Fund
CEFIX
Price as of:
$19.73
+ $0.39
+ 2.02%
Primary Theme
fund company
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
27.5%
1 yr return
57.1%
3 Yr Avg Return
27.7%
5 Yr Avg Return
12.0%
Net Assets
$151 M
Holdings in Top 10
32.5%
52 WEEK LOW AND HIGH
$19.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.13%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 64.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CEFIX - Profile
Distributions
- YTD Total Return 27.5%
- 3 Yr Annualized Total Return 27.7%
- 5 Yr Annualized Total Return 12.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.71%
- Dividend Yield 2.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameCalvert Emerging Markets Advancement Fund
-
Fund Family NameCalvert
-
Inception DateOct 01, 2019
-
Shares Outstanding6608169
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMarshall Stocker
Fund Description
Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities issued by companies located in emerging market countries. Companies located in emerging market countries are defined as those companies tied economically to countries included in the Calvert Emerging Markets Responsible Index (the “Index”) (described below).
Equity securities held by the Fund will primarily include common stock, preferred stock, depositary receipts and equity-equivalent securities, such as participation notes (“P-Notes”). The Fund may invest in securities issued by companies with a broad range of market capitalization, including smaller companies. The Fund may also invest in real estate investment trusts (“REITs”). The Fund may purchase and sell derivative instruments, including, but not limited to, futures and forward foreign currency exchange contracts.
The Fund may engage in derivative transactions to hedge against fluctuations in securities prices or currency exchange rates, or as a substitute for the purchase or sale of securities or currencies. The Fund may also lend its securities.
The Fund seeks to employ a top-down investment process based on macroeconomic and governance assessments at the country level. In managing the Fund, the investment adviser seeks to gain exposure to countries with the following characteristics: political and economic conditions that suggest an improving governance and investment climate and/or adoption of policies or other actions that the investment adviser believes will result in increased corporate cash flow and/or reduced discount rates. Security selection within each country generally will be based on the constituents of the Index. The Fund generally intends to hold Index constituents, located in countries selected for investment, in scale to match the proportional security weight of such constituent within the Index. The Fund may invest up to 35% of its total assets in securities of companies whose business activities are in the same industry, to the extent that such industry accounts for more than 15% of the Fund’s primary benchmark.
In addition to meeting certain capitalization and trading requirements, constituents of the Index must meet the environmental, social and governance (“ESG”) factors discussed below. The Fund may also invest in securities outside of the Index to broaden its exposure to countries included in the Index and to seek exposure to countries not included in the Index. Such non-Index securities will meet the Index’s ESG criteria. The investment adviser will pursue engagement opportunities across the portfolio with both company management and government officials to seek to advance ESG change from the bottom-up stock level and from the top-down at a country level.
Calvert Emerging Markets Responsible Index. The Index is a proprietary index of CRM, the Fund’s investment adviser. Christopher Madden, CFA, Co-Head of Applied Responsible Investment Solutions, and Zi Ye, Index Manager, manage the Index construction process. The Index is composed of equity securities of up to the 1,000 largest companies by market capitalization that are listed on certain global stock exchanges and issued by publicly traded companies located in or tied economically to countries that CRM has classified as emerging markets. Determinations as to whether an equity security represents a company located in or tied economically to an emerging market is based on an assessment of headquarters location, country of incorporation, primary exchange, and country of greatest revenue. CRM determines emerging market countries based on a set of criteria including level of economic development, existence of capital controls, openness to foreign direct investment, market trading and liquidity conditions, regulatory environment, treatment of minority shareholders, and investor expectations. For information about which countries CRM has currently classified as emerging markets for purposes of the Index, please see Calvert’s Country Classification, which can be found here: https://www.calvert.com/media/public/43707.pdf.
The Index universe excludes business development companies and equity securities listed less than six months from the last business day of the month preceding reconstitution. Additionally, companies that are included in the Index universe must meet certain capitalization and trading requirements.
