Calvert Growth Allocation Fund
CAGIX
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- Calvert Growth Allocation Fund (CAGIX) is an open-end mutual fund that operates as a fund of funds, seeking long-term capital appreciation by typically allocating 80% to 100% of its assets to underlying Calvert Funds focused primarily on equity securities; 0% to 20% to Calvert Funds investing primarily in fixed-income securities; and 0% to 10% to cash and money market instruments. The fund incorporates environmental, social, and governance (ESG) criteria through the Calvert Principles for Responsible Investment, guiding its selection of underlying funds such as Calvert US Large Cap Core Responsible Index Fund (Class R6), Calvert International Responsible Index Fund (Class R6), Calvert US Large Cap Growth Responsible Index Fund (Class R6), Calvert US Large Cap Value Responsible Index Fund (Class R6), Calvert Equity Fund, Calvert International Equity Fund, Calvert Focused Value Fund, Calvert Emerging Markets Advancement Fund, Calvert International Opportunities Fund, and Calvert Bond Fund. Its asset allocation emphasizes equities at approximately 90%, with fixed income around 9% and cash at 1%, targeting a global aggressive allocation strategy across U.S. and non-U.S. stocks, bonds, technology, financial services, industrials, and healthcare sectors. Launched with Class A shares in 2005 and Class I shares (CAGIX) on May 20, 2016, the fund is domiciled in the United States and managed by Calvert Research and Management, a Morgan Stanley Investment Management affiliate headquartered at 1825 Connecticut Avenue NW, Washington, D.C. Class I shares require a minimum initial investment of $1,000,000, feature a net expense ratio of 0.70%, and as of September 30, 2025, the fund's total net assets stood at $366.70 million. It is available for sale in the United States, with portfolio managers including Schuyler Hooper, CFA (since November 2021) and Jim Caron (since February 2024). In recent years, Calvert Research and Management, the fund's adviser, underwent significant ownership transitions, including its formation following Eaton Vance's 2017 acquisition of Calvert Investment Management's assets and Morgan Stanley's $7 billion acquisition of Eaton Vance, completed on March 1, 2021, integrating Calvert into Morgan Stanley's asset management platform. The fund maintained its ESG-focused strategy amid these changes, with no major portfolio reallocations or new product launches specific to CAGIX reported in 2024 or 2025; however, it continued annual distributions and quarterly performance reporting, reflecting steady operations as of third-quarter 2025 factsheet data. As of late 2025, total net assets remained stable around $353-367 million across recent disclosures.