Overview

Historical Returns (%) as of Sep 30, 2024

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. The share class has no sales charge.
 

Fund Facts as of Sep 30, 2024

Class I Inception 06/19/2015
Investment Objective Track performance of the Calvert US Large-Cap Value Responsible Index
Total Net Assets $1.9B
Minimum Investment $1000000
Expense Ratio (Gross)3 0.38%
Expense Ratio (Net)3,4 0.24%
CUSIP 13162A708

Top 10 Holdings (%)5,6 as of Jun 30, 2024

JPMorgan Chase & Co 3.90
Bank of America Corp 1.93
Walmart Inc 1.83
Wells Fargo & Co 1.49
Procter & Gamble Co 1.30
Verizon Communications Inc 1.28
Cisco Systems Inc 1.24
International Business Machines Corp 1.19
Pfizer Inc 1.18
Comcast Corp 1.14
Total 16.48
 

Percentages may not total 100% due to rounding.

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 Fund's performance may not match or correlate to that of its Index, either on a daily or aggregate basis due to factors such as Fund expenses, imperfect correlation, rounding of share prices, changes to the composition of the Index, regulatory policies, high portfolio turnover and the use of leverage (if any). The Fund expects to hold the common stock of each company in the index it is designed to track, regardless of market conditions or individual investment performance, which could cause the Fund to underperform funds that employ an active strategy. The value of equity securities is sensitive to stock market volatility. Investing primarily in value stocks of large-cap companies may cause the Fund to underperform the overall stock market during periods in which such stocks are out of favor. 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.

See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.


Performance

Historical Returns (%) as of Sep 30, 2024

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. The share class has no sales charge.
 

Calendar Year Returns (%)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund at NAV 17.21 15.15 -10.06 29.38 9.03 24.34 -11.66 9.82
Russell 1000® Value Index1 13.45 -3.83 17.34 13.66 -8.27 26.54 2.80 25.16 -7.54 11.46
Calvert US Large-Cap Value Responsible Index2 17.74 15.72 -10.26 29.90 9.00 24.90 -11.46 10.00
 

Fund Facts

Class I Inception 06/19/2015
Expense Ratio (Gross)3 0.38%
Expense Ratio (Net)3,4 0.24%
Distribution Frequency Annually

Risk Measures (3 Year)8 as of Sep 30, 2024

Alpha (%) -2.63
Beta 1.05
R-Squared (%) 97.19
Standard Deviation (%) 17.79
Sharpe Ratio 0.17
 

Morningstar Rating™ as of Sep 30, 2024

Time Period Rating Funds in
Large Value
Category
Overall 1085
3 Years 1085
5 Years 1031
10 Years 804
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. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses.

©2024 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
Oct 08, 2024 $34.06 $0.11
Oct 07, 2024 $33.95 -$0.26
Oct 04, 2024 $34.21 $0.28
Oct 03, 2024 $33.93 -$0.18
Oct 02, 2024 $34.11 -$0.10
Oct 01, 2024 $34.21 -$0.22
Sep 30, 2024 $34.43 $0.09
Sep 27, 2024 $34.34 $0.10
Sep 26, 2024 $34.24 $0.22
Sep 25, 2024 $34.02 -$0.18
 

Distribution History9

Ex-Date Distribution Reinvest NAV
Dec 14, 2023 $0.61510 $29.50
Dec 15, 2022 $0.55670 $27.62
Dec 06, 2021 $0.44690 $30.83
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
Dec 06, 2021 $0.53010 $0.35240 $30.83
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.

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 Fund's performance may not match or correlate to that of its Index, either on a daily or aggregate basis due to factors such as Fund expenses, imperfect correlation, rounding of share prices, changes to the composition of the Index, regulatory policies, high portfolio turnover and the use of leverage (if any). The Fund expects to hold the common stock of each company in the index it is designed to track, regardless of market conditions or individual investment performance, which could cause the Fund to underperform funds that employ an active strategy. The value of equity securities is sensitive to stock market volatility. Investing primarily in value stocks of large-cap companies may cause the Fund to underperform the overall stock market during periods in which such stocks are out of favor. 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.

