Calvert International Responsible Index ETF

Shareclass

Calvert International Responsible ETF (CVIE)

Type

Exchange-traded fund

Manager

Engagement grade: This fund family frequently engages the companies it invests in to push for better behavior. Learn more about engagement and socially responsible investing.

15.92%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

holdings flagged

16%

of assets flagged

Known Sustainability Engager

Some sustainability-mandated funds actively engage the companies they own. Indeed, efforts by sustainability-focused investors whose funds are found on this site have been crucial to driving positive change in deforestation-risk sectors like palm oil. A number of asset managers are known sustainability engagers, and have taken actions such as filing shareholder resolutions asking for policy changes. Those asset managers deserve special acknowledgement - often, they are using their investments to make sure they have a voice at the table to call for real improvements in company behavior. We used data collected by Ceres to identify asset managers that have filed shareholder resolutions on deforestation, climate change, or other environmental issues. If a fund owns companies we screen for, but the family is a known filer of deforestation or environmental-related shareholder resolutions, it earns a special engagement score. Read more about our deforestation grades.

Calvert Research and Management has filed deforestation or other climate-change related shareholder resolutions at AGL Resources Inc., Amazon.com Inc, AT&T, Inc., Casey's General Stores, Inc., CBRE Group, Inc, CenterPoint Energy, Inc., Cleco Corporation, Colgate-Palmolive, Colgate-Palmolive Co., Danaher Corp., Dillard's Inc., Dish Network Corporation, Dover Corp., Dr Pepper Snapple Group, Inc., Expedia Inc., FirstEnergy Corp., Genesee & Wyoming Inc, H.B. Fuller Company, HD Supply Holdings, Inc, Hertz Global Holdings, Inc., International Flavors & Fragrances Inc., J. C. Penney Company, Inc., JB Hunt Transport Services Inc., Kansas City Southern, Kroger, L Brands Inc, Marriott International, Inc., Nucor Corporation, PACCAR Inc., Pioneer Natural Resources Co., Polaris Industries, Public Storage, QEP Resources, Inc., Safeway Inc., Sears Holdings Corporation, Sensient Technologies, SM Energy Corporation, Smithfield Foods, Inc., Southwest Gas Corporation, Staples, Inc., TJX Companies, Inc., and Yum! Brands, Inc. See the resolutions

This fund contains

$21.05 MILLION invested

in holdings flagged for deforestation risk

Take action

Commodity producers

11 holdings

0.85% of assets

$1.13 MILLION invested

Banks and lenders

19 holdings

7.07% of assets

$9.34 MILLION invested

Major consumer brands

49 holdings

8.25% of assets

$10.91 MILLION invested

Commodity producers

11 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

11 HOLDINGS

% of portfolio
$ invested
1. ITOCHU Corp
0.24%0.24% of portfolio
$317,467$317,467 invested
2. POSCO Holdings Inc
0.2%0.2% of portfolio
$261,762$261,762 invested
3. Marubeni Corp
0.09%0.09% of portfolio
$112,637$112,637 invested
4. UPM-Kymmene Oyj
0.08%0.08% of portfolio
$100,663$100,663 invested
5. Stora Enso Oyj Class R
0.06%0.06% of portfolio
$79,761$79,761 invested

View next 5

Banks and lenders

19 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

19 HOLDINGS

% of portfolio
$ invested
1. HSBC Holdings PLC
0.97%0.97% of portfolio
$1.29M$1.29M invested
2. Commonwealth Bank of Australia
0.8%0.8% of portfolio
$1.06M$1.06M invested
3. Mitsubishi UFJ Financial Group Inc
0.8%0.8% of portfolio
$1.06M$1.06M invested
4. Sumitomo Mitsui Financial Group Inc
0.53%0.53% of portfolio
$695,796$695,796 invested
5. BNP Paribas Act. Cat.A
0.42%0.42% of portfolio
$557,440$557,440 invested

View next 5

Major consumer brands

49 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

49 HOLDINGS

% of portfolio
$ invested
1. Nestle SA
1.33%1.33% of portfolio
$1.76M$1.76M invested
2. Unilever PLC
0.77%0.77% of portfolio
$1.02M$1.02M invested
3. Lvmh Moet Hennessy Louis Vuitton SE
0.68%0.68% of portfolio
$898,833$898,833 invested
4. RELX PLC
0.6%0.6% of portfolio
$786,914$786,914 invested
5. L'Oreal SA
0.41%0.41% of portfolio
$543,481$543,481 invested

View next 5

View more info

DATA AS OF 31 Mar 2025

Sustainability report card

As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.

Calvert International Responsible Index ETF CVIE

Environment

Fossil fuels

Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation

Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality

Gender equality group ranking, based on Equileap company data

Civilian firearms

Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex

Investments in prisons and borders industry, including private prison operators

Military weapons

Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco

Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on CVIE at Morningstar.com

Current fund

CVIE

Calvert International Responsible Index ETF

Family

Calvert Research and Management

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 3/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Lower 1-yr returns

-2.59% less in annualized returns

Less invested in commodity producers

0.33% less invested

More invested in banks and lenders

1.12% more invested

More invested in major consumer brands

0.79% more invested

Current fund

CVIE

Calvert International Responsible Index ETF

Family

Calvert Research and Management

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 3/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Lower 1-yr returns

-2.59% less in annualized returns

Less invested in commodity producers

0.33% less invested

More invested in banks and lenders

1.12% more invested

More invested in major consumer brands

0.79% more invested

Current fund

CVIE

Calvert International Responsible Index ETF

Family

Calvert Research and Management

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 3/31/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Lower 1-yr returns

-2.59% less in annualized returns

Less invested in commodity producers

0.33% less invested

More invested in banks and lenders

1.12% more invested

More invested in major consumer brands

0.79% more invested

Month-end trailing returns

Performance as of date: 3/31/25

Morningstar suggested benchmark: MSCI ACWI Ex USA NR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
CVIE - Calvert International Responsible Index ETF

4.16%

0.85%

Benchmark

6.75%

4.94%

11%

4.92%

1.18%

Fund compared to benchmark

-2.59%

0.33% lower

Find more financial data on CVIE at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

SUPPORT THE PETITION

Find top-graded funds that avoid deforestation-risk investments.

FIND TOP-SCORING FUNDS

Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.

CHECK FOR FOSSIL FUELS

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