Fund Evaluator:
Calvert Equity A (CSIEX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Calvert Equity A Overview
Calvert Equity A (CSIEX) is an actively managed U.S. Equity Large Blend fund. Calvert Research and Management launched the fund in 1987.
The investment seeks growth of capital through investment in stocks believed to offer opportunities for potential capital appreciation. The fund normally invests at least 80% of its net assets, including borrowings for investment purposes, in equity securities (common stock). It will normally invest in common stocks of companies having market capitalizations that rank among the top 1,000 U.S. listed companies. The fund may invest up to 25% of its assets in U.S. dollar-denominated securities of foreign companies that trade on U.S. exchanges or in the over-the-counter market (including depositary receipts which evidence ownership in underlying foreign stocks).
About Calvert Equity A (CSIEX)
There are 4 members of the management team with an average tenure of 11.13 years: Joseph Hudepohl (2015), Jeffrey Miller (2015), Lance Garrison (2015), Robert Walton (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Growth TR USD index with a weighting of 100%. Calvert Equity A has 66 securities in its portfolio. The top 10 holdings constitute 43.8% 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 Equity A is part of the Equity global asset class and is within the U.S. Equity fund group. Calvert Equity A has 0.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.9%. There is 0.5% 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 Equity A has 3.5% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $6 billion average for the Large Blend 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.
CSIEX 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 Equity A expense ratio is high compared to funds in the Large Blend category. Calvert Equity A has an expense ratio of 0.91%, which is 12% higher than its category average, making the fund expense ratio grade a D. 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 Equity A has a portfolio turnover rate of 14%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, Calvert Equity A returned 6.3%, which earned it a grade of A, as the Large Blend category had an average return of 0.4%. 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 Equity A has a trailing yield of 0.18%, which is below the 0.56% 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 Equity A Grades
Year to date, the fund has returned -4.7%, 14.0 percentage points worse than the category, which translates into a grade of F. The fund has returned -3.2% over the past year (grade of F), 5.2% over the past three years (grade of F) and 3.2% per year over the past five years (grade of F) and 11.8% per year over the past 10 years (grade of F).
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CSIEX 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 |
|
| CSIEX Return (NAV) | 6.3% | 2.4% | -3.2% | 5.2% | 3.2% | 11.8% |
| CSIEX Grade | A | F | F | F | F | F |
| +/- Category | 5.8% | -1.7% | -20.6% | -12.1% | -7.9% | -1.9% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| CSIEX Tax Cost Ratio | na | na | 4.5% | 2.3% | 1.7% | 1.6% |
CSIEX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CSIEX Return (NAV) | -4.7% | 7.0% | 8.4% | 17.9% | -17.6% | 28.9% | 24.3% | 36.5% | 5.0% | 25.8% | 2.3% |
| CSIEX Grade | F | F | F | F | C | A | A | A | A | A | F |
| +/- Category | -14.0% | -8.9% | -13.7% | -5.8% | -0.3% | 2.4% | 6.7% | 6.7% | 10.9% | 4.5% | -7.9% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 12.5% |
| Total Risk Index: | 1.02 - Average |
| Category Risk Index: | 0.94 - Below Average |
| Category Risk Grade: | B (21% Rank) |
| Beta: | 0.74 |
| R-Squared: | 60% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3396 Mil |
| Fund Total Assets: | $1,571 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 14% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 11.1 years | |||
| Average Tenure: 11.1 years | |||
| Managers (Year): Hudepohl Joseph (2015), Miller Jeffrey (2015), Garrison Lance (2015), Walton Robert (2015) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 66 |
| % in Top 10 Holdings: | 43.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.5% |
Portfolio Allocation |
|
| Domestic Stock: | 95.9% |
| Foreign Stock: | 0.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.5% |
Purchase Information
| Fund Family: | Calvert Research and Management |
| Phone Number: | 800-368-2745 |
| Website: | www.calvert.com |
| Status: | Open |
| Inception Date: | August 24, 1987 |
| 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 (%): | 0.81% |
| Share Class: | Calvert Equity A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
