Calvert US Large-Cap Core Responsible Index ETF

CVLC CUSIP: 61774R205 Morningstar Category: Large Blend
Market Price

as of 04/18/2024

$62.16

CHANGE

(-0.40%)

-$0.25

Nav

as of 04/18/2024

$62.17

CHANGE

(-0.27%)

-$0.17

Calvert US Large-Cap Core Responsible Index ETF

CVLC

CUSIP: 61774R205

MORNINGSTAR CATEGORY
Large Blend

Market Price

as of 04/18/2024

$62.16

Market Price Change

as of 04/18/2024

-$0.25 (-0.40%)

Nav

as of 04/18/2024

$62.17

Nav Change

as of 04/18/2024

-$0.17 (-0.27%)

 

Why CVLC

Why CVLC

Gain diversified exposure to large U.S. companies that Calvert believes are demonstrating effective management of key environmental, social and governance (ESG) risks and opportunities.

Tap into Calvert's deep ESG research which applies the Calvert Principles for Responsible Investment, along with a proprietary view of financial materiality.

Access a low-cost, transparent and tax-efficient Exchange Traded Fund (ETF) that seeks competitive performance and positive change.

Gain diversified exposure to large U.S. companies that Calvert believes are demonstrating effective management of key environmental, social and governance (ESG) risks and opportunities.

Tap into Calvert's deep ESG research which applies the Calvert Principles for Responsible Investment, along with a proprietary view of financial materiality.

Access a low-cost, transparent and tax-efficient Exchange Traded Fund (ETF) that seeks competitive performance and positive change.

Investment Objective

Seeks to track the performance of the Calvert US Large-Cap Core Responsible Index.1

 
 
Pricing
Market Price

as of 04/18/2024

$62.16

Change

(-0.40%)

-$0.25

NAV

as of 04/18/2024

$62.17

Change

(-0.27%)

-$0.17

Premium/Discount

as of 04/18/2024

-$0.01

Since Inception High
Market Price

as of 03/28/2024

$65.63

Since Inception Low
Market Price

as of 03/13/2023

$47.75

Since Inception High
NAV

as of 03/28/2024

$65.58

Since Inception Low
NAV

as of 03/13/2023

$47.86

30 Day Median
Bid/Ask Spread

as of 04/18/2024

0.06%

Pricing

Market Price

as of 04/18/2024

$62.16

Market Price change

as of 04/18/2024

-$0.25 (-0.40%)

NAV

as of 04/18/2024

$62.17

NAV Change

as of 04/18/2024

-$0.17 (-0.27%)

Premium/Discount

as of 04/18/2024

-$0.01

Since Inception High

as of 03/28/2024

Market Price

$65.63

Since Inception Low

as of 03/13/2023

Market Price

$47.75

Since Inception High

as of 03/28/2024

NAV

$65.58

Since Inception Low

as of 03/13/2023

NAV

$47.86

30-Day Median Bid/
Ask Spread

as of 04/18/2024

0.06%

Historical Price

As of 04/18/2024 (updated daily upon availability)

    

Past performance is not indicative of future results.

 
 
Historical Price
As of 04/18/2024
(updated daily upon availability)
From
To
  

Past performance is not indicative of future results.

 
 

Premium/Discount

As of 04/18/2024 (updated upon availability)

Premium/Discount
As of 04/18/2024
(updated upon availability)

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

Past performance is not indicative of future results.

Number of Days at Premium / Discount

Current Quarter Q1 ‘24 Q2 ‘24 Q3 ‘24 Q4 ‘24 Since Inception
Premium 10 33 - - - 162
NAV 0 5 - - - 41
Discount 4 22 - - - 101
 
 

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

No Chart Available

Past performance is not indicative of future results.

 
 

Number of Days at Premium/Discount

Current Quarter Q1 ‘24 Q2 ‘24 Q3 ‘24 Q4 ‘24 Since Inception
Premium 10 33 - - - 162
NAV 0 5 - - - 41
Discount 4 22 - - - 101
 

Expense Ratio2

Gross

0.15%

Net

0.15%

 
Performance & Distributions

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent performance figures, please select the "daily" timeframe or call 1-800-836-2414. Investment returns and principal value will fluctuate and Fund shares, when redeemed, may be worth more or less than their original cost. For additional important information, please click here.

Returns

As of 04/18/2024 (updated upon availability)

1 Month 3 Months YTD 1 YR 3 YR 5 YR 10 YR Since Inception
CVLC Market Price (%) -3.04 4.21 4.39 22.29 - - - 20.87
CVLC NAV (%) -2.97 4.23 4.39 22.36 - - - 20.89
Russell 1000 Index (%) 3 -2.66 4.99 5.05 22.44 - - - 21.37
Calvert US Large-Cap Core Responsible Index (%) 1 -2.97 4.27 4.44 22.59 - - - 21.12
1 Month 3 Months YTD 1 YR 3 YR 5 YR 10 YR Since Inception
CVLC Market Price (%) 3.13 10.22 10.22 29.83 - - - 27.67
CVLC NAV (%) 3.15 10.11 10.11 29.65 - - - 27.58
Russell 1000 Index (%) 3 3.21 10.30 10.30 29.87 - - - 27.61
Calvert US Large-Cap Core Responsible Index (%) 1 3.17 10.18 10.18 29.91 - - - 27.85

No Chart Available

2023 2022 2021 2020 2019 2018 2017
CVLC Market Price (%) - - - - - - -
CVLC NAV (%) - - - - - - -
Russell 1000 Index (%) 3 - - - - - - -
Calvert US Large-Cap Core Responsible Index (%) 1 - - - - - - -
Returns
As of
(updated daily upon availability)
  1 Mo 3 Mo YTD 1 YR 3 YR 5 YR 10 YR Since Inception
CVLC Market Price (%) -3.04 4.21 4.39 22.29 - - - 20.87
CVLC NAV (%) -2.97 4.23 4.39 22.36 - - - 20.89
Russell 1000 Index (%) 3 -2.66 4.99 5.05 22.44 - - - 21.37
Calvert US Large-Cap Core Responsible Index (%) 1 -2.97 4.27 4.44 22.59 - - - 21.12
  1 Mo 3 Mo YTD 1 YR 3 YR 5 YR 10 YR Since Inception
CVLC Market Price (%) 3.13 10.22 10.22 29.83 - - - 27.67
CVLC NAV (%) 3.15 10.11 10.11 29.65 - - - 27.58
Russell 1000 Index (%) 3 3.21 10.30 10.30 29.87 - - - 27.61
Calvert US Large-Cap Core Responsible Index (%) 1 3.17 10.18 10.18 29.91 - - - 27.85
  2023 2022 2021 2020 2019 2018 2017
CVLC Market Price (%) - - - - - - -
CVLC NAV (%) - - - - - - -
Russell 1000 Index (%) 3 - - - - - - -
Calvert US Large-Cap Core Responsible Index (%) 1 - - - - - - -

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

Growth of 10K

As of 03/31/2024 (updated monthly upon availability)

As of 03/31/2024 (updated monthly upon availability)

 

Past performance is not indicative of future results.

 
 
 

Past performance is not indicative of future results.

Distributions

As of 04/18/2024 (updated as distributions are paid)

Distributions
As of 04/18/2024
(updated as distributions are paid)
Record Date Ex Date Payable Date Net Investment Income
($ Per Share)
Short-Term
Capital Gains
($ Per Share)
Long-Term
Capital Gains
($ Per Share)
Total
Capital Gains
($ Per Share)
03/19/2024 03/18/2024 03/22/2024 $0.165373 $0.000000 $0.000000 $0.000000
12/19/2023 12/18/2023 12/22/2023 $0.222719 $0.000000 $0.000000 $0.000000
09/19/2023 09/18/2023 09/22/2023 $0.158409 $0.000000 $0.000000 $0.000000
06/21/2023 06/20/2023 06/26/2023 $0.130817 $0.000000 $0.000000 $0.000000
03/21/2023 03/20/2023 03/24/2023 $0.033921 $0.000000 $0.000000 $0.000000
Record Date Ex Date Payable Date Net Investment Income
($ Per Share)
Short-Term
Capital Gains
($ Per Share)
Long-Term
Capital Gains
($ Per Share)
Total
Capital Gains
($ Per Share)
03/19/2024 03/18/2024 03/22/2024 $0.165373 $0.000000 $0.000000 $0.000000
12/19/2023 12/18/2023 12/22/2023 $0.222719 $0.000000 $0.000000 $0.000000
09/19/2023 09/18/2023 09/22/2023 $0.158409 $0.000000 $0.000000 $0.000000
06/21/2023 06/20/2023 06/26/2023 $0.130817 $0.000000 $0.000000 $0.000000
03/21/2023 03/20/2023 03/24/2023 $0.033921 $0.000000 $0.000000 $0.000000

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent performance figures, please call 1-800-836-2414. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. For additional important information, please click here.

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent performance figures, please call 1-800-836-2414. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. For additional important information, please click here.

