Calvert Equity Fund
Name
As of 09/22/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.8%
1 yr return
12.3%
3 Yr Avg Return
6.8%
5 Yr Avg Return
12.0%
Net Assets
$6.99 B
Holdings in Top 10
40.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.65%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 13.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/22/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CSECX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return 6.8%
- 5 Yr Annualized Total Return 12.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.81%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameCalvert Equity Fund
-
Fund Family NameCalvert Investments
-
Inception DateMay 16, 1997
-
Shares Outstanding3759990
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoseph Hudepohl
Fund Description
The Fund normally invests at least 80% of its net assets, including borrowings for investment purposes, in equity securities (common stock) (the “80% Policy”). The Fund will normally invest in common stocks of companies having market capitalizations that rank among the top 1,000 U.S. listed companies. The Fund may invest up to 25% of its assets in U.S. dollar-denominated securities of foreign companies that trade on U.S. exchanges or in the over-the-counter market (including depositary receipts which evidence ownership in underlying foreign stocks). The Fund may invest in mid-cap stocks and in publicly traded real estate investment trusts (“REITs”). The Fund may also lend its securities.
Through investment in high quality companies, portfolio management seeks to build a portfolio that may participate in rising markets while minimizing participation in declining markets. Quality is determined by analysis of a company’s financial statements and is measured by a company’s demonstrated ability to consistently grow earnings over the long-term. High quality companies typically have strong balance sheets, sustainable cash flow, enduring competitive advantages, long product cycles, and stable demand over a business cycle, among other characteristics. The portfolio managers may utilize “financial quality rankings” provided by nationally recognized rating services as additional information.
The portfolio managers are responsible for fundamental analysis and security selection, incorporating environmental, social and governance (“ESG”) information provided by ESG analysts at CRM. The portfolio managers typically favor high quality companies they believe have sustainable above-average earnings growth potential and are trading below intrinsic value. Sustainable earnings growth potential is determined by fundamental analysis of a company’s financial trends and management; products and services; industry position and conditions; and other factors. Further, the portfolio managers seek to invest in companies that manage ESG risk exposures adequately and that are not exposed to excessive ESG risk through their principal business activities. Companies are analyzed by CRM’s ESG analysts utilizing The Calvert Principles for Responsible Investment (the “Principles”), a framework for considering ESG factors (a copy of which is Included as an appendix to the Fund’s Prospectus). Each company is evaluated relative to an appropriate peer group based on material ESG factors as determined by CRM. The Fund generally invests in issuers that are believed by CRM to operate in accordance with the Principles and may also invest in issuers that CRM believes are likely to operate in accordance with the Principles pending CRM’s engagement activity with such issuer. The portfolio managers seek to manage individual security risk through analysis of each security’s risk/reward potential and to manage portfolio risk by constructing a diversified portfolio of what they believe to be attractively valued growth companies. The portfolio managers may sell a security when its fundamentals deteriorate, when its valuation is no longer attractive, or when other securities are identified to displace a current holding.
