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.
 

Fund Facts as of Mar 31, 2019

Class R6 Inception 02/01/2019
Performance Inception 01/29/2019
Investment Objective Maximize income, to the extent consistent with preservation of capital
Total Net Assets $229.1M
Minimum Investment $1000000
Expense Ratio (Gross)4 0.64%
Expense Ratio (Net)4,5 0.43%
CUSIP 13161P680

Top 10 Holdings (%)6,7 as of Dec 31, 2018

Toyota Auto Receivables 2016-B Owner Trust 3.42
Tesla Auto Lease Trust 2018-A 2.84
Avangrid Inc 2.78
Bank of America Corp 2.78
Municipality Finance PLC 2.75
International Bank for Reconstruction & Development 2.43
Digital Realty Trust LP 2.22
Overseas Private Investment Corp 2.17
DBS Group Holdings Ltd 2.08
Toronto-Dominion Bank 2.03
Total 25.49
 

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 0.086% of the portfolio as of 12/31/2018. 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. Because the Fund invests primarily in green investments, the value of Fund shares may fluctuate more than that of a more broadly diversified fund. As interest rates rise, the value of certain income investments is likely to decline. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. While certain U.S. Government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. 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. In the event of a default by a sovereign entity, there are typically no assets to be seized or cash flows to be attached. 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.
 

Calendar Year Returns (%)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ICE BofAML Green Bond Index - Hedged USD1 6.14 4.93 -1.27 7.12 0.47 3.55 3.46 2.07
ICE BofAML 3-Month U.S. Treasury Bill Index2 0.21 0.13 0.10 0.11 0.07 0.03 0.05 0.33 0.86 1.87
Bloomberg Barclays 1-3 Month U.S. Treasury Bill Index3 0.15 0.13 0.07 0.08 0.05 0.02 0.03 0.26 0.82 1.82
 

Fund Facts

Expense Ratio (Gross)4 0.64%
Expense Ratio (Net)4,5 0.43%
Class R6 Inception 02/01/2019
Performance Inception 01/29/2019
Distribution Frequency Monthly

Yield Information9 as of Mar 31, 2019

Distribution Rate at NAV
Subsidized SEC 30-day Yield 2.51%
Unsubsidized SEC 30-day Yield 2.23%
 

NAV History

Date NAV NAV Change
Apr 18, 2019 $15.22 $0.02
Apr 17, 2019 $15.20 $0.00
Apr 16, 2019 $15.20 -$0.02
Apr 15, 2019 $15.22 $0.01
Apr 12, 2019 $15.21 -$0.03
Apr 11, 2019 $15.24 -$0.01
Apr 10, 2019 $15.25 $0.01
Apr 09, 2019 $15.24 $0.02
Apr 08, 2019 $15.22 -$0.01
Apr 05, 2019 $15.23 $0.00
 

Distribution History10

Ex-Date Distribution Reinvest NAV
Mar 29, 2019 $0.03269 $15.27
Feb 28, 2019 $0.02924 $15.05
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 History10

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 1 security in Calvert's High Impact Investments program, which represented 0.086% of the portfolio as of 12/31/2018. 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. Because the Fund invests primarily in green investments, the value of Fund shares may fluctuate more than that of a more broadly diversified fund. As interest rates rise, the value of certain income investments is likely to decline. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. While certain U.S. Government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. 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. In the event of a default by a sovereign entity, there are typically no assets to be seized or cash flows to be attached. 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 (%)7 as of Dec 31, 2018

Portfolio Statistics as of Dec 31, 2018

Number of Holdings 100
Effective Duration 4.88 yrs.
Average Effective Maturity 6.82 yrs.
 

Credit Quality (%)11 as of Dec 31, 2018

AAA 45.28
AA 22.13
A 10.28
BBB 14.45
BB 4.35
Not Rated 3.51
Total 100.00
Ratings are based on Moody's, S&P or Fitch, as applicable. If securities are rated differently by the ratings agencies, the highest rating is applied. Ratings, which are subject to change, apply to the creditworthiness of the issuers of the underlying securities and not to the Fund or its shares. Credit ratings measure the quality of a bond based on the issuer's creditworthiness, with ratings ranging from AAA, being the highest, to D, being the lowest based on S&P's measures. Ratings of BBB or higher by S&P or Fitch (Baa or higher by Moody's) are considered to be investment-grade quality. Credit ratings are based largely on the ratings agency's analysis at the time of rating. The rating assigned to any particular security is not necessarily a reflection of the issuer's current financial condition and does not necessarily reflect its assessment of the volatility of a security's market value or of the liquidity of an investment in the security. Holdings designated as "Not Rated" are not rated by the national ratings agencies stated above.

