CIOAX Fees and Costs — Calvert International Opportunities Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 1.32%: a 0.87% management fee, a 0.25% 12b-1 fee plus 0.20% other expenses. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2025 the fund paid $153K in broker commissions, 0.0446% of average net assets, and portfolio turnover was 36%.
CIOAX Fees and Expenses
Annual operating expenses and sales charges of CIOAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.87% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.32% |
| Fee waiver | — |
| Net expense ratio | 1.32% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CIOAX Costs Over Time
On $10,000 invested in CIOAX, assuming 5% a year before costs, total costs come to $1,473 over 5 years, cutting the return by 2.54% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $525 | $525 | $525 |
| Fund expenses (net expense ratio 1.32%) | $131 | $408 | $705 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $26 | $104 | $219 |
| Total costs | $687 | $1,051 | $1,473 |
| Value after costs | $9,813 | $10,526 | $11,290 |
| Impact on return, per year | 6.87% | 3.28% | 2.54% |
CIOAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0446%
- Total broker commissions: $153K
- Bought from dealers (principal trades, not a cost): $203.6M
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $26.9M
- Net income from securities lending: $58K (0.017% of average net assets)
CIOAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SMBC Nikko Securities America, Inc. | $32K | 23.94% |
| BNP Paribas Securities Corp. | $18K | 13.45% |
| Daiwa Capital Markets America Inc. | $18K | 13.41% |
| UBS Securities LLC | $17K | 12.41% |
| Citigroup Global Markets Inc. | $14K | 10.52% |
| Goldman Sachs & Co. LLC | $9K | 6.69% |
| Berenberg Capital Markets LLC | $9K | 6.38% |
| BofA Securities, Inc. | $6K | 4.74% |
| Jefferies LLC | $6K | 4.56% |
| Peel Hunt Inc. | $5K | 3.91% |
CIOAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $203.0M | 99.68% |
| Berenberg Capital Markets LLC | $645K | 0.32% |
Calvert International Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| COIRX | Class R6 | 0.99% | none |
| COIIX | Class I | 1.07% | none |
| CIOAX | Class A | 1.32% | 5.25% |
| COICX | Class C | 2.07% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.