UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act File number: 811-09877
Calvert Responsible Index Series, Inc.
(Exact Name of Registrant as Specified in Charter)
1825 Connecticut Avenue NW, Suite 400, Washington, DC 20009
(Address of Principal Executive Offices)
Deidre E. Walsh
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Service)
(202) 238-2200
(Registrant’s telephone number)
September 30
Date of Fiscal Year End
March 31, 2022
Date of Reporting Period
Item 1. Report to Stockholders.
% Average Annual Total Returns1,2 | Class Inception Date | Performance Inception Date | Six Months | One Year | Five Years | Ten Years |
Class A at NAV | 06/30/2000 | 06/30/2000 | 1.91% | 10.82% | 16.02% | 14.41% |
Class A with 4.75% Maximum Sales Charge | — | — | (2.93) | 5.55 | 14.89 | 13.86 |
Class C at NAV | 06/30/2000 | 06/30/2000 | 1.54 | 9.99 | 15.15 | 13.68 |
Class C with 1% Maximum Sales Charge | — | — | 0.54 | 8.99 | 15.15 | 13.68 |
Class I at NAV | 06/30/2000 | 06/30/2000 | 2.04 | 11.09 | 16.36 | 14.84 |
Class R6 at NAV | 10/03/2017 | 06/30/2000 | 2.06 | 11.18 | 16.39 | 14.86 |
Russell 1000® Index | — | — | 4.15% | 13.27% | 15.81% | 14.52% |
Calvert US Large-Cap Core Responsible Index | — | — | 2.14 | 11.46 | 16.72 | 15.20 |
% Total Annual Operating Expense Ratios3 | Class A | Class C | Class I | Class R6 |
Gross | 0.59% | 1.34% | 0.34% | 0.29% |
Net | 0.49 | 1.24 | 0.24 | 0.19 |
Top 10 Holdings (% of net assets)* | |
Apple, Inc. | 7.1% |
Microsoft Corp. | 5.7 |
Alphabet, Inc., Class A | 4.1 |
Amazon.com, Inc. | 3.7 |
Tesla, Inc. | 2.4 |
NVIDIA Corp. | 1.8 |
JPMorgan Chase & Co. | 1.1 |
Visa, Inc., Class A | 1.0 |
Procter & Gamble Co. (The) | 1.0 |
Mastercard, Inc., Class A | 0.9 |
Total | 28.8% |
* | Excludes cash and cash equivalents. |
1 | Russell 1000® Index is an unmanaged index of U.S. large-cap stocks. Calvert US Large-Cap Core Responsible Index (the “Calvert Index”) is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. Large companies are the 1,000 largest publicly traded U.S. companies based on market capitalization, excluding real estate investment trusts and business development companies. The Calvert Principles for Responsible Investment serve as a framework for considering environmental, social and governance factors that may affect investment performance. Stocks are weighted in the Calvert Index based on their float-adjusted market capitalization within the relevant sector, subject to certain prescribed limits. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
2 | Total Returns at NAV do not include applicable sales charges. If sales charges were deducted, the returns would be lower. Total Returns shown with maximum sales charge reflect the stated maximum sales charge. Unless otherwise stated, performance does not reflect the deduction of taxes on Fund distributions or redemptions of Fund shares.Performance prior to the inception date of a class may be linked to the performance of an older class of the Fund. This linked performance is adjusted for any applicable sales charge, but is not adjusted for class expense differences. If adjusted for such differences, the performance would be different. The performance of Class R6 is linked to Class I. Performance presented in the Financial Highlights included in the financial statements is not linked.Effective November 5, 2020, Class C shares automatically convert to Class A shares eight years after purchase. The average annual total returns listed for Class C reflect conversion to Class A shares after eight years. Prior to November 5, 2020, Class C shares automatically converted to Class A shares ten years after purchase.Calvert Research and Management became the investment adviser to the Fund on December 31, 2016. Performance reflected prior to such date is that of the Fund’s former investment adviser. |
3 | Source: Fund prospectus. Net expense ratios reflect a contractual expense reimbursement that continues through 1/31/23. The expense ratios for the current reporting period can be found in the Financial Highlights section of this report. Performance reflects expenses waived and/or reimbursed, if applicable. Without such waivers and/or reimbursements, performance would have been lower. |
Beginning Account Value (10/1/21) | Ending Account Value (3/31/22) | Expenses Paid During Period* (10/1/21 – 3/31/22) | Annualized Expense Ratio | |
Actual | ||||
Class A | $1,000.00 | $1,019.10 | $2.47 ** | 0.49% |
Class C | $1,000.00 | $1,015.40 | $6.23 ** | 1.24% |
Class I | $1,000.00 | $1,020.40 | $1.21 ** | 0.24% |
Class R6 | $1,000.00 | $1,020.60 | $0.96 ** | 0.19% |
Hypothetical | ||||
(5% return per year before expenses) | ||||
Class A | $1,000.00 | $1,022.49 | $2.47 ** | 0.49% |
Class C | $1,000.00 | $1,018.75 | $6.24 ** | 1.24% |
Class I | $1,000.00 | $1,023.73 | $1.21 ** | 0.24% |
Class R6 | $1,000.00 | $1,023.98 | $0.96 ** | 0.19% |
* | Expenses are equal to the Fund's annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on September 30, 2021. |
** | Absent a waiver and/or reimbursement of expenses by an affiliate, expenses would be higher. |
Common Stocks — 99.6% |
Security | Shares | Value | |
Aerospace & Defense — 0.1% | |||
Axon Enterprise, Inc.(1) | 13,683 | $ 1,884,560 | |
Curtiss-Wright Corp. | 6,547 | 983,097 | |
HEICO Corp. | 9,763 | 1,499,011 | |
Hexcel Corp. | 12,890 | 766,568 | |
Woodward, Inc. | 11,468 | 1,432,468 | |
$ 6,565,704 | |||
Air Freight & Logistics — 0.7% | |||
C.H. Robinson Worldwide, Inc. | 18,195 | $ 1,959,784 | |
Expeditors International of Washington, Inc. | 23,113 | 2,384,337 | |
FedEx Corp. | 34,490 | 7,980,641 | |
GXO Logistics, Inc.(1) | 14,264 | 1,017,594 | |
United Parcel Service, Inc., Class B | 103,505 | 22,197,682 | |
$ 35,540,038 | |||
Airlines — 0.2% | |||
Alaska Air Group, Inc.(1) | 19,298 | $ 1,119,477 | |
American Airlines Group, Inc.(1) | 88,283 | 1,611,165 | |
Delta Air Lines, Inc.(1) | 91,637 | 3,626,076 | |
JetBlue Airways Corp.(1) | 34,796 | 520,200 | |
Southwest Airlines Co.(1) | 83,434 | 3,821,277 | |
$ 10,698,195 | |||
Auto Components — 0.2% | |||
Aptiv PLC(1) | 38,754 | $ 4,639,241 | |
Autoliv, Inc. | 10,909 | 833,884 | |
BorgWarner, Inc. | 34,215 | 1,330,964 | |
Gentex Corp. | 28,406 | 828,603 | |
Lear Corp. | 8,990 | 1,281,884 | |
$ 8,914,576 | |||
Automobiles — 2.8% | |||
Ford Motor Co. | 554,414 | $ 9,375,141 | |
General Motors Co.(1) | 195,987 | 8,572,471 | |
Harley-Davidson, Inc. | 17,804 | 701,478 | |
Tesla, Inc.(1) | 108,495 | 116,914,212 | |
Thor Industries, Inc.(2) | 6,696 | 526,975 | |
$ 136,090,277 | |||
Banks — 4.9% | |||
Bank of America Corp. | 1,021,077 | $ 42,088,794 | |
Bank OZK | 23,777 | 1,015,278 | |
BOK Financial Corp. | 2,833 | 266,160 | |
Citigroup, Inc. | 320,090 | 17,092,806 |
Security | Shares | Value | |
Banks (continued) | |||
Citizens Financial Group, Inc. | 71,377 | $ 3,235,519 | |
Comerica, Inc. | 21,543 | 1,948,134 | |
Commerce Bancshares, Inc. | 18,955 | 1,356,988 | |
Cullen/Frost Bankers, Inc. | 10,212 | 1,413,443 | |
East West Bancorp, Inc. | 19,690 | 1,555,904 | |
Fifth Third Bancorp | 108,337 | 4,662,824 | |
First Citizens Bancshares, Inc., Class A | 1,638 | 1,090,253 | |
First Financial Bankshares, Inc. | 16,059 | 708,523 | |
First Horizon Corp. | 80,133 | 1,882,324 | |
First Republic Bank | 28,675 | 4,648,218 | |
Glacier Bancorp, Inc. | 19,816 | 996,348 | |
Huntington Bancshares, Inc. | 219,142 | 3,203,856 | |
JPMorgan Chase & Co. | 400,042 | 54,533,725 | |
KeyCorp | 139,902 | 3,131,007 | |
M&T Bank Corp. | 21,524 | 3,648,318 | |
PacWest Bancorp | 21,580 | 930,745 | |
People's United Financial, Inc. | 67,407 | 1,347,466 | |
Pinnacle Financial Partners, Inc. | 14,057 | 1,294,369 | |
PNC Financial Services Group, Inc. (The) | 66,907 | 12,340,996 | |
Popular, Inc. | 14,513 | 1,186,293 | |
Prosperity Bancshares, Inc. | 12,231 | 848,587 | |
Regions Financial Corp. | 142,291 | 3,167,398 | |
Signature Bank | 9,776 | 2,869,158 | |
SouthState Corp. | 12,620 | 1,029,666 | |
SVB Financial Group(1) | 9,535 | 5,334,356 | |
Synovus Financial Corp. | 25,700 | 1,259,300 | |
Truist Financial Corp. | 212,554 | 12,051,812 | |
U.S. Bancorp | 241,387 | 12,829,719 | |
UMB Financial Corp. | 8,611 | 836,645 | |
United Bankshares, Inc. | 13,383 | 466,799 | |
Valley National Bancorp | 46,832 | 609,753 | |
Webster Financial Corp. | 24,164 | 1,356,084 | |
Wells Fargo & Co. | 588,879 | 28,537,076 | |
Western Alliance Bancorp | 14,818 | 1,227,227 | |
Wintrust Financial Corp. | 10,908 | 1,013,680 | |
Zions Bancorp NA | 26,827 | 1,758,778 | |
$ 240,774,329 | |||
Beverages — 1.6% | |||
Coca-Cola Co. (The) | 578,053 | $ 35,839,286 | |
Keurig Dr Pepper, Inc. | 152,700 | 5,787,330 | |
PepsiCo, Inc. | 208,322 | 34,868,936 | |
$ 76,495,552 | |||
Biotechnology — 2.9% | |||
AbbVie, Inc. | 259,233 | $ 42,024,262 |
Security | Shares | Value | |
Biotechnology (continued) | |||
Allakos, Inc.(1) | 3,214 | $ 18,320 | |
Alnylam Pharmaceuticals, Inc.(1) | 19,078 | 3,115,247 | |
Amgen, Inc. | 92,681 | 22,412,119 | |
Arrowhead Pharmaceuticals, Inc.(1) | 17,202 | 791,120 | |
Biogen, Inc.(1) | 23,217 | 4,889,500 | |
Biohaven Pharmaceutical Holding Co., Ltd.(1) | 10,622 | 1,259,451 | |
BioMarin Pharmaceutical, Inc.(1) | 30,109 | 2,321,404 | |
Blueprint Medicines Corp.(1) | 11,248 | 718,522 | |
Bridgebio Pharma, Inc.(1)(2) | 17,016 | 172,712 | |
Denali Therapeutics, Inc.(1) | 15,684 | 504,554 | |
Exact Sciences Corp.(1) | 25,895 | 1,810,578 | |
Exelixis, Inc.(1) | 39,788 | 901,994 | |
Gilead Sciences, Inc. | 204,972 | 12,185,585 | |
Halozyme Therapeutics, Inc.(1) | 16,349 | 651,998 | |
Horizon Therapeutics PLC(1) | 39,086 | 4,112,238 | |
Incyte Corp.(1) | 32,995 | 2,620,463 | |
Ionis Pharmaceuticals, Inc.(1) | 19,122 | 708,279 | |
Mirati Therapeutics, Inc.(1) | 6,331 | 520,535 | |
Moderna, Inc.(1) | 57,519 | 9,908,223 | |
Natera, Inc.(1) | 12,256 | 498,574 | |
Neurocrine Biosciences, Inc.(1) | 16,355 | 1,533,281 | |
Regeneron Pharmaceuticals, Inc.(1) | 17,635 | 12,316,637 | |
Sarepta Therapeutics, Inc.(1) | 10,726 | 837,915 | |
Seagen, Inc.(1) | 20,151 | 2,902,752 | |
Ultragenyx Pharmaceutical, Inc.(1) | 7,569 | 549,661 | |
United Therapeutics Corp.(1) | 8,387 | 1,504,712 | |
Vertex Pharmaceuticals, Inc.(1) | 43,089 | 11,244,936 | |
Vir Biotechnology, Inc.(1) | 16,396 | 421,705 | |
$ 143,457,277 | |||
Building Products — 0.9% | |||
Advanced Drainage Systems, Inc. | 13,343 | $ 1,585,282 | |
Allegion PLC | 18,093 | 1,986,249 | |
Armstrong World Industries, Inc. | 4,063 | 365,711 | |
AZEK Co., Inc. (The)(1) | 23,570 | 585,479 | |
Carlisle Cos., Inc. | 19,588 | 4,817,081 | |
Carrier Global Corp. | 110,787 | 5,081,800 | |
Fortune Brands Home & Security, Inc. | 17,279 | 1,283,484 | |
Johnson Controls International PLC | 153,105 | 10,039,095 | |
Lennox International, Inc. | 6,566 | 1,693,109 | |
Masco Corp. | 31,627 | 1,612,977 | |
Owens Corning | 36,150 | 3,307,725 | |
Trane Technologies PLC | 51,488 | 7,862,217 | |
Trex Co., Inc.(1) | 14,931 | 975,442 | |
UFP Industries, Inc. | 5,762 | 444,596 |
Security | Shares | Value | |
Building Products (continued) | |||
Zurn Water Solutions Corp. | 27,179 | $ 962,137 | |
$ 42,602,384 | |||
Capital Markets — 3.9% | |||
Affiliated Managers Group, Inc. | 5,309 | $ 748,304 | |
Ameriprise Financial, Inc. | 16,782 | 5,040,642 | |
Ares Management Corp., Class A | 27,491 | 2,233,094 | |
Bank of New York Mellon Corp. (The) | 130,398 | 6,471,653 | |
BlackRock, Inc. | 23,008 | 17,582,023 | |
Blackstone, Inc. | 113,396 | 14,394,488 | |
Cboe Global Markets, Inc. | 16,484 | 1,886,099 | |
Charles Schwab Corp. (The) | 242,487 | 20,444,079 | |
CME Group, Inc. | 58,316 | 13,871,044 | |
Evercore, Inc., Class A | 7,332 | 816,198 | |
FactSet Research Systems, Inc. | 5,632 | 2,445,133 | |
Franklin Resources, Inc. | 47,893 | 1,337,173 | |
Goldman Sachs Group, Inc. (The) | 51,677 | 17,058,578 | |
Hamilton Lane, Inc., Class A | 2,912 | 225,068 | |
Houlihan Lokey, Inc. | 9,871 | 866,674 | |
Interactive Brokers Group, Inc., Class A | 14,226 | 937,636 | |
Intercontinental Exchange, Inc. | 88,496 | 11,692,091 | |
Invesco, Ltd. | 58,955 | 1,359,502 | |
Jefferies Financial Group, Inc. | 42,807 | 1,406,210 | |
KKR & Co., Inc. | 92,314 | 5,397,600 | |
Lazard, Ltd., Class A | 13,096 | 451,812 | |
LPL Financial Holdings, Inc. | 11,232 | 2,051,862 | |
MarketAxess Holdings, Inc. | 6,455 | 2,195,991 | |
Moody's Corp. | 24,367 | 8,221,669 | |
Morningstar, Inc. | 3,966 | 1,083,392 | |
MSCI, Inc. | 11,794 | 5,930,967 | |
Nasdaq, Inc. | 18,924 | 3,372,257 | |
Northern Trust Corp. | 33,331 | 3,881,395 | |
Raymond James Financial, Inc. | 29,392 | 3,230,475 | |
S&P Global, Inc. | 54,546 | 22,373,678 | |
SEI Investments Co. | 14,768 | 889,181 | |
State Street Corp. | 58,358 | 5,084,149 | |
Stifel Financial Corp. | 17,068 | 1,158,917 | |
T. Rowe Price Group, Inc. | 34,908 | 5,277,740 | |
Tradeweb Markets, Inc., Class A | 17,457 | 1,533,947 | |
Virtu Financial, Inc., Class A | 16,534 | 615,395 | |
$ 193,566,116 | |||
Chemicals — 1.3% | |||
Air Products & Chemicals, Inc. | 48,178 | $ 12,040,164 | |
Ashland Global Holdings, Inc. | 9,807 | 965,107 | |
Avient Corp. | 22,057 | 1,058,736 |
Security | Shares | Value | |
Chemicals (continued) | |||
Axalta Coating Systems, Ltd.(1) | 50,541 | $ 1,242,298 | |
Celanese Corp. | 21,197 | 3,028,415 | |
Eastman Chemical Co. | 29,302 | 3,283,582 | |
Ecolab, Inc. | 37,593 | 6,637,420 | |
FMC Corp. | 27,725 | 3,647,778 | |
Huntsman Corp. | 46,031 | 1,726,623 | |
International Flavors & Fragrances, Inc. | 52,802 | 6,934,487 | |
Mosaic Co. (The) | 81,547 | 5,422,875 | |
PPG Industries, Inc. | 52,412 | 6,869,641 | |
Sherwin-Williams Co. (The) | 52,343 | 13,065,860 | |
$ 65,922,986 | |||
Commercial Services & Supplies — 0.8% | |||
Cintas Corp. | 12,164 | $ 5,174,444 | |
Clean Harbors, Inc.(1) | 12,237 | 1,366,139 | |
Copart, Inc.(1) | 26,939 | 3,380,036 | |
IAA, Inc.(1) | 15,744 | 602,208 | |
MSA Safety, Inc. | 8,207 | 1,089,069 | |
Republic Services, Inc. | 51,875 | 6,873,438 | |
Stericycle, Inc.(1) | 21,286 | 1,254,171 | |
Tetra Tech, Inc. | 14,284 | 2,356,003 | |
Waste Management, Inc. | 97,725 | 15,489,412 | |
$ 37,584,920 | |||
Communications Equipment — 1.0% | |||
Arista Networks, Inc.(1) | 33,588 | $ 4,668,060 | |
Ciena Corp.(1) | 24,171 | 1,465,488 | |
Cisco Systems, Inc. | 587,089 | 32,736,083 | |
F5, Inc.(1) | 8,244 | 1,722,584 | |
Juniper Networks, Inc. | 51,361 | 1,908,575 | |
Lumentum Holdings, Inc.(1) | 9,562 | 933,251 | |
Motorola Solutions, Inc. | 24,517 | 5,938,017 | |
$ 49,372,058 | |||
Construction & Engineering — 0.2% | |||
AECOM | 33,272 | $ 2,555,622 | |
EMCOR Group, Inc. | 13,741 | 1,547,649 | |
MasTec, Inc.(1) | 10,831 | 943,380 | |
Quanta Services, Inc. | 34,024 | 4,477,899 | |
Valmont Industries, Inc. | 5,012 | 1,195,863 | |
$ 10,720,413 | |||
Construction Materials — 0.4% | |||
Martin Marietta Materials, Inc. | 22,868 | $ 8,801,665 | |
Vulcan Materials Co. | 48,512 | 8,911,654 | |
$ 17,713,319 |
Security | Shares | Value | |
Consumer Finance — 0.8% | |||
Ally Financial, Inc. | 57,932 | $ 2,518,883 | |
American Express Co. | 102,478 | 19,163,386 | |
Capital One Financial Corp. | 67,240 | 8,827,940 | |
Credit Acceptance Corp.(1) | 1,437 | 790,882 | |
Discover Financial Services | 46,087 | 5,078,327 | |
OneMain Holdings, Inc. | 16,018 | 759,413 | |
SLM Corp. | 48,615 | 892,571 | |
Synchrony Financial | 88,039 | 3,064,638 | |
$ 41,096,040 | |||
Containers & Packaging — 0.5% | |||
AptarGroup, Inc. | 13,340 | $ 1,567,450 | |
Avery Dennison Corp. | 18,576 | 3,231,667 | |
Ball Corp. | 66,324 | 5,969,160 | |
Berry Global Group, Inc.(1) | 29,481 | 1,708,719 | |
Crown Holdings, Inc. | 24,441 | 3,057,325 | |
Graphic Packaging Holding Co. | 71,104 | 1,424,924 | |
Packaging Corp. of America | 20,719 | 3,234,443 | |
Silgan Holdings, Inc. | 11,724 | 542,000 | |
Sonoco Products Co. | 17,050 | 1,066,648 | |
WestRock Co. | 51,235 | 2,409,582 | |
$ 24,211,918 | |||
Distributors — 0.1% | |||
Genuine Parts Co. | 18,010 | $ 2,269,620 | |
LKQ Corp. | 37,177 | 1,688,207 | |
Pool Corp. | 4,776 | 2,019,532 | |
$ 5,977,359 | |||
Diversified Consumer Services — 0.1% | |||
ADT, Inc. | 16,799 | $ 127,504 | |
Bright Horizons Family Solutions, Inc.(1) | 8,169 | 1,083,945 | |
Chegg, Inc.(1) | 21,051 | 763,730 | |
Service Corp. International | 25,241 | 1,661,363 | |
Terminix Global Holdings, Inc.(1) | 15,248 | 695,766 | |
$ 4,332,308 | |||
Diversified Financial Services — 0.1% | |||
Equitable Holdings, Inc. | 64,780 | $ 2,002,350 | |
Voya Financial, Inc. | 19,845 | 1,316,716 | |
$ 3,319,066 | |||
Diversified Telecommunication Services — 1.2% | |||
AT&T, Inc. | 1,014,119 | $ 23,963,632 | |
Iridium Communications, Inc.(1) | 16,712 | 673,828 | |
Lumen Technologies, Inc. | 160,018 | 1,803,403 |
Security | Shares | Value | |
Diversified Telecommunication Services (continued) | |||
Verizon Communications, Inc. | 593,697 | $ 30,242,925 | |
$ 56,683,788 | |||
Electric Utilities — 1.0% | |||
Alliant Energy Corp. | 58,678 | $ 3,666,201 | |
Avangrid, Inc. | 12,302 | 574,996 | |
Eversource Energy | 82,442 | 7,270,560 | |
Hawaiian Electric Industries, Inc. | 22,356 | 945,882 | |
NextEra Energy, Inc. | 324,655 | 27,501,525 | |
Xcel Energy, Inc. | 135,959 | 9,812,161 | |
$ 49,771,325 | |||
Electrical Equipment — 1.1% | |||
Acuity Brands, Inc. | 6,339 | $ 1,199,973 | |
AMETEK, Inc. | 50,849 | 6,772,070 | |
Eaton Corp. PLC | 86,785 | 13,170,492 | |
Emerson Electric Co. | 128,877 | 12,636,390 | |
Generac Holdings, Inc.(1) | 12,655 | 3,761,825 | |
Hubbell, Inc. | 10,910 | 2,004,931 | |
nVent Electric PLC | 40,386 | 1,404,625 | |
Regal Rexnord Corp. | 15,346 | 2,283,178 | |
Rockwell Automation, Inc. | 25,572 | 7,160,927 | |
Sensata Technologies Holding PLC(1) | 31,243 | 1,588,706 | |
Sunrun, Inc.(1) | 29,423 | 893,576 | |
Vertiv Holdings Co. | 69,701 | 975,814 | |
$ 53,852,507 | |||
Electronic Equipment, Instruments & Components — 0.8% | |||
Amphenol Corp., Class A | 130,552 | $ 9,837,093 | |
Arrow Electronics, Inc.(1) | 10,712 | 1,270,765 | |
Coherent, Inc.(1) | 3,615 | 988,196 | |
Corning, Inc. | 106,042 | 3,914,010 | |
II-VI, Inc.(1)(2) | 18,839 | 1,365,639 | |
IPG Photonics Corp.(1) | 3,804 | 417,527 | |
Jabil, Inc. | 15,935 | 983,668 | |
Keysight Technologies, Inc.(1) | 43,351 | 6,848,157 | |
Littelfuse, Inc. | 4,405 | 1,098,651 | |
National Instruments Corp. | 24,020 | 974,972 | |
Novanta, Inc.(1) | 7,626 | 1,085,103 | |
TD SYNNEX Corp. | 3,656 | 377,336 | |
Teledyne Technologies, Inc.(1) | 9,466 | 4,473,916 | |
Trimble, Inc.(1) | 51,466 | 3,712,757 | |
Zebra Technologies Corp., Class A(1) | 7,844 | 3,245,063 | |
$ 40,592,853 |
Security | Shares | Value | |
Energy Equipment & Services — 0.2% | |||
Baker Hughes Co. | 330,001 | $ 12,015,336 | |
$ 12,015,336 | |||
Entertainment — 1.5% | |||
AMC Entertainment Holdings, Inc., Class A(1)(2) | 74,379 | $ 1,832,699 | |
Electronic Arts, Inc. | 38,601 | 4,883,413 | |
Liberty Media Corp.-Liberty Formula One, Class A(1) | 2,450 | 154,669 | |
Live Nation Entertainment, Inc.(1) | 21,315 | 2,507,497 | |
Netflix, Inc.(1) | 62,907 | 23,564,333 | |
Roku, Inc.(1) | 15,348 | 1,922,644 | |
Take-Two Interactive Software, Inc.(1) | 15,206 | 2,337,770 | |
Walt Disney Co. (The)(1) | 265,271 | 36,384,570 | |
Warner Music Group Corp., Class A | 19,984 | 756,394 | |
Zynga, Inc., Class A(1) | 178,781 | 1,651,936 | |
$ 75,995,925 | |||
Food & Staples Retailing — 1.7% | |||
Albertsons Cos., Inc., Class A | 21,817 | $ 725,415 | |
BJ's Wholesale Club Holdings, Inc.(1) | 16,609 | 1,122,934 | |
Casey's General Stores, Inc. | 6,806 | 1,348,745 | |
Costco Wholesale Corp. | 58,028 | 33,415,424 | |
Kroger Co. (The) | 140,797 | 8,077,524 | |
Performance Food Group Co.(1) | 25,075 | 1,276,568 | |
Sysco Corp. | 100,947 | 8,242,323 | |
US Foods Holding Corp.(1) | 40,557 | 1,526,160 | |
Walmart, Inc. | 189,284 | 28,188,173 | |
$ 83,923,266 | |||
Food Products — 1.3% | |||
Beyond Meat, Inc.(1)(2) | 11,771 | $ 568,657 | |
Bunge, Ltd. | 25,029 | 2,773,464 | |
Campbell Soup Co. | 35,599 | 1,586,648 | |
Conagra Brands, Inc. | 87,883 | 2,950,232 | |
Darling Ingredients, Inc.(1) | 28,014 | 2,251,765 | |
Flowers Foods, Inc. | 42,955 | 1,104,373 | |
Freshpet, Inc.(1) | 7,572 | 777,190 | |
General Mills, Inc. | 113,906 | 7,713,714 | |
Hershey Co. (The) | 26,912 | 5,829,947 | |
Hormel Foods Corp. | 59,806 | 3,082,401 | |
Ingredion, Inc. | 13,407 | 1,168,420 | |
JM Smucker Co. (The) | 20,571 | 2,785,519 | |
Kellogg Co. | 46,588 | 3,004,460 | |
Kraft Heinz Co. (The) | 139,104 | 5,479,307 | |
Lamb Weston Holdings, Inc. | 28,796 | 1,725,168 | |
Lancaster Colony Corp. | 4,444 | 662,823 | |
McCormick & Co., Inc. | 49,732 | 4,963,254 |
Security | Shares | Value | |
Food Products (continued) | |||
Mondelez International, Inc., Class A | 269,912 | $ 16,945,075 | |
Post Holdings, Inc.(1) | 12,663 | 877,039 | |
$ 66,249,456 | |||
Health Care Equipment & Supplies — 4.0% | |||
Abbott Laboratories | 272,190 | $ 32,216,408 | |
ABIOMED, Inc.(1) | 6,590 | 2,182,872 | |
Align Technology, Inc.(1) | 11,873 | 5,176,628 | |
Baxter International, Inc. | 84,353 | 6,540,732 | |
Becton, Dickinson and Co. | 47,961 | 12,757,626 | |
Boston Scientific Corp.(1) | 235,989 | 10,451,953 | |
Cooper Cos., Inc. (The) | 8,098 | 3,381,644 | |
DENTSPLY SIRONA, Inc. | 35,033 | 1,724,324 | |
DexCom, Inc.(1) | 15,867 | 8,117,557 | |
Edwards Lifesciences Corp.(1) | 101,200 | 11,913,264 | |
Envista Holdings Corp.(1) | 21,529 | 1,048,678 | |
Globus Medical, Inc., Class A(1) | 18,762 | 1,384,260 | |
Hologic, Inc.(1) | 39,658 | 3,046,527 | |
IDEXX Laboratories, Inc.(1) | 13,502 | 7,386,404 | |
Insulet Corp.(1) | 11,231 | 2,991,826 | |
Integra LifeSciences Holdings Corp.(1) | 9,182 | 590,035 | |
Intuitive Surgical, Inc.(1) | 59,922 | 18,077,269 | |
Masimo Corp.(1) | 8,514 | 1,239,127 | |
Medtronic PLC | 225,220 | 24,988,159 | |
Neogen Corp.(1) | 13,800 | 425,592 | |
Nevro Corp.(1) | 4,188 | 302,918 | |
Novocure, Ltd.(1) | 13,956 | 1,156,255 | |
Penumbra, Inc.(1) | 6,629 | 1,472,500 | |
Quidel Corp.(1) | 4,768 | 536,209 | |
ResMed, Inc. | 24,720 | 5,994,847 | |
STAAR Surgical Co.(1) | 8,482 | 677,797 | |
STERIS PLC | 17,428 | 4,213,567 | |
Stryker Corp. | 59,348 | 15,866,688 | |
Tandem Diabetes Care, Inc.(1) | 8,579 | 997,652 | |
Teleflex, Inc. | 7,790 | 2,764,126 | |
Zimmer Biomet Holdings, Inc. | 37,064 | 4,740,486 | |
Zimvie, Inc. | 3,294 | 75,235 | |
$ 194,439,165 | |||
Health Care Providers & Services — 1.6% | |||
1Life Healthcare, Inc.(1) | 20,000 | $ 221,600 | |
Amedisys, Inc.(1) | 5,495 | 946,734 | |
Anthem, Inc. | 40,347 | 19,819,253 | |
Centene Corp.(1) | 94,317 | 7,940,548 | |
Chemed Corp. | 2,008 | 1,017,152 | |
CVS Health Corp. | 219,560 | 22,221,668 |
Security | Shares | Value | |
Health Care Providers & Services (continued) | |||
DaVita, Inc.(1) | 10,074 | $ 1,139,470 | |
Encompass Health Corp. | 12,962 | 921,728 | |
Guardant Health, Inc.(1) | 14,210 | 941,270 | |
HealthEquity, Inc.(1) | 11,570 | 780,281 | |
Henry Schein, Inc.(1) | 23,039 | 2,008,770 | |
Humana, Inc. | 20,475 | 8,910,106 | |
Laboratory Corp. of America Holdings(1) | 15,215 | 4,011,587 | |
LHC Group, Inc.(1) | 4,578 | 771,851 | |
Molina Healthcare, Inc.(1) | 9,814 | 3,273,852 | |
Progyny, Inc.(1) | 10,844 | 557,382 | |
Quest Diagnostics, Inc. | 18,791 | 2,571,736 | |
R1 RCM, Inc.(1) | 26,713 | 714,840 | |
Select Medical Holdings Corp. | 21,930 | 526,101 | |
$ 79,295,929 | |||
Health Care Technology — 0.2% | |||
Cerner Corp. | 42,496 | $ 3,975,926 | |
Change Healthcare, Inc.(1) | 42,986 | 937,095 | |
GoodRx Holdings, Inc., Class A(1) | 13,352 | 258,094 | |
Omnicell, Inc.(1) | 6,616 | 856,706 | |
Teladoc Health, Inc.(1) | 24,329 | 1,754,851 | |
Veeva Systems, Inc., Class A(1) | 18,981 | 4,032,703 | |
$ 11,815,375 | |||
Hotels, Restaurants & Leisure — 1.8% | |||
Aramark | 50,268 | $ 1,890,077 | |
Booking Holdings, Inc.(1) | 5,826 | 13,682,070 | |
Chipotle Mexican Grill, Inc.(1) | 5,388 | 8,523,978 | |
Choice Hotels International, Inc. | 6,810 | 965,386 | |
Darden Restaurants, Inc. | 24,471 | 3,253,419 | |
Domino's Pizza, Inc. | 7,265 | 2,956,928 | |
Expedia Group, Inc.(1) | 21,383 | 4,184,012 | |
Hilton Worldwide Holdings, Inc.(1) | 41,080 | 6,233,479 | |
Hyatt Hotels Corp., Class A(1) | 9,814 | 936,746 | |
Marriott International, Inc., Class A(1) | 41,879 | 7,360,234 | |
Marriott Vacations Worldwide Corp. | 4,891 | 771,311 | |
Planet Fitness, Inc., Class A(1) | 12,440 | 1,050,931 | |
Royal Caribbean Cruises, Ltd.(1) | 32,398 | 2,714,304 | |
Starbucks Corp. | 216,385 | 19,684,544 | |
Texas Roadhouse, Inc. | 13,421 | 1,123,740 | |
Travel + Leisure Co. | 9,867 | 571,694 | |
Vail Resorts, Inc. | 6,182 | 1,608,989 | |
Wendy's Co. (The) | 40,738 | 895,014 | |
Wyndham Hotels & Resorts, Inc. | 11,818 | 1,000,866 | |
Yum! Brands, Inc. | 56,068 | 6,645,740 | |
$ 86,053,462 |
Security | Shares | Value | |
Household Durables — 0.5% | |||
D.R. Horton, Inc. | 75,327 | $ 5,612,615 | |
Helen of Troy, Ltd.(1) | 2,654 | 519,759 | |
Leggett & Platt, Inc. | 15,713 | 546,812 | |
Lennar Corp., Class A | 66,311 | 5,382,464 | |
Mohawk Industries, Inc.(1) | 7,595 | 943,299 | |
Newell Brands, Inc. | 43,520 | 931,763 | |
NVR, Inc.(1) | 817 | 3,649,760 | |
PulteGroup, Inc. | 58,196 | 2,438,412 | |
Tempur Sealy International, Inc. | 28,812 | 804,431 | |
Toll Brothers, Inc. | 26,222 | 1,232,959 | |
TopBuild Corp.(1) | 6,941 | 1,259,028 | |
Whirlpool Corp. | 7,454 | 1,287,902 | |
$ 24,609,204 | |||
Household Products — 1.4% | |||
Church & Dwight Co., Inc. | 34,208 | $ 3,399,591 | |
Clorox Co. (The) | 15,502 | 2,155,243 | |
Colgate-Palmolive Co. | 113,021 | 8,570,383 | |
Kimberly-Clark Corp. | 44,145 | 5,436,898 | |
Procter & Gamble Co. (The) | 314,409 | 48,041,695 | |
Reynolds Consumer Products, Inc. | 5,100 | 149,634 | |
$ 67,753,444 | |||
Independent Power and Renewable Electricity Producers — 0.1% | |||
AES Corp. (The) | 156,735 | $ 4,032,791 | |
Brookfield Renewable Corp., Class A | 44,460 | 1,947,348 | |
Clearway Energy, Inc., Class C | 22,211 | 810,924 | |
$ 6,791,063 | |||
Industrial Conglomerates — 0.5% | |||
3M Co. | 114,431 | $ 17,036,487 | |
Roper Technologies, Inc. | 15,031 | 7,098,089 | |
$ 24,134,576 | |||
Insurance — 2.1% | |||
Aflac, Inc. | 94,827 | $ 6,105,911 | |
Alleghany Corp.(1) | 1,855 | 1,571,185 | |
Allstate Corp. (The) | 45,342 | 6,280,320 | |
American Financial Group, Inc. | 12,175 | 1,772,923 | |
American International Group, Inc. | 134,542 | 8,445,201 | |
Arch Capital Group, Ltd.(1) | 61,410 | 2,973,472 | |
Assurant, Inc. | 9,696 | 1,763,024 | |
Brown & Brown, Inc. | 38,016 | 2,747,416 | |
Enstar Group, Ltd.(1) | 2,089 | 545,542 | |
Erie Indemnity Co., Class A | 3,679 | 647,982 | |
Everest Re Group, Ltd. | 6,034 | 1,818,527 |
Security | Shares | Value | |
Insurance (continued) | |||
First American Financial Corp. | 19,733 | $ 1,279,093 | |
Globe Life, Inc. | 13,850 | 1,393,310 | |
Hanover Insurance Group, Inc. (The) | 4,418 | 660,579 | |
Hartford Financial Services Group, Inc. (The) | 52,065 | 3,738,788 | |
Kemper Corp. | 8,396 | 474,710 | |
Lincoln National Corp. | 28,625 | 1,870,930 | |
Marsh & McLennan Cos., Inc. | 77,664 | 13,235,499 | |
MetLife, Inc. | 112,658 | 7,917,604 | |
Primerica, Inc. | 5,736 | 784,800 | |
Principal Financial Group, Inc. | 42,173 | 3,095,920 | |
Progressive Corp. (The) | 93,210 | 10,625,008 | |
Prudential Financial, Inc. | 59,351 | 7,013,508 | |
Reinsurance Group of America, Inc. | 11,341 | 1,241,386 | |
RenaissanceRe Holdings, Ltd. | 7,066 | 1,120,032 | |
RLI Corp. | 4,743 | 524,718 | |
Travelers Cos., Inc. (The) | 37,725 | 6,893,489 | |
Unum Group | 34,853 | 1,098,218 | |
Willis Towers Watson PLC | 19,791 | 4,675,030 | |
$ 102,314,125 | |||
Interactive Media & Services — 4.4% | |||
Alphabet, Inc., Class A(1) | 71,629 | $ 199,225,319 | |
Angi, Inc.(1) | 7,243 | 41,068 | |
IAC/InterActiveCorp. (1) | 12,541 | 1,257,611 | |
Match Group, Inc.(1) | 41,483 | 4,510,861 | |
Pinterest, Inc., Class A(1) | 74,626 | 1,836,546 | |
Snap, Inc., Class A(1) | 156,436 | 5,630,132 | |
TripAdvisor, Inc.(1) | 18,252 | 494,994 | |
Ziff Davis, Inc.(1) | 4,847 | 469,093 | |
ZoomInfo Technologies, Inc., Class A(1) | 42,240 | 2,523,418 | |
$ 215,989,042 | |||
Internet & Direct Marketing Retail — 3.8% | |||
Amazon.com, Inc.(1) | 55,196 | $ 179,936,200 | |
Chewy, Inc., Class A(1)(2) | 9,570 | 390,265 | |
eBay, Inc. | 81,840 | 4,686,158 | |
Etsy, Inc.(1) | 16,765 | 2,083,554 | |
Qurate Retail, Inc., Series A | 38,923 | 185,274 | |
Stitch Fix, Inc., Class A(1) | 10,683 | 107,578 | |
Wayfair, Inc., Class A(1) | 8,757 | 970,100 | |
$ 188,359,129 | |||
IT Services — 5.2% | |||
Accenture PLC, Class A | 93,457 | $ 31,516,504 | |
Akamai Technologies, Inc.(1) | 21,008 | 2,508,145 | |
Alliance Data Systems Corp. | 8,609 | 483,395 |
Security | Shares | Value | |
IT Services (continued) | |||
Amdocs, Ltd. | 18,996 | $ 1,561,661 | |
Automatic Data Processing, Inc. | 61,012 | 13,882,671 | |
Block, Inc., Class A(1) | 73,132 | 9,916,699 | |
Broadridge Financial Solutions, Inc. | 16,128 | 2,511,291 | |
Cognizant Technology Solutions Corp., Class A | 77,836 | 6,979,554 | |
Concentrix Corp. | 7,159 | 1,192,403 | |
DXC Technology Co.(1) | 38,996 | 1,272,440 | |
EPAM Systems, Inc.(1) | 7,499 | 2,224,278 | |
Euronet Worldwide, Inc.(1) | 7,279 | 947,362 | |
Fastly, Inc., Class A(1) | 10,547 | 183,307 | |
Fidelity National Information Services, Inc. | 85,250 | 8,560,805 | |
Fiserv, Inc.(1) | 88,137 | 8,937,092 | |
Gartner, Inc.(1) | 11,755 | 3,496,642 | |
Genpact, Ltd. | 28,630 | 1,245,691 | |
International Business Machines Corp. | 128,922 | 16,762,439 | |
Jack Henry & Associates, Inc. | 11,052 | 2,177,797 | |
Kyndryl Holdings, Inc.(1) | 24,892 | 326,583 | |
Mastercard, Inc., Class A | 122,461 | 43,765,112 | |
MAXIMUS, Inc. | 10,521 | 788,549 | |
Okta, Inc.(1) | 19,582 | 2,956,099 | |
Paychex, Inc. | 46,916 | 6,402,627 | |
PayPal Holdings, Inc.(1) | 187,740 | 21,712,131 | |
Switch, Inc., Class A | 35,163 | 1,083,724 | |
TTEC Holdings, Inc. | 4,670 | 385,368 | |
Twilio, Inc., Class A(1) | 23,304 | 3,840,732 | |
VeriSign, Inc.(1) | 14,346 | 3,191,411 | |
Visa, Inc., Class A | 230,543 | 51,127,521 | |
WEX, Inc.(1) | 6,147 | 1,096,932 | |
$ 253,036,965 | |||
Leisure Products — 0.1% | |||
Brunswick Corp. | 13,999 | $ 1,132,379 | |
Callaway Golf Co.(1) | 17,726 | 415,143 | |
Hasbro, Inc. | 15,358 | 1,258,128 | |
Mattel, Inc.(1) | 49,315 | 1,095,286 | |
YETI Holdings, Inc.(1) | 12,394 | 743,392 | |
$ 4,644,328 | |||
Life Sciences Tools & Services — 2.5% | |||
10X Genomics, Inc., Class A(1) | 11,756 | $ 894,279 | |
Adaptive Biotechnologies Corp.(1) | 8,561 | 118,827 | |
Agilent Technologies, Inc. | 50,173 | 6,639,393 | |
Avantor, Inc.(1) | 94,728 | 3,203,701 | |
Azenta, Inc. | 12,353 | 1,023,817 | |
Bio-Rad Laboratories, Inc., Class A(1) | 3,262 | 1,837,256 | |
Bio-Techne Corp. | 6,312 | 2,733,348 |
Security | Shares | Value | |
Life Sciences Tools & Services (continued) | |||
Bruker Corp. | 18,228 | $ 1,172,060 | |
Charles River Laboratories International, Inc.(1) | 7,469 | 2,120,972 | |
Danaher Corp. | 104,196 | 30,563,813 | |
Illumina, Inc.(1) | 25,344 | 8,855,194 | |
IQVIA Holdings, Inc.(1) | 31,259 | 7,227,393 | |
Medpace Holdings, Inc.(1) | 5,752 | 940,970 | |
Mettler-Toledo International, Inc.(1) | 3,646 | 5,006,651 | |
NeoGenomics, Inc.(1) | 13,463 | 163,575 | |
PerkinElmer, Inc. | 21,774 | 3,798,692 | |
Repligen Corp.(1) | 8,424 | 1,584,470 | |
Syneos Health, Inc.(1) | 14,896 | 1,205,831 | |
Thermo Fisher Scientific, Inc. | 59,991 | 35,433,684 | |
Waters Corp.(1) | 10,648 | 3,305,033 | |
West Pharmaceutical Services, Inc. | 12,655 | 5,197,535 | |
$ 123,026,494 | |||
Machinery — 3.0% | |||
AGCO Corp. | 14,441 | $ 2,108,819 | |
Caterpillar, Inc. | 101,906 | 22,706,695 | |
Chart Industries, Inc.(1) | 8,661 | 1,487,700 | |
CNH Industrial NV | 221,453 | 3,512,245 | |
Colfax Corp.(1) | 23,062 | 917,637 | |
Crane Co. | 9,033 | 978,093 | |
Cummins, Inc. | 30,612 | 6,278,827 | |
Deere & Co. | 53,013 | 22,024,781 | |
Donaldson Co., Inc. | 24,605 | 1,277,738 | |
Dover Corp. | 31,820 | 4,992,558 | |
Flowserve Corp. | 20,010 | 718,359 | |
Fortive Corp. | 77,667 | 4,732,250 | |
Gates Industrial Corp. PLC(1) | 14,308 | 215,479 | |
Graco, Inc. | 38,328 | 2,672,228 | |
IDEX Corp. | 16,025 | 3,072,473 | |
Illinois Tool Works, Inc. | 68,081 | 14,256,161 | |
Ingersoll Rand, Inc. | 82,514 | 4,154,580 | |
ITT, Inc. | 14,928 | 1,122,735 | |
John Bean Technologies Corp. | 7,650 | 906,296 | |
Lincoln Electric Holdings, Inc. | 13,365 | 1,841,831 | |
Middleby Corp. (The)(1) | 11,897 | 1,950,394 | |
Nordson Corp. | 11,934 | 2,709,973 | |
Oshkosh Corp. | 14,015 | 1,410,610 | |
Otis Worldwide Corp. | 93,556 | 7,199,134 | |
PACCAR, Inc. | 75,317 | 6,633,168 | |
Parker-Hannifin Corp. | 28,103 | 7,974,507 | |
Pentair PLC | 32,829 | 1,779,660 | |
RBC Bearings, Inc.(1) | 6,795 | 1,317,415 | |
Snap-on, Inc. | 7,111 | 1,461,168 | |
Stanley Black & Decker, Inc. | 34,033 | 4,757,473 |
Security | Shares | Value | |
Machinery (continued) | |||
Timken Co. (The) | 10,539 | $ 639,717 | |
Toro Co. (The) | 21,586 | 1,845,387 | |
Watts Water Technologies, Inc., Class A | 4,503 | 628,574 | |
Westinghouse Air Brake Technologies Corp. | 38,447 | 3,697,448 | |
Xylem, Inc. | 35,736 | 3,046,851 | |
$ 147,028,964 | |||
Media — 1.1% | |||
Altice USA, Inc., Class A(1) | 28,920 | $ 360,922 | |
Cable One, Inc. | 862 | 1,262,175 | |
Charter Communications, Inc., Class A(1) | 17,848 | 9,736,441 | |
Comcast Corp., Class A | 636,228 | 29,788,195 | |
Discovery, Inc., Class A(1) | 23,020 | 573,659 | |
Interpublic Group of Cos., Inc. (The) | 55,503 | 1,967,581 | |
Liberty Broadband Corp., Class C(1) | 21,863 | 2,958,501 | |
Loyalty Ventures, Inc.(1) | 3,443 | 56,913 | |
New York Times Co. (The), Class A | 28,612 | 1,311,574 | |
Omnicom Group, Inc. | 34,717 | 2,946,779 | |
Paramount Global, Class B | 82,719 | 3,127,605 | |
Sirius XM Holdings, Inc. | 149,868 | 992,126 | |
$ 55,082,471 | |||
Metals & Mining — 0.5% | |||
Nucor Corp. | 86,488 | $ 12,856,441 | |
Reliance Steel & Aluminum Co. | 22,855 | 4,190,465 | |
Steel Dynamics, Inc. | 71,326 | 5,950,728 | |
$ 22,997,634 | |||
Multiline Retail — 0.5% | |||
Dollar General Corp. | 29,513 | $ 6,570,479 | |
Kohl's Corp. | 21,503 | 1,300,072 | |
Macy's, Inc. | 31,445 | 766,000 | |
Nordstrom, Inc. | 19,715 | 534,474 | |
Ollie's Bargain Outlet Holdings, Inc.(1) | 9,168 | 393,857 | |
Target Corp. | 61,777 | 13,110,315 | |
$ 22,675,197 | |||
Multi-Utilities — 0.6% | |||
Ameren Corp. | 64,676 | $ 6,064,022 | |
CMS Energy Corp. | 67,622 | 4,729,482 | |
Consolidated Edison, Inc. | 84,338 | 7,985,122 | |
Sempra Energy | 78,673 | 13,226,505 | |
$ 32,005,131 |
Security | Shares | Value | |
Oil, Gas & Consumable Fuels — 0.0%(3) | |||
New Fortress Energy, Inc.(2) | 25,673 | $ 1,093,927 | |
$ 1,093,927 | |||
Paper & Forest Products — 0.0%(3) | |||
Louisiana-Pacific Corp. | 8,248 | $ 512,366 | |
$ 512,366 | |||
Personal Products — 0.2% | |||
BellRing Brands, Inc.(1) | 16,053 | $ 370,503 | |
Coty, Inc., Class A(1) | 22,406 | 201,430 | |
Estee Lauder Cos., Inc. (The), Class A | 30,776 | 8,380,920 | |
