Fund Evaluator:

Calvert Global Energy Solutions I Overview

Calvert Global Energy Solutions I (CAEIX) is a passively managed International Equity Global Small/Mid Stock fund. Calvert Research and Management launched the fund in 2007.

The investment seeks to track the performance of the Calvert Global Energy Research Index. The fund concentrates in the sustainable energy solutions industry and normally invests at least 80% of its net assets in equity securities of U.S. and non-U.S. companies whose main business is sustainable energy solutions. The index is composed of companies that manage energy use in a sustainable manner or that are actively engaged in facilitating the transition to a more sustainable economy through the reduction of greenhouse gas emissions and the expanded use of renewable energy sources.

About Calvert Global Energy Solutions I (CAEIX)

There are 2 members of the management team with an average tenure of 2.08 years: Gordon Wotherspoon (2024), Jennifer Mihara (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Calvert Global Energy Research TR USD index with a weighting of 100%. Calvert Global Energy Solutions I has 196 securities in its portfolio. The top 10 holdings constitute 10.3% 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 Global Energy Solutions I is part of the Equity global asset class and is within the International Equity fund group. Calvert Global Energy Solutions I has 65.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 34.1%. There is 65.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Calvert Global Energy Solutions I has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $75 million in total assets, which is below the $892 million average for the Global Small/Mid Stock 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.

CAEIX 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 Global Energy Solutions I expense ratio is high compared to funds in the Global Small/Mid Stock category. Calvert Global Energy Solutions I has an expense ratio of 0.99%, which is 21% lower than its category average, making the fund expense ratio grade a B. 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 Global Energy Solutions I has a portfolio turnover rate of 45%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Global Small/Mid Stock category.

Recently, in the month of July 2026, Calvert Global Energy Solutions I returned -4.7%, which earned it a grade of D, as the Global Small/Mid Stock category had an average return of -2.0%. 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 Global Energy Solutions I has a trailing yield of 0.65%, which is below the 1.34% 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 Global Energy Solutions I Grades

Year to date, the fund has returned 11.4%, 0.5 percentage points better than the category, which translates into a grade of C. The fund has returned 24.6% over the past year (grade of A), 8.4% over the past three years (grade of D) and 3.8% per year over the past five years (grade of B) and 10.8% per year over the past 10 years (grade of A).

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