Overview

Historical Returns (%)as of Dec 31, 2016

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
02/28/2017
Fund at NAV 2.64 5.63 1.78 29.71 9.28 14.13 6.70
Russell 2000® Index1 1.93 5.20 2.33 36.11 6.92 12.89 7.21
12/31/2016
Fund at NAV 3.78 11.50 20.40 20.40 8.60 15.79 6.62
Russell 2000® Index1 2.80 8.83 21.31 21.31 6.74 14.44 7.06
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 Y Inception 10/18/2013
Performance Inception 10/01/2004
Investment Objective Long-term capital appreciation
Total Net Assets $307.2M
Minimum Investment $2000
Expense Ratio (Gross)2 1.05%
Expense Ratio (Net)2 1.05%
CUSIP 13161P748

Top 10 Holdings (%)3,4as of Feb 28, 2017

Pinnacle Foods Inc
Euronet Worldwide Inc
ServiceMaster Global Holdings Inc
Blackbaud Inc
RealPage Inc
Hexcel Corp
West Pharmaceutical Services Inc
Bank of the Ozarks Inc
Dolby Laboratories Inc
Essent Group Ltd
Total 23.85

Portfolio Management

Christopher Madden, CFA Managed Fund since 2015
Jade Huang Managed Fund since 2015
Michael D. McLean, CFA Managed Fund since 2016
J. Griffith Noble, CFA 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 risks: the market prices of stocks held by the Fund may fall; the individual investments of the Fund may not perform as expected; and/or the Fund's portfolio management practices may not achieve the desired result. Prices of small cap stocks can be more volatile than those of larger, more established companies. Small cap companies are more likely to have more limited product lines, fewer capital resources and less depth of management than larger 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. 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. 10 Yrs.
02/28/2017
Fund at NAV 2.64 5.63 1.78 29.71 9.28 14.13 6.70
Russell 2000® Index1 1.93 5.20 2.33 36.11 6.92 12.89 7.21
12/31/2016
Fund at NAV 3.78 11.50 20.40 20.40 8.60 15.79 6.62
Russell 2000® Index1 2.80 8.83 21.31 21.31 6.74 14.44 7.06
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 -2.32 -33.76 20.73 22.91 -5.03 15.29 41.07 7.33 -0.88 20.40
Russell 2000® Index1 -1.57 -33.79 27.17 26.85 -4.18 16.35 38.82 4.89 -4.41 21.31

Fund Facts

Expense Ratio (Gross)2 1.05%
Expense Ratio (Net)2 1.05%
Class Y Inception 10/18/2013
Performance Inception 10/01/2004
Distribution Frequency Annually

Risk Measures (3 Year)5as of Feb 28, 2017

Alpha (%) 3.44
Beta 0.81
R-Squared (%) 89.69
Standard Deviation (%) 13.39
Sharpe Ratio 0.68
Small 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 27, 2017 $24.13 -$0.07
Mar 24, 2017 $24.20 -$0.02
Mar 23, 2017 $24.22 $0.11
Mar 22, 2017 $24.11 -$0.03
Mar 21, 2017 $24.14 -$0.56
Mar 20, 2017 $24.70 -$0.20
Mar 17, 2017 $24.90 $0.10
Mar 16, 2017 $24.80 $0.03
Mar 15, 2017 $24.77 $0.27
Mar 14, 2017 $24.50 -$0.07

Distribution History6

Ex-Date Distribution Reinvest NAV
Dec 29, 2015 $0.07505 $20.68
Dec 29, 2014 $0.00609 $22.66
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 History6

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 07, 2016 $0.33118 $24.18
Dec 10, 2015 $0.55780 $1.27644 $20.52
Dec 11, 2014 $0.27332 $2.50935 $21.88
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 risks: the market prices of stocks held by the Fund may fall; the individual investments of the Fund may not perform as expected; and/or the Fund's portfolio management practices may not achieve the desired result. Prices of small cap stocks can be more volatile than those of larger, more established companies. Small cap companies are more likely to have more limited product lines, fewer capital resources and less depth of management than larger 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. 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 (%)4as of Feb 28, 2017

Equity 99.48
Fixed Income 0.53
Cash -0.01
Total 100.00

GICS Sector Breakdown (%)4as of Feb 28, 2017

Sector Fund Russell 2000® Index1
Consumer Discretionary 9.40 11.93
Consumer Staples 4.95 2.83
Energy 3.09 3.48
Financials 23.26 19.74
Health Care 10.18 12.92
Industrials 17.93 14.46
Information Technology 19.96 17.32
Materials 3.83 5.09
Real Estate 5.90 7.90
Telecom Services 0.70
Utilities 0.97 3.63
Other 0.53
Cash -0.01

Assets by Country (%)4as of Feb 28, 2017

United States 100.01
Cash & Other Assets -0.01
Total 100.00

Fund Holdings (%)4,7as of Jan 31, 2017

Holding % of Net Assets
ServiceMaster Global Holdings Inc 2.46%
Pinnacle Foods Inc 2.37%
West Pharmaceutical Services Inc 2.28%
Blackbaud Inc 2.26%
Bank of the Ozarks Inc 2.21%
Hexcel Corp 2.19%
Euronet Worldwide Inc 2.19%
Essent Group Ltd 2.17%
US Silica Holdings Inc 2.16%
RealPage Inc 2.05%
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 risks: the market prices of stocks held by the Fund may fall; the individual investments of the Fund may not perform as expected; and/or the Fund's portfolio management practices may not achieve the desired result. Prices of small cap stocks can be more volatile than those of larger, more established companies. Small cap companies are more likely to have more limited product lines, fewer capital resources and less depth of management than larger 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. 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 risks: the market prices of stocks held by the Fund may fall; the individual investments of the Fund may not perform as expected; and/or the Fund's portfolio management practices may not achieve the desired result. Prices of small cap stocks can be more volatile than those of larger, more established companies. Small cap companies are more likely to have more limited product lines, fewer capital resources and less depth of management than larger 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. 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 risks: the market prices of stocks held by the Fund may fall; the individual investments of the Fund may not perform as expected; and/or the Fund's portfolio management practices may not achieve the desired result. Prices of small cap stocks can be more volatile than those of larger, more established companies. Small cap companies are more likely to have more limited product lines, fewer capital resources and less depth of management than larger 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. 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 2015

 
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 2015

 
Biography
Michael D. McLean, CFA

Michael D. McLean, CFA

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

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

 
Biography

J. Griffith Noble, CFA

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

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 Boston Security Analysts Society and is a CF A 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, 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