Investment Overview

The Calvert US Small-Cap Strategy offers exposure to a broadly diversified portfolio of quality, U.S. small-cap companies meeting our responsible investing principles.
 

Investment Philosophy

We focus on three definable inputs - Quality, Valuation, and Time (QVT). Our focus on quality drives a preference for well-entrenched franchises with durable and scalable business models, typically benefitting from either structural growth (compounders) or structural change (improvers). We believe a disciplined combination of quality in a reward-to-risk framework with a long-term mindset can uncover sources of alpha in the broad and inefficient small cap universe.
 

Investment People

6 person team with an average of 15 years experience located in Boston
Supported by the broader Calvert Vance equity group with over 501 investment professionals
Analyst-driven process with collaborative culture
High levels of accountability, with distinct lines of responsibility
1Portfolio managers, analysts, and traders including U.S. and Global/International Equity team members.
 

Process

Structured to implement our philosophy in a disciplined and repeatable reward-to-risk framework
Designed to maximize the impact of fundamental bottom-up stock selection
Portfolio exercises ensure team ownership, encourage collaboration, and test biases
1000+ company meetings per annum
 

Portfolio Construction

50 - 100 holdings
Quality/core bias
Expect resilience in down markets
Alpha driven by bottom-up stock selection
Clearly defined risk parameters

Investment Team

J. Griffith Noble, CFA

Portfolio Manager

Energy, Industrials & Materials

23 years of industry experience

2 years at Calvert

BS, University of Vermont

MBA, Babson College


Michael D. McLean, CFA

Portfolio Manager

Consumer Discretionary & Consumer Staples

17 years of industry experience

2 years at Calvert

BS, Providence College


 

Benchmark

Russell 2000® Index
 

Disclosure

Calvert Research and Management is an SEC registered investment adviser and wholly owned subsidiary of Eaton Vance Management.