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Calvert Global Small-Cap Equity Fund

mutual fund
CSPIX
Payout Change
Pending
Price as of:
$14.74 -0.15 -1.01%
primary theme
U.S. Large-Cap Growth Equity
CSPIX (Mutual Fund)

Calvert Global Small-Cap Equity Fund

Payout Change
Pending
Price as of:
$14.74 -0.15 -1.01%
primary theme
U.S. Large-Cap Growth Equity
CSPIX (Mutual Fund)

Calvert Global Small-Cap Equity Fund

Payout Change
Pending
Price as of:
$14.74 -0.15 -1.01%
primary theme
U.S. Large-Cap Growth Equity

Name

As of 06/13/2024

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

$14.74

$26.7 M

0.85%

$0.13

1.64%

Vitals

YTD Return

-0.8%

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$26.7 M

Holdings in Top 10

17.3%

52 WEEK LOW AND HIGH

$14.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.64%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 56.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/13/2024

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

$14.74

$26.7 M

0.85%

$0.13

1.64%

CSPIX - Profile

Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -0.28%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Calvert Global Small-Cap Equity Fund
  • Fund Family Name
    Calvert
  • Inception Date
    Sep 19, 2023
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Richard A. Carter

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small-cap companies (the “80% Policy”). The portfolio managers generally consider small-cap companies to be those companies with market capitalizations within the range of companies included in the MSCI World Small Cap Index.  The market capitalization range for the MSCI World Small Cap Index was $74 million to $21.2 billion as of December 31, 2023.  The market capitalizations of companies within the MSCI World Small Cap Index are subject to change. Under normal market conditions, the Fund will invest (i) at least 30% of its net assets in companies located outside of the United States, which may include emerging market countries; and (ii) in issuers located in at least five different countries (including the United States). An issuer will be considered to be located outside of the United States if it is domiciled, derives a significant portion of its revenue from, or its primary trading venue is outside of the United States.  Securities may trade in the form of depositary receipts, such as American Depositary Receipts (“ADRs”), which are either sponsored or unsponsored, and Global Depositary Receipts. The Fund may invest in exchange-traded funds (“ETFs”), a type of pooled investment vehicle, in order to manage cash positions or seek exposure to certain markets or market sectors.  The Fund may also invest in publicly-traded real estate investment trusts (“REITs”).

The Fund may engage in derivative transactions to seek return, to hedge against fluctuations in securities prices or currency exchange rates or as a substitute for the purchase or sale of securities. The Fund expects to use derivatives principally to attempt to manage cash positions through the use of futures contracts. Permitted derivatives include: the purchase or sale of forward or futures contracts; options on futures contracts; exchange-traded and over-the-counter options; equity collars and equity swap agreements. Except as required by applicable regulation, there is no stated limit on the Fund’s use of derivatives for such purposes.

In managing the Fund, the portfolio managers seek to exploit inefficiencies in the small-cap market through fundamental bottom-up research conducted by the investment adviser and sub-adviser’s research staff.  The portfolio managers look for companies that, in their opinion, are high in quality or improving in quality. The portfolio managers take a long-term perspective when selecting companies and the quality focus typically leads them to companies benefitting from structural growth or structural change.  Sought after company characteristics may include: a business model with identifiable competitive advantage(s)/barrier(s) to entry, a scalable market opportunity, a solid balance sheet, and a strong management team with a history of good capital allocation. Such companies typically exhibit high or improving returns on capital, strong free-cash-flow generation, and positive or inflecting earnings. The portfolio managers also employ a disciplined valuation framework in pursuit of attractive risk adjusted returns. The portfolio managers seek to manage investment risk by maintaining broad issuer and industry diversification among the Fund’s holdings, and by utilizing fundamental analysis of risk/return characteristics in securities selection. Securities may be sold if, in the opinion of the portfolio managers, the price moves above a fair level of valuation, the company’s fundamentals deteriorate, or to pursue more attractive investment opportunities.  A security will also be sold (in accordance with the investment adviser’s guidelines and at a time and in a manner that is determined to be in the best interests of shareholders) if the investment adviser determines that the issuer does not operate in a manner consistent with the Fund’s responsible investment criteria.

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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CSPIX - Performance

Return Ranking - Trailing

Period CSPIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -13.0% 33.0% 97.02%
1 Yr N/A -19.7% 61.1% N/A
3 Yr N/A* -30.8% 25.1% N/A
5 Yr N/A* -15.9% 29.6% N/A
10 Yr N/A* -6.2% 19.8% 84.11%

* Annualized

Return Ranking - Calendar

Period CSPIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -74.1% 72.4% N/A
2022 N/A -85.9% 4.7% N/A
2021 N/A -52.4% 60.5% N/A
2020 N/A -34.3% 145.0% N/A
2019 N/A -21.8% 49.4% N/A

Total Return Ranking - Trailing

Period CSPIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -13.0% 33.0% 97.02%
1 Yr N/A -19.7% 61.1% N/A
3 Yr N/A* -30.8% 25.1% N/A
5 Yr N/A* -15.9% 29.6% N/A
10 Yr N/A* -6.2% 19.8% 93.32%

