Calvert Global Equity Fund

Share Class :
 
ISIN: LU2714840118
Marketing Communication
Calvert Global Equity Fund
Marketing Communication
ISIN: LU2714840118
Share Class :

Calvert Global Equity Fund

SHARE CLASS :
ISIN: LU2714840118
 

Marketing Communication

 
Product Team Image
Investment Objective
To provide high returns, consistent with reasonable risk, by investing in companies that exhibit sound management of ESG characteristics.
Investment Approach
The investment team employs an active, bottom up, fundamental investment approach to identify companies with sustainable business models that effectively manage their financially material ESG factors. Proprietary ESG insights are incorporated into the investment team’s fundamental assessment of the sustainability of each company’s business model. The Team recognises that behavioural biases are present in every investment team and have developed a proprietary approach towards minimising these biases, termed Portfolio Exercises, which are provocative, action-oriented, contrarian and creative. As active stewards of client capital, the Team look for opportunities to influence change and strengthen the sustainability of business models through engagement. Fund managers use a disciplined bottom-up, conviction led, risk aware and balanced approach to manage a concentrated portfolio.

The value of the investments and the income from them will vary and there can be no assurance that the Fund will achieve its investment objectives.

 
 
Pricing & Performance

Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. All performance data is calculated NAV to NAV, net of fees, and does not take account of commissions and costs incurred on the issue and redemption of units. The sources for all performance and Index data is Morgan Stanley Investment Management. Please click here for additional performance disclosures and important information, which should be reviewed carefully.

As of 30-Sep-2024

As of 11-Oct-2024

As of 30-Sep-2024

As of 11-Oct-2024


     
 
 
 
Risk and Reward Profile As of 20-Nov-2023
 
 
Lower Risk
High Risk
Potentially
Lower Rewards
Potentially
Higher Rewards
 
  • The fund may be impacted by movements in the exchange rates between the fund's currency and the currencies of the fund's investments.
  • The Fund relies on other parties to fulfill certain services, investments or transactions. If these parties become insolvent, it may expose the Fund to financial loss.
  • There may be an insufficient number of buyers or sellers which may affect the Fund's ability to buy or sell securities.
  • There are increased risks of investing in emerging markets as political, legal and operational systems may be less developed than in developed markets.
  • Sustainability factors can pose risks to investments, for example: impact asset values, increased operational costs.
  • Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. The value of investments and the income from them can go down as well as up and investors may lose all or a substantial portion of his or her investment.
  • The value of the investments and the income from them will vary and there can be no assurance that the Fund will achieve its investment objectives.
  • Investments may be in a variety of currencies and therefore changes in rates of exchange between currencies may cause the value of investments to decrease or increase. Furthermore, the value of investments may be adversely affected by fluctuations in exchange rates between the investor’s reference currency and the base currency of the investments.
  • The fund may be impacted by movements in the exchange rates between the fund's currency and the currencies of the fund's investments.
  • The Fund relies on other parties to fulfill certain services, investments or transactions. If these parties become insolvent, it may expose the Fund to financial loss.
  • There may be an insufficient number of buyers or sellers which may affect the Fund's ability to buy or sell securities.
  • There are increased risks of investing in emerging markets as political, legal and operational systems may be less developed than in developed markets.
  • Sustainability factors can pose risks to investments, for example: impact asset values, increased operational costs.
  • Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. The value of investments and the income from them can go down as well as up and investors may lose all or a substantial portion of his or her investment.
  • The value of the investments and the income from them will vary and there can be no assurance that the Fund will achieve its investment objectives.
  • Investments may be in a variety of currencies and therefore changes in rates of exchange between currencies may cause the value of investments to decrease or increase. Furthermore, the value of investments may be adversely affected by fluctuations in exchange rates between the investor’s reference currency and the base currency of the investments.
 
 
 
 
Composition 4 As of 31-Aug-2024
  Fund Index
Information Technology 25.24 24.65
Health Care 15.21 11.41
Industrials 14.78 10.56
Financials 13.65 16.24
Consumer Discretionary 11.12 10.17
Consumer Staples 8.94 6.41
Communication Services 6.93 7.53
Utilities 2.42 2.64
Energy -- 4.22
Materials -- 3.98
Real Estate -- 2.20
Cash 1.71 --
 
May not sum to 100% due to the exclusion of other assets and liabilities.


Geography4 As of 31-Aug-2024
  Fund Index
United States 53.28 64.42
United Kingdom 7.74 3.43
France 6.40 2.57
Netherlands 5.59 1.13
Switzerland 3.61 2.30
Japan 3.43 5.21
Taiwan 2.69 1.87
Denmark 2.59 0.85
Germany 2.54 1.99
Other 10.43 16.22
Cash 1.71 --
 
May not sum to 100% due to the exclusion of other assets and liabilities.


