Overview

Historical Returns (%) as of Dec 31, 2022

02/28/202312/31/2022
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 Feb 28, 2023

Class R6 Inception 03/07/2019
Performance Inception 07/02/1992
Investment Objective Total return
Total Net Assets $900.6M
Minimum Investment $5000000
Expense Ratio (Gross)2,3 0.92%
Expense Ratio (Net)2,3 0.85%
CUSIP 131649741

Top 10 Holdings (%)4,5 as of Dec 31, 2022

Nestle SA 6.17
Iberdrola SA 3.77
Sanofi 3.77
Novo Nordisk A/S 3.61
AstraZeneca PLC 3.53
AIA Group Ltd 3.51
RELX PLC 3.43
Reckitt Benckiser Group PLC 3.30
DBS Group Holdings Ltd 3.25
Compass Group PLC 3.07
Total 37.40
 

Portfolio Management

Christopher M. Dyer, CFA Managed Fund since 2016
Ian Kirwan Managed Fund since 2016

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Portfolio characteristics exclude 7 securities in Calvert's Special Equities program, which represent 0.162% of the Fund's portfolio and 1 security in Calvert's High Impact Investments program, which represented 0.101% of the Fund's portfolio, both as of 12/31/2022. The Special Equities program enables the Fund to promote approaches to responsible investment goals through privately placed investments. High Social Impact Investments are investments that, in Calvert'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.

RISK CONSIDERATIONS 

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. 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. 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. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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.


1. MSCI EAFE Index is an unmanaged index of equities in the developed markets, excluding the U.S. and Canada. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund. MSCI indexes are net of foreign withholding taxes. Source: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI provides no warranties, has not prepared or approved this report, and has no liability hereunder.
2. Source: Fund prospectus.
3. Net Expense Ratio reflects a contractual expense reimbursement that continues through 1/31/23. Without the reimbursement, if applicable, performance would have been lower.
4. Top 10 Holdings excludes cash and equivalents.
5. Percent of total net assets.

Performance

Historical Returns (%) as of Dec 31, 2022

02/28/202312/31/2022
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 (%)

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Fund at NAV — — — — — — 31.11 18.00 12.30 -18.95
MSCI EAFE Index1 22.78 -4.90 -0.81 1.00 25.03 -13.79 22.01 7.82 11.26 -14.45
 

Fund Facts

Expense Ratio (Gross)2,3 0.92%
Expense Ratio (Net)2,3 0.85%
Class R6 Inception 03/07/2019
Performance Inception 07/02/1992
Distribution Frequency Annually

Risk Measures (3 Year)7 as of Feb 28, 2023

Alpha (%) -0.34
Beta 1.03
Information Ratio -0.06
R-Squared (%) 95.69
Standard Deviation (%) 21.10
Sharpe Ratio 0.27
 

NAV History

Date NAV NAV Change
Mar 31, 2023 $22.85 $0.09
Mar 30, 2023 $22.76 $0.21
Mar 29, 2023 $22.55 $0.30
Mar 28, 2023 $22.25 $0.03
Mar 27, 2023 $22.22 $0.15
Mar 24, 2023 $22.07 -$0.09
Mar 23, 2023 $22.16 $0.11
Mar 22, 2023 $22.05 $0.03
Mar 21, 2023 $22.02 $0.28
Mar 20, 2023 $21.74 $0.25
 

Distribution History8

Ex-Date Distribution Reinvest NAV
Dec 22, 2022 $0.24690 $20.70
Dec 21, 2021 $0.31230 $25.44
Dec 23, 2020 $0.12460 $24.49
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 History8

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 22, 2022 $0.03580 $0.25440 $20.70
Dec 21, 2021 $1.12040 $0.25140 $25.44
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 7 securities in Calvert's Special Equities program, which represent 0.162% of the Fund's portfolio and 1 security in Calvert's High Impact Investments program, which represented 0.101% of the Fund's portfolio, both as of 12/31/2022. The Special Equities program enables the Fund to promote approaches to responsible investment goals through privately placed investments. High Social Impact Investments are investments that, in Calvert'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.

RISK CONSIDERATIONS 

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. 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. 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. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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.


1. MSCI EAFE Index is an unmanaged index of equities in the developed markets, excluding the U.S. and Canada. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund. MSCI indexes are net of foreign withholding taxes. Source: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI provides no warranties, has not prepared or approved this report, and has no liability hereunder.
2. Source: Fund prospectus.
3. Net Expense Ratio reflects a contractual expense reimbursement that continues through 1/31/23. Without the reimbursement, if applicable, performance would have been lower.
6. The Morningstar Foreign Large Growth Category includes funds that invest primarily in stocks located in non-U.S. developed countries (generally 20% or less held in U.S.) with growth characteristics such as high earnings growth and high price ratios.
7. Alpha measures risk-adjusted performance, showing excess return delivered at the same risk level as the benchmark. Beta measures the volatility of a fund relative to the overall market. R-Squared represents the percentage of the portfolio's movement that can be explained by the general movement of the market. Standard deviation measures the historic volatility of a fund. Sharpe Ratio uses standard deviation and excess return to determine reward per unit of risk.
8. A portion of the Fund's returns may be comprised of return of capital or short term capital gains. The Fund will determine the tax characteristics of all Fund distributions after the end of the calendar year and will provide shareholders such information at that time. Please consult your tax advisor for further information.

