CMCIX — Calvert Small/Mid-Cap Fund
Data updated: 2026-08-24
CMCIX — Calvert Small/Mid-Cap Fund. United States Mid Cap Growth Equity · $208.68M AUM · 1.89% expense ratio. Holdings, fees, performance and SEC filings.
CMCIX Fund Overview
CMCIX — Calvert Small/Mid-Cap Fund is a US mutual fund managed by Calvert Management Series, categorised as United States Mid Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Calvert Management Series
- Category: United States Mid Cap Growth Equity
- Assets under management: $208.68M
- 1-year return: 4.6%
- Ticker: CMCIX
- SEC CIK: 0000319676
- SEC series ID: S000080181
- Share class ID: C000241883
CMCIX Investment Objective and Strategy
Calvert Small/Mid-Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Calvert Management Series.
Investment objective
The Funds investment objective is to provide growth of capital.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks of small- to mid-capitalization companies (the 80% Policy). The Fund defines small- to mid-capitalization companies as those whose market capitalization falls within the range of the Russell 2500 Index at the time of investment. The Fund may also invest in larger or smaller companies that the investment adviser believes have growth characteristics as described below. As of March 31, 2026, the market capitalization range for Russell 2500 Index was $4 million to $94 billion. Market capitalizations of companies within the Russell 2500 Index are subject to change. The Fund may invest up to 25% of its total assets in foreign securities, some of which may be issued by companies domiciled in emerging market countries.
As an alternative to holding foreign stocks directly, the Fund may invest in U.S. dollar-denominated securities of foreign companies that trade on U.S. exchanges or in the over-the-counter market (including depositary receipts, such as American Depositary Receipts (ADRs), which are either sponsored or unsponsored, and Global Depositary Receipts, that evidence ownership in underlying foreign stocks). The Fund may invest in exchange-traded funds (ETFs), a type of pooled investment vehicle, in order to manage cash positions or seek exposure to certain markets or market sectors. The Fund may also invest in publicly traded real estate investment trusts (REITs). Investment decisions for the Fund are made primarily on the basis of fundamental research and consideration of the responsible investing criteria described below.
The portfolio managers utilize information provided by, and the expertise of the investment advisers research staff in making investment decisions. The portfolio managers look for companies that, in their opinion, are high in quality or improving in quality. The portfolio managers take a long-term perspective when selecting companies and the quality focus typically leads them to companies benefitting from structural growth or structural change. Sought after company characteristics may include: a business model with identifiable competitive advantage(s)/barrier(s) to entry, a scalable market opportunity, a solid balance sheet, and a strong management team with a history of good capital allocation. Such companies typically exhibit high or improving returns on capital, strong free-cash-flow generation, and positive or inflecting earnings.
The portfolio managers also employ a disciplined valuation framework in pursuit of attractive risk adjusted returns. The portfolio managers seek to manage investment risk by maintaining broad issuer and industry diversification among the Funds holdings, and by utilizing fundamental analysis of risk/return characteristics in securities selection. Securities may be sold if, in the opinion of the portfolio managers, the price moves above a fair level of valuation, the companys fundamentals deteriorate, or to pursue more attractive investment opportunities. Responsible Investing . The portfolio manager(s) seek to invest in companies that manage environmental, social and governance (ESG) risk exposures adequately and that are not exposed to excessive ESG risk through their principal business activities.
Companies are analyzed by the investment advisers ESG analysts utilizing The Calvert Principles for Responsible Investment (Principles), a framework for considering ESG factors (a copy of which is included as an appendix to the Funds Prospectus). Each company is evaluated relative to an appropriate peer group based on material ESG factors as determined by the investment adviser. Pursuant to the Principles, the investment adviser seeks to identify companies and other issuers that operate in a manner that is consistent with or promotes environmental sustainability and resource efficiency, equitable societies and respect for human rights, and accountable governance and transparency.
CMCIX Holdings
Top 10 holdings of Calvert Small/Mid-Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| CSW Industrials Inc | 2.96% |
| Dorman Products Inc | 2.70% |
| Franklin Electric Co Inc | 2.38% |
| Performance Food Group Co | 2.34% |
| Valvoline Inc | 2.20% |
| Donaldson Co Inc | 2.15% |
| Royalty Pharma PLC | 2.15% |
| Wyndham Hotels & Resorts Inc | 2.07% |
| Southstate Bank Corp. | 1.92% |
| Cincinnati Financial Corp | 1.90% |
CMCIX Portfolio Allocation
Asset-class allocation of Calvert Small/Mid-Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.3% |
| Cash & Equivalents | 1.8% |
CMCIX Performance
Total returns for CMCIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.6% |
| 1 year | 4.6% |
| 3 years (annualised) | 5.3% |
CMCIX Risk Information
Risk metrics for CMCIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.8%
CMCIX Costs and Fees
CMCIX costs about $189 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.89%
- Gross expense ratio: 1.92%
- Portfolio turnover: 48%
- Brokerage commissions: 3.84 bps of average net assets (SEC N-CEN)
CMCIX Cashflows
Over the 12 months to 2026-06, Calvert Small/Mid-Cap Fund had net inflows of $179.43M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.99M |
| 2026-05 | −$2.32M |
| 2026-04 | −$3.06M |
| 2026-03 | −$1.94M |
| 2026-02 | −$2.93M |
| 2026-01 | −$2.37M |
CMCIX Debt Constituents
No individual debt constituents are reported in Calvert Small/Mid-Cap Fund's latest SEC N-PORT filing.
CMCIX Prospectus and SEC Filings
Official Calvert Small/Mid-Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus supplement (497) — filed 2025-08-08
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2026-03-16
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other United States Mid Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.