Investment Overview

ESG-integrated strategy that seeks a positive absolute return investing in the front end of the yield curve.
Invests solely in the securities meeting the Calvert Principles for Responsible Investment, which seek to identify companies that operate in a manner consistent with:
     – Environmental sustainability and resource efficiency
     – Equitable societies and respect for human rights
     – Accountable governance and transparent operations
Target Tracking Error: 50-100 bps
Target Excess Return: 50-150 bps
Seeks to minimize volatility and downside risk by limiting duration through corporate credit, securitized assets, floating-rate securities and high yield
Team includes 32 Fixed income investment professionals involved in portfolio management, fundamental credit research, risk management and trading
Calvert philosophy guided by the Four Pillars of Responsible Investment (see below)
 

Portfolio Construction

Integrated proprietary ESG research with fundamental credit analysis to help manage downside risk
Active duration and yield curve management within the front end of the yield curve
Multisector investment approach
Disciplined, rigorous fundamental credit research process compliments ESG research
Active sector rotation
Average Duration Band: 0.25-0.75 years
Risk management focus

Investment Team

Vishal Khanduja, CFA

Portfolio Manager

14 years of industry experience

7 years at Calvert*

BE, VJTI, Mumbai, India

MBA, University of Iowa


Brian Ellis, CFA

Portfolio Manager

13 years of industry experience

10 years at Calvert*

BS, Salisbury University
*Years at Calvert include years at Calvert Research and Management (CRM) and years at Calvert Investment Managements (CIM).


 

Benchmark

Bloomberg Barclays 9-12 Month Short Treasury Index
 

Disclosure

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