Overview

Historical Returns (%) as of Dec 31, 2017

Annualized
1 Mo. 3 Mo. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
01/31/2018
Fund at NAV 1.90 4.34 1.90 17.39 7.75 6.82 6.79
Fund w/Max Sales Charge 0.90 3.34 0.90 16.39 7.75 6.82 6.79
MSCI All Country World Index1 5.64 9.42 5.64 27.48 11.89 11.01 8.99
Calvert Global Water Research Spliced Benchmark2 2.06 5.19 2.06 19.78 13.90 12.37 9.72
Calvert Global Water Research Index3 2.06 5.19 2.06 19.78
S-Network Global Water Index4 0.60 3.67 0.60 19.00 13.31 12.02 9.54
12/31/2017
Fund at NAV 0.01 3.79 17.92 17.92 4.95 7.11 6.64
Fund w/Max Sales Charge -0.98 2.79 16.92 16.92 4.95 7.11 6.64
MSCI All Country World Index1 1.61 5.73 23.97 23.97 9.29 10.79 8.43
Calvert Global Water Research Spliced Benchmark2 0.51 4.65 20.52 20.52 12.33 13.13 9.57
Calvert Global Water Research Index3 0.51 4.65 20.52 20.52
S-Network Global Water Index4 -0.11 5.39 20.75 20.75 12.29 13.10 9.56
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 09/30/2008
Investment Objective Track performance of the Calvert Global Water Research Index
Total Net Assets $479.4M
Minimum Investment $1000
Expense Ratio (Gross)5 2.17%
Expense Ratio (Net)5,6 2.03%
CUSIP 13161P789

Top 10 Holdings (%)7,8 as of Dec 31, 2017

American Water Works Co Inc
Veolia Environnement SA
Aqua America Inc
United Utilities Group PLC
Pennon Group PLC
Aguas Andinas SA
Geberit AG
Suez
Beijing Enterprises Water Group Ltd
Ferguson PLC
Total 13.60
 

Morningstar Rating™ as of Jan 31, 2018

Time Period Rating Funds in
Natural Resources
Category
Overall **** 127
3 Years *** 127
5 Years **** 116
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.
 

Percentages may not total 100% due to rounding. Portfolio characteristics exclude 3 securities in Calvert's High Impact Investments program, which represented 0.335% 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 risk: the market prices of stocks held by the Fund may fall. An index fund has operating expenses; a market index does not. Although expected to track its target index as closely as possible while satisfying its investment criteria, the Fund will not be able to match the performance of the index exactly. It is not possible to invest directly in an index. The Fund is subject to the risk that stocks that comprise the water-related sector may fall in value. The water industry can be significantly affected by a number of factors, including availability of water, the level of rainfall, water consumption, price and supply fluctuations, and government regulations and policies. A downturn in the water-related resource sector would impact the Fund more than a fund that does not concentrate in this industry, and the Fund therefore may be more volatile than a typical mutual fund. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. 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 Mo. YTD 1 Yr. 3 Yrs. 5 Yrs. Life of Fund
01/31/2018
Fund at NAV 1.90 4.34 1.90 17.39 7.75 6.82 6.79
Fund w/Max Sales Charge 0.90 3.34 0.90 16.39 7.75 6.82 6.79
MSCI All Country World Index1 5.64 9.42 5.64 27.48 11.89 11.01 8.99
Calvert Global Water Research Spliced Benchmark2 2.06 5.19 2.06 19.78 13.90 12.37 9.72
Calvert Global Water Research Index3 2.06 5.19 2.06 19.78
S-Network Global Water Index4 0.60 3.67 0.60 19.00 13.31 12.02 9.54
12/31/2017
Fund at NAV 0.01 3.79 17.92 17.92 4.95 7.11 6.64
Fund w/Max Sales Charge -0.98 2.79 16.92 16.92 4.95 7.11 6.64
MSCI All Country World Index1 1.61 5.73 23.97 23.97 9.29 10.79 8.43
Calvert Global Water Research Spliced Benchmark2 0.51 4.65 20.52 20.52 12.33 13.13 9.57
Calvert Global Water Research Index3 0.51 4.65 20.52 20.52
S-Network Global Water Index4 -0.11 5.39 20.75 20.75 12.29 13.10 9.56
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 27.47 12.51 -10.80 25.85 27.60 -4.43 -13.35 13.15 17.92
MSCI All Country World Index1 -42.19 34.63 12.67 -7.35 16.13 22.80 4.16 -2.36 7.86 23.97
Calvert Global Water Research Index3 20.52
S-Network Global Water Index4 -35.91 28.18 13.52 -12.04 20.72 27.62 2.43 -1.12 18.61 20.75
 

Fund Facts

Expense Ratio (Gross)5 2.17%
Expense Ratio (Net)5,6 2.03%
Class C Inception 09/30/2008
Distribution Frequency Annually

