# EDGAR Filing Document

**Accession Number:** 0000319676
**File Stem:** 0001752724-25-200866
**Filing Date:** 2025-8
**Character Count:** 15080
**Document Hash:** 9df10beb6b6498827a6a78e65f9128e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-200866.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-200866

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**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:** 251248231

**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:** 2025-06-30

**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:** $6494235.01

**Total Liabilities:** $97527.10

**Net Assets:** $6396707.91

**Cash Not Reported:** $2.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240251 | 7.93%                | 2.39%                | 4.93%                |
| Class ID C000240250 | 7.92%                | 2.53%                | 4.94%                |
| Class ID C000240252 | 7.99%                | 2.52%                | 5.01%                |
| Class ID C000240249 | 7.89%                | 2.61%                | 4.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-93153.01               | $547636.83                                 |
| Month 2  | $151089.03               | $-3613.86                                  |
| Month 3  | $-6568.65                | $335928.57                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| XP Inc                                    | XP Inc                                                              | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |     15450 | NS      | $312090.00    | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Eternal Ltd                               | Eternal Ltd                                                         | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |     49627 | NS      | $152841.04    | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BTG Pactual SA                      | Banco BTG Pactual SA                                                | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |     35357 | NS      | $274950.44    | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                | Globant SA                                                          | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |       267 | NS      | $24254.28     | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Itau Unibanco Holding SA                  | Itau Unibanco Holding SA                                            | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |     26712 | NS      | $181665.79    | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV              | Wal-Mart de Mexico SAB de CV                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |      9078 | NS      | $30033.43     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                             | HDFC Bank Ltd                                                       | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     10120 | NS      | $236256.03    | 3.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Localiza Rent a Car SA                    | Localiza Rent a Car SA                                              | CUSIP: 000000000<br>LEI: 984500C442A7E0CD4D11 | Long             | EC               | CORP              | BR        |     65160 | NS      | $485962.56    | 7.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV        | Grupo Financiero Banorte SAB de CV                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     36175 | NS      | $331955.19    | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Airtel Ltd                         | Bharti Airtel Ltd                                                   | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |     17457 | NS      | $409262.96    | 6.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                   | Mahindra & Mahindra Ltd                                             | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |      4914 | NS      | $182393.94    | 2.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Laurus Labs Ltd                           | Laurus Labs Ltd                                                     | CUSIP: 000000000<br>LEI: 335800S8HO8QRYP3VQ26 | Long             | EC               | CORP              | IN        |     28511 | NS      | $241075.20    | 3.77%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WEG SA                                    | WEG SA                                                              | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |     19545 | NS      | $153896.50    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV      | Fomento Economico Mexicano SAB de CV                                | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |      1554 | NS      | $160030.92    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Astral Ltd                                | Astral Ltd                                                          | CUSIP: 000000000<br>LEI: 3358007M1SKFTVDRMC40 | Long             | EC               | CORP              | IN        |     10465 | NS      | $183904.96    | 2.87%             |  |  |  | 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        |    129824 | NS      | $129823.97    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AU Small Finance Bank Ltd                 | AU Small Finance Bank Ltd                                           | CUSIP: 000000000<br>LEI: 3358006J6L5P5MWKCU97 | Long             | EC               | CORP              | IN        |     27713 | NS      | $264249.25    | 4.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Timken India Ltd                          | Timken India Ltd                                                    | CUSIP: 000000000<br>LEI: 335800VYJD6YXMCODK97 | Long             | EC               | CORP              | IN        |      3374 | NS      | $137685.30    | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands            | NU Holdings Ltd/Cayman Islands                                      | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |      1168 | NS      | $16024.96     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| E Ink Holdings Inc                        | E Ink Holdings Inc                                                  | CUSIP: 000000000<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |     31000 | NS      | $234633.85    | 3.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                          | Raia Drogasil SA                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     94114 | NS      | $261913.77    | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd                           | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     13000 | NS      | $475401.51    | 7.43%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                                  | TOTVS SA                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      4388 | NS      | $34090.57     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                                                    | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       164 | NS      | $428635.32    | 6.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                            | ICICI Bank Ltd                                                      | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     15695 | NS      | $265241.47    | 4.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd                         | Bajaj Finance Ltd                                                   | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |     18430 | NS      | $201280.53    | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                             | HDFC Bank Ltd                                                       | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      1011 | NS      | $77513.37     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TVS Motor Co Ltd                          | TVS Motor Co Ltd                                                    | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EC               | CORP              | IN        |      4577 | NS      | $155746.52    | 2.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltronic Power Technology Corp           | Voltronic Power Technology Corp                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      3000 | NS      | $129406.38    | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan Co Ltd                              | Titan Co Ltd                                                        | CUSIP: 000000000<br>LEI: 549300RO9VJWPK37FE54 | Long             | EC               | CORP              | IN        |      6786 | NS      | $292055.51    | 4.57%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-25

**Name of Applicant:** Calvert Management Series

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer