Calvert
Global Energy Solutions Fund
June 30, 2022
Schedule of Investments (Unaudited)
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Calvert
Global Energy Solutions Fund
June 30, 2022
Schedule of Investments
(Unaudited) — continued
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Calvert
Global Energy Solutions Fund
June 30, 2022
Schedule of Investments
(Unaudited) — continued
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Calvert
Global Energy Solutions Fund
June 30, 2022
Schedule of Investments
(Unaudited) — continued
| (5) | Restricted security. Total market value of restricted securities amounts to $185,528, which represents 0.1% of the net assets of the Fund as of June 30, 2022. |
| (6) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of June 30, 2022. |
| (7) | Represents investment of cash collateral received in connection with securities lending. |
At June 30, 2022, the concentration
of the Fund’s investments in the various sectors, determined as a percentage of net assets, was as follows:
| Economic Sectors | % of Net Assets |
| Industrials | 36.6% |
| Utilities | 25.2 |
| Information Technology | 16.8 |
| Materials | 7.9 |
| Consumer Discretionary | 7.3 |
| Energy | 1.7 |
| Consumer Staples | 1.7 |
| Real Estate | 1.6 |
| Financials | 0.6 |
| Communication Services | 0.6 |
| High Social Impact Investments | 0.1 |
| Total | 100.1% |
Restricted Securities
| Description | Acquisition Date | Cost |
| Calvert Impact Capital, Inc., Community Investment Notes, 1.50%, 12/15/23 | 12/14/20 | $200,000 |
| Abbreviations: | |
| ADR | – American Depositary Receipt |
| NVDR | – Non-Voting Depository Receipt |
| PCL | – Public Company Limited |
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Calvert
Global Energy Solutions Fund
June 30, 2022
Schedule of Investments
(Unaudited) — continued
Affiliated Investments
At June 30, 2022, the value of the
Fund's investment in Calvert Impact Capital, Inc. (the Notes) and affiliated funds was $1,401,343, which represents 0.8% of the Fund's net assets. Transactions in the Notes and affiliated funds by the Fund for the
fiscal year to date ended June 30, 2022 were as follows:
| Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Interest/ Dividend income | Principal amount/ Units/Shares, end of period |
| High Social Impact Investments | ||||||||
| Calvert Impact Capital, Inc., Community Investment Notes, 1.50%, 12/15/23(1) | $196,566 | $ — | $ — | $ — | $(11,038) | $ 185,528 | $2,250 | $ 200,000 |
| Short-Term Investments | ||||||||
| Calvert Cash Reserves Fund, LLC | 970,203 | 15,624,079 | (16,594,156) | (47) | (79) | — | 208 | — |
| Liquidity Fund, Institutional Class(2) | — | 6,323,600 | (5,107,785) | — | — | 1,215,815 | 990 | 1,215,815 |
| Total | $(47) | $(11,117) | $1,401,343 | $3,448 | ||||
| (1) | Restricted security. |
| (2) | Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio. |
Fair Value Measurements
U.S. generally accepted accounting
principles (U.S. GAAP) establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad
levels listed below:
Level 1 - quoted prices in active
markets for identical securities
Level 2 - other significant
observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - significant unobservable
inputs (including the Fund's own assumptions in determining the fair value of investments)
The inputs or methodologies used for
valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following table summarizes the
market value of the Fund's holdings as of June 30, 2022, based on the inputs used to value them:
| Asset Description | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks: | ||||
| Austria | $ — | $1,318,966 | $ — | $1,318,966 |
| Belgium | — | 1,424,595 | — | 1,424,595 |
| Brazil | 720,929 | — | — | 720,929 |
| Canada | 9,425,281 | — | — | 9,425,281 |
| China | 2,840,855 | 6,889,931 | — | 9,730,786 |
| Denmark | — | 4,419,027 | — | 4,419,027 |
| Finland | — | 977,603 | — | 977,603 |
| France | — | 8,425,117 | — | 8,425,117 |
| Germany | — | 12,937,737 | — | 12,937,737 |
| Greece | — | 986,592 | — | 986,592 |
| Ireland | — | 1,601,931 | — | 1,601,931 |
| Italy | — | 3,726,876 | — | 3,726,876 |
| Japan | — | 10,147,958 | — | 10,147,958 |
| Netherlands | — | 2,092,946 | — | 2,092,946 |
| New Zealand | — | 3,468,552 | — | 3,468,552 |
| Norway | — | 1,613,800 | — | 1,613,800 |
| Singapore | — | 1,850,357 | — | 1,850,357 |
| South Korea | — | 5,151,200 | — | 5,151,200 |
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Calvert
Global Energy Solutions Fund
June 30, 2022
Schedule of Investments
(Unaudited) — continued
| Asset Description (continued) | Level 1 | Level 2 | Level 3 | Total |
| Spain | $1,104,582 | $7,800,111 | $ — | $8,904,693 |
| Sweden | — | 3,036,247 | — | 3,036,247 |
| Switzerland | — | 1,774,554 | — | 1,774,554 |
| Taiwan | — | 7,765,996 | — | 7,765,996 |
| Thailand | — | 1,912,108 | — | 1,912,108 |
| United Kingdom | 872,366 | 5,761,435 | — | 6,633,801 |
| United States | 56,207,837 | — | — | 56,207,837 |
| Total Common Stocks | $71,171,850 | $95,083,639(1) | $ — | $166,255,489 |
| High Social Impact Investments | $ — | $185,528 | $ — | $185,528 |
| Short-Term Investments: | ||||
| Affiliated Fund | 1,215,815 | — | — | 1,215,815 |
| Securities Lending Collateral | 4,301,955 | — | — | 4,301,955 |
| Total Investments | $76,689,620 | $95,269,167 | $ — | $171,958,787 |
| (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. |
For information on the Fund’s
policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to
shareholders.
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