Risk Measures (3 Year)9,10 as of Jan 31, 2018

Alpha (%) -3.44
Beta 0.99
R-Squared (%) 74.16
Standard Deviation (%) 12.38
Sharpe Ratio 0.59
Medium 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
Natural Resources
Category
Overall **** 127
3 Years *** 127
5 Years **** 116
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 20, 2018 $18.45 -$0.08
Feb 16, 2018 $18.53 $0.05
Feb 15, 2018 $18.48 $0.18
Feb 14, 2018 $18.30 $0.26
Feb 13, 2018 $18.04 $0.00
Feb 12, 2018 $18.04 $0.16
Feb 09, 2018 $17.88 $0.07
Feb 08, 2018 $17.81 -$0.36
Feb 07, 2018 $18.17 -$0.13
Feb 06, 2018 $18.30 $0.03
 

Distribution History11

Ex-Date Distribution Reinvest NAV
Dec 21, 2017 $0.06240 $18.77
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 History11

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

Percentages may not total 100% due to rounding. Portfolio characteristics exclude 3 securities in Calvert's High Impact Investments program, which represented 0.335% 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 risk: the market prices of stocks held by the Fund may fall. An index fund has operating expenses; a market index does not. Although expected to track its target index as closely as possible while satisfying its investment criteria, the Fund will not be able to match the performance of the index exactly. It is not possible to invest directly in an index. The Fund is subject to the risk that stocks that comprise the water-related sector may fall in value. The water industry can be significantly affected by a number of factors, including availability of water, the level of rainfall, water consumption, price and supply fluctuations, and government regulations and policies. A downturn in the water-related resource sector would impact the Fund more than a fund that does not concentrate in this industry, and the Fund therefore may be more volatile than a typical mutual fund. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. 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 (%)8 as of Dec 31, 2017

Foreign Common Stocks 55.48
U.S. Common Stocks 44.10
Cash 0.42
Total 100.00

Portfolio Statistics as of Dec 31, 2017

Number of Holdings 115

Sector Breakdown (%)8 as of Dec 31, 2017

Sector Fund
Leader/Solution Providers 24.36
Water Infrastructure 25.48
Water Technology 24.67
Water Utilities 25.06
Cash 0.42
 

Assets by Country (%)8 as of Dec 31, 2017

United States 44.10
United Kingdom 8.01
Japan 6.36
Switzerland 6.23
France 5.64
China 4.91
Finland 4.17
Netherlands 2.83
Brazil 2.25
Chile 2.22
Total 100.00
View All

Geographic Mix (%)8 as of Dec 31, 2017

North America 44.96
Europe 30.54
Asia/Pacific 17.74
Latin America/Caribbean 4.81
Africa 0.80
Middle East 0.72
Cash & Other Assets 0.42
Total 100.00
 

Fund Holdings (%)8,12 as of Dec 31, 2017

Holding % of Net Assets
American Water Works Co Inc 1.50%
Veolia Environnement SA 1.49%
Aqua America Inc 1.40%
United Utilities Group PLC 1.39%
Pennon Group PLC 1.31%
Aguas Andinas SA 1.31%
Geberit AG 1.31%
Suez 1.30%
Beijing Enterprises Water Group Ltd 1.28%
Ferguson PLC 1.27%
View All

Percentages may not total 100% due to rounding. Portfolio characteristics exclude 3 securities in Calvert's High Impact Investments program, which represented 0.335% 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 risk: the market prices of stocks held by the Fund may fall. An index fund has operating expenses; a market index does not. Although expected to track its target index as closely as possible while satisfying its investment criteria, the Fund will not be able to match the performance of the index exactly. It is not possible to invest directly in an index. The Fund is subject to the risk that stocks that comprise the water-related sector may fall in value. The water industry can be significantly affected by a number of factors, including availability of water, the level of rainfall, water consumption, price and supply fluctuations, and government regulations and policies. A downturn in the water-related resource sector would impact the Fund more than a fund that does not concentrate in this industry, and the Fund therefore may be more volatile than a typical mutual fund. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. 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

Christopher Madden, CFA

Christopher Madden, CFA

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

Biography

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 2016

 
Jade Huang

Jade Huang

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

Biography

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 2016

 
Thomas Seto

Thomas Seto

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

Biography

Thomas Seto 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.

Tom began his career in the investment management industry in 1991. He has been affiliated with Parametric Portfolio Associates LLC, an investment adviser and majority-owned subsidiary of Eaton Vance, since 1998. Before joining Parametric, he served as the head of U.S. equity index investments at Barclays Global Investors.

Tom earned a B.S. in electrical engineering from the University of Washington and an MBA from the University of Chicago Booth School of Business.

Education
  • B.S. University of Washington
  • M.B.A Booth School of Business, University of Chicago

Experience
  • Managed Fund since 2016

 

Literature

Literature

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

XBRL

Download - Last updated: Feb 21, 2018