Calvert
Emerging Markets Advancement
Fund
June 30, 2022
Schedule of Investments (Unaudited)
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Calvert
Emerging Markets Advancement
Fund
June 30, 2022
Schedule of Investments
(Unaudited) — continued
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Calvert
Emerging Markets Advancement
Fund
June 30, 2022
Schedule of Investments
(Unaudited) — continued
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Calvert
Emerging Markets Advancement
Fund
June 30, 2022
Schedule of Investments
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Calvert
Emerging Markets Advancement
Fund
June 30, 2022
Schedule of Investments
(Unaudited) — continued
Forward Foreign Currency
Exchange Contracts
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized (Depreciation) | ||
USD | 6,261,130 | EUR | 5,863,506 | Standard Chartered Bank | 7/15/22 | $112,555 | $ — |
CNH | 143,330,000 | USD | 21,249,342 | Standard Chartered Bank | 11/25/22 | 164,303 | — |
USD | 2,016,156 | CNH | 13,500,000 | Standard Chartered Bank | 11/25/22 | — | (757) |
USD | 19,152,866 | CNH | 129,830,000 | Standard Chartered Bank | 11/25/22 | — | (243,866) |
USD | 653,399 | AED | 2,400,000 | Standard Chartered Bank | 4/19/23 | — | (58) |
USD | 290,239 | AED | 1,067,092 | Standard Chartered Bank | 4/19/23 | — | (302) |
USD | 1,329,859 | AED | 4,888,826 | Standard Chartered Bank | 4/19/23 | — | (1,240) |
USD | 23,833,436 | CNH | 160,135,000 | Goldman Sachs International | 6/16/23 | — | (139,906) |
$276,858 | $(386,129) |
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Calvert
Emerging Markets Advancement
Fund
June 30, 2022
Schedule of Investments
(Unaudited) — continued
Futures Contracts
Description | Number of Contracts | Position | Expiration Date | Notional Amount | Value/ Unrealized Appreciation (Depreciation) |
Equity Futures | |||||
MSCI Emerging Markets Index | 41 | Long | 9/16/22 | $2,055,535 | $(8,923) |
$(8,923) |
Abbreviations: | |
ADR | – American Depositary Receipt |
BDR | – Brazilian Depositary Receipt |
PFC Shares | – Preference Shares |
Currency Abbreviations: | |
AED | – United Arab Emirates Dirham |
CNH | – Yuan Renminbi Offshore |
EUR | – Euro |
USD | – United States Dollar |
At June 30, 2022, the Fund had
sufficient cash and/or securities to cover commitments under open derivative contracts.
In the normal course of pursuing its
investment objective, the Fund is subject to the following risks:
Equity Price Risk: During the fiscal
year to date ended June 30, 2022, the Fund entered into equity futures contracts to enhance total return, to manage certain investment risks and/or as a substitute for the purchase of securities.
Foreign Exchange Risk: During the
fiscal year to date ended June 30, 2022, the Fund entered into forward foreign currency exchange contracts to seek to hedge against fluctuations in currency exchange rates and/or as a substitute for the purchase or
sale of securities or currencies.
Affiliated Investments
At June 30, 2022, the value of the
Fund's investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio (Liquidity Fund) and Calvert Cash Reserves Fund, LLC (Cash Reserves Fund) was $4,657,967, which represents 6.3% of the Fund's
net assets. Transactions in 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 | Dividend income | Units/Shares, end of period |
Short-Term Investments | ||||||||
Cash Reserves Fund | $6,412,205 | $18,558,793 | $(24,970,269) | $(89) | $(640) | $ — | $1,684 | — |
Liquidity Fund | — | 14,453,609 | (9,795,642) | — | — | 4,657,967 | 5,119 | 4,657,967 |
Total | $(89) | $(640) | $4,657,967 | $6,803 |
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.
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Calvert
Emerging Markets Advancement
Fund
June 30, 2022
Schedule of Investments
(Unaudited) — continued
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: | ||||
Brazil | $4,364,689 | $ — | $ — | $4,364,689 |
Canada | 35,022 | — | — | 35,022 |
China | 4,493,782 | 16,621,261 | — | 21,115,043 |
Greece | — | 6,130,387 | — | 6,130,387 |
Hong Kong | — | 985,547 | — | 985,547 |
Indonesia | — | 6,748,979 | — | 6,748,979 |
Malaysia | — | 3,244,856 | — | 3,244,856 |
South Korea | — | 7,990,559 | — | 7,990,559 |
Taiwan | — | 9,136,462 | — | 9,136,462 |
United Arab Emirates | — | 7,525,116 | — | 7,525,116 |
Total Common Stocks | $8,893,493 | $58,383,167(1) | $ — | $67,276,660 |
Rights | $0 | $ — | $ — | $0 |
Short-Term Investments: | ||||
Affiliated Fund | 4,657,967 | — | — | 4,657,967 |
Securities Lending Collateral | 231,492 | — | — | 231,492 |
Total Investments | $13,782,952 | $58,383,167 | $ — | $72,166,119 |
Forward Foreign Currency Exchange Contracts | $ — | $276,858 | $ — | $276,858 |
Total | $13,782,952 | $58,660,025 | $ — | $72,442,977 |
Liability Description | ||||
Forward Foreign Currency Exchange Contracts | $ — | $(386,129) | $ — | $(386,129) |
Futures Contracts | (8,923) | — | — | (8,923) |
Total | $(8,923) | $(386,129) | $ — | $(395,052) |
(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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