|
Calvert Global Water Fund at a Glance - A Calvert Solution Strategy Objective
Long-term growth of capital by investing at least 80% of its net assets in equity securities of companies involved in the water sector or water related services
Fund Symbols
CFWAX, CFWCX, CFWYX
Fund CUSIPS
13161P 797 (A-Class),13161P 789 (C-Class),13161P 771(Y-Class)
Strategy
Combination of quantitative and fundamental investment processes
Cap Size
All-market-cap
Geography
U.S. and non-U.S. companies
Benchmarks
MSCI World Index (Active); Janney Global Water Index (Passive)
Portfolio Manager
Jens Peers of Subadvisor KBC Asset Management International, Ltd.
Share Classes
A, C and Y About Calvert.
Calvert has the expertise to manage a global water fund. Calvert is an investment management firm with over $15 billion in assets under management1. Calvert is a leader in sustainable and responsible investing and manages over $6 billion in sustainable and responsible asset management strategies for institutional and individual investors. Calvert has one of the largest research departments in the U.S. dedicated to environmental, human rights and corporate governance issues. Our team of 18 social investment research analysts brings a wealth of experience to the complex and sensitive environmental, human rights, and governance issues related to investing in natural resources. When you combine that with Calvert's rigorous analysis and independent thinking, Calvert is a company you can trust.
An actively managed fund
Unlike passively managed funds, the Calvert Global Water Fund is actively managed, allowing for a proactive and highly dynamic approach. Backed by a team of research analysts, our portfolio managers scour the market to discern those companies that we believe will have a truly sustainable competitive advantage. In an emerging technology sector that's abundant with opportunity and risk, an active management approach offers investors the added confidence of knowing that investment professionals are constantly reviewing the marketplace to maximize potential while reducing risk.
Calvert is pleased to be working with the Fund's subadvisor, KBC Asset Management International, Limited, of Ireland, to manage the Calvert Global Water Fund. They have been actively involved in the water investment field since 2000 and regional equity experts in seven global cities back their dedicated Eco-Funds management team. KBC Asset Management International, Limited is a subsidiary of Europe's 10th largest bank, The KBC Group. The KBC Group has over 12 million customers, 50,000 employees and $591 billion in assets under management2.
Investing throughout the entire water network.
The Calvert Global Water Fund is not just an investment in drinking water or infrastructure, but in the entire water network — capture, storage, delivery, treatment and filtration — encompassing each stage of the water cycle. Water is needed for so much more than just drinking so Calvert wants to make sure that all pieces of the water puzzle are thought about and considered.
A pure water fund.
Unlike other water funds, 80% of the Calvert Global Water Fund's assets are derived from companies in the water sector. Calvert defines a company in the water sector as one in which at least 50% of its business is related to water.
Water is a human right.
We believe that all of us have a right to clean water. When you invest in the Calvert Global Water Fund, you invest in that right. Calvert strives to invest only in companies that support this objective.
1Assets under management by Calvert Asset Management Company, Inc. as of August 31, 2008.
2Assets under management by The KBC Group as of June 30, 2008.
------------------------------
A Word About the Investment Risks. Calvert Global Water Fund is subject to the risk that stocks that comprise the water sector may decline in value. The water industry can be significantly affected by common economic trends, such as the availability of water, the level of rainfall and consumption, and other climatic events, in addition to environmental considerations, taxation, and government regulation (including the cost of compliance). The Fund is non-diversified and may invest more of its assets in a smaller number of companies; therefore, gains or losses on a single stock may have greater impact on the Fund. The stock markets in which the Fund invests may also experience periods of volatility and instability. Consequently, the Fund may tend to be more volatile than other mutual funds. Lastly, foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations.
Investment in mutual funds involves risk, including possible loss of principal invested.
For more information on any Calvert fund, please contact Calvert at 800.818.8397 for a free prospectus.An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing. The prospectus contains this and other information.Read it carefully before you invest or send money.
Calvert mutual funds are underwritten and distributed by Calvert Distributors, Inc., member FINRA, a subsidiary of Calvert Group, Ltd. #8274 (09/08)
More Info
|
