Investment Overview

The Calvert US Small-Cap Strategy offers exposure to a broadly diversified portfolio of quality, U.S. small-cap companies meeting our responsible investing principles.
 

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.
 

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 15 years experience located in Boston
Supported by the broader Calvert Vance equity group with over 501 investment professionals
Analyst-driven process with collaborative culture
High levels of accountability, with distinct lines of responsibility
1Portfolio managers, analysts, and traders including U.S. and Global/International Equity team members.
 

Process

Structured to implement our philosophy in a disciplined and repeatable reward-to-risk framework
Designed to maximize the impact of fundamental bottom-up stock selection
Portfolio exercises ensure team ownership, encourage collaboration, and test biases
1000+ company meetings per annum
 

Portfolio Construction

50 - 100 holdings
Quality/core bias
Expect resilience in down markets
Alpha driven by bottom-up stock selection
Clearly defined risk parameters
 

Investment Team

J. Griffith Noble, CFA
Portfolio Manager
Energy, Industrials & Materials
23 years of industry experience
2 years at Calvert
BS, University of Vermont
MBA, Babson College
Michael D. McLean, CFA
Portfolio Manager
Consumer Discretionary & Consumer Staples
17 years of industry experience
2 years at Calvert
BS, Providence College
 

Benchmark

Russell 2000® Index
 

Disclosure

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