Calvert Equity Fund
CSIEX
74.7%
Excluded by weight
35
Excluded companies
44
Total holdings
86.2%
Active share vs S&P 500
Highly active
Why active share matters
Active share measures what fraction of this fund's portfolio is genuinely different from the S&P 500. A fund with 0% active share is identical to the index. 100% means no overlap.
Index funds and near-index funds should have very low active share — that's the point. A plain S&P 500 index fund will show ~0%. A fund that tracks the index but removes a handful of companies might show 3–8%. Low active share is expected for index strategies; what matters is whether a fund claiming to be actively managed is actually doing anything different.
The number that matters isn't excluded % alone — it's excluded % paired with active share. A fund can exclude hundreds of companies and still be 97% the same as the S&P 500, because the excluded companies represented a tiny share of the index by market weight.
A fund with high exclusions but low active share is excluding companies that barely affect its returns. It's still tracking the index. The ethical stance is real; the portfolio impact is not. A fund with high exclusions and high active share is genuinely different — the exclusions actually move the portfolio.
Holdings as of end-of-period filing dated December 30, 2025. Source: SEC N-PORT filing / fund provider disclosure.
Filter by harm category
Screened out
35 companies · 74.7% by weightOwn CSIEX? See your full picture.
This fund is one piece. Scan your entire portfolio to see your total exposure across all holdings and funds.
About this screening
Calvert Equity Fund applies its own values-based screening methodology. We analyze it because that shared practice — using an ethical framework to exclude companies for non-financial reasons — makes the comparison meaningful. This fund's methodology differs from ours. The purpose of this page is to make those differences tangible and help investors know what they own.