$ 8,952,853 | |||
Pharmaceuticals — 3.3% | |||
Bristol-Myers Squibb Co. | 370,320 | $ 27,044,470 | |
Catalent, Inc.(1) | 26,317 | 2,918,555 | |
Elanco Animal Health, Inc.(1) | 74,870 | 1,953,358 | |
Eli Lilly & Co. | 123,170 | 35,272,193 | |
Jazz Pharmaceuticals PLC(1) | 10,110 | 1,573,824 | |
Merck & Co., Inc. | 394,727 | 32,387,350 | |
Organon & Co. | 37,716 | 1,317,420 | |
Perrigo Co. PLC | 17,537 | 673,947 | |
Pfizer, Inc. | 825,988 | 42,761,399 | |
Reata Pharmaceuticals, Inc., Class A(1) | 3,423 | 112,138 | |
Royalty Pharma PLC, Class A | 63,769 | 2,484,440 | |
Zoetis, Inc. | 78,077 | 14,724,541 | |
$ 163,223,635 | |||
Professional Services — 0.5% | |||
ASGN, Inc.(1) | 9,547 | $ 1,114,230 | |
Booz Allen Hamilton Holding Corp. | 21,134 | 1,856,411 | |
CoStar Group, Inc.(1) | 55,680 | 3,708,845 | |
Dun & Bradstreet Holdings, Inc.(1) | 29,876 | 523,428 | |
Exponent, Inc. | 5,782 | 624,745 | |
FTI Consulting, Inc.(1) | 3,738 | 587,688 | |
ManpowerGroup, Inc. | 8,973 | 842,744 | |
Nielsen Holdings PLC | 52,842 | 1,439,416 | |
Robert Half International, Inc. | 16,715 | 1,908,519 | |
Science Applications International Corp. | 8,747 | 806,211 | |
TransUnion | 28,510 | 2,946,223 | |
TriNet Group, Inc.(1) | 6,210 | 610,816 | |
Upwork, Inc.(1) | 17,477 | 406,165 | |
Verisk Analytics, Inc. | 24,281 | 5,211,431 | |
$ 22,586,872 |
Security | Shares | Value | |
Real Estate Management & Development — 0.3% | |||
CBRE Group, Inc., Class A(1) | 79,424 | $ 7,268,884 | |
eXp World Holdings, Inc.(2) | 18,731 | 396,535 | |
Howard Hughes Corp. (The)(1) | 8,109 | 840,174 | |
Jones Lang LaSalle, Inc.(1) | 12,597 | 3,016,478 | |
Redfin Corp.(1) | 24,268 | 437,795 | |
Zillow Group, Inc., Class C(1) | 20,583 | 1,014,536 | |
$ 12,974,402 | |||
Road & Rail — 1.0% | |||
Avis Budget Group, Inc.(1) | 7,338 | $ 1,932,095 | |
J.B. Hunt Transport Services, Inc. | 12,731 | 2,556,258 | |
Knight-Swift Transportation Holdings, Inc. | 24,334 | 1,227,894 | |
Landstar System, Inc. | 4,999 | 753,999 | |
Norfolk Southern Corp. | 34,778 | 9,919,381 | |
Old Dominion Freight Line, Inc. | 14,433 | 4,310,848 | |
Saia, Inc.(1) | 3,021 | 736,580 | |
Union Pacific Corp. | 90,431 | 24,706,654 | |
XPO Logistics, Inc.(1) | 14,264 | 1,038,419 | |
$ 47,182,128 | |||
Semiconductors & Semiconductor Equipment — 6.3% | |||
Advanced Micro Devices, Inc.(1) | 229,227 | $ 25,063,680 | |
Allegro MicroSystems, Inc.(1) | 3,950 | 112,180 | |
Amkor Technology, Inc. | 22,403 | 486,593 | |
Analog Devices, Inc. | 76,728 | 12,673,931 | |
Applied Materials, Inc. | 127,953 | 16,864,205 | |
Broadcom, Inc. | 56,746 | 35,731,821 | |
Enphase Energy, Inc.(1) | 23,479 | 4,737,593 | |
Entegris, Inc. | 21,264 | 2,791,113 | |
First Solar, Inc.(1) | 12,629 | 1,057,553 | |
Intel Corp. | 579,773 | 28,733,550 | |
KLA Corp. | 21,961 | 8,039,044 | |
Lam Research Corp. | 20,380 | 10,956,492 | |
Lattice Semiconductor Corp.(1) | 22,163 | 1,350,835 | |
Marvell Technology, Inc. | 117,813 | 8,448,370 | |
Microchip Technology, Inc. | 80,662 | 6,060,943 | |
Micron Technology, Inc. | 160,955 | 12,536,785 | |
MKS Instruments, Inc. | 11,984 | 1,797,600 | |
Monolithic Power Systems, Inc. | 6,717 | 3,262,313 | |
NVIDIA Corp. | 317,440 | 86,616,678 | |
ON Semiconductor Corp.(1) | 57,497 | 3,599,887 | |
Power Integrations, Inc. | 6,062 | 561,826 | |
Qorvo, Inc.(1) | 15,681 | 1,946,012 | |
Silicon Laboratories, Inc.(1) | 4,402 | 661,180 | |
Skyworks Solutions, Inc. | 23,858 | 3,179,794 | |
SolarEdge Technologies, Inc.(1) | 8,959 | 2,888,113 |
Security | Shares | Value | |
Semiconductors & Semiconductor Equipment (continued) | |||
Teradyne, Inc. | 32,947 | $ 3,895,324 | |
Texas Instruments, Inc. | 133,330 | 24,463,388 | |
Universal Display Corp. | 6,342 | 1,058,797 | |
Wolfspeed, Inc.(1) | 18,472 | 2,103,222 | |
$ 311,678,822 | |||
Software — 10.4% | |||
Adobe, Inc.(1) | 66,538 | $ 30,316,044 | |
Altair Engineering, Inc., Class A(1) | 4,845 | 312,018 | |
Alteryx, Inc., Class A(1) | 10,071 | 720,379 | |
Anaplan, Inc.(1) | 15,364 | 999,428 | |
ANSYS, Inc.(1) | 12,214 | 3,879,777 | |
Appfolio, Inc., Class A(1) | 1,712 | 193,816 | |
Appian Corp.(1) | 3,863 | 234,948 | |
Aspen Technology, Inc.(1) | 9,492 | 1,569,692 | |
Autodesk, Inc.(1) | 31,682 | 6,791,037 | |
Avalara, Inc.(1) | 12,549 | 1,248,751 | |
Bill.com Holdings, Inc.(1) | 14,150 | 3,209,078 | |
Black Knight, Inc.(1) | 24,564 | 1,424,466 | |
Blackline, Inc.(1) | 6,869 | 502,948 | |
Cadence Design Systems, Inc.(1) | 38,904 | 6,398,152 | |
CDK Global, Inc. | 12,284 | 597,985 | |
Citrix Systems, Inc. | 19,870 | 2,004,883 | |
Consensus Cloud Solutions, Inc.(1) | 1,615 | 97,110 | |
Coupa Software, Inc.(1) | 9,728 | 988,657 | |
CrowdStrike Holdings, Inc., Class A(1) | 28,797 | 6,539,223 | |
DocuSign, Inc.(1) | 26,144 | 2,800,545 | |
Dolby Laboratories, Inc., Class A | 6,538 | 511,402 | |
Dropbox, Inc., Class A(1) | 37,922 | 881,686 | |
Duck Creek Technologies, Inc.(1) | 14,546 | 321,758 | |
Dynatrace, Inc.(1) | 28,054 | 1,321,343 | |
Elastic NV(1) | 8,376 | 745,045 | |
Fair Isaac Corp.(1) | 4,141 | 1,931,611 | |
Five9, Inc.(1) | 8,046 | 888,278 | |
Guidewire Software, Inc.(1) | 13,354 | 1,263,555 | |
HubSpot, Inc.(1) | 6,360 | 3,020,618 | |
Intuit, Inc. | 39,323 | 18,908,071 | |
Manhattan Associates, Inc.(1) | 10,087 | 1,399,168 | |
Microsoft Corp. | 909,357 | 280,363,857 | |
MicroStrategy, Inc., Class A(1) | 1,381 | 671,608 | |
nCino, Inc.(1) | 4,101 | 168,059 | |
NCR Corp.(1) | 21,903 | 880,282 | |
NortonLifeLock, Inc. | 83,482 | 2,213,943 | |
Nutanix, Inc., Class A(1) | 27,917 | 748,734 | |
Oracle Corp. | 216,064 | 17,874,975 | |
Palo Alto Networks, Inc.(1)(2) | 13,839 | 8,614,916 | |
Paycom Software, Inc.(1) | 7,048 | 2,441,286 |
Security | Shares | Value | |
Software (continued) | |||
Paylocity Holding Corp.(1) | 5,269 | $ 1,084,202 | |
Pegasystems, Inc. | 3,895 | 314,132 | |
PTC, Inc.(1) | 15,079 | 1,624,310 | |
Q2 Holdings, Inc.(1) | 4,967 | 306,216 | |
Rapid7, Inc.(1) | 9,112 | 1,013,619 | |
RingCentral, Inc., Class A(1) | 12,095 | 1,417,655 | |
salesforce.com, inc.(1) | 135,592 | 28,788,893 | |
ServiceNow, Inc.(1) | 28,120 | 15,659,747 | |
Smartsheet, Inc., Class A(1) | 15,781 | 864,483 | |
Splunk, Inc.(1) | 23,647 | 3,514,181 | |
SS&C Technologies Holdings, Inc. | 34,906 | 2,618,648 | |
Synopsys, Inc.(1) | 21,910 | 7,301,946 | |
Teradata Corp.(1) | 18,842 | 928,722 | |
Trade Desk, Inc. (The), Class A(1) | 63,418 | 4,391,696 | |
Tyler Technologies, Inc.(1) | 6,073 | 2,701,817 | |
Varonis Systems, Inc.(1) | 17,519 | 832,853 | |
VMware, Inc., Class A | 31,288 | 3,562,765 | |
Workday, Inc., Class A(1) | 26,925 | 6,447,460 | |
Workiva, Inc.(1) | 6,794 | 801,692 | |
Zendesk, Inc.(1) | 16,763 | 2,016,421 | |
Zoom Video Communications, Inc., Class A(1) | 30,426 | 3,566,840 | |
Zscaler, Inc.(1) | 11,669 | 2,815,496 | |
$ 508,572,926 | |||
Specialty Retail — 2.3% | |||
Advance Auto Parts, Inc. | 8,266 | $ 1,710,731 | |
American Eagle Outfitters, Inc. | 24,689 | 414,775 | |
AutoNation, Inc.(1) | 4,563 | 454,383 | |
AutoZone, Inc.(1) | 2,646 | 5,409,959 | |
Bath & Body Works, Inc. | 29,800 | 1,424,440 | |
Bed Bath & Beyond, Inc.(1)(2) | 21,954 | 494,624 | |
Best Buy Co., Inc. | 27,724 | 2,520,112 | |
Burlington Stores, Inc.(1) | 8,582 | 1,563,383 | |
CarMax, Inc.(1)(2) | 19,883 | 1,918,312 | |
Carvana Co.(1) | 10,273 | 1,225,466 | |
Dick's Sporting Goods, Inc. | 7,829 | 783,057 | |
Five Below, Inc.(1) | 6,997 | 1,108,115 | |
Floor & Decor Holdings, Inc., Class A(1) | 12,454 | 1,008,774 | |
Foot Locker, Inc. | 9,575 | 283,994 | |
GameStop Corp., Class A(1) | 7,870 | 1,310,985 | |
Gap, Inc. (The) | 29,888 | 420,823 | |
Home Depot, Inc. (The) | 137,386 | 41,123,751 | |
Leslie's, Inc.(1)(2) | 17,710 | 342,866 | |
Lithia Motors, Inc., Class A | 3,411 | 1,023,709 | |
Lowe's Cos., Inc. | 87,267 | 17,644,515 | |
O'Reilly Automotive, Inc.(1) | 8,851 | 6,062,581 | |
Penske Automotive Group, Inc. | 4,680 | 438,610 |
Security | Shares | Value | |
Specialty Retail (continued) | |||
RH (1) | 2,425 | $ 790,768 | |
Ross Stores, Inc. | 43,372 | 3,923,431 | |
TJX Cos., Inc. (The) | 158,913 | 9,626,949 | |
Tractor Supply Co. | 14,863 | 3,468,578 | |
Ulta Beauty, Inc.(1) | 7,050 | 2,807,451 | |
Victoria's Secret & Co.(1) | 9,933 | 510,159 | |
Vroom, Inc.(1)(2) | 18,345 | 48,798 | |
Williams-Sonoma, Inc. | 10,113 | 1,466,385 | |
$ 111,330,484 | |||
Technology Hardware, Storage & Peripherals — 7.5% | |||
Apple, Inc. | 1,997,692 | $ 348,817,000 | |
Dell Technologies, Inc., Class C(1) | 38,107 | 1,912,590 | |
Hewlett Packard Enterprise Co. | 202,101 | 3,377,108 | |
HP, Inc. | 153,136 | 5,558,837 | |
NetApp, Inc. | 29,320 | 2,433,560 | |
Pure Storage, Inc., Class A(1) | 33,965 | 1,199,304 | |
Seagate Technology Holdings PLC | 32,288 | 2,902,691 | |
Western Digital Corp.(1) | 46,930 | 2,330,075 | |
Xerox Holdings Corp. | 19,442 | 392,145 | |
$ 368,923,310 | |||
Textiles, Apparel & Luxury Goods — 0.8% | |||
Capri Holdings, Ltd.(1) | 21,942 | $ 1,127,599 | |
Columbia Sportswear Co. | 7,185 | 650,458 | |
Crocs, Inc.(1) | 9,381 | 716,708 | |
Deckers Outdoor Corp.(1) | 3,895 | 1,066,334 | |
Hanesbrands, Inc. | 49,516 | 737,293 | |
Levi Strauss & Co., Class A | 7,415 | 146,520 | |
lululemon Athletica, Inc.(1) | 14,545 | 5,312,270 | |
NIKE, Inc., Class B | 163,171 | 21,956,290 | |
PVH Corp. | 9,809 | 751,468 | |
Ralph Lauren Corp. | 4,524 | 513,203 | |
Skechers USA, Inc., Class A(1) | 20,147 | 821,192 | |
Tapestry, Inc. | 30,789 | 1,143,811 | |
Under Armour, Inc., Class A(1) | 22,834 | 388,635 | |
VF Corp. | 41,223 | 2,343,940 | |
$ 37,675,721 | |||
Thrifts & Mortgage Finance — 0.0%(3) | |||
Essent Group, Ltd. | 16,779 | $ 691,462 | |
MGIC Investment Corp. | 43,154 | 584,737 | |
New York Community Bancorp, Inc. | 60,991 | 653,823 | |
TFS Financial Corp. | 9,601 | 159,377 | |
$ 2,089,399 |
Security | Shares | Value | |
Trading Companies & Distributors — 0.4% | |||
Air Lease Corp. | 16,387 | $ 731,680 | |
Fastenal Co. | 71,936 | 4,272,998 | |
MSC Industrial Direct Co., Inc., Class A | 7,733 | 658,929 | |
SiteOne Landscape Supply, Inc.(1) | 6,263 | 1,012,664 | |
United Rentals, Inc.(1) | 15,958 | 5,668,441 | |
Univar Solutions, Inc.(1) | 41,070 | 1,319,990 | |
W.W. Grainger, Inc. | 6,481 | 3,342,835 | |
WESCO International, Inc.(1) | 7,528 | 979,694 | |
$ 17,987,231 | |||
Water Utilities — 0.2% | |||
American Water Works Co., Inc. | 43,436 | $ 7,189,961 | |
Essential Utilities, Inc. | 56,911 | 2,909,859 | |
$ 10,099,820 | |||
Wireless Telecommunication Services — 0.2% | |||
T-Mobile US, Inc.(1) | 86,919 | $ 11,156,054 | |
$ 11,156,054 | |||
Total Common Stocks (identified cost $3,009,876,821) | $4,892,130,939 |
Short-Term Investments — 0.2% | |||
Affiliated Fund — 0.2% | |||
Description | Units | Value | |
Calvert Cash Reserves Fund, LLC, 0.14%(4) | 8,347,857 | $ 8,347,023 | |
Total Affiliated Fund (identified cost $8,347,023) | $ 8,347,023 | ||
Securities Lending Collateral — 0.0%(3) | |||
Security | Shares | Value | |
State Street Navigator Securities Lending Government Money Market Portfolio, 0.29%(5) | 1,870,368 | $ 1,870,368 | |
Total Securities Lending Collateral (identified cost $1,870,368) | $ 1,870,368 | ||
Total Short-Term Investments (identified cost $10,217,391) | $ 10,217,391 | ||
Total Investments — 99.8% (identified cost $3,020,094,212) | $4,902,348,330 | ||
Other Assets, Less Liabilities — 0.2% | $ 8,437,113 | ||
Net Assets — 100.0% | $4,910,785,443 |
The percentage shown for each investment category in the Schedule of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | All or a portion of this security was on loan at March 31, 2022. The aggregate market value of securities on loan at March 31, 2022 was $15,227,302. |
(3) | Amount is less than 0.05%. |
(4) | Affiliated investment company, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2022. |
(5) | Represents investment of cash collateral received in connection with securities lending. |
March 31, 2022 | |
Assets | |
Investments in securities of unaffiliated issuers, at value (identified cost $3,011,747,189) - including $15,227,302 of securities on loan | $ 4,894,001,307 |
Investments in securities of affiliated issuers, at value (identified cost $8,347,023) | 8,347,023 |
Receivable for capital shares sold | 10,847,020 |
Dividends receivable | 3,074,490 |
Dividends receivable - affiliated | 609 |
Securities lending income receivable | 3,602 |
Receivable from affiliate | 474,238 |
Directors' deferred compensation plan | 946,154 |
Total assets | $4,917,694,443 |
Liabilities | |
Due to custodian | $ 104,462 |
Payable for capital shares redeemed | 2,050,328 |
Deposits for securities loaned | 1,870,368 |
Payable to affiliates: | |
Investment advisory fee | 484,001 |
Administrative fee | 484,001 |
Distribution and service fees | 220,811 |
Sub-transfer agency fee | 38,809 |
Directors' deferred compensation plan | 946,154 |
Accrued expenses | 710,066 |
Total liabilities | $ 6,909,000 |
Net Assets | $4,910,785,443 |
Sources of Net Assets | |
Paid-in capital | $ 3,036,364,593 |
Distributable earnings | 1,874,420,850 |
Net Assets | $4,910,785,443 |
Class A Shares | |
Net Assets | $ 729,689,484 |
Shares Outstanding | 18,857,694 |
Net Asset Value and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 38.69 |
Maximum Offering Price Per Share (100 ÷ 95.25 of net asset value per share) | $ 40.62 |
Class C Shares | |
Net Assets | $ 86,405,690 |
Shares Outstanding | 2,384,807 |
Net Asset Value and Offering Price Per Share* (net assets ÷ shares of beneficial interest outstanding) | $ 36.23 |
Class I Shares | |
Net Assets | $ 3,040,300,537 |
Shares Outstanding | 76,476,764 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 39.75 |
March 31, 2022 | |
Class R6 Shares | |
Net Assets | $ 1,054,389,732 |
Shares Outstanding | 26,539,292 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 39.73 |
On sales of $50,000 or more, the offering price of Class A shares is reduced. | |
* | Redemption price per share is equal to the net asset value less any applicable contingent deferred sales charge. |
Six Months Ended | |
March 31, 2022 | |
Investment Income | |
Dividend income (net of foreign taxes withheld of $5,945) | $ 30,269,063 |
Dividend income - affiliated issuers | 3,999 |
Securities lending income, net | 39,555 |
Total investment income | $30,312,617 |
Expenses | |
Investment advisory fee | $ 2,967,014 |
Administrative fee | 2,967,014 |
Distribution and service fees: | |
Class A | 915,210 |
Class C | 438,302 |
Directors' fees and expenses | 96,549 |
Custodian fees | 37,594 |
Transfer agency fees and expenses | 1,301,060 |
Accounting fees | 381,910 |
Professional fees | 29,422 |
Registration fees | 148,178 |
Reports to shareholders | 47,330 |
Miscellaneous | 71,856 |
Total expenses | $ 9,401,439 |
Waiver and/or reimbursement of expenses by affiliate | $ (2,386,519) |
Net expenses | $ 7,014,920 |
Net investment income | $23,297,697 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss): | |
Investment securities | $ 11,453,089 |
Investment securities - affiliated issuers | (3,053) |
Net realized gain | $11,450,036 |
Change in unrealized appreciation (depreciation): | |
Investment securities | $ 54,934,926 |
Investment securities - affiliated issuers | (799) |
Net change in unrealized appreciation (depreciation) | $54,934,127 |
Net realized and unrealized gain | $66,384,163 |
Net increase in net assets from operations | $89,681,860 |
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, 2021 | |
Increase (Decrease) in Net Assets | ||
From operations: | ||
Net investment income | $ 23,297,697 | $ 39,581,132 |
Net realized gain | 11,450,036 | 21,621,251 |
Net change in unrealized appreciation (depreciation) | 54,934,127 | 905,792,070 |
Net increase in net assets from operations | $ 89,681,860 | $ 966,994,453 |
Distributions to shareholders: | ||
Class A | $ (6,521,367) | $ (3,800,485) |
Class C | (250,662) | (62,119) |
Class I | (32,895,988) | (20,592,190) |
Class R6 | (11,820,048) | (7,099,150) |
Total distributions to shareholders | $ (51,488,065) | $ (31,553,944) |
Capital share transactions: | ||
Class A | $ 37,534,629 | $ 128,167,820 |
Class C | 1,425,473 | 4,972,772 |
Class I | 100,028,230 | 499,781,280 |
Class R6 | 39,604,266 | 177,387,699 |
Net increase in net assets from capital share transactions | $ 178,592,598 | $ 810,309,571 |
Net increase in net assets | $ 216,786,393 | $1,745,750,080 |
Net Assets | ||
At beginning of period | $ 4,693,999,050 | $ 2,948,248,970 |
At end of period | $4,910,785,443 | $4,693,999,050 |
Class A | ||||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value — Beginning of period | $ 38.30 | $ 29.75 | $ 24.79 | $ 24.66 | $ 21.41 | $ 18.80 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.15 | $ 0.28 | $ 0.30 | $ 0.29 | $ 0.27 | $ 0.30 |
Net realized and unrealized gain | 0.59 | 8.53 | 4.91 | 0.69 | 3.46 | 2.95 |
Total income from operations | $ 0.74 | $ 8.81 | $ 5.21 | $ 0.98 | $ 3.73 | $ 3.25 |
Less Distributions | ||||||
From net investment income | $ (0.25) | $ (0.26) | $ (0.25) | $ (0.22) | $ (0.25) | $ (0.22) |
From net realized gain | (0.10) | — | — | (0.63) | (0.23) | (0.42) |
Total distributions | $ (0.35) | $ (0.26) | $ (0.25) | $ (0.85) | $ (0.48) | $ (0.64) |
Net asset value — End of period | $ 38.69 | $ 38.30 | $ 29.75 | $ 24.79 | $ 24.66 | $ 21.41 |
Total Return(2) | 1.91% (3) | 29.75% | 21.18% | 4.33% | 17.67% | 17.71% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $729,689 | $686,373 | $424,771 | $321,690 | $291,891 | $264,814 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 0.59% (5) | 0.59% | 0.60% | 0.62% | 0.65% | 0.70% |
Net expenses | 0.49% (5) | 0.49% | 0.49% | 0.51% | 0.54% | 0.54% |
Net investment income | 0.74% (5) | 0.77% | 1.14% | 1.24% | 1.19% | 1.51% |
Portfolio Turnover | 3% (3) | 10% | 10% | 17% | 28% | 31% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
Class C | ||||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value — Beginning of period | $ 35.78 | $ 27.82 | $ 23.21 | $ 23.16 | $ 20.16 | $ 17.71 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ (0.00)(2) | $ 0.01 | $ 0.10 | $ 0.11 | $ 0.09 | $ 0.15 |
Net realized and unrealized gain | 0.55 | 7.98 | 4.60 | 0.64 | 3.26 | 2.78 |
Total income from operations | $ 0.55 | $ 7.99 | $ 4.70 | $ 0.75 | $ 3.35 | $ 2.93 |
Less Distributions | ||||||
From net investment income | $ (0.00)(2) | $ (0.03) | $ (0.09) | $ (0.07) | $ (0.12) | $ (0.06) |
From net realized gain | (0.10) | — | — | (0.63) | (0.23) | (0.42) |
Total distributions | $ (0.10) | $ (0.03) | $ (0.09) | $ (0.70) | $ (0.35) | $ (0.48) |
Net asset value — End of period | $ 36.23 | $ 35.78 | $ 27.82 | $ 23.21 | $ 23.16 | $ 20.16 |
Total Return(3) | 1.54% (4) | 28.73% | 20.30% | 3.55% | 16.79% | 16.85% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $86,406 | $84,005 | $61,503 | $57,167 | $61,814 | $51,301 |
Ratios (as a percentage of average daily net assets):(5) | ||||||
Total expenses | 1.34% (6) | 1.34% | 1.35% | 1.38% | 1.40% | 1.50% |
Net expenses | 1.24% (6) | 1.24% | 1.24% | 1.26% | 1.29% | 1.29% |
Net investment income (loss) | (0.02)% (6) | 0.03% | 0.40% | 0.49% | 0.44% | 0.77% |
Portfolio Turnover | 3% (4) | 10% | 10% | 17% | 28% | 31% |
(1) | Computed using average shares outstanding. |
(2) | Amount is less than $(0.005). |
(3) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(4) | Not annualized. |
(5) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(6) | Annualized. |
Class I | ||||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value — Beginning of period | $ 39.37 | $ 30.56 | $ 25.46 | $ 25.29 | $ 21.94 | $ 19.26 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.20 | $ 0.38 | $ 0.38 | $ 0.36 | $ 0.36 | $ 0.38 |
Net realized and unrealized gain | 0.62 | 8.75 | 5.03 | 0.72 | 3.54 | 3.03 |
Total income from operations | $ 0.82 | $ 9.13 | $ 5.41 | $ 1.08 | $ 3.90 | $ 3.41 |
Less Distributions | ||||||
From net investment income | $ (0.34) | $ (0.32) | $ (0.31) | $ (0.28) | $ (0.32) | $ (0.31) |
From net realized gain | (0.10) | — | — | (0.63) | (0.23) | (0.42) |
Total distributions | $ (0.44) | $ (0.32) | $ (0.31) | $ (0.91) | $ (0.55) | $ (0.73) |
Net asset value — End of period | $ 39.75 | $ 39.37 | $ 30.56 | $ 25.46 | $ 25.29 | $ 21.94 |
Total Return(2) | 2.04% (3) | 30.07% | 21.45% | 4.68% | 18.06% | 18.17% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $3,040,301 | $2,916,731 | $1,831,859 | $1,143,304 | $920,394 | $544,751 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 0.34% (5) | 0.34% | 0.35% | 0.37% | 0.41% | 0.35% |
Net expenses | 0.24% (5) | 0.24% | 0.24% | 0.22% | 0.19% | 0.19% |
Net investment income | 0.99% (5) | 1.02% | 1.38% | 1.52% | 1.53% | 1.87% |
Portfolio Turnover | 3% (3) | 10% | 10% | 17% | 28% | 31% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
Class R6 | |||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | Period Ended September 30, | |||
2021 | 2020 | 2019 | 2018 (1) | ||
Net asset value — Beginning of period | $ 39.35 | $ 30.55 | $ 25.44 | $ 25.28 | $ 22.09 |
Income (Loss) From Operations | |||||
Net investment income(2) | $ 0.21 | $ 0.39 | $ 0.39 | $ 0.37 | $ 0.37 |
Net realized and unrealized gain | 0.62 | 8.74 | 5.04 | 0.72 | 3.37 |
Total income from operations | $ 0.83 | $ 9.13 | $ 5.43 | $ 1.09 | $ 3.74 |
Less Distributions | |||||
From net investment income | $ (0.35) | $ (0.33) | $ (0.32) | $ (0.30) | $ (0.32) |
From net realized gain | (0.10) | — | — | (0.63) | (0.23) |
Total distributions | $ (0.45) | $ (0.33) | $ (0.32) | $ (0.93) | $ (0.55) |
Net asset value — End of period | $ 39.73 | $ 39.35 | $ 30.55 | $ 25.44 | $ 25.28 |
Total Return(3) | 2.06% (4) | 30.12% | 21.55% | 4.70% | 17.21% (4) |
Ratios/Supplemental Data | |||||
Net assets, end of period (000’s omitted) | $1,054,390 | $1,006,890 | $630,116 | $409,341 | $172,944 |
Ratios (as a percentage of average daily net assets):(5) | |||||
Total expenses | 0.28% (6) | 0.29% | 0.30% | 0.32% | 0.35% (6) |
Net expenses | 0.19% (6) | 0.19% | 0.19% | 0.19% | 0.19% (6) |
Net investment income | 1.04% (6) | 1.07% | 1.43% | 1.55% | 1.58% (6) |
Portfolio Turnover | 3% (4) | 10% | 10% | 17% | 28% (7) |
(1) | For the period from the commencement of operations, October 3, 2017, to September 30, 2018. |
(2) | Computed using average shares outstanding. |
(3) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(4) | Not annualized. |
(5) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(6) | Annualized. |
(7) | For the year ended September 30, 2018. |
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $ 4,892,130,939(1) | $ — | $ — | $ 4,892,130,939 |
Short-Term Investments: | ||||
Affiliated Fund | — | 8,347,023 | — | 8,347,023 |
Securities Lending Collateral | 1,870,368 | — | — | 1,870,368 |
Total Investments | $4,894,001,307 | $8,347,023 | $ — | $4,902,348,330 |
(1) | The level classification by major category of investments is the same as the category presentation in the Schedule of Investments. |
Aggregate cost | $3,051,731,860 |
Gross unrealized appreciation | $ 1,928,873,721 |
Gross unrealized depreciation | (78,257,251) |
Net unrealized appreciation | $1,850,616,470 |
Remaining Contractual Maturity of the Transactions | |||||
Overnight and Continuous | <30 days | 30 to 90 days | >90 days | Total | |
Common Stocks | $1,870,368 | $ — | $ — | $ — | $1,870,368 |
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Units, end of period |
Short-Term Investments | ||||||||
Calvert Cash Reserves Fund, LLC | $9,662,127 | $250,878,579 | $(252,189,831) | $(3,053) | $(799) | $8,347,023 | $3,999 | 8,347,857 |
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, 2021 | ||||
Shares | Amount | Shares | Amount | ||
Class A | |||||
Shares sold | 2,457,173 | $ 96,964,210 | 5,909,482 | $ 209,059,537 | |
Reinvestment of distributions | 149,851 | 6,030,030 | 107,500 | 3,517,405 | |
Shares redeemed | (1,722,444) | (67,522,397) | (2,524,019) | (89,539,386) | |
Converted from Class C | 52,437 | 2,062,786 | 151,812 | 5,130,264 | |
Net increase | 937,017 | $ 37,534,629 | 3,644,775 | $ 128,167,820 | |
Class C | |||||
Shares sold | 266,352 | $ 9,909,379 | 699,153 | $ 23,406,159 | |
Reinvestment of distributions | 6,448 | 243,522 | 1,916 | 58,943 | |
Shares redeemed | (179,562) | (6,664,642) | (402,202) | (13,362,066) | |
Converted to Class A | (56,012) | (2,062,786) | (162,282) | (5,130,264) | |
Net increase | 37,226 | $ 1,425,473 | 136,585 | $ 4,972,772 | |
Class I | |||||
Shares sold | 10,970,716 | $ 444,720,190 | 31,248,152 | $1,133,655,906 | |
Reinvestment of distributions | 762,717 | 31,507,827 | 587,791 | 19,732,152 | |
Shares redeemed | (9,338,899) | (376,199,787) | (17,687,899) | (653,606,778) | |
Net increase | 2,394,534 | $ 100,028,230 | 14,148,044 | $ 499,781,280 | |
Class R6 | |||||
Shares sold | 3,337,914 | $ 135,996,835 | 10,295,941 | $ 377,654,588 | |
Reinvestment of distributions | 254,065 | 10,487,823 | 182,682 | 6,127,146 | |
Shares redeemed | (2,637,996) | (106,880,392) | (5,521,831) | (206,394,035) | |
Net increase | 953,983 | $ 39,604,266 | 4,956,792 | $ 177,387,699 |
Officers |
Hope L. Brown Chief Compliance Officer |
Deidre E. Walsh Vice President, Secretary and Chief Legal Officer |
James F. Kirchner Treasurer |
Directors |
Alice Gresham Bullock Chairperson |
Richard L. Baird, Jr. |
Cari M. Dominguez |
John G. Guffey, Jr. |
Miles D. Harper, III |
Joy V. Jones |
John H. Streur* |
Anthony A. Williams |
*Interested Director and President |
Privacy Notice | April 2021 |
FACTS | WHAT DOES EATON VANCE DO WITH YOUR PERSONAL INFORMATION? |
Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
What? | The types of personal information we collect and share depend on the product or service you have with us. This information can include:■ Social Security number and income ■ investment experience and risk tolerance ■ checking account number and wire transfer instructions |
How? | All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Eaton Vance chooses to share; and whether you can limit this sharing. |
Reasons we can share your personal information | Does Eaton Vance share? | Can you limit this sharing? |
For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes — to offer our products and services to you | Yes | No |
For joint marketing with other financial companies | No | We don’t share |
For our investment management affiliates’ everyday business purposes — information about your transactions, experiences, and creditworthiness | Yes | Yes |
For our affiliates’ everyday business purposes — information about your transactions and experiences | Yes | No |
For our affiliates’ everyday business purposes — information about your creditworthiness | No | We don’t share |
For our investment management affiliates to market to you | Yes | Yes |
For our affiliates to market to you | No | We don’t share |
For nonaffiliates to market to you | No | We don’t share |
To limit our sharing | Call toll-free 1-800-368-2745 or email: CRMPrivacy@calvert.comPlease note:If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. |
Questions? | Call toll-free 1-800-368-2745 or email: CRMPrivacy@calvert.com |
Privacy Notice — continued | April 2021 |
Who we are | |
Who is providing this notice? | Eaton Vance Management, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Global Advisors Limited, Eaton Vance Management’s Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, Eaton Vance and Calvert Fund Families and our investment advisory affiliates (��Eaton Vance”) (see Investment Management Affiliates definition below) |
What we do | |
How does Eaton Vance protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We have policies governing the proper handling of customer information by personnel and requiring third parties that provide support to adhere to appropriate security standards with respect to such information. |
How does Eaton Vance collect my personal information? | We collect your personal information, for example, when you■ open an account or make deposits or withdrawals from your account ■ buy securities from us or make a wire transfer ■ give us your contact informationWe also collect your personal information from others, such as credit bureaus, affiliates, or other companies. |
Why can’t I limit all sharing? | Federal law gives you the right to limit only■ sharing for affiliates’ everyday business purposes — information about your creditworthiness ■ affiliates from using your information to market to you ■ sharing for nonaffiliates to market to youState laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law. |
Definitions | |
Investment Management Affiliates | Eaton Vance Investment Management Affiliates include registered investment advisers, registered broker- dealers, and registered and unregistered funds. Investment Management Affiliates does not include entities associated with Morgan Stanley Wealth Management, such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Affiliates | Companies related by common ownership or control. They can be financial and nonfinancial companies.■ Our affiliates include companies with a Morgan Stanley name and financial companies such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Nonaffiliates | Companies not related by common ownership or control. They can be financial and nonfinancial companies.■ Eaton Vance does not share with nonaffiliates so they can market to you. |
Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.■ Eaton Vance doesn’t jointly market. |
Other important information | |
Vermont: Except as permitted by law, we will not share personal information we collect about Vermont residents with Nonaffiliates unless you provide us with your written consent to share such information.California: Except as permitted by law, we will not share personal information we collect about California residents with Nonaffiliates and we will limit sharing such personal information with our Affiliates to comply with California privacy laws that apply to us. |
% Average Annual Total Returns1,2 | Class Inception Date | Performance Inception Date | Six Months | One Year | Five Years | Since Inception |
Class A at NAV | 06/19/2015 | 06/19/2015 | 1.38% | 12.94% | 20.27% | 16.49% |
Class A with 4.75% Maximum Sales Charge | — | — | (3.44) | 7.57 | 19.10 | 15.66 |
Class I at NAV | 06/19/2015 | 06/19/2015 | 1.51 | 13.22 | 20.61 | 16.85 |
Class R6 at NAV | 02/01/2022 | 06/19/2015 | 1.49 | 13.20 | 20.61 | 16.84 |
Russell 1000® Growth Index | — | — | 1.54% | 14.98% | 20.87% | 17.53% |
Calvert US Large-Cap Growth Responsible Index | — | — | 1.61 | 13.75 | 21.01 | 17.19 |
% Total Annual Operating Expense Ratios3 | Class A | Class I | Class R6 |
Gross | 0.66% | 0.41% | 0.38% |
Net | 0.49 | 0.24 | 0.21 |
Top 10 Holdings (% of net assets)* | |
Apple, Inc. | 10.4% |
Microsoft Corp. | 8.3 |
Alphabet, Inc., Class A | 5.7 |
Amazon.com, Inc. | 4.6 |
Tesla, Inc. | 3.7 |
NVIDIA Corp. | 2.7 |
Visa, Inc., Class A | 1.6 |
Mastercard, Inc., Class A | 1.3 |
Home Depot, Inc. (The) | 1.3 |
AbbVie, Inc. | 1.3 |
Total | 40.9% |
* | Excludes cash and cash equivalents. |
1 | Russell 1000® Growth Index is an unmanaged index of U.S. large-cap growth stocks. Calvert US Large-Cap Growth Responsible Index (the “Calvert Index”) is composed of common stocks of large growth companies that operate their businesses in a manner that is consistent with the Calvert Principles for Responsible Investment. Large growth companies are selected from the 1,000 largest publicly traded U.S. companies based on market capitalization and growth style factors, excluding real estate investment trusts and business development companies. The Calvert Principles of Responsible Investment serve as a framework for considering environmental, social and governance factors that may affect investment performance. Stocks are weighted in the Calvert Index based on their float-adjusted market capitalization within the relevant sector, subject to certain prescribed limits. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
2 | Total Returns at NAV do not include applicable sales charges. If sales charges were deducted, the returns would be lower. Total Returns shown with maximum sales charge reflect the stated maximum sales charge. Unless otherwise stated, performance does not reflect the deduction of taxes on Fund distributions or redemptions of Fund shares.Performance prior to the inception date of a class may be linked to the performance of an older class of the Fund. This linked performance is adjusted for any applicable sales charge, but is not adjusted for class expense differences. If adjusted for such differences, the performance would be different. The performance of Class R6 is linked to Class I. Performance since inception for an index, if presented, is the performance since the Fund's or oldest share class' inception, as applicable. Performance presented in the Financial Highlights included in the financial statements is not linked.Calvert Research and Management became the investment adviser to the Fund on December 31, 2016. Performance reflected prior to such date is that of the Fund’s former investment adviser. |
3 | Source: Fund prospectus. Net expense ratios reflect a contractual expense reimbursement that continues through 1/31/23. The expense ratios for the current reporting period can be found in the Financial Highlights section of this report. Performance reflects expenses waived and/or reimbursed, if applicable. Without such waivers and/or reimbursements, performance would have been lower. |
Beginning Account Value (10/1/21) | Ending Account Value (3/31/22) | Expenses Paid During Period (10/1/21 – 3/31/22) | Annualized Expense Ratio | |
Actual * | ||||
Class A | $1,000.00 | $1,013.80 | $2.46 ** | 0.49% |
Class I | $1,000.00 | $1,015.10 | $1.21 ** | 0.24% |
Class R6 | $1,000.00 | $ 993.80 | $0.34 ** | 0.21% |
Hypothetical *** | ||||
(5% return per year before expenses) | ||||
Class A | $1,000.00 | $1,022.49 | $2.47 ** | 0.49% |
Class I | $1,000.00 | $1,023.73 | $1.21 ** | 0.24% |
Class R6 | $1,000.00 | $1,023.88 | $1.06 ** | 0.21% |
* | Class R6 had not commenced operations on October 1, 2021. Actual expenses are equal to the Fund’s annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period); 59/365 for Class R6 (to reflect the period from the commencement of operations on February 1, 2022 to March 31, 2022). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on September 30, 2021 (February 1, 2022 for Class R6). |
** | Absent a waiver and/or reimbursement of expenses by an affiliate, expenses would be higher. |
*** | Hypothetical expenses are equal to the Fund's annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on September 30, 2021 (February 1, 2022 for Class R6). |
Common Stocks — 99.7% |
Security | Shares | Value | |
Aerospace & Defense — 0.2% | |||
Axon Enterprise, Inc.(1) | 1,223 | $ 168,444 | |
Curtiss-Wright Corp. | 194 | 29,131 | |
HEICO Corp. | 927 | 142,331 | |
Hexcel Corp. | 1,236 | 73,505 | |
Woodward, Inc. | 722 | 90,185 | |
