Products & Performance ETFs U.S. Equity Calvert US Select Equity ETF

Calvert US Select Equity ETF
CVSE CUSIP: 61774R502 Morningstar Category: Large Blend

Fact Card

Prospectus
Market Price

as of 03/28/2025

$64.07

CHANGE

(-1.96%)

-$1.28

Nav

as of 03/28/2025

$64.06

CHANGE

(-1.88%)

-$1.23

Calvert US Select Equity ETF

Explore Our ETFs

Fact Card

Prospectus

CVSE

CUSIP: 61774R502

MORNINGSTAR CATEGORY
Large Blend

Market Price

as of 03/28/2025

$64.07

Market Price Change

as of 03/28/2025

-$1.28 (-1.96%)

Nav

as of 03/28/2025

$64.06

Nav Change

as of 03/28/2025

-$1.23 (-1.88%)

Products & Performance ETFs U.S. Equity Calvert US Select Equity ETF
Calvert US Select Equity ETF
Explore Our ETFs
CVSE CUSIP: 61774R502
 
 

Why CVSE

Why CVSE

Gain exposure to an actively managed portfolio of U.S. large-cap companies that Calvert believes are leaders and most compelling improvers in management of financially material environmental, social and governance (ESG) factors.

Tap into Calvert's deep proprietary research process which seeks to identify the companies tackling the most pressing sustainability issues we face.

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

Gain exposure to an actively managed portfolio of U.S. large-cap companies that Calvert believes are leaders and most compelling improvers in management of financially material environmental, social and governance (ESG) factors.

Tap into Calvert's deep proprietary research process which seeks to identify the companies tackling the most pressing sustainability issues we face.

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

Investment Objective

Seeks to provide long-term capital appreciation.
 
 
Pricing
Market Price

as of 03/28/2025

$64.07

Change

(-1.96%)

-$1.28

NAV

as of 03/28/2025

$64.06

Change

(-1.88%)

-$1.23

Premium/Discount

as of 03/28/2025

$0.01

Since Inception High
Market Price

as of 12/04/2024

$71.77

Since Inception Low
Market Price

as of 03/13/2023

$47.41

Since Inception High
NAV

as of 12/04/2024

$71.77

Since Inception Low
NAV

as of 03/13/2023

$47.41

30 Day Median
Bid/Ask Spread

as of 03/28/2025

0.14%

Pricing

Market Price

as of 03/28/2025

$64.07

Market Price change

as of 03/28/2025

-$1.28 (-1.96%)

NAV

as of 03/28/2025

$64.06

NAV Change

as of 03/28/2025

-$1.23 (-1.88%)

Premium/Discount

as of 03/28/2025

$0.01

Since Inception High

as of 12/04/2024

Market Price

$71.77

Since Inception Low

as of 03/13/2023

Market Price

$47.41

Since Inception High

as of 12/04/2024

NAV

$71.77

Since Inception Low

as of 03/13/2023

NAV

$47.41

30-Day Median Bid/
Ask Spread

as of 03/28/2025

0.14%

Historical Price

As of 03/28/2025 (updated daily upon availability)

    

Past performance is not indicative of future results.

 
 
Historical Price
As of 03/28/2025
(updated daily upon availability)
From
To
  

Past performance is not indicative of future results.

 
 

Premium/Discount

As of 03/28/2025 (updated upon availability)

Premium/Discount
As of 03/28/2025
(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 ‘25 Q2 ‘25 Q3 ‘25 Q4 ‘25 Since Inception
Premium 36 - - - - 220
NAV 5 - - - - 80
Discount 18 - - - - 239
 
 

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 ‘25 Q2 ‘25 Q3 ‘25 Q4 ‘25 Since Inception
Premium 36 - - - - 220
NAV 5 - - - - 80
Discount 18 - - - - 239
 

Expense Ratio1

Gross

0.29%

Net

0.29%

 
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.

For Monthly Performance data, please click here and select Monthly timeframe in Performance tab.

