Overview

Historical Returns (%) as of Dec 31, 2022

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. The share class has no sales charge.
 

Fund Facts as of Dec 31, 2022

Class I Inception 10/01/2019
Investment Objective Total return
Total Net Assets $79.6M
Minimum Investment $1000000
Expense Ratio (Gross)2,3 1.16%
Expense Ratio (Net)2,3 0.95%
CUSIP 131649717
 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. The Fund generally intends to hold each company in the Calvert Emerging Markets Index located in countries selected for investment, regardless of market conditions or individual investment performance, which could cause the Fund to underperform funds that select individual securities without reference to an index. Because the Fund investments may be concentrated in a particular industry, the Fund share value may fluctuate more than that of a less concentrated fund. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Performance

Historical Returns (%) as of Dec 31, 2022

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. The share class has no sales charge.
 

Calendar Year Returns (%)

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Fund at NAV 15.35 0.28 -15.11
MSCI Emerging Markets Index1 -2.60 -2.19 -14.92 11.19 37.28 -14.57 18.42 18.31 -2.54 -20.09
 

Fund Facts

Expense Ratio (Gross)2,3 1.16%
Expense Ratio (Net)2,3 0.95%
Class I Inception 10/01/2019
Distribution Frequency Annually
 

NAV History

Date NAV NAV Change
Feb 03, 2023 $10.48 -$0.10
Feb 02, 2023 $10.58 -$0.03
Feb 01, 2023 $10.61 $0.11
Jan 31, 2023 $10.50 -$0.04
Jan 30, 2023 $10.54 -$0.10
Jan 27, 2023 $10.64 -$0.01
Jan 26, 2023 $10.65 $0.10
Jan 25, 2023 $10.55 $0.01
Jan 24, 2023 $10.54 -$0.01
Jan 23, 2023 $10.55 $0.09
 

Distribution History4

Ex-Date Distribution Reinvest NAV
Dec 29, 2022 $0.53790 $9.82
Dec 29, 2021 $0.07330 $12.12
Dec 29, 2020 $0.01620 $12.42
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
Fund prospectus
 

Capital Gain History4

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 29, 2021 $0.05510 $0.42640 $12.12
No records in this table indicates that there has not been a capital gain greater than .0001 within the past 3 years.
Fund prospectus

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. The Fund generally intends to hold each company in the Calvert Emerging Markets Index located in countries selected for investment, regardless of market conditions or individual investment performance, which could cause the Fund to underperform funds that select individual securities without reference to an index. Because the Fund investments may be concentrated in a particular industry, the Fund share value may fluctuate more than that of a less concentrated fund. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Portfolio

Asset Mix (%)5 as of Dec 31, 2022

Portfolio Statistics as of Dec 31, 2022

Number of Holdings 306
 

GICS Sector Breakdown (%)5 as of Dec 31, 2022

Assets by Country (%)5 as of Dec 31, 2022

Korea 16.97
India 15.61
Greece 15.41
Taiwan 14.20
United Arab Emirates 11.47
Indonesia 9.91
Malaysia 4.07
China 0.19
Cash & Other Assets 12.17
Total 100.00
 

Geographic Mix (%)5 as of Dec 31, 2022

Asia/Pacific 60.96
Europe 15.41
Middle East 11.47
Cash & Other Assets 12.17
Total 100.00
 

Fund Holdings (%)5,6 as of Dec 31, 2022

Holding % of Net Assets
MSILF GOVERNMENT PORTFOLIO 9.09%
Samsung Electronics Co Ltd 6.08%
Taiwan Semiconductor Manufacturing Co Ltd 5.07%
International Holding Co PJSC 4.53%
Hellenic Telecommunications Organization SA 2.80%
First Abu Dhabi Bank PJSC 2.43%
Bank Central Asia Tbk PT 2.42%
Eurobank Ergasias Services and Holdings SA 2.09%
United States Dollar 1.99%
Bank Rakyat Indonesia Persero Tbk PT 1.90%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. In emerging countries, these risks may be more significant. The Fund generally intends to hold each company in the Calvert Emerging Markets Index located in countries selected for investment, regardless of market conditions or individual investment performance, which could cause the Fund to underperform funds that select individual securities without reference to an index. Because the Fund investments may be concentrated in a particular industry, the Fund share value may fluctuate more than that of a less concentrated fund. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


Management

Marshall L. Stocker, Ph.D., CFA

Marshall L. Stocker, Ph.D., CFA

Managing Director, Co-Head of Emerging Markets
Joined Calvert Research and Management 2019

Biography

Marshall Stocker is Co-Head of Emerging Markets and portfolio manager on the Emerging Markets team. He is responsible for co-leading the team with investment professionals based in Boston, Washington, D.C., London and Singapore, as well as for buy and sell decisions, portfolio construction and risk management for assets in emerging and frontier markets. He joined Eaton Vance in 2013; Morgan Stanley acquired Eaton Vance in March 2021.

Marshall began his career in the investment management industry in 1999. Before joining Eaton Vance, he served as co-founder and managing member of Emergent Property Advisors, LLC. Previously, Marshall was a portfolio manager with Choate Investment Advisors and Sanderson & Stocker.

Marshall earned a B.S. and an MBA from Cornell University, where he was a Park Leadership Fellow, and a Ph.D. in economics at Universidad Francisco Marroquin. He is also a CFA charterholder and is conversant in German and Arabic. He is a benefactor of the Cato Institute, Foundation for Economic Education and the Atlas Network. In 2017, he became a member of the Mont Pelerin Society.

Marshall’s commentary has appeared in The New York Times, The Wall Street Journal, Barron’s, Financial Times, The Washington Post and Bloomberg. He has also been featured on Bloomberg Radio, Fox Business News and Nikkei CNBC Japan.

Education
  • B.S. Cornell University
  • M.B.A. Cornell University
  • Ph.D. Universidad Francisco Marroquin

Experience
  • Managed Fund since inception

 

Literature

Literature

Annual Report

Download Annual Report - Last updated: Sep 30, 2022

Full Prospectus

Download Full Prospectus - Last updated: Feb 1, 2023

Q1 Holdings

Download Q1 Holdings - Last updated: Dec 31, 2021

Q3 Holdings

Download Q3 Holdings - Last updated: Jun 30, 2022

Holdings - Form N-PORT

Download Holdings - Form N-PORT

Results of Joint Special Meeting of Shareholders of Calvert Funds

Download Results of Joint Special Meeting of Shareholders of Calvert Funds - Last updated: Feb 23, 2021

Joint Special Meeting of Shareholders of Calvert Funds on February 19, 2021 Will Be A Virtual Meeting

Download Joint Special Meeting of Shareholders of Calvert Funds on February 19, 2021 Will Be A Virtual Meeting - Last updated: Feb 8, 2021

SAI

Download SAI - Last updated: Feb 1, 2023

Semi-Annual Report

Download Semi-Annual Report - Last updated: Mar 31, 2022

Summary Prospectus

Download Summary Prospectus - Last updated: Feb 1, 2023