Name
As of 07/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.5%
1 yr return
-10.7%
3 Yr Avg Return
-5.6%
5 Yr Avg Return
9.2%
Net Assets
$155 M
Holdings in Top 10
12.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.18%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 50.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 07/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CGACX - Profile
Distributions
- YTD Total Return -3.5%
- 3 Yr Annualized Total Return -5.6%
- 5 Yr Annualized Total Return 9.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.27%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameCalvert Global Energy Solutions Fund
-
Fund Family NameCalvert Investments
-
Inception DateAug 01, 2007
-
Shares Outstanding894897
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Seto
Fund Description
Calvert Global Energy Research Index. CRM will derive the index universe for the Index by identifying companies that manage energy use in a sustainable manner or that are actively engaged in facilitating the transition to a more sustainable economy through the reduction of greenhouse gas emissions and the expanded use of renewable energy sources (the “Index Universe”). Companies must satisfy minimum equity market capitalization and liquidity thresholds and be significantly involved in energy-related business activities in order to be eligible for inclusion in the Index Universe. CRM selects Index components from the Index Universe that operate their businesses in a manner consistent with The Calvert Principles for Responsible Investment (the “Calvert Principles”). The Calvert Principles serve as a framework for considering environmental, social and governance (“ESG”) factors that may affect investment performance. The Index is owned by CRM, which also serves as investment adviser to the Fund. Christopher Madden, CFA, Co-Head of Applied Responsible Investment Solutions, and Zi Ye, Index Manager, manage the Index construction process at CRM. Companies in the sustainable energy solutions industry are significantly involved in energy-related business activities. A company is significantly involved in energy-related business activities if (i) at least 30 percent (25 percent for any current Index components) of its total revenues or earnings are derived from the production and/or distribution of renewable energy including solar, wind, biomass, waste-to-energy, geothermal, biofuels, and hydropower (“Renewable Energy Producers/Distributors”), it provides technologies and materials that assist in the move away from fossil fuels or reduce energy consumption, such as power storage, smart grid applications, and carbon capture technologies (“Energy Technology Providers”), or it offers products and services that improve energy efficiency for residential or commercial use (“Energy Efficiency Providers”); (ii) it is a leader in energy efficiency and/or the use of renewables in the most energy intensive industries, such as the cement and steel industries (“Energy Use Leaders”); or (iii) it provides innovative solutions to global energy challenges, as defined by the relevant United Nations’ Sustainable Development Goals (“Energy Innovators”). For Renewable Energy Producers/Distributors, Energy Technology Providers and Energy Efficiency Providers that do not disclose an exact percentage of revenue derived from energy solutions-related business activities, CRM may seek to estimate such percentage based on its research. To be included in the Index Universe, Renewable Energy Producers/Distributors, Energy Technology Providers, Energy Efficiency Providers and Energy Use Leaders must have, at the time of each Index reconstitution, a minimum market capitalization of $600 million ($550 million for any current Index components), a minimum $400 million float-adjusted market capitalization, and both 20-day average daily trading volume and median daily trading volume of at least $750,000 on their primary exchange. To be included in the Index Universe, Energy Innovators must have, at the time of each Index reconstitution, a minimum $300 million float-adjusted market capitalization, float that equals or exceeds 30% of the issued and outstanding shares of the company, and both 20-day average daily trading volume and median daily trading volume of at least $750,000 on their primary exchange.
At each Index reconstitution and rebalance, Renewable Energy Producers/Distributors, Technology Providers, and Energy Efficiency Providers are each allocated approximately 25% of the Index, and stocks of companies classified in these categories are weighted based on their free float, natural log-weighted market capitalization within each category. This weighting methodology seeks to limit the potential for large-cap and mega large-cap companies to dominate the Index while allowing for increased exposure to small-cap and micro-cap companies. At each Index reconstitution and rebalance, Energy Use Leaders and Energy Innovators are, together, allocated approximately 25% of the Index and stocks of companies classified in these categories are equal weighted. CRM will select a maximum of 50 companies across the Energy Use Leaders and Energy Innovators categories. Within the Energy Use Leaders category, CRM will select a maximum of three companies from each energy intensive industry. Emerging market companies are limited to a 20% weight in the Index. The maximum weight of any individual security in the Index is 5%. The number of companies in the Index will change over time due to CRM’s evaluation of an issuer relative to the Calvert Principles or corporate actions involving companies in the Index. The Index is reconstituted annually and is rebalanced quarterly.
At each Index reconstitution and rebalance, at least 40% of the total market value of the Index will be comprised of non-U.S. securities. Securities will be considered non-U.S. securities based on an analysis of various criteria, including a company’s principal place of business, the primary exchange on which the security is traded, and the country in which the greatest percentage of company revenue is generated. All Index components must be listed on a stock exchange in either a developed country or an emerging market country.
At each Index reconstitution and rebalance, at least 40% of the total market value of the Index will have economic exposure to the sustainable energy solutions industry through (I) the percentage of revenues or earnings of the Index components that are generated from products, services or technologies related to sustainable energy solutions or (ii) the percentage of assets of the Index components that are utilized to produce those products, deliver those services, or deploy those technologies.
