Sustainable, Responsible and Impact Mutual Fund and ETF Chart
Jump to: General Fund Information | Fund Institution Information | Account Minimums | Methodology | Proxy Voting Information | Specific Screening Information by Category | Performance Data
General Fund Information - [Return to Top]
Ticker: CVMIX
Assets under management (AUM): $1780M (in US$ millions) - See other performance data below
General Fund Type: International, Global, Foreign
Specific Sizes or Types of Investments: Emerging Market Equities
Financial Objective: The Fund seeks long-term capital appreciation by investing primarily in equity securities of companies located in emerging market countries.
Specific ESG Focus: The Fund believes that the long-term performance of companies operating in long established and/or emerging markets alike depends on progress towards sustainable development. The Fund seeks to invest in companies whose products/services and/or industrial/business practices contribute towards addressing one or more global sustainability challenges in their local and/or international markets.
To invest, call: 800-368-2748
Institution Name:
Calvert Research and Management
Mutual Funds Description: Calvert is a leader in the responsible investing arena and is headquartered in Washington, DC. Calvert was formed in 2016 and traces its roots to Calvert Investment Management (CIM), which was founded in 1976. The Calvert Funds are one of the largest and most diversified families of responsibly invested mutual funds, encompassing actively and passively managed strategies, U.S. and international equity strategies, fixed-income strategies, and asset allocation funds. Calvert was formed on December 30, 2016 and at that time, substantially all of the business assets of CIM were purchased by Calvert. The assets of CIM included all technology, know-how, intellectual property and the Calvert Research System and processes. After approval of the Boards of Directors or Trustees and shareholders of the Calvert Funds, Calvert also became the successor investment adviser to the registered investment management companies that CIM had been manager of prior to the transaction. In addition, Calvert hired the majority of the employees that were part of CIM's sustainability research department. On March 1, 2021, Morgan Stanley completed its acquisition of Eaton Vance and Calvert became a wholly owned subsidiary of Morgan Stanley and part of Morgan Stanley Investment Management (MSIM), the asset management division of Morgan Stanley.
Contact info:
2050 M Street NW STE 925
Washington,DC 20036
United States
Phone: 800-327-2109
Email: andrew.olig@calvert.com
Web: https://www.calvert.com/ (Opens in a new window)
Account Minimums - [Return to Top]
Minimum Account: $1,000
Minimum IRA:
$1,000
Screening Venue: In-house
Screening Party:
Calvert Research and Management
Screening Database Used:
Calvert Proprietary Research
Screening Process:
Development, Poverty and Health:
-Promoting economic development, income generation and poverty reduction
-Improving quality of life in poor households and communities
-Supporting agricultural innovation and food security
-Providing access to safe medicines and low-cost health care
-Expanding digital access and mobile communications for underserved communities and populations
Environment and Climate Change:
-Mitigating and adapting to climate change and other environmental challenges
-Enhancing access to clean water and sanitation infrastructure
Rights and Governance:
-Respecting human rights, labor rights, and Indigenous Peoples’ rights in local communities/workplaces
-Fostering gender equity and diversity in workplaces and local communities
-Overcoming corruption through transparency and improved governance.
In addition to evaluating companies according to these criteria, investments are also evaluated according to the Fund’s threshold responsibility standards with respect to tobacco, weapons and human rights. The Fund has the following threshold responsibility standards which are applied in determining whether a security qualifies as an investment for the Fund:
-The Fund will seek to avoid investing in companies that manufacture tobacco products.
-The Fund will seek to avoid investing in companies that manufacture, design or sell weapons or the critical components of weapons that violate international humanitarian law.
-The Fund will critically evaluate companies that significantly support governments that are under U.S. or international sanction for grave human rights abuses such as genocide or forced labor.
Proxy Voting Information - [Return to Top]
Proxy Voting Guidelines or Policies: Open external link in new window
Proxy Voting Records: Open external link in new window
Specific Screening Information by Category - [Return to Top]
Environment
- Climate / Clean Technology: Combination of Positive and Restricted/Exclusionary Strategies
- Pollution / Toxics: Combination of Positive and Restricted/Exclusionary Strategies - .
