Calvert International Responsible Index ETF

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CVIE CUSIP: 61774R106

Morningstar Category: Foreign Large Blend

Fact Card

Prospectus

Market Price

as of 12/20/2024

$55.54

CHANGE

(-0.02%)

-$0.01

Nav

as of 12/20/2024

$55.35

CHANGE

(-0.28%)

-$0.16

Calvert International Responsible Index ETF

Explore Our ETFs

Fact Card

Prospectus

CVIE	CUSIP: 61774R106
MORNINGSTAR CATEGORY Foreign Large Blend
Market Price	as of 12/20/2024
$55.54
Market Price Change	as of 12/20/2024
-$0.01 (-0.02%)
Nav	as of 12/20/2024
$55.35
Nav Change	as of 12/20/2024
-$0.16 (-0.28%)

Calvert International Responsible Index ETF

Explore Our ETFs

CVIE CUSIP: 61774R106

Overview
Pricing & Expenses
Performance & Distributions
Key Facts & Characteristics
Holdings
Meet the Team
Resources

Overview

Why CVIE

Gain diversified exposure to international 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 international 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 International Responsible Index.¹

Learn more about the index Learn more about the index

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 12/20/2024 (updated upon availability)

Daily
Quarterly

	1 Month	3 Months	YTD	1 YR	3 YR	5 YR	10 YR	Since Inception
CVIE Market Price (%)	-1.23	-6.01	5.07	7.90	-	-	-	7.90
CVIE NAV (%)	-1.27	-5.84	4.76	6.66	-	-	-	7.71
MSCI World ex-USA Index (%) ³	-1.51	-6.56	3.55	5.21	-	-	-	6.50
Calvert International Responsible Index (%) ¹	-1.37	-6.08	4.42	6.34	-	-	-	7.63

	1 Month	3 Months	YTD	1 YR	3 YR	5 YR	10 YR	Since Inception
CVIE Market Price (%)	0.82	6.71	13.34	26.75	-	-	-	14.07
CVIE NAV (%)	1.06	6.81	13.35	26.56	-	-	-	14.06
MSCI World ex-USA Index (%) ³	1.11	7.76	13.10	24.98	-	-	-	13.25
Calvert International Responsible Index (%) ¹	1.10	6.91	13.29	26.68	-	-	-	14.15

No Chart Available

	2023	2022	2021	2020	2019	2018	2017
CVIE Market Price (%)	-	-	-	-	-	-	-
CVIE NAV (%)	-	-	-	-	-	-	-
MSCI World ex-USA Index (%) ³	-	-	-	-	-	-	-
Calvert International Responsible Index (%) ¹	-	-	-	-	-	-	-

Returns

As of

(updated daily upon availability)

Daily 12/20/2024
Quarterly 09/30/2024

	1 Mo	3 Mo	YTD	1 YR	3 YR	5 YR	10 YR	Since Inception
CVIE Market Price (%)	-1.23	-6.01	5.07	7.90	-	-	-	7.90
CVIE NAV (%)	-1.27	-5.84	4.76	6.66	-	-	-	7.71
MSCI World ex-USA Index (%) ³	-1.51	-6.56	3.55	5.21	-	-	-	6.50
Calvert International Responsible Index (%) ¹	-1.37	-6.08	4.42	6.34	-	-	-	7.63

	1 Mo	3 Mo	YTD	1 YR	3 YR	5 YR	10 YR	Since Inception
CVIE Market Price (%)	0.82	6.71	13.34	26.75	-	-	-	14.07
CVIE NAV (%)	1.06	6.81	13.35	26.56	-	-	-	14.06
MSCI World ex-USA Index (%) ³	1.11	7.76	13.10	24.98	-	-	-	13.25
Calvert International Responsible Index (%) ¹	1.10	6.91	13.29	26.68	-	-	-	14.15

	2023	2022	2021	2020	2019	2018	2017
CVIE Market Price (%)	-	-	-	-	-	-	-
CVIE NAV (%)	-	-	-	-	-	-	-
MSCI World ex-USA Index (%) ³	-	-	-	-	-	-	-
Calvert International 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 11/30/2024 (updated monthly upon availability)

Past performance is not indicative of future results.

Distributions

As of 12/20/2024 (updated as distributions are paid)

Tax Center

Distributions

As of 12/20/2024
(updated as distributions are paid)

Tax Center

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)
09/23/2024	09/23/2024	09/27/2024	$0.218258	$0.000000	$0.000000	$0.000000
06/24/2024	06/24/2024	06/28/2024	$0.665478	$0.000000	$0.000000	$0.000000
03/19/2024	03/18/2024	03/22/2024	$0.127498	$0.000000	$0.000000	$0.000000
12/19/2023	12/18/2023	12/22/2023	$0.264424	$0.000000	$0.000000	$0.000000
09/19/2023	09/18/2023	09/22/2023	$0.214756	$0.000000	$0.000000	$0.000000
06/21/2023	06/20/2023	06/26/2023	$0.473976	$0.000000	$0.000000	$0.000000
03/21/2023	03/20/2023	03/24/2023	$0.101308	$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)

09/23/2024	09/23/2024	09/27/2024	$0.218258	$0.000000	$0.000000	$0.000000
06/24/2024	06/24/2024	06/28/2024	$0.665478	$0.000000	$0.000000	$0.000000
03/19/2024	03/18/2024	03/22/2024	$0.127498	$0.000000	$0.000000	$0.000000
12/19/2023	12/18/2023	12/22/2023	$0.264424	$0.000000	$0.000000	$0.000000
09/19/2023	09/18/2023	09/22/2023	$0.214756	$0.000000	$0.000000	$0.000000
06/21/2023	06/20/2023	06/26/2023	$0.473976	$0.000000	$0.000000	$0.000000
03/21/2023	03/20/2023	03/24/2023	$0.101308	$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.

