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

Overview

The Calvert US Mid-Cap Core Responsible Index ETF (CVMC) seeks to provide investment results that correspond generally to the performance, before fees and expenses, of the Calvert US Mid-Cap Core Responsible Index. The fund focuses on mid-capitalization U.S. companies while integrating environmental, social, and governance (ESG) considerations into its investment process.

Reputation and Reliability

Morgan Stanley is a well-established financial institution with a global presence and a strong reputation in asset management. They are considered reliable with a long history in the market.

Management Expertise

Morgan Stanley has a dedicated team of investment professionals experienced in managing ESG-focused ETFs and implementing responsible investing strategies.

Goal

The fund seeks to track the performance of the Calvert US Mid-Cap Core Responsible Index.

Investment Approach and Strategy

Strategy: The ETF tracks a specific index, the Calvert US Mid-Cap Core Responsible Index, which incorporates ESG criteria.

Composition The ETF holds stocks of mid-capitalization U.S. companies that meet the index's ESG standards.

Market Share: CVMC's market share in the ESG mid-cap ETF sector is growing but remains relatively small compared to larger, more established funds.

Total Net Assets (AUM): 146737526

Key Competitors

• XJH
• IJH
• IWR

Competitive Landscape

The competitive landscape is dominated by larger, more established mid-cap ETFs. CVMC differentiates itself through its ESG focus, potentially attracting investors seeking responsible investments. CVMC faces the challenge of competing with ETFs that have lower expense ratios and greater liquidity. Advantages include specific ESG criteria, while disadvantages include smaller AUM.

Historical Performance: Historical performance data should be obtained from official fund documentation. Performance is linked to the mid-cap equity markets and the specific ESG factors considered by the index.

Benchmark Comparison: The ETF's performance can be compared against the Calvert US Mid-Cap Core Responsible Index to assess tracking effectiveness. Other Mid-Cap ETFs may also be utilized as benchmarks.

Expense Ratio: 0.29

Average Trading Volume

The average trading volume is moderate and varies depending on market conditions and investor interest.

Bid-Ask Spread

The bid-ask spread is typically reasonable, reflecting the liquidity of the underlying mid-cap stocks.

Market Environment Factors

Economic growth, interest rates, and market sentiment towards mid-cap stocks and ESG investing significantly impact the fund's performance. Regulatory changes affecting ESG investments also play a role.

Growth Trajectory

The fund's growth trajectory depends on the increasing demand for ESG-focused investments and its ability to attract assets from investors seeking responsible options. Increased awareness of ESG considerations may boost growth.

Competitive Edge

CVMC's competitive edge lies in its integration of ESG principles into a core mid-cap index strategy. This allows investors to align their investments with their values without sacrificing diversification. The Calvert brand is known for responsible investing. The ESG focus could potentially attract investors seeking values-based investment choices and that may improve brand value and reputation within the ESG investing community.

Volatility

The fund's volatility is correlated with the volatility of the mid-cap equity market. Broader market downturns and sector-specific risks in the mid-cap space can affect its volatility.

Market Risk

The ETF is subject to market risk, meaning its value can decline due to economic factors, company-specific issues, and investor sentiment. Changes in ESG preferences could also affect the fund.

Ideal Investor Profile

The ideal investor is seeking exposure to mid-cap U.S. equities with a focus on environmental, social, and governance factors.

Market Risk

This ETF is suitable for long-term investors who prioritize ESG considerations and are comfortable with moderate market risk.

The Calvert US Mid-Cap Core Responsible Index ETF offers exposure to mid-cap U.S. companies while integrating ESG considerations. It tracks the Calvert US Mid-Cap Core Responsible Index. It is suited for long-term investors prioritizing responsible investments and tolerating moderate market risk, although its relatively small AUM and trading volume should be considered. Its competitive edge lies in its Calvert brand and its specific ESG focus.

Data Sources:

• Morgan Stanley Asset Management
• ETF.com
• Morningstar

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.