet=54613833&newsitemid=20260930608228&lan=en-US&anchor=www.morganstanley.com%2Fim&index=1&md5=671203b2a6bb7bff5f73a3380f48dcee)\n.\n\nAbout Morgan Stanley\n\nMorgan Stanley (NYSE: MS) is a leading global financial services firm\nproviding a wide range of investment banking, securities, wealth management\nand investment management services. With offices in 42 countries, the Firm's\nemployees serve clients worldwide including corporations, governments,\ninstitutions and individuals. For more information about Morgan Stanley,\nplease visit www.morganstanley.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.morganstanley.com%2F&esheet=54613833&newsitemid=20260930608228&lan=en-US&anchor=www.morganstanley.com&index=2&md5=bcb31c5544e09ecf2c4f36e7ee74ea2a)\n.\n\nThe Fund is distributed by Foreside Fund Services, LLC.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy nor shall there be any sale of the securities in any state\nin which such offer, solicitation or sale would be unlawful under the\nsecurities laws of any such state.\n\nInvesting involves risk and it is possible to lose money on any investment in\nthe Fund.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260930608228/en/\n(https://www.businesswire.com/news/home/20260930608228/en/)\n\nMedia Relations Contact: \n\nColleen McElhinney\n\n617.672.8995\n\nColleen.McElhinney@morganstanley.com\n(mailto:Colleen.McElhinney@morganstanley.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-30T20:05:00.755404005Z","server_sent_at_ms":1790798700755},"received_at":"2026-09-30T20:05:00.806Z","source_url":"https://www.businesswire.com/news/home/20260930608228/en/"},"analysis":{"id":"145924","press_release_id":"157249","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["liquidation distribution may be taxable event for non-deferred accounts","shares untradeable on exchange between Oct 23 close and Nov 2 liquidation date"],"eventType":"other","narrative":"Morgan Stanley Investment Management announced the liquidation of the Calvert US Large-Cap DEI Index ETF (CDEI), approved by the Trust's Board.\n\nCreation order purchases end and the fund's last full NYSE Arca trading day is October 23, 2026, with liquidation and shareholder distributions on or about November 2, 2026.\n\nShareholders holding through the liquidation date receive a taxable liquidating distribution that may differ from the pre-halt market price. The wind-down of one small ESG ETF is routine product pruning with no material impact on Morgan Stanley.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine ETF product rationalization -- suppress for MS ticker feeds."},"keyFigures":{"customDimensions":{"aum_msim":"$2 trillion","last_trading_day":"October 23, 2026","liquidation_date":"on or about November 2, 2026"}},"namedEntities":{"people":[{"name":"Colleen McElhinney","role":"Media Relations Contact"}],"products":["Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)"],"companies":[{"name":"Morgan Stanley","ticker":"MS","relationship":"filer / parent firm"},{"name":"Morgan Stanley Investment Management","relationship":"issuer of the press release"},{"name":"Morgan Stanley ETF Trust","relationship":"trust series"},{"name":"NYSE Arca, Inc.","ticker":"NYSE Arca","relationship":"exchange"},{"name":"Foreside Fund Services, LLC","relationship":"distributor"}],"dollarAmounts":[{"amount":"$2 trillion","context":"Morgan Stanley Investment Management assets under management or supervision as of June 30, 2026"}]},"materialImpact":{"score":1,"reasoning":"Liquidation of a single small ESG ETF (CDEI) within Morgan Stanley's $2T asset management arm is routine product rationalization; immaterial to MS financials."},"tickerRelevance":{"others":[{"ticker":"CDEI","relevance":"fund being liquidated (subject of release)"}],"primary":"MS"},"globalImportance":8,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mega-cap parent, immaterial event","eventGravity":"single-ETF liquidation","householdBrandBoost":false}},"event_type":"other","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Morgan Stanley Investment Management announced the liquidation of the Calvert US Large-Cap DEI Index ETF (CDEI), approved by the Trust's Board.\n\nCreation order purchases end and the fund's last full NYSE Arca trading day is October 23, 2026, with liquidation and shareholder distributions on or about November 2, 2026.\n\nShareholders holding through the liquidation date receive a taxable liquidating distribution that may differ from the pre-halt market price. The wind-down of one small ESG ETF is routine product pruning with no material impact on Morgan Stanley.","key_figures":{"customDimensions":{"aum_msim":"$2 trillion","last_trading_day":"October 23, 2026","liquidation_date":"on or about November 2, 2026"}},"named_entities":{"people":[{"name":"Colleen McElhinney","role":"Media Relations Contact"}],"products":["Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)"],"companies":[{"name":"Morgan Stanley","ticker":"MS","relationship":"filer / parent firm"},{"name":"Morgan Stanley Investment Management","relationship":"issuer of the press release"},{"name":"Morgan Stanley ETF Trust","relationship":"trust series"},{"name":"NYSE Arca, Inc.","ticker":"NYSE Arca","relationship":"exchange"},{"name":"Foreside Fund Services, LLC","relationship":"distributor"}],"dollarAmounts":[{"amount":"$2 trillion","context":"Morgan Stanley Investment Management assets under management or supervision as of June 30, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T20:05:11.564Z","global_importance":8,"audience_relevance":10,"importance_components":{"tickerTier":"mega-cap parent, immaterial event","eventGravity":"single-ETF liquidation","householdBrandBoost":false}},"durationMs":4987,"modelName":"glm-5.3-flashx"}}