NPORT-EX 2 NPORT_D8DF_84313532_1223.htm
Calvert
Global Small-Cap Equity Fund
December 31, 2023
Schedule of Investments (Unaudited)
Common Stocks — 98.5%
    
Security Shares Value
Australia — 3.0%  
BlueScope Steel, Ltd.   3,795 $    60,502
CAR Group, Ltd.   14,868     315,072
Data#3, Ltd.   37,567     216,072
IGO, Ltd.   10,504      64,737
Steadfast Group, Ltd.   41,358    164,271
      $   820,654
Belgium — 1.5%  
Azelis Group NV   9,022 $   221,505
KBC Ancora   4,140 190,004
      $411,509
Canada — 2.7%  
Agnico Eagle Mines, Ltd.   1,114 $61,079
ATS Corp.(1)   5,407 233,043
Descartes Systems Group, Inc. (The)(1)   1,956 164,342
Granite Real Estate Investment Trust   2,571 148,006
Killam Apartment Real Estate Investment Trust   10,016 135,759
      $742,229
France — 0.7%  
IPSOS S.A.   2,985 $187,423
      $187,423
Germany — 1.2%  
Encavis AG(1)   7,171 $123,347
Jenoptik AG   6,730 211,073
      $334,420
Italy — 2.7%  
Amplifon SpA   4,768 $165,214
BFF Bank SpA(2)   17,836 203,484
DiaSorin SpA   979 100,899
FinecoBank Banca Fineco SpA   7,275 109,446
MARR SpA   8,319 105,573
Moncler SpA   1,083 66,680
      $751,296
Japan — 10.9%  
As One Corp.   4,087 $161,915
Asahi Intecc Co., Ltd.   6,419 130,170
BayCurrent Consulting, Inc.   6,497 227,434
Chiba Bank, Ltd. (The)   16,754 120,706
Cosmos Pharmaceutical Corp.   2,242 258,748
Fukuoka Financial Group, Inc.   5,922 139,293
Goldwin, Inc.   1,895 135,869
JMDC, Inc.   1,857 56,005
Kose Corp.   1,636 122,283
LaSalle Logiport REIT   141 151,819
Lion Corp.   13,958 129,445
Security Shares Value
Japan (continued)  
Miura Co., Ltd.   7,265 $   144,254
Nihon M&A Center Holdings, Inc.   13,682      75,292
NOF Corp.   4,378     217,187
Riken Keiki Co., Ltd.   5,167     251,619
Sanwa Holdings Corp.   19,576     295,951
Sumco Corp.   9,611     143,773
USS Co., Ltd.   12,232    245,572
      $ 3,007,335
Luxembourg — 0.1%  
APERAM S.A.   640 $23,280
      $23,280
Netherlands — 1.9%  
BE Semiconductor Industries NV   1,015 $153,241
Euronext NV(2)   1,431 124,363
IMCD NV   1,425 248,183
      $525,787
New Zealand — 0.5%  
Spark New Zealand, Ltd.   45,494 $148,937
      $148,937
Norway — 0.4%  
SmartCraft ASA(1)   50,945 $113,572
      $113,572
Singapore — 0.4%  
Daiwa House Logistics Trust   205,782 $102,092
      $102,092
Spain — 0.5%  
Inmobiliaria Colonial Socimi S.A.   17,510 $126,710
      $126,710
Sweden — 2.6%  
AddTech AB, Class B   12,071 $265,593
Autoliv, Inc.   1,343 147,985
Boliden AB   1,057 33,084
Sdiptech AB, Class B(1)   10,457 280,472
      $727,134
Switzerland — 0.4%  
Galenica AG(2)   1,428 $123,528
      $123,528
United Kingdom — 9.0%  
Cranswick PLC   3,068 $148,620
Diploma PLC   7,387 337,377
DiscoverIE Group PLC   35,596 358,191
Games Workshop Group PLC   926 116,375
Greggs PLC   3,581 118,708
 
