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Trending ETFs

Calvert Emerging Markets Focused Growth Fund

mutual fund
CMERX
Payout Change
Pending
Price as of:
$12.04 -0.1 -0.82%
primary theme
International Large-Cap Blend Equity
CMERX (Mutual Fund)

Calvert Emerging Markets Focused Growth Fund

Payout Change
Pending
Price as of:
$12.04 -0.1 -0.82%
primary theme
International Large-Cap Blend Equity
CMERX (Mutual Fund)

Calvert Emerging Markets Focused Growth Fund

Payout Change
Pending
Price as of:
$12.04 -0.1 -0.82%
primary theme
International Large-Cap Blend Equity

Name

As of 12/06/2024

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

$12.04

$5.63 M

0.11%

$0.01

5.39%

Vitals

YTD Return

7.1%

1 yr return

11.9%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$5.63 M

Holdings in Top 10

58.7%

52 WEEK LOW AND HIGH

$12.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 5.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/06/2024

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

$12.04

$5.63 M

0.11%

$0.01

5.39%

CMERX - Profile

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.34%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Calvert Emerging Markets Focused Growth Fund
  • Fund Family Name
    Calvert
  • Inception Date
    Sep 01, 2023
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Fred Copper

Fund Description

Under normal market conditions, at least 80% of the Fund’s assets (plus any borrowings for investment purposes) will be invested in equity securities of companies located in emerging market countries. The Fund is sub-advised by Morgan Stanley Investment Management Company (the “Sub-Adviser”).

The Sub-Adviser seeks to construct a focused portfolio of approximately 40 to 60 equity securities designed to take advantage of thematic opportunities in emerging markets.  The Sub-Adviser seeks to invest in companies that it believes have the potential to outperform emerging markets generally over the long-term and which meet the responsible investing criteria described below.

The Sub-Adviser considers an issuer to be located in an emerging market country if (i) its principal securities trading market is in an emerging market country; (ii) alone or on a consolidated basis it derives 50% or more of its annual revenue or profits from goods produced, sales made or services performed in emerging market countries or has at least 50% of its assets, core business operations and/or employees in emerging markets countries; or (iii) it is organized under the laws of, or has a principal office in, an emerging market country. By applying this test, it is possible that a particular issuer could be deemed to be located in more than one country.

Emerging market or developing countries are countries that major international financial institutions generally consider to be less economically mature than developed nations, such as the United States, Canada, Japan, Australia, New Zealand and most countries located in Western Europe (such as the United Kingdom and France) or are countries included in the Fund’s benchmark, MSCI Emerging Markets Index. The specific countries that comprise emerging markets or developing countries may change from time to time.

The Fund may invest in all types of equity securities, including common and preferred stocks, convertible securities, rights, warrants, depositary receipts, limited partnership interests and other specialty securities having equity features. The Fund may hold or have exposure to equity securities of companies of any size, including small and medium capitalization companies, and to companies in any industry or sector.  At times, the Fund’s investments may be focused in one or more sectors.

The Fund also may invest in American Depositary Receipts (“ADRs”), which are either sponsored or unsponsored, Global Depositary Receipts (“GDRs”) and other types of depositary receipts with respect to companies located in emerging market countries, and such investments will represent equity securities of companies located in emerging market countries for purposes of maintaining exposure of at least 80% of the Fund's assets to such securities.

The Fund may, but it is not required to, use derivative instruments for a variety of purposes, including hedging, risk management or portfolio management. The Fund’s use of derivatives may involve the purchase and sale of derivative instruments such as options, futures, swaps, contracts for difference (“CFDs”), structured investments and other related instruments and techniques. The Fund may utilize foreign currency forward exchange contracts, which are also derivatives, in connection with its investments in foreign securities. Derivative instruments used by the Fund will be counted toward the Fund’s 80% policy discussed above to the extent they have economic characteristics similar to the securities included within that policy.  The Fund may lend securities.  The Fund may also seek to gain exposure to common stocks through the use of equity-linked securities (such as participation notes (“p-notes”)). The Fund expects to use p-notes to invest indirectly in certain stocks that trade in a market that restricts foreign investors, such as the Fund, from investing directly in the market.

The Sub-Adviser generally uses a fundamental bottom-up stock selection process informed by macro thematic research on overall emerging markets. The Sub-Adviser will employ this consistent and targeted approach seeking companies they expect to become leading companies in emerging markets as well as developed country domiciled companies where a large portion of the companies’ growth is taking place in emerging market countries.  The Fund is “non-diversified,” which means it may invest a greater percentage of its assets in the securities of a single issuer than a fund that is “diversified.”

Responsible Investing. The portfolio manager seeks 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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CMERX - Performance

Return Ranking - Trailing

Period CMERX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -3.5% 28.3% 76.62%
1 Yr 11.9% -1.8% 35.5% 76.62%
3 Yr N/A* -13.8% 47.8% N/A
5 Yr N/A* -34.2% 74.9% N/A
10 Yr N/A* 1.0% 32.0% N/A

* Annualized

Return Ranking - Calendar

Period CMERX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -1.4% 22.0% N/A
2022 N/A -43.6% 71.3% N/A
2021 N/A -28.5% 18.9% N/A
2020 N/A -90.1% 992.1% N/A
2019 N/A -1.9% 38.8% N/A

