Overview

Historical Returns (%) as of Mar 31, 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 Mar 31, 2019

Class A Inception 10/01/2004
Investment Objective Long-term capital appreciation
Total Net Assets $477.6M
Minimum Investment $1000
Expense Ratio (Gross)2 1.28%
Expense Ratio (Net)2,3 1.21%
CUSIP 13161P508

Top 10 Holdings (%)4,5 as of Mar 31, 2019

Grand Canyon Education Inc 2.79
ACI Worldwide Inc 2.71
ICU Medical Inc 2.69
RealPage Inc 2.67
Hexcel Corp 2.58
Catalent Inc 2.50
ServiceMaster Global Holdings Inc 2.28
Cohen & Steers Inc 2.27
Altair Engineering Inc 2.24
Gildan Activewear Inc 2.21
Total 24.94
 

Morningstar Rating™ as of Mar 31, 2019

Time Period Rating Funds in
Small Blend
Category
Overall **** 634
3 Years ***** 634
5 Years ***** 519
10 Years *** 382
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.

©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.
 

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 0.354% of the portfolio as of 03/31/2019. 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. 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 Mar 31, 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 20.73 22.91 -5.03 15.29 40.85 7.03 -1.09 20.00 13.20 -6.85
Russell 2000® Index1 27.17 26.85 -4.18 16.35 38.82 4.89 -4.41 21.31 14.65 -11.01
 

Fund Facts

Expense Ratio (Gross)2 1.28%
Expense Ratio (Net)2,3 1.21%
Class A Inception 10/01/2004
Distribution Frequency Annually

Risk Measures (3 Year)6 as of Mar 31, 2019

Alpha (%) 1.19
Beta 0.88
Information Ratio -0.05
R-Squared (%) 95.25
Standard Deviation (%) 14.39
Sharpe Ratio 0.80
 

Morningstar Rating™ as of Mar 31, 2019

Time Period Rating Funds in
Small Blend
Category
Overall **** 634
3 Years ***** 634
5 Years ***** 519
10 Years *** 382
 

NAV History

Date NAV NAV Change
Apr 17, 2019 $24.48 -$0.15
Apr 16, 2019 $24.63 -$0.04
Apr 15, 2019 $24.67 $0.04
Apr 12, 2019 $24.63 $0.14
Apr 11, 2019 $24.49 $0.08
Apr 10, 2019 $24.41 $0.25
Apr 09, 2019 $24.16 -$0.28
Apr 08, 2019 $24.44 -$0.03
Apr 05, 2019 $24.47 $0.22
Apr 04, 2019 $24.25 $0.04
 

Distribution History7

Ex-Date Distribution Reinvest NAV
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 07, 2018 $0.50060 $0.74340 $22.16
Nov 28, 2017 $1.57230 $1.81860 $23.40
Dec 07, 2016 $0.33118 $24.00
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 0.354% of the portfolio as of 03/31/2019. 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. 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 Mar 31, 2019

Portfolio Statistics as of Mar 31, 2019

Number of Holdings 73
 

GICS Sector Breakdown (%)5 as of Mar 31, 2019

Assets by Country (%)5 as of Mar 31, 2019

United States 95.62
Canada 2.21
Cash & Other Assets 2.17
Total 100.00
 

Fund Holdings (%)5,8 as of Feb 28, 2019

Holding % of Net Assets
RealPage Inc 2.83%
ACI Worldwide Inc 2.76%
ICU Medical Inc 2.75%
Hexcel Corp 2.68%
Catalent Inc 2.65%
Grand Canyon Education Inc 2.53%
Altair Engineering Inc 2.29%
ServiceMaster Global Holdings Inc 2.23%
Cohen & Steers Inc 2.22%
Gildan Activewear Inc 2.18%
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 0.354% of the portfolio as of 03/31/2019. 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. 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

Michael D. McLean, CFA

Michael D. McLean, CFA

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

Biography

Michael McLean 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.

Mike began his career in the investment management industry in 2001. He has been affiliated with the Eaton Vance organization since 2001.

Mike earned a B.S. from Providence College. He is a CFA charterholder.

Education
  • B.S. Providence College

Experience
  • Managed Fund since 2016

 

J. Griffith Noble, CFA

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

Biography

J. Griffith Noble 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.

Griff began his career in the investment management industry in 1996. He has been affiliated with the Eaton Vance organization since 2012. Before joining the Eaton Vance organization, he was an equity analyst with BlackRock, Inc. He was previously affiliated with Byram Capital Management, Emerson Investment Management, Deutsche Asset Management and Putnam Investments.

Griff earned a B.S. from the University of Vermont and an MBA from Babson College. He is a member of the CFA Society of Boston and is a CFA charterholder.

Education
  • B.S. University of Vermont
  • M.B.A. Babson College

Experience
  • Managed Fund since 2016

 

Literature

Literature

Fact Sheet

Download - Last updated: Dec 31, 2018

Commentary

Download - Last updated: Dec 31, 2018

Attribution

Download - Last updated: Dec 31, 2018

Annual Report

Download - Last updated: Sep 30, 2018

Full Prospectus

Download - Last updated: Feb 1, 2019

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, 2018

Summary Prospectus

Download - Last updated: Feb 1, 2019

XBRL

Download - Last updated: Feb 19, 2019