CVIE vs. EFAV ETF Comparison

Comparison of Calvert International Responsible Index ETF (CVIE) to iShares MSCI EAFE Minimum Volatility ETF (EFAV)

CVIE

Calvert International Responsible Index ETF

CVIE Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies in developed markets, excluding the U.S., that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.

Grade (RS Rating)

Last Trade

$56.67

Average Daily Volume

10,050

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EFAV

iShares MSCI EAFE Minimum Volatility ETF

EFAV Description

The investment seeks the investment results of an index composed of developed market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed equity markets, excluding the U.S. and Canada. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the MSCI EAFE Minimum Volatility Index. The components of the underlying index, and the degree to which these components represent certain industries, may change over time. Components primarily include consumer staples, financial and healthcare companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.59

Average Daily Volume

276,888

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVIE	EFAV
30 Days	-1.63%	-2.16%
60 Days	-4.44%	-5.71%
90 Days	-4.52%	-4.99%
12 Months	12.79%	11.54%

7 Overlapping Holdings

Symbol	Grade	Weight in CVIE	Weight in EFAV	Overlap
AGCO	D	0.1%	0.04%	0.04%
MFG	B	0.34%	0.36%	0.34%
MUFG	B	0.72%	0.8%	0.72%
NMR	B	0.14%	0.11%	0.11%
SMFG	B	0.52%	0.54%	0.52%
SONY	B	0.66%	0.71%	0.66%
TM	D	1.13%	1.1%	1.1%

CVIE Overweight 38 Positions Relative to EFAV

Symbol	Grade	Weight
NVS	D	0.98%
HSBH	B	0.9%
SHOP	B	0.79%
UL	D	0.76%
TD	F	0.53%
ABBV	D	0.47%
CB	C	0.47%
CNI	D	0.44%
DEO	F	0.41%
WCN	A	0.34%
SPOT	B	0.31%
LYG	F	0.27%
NXPI	D	0.27%
GRMN	B	0.15%
SE	B	0.15%
CHKP	D	0.14%
KB	B	0.13%
CCEP	C	0.13%
STLA	F	0.12%
ICLR	D	0.12%
UMC	F	0.12%
CYBR	B	0.11%
SHG	D	0.11%
RBA	A	0.11%
FLEX	A	0.1%
MNDY	C	0.08%
AER	B	0.08%
NICE	C	0.08%
ONON	A	0.07%
WIX	B	0.07%
CHT	D	0.07%
XRX	F	0.06%
LOGI	D	0.05%
QGEN	D	0.05%
WFG	D	0.05%
GRAB	B	0.04%
BNTX	D	0.04%
OTEX	D	0.03%

CVIE Underweight 2 Positions Relative to EFAV

	Symbol	Grade	Weight
	HMC	F	-0.24%
	MBAVU	D	-0.02%