$ 503,596 | |||
Air Freight & Logistics — 0.5% | |||
Expeditors International of Washington, Inc. | 2,338 | $ 241,188 | |
FedEx Corp. | 484 | 111,993 | |
GXO Logistics, Inc.(1) | 1,389 | 99,091 | |
United Parcel Service, Inc., Class B | 5,494 | 1,178,243 | |
$ 1,630,515 | |||
Airlines — 0.3% | |||
Alaska Air Group, Inc.(1) | 2,027 | $ 117,586 | |
American Airlines Group, Inc.(1) | 8,385 | 153,026 | |
Delta Air Lines, Inc.(1) | 8,411 | 332,824 | |
JetBlue Airways Corp.(1) | 4,756 | 71,102 | |
Southwest Airlines Co.(1) | 5,145 | 235,641 | |
$ 910,179 | |||
Auto Components — 0.2% | |||
Aptiv PLC(1) | 3,770 | $ 451,307 | |
Autoliv, Inc. | 680 | 51,979 | |
Gentex Corp. | 2,843 | 82,930 | |
Lear Corp. | 169 | 24,098 | |
$ 610,314 | |||
Automobiles — 3.7% | |||
Harley-Davidson, Inc. | 1,564 | $ 61,622 | |
Tesla, Inc.(1) | 10,370 | 11,174,712 | |
$ 11,236,334 | |||
Banks — 0.2% | |||
First Citizens Bancshares, Inc., Class A | 15 | $ 9,984 | |
First Financial Bankshares, Inc. | 1,241 | 54,753 | |
First Republic Bank | 987 | 159,993 | |
Signature Bank | 111 | 32,577 | |
SVB Financial Group(1) | 570 | 318,886 | |
Western Alliance Bancorp | 618 | 51,183 | |
$ 627,376 |
Security | Shares | Value | |
Beverages — 1.2% | |||
Coca-Cola Co. (The) | 37,549 | $ 2,328,038 | |
PepsiCo, Inc. | 8,229 | 1,377,370 | |
$ 3,705,408 | |||
Biotechnology — 4.1% | |||
AbbVie, Inc. | 23,867 | $ 3,869,079 | |
Alnylam Pharmaceuticals, Inc.(1) | 1,923 | 314,007 | |
Amgen, Inc. | 6,335 | 1,531,930 | |
Arrowhead Pharmaceuticals, Inc.(1) | 1,694 | 77,907 | |
Biogen, Inc.(1) | 1,264 | 266,198 | |
BioMarin Pharmaceutical, Inc.(1) | 1,444 | 111,332 | |
Blueprint Medicines Corp.(1) | 1,180 | 75,378 | |
Denali Therapeutics, Inc.(1) | 2,000 | 64,340 | |
Exact Sciences Corp.(1) | 2,877 | 201,160 | |
Exelixis, Inc.(1) | 5,681 | 128,788 | |
Gilead Sciences, Inc. | 19,471 | 1,157,551 | |
Halozyme Therapeutics, Inc.(1) | 2,712 | 108,155 | |
Horizon Therapeutics PLC(1) | 3,556 | 374,127 | |
Incyte Corp.(1) | 2,380 | 189,020 | |
Ionis Pharmaceuticals, Inc.(1) | 2,811 | 104,119 | |
Moderna, Inc.(1) | 5,376 | 926,070 | |
Neurocrine Biosciences, Inc.(1) | 1,649 | 154,594 | |
Regeneron Pharmaceuticals, Inc.(1) | 1,606 | 1,121,662 | |
Sarepta Therapeutics, Inc.(1) | 1,435 | 112,102 | |
Seagen, Inc.(1) | 2,099 | 302,361 | |
Ultragenyx Pharmaceutical, Inc.(1) | 1,296 | 94,116 | |
United Therapeutics Corp.(1) | 354 | 63,511 | |
Vertex Pharmaceuticals, Inc.(1) | 3,930 | 1,025,612 | |
$ 12,373,119 | |||
Building Products — 0.6% | |||
Advanced Drainage Systems, Inc. | 1,188 | $ 141,146 | |
Allegion PLC | 1,384 | 151,936 | |
Armstrong World Industries, Inc. | 421 | 37,894 | |
AZEK Co., Inc. (The)(1) | 1,735 | 43,097 | |
Carlisle Cos., Inc. | 1,023 | 251,576 | |
Carrier Global Corp. | 1,877 | 86,098 | |
Fortune Brands Home & Security, Inc. | 1,026 | 76,211 | |
Johnson Controls International PLC | 2,843 | 186,416 | |
Lennox International, Inc. | 683 | 176,118 | |
Masco Corp. | 2,646 | 134,946 | |
Trane Technologies PLC | 1,818 | 277,609 | |
Trex Co., Inc.(1) | 1,770 | 115,634 | |
Zurn Water Solutions Corp. | 1,645 | 58,233 | |
$ 1,736,914 |
Security | Shares | Value | |
Capital Markets — 2.5% | |||
Affiliated Managers Group, Inc. | 280 | $ 39,466 | |
Ameriprise Financial, Inc. | 1,314 | 394,673 | |
Ares Management Corp., Class A | 648 | 52,637 | |
BlackRock, Inc. | 621 | 474,549 | |
Blackstone, Inc. | 1,759 | 223,287 | |
Cboe Global Markets, Inc. | 680 | 77,806 | |
Charles Schwab Corp. (The) | 7,414 | 625,074 | |
CME Group, Inc. | 749 | 178,157 | |
Evercore, Inc., Class A | 209 | 23,266 | |
FactSet Research Systems, Inc. | 554 | 240,519 | |
Hamilton Lane, Inc., Class A | 483 | 37,331 | |
Houlihan Lokey, Inc. | 422 | 37,052 | |
Intercontinental Exchange, Inc. | 3,489 | 460,967 | |
KKR & Co., Inc. | 1,431 | 83,671 | |
LPL Financial Holdings, Inc. | 912 | 166,604 | |
MarketAxess Holdings, Inc. | 505 | 171,801 | |
Moody's Corp. | 2,345 | 791,226 | |
Morningstar, Inc. | 417 | 113,912 | |
MSCI, Inc. | 1,128 | 567,249 | |
Nasdaq, Inc. | 870 | 155,034 | |
S&P Global, Inc. | 5,068 | 2,078,792 | |
SEI Investments Co. | 1,517 | 91,339 | |
T. Rowe Price Group, Inc. | 2,378 | 359,530 | |
Tradeweb Markets, Inc., Class A | 1,442 | 126,708 | |
$ 7,570,650 | |||
Chemicals — 1.1% | |||
Air Products & Chemicals, Inc. | 1,946 | $ 486,325 | |
Axalta Coating Systems, Ltd.(1) | 4,264 | 104,809 | |
Eastman Chemical Co. | 672 | 75,304 | |
Ecolab, Inc. | 3,703 | 653,802 | |
FMC Corp. | 2,481 | 326,425 | |
International Flavors & Fragrances, Inc. | 2,006 | 263,448 | |
PPG Industries, Inc. | 2,544 | 333,442 | |
Sherwin-Williams Co. (The) | 4,198 | 1,047,905 | |
$ 3,291,460 | |||
Commercial Services & Supplies — 0.6% | |||
Cintas Corp. | 888 | $ 377,746 | |
Clean Harbors, Inc.(1) | 405 | 45,214 | |
Copart, Inc.(1) | 2,724 | 341,780 | |
IAA, Inc.(1) | 2,136 | 81,702 | |
MSA Safety, Inc. | 769 | 102,046 | |
Republic Services, Inc. | 1,200 | 159,000 | |
Stericycle, Inc.(1) | 435 | 25,630 | |
Tetra Tech, Inc. | 561 | 92,532 |
Security | Shares | Value | |
Commercial Services & Supplies (continued) | |||
Waste Management, Inc. | 4,167 | $ 660,470 | |
$ 1,886,120 | |||
Communications Equipment — 0.8% | |||
Arista Networks, Inc.(1) | 3,383 | $ 470,169 | |
Ciena Corp.(1) | 1,005 | 60,933 | |
Cisco Systems, Inc. | 19,712 | 1,099,141 | |
F5, Inc.(1) | 913 | 190,771 | |
Juniper Networks, Inc. | 965 | 35,860 | |
Lumentum Holdings, Inc.(1) | 479 | 46,751 | |
Motorola Solutions, Inc. | 2,335 | 565,537 | |
$ 2,469,162 | |||
Construction & Engineering — 0.1% | |||
EMCOR Group, Inc. | 627 | $ 70,619 | |
MasTec, Inc.(1) | 276 | 24,040 | |
Quanta Services, Inc. | 853 | 112,263 | |
Valmont Industries, Inc. | 151 | 36,029 | |
$ 242,951 | |||
Construction Materials — 0.3% | |||
Martin Marietta Materials, Inc. | 1,039 | $ 399,901 | |
Vulcan Materials Co. | 2,275 | 417,917 | |
$ 817,818 | |||
Consumer Finance — 0.2% | |||
American Express Co. | 2,620 | $ 489,940 | |
Credit Acceptance Corp.(1) | 62 | 34,123 | |
$ 524,063 | |||
Containers & Packaging — 0.3% | |||
AptarGroup, Inc. | 674 | $ 79,195 | |
Avery Dennison Corp. | 1,164 | 202,501 | |
Ball Corp. | 4,050 | 364,500 | |
Crown Holdings, Inc. | 773 | 96,695 | |
Packaging Corp. of America | 230 | 35,905 | |
Sonoco Products Co. | 544 | 34,033 | |
WestRock Co. | 636 | 29,911 | |
$ 842,740 | |||
Distributors — 0.1% | |||
Genuine Parts Co. | 1,149 | $ 144,797 | |
LKQ Corp. | 610 | 27,700 | |
Pool Corp. | 517 | 218,614 | |
$ 391,111 |
Security | Shares | Value | |
Diversified Consumer Services — 0.1% | |||
ADT, Inc. | 5,150 | $ 39,089 | |
Bright Horizons Family Solutions, Inc.(1) | 1,017 | 134,946 | |
Chegg, Inc.(1) | 1,864 | 67,626 | |
Terminix Global Holdings, Inc.(1) | 1,591 | 72,597 | |
$ 314,258 | |||
Diversified Financial Services — 0.1% | |||
Equitable Holdings, Inc. | 5,480 | $ 169,387 | |
$ 169,387 | |||
Diversified Telecommunication Services — 0.0%(2) | |||
Iridium Communications, Inc.(1) | 1,574 | $ 63,464 | |
$ 63,464 | |||
Electric Utilities — 0.2% | |||
NextEra Energy, Inc. | 7,987 | $ 676,579 | |
$ 676,579 | |||
Electrical Equipment — 0.8% | |||
Acuity Brands, Inc. | 239 | $ 45,243 | |
AMETEK, Inc. | 3,351 | 446,286 | |
Eaton Corp. PLC | 2,394 | 363,314 | |
Emerson Electric Co. | 3,844 | 376,904 | |
Generac Holdings, Inc.(1) | 1,141 | 339,174 | |
Hubbell, Inc. | 426 | 78,286 | |
nVent Electric PLC | 3,540 | 123,121 | |
Regal Rexnord Corp. | 191 | 28,417 | |
Rockwell Automation, Inc. | 1,214 | 339,956 | |
Sensata Technologies Holding PLC(1) | 2,684 | 136,481 | |
Sunrun, Inc.(1) | 1,537 | 46,679 | |
Vertiv Holdings Co. | 5,961 | 83,454 | |
$ 2,407,315 | |||
Electronic Equipment, Instruments & Components — 0.9% | |||
Amphenol Corp., Class A | 9,800 | $ 738,430 | |
Corning, Inc. | 3,157 | 116,525 | |
II-VI, Inc.(1)(3) | 1,206 | 87,423 | |
IPG Photonics Corp.(1) | 534 | 58,612 | |
Keysight Technologies, Inc.(1) | 3,736 | 590,176 | |
Littelfuse, Inc. | 258 | 64,348 | |
National Instruments Corp. | 2,323 | 94,290 | |
Novanta, Inc.(1) | 706 | 100,457 | |
Teledyne Technologies, Inc.(1) | 710 | 335,567 | |
Trimble, Inc.(1) | 4,776 | 344,540 | |
Zebra Technologies Corp., Class A(1) | 751 | 310,689 | |
$ 2,841,057 |
Security | Shares | Value | |
Entertainment — 2.1% | |||
AMC Entertainment Holdings, Inc., Class A(1)(3) | 2,430 | $ 59,875 | |
Electronic Arts, Inc. | 3,774 | 477,449 | |
Liberty Media Corp.-Liberty Formula One, Class A(1) | 790 | 49,873 | |
Live Nation Entertainment, Inc.(1) | 1,531 | 180,107 | |
Netflix, Inc.(1) | 5,885 | 2,204,462 | |
Roku, Inc.(1) | 1,576 | 197,425 | |
Take-Two Interactive Software, Inc.(1) | 1,501 | 230,764 | |
Walt Disney Co. (The)(1) | 20,598 | 2,825,222 | |
Warner Music Group Corp., Class A | 1,813 | 68,622 | |
Zynga, Inc., Class A(1) | 17,506 | 161,755 | |
$ 6,455,554 | |||
Food & Staples Retailing — 0.1% | |||
Costco Wholesale Corp. | 341 | $ 196,365 | |
Sysco Corp. | 941 | 76,833 | |
$ 273,198 | |||
Food Products — 0.6% | |||
Darling Ingredients, Inc.(1) | 2,110 | $ 169,602 | |
Freshpet, Inc.(1) | 918 | 94,224 | |
Hershey Co. (The) | 1,815 | 393,183 | |
Hormel Foods Corp. | 1,585 | 81,691 | |
Ingredion, Inc. | 1,306 | 113,818 | |
Kraft Heinz Co. (The) | 8,221 | 323,825 | |
Lamb Weston Holdings, Inc. | 2,711 | 162,416 | |
Lancaster Colony Corp. | 380 | 56,677 | |
McCormick & Co., Inc. | 2,007 | 200,299 | |
Mondelez International, Inc., Class A | 1,634 | 102,582 | |
$ 1,698,317 | |||
Health Care Equipment & Supplies — 5.1% | |||
Abbott Laboratories | 24,452 | $ 2,894,139 | |
ABIOMED, Inc.(1) | 731 | 242,136 | |
Align Technology, Inc.(1) | 1,155 | 503,580 | |
Baxter International, Inc. | 5,788 | 448,802 | |
Becton, Dickinson and Co. | 2,561 | 681,226 | |
Boston Scientific Corp.(1) | 21,955 | 972,387 | |
Cooper Cos., Inc. (The) | 72 | 30,066 | |
DENTSPLY SIRONA, Inc. | 3,479 | 171,236 | |
DexCom, Inc.(1) | 1,505 | 769,958 | |
Edwards Lifesciences Corp.(1) | 9,546 | 1,123,755 | |
Envista Holdings Corp.(1) | 2,844 | 138,531 | |
Globus Medical, Inc., Class A(1) | 1,930 | 142,395 | |
Hologic, Inc.(1) | 1,089 | 83,657 | |
IDEXX Laboratories, Inc.(1) | 1,312 | 717,743 | |
Insulet Corp.(1) | 1,088 | 289,832 |
Security | Shares | Value | |
Health Care Equipment & Supplies (continued) | |||
Integra LifeSciences Holdings Corp.(1) | 852 | $ 54,750 | |
Intuitive Surgical, Inc.(1) | 5,463 | 1,648,078 | |
Masimo Corp.(1) | 853 | 124,146 | |
Medtronic PLC | 10,868 | 1,205,805 | |
Neogen Corp.(1) | 1,618 | 49,899 | |
Nevro Corp.(1) | 417 | 30,162 | |
Novocure, Ltd.(1) | 1,545 | 128,003 | |
Penumbra, Inc.(1) | 558 | 123,949 | |
Quidel Corp.(1) | 663 | 74,561 | |
ResMed, Inc. | 2,247 | 544,920 | |
STAAR Surgical Co.(1) | 928 | 74,156 | |
STERIS PLC | 1,205 | 291,333 | |
Stryker Corp. | 5,390 | 1,441,016 | |
Teleflex, Inc. | 724 | 256,897 | |
Zimmer Biomet Holdings, Inc. | 2,467 | 315,529 | |
Zimvie, Inc.(1) | 246 | 5,619 | |
$ 15,578,266 | |||
Health Care Providers & Services — 0.2% | |||
Amedisys, Inc.(1) | 480 | $ 82,699 | |
Chemed Corp. | 226 | 114,480 | |
DaVita, Inc.(1) | 423 | 47,846 | |
Encompass Health Corp. | 400 | 28,444 | |
Guardant Health, Inc.(1) | 1,726 | 114,330 | |
HealthEquity, Inc.(1) | 1,559 | 105,139 | |
LHC Group, Inc.(1) | 343 | 57,830 | |
Molina Healthcare, Inc.(1) | 30 | 10,008 | |
Progyny, Inc.(1) | 1,303 | 66,974 | |
R1 RCM, Inc.(1) | 2,986 | 79,905 | |
$ 707,655 | |||
Health Care Technology — 0.3% | |||
Cerner Corp. | 2,622 | $ 245,314 | |
Change Healthcare, Inc.(1) | 1,226 | 26,727 | |
Omnicell, Inc.(1) | 695 | 89,996 | |
Teladoc Health, Inc.(1) | 2,749 | 198,285 | |
Veeva Systems, Inc., Class A(1) | 1,903 | 404,311 | |
$ 964,633 | |||
Hotels, Restaurants & Leisure — 2.3% | |||
Aramark | 1,311 | $ 49,294 | |
Booking Holdings, Inc.(1) | 561 | 1,317,480 | |
Chipotle Mexican Grill, Inc.(1) | 491 | 776,777 | |
Choice Hotels International, Inc. | 632 | 89,592 | |
Darden Restaurants, Inc. | 1,865 | 247,952 | |
Domino's Pizza, Inc. | 639 | 260,079 |
Security | Shares | Value | |
Hotels, Restaurants & Leisure (continued) | |||
Expedia Group, Inc.(1) | 1,181 | $ 231,086 | |
Hilton Worldwide Holdings, Inc.(1) | 2,421 | 367,363 | |
Hyatt Hotels Corp., Class A(1) | 914 | 87,241 | |
Marriott International, Inc., Class A(1) | 2,268 | 398,601 | |
Marriott Vacations Worldwide Corp. | 385 | 60,715 | |
Planet Fitness, Inc., Class A(1) | 1,231 | 103,995 | |
Royal Caribbean Cruises, Ltd.(1) | 2,220 | 185,992 | |
Starbucks Corp. | 18,465 | 1,679,761 | |
Texas Roadhouse, Inc. | 1,366 | 114,375 | |
Travel + Leisure Co. | 727 | 42,122 | |
Vail Resorts, Inc. | 436 | 113,478 | |
Wendy's Co. (The) | 2,374 | 52,157 | |
Wyndham Hotels & Resorts, Inc. | 1,331 | 112,722 | |
Yum! Brands, Inc. | 4,913 | 582,338 | |
$ 6,873,120 | |||
Household Durables — 0.2% | |||
D.R. Horton, Inc. | 1,212 | $ 90,306 | |
Helen of Troy, Ltd.(1) | 373 | 73,048 | |
NVR, Inc.(1) | 67 | 299,307 | |
Tempur Sealy International, Inc. | 2,854 | 79,684 | |
TopBuild Corp.(1) | 721 | 130,782 | |
$ 673,127 | |||
Household Products — 0.8% | |||
Church & Dwight Co., Inc. | 2,197 | $ 218,338 | |
Clorox Co. (The) | 1,064 | 147,928 | |
Colgate-Palmolive Co. | 8,018 | 608,005 | |
Kimberly-Clark Corp. | 891 | 109,736 | |
Procter & Gamble Co. (The) | 9,858 | 1,506,302 | |
$ 2,590,309 | |||
Independent Power and Renewable Electricity Producers — 0.1% | |||
AES Corp. (The) | 4,580 | $ 117,844 | |
Brookfield Renewable Corp., Class A | 1,793 | 78,533 | |
$ 196,377 | |||
Industrial Conglomerates — 0.3% | |||
3M Co. | 2,139 | $ 318,454 | |
Roper Technologies, Inc. | 1,278 | 603,510 | |
$ 921,964 | |||
Insurance — 0.5% | |||
American International Group, Inc. | 634 | $ 39,796 | |
Brown & Brown, Inc. | 1,864 | 134,711 | |
Erie Indemnity Co., Class A | 335 | 59,004 |
Security | Shares | Value | |
Insurance (continued) | |||
Marsh & McLennan Cos., Inc. | 4,541 | $ 773,877 | |
MetLife, Inc. | 3,014 | 211,824 | |
Primerica, Inc. | 236 | 32,290 | |
RLI Corp. | 345 | 38,167 | |
Willis Towers Watson PLC | 443 | 104,646 | |
$ 1,394,315 | |||
Interactive Media & Services — 6.1% | |||
Alphabet, Inc., Class A(1) | 6,229 | $ 17,325,029 | |
Angi, Inc.(1) | 1,810 | 10,263 | |
Match Group, Inc.(1) | 4,054 | 440,832 | |
Snap, Inc., Class A(1) | 13,712 | 493,495 | |
TripAdvisor, Inc.(1) | 1,355 | 36,748 | |
Ziff Davis, Inc.(1) | 810 | 78,392 | |
ZoomInfo Technologies, Inc., Class A(1) | 4,271 | 255,149 | |
$ 18,639,908 | |||
Internet & Direct Marketing Retail — 4.9% | |||
Amazon.com, Inc.(1) | 4,335 | $ 14,131,884 | |
Chewy, Inc., Class A(1)(3) | 1,490 | 60,762 | |
eBay, Inc. | 6,431 | 368,239 | |
Etsy, Inc.(1) | 1,629 | 202,452 | |
Stitch Fix, Inc., Class A(1) | 2,499 | 25,165 | |
Wayfair, Inc., Class A(1) | 1,050 | 116,319 | |
$ 14,904,821 | |||
IT Services — 6.3% | |||
Accenture PLC, Class A | 7,920 | $ 2,670,862 | |
Akamai Technologies, Inc.(1) | 2,198 | 262,419 | |
Automatic Data Processing, Inc. | 3,032 | 689,901 | |
Block, Inc., Class A(1) | 7,040 | 954,624 | |
Broadridge Financial Solutions, Inc. | 1,316 | 204,914 | |
Cognizant Technology Solutions Corp., Class A | 2,782 | 249,462 | |
Concentrix Corp. | 689 | 114,760 | |
EPAM Systems, Inc.(1) | 771 | 228,686 | |
Euronet Worldwide, Inc.(1) | 851 | 110,758 | |
Fidelity National Information Services, Inc. | 965 | 96,905 | |
Fiserv, Inc.(1) | 8,410 | 852,774 | |
Gartner, Inc.(1) | 1,136 | 337,915 | |
Genpact, Ltd. | 1,816 | 79,014 | |
Jack Henry & Associates, Inc. | 1,012 | 199,415 | |
Mastercard, Inc., Class A | 11,444 | 4,089,857 | |
MAXIMUS, Inc. | 651 | 48,792 | |
Okta, Inc.(1) | 1,953 | 294,825 | |
Paychex, Inc. | 2,785 | 380,069 | |
PayPal Holdings, Inc.(1) | 15,183 | 1,755,914 |
Security | Shares | Value | |
IT Services (continued) | |||
Switch, Inc., Class A | 902 | $ 27,800 | |
TTEC Holdings, Inc. | 252 | 20,795 | |
Twilio, Inc., Class A(1) | 2,457 | 404,938 | |
VeriSign, Inc.(1) | 1,441 | 320,565 | |
Visa, Inc., Class A | 21,563 | 4,782,026 | |
WEX, Inc.(1) | 721 | 128,662 | |
$ 19,306,652 | |||
Leisure Products — 0.1% | |||
Brunswick Corp. | 641 | $ 51,850 | |
Callaway Golf Co.(1) | 1,142 | 26,746 | |
Hasbro, Inc. | 312 | 25,559 | |
Mattel, Inc.(1) | 1,914 | 42,510 | |
YETI Holdings, Inc.(1) | 1,404 | 84,212 | |
$ 230,877 | |||
Life Sciences Tools & Services — 3.6% | |||
10X Genomics, Inc., Class A(1) | 1,383 | $ 105,205 | |
Agilent Technologies, Inc. | 4,651 | 615,467 | |
Avantor, Inc.(1) | 9,489 | 320,918 | |
Azenta, Inc. | 1,043 | 86,444 | |
Bio-Rad Laboratories, Inc., Class A(1) | 61 | 34,357 | |
Bio-Techne Corp. | 600 | 259,824 | |
Bruker Corp. | 1,850 | 118,955 | |
Charles River Laboratories International, Inc.(1) | 769 | 218,373 | |
Danaher Corp. | 8,560 | 2,510,905 | |
Illumina, Inc.(1) | 2,438 | 851,837 | |
IQVIA Holdings, Inc.(1) | 2,984 | 689,930 | |
Medpace Holdings, Inc.(1) | 574 | 93,901 | |
Mettler-Toledo International, Inc.(1) | 340 | 466,884 | |
NeoGenomics, Inc.(1) | 2,359 | 28,662 | |
PerkinElmer, Inc. | 2,056 | 358,690 | |
Repligen Corp.(1) | 847 | 159,312 | |
Syneos Health, Inc.(1) | 1,274 | 103,130 | |
Thermo Fisher Scientific, Inc. | 5,437 | 3,211,364 | |
Waters Corp.(1) | 936 | 290,525 | |
West Pharmaceutical Services, Inc. | 1,190 | 488,745 | |
$ 11,013,428 | |||
Machinery — 2.2% | |||
AGCO Corp. | 44 | $ 6,425 | |
Caterpillar, Inc. | 4,963 | 1,105,856 | |
Chart Industries, Inc.(1)(3) | 587 | 100,829 | |
CNH Industrial NV | 4,415 | 70,022 | |
Colfax Corp.(1) | 2,555 | 101,663 | |
Crane Co. | 290 | 31,401 |
Security | Shares | Value | |
Machinery (continued) | |||
Cummins, Inc. | 528 | $ 108,298 | |
Deere & Co. | 2,621 | 1,088,921 | |
Donaldson Co., Inc. | 1,543 | 80,128 | |
Dover Corp. | 1,029 | 161,450 | |
Flowserve Corp. | 1,096 | 39,346 | |
Gates Industrial Corp. PLC(1) | 3,398 | 51,174 | |
Graco, Inc. | 3,201 | 223,174 | |
IDEX Corp. | 1,149 | 220,298 | |
Illinois Tool Works, Inc. | 4,055 | 849,117 | |
Ingersoll Rand, Inc. | 4,170 | 209,959 | |
ITT, Inc. | 1,633 | 122,818 | |
John Bean Technologies Corp. | 589 | 69,779 | |
Lincoln Electric Holdings, Inc. | 801 | 110,386 | |
Middleby Corp. (The)(1) | 906 | 148,530 | |
Nordson Corp. | 847 | 192,337 | |
Oshkosh Corp. | 324 | 32,611 | |
Otis Worldwide Corp. | 6,708 | 516,181 | |
Parker-Hannifin Corp. | 919 | 260,775 | |
Pentair PLC | 1,123 | 60,878 | |
RBC Bearings, Inc.(1) | 491 | 95,195 | |
Snap-on, Inc. | 130 | 26,712 | |
Stanley Black & Decker, Inc. | 388 | 54,238 | |
Timken Co. (The) | 457 | 27,740 | |
Toro Co. (The) | 1,894 | 161,918 | |
Watts Water Technologies, Inc., Class A | 407 | 56,813 | |
Westinghouse Air Brake Technologies Corp. | 359 | 34,525 | |
Xylem, Inc. | 2,618 | 223,211 | |
$ 6,642,708 | |||
Media — 0.5% | |||
Altice USA, Inc., Class A(1) | 3,611 | $ 45,065 | |
Cable One, Inc. | 57 | 83,462 | |
Charter Communications, Inc., Class A(1) | 1,236 | 674,263 | |
Comcast Corp., Class A | 1,724 | 80,718 | |
Discovery, Inc., Class A(1) | 928 | 23,126 | |
Interpublic Group of Cos., Inc. (The) | 981 | 34,776 | |
Liberty Broadband Corp., Class C(1) | 2,301 | 311,371 | |
New York Times Co. (The), Class A | 2,777 | 127,297 | |
Sirius XM Holdings, Inc. | 13,353 | 88,397 | |
$ 1,468,475 | |||
Metals & Mining — 0.0%(2) | |||
Steel Dynamics, Inc. | 84 | $ 7,008 | |
$ 7,008 |
Security | Shares | Value | |
Multiline Retail — 0.2% | |||
Dollar General Corp. | 1,425 | $ 317,248 | |
Nordstrom, Inc. | 202 | 5,476 | |
Ollie's Bargain Outlet Holdings, Inc.(1) | 1,083 | 46,525 | |
Target Corp. | 1,485 | 315,147 | |
$ 684,396 | |||
Oil, Gas & Consumable Fuels — 0.0%(2) | |||
New Fortress Energy, Inc.(3) | 1,873 | $ 79,809 | |
$ 79,809 | |||
Paper & Forest Products — 0.0%(2) | |||
Louisiana-Pacific Corp. | 592 | $ 36,775 | |
$ 36,775 | |||
Personal Products — 0.3% | |||
Coty, Inc., Class A(1) | 3,419 | $ 30,737 | |
Estee Lauder Cos., Inc. (The), Class A | 2,951 | 803,616 | |
$ 834,353 | |||
Pharmaceuticals — 3.3% | |||
Bristol-Myers Squibb Co. | 31,656 | $ 2,311,838 | |
Catalent, Inc.(1) | 2,539 | 281,575 | |
Elanco Animal Health, Inc.(1) | 4,555 | 118,840 | |
Eli Lilly & Co. | 11,149 | 3,192,739 | |
Jazz Pharmaceuticals PLC(1) | 699 | 108,813 | |
Merck & Co., Inc. | 31,626 | 2,594,913 | |
Organon & Co. | 4,054 | 141,606 | |
Royalty Pharma PLC, Class A | 2,111 | 82,245 | |
Zoetis, Inc. | 7,138 | 1,346,156 | |
$ 10,178,725 | |||
Professional Services — 0.6% | |||
ASGN, Inc.(1) | 396 | $ 46,217 | |
Booz Allen Hamilton Holding Corp. | 876 | 76,948 | |
CoStar Group, Inc.(1) | 5,627 | 374,814 | |
Dun & Bradstreet Holdings, Inc.(1) | 3,256 | 57,045 | |
Exponent, Inc. | 884 | 95,516 | |
FTI Consulting, Inc.(1)(3) | 326 | 51,254 | |
ManpowerGroup, Inc. | 253 | 23,762 | |
Nielsen Holdings PLC | 5,804 | 158,101 | |
Robert Half International, Inc. | 1,162 | 132,677 | |
TransUnion | 2,789 | 288,215 | |
TriNet Group, Inc.(1) | 407 | 40,033 | |
Upwork, Inc.(1) | 1,773 | 41,205 | |
Verisk Analytics, Inc. | 2,354 | 505,239 | |
$ 1,891,026 |
Security | Shares | Value | |
Real Estate Management & Development — 0.2% | |||
CBRE Group, Inc., Class A(1) | 4,506 | $ 412,389 | |
eXp World Holdings, Inc. | 2,297 | 48,628 | |
Redfin Corp.(1) | 2,062 | 37,198 | |
Zillow Group, Inc., Class C(1) | 2,458 | 121,155 | |
$ 619,370 | |||
Road & Rail — 0.8% | |||
Avis Budget Group, Inc.(1) | 539 | $ 141,919 | |
J.B. Hunt Transport Services, Inc. | 799 | 160,431 | |
Landstar System, Inc. | 515 | 77,677 | |
Norfolk Southern Corp. | 1,187 | 338,556 | |
Old Dominion Freight Line, Inc. | 1,404 | 419,347 | |
Saia, Inc.(1) | 426 | 103,867 | |
Union Pacific Corp. | 4,241 | 1,158,684 | |
XPO Logistics, Inc.(1) | 1,424 | 103,667 | |
$ 2,504,148 | |||
Semiconductors & Semiconductor Equipment — 8.3% | |||
Advanced Micro Devices, Inc.(1) | 21,999 | $ 2,405,371 | |
Allegro MicroSystems, Inc.(1) | 1,331 | 37,800 | |
Analog Devices, Inc. | 4,265 | 704,493 | |
Applied Materials, Inc. | 12,043 | 1,587,268 | |
Broadcom, Inc. | 4,584 | 2,886,453 | |
Enphase Energy, Inc.(1) | 1,761 | 355,335 | |
Entegris, Inc. | 1,928 | 253,069 | |
Intel Corp. | 4,029 | 199,677 | |
KLA Corp. | 2,105 | 770,556 | |
Lam Research Corp. | 1,920 | 1,032,211 | |
Lattice Semiconductor Corp.(1) | 1,876 | 114,342 | |
Marvell Technology, Inc. | 8,197 | 587,807 | |
Microchip Technology, Inc. | 7,371 | 553,857 | |
Micron Technology, Inc. | 15,217 | 1,185,252 | |
MKS Instruments, Inc. | 890 | 133,500 | |
Monolithic Power Systems, Inc. | 643 | 312,292 | |
NVIDIA Corp. | 30,078 | 8,207,083 | |
ON Semiconductor Corp.(1) | 5,788 | 362,387 | |
Power Integrations, Inc. | 771 | 71,456 | |
Qorvo, Inc.(1) | 1,444 | 179,200 | |
Silicon Laboratories, Inc.(1) | 649 | 97,480 | |
Skyworks Solutions, Inc. | 2,219 | 295,748 | |
SolarEdge Technologies, Inc.(1) | 650 | 209,541 | |
Teradyne, Inc. | 2,939 | 347,478 | |
Texas Instruments, Inc. | 12,512 | 2,295,702 | |
Universal Display Corp. | 740 | 123,543 | |
Wolfspeed, Inc.(1)(3) | 413 | 47,024 | |
$ 25,355,925 |
Security | Shares | Value | |
Software — 15.2% | |||
Adobe, Inc.(1) | 6,357 | $ 2,896,376 | |
Altair Engineering, Inc., Class A(1) | 850 | 54,740 | |
Alteryx, Inc., Class A(1) | 924 | 66,094 | |
Anaplan, Inc.(1) | 1,842 | 119,822 | |
ANSYS, Inc.(1) | 1,180 | 374,827 | |
Appfolio, Inc., Class A(1) | 282 | 31,925 | |
Appian Corp.(1) | 772 | 46,953 | |
Aspen Technology, Inc.(1) | 960 | 158,755 | |
Autodesk, Inc.(1) | 3,088 | 661,913 | |
Avalara, Inc.(1) | 1,358 | 135,135 | |
Bill.com Holdings, Inc.(1) | 1,391 | 315,465 | |
Black Knight, Inc.(1) | 1,559 | 90,406 | |
Blackline, Inc.(1) | 887 | 64,946 | |
Cadence Design Systems, Inc.(1) | 3,842 | 631,855 | |
Citrix Systems, Inc. | 1,806 | 182,225 | |
Consensus Cloud Solutions, Inc.(1) | 634 | 38,122 | |
Coupa Software, Inc.(1) | 1,154 | 117,281 | |
CrowdStrike Holdings, Inc., Class A(1) | 96 | 21,800 | |
DocuSign, Inc.(1) | 2,703 | 289,545 | |
Dolby Laboratories, Inc., Class A | 667 | 52,173 | |
Duck Creek Technologies, Inc.(1) | 1,860 | 41,143 | |
Dynatrace, Inc.(1) | 3,219 | 151,615 | |
Fair Isaac Corp.(1) | 414 | 193,114 | |
Five9, Inc.(1) | 1,049 | 115,810 | |
Guidewire Software, Inc.(1) | 1,184 | 112,030 | |
HubSpot, Inc.(1) | 654 | 310,611 | |
Intuit, Inc. | 3,761 | 1,808,439 | |
Manhattan Associates, Inc.(1) | 924 | 128,168 | |
Microsoft Corp. | 81,971 | 25,272,479 | |
MicroStrategy, Inc., Class A(1) | 155 | 75,380 | |
NCR Corp.(1) | 1,631 | 65,550 | |
NortonLifeLock, Inc. | 4,499 | 119,314 | |
Nutanix, Inc., Class A(1) | 1,023 | 27,437 | |
Oracle Corp. | 19,099 | 1,580,060 | |
Palo Alto Networks, Inc.(1)(3) | 1,313 | 817,356 | |
Paycom Software, Inc.(1) | 733 | 253,897 | |
Paylocity Holding Corp.(1) | 607 | 124,902 | |
Pegasystems, Inc. | 807 | 65,085 | |
PTC, Inc.(1) | 1,596 | 171,921 | |
Q2 Holdings, Inc.(1) | 948 | 58,444 | |
Rapid7, Inc.(1) | 970 | 107,903 | |
RingCentral, Inc., Class A(1) | 1,116 | 130,806 | |
salesforce.com, inc.(1) | 12,934 | 2,746,147 | |
ServiceNow, Inc.(1) | 2,696 | 1,501,375 | |
Smartsheet, Inc., Class A(1) | 2,003 | 109,724 | |
Splunk, Inc.(1) | 2,135 | 317,282 |
Security | Shares | Value | |
Software (continued) | |||
SS&C Technologies Holdings, Inc. | 3,063 | $ 229,786 | |
Synopsys, Inc.(1) | 2,061 | 686,869 | |
Teradata Corp.(1) | 1,382 | 68,119 | |
Trade Desk, Inc. (The), Class A(1) | 6,022 | 417,024 | |
Tyler Technologies, Inc.(1) | 581 | 258,481 | |
VMware, Inc., Class A | 2,976 | 338,877 | |
Workday, Inc., Class A(1) | 2,680 | 641,753 | |
Workiva, Inc.(1) | 700 | 82,600 | |
Zendesk, Inc.(1) | 1,810 | 217,725 | |
Zoom Video Communications, Inc., Class A(1) | 3,159 | 370,330 | |
Zscaler, Inc.(1) | 1,195 | 288,330 | |
$ 46,356,244 | |||
Specialty Retail — 3.0% | |||
Advance Auto Parts, Inc. | 112 | $ 23,180 | |
American Eagle Outfitters, Inc. | 2,370 | 39,816 | |
AutoZone, Inc.(1) | 249 | 509,100 | |
Bath & Body Works, Inc. | 791 | 37,810 | |
Burlington Stores, Inc.(1) | 857 | 156,120 | |
CarMax, Inc.(1)(3) | 327 | 31,549 | |
Carvana Co.(1) | 1,080 | 128,833 | |
Five Below, Inc.(1) | 754 | 119,411 | |
Floor & Decor Holdings, Inc., Class A(1) | 1,466 | 118,746 | |
GameStop Corp., Class A(1) | 379 | 63,134 | |
Home Depot, Inc. (The) | 12,936 | 3,872,133 | |
Leslie's, Inc.(1)(3) | 2,467 | 47,761 | |
Lowe's Cos., Inc. | 6,484 | 1,311,000 | |
O'Reilly Automotive, Inc.(1) | 838 | 573,996 | |
RH (1) | 219 | 71,414 | |
Ross Stores, Inc. | 4,439 | 401,552 | |
TJX Cos., Inc. (The) | 13,744 | 832,612 | |
Tractor Supply Co. | 1,436 | 335,119 | |
Ulta Beauty, Inc.(1) | 620 | 246,896 | |
Victoria's Secret & Co.(1) | 569 | 29,224 | |
Williams-Sonoma, Inc. | 701 | 101,645 | |
$ 9,051,051 | |||
Technology Hardware, Storage & Peripherals — 10.7% | |||
Apple, Inc. | 181,733 | $ 31,732,399 | |
Dell Technologies, Inc., Class C(1) | 930 | 46,677 | |
NetApp, Inc. | 2,605 | 216,215 | |
Pure Storage, Inc., Class A(1) | 3,859 | 136,261 | |
Seagate Technology Holdings PLC | 1,612 | 144,919 | |
Western Digital Corp.(1) | 4,308 | 213,892 | |
$ 32,490,363 |
Security | Shares | Value | |
Textiles, Apparel & Luxury Goods — 1.1% | |||
Capri Holdings, Ltd.(1) | 1,256 | $ 64,546 | |
Columbia Sportswear Co. | 593 | 53,684 | |
Crocs, Inc.(1) | 941 | 71,892 | |
Deckers Outdoor Corp.(1) | 349 | 95,546 | |
Hanesbrands, Inc. | 5,035 | 74,971 | |
Levi Strauss & Co., Class A | 1,562 | 30,865 | |
lululemon Athletica, Inc.(1) | 1,415 | 516,801 | |
NIKE, Inc., Class B | 15,572 | 2,095,368 | |
PVH Corp. | 1,072 | 82,126 | |
Ralph Lauren Corp. | 241 | 27,339 | |
Skechers USA, Inc., Class A(1) | 1,642 | 66,928 | |
Tapestry, Inc. | 1,825 | 67,799 | |
Under Armour, Inc., Class A(1) | 1,854 | 31,555 | |
VF Corp. | 3,541 | 201,341 | |
$ 3,480,761 | |||
Trading Companies & Distributors — 0.4% | |||
Fastenal Co. | 6,743 | $ 400,534 | |
MSC Industrial Direct Co., Inc., Class A | 392 | 33,402 | |
SiteOne Landscape Supply, Inc.(1) | 671 | 108,494 | |
United Rentals, Inc.(1) | 1,127 | 400,322 | |
Univar Solutions, Inc.(1) | 1,340 | 43,068 | |
W.W. Grainger, Inc. | 485 | 250,158 | |
WESCO International, Inc.(1) | 325 | 42,295 | |
$ 1,278,273 | |||
Water Utilities — 0.1% | |||
American Water Works Co., Inc. | 1,353 | $ 223,962 | |
Essential Utilities, Inc. | 892 | 45,608 | |
$ 269,570 | |||
Wireless Telecommunication Services — 0.1% | |||
T-Mobile US, Inc.(1) | 2,917 | $ 374,397 | |
$ 374,397 | |||
Total Common Stocks (identified cost $203,286,176) | $303,867,788 |
Short-Term Investments — 0.1% | |||
Affiliated Fund — 0.0%(2) | |||
Description | Units | Value | |
Calvert Cash Reserves Fund, LLC, 0.14%(4) | 2,542 | $ 2,542 | |
Total Affiliated Fund (identified cost $2,542) | $ 2,542 | ||
Securities Lending Collateral — 0.1% | |||
Security | Shares | Value | |
State Street Navigator Securities Lending Government Money Market Portfolio, 0.29%(5) | 231,259 | $ 231,259 | |
Total Securities Lending Collateral (identified cost $231,259) | $ 231,259 | ||
Total Short-Term Investments (identified cost $233,801) | $ 233,801 | ||
Total Investments — 99.8% (identified cost $203,519,977) | $304,101,589 | ||
Other Assets, Less Liabilities — 0.2% | $ 634,205 | ||
Net Assets — 100.0% | $304,735,794 |
The percentage shown for each investment category in the Schedule of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | Amount is less than 0.05%. |
(3) | All or a portion of this security was on loan at March 31, 2022. The aggregate market value of securities on loan at March 31, 2022 was $1,346,949. |
(4) | Affiliated investment company, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2022. |
(5) | Represents investment of cash collateral received in connection with securities lending. |
March 31, 2022 | |
Assets | |
Investments in securities of unaffiliated issuers, at value (identified cost $203,517,435) - including $1,346,949 of securities on loan | $ 304,099,047 |
Investments in securities of affiliated issuers, at value (identified cost $2,542) | 2,542 |
Receivable for capital shares sold | 1,122,577 |
Dividends receivable | 121,645 |
Dividends receivable - affiliated | 40 |
Securities lending income receivable | 259 |
Receivable from affiliate | 53,122 |
Directors' deferred compensation plan | 51,562 |
Total assets | $305,450,794 |
Liabilities | |
Due to custodian | $ 3,550 |
Payable for capital shares redeemed | 99,913 |
Deposits for securities loaned | 231,259 |
Payable to affiliates: | |
Investment advisory fee | 29,613 |
Administrative fee | 29,613 |
Distribution and service fees | 11,762 |
Sub-transfer agency fee | 3,613 |
Directors' deferred compensation plan | 51,562 |
Accrued expenses | 74,115 |
Demand note payable | 180,000 |
Total liabilities | $ 715,000 |
Net Assets | $304,735,794 |
Sources of Net Assets | |
Paid-in capital | $ 206,280,740 |
Distributable earnings | 98,455,054 |
Net Assets | $304,735,794 |
Class A Shares | |
Net Assets | $ 58,142,758 |
Shares Outstanding | 1,173,711 |
Net Asset Value and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 49.54 |
Maximum Offering Price Per Share (100 ÷ 95.25 of net asset value per share) | $ 52.01 |
Class I Shares | |
Net Assets | $ 246,583,096 |
Shares Outstanding | 4,936,360 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 49.95 |
March 31, 2022 | |
Class R6 Shares | |
Net Assets | $ 9,941 |
Shares Outstanding | 199 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 49.95 |
On sales of $50,000 or more, the offering price of Class A shares is reduced. |
Six Months Ended | |
March 31, 2022 | |
Investment Income | |
Dividend income (net of foreign taxes withheld of $137) | $ 1,109,077 |
Dividend income - affiliated issuers | 338 |
Securities lending income, net | 3,238 |
Total investment income | $1,112,653 |
Expenses | |
Investment advisory fee | $ 173,798 |
Administrative fee | 173,798 |
Distribution and service fees: | |
Class A | 70,206 |
Directors' fees and expenses | 5,747 |
Custodian fees | 1,592 |
Transfer agency fees and expenses | 107,948 |
Accounting fees | 32,702 |
Professional fees | 15,400 |
Registration fees | 35,006 |
Reports to shareholders | 8,064 |
Miscellaneous | 9,482 |
Total expenses | $ 633,743 |
Waiver and/or reimbursement of expenses by affiliate | $ (215,856) |
Net expenses | $ 417,887 |
Net investment income | $ 694,766 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss): | |
Investment securities | $ (568,963) |
Investment securities - affiliated issuers | (142) |
Net realized loss | $ (569,105) |
Change in unrealized appreciation (depreciation): | |
Investment securities | $ 2,868,182 |
Investment securities - affiliated issuers | (56) |
Net change in unrealized appreciation (depreciation) | $2,868,126 |
Net realized and unrealized gain | $2,299,021 |
Net increase in net assets from operations | $2,993,787 |
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, 2021 | |
Increase (Decrease) in Net Assets | ||
From operations: | ||
Net investment income | $ 694,766 | $ 1,051,412 |
Net realized gain (loss) | (569,105) | 4,403,237 |
Net change in unrealized appreciation (depreciation) | 2,868,126 | 39,140,338 |
Net increase in net assets from operations | $ 2,993,787 | $ 44,594,987 |
Distributions to shareholders: | ||
Class A | $ (970,439) | $ (540,452) |
Class I | (4,433,200) | (2,398,807) |
Total distributions to shareholders | $ (5,403,639) | $ (2,939,259) |
Capital share transactions: | ||
Class A | $ 7,702,517 | $ 13,625,518 |
Class I | 38,605,214 | 64,222,299 |
Class R6(1) | 10,000 | — |
Net increase in net assets from capital share transactions | $ 46,317,731 | $ 77,847,817 |
Net increase in net assets | $ 43,907,879 | $119,503,545 |
Net Assets | ||
At beginning of period | $ 260,827,915 | $ 141,324,370 |
At end of period | $304,735,794 | $260,827,915 |
(1) | For the period from the commencement of operations, February 1, 2022, to March 31, 2022. |
Class A | ||||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value — Beginning of period | $ 49.71 | $ 39.77 | $ 29.65 | $ 29.83 | $ 24.35 | $ 20.66 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.07 | $ 0.15 | $ 0.19 | $ 0.20 | $ 0.17 | $ 0.21 |
Net realized and unrealized gain | 0.66 | 10.49 | 10.39 | 0.96 | 5.84 | 3.64 |
Total income from operations | $ 0.73 | $ 10.64 | $ 10.58 | $ 1.16 | $ 6.01 | $ 3.85 |
Less Distributions | ||||||
From net investment income | $ (0.11) | $ (0.15) | $ (0.17) | $ (0.20) | $ (0.19) | $ (0.16) |
From net realized gain | (0.79) | (0.55) | (0.29) | (1.14) | (0.34) | — |
Total distributions | $ (0.90) | $ (0.70) | $ (0.46) | $ (1.34) | $ (0.53) | $ (0.16) |
Net asset value — End of period | $ 49.54 | $ 49.71 | $ 39.77 | $ 29.65 | $ 29.83 | $24.35 |
Total Return(2) | 1.38% (3) | 27.06% | 36.14% | 4.51% | 25.03% | 18.76% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $58,143 | $50,963 | $29,021 | $16,361 | $14,036 | $ 6,214 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 0.64% (5) | 0.66% | 0.67% | 0.77% | 0.82% | 1.53% |
Net expenses | 0.49% (5) | 0.49% | 0.49% | 0.51% | 0.57% | 0.57% |
Net investment income | 0.28% (5) | 0.32% | 0.56% | 0.72% | 0.63% | 0.92% |
Portfolio Turnover | 6% (3) | 25% | 53% | 34% | 54% | 75% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