CGACX - Performance
Return Ranking - Trailing
Period | CGACX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.5% | -44.3% | 9.5% | 22.44% |
1 Yr | -10.7% | -51.1% | 24.7% | 44.52% |
3 Yr | -5.6%* | -6.4% | 28.0% | 6.08% |
5 Yr | 9.2%* | -4.2% | 18.3% | 11.20% |
10 Yr | 3.8%* | 1.0% | 13.7% | 83.33% |
* Annualized
Return Ranking - Calendar
Period | CGACX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.5% | -50.5% | 18.8% | 33.11% |
2022 | -18.2% | -27.4% | 103.5% | 5.59% |
2021 | 5.6% | 3.5% | 66.4% | 4.29% |
2020 | 59.6% | -64.5% | 5.6% | 48.41% |
2019 | 31.8% | -9.3% | 49.7% | 24.53% |
Total Return Ranking - Trailing
Period | CGACX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.5% | -44.3% | 9.5% | 19.23% |
1 Yr | -10.7% | -51.1% | 24.7% | 43.23% |
3 Yr | -5.6%* | -6.4% | 28.0% | 5.41% |
5 Yr | 9.2%* | -4.2% | 18.3% | 10.40% |
10 Yr | 3.8%* | 1.0% | 13.7% | 83.33% |
* Annualized
Total Return Ranking - Calendar
Period | CGACX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.6% | -50.6% | 18.8% | 33.11% |
2022 | -18.2% | -27.4% | 103.5% | 5.59% |
2021 | 5.6% | 3.5% | 66.4% | 4.29% |
2020 | 59.8% | -64.5% | 5.6% | 67.46% |
2019 | 32.3% | -9.3% | 53.2% | 34.91% |
NAV & Total Return History
CGACX - Holdings
Concentration Analysis
CGACX | Category Low | Category High | CGACX % Rank | |
---|---|---|---|---|
Net Assets | 155 M | 2.31 M | 71.6 B | 35.63% |
Number of Holdings | 161 | 31 | 9561 | 18.75% |
Net Assets in Top 10 | 20.1 M | 452 K | 5.44 B | 63.13% |
Weighting of Top 10 | 12.63% | 4.2% | 63.4% | 87.50% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 4.92%
- Encavis AG 1.04%
- Orsted AS 0.85%
- Delta Electronics Inc 0.85%
- Brookfield Renewable Partners LP 0.84%
- Infratil Ltd 0.84%
- Algonquin Power Utilities Corp 0.83%
- Meridian Energy Ltd 0.83%
- Hubbell Inc 0.82%
- Mitsubishi Electric Corp 0.82%
Asset Allocation
Weighting | Return Low | Return High | CGACX % Rank | |
---|---|---|---|---|
Stocks | 100.10% | 40.59% | 104.41% | 25.00% |
Cash | 4.93% | -4.41% | 47.07% | 77.50% |
Preferred Stocks | 0.00% | 0.00% | 1.04% | 58.13% |
Other | 0.00% | -7.94% | 19.71% | 68.75% |
Convertible Bonds | 0.00% | 0.00% | 7.55% | 53.75% |
Bonds | 0.00% | 0.00% | 8.07% | 5.63% |
Stock Sector Breakdown
Weighting | Return Low | Return High | CGACX % Rank | |
---|---|---|---|---|
Industrials | 37.86% | 0.00% | 53.77% | 4.38% |
Utilities | 24.45% | 0.00% | 70.33% | 5.00% |
Technology | 16.46% | 0.00% | 93.40% | 58.13% |
Basic Materials | 8.90% | 0.00% | 26.39% | 29.38% |
Consumer Cyclical | 6.23% | 0.00% | 71.20% | 81.25% |
Real Estate | 2.32% | 0.00% | 43.48% | 51.88% |
Consumer Defense | 1.95% | 0.00% | 52.28% | 88.75% |
Energy | 1.32% | 0.00% | 36.56% | 47.50% |
Communication Services | 0.51% | 0.00% | 23.15% | 83.13% |
Healthcare | 0.00% | 0.00% | 28.38% | 95.00% |
Financial Services | 0.00% | 0.00% | 75.07% | 94.38% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | CGACX % Rank | |
---|---|---|---|---|
Non US | 62.63% | 12.39% | 83.06% | 7.50% |
US | 37.47% | 6.76% | 79.19% | 86.88% |
CGACX - Expenses
Operational Fees
CGACX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.18% | 0.43% | 2.93% | 12.50% |
Management Fee | 0.87% | 0.30% | 1.25% | 59.38% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 88.89% |
Administrative Fee | 0.12% | 0.03% | 0.15% | 79.25% |
Sales Fees
CGACX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 61.90% |
Trading Fees
CGACX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 43.59% |
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.
CGACX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 50.00% | 7.00% | 145.00% | 71.11% |
CGACX - Distributions
Dividend Yield Analysis
CGACX | Category Low | Category High | CGACX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.07% | 0.00% | 14.18% | 58.75% |
Dividend Distribution Analysis
CGACX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
CGACX | Category Low | Category High | CGACX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.27% | -1.92% | 6.98% | 62.42% |
Capital Gain Distribution Analysis
CGACX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 21, 2023 | $0.007 | OrdinaryDividend |
Dec 17, 2020 | $0.015 | OrdinaryDividend |
Dec 19, 2019 | $0.027 | OrdinaryDividend |
Dec 28, 2018 | $0.046 | OrdinaryDividend |
Dec 28, 2017 | $0.039 | OrdinaryDividend |
Dec 27, 2016 | $0.011 | OrdinaryDividend |
Dec 22, 2011 | $0.049 | OrdinaryDividend |
CGACX - Fund Manager Analysis
Managers
Thomas Seto
Start Date
Tenure
Tenure Rank
Dec 31, 2016
5.42
5.4%
Thomas is responsible for all portfolio management and trading related to our equity strategies. Prior to joining Parametric in 1998, Thomas served as the head of US Equity Index investments at Barclays Global Investors. He earned an MBA in finance from the University of Chicago Booth School of Business and a BS in electrical engineering from the University of Washington.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 39.6 | 7.02 | 9.33 |