Returns

As of 03/27/2025 (updated upon availability)

1 Month 3 Months YTD 1 YR 3 YR 5 YR 10 YR Since Inception
CVSE Market Price (%) -3.45 -4.50 -3.26 4.12 - - - 14.63
CVSE NAV (%) -3.48 -4.59 -3.44 3.97 - - - 14.57
Russell 1000 Index (%) 2 -2.85 -4.46 -3.04 9.59 - - - 18.98
1 Month 3 Months YTD 1 YR 3 YR 5 YR 10 YR Since Inception
CVSE Market Price (%) -4.68 -0.63 19.09 19.09 - - - 18.62
CVSE NAV (%) -4.54 -0.57 19.16 19.16 - - - 18.67
Russell 1000 Index (%) 2 -2.79 2.75 24.51 24.51 - - - 23.55
2024 2023 2022 2021 2020 2019 2018
CVSE Market Price (%) 19.09 - - - - - -
CVSE NAV (%) 19.16 - - - - - -
Russell 1000 Index (%) 2 24.51 - - - - - -
Returns
As of org.apache.sling.scripting.sightly.apps.imweb.components.pageComponents.etfDetail.dateFormatting__002e__html$1@42d9356e
(updated daily upon availability)
  1 Mo 3 Mo YTD 1 YR 3 YR 5 YR 10 YR Since Inception
CVSE Market Price (%) -3.45 -4.50 -3.26 4.12 - - - 14.63
CVSE NAV (%) -3.48 -4.59 -3.44 3.97 - - - 14.57
Russell 1000 Index (%) 2 -2.85 -4.46 -3.04 9.59 - - - 18.98
  1 Mo 3 Mo YTD 1 YR 3 YR 5 YR 10 YR Since Inception
CVSE Market Price (%) -4.68 -0.63 19.09 19.09 - - - 18.62
CVSE NAV (%) -4.54 -0.57 19.16 19.16 - - - 18.67
Russell 1000 Index (%) 2 -2.79 2.75 24.51 24.51 - - - 23.55
  2024 2023 2022 2021 2020 2019 2018
CVSE Market Price (%) 19.09 - - - - - -
CVSE NAV (%) 19.16 - - - - - -
Russell 1000 Index (%) 2 24.51 - - - - - -

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 02/28/2025 (updated monthly upon availability)

As of 02/28/2025 (updated monthly upon availability)

 

Results are not indicative of future performance.

 
 
 

Results are not indicative of future performance.

Distributions

As of 03/28/2025 (updated as distributions are paid)

Distributions
As of 03/28/2025
(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)
03/24/2025 03/24/2025 03/28/2025 $0.163721 $0.000000 $0.000000 $0.000000
12/23/2024 12/23/2024 12/27/2024 $0.211653 $0.000000 $0.000000 $0.000000
09/23/2024 09/23/2024 09/27/2024 $0.156385 $0.000000 $0.000000 $0.000000
06/24/2024 06/24/2024 06/28/2024 $0.203332 $0.000000 $0.000000 $0.000000
03/19/2024 03/18/2024 03/22/2024 $0.138172 $0.000000 $0.000000 $0.000000
12/19/2023 12/18/2023 12/22/2023 $0.241044 $0.000000 $0.000000 $0.000000
09/19/2023 09/18/2023 09/22/2023 $0.175759 $0.000000 $0.000000 $0.000000
06/21/2023 06/20/2023 06/26/2023 $0.178639 $0.000000 $0.000000 $0.000000
03/21/2023 03/20/2023 03/24/2023 $0.103664 $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)
03/24/2025 03/24/2025 03/28/2025 $0.163721 $0.000000 $0.000000 $0.000000
12/23/2024 12/23/2024 12/27/2024 $0.211653 $0.000000 $0.000000 $0.000000
09/23/2024 09/23/2024 09/27/2024 $0.156385 $0.000000 $0.000000 $0.000000
06/24/2024 06/24/2024 06/28/2024 $0.203332 $0.000000 $0.000000 $0.000000
03/19/2024 03/18/2024 03/22/2024 $0.138172 $0.000000 $0.000000 $0.000000
12/19/2023 12/18/2023 12/22/2023 $0.241044 $0.000000 $0.000000 $0.000000
09/19/2023 09/18/2023 09/22/2023 $0.175759 $0.000000 $0.000000 $0.000000
06/21/2023 06/20/2023 06/26/2023 $0.178639 $0.000000 $0.000000 $0.000000
03/21/2023 03/20/2023 03/24/2023 $0.103664 $0.000000 $0.000000 $0.000000

For the Fund's most recent 19(a) notice, visit the Tax Center

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.

For Monthly Performance data, please click here and select Monthly timeframe in Performance tab.

For the Fund's most recent 19(a) notice, visit the Tax Center

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.

For Monthly Performance data, please click here and select Monthly timeframe in Performance tab.
 
