Overview

Historical Returns (%) as of Jun 30, 2019

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. Performance prior to December 31, 2016 reflects the performance of the Fund’s former adviser, Calvert Investment Management, Inc. Max Sales Charge: 4.75%.
 

Fund Facts as of Jul 31, 2019

Class A Inception 10/29/2012
Investment Objective Long-term capital appreciation
Total Net Assets $2.0B
Minimum Investment $1000
Expense Ratio (Gross)2 1.43%
Expense Ratio (Net)2,3 1.24%
CUSIP 131649816

Top 10 Holdings (%)4,5 as of Jun 30, 2019

Tencent Holdings Ltd 7.90
Samsung Electronics Co Ltd 6.10
Alibaba Group Holding Ltd 5.28
Taiwan Semiconductor Manufacturing Co Ltd 4.53
AIA Group Ltd 3.30
HDFC Bank Ltd 3.13
Techtronic Industries Co Ltd 3.07
Bank Rakyat Indonesia Persero Tbk PT 3.00
KB Financial Group Inc 2.70
NARI Technology Co Ltd 2.59
Total 41.61
 

Morningstar Rating™ as of Jul 31, 2019

Time Period Rating Funds in
Diversified Emerging Mkts
Category
Overall 711
3 Years 711
5 Years 563
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses.

©2019 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Portfolio characteristics exclude 3 securities in Calvert's High Impact Investments program, which represented 0.108% of the portfolio as of 06/30/2019. High Social Impact Investments are investments that, in the Adviser’s opinion, offer the opportunity for significant sustainability and social impact. These investments are generally illiquid and involve high risks. See the Fund's prospectus for details and calvert.com for a complete list of Fund holdings.

About Risk: 

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. 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 Jun 30, 2019

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. Performance prior to December 31, 2016 reflects the performance of the Fund’s former adviser, Calvert Investment Management, Inc. Max Sales Charge: 4.75%.
 

Calendar Year Returns (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Fund at NAV 10.95 -1.37 -7.78 6.55 44.19 -15.56
MSCI Emerging Markets Index1 78.51 18.88 -18.42 18.22 -2.60 -2.19 -14.92 11.19 37.28 -14.57
 

Fund Facts

Expense Ratio (Gross)2 1.43%
Expense Ratio (Net)2,3 1.24%
Class A Inception 10/29/2012
Distribution Frequency Annually

Risk Measures (3 Year)7,8 as of Jul 31, 2019

Alpha (%) 1.80
Beta 0.99
Information Ratio 0.44
R-Squared (%) 92.01
Standard Deviation (%) 14.07
Sharpe Ratio 0.62
Tracking Error 3.98
 

Morningstar Rating™ as of Jul 31, 2019

Time Period Rating Funds in
Diversified Emerging Mkts
Category
Overall 711
3 Years 711
5 Years 563
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses.

©2019 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
 

NAV History

Date NAV NAV Change
Aug 23, 2019 $15.23 -$0.26
Aug 22, 2019 $15.49 -$0.11
Aug 21, 2019 $15.60 $0.04
Aug 20, 2019 $15.56 -$0.04
Aug 19, 2019 $15.60 $0.10
Aug 16, 2019 $15.50 $0.19
Aug 15, 2019 $15.31 $0.14
Aug 14, 2019 $15.17 -$0.30
Aug 13, 2019 $15.47 $0.09
Aug 12, 2019 $15.38 -$0.16
 

Distribution History9

Ex-Date Distribution Reinvest NAV
Nov 29, 2018 $0.11760 $15.01
Dec 28, 2017 $0.02870 $17.28
Dec 27, 2016 $0.06556 $11.89
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 History9

Ex-Date Short-Term Long-Term Reinvest NAV
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. Portfolio characteristics exclude 3 securities in Calvert's High Impact Investments program, which represented 0.108% of the portfolio as of 06/30/2019. High Social Impact Investments are investments that, in the Adviser’s opinion, offer the opportunity for significant sustainability and social impact. These investments are generally illiquid and involve high risks. See the Fund's prospectus for details and calvert.com for a complete list of Fund holdings.