 
Key Facts & Characteristics

Key Facts

 

Asset Class
U.S. Equity
CUSIP
61774R205
Ticker
CVLC
IOPV Intraday Ticker
CVLC.IV
Inception Date
01/30/2023
Investment Style
Index
Exchange
NYSE Arca
Custodian
JP Morgan Chase Bank, N.A.
Benchmarks
Russell 1000 Index 3
Calvert US Large-Cap Core Responsible Index 1
Benchmarks
Russell 1000 Index 3
Calvert US Large-Cap Core Responsible Index 1
Distribution Frequency
Quarterly
Total Net Assets ($MM)

as of 04/18/2024

276.77
 
Characteristics4

Characteristics4

Updated Daily as of 04/18/2024

Shares Outstanding
4,452,000
Daily Volume
2,912
30-Day Avg Volume
15,196

Updated Monthly as of 03/31/2024

Weighted avg market capitalization ($B)
737.19
Price/earnings (LTM)
27.20
Price/book
4.82
30 Day SEC Yield (%)
1.04
30 Day SEC Yield (unsub) (%)
1.04
Distribution Yield (%)
1.01
 
Top 10 Holdings

As of 04/18/2024 (updated daily upon availability)

Top 10 Holdings
As of 04/18/2024 (updated daily upon availability)
Ticker Holdings Type Security Identifier % of Fund Shares/Par Market Value
MSFT MICROSOFT CORP COMMON CUSIP 594918104 6.77% 46,329 18,729,424.83
AAPL APPLE INC COMMON STOCK CUSIP 037833100 5.91% 97,845 16,344,028.80
NVDA NVIDIA CORP COMMON STOCK CUSIP 67066G104 4.71% 15,386 13,027,480.06
GOOGL ALPHABET INC COMMON STOCK CUSIP 02079K305 4.08% 72,384 11,292,627.84
AMZN AMAZON.COM INC COMMON CUSIP 023135106 3.85% 59,518 10,666,815.96
LLY ELI LILLY & CO COMMON CUSIP 532457108 1.57% 5,818 4,339,937.10
AVGO BROADCOM INC COMMON STOCK CUSIP 11135F101 1.44% 3,163 3,982,185.37
JPM JPMORGAN CHASE & CO CUSIP 46625H100 1.31% 19,943 3,614,668.75
UNH UNITEDHEALTH GROUP INC CUSIP 91324P102 1.17% 6,548 3,229,342.64
V VISA INC COMMON STOCK USD CUSIP 92826C839 1.10% 11,260 3,055,626.20
Composition

As of 03/31/2024 (updated monthly upon availability)

Composition

As of 03/31/2024 (updated monthly upon availability)

  Fund Index
Information Technology 31.85 28.27
Financials 14.35 13.79
Health Care 13.40 12.28
Consumer Discretionary 11.04 10.44
Industrials 10.53 9.68
Communication Services 7.15 8.67
Consumer Staples 6.19 5.70
Materials 2.50 2.56
Utilities 2.08 2.15
Energy 0.46 3.92
Real Estate 0.26 2.55
Cash 0.18 --
Meet the Team
 
Portfolio Managers
Thomas Seto
Managing Director
33 years industry experience
James Reber
Managing Director
20 years industry experience
Index Construction Team
Chris Madden
Managing Director
25 years industry experience
Zi Ye
Vice President
13 years industry experience
 
Resources
Product Literature
 
 
Regulatory Documents
SAI
 
 
 
 
 

Environmental, social, and governance (ESG) criteria are a set of factors used by investors to evaluate potential investments. Environmental criteria consider how a company safeguards the environment, including corporate policies addressing climate change, for example. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company's leadership, executive pay, and shareholder rights.

1 Calvert US Large-Cap Core Responsible Index is a portfolio of large capitalization U.S. stocks that meet Calvert’s criteria for index inclusion based on Calvert Principles for Responsible Investment. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.

2 Where the net expense ratio is lower than the gross expense ratio, certain fees have been waived and/or expenses reimbursed. These waivers and/or reimbursements will continue for at least one year from the date of the applicable fund's current prospectus (unless otherwise noted in the applicable prospectus) or until such time as the fund's Board of Directors acts to discontinue all or a portion of such waivers and/or reimbursements. Absent such waivers and/or reimbursements, returns would have been lower. Expenses are based on the fund's current prospectus.

3 Russell 1000® Index is an unmanaged index of 1,000 U.S. large-cap stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.

4 Characteristics Definitions:

Weighted Average Market Capitalization is an average of the market capitalization of stocks comprising a portfolio or index, adjusted by each stock’s weight in the portfolio or index.

