Clients
Calvert Research and Management serves 1,915 clients, 1,865 of them other clients. The average client has about $21 million with the firm.
- Investment companies44 clients98%
- OtherPooled investment vehicles, Pension and profit-sharing plans, Corporations and other businesses, Other2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 44 | $39,276,450,862 | 97.6% | $892.6M |
| Pooled investment vehicles | 1 | $42,257,864 | 0.1% | $42.3M |
| Pension and profit-sharing plans | 3 | $469,356,896 | 1.2% | $156.5M |
| Corporations and other businesses | 2 | $30,823,423 | 0.1% | $15.4M |
| Other | 1,865 | $438,441,529 | 1.1% | $235K |
| Total | 1,915 | $40,257,330,574 | 100% | $21.0M |
- Clients
- 44
- Regulatory AUM
- $39,276,450,862
- Share
- 97.6%
- Avg. per client
- $892.6M
- Clients
- 1
- Regulatory AUM
- $42,257,864
- Share
- 0.1%
- Avg. per client
- $42.3M
- Clients
- 3
- Regulatory AUM
- $469,356,896
- Share
- 1.2%
- Avg. per client
- $156.5M
- Clients
- 2
- Regulatory AUM
- $30,823,423
- Share
- 0.1%
- Avg. per client
- $15.4M
- Clients
- 1,865
- Regulatory AUM
- $438,441,529
- Share
- 1.1%
- Avg. per client
- $235K
Total
- Clients
- 1,915
- Regulatory AUM
- $40,257,330,574
- Share
- 100%
- Avg. per client
- $21.0M
What it does
Calvert Research and Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and other activities. It is paid through a percentage of assets.
Calvert Research and Management provided financial planning to 0 clients last fiscal year and advises no private funds.
100.0% of assets ($40.26B across 1,915 accounts) are managed with discretion. $438.4M sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 2 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 105%. The values below are shown as filed.
- Exchange-traded equity securities
- 17%
- U.S. government/agency bonds
- 49%
- U.S. state and local bonds
- 1%
- Sovereign bonds
- 1%
- Investment grade corporate bonds
- 21%
- Other (Asset Backed Securities, Collateralized Loan Obligations (clos), Collateralized Mortgages, Commercial Mortgage Backed Securities (CMBS), Loan Participations)
- 16%
Custodians
Calvert Research and Management’s client accounts are held mainly at Morgan Stanley, with 1% of managed assets, and J.P. Morgan, with 1%. Calvert Research and Management has custody of client assets.
- J.P. MorganJP Morgan Chase Bank National Association · New York, NY · $338.2M1%
- Morgan StanleyMorgan Stanley Smith Barney LLC · Purchase, NY · $438.4M1%
- OtherCaisse Des Depots Et Consignations, All other custodians98%
Ownership and leadership
Eaton Vance Management owns 75% or more of Calvert Research and Management, and Von Hughes is its CEO.
- Owns 75% or more of Calvert Research and Management
Eaton Vance Management
Control person · since September 2016
- Owns 75% or more of Eaton Vance Management
Morgan Stanley Capital Management LLC
Control person · since August 2023
- Owns 75% or more of Morgan Stanley Capital Management LLC
Morgan Stanley
Control person · since October 2002
Leadership
- Von HughesPresident and Chief Executive Officer
- Hope Brown SaxtonChief Compliance Officer and Vice President
- Victoria EcksteinVice President
Staff
- 64 employees
- 57 in advisory functions
- 4 broker-dealer reps
- 3 soliciting firms
Fees
Calvert Research and Management is paid through a percentage of assets under management.
Calvert Research and Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Calvert Research and Management has 3 offices, with 4 listed addresses across 4 states.
District of Columbia · 1 listed address
- 2050 M Street NW, Suite 200, WashingtonHQ
Massachusetts · 1 listed address
- One Post Office Square, Boston
New York · 1 listed address
- 1585 Broadway, New York
Washington · 1 listed address
- 800 Fifth Avenue, Seattle
Registration details
- Legal name
- Calvert Research and Management
- Headquarters
- 2050 M Street NW, Suite 200, Washington, DC 20036
- Phone
- 800-368-2745
- Website
- www.calvert.com
- SEC file
- 801-108378
- Structure
- Massachusetts other (specify)
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Calvert Research and Management have?
Calvert Research and Management has 1,915 clients and manages $40.3 billion for them, as of July 2026. They include 1,865 other clients, 44 investment companies and 3 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 July 2026
What services does Calvert Research and Management offer?
Calvert Research and Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Calvert Research and Management use?
Calvert Research and Management’s separately managed account assets are held at Morgan Stanley Smith Barney LLC (Purchase, NY), with $438,411,529, JP Morgan Chase Bank National Association (New York, NY), with $338,163,641 and Caisse Des Depots Et Consignations (Paris), with $131,193,254. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 July 2026
How many financial advisors does Calvert Research and Management have?
Calvert Research and Management has 0 investment adviser representatives registered with state securities authorities, out of 64 employees, and 57 perform investment advisory functions. 4 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Calvert Research and Management invest in?
At the end of its last fiscal year, Calvert Research and Management’s separately managed accounts held 49% U.S. government and agency bonds, 21% investment grade corporate bonds, 17% exchange-traded equities, 16% asset backed securities, collateralized loan obligations (clos), collateralized mortgages, commercial mortgage backed securities (cmbs), loan participations, 1% state and local bonds and 1% sovereign bonds. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Calvert Research and Management?
Calvert Research and Management is owned through a chain of holding companies by Morgan Stanley. Its direct owner is Eaton Vance Management (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 July 2026
How does Calvert Research and Management get paid?
Calvert Research and Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file