Key Facts & Characteristics

Key Facts

 

Asset Class
US Equity
CUSIP
61774R502
Ticker
CVSE
IOPV Intraday Ticker
CVSE.IV
Inception Date
01/30/2023
Investment Style
Active
Exchange
NYSE Arca
Custodian
JP Morgan Chase Bank, N.A.
Benchmarks
Russell 1000 Index 2
Benchmarks
Russell 1000 Index 2
Distribution Frequency
Quarterly
Total Net Assets ($MM)

as of 03/28/2025

25.62
 
Characteristics3

Characteristics3

Updated Daily as of 03/28/2025

Shares Outstanding
400,000
Daily Volume
501
30-Day Avg Volume
963

Updated Monthly as of 02/28/2025

Weighted avg market capitalization ($B)
818.92
Price/earnings (LTM)
26.16
Price/book
4.85
30 Day SEC Yield (%)
1.04
30 Day SEC Yield (unsub) (%)
1.04
Distribution Rate (%)
1.23
 
Top 10 Holdings

As of 03/28/2025 (updated daily upon availability)

Top 10 Holdings
As of 03/28/2025 (updated daily upon availability)
Ticker Holdings Type Security Identifier % of Fund Shares/Par Market Value
MSFT MICROSOFT CORP COMMON CUSIP 594918104 7.43% 5,025 1,903,470.00
AAPL APPLE INC COMMON STOCK CUSIP 037833100 7.09% 8,336 1,816,414.40
NVDA NVIDIA CORP COMMON STOCK CUSIP 67066G104 6.51% 15,202 1,667,203.34
LLY ELI LILLY & CO COMMON CUSIP 532457108 3.00% 935 769,046.85
SPGI S&P GLOBAL INC COMMON CUSIP 78409V104 2.16% 1,103 554,268.53
NFLX NETFLIX INC COMMON STOCK CUSIP 64110L106 1.89% 519 484,668.15
V VISA INC COMMON STOCK USD CUSIP 92826C839 1.74% 1,304 447,076.40
MA MASTERCARD INC COMMON CUSIP 57636Q104 1.74% 823 444,922.03
MRK MERCK & CO INC COMMON CUSIP 58933Y105 1.72% 4,927 439,636.21
ACN ACCENTURE PLC COMMON CUSIP G1151C101 1.66% 1,399 425,757.67
Composition

As of 02/28/2025 (updated monthly upon availability)

Composition

As of 02/28/2025 (updated monthly upon availability)

  Fund Index
Information Technology 33.41 29.05
Financials 17.83 14.86
Industrials 12.70 9.10
Health Care 11.51 10.68
Consumer Discretionary 7.72 10.79
Communication Services 4.97 9.32
Materials 3.46 2.31
Consumer Staples 2.97 5.69
Utilities 2.00 2.30
Real Estate 1.29 2.50
Energy -- 3.41
Other 2.03 --
Cash 0.12 --
Meet the Team
 
Portfolio Managers
James Reber
James Reber
Managing Director
21 years industry experience
Chris Madden
Christopher Madden
Managing Director
26 years industry experience
Ibrahim Kara
Ibrahim Kara
Executive Director, Portfolio Manager
21 years industry experience
Yijia Chen
Yijia Chen
Vice President
11 years industry experience
Michael Donat
Michael K. Donat
Vice President, ESG Quantitative Research
16 years industry experience
 
Set a High Bar for Your ESG ETFs
Low-cost, tax efficient and transparent Calvert ETFs give you six new ways to leverage the firm's 40 years of responsible investing experience and expertise.

Explore Our ETFs
 

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 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.

See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.

2 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.

3 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.

Distribution Rate is the annual yield an investor would receive if the most recent fund distribution remained the same going forward. The distribution yield is calculated by dividing the normalized current distribution (annualized) by the fund NAV per share.

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. Please be aware that this portfolio may be subject to certain additional risks.  Investing primarily In general, equities securities' values also 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. Restricted and illiquid securities may be more difficult to sell and value than publicly traded securities (liquidity risk).  Derivative instruments may disproportionately increase losses and have a significant impact on performance. They also may be subject to counterparty, liquidity, valuation, correlation and market risks. Active Management Risk. In pursuing the Fund's investment objective, the Adviser has considerable leeway in deciding which investments to buy, hold or sell on a day-to-day basis, and which trading strategies to use. The success or failure of such decisions will affect the Fund's performance.

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. 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.