About Risk: 

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. 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 Jun 30, 2019

Portfolio Statistics as of Jun 30, 2019

Number of Holdings 48
 

GICS Sector Breakdown (%)5 as of Jun 30, 2019

Assets by Country (%)5 as of Jun 30, 2019

China 34.73
India 15.21
Taiwan 13.60
Korea 10.35
Brazil 7.42
South Africa 3.08
Indonesia 3.00
U.A.E. 2.66
Hungary 1.89
Russian Federation 1.59
View All
 

Geographic Mix (%)5 as of Jun 30, 2019

Asia/Pacific 76.90
Latin America/Caribbean 10.18
Europe 4.62
Middle East 4.00
Africa 3.08
Cash & Other Assets 1.21
Total 100.00
 

Fund Holdings (%)5,10 as of Jun 30, 2019

Holding % of Net Assets
Tencent Holdings Ltd 7.87%
Samsung Electronics Co Ltd 6.08%
Alibaba Group Holding Ltd 5.27%
Taiwan Semiconductor Manufacturing Co Ltd 4.51%
AIA Group Ltd 3.29%
HDFC Bank Ltd 3.12%
Techtronic Industries Co Ltd 3.06%
Bank Rakyat Indonesia Persero Tbk PT 2.99%
KB Financial Group Inc 2.69%
NARI Technology Co Ltd 2.59%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Portfolio characteristics exclude 3 securities in Calvert's High Impact Investments program, which represented 0.108% of the portfolio as of 06/30/2019. High Social Impact Investments are investments that, in the Adviser’s opinion, offer the opportunity for significant sustainability and social impact. These investments are generally illiquid and involve high risks. See the Fund's prospectus for details and calvert.com for a complete list of Fund holdings.

About Risk: 

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. 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

Gary Greenberg, CFA

Head of Global Emerging Markets, Hermes Investment Management
Joined Hermes Investment Management 2010

Biography

Gary Greenberg is head of global emerging markets for Hermes Investment Management, a subadvisor of Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. He joined Hermes Investment Management in 2010.

Gary began his career in the investment management industry in 1985. Before joining Hermes, he co-founded and was managing partner/chief investment officer at both London-based Silkstone Capital and Muse Capital. Previously, he was executive director at Goldman Sachs Asset Management, where he was senior portfolio manager — emerging markets and served on the global asset allocation and European stock selection committees. Prior experience includes roles as managing director, global at Van Eck Global, where he ran the Hong Kong office and was lead portfolio manager for international equities, chief investment officer at Peregrine Asset Management in Hong Kong and principal of Wanger Asset Management in Chicago.

Gary earned a B.A. from Carleton College and an MBA from Thunderbird School of Global Management. He is a CFA charterholder.

Education
  • B.A. Carleton College
  • MBA Thunderbird School of Global Management

Experience
  • Managed Fund since inception

 

Elena Tedesco, CFA

Co-Portfolio Manager, Hermes Investment Management
Joined Hermes Investment Management 2002

Biography

Elena Tedesco is a co-portfolio manager, ESG strategies, and senior analyst CEEMEA for Hermes Investment Management, a subadvisor of Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. She joined Hermes Investment Management in 2002.

Elena began her career in the investment management industry in 2000. She has held analyst roles at Hermes, becoming part of the emerging markets team in 2007 as an analyst, initially covering Latin America and later focusing on EMEA. Before joining Hermes, she was an analyst at Deminor, a Belgium-based independent research boutique, now part of ISS.

Elena earned a degree in economics from the Università degli Studi di Palermo, a postgraduate degree in EU law from LUISS University and a master's degree in European economic affairs from the College of Europe. She is a CFA charterholder.

Education
  • B.A. Università degli Studi di Palermo
  • LUISS University
  • M.S. College of Europe

Experience
  • Managed Fund since inception

 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2019

Commentary

Download - Last updated: Jun 30, 2019

Attribution

Download - Last updated: Jun 30, 2019

Annual Report

Download - Last updated: Sep 30, 2018

Enhanced Fact Sheet

Download - Last updated: Jun 30, 2019

Full Prospectus

Download - Last updated: Feb 1, 2019

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Download

SAI

Download - Last updated: Feb 1, 2019

Semi-Annual Report

Download - Last updated: Mar 31, 2019

Summary Prospectus

Download - Last updated: Feb 1, 2019

XBRL

Download - Last updated: Feb 20, 2019