Currency Exposure vs. Benchmark (%)12,13 as of Dec 31, 2018

Currency Fund ICE BofAML Green Bond
Index - Hedged USD1
USD 95.11 27.50
EUR 2.25 61.21
CAD 1.74 2.86
AUD 0.82 2.77
BRL 0.02
CNH 0.10
GBP 2.05
HKD 0.19
IDR 0.06
View All
 

Assets by Country (%)12 as of Dec 31, 2018

United States 66.00
Canada 4.91
Germany 3.92
Finland 3.17
Netherlands 2.93
Philippines 2.87
Sweden 2.86
Luxembourg 2.11
Singapore 2.08
Other 3.23
View All
 

Fund Holdings7,14 as of Feb 28, 2019

Holding Coupon Rate Maturity Date % of Net Assets
Toyota Auto Receivables 2016-B Owner Trust 1.52% 08/16/2021 3.28%
United States Dollar 2.94%
Avangrid Inc 3.15% 12/01/2024 2.90%
Bank of America Corp 3.50% 05/17/2022 2.38%
Municipality Finance PLC 1.38% 09/21/2021 2.33%
Commonwealth of Massachusetts 3.28% 06/01/2046 2.08%
Tesla Auto Lease Trust 2018-A 2.32% 12/20/2019 2.07%
International Bank for Reconstruction & Development 3.13% 11/20/2025 2.06%
French Republic Government Bond OAT 1.75% 06/25/2039 2.06%
Toronto-Dominion Bank 1.85% 09/11/2020 1.92%
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 0.086% of the portfolio as of 12/31/2018. 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. Because the Fund invests primarily in green investments, the value of Fund shares may fluctuate more than that of a more broadly diversified fund. As interest rates rise, the value of certain income investments is likely to decline. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. U.S. Treasury securities generally have a lower return than other obligations because of their higher credit quality and market liquidity. While certain U.S. Government-sponsored agencies may be chartered or sponsored by acts of Congress, their securities are neither issued nor guaranteed by the U.S. Treasury. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. 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. In the event of a default by a sovereign entity, there are typically no assets to be seized or cash flows to be attached. 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

Vishal Khanduja, CFA

Vishal Khanduja, CFA

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

Biography

Vishal Khanduja 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.

Vishal began his career in the investment management industry in 2005. He has been affiliated with the Eaton Vance organization since 2016. Before joining the Eaton Vance organization, he was a senior vice president, portfolio manager and head of taxable fixed income for Calvert Investments. Previously, he was a vice president and portfolio manager at Columbia Threadneedle and associate director of fixed-income analytics at Galliard Capital.

Vishal earned a bachelor of engineering from VJTI, Mumbai, India and an MBA from the Tippie School of Management at the University of Iowa. He is a member of the CFA Institute and the CFA Society of Boston. He is a CFA charterholder.

Education
  • B.Eng., Veermata Jijabai Technological Institute, Mumbai
  • M.B.A., Tippie School of Management, University of Iowa

Experience
  • Managed Fund since inception

 
Brian S. Ellis, CFA

Brian S. Ellis, CFA

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

Biography

Brian Ellis 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.

Brian began his career in the investment management industry in 2006. He has been affiliated with the Eaton Vance organization since 2016. Before joining the Eaton Vance organization, he was a portfolio manager of fixed-income strategies for Calvert Investments. Previously, he was a software engineer and analyst at Legg Mason Capital Management (now ClearBridge Investments).

Brian earned a B.S. in finance from Salisbury University. He is a CFA charterholder and an FSA credential holder. He is a member of the CFA Institute and the CFA Society of Boston.

Education
  • B.S., Salisbury University

Experience
  • Managed Fund since 2015

 

Literature

Literature

Fact Sheet

Download - Last updated: Dec 31, 2018

Commentary

Download - Last updated: Dec 31, 2018

Annual Report

Download - Last updated: Sep 30, 2018

Full Prospectus

Download - Last updated: Feb 1, 2019

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