Calvert
Global Real Estate Fund
September 30, 2022
Schedule of Investments (Unaudited)

Common Stocks — 98.6%
    
Security Shares Value
Australia — 2.2%  
Dexus   6,293 $   31,305
National Storage REIT   20,236    29,139
Shopping Centres Australasia Property Group   14,673    22,124
      $   82,568
Belgium — 1.5%  
Aedifica S.A.   496 $   38,232
Warehouses De Pauw CVA   819    20,115
      $   58,347
Canada — 2.4%  
Chartwell Retirement Residences   3,783 $25,442
RioCan Real Estate Investment Trust   4,969 66,980
      $92,422
France — 0.7%  
Klepierre S.A.   1,528 $26,565
      $26,565
Germany — 1.2%  
Grand City Properties S.A.   2,091 $20,720
Vonovia SE   1,204 25,984
      $46,704
Hong Kong — 5.3%  
Hongkong Land Holdings, Ltd.   10,500 $46,137
Link REIT   9,300 64,919
Sun Hung Kai Properties, Ltd.   5,500 60,699
Wharf Real Estate Investment Co., Ltd.   7,000 31,734
      $203,489
Japan — 8.7%  
GLP J-REIT   36 $39,926
Japan Metropolitan Fund Investment Corp.   59 44,298
Japan Real Estate Investment Corp.   10 41,254
LaSalle Logiport REIT   19 21,256
Mitsubishi Estate Co., Ltd.   3,600 47,434
Mitsubishi Estate Logistics REIT Investment Corp.   7 21,854
Mitsui Fudosan Co., Ltd.   3,000 57,150
Nippon Building Fund, Inc.   13 57,206
      $330,378
Netherlands — 0.5%  
Eurocommercial Properties NV   1,022 $20,232
      $20,232
Security Shares Value
Singapore — 2.6%  
CapitaLand Integrated Commercial Trust   14,900 $   19,820
City Developments, Ltd.   4,000    21,080
Digital Core REIT Management Pte, Ltd.   25,000    17,413
Suntec Real Estate Investment Trust   36,700    39,026
      $   97,339
Spain — 1.1%  
Inmobiliaria Colonial Socimi S.A.   2,934 $   14,166
Merlin Properties Socimi S.A.   3,385    26,119
      $40,285
Sweden — 1.0%  
Catena AB   709 $21,037
Fabege AB   2,669 18,130
      $39,167
United Kingdom — 4.4%  
Derwent London PLC   1,160 $26,170
Empiric Student Property PLC   19,586 18,793
Helical PLC   3,492 13,945
Land Securities Group PLC   4,045 23,373
Safestore Holdings PLC   1,925 17,915
Segro PLC   5,900 49,229
UNITE Group PLC (The)   2,065 19,606
      $169,031
United States — 67.0%  
Agree Realty Corp.   1,316 $88,935
American Tower Corp.   1,302 279,539
Americold Realty Trust, Inc.   1,825 44,895
AvalonBay Communities, Inc.   705 129,854
Brixmor Property Group, Inc.   2,883 53,249
Crown Castle, Inc.   533 77,045
Digital Realty Trust, Inc.   1,334 132,306
Duke Realty Corp.   1,157 55,767
Equity Residential   1,794 120,593
Extra Space Storage, Inc.   442 76,338
Federal Realty Investment Trust   534 48,124
Healthpeak Properties, Inc.   1,669 38,253
Host Hotels & Resorts, Inc.   2,310 36,683
Iron Mountain, Inc.   2,371 104,253
Kilroy Realty Corp.   681 28,677
Life Storage, Inc.   551 61,029
Mid-America Apartment Communities, Inc.   744 115,372
Prologis, Inc.   2,081 211,430
Public Storage   626 183,299
Realty Income Corp.   2,036 118,495
 
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Calvert
Global Real Estate Fund
September 30, 2022
Schedule of Investments (Unaudited) — continued

Security Shares Value
United States (continued)  
RPT Realty   4,573 $   34,572
SBA Communications Corp.   357   101,620
Simon Property Group, Inc.   543    48,734
SITE Centers Corp.   3,366    36,050
SL Green Realty Corp.   704    28,273
Sun Communities, Inc.   437    59,139
UDR, Inc.   976    40,709
Welltower, Inc.   2,696   173,407
Weyerhaeuser Co.   977 27,903
      $2,554,543
Total Common Stocks
(identified cost $4,860,611)
    $3,761,070
    
Short-Term Investments — 0.7%
    
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 2.80%(1)   29,003 $   29,003
Total Short-Term Investments
(identified cost $29,003)
    $   29,003
    
     
Total Investments — 99.3%
(identified cost $4,889,614)
  $3,790,073
Other Assets, Less Liabilities — 0.7%   $   25,155
Net Assets — 100.0%   $3,815,228
    
The percentage shown for each investment category in the Schedule of Investments is based on net assets.
(1) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of September 30, 2022.
At September 30, 2022, the concentration of the Fund’s investments in the various sectors, determined as a percentage of net assets, was as follows:
Economic Sectors % of Net Assets
Retail 14.8%
Residential 14.5
Industrial 12.7
Infrastructure REITs 12.0
Diversified 10.4
Self Storage 9.7
Office 8.2
Health Care 7.2
Data Centers 3.9
Specialty 2.7
Lodging/Resorts 1.0
Industrial/Office Mixed 0.8
Timber REITs 0.7
Total 98.6%
 
The Fund did not have any open derivative instruments at September 30, 2022.
Affiliated Investments
At September 30, 2022, the value of the Fund’s investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio (Liquidity Fund) was $29,003, which represents 0.7% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended September 30, 2022 were as follows:
Name Value,
beginning
of period
Purchases Sales
proceeds
Net
realized
gain
(loss)
Change in
unrealized
appreciation
(depreciation)
Value,
end of
period
Dividend
income
Shares,
end of
period
Short-Term Investments            
Liquidity Fund $ — $1,553,040 $(1,524,037) $ — $ — $29,003 $398 29,003
Fair Value Measurements
U.S. generally accepted accounting principles (U.S. GAAP) establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:
Level 1 - quoted prices in active markets for identical securities
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
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Calvert
Global Real Estate Fund
September 30, 2022
Schedule of Investments (Unaudited) — continued

Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following table summarizes the market value of the Fund's holdings as of September 30, 2022, based on the inputs used to value them:
Asset Description Level 1 Level 2 Level 3 Total
Common Stocks:        
Australia $ — $82,568 $ — $82,568
Belgium  — 58,347  — 58,347
Canada 92,422  —  — 92,422
France  — 26,565  — 26,565
Germany  — 46,704  — 46,704
Hong Kong  — 203,489  — 203,489
Japan  — 330,378  — 330,378
Netherlands  — 20,232  — 20,232
Singapore  — 97,339  — 97,339
Spain  — 40,285  — 40,285
Sweden  — 39,167  — 39,167
United Kingdom  — 169,031  — 169,031
United States 2,554,543  —  — 2,554,543
Total Common Stocks $2,646,965 $1,114,105(1) $ — $3,761,070
Short-Term Investments $29,003 $ — $ — $29,003
Total Investments $2,675,968 $1,114,105 $ — $3,790,073
    
(1) Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.
For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual report to shareholders.
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