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Trending ETFs

Name

As of 09/29/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.35

$2.46 B

0.80%

$0.12

1.04%

Vitals

YTD Return

-2.3%

1 yr return

7.4%

3 Yr Avg Return

-5.4%

5 Yr Avg Return

0.4%

Net Assets

$2.46 B

Holdings in Top 10

45.1%

52 WEEK LOW AND HIGH

$15.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.04%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 36.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 09/29/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.35

$2.46 B

0.80%

$0.12

1.04%

CVMIX - Profile

Distributions

  • YTD Total Return -2.3%
  • 3 Yr Annualized Total Return -5.4%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.71%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Calvert Emerging Markets Equity Fund
  • Fund Family Name
    Calvert Investments
  • Inception Date
    Oct 29, 2012
  • Shares Outstanding
    139590009
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kunjal Gala

Fund Description

The Fund normally invests at least 80% of its assets, including borrowings for investment purposes, in equity securities of companies located in emerging market countries (the “80% Policy”). The Fund is sub-advised by Hermes Investment Management Limited (the “Sub-Adviser”).

Equity securities held by the Fund will primarily include common stock, preferred stock, depositary receipts, options on securities, and equity-equivalent securities, such as participation notes (“P-Notes”). Derivatives, such as futures, options on futures, and swaps, may also be held by the Fund incidental to its main investment strategy.

The Sub-Adviser considers emerging market countries to be those included in the Fund’s benchmark index, the MSCI Emerging Markets Index; countries determined by the World Bank to have a low to middle income economy; and other countries or markets with similar emerging market characteristics as determined by the Sub-Adviser. A company is considered to be located in an emerging market country if it has a class of securities whose principal securities market is in an emerging market country; is organized under the laws of, or has a principal office in, an emerging market country; derives 50% or more of its total revenues or earnings from goods produced, sales made, or services provided in one or more emerging market countries; or maintains 50% or more of its assets in one or more emerging market countries.

The Fund may invest in companies of any market capitalization but seeks to have market capitalization size characteristics similar to that of the MSCI Emerging Markets Index. As of December 31, 2022, the market capitalization of the MSCI Emerging Markets Index companies ranged from $114 million to $1.9 trillion with a weighted average market capitalization of $93.6 billion. Market capitalizations of companies within the MSCI Emerging Markets Index are subject to change. The Fund is expected to invest its assets among companies located in emerging markets throughout the world. The Fund may also invest in securities denominated in foreign currencies and may acquire foreign currency or enter into foreign currency derivatives (including forward foreign currency exchange contracts and currency futures contracts) to seek to hedge foreign currency exposure.

Securities of companies located in emerging market countries may include American Depositary Receipts (“ADRs”), which may be sponsored or unsponsored, and Global Depositary Receipts (“GDRs”).

The Sub-Adviser seeks to identify quality companies trading at attractive valuations that are located in emerging market countries that are believed by the Sub-Adviser to have conditions that are supportive of economic growth. To this end, the Sub-Adviser combines a top-down approach to country and sector analysis with a bottom-up approach to fundamental company research, including consideration of the Fund’s responsible investing criteria described below. The country analysis includes an assessment of the risks and opportunities for each emerging market country through in-depth quantitative and qualitative analysis. The sector analysis includes a valuation assessment through qualitative analysis. The fundamental company research also utilizes a number of qualitative and quantitative methods. Portfolio construction is determined by the Sub-Adviser based on its level of conviction in the country and company with input from proprietary risk models.

The Fund may sell a security when its fundamentals deteriorate, the target price is reached, other securities are identified to displace a current holding or it does not meet the Fund’s sustainability and corporate responsibility criteria. The Fund may also lend its securities.

Responsible Investing. The portfolio manager(s) seek to invest in companies that manage environmental, social and governance (“ESG”) risk exposures adequately and that are not exposed to excessive ESG risk through their principal business activities. Companies are analyzed by the investment adviser’s ESG analysts utilizing The Calvert Principles for Responsible Investment (“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 the investment adviser. Pursuant to the Principles, the investment adviser seeks to identify companies and other issuers that operate in a manner that is consistent with or promotes environmental sustainability and resource efficiency, equitable societies and respect for human rights, and accountable governance and transparency. The Fund generally invests in issuers that are believed by the investment adviser to operate in accordance with the Principles and may also invest in issuers that the investment adviser believes are likely to operate in accordance with the Principles pending the investment adviser’s engagement activity with such issuer.

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CVMIX - Performance

Return Ranking - Trailing

Period CVMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -49.0% 25.0% 94.57%
1 Yr 7.4% -51.7% 20.9% 88.50%
3 Yr -5.4%* -23.5% 10.3% 82.91%
5 Yr 0.4%* -13.9% 8.2% 74.17%
10 Yr 2.8%* -6.6% 4.5% 33.70%

* Annualized

Return Ranking - Calendar

Period CVMIX Return Category Return Low Category Return High Rank in Category (%)
2022 -23.2% -50.1% -2.4% 38.42%
2021 -8.1% -33.1% 22.5% 63.22%
2020 24.4% -22.1% 80.1% 26.14%
2019 21.8% -0.7% 42.0% 29.94%
2018 -16.2% -31.2% -5.8% 23.92%

Total Return Ranking - Trailing

Period CVMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -48.6% 27.0% 94.57%
1 Yr 7.4% -51.3% 25.3% 88.50%
3 Yr -5.4%* -23.3% 14.1% 82.91%
5 Yr 0.4%* -13.0% 8.9% 74.17%
10 Yr 2.8%* -1.9% 6.3% 33.70%