Portfolio

Asset Mix (%)5 as of Dec 31, 2022

Portfolio Statistics as of Dec 31, 2022

Number of Holdings 42
 

GICS Sector Breakdown (%)5 as of Dec 31, 2022

Assets by Country (%)5 as of Dec 31, 2022

United Kingdom 26.32
France 12.08
Japan 9.96
Switzerland 9.69
Spain 5.58
Sweden 5.19
Germany 4.36
Netherlands 4.36
Denmark 3.61
Hong Kong 3.51
Total 100.00
View All
 

Geographic Mix (%)5 as of Dec 31, 2022

Europe 73.56
Asia/Pacific 21.87
North America 3.06
Africa 1.06
Cash & Other Assets 0.45
Total 100.00
 

Fund Holdings (%)5,9 as of Jan 31, 2023

Holding % of Net Assets
Nestle SA 5.95%
Sanofi 3.49%
Iberdrola SA 3.44%
AIA Group Ltd 3.28%
CSL Ltd 3.26%
DBS Group Holdings Ltd 3.25%
Novo Nordisk A/S 3.19%
ASML Holding NV 3.16%
AstraZeneca PLC 3.15%
Reckitt Benckiser Group PLC 3.13%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding. Portfolio characteristics exclude 7 securities in Calvert's Special Equities program, which represent 0.162% of the Fund's portfolio and 1 security in Calvert's High Impact Investments program, which represented 0.101% of the Fund's portfolio, both as of 12/31/2022. The Special Equities program enables the Fund to promote approaches to responsible investment goals through privately placed investments. High Social Impact Investments are investments that, in Calvert'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.

RISK CONSIDERATIONS 

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. 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. 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. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. 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.


1. MSCI EAFE Index is an unmanaged index of equities in the developed markets, excluding the U.S. and Canada. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund. MSCI indexes are net of foreign withholding taxes. Source: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI provides no warranties, has not prepared or approved this report, and has no liability hereunder.
5. Percent of total net assets.
9. The following list reflects unaudited securities holdings (excluding derivatives positions). Holdings information may differ if presented as of trade date. Due to rounding, holdings of less than 0.005% may show as 0.00%. Portfolio information subject to change due to active management.

Management

Christopher M. Dyer, CFA

Christopher M. Dyer, CFA

Managing Director, Head of Global Equities
Joined Eaton Vance 2015

Biography

Chris is a managing director of Morgan Stanley. He is Head of the Eaton Vance Global Equity team and a portfolio manager for global and international equity portfolios. He is also a portfolio manager for Calvert Research and Management global and international equity portfolios. He joined Eaton Vance in 2015. Morgan Stanley acquired Eaton Vance in March 2021.

Chris began his career in the financial services industry in 1995. Before joining Eaton Vance, he was managing director and head of European equity for Goldman Sachs Asset Management (GSAM), where he was affiliated since 2001.

Chris earned a B.S., cum laude, from Georgetown University and an MBA from The Wharton School, University of Pennsylvania. He is a CFA charterholder.

Education
  • B.S. Georgetown University
  • M.B.A. The Wharton School, University of Pennsylvania

Experience
  • Managed Fund since 2016

 

Ian Kirwan

Managing Director, Portfolio Manager, Analyst
Joined Eaton Vance 2015

Biography

Ian is a managing director of Morgan Stanley. He is a portfolio manager and an analyst on the Eaton Vance Global Equity team. He is also a portfolio manager for Calvert Research and Management global and international equity portfolios. He is responsible for coverage of industrials, automotive, and metals and mining for global portfolios. He joined Eaton Vance in 2015. Morgan Stanley acquired Eaton Vance in March 2021.

Ian began his career in the investment management industry in 1997. Before joining Eaton Vance, he was head of industrials for the Qatar Investment Authority. He was previously affiliated with Lazard Asset Management, AllianceBernstein and Schroder Investment Management.

Ian graduated from Wesley College in Dublin and earned a B.A. in economics from Trinity College in Dublin.

Education
  • B.A. Trinity College, Dublin

Experience
  • Managed Fund since 2016

 

Literature

Literature

Fact Sheet

Download Fact Sheet - Last updated: Dec 31, 2022

Commentary

Download Commentary - Last updated: Dec 31, 2022

Annual Report

Download Annual Report - Last updated: Sep 30, 2022

Full Prospectus

Download Full Prospectus - Last updated: Feb 1, 2023

Q1 Holdings

Download Q1 Holdings - Last updated: Dec 31, 2022

Q3 Holdings

Download Q3 Holdings - Last updated: Jun 30, 2022

SAI

Download SAI - Last updated: Feb 1, 2023

Semi-Annual Report

Download Semi-Annual Report - Last updated: Mar 31, 2022

Summary Prospectus

Download Summary Prospectus - Last updated: Feb 1, 2023