Overview

Historical Returns (%) as of Dec 31, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
01/31/2018
Fund at NAV 6.91 11.00 6.91 46.08 13.25 8.99 10.17
Fund w/Max Sales Charge 5.91 10.00 5.91 45.08 13.25 8.99 10.17
MSCI Emerging Markets Index1 8.33 12.45 8.33 41.01 11.82 5.74 7.05
12/31/2017
Fund at NAV 3.77 6.48 43.17 43.17 11.44 8.23 8.93
Fund w/Max Sales Charge 2.77 5.48 42.17 42.17 11.44 8.23 8.93
MSCI Emerging Markets Index1 3.59 7.44 37.28 37.28 9.09 4.35 5.53
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. Max Sales Charge: 1%.
 

Fund Facts as of Jan 31, 2018

Class C Inception 10/29/2012
Investment Objective Long-term capital appreciation
Total Net Assets $714.3M
Minimum Investment $1000
Expense Ratio (Gross)2 3.68%
Expense Ratio (Net)2,3 2.02%
CUSIP 131649790

Top 10 Holdings (%)4,5 as of Dec 31, 2017

Tencent Holdings Ltd
Taiwan Semiconductor Manufacturing Co Ltd
KB Financial Group Inc
Techtronic Industries Co Ltd
AIA Group Ltd
Samsung Electronics Co Ltd
Industrial & Commercial Bank of China Ltd
Naspers Ltd
Sberbank of Russia PJSC
Shenzhen International Holdings Ltd
Total 36.22
 

Morningstar Rating™ as of Jan 31, 2018

Time Period Rating Funds in
Diversified Emerging Mkts
Category
Overall ***** 653
3 Years ***** 653
5 Years ***** 467
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.

©2018 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 0.381% of the portfolio as of 12/31/2017. 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: 

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; individual investments of the Fund may not perform as expected, and/or the Fund's portfolio management practices may not achieve the desired result. Investing in foreign securities involves additional risks relating to political, social, and economic developments abroad; differences between the regulations that apply to U.S. and foreign issuers and markets; the potential for foreign markets to be less liquid and more volatile than U.S. markets; and currency risk associated with securities that trade or are denominated in currencies other than the U.S. dollar. In addition, the risks of investing in emerging market securities are greater than those of investing in securities of developed foreign countries. 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, 2017

Annualized
1 Mo. 3 Mos. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
01/31/2018
Fund at NAV 6.91 11.00 6.91 46.08 13.25 8.99 10.17
Fund w/Max Sales Charge 5.91 10.00 5.91 45.08 13.25 8.99 10.17
MSCI Emerging Markets Index1 8.33 12.45 8.33 41.01 11.82 5.74 7.05
Morningstar Diversified Emerging Mkts Category6 7.13 11.40 7.13 36.37 10.34 5.17
12/31/2017
Fund at NAV 3.77 6.48 43.17 43.17 11.44 8.23 8.93
Fund w/Max Sales Charge 2.77 5.48 42.17 42.17 11.44 8.23 8.93
MSCI Emerging Markets Index1 3.59 7.44 37.28 37.28 9.09 4.35 5.53
Morningstar Diversified Emerging Mkts Category6 3.55 6.27 34.17 34.17 7.95 4.09
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. Max Sales Charge: 1%.
 

Calendar Year Returns (%)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Fund at NAV 9.93 -2.37 -8.55 5.72 43.17
MSCI Emerging Markets Index1 -53.33 78.51 18.88 -18.42 18.22 -2.60 -2.19 -14.92 11.19 37.28
 

Fund Facts

Expense Ratio (Gross)2 3.68%
Expense Ratio (Net)2,3 2.02%
Class C Inception 10/29/2012
Distribution Frequency Annually

Risk Measures (3 Year)7,8 as of Jan 31, 2018

Alpha (%) 3.57
Beta 0.79
R-Squared (%) 88.90
Standard Deviation (%) 13.59
Sharpe Ratio 0.94
Large 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.

©2018 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.
 

Morningstar Rating™ as of Jan 31, 2018

Time Period Rating Funds in
Diversified Emerging Mkts
Category
Overall ***** 653
3 Years ***** 653
5 Years ***** 467
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.

©2018 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
Feb 15, 2018 $17.83 $0.22
Feb 14, 2018 $17.61 $0.36
Feb 13, 2018 $17.25 $0.18
Feb 12, 2018 $17.07 $0.21
Feb 09, 2018 $16.86 $0.01
Feb 08, 2018 $16.85 -$0.30
Feb 07, 2018 $17.15 -$0.30
Feb 06, 2018 $17.45 $0.08
Feb 05, 2018 $17.37 -$0.37
Feb 02, 2018 $17.74 -$0.40
 

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 27, 2016 $0.01665 $11.75
Dec 29, 2015 $0.01226 $11.42
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 History9

Ex-Date Short-Term Long-Term Reinvest NAV
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 0.381% of the portfolio as of 12/31/2017. 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: 

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; individual investments of the Fund may not perform as expected, and/or the Fund's portfolio management practices may not achieve the desired result. Investing in foreign securities involves additional risks relating to political, social, and economic developments abroad; differences between the regulations that apply to U.S. and foreign issuers and markets; the potential for foreign markets to be less liquid and more volatile than U.S. markets; and currency risk associated with securities that trade or are denominated in currencies other than the U.S. dollar. In addition, the risks of investing in emerging market securities are greater than those of investing in securities of developed foreign countries. 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 (%)5 as of Dec 31, 2017