Calvert then selects Index components that operate their businesses in a manner that is consistent with the Calvert Principles for Responsible Investing (the “Principles”). The Principles serve as a framework for considering ESG factors (a copy of which is included as an appendix to the Fund’s prospectus). CRM’s Index Committee may determine to exclude from the Index a company that operates its business in a manner consistent with the Principles, but has been determined by CRM’s Index Committee to have exposure to a product and/or environmental factor believed to present significant health or environmental risks. Companies selected for inclusion in the Index are then weighted by CRM based on market capitalization, and by a combination of country and sector.
The Index is rebalanced quarterly on the third Friday of the last month of each calendar quarter and reconstituted annually on the third Friday of June.
CEFIX - Performance
Return Ranking - Trailing
| Period | CEFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.5% | -18.5% | 102.9% | 53.01% |
| 1 Yr | 57.1% | -14.2% | 239.7% | 43.83% |
| 3 Yr | 27.7%* | -0.2% | 66.1% | 17.91% |
| 5 Yr | 12.0%* | -11.3% | 25.5% | 6.69% |
| 10 Yr | N/A* | 0.8% | 21.5% | 36.76% |
* Annualized
Return Ranking - Calendar
| Period | CEFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 34.1% | -39.1% | 56.9% | 14.51% |
| 2024 | 9.3% | -24.0% | 31.7% | 13.41% |
| 2023 | 8.1% | -6.5% | 35.5% | 56.08% |
| 2022 | -19.5% | -50.1% | -2.4% | 16.61% |
| 2021 | -4.1% | -33.1% | 22.5% | 41.87% |
Total Return Ranking - Trailing
| Period | CEFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.5% | -18.5% | 102.9% | 53.01% |
| 1 Yr | 57.1% | -14.2% | 239.7% | 43.83% |
| 3 Yr | 27.7%* | -0.2% | 66.1% | 17.91% |
| 5 Yr | 12.0%* | -11.3% | 25.5% | 6.69% |
| 10 Yr | N/A* | 0.8% | 21.5% | 52.05% |
* Annualized
Total Return Ranking - Calendar
| Period | CEFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 38.5% | 0.1% | 87.2% | 14.67% |
| 2024 | 11.2% | -16.6% | 31.7% | 14.83% |
| 2023 | 11.6% | -2.5% | 42.0% | 45.66% |
| 2022 | -15.1% | -42.2% | 1.9% | 11.56% |
| 2021 | 0.3% | -32.5% | 33.1% | 44.29% |
NAV & Total Return History
CEFIX - Holdings
Concentration Analysis
| CEFIX | Category Low | Category High | CEFIX % Rank | |
|---|---|---|---|---|
| Net Assets | 151 M | 682 K | 160 B | 77.44% |
| Number of Holdings | 331 | 10 | 7640 | 20.50% |
| Net Assets in Top 10 | 43.8 M | 290 K | 47.3 B | 79.81% |
| Weighting of Top 10 | 32.48% | 2.9% | 107.6% | 76.78% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 5.92%
- Samsung Electronics Co Ltd 5.27%
- Bank of Cyprus Holdings PLC 3.49%
- SK hynix Inc 2.96%
- National Bank of Greece SA 2.89%
- Nova Ljubljanska Banka dd 2.84%
- Morgan Stanley Institutional Liquidity Funds - Government Portfolio 2.50%
- Georgia Capital PLC 2.24%
- Eurobank SA 2.20%
- Sociedad Quimica y Minera de Chile SA 2.18%
Asset Allocation
| Weighting | Return Low | Return High | CEFIX % Rank | |
|---|---|---|---|---|
| Stocks | 88.35% | 0.00% | 102.89% | 94.79% |
| Cash | 6.73% | -2.03% | 17.54% | 4.42% |
| Preferred Stocks | 4.76% | 0.00% | 12.21% | 9.31% |
| Other | 0.15% | -0.56% | 10.07% | 14.35% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 8.43% |
| Bonds | 0.00% | 0.00% | 138.18% | 16.88% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CEFIX % Rank | |
|---|---|---|---|---|
| Financial Services | 24.62% | 0.00% | 48.86% | 26.08% |
| Technology | 19.33% | 0.00% | 47.50% | 68.32% |
| Communication Services | 19.11% | 0.00% | 39.29% | 1.12% |
