Morgan Stanley ETF Trust - Calvert International Responsible Index ETF (CVIE)

Overview

The Calvert International Responsible Index ETF (CIVIX) seeks to track the investment results of the Calvert International Responsible Index, composed of large- and mid-capitalization developed market equities that meet specified ESG (environmental, social, and governance) criteria. The ETF focuses on responsible investing in international markets, excluding the U.S., and integrates sustainability considerations into its selection process.

Reputation and Reliability

Morgan Stanley is a well-established financial institution with a strong reputation. Their ETF business benefits from the firm's extensive resources and experience in asset management.

Management Expertise

Morgan Stanley's ETF team has experienced professionals in portfolio management and responsible investing. They leverage the firm's research and analytics capabilities to manage the ETF.

Goal

To track the investment results of the Calvert International Responsible Index.

Investment Approach and Strategy

Strategy: The ETF employs a passive investment strategy, aiming to replicate the performance of its underlying index. It invests in a broad range of international equities meeting specific ESG criteria.

Composition The ETF holds primarily stocks of large- and mid-cap companies in developed markets, excluding the U.S. The holdings are diversified across various sectors and countries.

Market Share: Insufficient data to accurately assess market share.

Total Net Assets (AUM): 125442450

Key Competitors

• VEA
• IXUS
• SCHF
• IDEV

Competitive Landscape

The international developed market ETF space is highly competitive, with several established players. CIVIX differentiates itself through its ESG focus, but faces stiff competition from larger, more liquid ETFs. The advantages of CIVIX include responsible investing principles, while disadvantages are its smaller size and potentially lower liquidity compared to competitors.

Historical Performance: Historical performance data is needed to assess the ETFu2019s track record. Requires a source with past performance data.

Benchmark Comparison: Benchmark comparison data is needed to gauge its effectiveness against the Calvert International Responsible Index. Requires a source with benchmark performance.

Expense Ratio: 0.14

Average Trading Volume

The ETF has a relatively low average trading volume, suggesting potentially lower liquidity compared to more popular ETFs.

Bid-Ask Spread

The bid-ask spread is generally wider than more liquid ETFs, which can increase the cost of trading.

Market Environment Factors

Economic indicators in developed markets, sector growth prospects in those markets, and global market conditions all influence CIVIX. Geopolitical events, currency fluctuations, and changes in ESG regulations also affect the fund.

Growth Trajectory

The growth trajectory depends on investor interest in responsible investing and the performance of international developed markets. Changes in the fund's strategy or holdings are relatively infrequent due to its passive nature.

Competitive Edge

CIVIX's competitive advantage lies in its focus on responsible investing and its adherence to specific ESG criteria, attracting investors seeking socially conscious investments. The partnership with Calvert strengthens its appeal to this investor base. The fund provides a comprehensive approach to ESG integration within the international developed market equity space. However, the small AUM and trading volume are a disadvantage.

Volatility

Historical volatility data is required to assess the ETFu2019s price fluctuations.

Market Risk

The ETF is exposed to market risk from fluctuations in international equity markets. Specific risks include currency risk, political risk, and economic downturns in developed markets.

Ideal Investor Profile

The ideal investor is seeking exposure to international developed market equities while prioritizing responsible investing principles. These investors are comfortable with the potential risks and lower liquidity compared to broader market ETFs.

Market Risk

CIVIX is suitable for long-term investors and passive index followers interested in ESG factors. Active traders may find the lower liquidity less appealing.

The Calvert International Responsible Index ETF (CIVIX) offers exposure to international developed market equities while integrating ESG considerations. Its focus on responsible investing differentiates it from broader market ETFs. However, the ETF has a relatively small AUM and lower liquidity. The fund's performance is tied to international markets and its ability to track the Calvert International Responsible Index. This ETF could be suitable for investors seeking responsible investments for the long term and those comfortable with the inherent risks of international equity and ESG investing.

Data Sources:

• Morningstar
• ETF.com
• Company Filings

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Market share data is based on available estimates and may not be precise. Past performance is not indicative of future results.