Class I | ||||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value — Beginning of period | $ 50.15 | $ 40.08 | $ 29.88 | $ 30.02 | $ 24.45 | $ 20.74 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.14 | $ 0.27 | $ 0.27 | $ 0.28 | $ 0.26 | $ 0.28 |
Net realized and unrealized gain | 0.67 | 10.57 | 10.46 | 0.97 | 5.87 | 3.66 |
Total income from operations | $ 0.81 | $ 10.84 | $ 10.73 | $ 1.25 | $ 6.13 | $ 3.94 |
Less Distributions | ||||||
From net investment income | $ (0.22) | $ (0.22) | $ (0.24) | $ (0.25) | $ (0.22) | $ (0.23) |
From net realized gain | (0.79) | (0.55) | (0.29) | (1.14) | (0.34) | — |
Total distributions | $ (1.01) | $ (0.77) | $ (0.53) | $ (1.39) | $ (0.56) | $ (0.23) |
Net asset value — End of period | $ 49.95 | $ 50.15 | $ 40.08 | $ 29.88 | $ 30.02 | $ 24.45 |
Total Return(2) | 1.51% (3) | 27.40% | 36.42% | 4.82% | 25.46% | 19.20% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $246,583 | $209,865 | $112,304 | $74,948 | $60,367 | $40,821 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 0.39% (5) | 0.41% | 0.42% | 0.52% | 0.58% | 0.58% |
Net expenses | 0.24% (5) | 0.24% | 0.24% | 0.24% | 0.22% | 0.22% |
Net investment income | 0.53% (5) | 0.57% | 0.81% | 1.00% | 0.98% | 1.26% |
Portfolio Turnover | 6% (3) | 25% | 53% | 34% | 54% | 75% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
Class R6 | |
Period Ended March 31, 2022(1) (Unaudited) | |
Net asset value — Beginning of period | $ 50.25 |
Income (Loss) From Operations | |
Net investment income(2) | $ 0.06 |
Net realized and unrealized loss | (0.36) (3) |
Total loss from operations | $ (0.30) |
Net asset value — End of period | $49.95 |
Total Return(4) | (0.62)% (5) |
Ratios/Supplemental Data | |
Net assets, end of period (000’s omitted) | $ 10 |
Ratios (as a percentage of average daily net assets):(6) | |
Total expenses | 0.36% (7) |
Net expenses | 0.21% (7) |
Net investment income | 0.75% (7) |
Portfolio Turnover | 6% (5)(8) |
(1) | For the period from the commencement of operations, February 1, 2022, to March 31, 2022. |
(2) | Computed using average shares outstanding. |
(3) | The per share amount is not in accord with the net realized and unrealized gain (loss) for the period because of the timing of sales of Fund shares and the amount of the per share realized and unrealized gains and losses at such time. |
(4) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any.. |
(5) | Not annualized. |
(6) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(7) | Annualized. |
(8) | For the six months ended March 31, 2022. |
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $ 303,867,788(1) | $ — | $ — | $ 303,867,788 |
Short-Term Investments: | ||||
Affiliated Fund | — | 2,542 | — | 2,542 |
Securities Lending Collateral | 231,259 | — | — | 231,259 |
Total Investments | $304,099,047 | $2,542 | $ — | $304,101,589 |
(1) | The level classification by major category of investments is the same as the category presentation in the Schedule of Investments. |
Aggregate cost | $205,459,709 |
Gross unrealized appreciation | $ 104,547,193 |
Gross unrealized depreciation | (5,905,313) |
Net unrealized appreciation | $ 98,641,880 |
Remaining Contractual Maturity of the Transactions | |||||
Overnight and Continuous | <30 days | 30 to 90 days | >90 days | Total | |
Common Stocks | $231,259 | $ — | $ — | $ — | $231,259 |
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Units, end of period |
Short-Term Investments | ||||||||
Calvert Cash Reserves Fund, LLC | $556,919 | $35,587,780 | $(36,141,959) | $(142) | $(56) | $2,542 | $338 | 2,542 |
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, 2021 | ||||
Shares | Amount | Shares | Amount | ||
Class A | |||||
Shares sold | 217,170 | $ 11,148,143 | 459,928 | $ 21,081,845 | |
Reinvestment of distributions | 18,125 | 947,927 | 12,185 | 516,884 | |
Shares redeemed | (86,816) | (4,393,553) | (176,621) | (7,973,211) | |
Net increase | 148,479 | $ 7,702,517 | 295,492 | $ 13,625,518 | |
Class I | |||||
Shares sold | 1,080,952 | $ 55,186,491 | 2,108,850 | $ 97,474,428 | |
Reinvestment of distributions | 83,068 | 4,376,828 | 55,026 | 2,350,142 | |
Shares redeemed | (411,992) | (20,958,105) | (781,346) | (35,602,271) | |
Net increase | 752,028 | $ 38,605,214 | 1,382,530 | $ 64,222,299 | |
Class R6(1) | |||||
Shares sold | 199 | $ 10,000 | — | $ — | |
Net increase | 199 | $ 10,000 | — | $ — |
(1) | For the period from the commencement of operations, February 1, 2022, to March 31, 2022. |
Officers |
Hope L. Brown Chief Compliance Officer |
Deidre E. Walsh Vice President, Secretary and Chief Legal Officer |
James F. Kirchner Treasurer |
Directors |
Alice Gresham Bullock Chairperson |
Richard L. Baird, Jr. |
Cari M. Dominguez |
John G. Guffey, Jr. |
Miles D. Harper, III |
Joy V. Jones |
John H. Streur* |
Anthony A. Williams |
*Interested Director and President |
Privacy Notice | April 2021 |
FACTS | WHAT DOES EATON VANCE DO WITH YOUR PERSONAL INFORMATION? |
Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
What? | The types of personal information we collect and share depend on the product or service you have with us. This information can include:■ Social Security number and income ■ investment experience and risk tolerance ■ checking account number and wire transfer instructions |
How? | All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Eaton Vance chooses to share; and whether you can limit this sharing. |
Reasons we can share your personal information | Does Eaton Vance share? | Can you limit this sharing? |
For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes — to offer our products and services to you | Yes | No |
For joint marketing with other financial companies | No | We don’t share |
For our investment management affiliates’ everyday business purposes — information about your transactions, experiences, and creditworthiness | Yes | Yes |
For our affiliates’ everyday business purposes — information about your transactions and experiences | Yes | No |
For our affiliates’ everyday business purposes — information about your creditworthiness | No | We don’t share |
For our investment management affiliates to market to you | Yes | Yes |
For our affiliates to market to you | No | We don’t share |
For nonaffiliates to market to you | No | We don’t share |
To limit our sharing | Call toll-free 1-800-368-2745 or email: CRMPrivacy@calvert.comPlease note:If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. |
Questions? | Call toll-free 1-800-368-2745 or email: CRMPrivacy@calvert.com |
Privacy Notice — continued | April 2021 |
Who we are | |
Who is providing this notice? | Eaton Vance Management, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Global Advisors Limited, Eaton Vance Management’s Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, Eaton Vance and Calvert Fund Families and our investment advisory affiliates (“Eaton Vance”) (see Investment Management Affiliates definition below) |
What we do | |
How does Eaton Vance protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We have policies governing the proper handling of customer information by personnel and requiring third parties that provide support to adhere to appropriate security standards with respect to such information. |
How does Eaton Vance collect my personal information? | We collect your personal information, for example, when you■ open an account or make deposits or withdrawals from your account ■ buy securities from us or make a wire transfer ■ give us your contact informationWe also collect your personal information from others, such as credit bureaus, affiliates, or other companies. |
Why can’t I limit all sharing? | Federal law gives you the right to limit only■ sharing for affiliates’ everyday business purposes — information about your creditworthiness ■ affiliates from using your information to market to you ■ sharing for nonaffiliates to market to youState laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law. |
Definitions | |
Investment Management Affiliates | Eaton Vance Investment Management Affiliates include registered investment advisers, registered broker- dealers, and registered and unregistered funds. Investment Management Affiliates does not include entities associated with Morgan Stanley Wealth Management, such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Affiliates | Companies related by common ownership or control. They can be financial and nonfinancial companies.■ Our affiliates include companies with a Morgan Stanley name and financial companies such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Nonaffiliates | Companies not related by common ownership or control. They can be financial and nonfinancial companies.■ Eaton Vance does not share with nonaffiliates so they can market to you. |
Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.■ Eaton Vance doesn’t jointly market. |
Other important information | |
Vermont: Except as permitted by law, we will not share personal information we collect about Vermont residents with Nonaffiliates unless you provide us with your written consent to share such information.California: Except as permitted by law, we will not share personal information we collect about California residents with Nonaffiliates and we will limit sharing such personal information with our Affiliates to comply with California privacy laws that apply to us. |
% Average Annual Total Returns1,2 | Class Inception Date | Performance Inception Date | Six Months | One Year | Five Years | Since Inception |
Class A at NAV | 06/19/2015 | 06/19/2015 | 2.89% | 6.67% | 10.46% | 9.62% |
Class A with 4.75% Maximum Sales Charge | — | — | (1.99) | 1.60 | 9.40 | 8.83 |
Class I at NAV | 06/19/2015 | 06/19/2015 | 3.06 | 6.94 | 10.79 | 9.95 |
Class R6 at NAV | 02/01/2022 | 06/19/2015 | 3.06 | 6.94 | 10.79 | 9.95 |
Russell 1000® Value Index | — | — | 6.98% | 11.67% | 10.28% | 9.67% |
Calvert US Large-Cap Value Responsible Index | — | — | 3.28 | 7.39 | 10.99 | 10.24 |
% Total Annual Operating Expense Ratios3 | Class A | Class I | Class R6 |
Gross | 0.61% | 0.36% | 0.31% |
Net | 0.49 | 0.24 | 0.19 |
Top 10 Holdings (% of net assets)* | |
JPMorgan Chase & Co. | 2.8% |
Bank of America Corp. | 2.1 |
Pfizer, Inc. | 2.1 |
Procter & Gamble Co. (The) | 1.8 |
Costco Wholesale Corp. | 1.8 |
Walmart, Inc. | 1.6 |
Verizon Communications, Inc. | 1.6 |
Comcast Corp., Class A | 1.5 |
Intel Corp. | 1.4 |
Wells Fargo & Co. | 1.4 |
Total | 18.1% |
* | Excludes cash and cash equivalents. |
1 | Russell 1000® Value Index is an unmanaged index of U.S. large-cap value stocks. Calvert US Large-Cap Value Responsible Index (the “Calvert Index”) is composed of common stocks of large value companies that operate their businesses in a manner that is consistent with the Calvert Principles for Responsible Investment. Large value companies are selected from the 1,000 largest publicly traded U.S. companies based on market capitalization and value style factors, excluding real estate investment trusts and business development companies. The Calvert Principles of Responsible Investment serve as a framework for considering environmental, social and governance factors that may affect investment performance. Stocks are weighted in the Calvert Index based on their float-adjusted market capitalization within the relevant sector, subject to certain prescribed limits. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
2 | Total Returns at NAV do not include applicable sales charges. If sales charges were deducted, the returns would be lower. Total Returns shown with maximum sales charge reflect the stated maximum sales charge. Unless otherwise stated, performance does not reflect the deduction of taxes on Fund distributions or redemptions of Fund shares.Performance prior to the inception date of a class may be linked to the performance of an older class of the Fund. This linked performance is adjusted for any applicable sales charge, but is not adjusted for class expense differences. If adjusted for such differences, the performance would be different. The performance of Class R6 is linked to Class I. Performance since inception for an index, if presented, is the performance since the Fund's or oldest share class' inception, as applicable. Performance presented in the Financial Highlights included in the financial statements is not linked.Calvert Research and Management became the investment adviser to the Fund on December 31, 2016. Performance reflected prior to such date is that of the Fund’s former investment adviser. |
3 | Source: Fund prospectus. Net expense ratios reflect a contractual expense reimbursement that continues through 1/31/23. The expense ratios for the current reporting period can be found in the Financial Highlights section of this report. Performance reflects expenses waived and/or reimbursed, if applicable. Without such waivers and/or reimbursements, performance would have been lower. |
Beginning Account Value (10/1/21) | Ending Account Value (3/31/22) | Expenses Paid During Period (10/1/21 – 3/31/22) | Annualized Expense Ratio | |
Actual * | ||||
Class A | $1,000.00 | $1,028.90 | $2.48 ** | 0.49% |
Class I | $1,000.00 | $1,030.60 | $1.22 ** | 0.24% |
Class R6 | $1,000.00 | $ 984.50 | $0.30 ** | 0.19% |
Hypothetical *** | ||||
(5% return per year before expenses) | ||||
Class A | $1,000.00 | $1,022.49 | $2.47 ** | 0.49% |
Class I | $1,000.00 | $1,023.73 | $1.21 ** | 0.24% |
Class R6 | $1,000.00 | $1,023.98 | $0.96 ** | 0.19% |
* | Class R6 had not commenced operations on October 1, 2021. Actual expenses are equal to the Fund’s annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period); 59/365 for Class R6 (to reflect the period from the commencement of operations on February 1, 2022 to March 31, 2022). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on September 30, 2021 (February 1, 2022 for Class R6). |
** | Absent a waiver and/or reimbursement of expenses by an affiliate, expenses would be higher. |
*** | Hypothetical expenses are equal to the Fund's annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on September 30, 2021 (February 1, 2022 for Class R6). |
Common Stocks — 99.5% |
Security | Shares | Value | |
Aerospace & Defense — 0.2% | |||
Curtiss-Wright Corp. | 9,269 | $ 1,391,833 | |
Hexcel Corp. | 12,489 | 742,721 | |
Woodward, Inc. | 8,315 | 1,038,626 | |
$ 3,173,180 | |||
Air Freight & Logistics — 1.2% | |||
C.H. Robinson Worldwide, Inc. | 25,633 | $ 2,760,931 | |
FedEx Corp. | 37,844 | 8,756,723 | |
United Parcel Service, Inc., Class B | 51,248 | 10,990,646 | |
$ 22,508,300 | |||
Airlines — 0.1% | |||
American Airlines Group, Inc.(1) | 17,118 | $ 312,403 | |
Delta Air Lines, Inc.(1) | 244 | 9,655 | |
JetBlue Airways Corp.(1) | 10,627 | 158,874 | |
Southwest Airlines Co.(1) | 45,327 | 2,075,977 | |
$ 2,556,909 | |||
Auto Components — 0.3% | |||
Autoliv, Inc. | 10,933 | $ 835,718 | |
BorgWarner, Inc. | 48,692 | 1,894,119 | |
Gentex Corp. | 14,204 | 414,331 | |
Lear Corp. | 9,902 | 1,411,926 | |
$ 4,556,094 | |||
Automobiles — 1.2% | |||
Ford Motor Co. | 630,308 | $ 10,658,508 | |
General Motors Co.(1) | 225,435 | 9,860,527 | |
Harley-Davidson, Inc. | 17,853 | 703,408 | |
Thor Industries, Inc.(2) | 10,764 | 847,127 | |
$ 22,069,570 | |||
Banks — 13.1% | |||
Bank of America Corp. | 936,538 | $ 38,604,096 | |
Bank OZK | 25,444 | 1,086,459 | |
BOK Financial Corp. | 5,756 | 540,776 | |
Citigroup, Inc. | 287,567 | 15,356,078 | |
Citizens Financial Group, Inc. | 91,273 | 4,137,405 | |
Comerica, Inc. | 28,745 | 2,599,410 | |
Commerce Bancshares, Inc. | 24,763 | 1,772,783 | |
Cullen/Frost Bankers, Inc. | 12,357 | 1,710,332 | |
East West Bancorp, Inc. | 30,942 | 2,445,037 | |
Fifth Third Bancorp | 138,797 | 5,973,823 | |
First Citizens Bancshares, Inc., Class A | 2,489 | 1,656,678 |
Security | Shares | Value | |
Banks (continued) | |||
First Financial Bankshares, Inc. | 16,006 | $ 706,185 | |
First Horizon Corp. | 111,285 | 2,614,085 | |
First Republic Bank | 23,009 | 3,729,759 | |
Glacier Bancorp, Inc. | 23,410 | 1,177,055 | |
Huntington Bancshares, Inc. | 309,431 | 4,523,881 | |
JPMorgan Chase & Co. | 374,066 | 50,992,677 | |
KeyCorp | 200,472 | 4,486,563 | |
M&T Bank Corp. | 27,862 | 4,722,609 | |
PacWest Bancorp | 26,540 | 1,144,670 | |
People's United Financial, Inc. | 93,755 | 1,874,163 | |
Pinnacle Financial Partners, Inc. | 15,912 | 1,465,177 | |
PNC Financial Services Group, Inc. (The) | 64,034 | 11,811,071 | |
Popular, Inc. | 16,040 | 1,311,110 | |
Prosperity Bancshares, Inc. | 19,711 | 1,367,549 | |
Regions Financial Corp. | 203,238 | 4,524,078 | |
Signature Bank | 10,882 | 3,193,758 | |
SouthState Corp. | 13,808 | 1,126,595 | |
SVB Financial Group(1) | 3,094 | 1,730,938 | |
Synovus Financial Corp. | 32,037 | 1,569,813 | |
Truist Financial Corp. | 203,082 | 11,514,749 | |
U.S. Bancorp | 226,467 | 12,036,721 | |
UMB Financial Corp. | 8,936 | 868,222 | |
United Bankshares, Inc. | 27,920 | 973,850 | |
Valley National Bancorp | 83,344 | 1,085,139 | |
Webster Financial Corp. | 38,734 | 2,173,752 | |
Wells Fargo & Co. | 514,626 | 24,938,776 | |
Western Alliance Bancorp | 16,667 | 1,380,361 | |
Wintrust Financial Corp. | 11,381 | 1,057,636 | |
Zions Bancorp NA | 31,842 | 2,087,562 | |
$ 238,071,381 | |||
Beverages — 2.2% | |||
Coca-Cola Co. (The) | 201,221 | $ 12,475,702 | |
Keurig Dr Pepper, Inc. | 163,529 | 6,197,749 | |
PepsiCo, Inc. | 125,924 | 21,077,159 | |
$ 39,750,610 | |||
Biotechnology — 1.0% | |||
Allakos, Inc.(1) | 8,872 | $ 50,570 | |
Amgen, Inc. | 28,450 | 6,879,779 | |
Biogen, Inc.(1) | 18,088 | 3,809,333 | |
Biohaven Pharmaceutical Holding Co., Ltd.(1) | 15,941 | 1,890,124 | |
BioMarin Pharmaceutical, Inc.(1) | 21,745 | 1,676,540 | |
Bridgebio Pharma, Inc.(1)(2) | 22,401 | 227,370 | |
Incyte Corp.(1) | 12,569 | 998,230 | |
Mirati Therapeutics, Inc.(1) | 11,629 | 956,136 |
Security | Shares | Value | |
Biotechnology (continued) | |||
Natera, Inc.(1) | 20,798 | $ 846,063 | |
United Therapeutics Corp.(1) | 7,135 | 1,280,090 | |
Vir Biotechnology, Inc.(1) | 17,673 | 454,550 | |
$ 19,068,785 | |||
Building Products — 1.5% | |||
Allegion PLC | 2,872 | $ 315,288 | |
Armstrong World Industries, Inc. | 6,571 | 591,456 | |
AZEK Co., Inc. (The)(1) | 15,140 | 376,078 | |
Carlisle Cos., Inc. | 9,233 | 2,270,579 | |
Carrier Global Corp. | 127,201 | 5,834,710 | |
Fortune Brands Home & Security, Inc. | 12,045 | 894,703 | |
Johnson Controls International PLC | 109,643 | 7,189,291 | |
Masco Corp. | 7,643 | 389,793 | |
Owens Corning | 36,847 | 3,371,500 | |
Trane Technologies PLC | 33,841 | 5,167,521 | |
UFP Industries, Inc. | 10,206 | 787,495 | |
Zurn Water Solutions Corp. | 23,191 | 820,961 | |
$ 28,009,375 | |||
Capital Markets — 6.6% | |||
Affiliated Managers Group, Inc. | 5,698 | $ 803,133 | |
Ameriprise Financial, Inc. | 3,254 | 977,371 | |
Ares Management Corp., Class A | 25,815 | 2,096,952 | |
Bank of New York Mellon Corp. (The) | 150,530 | 7,470,804 | |
BlackRock, Inc. | 15,373 | 11,747,585 | |
Blackstone, Inc. | 89,461 | 11,356,179 | |
Cboe Global Markets, Inc. | 13,061 | 1,494,440 | |
Charles Schwab Corp. (The) | 144,278 | 12,164,078 | |
CME Group, Inc. | 48,227 | 11,471,274 | |
Evercore, Inc., Class A | 4,216 | 469,325 | |
Franklin Resources, Inc. | 57,905 | 1,616,708 | |
Goldman Sachs Group, Inc. (The) | 47,327 | 15,622,643 | |
Hamilton Lane, Inc., Class A | 1,827 | 141,209 | |
Houlihan Lokey, Inc. | 6,106 | 536,107 | |
Interactive Brokers Group, Inc., Class A | 19,048 | 1,255,454 | |
Intercontinental Exchange, Inc. | 56,345 | 7,444,301 | |
Invesco, Ltd. | 74,755 | 1,723,850 | |
Jefferies Financial Group, Inc. | 50,566 | 1,661,093 | |
KKR & Co., Inc. | 103,091 | 6,027,731 | |
Lazard, Ltd., Class A | 25,474 | 878,853 | |
LPL Financial Holdings, Inc. | 1,848 | 337,593 | |
Nasdaq, Inc. | 12,261 | 2,184,910 | |
Northern Trust Corp. | 44,231 | 5,150,700 | |
Raymond James Financial, Inc. | 40,220 | 4,420,580 | |
SEI Investments Co. | 1,710 | 102,959 |
Security | Shares | Value | |
Capital Markets (continued) | |||
State Street Corp. | 76,391 | $ 6,655,184 | |
Stifel Financial Corp. | 23,164 | 1,572,836 | |
T. Rowe Price Group, Inc. | 9,045 | 1,367,514 | |
Virtu Financial, Inc., Class A | 24,530 | 913,007 | |
$ 119,664,373 | |||
Chemicals — 2.0% | |||
Air Products & Chemicals, Inc. | 25,948 | $ 6,484,665 | |
Ashland Global Holdings, Inc. | 16,980 | 1,671,002 | |
Avient Corp. | 29,859 | 1,433,232 | |
Celanese Corp. | 32,641 | 4,663,420 | |
Eastman Chemical Co. | 34,400 | 3,854,864 | |
Huntsman Corp. | 62,868 | 2,358,179 | |
International Flavors & Fragrances, Inc. | 38,192 | 5,015,755 | |
Mosaic Co. (The) | 95,447 | 6,347,225 | |
PPG Industries, Inc. | 33,397 | 4,377,345 | |
Sherwin-Williams Co. (The) | 3,799 | 948,306 | |
$ 37,153,993 | |||
Commercial Services & Supplies — 1.0% | |||
Cintas Corp. | 3,640 | $ 1,548,420 | |
Clean Harbors, Inc.(1) | 13,304 | 1,485,259 | |
MSA Safety, Inc. | 257 | 34,104 | |
Republic Services, Inc. | 41,263 | 5,467,347 | |
Stericycle, Inc.(1) | 27,222 | 1,603,920 | |
Tetra Tech, Inc. | 9,483 | 1,564,126 | |
Waste Management, Inc. | 43,218 | 6,850,053 | |
$ 18,553,229 | |||
Communications Equipment — 1.4% | |||
Ciena Corp.(1) | 19,581 | $ 1,187,196 | |
Cisco Systems, Inc. | 374,858 | 20,902,082 | |
Juniper Networks, Inc. | 52,585 | 1,954,059 | |
Lumentum Holdings, Inc.(1) | 10,624 | 1,036,902 | |
Motorola Solutions, Inc. | 449 | 108,748 | |
$ 25,188,987 | |||
Construction & Engineering — 0.6% | |||
AECOM | 47,635 | $ 3,658,844 | |
EMCOR Group, Inc. | 9,486 | 1,068,408 | |
MasTec, Inc.(1) | 16,069 | 1,399,610 | |
Quanta Services, Inc. | 36,037 | 4,742,830 | |
Valmont Industries, Inc. | 3,824 | 912,406 | |
$ 11,782,098 |
Security | Shares | Value | |
Construction Materials — 0.5% | |||
Martin Marietta Materials, Inc. | 11,215 | $ 4,316,541 | |
Vulcan Materials Co. | 23,365 | 4,292,151 | |
$ 8,608,692 | |||
Consumer Finance — 2.1% | |||
Ally Financial, Inc. | 73,632 | $ 3,201,519 | |
American Express Co. | 66,299 | 12,397,913 | |
Capital One Financial Corp. | 66,913 | 8,785,008 | |
Credit Acceptance Corp.(1) | 1,488 | 818,950 | |
Discover Financial Services | 58,540 | 6,450,523 | |
OneMain Holdings, Inc. | 27,963 | 1,325,726 | |
SLM Corp. | 58,426 | 1,072,701 | |
Synchrony Financial | 111,623 | 3,885,597 | |
$ 37,937,937 | |||
Containers & Packaging — 1.4% | |||
AptarGroup, Inc. | 11,457 | $ 1,346,198 | |
Avery Dennison Corp. | 8,516 | 1,481,529 | |
Ball Corp. | 36,125 | 3,251,250 | |
Berry Global Group, Inc.(1) | 43,892 | 2,543,980 | |
Crown Holdings, Inc. | 29,518 | 3,692,407 | |
Graphic Packaging Holding Co. | 99,355 | 1,991,074 | |
Packaging Corp. of America | 26,027 | 4,063,075 | |
Silgan Holdings, Inc. | 24,419 | 1,128,890 | |
Sonoco Products Co. | 31,263 | 1,955,813 | |
WestRock Co. | 73,348 | 3,449,556 | |
$ 24,903,772 | |||
Distributors — 0.2% | |||
Genuine Parts Co. | 8,753 | $ 1,103,053 | |
LKQ Corp. | 47,340 | 2,149,709 | |
$ 3,252,762 | |||
Diversified Consumer Services — 0.2% | |||
ADT, Inc. | 13,654 | $ 103,634 | |
Service Corp. International | 34,373 | 2,262,431 | |
Terminix Global Holdings, Inc.(1) | 9,008 | 411,035 | |
$ 2,777,100 | |||
Diversified Financial Services — 0.1% | |||
Voya Financial, Inc. | 23,230 | $ 1,541,310 | |
$ 1,541,310 | |||
Diversified Telecommunication Services — 3.0% | |||
AT&T, Inc. | 983,385 | $ 23,237,388 | |
Iridium Communications, Inc.(1) | 3,540 | 142,733 |
Security | Shares | Value | |
Diversified Telecommunication Services (continued) | |||
Lumen Technologies, Inc. | 192,770 | $ 2,172,518 | |
Verizon Communications, Inc. | 561,461 | 28,600,823 | |
$ 54,153,462 | |||
Electric Utilities — 2.3% | |||
Alliant Energy Corp. | 78,714 | $ 4,918,051 | |
Avangrid, Inc. | 23,017 | 1,075,815 | |
Eversource Energy | 74,389 | 6,560,366 | |
Hawaiian Electric Industries, Inc. | 35,686 | 1,509,875 | |
NextEra Energy, Inc. | 226,936 | 19,223,748 | |
Xcel Energy, Inc. | 107,709 | 7,773,358 | |
$ 41,061,213 | |||
Electrical Equipment — 1.6% | |||
Acuity Brands, Inc. | 7,071 | $ 1,338,540 | |
AMETEK, Inc. | 15,446 | 2,057,098 | |
Eaton Corp. PLC | 50,434 | 7,653,864 | |
Emerson Electric Co. | 76,189 | 7,470,331 | |
Hubbell, Inc. | 12,082 | 2,220,309 | |
Regal Rexnord Corp. | 20,828 | 3,098,790 | |
Rockwell Automation, Inc. | 16,459 | 4,609,014 | |
Sensata Technologies Holding PLC(1) | 3,869 | 196,739 | |
Sunrun, Inc.(1) | 35,418 | 1,075,645 | |
$ 29,720,330 | |||
Electronic Equipment, Instruments & Components — 0.8% | |||
Amphenol Corp., Class A | 23,940 | $ 1,803,879 | |
Arrow Electronics, Inc.(1) | 11,395 | 1,351,789 | |
Coherent, Inc.(1) | 5,055 | 1,381,835 | |
Corning, Inc. | 106,469 | 3,929,771 | |
II-VI, Inc.(1)(2) | 18,040 | 1,307,720 | |
IPG Photonics Corp.(1) | 386 | 42,367 | |
Jabil, Inc. | 27,062 | 1,670,537 | |
Littelfuse, Inc. | 3,250 | 810,583 | |
TD SYNNEX Corp. | 7,349 | 758,490 | |
Teledyne Technologies, Inc.(1) | 2,199 | 1,039,313 | |
$ 14,096,284 | |||
Energy Equipment & Services — 0.4% | |||
Baker Hughes Co. | 201,077 | $ 7,321,214 | |
$ 7,321,214 | |||
Entertainment — 0.7% | |||
AMC Entertainment Holdings, Inc., Class A(1)(2) | 104,375 | $ 2,571,800 | |
Live Nation Entertainment, Inc.(1) | 10,887 | 1,280,747 | |
Walt Disney Co. (The)(1) | 58,846 | 8,071,317 |
Security | Shares | Value | |
Entertainment (continued) | |||
Warner Music Group Corp., Class A | 1,485 | $ 56,207 | |
$ 11,980,071 | |||
Food & Staples Retailing — 4.7% | |||
Albertsons Cos., Inc., Class A | 26,622 | $ 885,181 | |
BJ's Wholesale Club Holdings, Inc.(1) | 23,552 | 1,592,351 | |
Casey's General Stores, Inc. | 9,644 | 1,911,151 | |
Costco Wholesale Corp. | 55,955 | 32,221,687 | |
Kroger Co. (The) | 145,354 | 8,338,959 | |
Performance Food Group Co.(1) | 39,332 | 2,002,392 | |
Sysco Corp. | 87,141 | 7,115,063 | |
US Foods Holding Corp.(1) | 55,493 | 2,088,202 | |
Walmart, Inc. | 197,036 | 29,342,601 | |
$ 85,497,587 | |||
Food Products — 3.1% | |||
Beyond Meat, Inc.(1)(2) | 13,141 | $ 634,842 | |
Bunge, Ltd. | 38,393 | 4,254,328 | |
Campbell Soup Co. | 56,105 | 2,500,600 | |
Conagra Brands, Inc. | 130,673 | 4,386,693 | |
Darling Ingredients, Inc.(1) | 13,022 | 1,046,708 | |
Flowers Foods, Inc. | 49,392 | 1,269,868 | |
General Mills, Inc. | 112,418 | 7,612,947 | |
Hershey Co. (The) | 13,002 | 2,816,623 | |
Hormel Foods Corp. | 60,792 | 3,133,220 | |
JM Smucker Co. (The) | 28,806 | 3,900,620 | |
Kellogg Co. | 68,736 | 4,432,785 | |
Kraft Heinz Co. (The) | 71,167 | 2,803,268 | |
Lancaster Colony Corp. | 1,144 | 170,628 | |
McCormick & Co., Inc. | 42,712 | 4,262,658 | |
Mondelez International, Inc., Class A | 198,340 | 12,451,785 | |
Post Holdings, Inc.(1) | 13,850 | 959,251 | |
$ 56,636,824 | |||
Health Care Equipment & Supplies — 1.9% | |||
Baxter International, Inc. | 33,926 | $ 2,630,622 | |
Becton, Dickinson and Co. | 23,942 | 6,368,572 | |
Cooper Cos., Inc. (The) | 12,408 | 5,181,457 | |
Hologic, Inc.(1) | 49,195 | 3,779,160 | |
Integra LifeSciences Holdings Corp.(1) | 5,114 | 328,626 | |
Medtronic PLC | 103,382 | 11,470,233 | |
Nevro Corp.(1) | 7,476 | 540,739 | |
STERIS PLC | 5,026 | 1,215,136 | |
Tandem Diabetes Care, Inc.(1) | 15,237 | 1,771,911 | |
Zimmer Biomet Holdings, Inc. | 12,105 | 1,548,229 |
Security | Shares | Value | |
Health Care Equipment & Supplies (continued) | |||
Zimvie, Inc. | 1,210 | $ 27,636 | |
$ 34,862,321 | |||
Health Care Providers & Services — 4.1% | |||
1Life Healthcare, Inc.(1) | 39,336 | $ 435,843 | |
Anthem, Inc. | 34,912 | 17,149,473 | |
Centene Corp.(1) | 101,502 | 8,545,453 | |
CVS Health Corp. | 183,780 | 18,600,374 | |
DaVita, Inc.(1) | 9,888 | 1,118,432 | |
Encompass Health Corp. | 18,802 | 1,337,010 | |
Henry Schein, Inc.(1) | 35,224 | 3,071,181 | |
Humana, Inc. | 21,396 | 9,310,897 | |
Laboratory Corp. of America Holdings(1) | 21,415 | 5,646,279 | |
LHC Group, Inc.(1) | 1,460 | 246,156 | |
Molina Healthcare, Inc.(1) | 14,343 | 4,784,681 | |
Quest Diagnostics, Inc. | 31,439 | 4,302,741 | |
Select Medical Holdings Corp. | 28,007 | 671,888 | |
$ 75,220,408 | |||
Health Care Technology — 0.1% | |||
Cerner Corp. | 16,261 | $ 1,521,379 | |
Change Healthcare, Inc.(1) | 35,906 | 782,751 | |
GoodRx Holdings, Inc., Class A(1) | 13,361 | 258,268 | |
$ 2,562,398 | |||
Hotels, Restaurants & Leisure — 1.0% | |||
Aramark | 48,426 | $ 1,820,818 | |
Darden Restaurants, Inc. | 6,908 | 918,419 | |
Expedia Group, Inc.(1) | 12,876 | 2,519,447 | |
Hilton Worldwide Holdings, Inc.(1) | 25,489 | 3,867,701 | |
Hyatt Hotels Corp., Class A(1) | 185 | 17,658 | |
Marriott International, Inc., Class A(1) | 28,895 | 5,078,296 | |
Marriott Vacations Worldwide Corp. | 5,055 | 797,173 | |
Royal Caribbean Cruises, Ltd.(1) | 9,699 | 812,582 | |
Travel + Leisure Co. | 15,601 | 903,922 | |
Vail Resorts, Inc. | 2,479 | 645,209 | |
Wendy's Co. (The) | 12,305 | 270,341 | |
Wyndham Hotels & Resorts, Inc. | 2,575 | 218,077 | |
Yum! Brands, Inc. | 2,047 | 242,631 | |
$ 18,112,274 | |||
Household Durables — 1.1% | |||
D.R. Horton, Inc. | 64,301 | $ 4,791,068 | |
Leggett & Platt, Inc. | 24,531 | 853,679 | |
Lennar Corp., Class A | 62,569 | 5,078,726 | |
Mohawk Industries, Inc.(1) | 9,888 | 1,228,090 |
Security | Shares | Value | |
Household Durables (continued) | |||
Newell Brands, Inc. | 67,764 | $ 1,450,827 | |
PulteGroup, Inc. | 85,052 | 3,563,679 | |
Toll Brothers, Inc. | 36,525 | 1,717,405 | |
TopBuild Corp.(1) | 1,173 | 212,770 | |
Whirlpool Corp. | 9,700 | 1,675,966 | |
$ 20,572,210 | |||
Household Products — 2.4% | |||
Church & Dwight Co., Inc. | 13,421 | $ 1,333,779 | |
Clorox Co. (The) | 7,795 | 1,083,739 | |
Colgate-Palmolive Co. | 38,182 | 2,895,341 | |
Kimberly-Clark Corp. | 47,142 | 5,806,009 | |
Procter & Gamble Co. (The) | 212,666 | 32,495,365 | |
Reynolds Consumer Products, Inc. | 7,796 | 228,734 | |
$ 43,842,967 | |||
Independent Power and Renewable Electricity Producers — 0.4% | |||
AES Corp. (The) | 160,110 | $ 4,119,630 | |
Brookfield Renewable Corp., Class A | 39,893 | 1,747,313 | |
Clearway Energy, Inc., Class C | 24,809 | 905,777 | |
$ 6,772,720 | |||
Industrial Conglomerates — 0.7% | |||
3M Co. | 73,812 | $ 10,989,130 | |
Roper Technologies, Inc. | 2,981 | 1,407,718 | |
$ 12,396,848 | |||
Insurance — 5.9% | |||
Aflac, Inc. | 115,509 | $ 7,437,625 | |
Alleghany Corp.(1) | 2,724 | 2,307,228 | |
Allstate Corp. (The) | 55,633 | 7,705,727 | |
American Financial Group, Inc. | 14,926 | 2,173,524 | |
American International Group, Inc. | 136,671 | 8,578,839 | |
Arch Capital Group, Ltd.(1) | 77,053 | 3,730,906 | |
Assurant, Inc. | 11,912 | 2,165,959 | |
Brown & Brown, Inc. | 21,566 | 1,558,575 | |
Enstar Group, Ltd.(1) | 2,713 | 708,500 | |
Erie Indemnity Co., Class A | 1,240 | 218,401 | |
Everest Re Group, Ltd. | 8,503 | 2,562,634 | |
First American Financial Corp. | 22,079 | 1,431,161 | |
Globe Life, Inc. | 20,377 | 2,049,926 | |
Hanover Insurance Group, Inc. (The) | 7,733 | 1,156,238 | |
Hartford Financial Services Group, Inc. (The) | 71,742 | 5,151,793 | |
Kemper Corp. | 14,106 | 797,553 | |
Lincoln National Corp. | 34,472 | 2,253,090 | |
Marsh & McLennan Cos., Inc. | 40,029 | 6,821,742 |
Security | Shares | Value | |
Insurance (continued) | |||
MetLife, Inc. | 97,003 | $ 6,817,371 | |
Primerica, Inc. | 6,807 | 931,334 | |
Principal Financial Group, Inc. | 54,594 | 4,007,746 | |
Progressive Corp. (The) | 95,670 | 10,905,423 | |
Prudential Financial, Inc. | 69,366 | 8,196,980 | |
Reinsurance Group of America, Inc. | 14,196 | 1,553,894 | |
RenaissanceRe Holdings, Ltd. | 9,046 | 1,433,881 | |
RLI Corp. | 7,232 | 800,076 | |
Travelers Cos., Inc. (The) | 44,668 | 8,162,184 | |
Unum Group | 45,703 | 1,440,102 | |
Willis Towers Watson PLC | 18,379 | 4,341,487 | |
$ 107,399,899 | |||
Interactive Media & Services — 0.3% | |||
Angi, Inc.(1) | 645 | $ 3,657 | |
IAC/InterActiveCorp. (1) | 15,699 | 1,574,296 | |
Pinterest, Inc., Class A(1) | 107,614 | 2,648,381 | |
Snap, Inc., Class A(1) | 18,140 | 652,859 | |
TripAdvisor, Inc.(1) | 11,036 | 299,296 | |
Ziff Davis, Inc.(1) | 1,576 | 152,525 | |
$ 5,331,014 | |||
Internet & Direct Marketing Retail — 0.1% | |||
eBay, Inc. | 15,852 | $ 907,685 | |
Qurate Retail, Inc., Series A | 51,531 | 245,288 | |
Stitch Fix, Inc., Class A(1) | 110 | 1,108 | |
$ 1,154,081 | |||
IT Services — 3.1% | |||
Accenture PLC, Class A | 14,122 | $ 4,762,362 | |
Alliance Data Systems Corp. | 8,876 | 498,387 | |
Amdocs, Ltd. | 24,261 | 1,994,497 | |
Automatic Data Processing, Inc. | 37,746 | 8,588,725 | |
Broadridge Financial Solutions, Inc. | 4,475 | 696,802 | |
Cognizant Technology Solutions Corp., Class A | 64,928 | 5,822,094 | |
DXC Technology Co.(1) | 46,053 | 1,502,709 | |
Euronet Worldwide, Inc.(1) | 77 | 10,022 | |
Fastly, Inc., Class A(1) | 22,246 | 386,635 | |
Fidelity National Information Services, Inc. | 94,268 | 9,466,393 | |
Genpact, Ltd. | 13,986 | 608,531 | |
International Business Machines Corp. | 130,104 | 16,916,122 | |
Jack Henry & Associates, Inc. | 1,295 | 255,180 | |
Kyndryl Holdings, Inc.(1) | 38,036 | 499,032 | |
MAXIMUS, Inc. | 8,963 | 671,777 | |
Paychex, Inc. | 25,772 | 3,517,105 | |
Switch, Inc., Class A | 33,188 | 1,022,854 |
Security | Shares | Value | |
IT Services (continued) | |||
TTEC Holdings, Inc. | 200 | $ 16,504 | |
$ 57,235,731 | |||
Leisure Products — 0.2% | |||
Brunswick Corp. | 17,360 | $ 1,404,250 | |
Callaway Golf Co.(1) | 17,042 | 399,124 | |
Hasbro, Inc. | 20,462 | 1,676,247 | |
Mattel, Inc.(1) | 31,727 | 704,657 | |
$ 4,184,278 | |||
Life Sciences Tools & Services — 0.5% | |||
Adaptive Biotechnologies Corp.(1) | 27,950 | $ 387,946 | |
Bio-Rad Laboratories, Inc., Class A(1) | 5,299 | 2,984,556 | |
Danaher Corp. | 15,943 | 4,676,560 | |
Syneos Health, Inc.(1) | 5,191 | 420,211 | |
$ 8,469,273 | |||
Machinery — 5.0% | |||
AGCO Corp. | 19,064 | $ 2,783,916 | |
Caterpillar, Inc. | 46,967 | 10,465,187 | |
Chart Industries, Inc.(1)(2) | 4,227 | 726,072 | |
CNH Industrial NV | 265,633 | 4,212,939 | |
Crane Co. | 15,101 | 1,635,136 | |
Cummins, Inc. | 26,790 | 5,494,897 | |
Deere & Co. | 23,892 | 9,926,170 | |
Donaldson Co., Inc. | 15,552 | 807,615 | |
Dover Corp. | 28,080 | 4,405,752 | |
Flowserve Corp. | 37,508 | 1,346,537 | |
Fortive Corp. | 84,478 | 5,147,245 | |
IDEX Corp. | 5,178 | 992,778 | |
Illinois Tool Works, Inc. | 24,053 | 5,036,698 | |
Ingersoll Rand, Inc. | 57,347 | 2,887,421 | |
John Bean Technologies Corp. | 1,870 | 221,539 | |
Lincoln Electric Holdings, Inc. | 5,909 | 814,319 | |
Middleby Corp. (The)(1) | 1,490 | 244,271 | |
Nordson Corp. | 3,548 | 805,680 | |
Oshkosh Corp. | 19,984 | 2,011,390 | |
Otis Worldwide Corp. | 24,023 | 1,848,570 | |
PACCAR, Inc. | 70,423 | 6,202,154 | |
Parker-Hannifin Corp. | 18,798 | 5,334,120 | |
Pentair PLC | 40,269 | 2,182,983 | |
RBC Bearings, Inc.(1) | 2,478 | 480,435 | |
Snap-on, Inc. | 7,690 | 1,580,141 | |
Stanley Black & Decker, Inc. | 34,850 | 4,871,682 | |
Timken Co. (The) | 18,727 | 1,136,729 | |
Toro Co. (The) | 1,805 | 154,309 |
Security | Shares | Value | |
Machinery (continued) | |||
Watts Water Technologies, Inc., Class A | 4,099 | $ 572,179 | |
Westinghouse Air Brake Technologies Corp. | 50,178 | 4,825,618 | |
