Fund Evaluator:

Calvert International Equity C Overview

Calvert International Equity C (CWVCX) is an actively managed International Equity Foreign Large Growth fund. Calvert Research and Management launched the fund in 1994.

The investment seeks to provide high total return consistent with reasonable risk by investing primarily in a diversified portfolio of stocks. The fund normally invests at least 80% of its net assets, including borrowings for investment purposes, in equity securities of foreign companies (common and preferred stock and the depositary receipts on such stock). The managers define non-U.S. large-cap companies as those whose market capitalization falls within the range of the Morgan Stanley Capital International ("MSCI") Europe, Australasia and Far East ("EAFE") Index at the time of investment.

About Calvert International Equity C (CWVCX)

There are 2 members of the management team with an average tenure of 9.59 years: Ian Kirwan (2016), Christopher Dyer (2016). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Calvert International Equity C has 46 securities in its portfolio. The top 10 holdings constitute 37.0% 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 International Equity C is part of the Equity global asset class and is within the International Equity fund group. Calvert International Equity C has 97.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 97.4% 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 International Equity C has 2.6% of the portfolio in cash.

Assets Under Management

The fund has $3 million in total assets, which is below the $1 billion average for the Foreign Large Growth 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.

CWVCX 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 International Equity C expense ratio is high compared to funds in the Foreign Large Growth category. Calvert International Equity C has an expense ratio of 1.89%, which is 83% higher than its category average, making the fund expense ratio grade a F. 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 International Equity C has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.

Recently, in the month of July 2026, Calvert International Equity C returned 0.1%, which earned it a grade of A, as the Foreign Large Growth category had an average return of -2.7%. 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 International Equity C has a trailing yield of 0.47%, which is below the 0.95% 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 International Equity C Grades

Year to date, the fund has returned 9.8%, 3.3 percentage points better than the category, which translates into a grade of B. The fund has returned 20.2% over the past year (grade of B), 9.3% over the past three years (grade of D) and 4.1% per year over the past five years (grade of C) and 7.8% per year over the past 10 years (grade of D).

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