Investment Overview

Return potential is improved with rigorous fundamental analysis that captures specific investment opportunities
Integration of proprietary environmental, social and governance (ESG) research with fundamental credit analysis process 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
 

Calvert's Four Pillars of Responsible Investing

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

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

Scott H. Page, CFA
Co-Director
32 years of industry experience
2 years at Calvert
BA, Williams College
MBA, Dartmouth College
Craig P. Russ, CFA
Co-Director
33 years of industry experience
2 years at Calvert
BA, Middlebury College
Catherine McDermott
Portfolio Manager, Senior Research Analyst
30 years of industry experience
2 years at Calvert
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.