Xylem, Inc. | 12,483 | 1,064,301 | |
$ 90,218,783 | |||
Media — 2.4% | |||
Altice USA, Inc., Class A(1) | 9,123 | $ 113,855 | |
Cable One, Inc. | 135 | 197,672 | |
Charter Communications, Inc., Class A(1) | 6,709 | 3,659,894 | |
Comcast Corp., Class A | 591,039 | 27,672,446 | |
Discovery, Inc., Class A(1) | 34,817 | 867,639 | |
Interpublic Group of Cos., Inc. (The) | 79,651 | 2,823,628 | |
Loyalty Ventures, Inc.(1) | 3,732 | 61,690 | |
Omnicom Group, Inc. | 46,434 | 3,941,318 | |
Paramount Global, Class B | 131,649 | 4,977,649 | |
$ 44,315,791 | |||
Metals & Mining — 0.9% | |||
Nucor Corp. | 53,011 | $ 7,880,085 | |
Reliance Steel & Aluminum Co. | 21,399 | 3,923,507 | |
Steel Dynamics, Inc. | 60,443 | 5,042,759 | |
$ 16,846,351 | |||
Multiline Retail — 1.1% | |||
Dollar General Corp. | 22,636 | $ 5,039,453 | |
Kohl's Corp. | 25,023 | 1,512,890 | |
Macy's, Inc. | 50,611 | 1,232,884 | |
Nordstrom, Inc. | 14,261 | 386,616 | |
Ollie's Bargain Outlet Holdings, Inc.(1) | 1,025 | 44,034 | |
Target Corp. | 57,555 | 12,214,322 | |
$ 20,430,199 | |||
Multi-Utilities — 1.5% | |||
Ameren Corp. | 62,096 | $ 5,822,121 | |
CMS Energy Corp. | 76,660 | 5,361,600 | |
Consolidated Edison, Inc. | 73,942 | 7,000,829 | |
Sempra Energy | 56,692 | 9,531,059 | |
$ 27,715,609 | |||
Oil, Gas & Consumable Fuels — 0.0%(3) | |||
New Fortress Energy, Inc.(2) | 16,563 | $ 705,749 | |
$ 705,749 | |||
Paper & Forest Products — 0.0%(3) | |||
Louisiana-Pacific Corp. | 8,076 | $ 501,681 | |
$ 501,681 |
Security | Shares | Value | |
Personal Products — 0.0%(3) | |||
BellRing Brands, Inc.(1) | 17,558 | $ 405,239 | |
Coty, Inc., Class A(1) | 35,111 | 315,648 | |
$ 720,887 | |||
Pharmaceuticals — 2.9% | |||
Bristol-Myers Squibb Co. | 23,377 | $ 1,707,222 | |
Catalent, Inc.(1) | 2,853 | 316,398 | |
Elanco Animal Health, Inc.(1) | 47,210 | 1,231,709 | |
Jazz Pharmaceuticals PLC(1) | 5,469 | 851,359 | |
Merck & Co., Inc. | 76,137 | 6,247,041 | |
Organon & Co. | 9,531 | 332,918 | |
Perrigo Co. PLC | 35,475 | 1,363,304 | |
Pfizer, Inc. | 741,266 | 38,375,341 | |
Reata Pharmaceuticals, Inc., Class A(1) | 7,280 | 238,493 | |
Royalty Pharma PLC, Class A | 64,752 | 2,522,738 | |
$ 53,186,523 | |||
Professional Services — 0.4% | |||
ASGN, Inc.(1) | 5,666 | $ 661,279 | |
Booz Allen Hamilton Holding Corp. | 19,167 | 1,683,629 | |
Dun & Bradstreet Holdings, Inc.(1) | 50 | 876 | |
FTI Consulting, Inc.(1)(2) | 4,406 | 692,711 | |
ManpowerGroup, Inc. | 11,970 | 1,124,223 | |
Robert Half International, Inc. | 8,347 | 953,061 | |
Science Applications International Corp. | 10,749 | 990,735 | |
TriNet Group, Inc.(1) | 5,550 | 545,898 | |
Upwork, Inc.(1) | 8,943 | 207,835 | |
$ 6,860,247 | |||
Real Estate Management & Development — 0.5% | |||
CBRE Group, Inc., Class A(1) | 37,018 | $ 3,387,887 | |
Howard Hughes Corp. (The)(1) | 13,383 | 1,386,613 | |
Jones Lang LaSalle, Inc.(1) | 16,928 | 4,053,579 | |
$ 8,828,079 | |||
Road & Rail — 1.3% | |||
J.B. Hunt Transport Services, Inc. | 4,423 | $ 888,094 | |
Knight-Swift Transportation Holdings, Inc. | 28,376 | 1,431,853 | |
Landstar System, Inc. | 726 | 109,503 | |
Norfolk Southern Corp. | 28,525 | 8,135,900 | |
Union Pacific Corp. | 48,909 | 13,362,428 | |
$ 23,927,778 | |||
Semiconductors & Semiconductor Equipment — 2.8% | |||
Amkor Technology, Inc. | 23,110 | $ 501,949 | |
Analog Devices, Inc. | 43,258 | 7,145,356 |
Security | Shares | Value | |
Semiconductors & Semiconductor Equipment (continued) | |||
Broadcom, Inc. | 12,091 | $ 7,613,461 | |
First Solar, Inc.(1) | 34,891 | 2,921,772 | |
Intel Corp. | 517,649 | 25,654,684 | |
Marvell Technology, Inc. | 52,097 | 3,735,876 | |
MKS Instruments, Inc. | 4,539 | 680,850 | |
ON Semiconductor Corp.(1) | 1,850 | 115,829 | |
Skyworks Solutions, Inc. | 1,738 | 231,641 | |
Wolfspeed, Inc.(1)(2) | 18,792 | 2,139,657 | |
$ 50,741,075 | |||
Software — 1.2% | |||
Altair Engineering, Inc., Class A(1) | 4,025 | $ 259,210 | |
Anaplan, Inc.(1) | 8,768 | 570,358 | |
Appian Corp.(1) | 2,504 | 152,293 | |
Black Knight, Inc.(1) | 9,087 | 526,955 | |
CDK Global, Inc. | 22,370 | 1,088,972 | |
Consensus Cloud Solutions, Inc.(1) | 76 | 4,570 | |
CrowdStrike Holdings, Inc., Class A(1) | 37,959 | 8,619,730 | |
Dolby Laboratories, Inc., Class A | 3,541 | 276,977 | |
Dropbox, Inc., Class A(1) | 59,573 | 1,385,072 | |
Duck Creek Technologies, Inc.(1) | 1,300 | 28,756 | |
Elastic NV(1) | 14,842 | 1,320,196 | |
Guidewire Software, Inc.(1) | 445 | 42,106 | |
nCino, Inc.(1) | 13,479 | 552,370 | |
NCR Corp.(1) | 13,828 | 555,747 | |
NortonLifeLock, Inc. | 60,750 | 1,611,090 | |
Nutanix, Inc., Class A(1) | 41,249 | 1,106,298 | |
Oracle Corp. | 25,532 | 2,112,262 | |
Pegasystems, Inc. | 541 | 43,632 | |
Q2 Holdings, Inc.(1) | 45 | 2,774 | |
Splunk, Inc.(1) | 195 | 28,979 | |
Varonis Systems, Inc.(1) | 22,057 | 1,048,590 | |
Workiva, Inc.(1) | 545 | 64,310 | |
$ 21,401,247 | |||
Specialty Retail — 1.4% | |||
Advance Auto Parts, Inc. | 10,415 | $ 2,155,488 | |
American Eagle Outfitters, Inc. | 7,234 | 121,531 | |
AutoNation, Inc.(1) | 8,297 | 826,215 | |
AutoZone, Inc.(1) | 119 | 243,305 | |
Bath & Body Works, Inc. | 35,037 | 1,674,769 | |
Bed Bath & Beyond, Inc.(1)(2) | 16,917 | 381,140 | |
Best Buy Co., Inc. | 37,252 | 3,386,207 | |
CarMax, Inc.(1)(2) | 23,932 | 2,308,959 | |
Carvana Co.(1) | 1,695 | 202,197 | |
Dick's Sporting Goods, Inc. | 9,935 | 993,699 |
Security | Shares | Value | |
Specialty Retail (continued) | |||
Foot Locker, Inc. | 14,520 | $ 430,663 | |
GameStop Corp., Class A(1) | 9,517 | 1,585,342 | |
Gap, Inc. (The) | 35,464 | 499,333 | |
Home Depot, Inc. (The) | 1,131 | 338,542 | |
Lithia Motors, Inc., Class A | 5,068 | 1,521,008 | |
Lowe's Cos., Inc. | 26,775 | 5,413,637 | |
Penske Automotive Group, Inc. | 4,750 | 445,170 | |
TJX Cos., Inc. (The) | 16,163 | 979,155 | |
Tractor Supply Co. | 1,304 | 304,315 | |
Ulta Beauty, Inc.(1) | 549 | 218,623 | |
Victoria's Secret & Co.(1) | 11,497 | 590,486 | |
Vroom, Inc.(1)(2) | 15,067 | 40,078 | |
Williams-Sonoma, Inc. | 5,017 | 727,465 | |
$ 25,387,327 | |||
Technology Hardware, Storage & Peripherals — 1.0% | |||
Dell Technologies, Inc., Class C(1) | 47,707 | $ 2,394,414 | |
Hewlett Packard Enterprise Co. | 255,571 | 4,270,591 | |
HP, Inc. | 208,569 | 7,571,055 | |
NetApp, Inc. | 8,603 | 714,049 | |
Pure Storage, Inc., Class A(1) | 9,282 | 327,748 | |
Seagate Technology Holdings PLC | 21,229 | 1,908,487 | |
Xerox Holdings Corp. | 32,458 | 654,678 | |
$ 17,841,022 | |||
Textiles, Apparel & Luxury Goods — 0.2% | |||
Capri Holdings, Ltd.(1) | 13,539 | $ 695,769 | |
Columbia Sportswear Co. | 2,111 | 191,109 | |
Hanesbrands, Inc. | 8,890 | 132,372 | |
Levi Strauss & Co., Class A | 3,689 | 72,895 | |
Ralph Lauren Corp. | 3,910 | 443,550 | |
Skechers USA, Inc., Class A(1) | 5,786 | 235,837 | |
Tapestry, Inc. | 26,804 | 995,769 | |
Under Armour, Inc., Class A(1) | 21,805 | 371,121 | |
VF Corp. | 9,907 | 563,312 | |
$ 3,701,734 | |||
Thrifts & Mortgage Finance — 0.2% | |||
Essent Group, Ltd. | 21,825 | $ 899,408 | |
MGIC Investment Corp. | 71,395 | 967,402 | |
New York Community Bancorp, Inc. | 98,781 | 1,058,933 | |
TFS Financial Corp. | 12,192 | 202,387 | |
$ 3,128,130 | |||
Trading Companies & Distributors — 0.4% | |||
Air Lease Corp. | 35,290 | $ 1,575,698 |
Security | Shares | Value | |
Trading Companies & Distributors (continued) | |||
Fastenal Co. | 5,327 | $ 316,424 | |
MSC Industrial Direct Co., Inc., Class A | 12,731 | 1,084,808 | |
United Rentals, Inc.(1) | 4,628 | 1,643,912 | |
Univar Solutions, Inc.(1) | 30,241 | 971,946 | |
W.W. Grainger, Inc. | 1,939 | 1,000,117 | |
WESCO International, Inc.(1) | 2,933 | 381,701 | |
$ 6,974,606 | |||
Water Utilities — 0.5% | |||
American Water Works Co., Inc. | 31,936 | $ 5,286,366 | |
Essential Utilities, Inc. | 70,743 | 3,617,090 | |
$ 8,903,456 | |||
Wireless Telecommunication Services — 0.5% | |||
T-Mobile US, Inc.(1) | 68,374 | $ 8,775,804 | |
$ 8,775,804 | |||
Total Common Stocks (identified cost $1,508,525,214) | $1,810,823,942 |
Short-Term Investments — 0.6% | |||
Affiliated Fund — 0.3% | |||
Description | Units | Value | |
Calvert Cash Reserves Fund, LLC, 0.14%(4) | 6,266,358 | $ 6,265,731 | |
Total Affiliated Fund (identified cost $6,265,560) | $ 6,265,731 | ||
Securities Lending Collateral — 0.3% | |||
Security | Shares | Value | |
State Street Navigator Securities Lending Government Money Market Portfolio, 0.29%(5) | 5,038,860 | $ 5,038,860 | |
Total Securities Lending Collateral (identified cost $5,038,860) | $ 5,038,860 | ||
Total Short-Term Investments (identified cost $11,304,420) | $ 11,304,591 | ||
Total Investments — 100.1% (identified cost $1,519,829,634) | $1,822,128,533 | ||
Other Assets, Less Liabilities — (0.1)% | $ (2,219,724) | ||
Net Assets — 100.0% | $ 1,819,908,809 |
The percentage shown for each investment category in the Schedule of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | All or a portion of this security was on loan at March 31, 2022. The aggregate market value of securities on loan at March 31, 2022 was $10,591,205. |
(3) | Amount is less than 0.05%. |
(4) | Affiliated investment company, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2022. |
(5) | Represents investment of cash collateral received in connection with securities lending. |
March 31, 2022 | |
Assets | |
Investments in securities of unaffiliated issuers, at value (identified cost $1,513,564,074) - including $10,591,205 of securities on loan | $ 1,815,862,802 |
Investments in securities of affiliated issuers, at value (identified cost $6,265,560) | 6,265,731 |
Receivable for capital shares sold | 7,217,748 |
Dividends receivable | 1,941,273 |
Dividends receivable - affiliated | 277 |
Securities lending income receivable | 2,360 |
Receivable from affiliate | 199,167 |
Directors' deferred compensation plan | 214,824 |
Total assets | $1,831,704,182 |
Liabilities | |
Due to custodian | $ 62,837 |
Payable for investments purchased | 4,694,729 |
Payable for capital shares redeemed | 1,071,846 |
Deposits for securities loaned | 5,038,860 |
Payable to affiliates: | |
Investment advisory fee | 181,524 |
Administrative fee | 181,523 |
Distribution and service fees | 21,402 |
Sub-transfer agency fee | 4,528 |
Directors' deferred compensation plan | 214,824 |
Accrued expenses | 323,300 |
Total liabilities | $ 11,795,373 |
Net Assets | $1,819,908,809 |
Sources of Net Assets | |
Paid-in capital | $ 1,527,846,900 |
Distributable earnings | 292,061,909 |
Net Assets | $1,819,908,809 |
Class A Shares | |
Net Assets | $ 103,291,815 |
Shares Outstanding | 3,401,732 |
Net Asset Value and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 30.36 |
Maximum Offering Price Per Share (100 ÷ 95.25 of net asset value per share) | $ 31.87 |
Class I Shares | |
Net Assets | $ 1,716,607,145 |
Shares Outstanding | 56,189,748 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 30.55 |
March 31, 2022 | |
Class R6 Shares | |
Net Assets | $ 9,849 |
Shares Outstanding | 322 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding, including fractional shares) | $ 30.55 |
On sales of $50,000 or more, the offering price of Class A shares is reduced. |
Six Months Ended | |
March 31, 2022 | |
Investment Income | |
Dividend income (net of foreign taxes withheld of $5,508) | $ 18,615,792 |
Dividend income - affiliated issuers | 1,700 |
Securities lending income, net | 14,150 |
Total investment income | $18,631,642 |
Expenses | |
Investment advisory fee | $ 1,071,430 |
Administrative fee | 1,071,428 |
Distribution and service fees: | |
Class A | 121,265 |
Directors' fees and expenses | 34,943 |
Custodian fees | 16,822 |
Transfer agency fees and expenses | 617,076 |
Accounting fees | 181,226 |
Professional fees | 18,130 |
Registration fees | 85,072 |
Reports to shareholders | 27,754 |
Miscellaneous | 31,794 |
Total expenses | $ 3,276,940 |
Waiver and/or reimbursement of expenses by affiliate | $ (1,011,605) |
Net expenses | $ 2,265,335 |
Net investment income | $16,366,307 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss): | |
Investment securities | $ (1,370,461) |
Investment securities - affiliated issuers | (637) |
Net realized loss | $ (1,371,098) |
Change in unrealized appreciation (depreciation): | |
Investment securities | $ 30,910,756 |
Investment securities - affiliated issuers | (119) |
Net change in unrealized appreciation (depreciation) | $30,910,637 |
Net realized and unrealized gain | $29,539,539 |
Net increase in net assets from operations | $45,905,846 |
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, 2021 | |
Increase (Decrease) in Net Assets | ||
From operations: | ||
Net investment income | $ 16,366,307 | $ 22,636,869 |
Net realized gain (loss) | (1,371,098) | 50,405,731 |
Net change in unrealized appreciation (depreciation) | 30,910,637 | 229,937,222 |
Net increase in net assets from operations | $ 45,905,846 | $ 302,979,822 |
Distributions to shareholders: | ||
Class A | $ (3,757,514) | $ (925,166) |
Class I | (70,362,679) | (16,192,879) |
Total distributions to shareholders | $ (74,120,193) | $ (17,118,045) |
Capital share transactions: | ||
Class A | $ 17,577,573 | $ 21,684,760 |
Class I | 219,406,420 | 586,920,360 |
Class R6(1) | 10,000 | — |
Net increase in net assets from capital share transactions | $ 236,993,993 | $ 608,605,120 |
Net increase in net assets | $ 208,779,646 | $ 894,466,897 |
Net Assets | ||
At beginning of period | $ 1,611,129,163 | $ 716,662,266 |
At end of period | $1,819,908,809 | $1,611,129,163 |
(1) | For the period from the commencement of operations, February 1, 2022, to March 31, 2022. |
Class A | ||||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value — Beginning of period | $ 30.72 | $ 23.00 | $ 23.38 | $ 23.60 | $ 23.02 | $ 20.10 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.25 | $ 0.46 | $ 0.46 | $ 0.43 | $ 0.41 | $ 0.46 |
Net realized and unrealized gain (loss) | 0.65 | 7.69 | (0.35) | 0.25 | 1.68 | 2.87 |
Total income from operations | $ 0.90 | $ 8.15 | $ 0.11 | $ 0.68 | $ 2.09 | $ 3.33 |
Less Distributions | ||||||
From net investment income | $ (0.38) | $ (0.33) | $ (0.34) | $ (0.34) | $ (0.35) | $ (0.35) |
From net realized gain | (0.88) | (0.10) | (0.15) | (0.56) | (1.16) | (0.06) |
Total distributions | $ (1.26) | $ (0.43) | $ (0.49) | $ (0.90) | $ (1.51) | $ (0.41) |
Net asset value — End of period | $ 30.36 | $ 30.72 | $ 23.00 | $ 23.38 | $ 23.60 | $ 23.02 |
Total Return(2) | 2.89% (3) | 35.76% | 0.35% | 3.18% | 9.30% | 16.72% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $103,292 | $87,085 | $47,993 | $52,888 | $44,047 | $33,233 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 0.60% (5) | 0.61% | 0.63% | 0.68% | 0.71% | 0.84% |
Net expenses | 0.49% (5) | 0.49% | 0.49% | 0.51% | 0.57% | 0.57% |
Net investment income | 1.60% (5) | 1.59% | 2.07% | 1.95% | 1.80% | 2.09% |
Portfolio Turnover | 9% (3) | 34% | 32% | 39% | 67% | 73% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
Class I | ||||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value — Beginning of period | $ 30.92 | $ 23.16 | $ 23.53 | $ 23.74 | $ 23.12 | $ 20.18 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.29 | $ 0.54 | $ 0.52 | $ 0.50 | $ 0.50 | $ 0.53 |
Net realized and unrealized gain (loss) | 0.67 | 7.72 | (0.35) | 0.25 | 1.67 | 2.89 |
Total income from operations | $ 0.96 | $ 8.26 | $ 0.17 | $ 0.75 | $ 2.17 | $ 3.42 |
Less Distributions | ||||||
From net investment income | $ (0.45) | $ (0.40) | $ (0.39) | $ (0.40) | $ (0.39) | $ (0.42) |
From net realized gain | (0.88) | (0.10) | (0.15) | (0.56) | (1.16) | (0.06) |
Total distributions | $ (1.33) | $ (0.50) | $ (0.54) | $ (0.96) | $ (1.55) | $ (0.48) |
Net asset value — End of period | $ 30.55 | $ 30.92 | $ 23.16 | $ 23.53 | $ 23.74 | $ 23.12 |
Total Return(2) | 3.06% (3) | 36.03% | 0.63% | 3.46% | 9.67% | 17.15% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $1,716,607 | $1,524,045 | $668,670 | $368,993 | $254,809 | $85,240 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 0.35% (5) | 0.36% | 0.38% | 0.43% | 0.47% | 0.46% |
Net expenses | 0.24% (5) | 0.24% | 0.24% | 0.23% | 0.22% | 0.22% |
Net investment income | 1.85% (5) | 1.83% | 2.31% | 2.22% | 2.15% | 2.43% |
Portfolio Turnover | 9% (3) | 34% | 32% | 39% | 67% | 73% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
Class R6 | |
Period Ended March 31, 2022(1) (Unaudited) | |
Net asset value — Beginning of period | $ 31.03 |
Income (Loss) From Operations | |
Net investment income(2) | $ 0.10 |
Net realized and unrealized loss | (0.58) (3) |
Total loss from operations | $ (0.48) |
Net asset value — End of period | $30.55 |
Total Return(4) | (1.55)% (5) |
Ratios/Supplemental Data | |
Net assets, end of period (000’s omitted) | $ 10 |
Ratios (as a percentage of average daily net assets):(6) | |
Total expenses | 0.30% (7) |
Net expenses | 0.19% (7) |
Net investment income | 1.98% (7) |
Portfolio Turnover | 9% (5)(8) |
(1) | For the period from the commencement of operations, February 1, 2022, to March 31, 2022. |
(2) | Computed using average shares outstanding. |
(3) | The per share amount is not in accord with the net realized and unrealized gain (loss) for the period because of the timing of Fund share transactions and the amount of the per share realized and unrealized gains and losses at such time. |
(4) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(5) | Not annualized. |
(6) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(7) | Annualized. |
(8) | For the six months ended March 31, 2022. |
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $ 1,810,823,942(1) | $ — | $ — | $ 1,810,823,942 |
Short-Term Investments: | ||||
Affiliated Fund | — | 6,265,731 | — | 6,265,731 |
Securities Lending Collateral | 5,038,860 | — | — | 5,038,860 |
Total Investments | $1,815,862,802 | $6,265,731 | $ — | $1,822,128,533 |
(1) | The level classification by major category of investments is the same as the category presentation in the Schedule of Investments. |
Aggregate cost | $1,537,362,675 |
Gross unrealized appreciation | $ 340,427,198 |
Gross unrealized depreciation | (55,661,340) |
Net unrealized appreciation | $ 284,765,858 |
Remaining Contractual Maturity of the Transactions | |||||
Overnight and Continuous | <30 days | 30 to 90 days | >90 days | Total | |
Common Stocks | $5,038,860 | $ — | $ — | $ — | $5,038,860 |
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Units, end of period |
Short-Term Investments | ||||||||
Calvert Cash Reserves Fund, LLC | $2,904,666 | $170,812,087 | $(167,450,266) | $(637) | $(119) | $6,265,731 | $1,700 | 6,266,358 |
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, 2021 | ||||
Shares | Amount | Shares | Amount | ||
Class A | |||||
Shares sold | 745,188 | $ 23,272,025 | 1,412,939 | $ 41,232,135 | |
Reinvestment of distributions | 108,692 | 3,332,500 | 33,486 | 882,678 | |
Shares redeemed | (287,377) | (9,026,952) | (697,897) | (20,430,053) | |
Net increase | 566,503 | $ 17,577,573 | 748,528 | $ 21,684,760 | |
Class I | |||||
Shares sold | 12,799,715 | $ 402,196,353 | 26,818,715 | $ 776,795,889 | |
Reinvestment of distributions | 1,789,057 | 55,156,619 | 448,118 | 11,870,655 | |
Shares redeemed | (7,681,249) | (237,946,552) | (6,861,149) | (201,746,184) | |
Net increase | 6,907,523 | $ 219,406,420 | 20,405,684 | $ 586,920,360 | |
Class R6(1) | |||||
Shares sold | 322 | $ 10,000 | — | $ — | |
Net increase | 322 | $ 10,000 | — | $ — |
(1) | For the period from the commencement of operations, February 1, 2022, to March 31, 2022. |
Officers |
Hope L. Brown Chief Compliance Officer |
Deidre E. Walsh Vice President, Secretary and Chief Legal Officer |
James F. Kirchner Treasurer |
Directors |
Alice Gresham Bullock Chairperson |
Richard L. Baird, Jr. |
Cari M. Dominguez |
John G. Guffey, Jr. |
Miles D. Harper, III |
Joy V. Jones |
John H. Streur* |
Anthony A. Williams |
*Interested Director and President |
Privacy Notice | April 2021 |
FACTS | WHAT DOES EATON VANCE DO WITH YOUR PERSONAL INFORMATION? |
Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
What? | The types of personal information we collect and share depend on the product or service you have with us. This information can include:■ Social Security number and income ■ investment experience and risk tolerance ■ checking account number and wire transfer instructions |
How? | All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Eaton Vance chooses to share; and whether you can limit this sharing. |
Reasons we can share your personal information | Does Eaton Vance share? | Can you limit this sharing? |
For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes — to offer our products and services to you | Yes | No |
For joint marketing with other financial companies | No | We don’t share |
For our investment management affiliates’ everyday business purposes — information about your transactions, experiences, and creditworthiness | Yes | Yes |
For our affiliates’ everyday business purposes — information about your transactions and experiences | Yes | No |
For our affiliates’ everyday business purposes — information about your creditworthiness | No | We don’t share |
For our investment management affiliates to market to you | Yes | Yes |
For our affiliates to market to you | No | We don’t share |
For nonaffiliates to market to you | No | We don’t share |
To limit our sharing | Call toll-free 1-800-368-2745 or email: CRMPrivacy@calvert.comPlease note:If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. |
Questions? | Call toll-free 1-800-368-2745 or email: CRMPrivacy@calvert.com |
Privacy Notice — continued | April 2021 |
Who we are | |
Who is providing this notice? | Eaton Vance Management, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Global Advisors Limited, Eaton Vance Management’s Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, Eaton Vance and Calvert Fund Families and our investment advisory affiliates (“Eaton Vance”) (see Investment Management Affiliates definition below) |
What we do | |
How does Eaton Vance protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We have policies governing the proper handling of customer information by personnel and requiring third parties that provide support to adhere to appropriate security standards with respect to such information. |
How does Eaton Vance collect my personal information? | We collect your personal information, for example, when you■ open an account or make deposits or withdrawals from your account ■ buy securities from us or make a wire transfer ■ give us your contact informationWe also collect your personal information from others, such as credit bureaus, affiliates, or other companies. |
Why can’t I limit all sharing? | Federal law gives you the right to limit only■ sharing for affiliates’ everyday business purposes — information about your creditworthiness ■ affiliates from using your information to market to you ■ sharing for nonaffiliates to market to youState laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law. |
Definitions | |
Investment Management Affiliates | Eaton Vance Investment Management Affiliates include registered investment advisers, registered broker- dealers, and registered and unregistered funds. Investment Management Affiliates does not include entities associated with Morgan Stanley Wealth Management, such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Affiliates | Companies related by common ownership or control. They can be financial and nonfinancial companies.■ Our affiliates include companies with a Morgan Stanley name and financial companies such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Nonaffiliates | Companies not related by common ownership or control. They can be financial and nonfinancial companies.■ Eaton Vance does not share with nonaffiliates so they can market to you. |
Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.■ Eaton Vance doesn’t jointly market. |
Other important information | |
Vermont: Except as permitted by law, we will not share personal information we collect about Vermont residents with Nonaffiliates unless you provide us with your written consent to share such information.California: Except as permitted by law, we will not share personal information we collect about California residents with Nonaffiliates and we will limit sharing such personal information with our Affiliates to comply with California privacy laws that apply to us. |
% Average Annual Total Returns1,2 | Class Inception Date | Performance Inception Date | Six Months | One Year | Five Years | Since Inception |
Class A at NAV | 10/30/2015 | 10/30/2015 | (2.14)% | 3.03% | 12.59% | 12.61% |
Class A with 4.75% Maximum Sales Charge | — | — | (6.80) | (1.86) | 11.50 | 11.76 |
Class I at NAV | 10/30/2015 | 10/30/2015 | (2.01) | 3.31 | 12.91 | 12.95 |
Class R6 at NAV | 02/01/2022 | 10/30/2015 | (2.04) | 3.29 | 12.90 | 12.95 |
Russell Midcap® Index | — | — | 0.39% | 6.92% | 12.61% | 12.37% |
Calvert US Mid-Cap Core Responsible Index | — | — | (1.84) | 3.61 | 13.22 | 13.30 |
% Total Annual Operating Expense Ratios3 | Class A | Class I | Class R6 |
Gross | 0.68% | 0.43% | 0.39% |
Net | 0.49 | 0.24 | 0.20 |
Top 10 Holdings (% of net assets)* | |
Marvell Technology, Inc. | 0.7% |
Palo Alto Networks, Inc. | 0.7 |
Synopsys, Inc. | 0.6 |
DexCom, Inc. | 0.6 |
Cognizant Technology Solutions Corp., Class A | 0.6 |
O'Reilly Automotive, Inc. | 0.6 |
Cadence Design Systems, Inc. | 0.5 |
Paychex, Inc. | 0.5 |
Amphenol Corp., Class A | 0.5 |
Travelers Cos., Inc. (The) | 0.5 |
Total | 5.8% |
* | Excludes cash and cash equivalents. |
1 | Russell Midcap® Index is an unmanaged index of U.S. mid-cap stocks. Calvert US Mid-Cap Core Responsible Index (the “Calvert Index”) is composed of common stocks of mid-sized companies that operate their businesses in a manner that is consistent with the Calvert Principles for Responsible Investment. Mid-size companies are the 1,000 largest publicly traded U.S. companies based on market capitalization, excluding real estate investment trusts, business development companies and approximately the 200 largest publicly traded U.S. companies. The Calvert Principles of Responsible Investment serve as a framework for considering environmental, social and governance factors that may affect investment performance. Stocks are weighted in the Calvert Index based on their float-adjusted market capitalization within the relevant sector, subject to certain prescribed limits. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
2 | Total Returns at NAV do not include applicable sales charges. If sales charges were deducted, the returns would be lower. Total Returns shown with maximum sales charge reflect the stated maximum sales charge. Unless otherwise stated, performance does not reflect the deduction of taxes on Fund distributions or redemptions of Fund shares.Performance prior to the inception date of a class may be linked to the performance of an older class of the Fund. This linked performance is adjusted for any applicable sales charge, but is not adjusted for class expense differences. If adjusted for such differences, the performance would be different. The performance of Class R6 is linked to Class I. Performance since inception for an index, if presented, is the performance since the Fund's or oldest share class' inception, as applicable. Performance presented in the Financial Highlights included in the financial statements is not linked.Calvert Research and Management became the investment adviser to the Fund on December 31, 2016. Performance reflected prior to such date is that of the Fund’s former investment adviser. |
3 | Source: Fund prospectus. Net expense ratios reflect a contractual expense reimbursement that continues through 1/31/23. The expense ratios for the current reporting period can be found in the Financial Highlights section of this report. Performance reflects expenses waived and/or reimbursed, if applicable. Without such waivers and/or reimbursements, performance would have been lower. |
Beginning Account Value (10/1/21) | Ending Account Value (3/31/22) | Expenses Paid During Period (10/1/21 – 3/31/22) | Annualized Expense Ratio | |
Actual * | ||||
Class A | $1,000.00 | $ 978.60 | $2.42 ** | 0.49% |
Class I | $1,000.00 | $ 979.90 | $1.18 ** | 0.24% |
Class R6 | $1,000.00 | $ 990.80 | $0.32 ** | 0.20% |
Hypothetical *** | ||||
(5% return per year before expenses) | ||||
Class A | $1,000.00 | $1,022.49 | $2.47 ** | 0.49% |
Class I | $1,000.00 | $1,023.73 | $1.21 ** | 0.24% |
Class R6 | $1,000.00 | $1,023.93 | $1.01 ** | 0.20% |
* | Class R6 had not commenced operations on October 1, 2021. Actual expenses are equal to the Fund’s annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period); 59/365 for Class R6 (to reflect the period from the commencement of operations on February 1, 2022 to March 31, 2022). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on September 30, 2021 (February 1, 2022 for Class R6). |
** | Absent a waiver and/or reimbursement of expenses by an affiliate, expenses would be higher. |
*** | Hypothetical expenses are equal to the Fund's annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on September 30, 2021 (February 1, 2022 for Class R6). |
Common Stocks — 99.6% |
Security | Shares | Value | |
Aerospace & Defense — 0.5% | |||
Axon Enterprise, Inc.(1) | 3,857 | $ 531,225 | |
Curtiss-Wright Corp. | 2,192 | 329,151 | |
HEICO Corp. | 2,704 | 415,172 | |
Hexcel Corp. | 5,073 | 301,691 | |
Woodward, Inc. | 3,336 | 416,700 | |
$ 1,993,939 | |||
Air Freight & Logistics — 0.6% | |||
C.H. Robinson Worldwide, Inc. | 7,433 | $ 800,608 | |
Expeditors International of Washington, Inc. | 9,680 | 998,589 | |
GXO Logistics, Inc.(1) | 5,739 | 409,420 | |
$ 2,208,617 | |||
Airlines — 1.0% | |||
Alaska Air Group, Inc.(1) | 7,204 | $ 417,904 | |
American Airlines Group, Inc.(1) | 35,933 | 655,777 | |
Delta Air Lines, Inc.(1) | 33,236 | 1,315,149 | |
JetBlue Airways Corp.(1) | 16,655 | 248,992 | |
Southwest Airlines Co.(1) | 30,633 | 1,402,991 | |
$ 4,040,813 | |||
Auto Components — 0.5% | |||
Autoliv, Inc. | 4,910 | $ 375,320 | |
BorgWarner, Inc. | 13,387 | 520,754 | |
Gentex Corp. | 13,397 | 390,791 | |
Lear Corp. | 3,349 | 477,534 | |
$ 1,764,399 | |||
Automobiles — 0.1% | |||
Harley-Davidson, Inc. | 8,250 | $ 325,050 | |
Thor Industries, Inc.(2) | 2,756 | 216,897 | |
$ 541,947 | |||
Banks — 5.0% | |||
Bank OZK | 5,740 | $ 245,098 | |
BOK Financial Corp. | 1,310 | 123,075 | |
Citizens Financial Group, Inc. | 21,936 | 994,359 | |
Comerica, Inc. | 6,627 | 599,280 | |
Commerce Bancshares, Inc. | 5,817 | 416,439 | |
Cullen/Frost Bankers, Inc. | 3,129 | 433,085 | |
East West Bancorp, Inc. | 7,373 | 582,614 | |
Fifth Third Bancorp | 33,718 | 1,451,223 | |
First Citizens Bancshares, Inc., Class A | 597 | 397,363 | |
First Financial Bankshares, Inc. | 6,463 | 285,148 |
Security | Shares | Value | |
Banks (continued) | |||
First Horizon Corp. | 26,152 | $ 614,310 | |
First Republic Bank | 8,862 | 1,436,530 | |
Glacier Bancorp, Inc. | 5,699 | 286,546 | |
Huntington Bancshares, Inc. | 71,796 | 1,049,658 | |
KeyCorp | 47,826 | 1,070,346 | |
M&T Bank Corp. | 6,645 | 1,126,327 | |
PacWest Bancorp | 5,729 | 247,092 | |
People's United Financial, Inc. | 22,525 | 450,275 | |
Pinnacle Financial Partners, Inc. | 3,852 | 354,692 | |
Popular, Inc. | 4,157 | 339,793 | |
Prosperity Bancshares, Inc. | 4,699 | 326,017 | |
Regions Financial Corp. | 47,675 | 1,061,245 | |
Signature Bank | 2,900 | 851,121 | |
SouthState Corp. | 3,441 | 280,751 | |
SVB Financial Group(1) | 2,854 | 1,596,670 | |
Synovus Financial Corp. | 7,419 | 363,531 | |
UMB Financial Corp. | 2,044 | 198,595 | |
United Bankshares, Inc. | 6,640 | 231,603 | |
Valley National Bancorp | 22,193 | 288,953 | |
Webster Financial Corp. | 9,227 | 517,819 | |
Western Alliance Bancorp | 5,469 | 452,943 | |
Wintrust Financial Corp. | 2,965 | 275,537 | |
Zions Bancorp NA | 7,392 | 484,620 | |
$ 19,432,658 | |||
Biotechnology — 2.8% | |||
Allakos, Inc.(1) | 1,282 | $ 7,307 | |
Alnylam Pharmaceuticals, Inc.(1) | 6,303 | 1,029,217 | |
Arrowhead Pharmaceuticals, Inc.(1) | 5,642 | 259,475 | |
Biogen, Inc.(1) | 7,326 | 1,542,856 | |
Biohaven Pharmaceutical Holding Co., Ltd.(1) | 3,384 | 401,241 | |
BioMarin Pharmaceutical, Inc.(1) | 9,526 | 734,455 | |
Blueprint Medicines Corp.(1) | 3,214 | 205,310 | |
Bridgebio Pharma, Inc.(1)(2) | 4,427 | 44,934 | |
Denali Therapeutics, Inc.(1) | 4,604 | 148,111 | |
Exact Sciences Corp.(1) | 9,462 | 661,583 | |
Exelixis, Inc.(1) | 17,444 | 395,455 | |
Halozyme Therapeutics, Inc.(1) | 7,233 | 288,452 | |
Horizon Therapeutics PLC(1) | 12,160 | 1,279,354 | |
Incyte Corp.(1) | 9,680 | 768,786 | |
Ionis Pharmaceuticals, Inc.(1) | 7,708 | 285,504 | |
Mirati Therapeutics, Inc.(1) | 2,578 | 211,963 | |
Natera, Inc.(1) | 4,587 | 186,599 | |
Neurocrine Biosciences, Inc.(1) | 4,917 | 460,969 | |
Sarepta Therapeutics, Inc.(1) | 4,227 | 330,213 | |
Seagen, Inc.(1) | 7,256 | 1,045,227 | |
Ultragenyx Pharmaceutical, Inc.(1) | 3,238 | 235,143 |
Security | Shares | Value | |
Biotechnology (continued) | |||
United Therapeutics Corp.(1) | 2,475 | $ 444,040 | |
Vir Biotechnology, Inc.(1) | 3,347 | 86,085 | |
$ 11,052,279 | |||
Building Products — 1.8% | |||
Advanced Drainage Systems, Inc. | 3,461 | $ 411,201 | |
Allegion PLC | 5,212 | 572,173 | |
Armstrong World Industries, Inc. | 2,327 | 209,453 | |
AZEK Co., Inc. (The)(1) | 7,438 | 184,760 | |
Carlisle Cos., Inc. | 3,344 | 822,356 | |
Carrier Global Corp. | 41,019 | 1,881,542 | |
Fortune Brands Home & Security, Inc. | 6,340 | 470,935 | |
Lennox International, Inc. | 1,899 | 489,676 | |
Masco Corp. | 11,834 | 603,534 | |
Owens Corning | 7,235 | 662,003 | |
Trex Co., Inc.(1) | 5,211 | 340,435 | |
UFP Industries, Inc. | 2,704 | 208,641 | |
Zurn Water Solutions Corp. | 7,537 | 266,810 | |
$ 7,123,519 | |||
Capital Markets — 4.6% | |||
Affiliated Managers Group, Inc. | 2,026 | $ 285,565 | |
Ameriprise Financial, Inc. | 5,452 | 1,637,563 | |
Ares Management Corp., Class A | 8,041 | 653,170 | |
Cboe Global Markets, Inc. | 5,550 | 635,031 | |
Evercore, Inc., Class A | 1,984 | 220,859 | |
FactSet Research Systems, Inc. | 2,198 | 954,262 | |
Franklin Resources, Inc. | 14,369 | 401,182 | |
Hamilton Lane, Inc., Class A | 1,885 | 145,692 | |
Houlihan Lokey, Inc. | 2,425 | 212,915 | |
Interactive Brokers Group, Inc., Class A | 4,698 | 309,645 | |
Invesco, Ltd. | 17,299 | 398,915 | |
Jefferies Financial Group, Inc. | 10,898 | 357,999 | |
KKR & Co., Inc. | 27,718 | 1,620,671 | |
Lazard, Ltd., Class A | 5,255 | 181,298 | |
LPL Financial Holdings, Inc. | 4,031 | 736,383 | |
MarketAxess Holdings, Inc. | 1,935 | 658,287 | |
Morningstar, Inc. | 1,562 | 426,692 | |
MSCI, Inc. | 3,777 | 1,899,378 | |
Nasdaq, Inc. | 5,802 | 1,033,916 | |
Northern Trust Corp. | 10,548 | 1,228,315 | |
Raymond James Financial, Inc. | 9,588 | 1,053,817 | |
SEI Investments Co. | 5,895 | 354,938 | |
State Street Corp. | 18,203 | 1,585,845 | |