CSECX - Performance
Return Ranking - Trailing
| Period | CSECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -72.2% | 44.2% | 98.08% |
| 1 Yr | 12.3% | -85.9% | 53.2% | 93.49% |
| 3 Yr | 6.8%* | -50.5% | 11.5% | 68.29% |
| 5 Yr | 12.0%* | -33.6% | 19.6% | 54.68% |
| 10 Yr | 12.4%* | -16.2% | 17.8% | 65.67% |
* Annualized
Return Ranking - Calendar
| Period | CSECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -23.4% | -85.9% | 4.7% | 9.23% |
| 2021 | 19.4% | -68.3% | 60.5% | 16.78% |
| 2020 | 17.6% | -34.3% | 145.0% | 76.59% |
| 2019 | 28.5% | -21.8% | 49.4% | 26.32% |
| 2018 | -8.8% | -57.9% | 10.6% | 36.98% |
Total Return Ranking - Trailing
| Period | CSECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -72.2% | 44.2% | 98.08% |
| 1 Yr | 12.3% | -73.8% | 56.7% | 93.49% |
| 3 Yr | 6.8%* | -36.2% | 25.6% | 68.29% |
| 5 Yr | 12.0%* | -20.0% | 23.1% | 54.68% |
| 10 Yr | 12.4%* | -3.0% | 19.6% | 65.67% |
* Annualized
Total Return Ranking - Calendar
| Period | CSECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -18.2% | -66.1% | 5.6% | 11.60% |
| 2021 | 28.0% | -68.3% | 118.1% | 56.25% |
| 2020 | 23.3% | 2.8% | 151.8% | 89.90% |
| 2019 | 42.4% | -5.2% | 49.4% | 13.72% |
| 2018 | 4.3% | -21.9% | 17.0% | 7.84% |
NAV & Total Return History
CSECX - Holdings
Concentration Analysis
| CSECX | Category Low | Category High | CSECX % Rank | |
|---|---|---|---|---|
| Net Assets | 6.99 B | 207 K | 139 B | 22.12% |
| Number of Holdings | 75 | 2 | 3509 | 37.35% |
| Net Assets in Top 10 | 2.83 B | -1.37 M | 104 B | 24.65% |
| Weighting of Top 10 | 40.69% | 11.4% | 100.0% | 78.65% |
Top 10 Holdings
- Mastercard Inc 4.76%
- Visa Inc 4.69%
- Microsoft Corp 4.67%
- Danaher Corp 4.65%
- Alphabet Inc 4.44%
- Thermo Fisher Scientific Inc 3.86%
- TJX Cos Inc/The 3.85%
- Zoetis Inc 3.43%
- Verisk Analytics Inc 3.40%
- SP Global Inc 2.94%
Asset Allocation
| Weighting | Return Low | Return High | CSECX % Rank | |
|---|---|---|---|---|
| Stocks | 97.46% | 50.26% | 104.50% | 72.24% |
| Cash | 2.42% | -10.83% | 49.73% | 29.65% |
| Bonds | 0.11% | -1.84% | 25.77% | 8.03% |
| Preferred Stocks | 0.01% | 0.00% | 4.41% | 18.67% |
| Other | 0.00% | -2.66% | 17.15% | 35.54% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 13.95% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CSECX % Rank | |
|---|---|---|---|---|
| Financial Services | 22.19% | 0.00% | 43.06% | 3.12% |
| Technology | 20.19% | 0.00% | 65.70% | 94.42% |
| Healthcare | 14.91% | 0.00% | 39.76% | 28.96% |
| Consumer Cyclical | 10.19% | 0.00% | 62.57% | 84.25% |
| Industrials | 7.67% | 0.00% | 30.65% | 30.19% |
| Consumer Defense | 7.30% | 0.00% | 25.50% | 10.66% |
| Basic Materials | 6.91% | 0.00% | 18.91% | 3.20% |
| Communication Services | 5.94% | 0.00% | 66.40% | 84.17% |
| Real Estate | 4.70% | 0.00% | 16.05% | 6.07% |
| Utilities | 0.00% | 0.00% | 16.07% | 37.49% |
| Energy | 0.00% | 0.00% | 41.09% | 58.24% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CSECX % Rank | |
|---|---|---|---|---|
| US | 97.45% | 34.69% | 100.00% | 57.00% |
| Non US | 0.00% | 0.00% | 54.22% | 36.61% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CSECX % Rank | |
|---|---|---|---|---|
| Corporate | 5.50% | 0.00% | 100.00% | 9.08% |
| Cash & Equivalents | 2.38% | 0.00% | 100.00% | 30.08% |
| Derivative | 0.00% | 0.00% | 82.03% | 22.62% |
| Securitized | 0.00% | 0.00% | 43.70% | 9.25% |
| Municipal | 0.00% | 0.00% | 0.57% | 9.25% |
| Government | 0.00% | 0.00% | 12.45% | 10.20% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CSECX % Rank | |
|---|---|---|---|---|
| US | 0.11% | -1.84% | 21.29% | 7.94% |
| Non US | 0.00% | 0.00% | 4.48% | 8.85% |
CSECX - Expenses
Operational Fees
| CSECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.65% | 0.01% | 20.29% | 14.81% |
| Management Fee | 0.55% | 0.00% | 1.50% | 32.57% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 81.58% |
| Administrative Fee | 0.12% | 0.00% | 1.02% | 59.59% |
Sales Fees
| CSECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 16.31% |
Trading Fees
| CSECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 16.18% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CSECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 13.00% | 0.00% | 316.74% | 14.37% |
CSECX - Distributions
Dividend Yield Analysis