* Annualized

Total Return Ranking - Calendar

Period CVMIX Return Category Return Low Category Return High Rank in Category (%)
2022 -22.6% -42.2% 1.9% 54.75%
2021 -7.4% -32.5% 33.1% 89.11%
2020 24.9% -20.0% 81.6% 29.39%
2019 22.7% 2.3% 42.0% 38.73%
2018 -15.2% -29.8% -5.3% 36.05%

NAV & Total Return History


CVMIX - Holdings

Concentration Analysis

CVMIX Category Low Category High CVMIX % Rank
Net Assets 2.46 B 87.1 K 75.7 B 21.33%
Number of Holdings 55 10 6734 85.13%
Net Assets in Top 10 1.06 B 340 K 19.3 B 17.95%
Weighting of Top 10 45.12% 2.8% 71.7% 12.58%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 8.90%
  2. Samsung Electronics Co Ltd 7.03%
  3. Morgan Stanley Institutional Liquidity Funds - Government Portfolio 5.62%
  4. Prosus NV 4.51%
  5. Tencent Holdings Ltd 4.33%
  6. Alibaba Group Holding Ltd 3.48%
  7. Bank Rakyat Indonesia Persero Tbk PT 3.32%
  8. AIA Group Ltd 2.71%
  9. Delta Electronics Inc 2.67%
  10. NARI Technology Co Ltd 2.54%

Asset Allocation

Weighting Return Low Return High CVMIX % Rank
Stocks
91.91% 0.90% 110.97% 86.41%
Cash
6.37% -23.67% 20.19% 4.49%
Preferred Stocks
1.90% 0.00% 6.07% 23.21%
Bonds
0.21% -0.03% 48.23% 11.79%
Other
0.00% -1.48% 9.95% 39.62%
Convertible Bonds
0.00% 0.00% 7.40% 20.72%

Stock Sector Breakdown

Weighting Return Low Return High CVMIX % Rank
Technology
28.48% 0.00% 47.50% 17.85%
Financial Services
21.13% 0.00% 48.86% 58.34%
Consumer Cyclical
16.14% 0.00% 48.94% 19.28%
Industrials
11.95% 0.00% 43.53% 10.48%
Communication Services
8.47% 0.00% 39.29% 54.72%
Healthcare
6.05% 0.00% 93.26% 24.45%
Consumer Defense
4.16% 0.00% 28.13% 79.82%
Basic Materials
3.62% 0.00% 30.03% 81.89%
Utilities
0.00% 0.00% 39.12% 76.97%
Real Estate
0.00% 0.00% 17.15% 88.87%
Energy
0.00% 0.00% 24.80% 88.23%

Stock Geographic Breakdown

Weighting Return Low Return High CVMIX % Rank
Non US
90.96% -4.71% 112.57% 27.44%
US
0.95% -1.60% 104.72% 91.54%

Bond Sector Breakdown

Weighting Return Low Return High CVMIX % Rank
Cash & Equivalents
6.37% 0.00% 100.00% 8.72%
Corporate
6.20% 0.00% 100.00% 16.43%
Derivative
0.00% 0.00% 99.80% 34.36%
Securitized
0.00% 0.00% 23.79% 17.99%
Municipal
0.00% 0.00% 0.32% 17.86%
Government
0.00% 0.00% 70.66% 28.94%

Bond Geographic Breakdown

Weighting Return Low Return High CVMIX % Rank
US
0.21% -0.59% 27.81% 11.79%
Non US
0.00% -2.67% 48.82% 25.51%

CVMIX - Expenses

Operational Fees

CVMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.04% 0.03% 41.06% 73.62%
Management Fee 0.87% 0.00% 2.00% 48.34%
12b-1 Fee N/A 0.00% 1.00% 81.91%
Administrative Fee 0.12% 0.01% 0.85% 64.08%

Sales Fees

CVMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.40% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CVMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% 18.26%

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.

CVMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 190.00% 34.65%

CVMIX - Distributions

Dividend Yield Analysis

CVMIX Category Low Category High CVMIX % Rank
Dividend Yield 0.80% 0.00% 13.51% 65.47%

Dividend Distribution Analysis

CVMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

CVMIX Category Low Category High CVMIX % Rank
Net Income Ratio 0.71% -1.98% 17.62% 49.27%

Capital Gain Distribution Analysis

CVMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CVMIX - Fund Manager Analysis

Managers

Kunjal Gala


Start Date

Tenure

Tenure Rank

Nov 04, 2019

2.57

2.6%

Kunjal Gala is director and co-portfolio manager for Federated Hermes, a subadvisor to Calvert. He joined Federated Hermes in 2012. Kunjal began his career in the investment management industry in 2004. Before joining Federated Hermes, he was assistant director for UK Government Investments (UKGI), focused on managing the UK government's portfolio investments and businesses including strategic advisory and monetization options across various sectors. Previously, he was a senior financial analyst in the investment banking division of Morgan Stanley in India and subsequently London, and worked at Thomas Cook India Limited and PricewaterhouseCoopers (PwC) in India. Kunjal earned a B.Com from the University of Mumbai. He holds the Associate Chartered Accountant (ACA) qualification from the Institute of Chartered Accountants of India and the Certificate in Investment Management (IMC) from the CFA Society UK.

Vivek Bhutoria


Start Date

Tenure

Tenure Rank

Jan 04, 2022

0.4

0.4%

Mr. Bhutoria has been a Senior Analyst (Asia ex-Japan) for the Hermes Emerging Markets team since 2019. Prior to joining Hermes, he was a Senior Analyst with NN Investment Partners (formerly ING Investment Management) in the global emerging equity team from June 2017 to June 2018 and a Vice President with Deutsche Bank, covering emerging markets equities, from 2011 to 2017.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.47 13.42