Foreign Common Stocks 89.45
Other 6.19
Cash 4.36

Portfolio Statistics as of Dec 31, 2017

Number of Holdings 46

GICS Sector Breakdown (%)5 as of Dec 31, 2017

Sector Fund MSCI Emerging Markets Index1
Consumer Discretionary 22.29 10.20
Consumer Staples 4.93 6.58
Energy 1.36 6.77
Financials 27.25 23.45
Health Care 3.44 2.66
Industrials 4.62 5.29
Information Technology 29.28 27.63
Materials 1.35 7.41
Real Estate 2.82
Telecom Services 4.84
Utilities 1.14 2.36
Cash 4.36
 

Assets by Country (%)5 as of Dec 31, 2017

China 32.11
India 14.16
Taiwan 13.64
Korea 9.44
South Africa 6.64
Brazil 6.41
Russia 3.55
U.A.E. 2.77
Mexico 2.40
Cash & Other Assets 4.36
View All

Geographic Mix (%)5 as of Dec 31, 2017

Asia/Pacific 70.73
Latin America/Caribbean 10.01
Africa 6.64
Europe 6.50
Middle East 2.77
Cash & Other Assets 4.36
 

Fund Holdings (%)5,10 as of Dec 31, 2017

Holding % of Net Assets
Tencent Holdings Ltd 6.25%
Taiwan Semiconductor Manufacturing Co Ltd 4.91%
United States Dollar 3.87%
KB Financial Group Inc 3.72%
Techtronic Industries Co Ltd 3.57%
AIA Group Ltd 3.46%
Samsung Electronics Co Ltd 3.34%
Industrial & Commercial Bank of China Ltd 3.27%
Naspers Ltd 3.21%
Sberbank of Russia PJSC 2.45%
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 0.381% of the portfolio as of 12/31/2017. 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: 

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; individual investments of the Fund may not perform as expected, and/or the Fund's portfolio management practices may not achieve the desired result. Investing in foreign securities involves additional risks relating to political, social, and economic developments abroad; differences between the regulations that apply to U.S. and foreign issuers and markets; the potential for foreign markets to be less liquid and more volatile than U.S. markets; and currency risk associated with securities that trade or are denominated in currencies other than the U.S. dollar. In addition, the risks of investing in emerging market securities are greater than those of investing in securities of developed foreign countries. 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

Gary Greenberg, CFA

Head of Global Emerging Markets, Hermes Investment Management
Joined Hermes Investment Management 2010

Biography

Gary Greenberg is head of global emerging markets for Hermes Investment Management, a subadvisor of Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. He joined Hermes Investment Management in 2010.

Gary began his career in the investment management industry in 1985. Before joining Hermes, he co-founded and was managing partner/chief investment officer at both London-based Silkstone Capital and Muse Capital. Previously, he was executive director at Goldman Sachs Asset Management, where he was senior portfolio manager — emerging markets and served on the global asset allocation and European stock selection committees. Prior experience includes roles as managing director, global at Van Eck Global, where he ran the Hong Kong office and was lead portfolio manager for international equities, chief investment officer at Peregrine Asset Management in Hong Kong and principal of Wanger Asset Management in Chicago.

Gary earned a B.A. from Carleton College and an MBA from Thunderbird School of Global Management. He is a CFA charterholder.

Education
  • B.A. Carleton College
  • MBA Thunderbird School of Global Management

Experience
  • Managed Fund since inception

 

Elena Tedesco, CFA

Co-Portfolio Manager, Hermes Investment Management
Joined Hermes Investment Management 2002

Biography

Elena Tedesco is a co-portfolio manager, ESG strategies, and senior analyst CEEMEA for Hermes Investment Management, a subadvisor of Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. She joined Hermes Investment Management in 2002.

Elena began her career in the investment management industry in 2000. She has held analyst roles at Hermes, becoming part of the emerging markets team in 2007 as an analyst, initially covering Latin America and later focusing on EMEA. Before joining Hermes, she was an analyst at Deminor, a Belgium-based independent research boutique, now part of ISS.

Elena earned a degree in economics from the Università degli Studi di Palermo, a postgraduate degree in EU law from LUISS University and a master's degree in European economic affairs from the College of Europe. She is a CFA charterholder.

Education
  • B.A. Università degli Studi di Palermo
  • LUISS University
  • M.S. College of Europe

Experience
  • Managed Fund since inception

 

Literature

Literature

Fact Sheet

Download - Last updated: Dec 31, 2017

Enhanced Fact Sheet

Download - Last updated: Dec 31, 2017

Commentary

Download - Last updated: Dec 31, 2017

Attribution

Download - Last updated: Dec 31, 2017

Annual Report

Download - Last updated: Sep 30, 2017

Full Prospectus

Download - Last updated: Feb 1, 2018

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Download

SAI

Download - Last updated: Feb 1, 2018

Semi-Annual Report

Download - Last updated: Mar 31, 2017

Summary Prospectus

Download - Last updated: Feb 1, 2018