Price-Earnings (P/E) is the price of a stock divided by its earnings per share for the past 12 months. Sometimes called the multiple, P/E gives investors an idea of how much they are paying for a company’s earning power. The higher the P/E, the more investors are paying, and therefore the more earnings growth they are expecting.

Price-To-Book Ratio (Price/Book) compares a stock’s market value to the book value per share of total assets less total liabilities. This number is used to judge whether a stock is undervalued or overvalued.

SEC yield is a measure of the income generated by the portfolio's underlying asset over the trailing 30 days, relative to the asset base of the portfolio itself. The SEC 30-day yield -Subsidized (Sub.) reflects current fee waivers in effect. Absent such fee waivers, the yield would have been lower. The SEC 30-Day yield- Unsubsidized (Unsub.) does not reflect the fee waivers currently in effect. 

Risk Considerations: Diversification does not eliminate risk of loss. There is no assurance that a portfolio will achieve its investment objective. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the portfolio will decline and that the value of portfolio shares may therefore be less than what you paid for them. Market values can change daily due to economic and other events (e.g. natural disasters, health crises, terrorism, conflicts and social unrest) that affect markets, countries, companies or governments. It is difficult to predict the timing, duration, and potential adverse effects (e.g. portfolio liquidity) of events. Accordingly, you can lose money investing in this portfolio. In general, equities securities' values fluctuate in response to activities specific to a company. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Portfolio may underperform portfolios that do not utilize a responsible investment strategy. An investment's ESG performance, or Calvert's assessment of such performance may change over time, which could cause the Portfolio to temporarily hold securities that do not comply with the Portfolio's responsible investment criteria. The value of the Portfolio may be particularly impacted by events that adversely affect the information technology sector, such as rapid changes in technology product cycles, product obsolescence, government regulation, and competition, and may fluctuate more than that of a portfolio that does not concentrate in companies in the technology sector. The Portfolio may engage in securities lending (lend its portfolio securities to broker-dealers and other institutional borrowers) to generate income. During the existence of a loan, the Portfolio will continue to receive the equivalent of the interest paid by the issuer, or all or a portion of the interest on investment of the collateral, if any. The Portfolio may pay lending fees to such borrowers. Upon return of the loaned securities, the Portfolio would be required to return the related collateral to the borrower and may be required to liquidate portfolio securities in order to do so. Please be aware that this portfolio may be subject to certain additional risks. 

Tracking error risk refers to the risk that the Portfolio's performance may not match or correlate to that of the Index it attempts to track, either on a daily or aggregate basis, and may cause the performance to be less than expected. Because a representative sampling indexing strategy is utilized, a larger tracking error can be expected than if it used a replication indexing strategy. Tracking error may also occur because of other factors, including but not limited to, transaction costs and the holding of cash. Index Related Risk. The return may not track the return of the Index and therefore may not achieve its investment objective. In addition, the Portfolio can be expected to be less correlated with the return of the index. The Portfolio is managed using a passive investment strategy and generally will not adjust its portfolio investments to attempt to take advantage of market opportunities or lessen the impact of a market decline or a decline in the performance of one or more issuers or for other reasons, which could negatively impact the portfolio than if the Portfolio employed an active strategy. Authorized Participant Concentration Risk. The Portfolio has a limited number of intermediaries that act as authorized participants and none of these authorized participants is or will be obligated to engage in creation or redemption transactions. As a result, shares may trade at a discount to net asset value (“NAV”) and possibly face trading halts and/or delisting. Concentration Risk. The Portfolio may face greater risks if the Portfolio concentrates its investments in an industry or group of industries than if it were diversified broadly. Trading Risk. The market prices of Shares are expected to fluctuate, in some cases materially, in response to changes in the Portfolio's NAV, the intra-day value of holdings, and supply and demand for Shares. The Adviser cannot predict whether Shares will trade above, below or at their NAV. Buying or selling Shares in the secondary market may require paying brokerage commissions or other charges imposed by brokers as determined by that broker. New Fund Risk. A new portfolio's performance may not represent how the portfolio is expected to or may perform in the long term. In addition, there is a limited operating history for investors to evaluate and the portfolio may not attract sufficient assets to achieve investment and trading efficiencies. 

The index is unmanaged and does not include any expenses, fees or sales charges. It is not possible to invest directly in an index. Any index referred to herein is the intellectual property (including registered trademarks) of the applicable licensor.

This material is a general communication, which is not impartial and all information provided has been prepared solely for informational and educational purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy. The information herein has not been based on a consideration of any individual investor circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. To that end, investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision. 

Calvert ETFs are distributed by Foreside Fund Services, LLC.

Before investing carefully consider the Fund's objective, risks, charges and expenses available in the Prospectus. Read carefully.