| Consumer Cyclical | 10.82% | 0.00% | 48.94% | 70.88% |
| Consumer Defense | 7.40% | 0.00% | 25.90% | 28.96% |
| Industrials | 4.72% | 0.00% | 43.53% | 69.60% |
| Healthcare | 4.09% | 0.00% | 16.53% | 43.84% |
| Basic Materials | 4.08% | 0.00% | 30.03% | 81.60% |
| Real Estate | 3.67% | 0.00% | 17.15% | 14.40% |
| Utilities | 2.00% | 0.00% | 39.12% | 36.96% |
| Energy | 0.16% | 0.00% | 24.80% | 87.68% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CEFIX % Rank | |
|---|---|---|---|---|
| Non US | 83.01% | 0.00% | 100.93% | 56.94% |
| US | 5.34% | 0.00% | 96.45% | 72.71% |
CEFIX - Expenses
Operational Fees
| CEFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.13% | 0.02% | 26.99% | 60.60% |
| Management Fee | 0.75% | 0.00% | 1.50% | 28.59% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 11.42% |
| Administrative Fee | 0.12% | 0.01% | 0.85% | 67.69% |
Sales Fees
| CEFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| CEFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 65.47% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CEFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 64.00% | 0.00% | 189.00% | 68.24% |
CEFIX - Distributions
Dividend Yield Analysis
| CEFIX | Category Low | Category High | CEFIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.51% | 0.00% | 9.74% | 20.82% |
Dividend Distribution Analysis
| CEFIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| CEFIX | Category Low | Category High | CEFIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.71% | -1.98% | 17.62% | 52.37% |
Capital Gain Distribution Analysis
| CEFIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2025 | $0.485 | OrdinaryDividend |
| Dec 19, 2024 | $0.203 | OrdinaryDividend |
| Dec 21, 2023 | $0.338 | OrdinaryDividend |
| Dec 29, 2022 | $0.538 | OrdinaryDividend |
| Dec 29, 2021 | $0.555 | OrdinaryDividend |
| Dec 29, 2020 | $0.016 | OrdinaryDividend |
| Dec 02, 2019 | $0.026 | CapitalGainShortTerm |
| Dec 02, 2019 | $0.027 | CapitalGainLongTerm |
CEFIX - Fund Manager Analysis
Managers
Marshall Stocker
Start Date
Tenure
Tenure Rank
Oct 01, 2019
2.67
2.7%
Marshall Stocker is a vice president of Eaton Vance Management, director of country research and portfolio manager on Eaton Vance’s emerging markets team. As a portfolio manager, he is responsible for buy and sell decisions, portfolio construction and risk management for assets in emerging and frontier markets. As director of country research, he leads the emerging markets team focused on analyzing country-level political-economic policies. He joined Eaton Vance in 2013. Marshall began his career in the investment management industry in 1999. Before joining Eaton Vance, he served as co-founder and managing member of Emergent Property Advisors, LLC. Previously, Marshall was a portfolio manager with Choate Investment Advisors and Sanderson & Stocker. Marshall earned a B.S. and an MBA from Cornell University, where he was a Park Leadership Fellow, and a Ph.D. in economics at Universidad Francisco Marroquin. He is also a CFA charterholder and is conversant in German and Arabic. He is a benefactor of the Cato Institute, Foundation for Economic Education and the Atlas Network. In 2017, he became a member of the Mont Pelerin Society. Marshall's commentary has appeared in The New York Times, The Wall Street Journal, Barron's, Financial Times and The Washington Post and Bloomberg. He has also been featured on Bloomberg Radio, Fox Business News and Nikkei CNBC Japan.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.79 | 13.42 |