Key Facts & Characteristics

Key Facts

Asset Class

International Equity

CUSIP

61774R106

Ticker

CVIE

IOPV Intraday Ticker

CVIE.IV

Inception Date

01/30/2023

Investment Style

Index

Exchange

NYSE Arca

Custodian

JP Morgan Chase Bank, N.A.

Benchmarks

MSCI World ex-USA Index ³

Calvert International Responsible Index ¹

Benchmarks

MSCI World ex-USA Index ³

Calvert International Responsible Index ¹

Distribution Frequency

Quarterly

Total Net Assets ($MM)

as of 12/20/2024

105.16

Characteristics⁴

Updated Daily as of 12/20/2024

Shares Outstanding

1,900,000

Daily Volume

17,130

30-Day Avg Volume

10,183

Updated Monthly as of 11/30/2024

Weighted avg market capitalization ($B)

110.15

Price/earnings (LTM)

16.91

Price/book

1.93

30 Day SEC Yield (%)

2.53

30 Day SEC Yield (unsub) (%)

2.53

Distribution Yield (%)

1.52

Holdings

Top 10 Holdings

As of 12/20/2024 (updated daily upon availability)

Top 10 Holdings

As of 12/20/2024 (updated daily upon availability)

Download full Holdings

Ticker	Holdings	Type	Security Identifier	% of Fund	Shares/Par	Market Value
2330	TAIWAN SEMICONDUCTOR	SEDOL	6889106	3.83%	126,000	3,989,232.35
ASML	ASML HOLDING NV COMMON	SEDOL	B929F46	1.46%	2,120	1,517,004.15
SAP	SAP SE COMMON STOCK EUR 0	SEDOL	4846288	1.42%	5,970	1,474,102.92
NOVOB	NOVO NORDISK A/S COMMON	SEDOL	BP6KMJ1	1.32%	16,712	1,376,613.57
NESN	NESTLE SA COMMON STOCK	SEDOL	7123870	1.14%	14,391	1,192,146.22
005930	SAMSUNG ELECTRONICS CO	SEDOL	6771720	1.11%	31,594	1,153,661.51
AZN	ASTRAZENECA PLC COMMON	SEDOL	0989529	1.04%	8,431	1,087,296.09
7203	TOYOTA MOTOR CORP COMMON	SEDOL	6900643	1.01%	59,200	1,049,595.70
ROG	ROCHE HOLDING AG COMMON	SEDOL	7110388	0.97%	3,666	1,015,585.24
NOVN	NOVARTIS AG COMMON STOCK	SEDOL	7103065	0.94%	10,136	984,260.59

Composition

As of 11/30/2024 (updated monthly upon availability)

Composition

As of 11/30/2024 (updated monthly upon availability)

Sector Weightings (% of Total Net Assets)

	Fund	Index
Financials	23.77	23.57
Industrials	16.69	16.97
Information Technology	15.72	8.84
Health Care	10.42	11.35
Consumer Discretionary	9.24	9.77
Consumer Staples	7.34	7.92
Materials	6.03	6.74
Communication Services	4.88	4.50
Utilities	2.90	3.22
Real Estate	1.04	1.88
Energy	1.02	5.22
Other	0.72	--
Cash	0.23	--

Geography

As of 11/30/2024
(updated monthly upon availability)

Country Allocation (% of Total Net Assets)

	Fund	Index
Japan	17.36	20.06
United Kingdom	11.77	13.18
Canada	10.70	11.89
France	8.25	9.57
Switzerland	7.83	8.57
Germany	7.02	8.04
Australia	6.19	6.89
Taiwan	6.05	--
Netherlands	3.53	3.98
Sweden	3.09	3.15
Other	17.98	14.67

Meet the Team

Portfolio Managers

Thomas C. Seto

Managing Director

33 years industry experience

James Reber

Managing Director

20 years industry experience

Jennifer Mihara

Managing Director

24 years industry experience

Index Construction Team

Christopher Madden

Managing Director

25 years industry experience

Zi Ye

Vice President

13 years industry experience

Resources

Product Literature

Select All

Fact Card

Estimated ETF 2024 Year-End Distributions

Regulatory Documents

Prospectus

Summary Prospectus

SAI

Annual Report

Semi-Annual Report

Annual Financial Statements and Additional Information

Semi-Annual Financial Statements and Additional Information

Stamp Tax Analysis

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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.

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.

¹ Calvert International Responsible Index is a portfolio of stocks in developed markets outside of the U.S. 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.

³MSCI World ex USA Index is an unmanaged index of equity securities in the developed markets, excluding the United States. 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. MSCI indexes are net of foreign withholding taxes. Source: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI provides no warranties, has not prepared or approved this report, and has no liability hereunder.

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.

Distribution Yield 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. In general, equities securities' values fluctuate in response to activities specific to a company. Investments in foreign markets entail special risks such as currency, political, economic, market and liquidity risks. 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.

Calvert International Responsible Index ETF

Calvert International Responsible Index ETF

Key Facts

Characteristics4

Characteristics⁴