Investment Overview

The Strategy seeks to offer exposure to a broadly diversified portfolio of high quality, non-U.S. small- and mid-cap companies judged to be adequately managing their material ESG risks and opportunities.
 

Investment Philosophy

We focus on three definable inputs: Quality, Valuation, and Time (QVT). Our focus on quality drives a preference for well-entrenched franchises with durable and scalable business models, typically benefitting from either structural growth (compounders) or structural change (improvers). We believe a disciplined combination of quality in a reward-to-risk framework with a long-term mindset can uncover sources of alpha in the broad and inefficient small cap universe.
 

Investment People

6 person team with an average of 18 years experience with professionals in London, Dublin and Boston
Supported by the broader Calvert equity group with over 50 investment professionals
Analyst-driven process with collaborative culture
High levels of accountability, with distinct lines of responsibility
 

Process

Structured to implement our philosophy in a disciplined and repeatable reward-to-risk framework
Portfolio exercises ensure team ownership, encourage collaboration, and test biases
Ensures all research adds value - working list, wish list, research library
Clearly defined portfolio construction and risk management parameters
 

Portfolio Construction

Strategy Targets:
100-150 Holdings
Quality/core bias
Alpha driven by bottom-up stock selection
Positioned for capital preservation in addition to capital appreciation
Companies in the portfolio meet the Calvert Principles for Responsible Investment

Investment Team

Aidan M. Farrell

Managing Director, Head of Non-US Small/Mid Cap

Joined investment management industry in 1996

Joined Eaton Vance in 2015

 

Benchmark

MSCI EAFE Small/Mid Cap Index
 

Disclosure

Calvert Research and Management is an SEC registered investment adviser and wholly owned subsidiary of Eaton Vance Management.

Related Content