Calvert Growth Allocation Fund

Shareclass
Calvert Growth Allocation I (CAGIX)
Type
Open-end mutual fund
Sustainability mandate
Member of US-SIF
Engagement grade: This fund family frequently engages the companies it invests in to push for better behavior. Learn more about engagement and socially responsible investing.
C
10.48%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
124
holdings flagged
10%
of assets flagged
Member of the Forum for Sustainable and Responsible Investment
This asset manager is a member of the Forum for Sustainable and Responsible Investment, a group advancing sustainable, responsible, and impact investing.
Member of The Forum for Sustainable and ResponsibleInvestment icon
This fund contains
 $37.97 MILLION invested 
in holdings flagged for deforestation risk
Take action
producers
Commodity producers
15 holdings
0.2% of assets
$714,701 invested
banks
Banks and lenders
19 holdings
2.47% of assets
$8.98 MILLION invested
consumers
Major consumer brands
97 holdings
7.85% of assets
$28.48 MILLION invested
Commodity producers
Commodity producers
15 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
15 HOLDINGS
  • % of portfolio
    $ invested
  • 1. International Paper Co
    Paper/pulp producer
    0.04%0.04% of portfolio
    $158,118$158,118 invested
    Paper/pulp producer
  • 2. ITOCHU Corp
    Timber producerRubber producerPaper/pulp producerPalm oil producer
    0.03%0.03% of portfolio
    $110,199$110,199 invested
    Timber producerRubber producerPaper/pulp producerPalm oil producer
  • 3. Samsung C&T Corp
    Palm oil producer
    0.02%0.02% of portfolio
    $75,685$75,685 invested
    Palm oil producer
  • 4. Bunge Global SA
    Soy producerPaper/pulp producerPalm oil producer
    0.02%0.02% of portfolio
    $69,915$69,915 invested
    Soy producerPaper/pulp producerPalm oil producer
  • 5. POSCO Holdings Inc
    Palm oil producer
    0.02%0.02% of portfolio
    $64,238$64,238 invested
    Palm oil producer
View next 5
Banks and lenders
Banks and lenders
19 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
19 HOLDINGS
  • % of portfolio
    $ invested
  • 1. JPMorgan Chase & Co
    0.73%0.73% of portfolio
    $2.66M$2.66M invested
  • 2. Bank of America Corp
    0.6%0.6% of portfolio
    $2.18M$2.18M invested
  • 3. DBS Group Holdings Ltd
    0.27%0.27% of portfolio
    $966,200$966,200 invested
  • 4. Citigroup Inc
    0.2%0.2% of portfolio
    $710,828$710,828 invested
  • 5. BNP Paribas Act. Cat.A
    0.19%0.19% of portfolio
    $674,971$674,971 invested
View next 5
Major consumer brands
Major consumer brands
97 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
97 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Amazon.com Inc
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    1.61%1.61% of portfolio
    $5.83M$5.83M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. Nestle SA
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.37%0.37% of portfolio
    $1.35M$1.35M invested
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 3. TJX Companies Inc
    Cattle major consumer brandTimber major consumer brandPaper/pulp major consumer brand
    0.37%0.37% of portfolio
    $1.34M$1.34M invested
    Cattle major consumer brandTimber major consumer brandPaper/pulp major consumer brand
  • 4. Lowe's Companies Inc
    Cattle major consumer brandTimber major consumer brandRubber major consumer brand
    0.33%0.33% of portfolio
    $1.21M$1.21M invested
    Cattle major consumer brandTimber major consumer brandRubber major consumer brand
  • 5. Costco Wholesale Corp
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.33%0.33% of portfolio
    $1.19M$1.19M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
View next 5
View more info
DATA AS OF 31 Aug 2025





Financial performance
Performance data provided byMorningstarFind more financial data on CAGIX at Morningstar.com
Current fund
CAGIX
Calvert Growth Allocation Fund
Family
Calvert Research and Management
Category
Global Aggressive Allocation
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-4.96% less in annualized returns
More invested in commodity producers 
0.05% more invested
Less invested in banks and lenders 
0.27% less invested
Less invested in major consumer brands 
2.77% less invested
Current fund
CAGIX
Calvert Growth Allocation Fund
Family
Calvert Research and Management
Category
Global Aggressive Allocation
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-4.96% less in annualized returns
More invested in commodity producers 
0.05% more invested
Less invested in banks and lenders 
0.27% less invested
Less invested in major consumer brands 
2.77% less invested
Current fund
CAGIX
Calvert Growth Allocation Fund
Family
Calvert Research and Management
Category
Global Aggressive Allocation
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: Not available
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-4.96% less in annualized returns
More invested in commodity producers 
0.05% more invested
Less invested in banks and lenders 
0.27% less invested
Less invested in major consumer brands 
2.77% less invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
CAGIX - Calvert Growth Allocation Fund
14%
15%
10%
9.64%
0.2% 
Benchmark
IVV - iShares Core S&P 500 ETF
21%
23%
18%
15%
0.14% 
Fund compared to benchmark
 
-7.02%
-7.44%
-7.14%
-4.96%
0.05%  higher
Find more financial data on CAGIX at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
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