CVSE Fees and Costs — Calvert US Select Equity ETF
Data updated: 2025-11-26
The net expense ratio is 0.29%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $486 in broker commissions, 0.0018% of average net assets, and portfolio turnover was 9%.
CVSE Fees and Expenses
Annual operating expenses and sales charges of CVSE. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CVSE Costs Over Time
On $10,000 invested in CVSE, assuming 5% a year before costs, total costs come to $185 over 5 years, cutting the return by 0.31% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $101 | $185 |
| Value after costs | $10,469 | $11,475 | $12,578 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
CVSE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0018%
- Total broker commissions: $486
- Bought from dealers (principal trades, not a cost): $27.4M
- Portfolio turnover (prospectus): 9%
- Securities lending: none during the year
CVSE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $229 | 47.05% |
| RBC Capital Markets, LLC | $151 | 31.09% |
| Instinet, LLC | $87 | 17.88% |
| Piper Sandler & Co. | $8 | 1.69% |
| Citadel Securities LLC | $7 | 1.42% |
| Fidelity Brokerage Services LLC | $4 | 0.88% |
CVSE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $16.4M | 59.76% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $9.9M | 36.09% |
| J.P. Morgan Securities LLC | $1.1M | 4.14% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.