Overview

Historical Returns (%)as of Dec 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
02/28/2017
Fund at NAV 2.00 4.63 4.51 24.63 -0.34 7.90 6.89
MSCI All Country World Index1 2.81 7.90 5.62 22.07 4.80 8.25 7.25
Calvert Global Water Research Index2 2.08 5.71 4.83 25.85
S-Network Global Water Index3 1.15 4.20 3.26 23.91 6.46 11.43 8.52
12/31/2016
Fund at NAV 0.11 -1.46 14.43 14.43 -0.97 9.70 6.46
MSCI All Country World Index1 2.16 1.19 7.86 7.86 3.13 9.35 6.69
Calvert Global Water Research Index2 0.84 -0.60
S-Network Global Water Index3 0.92 -1.37 18.61 18.61 6.30 13.09 8.27
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. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. The share class has no sales charge.

Fund Factsas of Feb 28, 2017

Class I Inception 01/31/2014
Performance Inception 09/30/2008
Investment Objective Track performance of the Calvert Global Water Research Index
Total Net Assets $442.2M
Minimum Investment $1000000
Expense Ratio (Gross)4 1.47%
Expense Ratio (Net)4,5 0.93%
CUSIP 13161P698

Top 10 Holdings (%)6,7as of Feb 28, 2017

Geberit AG
Cia de Saneamento de Minas Gerais-COPASA
American Water Works Co Inc
United Utilities Group PLC
Severn Trent PLC
HD Supply Holdings Inc
Pennon Group PLC
Suez
AO Smith Corp
Veolia Environnement SA
Total 15.32

Portfolio Management

Christopher Madden, CFA Managed Fund since 2016
Jade Huang Managed Fund since 2016
Thomas Seto Managed Fund since 2016

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

About Risk 

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risk: the market prices of stocks held by the Fund may fall. An index fund has operating expenses; a market index does not. Although expected to track its target index as closely as possible while satisfying its investment criteria, the Fund will not be able to match the performance of the index exactly. It is not possible to invest directly in an index. The Fund is subject to the risk that stocks that comprise the water-related sector may fall in value. The water industry can be significantly affected by a number of factors, including availability of water, the level of rainfall, water consumption, price and supply fluctuations, and government regulations and policies. A downturn in the water-related resource sector would impact the Fund more than a fund that does not concentrate in this industry, and the Fund therefore may be more volatile than a typical mutual fund. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. 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. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company’s ESG performance.


Performance

Historical Returns (%)as of Dec 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
02/28/2017
Fund at NAV 2.00 4.63 4.51 24.63 -0.34 7.90 6.89
MSCI All Country World Index1 2.81 7.90 5.62 22.07 4.80 8.25 7.25
Calvert Global Water Research Index2 2.08 5.71 4.83 25.85
S-Network Global Water Index3 1.15 4.20 3.26 23.91 6.46 11.43 8.52
12/31/2016
Fund at NAV 0.11 -1.46 14.43 14.43 -0.97 9.70 6.46
MSCI All Country World Index1 2.16 1.19 7.86 7.86 3.13 9.35 6.69
Calvert Global Water Research Index2 0.84 -0.60
S-Network Global Water Index3 0.92 -1.37 18.61 18.61 6.30 13.09 8.27
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. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. The share class has no sales charge.

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 28.75 13.62 -9.91 27.13 28.73 -3.22 -12.30 14.43
MSCI All Country World Index1 11.66 -42.19 34.63 12.67 -7.35 16.13 22.80 4.16 -2.36 7.86
Calvert Global Water Research Index2
S-Network Global Water Index3 17.33 -35.91 28.18 13.52 -12.04 20.72 27.62 2.43 -1.12 18.61

Fund Facts

Expense Ratio (Gross)4 1.47%
Expense Ratio (Net)4,5 0.93%
Class I Inception 01/31/2014
Performance Inception 09/30/2008
Distribution Frequency Annually

Risk Measures (3 Year)8as of Feb 28, 2017

Alpha (%) -5.05
Beta 1.09
R-Squared (%) 73.96
Standard Deviation (%) 13.62
Sharpe Ratio -0.04
Medium Blend
Morningstar Equity Style Box
The Morningstar Style Box™ reveals a fund’s investment strategy. For equity funds the vertical axis shows the market capitalization of the long stocks owned and the horizontal axis shows investment style (value, blend, or growth). For fixed-income funds, the vertical axis shows the credit quality of the long bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration.

