Overview

Historical Returns (%) as of Sep 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. The share class has no sales charge.
 

Fund Facts as of Sep 30, 2021

Class I Inception 05/31/2007
Investment Objective Long-term capital appreciation
Total Net Assets $514.4M
Minimum Investment $250000
Expense Ratio2 1.07%
CUSIP 131649857

Top 10 Holdings (%)3,4 as of Jun 30, 2021

Ashtead Group PLC 1.68
IMCD NV 1.42
Games Workshop Group PLC 1.40
Volution Group PLC 1.32
Howden Joinery Group PLC 1.31
Nomad Foods Ltd 1.31
Diploma PLC 1.31
Norma Group SE 1.30
WiseTech Global Ltd 1.28
RWS Holdings PLC 1.25
Total 13.59
 

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 0.047% 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. 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. 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 Sep 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. The share class has no sales charge.
 

Calendar Year Returns (%)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Fund at NAV -17.55 25.53 28.16 -4.21 2.29 0.95 38.51 -14.59 26.10 14.04
MSCI EAFE Small/Mid Cap Index1 -14.91 18.96 26.48 -3.31 6.61 1.32 30.78 -16.95 24.37 11.34
 

Fund Facts

Expense Ratio2 1.07%
Class I Inception 05/31/2007
Distribution Frequency Annually

Risk Measures (3 Year)6 as of Sep 30, 2021

Alpha (%) 1.96
Beta 0.98
Information Ratio 0.40
R-Squared (%) 94.67
Standard Deviation (%) 19.90
Sharpe Ratio 0.44
 

Morningstar Rating™ as of Sep 30, 2021

Time Period Rating Funds in
Foreign Small/Mid Growth
Category
Overall 122
3 Years 122
5 Years 107
10 Years 71
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
Oct 15, 2021 $22.74 $0.19
Oct 14, 2021 $22.55 $0.27
Oct 13, 2021 $22.28 $0.38
Oct 12, 2021 $21.90 $0.02
Oct 11, 2021 $21.88 -$0.10
Oct 08, 2021 $21.98 -$0.05
Oct 07, 2021 $22.03 $0.08
Oct 06, 2021 $21.95 -$0.15
Oct 05, 2021 $22.10 $0.13
Oct 04, 2021 $21.97 -$0.25
 

Distribution History7

Ex-Date Distribution Reinvest NAV
Dec 23, 2020 $0.15580 $19.58
Dec 02, 2019 $0.23370 $16.81
Nov 29, 2018 $0.27490 $15.20
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 History7

Ex-Date Short-Term Long-Term Reinvest NAV
Nov 29, 2018 $0.38610 $0.73370 $15.20
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 0.047% 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. 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. 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 (%)4 as of Jun 30, 2021

Portfolio Statistics as of Jun 30, 2021

Number of Holdings 118
 

GICS Sector Breakdown (%)4 as of Jun 30, 2021

Assets by Country (%)4 as of Jun 30, 2021

Japan 24.71
United Kingdom 20.75
Italy 7.08
Switzerland 6.48
Australia 6.04
Sweden 5.41
Netherlands 5.21
Germany 3.17
United States 2.86
Cash & Other Assets 3.07
Total 100.00
View All
 

Geographic Mix (%)4 as of Jun 30, 2021

Europe 58.54
Asia/Pacific 33.40
North America 4.59
Latin America/Caribbean 0.40
Cash & Other Assets 3.07
Total 100.00
 

Fund Holdings (%)4,8 as of Aug 31, 2021

Holding % of Net Assets
CALVERT CASH RESERVES FUND 2.98%
Ashtead Group PLC 1.72%
RWS Holdings PLC 1.57%
IMCD NV 1.48%
Diploma PLC 1.43%
Interpump Group SpA 1.43%
Aalberts NV 1.40%
Volution Group PLC 1.38%
JTC PLC 1.38%
Games Workshop Group PLC 1.38%
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 0.047% 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. 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. 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

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 Fact Sheet - Last updated: Jun 30, 2021

Commentary

Download Commentary - Last updated: Jun 30, 2021

Attribution

Download Attribution - Last updated: Jun 30, 2021

Annual Report

Download Annual Report - Last updated: Sep 30, 2020

Estimated Year-End Distributions

Download Estimated Year-End Distributions - Last updated: Sep 30, 2021

Full Prospectus

Download Full Prospectus - Last updated: Feb 1, 2021

Q1 Holdings

Download Q1 Holdings - Last updated: Dec 31, 2020

Q3 Holdings

Download Q3 Holdings - Last updated: Jun 30, 2021

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, 2021

Semi-Annual Report

Download Semi-Annual Report - Last updated: Mar 31, 2021

Summary Prospectus

Download Summary Prospectus - Last updated: Feb 1, 2021