Calvert US Mid Cap Core Rspnb Idx I (CMJIX) Fund Overview

Calvert US Mid Cap Core Rspnb Idx I (CMJIX) Financial Services Profile

Calvert US Mid Cap Core Rspnb Idx I (CMJIX) is an index fund focused on mid-cap U.S. equities that meet specific responsible investment criteria. With approximately $0.46 billion in assets, CMJIX provides investors exposure to companies operating in alignment with the Calvert Principles, differentiating itself through its commitment to socially responsible investing.

What Is the Investment Thesis for CMJIX?

Calvert US Mid Cap Core Rspnb Idx I presents an investment opportunity for those seeking exposure to mid-cap U.S. equities with a focus on responsible investing. The fund's passive management style and adherence to the Calvert Principles offer a differentiated approach compared to traditional market-cap-weighted indexes. With a beta of 1.13, CMJIX exhibits slightly higher volatility than the broader market. The fund's value proposition lies in its alignment with ESG considerations, which may appeal to investors with specific ethical or social preferences. However, the absence of a dividend yield may deter income-seeking investors. The fund's performance is closely tied to the performance of its underlying index and the overall mid-cap equity market. Growth catalysts include increasing investor interest in ESG investing and potential outperformance of companies that prioritize responsible business practices. Potential risks include underperformance relative to traditional market-cap-weighted indexes and the potential for changes in the Calvert Principles to impact the fund's investment universe.

Based on FMP financials and quantitative analysis

CMJIX Key Highlights

Market Cap of $0.46 billion, indicating a mid-sized fund within the asset management landscape.

• Beta of 1.13, suggesting slightly higher volatility compared to the broader market.
• Investment strategy focused on replicating the performance of an index composed of mid-sized U.S. companies that meet specific environmental, social, and governance (ESG) criteria.
• Adherence to the Calvert Principles for Responsible Investment, providing a framework for selecting companies with responsible business practices.
• Absence of a dividend yield, which may be a consideration for income-seeking investors.

Who Are CMJIX's Competitors?

CMJIX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are CMJIX's Key Strengths?

Focus on responsible investing aligns with growing investor demand.

• Passive management style offers cost-effectiveness.
• Established brand recognition in the ESG space.
• Clear investment mandate based on the Calvert Principles.

What Are CMJIX's Weaknesses?

Absence of a dividend yield may deter income-seeking investors.

• Performance is tied to the performance of the underlying index.
• Potential for underperformance relative to traditional market-cap-weighted indexes.
• Limited flexibility in investment decisions due to passive management.

What Are the Key Risks for CMJIX?

Changes in the Calvert Principles could impact the fund's investment universe.

• Increased competition from other ESG-focused funds.
• Economic downturn could negatively impact the performance of mid-cap equities.
• Underperformance relative to traditional market-cap-weighted indexes.

What Are CMJIX's Competitive Advantages?

• Adherence to the Calvert Principles for Responsible Investment provides a unique selling proposition.
• Established track record in socially responsible investing.
• Passive management style offers cost-effectiveness.
• Brand recognition associated with the Calvert name.

What Does CMJIX Do?

Calvert US Mid Cap Core Rspnb Idx I is a passively managed fund designed to track the performance of an index composed of mid-sized U.S. companies that meet specific environmental, social, and governance (ESG) criteria, as defined by the Calvert Principles for Responsible Investment. The fund was created to provide investors with exposure to the mid-cap segment of the U.S. equity market while adhering to responsible investment standards. CMJIX invests in the common stock of companies included in its benchmark index, holding each stock in approximately the same proportion as its representation in the index. The fund typically invests at least 95% of its net assets, including borrowings for investment purposes, in securities contained within the index. The Calvert Principles serve as the guiding framework for selecting companies that demonstrate responsible business practices. By focusing on companies that meet these principles, CMJIX aims to deliver both financial returns and positive social impact. The fund's investment strategy is centered on replicating the index's performance, which involves regularly rebalancing the portfolio to maintain alignment with the index's composition. CMJIX offers investors a way to participate in the growth of mid-sized U.S. companies while supporting responsible corporate behavior.

What Products and Services Does CMJIX Offer?

• Invests in common stock of mid-sized U.S. companies.
• Tracks an index composed of companies adhering to responsible investment principles.
• Mirrors the index's composition by holding stocks in similar proportions.
• Focuses on companies that align with the Calvert Principles for Responsible Investment.
• Aims to deliver financial returns while promoting positive social impact.
• Regularly rebalances the portfolio to maintain alignment with the index.

How Does CMJIX Make Money?

• Passively manages a portfolio of mid-cap U.S. equities.
• Generates revenue through management fees charged to investors.
• Seeks to replicate the performance of its underlying index.
• Selects companies based on their adherence to the Calvert Principles.

What Industry Does CMJIX Operate In?

Calvert US Mid Cap Core Rspnb Idx I operates within the asset management industry, specifically targeting the market for socially responsible investing (SRI). The SRI market has experienced significant growth in recent years, driven by increasing investor awareness of ESG issues and a desire to align investments with personal values. The competitive landscape includes both traditional asset managers and specialized SRI funds. Competitors such as CMJAX, EXHAX, FSCHX, FSRBX, and FSRFX offer alternative investment options within the mid-cap equity space. CMJIX differentiates itself through its adherence to the Calvert Principles and its focus on responsible investing.

Who Are CMJIX's Key Customers?

• Individual investors seeking socially responsible investments.
• Institutional investors with ESG mandates.
• Financial advisors looking for ESG-aligned investment options.
• Retirement plans offering ESG-focused investment choices.

CMJIX Financials

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Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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