Calvert
Global Equity Fund
December 31, 2023
Schedule of Investments (Unaudited)
Common Stocks — 97.3% |
Security | Shares | Value | |
Australia — 2.1% | |||
CSL, Ltd. | 1,120 | $ 218,343 | |
$ 218,343 | |||
Belgium — 2.1% | |||
KBC Group NV | 3,255 | $ 211,247 | |
$ 211,247 | |||
Denmark — 1.9% | |||
Novo Nordisk A/S, Class B | 1,909 | $ 197,832 | |
$ 197,832 | |||
France — 7.8% | |||
LVMH Moet Hennessy Louis Vuitton SE | 213 | $173,070 | |
Safran S.A. | 1,138 | 200,641 | |
Sanofi | 2,532 | 251,612 | |
Schneider Electric SE | 852 | 171,513 | |
$796,836 | |||
Germany — 2.7% | |||
Siemens AG | 1,451 | $272,221 | |
$272,221 | |||
Hong Kong — 2.2% | |||
AIA Group, Ltd. | 26,121 | $227,328 | |
$227,328 | |||
India — 2.2% | |||
HDFC Bank, Ltd. ADR | 3,370 | $226,161 | |
$226,161 | |||
Japan — 4.3% | |||
Keyence Corp. | 411 | $180,575 | |
Nihon M&A Center Holdings, Inc. | 12,614 | 69,415 | |
Recruit Holdings Co., Ltd. | 4,520 | 188,986 | |
$438,976 | |||
Netherlands — 4.5% | |||
ASML Holding NV | 280 | $211,369 | |
IMCD NV | 1,439 | 250,621 | |
$461,990 | |||
Singapore — 1.9% | |||
DBS Group Holdings, Ltd. | 7,880 | $199,276 | |
$199,276 | |||
Switzerland — 3.6% | |||
Nestle S.A. | 3,209 | $371,987 | |
$371,987 |
Security | Shares | Value | |
Taiwan — 1.4% | |||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1,371 | $ 142,584 | |
$ 142,584 | |||
United Kingdom — 7.4% | |||
Compass Group PLC | 9,001 | $ 246,297 | |
London Stock Exchange Group PLC | 1,905 | 225,193 | |
Reckitt Benckiser Group PLC | 4,076 | 281,258 | |
$ 752,748 | |||
United States — 53.2% | |||
Adobe, Inc.(1) | 343 | $204,634 | |
Alphabet, Inc., Class A(1) | 3,752 | 524,117 | |
Amazon.com, Inc.(1) | 2,922 | 443,969 | |
AMETEK, Inc. | 1,193 | 196,714 | |
Boston Scientific Corp.(1) | 4,348 | 251,358 | |
CDW Corp. | 1,095 | 248,915 | |
Danaher Corp. | 1,144 | 264,653 | |
Dollar Tree, Inc.(1) | 1,619 | 229,979 | |
Ingersoll Rand, Inc. | 2,485 | 192,190 | |
Intuit, Inc. | 532 | 332,516 | |
Intuitive Surgical, Inc.(1) | 509 | 171,716 | |
Microsoft Corp. | 1,950 | 733,278 | |
NextEra Energy, Inc. | 3,099 | 188,233 | |
TJX Cos., Inc. (The) | 2,204 | 206,757 | |
Union Pacific Corp. | 982 | 241,199 | |
Verisk Analytics, Inc. | 840 | 200,642 | |
Visa, Inc., Class A | 1,398 | 363,969 | |
Walt Disney Co. (The) | 2,562 | 231,323 | |
Zoetis, Inc. | 1,094 | 215,923 | |
$5,442,085 | |||
Total Common Stocks (identified cost $7,491,017) | $9,959,614 |
Short-Term Investments — 2.9% |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.27%(2) | 297,768 | $ 297,768 | |
Total Short-Term Investments (identified cost $297,768) | $ 297,768 |
Total Investments — 100.2% (identified cost $7,788,785) | $10,257,382 | |
Other Assets, Less Liabilities — (0.2)% | $ (22,333) | |
Net Assets — 100.0% | $10,235,049 |
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Calvert
Global Equity Fund
December 31, 2023
Schedule of Investments (Unaudited) — continued
The percentage shown for each investment category in the Schedule of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of December 31, 2023. |
At December 31, 2023, the concentration of the Fund’s investments in the various sectors, determined as a percentage of net assets, was as follows:
Economic Sectors | % of Net Assets |
Information Technology | 20.1% |
Industrials | 19.4 |
Health Care | 15.3 |
Financials | 14.2 |
Consumer Discretionary | 10.5 |
Consumer Staples | 8.6 |
Communication Services | 7.4 |
Utilities | 1.8 |
Total | 97.3% |
Abbreviations: | |
ADR | – American Depositary Receipt |
The Fund did not have any open derivative instruments at December 31, 2023.
Affiliated Investments
At December 31, 2023, the value of the Fund's investment in funds that may be deemed to be affiliated was $297,768, which represents 2.9% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended December 31, 2023 were as follows:
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares, end of period |
Short-Term Investments | ||||||||
Liquidity Fund, Institutional Class(1) | $18,172 | $2,203,924 | $(1,924,328) | $ — | $ — | $297,768 | $2,465 | 297,768 |
(1) | Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio. |
Fair Value Measurements
U.S. generally accepted accounting principles (U.S. GAAP) establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:
Level 1 - quoted prices in active markets for identical securities
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following table summarizes the market value of the Fund's holdings as of December 31, 2023, based on the inputs used to value them:
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks: | ||||
Australia | $ — | $218,343 | $ — | $218,343 |
Belgium | — | 211,247 | — | 211,247 |
Denmark | — | 197,832 | — | 197,832 |
France | — | 796,836 | — | 796,836 |
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Calvert
Global Equity Fund
December 31, 2023
Schedule of Investments (Unaudited) — continued
Asset Description (continued) | Level 1 | Level 2 | Level 3 | Total |
Germany | $ — | $272,221 | $ — | $272,221 |
Hong Kong | — | 227,328 | — | 227,328 |
India | 226,161 | — | — | 226,161 |
Japan | — | 438,976 | — | 438,976 |
Netherlands | — | 461,990 | — | 461,990 |
Singapore | — | 199,276 | — | 199,276 |
Switzerland | — | 371,987 | — | 371,987 |
Taiwan | 142,584 | — | — | 142,584 |
United Kingdom | — | 752,748 | — | 752,748 |
United States | 5,442,085 | — | — | 5,442,085 |
Total Common Stocks | $5,810,830 | $4,148,784(1) | $ — | $9,959,614 |
Short-Term Investments | $297,768 | $ — | $ — | $297,768 |
Total Investments | $6,108,598 | $4,148,784 | $ — | $10,257,382 |
(1) | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets. |
For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.
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