Stifel Financial Corp. | 5,098 | 346,154 | |
Tradeweb Markets, Inc., Class A | 5,591 | 491,281 |
Security | Shares | Value | |
Capital Markets (continued) | |||
Virtu Financial, Inc., Class A | 5,167 | $ 192,316 | |
$ 18,022,089 | |||
Chemicals — 1.8% | |||
Ashland Global Holdings, Inc. | 3,334 | $ 328,099 | |
Avient Corp. | 5,200 | 249,600 | |
Axalta Coating Systems, Ltd.(1) | 12,435 | 305,652 | |
Celanese Corp. | 6,386 | 912,368 | |
Eastman Chemical Co. | 7,934 | 889,084 | |
FMC Corp. | 7,403 | 974,013 | |
Huntsman Corp. | 10,728 | 402,407 | |
International Flavors & Fragrances, Inc. | 12,588 | 1,653,182 | |
Mosaic Co. (The) | 20,470 | 1,361,255 | |
$ 7,075,660 | |||
Commercial Services & Supplies — 1.7% | |||
Cintas Corp. | 4,290 | $ 1,824,923 | |
Clean Harbors, Inc.(1) | 3,846 | 429,368 | |
Copart, Inc.(1) | 10,385 | 1,303,006 | |
IAA, Inc.(1) | 6,136 | 234,702 | |
MSA Safety, Inc. | 2,156 | 286,101 | |
Republic Services, Inc. | 10,872 | 1,440,540 | |
Stericycle, Inc.(1) | 7,329 | 431,825 | |
Tetra Tech, Inc. | 4,048 | 667,677 | |
$ 6,618,142 | |||
Communications Equipment — 1.5% | |||
Arista Networks, Inc.(1) | 11,930 | $ 1,658,031 | |
Ciena Corp.(1) | 8,103 | 491,285 | |
F5, Inc.(1) | 3,194 | 667,386 | |
Juniper Networks, Inc. | 17,073 | 634,433 | |
Lumentum Holdings, Inc.(1) | 3,840 | 374,784 | |
Motorola Solutions, Inc. | 8,110 | 1,964,242 | |
$ 5,790,161 | |||
Construction & Engineering — 0.8% | |||
AECOM | 9,796 | $ 752,431 | |
EMCOR Group, Inc. | 4,115 | 463,472 | |
MasTec, Inc.(1) | 4,840 | 421,564 | |
Quanta Services, Inc. | 8,194 | 1,078,412 | |
Valmont Industries, Inc. | 1,171 | 279,401 | |
$ 2,995,280 | |||
Construction Materials — 0.6% | |||
Martin Marietta Materials, Inc. | 3,223 | $ 1,240,500 |
Security | Shares | Value | |
Construction Materials (continued) | |||
Vulcan Materials Co. | 7,000 | $ 1,285,900 | |
$ 2,526,400 | |||
Consumer Finance — 1.0% | |||
Ally Financial, Inc. | 17,396 | $ 756,378 | |
Credit Acceptance Corp.(1) | 443 | 243,814 | |
Discover Financial Services | 14,216 | 1,566,461 | |
OneMain Holdings, Inc. | 6,383 | 302,618 | |
SLM Corp. | 13,711 | 251,734 | |
Synchrony Financial | 26,921 | 937,120 | |
$ 4,058,125 | |||
Containers & Packaging — 1.7% | |||
AptarGroup, Inc. | 3,785 | $ 444,738 | |
Avery Dennison Corp. | 4,782 | 831,925 | |
Ball Corp. | 16,320 | 1,468,800 | |
Berry Global Group, Inc.(1) | 7,531 | 436,497 | |
Crown Holdings, Inc. | 7,330 | 916,910 | |
Graphic Packaging Holding Co. | 18,283 | 366,391 | |
Packaging Corp. of America | 5,277 | 823,792 | |
Silgan Holdings, Inc. | 4,417 | 204,198 | |
Sonoco Products Co. | 5,395 | 337,511 | |
WestRock Co. | 14,711 | 691,858 | |
$ 6,522,620 | |||
Distributors — 0.6% | |||
Genuine Parts Co. | 6,855 | $ 863,867 | |
LKQ Corp. | 13,161 | 597,641 | |
Pool Corp. | 1,847 | 781,004 | |
$ 2,242,512 | |||
Diversified Consumer Services — 0.5% | |||
ADT, Inc. | 6,957 | $ 52,803 | |
Bright Horizons Family Solutions, Inc.(1) | 3,136 | 416,116 | |
Chegg, Inc.(1) | 8,296 | 300,979 | |
Service Corp. International | 9,806 | 645,431 | |
Terminix Global Holdings, Inc.(1) | 7,906 | 360,751 | |
$ 1,776,080 | |||
Diversified Financial Services — 0.2% | |||
Equitable Holdings, Inc. | 19,627 | $ 606,671 | |
Voya Financial, Inc. | 5,223 | 346,546 | |
$ 953,217 | |||
Diversified Telecommunication Services — 0.2% | |||
Iridium Communications, Inc.(1) | 5,589 | $ 225,348 |
Security | Shares | Value | |
Diversified Telecommunication Services (continued) | |||
Lumen Technologies, Inc. | 55,876 | $ 629,723 | |
$ 855,071 | |||
Electric Utilities — 1.3% | |||
Alliant Energy Corp. | 15,215 | $ 950,633 | |
Avangrid, Inc. | 5,424 | 253,518 | |
Eversource Energy | 17,482 | 1,541,738 | |
Hawaiian Electric Industries, Inc. | 8,508 | 359,973 | |
Xcel Energy, Inc. | 26,357 | 1,902,185 | |
$ 5,008,047 | |||
Electrical Equipment — 1.8% | |||
Acuity Brands, Inc. | 1,975 | $ 373,868 | |
AMETEK, Inc. | 11,680 | 1,555,542 | |
Generac Holdings, Inc.(1) | 3,484 | 1,035,654 | |
Hubbell, Inc. | 3,212 | 590,269 | |
nVent Electric PLC | 9,571 | 332,879 | |
Regal Rexnord Corp. | 3,811 | 567,001 | |
Rockwell Automation, Inc. | 5,799 | 1,623,894 | |
Sensata Technologies Holding PLC(1) | 9,327 | 474,278 | |
Sunrun, Inc.(1) | 11,571 | 351,411 | |
Vertiv Holdings Co. | 18,207 | 254,898 | |
$ 7,159,694 | |||
Electronic Equipment, Instruments & Components — 2.9% | |||
Amphenol Corp., Class A | 27,958 | $ 2,106,635 | |
Arrow Electronics, Inc.(1) | 3,253 | 385,903 | |
Coherent, Inc.(1) | 1,246 | 340,607 | |
Corning, Inc. | 38,296 | 1,413,505 | |
II-VI, Inc.(1)(2) | 5,936 | 430,301 | |
IPG Photonics Corp.(1) | 1,997 | 219,191 | |
Jabil, Inc. | 7,420 | 458,037 | |
Keysight Technologies, Inc.(1) | 9,829 | 1,552,687 | |
Littelfuse, Inc. | 1,382 | 344,685 | |
National Instruments Corp. | 7,382 | 299,635 | |
Novanta, Inc.(1) | 1,983 | 282,161 | |
TD SYNNEX Corp. | 1,967 | 203,014 | |
Teledyne Technologies, Inc.(1) | 2,594 | 1,226,002 | |
Trimble, Inc.(1) | 14,388 | 1,037,950 | |
Zebra Technologies Corp., Class A(1) | 2,854 | 1,180,700 | |
$ 11,481,013 | |||
Energy Equipment & Services — 0.4% | |||
Baker Hughes Co. | 46,792 | $ 1,703,697 | |
$ 1,703,697 |
Security | Shares | Value | |
Entertainment — 1.3% | |||
AMC Entertainment Holdings, Inc., Class A(1) | 32,211 | $ 793,679 | |
Electronic Arts, Inc. | 13,016 | 1,646,654 | |
Liberty Media Corp.-Liberty Formula One, Class A(1) | 1,656 | 104,543 | |
Live Nation Entertainment, Inc.(1) | 7,970 | 937,591 | |
Take-Two Interactive Software, Inc.(1) | 5,898 | 906,758 | |
Warner Music Group Corp., Class A | 7,708 | 291,748 | |
Zynga, Inc., Class A(1) | 57,773 | 533,823 | |
$ 5,214,796 | |||
Food & Staples Retailing — 1.0% | |||
Albertsons Cos., Inc., Class A | 5,276 | $ 175,427 | |
BJ's Wholesale Club Holdings, Inc.(1) | 6,687 | 452,108 | |
Casey's General Stores, Inc. | 2,178 | 431,614 | |
Kroger Co. (The) | 35,768 | 2,052,010 | |
Performance Food Group Co.(1) | 8,592 | 437,419 | |
US Foods Holding Corp.(1) | 12,553 | 472,370 | |
$ 4,020,948 | |||
Food Products — 3.2% | |||
Beyond Meat, Inc.(1)(2) | 2,976 | $ 143,771 | |
Bunge, Ltd. | 7,872 | 872,296 | |
Campbell Soup Co. | 11,880 | 529,492 | |
Conagra Brands, Inc. | 27,442 | 921,228 | |
Darling Ingredients, Inc.(1) | 9,224 | 741,425 | |
Flowers Foods, Inc. | 11,276 | 289,906 | |
Freshpet, Inc.(1) | 2,329 | 239,049 | |
General Mills, Inc. | 28,707 | 1,944,038 | |
Hershey Co. (The) | 7,329 | 1,587,681 | |
Hormel Foods Corp. | 15,710 | 809,693 | |
Ingredion, Inc. | 3,476 | 302,933 | |
JM Smucker Co. (The) | 6,049 | 819,095 | |
Kellogg Co. | 14,042 | 905,569 | |
Lamb Weston Holdings, Inc. | 8,178 | 489,944 | |
Lancaster Colony Corp. | 1,044 | 155,713 | |
McCormick & Co., Inc. | 13,771 | 1,374,346 | |
Post Holdings, Inc.(1) | 2,917 | 202,031 | |
$ 12,328,210 | |||
Health Care Equipment & Supplies — 4.0% | |||
ABIOMED, Inc.(1) | 2,375 | $ 786,695 | |
Cooper Cos., Inc. (The) | 2,670 | 1,114,965 | |
DENTSPLY SIRONA, Inc. | 11,971 | 589,213 | |
DexCom, Inc.(1) | 4,579 | 2,342,616 | |
Envista Holdings Corp.(1) | 8,665 | 422,072 | |
Globus Medical, Inc., Class A(1) | 5,341 | 394,059 | |
Hologic, Inc.(1) | 13,452 | 1,033,383 |
Security | Shares | Value | |
Health Care Equipment & Supplies (continued) | |||
Insulet Corp.(1) | 3,635 | $ 968,328 | |
Integra LifeSciences Holdings Corp.(1) | 3,840 | 246,758 | |
Masimo Corp.(1) | 2,758 | 401,399 | |
Neogen Corp.(1) | 6,204 | 191,331 | |
Nevro Corp.(1) | 1,711 | 123,757 | |
Novocure, Ltd.(1) | 4,672 | 387,075 | |
Penumbra, Inc.(1) | 1,826 | 405,609 | |
Quidel Corp.(1) | 1,786 | 200,854 | |
ResMed, Inc. | 7,059 | 1,711,878 | |
STAAR Surgical Co.(1) | 2,320 | 185,391 | |
STERIS PLC | 5,276 | 1,275,579 | |
Tandem Diabetes Care, Inc.(1) | 3,418 | 397,479 | |
Teleflex, Inc. | 2,480 | 879,978 | |
Zimmer Biomet Holdings, Inc. | 10,755 | 1,375,565 | |
Zimvie, Inc. | 1,016 | 23,206 | |
$ 15,457,190 | |||
Health Care Providers & Services — 1.8% | |||
1Life Healthcare, Inc.(1) | 9,590 | $ 106,257 | |
Amedisys, Inc.(1) | 1,700 | 292,893 | |
Chemed Corp. | 833 | 421,956 | |
DaVita, Inc.(1) | 3,499 | 395,772 | |
Encompass Health Corp. | 5,473 | 389,185 | |
Guardant Health, Inc.(1) | 4,856 | 321,661 | |
HealthEquity, Inc.(1) | 4,137 | 278,999 | |
Henry Schein, Inc.(1) | 7,262 | 633,174 | |
Laboratory Corp. of America Holdings(1) | 4,863 | 1,282,179 | |
LHC Group, Inc.(1) | 1,575 | 265,545 | |
Molina Healthcare, Inc.(1) | 3,061 | 1,021,119 | |
Progyny, Inc.(1) | 3,859 | 198,353 | |
Quest Diagnostics, Inc. | 6,464 | 884,663 | |
R1 RCM, Inc.(1) | 7,642 | 204,500 | |
Select Medical Holdings Corp. | 6,017 | 144,348 | |
$ 6,840,604 | |||
Health Care Technology — 0.6% | |||
Cerner Corp. | 13,752 | $ 1,286,637 | |
Change Healthcare, Inc.(1) | 12,799 | 279,018 | |
GoodRx Holdings, Inc., Class A(1) | 2,667 | 51,553 | |
Omnicell, Inc.(1) | 2,378 | 307,928 | |
Teladoc Health, Inc.(1) | 8,055 | 581,007 | |
$ 2,506,143 | |||
Hotels, Restaurants & Leisure — 3.6% | |||
Aramark | 14,471 | $ 544,110 | |
Chipotle Mexican Grill, Inc.(1) | 1,318 | 2,085,115 |
Security | Shares | Value | |
Hotels, Restaurants & Leisure (continued) | |||
Choice Hotels International, Inc. | 2,337 | $ 331,293 | |
Darden Restaurants, Inc. | 6,984 | 928,523 | |
Domino's Pizza, Inc. | 2,033 | 827,451 | |
Expedia Group, Inc.(1) | 7,411 | 1,450,110 | |
Hilton Worldwide Holdings, Inc.(1) | 13,040 | 1,978,689 | |
Hyatt Hotels Corp., Class A(1) | 3,155 | 301,145 | |
Marriott Vacations Worldwide Corp. | 2,498 | 393,935 | |
Planet Fitness, Inc., Class A(1) | 5,069 | 428,229 | |
Royal Caribbean Cruises, Ltd.(1) | 12,278 | 1,028,651 | |
Texas Roadhouse, Inc. | 3,799 | 318,090 | |
Travel + Leisure Co. | 5,330 | 308,820 | |
Vail Resorts, Inc. | 2,574 | 669,935 | |
Wendy's Co. (The) | 9,237 | 202,937 | |
Wyndham Hotels & Resorts, Inc. | 5,872 | 497,300 | |
Yum! Brands, Inc. | 14,092 | 1,670,325 | |
$ 13,964,658 | |||
Household Durables — 1.7% | |||
D.R. Horton, Inc. | 16,413 | $ 1,222,933 | |
Helen of Troy, Ltd.(1) | 1,157 | 226,587 | |
Leggett & Platt, Inc. | 5,977 | 208,000 | |
Lennar Corp., Class A | 14,073 | 1,142,305 | |
Mohawk Industries, Inc.(1) | 2,628 | 326,397 | |
Newell Brands, Inc. | 18,881 | 404,242 | |
NVR, Inc.(1) | 184 | 821,978 | |
PulteGroup, Inc. | 15,993 | 670,107 | |
Tempur Sealy International, Inc. | 8,252 | 230,396 | |
Toll Brothers, Inc. | 9,148 | 430,139 | |
TopBuild Corp.(1) | 2,544 | 461,456 | |
Whirlpool Corp. | 2,667 | 460,804 | |
$ 6,605,344 | |||
Household Products — 0.5% | |||
Church & Dwight Co., Inc. | 11,803 | $ 1,172,982 | |
Clorox Co. (The) | 6,010 | 835,570 | |
Reynolds Consumer Products, Inc. | 2,810 | 82,446 | |
$ 2,090,998 | |||
Independent Power and Renewable Electricity Producers — 0.5% | |||
AES Corp. (The) | 40,852 | $ 1,051,122 | |
Brookfield Renewable Corp., Class A | 13,620 | 596,556 | |
Clearway Energy, Inc., Class C | 6,024 | 219,936 | |
$ 1,867,614 | |||
Insurance — 3.9% | |||
Aflac, Inc. | 28,811 | $ 1,855,140 |
Security | Shares | Value | |
Insurance (continued) | |||
Alleghany Corp.(1) | 682 | $ 577,654 | |
American Financial Group, Inc. | 3,326 | 484,332 | |
Arch Capital Group, Ltd.(1) | 18,856 | 913,008 | |
Assurant, Inc. | 2,887 | 524,943 | |
Brown & Brown, Inc. | 13,802 | 997,471 | |
Enstar Group, Ltd.(1) | 582 | 151,989 | |
Erie Indemnity Co., Class A | 1,247 | 219,634 | |
Everest Re Group, Ltd. | 2,025 | 610,294 | |
First American Financial Corp. | 5,364 | 347,694 | |
Globe Life, Inc. | 4,777 | 480,566 | |
Hanover Insurance Group, Inc. (The) | 1,789 | 267,491 | |
Hartford Financial Services Group, Inc. (The) | 16,754 | 1,203,105 | |
Kemper Corp. | 2,727 | 154,185 | |
Lincoln National Corp. | 8,111 | 530,135 | |
Primerica, Inc. | 2,128 | 291,153 | |
Principal Financial Group, Inc. | 13,495 | 990,668 | |
Reinsurance Group of America, Inc. | 3,450 | 377,637 | |
RenaissanceRe Holdings, Ltd. | 2,307 | 365,683 | |
RLI Corp. | 2,165 | 239,514 | |
Travelers Cos., Inc. (The) | 11,443 | 2,090,979 | |
Unum Group | 9,643 | 303,851 | |
Willis Towers Watson PLC | 5,967 | 1,409,525 | |
$ 15,386,651 | |||
Interactive Media & Services — 0.8% | |||
Angi, Inc.(1) | 2,036 | $ 11,544 | |
IAC/InterActiveCorp. (1) | 4,411 | 442,335 | |
Match Group, Inc.(1) | 14,018 | 1,524,317 | |
TripAdvisor, Inc.(1) | 5,348 | 145,038 | |
Ziff Davis, Inc.(1) | 2,292 | 221,820 | |
ZoomInfo Technologies, Inc., Class A(1) | 15,528 | 927,643 | |
$ 3,272,697 | |||
Internet & Direct Marketing Retail — 0.4% | |||
Chewy, Inc., Class A(1)(2) | 3,901 | $ 159,083 | |
Etsy, Inc.(1) | 6,209 | 771,654 | |
Qurate Retail, Inc., Series A | 13,418 | 63,870 | |
Stitch Fix, Inc., Class A(1) | 2,774 | 27,934 | |
Wayfair, Inc., Class A(1) | 3,631 | 402,242 | |
$ 1,424,783 | |||
IT Services — 3.8% | |||
Akamai Technologies, Inc.(1) | 8,606 | $ 1,027,470 | |
Alliance Data Systems Corp. | 2,299 | 129,089 | |
Amdocs, Ltd. | 6,883 | 565,851 | |
Broadridge Financial Solutions, Inc. | 6,161 | 959,329 |
Security | Shares | Value | |
IT Services (continued) | |||
Cognizant Technology Solutions Corp., Class A | 24,585 | $ 2,204,537 | |
Concentrix Corp. | 2,313 | 385,253 | |
DXC Technology Co.(1) | 13,187 | 430,292 | |
EPAM Systems, Inc.(1) | 2,895 | 858,686 | |
Euronet Worldwide, Inc.(1) | 2,613 | 340,082 | |
Fastly, Inc., Class A(1) | 4,754 | 82,625 | |
Gartner, Inc.(1) | 4,305 | 1,280,565 | |
Genpact, Ltd. | 9,138 | 397,594 | |
Jack Henry & Associates, Inc. | 3,961 | 780,515 | |
MAXIMUS, Inc. | 3,694 | 276,865 | |
Okta, Inc.(1) | 7,429 | 1,121,482 | |
Paychex, Inc. | 15,491 | 2,114,057 | |
Switch, Inc., Class A | 9,701 | 298,985 | |
TTEC Holdings, Inc. | 974 | 80,375 | |
VeriSign, Inc.(1) | 5,294 | 1,177,703 | |
WEX, Inc.(1) | 2,275 | 405,974 | |
$ 14,917,329 | |||
Leisure Products — 0.4% | |||
Brunswick Corp. | 4,152 | $ 335,855 | |
Callaway Golf Co.(1) | 5,620 | 131,621 | |
Hasbro, Inc. | 6,014 | 492,667 | |
Mattel, Inc.(1) | 16,597 | 368,619 | |
YETI Holdings, Inc.(1) | 3,911 | 234,582 | |
$ 1,563,344 | |||
Life Sciences Tools & Services — 2.8% | |||
10X Genomics, Inc., Class A(1) | 4,395 | $ 334,328 | |
Adaptive Biotechnologies Corp.(1) | 5,062 | 70,261 | |
Avantor, Inc.(1) | 31,342 | 1,059,986 | |
Azenta, Inc. | 3,700 | 306,656 | |
Bio-Rad Laboratories, Inc., Class A(1) | 1,146 | 645,462 | |
Bio-Techne Corp. | 2,131 | 922,808 | |
Bruker Corp. | 5,585 | 359,116 | |
Charles River Laboratories International, Inc.(1) | 2,620 | 744,001 | |
Medpace Holdings, Inc.(1) | 1,573 | 257,327 | |
Mettler-Toledo International, Inc.(1) | 1,119 | 1,536,600 | |
NeoGenomics, Inc.(1) | 6,574 | 79,874 | |
PerkinElmer, Inc. | 6,746 | 1,176,907 | |
Repligen Corp.(1) | 2,683 | 504,645 | |
Syneos Health, Inc.(1) | 5,754 | 465,786 | |
Waters Corp.(1) | 3,186 | 988,903 | |
West Pharmaceutical Services, Inc. | 3,748 | 1,539,341 | |
$ 10,992,001 |
Security | Shares | Value | |
Machinery — 5.8% | |||
AGCO Corp. | 3,567 | $ 520,889 | |
Chart Industries, Inc.(1) | 2,066 | 354,877 | |
CNH Industrial NV | 58,352 | 925,463 | |
Colfax Corp.(1) | 8,322 | 331,132 | |
Crane Co. | 2,975 | 322,133 | |
Cummins, Inc. | 7,103 | 1,456,896 | |
Donaldson Co., Inc. | 6,993 | 363,147 | |
Dover Corp. | 7,560 | 1,186,164 | |
Flowserve Corp. | 7,555 | 271,225 | |
Fortive Corp. | 18,720 | 1,140,610 | |
Gates Industrial Corp. PLC(1) | 4,923 | 74,140 | |
Graco, Inc. | 9,967 | 694,899 | |
IDEX Corp. | 4,507 | 864,127 | |
Ingersoll Rand, Inc. | 22,348 | 1,125,222 | |
ITT, Inc. | 4,773 | 358,977 | |
John Bean Technologies Corp. | 1,862 | 220,591 | |
Lincoln Electric Holdings, Inc. | 3,263 | 449,674 | |
Middleby Corp. (The)(1) | 3,171 | 519,854 | |
Nordson Corp. | 3,102 | 704,402 | |
Oshkosh Corp. | 3,739 | 376,330 | |
Otis Worldwide Corp. | 20,950 | 1,612,103 | |
PACCAR, Inc. | 17,040 | 1,500,713 | |
Parker-Hannifin Corp. | 6,166 | 1,749,664 | |
Pentair PLC | 9,877 | 535,432 | |
RBC Bearings, Inc.(1) | 1,608 | 311,759 | |
Snap-on, Inc. | 2,645 | 543,495 | |
Stanley Black & Decker, Inc. | 8,210 | 1,147,676 | |
Timken Co. (The) | 3,632 | 220,462 | |
Toro Co. (The) | 6,218 | 531,577 | |
Watts Water Technologies, Inc., Class A | 1,531 | 213,712 | |
Westinghouse Air Brake Technologies Corp. | 10,102 | 971,509 | |
Xylem, Inc. | 10,638 | 906,996 | |
$ 22,505,850 | |||
Media — 1.5% | |||
Altice USA, Inc., Class A(1) | 9,628 | $ 120,157 | |
Cable One, Inc. | 251 | 367,524 | |
Discovery, Inc., Class A(1) | 11,287 | 281,272 | |
Interpublic Group of Cos., Inc. (The) | 23,349 | 827,722 | |
Liberty Broadband Corp., Class C(1) | 8,306 | 1,123,968 | |
Loyalty Ventures, Inc.(1) | 919 | 15,191 | |
New York Times Co. (The), Class A | 9,926 | 455,008 | |
Omnicom Group, Inc. | 11,921 | 1,011,855 | |
Paramount Global, Class B | 32,845 | 1,241,869 | |
Sirius XM Holdings, Inc. | 57,427 | 380,167 | |
$ 5,824,733 |
Security | Shares | Value | |
Metals & Mining — 0.9% | |||
Nucor Corp. | 13,162 | $ 1,956,531 | |
Reliance Steel & Aluminum Co. | 4,033 | 739,451 | |
Steel Dynamics, Inc. | 11,805 | 984,891 | |
$ 3,680,873 | |||
Multiline Retail — 0.3% | |||
Kohl's Corp. | 6,798 | $ 411,007 | |
Macy's, Inc. | 13,437 | 327,325 | |
Nordstrom, Inc. | 5,840 | 158,323 | |
Ollie's Bargain Outlet Holdings, Inc.(1) | 2,393 | 102,803 | |
$ 999,458 | |||
Multi-Utilities — 1.1% | |||
Ameren Corp. | 13,811 | $ 1,294,920 | |
CMS Energy Corp. | 16,300 | 1,140,022 | |
Consolidated Edison, Inc. | 17,743 | 1,679,907 | |
$ 4,114,849 | |||
Oil, Gas & Consumable Fuels — 0.1% | |||
New Fortress Energy, Inc.(2) | 8,365 | $ 356,433 | |
$ 356,433 | |||
Paper & Forest Products — 0.1% | |||
Louisiana-Pacific Corp. | 3,987 | $ 247,672 | |
$ 247,672 | |||
Personal Products — 0.1% | |||
BellRing Brands, Inc.(1) | 3,698 | $ 85,350 | |
Coty, Inc., Class A(1) | 16,940 | 152,290 | |
$ 237,640 | |||
Pharmaceuticals — 0.8% | |||
Catalent, Inc.(1) | 9,266 | $ 1,027,599 | |
Elanco Animal Health, Inc.(1) | 23,840 | 621,986 | |
Jazz Pharmaceuticals PLC(1) | 3,319 | 516,669 | |
Perrigo Co. PLC | 7,097 | 272,738 | |
Reata Pharmaceuticals, Inc., Class A(1) | 1,449 | 47,469 | |
Royalty Pharma PLC, Class A | 18,975 | 739,266 | |
$ 3,225,727 | |||
Professional Services — 2.2% | |||
ASGN, Inc.(1) | 3,153 | $ 367,987 | |
Booz Allen Hamilton Holding Corp. | 8,391 | 737,065 | |
CoStar Group, Inc.(1) | 20,657 | 1,375,963 | |
Dun & Bradstreet Holdings, Inc.(1) | 8,774 | 153,721 | |
Exponent, Inc. | 3,108 | 335,819 |
Security | Shares | Value | |
Professional Services (continued) | |||
FTI Consulting, Inc.(1) | 2,069 | $ 325,288 | |
ManpowerGroup, Inc. | 3,336 | 313,317 | |
Nielsen Holdings PLC | 22,364 | 609,195 | |
Robert Half International, Inc. | 6,682 | 762,951 | |
Science Applications International Corp. | 2,822 | 260,104 | |
TransUnion | 11,001 | 1,136,843 | |
TriNet Group, Inc.(1) | 2,621 | 257,802 | |
Upwork, Inc.(1) | 7,619 | 177,066 | |
Verisk Analytics, Inc. | 8,137 | 1,746,444 | |
$ 8,559,565 | |||
Real Estate Management & Development — 0.8% | |||
CBRE Group, Inc., Class A(1) | 16,134 | $ 1,476,584 | |
eXp World Holdings, Inc.(2) | 5,361 | 113,492 | |
Howard Hughes Corp. (The)(1) | 3,258 | 337,561 | |
Jones Lang LaSalle, Inc.(1) | 3,266 | 782,076 | |
Redfin Corp.(1) | 7,168 | 129,311 | |
Zillow Group, Inc., Class C(1) | 9,223 | 454,602 | |
$ 3,293,626 | |||
Road & Rail — 1.2% | |||
Avis Budget Group, Inc.(1) | 2,262 | $ 595,585 | |
J.B. Hunt Transport Services, Inc. | 4,685 | 940,701 | |
Knight-Swift Transportation Holdings, Inc. | 8,292 | 418,414 | |
Landstar System, Inc. | 2,197 | 331,373 | |
Old Dominion Freight Line, Inc. | 4,987 | 1,489,517 | |
Saia, Inc.(1) | 1,507 | 367,437 | |
XPO Logistics, Inc.(1) | 5,702 | 415,106 | |
$ 4,558,133 | |||
Semiconductors & Semiconductor Equipment — 3.8% | |||
Allegro MicroSystems, Inc.(1) | 2,487 | $ 70,631 | |
Amkor Technology, Inc. | 6,095 | 132,383 | |
Enphase Energy, Inc.(1) | 7,056 | 1,423,760 | |
Entegris, Inc. | 7,354 | 965,286 | |
First Solar, Inc.(1) | 5,463 | 457,472 | |
Lattice Semiconductor Corp.(1) | 7,548 | 460,051 | |
Marvell Technology, Inc. | 38,226 | 2,741,186 | |
MKS Instruments, Inc. | 3,197 | 479,550 | |
Monolithic Power Systems, Inc. | 2,364 | 1,148,147 | |
ON Semiconductor Corp.(1) | 21,568 | 1,350,372 | |
Power Integrations, Inc. | 2,964 | 274,704 | |
Qorvo, Inc.(1) | 5,960 | 739,636 | |
Silicon Laboratories, Inc.(1) | 2,128 | 319,626 | |
Skyworks Solutions, Inc. | 8,761 | 1,167,666 | |
SolarEdge Technologies, Inc.(1) | 2,974 | 958,728 |
Security | Shares | Value | |
Semiconductors & Semiconductor Equipment (continued) | |||
Teradyne, Inc. | 9,065 | $ 1,071,755 | |
Universal Display Corp. | 2,282 | 380,980 | |
Wolfspeed, Inc.(1) | 6,463 | 735,877 | |
$ 14,877,810 | |||
Software — 8.4% | |||
Altair Engineering, Inc., Class A(1) | 2,476 | $ 159,454 | |
Alteryx, Inc., Class A(1) | 3,113 | 222,673 | |
Anaplan, Inc.(1) | 7,392 | 480,850 | |
ANSYS, Inc.(1) | 4,458 | 1,416,084 | |
Appfolio, Inc., Class A(1) | 960 | 108,682 | |
Appian Corp.(1) | 2,235 | 135,933 | |
Aspen Technology, Inc.(1) | 3,575 | 591,198 | |
Avalara, Inc.(1) | 4,349 | 432,769 | |
Bill.com Holdings, Inc.(1) | 5,199 | 1,179,081 | |
Black Knight, Inc.(1) | 7,965 | 461,890 | |
Blackline, Inc.(1) | 3,096 | 226,689 | |
Cadence Design Systems, Inc.(1) | 13,003 | 2,138,473 | |
CDK Global, Inc. | 6,369 | 310,043 | |
Citrix Systems, Inc. | 6,816 | 687,734 | |
Consensus Cloud Solutions, Inc.(1) | 649 | 39,024 | |
Coupa Software, Inc.(1) | 4,128 | 419,529 | |
DocuSign, Inc.(1) | 10,382 | 1,112,120 | |
Dolby Laboratories, Inc., Class A | 3,612 | 282,531 | |
Dropbox, Inc., Class A(1) | 15,675 | 364,444 | |
Duck Creek Technologies, Inc.(1) | 4,449 | 98,412 | |
Dynatrace, Inc.(1) | 10,292 | 484,753 | |
Elastic NV(1) | 3,836 | 341,212 | |
Fair Isaac Corp.(1) | 1,646 | 767,793 | |
Five9, Inc.(1) | 3,576 | 394,790 | |
Guidewire Software, Inc.(1) | 4,625 | 437,617 | |
HubSpot, Inc.(1) | 2,388 | 1,134,157 | |
Manhattan Associates, Inc.(1) | 3,456 | 479,382 | |
MicroStrategy, Inc., Class A(1) | 503 | 244,619 | |
nCino, Inc.(1) | 3,473 | 142,324 | |
NCR Corp.(1) | 7,550 | 303,434 | |
NortonLifeLock, Inc. | 31,519 | 835,884 | |
Nutanix, Inc., Class A(1) | 11,115 | 298,104 | |
Palo Alto Networks, Inc.(1)(2) | 4,381 | 2,727,216 | |
Paycom Software, Inc.(1) | 2,797 | 968,825 | |
Paylocity Holding Corp.(1) | 2,119 | 436,027 | |
Pegasystems, Inc. | 2,251 | 181,543 | |
PTC, Inc.(1) | 5,785 | 623,160 | |
Q2 Holdings, Inc.(1) | 3,120 | 192,348 | |
Rapid7, Inc.(1) | 2,886 | 321,039 | |
RingCentral, Inc., Class A(1) | 4,568 | 535,415 | |
Smartsheet, Inc., Class A(1) | 6,792 | 372,066 |
Security | Shares | Value | |
Software (continued) | |||
Splunk, Inc.(1) | 7,939 | $ 1,179,815 | |
SS&C Technologies Holdings, Inc. | 11,910 | 893,488 | |
Synopsys, Inc.(1) | 7,096 | 2,364,884 | |
Teradata Corp.(1) | 5,370 | 264,687 | |
Trade Desk, Inc. (The), Class A(1) | 21,290 | 1,474,332 | |
Tyler Technologies, Inc.(1) | 2,247 | 999,668 | |
Varonis Systems, Inc.(1) | 5,925 | 281,675 | |
Workiva, Inc.(1) | 2,375 | 280,250 | |
Zendesk, Inc.(1) | 6,418 | 772,021 | |
Zscaler, Inc.(1) | 4,439 | 1,071,042 | |
$ 32,671,183 | |||
Specialty Retail — 3.5% | |||
Advance Auto Parts, Inc. | 2,860 | $ 591,906 | |
American Eagle Outfitters, Inc. | 6,855 | 115,164 | |
AutoNation, Inc.(1) | 1,935 | 192,687 | |
AutoZone, Inc.(1) | 989 | 2,022,090 | |
Bath & Body Works, Inc. | 12,339 | 589,804 | |
Bed Bath & Beyond, Inc.(1)(2) | 5,182 | 116,750 | |
Best Buy Co., Inc. | 10,499 | 954,359 | |
Burlington Stores, Inc.(1) | 3,204 | 583,673 | |
CarMax, Inc.(1)(2) | 7,952 | 767,209 | |
Dick's Sporting Goods, Inc. | 3,024 | 302,460 | |
Five Below, Inc.(1) | 2,569 | 406,853 | |
Floor & Decor Holdings, Inc., Class A(1) | 5,103 | 413,343 | |
Foot Locker, Inc. | 4,154 | 123,208 | |
GameStop Corp., Class A(1) | 3,130 | 521,395 | |
Gap, Inc. (The) | 9,385 | 132,141 | |
Leslie's, Inc.(1)(2) | 5,618 | 108,764 | |
Lithia Motors, Inc., Class A | 1,343 | 403,061 | |
O'Reilly Automotive, Inc.(1) | 3,133 | 2,145,980 | |
Penske Automotive Group, Inc. | 1,372 | 128,584 | |
RH (1) | 796 | 259,568 | |
Tractor Supply Co. | 5,457 | 1,273,500 | |
Ulta Beauty, Inc.(1) | 2,532 | 1,008,293 | |
Victoria's Secret & Co.(1) | 3,368 | 172,980 | |
Vroom, Inc.(1)(2) | 4,623 | 12,297 | |
Williams-Sonoma, Inc. | 3,455 | 500,975 | |
$ 13,847,044 | |||
Technology Hardware, Storage & Peripherals — 1.7% | |||
Hewlett Packard Enterprise Co. | 69,041 | $ 1,153,675 | |
HP, Inc. | 52,265 | 1,897,219 | |
NetApp, Inc. | 12,110 | 1,005,130 | |
Pure Storage, Inc., Class A(1) | 14,602 | 515,597 | |
Seagate Technology Holdings PLC | 11,712 | 1,052,909 |
Security | Shares | Value | |
Technology Hardware, Storage & Peripherals (continued) | |||
Western Digital Corp.(1) | 16,704 | $ 829,353 | |
Xerox Holdings Corp. | 7,440 | 150,065 | |
$ 6,603,948 | |||
Textiles, Apparel & Luxury Goods — 0.9% | |||
Capri Holdings, Ltd.(1) | 6,567 | $ 337,478 | |
Columbia Sportswear Co. | 1,821 | 164,855 | |
Crocs, Inc.(1) | 2,840 | 216,976 | |
Deckers Outdoor Corp.(1) | 1,346 | 368,494 | |
Hanesbrands, Inc. | 16,584 | 246,936 | |
Levi Strauss & Co., Class A | 3,630 | 71,729 | |
PVH Corp. | 3,458 | 264,917 | |
Ralph Lauren Corp. | 2,229 | 252,858 | |
Skechers USA, Inc., Class A(1) | 5,937 | 241,992 | |
Tapestry, Inc. | 13,179 | 489,600 | |
Under Armour, Inc., Class A(1) | 8,054 | 137,079 | |
VF Corp. | 15,802 | 898,502 | |
$ 3,691,416 | |||
Thrifts & Mortgage Finance — 0.2% | |||
Essent Group, Ltd. | 5,509 | $ 227,026 | |
MGIC Investment Corp. | 15,523 | 210,337 | |
New York Community Bancorp, Inc. | 21,292 | 228,250 | |
TFS Financial Corp. | 2,718 | 45,119 | |
$ 710,732 | |||
Trading Companies & Distributors — 1.4% | |||
Air Lease Corp. | 6,547 | $ 292,324 | |
Fastenal Co. | 27,865 | 1,655,181 | |
MSC Industrial Direct Co., Inc., Class A | 2,678 | 228,192 | |
SiteOne Landscape Supply, Inc.(1) | 2,087 | 337,447 | |
United Rentals, Inc.(1) | 3,768 | 1,338,431 | |
Univar Solutions, Inc.(1) | 9,772 | 314,072 | |
W.W. Grainger, Inc. | 2,149 | 1,108,433 | |
WESCO International, Inc.(1) | 2,170 | 282,404 | |
$ 5,556,484 | |||
Water Utilities — 0.6% | |||
American Water Works Co., Inc. | 9,286 | $ 1,537,112 | |
Essential Utilities, Inc. | 16,533 | 845,332 | |
$ 2,382,444 | |||
Total Common Stocks (identified cost $348,074,839) | $389,344,909 |
Short-Term Investments — 0.4% | |||
Affiliated Fund — 0.2% | |||
Description | Units | Value | |
Calvert Cash Reserves Fund, LLC, 0.14%(3) | 973,569 | $ 973,472 | |
Total Affiliated Fund (identified cost $973,472) | $ 973,472 | ||
Securities Lending Collateral — 0.2% | |||
Security | Shares | Value | |
State Street Navigator Securities Lending Government Money Market Portfolio, 0.29%(4) | 703,349 | $ 703,349 | |
Total Securities Lending Collateral (identified cost $703,349) | $ 703,349 | ||
Total Short-Term Investments (identified cost $1,676,821) | $ 1,676,821 | ||
Total Investments — 100.0% (identified cost $349,751,660) | $391,021,730 | ||
Other Assets, Less Liabilities — 0.0%(5) | $ 100,323 | ||
Net Assets — 100.0% | $391,122,053 |
The percentage shown for each investment category in the Schedule of Investments is based on net assets. | |
(1) | Non-income producing security. |
(2) | All or a portion of this security was on loan at March 31, 2022. The aggregate market value of securities on loan at March 31, 2022 was $4,758,689. |
(3) | Affiliated investment company, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2022. |
(4) | Represents investment of cash collateral received in connection with securities lending. |
(5) | Amount is less than 0.05%. |
March 31, 2022 | |
Assets | |
Investments in securities of unaffiliated issuers, at value (identified cost $348,778,188) - including $4,758,689 of securities on loan | $ 390,048,258 |
Investments in securities of affiliated issuers, at value (identified cost $973,472) | 973,472 |
Receivable for capital shares sold | 919,137 |
Dividends receivable | 271,416 |
Dividends receivable - affiliated | 175 |
Securities lending income receivable | 1,147 |
Receivable from affiliate | 59,940 |
Directors' deferred compensation plan | 49,172 |
Total assets | $392,322,717 |
Liabilities | |
Due to custodian | $ 1,962 |
Payable for capital shares redeemed | 274,054 |
Deposits for securities loaned | 703,349 |
Payable to affiliates: | |
Investment advisory fee | 37,288 |
Administrative fee | 37,288 |
Distribution and service fees | 12,206 |
Sub-transfer agency fee | 7,974 |
Directors' deferred compensation plan | 49,172 |
Accrued expenses | 77,371 |
Total liabilities | $ 1,200,664 |
Net Assets | $391,122,053 |
Sources of Net Assets | |
Paid-in capital | $ 350,352,399 |
Distributable earnings | 40,769,654 |
Net Assets | $391,122,053 |
Class A Shares | |
Net Assets | $ 58,916,458 |
Shares Outstanding | 1,584,419 |
Net Asset Value and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 37.18 |
Maximum Offering Price Per Share (100 ÷ 95.25 of net asset value per share) | $ 39.03 |
Class I Shares | |
Net Assets | $ 332,195,686 |
Shares Outstanding | 8,851,378 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 37.53 |
March 31, 2022 | |
Class R6 Shares | |
Net Assets | $ 9,909 |
Shares Outstanding | 264 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 37.53 |
On sales of $50,000 or more, the offering price of Class A shares is reduced. |
Six Months Ended | |
March 31, 2022 | |
Investment Income | |
Dividend income (net of foreign taxes withheld of $1,524) | $ 1,903,370 |
Dividend income - affiliated issuers | 577 |
Securities lending income, net | 7,225 |
Total investment income | $ 1,911,172 |
Expenses | |
Investment advisory fee | $ 210,748 |
Administrative fee | 210,748 |
Distribution and service fees: | |
Class A | 71,855 |
Directors' fees and expenses | 7,074 |
Custodian fees | 9,561 |
Transfer agency fees and expenses | 144,654 |
Accounting fees | 39,596 |
Professional fees | 14,874 |
Registration fees | 45,834 |
Reports to shareholders | 6,832 |
Miscellaneous | 11,467 |
Total expenses | $ 773,243 |
Waiver and/or reimbursement of expenses by affiliate | $ (280,421) |
Net expenses | $ 492,822 |
Net investment income | $ 1,418,350 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss): | |
Investment securities | $ 670,453 |
Investment securities - affiliated issuers | (686) |
Net realized gain | $ 669,767 |
Change in unrealized appreciation (depreciation): | |
Investment securities | $ (10,241,179) |
Investment securities - affiliated issuers | (41) |
Net change in unrealized appreciation (depreciation) | $(10,241,220) |
Net realized and unrealized loss | $ (9,571,453) |
Net decrease in net assets from operations | $ (8,153,103) |
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, 2021 | |
Increase (Decrease) in Net Assets | ||
From operations: | ||
Net investment income | $ 1,418,350 | $ 1,580,285 |
Net realized gain | 669,767 | 8,373,514 |
Net change in unrealized appreciation (depreciation) | (10,241,220) | 35,190,149 |
Net increase (decrease) in net assets from operations | $ (8,153,103) | $ 45,143,948 |
Distributions to shareholders: | ||
Class A | $ (1,543,338) | $ (488,178) |
Class I | (8,114,382) | (3,104,130) |
Total distributions to shareholders | $ (9,657,720) | $ (3,592,308) |
Capital share transactions: | ||
Class A | $ 11,406,852 | $ 29,553,392 |
Class I | 83,915,592 | 144,627,573 |
Class R6(1) | 10,000 | — |
Net increase in net assets from capital share transactions | $ 95,332,444 | $174,180,965 |
Net increase in net assets | $ 77,521,621 | $215,732,605 |
Net Assets | ||
At beginning of period | $ 313,600,432 | $ 97,867,827 |
At end of period | $391,122,053 | $313,600,432 |
(1) | For the period from the commencement of operations, February 1, 2022, to March 31, 2022. |
Class A | ||||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value — Beginning of period | $ 39.02 | $ 29.17 | $ 26.80 | $ 27.23 | $ 24.44 | $ 21.25 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.12 | $ 0.22 | $ 0.28 | $ 0.24 | $ 0.25 | $ 0.38 |
Net realized and unrealized gain (loss) | (0.89) | 10.47 | 2.54 | (0.02) | 3.25 | 3.22 |
Total income (loss) from operations | $ (0.77) | $ 10.69 | $ 2.82 | $ 0.22 | $ 3.50 | $ 3.60 |
Less Distributions | ||||||
From net investment income | $ (0.14) | $ (0.19) | $ (0.18) | $ (0.24) | $ (0.24) | $ (0.16) |
From net realized gain | (0.93) | (0.65) | (0.27) | (0.41) | (0.47) | (0.25) |
Total distributions | $ (1.07) | $ (0.84) | $ (0.45) | $ (0.65) | $ (0.71) | $ (0.41) |
Net asset value — End of period | $ 37.18 | $ 39.02 | $ 29.17 | $ 26.80 | $ 27.23 | $ 24.44 |
Total Return(2) | (2.14)% (3) | 37.14% | 10.60% | 1.05% | 14.55% | 17.12% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $58,916 | $50,682 | $14,803 | $12,385 | $22,575 | $14,339 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 0.65% (5) | 0.68% | 0.77% | 0.90% | 0.94% | 1.53% |
Net expenses | 0.49% (5) | 0.49% | 0.49% | 0.53% | 0.57% | 0.57% |
Net investment income | 0.60% (5) | 0.57% | 1.03% | 0.93% | 0.95% | 1.64% |
Portfolio Turnover | 5% (3) | 26% | 31% | 57% | 39% | 63% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
Class I | ||||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value — Beginning of period | $ 39.39 | $ 29.42 | $ 27.04 | $ 27.45 | $ 24.56 | $ 21.31 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.17 | $ 0.31 | $ 0.34 | $ 0.32 | $ 0.34 | $ 0.52 |
Net realized and unrealized gain (loss) | (0.90) | 10.57 | 2.57 | (0.02) | 3.27 | 3.17 |
Total income (loss) from operations | $ (0.73) | $ 10.88 | $ 2.91 | $ 0.30 | $ 3.61 | $ 3.69 |
Less Distributions | ||||||
From net investment income | $ (0.20) | $ (0.26) | $ (0.26) | $ (0.30) | $ (0.25) | $ (0.19) |
From net realized gain | (0.93) | (0.65) | (0.27) | (0.41) | (0.47) | (0.25) |
Total distributions | $ (1.13) | $ (0.91) | $ (0.53) | $ (0.71) | $ (0.72) | $ (0.44) |
Net asset value — End of period | $ 37.53 | $ 39.39 | $ 29.42 | $ 27.04 | $ 27.45 | $ 24.56 |
Total Return(2) | (2.01)% (3) | 37.49% | 10.91% | 1.30% | 14.96% | 17.50% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $332,196 | $262,918 | $83,065 | $49,221 | $46,812 | $21,075 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 0.40% (5) | 0.43% | 0.52% | 0.64% | 0.69% | 0.87% |
Net expenses | 0.24% (5) | 0.24% | 0.24% | 0.24% | 0.22% | 0.22% |
Net investment income | 0.85% (5) | 0.83% | 1.27% | 1.23% | 1.31% | 2.21% |
Portfolio Turnover | 5% (3) | 26% | 31% | 57% | 39% | 63% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
Class R6 | |
Period Ended March 31, 2022(1) (Unaudited) | |
Net asset value — Beginning of period | $ 37.87 |
Income (Loss) From Operations | |
Net investment income(2) | $ 0.07 |
Net realized and unrealized loss | (0.41) |
Total loss from operations | $ (0.34) |
Net asset value — End of period | $37.53 |
Total Return(3) | (0.92)% (4) |
Ratios/Supplemental Data | |
Net assets, end of period (000’s omitted) | $ 10 |
Ratios (as a percentage of average daily net assets):(5) | |
Total expenses | 0.36% (6) |
Net expenses | 0.20% (6) |
Net investment income | 1.22% (6) |
Portfolio Turnover | 5% (4)(7) |
(1) | For the period from the commencement of operations, February 1, 2022, to March 31, 2022. |
