# EDGAR Filing Document

**Accession Number:** 0000319676
**File Stem:** 0001410368-26-016857
**Filing Date:** 2026-2
**Character Count:** 15113
**Document Hash:** 9e5360d038670b2c31276316c142ab71
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-016857.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0001410368-26-016857

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Calvert Management Series
- **CENTRAL INDEX KEY:** 0000319676

**ORGANIZATION NAME:**
- **EIN:** 526211999
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03101
- **FILM NUMBER:** 26668722

**BUSINESS ADDRESS:**
- **STREET 1:** 2050 M STREET NW
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 8002256265

**MAIL ADDRESS:**
- **STREET 1:** 2050 M STREET NW
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALVERT TAX FREE RESERVES
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Calvert Emerging Markets Focused Growth Fund (Series ID: S000079266)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000240249 | Calvert Emerging Markets Focused Growth Fund Class R6 |  |
| C000240250 | Calvert Emerging Markets Focused Growth Fund Class A  |  |
| C000240251 | Calvert Emerging Markets Focused Growth Fund Class C  |  |
| C000240252 | Calvert Emerging Markets Focused Growth Fund Class I  |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Calvert Management Series

- **b. Investment Company Act file number:** 811-03101

- **c. CIK number of Registrant:** 0000319676

- **d. LEI of Registrant:** 549300JLDDCMBLNYVQ38

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2050 M Street NW

  - **City:** Washington

  - **State:** DC

  - **Foreign country:** US

  - **Zip / Postal Code:** 20036

  - **Telephone number:** 202-238-2200

**Item A.2. Information about the Series.**

- **a. Name of Series:** Calvert Emerging Markets Focused Growth Fund

- **b. EDGAR series identifier (if any):** S000079266

- **c. LEI of Series:** 549300JZGAJR0R0BVQ68

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $6925181.63

**Total Liabilities:** $185812.52

**Net Assets:** $6739369.11

**Cash Not Reported:** $2.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240249 | 1.50%                | 3.90%                | -2.43%               |
| Class ID C000240250 | 1.51%                | 3.84%                | -2.47%               |
| Class ID C000240251 | 1.46%                | 3.75%                | -2.52%               |
| Class ID C000240252 | 1.50%                | 3.90%                | -2.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $89758.27                | $32892.83                                  |
| Month 2  | $-10683.86               | $278987.93                                 |
| Month 3  | $18332.10                | $-218621.56                                |

### Schedule of Portfolio Investments

| Name                                                   | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Grupo Financiero Banorte SAB de CV                     | Grupo Financiero Banorte SAB de CV                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     36175 | NS      | $335162.40    | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                          | HDFC Bank Ltd                                                       | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      2022 | NS      | $73883.88     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                               | Morgan Stanley Institutional Liquidity Funds - Government Portfolio | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    460430 | NS      | $460429.90    | 6.83%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                       | MercadoLibre Inc                                                    | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |        92 | NS      | $185311.92    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd                                | Mahindra & Mahindra Ltd                                             | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |      6609 | NS      | $272945.41    | 4.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd                        | Apollo Hospitals Enterprise Ltd                                     | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |       767 | NS      | $60147.08     | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd                                      | Bharti Airtel Ltd                                                   | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |     19423 | NS      | $455886.60    | 6.76%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings Inc                                     | E Ink Holdings Inc                                                  | CUSIP: 000000000<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |     31000 | NS      | $194770.96    | 2.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd              | Taiwan Semiconductor Manufacturing Co Ltd                           | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     15000 | NS      | $737358.83    | 10.94%            |  |  |  | No            |                  2 | On Loan: No      |
| AU Small Finance Bank Ltd                              | AU Small Finance Bank Ltd                                           | CUSIP: 000000000<br>LEI: 3358006J6L5P5MWKCU97 | Long             | EC               | CORP              | IN        |     19270 | NS      | $213301.09    | 3.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Eternal Ltd                                            | Eternal Ltd                                                         | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |     84662 | NS      | $262366.01    | 3.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Global Health Ltd/India                                | Global Health Ltd/India                                             | CUSIP: 000000000<br>LEI: 335800TEDV7GWBKTVO07 | Long             | EC               | CORP              | IN        |     12900 | NS      | $170406.55    | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                                      | Banco Bradesco SA                                                   | CUSIP: 000000000<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |     33974 | NS      | $96122.93     | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                               | Itau Unibanco Holding SA                                            | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |     27513 | NS      | $196631.70    | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                                 | Localiza Rent a Car SA                                              | CUSIP: 000000000<br>LEI: 984500C442A7E0CD4D11 | Long             | EC               | CORP              | BR        |     78960 | NS      | $624932.82    | 9.27%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                                               | TOTVS SA                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      4388 | NS      | $33534.48     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | Cia de Saneamento Basico do Estado de Sao Paulo SABESP              | CUSIP: 000000000<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |      7089 | NS      | $170651.97    | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| eMemory Technology Inc                                 | eMemory Technology Inc                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      1090 | NS      | $59864.20     | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                                       | Raia Drogasil SA                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     56450 | NS      | $240758.56    | 3.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Cholamandalam Investment and Finance Co Ltd            | Cholamandalam Investment and Finance Co Ltd                         | CUSIP: 000000000<br>LEI: 3358008DNPV45O4EII52 | Long             | EC               | CORP              | IN        |     12188 | NS      | $231178.17    | 3.43%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                          | HDFC Bank Ltd                                                       | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     14372 | NS      | $158765.93    | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Laurus Labs Ltd                                        | Laurus Labs Ltd                                                     | CUSIP: 000000000<br>LEI: 335800S8HO8QRYP3VQ26 | Long             | EC               | CORP              | IN        |     18247 | NS      | $224917.97    | 3.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sendas Distribuidora S/A                               | Sendas Distribuidora S/A                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     40631 | NS      | $53849.05     | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                                 | Localiza Rent a Car SA                                              | CUSIP: 000000000<br>LEI: 984500C442A7E0CD4D11 | Long             | EP               | CORP              | BR        |      3036 | NS      | $22992.65     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                         | ICICI Bank Ltd                                                      | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     15695 | NS      | $234900.43    | 3.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd                                      | Bajaj Finance Ltd                                                   | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |      8446 | NS      | $92880.55     | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BTG Pactual SA                                   | Banco BTG Pactual SA                                                | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |     35357 | NS      | $338715.47    | 5.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                         | NU Holdings Ltd/Cayman Islands                                      | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |     20862 | NS      | $349229.88    | 5.18%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc                                                 | XP Inc                                                              | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |     19125 | NS      | $313076.25    | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** Calvert Management Series

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer