- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- One International Place Boston MA United States of America 2110
- IPO Date
- Feb 1, 2023
- Business
- Calvert International Responsible Index ETF (CVIE) is an exchange-traded fund that seeks to track the performance of the Calvert International Responsible Index, providing exposure to common stocks of large companies in developed markets outside the United States that meet Calvert's environmental, social, and governance (ESG) criteria based on the Calvert Principles for Responsible Investment. The fund employs a passive, representative sampling investment strategy, investing at least 80% of its net assets in index securities or instruments with similar economic characteristics, including stocks from sectors such as technology, healthcare, consumer defensive, and financial services; top holdings include Taiwan Semiconductor Manufacturing Co. Ltd., ASML Holding NV, Samsung Electronics Co. Ltd., AstraZeneca PLC, Roche Holding AG, Nestle SA, SAP SE, and HSBC Holdings PLC. With an expense ratio of 0.18%, the ETF targets investors seeking low-cost, tax-efficient access to international equities emphasizing effective ESG risk management and financial materiality, primarily in Europe, Asia-Pacific, and other developed regions excluding the U.S..
Launched on January 30, 2023, CVIE is part of the Morgan Stanley ETF Trust, with Morgan Stanley Investment Management Inc. serving as the adviser and Calvert Research and Management (a Morgan Stanley affiliate) providing the proprietary ESG research framework; the fund is headquartered in the United States and distributed by Foreside Fund Services, LLC. Recent portfolio management changes include the addition of Gordon Wotherspoon as a portfolio manager effective April 7, 2025, alongside existing managers James Reber and Jennifer Mihara. In September 2025, Morgan Stanley announced the liquidation of a related Calvert ETF, CVSE (Calvert US Select Equity ETF), reflecting ongoing portfolio optimization within the Calvert ETF lineup, though CVIE continues operations with approximately $178 million in net assets as of late 2025.