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Calvert
Global Small-Cap Equity Fund
December 31, 2023
Schedule of Investments (Unaudited) — continued
Security Shares Value
United Kingdom (continued)  
JTC PLC(2)   26,264 $   272,880
Rentokil Initial PLC ADR   11,526     329,759
Shaftesbury Capital PLC   70,685     124,416
SSP Group PLC(1)   74,482     222,759
Volution Group PLC   27,706     152,897
Wise PLC, Class A(1)   13,572     150,941
Zegona Communications PLC(1)   71,950    169,690
      $ 2,502,613
United States — 60.0%  
AAON, Inc.   3,112 $229,883
Addus HomeCare Corp.(1)   1,088 101,021
Albany International Corp., Class A   3,022 296,821
Alliant Energy Corp.   6,195 317,803
Altair Engineering, Inc., Class A(1)   1,804 151,807
AptarGroup, Inc.   3,486 430,939
Aramark   4,379 123,050
Atmus Filtration Technologies, Inc.(1)   3,812 89,544
AZEK Co., Inc. (The)(1)   7,450 284,962
Brunswick Corp.   1,015 98,201
Burlington Stores, Inc.(1)   947 184,173
Casey's General Stores, Inc.   438 120,336
CBIZ, Inc.(1)   7,712 482,694
Ceridian HCM Holding, Inc.(1)   2,005 134,576
Chemed Corp.   890 520,427
Clearwater Analytics Holdings, Inc., Class A(1)   6,758 135,363
CMS Energy Corp.   5,383 312,591
Commerce Bancshares, Inc.   6,287 335,778
Cooper Cos., Inc. (The)   1,270 480,619
Core & Main, Inc., Class A(1)   13,018 526,057
CubeSmart   6,566 304,334
Diodes, Inc.(1)   1,792 144,292
Domino's Pizza, Inc.   918 378,427
Dorman Products, Inc.(1)   5,155 429,979
EastGroup Properties, Inc.   2,026 371,852
Envestnet, Inc.(1)   4,985 246,857
Envista Holdings Corp.(1)   6,892 165,821
Equity LifeStyle Properties, Inc.   5,728 404,053
Euronet Worldwide, Inc.(1)   1,353 137,316
Fair Isaac Corp.(1)   142 165,289
First American Financial Corp.   1,290 83,128
Generac Holdings, Inc.(1)   729 94,216
Graco, Inc.   3,389 294,030
Harley-Davidson, Inc.   3,430 126,361
Herc Holdings, Inc.   612 91,121
Hexcel Corp.   1,568 115,640
Janus International Group, Inc.(1)   7,712 100,642
Jazz Pharmaceuticals PLC(1)   1,630 200,490
Lancaster Colony Corp.   448 74,543
Landstar System, Inc.   835 161,698
LPL Financial Holdings, Inc.   1,120 254,934
Security Shares Value
United States (continued)  
MarketAxess Holdings, Inc.   960 $   281,136
Middleby Corp. (The)(1)   2,719     400,155
Neogen Corp.(1)   6,246     125,607
Neurocrine Biosciences, Inc.(1)   1,287     169,575
Nordson Corp.   931     245,933
NV5 Global, Inc.(1)   1,764     196,016
Papa John's International, Inc.   1,443     110,000
Performance Food Group Co.(1)   4,501     311,244
PowerSchool Holdings, Inc., Class A(1)   6,581 155,048
Progress Software Corp.   3,283 178,267
Quaker Chemical Corp.   1,597 340,832
R1 RCM, Inc.(1)   13,322 140,814
Rexford Industrial Realty, Inc.   6,897 386,922
RH(1)   302 88,027
RLI Corp.   2,775 369,408
Ryan Specialty Holdings, Inc.(1)   2,876 123,726
Selective Insurance Group, Inc.   2,894 287,895
Simply Good Foods Co. (The)(1)   3,114 123,314
SouthState Corp.   3,491 294,815
SPS Commerce, Inc.(1)   741 143,635
Teleflex, Inc.   1,336 333,118
Texas Roadhouse, Inc.   1,468 179,434
Tradeweb Markets, Inc., Class A   3,893 353,796
Tyler Technologies, Inc.(1)   530 221,604
Visteon Corp.(1)   695 86,805
W.R. Berkley Corp.   5,339 377,574
White Mountains Insurance Group, Ltd.   203 305,517
Woodward, Inc.   1,509 205,420
Wyndham Hotels & Resorts, Inc.   4,615 371,092
      $16,608,397
Total Common Stocks
(identified cost $21,808,834) 		    $27,256,916
    