- Other Environmental: Combination of Positive and Restricted/Exclusionary Strategies
Social
- Community Development: Combination of Positive and Restricted/Exclusionary Strategies
- Diversity & Equal Employment Opportunity: Combination of Positive and Restricted/Exclusionary Strategies
- Human Rights: Combination of Positive and Restricted/Exclusionary Strategies
- Labor Relations: Combination of Positive and Restricted/Exclusionary Strategies
Governance
- Board Issues: Combination of Positive and Restricted/Exclusionary Strategies
- Executive Pay: Combination of Positive and Restricted/Exclusionary Strategies
Products
- Alcohol: Restricted/Exclusionary Investment
- Animal Welfare: Combination of Positive and Restricted/Exclusionary Strategies
- Defense/Weapons: Restricted/Exclusionary Investment
- Gambling: Combination of Positive and Restricted/Exclusionary Strategies
- Tobacco: Restricted/Exclusionary Investment
Other
- Other/Qualitative: Shareholder resolutions: Any shareholder with $2,000 of company stock, held for one year, can file a resolution calling on a company to take a particular action, such as changing a company policy or asking the company to report to its shareholders on a particular issue of concern. If not settled favorably and withdrawn beforehand, these resolutions may come to a vote in front of all shareholders at the company's annual meeting. Calvert routinely files or co-files up to three dozen resolutions each year with a wide range of companies on our priority objectives. Working in coalitions: Calvert believes there is power in numbers; we often partner with other major investors and NGOs — representing a wide range of voices and interests — to advance common objectives. Calvert can be a co-filer of a shareholder resolution or participate in multi-stakeholder dialogue around industries or particular companies, conduct joint research, and play an active role in broad-based public policy platforms. Dialogue with company executives: Before investing, Calvert regularly initiates conversations with company management as part of our sustainable research process and corporate engagement. Through periodic calls, letters, and in-person meetings, Calvert continues its dialogue with management of companies in which we invest. These interactions provide Calvert with a sharper sense of the company's commitment to, and performance on, ESG issues, enabling us to press for improvement in specific areas of concern. Multi-stakeholder dialogues: Calvert works with other investors, corporations, and members of civil society to formulate standards and principles for new and challenging corporate responsibility issues. Such exercises present efficient and effective ways to raise standards across an entire industry.
- Shareholder Engagement - Shareholder Resolutions: Filed or co-filed with companies on environmental, social or governance issues
- Shareholder Engagement - Private Dialogue: Conducted with companies on environmental, social or governance issues
- Description of Shareholder Engagement: Calvert Research and Management has a long history of supporting the health and sustainability of global markets and improving investment returns through its active engagement with corporations. Rigorous corporate engagement can improve corporate behaviors, contributing to a more sustainable and equitable world, and potentially contribute to an investment’s business prospects. Responsible investors work within and help strengthen a set of global norms. These global norms, expressed in agreements such as the United Nations Sustainable Development Goals, United Nations Principles for Responsible Investment (UN PRI) and the Paris Climate Accord, provide a framework for investors and businesses to create a more just and sustainable world. Critical to these efforts is a robust program for engaging corporations on material ESG issues, which is more essential now than ever before. We believe that as investors, we have a responsibility to engage in oversight of companies to ensure management is acting in our long-term interests. Leveraging our rigorous research process, we believe we can make a valuable contribution to corporate governance, improve long-term financial and market outcomes, and bring about social and environmental benefits. Our engagement philosophy encompasses the following characteristics: INFORMED: We leverage Calvert’s extensive ESG and investment research to select targets with the potential for positive change, and to contribute meaningful ideas for the improvement of company financial and social performance. OUTCOME-ORIENTED: Our engagements are rooted in the unique ESG risks and opportunities associated with each company. We set differentiated objectives for transparency, policy and performance for each target company to ensure that our engagement catalyzes tangible performance improvements. LONG-TERM: We intend to build a long-term constructive relationship with the company to bring about lasting change and continual improvement. THOUGHT-LEADING: We promote ESG innovations developed by internal and external partners, such as new methods to measure corporate impact, to contribute to ongoing progress in the ESG field and in corporate best practices, generally. COLLABORATION AND ESCALATION: While our goal is to work collaboratively with companies, we will escalate our engagement where necessary with reluctant companies, including filing shareholder proposals (also referred to as shareholder resolutions), alerting other investors to our concerns and speaking out in the media.
Performance Data - [Return to Top]
Data provided by:
- Information current as of December 31, 2023
Year-to-date rate of return: 4.73%
1-year rate of return: 4.73%
3-year rate of return: -9.14%
5-year rate of return: 2.83%
10-year rate of return: 3.28%
Previous year rate of return: -22.64%
Management fee: 0.87%
Expense ratio: 1.02%
Standard deviation: 20.24%
Benchmark used: MSCI Emerging Markets Index | External link (Opens in a new window)
Disclaimer: 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 value of equity securities is sensitive to stock market volatility. As interest rates rise, the value of certain income investments is likely to decline. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non‑payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer’s ability to make principal and interest payments. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. 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. https://www.calvert.com/our-funds.php?fund=Calvert&left_filter=all&docs=docs Please consider the investment objective, risks, charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund. To obtain a prospectus, download one at https://www.calvert.com/our-funds.php or contact your financial professional. Please read the prospectus carefully before investing.