Overview

Historical Returns (%) as of Jun 30, 2021

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.
 

Fund Facts3 as of Jun 30, 2021

Class R6 Inception 02/01/2018
Performance Inception 10/29/2012
Investment Objective Long-term capital appreciation
Total Net Assets $4.6B
Minimum Investment $1000000
Expense Ratio (Gross)4 0.95%
Expense Ratio (Net)3,4 0.92%
CUSIP 131649766

Top 10 Holdings (%)5,6 as of Jun 30, 2021

Samsung Electronics Co Ltd 7.97
Taiwan Semiconductor Manufacturing Co Ltd 7.13
Alibaba Group Holding Ltd 6.26
Tencent Holdings Ltd 4.50
Yandex NV 3.17
Prosus NV 2.94
KB Financial Group Inc 2.85
Delta Electronics Inc 2.51
AIA Group Ltd 2.50
China Merchants Bank Co Ltd 2.45
Total 42.30
 

Morningstar Rating™ as of Jun 30, 2021

Time Period Rating Funds in
Diversified Emerging Mkts
Category
Overall 701
3 Years 701
5 Years 602
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.

©2021 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 2 securities in Calvert's High Impact Investments program, which represented 0.002% of the portfolio as of 06/30/2021. 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. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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, 2021

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.
 

Calendar Year Returns (%)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Fund at NAV -15.36 22.81 24.94
MSCI Emerging Markets Index2 -18.42 18.22 -2.60 -2.19 -14.92 11.19 37.28 -14.57 18.42 18.31
 

Fund Facts3

Expense Ratio (Gross)4 0.95%
Expense Ratio (Net)3,4 0.92%
Class R6 Inception 02/01/2018
Performance Inception 10/29/2012
Distribution Frequency Annually

Risk Measures (3 Year)8,9 as of Jun 30, 2021

Alpha (%) 2.66
Beta 1.00
Information Ratio 0.86
R-Squared (%) 96.98
Standard Deviation (%) 19.07
Sharpe Ratio 0.67
 

Morningstar Rating™ as of Jun 30, 2021

Time Period Rating Funds in
Diversified Emerging Mkts
Category
Overall 701
3 Years 701
5 Years 602
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.

©2021 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
Jul 28, 2021 $21.84 $0.41
Jul 27, 2021 $21.43 -$0.37
Jul 26, 2021 $21.80 -$0.38
Jul 23, 2021 $22.18 -$0.27
Jul 22, 2021 $22.45 $0.10
Jul 21, 2021 $22.35 $0.08
Jul 20, 2021 $22.27 $0.08
Jul 19, 2021 $22.19 -$0.39
Jul 16, 2021 $22.58 -$0.20
Jul 15, 2021 $22.78 $0.05
 

Distribution History10

Ex-Date Distribution Reinvest NAV
Dec 29, 2020 $0.10340 $21.83
Dec 02, 2019 $0.13500 $16.69
Nov 29, 2018 $0.19920 $15.10
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 History10

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 2 securities in Calvert's High Impact Investments program, which represented 0.002% of the portfolio as of 06/30/2021. 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. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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 (%)6 as of Jun 30, 2021

Portfolio Statistics as of Jun 30, 2021

Number of Holdings 60
 

GICS Sector Breakdown (%)6 as of Jun 30, 2021

Assets by Country (%)6 as of Jun 30, 2021

China 32.81
Taiwan 13.46
Korea 13.37
India 12.80
Brazil 5.22
Hong Kong 4.89
Russian Federation 4.24
Mexico 3.81
Indonesia 2.77
United States 1.25
Total 100.00
View All
 

Geographic Mix (%)6 as of Jun 30, 2021

Asia/Pacific 80.11
Latin America/Caribbean 10.12
Europe 6.85
North America 1.25
Africa 0.25
Middle East 0.24
Cash & Other Assets 1.18
Total 100.00
 

Fund Holdings (%)6,11 as of May 31, 2021

Holding % of Net Assets
Samsung Electronics Co Ltd 8.01%
Taiwan Semiconductor Manufacturing Co Ltd 6.90%
Alibaba Group Holding Ltd 5.52%
Prosus NV 4.08%
Tencent Holdings Ltd 3.81%
Yandex NV 2.95%
KB Financial Group Inc 2.94%
Delta Electronics Inc 2.75%
China Merchants Bank Co Ltd 2.63%
Techtronic Industries Co Ltd 2.57%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Portfolio characteristics exclude 2 securities in Calvert's High Impact Investments program, which represented 0.002% of the portfolio as of 06/30/2021. 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. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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

Kunjal Gala

Co-Portfolio Manager, Federated Hermes
Joined Federated Hermes 2012

Biography

Kunjal Gala is director and co-portfolio manager for Federated Hermes, a subadvisor to Calvert. He joined Federated Hermes in 2012.

Kunjal began his career in the investment management industry in 2004. Before joining Federated Hermes, he was assistant director for UK Government Investments (UKGI), focused on managing the UK government's portfolio investments and businesses including strategic advisory and monetization options across various sectors. Previously, he was a senior financial analyst in the investment banking division of Morgan Stanley in India and subsequently London, and worked at Thomas Cook India Limited and PricewaterhouseCoopers (PwC) in India.

Kunjal earned a B.Com from the University of Mumbai. He holds the Associate Chartered Accountant (ACA) qualification from the Institute of Chartered Accountants of India and the Certificate in Investment Management (IMC) from the CFA Society UK.

Education
  • B.Comm. Mumbai University

Experience
  • Managed Fund since 2019

 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2021

Commentary

Download - Last updated: Jun 30, 2021

Attribution

Download - Last updated: Jun 30, 2021

Annual Report

Download - Last updated: Sep 30, 2020

Enhanced Fact Sheet

Download - Last updated: Mar 31, 2021

Full Prospectus

Download - Last updated: Feb 1, 2021

Q1 Holdings

Download - Last updated: Dec 31, 2020

Q3 Holdings

Download - Last updated: Jun 30, 2020

Holdings - Form N-PORT

Download

Results of Joint Special Meeting of Shareholders of Calvert Funds

Download - Last updated: Feb 23, 2021

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

Download - Last updated: Feb 8, 2021

SAI

Download - Last updated: Feb 1, 2021

Semi-Annual Report

Download - Last updated: Mar 31, 2021

Summary Prospectus

Download - Last updated: Feb 1, 2021