Investment Overview

Broad developed markets ex-U.S. research index strategy offering exposure to companies that meet Calvert Principles for Responsible Investment.
Calvert's Principles seek to identify companies that operate in a manner consistent with:
     – Environmental sustainability and resource efficiency
     – Accountable governance and transparent operations
     – Equitable societies and respect for human rights
Designed to closely track the Calvert International Responsible Index which is derived from the largest 1000 companies in the non-U.S. equity markets
Overall Calvert philosophy and approach guided by the Four Pillars of Responsible Investing (see below)

Calvert's Four Pillars of Responsible Investing

Our first responsibility is to seek strong portfolio returns.
We conduct deep, proprietary research focused on material ESG issues.
As shareholders, we actively engage with companies to help drive performance and social value.
We believe the impact of your investments should be material and measurable.

Portfolio Construction

Define an eligible universe by applying the Calvert Principles of Responsible Investment across approximately 200 peer groups using over 300 Key Performance Indicators to measure ESG performance
Neutralize sector variances by over/underweighting sector weights to more closely align with the starting universe
Portfolio of approximately 750 holdings that are reconstituted annually and rebalanced quarterly

Investment Team

Thomas Seto
Portfolio Manager
26 years of industry experience
2 years at Calvert
BS, University of Washington
MBA, University of Chicago Booth School of Business
Jade Huang
Portfolio Manager
13 years of industry experience
12 years at Calvert*
BA, University of California, Berkley
MA, Johns Hopkins University
Christopher Madden, CFA
Portfolio Manager
19 years of industry experience
15 years at Calvert*
BS, BA Indiana University
*Years at Calvert include years at Calvert Research and Management (CRM) and years at Calvert Investment Managements (CIM).


MSCI World ex USA Index (Primary)
Calvert International Responsible Index (Secondary)


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