Fund Evaluator:
Calvert Growth Allocation A (CAAAX)
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Best Performing in Global Aggressive Allocation Over the Last Year
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Fund Details
Calvert Growth Allocation A Overview
Calvert Growth Allocation A (CAAAX) is an actively managed Allocation Global Aggressive Allocation fund. Calvert Research and Management launched the fund in 2005.
The investment seeks long-term capital appreciation. The fund is a "fund of funds" that seeks to achieve its investment objective by primarily allocating its assets among underlying Calvert income and equity funds meeting its investment criteria, including the responsible investing criteria. It typically invests 80%-100% of its net assets in funds that invest primarily in equity securities and up to 20% of its net assets in funds that invest primarily in income securities. The fund may also invest 0% to 10% of net assets in cash and short-term money market instruments.
About Calvert Growth Allocation A (CAAAX)
There are 2 members of the management team with an average tenure of 3.61 years: Jim Caron (2024), Schuyler Hooper (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 4 primary benchmarks: Russell 3000 TR USD index with a weighting of 100%, MSCI ACWI Ex USA IMI NR USD index with a weighting of 30%, Bloomberg US Agg Bond TR USD index with a weighting of 10% and Russell 3000 TR USD index with a weighting of 60%. Calvert Growth Allocation A has 19 securities in its portfolio. The top 10 holdings constitute 92.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Calvert Growth Allocation A is part of the Allocation global asset class and is within the Allocation fund group. Calvert Growth Allocation A has 27.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 62.6%. There is 26.5% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 7.9% (7.1% domestic bond, 0.8% foreign bond and 0.0% convertible bond). Calvert Growth Allocation A has 2.8% of the portfolio in cash.
Assets Under Management
The fund has $306 million in total assets, which is below the $328 million average for the Global Aggressive Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CAAAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Calvert Growth Allocation A expense ratio is high compared to funds in the Global Aggressive Allocation category. Calvert Growth Allocation A has an expense ratio of 0.91%, which is 11% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Calvert Growth Allocation A has a portfolio turnover rate of 35%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 30% for the Global Aggressive Allocation category.
Recently, in the month of July 2026, Calvert Growth Allocation A returned -1.2%, which earned it a grade of C, as the Global Aggressive Allocation category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Calvert Growth Allocation A has a trailing yield of 1.43%, which is above the 1.37% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Calvert Growth Allocation A Grades
Year to date, the fund has returned 10.2%, 0.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 18.7% over the past year (grade of D), 13.4% over the past three years (grade of F) and 6.9% per year over the past five years (grade of F) and 10.5% per year over the past 10 years (grade of D).
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CAAAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CAAAX Return (NAV) | -1.2% | 4.3% | 18.7% | 13.4% | 6.9% | 10.5% |
| CAAAX Grade | C | A | D | F | F | D |
| +/- Category | -0.3% | 1.2% | -0.9% | -2.3% | -1.3% | -0.3% |
| Global Aggressive Allocation Avg | -0.9% | 3.2% | 19.6% | 15.7% | 8.2% | 10.8% |
| CAAAX Tax Cost Ratio | na | na | 1.2% | 1.1% | 1.1% | 1.2% |
CAAAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CAAAX Return (NAV) | 10.2% | 14.9% | 12.6% | 15.1% | -18.3% | 16.4% | 18.5% | 27.3% | -7.7% | 20.3% | 7.6% |
| CAAAX Grade | C | F | D | F | C | D | C | B | A | F | B |
| +/- Category | -0.3% | -3.4% | -2.1% | -3.5% | 0.5% | -0.4% | 0.6% | 1.9% | 2.5% | -3.0% | 0.4% |
| Global Aggressive Allocation Avg | 10.5% | 18.4% | 14.7% | 18.6% | -18.8% | 16.8% | 18.0% | 25.5% | -10.3% | 23.3% | 7.2% |
| Risk Measures | |
| Standard Deviation: | 12.2% |
| Total Risk Index: | 0.99 - Average |
| Category Risk Index: | 0.97 - Average |
| Category Risk Grade: | C (44% Rank) |
| Beta: | 1.26 |
| R-Squared: | 94% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 1.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $385 Mil |
| Fund Total Assets: | $ 306 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 35% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.7 years | |||
| Average Tenure: 3.6 years | |||
| Managers (Year): Hooper Schuyler (2021), Caron Jim (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 19 |
| % in Top 10 Holdings: | 92.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 27.3% |
Portfolio Allocation |
|
| Domestic Stock: | 62.6% |
| Foreign Stock: | 26.5% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 7.1% |
| Foreign Bond: | 0.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.8% |
Purchase Information
| Fund Family: | Calvert Research and Management |
| Phone Number: | 800-368-2745 |
| Website: | www.calvert.com |
| Status: | Open |
| Inception Date: | June 30, 2005 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.91% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.02% |
| Share Class: | Calvert Growth Allocation A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