* Annualized

Total Return Ranking - Calendar

Period CSPIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -4.6% 72.4% N/A
2022 N/A -61.7% 5.6% N/A
2021 N/A -39.8% 118.1% N/A
2020 N/A 2.8% 149.2% N/A
2019 N/A -5.2% 49.4% N/A

NAV & Total Return History


CSPIX - Holdings

Concentration Analysis

CSPIX Category Low Category High CSPIX % Rank
Net Assets 26.7 M 242 K 269 B 96.06%
Number of Holdings 135 2 3211 15.67%
Net Assets in Top 10 4.71 M 109 K 129 B 97.72%
Weighting of Top 10 17.27% 0.7% 205.0% 99.30%

Top 10 Holdings

  1. Core Main Inc 2.43%
  2. CBIZ Inc 2.06%
  3. AptarGroup Inc 1.84%
  4. Chemed Corp 1.69%
  5. Cooper Cos Inc/The 1.67%
  6. Domino's Pizza Inc 1.67%
  7. W R Berkley Corp 1.56%
  8. Dorman Products Inc 1.49%
  9. Tradeweb Markets Inc 1.49%
  10. Middleby Corp/The 1.36%

Asset Allocation

Weighting Return Low Return High CSPIX % Rank
Stocks
99.73% 0.00% 134.69% 15.59%
Cash
0.27% 0.00% 173.52% 77.41%
Preferred Stocks
0.00% 0.00% 8.99% 62.70%
Other
0.00% -44.39% 50.04% 65.94%
Convertible Bonds
0.00% 0.00% 1.94% 57.43%
Bonds
0.00% 0.00% 104.29% 59.46%

Stock Sector Breakdown

Weighting Return Low Return High CSPIX % Rank
Technology
31.77% 0.00% 65.70% 65.26%
Healthcare
30.00% 0.00% 39.76% 0.44%
Consumer Cyclical
23.04% 0.00% 62.57% 8.36%
Financial Services
8.35% 0.00% 43.06% 58.58%
Consumer Defense
5.22% 0.00% 25.50% 27.88%
Utilities
0.00% 0.00% 16.07% 70.10%
Real Estate
0.00% 0.00% 16.05% 86.54%
Industrials
0.00% 0.00% 30.65% 96.83%
Energy
0.00% 0.00% 41.09% 80.91%
Communication Services
0.00% 0.00% 66.40% 98.86%
Basic Materials
0.00% 0.00% 18.91% 88.04%

Stock Geographic Breakdown

Weighting Return Low Return High CSPIX % Rank
US
62.75% 0.00% 134.69% 98.60%
Non US
36.98% 0.00% 74.83% 0.18%

CSPIX - Expenses

Operational Fees

CSPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.64% 0.01% 28.71% 15.63%
Management Fee 0.87% 0.00% 1.50% 91.27%
12b-1 Fee 0.00% 0.00% 1.00% 12.06%
Administrative Fee 0.06% 0.01% 1.02% 28.93%

Sales Fees

CSPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CSPIX 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.

CSPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 0.00% 316.74% 70.90%

CSPIX - Distributions

Dividend Yield Analysis

CSPIX Category Low Category High CSPIX % Rank
Dividend Yield 0.85% 0.00% 27.58% 25.15%

Dividend Distribution Analysis

CSPIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

CSPIX Category Low Category High CSPIX % Rank
Net Income Ratio -0.28% -6.13% 3.48% 46.73%

Capital Gain Distribution Analysis

CSPIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

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CSPIX - Fund Manager Analysis

Managers

Richard A. Carter


Start Date

Tenure

Tenure Rank

Mar 27, 2009

7.93

7.9%

Mr. Carter joined Columbia in May 2010 when it acquired the long-term asset management business of Columbia Management Group, where he worked as an investment professional since 2003. Mr. Carter began his investment career in 1993.

Todd D. Herget


Start Date

Tenure

Tenure Rank

Mar 27, 2009

7.93

7.9%

Todd Herget is a senior vice president and portfolio manager responsible for research coverage in the health care, industrial and energy sectors. He joined Columbia Management in 2007 from U.S. Trust and has been a member of the investment community since 1998. Prior to joining Columbia Management, Mr. Herget was a portfolio manager and equity research analyst at U.S. Trust since 1998. Previously, he was a research assistant at the George E. Reed Heart Center at the Westchester Medical Center in Valhalla, New York. Prior to that, Mr. Herget played professional football. Mr. Herget received a B.S. from Brigham Young University and an M.B.A. from the University of Notre Dame.

Thomas M. Galvin


Start Date

Tenure

Tenure Rank

Feb 28, 2003

14.01

14.0%

Galvin, CFA, has been Lead Portfolio Manager and Managing Director at Columbia since 2003. Mr. Galvin began his investment career in 1983 and earned an undergraduate degree in finance from Georgetown University and M.B.A. from New York University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.23 3.08