Overview

Historical Returns (%) as of Sep 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 Oct 31, 2019

Class A Inception 05/31/2007
Investment Objective Long-term capital appreciation
Total Net Assets $360.6M
Minimum Investment $1000
Expense Ratio (Gross)2 1.39%
Expense Ratio (Net)2,3 1.35%
CUSIP 131649881

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

Melrose Industries PLC 1.89
FP Corp 1.74
Sika AG 1.67
IMCD NV 1.56
Penta-Ocean Construction Co Ltd 1.53
CAE Inc 1.48
SpareBank 1 SR-Bank ASA 1.44
Bellway PLC 1.39
Morinaga & Co Ltd/Japan 1.39
Fisher & Paykel Healthcare Corp Ltd 1.38
Total 15.48
 

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 0.371% 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, more established companies. 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. 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 Sep 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 34.87 12.57 -17.87 24.98 27.62 -4.68 1.79 0.66 37.91 -14.80
MSCI EAFE Small/Mid Cap Index1 39.24 17.37 -14.91 18.96 26.48 -3.31 6.61 1.32 30.78 -16.95
 

Fund Facts

Expense Ratio (Gross)2 1.39%
Expense Ratio (Net)2,3 1.35%
Class A Inception 05/31/2007
Distribution Frequency Annually

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

Alpha (%) 1.75
Beta 1.01
Information Ratio 0.66
R-Squared (%) 94.24
Standard Deviation (%) 12.41
Sharpe Ratio 0.72
 

Morningstar Rating™ as of Sep 30, 2019

Time Period Rating Funds in
Foreign Small/Mid Growth
Category
Overall 122
3 Years 122
5 Years 99
10 Years 61
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
Nov 08, 2019 $17.17 $0.02
Nov 07, 2019 $17.15 $0.09
Nov 06, 2019 $17.06 $0.05
Nov 05, 2019 $17.01 $0.02
Nov 04, 2019 $16.99 $0.06
Nov 01, 2019 $16.93 $0.17
Oct 31, 2019 $16.76 $0.00
Oct 30, 2019 $16.76 $0.06
Oct 29, 2019 $16.70 -$0.02
Oct 28, 2019 $16.72 $0.08
 

Distribution History8

Ex-Date Distribution Reinvest NAV
Nov 29, 2018 $0.22900 $15.55
Nov 28, 2017 $0.23730 $18.06
Dec 27, 2016 $0.15441 $14.30
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 History8

Ex-Date Short-Term Long-Term Reinvest NAV
Nov 29, 2018 $0.38610 $0.73370 $15.55
Nov 28, 2017 $0.97370 $18.06
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 0.371% 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, more established companies. 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. 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 Sep 30, 2019

Portfolio Statistics as of Sep 30, 2019

Number of Holdings 119
 

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

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

Japan 27.99
United Kingdom 19.30
Switzerland 7.63
Sweden 6.80
Italy 5.10
Australia 4.59
Netherlands 4.36
Germany 4.21
Canada 3.03
Norway 2.58
Total 100.00
View All
 

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

Europe 58.10
Asia/Pacific 36.74
North America 3.78
Cash & Other Assets 1.38
Total 100.00
 

Fund Holdings (%)5,9 as of Sep 30, 2019

Holding % of Net Assets
Melrose Industries PLC 1.90%
FP Corp 1.75%
Sika AG 1.67%
IMCD NV 1.57%
Penta-Ocean Construction Co Ltd 1.53%
CAE Inc 1.49%
SpareBank 1 SR-Bank ASA 1.45%
Bellway PLC 1.40%
Morinaga & Co Ltd/Japan 1.39%
Fisher & Paykel Healthcare Corp Ltd 1.39%
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 0.371% 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, more established companies. 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. 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

Aidan M. Farrell

Aidan M. Farrell

Vice President, Eaton Vance Global Advisors Limited
Joined Eaton Vance 2015

Biography

Aidan Farrell is a vice president of Eaton Vance Global Advisors Limited and executive director, chief executive officer and equity portfolio manager. He is responsible for managing global and international small-cap equity portfolios, leading a team of analysts. He joined Eaton Vance in 2015.

Aidan began his career in the investment management industry in 1996. Before joining Eaton Vance, he was managing director and a lead portfolio manager for Goldman Sachs Asset Management (GSAM). Prior to June 2008, he served as a director of European equities for Investment Insight (formerly the asset management arm of Halifax Bank of Scotland).

Aidan earned a B.A. in economics from the University College Dublin and a postgraduate diploma in business studies from the University College Dublin Michael Smurfit Graduate Business School. Aidan is an associate of the CFA Society of the UK.

Education
  • B.A. University College Dublin
  • Pg.Dip. University College Dublin

Experience
  • Managed Fund since 2016

 

Literature

Literature

Fact Sheet

Download - Last updated: Sep 30, 2019

Commentary

Download - Last updated: Sep 30, 2019

Attribution

Download - Last updated: Sep 30, 2019

Annual Report

Download - Last updated: Sep 30, 2018

Estimated Year-End Distributions

Download - Last updated: Sep 30, 2019

Full Prospectus

Download - Last updated: Feb 1, 2019

Holdings-1st or 3rd fiscal quarters-www.sec.gov (beginning 3/31/2019)

Download

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