See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.


Portfolio

Asset Mix (%)6 as of Jun 30, 2024

Portfolio Statistics as of Jun 30, 2024

Number of Holdings 537
Countries Represented 6
 

GICS Sector Breakdown (%)6 as of Jun 30, 2024

Assets by Country (%)6 as of Jun 30, 2024

United States 99.47
United Kingdom 0.13
Bermuda 0.12
Ireland 0.07
Puerto Rico 0.06
Sweden 0.06
Jersey 0.06
Cash & Other Assets 0.03
Total 100.00
 

Fund Holdings (%)6,10 as of Aug 31, 2024

Holding % of Net Assets
JPMorgan Chase & Co 4.00%
Walmart Inc 1.93%
Bank of America Corp 1.82%
Wells Fargo & Co 1.35%
International Business Machines Corp 1.28%
Procter & Gamble Co 1.25%
Cisco Systems Inc 1.21%
Verizon Communications Inc 1.19%
Goldman Sachs Group Inc 1.13%
Pfizer Inc 1.12%
View All

Percentages may not total 100% due to rounding.

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 Fund's performance may not match or correlate to that of its Index, either on a daily or aggregate basis due to factors such as Fund expenses, imperfect correlation, rounding of share prices, changes to the composition of the Index, regulatory policies, high portfolio turnover and the use of leverage (if any). The Fund expects to hold the common stock of each company in the index it is designed to track, regardless of market conditions or individual investment performance, which could cause the Fund to underperform funds that employ an active strategy. The value of equity securities is sensitive to stock market volatility. Investing primarily in value stocks of large-cap companies may cause the Fund to underperform the overall stock market during periods in which such stocks are out of favor. 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.

See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.


Management

Thomas C. Seto

Thomas C. Seto

Managing Director

Biography

Tom is a managing director and head of investment management at Parametric Portfolio Associates LLC. He leads Parametric's portfolio management and trading functions for the firm's equity strategies. He is also a vice president and portfolio manager for Calvert Research and Management. He joined Parametric in 1998.

Tom began his career in the investment management industry in 1991. 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

 

Jennifer Mihara

Managing Director, Portfolio Manager
Joined Parametric Portfolio Associates 2005

Biography

Jennifer is responsible for leading the Centralized Portfolio Management (CPM) Team. Prior to her current role, Jennifer was a supervisor on the Large Case Custom Core Portfolio Management Team, primarily serving Parametric's wealth management, family office, and institutional client base. Before joining Parametric in 2005, Jennifer was an investment associate at Merrill Lynch for five years.

She earned a BA in economics and a minor in mathematics from Colgate University.

Education
  • B.A. Colgate University

Experience
  • Managed Fund since 2024

 

Gordon Wotherspoon

Managing Director
Joined Parametric Portfolio Associates 2004

Biography

Gordon is currently Managing Director, Advisor Channel Portfolio management for Parametric and is responsible for overseeing portfolio management of the Custom Core Equity product for the firm's brokerage and bank-sponsored channels.

Prior to joining Parametric in 2004, he led the investment manager due diligence effort for an institutional investment consulting group within UBS Financial Services.

He earned an MBA and a BS in economics from the University of Washington.

Education
  • B.S. University of Washington
  • M.B.A. University of Washington

Experience
  • Managed Fund since 2024

 

Literature

Literature

Fact Sheet

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Annual Financial Statements and Add'l Information

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Semi-Annual Financial Statements and Add'l Information

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Commentary

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Attribution

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Annual Report

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Estimated Year-End Distributions

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Full Prospectus

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Q1 Holdings

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Q3 Holdings

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Holdings - Form N-PORT

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Semi-Annual Report

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Summary Prospectus

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