Total Return Ranking - Trailing

Period CMERX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -3.5% 28.3% 76.62%
1 Yr 11.9% -1.8% 35.5% 76.62%
3 Yr N/A* -13.8% 47.8% N/A
5 Yr N/A* -34.2% 74.9% N/A
10 Yr N/A* 1.0% 32.0% N/A

* Annualized

Total Return Ranking - Calendar

Period CMERX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A 3.2% 23.8% N/A
2022 N/A -43.6% 144.8% N/A
2021 N/A -22.6% 56.0% N/A
2020 N/A -89.7% 1010.8% N/A
2019 N/A 4.3% 38.8% N/A

NAV & Total Return History


CMERX - Holdings

Concentration Analysis

CMERX Category Low Category High CMERX % Rank
Net Assets 5.63 M 3.3 M 425 B 99.06%
Number of Holdings 34 1 10481 93.76%
Net Assets in Top 10 3.71 M 1.01 M 47.5 B 96.26%
Weighting of Top 10 58.74% 4.6% 147.7% 4.55%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 10.97%
  2. MercadoLibre Inc 9.61%
  3. Trent Ltd 6.92%
  4. NU Holdings Ltd/Cayman Islands 5.84%
  5. Avenue Supermarts Ltd 4.80%
  6. TVS Motor Co Ltd 4.30%
  7. Bharti Airtel Ltd 4.18%
  8. HDFC Bank Ltd 4.16%
  9. Localiza Rent a Car SA 4.13%
  10. Globant SA 3.83%

Asset Allocation

Weighting Return Low Return High CMERX % Rank
Stocks
96.55% 0.00% 102.63% 65.83%
Cash
3.13% 0.00% 44.84% 25.27%
Preferred Stocks
1.68% -0.05% 6.89% 11.08%
Other
0.00% -2.12% 47.54% 71.61%
Convertible Bonds
0.00% 0.00% 4.18% 55.87%
Bonds
0.00% 0.00% 95.29% 58.81%

Stock Sector Breakdown

Weighting Return Low Return High CMERX % Rank
Financial Services
20.01% 0.00% 47.75% 24.64%
Consumer Cyclical
18.18% 0.00% 36.36% 2.08%
Healthcare
13.38% 0.00% 20.35% 30.72%
Technology
11.63% 0.00% 36.32% 50.40%
Industrials
11.41% 5.17% 99.49% 84.80%
Consumer Defense
7.77% 0.00% 32.29% 77.60%
Basic Materials
5.63% 0.00% 23.86% 81.76%
Communication Services
5.37% 0.00% 21.69% 64.16%
Energy
2.52% 0.00% 16.89% 83.36%
Real Estate
1.88% 0.00% 14.59% 51.68%
Utilities
1.23% 0.00% 13.68% 74.08%

Stock Geographic Breakdown

Weighting Return Low Return High CMERX % Rank
Non US
75.46% 0.00% 99.44% 85.49%
US
21.08% 0.00% 102.01% 11.08%

CMERX - Expenses

Operational Fees

CMERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.39% 0.01% 19.62% 0.78%
Management Fee 0.87% 0.00% 1.65% 93.56%
12b-1 Fee 0.50% 0.00% 1.00% 72.89%
Administrative Fee 0.02% 0.01% 1.00% 5.80%

Sales Fees

CMERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

CMERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

CMERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 2.00% 247.00% 20.21%

CMERX - Distributions

Dividend Yield Analysis

CMERX Category Low Category High CMERX % Rank
Dividend Yield 0.11% 0.00% 17.49% 95.48%

Dividend Distribution Analysis

CMERX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual SemiAnnual Annual

Net Income Ratio Analysis

CMERX Category Low Category High CMERX % Rank
Net Income Ratio 1.34% -0.93% 6.38% 57.60%

Capital Gain Distribution Analysis

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

Distributions History

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CMERX - Fund Manager Analysis

Managers

Fred Copper


Start Date

Tenure

Tenure Rank

May 01, 2010

4.83

4.8%

Fred Copper, a portfolio manager of Columbia Management Advisors, LLC (Columbia Advisors), is the lead manager for the Fund and has co-managed the Fund since October, 2005. Mr. Copper has been associated with Columbia Advisors or its predecessors since September, 2005. Prior to October, 2005, Mr. Copper was a senior vice president with Putnam Investments from March, 2001 to September, 2005 and an assistant vice president with Wellington Management Company, LLP from July, 1998 to February, 2001.Mr. Copper began his investment career in 1990, and earned a B.S. from Boston College and a M.B.A. from the University of Chicago.

Colin Moore


Start Date

Tenure

Tenure Rank

Feb 20, 2009

6.02

6.0%

Colin Moore has been a portfolio manager and the head of active equity for Columbia Management Investment Advisers, LLC since 2002. Mr. Moore also serves as co-manager for Nations Strategic Growth Fund. Mr. Moore may also manage other investment products for both BACAP and Columbia Management. Prior to joining Columbia Management, Mr. Moore was chief investment officer of global/international value equities, portfolio manager, and associate director of research at Putnam Investments from 2000 to 2001. While serving in this role, he personally managed $3 billion, in addition to 29 analysts and five portfolio managers. Prior to joining Putnam in 2000, Mr. Moore was director of research and chief investment officer for Rockefeller & Co. in New York and London from 1991 to 1999. Mr. Moore has been in the investment community since 1980. Mr. Moore attended the London Business School, where he completed their investment management program and is an associate by examination of the U.K. Institute of Investment Management & Research (AIIMR).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.32 3.25