- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Bethesda, MD 20814 Bethesda MD United States of America 20814
- IPO Date
- Feb 7, 2019
- Business
- Calvert International Responsible Index Fund Class R6 (CDHRX) is an open-end mutual fund that seeks to track the Calvert International Responsible Index by investing at least 95% of its net assets in securities from the index, which comprises stocks from the 1,000 largest companies in international developed markets screened according to the Calvert Principles for Responsible Investment; the fund emphasizes environmental, social, and governance (ESG) criteria in its passive management approach, with a blend investment style focused on large-cap foreign equities, primarily non-U.S. stocks (97.03% allocation), diversified across sectors such as financial services (22.02%), technology (15.78%), and industrials (15.59%), and regions including the Eurozone (26.92%), Japan (16.69%), and Europe ex-Euro (14.60%). Top holdings include Taiwan Semiconductor Manufacturing Co Ltd (2.93%), SAP SE (1.39%), Nestle SA (1.37%), ASML Holding NV (1.20%), and Toyota Motor Corp (1.20%), representing 8.09% of the portfolio; the fund features a net expense ratio of 0.26%, daily pricing, and a minimum initial investment of $5 million for R6 shares. Launched on February 1, 2019, CDHRX is managed by Calvert Research and Management, a Washington, D.C.-headquartered firm founded in 1976 as a pioneer in responsible investing and now a wholly owned subsidiary of Morgan Stanley Investment Management, with total net assets of $1.21 billion and R6 share class size of $188.05 million.
The fund targets institutional and high-net-worth investors seeking ESG-aligned exposure to foreign large-blend equities in developed markets outside the U.S., available for sale in the United States with no front-end or deferred loads. Recent management changes include the appointment of Gordon Wotherspoon and Jennifer Mihara as co-portfolio managers effective July 1, 2024, reflecting a transition in oversight by Calvert's index construction team. Calvert Research and Management, the fund's adviser, has undergone strategic integration as part of Morgan Stanley Investment Management, including expansions such as the 2023 rebranding and enhancement of the Calvert Global Equity Fund through acquisition of assets from Eaton Vance Focused Global Opportunities Fund; in 2025, Morgan Stanley announced the liquidation of the related Calvert US Select Equity ETF (CVSE) effective September, signaling portfolio rationalization amid broader ESG product lineup adjustments. These developments underscore Calvert's ongoing commitment to refining its responsible investment offerings under Morgan Stanley's global platform.