| CSECX | Category Low | Category High | CSECX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.52% | 22.29% |
Dividend Distribution Analysis
| CSECX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| CSECX | Category Low | Category High | CSECX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.81% | -6.13% | 1.75% | 80.82% |
Capital Gain Distribution Analysis
| CSECX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 03, 2019 | $1.545 | OrdinaryDividend |
| Dec 30, 2015 | $0.026 | OrdinaryDividend |
CSECX - Fund Manager Analysis
Managers
Joseph Hudepohl
Start Date
Tenure
Tenure Rank
Jun 16, 2015
6.96
7.0%
Joseph Hudepohl is a managing director and principal of Atlanta Capital Management Company, LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He serves as a portfolio manager on the firm's growth equity team. He joined Atlanta Capital in 2015. Joe began his career in the investment management industry in 1997. Prior to joining Atlanta Capital, he was affiliated with Logan Circle Partners LP, a division of Fortress Investment Group LLC, as a portfolio manager and with Goldman Sachs Asset Management in Tampa, Florida. Joe earned a B.A. in economics from Stanford University. He is a former member of the U.S. National Swim Team and a three-time Olympic medalist. Joe is a CFA charterholder.
Lance Garrison
Start Date
Tenure
Tenure Rank
Jun 16, 2015
6.96
7.0%
Lance Garrison is a vice president and principal of Atlanta Capital Management Company, LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He serves as a portfolio manager on the firm's growth equity team. He joined Atlanta Capital in 2007. Lance began his career in the investment management industry in 2000. Prior to joining Atlanta Capital, he worked at Standard & Poor's Corporate Value Consulting and Wellington Management Company. Lance earned a B.S. from the University of Florida and an MBA from Northwestern University. He is a CFA charterholder and a Chartered SRI Counselor. Lance holds the Fundamentals of Sustainability Accounting (FSA) credential and is a subject matter expert with the Sustainability Accounting Standards Board (SASB). Additionally, he serves on the SASB Standards Advisory Group advising on matters of implementation and emerging issues that should be considered in the standards development process.
Jeffrey Miller
Start Date
Tenure
Tenure Rank
Jun 16, 2015
6.96
7.0%
Jeff A. Miller, CFA is a Vice President and Principal of the firm. He serves as a portfolio manager for Atlanta Capital's High Quality Growth Plus, Focused Growth, and Calvert Equity portfolios. Prior to joining the firm in 2014, Mr. Miller was a Research Analyst at Crawford Investment Counsel and had been with the firm since 2011. Mr. Miller was responsible for equity research and served on the Equity Investment Team. Prior to joining Crawford Investment Counsel, Mr. Miller was a Senior Vice President, member of the Investment Policy Committee and Global Technology Analyst for Institutional Capital (ICAP). Mr. Miller is a graduate of Southern Methodist University where he earned a Bachelor of Business Administration in Finance. He obtained his MBA from Loyola University Chicago and holds the Chartered Financial Analyst designation. Additionally, Mr. Miller holds the Fundamentals of Sustainability Accounting (FSA) Credential issued by the Sustainability Accounting Standards Board (SASB).
Robert Walton
Start Date
Tenure
Tenure Rank
Jun 16, 2015
6.96
7.0%
Robert Walton is a vice president and principal of Atlanta Capital Management Company, LLC, an investment adviser and majority-owned subsidiary of Eaton Vance Corp. He serves as a portfolio manager on the firm's growth equity team. He joined Atlanta Capital in 1999. Rob began his career in the investment management industry in 1994. Prior to joining Atlanta Capital, he was an equity research analyst at The Robinson-Humphrey Company, where he was responsible for the insurance and industrial growth industries. Rob earned a B.A. with a dual concentration in economics and political science from Colgate University and an MBA from Emory University. He is a CFA charterholder. Rob holds the Fundamentals of Sustainability Accounting (FSA) credential issued by the Sustainability Accounting Standards Board (SASB).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.16 | 2.92 |