Short-Term Investments — 1.7%
    
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.27%(3)   460,957 $   460,957
Total Short-Term Investments
(identified cost $460,957) 		    $   460,957
    
     
Total Investments — 100.2%
(identified cost $22,269,791) 		  $27,717,873
Other Assets, Less Liabilities — (0.2)%   $   (47,524)
Net Assets — 100.0%   $27,670,349
    
 
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Calvert
Global Small-Cap Equity Fund
December 31, 2023
Schedule of Investments (Unaudited) — continued
The percentage shown for each investment category in the Schedule of Investments is based on net assets.
(1) Non-income producing security.
(2) Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At December 31, 2023, the aggregate value of these securities is $724,255 or 2.6% of the Fund's net assets.
(3) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of December 31, 2023.
At December 31, 2023, the concentration of the Fund’s investments in the various sectors, determined as a percentage of net assets, was as follows:
Economic Sectors % of Net Assets
Industrials 25.4%
Financials 16.9
Consumer Discretionary 12.0
Health Care 10.8
Information Technology 10.1
Real Estate 8.2
Consumer Staples 5.0
Materials 4.4
Communication Services 3.0
Utilities 2.7
Total 98.5%
 
Abbreviations: 
ADR – American Depositary Receipt
The Fund did not have any open derivative instruments at December 31, 2023.
Affiliated Investments
At December 31, 2023, the value of the Fund's investment in funds that may be deemed to be affiliated was $460,957, which represents 1.7% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended December 31, 2023 were as  follows:
Name Value,
beginning
of period 		Purchases Sales
proceeds 		Net
realized
gain
(loss) 		Change in
unrealized
appreciation
(depreciation) 		Value,
end of
period 		Dividend
income 		Shares,
end of
period
Short-Term Investments            
Liquidity Fund, Institutional Class(1) $119,406 $3,761,807 $(3,420,256) $ — $ — $460,957 $4,398 460,957
    
(1) Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.
Fair Value Measurements
U.S. generally accepted accounting principles (U.S. GAAP) establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:
Level 1 - quoted prices in active markets for identical securities
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following table summarizes the market value of the Fund's holdings as of December 31, 2023, based on the inputs used to value them:
Asset Description  Level 1  Level 2  Level 3  Total 
Common Stocks:        
Australia $ — $820,654 $ — $820,654
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Calvert
Global Small-Cap Equity Fund
December 31, 2023
Schedule of Investments (Unaudited) — continued
Asset Description (continued) Level 1  Level 2  Level 3  Total 
Belgium $ — $411,509 $ — $411,509
Canada 742,229  —  — 742,229
France  — 187,423  — 187,423
Germany  — 334,420  — 334,420
Italy  — 751,296  — 751,296
Japan  — 3,007,335  — 3,007,335
Luxembourg  — 23,280  — 23,280
Netherlands  — 525,787  — 525,787
New Zealand  — 148,937  — 148,937
Norway  — 113,572  — 113,572
Singapore  — 102,092  — 102,092
Spain  — 126,710  — 126,710
Sweden 147,985 579,149  — 727,134
Switzerland  — 123,528  — 123,528
United Kingdom 329,759 2,172,854  — 2,502,613
United States 16,608,397  —  — 16,608,397
Total Common Stocks $17,828,370 $9,428,546(1) $ — $27,256,916
Short-Term Investments $460,957 $ — $ — $460,957
Total Investments $18,289,327 $9,428,546 $ — $27,717,873
    
(1) Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.
For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.
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