Investment Overview

Return potential is improved with rigorous fundamental analysis that captures specific investment opportunities
Fundamental credit analysis that integrates proprietary environmental, social and governance (ESG) research can help manage downside risk
Disciplined portfolio construction may help risk-adjusted performance
We believe significant experience and specialization in floating-rate loans is critical to adding value
Modest and prudent use of leverage allows for attractive yield enhancement potential over the long term
 

Portfolio Construction

Analysts assign relative risk rankings to each loan
Quintile ranking structure: 1 = lower risk, 5 = higher risk
Number of loans approximately equal weighted by risk quintile
Market value incrementally skewed toward lower risk
Initial position sizes range from 0.1% to 1.5% as determined by risk rank

Investment Team

Craig Russ

Co-director of floating-rate loans, portfolio manager

33 years of industry experience

Managed Strategy Since Inception

BA, Middlebury College


Scott H. Page, CFA

Senior portfolio advisor, portfolio manager

37 years of industry experience

Managed Strategy Since Inception

BA, Williams College

MBA, Dartmouth College


Catherine McDermott

Portfolio manager

30 years of industry experience

Managed Strategy Since 2018

BA, Boston College


 

Benchmark

S&P/LSTA Leveraged Loan Index
 

Disclosure

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