Overview

Historical Returns (%) as of Sep 30, 2022

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 Facts as of Oct 31, 2022

Class R6 Inception 02/01/2019
Performance Inception 05/31/2007
Investment Objective Long-term capital appreciation
Total Net Assets $360.6M
Minimum Investment $5000000
Expense Ratio2 0.97%
CUSIP 131649758

Top 10 Holdings (%)3,4 as of Sep 30, 2022

iShares MSCI Hong Kong ETF 2.08
Kyoritsu Maintenance Co Ltd 1.88
Mitsubishi Research Institute Inc 1.80
Azelis Group NV 1.70
As One Corp 1.61
Lion Corp 1.53
Ashtead Group PLC 1.52
Tosei Corp 1.48
Yamaha Corp 1.47
carsales.com Ltd 1.44
Total 16.50
 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Portfolio characteristics exclude 1 security in Calvert's High Impact Investments program, which represented 0.154% of the Fund's portfolio as of 09/30/2022. High Social Impact Investments are investments that, in Calvert'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.

RISK CONSIDERATIONS 

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, 2022

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 (%)

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Fund at NAV 26.14 14.08 13.96
MSCI EAFE Small/Mid Cap Index1 18.96 26.48 -3.31 6.61 1.32 30.78 -16.95 24.37 11.34 8.76
 

Fund Facts

Expense Ratio2 0.97%
Class R6 Inception 02/01/2019
Performance Inception 05/31/2007
Distribution Frequency Annually

Risk Measures (3 Year)6 as of Oct 31, 2022

Alpha (%) 1.15
Beta 1.03
Information Ratio 0.13
R-Squared (%) 92.70
Standard Deviation (%) 22.92
Sharpe Ratio -0.12
 

NAV History

Date NAV NAV Change
Dec 01, 2022 $15.93 $0.17
Nov 30, 2022 $15.76 $0.38
Nov 29, 2022 $15.38 -$0.04
Nov 28, 2022 $15.42 -$0.25
Nov 25, 2022 $15.67 $0.09
Nov 23, 2022 $15.58 $0.24
Nov 22, 2022 $15.34 $0.16
Nov 21, 2022 $15.18 -$0.14
Nov 18, 2022 $15.32 $0.01
Nov 17, 2022 $15.31 -$0.01
 

Distribution History7

Ex-Date Distribution Reinvest NAV
Dec 21, 2021 $0.33500 $20.35
Dec 23, 2020 $0.17210 $19.56
Dec 02, 2019 $0.24880 $16.79
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
Dec 21, 2021 $1.29490 $20.35
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 1 security in Calvert's High Impact Investments program, which represented 0.154% of the Fund's portfolio as of 09/30/2022. High Social Impact Investments are investments that, in Calvert'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.

RISK CONSIDERATIONS 

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 Sep 30, 2022

Portfolio Statistics8 as of Sep 30, 2022

Number of Holdings 107
 

GICS Sector Breakdown (%)4 as of Sep 30, 2022

Assets by Country (%)4 as of Sep 30, 2022

Japan 29.80
United Kingdom 20.19
Australia 8.42
Sweden 6.30
Italy 5.26
Netherlands 4.62
United States 3.75
Canada 2.87
Belgium 2.40
Switzerland 2.28
Total 100.00
View All
 

Geographic Mix (%)4 as of Sep 30, 2022

Europe 50.45
Asia/Pacific 39.79
North America 6.62
Middle East 0.88
Cash & Other Assets 2.25
Total 100.00
 

Fund Holdings (%)4,9 as of Oct 31, 2022

Holding % of Net Assets
Mitsubishi Research Institute Inc 1.99%
iShares MSCI Hong Kong ETF 1.74%
Azelis Group NV 1.69%
As One Corp 1.62%
IMCD NV 1.58%
DiscoverIE Group PLC 1.54%
Yamaha Corp 1.52%
Diploma PLC 1.51%
carsales.com Ltd 1.48%
Ashtead Group PLC 1.45%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Portfolio characteristics exclude 1 security in Calvert's High Impact Investments program, which represented 0.154% of the Fund's portfolio as of 09/30/2022. High Social Impact Investments are investments that, in Calvert'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.

RISK CONSIDERATIONS 

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

Managing Director, Co-Head of Non-US Small/Mid Cap
Joined Eaton Vance 2015

Biography

Aidan is a managing director of Morgan Stanley. He is Co-Head of the Eaton Vance Non-U.S. Small/Mid Cap team. He is responsible for managing global and international small-cap equity portfolios, leading a team of analysts. He joined Eaton Vance in 2015. Morgan Stanley acquired Eaton Vance in March 2021.

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: Sep 30, 2022

Commentary

Download Commentary - Last updated: Sep 30, 2022

Attribution

Download Attribution - Last updated: Sep 30, 2022

Annual Report

Download Annual Report - Last updated: Sep 30, 2022

Estimated Year-End Distributions

Download Estimated Year-End Distributions - Last updated: Sep 30, 2022

Full Prospectus

Download Full Prospectus - Last updated: Feb 1, 2022

Q1 Holdings

Download Q1 Holdings - Last updated: Dec 31, 2021

Q3 Holdings

Download Q3 Holdings - Last updated: Jun 30, 2022

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, 2022

Semi-Annual Report

Download Semi-Annual Report - Last updated: Mar 31, 2022

Summary Prospectus

Download Summary Prospectus - Last updated: Feb 1, 2022