# EDGAR Filing Document

**Accession Number:** 0000319676
**File Stem:** 0001752724-23-049181
**Filing Date:** 2023-3
**Character Count:** 26496
**Document Hash:** 08c388ec17128caf1b1b62e937292b2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-049181.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-049181

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Calvert Management Series
- **CENTRAL INDEX KEY:** 0000319676
- **IRS NUMBER:** 526211999
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03101
- **FILM NUMBER:** 23690891

**BUSINESS ADDRESS:**
- **STREET 1:** 1825 CONNECTICUT AVENUE NW
- **STREET 2:** SUITE 400
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20009
- **BUSINESS PHONE:** 8002256265

**MAIL ADDRESS:**
- **STREET 1:** 1825 CONNECTICUT AVENUE NW
- **STREET 2:** SUITE 400
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20009

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

## Series and Classes Contracts Data

### Calvert Global Real Estate Fund (Series ID: S000076001)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000235417 | Calvert Global Real Estate Fund Class R6 | CGRRX           |
| C000235418 | Calvert Global Real Estate Fund Class A  | CGRAX           |
| C000235419 | Calvert Global Real Estate Fund Class C  | CGECX           |
| C000235420 | Calvert Global Real Estate Fund Class I  | CGEIX           |

## 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:** 1825 Connecticut Avenue NW,

  - **City:** Washington

  - **State:** DC

  - **Foreign country:** US

  - **Zip / Postal Code:** 20009

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

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

- **a. Name of Series:** Calvert Global Real Estate Fund

- **b. EDGAR series identifier (if any):** S000076001

- **c. LEI of Series:** 549300KQSMTL1WYS1O63

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $4075326.25

**Total Liabilities:** $45332.38

**Net Assets:** $4029993.87

**Cash Not Reported:** $3845.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235417 | 1.87%                | 6.95%                | -3.08%               |
| Class ID C000235418 | 1.87%                | 6.95%                | -3.14%               |
| Class ID C000235420 | 1.87%                | 6.95%                | -3.08%               |
| Class ID C000235419 | 1.87%                | 6.82%                | -3.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-162186.51              | $232530.38                                 |
| Month 2  | $-29966.13               | $294432.94                                 |
| Month 3  | $-66355.60               | $-77401.36                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LEG Immobilien SE                                | LEG Immobilien SE                                                   | CUSIP: 000000000<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |       471 | NS      | $30718.00     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Equity Residential                               | Equity Residential                                                  | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |      1794 | NS      | $105846.00    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Derwent London PLC                               | Derwent London PLC                                                  | CUSIP: 000000000<br>LEI: 213800BXKQ9KZNUR1M61 | Long             | EC               |  | GB        |      1160 | NS      | $33200.63     | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Welltower Inc                                    | Welltower Inc                                                       | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               |  | US        |      3111 | NS      | $203926.05    | 5.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chartwell Retirement Residences                  | Chartwell Retirement Residences                                     | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |      3783 | NS      | $23580.89     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                               | Realty Income Corp                                                  | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |      3188 | NS      | $202214.84    | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Catena AB                                        | Catena AB                                                           | CUSIP: 000000000<br>LEI: 549300EMLM7AH5LDLY65 | Long             | EC               | CORP              | SE        |       655 | NS      | $24465.89     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| LaSalle Logiport REIT                            | LaSalle Logiport REIT                                               | CUSIP: 000000000<br>LEI: 353800II3DI1RPKBB314 | Long             | EC               |  | JP        |        19 | NS      | $23167.58     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Scentre Group                                    | Scentre Group                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |     16656 | NS      | $32421.89     | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| UDR Inc                                          | UDR Inc                                                             | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |      2072 | NS      | $80248.56     | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmobiliaria Colonial Socimi SA                  | Inmobiliaria Colonial Socimi SA                                     | CUSIP: 000000000<br>LEI: 95980020140005007414 | Long             | EC               |  | ES        |      2934 | NS      | $18872.19     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Americold Realty Trust Inc                       | Americold Realty Trust Inc                                          | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               |  | US        |      1411 | NS      | $39945.41     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co Ltd                            | Mitsui Fudosan Co Ltd                                               | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |      4800 | NS      | $87729.45     | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Communities Inc                              | Sun Communities Inc                                                 | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |       796 | NS      | $113828.00    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi SA                      | Merlin Properties Socimi SA                                         | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               |  | ES        |      2170 | NS      | $20352.21     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Prologis Inc                                     | Prologis Inc                                                        | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |      2470 | NS      | $278443.10    | 6.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Estate Logistics REIT Investment Corp | Mitsubishi Estate Logistics REIT Investment Corp                    | CUSIP: 000000000<br>LEI: 353800YYSGZU31ICQK38 | Long             | EC               |  | JP        |        11 | NS      | $35270.15     | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Goodman Group                                    | Goodman Group                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |      2512 | NS      | $29542.01     | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Big Yellow Group PLC                             | Big Yellow Group PLC                                                | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               |  | GB        |      1278 | NS      | $17702.03     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp                              | American Tower Corp                                                 | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      1150 | NS      | $243639.00    | 6.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust                  | Federal Realty Investment Trust                                     | CUSIP: 313745101<br>LEI: 549300LI6XZ51GOCJ427 | Long             | EC               |  | US        |       479 | NS      | $48398.16     | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                 | Crown Castle Inc                                                    | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |       445 | NS      | $60359.80     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                       | Brixmor Property Group Inc                                          | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |      2745 | NS      | $62229.15     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Wharf Real Estate Investment Co Ltd              | Wharf Real Estate Investment Co Ltd                                 | CUSIP: 000000000<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | KY        |      8000 | NS      | $46593.09     | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                      | Sun Hung Kai Properties Ltd                                         | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |      5500 | NS      | $75126.50     | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Storage                                   | Public Storage                                                      | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               |  | US        |       667 | NS      | $186886.73    | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                        | Host Hotels & Resorts Inc                                           | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |      2413 | NS      | $38728.65     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Link REIT                                        | Link REIT                                                           | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |      7000 | NS      | $51221.34     | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| City Developments Ltd                            | City Developments Ltd                                               | CUSIP: 000000000<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |      4000 | NS      | $24589.28     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Storage Inc                                 | Life Storage Inc                                                    | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               |  | US        |       657 | NS      | $64714.50     | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Real Estate Investment Corp                | Japan Real Estate Investment Corp                                   | CUSIP: 000000000<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               |  | JP        |        10 | NS      | $43922.92     | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Metropolitan Fund Invest                   | Japan Metropolitan Fund Invest                                      | CUSIP: 000000000<br>LEI: 353800QDHNIP60E1LQ93 | Long             | EC               |  | JP        |        80 | NS      | $63641.07     | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Aedifica SA                                      | Aedifica SA                                                         | CUSIP: 000000000<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               |  | BE        |       376 | NS      | $30594.37     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Building Fund Inc                         | Nippon Building Fund Inc                                            | CUSIP: 000000000<br>LEI: 52990053R8NL2MB32172 | Long             | EC               |  | JP        |        11 | NS      | $49189.92     | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| CapitaLand Integrated Commercial Trust           | CapitaLand Integrated Commercial Trust                              | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               |  | SG        |     21700 | NS      | $33097.09     | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                | Iron Mountain Inc                                                   | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |      2282 | NS      | $113757.70    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                          | SBA Communications Corp                                             | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |       390 | NS      | $109320.90    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                                | SITE Centers Corp                                                   | CUSIP: 82981J109<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               |  | US        |      3093 | NS      | $42250.38     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Estate Co Ltd                         | Mitsubishi Estate Co Ltd                                            | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |      3600 | NS      | $46632.87     | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| RPT Realty                                       | RPT Realty                                                          | CUSIP: 74971D101<br>LEI: 549300T03GDH1L37S188 | Long             | EC               |  | US        |      4573 | NS      | $45912.92     | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabege AB                                        | Fabege AB                                                           | CUSIP: 000000000<br>LEI: 549300JNPI46XNH0PM97 | Long             | EC               | CORP              | SE        |      2669 | NS      | $22699.65     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                         | Morgan Stanley Institutional Liquidity Funds - Government Portfolio | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |     54780 | NS      | $54779.70     | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                               | Kilroy Realty Corp                                                  | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |       505 | NS      | $19528.35     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC/The                              | UNITE Group PLC/The                                                 | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               |  | GB        |      3731 | NS      | $40931.67     | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Simon Property Group Inc                         | Simon Property Group Inc                                            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |      1003 | NS      | $117832.44    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Helical PLC                                      | Helical PLC                                                         | CUSIP: 000000000<br>LEI: 2138003SBD2Z7WV2MP70 | Long             | EC               | CORP              | GB        |      1769 | NS      | $7109.96      | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre SA                                     | Klepierre SA                                                        | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               |  | FR        |      1316 | NS      | $30374.08     | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| RioCan Real Estate Investment Trust              | RioCan Real Estate Investment Trust                                 | CUSIP: 766910103<br>LEI: 549300S8HVUSEU3JBY60 | Long             | EC               |  | CA        |      5436 | NS      | $84832.11     | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage REIT                            | National Storage REIT                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |     20236 | NS      | $31888.92     | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Hongkong Land Holdings Ltd                       | Hongkong Land Holdings Ltd                                          | CUSIP: 000000000<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | BM        |     10500 | NS      | $48308.55     | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                       | Vonovia SE                                                          | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |       835 | NS      | $19669.62     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Mid-America Apartment Communities Inc            | Mid-America Apartment Communities Inc                               | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |       955 | NS      | $149925.45    | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                         | Digital Realty Trust Inc                                            | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |      1129 | NS      | $113204.83    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurocommercial Properties NV                     | Eurocommercial Properties NV                                        | CUSIP: 000000000<br>LEI: 724500SFK53FPNM68L95 | Long             | EC               |  | NL        |      1022 | NS      | $24759.25     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Invincible Investment Corp                       | Invincible Investment Corp                                          | CUSIP: 000000000<br>LEI: 353800JY6M2692VAV685 | Long             | EC               |  | JP        |       119 | NS      | $46111.50     | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                           | Warehouses De Pauw CVA                                              | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |      1057 | NS      | $30279.63     | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro PLC                                        | Segro PLC                                                           | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |      4120 | NS      | $37954.50     | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Extra Space Storage Inc                          | Extra Space Storage Inc                                             | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |       202 | NS      | $29730.36     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Core REIT Management Pte Ltd             | Digital Core REIT Management Pte Ltd                                | CUSIP: 000000000<br>LEI: 549300IIGO612K0POE26 | Long             | EC               |  | SG        |     25000 | NS      | $13763.83     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinix Inc                                      | Equinix Inc                                                         | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |       239 | NS      | $156552.17    | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                        | Healthpeak Properties Inc                                           | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | EC               |  | US        |      1669 | NS      | $41841.83     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Region RE Ltd                                    | Region RE Ltd                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |     14673 | NS      | $26997.34     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Boardwalk Real Estate Investment Trust           | Boardwalk Real Estate Investment Trust                              | CUSIP: 096631106<br>LEI: 549300RMNRTTJRCOYW23 | Long             | EC               |  | CA        |       274 | NS      | $10002.82     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-18

**Name of Applicant:** Calvert Management Series

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer