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Under typical market conditions, the fund commits at least 80% of its total investable assets—which include both net assets and any funds borrowed for investment—to the securities tracked by its benchmark index. This index is specifically constructed from the common shares of mid-capitalization companies, chosen because their business practices are in line with the Calvert Principles for Responsible Investment.
Is CVMC's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Shares of Calvert US Mid-Cap Core Responsible Index ETF (NYSEARCA:CVMC - Get Free Report) were up 1% on Wednesday. The stock traded as high as $64.88 and last traded at $64.64. Approximately 176,823 shares changed hands during mid-day trading, an increase of 2,063% from the average daily volume of 8,176 shares. The stock had
When first heading into 2025, many market experts bet on equities paving the way for growth strategies through the year. This narrative has not particularly changed, per se.
Given the market's current growth narrative, investors may want to consider broadening out their equity exposure beyond traditional large caps. In particular, midcaps could provide a particularly interesting investment opportunity.
CVMC is comprised of 600+ Russell Midcap Index securities that align with the Calvert Principles For Responsible Investment. Its expense ratio is 0.15% and CVMC has $68 million in assets. Backfilling CVMC's returns with its no load mutual fund cousin, I found that its historical risk and returns were virtually identical to its benchmark, represented by IWR. However, IWR is an unambitious benchmark to match. By essentially reweighting stocks and keeping sector allocations similar, CVMC brings with it common issues that plague cap-weighted mid-cap funds.
Approximately two years ago, just before an Exchange conference kicked off, one of the largest asset managers entered into the ETF market. Morgan Stanley Investment Management (MSIM), home to some of the strongest asset management brands, launched their initial suite of ETFs in January 2023.