CVLC vs. FELC ETF Comparison

Comparison of Morgan Stanley ETF Trust Calvert US Large-Cap Core Responsible Index ETF (CVLC) to Fidelity Enhanced Large Cap Core ETF (FELC)

CVLC

Morgan Stanley ETF Trust Calvert US Large-Cap Core Responsible Index ETF

CVLC 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 that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.

Grade (RS Rating)

Last Trade

$71.10

Average Daily Volume

18,705

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$31.74

Average Daily Volume

767,417

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	FELC
30 Days	1.80%	1.02%
60 Days	2.45%	2.16%
90 Days	4.45%	3.93%
12 Months	33.54%

7 Overlapping Holdings

Symbol	Grade	Weight in CVLC	Weight in FELC	Overlap
AAPL	C	6.9%	7.43%	6.9%
AMZN	C	3.31%	3.47%	3.31%
AVGO	C	1.59%	1.83%	1.59%
GOOGL	D	3.62%	2.01%	2.01%
JPM	D	1.39%	1.91%	1.39%
MSFT	C	6.0%	6.02%	6.0%
NVDA	D	5.55%	6.62%	5.55%

CVLC Overweight 3 Positions Relative to FELC

Symbol	Grade	Weight
LLY	C	1.73%
TSLA	C	1.31%
UNH	C	1.21%

CVLC Underweight 3 Positions Relative to FELC

Symbol	Grade	Weight
META	A	-2.83%
BRK.A	C	-2.36%
GOOG	D	-1.85%