(2) | Computed using average shares outstanding. |
(3) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(4) | Not annualized. |
(5) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(6) | Annualized. |
(7) | For the six months ended March 31, 2022. |
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $389,344,909 (1) | $ — | $ — | $ 389,344,909 |
Short-Term Investments: | ||||
Affiliated Fund | — | 973,472 | — | 973,472 |
Securities Lending Collateral | 703,349 | — | — | 703,349 |
Total Investments | $ 390,048,258 | $973,472 | $ — | $391,021,730 |
(1) | The level classification by major category of investments is the same as the category presentation in the Schedule of Investments. |
Aggregate cost | $351,872,575 |
Gross unrealized appreciation | $ 56,008,899 |
Gross unrealized depreciation | (16,859,744) |
Net unrealized appreciation | $ 39,149,155 |
Remaining Contractual Maturity of the Transactions | |||||
Overnight and Continuous | <30 days | 30 to 90 days | >90 days | Total | |
Common Stocks | $703,349 | $ — | $ — | $ — | $703,349 |
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Units, end of period |
Short-Term Investments | ||||||||
Calvert Cash Reserves Fund, LLC | $410,422 | $68,760,033 | $(68,196,256) | $(686) | $(41) | $973,472 | $577 | 973,569 |
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, 2021 | ||||
Shares | Amount | Shares | Amount | ||
Class A | |||||
Shares sold | 428,992 | $ 16,989,870 | 963,338 | $ 35,900,100 | |
Reinvestment of distributions | 37,337 | 1,463,596 | 13,726 | 461,046 | |
Shares redeemed | (180,655) | (7,046,614) | (185,851) | (6,807,754) | |
Net increase | 285,674 | $ 11,406,852 | 791,213 | $ 29,553,392 | |
Class I | |||||
Shares sold | 2,939,703 | $112,530,708 | 4,507,346 | $ 169,543,986 | |
Reinvestment of distributions | 150,149 | 5,936,888 | 78,518 | 2,657,047 | |
Shares redeemed | (912,693) | (34,552,004) | (735,349) | (27,573,460) | |
Net increase | 2,177,159 | $ 83,915,592 | 3,850,515 | $144,627,573 | |
Class R6(1) | |||||
Shares sold | 264 | $ 10,000 | — | $ — | |
Net increase | 264 | $ 10,000 | — | $ — |
(1) | For the period from the commencement of operations, February 1, 2022, to March 31, 2022. |
Officers |
Hope L. Brown Chief Compliance Officer |
Deidre E. Walsh Vice President, Secretary and Chief Legal Officer |
James F. Kirchner Treasurer |
Directors |
Alice Gresham Bullock Chairperson |
Richard L. Baird, Jr. |
Cari M. Dominguez |
John G. Guffey, Jr. |
Miles D. Harper, III |
Joy V. Jones |
John H. Streur* |
Anthony A. Williams |
*Interested Director and President |
Privacy Notice | April 2021 |
FACTS | WHAT DOES EATON VANCE DO WITH YOUR PERSONAL INFORMATION? |
Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
What? | The types of personal information we collect and share depend on the product or service you have with us. This information can include:■ Social Security number and income ■ investment experience and risk tolerance ■ checking account number and wire transfer instructions |
How? | All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Eaton Vance chooses to share; and whether you can limit this sharing. |
Reasons we can share your personal information | Does Eaton Vance share? | Can you limit this sharing? |
For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes — to offer our products and services to you | Yes | No |
For joint marketing with other financial companies | No | We don’t share |
For our investment management affiliates’ everyday business purposes — information about your transactions, experiences, and creditworthiness | Yes | Yes |
For our affiliates’ everyday business purposes — information about your transactions and experiences | Yes | No |
For our affiliates’ everyday business purposes — information about your creditworthiness | No | We don’t share |
For our investment management affiliates to market to you | Yes | Yes |
For our affiliates to market to you | No | We don’t share |
For nonaffiliates to market to you | No | We don’t share |
To limit our sharing | Call toll-free 1-800-368-2745 or email: CRMPrivacy@calvert.comPlease note:If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. |
Questions? | Call toll-free 1-800-368-2745 or email: CRMPrivacy@calvert.com |
Privacy Notice — continued | April 2021 |
Who we are | |
Who is providing this notice? | Eaton Vance Management, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Global Advisors Limited, Eaton Vance Management’s Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, Eaton Vance and Calvert Fund Families and our investment advisory affiliates (“Eaton Vance”) (see Investment Management Affiliates definition below) |
What we do | |
How does Eaton Vance protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We have policies governing the proper handling of customer information by personnel and requiring third parties that provide support to adhere to appropriate security standards with respect to such information. |
How does Eaton Vance collect my personal information? | We collect your personal information, for example, when you■ open an account or make deposits or withdrawals from your account ■ buy securities from us or make a wire transfer ■ give us your contact informationWe also collect your personal information from others, such as credit bureaus, affiliates, or other companies. |
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Definitions | |
Investment Management Affiliates | Eaton Vance Investment Management Affiliates include registered investment advisers, registered broker- dealers, and registered and unregistered funds. Investment Management Affiliates does not include entities associated with Morgan Stanley Wealth Management, such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Affiliates | Companies related by common ownership or control. They can be financial and nonfinancial companies.■ Our affiliates include companies with a Morgan Stanley name and financial companies such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
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Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.■ Eaton Vance doesn’t jointly market. |
Other important information | |
Vermont: Except as permitted by law, we will not share personal information we collect about Vermont residents with Nonaffiliates unless you provide us with your written consent to share such information.California: Except as permitted by law, we will not share personal information we collect about California residents with Nonaffiliates and we will limit sharing such personal information with our Affiliates to comply with California privacy laws that apply to us. |
% Average Annual Total Returns1,2 | Class Inception Date | Performance Inception Date | Six Months | One Year | Five Years | Since Inception |
Class A at NAV | 10/30/2015 | 10/30/2015 | (4.53)% | (0.42)% | 7.83% | 6.98% |
Class A with 4.75% Maximum Sales Charge | — | — | (9.08) | (5.13) | 6.79 | 6.17 |
Class I at NAV | 10/30/2015 | 10/30/2015 | (4.42) | (0.15) | 8.13 | 7.30 |
Class R6 at NAV | 02/01/2019 | 10/30/2015 | (4.38) | (0.11) | 8.15 | 7.31 |
MSCI World ex USA Index | — | — | (1.82)% | 3.04% | 7.13% | 6.48% |
Calvert International Responsible Index | — | — | (4.01) | 0.90 | 8.50 | 7.49 |
% Total Annual Operating Expense Ratios3 | Class A | Class I | Class R6 |
Gross | 0.67% | 0.42% | 0.39% |
Net | 0.54 | 0.29 | 0.26 |
Top 10 Holdings (% of net assets)* | |
Taiwan Semiconductor Manufacturing Co., Ltd. | 2.6% |
Nestle S.A. | 2.0 |
Samsung Electronics Co., Ltd. | 1.7 |
ASML Holding NV | 1.5 |
Roche Holding AG PC | 1.5 |
Toyota Motor Corp. | 1.3 |
AstraZeneca PLC | 1.1 |
Novartis AG | 1.1 |
Linde PLC | 1.0 |
LVMH Moet Hennessy Louis Vuitton SE | 0.9 |
Total | 14.7% |
* | Excludes cash and cash equivalents. |
1 | MSCI World ex USA Index is an unmanaged index of equity securities in the developed markets, excluding the United States. MSCI indexes are net of foreign withholding taxes. Source: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI provides no warranties, has not prepared or approved this report, and has no liability hereunder. Calvert International Responsible Index (the “Calvert Index”) is composed of common stocks of large companies in developed markets, excluding the U.S. Large companies in developed markets are the 1,000 largest publicly traded companies, excluding real estate investment trusts and business development companies, in markets that Calvert Research and Management determines to be developed markets 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. The Calvert Principles of Responsible Investment serve as a framework for considering environmental, social and governance factors that may affect investment performance. Stocks are weighted in the Calvert Index based on their float-adjusted market capitalization, by country and by sector, subject to certain prescribed limits. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. |
2 | Total Returns at NAV do not include applicable sales charges. If sales charges were deducted, the returns would be lower. Total Returns shown with maximum sales charge reflect the stated maximum sales charge. Unless otherwise stated, performance does not reflect the deduction of taxes on Fund distributions or redemptions of Fund shares.Performance prior to the inception date of a class may be linked to the performance of an older class of the Fund. This linked performance is adjusted for any applicable sales charge, but is not adjusted for class expense differences. If adjusted for such differences, the performance would be different. The performance of Class R6 is linked to Class I. Performance since inception for an index, if presented, is the performance since the Fund’s or oldest share class’ inception, as applicable. Performance presented in the Financial Highlights included in the financial statements is not linked.Calvert Research and Management became the investment adviser to the Fund on December 31, 2016. Performance reflected prior to such date is that of the Fund’s former investment adviser. |
3 | Source: Fund prospectus. Net expense ratios reflect a contractual expense reimbursement that continues through 1/31/23. The expense ratios for the current reporting period can be found in the Financial Highlights section of this report. Performance reflects expenses waived and/or reimbursed, if applicable. Without such waivers and/or reimbursements, performance would have been lower. |
Beginning Account Value (10/1/21) | Ending Account Value (3/31/22) | Expenses Paid During Period* (10/1/21 – 3/31/22) | Annualized Expense Ratio | |
Actual | ||||
Class A | $1,000.00 | $ 954.70 | $2.63 ** | 0.54% |
Class I | $1,000.00 | $ 955.80 | $1.41 ** | 0.29% |
Class R6 | $1,000.00 | $ 956.20 | $1.27 ** | 0.26% |
Hypothetical | ||||
(5% return per year before expenses) | ||||
Class A | $1,000.00 | $1,022.24 | $2.72 ** | 0.54% |
Class I | $1,000.00 | $1,023.49 | $1.46 ** | 0.29% |
Class R6 | $1,000.00 | $1,023.64 | $1.31 ** | 0.26% |
* | Expenses are equal to the Fund's annualized expense ratio for the indicated Class, multiplied by the average account value over the period, multiplied by 182/365 (to reflect the one-half year period). The Example assumes that the $1,000 was invested at the net asset value per share determined at the close of business on September 30, 2021. |
** | Absent a waiver and/or reimbursement of expenses by an affiliate, expenses would be higher. |
Common Stocks — 99.1% |
Security | Shares | Value | |
Australia — 5.5% | |||
APA Group | 69,160 | $ 549,673 | |
ASX, Ltd. | 9,943 | 604,834 | |
Australia & New Zealand Banking Group, Ltd. | 137,523 | 2,817,984 | |
BlueScope Steel, Ltd. | 51,976 | 808,232 | |
Brambles, Ltd. | 81,245 | 599,559 | |
Cochlear, Ltd. | 3,664 | 611,745 | |
Coles Group, Ltd. | 81,556 | 1,090,032 | |
Commonwealth Bank of Australia | 70,040 | 5,515,816 | |
Computershare, Ltd. | 24,443 | 449,240 | |
CSL, Ltd. | 22,533 | 4,498,547 | |
Domino's Pizza Enterprises, Ltd. | 4,348 | 283,028 | |
Endeavour Group, Ltd. | 79,782 | 433,997 | |
Insurance Australia Group, Ltd. | 113,499 | 371,458 | |
Macquarie Group, Ltd. | 18,675 | 2,824,296 | |
Magellan Financial Group, Ltd.(1) | 4,082 | 48,290 | |
National Australia Bank, Ltd. | 150,620 | 3,626,158 | |
Qantas Airways, Ltd.(2) | 56,530 | 218,580 | |
QBE Insurance Group, Ltd. | 74,601 | 639,727 | |
Ramsay Health Care, Ltd. | 10,303 | 498,980 | |
REA Group, Ltd. | 2,544 | 255,034 | |
Reece, Ltd. | 13,514 | 190,271 | |
SEEK, Ltd. | 17,700 | 389,800 | |
Sonic Healthcare, Ltd. | 25,134 | 663,594 | |
Suncorp Group, Ltd. | 65,192 | 540,422 | |
Telstra Corp., Ltd. | 221,976 | 655,819 | |
TPG Telecom, Ltd. | 27,646 | 124,406 | |
Transurban Group | 172,009 | 1,737,970 | |
Wesfarmers, Ltd. | 70,317 | 2,638,615 | |
Westpac Banking Corp. | 171,663 | 3,101,361 | |
WiseTech Global, Ltd. | 9,095 | 342,325 | |
Woolworths Group, Ltd. | 77,215 | 2,143,860 | |
$ 39,273,653 | |||
Austria — 0.2% | |||
Erste Group Bank AG | 14,659 | $ 534,562 | |
Raiffeisen Bank International AG | 4,769 | 67,706 | |
Verbund AG | 3,030 | 319,980 | |
Voestalpine AG | 11,691 | 347,880 | |
$ 1,270,128 | |||
Belgium — 0.7% | |||
Ageas S.A./NV | 5,466 | $ 276,324 | |
Anheuser-Busch InBev S.A./NV | 35,613 | 2,129,233 | |
Colruyt S.A. | 1,557 | 64,451 | |
D'Ieteren Group | 906 | 152,555 |
Security | Shares | Value | |
Belgium (continued) | |||
Elia Group S.A./NV(1) | 1,052 | $ 160,505 | |
Groupe Bruxelles Lambert S.A. | 3,632 | 375,826 | |
KBC Group NV | 8,342 | 598,531 | |
Proximus S.A. | 3,652 | 68,005 | |
Sofina S.A. | 417 | 151,525 | |
Solvay S.A. | 2,508 | 247,177 | |
UCB S.A. | 4,181 | 500,035 | |
Umicore S.A. | 7,884 | 340,804 | |
$ 5,064,971 | |||
Canada — 9.7% | |||
Air Canada(2) | 18,211 | $ 353,251 | |
Algonquin Power & Utilities Corp.(1) | 34,728 | 538,636 | |
Alimentation Couche-Tard, Inc. | 49,214 | 2,217,120 | |
Bank of Montreal | 29,516 | 3,473,262 | |
Bank of Nova Scotia (The) | 53,587 | 3,840,655 | |
BCE, Inc. | 14,536 | 805,779 | |
Brookfield Asset Management Reinsurance Partners, Ltd., Class A | 334 | 19,068 | |
Brookfield Asset Management, Inc., Class A | 67,117 | 3,794,608 | |
BRP, Inc. | 2,389 | 195,607 | |
CAE, Inc.(2) | 16,702 | 434,734 | |
Canadian Imperial Bank of Commerce | 20,946 | 2,542,539 | |
Canadian National Railway Co. | 30,589 | 4,103,328 | |
Canadian Pacific Railway, Ltd. | 47,934 | 3,956,189 | |
Canadian Tire Corp., Ltd., Class A | 2,727 | 411,750 | |
CCL Industries, Inc., Class B | 7,417 | 334,615 | |
CGI, Inc.(2) | 10,725 | 854,380 | |
Constellation Software, Inc. | 1,001 | 1,711,104 | |
Dollarama, Inc. | 13,745 | 779,523 | |
Empire Co., Ltd. | 9,138 | 324,104 | |
FirstService Corp. | 2,088 | 302,022 | |
George Weston, Ltd. | 4,132 | 508,836 | |
GFL Environmental, Inc. | 9,953 | 323,712 | |
Gildan Activewear, Inc. | 7,981 | 299,347 | |
Great-West Lifeco, Inc. | 12,205 | 359,663 | |
Hydro One, Ltd.(3) | 16,616 | 447,648 | |
IGM Financial, Inc. | 4,844 | 171,147 | |
Intact Financial Corp. | 8,347 | 1,233,338 | |
Loblaw Cos., Ltd. | 9,257 | 830,661 | |
Magna International, Inc. | 14,496 | 932,238 | |
Manulife Financial Corp. | 91,566 | 1,952,685 | |
Metro, Inc. | 15,169 | 873,144 | |
National Bank of Canada | 15,815 | 1,212,296 | |
Northland Power, Inc. | 11,918 | 396,202 | |
Nutrien, Ltd. | 29,102 | 3,008,087 | |
Open Text Corp. | 13,155 | 557,810 | |
Power Corp. of Canada | 24,430 | 756,262 |
Security | Shares | Value | |
Canada (continued) | |||
Quebecor, Inc., Class B | 9,388 | $ 223,783 | |
Rogers Communications, Inc., Class B | 17,517 | 991,483 | |
Royal Bank of Canada | 55,124 | 6,069,086 | |
Saputo, Inc. | 14,344 | 339,740 | |
Shaw Communications, Inc., Class B | 20,860 | 647,417 | |
Shopify, Inc., Class A(2) | 5,038 | 3,405,487 | |
Sun Life Financial, Inc. | 27,406 | 1,530,168 | |
TELUS Corp. | 23,335 | 609,624 | |
TFI International, Inc. | 4,238 | 451,378 | |
Thomson Reuters Corp. | 8,775 | 952,710 | |
Toromont Industries, Ltd. | 4,317 | 409,237 | |
Toronto-Dominion Bank (The) | 71,500 | 5,672,987 | |
Waste Connections, Inc.(4) | 1,922 | 268,504 | |
Waste Connections, Inc.(4) | 11,466 | 1,603,488 | |
West Fraser Timber Co., Ltd. | 4,031 | 331,663 | |
WSP Global, Inc. | 6,218 | 825,204 | |
$ 69,187,309 | |||
China — 0.0%(5) | |||
Airtac International Group | 6,000 | $ 192,905 | |
$ 192,905 | |||
Denmark — 2.2% | |||
Ambu A/S, Class B | 6,568 | $ 96,688 | |
AP Moller - Maersk A/S, Class B | 313 | 940,554 | |
Ascendis Pharma A/S ADR(2) | 1,837 | 215,590 | |
Carlsberg A/S, Class B | 4,217 | 517,685 | |
Chr. Hansen Holding A/S | 4,821 | 353,991 | |
Coloplast A/S, Class B | 4,832 | 731,751 | |
Danske Bank A/S | 22,384 | 372,360 | |
Demant A/S(2) | 4,371 | 197,809 | |
DSV A/S | 7,327 | 1,404,260 | |
Genmab A/S(2) | 2,442 | 881,936 | |
GN Store Nord A/S | 3,970 | 194,595 | |
H Lundbeck A/S | 1,661 | 38,271 | |
Novo Nordisk A/S, Class B | 59,842 | 6,637,440 | |
Novozymes A/S, Class B | 7,555 | 518,002 | |
Orsted A/S(3) | 7,200 | 901,234 | |
Pandora A/S | 3,279 | 312,372 | |
ROCKWOOL International A/S, Class B | 541 | 178,589 | |
Tryg A/S | 13,664 | 332,236 | |
Vestas Wind Systems A/S | 35,773 | 1,049,394 | |
$ 15,874,757 | |||
Finland — 1.1% | |||
Elisa Oyj | 4,919 | $ 296,649 | |
Kesko Oyj, Class B | 14,280 | 394,272 |
Security | Shares | Value | |
Finland (continued) | |||
Kone Oyj, Class B | 11,828 | $ 618,960 | |
Metso Outotec Oyj | 28,190 | 237,633 | |
Neste Oyj | 42,133 | 1,920,976 | |
Nokia Oyj(2) | 208,916 | 1,150,504 | |
Nordea Bank Abp | 117,828 | 1,212,685 | |
Sampo Oyj, Class A | 16,912 | 826,391 | |
Stora Enso Oyj, Class R | 27,794 | 545,246 | |
UPM-Kymmene Oyj | 19,755 | 645,099 | |
Valmet Oyj | 5,179 | 160,748 | |
Wartsila Oyj Abp | 17,591 | 160,621 | |
$ 8,169,784 | |||
France — 8.4% | |||
Accor S.A.(2) | 7,714 | $ 248,539 | |
Air Liquide S.A. | 19,207 | 3,360,145 | |
Alstom S.A. | 10,659 | 249,409 | |
Amundi S.A.(3) | 2,563 | 175,260 | |
Arkema S.A. | 2,499 | 298,731 | |
Atos SE | 3,396 | 92,733 | |
AXA S.A. | 74,164 | 2,171,101 | |
BioMerieux | 1,531 | 163,405 | |
BNP Paribas S.A. | 38,965 | 2,226,641 | |
Bouygues S.A. | 9,333 | 325,759 | |
Bureau Veritas S.A. | 13,787 | 393,079 | |
Capgemini SE | 6,372 | 1,413,965 | |
Carrefour S.A. | 30,959 | 673,731 | |
Cie de Saint-Gobain | 33,411 | 1,987,966 | |
Cie Generale des Etablissements Michelin SCA | 6,937 | 940,071 | |
CNP Assurances | 4,175 | 100,511 | |
Credit Agricole S.A. | 50,473 | 603,079 | |
Danone S.A. | 30,020 | 1,658,393 | |
Dassault Systemes SE | 26,259 | 1,290,068 | |
Edenred | 11,429 | 565,105 | |
Eiffage S.A. | 3,115 | 319,699 | |
Engie S.A. | 75,189 | 988,510 | |
EssilorLuxottica S.A. | 11,586 | 2,118,970 | |
Eurazeo SE | 1,825 | 153,434 | |
Eurofins Scientific SE | 5,987 | 592,250 | |
Faurecia SE(1) | 4,839 | 125,856 | |
Getlink SE | 15,664 | 282,103 | |
Hermes International | 1,222 | 1,729,553 | |
Ipsen S.A. | 1,186 | 148,457 | |
JCDecaux (2) | 3,190 | 75,393 | |
Kering S.A. | 2,554 | 1,612,410 | |
Legrand S.A. | 10,730 | 1,020,170 | |
L'Oreal S.A. | 8,773 | 3,504,332 | |
LVMH Moet Hennessy Louis Vuitton SE | 9,392 | 6,703,997 |
Security | Shares | Value | |
France (continued) | |||
Orange S.A. | 74,165 | $ 878,091 | |
Orpea S.A. | 2,169 | 94,121 | |
Pernod Ricard S.A. | 9,354 | 2,055,176 | |
Publicis Groupe S.A. | 10,113 | 613,794 | |
Renault S.A.(2) | 7,836 | 204,833 | |
Rexel S.A. | 10,787 | 230,279 | |
Safran S.A. | 13,969 | 1,644,647 | |
Sanofi | 45,194 | 4,620,616 | |
Sartorius Stedim Biotech | 903 | 369,701 | |
Schneider Electric SE | 21,898 | 3,676,462 | |
SEB S.A. | 846 | 117,984 | |
Societe Generale S.A. | 30,449 | 816,256 | |
Sodexo S.A. | 4,173 | 339,582 | |
SOITEC (2) | 911 | 170,889 | |
Teleperformance | 2,290 | 872,256 | |
Thales S.A. | 4,263 | 533,879 | |
Ubisoft Entertainment S.A.(2) | 3,388 | 148,878 | |
Valeo | 9,007 | 166,368 | |
Veolia Environnement S.A. | 29,144 | 934,458 | |
Vinci S.A. | 20,717 | 2,116,710 | |
Vivendi SE | 34,831 | 455,050 | |
Wendel SE | 814 | 82,893 | |
Worldline S.A.(2)(3) | 9,540 | 414,037 | |
$ 59,869,785 | |||
Germany — 6.4% | |||
adidas AG | 7,121 | $ 1,659,377 | |
Allianz SE | 16,317 | 3,896,632 | |
Aroundtown S.A. | 43,811 | 250,352 | |
Bayerische Motoren Werke AG | 14,151 | 1,222,894 | |
Bechtle AG | 3,003 | 169,070 | |
Beiersdorf AG | 3,592 | 377,354 | |
Brenntag SE | 7,069 | 569,984 | |
Carl Zeiss Meditec AG | 1,767 | 284,623 | |
Commerzbank AG(2) | 37,623 | 285,894 | |
Continental AG(2) | 4,940 | 354,130 | |
Covestro AG(3) | 8,192 | 412,511 | |
CTS Eventim AG & Co. KGaA(2) | 2,415 | 164,020 | |
Daimler Truck Holding AG(2) | 19,548 | 542,163 | |
Delivery Hero SE(2)(3) | 6,862 | 299,072 | |
Deutsche Boerse AG | 7,409 | 1,333,699 | |
Deutsche Lufthansa AG(2) | 23,500 | 189,515 | |
Deutsche Post AG | 45,291 | 2,162,730 | |
Deutsche Telekom AG | 139,733 | 2,602,405 | |
DWS Group GmbH & Co. KGaA(3) | 746 | 27,264 | |
Evonik Industries AG | 9,044 | 250,903 | |
Evotec SE(2) | 6,914 | 208,060 |
Security | Shares | Value | |
Germany (continued) | |||
Fielmann AG | 992 | $ 54,021 | |
Fraport AG Frankfurt Airport Services Worldwide(2) | 1,848 | 102,441 | |
Fresenius Medical Care AG & Co. KGaA | 8,779 | 588,288 | |
Fresenius SE & Co. KGaA | 18,946 | 695,630 | |
FUCHS PETROLUB SE | 5,567 | 158,257 | |
GEA Group AG | 6,939 | 284,411 | |
Hannover Rueck SE | 2,324 | 394,797 | |
HeidelbergCement AG | 15,568 | 882,304 | |
Hella GmbH & Co. KGaA | 1,943 | 124,908 | |
HelloFresh SE(2) | 6,732 | 302,157 | |
Henkel AG & Co. KGaA | 4,058 | 267,847 | |
Infineon Technologies AG | 54,991 | 1,860,346 | |
KION Group AG | 3,562 | 234,761 | |
Knorr-Bremse AG | 2,564 | 196,548 | |
Lanxess AG | 3,931 | 172,564 | |
LEG Immobilien SE | 3,216 | 366,232 | |
Mercedes-Benz Group AG | 36,775 | 2,581,218 | |
Merck KGaA | 5,562 | 1,161,537 | |
MTU Aero Engines AG | 2,422 | 560,160 | |
Muenchener Rueckversicherungs-Gesellschaft AG | 5,570 | 1,489,082 | |
Nemetschek SE | 2,636 | 253,145 | |
Puma SE | 3,739 | 317,972 | |
Rational AG | 268 | 184,578 | |
RTL Group S.A. | 1,167 | 64,702 | |
SAP SE | 45,021 | 4,989,593 | |
Schaeffler AG, PFC Shares | 2,570 | 15,857 | |
Scout24 SE(3) | 4,026 | 229,531 | |
Siemens AG | 33,905 | 4,694,732 | |
Siemens Energy AG(2) | 18,779 | 427,236 | |
Siemens Healthineers AG(3) | 11,385 | 705,537 | |
Symrise AG | 5,941 | 712,282 | |
Talanx AG | 1,695 | 74,674 | |
TeamViewer AG(2)(3) | 5,343 | 78,902 | |
Telefonica Deutschland Holding AG(3) | 48,603 | 132,190 | |
thyssenkrupp AG(2) | 40,878 | 349,401 | |
TUI AG(2) | 50,692 | 160,255 | |
Uniper SE | 3,536 | 91,350 | |
United Internet AG | 3,162 | 108,514 | |
Vitesco Technologies Group AG(2) | 735 | 29,157 | |
Volkswagen AG | 1,283 | 316,926 | |
Vonovia SE | 34,875 | 1,625,537 | |
Wacker Chemie AG | 866 | 147,392 | |
Zalando SE(2)(3) | 9,212 | 466,442 | |
$ 45,916,066 | |||
Hong Kong — 2.3% | |||
AIA Group, Ltd. | 486,983 | $ 5,085,017 |
Security | Shares | Value | |
Hong Kong (continued) | |||
BOC Hong Kong Holdings, Ltd. | 153,850 | $ 578,904 | |
Chow Tai Fook Jewellery Group, Ltd. | 88,600 | 160,021 | |
CK Asset Holdings, Ltd. | 100,000 | 683,543 | |
ESR Cayman, Ltd.(2)(3) | 148,400 | 459,876 | |
Fosun International, Ltd. | 209,000 | 225,894 | |
Hang Lung Properties, Ltd. | 98,000 | 197,526 | |
Hang Seng Bank, Ltd. | 31,079 | 597,734 | |
Henderson Land Development Co., Ltd. | 71,355 | 296,196 | |
HKT Trust & HKT, Ltd. | 172,000 | 235,839 | |
Hong Kong Exchanges & Clearing, Ltd. | 52,499 | 2,460,802 | |
Hongkong Land Holdings, Ltd. | 62,000 | 302,926 | |
Man Wah Holdings, Ltd. | 51,200 | 55,384 | |
MTR Corp., Ltd. | 70,876 | 381,686 | |
New World Development Co., Ltd. | 71,250 | 289,072 | |
Orient Overseas International, Ltd. | 6,000 | 158,054 | |
Shenzhou International Group Holdings, Ltd. | 36,200 | 477,913 | |
Sino Land Co., Ltd. | 126,000 | 162,466 | |
Sun Hung Kai Properties, Ltd. | 81,801 | 973,225 | |
Swire Pacific, Ltd., Class A | 34,393 | 209,148 | |
Swire Properties, Ltd. | 49,200 | 121,583 | |
Techtronic Industries Co., Ltd. | 57,993 | 929,133 | |
WH Group, Ltd.(3) | 438,541 | 275,384 | |
Wharf Holdings, Ltd. (The) | 68,779 | 209,494 | |
Wharf Real Estate Investment Co., Ltd.(1) | 80,000 | 395,381 | |
Xinyi Glass Holdings, Ltd. | 276,000 | 661,756 | |
$ 16,583,957 | |||
Ireland — 1.6% | |||
AIB Group PLC | 18,337 | $ 40,389 | |
Aon PLC, Class A | 9,816 | 3,196,384 | |
Bank of Ireland Group PLC(2) | 32,654 | 207,651 | |
CRH PLC | 50,230 | 2,003,430 | |
DCC PLC | 10,991 | 851,077 | |
ICON PLC(2) | 2,819 | 685,637 | |
James Hardie Industries PLC CDI | 47,628 | 1,428,749 | |
Kerry Group PLC, Class A | 6,943 | 775,725 | |
Kingspan Group PLC | 16,309 | 1,594,152 | |
Smurfit Kappa Group PLC | 8,892 | 395,275 | |
$ 11,178,469 | |||
Israel — 0.4% | |||
Azrieli Group, Ltd. | 3,586 | $ 315,049 | |
Bank Hapoalim B.M. | 47,283 | 468,131 | |
Bank Leumi Le-Israel B.M. | 55,108 | 593,662 | |
Check Point Software Technologies, Ltd.(2) | 4,499 | 622,032 | |
Fiverr International, Ltd.(1)(2) | 1,059 | 80,558 | |
Mizrahi Tefahot Bank, Ltd. | 6,119 | 238,960 |
Security | Shares | Value | |
Israel (continued) | |||
Nice, Ltd.(2) | 2,674 | $ 584,873 | |
Wix.com, Ltd.(2) | 2,136 | 223,126 | |
$ 3,126,391 | |||
Italy — 1.8% | |||
A2A SpA | 77,405 | $ 132,577 | |
Amplifon SpA | 7,329 | 326,176 | |
Assicurazioni Generali SpA | 51,901 | 1,187,087 | |
Banca Mediolanum SpA | 8,796 | 74,745 | |
De' Longhi SpA | 4,147 | 112,182 | |
DiaSorin SpA | 1,327 | 207,268 | |
Enel SpA | 412,453 | 2,753,845 | |
FinecoBank Banca Fineco SpA | 29,268 | 443,998 | |
Hera SpA | 48,247 | 177,749 | |
Infrastrutture Wireless Italiane SpA(3) | 17,407 | 194,858 | |
Interpump Group SpA | 3,366 | 168,669 | |
Intesa Sanpaolo SpA | 812,617 | 1,859,889 | |
Mediobanca Banca di Credito Finanziario SpA | 35,129 | 354,996 | |
Moncler SpA | 10,120 | 561,476 | |
Poste Italiane SpA(3) | 24,116 | 273,490 | |
PRADA SpA | 21,000 | 133,018 | |
Prysmian SpA | 15,648 | 531,033 | |
Recordati Industria Chimica e Farmaceutica SpA | 5,927 | 297,176 | |
Snam SpA | 118,996 | 686,196 | |
Telecom Italia SpA | 498,725 | 183,095 | |
Terna - Rete Elettrica Nazionale(1) | 78,853 | 677,132 | |
UniCredit SpA | 106,555 | 1,149,488 | |
UnipolSai Assicurazioni SpA | 13,800 | 40,797 | |
$ 12,526,940 | |||
Japan — 16.6% | |||
Acom Co., Ltd. | 15,000 | $ 39,008 | |
Advantest Corp.(1) | 8,000 | 624,591 | |
Aeon Co., Ltd. | 25,979 | 553,937 | |
AGC, Inc. | 19,655 | 785,323 | |
Aisin Corp. | 8,500 | 290,510 | |
Ajinomoto Co., Inc. | 23,008 | 653,031 | |
ANA Holdings, Inc.(2) | 5,956 | 124,499 | |
Asahi Group Holdings, Ltd. | 23,900 | 870,449 | |
Asahi Kasei Corp. | 56,600 | 489,564 | |
Astellas Pharma, Inc. | 77,071 | 1,204,225 | |
Bandai Namco Holdings, Inc. | 7,875 | 597,157 | |
Bridgestone Corp. | 24,800 | 962,631 | |
Canon, Inc. | 40,168 | 979,055 | |
Capcom Co., Ltd. | 6,300 | 152,739 | |
Central Japan Railway Co. | 9,567 | 1,247,473 | |
Chugai Pharmaceutical Co., Ltd. | 27,756 | 926,173 |
Security | Shares | Value | |
Japan (continued) | |||
CyberAgent, Inc. | 22,500 | $ 278,429 | |
Dai Nippon Printing Co., Ltd. | 9,329 | 218,720 | |
Daifuku Co., Ltd. | 4,700 | 335,352 | |
Dai-ichi Life Holdings, Inc. | 37,794 | 768,004 | |
Daiichi Sankyo Co., Ltd. | 73,039 | 1,594,951 | |
Daikin Industries, Ltd. | 10,700 | 1,943,161 | |
Daito Trust Construction Co., Ltd. | 2,900 | 307,819 | |
Daiwa House Industry Co., Ltd. | 22,792 | 594,157 | |
Daiwa Securities Group, Inc. | 62,800 | 355,241 | |
Denso Corp. | 23,947 | 1,527,821 | |
Dentsu Group, Inc. | 9,200 | 375,970 | |
Disco Corp. | 1,400 | 391,492 | |
East Japan Railway Co. | 13,026 | 753,913 | |
Eisai Co., Ltd.(1) | 10,025 | 464,444 | |
FANUC Corp. | 9,151 | 1,606,090 | |
Fast Retailing Co., Ltd. | 2,242 | 1,149,377 | |
Fuji Electric Co., Ltd. | 5,100 | 254,188 | |
Fujitsu, Ltd. | 8,148 | 1,220,780 | |
GMO Payment Gateway, Inc. | 1,600 | 163,002 | |
Hamamatsu Photonics K.K. | 6,421 | 341,037 | |
Hankyu Hanshin Holdings, Inc. | 9,100 | 263,006 | |
Hikari Tsushin, Inc. | 600 | 68,212 | |
Hitachi Construction Machinery Co., Ltd. | 4,400 | 114,008 | |
Hitachi Metals, Ltd.(2) | 14,500 | 242,589 | |
HOYA Corp. | 16,287 | 1,856,032 | |
Hulic Co., Ltd. | 15,700 | 140,851 | |
Ibiden Co., Ltd. | 4,100 | 199,883 | |
Iida Group Holdings Co., Ltd. | 7,100 | 122,411 | |
Isuzu Motors, Ltd. | 25,400 | 328,118 | |
Itochu Techno-Solutions Corp. | 2,900 | 74,079 | |
Japan Exchange Group, Inc. | 19,300 | 358,360 | |
JSR Corp. | 7,600 | 223,804 | |
Kajima Corp. | 16,900 | 205,617 | |
Kansai Paint Co., Ltd. | 6,400 | 102,746 | |
Kao Corp. | 18,063 | 737,524 | |
KDDI Corp. | 66,118 | 2,167,786 | |
Keio Corp. | 5,923 | 230,881 | |
Keyence Corp. | 8,400 | 3,895,100 | |
Kikkoman Corp. | 7,009 | 464,250 | |
Kintetsu Group Holdings Co., Ltd. | 8,405 | 240,592 | |
Kobayashi Pharmaceutical Co., Ltd. | 2,400 | 192,295 | |
Komatsu, Ltd. | 40,946 | 983,748 | |
Kose Corp. | 1,331 | 139,257 | |
Kubota Corp. | 43,694 | 819,011 | |
Kyowa Kirin Co., Ltd. | 9,606 | 223,473 | |
Lixil Corp. | 9,900 | 184,296 | |
M3, Inc. | 17,600 | 635,641 |
Security | Shares | Value | |
Japan (continued) | |||
Makita Corp. | 8,892 | $ 284,514 | |
MEIJI Holdings Co., Ltd. | 7,971 | 432,283 | |
Mercari, Inc.(2) | 3,900 | 100,675 | |
MINEBEA MITSUMI, Inc. | 13,200 | 287,495 | |
MISUMI Group, Inc. | 13,900 | 413,814 | |
Mitsubishi Chemical Holdings Corp. | 59,060 | 392,792 | |
Mitsubishi Electric Corp. | 82,107 | 941,672 | |
Mitsubishi Estate Co., Ltd. | 65,508 | 975,444 | |
Mitsubishi HC Capital, Inc. | 29,900 | 138,931 | |
Mitsubishi Heavy Industries, Ltd. | 13,600 | 446,435 | |
Mitsubishi UFJ Financial Group, Inc.(6) | 524,257 | 3,240,505 | |
Mitsui Chemicals, Inc. | 7,000 | 175,977 | |
Mitsui Fudosan Co., Ltd. | 38,500 | 823,989 | |
Mizuho Financial Group, Inc. | 95,358 | 1,216,326 | |
MS&AD Insurance Group Holdings, Inc. | 16,000 | 519,487 | |
Murata Manufacturing Co., Ltd. | 23,553 | 1,551,502 | |
Nidec Corp. | 18,280 | 1,443,810 | |
Nihon M&A Center Holdings, Inc. | 10,700 | 149,671 | |
Nintendo Co., Ltd. | 4,629 | 2,336,543 | |
NIPPON EXPRESS HOLDINGS, Inc. | 3,694 | 253,781 | |
Nippon Paint Holdings Co., Ltd. | 34,345 | 300,908 | |
Nippon Telegraph & Telephone Corp. | 53,940 | 1,567,167 | |
Nippon Yusen KK | 6,700 | 586,078 | |
Nissan Chemical Corp. | 5,200 | 305,020 | |
Nissin Foods Holdings Co., Ltd. | 2,799 | 196,252 | |
Nitori Holdings Co., Ltd. | 3,068 | 385,993 | |
Nitto Denko Corp. | 5,786 | 414,787 | |
Nomura Holdings, Inc. | 112,000 | 471,046 | |
Nomura Research Institute, Ltd. | 13,800 | 450,256 | |
NTT Data Corp. | 26,935 | 529,334 | |
Obic Co., Ltd. | 2,700 | 404,397 | |
Odakyu Electric Railway Co., Ltd. | 16,446 | 272,588 | |
Olympus Corp. | 52,200 | 989,325 | |
Omron Corp. | 7,782 | 517,881 | |
Ono Pharmaceutical Co., Ltd. | 15,522 | 389,065 | |
Oracle Corp. Japan | 1,026 | 71,099 | |
Oriental Land Co., Ltd. | 9,297 | 1,779,495 | |
ORIX Corp. | 49,767 | 991,983 | |
Osaka Gas Co., Ltd. | 16,900 | 289,601 | |
Otsuka Corp. | 4,388 | 155,582 | |
Otsuka Holdings Co., Ltd. | 17,020 | 588,003 | |
Pan Pacific International Holdings Corp. | 14,468 | 231,495 | |
Panasonic Corp. | 93,800 | 910,993 | |
Rakuten Group, Inc. | 36,149 | 284,230 | |
Recruit Holdings Co., Ltd. | 68,479 | 2,975,208 | |
Renesas Electronics Corp.(2) | 60,400 | 699,853 | |
Resona Holdings, Inc. | 91,633 | 390,296 |
Security | Shares | Value | |
Japan (continued) | |||
Ricoh Co., Ltd. | 34,584 | $ 299,489 | |
Rohm Co., Ltd. | 3,576 | 277,640 | |
Secom Co., Ltd. | 10,300 | 745,121 | |
Seiko Epson Corp. | 10,800 | 162,247 | |
Sekisui Chemical Co., Ltd. | 19,172 | 274,714 | |
Sekisui House, Ltd. | 27,570 | 533,291 | |
SG Holdings Co., Ltd. | 21,400 | 402,978 | |
Sharp Corp. | 10,499 | 98,002 | |
Shimadzu Corp. | 9,626 | 331,081 | |
Shimano, Inc. | 2,772 | 634,811 | |
Shin-Etsu Chemical Co., Ltd. | 15,837 | 2,406,166 | |
Shionogi & Co., Ltd. | 10,754 | 660,762 | |
Shiseido Co., Ltd. | 15,497 | 782,729 | |
SMC Corp. | 2,532 | 1,415,373 | |
SoftBank Corp. | 124,100 | 1,447,391 | |
SoftBank Group Corp. | 50,090 | 2,239,505 | |
Sompo Holdings, Inc. | 11,637 | 511,335 | |
Sony Group Corp. | 53,400 | 5,493,559 | |
Subaru Corp. | 28,300 | 449,488 | |
SUMCO Corp. | 13,800 | 225,836 | |
Sumitomo Chemical Co., Ltd. | 65,800 | 301,286 | |
Sumitomo Dainippon Pharma Co., Ltd. | 5,400 | 53,275 | |
Sumitomo Electric Industries, Ltd. | 33,473 | 397,903 | |
Sumitomo Mitsui Financial Group, Inc. | 53,053 | 1,675,857 | |
Sumitomo Mitsui Trust Holdings, Inc. | 12,316 | 400,820 | |
Suntory Beverage & Food, Ltd. | 6,600 | 251,560 | |
Sysmex Corp. | 7,626 | 552,332 | |
T&D Holdings, Inc. | 21,219 | 288,111 | |
Takeda Pharmaceutical Co., Ltd. | 66,252 | 1,887,666 | |
TDK Corp. | 16,142 | 582,358 | |
Terumo Corp. | 27,546 | 833,500 | |
TIS, Inc. | 9,300 | 217,644 | |
Toho Co., Ltd. | 5,900 | 222,960 | |
Tokyo Century Corp. | 2,400 | 87,986 | |
Tokyo Electron, Ltd. | 6,526 | 3,351,499 | |
Tokyo Gas Co., Ltd. | 17,100 | 313,053 | |
Tokyu Corp. | 20,832 | 270,273 | |
Toray Industries, Inc. | 59,550 | 309,634 | |
TOTO, Ltd. | 5,164 | 207,389 | |
Toyota Industries Corp. | 5,775 | 398,321 | |
Toyota Motor Corp. | 514,615 | 9,282,623 | |
Trend Micro, Inc. | 5,293 | 309,101 | |
Unicharm Corp. | 18,002 | 646,738 | |
West Japan Railway Co. | 8,810 | 365,050 | |
Yakult Honsha Co., Ltd. | 5,686 | 303,313 | |
Yamaha Corp. | 5,944 | 258,303 | |
Yamaha Motor Co., Ltd. | 13,725 | 307,628 |
Security | Shares | Value | |
Japan (continued) | |||
Yaskawa Electric Corp. | 11,500 | $ 448,212 | |
Z Holdings Corp. | 122,600 | 530,011 | |
ZOZO, Inc. | 3,400 | 90,798 | |
$118,168,186 | |||
Netherlands — 4.7% | |||
Aalberts NV | 3,884 | $ 201,293 | |
ABN AMRO Bank NV(1)(3) | 16,992 | 216,985 | |
Adyen NV(2)(3) | 1,258 | 2,491,712 | |
Aegon NV | 67,823 | 359,539 | |
AerCap Holdings NV(2) | 5,487 | 275,886 | |
Akzo Nobel NV | 7,742 | 665,210 | |
Argenx SE(2)(4) | 1,850 | 578,812 | |
Argenx SE(2)(4) | 152 | 47,556 | |
ASM International NV | 1,938 | 705,687 | |
ASML Holding NV | 15,634 | 10,446,974 | |
BE Semiconductor Industries NV | 3,494 | 297,840 | |
Euronext NV(3) | 3,949 | 358,757 | |
IMCD NV | 2,500 | 426,481 | |
ING Groep NV | 149,312 | 1,558,955 | |
JDE Peet's NV | 4,622 | 132,344 | |
Just Eat Takeaway.com NV(2)(3) | 10,535 | 353,322 | |
Koninklijke Ahold Delhaize NV | 51,326 | 1,650,926 | |
Koninklijke DSM NV | 7,435 | 1,330,075 | |
Koninklijke KPN NV | 140,890 | 488,885 | |
Koninklijke Philips NV | 37,205 | 1,134,518 | |
NN Group NV | 10,074 | 510,538 | |
NXP Semiconductors NV | 10,788 | 1,996,643 | |
Prosus NV | 36,548 | 1,970,954 | |
QIAGEN NV(2) | 9,449 | 463,001 | |
Randstad NV | 4,802 | 288,864 | |
Signify NV(3) | 4,722 | 219,655 | |
STMicroelectronics NV(4) | 13,134 | 570,856 | |
STMicroelectronics NV(4) | 12,473 | 540,088 | |
Universal Music Group NV | 63,320 | 1,690,271 | |
Wolters Kluwer NV | 12,185 | 1,298,998 | |
$ 33,271,625 | |||
New Zealand — 0.2% | |||
Auckland International Airport, Ltd.(2) | 45,997 | $ 248,872 | |