©2017 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. Past performance is no guarantee of future results.

NAV History

Date NAV NAV Change
Mar 24, 2017 $18.44 $0.05
Mar 23, 2017 $18.39 $0.07
Mar 22, 2017 $18.32 -$0.01
Mar 21, 2017 $18.33 -$0.13
Mar 20, 2017 $18.46 -$0.07
Mar 17, 2017 $18.53 $0.05
Mar 16, 2017 $18.48 $0.06
Mar 15, 2017 $18.42 $0.27
Mar 14, 2017 $18.15 -$0.11
Mar 13, 2017 $18.26 $0.09

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 29, 2015 $0.16175 $15.50
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
Dec 11, 2014 $1.08861 $0.17562 $17.30
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.

About Risk 

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risk: the market prices of stocks held by the Fund may fall. An index fund has operating expenses; a market index does not. Although expected to track its target index as closely as possible while satisfying its investment criteria, the Fund will not be able to match the performance of the index exactly. It is not possible to invest directly in an index. The Fund is subject to the risk that stocks that comprise the water-related sector may fall in value. The water industry can be significantly affected by a number of factors, including availability of water, the level of rainfall, water consumption, price and supply fluctuations, and government regulations and policies. A downturn in the water-related resource sector would impact the Fund more than a fund that does not concentrate in this industry, and the Fund therefore may be more volatile than a typical mutual fund. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. 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. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company’s ESG performance.


Portfolio

Asset Mix (%)7as of Feb 28, 2017

Equity 99.43
Fixed Income 0.35
Cash 0.22
Total 100.00

GICS Sector Breakdown (%)7as of Feb 28, 2017

Sector Fund
Cash/Equiv. 0.23
Leader/Solution Providers 25.66
Water Infrastructure 24.79
Water Technology 24.13
Water Utilities 25.19

Assets by Country (%)7as of Feb 28, 2017

United States 46.08
United Kingdom 9.69
Japan 6.41
China 4.68
France 3.79
Switzerland 3.67
Brazil 3.13
Finland 2.63
Philippines 2.41
Spain 2.05
Total 100.00
View All

Fund Holdings (%)7,10as of Jan 31, 2017

Holding % of Net Assets
Geberit AG 1.74%
Severn Trent PLC 1.53%
American Water Works Co Inc 1.52%
HD Supply Holdings Inc 1.52%
United Utilities Group PLC 1.49%
Veolia Environnement SA 1.48%
Suez 1.47%
Cia de Saneamento de Minas Gerais-COPASA 1.44%
Ebara Corp 1.44%
AO Smith Corp 1.41%
View All

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

About Risk 

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risk: the market prices of stocks held by the Fund may fall. An index fund has operating expenses; a market index does not. Although expected to track its target index as closely as possible while satisfying its investment criteria, the Fund will not be able to match the performance of the index exactly. It is not possible to invest directly in an index. The Fund is subject to the risk that stocks that comprise the water-related sector may fall in value. The water industry can be significantly affected by a number of factors, including availability of water, the level of rainfall, water consumption, price and supply fluctuations, and government regulations and policies. A downturn in the water-related resource sector would impact the Fund more than a fund that does not concentrate in this industry, and the Fund therefore may be more volatile than a typical mutual fund. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. 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. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company’s ESG performance.


Insights & Analysis

Commentary

No commentary information is currently available.

