- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Bethesda, MD 20814 Bethesda MD United States of America 20814
- IPO Date
- Nov 4, 2015
- Business
- Calvert International Responsible Index Fund Class A (CDHAX) is an open-end mutual fund that seeks to track the performance of the Calvert International Responsible Index, a benchmark comprising stocks from developed markets outside the United States that meet Calvert's environmental, social, and governance (ESG) criteria based on its Principles for Responsible Investment. The fund normally invests at least 95% of its net assets, including borrowings for investment purposes, in securities included in the index; it offers multiple share classes including A (front-load with expense ratio of 0.54%), I, R6, and others, with total net assets exceeding $1.2 billion as of mid-2025. Calvert Research and Management, the fund's investment adviser, provides a suite of responsible investment strategies encompassing equity, fixed income, multi-asset, and alternative approaches, with over $51 billion in total assets under management; the firm, founded in 1976 and headquartered in Washington, D.C., operates as part of Morgan Stanley Investment Management following the 2021 acquisition of Eaton Vance.
The fund targets institutional and retail investors seeking ESG-aligned exposure to foreign large-blend equities, with top holdings including Taiwan Semiconductor Manufacturing Co. Ltd., SAP SE, Nestle SA, ASML Holding NV, and Toyota Motor Corp.; it features low turnover of approximately 10% and a TTM yield of 2.31%, categorized under Foreign Large Blend by Morningstar. Geographically, the portfolio focuses on developed international markets such as Europe, Japan, and Asia-Pacific, excluding U.S. securities. Launched on October 30, 2015, the fund emphasizes liquidity and market risk management alongside its responsible investment mandate.
In recent developments, Calvert Research and Management integrated into Morgan Stanley Investment Management post the March 2021 completion of Morgan Stanley's $7 billion acquisition of Eaton Vance, enhancing distribution through platforms like Eaton Vance Distributors, Inc. and expanding ESG offerings including five Calvert-branded ETFs. Manager changes occurred in July 2024, with Gordon Wotherspoon and Jennifer Mihara assuming portfolio responsibilities. In 2025, Morgan Stanley launched complementary products such as the Eaton Vance Income Opportunities ETF and Tax Optimized Portfolio Solutions (TOPS), incorporating Calvert's responsible strategies to broaden investor access.