Fisher & Paykel Healthcare Corp., Ltd. | 21,140 | 354,733 | |
Mercury NZ, Ltd. | 33,673 | 138,232 | |
Meridian Energy, Ltd. | 38,267 | 133,325 | |
Xero, Ltd.(2) | 4,243 | 321,567 | |
$ 1,196,729 |
Security | Shares | Value | |
Norway — 0.8% | |||
Adevinta ASA(2) | 12,592 | $ 114,955 | |
DNB Bank ASA | 43,066 | 973,676 | |
Gjensidige Forsikring ASA | 8,816 | 218,612 | |
Mowi ASA | 25,939 | 698,690 | |
Norsk Hydro ASA | 140,927 | 1,369,229 | |
Orkla ASA | 48,541 | 431,262 | |
Salmar ASA | 3,597 | 284,340 | |
Schibsted ASA, Class A | 8,918 | 219,806 | |
Telenor ASA | 34,141 | 489,907 | |
Tomra Systems ASA | 5,554 | 283,332 | |
Yara International ASA | 7,487 | 374,414 | |
$ 5,458,223 | |||
Portugal — 0.1% | |||
EDP - Energias de Portugal S.A. | 127,586 | $ 627,964 | |
Jeronimo Martins SGPS S.A. | 16,145 | 387,317 | |
$ 1,015,281 | |||
Singapore — 1.0% | |||
DBS Group Holdings, Ltd. | 77,829 | $ 2,039,291 | |
Flex, Ltd.(2) | 25,096 | 465,531 | |
Oversea-Chinese Banking Corp., Ltd. | 140,171 | 1,271,610 | |
Singapore Airlines, Ltd.(2) | 74,156 | 298,862 | |
Singapore Exchange, Ltd. | 37,800 | 277,015 | |
Singapore Technologies Engineering, Ltd. | 94,000 | 284,731 | |
Singapore Telecommunications, Ltd. | 534,912 | 1,038,665 | |
United Overseas Bank, Ltd. | 54,159 | 1,267,212 | |
$ 6,942,917 | |||
South Korea — 3.7% | |||
Amorepacific Corp. | 1,608 | $ 210,791 | |
CJ CheilJedang Corp. | 531 | 160,973 | |
Doosan Heavy Industries & Construction Co., Ltd.(2) | 13,735 | 228,620 | |
Hana Financial Group, Inc. | 12,433 | 494,500 | |
Hanon Systems | 5,026 | 48,635 | |
HMM Co., Ltd. | 15,012 | 357,609 | |
HYBE Co., Ltd.(2) | 883 | 223,155 | |
Hyundai Mobis Co., Ltd. | 2,934 | 517,119 | |
Hyundai Motor Co. | 6,688 | 986,753 | |
Industrial Bank of Korea | 7,269 | 64,595 | |
Kakao Corp. | 12,711 | 1,104,821 | |
KB Financial Group, Inc. | 15,822 | 792,902 | |
Kia Corp. | 11,947 | 723,608 | |
KT Corp. | 3,517 | 103,015 | |
LG Chem, Ltd. | 2,374 | 1,037,358 | |
LG Display Co., Ltd. | 10,621 | 179,040 | |
LG Electronics, Inc. | 5,319 | 523,194 |
Security | Shares | Value | |
South Korea (continued) | |||
LG Household & Health Care, Ltd. | 383 | $ 270,173 | |
Lotte Chemical Corp. | 725 | 124,432 | |
NAVER Corp. | 6,013 | 1,671,187 | |
Netmarble Corp.(3) | 635 | 58,029 | |
Samsung C&T Corp. | 3,853 | 359,756 | |
Samsung Electro-Mechanics Co., Ltd. | 2,519 | 339,171 | |
Samsung Electronics Co., Ltd. | 209,090 | 11,964,750 | |
Samsung SDS Co., Ltd. | 1,474 | 167,226 | |
Shinhan Financial Group Co., Ltd. | 16,087 | 546,455 | |
SK Biopharmaceuticals Co., Ltd.(2) | 830 | 61,133 | |
SK Hynix, Inc. | 23,174 | 2,229,319 | |
SK Square Co., Ltd.(2) | 4,243 | 197,352 | |
SK Telecom Co., Ltd. | 1,040 | 48,629 | |
Woori Financial Group, Inc. | 22,071 | 276,631 | |
$ 26,070,931 | |||
Spain — 2.0% | |||
Acciona S.A. | 940 | $ 179,667 | |
Aena SME S.A.(2)(3) | 3,186 | 531,107 | |
Amadeus IT Group S.A.(2) | 17,554 | 1,141,327 | |
Banco Bilbao Vizcaya Argentaria S.A.(1) | 232,258 | 1,326,176 | |
Banco Santander S.A. | 617,168 | 2,098,325 | |
CaixaBank S.A. | 157,574 | 534,472 | |
Cellnex Telecom S.A.(3) | 21,006 | 1,010,901 | |
EDP Renovaveis S.A. | 8,982 | 230,934 | |
Enagas S.A. | 26,319 | 584,447 | |
Ferrovial S.A. | 20,239 | 538,253 | |
Grifols S.A.(1) | 18,476 | 335,351 | |
Iberdrola S.A. | 260,470 | 2,846,929 | |
Industria de Diseno Textil S.A. | 38,833 | 846,752 | |
International Consolidated Airlines Group S.A.(1)(2) | 195,546 | 362,708 | |
Mapfre S.A. | 30,543 | 63,884 | |
Naturgy Energy Group S.A. | 12,695 | 380,335 | |
Red Electrica Corp. S.A. | 17,906 | 367,628 | |
Siemens Gamesa Renewable Energy S.A.(1)(2) | 8,192 | 143,681 | |
Telefonica S.A. | 206,965 | 1,003,006 | |
$ 14,525,883 | |||
Sweden — 3.0% | |||
Alfa Laval AB | 12,470 | $ 428,936 | |
Assa Abloy AB, Class B | 43,239 | 1,162,246 | |
Atlas Copco AB, Class A | 42,450 | 2,203,407 | |
Boliden AB | 28,440 | 1,434,661 | |
Castellum AB | 12,104 | 298,845 | |
Electrolux AB, Class B | 10,084 | 152,596 | |
Epiroc AB, Class A | 39,899 | 853,394 | |
EQT AB | 12,656 | 493,562 |
Security | Shares | Value | |
Sweden (continued) | |||
Essity AB, Class B | 24,838 | $ 586,152 | |
Fastighets AB Balder, Class B(2) | 5,022 | 330,649 | |
H & M Hennes & Mauritz AB, Class B | 15,539 | 208,652 | |
Hexagon AB, Class B | 90,397 | 1,266,534 | |
Holmen AB, Class B | 4,515 | 252,021 | |
Husqvarna AB, Class B | 19,098 | 199,225 | |
Industrivarden AB, Class A | 10,577 | 299,973 | |
Indutrade AB | 11,107 | 279,332 | |
Investment AB Latour, Class B | 5,932 | 188,324 | |
Investor AB, Class B | 92,500 | 2,009,862 | |
Kinnevik AB, Class B(2) | 9,659 | 251,869 | |
L E Lundbergforetagen AB, Class B | 2,909 | 147,639 | |
Lifco AB, Class B | 8,996 | 228,369 | |
Nibe Industrier AB, Class B | 69,869 | 774,466 | |
Sagax AB, Class B | 8,133 | 246,796 | |
Sandvik AB | 47,885 | 1,017,212 | |
Skandinaviska Enskilda Banken AB, Class A | 67,457 | 729,267 | |
Skanska AB, Class B | 13,438 | 300,638 | |
SKF AB, Class B | 19,064 | 310,857 | |
Spotify Technology S.A.(2) | 5,825 | 879,691 | |
Svenska Cellulosa AB SCA, Class B | 26,720 | 518,840 | |
Svenska Handelsbanken AB, Class A(1) | 54,945 | 505,243 | |
Sweco AB, Class B | 7,432 | 108,051 | |
Swedbank AB, Class A(1) | 39,799 | 594,423 | |
Tele2 AB, Class B | 20,913 | 316,116 | |
Telia Co. AB | 91,182 | 365,613 | |
Trelleborg AB, Class B | 9,924 | 229,764 | |
Volvo AB, Class B | 75,690 | 1,412,023 | |
$ 21,585,248 | |||
Switzerland — 8.9% | |||
ABB, Ltd. | 68,485 | $ 2,221,701 | |
Adecco Group AG | 7,319 | 332,001 | |
Alcon, Inc. | 20,073 | 1,590,302 | |
Bachem Holding AG, Class B | 245 | 134,834 | |
Baloise Holding AG | 1,582 | 282,540 | |
Banque Cantonale Vaudoise | 787 | 68,090 | |
Barry Callebaut AG | 180 | 422,001 | |
Chocoladefabriken Lindt & Spruengli AG PC | 55 | 654,605 | |
Cie Financiere Richemont S.A. | 17,575 | 2,227,715 | |
Clariant AG | 7,779 | 134,989 | |
Coca-Cola HBC AG | 7,686 | 160,298 | |
EMS-Chemie Holding AG | 259 | 251,697 | |
Garmin, Ltd. | 6,034 | 715,693 | |
Geberit AG | 1,197 | 737,898 | |
Givaudan S.A. | 379 | 1,566,383 | |
Julius Baer Group, Ltd. | 7,555 | 437,393 |
Security | Shares | Value | |
Switzerland (continued) | |||
Kuehne + Nagel International AG | 2,051 | $ 582,339 | |
Logitech International S.A. | 6,707 | 498,546 | |
Lonza Group AG | 2,893 | 2,096,277 | |
Nestle S.A. | 107,785 | 14,014,062 | |
Novartis AG | 86,374 | 7,582,903 | |
Partners Group Holding AG | 770 | 953,415 | |
Roche Holding AG PC | 26,307 | 10,408,672 | |
Schindler Holding AG | 925 | 197,106 | |
SGS S.A. | 268 | 745,078 | |
SIG Combibloc Group AG | 14,495 | 365,417 | |
Sika AG | 5,843 | 1,933,178 | |
Sonova Holding AG | 2,036 | 850,515 | |
Straumann Holding AG | 404 | 645,061 | |
Swatch Group AG (The) | 1,089 | 308,757 | |
Swiss Life Holding AG | 1,152 | 738,208 | |
Swiss Prime Site AG | 3,251 | 320,629 | |
Swiss Re AG | 10,497 | 999,251 | |
Swisscom AG | 930 | 558,750 | |
TE Connectivity, Ltd. | 13,098 | 1,715,576 | |
Temenos AG | 2,695 | 259,231 | |
UBS Group AG | 121,822 | 2,380,561 | |
VAT Group AG(3) | 1,080 | 411,198 | |
Vifor Pharma AG(2) | 1,778 | 317,002 | |
Zurich Insurance Group AG | 5,359 | 2,646,808 | |
$ 63,466,680 | |||
Taiwan — 5.1% | |||
Advantech Co., Ltd. | 17,499 | $ 224,225 | |
ASE Technology Holding Co., Ltd. | 135,904 | 484,289 | |
AU Optronics Corp. | 320,000 | 218,258 | |
Cathay Financial Holding Co., Ltd. | 338,357 | 755,259 | |
Chailease Holding Co., Ltd. | 48,606 | 426,339 | |
China Development Financial Holding Corp. | 719,000 | 477,211 | |
China Steel Corp. | 1,263,000 | 1,702,827 | |
Chunghwa Telecom Co., Ltd. | 158,055 | 700,005 | |
CTBC Financial Holding Co., Ltd. | 699,000 | 712,355 | |
Delta Electronics, Inc. | 85,319 | 791,054 | |
E.Sun Financial Holding Co., Ltd. | 462,197 | 530,281 | |
Evergreen Marine Corp. Taiwan, Ltd. | 108,000 | 502,001 | |
Far EasTone Telecommunications Co., Ltd. | 78,073 | 200,044 | |
Feng TAY Enterprise Co., Ltd. | 19,000 | 126,349 | |
First Financial Holding Co., Ltd. | 348,518 | 344,648 | |
Fubon Financial Holding Co., Ltd. | 279,762 | 742,829 | |
Globalwafers Co., Ltd. | 8,000 | 186,200 | |
Hotai Motor Co., Ltd. | 15,000 | 310,963 | |
Hua Nan Financial Holdings Co., Ltd. | 292,009 | 247,009 | |
Innolux Corp. | 352,000 | 203,865 |
Security | Shares | Value | |
Taiwan (continued) | |||
Largan Precision Co., Ltd. | 4,000 | $ 261,478 | |
MediaTek, Inc. | 58,883 | 1,832,469 | |
Mega Financial Holding Co., Ltd. | 386,668 | 577,374 | |
Nan Ya Printed Circuit Board Corp. | 9,000 | 161,553 | |
Nanya Technology Corp. | 53,000 | 126,430 | |
Novatek Microelectronics Corp. | 22,000 | 323,482 | |
President Chain Store Corp. | 22,828 | 209,380 | |
Quanta Computer, Inc. | 106,398 | 325,839 | |
Realtek Semiconductor Corp. | 16,000 | 237,676 | |
Shanghai Commercial & Savings Bank, Ltd. (The) | 124,924 | 217,712 | |
Taishin Financial Holding Co., Ltd. | 472,171 | 335,892 | |
Taiwan Cooperative Financial Holding Co., Ltd. | 324,164 | 332,709 | |
Taiwan Mobile Co., Ltd. | 67,748 | 247,913 | |
Taiwan Semiconductor Manufacturing Co., Ltd. | 893,240 | 18,323,490 | |
Uni-President Enterprises Corp. | 241,000 | 550,001 | |
United Microelectronics Corp. | 460,000 | 844,755 | |
Vanguard International Semiconductor Corp. | 37,000 | 159,322 | |
Wan Hai Lines, Ltd. | 49,800 | 272,723 | |
Yageo Corp. | 18,000 | 268,688 | |
Yang Ming Marine Transport Corp.(2) | 71,000 | 304,387 | |
Yuanta Financial Holding Co., Ltd. | 370,600 | 339,519 | |
$ 36,138,803 | |||
United Kingdom — 12.7% | |||
3i Group PLC | 41,983 | $ 759,152 | |
abrdn PLC | 91,406 | 255,946 | |
Admiral Group PLC | 13,072 | 438,366 | |
Amcor PLC | 78,834 | 893,189 | |
Ashtead Group PLC | 21,922 | 1,380,305 | |
ASOS PLC(2) | 2,424 | 50,998 | |
Associated British Foods PLC | 19,843 | 431,052 | |
AstraZeneca PLC | 60,835 | 8,067,506 | |
Atlassian Corp. PLC, Class A(2) | 6,967 | 2,047,114 | |
Auto Trader Group PLC(3) | 42,790 | 353,243 | |
Avast PLC(3) | 30,322 | 225,142 | |
AVEVA Group PLC | 4,844 | 154,720 | |
Aviva PLC | 182,071 | 1,077,298 | |
B&M European Value Retail S.A. | 37,505 | 262,396 | |
BAE Systems PLC | 157,921 | 1,483,107 | |
Barratt Developments PLC | 55,811 | 379,950 | |
Bellway PLC | 6,069 | 192,923 | |
Berkeley Group Holdings PLC | 5,039 | 245,785 | |
BT Group PLC | 445,399 | 1,061,968 | |
Bunzl PLC | 14,501 | 562,364 | |
Burberry Group PLC | 18,974 | 414,196 | |
Clarivate PLC(2) | 20,945 | 351,038 | |
Coca-Cola Europacific Partners PLC | 11,330 | 550,751 |
Security | Shares | Value | |
United Kingdom (continued) | |||
Compass Group PLC | 103,199 | $ 2,220,852 | |
ConvaTec Group PLC(3) | 80,764 | 228,111 | |
Croda International PLC | 7,166 | 737,178 | |
Dechra Pharmaceuticals PLC | 4,958 | 263,230 | |
Diageo PLC | 101,508 | 5,148,946 | |
DS Smith PLC | 75,730 | 318,499 | |
easyJet PLC(2) | 11,998 | 87,042 | |
Electrocomponents PLC | 21,099 | 297,987 | |
Farfetch, Ltd., Class A(2) | 13,661 | 206,554 | |
Ferguson PLC | 9,617 | 1,302,909 | |
GlaxoSmithKline PLC | 227,129 | 4,914,377 | |
Halma PLC | 20,217 | 661,442 | |
Hargreaves Lansdown PLC | 17,001 | 224,087 | |
Hikma Pharmaceuticals PLC | 7,727 | 208,459 | |
Howden Joinery Group PLC | 25,541 | 256,049 | |
HSBC Holdings PLC | 803,211 | 5,486,383 | |
IMI PLC | 12,795 | 227,802 | |
Informa PLC(2) | 80,029 | 627,028 | |
InterContinental Hotels Group PLC | 9,787 | 661,939 | |
Intermediate Capital Group PLC | 13,780 | 319,931 | |
Intertek Group PLC | 8,988 | 613,141 | |
ITV PLC(2) | 193,134 | 206,697 | |
J Sainsbury PLC | 112,390 | 371,986 | |
Janus Henderson Group PLC | 7,216 | 252,704 | |
JD Sports Fashion PLC | 112,769 | 217,296 | |
Johnson Matthey PLC | 10,625 | 259,852 | |
Kingfisher PLC | 100,207 | 334,455 | |
Legal & General Group PLC | 269,443 | 955,280 | |
Liberty Global PLC, Class A(2) | 25,053 | 639,102 | |
Linde PLC | 21,853 | 6,980,504 | |
Lloyds Banking Group PLC | 3,157,824 | 1,923,007 | |
London Stock Exchange Group PLC | 14,839 | 1,547,419 | |
M&G PLC | 110,446 | 318,232 | |
Melrose Industries PLC | 192,350 | 312,018 | |
Mondi PLC | 23,809 | 462,795 | |
National Grid PLC | 186,074 | 2,859,624 | |
Next PLC | 5,864 | 461,207 | |
Ocado Group PLC(2) | 33,118 | 505,699 | |
Pearson PLC | 38,763 | 380,072 | |
Pennon Group PLC | 11,996 | 168,835 | |
Persimmon PLC | 15,860 | 444,736 | |
Phoenix Group Holdings PLC | 36,804 | 294,870 | |
Prudential PLC | 120,424 | 1,777,852 | |
Reckitt Benckiser Group PLC | 30,717 | 2,343,274 | |
RELX PLC | 101,468 | 3,157,454 | |
Rentokil Initial PLC | 102,018 | 702,748 | |
Rightmove PLC | 40,876 | 337,825 |
Security | Shares | Value | |
United Kingdom (continued) | |||
Royal Mail PLC | 36,204 | $ 155,556 | |
Sage Group PLC (The) | 52,874 | 484,468 | |
Schroders PLC | 5,963 | 251,099 | |
Severn Trent PLC | 12,328 | 496,870 | |
Smith & Nephew PLC | 45,565 | 724,705 | |
Smiths Group PLC | 19,323 | 366,093 | |
Spirax-Sarco Engineering PLC | 3,710 | 606,513 | |
SSE PLC | 53,958 | 1,232,888 | |
St. James's Place PLC | 24,634 | 464,434 | |
Standard Chartered PLC | 117,044 | 776,939 | |
Taylor Wimpey PLC | 179,763 | 306,121 | |
Tesco PLC | 432,971 | 1,567,486 | |
Unilever PLC | 98,912 | 4,490,877 | |
United Utilities Group PLC | 35,936 | 529,176 | |
Vodafone Group PLC | 1,248,136 | 2,046,674 | |
Weir Group PLC (The) | 12,064 | 257,444 | |
Whitbread PLC(2) | 10,645 | 396,352 | |
WPP PLC | 64,433 | 843,305 | |
$ 90,862,998 | |||
Total Common Stocks (identified cost $660,416,692) | $706,938,619 |
Short-Term Investments — 0.6% |
Affiliated Fund — 0.4% | |||
Description | Units | Value | |
Calvert Cash Reserves Fund, LLC, 0.14%(7) | 2,801,367 | $ 2,801,087 | |
Total Affiliated Fund (identified cost $2,800,896) | $ 2,801,087 |
Securities Lending Collateral — 0.2% | |||
Security | Shares | Value | |
State Street Navigator Securities Lending Government Money Market Portfolio, 0.29%(8) | 1,694,736 | $ 1,694,736 | |
Total Securities Lending Collateral (identified cost $1,694,736) | $ 1,694,736 | ||
Total Short-Term Investments (identified cost $4,495,632) | $ 4,495,823 |
Total Investments — 99.7% (identified cost $664,912,324) | $711,434,442 | |
Other Assets, Less Liabilities — 0.3% | $ 2,029,957 | |
Net Assets — 100.0% | $713,464,399 |
The percentage shown for each investment category in the Schedule of Investments is based on net assets.The country classifications used for financial reporting purposes may differ from the classifications determined by Calvert Research and Management (CRM). | |
(1) | All or a portion of this security was on loan at March 31, 2022. The aggregate market value of securities on loan at March 31, 2022 was $5,547,572. |
(2) | Non-income producing security. |
(3) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At March 31, 2022, the aggregate value of these securities is $11,951,398 or 1.7% of the Fund's net assets. |
(4) | Securities are traded on separate exchanges for the same entity. |
(5) | Amount is less than 0.05%. |
(6) | Represents an investment in an issuer that may be deemed to be an affiliate (see Note 7). |
(7) | Affiliated investment company, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2022. |
(8) | Represents investment of cash collateral received in connection with securities lending. |
Economic Sectors | % of Net Assets |
Financials | 21.5% |
Industrials | 15.1 |
Information Technology | 14.8 |
Health Care | 11.3 |
Consumer Discretionary | 10.2 |
Consumer Staples | 9.0 |
Materials | 6.5 |
Communication Services | 5.8 |
Utilities | 3.0 |
Real Estate | 1.6 |
Energy | 0.3 |
Total | 99.1% |
Abbreviations: | |
ADR | – American Depositary Receipt |
CDI | – CHESS Depositary Interest |
PC | – Participation Certificate |
PFC Shares | – Preference Shares |
March 31, 2022 | |
Assets | |
Investments in securities of unaffiliated issuers, at value (identified cost $659,338,865) - including $5,547,572 of securities on loan | $ 705,392,850 |
Investments in securities of affiliated issuers, at value (identified cost $5,573,459) | 6,041,592 |
Cash denominated in foreign currency, at value (cost $842,655) | 841,267 |
Receivable for capital shares sold | 1,955,743 |
Dividends receivable | 2,151,398 |
Dividends receivable - affiliated | 56,393 |
Securities lending income receivable | 3,634 |
Tax reclaims receivable | 694,110 |
Receivable from affiliate | 202,891 |
Directors' deferred compensation plan | 73,413 |
Total assets | $717,413,291 |
Liabilities | |
Due to custodian | $ 47 |
Payable for investments purchased | 1,688,970 |
Payable for capital shares redeemed | 165,857 |
Deposits for securities loaned | 1,694,736 |
Payable to affiliates: | |
Investment advisory fee | 69,999 |
Administrative fee | 69,999 |
Distribution and service fees | 9,910 |
Sub-transfer agency fee | 4,790 |
Directors' deferred compensation plan | 73,413 |
Accrued expenses | 171,171 |
Total liabilities | $ 3,948,892 |
Net Assets | $713,464,399 |
Sources of Net Assets | |
Paid-in capital | $ 675,965,172 |
Distributable earnings | 37,499,227 |
Net Assets | $713,464,399 |
Class A Shares | |
Net Assets | $ 49,707,463 |
Shares Outstanding | 1,779,731 |
Net Asset Value and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 27.93 |
Maximum Offering Price Per Share (100 ÷ 95.25 of net asset value per share) | $ 29.32 |
Class I Shares | |
Net Assets | $ 560,519,889 |
Shares Outstanding | 19,835,543 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 28.26 |
March 31, 2022 | |
Class R6 Shares | |
Net Assets | $ 103,237,047 |
Shares Outstanding | 3,655,067 |
Net Asset Value, Offering Price and Redemption Price Per Share (net assets ÷ shares of beneficial interest outstanding) | $ 28.24 |
On sales of $50,000 or more, the offering price of Class A shares is reduced. |
Six Months Ended | |
March 31, 2022 | |
Investment Income | |
Dividend income (net of foreign taxes withheld of $791,723) | $ 7,134,240 |
Dividend income - affiliated issuers (net of foreign taxes withheld of $6,233) | 57,288 |
Securities lending income, net | 37,189 |
Total investment income | $ 7,228,717 |
Expenses | |
Investment advisory fee | $ 403,732 |
Administrative fee | 403,732 |
Distribution and service fees: | |
Class A | 58,115 |
Directors' fees and expenses | 13,361 |
Custodian fees | 60,042 |
Transfer agency fees and expenses | 203,373 |
Accounting fees | 84,549 |
Professional fees | 18,288 |
Registration fees | 61,175 |
Reports to shareholders | 8,702 |
Miscellaneous | 26,733 |
Total expenses | $ 1,341,802 |
Waiver and/or reimbursement of expenses by affiliate | $ (321,717) |
Net expenses | $ 1,020,085 |
Net investment income | $ 6,208,632 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss): | |
Investment securities | $ (1,912,007) |
Investment securities - affiliated issuers | (284) |
Foreign currency transactions | (40,800) |
Payment by affiliate for loss on investment in violation of restrictions | 122,129 |
Net realized loss | $ (1,830,962) |
Change in unrealized appreciation (depreciation): | |
Investment securities | $ (37,522,679) |
Investment securities - affiliated issuers | 102,715 |
Foreign currency | (5,575) |
Net change in unrealized appreciation (depreciation) | $(37,425,539) |
Net realized and unrealized loss | $(39,256,501) |
Net decrease in net assets from operations | $(33,047,869) |
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, 2021 | |
Increase (Decrease) in Net Assets | ||
From operations: | ||
Net investment income | $ 6,208,632 | $ 10,850,858 |
Net realized loss | (1,830,962) | (612,085) |
Net change in unrealized appreciation (depreciation) | (37,425,539) | 62,106,450 |
Net increase (decrease) in net assets from operations | $ (33,047,869) | $ 72,345,223 |
Distributions to shareholders: | ||
Class A | $ (835,990) | $ (264,563) |
Class I | (10,622,019) | (3,173,461) |
Class R6 | (2,024,813) | (577,894) |
Total distributions to shareholders | $ (13,482,822) | $ (4,015,918) |
Capital share transactions: | ||
Class A | $ 9,546,479 | $ 11,335,736 |
Class I | 115,387,265 | 232,174,902 |
Class R6 | 17,607,333 | 53,507,446 |
Net increase in net assets from capital share transactions | $142,541,077 | $297,018,084 |
Net increase in net assets | $ 96,010,386 | $365,347,389 |
Net Assets | ||
At beginning of period | $ 617,454,013 | $ 252,106,624 |
At end of period | $713,464,399 | $617,454,013 |
Class A | ||||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value — Beginning of period | $ 29.79 | $ 24.08 | $ 22.81 | $ 23.18 | $ 23.11 | $ 20.03 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.24 | $ 0.61 | $ 0.40 | $ 0.56 | $ 0.62 | $ 0.41 |
Net realized and unrealized gain (loss) | (1.55) | 5.33 | 1.26 | (0.51) | (0.23) | 3.10 |
Total income (loss) from operations | $ (1.31) | $ 5.94 | $ 1.66 | $ 0.05 | $ 0.39 | $ 3.51 |
Less Distributions | ||||||
From net investment income | $ (0.55) | $ (0.23) | $ (0.39) | $ (0.42) | $ (0.32) | $ (0.43) |
Total distributions | $ (0.55) | $ (0.23) | $ (0.39) | $ (0.42) | $ (0.32) | $ (0.43) |
Net asset value — End of period | $ 27.93 | $ 29.79 | $ 24.08 | $ 22.81 | $ 23.18 | $23.11 |
Total Return(2) | (4.53)% (3) | 24.74% | 7.31% | 0.34% | 1.67% | 17.98% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $49,707 | $43,359 | $25,497 | $34,344 | $24,415 | $ 5,968 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 0.64% (5) | 0.67% | 0.74% | 0.89% | 1.03% | 3.00% |
Net expenses | 0.54% (5) | 0.54% | 0.54% | 0.57% | 0.62% | 0.62% |
Net investment income | 1.60% (5) | 2.11% | 1.77% | 2.56% | 2.66% | 1.96% |
Portfolio Turnover | 3% (3) | 13% | 18% | 51% | 24% | 26% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
Class I | ||||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value — Beginning of period | $ 30.17 | $ 24.43 | $ 23.12 | $ 23.47 | $ 23.32 | $ 20.08 |
Income (Loss) From Operations | ||||||
Net investment income(1) | $ 0.28 | $ 0.72 | $ 0.51 | $ 0.60 | $ 0.64 | $ 0.63 |
Net realized and unrealized gain (loss) | (1.57) | 5.37 | 1.22 | (0.50) | (0.17) | 3.00 |
Total income (loss) from operations | $ (1.29) | $ 6.09 | $ 1.73 | $ 0.10 | $ 0.47 | $ 3.63 |
Less Distributions | ||||||
From net investment income | $ (0.62) | $ (0.35) | $ (0.42) | $ (0.45) | $ (0.32) | $ (0.39) |
Total distributions | $ (0.62) | $ (0.35) | $ (0.42) | $ (0.45) | $ (0.32) | $ (0.39) |
Net asset value — End of period | $ 28.26 | $ 30.17 | $ 24.43 | $ 23.12 | $ 23.47 | $ 23.32 |
Total Return(2) | (4.42)% (3) | 25.07% | 7.55% | 0.60% | 2.04% | 18.42% |
Ratios/Supplemental Data | ||||||
Net assets, end of period (000’s omitted) | $560,520 | $481,361 | $197,395 | $67,854 | $88,253 | $30,815 |
Ratios (as a percentage of average daily net assets):(4) | ||||||
Total expenses | 0.39% (5) | 0.42% | 0.49% | 0.64% | 0.79% | 1.43% |
Net expenses | 0.29% (5) | 0.29% | 0.29% | 0.29% | 0.27% | 0.27% |
Net investment income | 1.86% (5) | 2.43% | 2.22% | 2.73% | 2.71% | 2.85% |
Portfolio Turnover | 3% (3) | 13% | 18% | 51% | 24% | 26% |
(1) | Computed using average shares outstanding. |
(2) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(3) | Not annualized. |
(4) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(5) | Annualized. |
Class R6 | ||||
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, | Period Ended September 30, | ||
2021 | 2020 | 2019 (1) | ||
Net asset value — Beginning of period | $ 30.16 | $ 24.43 | $ 23.12 | $ 21.50 |
Income (Loss) From Operations | ||||
Net investment income(2) | $ 0.28 | $ 0.75 | $ 0.49 | $ 0.51 |
Net realized and unrealized gain (loss) | (1.57) | 5.34 | 1.25 | 1.11 |
Total income (loss) from operations | $ (1.29) | $ 6.09 | $ 1.74 | $ 1.62 |
Less Distributions | ||||
From net investment income | $ (0.63) | $ (0.36) | $ (0.43) | $ — |
Total distributions | $ (0.63) | $ (0.36) | $ (0.43) | $ — |
Net asset value — End of period | $ 28.24 | $ 30.16 | $ 24.43 | $ 23.12 |
Total Return(3) | (4.38)% (4) | 25.08% | 7.59% | 7.54% (4) |
Ratios/Supplemental Data | ||||
Net assets, end of period (000’s omitted) | $103,237 | $92,734 | $29,215 | $16,867 |
Ratios (as a percentage of average daily net assets):(5) | ||||
Total expenses | 0.36% (6) | 0.39% | 0.46% | 0.56% (6) |
Net expenses | 0.26% (6) | 0.26% | 0.26% | 0.26% (6) |
Net investment income | 1.87% (6) | 2.52% | 2.13% | 3.40% (6) |
Portfolio Turnover | 3% (4) | 13% | 18% | 51% (7) |
(1) | For the period from the commencement of operations, February 1, 2019, to September 30, 2019. |
(2) | Computed using average shares outstanding. |
(3) | Returns are historical and are calculated by determining the percentage change in net asset value with all distributions reinvested and do not reflect the effect of sales charges, if any. |
(4) | Not annualized. |
(5) | Total expenses do not reflect amounts reimbursed and/or waived by the adviser and certain of its affiliates, if applicable. Net expenses are net of all reductions and represent the net expenses paid by the Fund. |
(6) | Annualized. |
(7) | For the year ended September 30, 2019. |
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks: | ||||
Australia | $ — | $ 39,273,653 | $ — | $ 39,273,653 |
Austria | — | 1,270,128 | — | 1,270,128 |
Belgium | — | 5,064,971 | — | 5,064,971 |
Canada | 69,187,309 | — | — | 69,187,309 |
China | — | 192,905 | — | 192,905 |
Denmark | 215,590 | 15,659,167 | — | 15,874,757 |
Finland | — | 8,169,784 | — | 8,169,784 |
France | — | 59,869,785 | — | 59,869,785 |
Germany | — | 45,916,066 | — | 45,916,066 |
Hong Kong | — | 16,583,957 | — | 16,583,957 |
Ireland | 3,882,021 | 7,296,448 | — | 11,178,469 |
Israel | 925,716 | 2,200,675 | — | 3,126,391 |
Italy | — | 12,526,940 | — | 12,526,940 |
Japan | — | 118,168,186 | — | 118,168,186 |
Netherlands | 2,735,530 | 30,536,095 | — | 33,271,625 |
New Zealand | — | 1,196,729 | — | 1,196,729 |
Norway | — | 5,458,223 | — | 5,458,223 |
Portugal | — | 1,015,281 | — | 1,015,281 |
Singapore | 465,531 | 6,477,386 | — | 6,942,917 |
South Korea | — | 26,070,931 | — | 26,070,931 |
Spain | — | 14,525,883 | — | 14,525,883 |
Sweden | 879,691 | 20,705,557 | — | 21,585,248 |
Switzerland | 2,748,271 | 60,718,409 | — | 63,466,680 |
Taiwan | — | 36,138,803 | — | 36,138,803 |
United Kingdom | 11,920,956 | 78,942,042 | — | 90,862,998 |
Total Common Stocks | $92,960,615 | $613,978,004 (1) | $ — | $706,938,619 |
Short-Term Investments: | ||||
Affiliated Fund | $ — | $ 2,801,087 | $ — | $ 2,801,087 |
Securities Lending Collateral | 1,694,736 | — | — | 1,694,736 |
Total Investments | $94,655,351 | $ 616,779,091 | $ — | $711,434,442 |
(1) | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets. |
Aggregate cost | $672,379,060 |
Gross unrealized appreciation | $ 75,440,598 |
Gross unrealized depreciation | (36,385,216) |
Net unrealized appreciation | $ 39,055,382 |
Remaining Contractual Maturity of the Transactions | |||||
Overnight and Continuous | <30 days | 30 to 90 days | >90 days | Total | |
Common Stocks | $1,694,736 | $ — | $ — | $ — | $1,694,736 |
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares/Units, end of period |
Common Stocks | ||||||||
Mitsubishi UFJ Financial Group, Inc. | $2,131,962 | $ 1,005,840 | $ — | $ — | $ 102,703 | $ 3,240,505 | $ 56,102 | 524,257 |
Short-Term Investments | ||||||||
Calvert Cash Reserves Fund, LLC | 2,410,888 | 73,357,733 | (72,967,262) | (284) | 12 | 2,801,087 | 1,186 | 2,801,367 |
Totals | $(284) | $102,715 | $6,041,592 | $57,288 |
Six Months Ended March 31, 2022 (Unaudited) | Year Ended September 30, 2021 | ||||
Shares | Amount | Shares | Amount | ||
Class A | |||||
Shares sold | 531,747 | $ 15,724,930 | 705,875 | $ 20,191,145 | |
Reinvestment of distributions | 27,103 | 808,757 | 8,853 | 240,904 | |
Shares redeemed | (234,373) | (6,987,208) | (318,360) | (9,096,313) | |
Net increase | 324,477 | $ 9,546,479 | 396,368 | $ 11,335,736 | |
Class I | |||||
Shares sold | 4,634,632 | $ 137,035,113 | 9,345,756 | $ 274,435,668 | |
Reinvestment of distributions | 331,902 | 10,013,478 | 110,718 | 3,044,739 | |
Shares redeemed | (1,085,697) | (31,661,326) | (1,581,857) | (45,305,505) | |
Net increase | 3,880,837 | $115,387,265 | 7,874,617 | $232,174,902 | |
Class R6 | |||||
Shares sold | 678,965 | $ 20,474,359 | 2,058,498 | $ 58,343,541 | |
Reinvestment of distributions | 60,894 | 1,836,567 | 18,598 | 511,259 | |
Shares redeemed | (159,200) | (4,703,593) | (198,620) | (5,347,354) | |
Net increase | 580,659 | $ 17,607,333 | 1,878,476 | $ 53,507,446 |
Officers |
Hope L. Brown Chief Compliance Officer |
Deidre E. Walsh Vice President, Secretary and Chief Legal Officer |
James F. Kirchner Treasurer |
Directors |
Alice Gresham Bullock Chairperson |
Richard L. Baird, Jr. |
Cari M. Dominguez |
John G. Guffey, Jr. |
Miles D. Harper, III |
Joy V. Jones |
John H. Streur* |
Anthony A. Williams |
*Interested Director and President |
Privacy Notice | April 2021 |
FACTS | WHAT DOES EATON VANCE DO WITH YOUR PERSONAL INFORMATION? |
Why? | Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. |
What? | The types of personal information we collect and share depend on the product or service you have with us. This information can include:■ Social Security number and income ■ investment experience and risk tolerance ■ checking account number and wire transfer instructions |
How? | All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Eaton Vance chooses to share; and whether you can limit this sharing. |
Reasons we can share your personal information | Does Eaton Vance share? | Can you limit this sharing? |
For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
For our marketing purposes — to offer our products and services to you | Yes | No |
For joint marketing with other financial companies | No | We don’t share |
For our investment management affiliates’ everyday business purposes — information about your transactions, experiences, and creditworthiness | Yes | Yes |
For our affiliates’ everyday business purposes — information about your transactions and experiences | Yes | No |
For our affiliates’ everyday business purposes — information about your creditworthiness | No | We don’t share |
For our investment management affiliates to market to you | Yes | Yes |
For our affiliates to market to you | No | We don’t share |
For nonaffiliates to market to you | No | We don’t share |
To limit our sharing | Call toll-free 1-800-368-2745 or email: CRMPrivacy@calvert.comPlease note:If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. |
Questions? | Call toll-free 1-800-368-2745 or email: CRMPrivacy@calvert.com |
Privacy Notice — continued | April 2021 |
Who we are | |
Who is providing this notice? | Eaton Vance Management, Eaton Vance Distributors, Inc., Eaton Vance Trust Company, Eaton Vance Management (International) Limited, Eaton Vance Advisers International Ltd., Eaton Vance Global Advisors Limited, Eaton Vance Management’s Real Estate Investment Group, Boston Management and Research, Calvert Research and Management, Eaton Vance and Calvert Fund Families and our investment advisory affiliates (“Eaton Vance”) (see Investment Management Affiliates definition below) |
What we do | |
How does Eaton Vance protect my personal information? | To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We have policies governing the proper handling of customer information by personnel and requiring third parties that provide support to adhere to appropriate security standards with respect to such information. |
How does Eaton Vance collect my personal information? | We collect your personal information, for example, when you■ open an account or make deposits or withdrawals from your account ■ buy securities from us or make a wire transfer ■ give us your contact informationWe also collect your personal information from others, such as credit bureaus, affiliates, or other companies. |
Why can’t I limit all sharing? | Federal law gives you the right to limit only■ sharing for affiliates’ everyday business purposes — information about your creditworthiness ■ affiliates from using your information to market to you ■ sharing for nonaffiliates to market to youState laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law. |
Definitions | |
Investment Management Affiliates | Eaton Vance Investment Management Affiliates include registered investment advisers, registered broker- dealers, and registered and unregistered funds. Investment Management Affiliates does not include entities associated with Morgan Stanley Wealth Management, such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Affiliates | Companies related by common ownership or control. They can be financial and nonfinancial companies.■ Our affiliates include companies with a Morgan Stanley name and financial companies such as Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. |
Nonaffiliates | Companies not related by common ownership or control. They can be financial and nonfinancial companies.■ Eaton Vance does not share with nonaffiliates so they can market to you. |
Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you.■ Eaton Vance doesn’t jointly market. |
Other important information | |
Vermont: Except as permitted by law, we will not share personal information we collect about Vermont residents with Nonaffiliates unless you provide us with your written consent to share such information.California: Except as permitted by law, we will not share personal information we collect about California residents with Nonaffiliates and we will limit sharing such personal information with our Affiliates to comply with California privacy laws that apply to us. |
Item 2. Code of Ethics.
Not required in this filing.
Item 3. Audit Committee Financial Expert.
Not required in this filing.
Item 4. Principal Accountant Fees and Services.
Not required in this filing.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Schedule of Investments.
Please see schedule of investments contained in the Report to Shareholders included under Item 1 of this Form N-CSR.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
No material changes.
Item 11. Controls and Procedures.
(a) The registrant’s principal executive and principal financial officers have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 Act, as amended (the “1940 Act”) are effective, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), as of a date within 90 days of the filing date of this report.
(b) There was no change in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 13. Exhibits. | ||
(a)(1) | Registrant’s Code of Ethics- Not applicable (please see Item 2) | |
(a)(2)(i) | President’s Section 302 certification. | |
(a)(2)(ii) | Treasurer’s Section 302 certification. | |
(b) | Combined Section 906 certification. |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Calvert Responsible Index Series, Inc.
| ||
By: | /s/ John H. Streur | |
John H. Streur | ||
President |
Date: May 24, 2022
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ John H. Streur | |
John H. Streur | ||
President | ||
Date: | May 24, 2022 | |
By: | /s/ James F. Kirchner | |
James F. Kirchner | ||
Treasurer | ||
Date: | May 24, 2022 |