Holdings As of 31-Aug-2024
Fund Index
Microsoft Corp 6.69 3.84
Alphabet Inc 4.99 2.35
Amazon.com Inc 4.08 2.18
NVIDIA Corp 3.87 3.89
Nestle S.A. 3.61 0.37
Visa Inc 3.27 0.57
Compass Group plc 3.09 0.07
Imcd NV 2.87 0.01
Boston Scientific Corp 2.78 0.16
ASML Holding NV 2.72 0.47
Total 37.97 --

These securities and percentage allocations are only for illustrative purposes and do not constitute, and should not be construed as, investment advice or recommendations with respect to the securities or investments mentioned.



Portfolio Characteristics
Fund Index
Active share (%) 80.81 --
Number of holdings 40 2,757
Price/earnings (NTM) 22.72 17.99
Dividend Yield (%) 1.19 1.77
 
 
Portfolio Managers
Chris Dyer
Co-Head of the Diversified Equity Group
23 years industry experience
Ian Kirwan
Co-Head of Eaton Vance Equity Global Team
27 years industry experience
Dale MacLennan
Equity Portfolio Specialist
30 years industry experience
Team members may be subject to change at any time without notice.
 
 
 
 

Applications for shares in the Fund should not be made without first consulting the current Prospectus and the Key Information Document (KID) or Key Investor Information Document (“KIID”), which are available in English and in the official language of your local jurisdiction at morganstanleyinvestmentfunds.com or free of charge from the Registered Office of Morgan Stanley Investment Funds, European Bank and Business Centre, 6B route de Trèves, L-2633 Senningerberg, R.C.S. Luxemburg B 29 192.

Information in relation to sustainability aspects of the Fund and the summary of investor rights is available at the aforementioned website.

If the management company of the relevant Fund decides to terminate its arrangement for marketing that Fund in any EEA country where it is registered for sale, it will do so in accordance with the relevant UCITS rules.

Please visit our Glossary page for fund related terms and definitions.

Performance data quoted is based on average annualized returns and net of fees.

The source for all performance and index data is Morgan Stanley Investment Management Limited.

Performance data for funds with less than one year's track record is not shown. Performance is calculated net of fees. YTD performance data is not annualised. Performance of other share classes, when offered, may differ. Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing.

The Fund is actively managed, and the management of the fund is not constrained by the composition of the Benchmark.

The use of leverage increases risks, such that a relatively small movement in the value of an investment may result in a disproportionately large movement, unfavourable as well as favourable, in the value of that investment and, in turn, the value of the Fund.

Certain documentation available on this site may pertain to multiple sub-funds of the Morgan Stanley Investment Funds range. Please note that not all sub-funds are available in all jurisdictions and sub-funds are not available to persons resident in jurisdictions where such distribution or availability would be contrary to local laws or regulations.

1 The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account sales loads.

The Europe/Asia and South Africa category (EAA) includes funds domiciled in European markets, major cross-border Asian markets where material numbers of European UCITS funds are available (principally Hong Kong, Singapore and Taiwan), South Africa, and selected other Asian and African markets where Morningstar believes it is of benefit to investors for the funds to be included in the EAA classification system.

© 2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

2 The MSCI AC World Net Index (MSCI ACWI) is a free float-adjusted market capitalization weighted index designed to measure the equity market performance of developed and emerging markets. The term "free float" represents the portion of shares outstanding that are deemed to be available for purchase in the public equity markets by investors. The performance of the Index is listed in U.S. dollars and assumes reinvestment of net dividends.

The index is unmanaged and does not include any expenses, fees or sales charges. It is not possible to invest directly in an index. Any index referred to herein is the intellectual property (including registered trademarks) of the applicable licensor.

Entry Charge is a maximum possible figure. In some cases you might pay less, you can find this out from your financial adviser. Ongoing Charges reflect the payments and expenses incurred during the fund's operation and are deducted from the assets of the fund over the period. It includes fees paid for investment management (Management Fee), trustee/custodian, and administration charges. The Minimum Initial Investment/Minimum Subsequent Investment amounts may be in US Dollars (or the Euro Yen or Sterling equivalent of the US Dollar amount). For more information please see the Charges and Expenses section of the prospectus.

4 May not sum to 100% due to rounding. For additional information regarding sector classification/definitions please visit www.msci.com/gics and the glossary page. Cash & Equivalents are defined as the value of assets that can be converted into cash immediately. These include commercial paper, open FX transactions, Treasury bills and other short-term instruments.  Such instruments are considered cash equivalents because they are deemed liquid and not subject to significant risk of changes in values.

NTM = Next Twelve Months

 

WAM is the weighted average maturity of the portfolio. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities. By looking to a portfolio's interest rate reset schedule in lieu of final maturity dates, the WAM measure effectively captures a fund's exposure to interest rate movements and the potential price impact resulting from interest rate movements.

 

WAL is the weighted average life of the portfolio. The WAL calculation utilizes a security's stated final maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest (such as a put feature). Accordingly, WAL reflects how a portfolio would react to deteriorating credit (widening spreads) or tightening liquidity conditions.

 
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This Fund is classified as an Article 8 product under the Sustainable Finance Disclosure Regulation. Article 8 products are those which promote environmental or social characteristics and which integrate sustainability into the investment process in a binding manner.

This is a Marketing Communication.

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