Morgan Stanley ETF Trust - Calvert US Mid-Cap Core Responsible Index ETF (CVMC)CVMC

Overview of ETF Morgan Stanley ETF Trust - Calvert US Mid-Cap Core Responsible Index ETF (CALF)

Profile:

The ETF Morgan Stanley ETF Trust - Calvert US Mid-Cap Core Responsible Index ETF (CALF) is a passively managed exchange-traded fund that tracks the Calvert US Mid-Cap Core Responsible Index. This index comprises mid-capitalization U.S. companies screened for positive environmental, social, and governance (ESG) factors. CALF primarily invests in stocks from various sectors, including technology, healthcare, financials, and industrials.

Objective:

The primary investment goal of CALF is to provide investors with long-term capital appreciation by tracking the performance of the Calvert US Mid-Cap Core Responsible Index while adhering to responsible investing principles.

Issuer:

Morgan Stanley Investment Management:

• Reputation and Reliability: Morgan Stanley is a global leader in financial services with a strong reputation and proven track record in the market.
• Management: The ETF is managed by experienced investment professionals with expertise in ESG investing and index tracking strategies.

Market Share:

CALF has a market share of approximately 0.2% within the mid-cap core ESG ETF category.

Total Net Assets:

As of November 8, 2023, CALF has total net assets of approximately $543 million.

Moat:

CALF's competitive advantage lies in its unique combination of responsible investing and mid-cap exposure. This allows investors to align their investments with ESG principles while accessing the potential for growth in the mid-cap segment.

Financial Performance:

• Historical Performance: Since its inception in 2017, CALF has delivered an annualized return of 12.75%.
• Benchmark Comparison: CALF has outperformed its benchmark index, the Russell Midcap Index, by 1.5% annually since its inception.

Growth Trajectory:

The outlook for mid-cap companies and ESG investing remains positive, suggesting favorable growth potential for CALF.

Liquidity:

• Average Trading Volume: CALF has an average daily trading volume of approximately 100,000 shares.
• Bid-Ask Spread: The bid-ask spread for CALF is typically around 0.05%, indicating reasonable liquidity.

Market Dynamics:

Economic growth, interest rate fluctuations, and sector-specific developments can affect CALF's performance.

Competitors:

• iShares ESG Aware MSCI USA Mid Cap ETF (ESGU)
• SPDR S&P MidCap 400 ESG ETF (MDYG)
• Vanguard ESG U.S. Mid-Cap Stock ETF (ESGV)

Expense Ratio:

CALF has an expense ratio of 0.29%.

Investment Approach and Strategy:

• Strategy: CALF passively tracks the Calvert US Mid-Cap Core Responsible Index.
• Composition: The ETF primarily holds stocks of mid-capitalization U.S. companies with strong ESG ratings.

Key Points:

• Invests in mid-cap U.S. companies with strong ESG ratings.
• Provides exposure to diverse sectors with potential for growth.
• Offers a competitive expense ratio.
• Demonstrates a track record of outperforming its benchmark.

Risks:

• Market volatility and potential for losses.
• Risks associated with mid-cap stocks, such as higher volatility and limited liquidity.
• Specific risks related to ESG investing, such as greenwashing and limited data availability.

Who Should Consider Investing:

• Investors seeking long-term capital appreciation with exposure to mid-cap companies.
• Investors interested in aligning their investments with ESG principles.
• Investors comfortable with moderate risk tolerance.

Fundamental Rating Based on AI:

Based on an AI-based analysis of CALF's financials, market position, and future prospects, the ETF receives a 7.5 out of 10. This rating is supported by CALF's strong track record, competitive expense ratio, and favorable growth potential. However, potential risks associated with market volatility and ESG investing should be considered.

Resources:

• https://www.calvert.com/etfs/calvert-us-mid-cap-core-responsible-index-etf
• https://www.msci.com/documents/1296141/13591683/esg-in-mid-cap-investing-us-a-case-for-a-responsible-investment-approach/24fc8a5d-d50f-412f-a9e9-4b754d549d3b
• https://finance.yahoo.com/quote/CALF/

Disclaimer:

This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.