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

About Risk 

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risk: the market prices of stocks held by the Fund may fall. An index fund has operating expenses; a market index does not. Although expected to track its target index as closely as possible while satisfying its investment criteria, the Fund will not be able to match the performance of the index exactly. It is not possible to invest directly in an index. The Fund is subject to the risk that stocks that comprise the water-related sector may fall in value. The water industry can be significantly affected by a number of factors, including availability of water, the level of rainfall, water consumption, price and supply fluctuations, and government regulations and policies. A downturn in the water-related resource sector would impact the Fund more than a fund that does not concentrate in this industry, and the Fund therefore may be more volatile than a typical mutual fund. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. 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. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company’s ESG performance.

Attribution

No attribution information is currently available.

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

About Risk 

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risk: the market prices of stocks held by the Fund may fall. An index fund has operating expenses; a market index does not. Although expected to track its target index as closely as possible while satisfying its investment criteria, the Fund will not be able to match the performance of the index exactly. It is not possible to invest directly in an index. The Fund is subject to the risk that stocks that comprise the water-related sector may fall in value. The water industry can be significantly affected by a number of factors, including availability of water, the level of rainfall, water consumption, price and supply fluctuations, and government regulations and policies. A downturn in the water-related resource sector would impact the Fund more than a fund that does not concentrate in this industry, and the Fund therefore may be more volatile than a typical mutual fund. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. 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. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company’s ESG performance.


Management

Biography
Christopher Madden, CFA

Christopher Madden, CFA

Vice President, Calvert Research and Management
Joined Calvert Research and Management 2016

Christopher Madden is a vice president and ESG senior equity analyst for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. He is responsible for managing the ESG-related investment research and is also a portfolio manager. He joined Calvert Research and Management in 2016.

Chris began his career in the investment management industry in 1999. Before joining Calvert Research and Management, he was a portfolio manager with Calvert Investments. Previously, he was an internal auditor at Vanguard Group.

Chris earned a B.S. in finance and a B.A. in economics from Indiana University of Pennsylvania. He is a member of the CFA Institute and CFA Society of Washington D.C., and is a CFA charterholder.

Education
  • B.S.B.A., Indiana University of Pennsylvania

Experience
  • Managed Fund since 2016

 
Biography
Jade Huang

Jade Huang

Vice President, Calvert Research and Management
Joined Calvert Research and Management 2016

Jade Huang is a vice president and ESG senior equity analyst for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. She is responsible for managing the ESG-related investment research and is also a portfolio manager. She joined Calvert Research and Management in 2016.

Jade began her career in the investment management industry in 2005. Before joining Calvert Research and Management, she was a portfolio manager with Calvert Investments. Previously, she was an investment analyst at Microvest, an asset management firm specializing in impact investing, and led the certification department at Fair Trade USA.

Jade earned a B.A. from the University of California, Berkeley and an M.A. in international finance and economics from Johns Hopkins University, School of Advanced International Studies (SAIS).

Education
  • B.A. University of California, Berkeley
  • M.A. Johns Hopkins University, School of Advanced International Studies (SAIS)

Experience
  • Managed Fund since 2016

 
Biography
Thomas Seto

Thomas Seto

Vice President, Calvert Research and Management
Joined Calvert Research and Management 2016

Thomas Seto is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. He joined Calvert Research and Management in 2016.

Tom began his career in the investment management industry in 1991. He has been affiliated with Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance, since 1998. Before joining Parametric, he served as the head of U.S. equity index investments at Barclays Global Investors.

Tom earned a B.S. in electrical engineering from the University of Washington and an MBA from the University of Chicago Booth School of Business.

Education
  • B.S. University of Washington
  • M.B.A Booth School of Business, University of Chicago

Experience
  • Managed Fund since 2016

 

Literature

Literature

Fact Sheet

Download - Last updated: Dec 31, 2016

Commentary

Download - Last updated: Dec 31, 2016

Attribution

Download - Last updated: Dec 31, 2016

Annual Report

Download - Last updated: Sep 30, 2016

Full Prospectus

Download - Last updated: Feb 1, 2017

SAI

Download - Last updated: Feb 1, 2017

Semi-Annual Report

Download - Last updated: Mar 31, 2016

Summary Prospectus

Download - Last updated: Feb 1, 2017

XBRL

Download - Last updated: Feb 1, 2017