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Calvert Income Fund (CBINX)

Daily Performance (as of 9/9/2010)
Price $15.90
Price Change $-0.03 (-0.19%)
YTD Return (% Sales Charge) 1.10%
YTD Return (No Charge) 5.10%
Average Maturity
(rounded to nearest year or day)
14 Years
Daily 30-Day SEC Yield 1.99%
Fund Facts (as of 9/9/2010)
NASDAQ Symbol CBINX (B Shares)
Calvert Fund Number 208 (B Shares)
CUSIP Number 131582835 (B Shares)
Assets Under Management $2,799.47 Million
Duration (as of 6/30/2010)
Effective Duration 3.13 Years

Overview

Fund Management

Calvert Asset Management Company, Inc.

Investment Objectives

The Fund seeks to maximize income, to the extent consistent with preservation of capital, through investment in bonds and other income-producing securities. Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risks: the market prices of bonds may decline; the individual bonds in the Fund may not perform as well as expected; and/or the Fund’s portfolio management practices may not work to achieve their desired result. Bond funds are subject to interest rate risk and credit risk. When interest rates rise, the value of fixed-income securities will generally fall. In addition, the credit quality of the securities may deteriorate, which could lead to default or bankruptcy of the issuer where the issuer becomes unable to pay its obligations when due.The Fund is nondiversified and compared to other funds, may invest more of its assets in a smaller number of issuers, so that gains and losses on the bonds of a single issuer may have more impact on the Fund.

Investment Strategy

The Fund uses an active strategy, seeking relative value to earn incremental income. The Advisor conducts in-depth credit analysis to identify bonds with attractive price-appreciation potential and specializes in uncovering issues with complex and unusual structures. The relative-value approach is used for the core, longer-term holdings as well as the more actively traded non-core positions. The investment team maintains a flexible investment approach in order to seek profit from changing market conditions. The Fund typically invests at least 65% of Fund net assets in investment-grade debt securities, as assessed at the time of purchase. The remaining 35% of Fund net assets may be in below-investment grade, high-yield debt securities. These securities involve greater risk of default or price declines than investment grade debt securities.


Important Disclosure

Class B shares of Calvert funds are no longer offered for new purchases.


Holdings are subject to change.



Performance

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Benchmark Index

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Lipper Category Index

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Average Annual Returns (%) for period ending 8/31/2010
Share Class YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since Inception Inception
B Shares (% Sales Charge) 1.70 -1.72 5.44 2.69 2.87 5.23 5.13 7/30/1999
B Shares (No Charge) 5.70 2.28 9.44 3.00 2.87 5.23 5.13 7/30/1999
Average Annual Returns (%) for period ending 6/30/2010
Share Class YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since Inception Inception
B Shares (% Sales Charge) -0.65 -2.86 7.96 2.07 2.53 5.13 4.99 7/30/1999
B Shares (No Charge) 3.35 1.14 11.96 2.38 2.53 5.13 4.99 7/30/1999
Fund Expenses (from Prospectus)
(Performance data quoted above already reflects deduction for Fund operating expenses)
Expense Ratio
(if no waiver reimbursement in effect)
Net Expense Ratio
(if waiver reimbursement in effect)
Gross Expense Ratio
(if waiver reimbursement in effect)
2.13% n/a n/a
Fund Yields
Daily 30-Day SEC Yield: 1.99%

Hypothetical Growth of $10,000

Yearly Percentage Return


Important Disclosure

Returns for Class B shares of Calvert equity funds reflect the deduction of a contingent deferred sales charge for shares redeemed within the appropriate holding period: 5% for year one, 4% for years two and three, 3% for year four, 2% for year five and 1% for year six. Returns for Class B shares of Calvert fixed-income funds reflect the deduction of a contingent deferred sales charge for shares redeemed in the appropriate holding period: 4% for year one, 3% for year two, 2% for year three, and 1% for year four.



Pricing & Distribution

Most Recent Distributions

B Shares: Without Sales Charge
Date Type Rate Record Date Ex Date Reinvest Date Reinvest Price
8/27/2010 Dividend 0.03111 8/25/2010 8/26/2010 8/26/2010 15.97
7/30/2010 Dividend 0.03555 7/28/2010 7/29/2010 7/29/2010 15.70
6/25/2010 Dividend 0.03456 6/23/2010 6/24/2010 6/24/2010 15.63
5/28/2010 Dividend 0.03046 5/26/2010 5/27/2010 5/27/2010 15.59
4/30/2010 Dividend 0.03327 4/28/2010 4/29/2010 4/29/2010 15.75
3/26/2010 Dividend 0.02878 3/24/2010 3/25/2010 3/25/2010 15.57
2/26/2010 Dividend 0.03174 2/24/2010 2/25/2010 2/25/2010 15.50
1/29/2010 Dividend 0.03359 1/27/2010 1/28/2010 1/28/2010 15.52
12/24/2009 Dividend 0.02992 12/22/2009 12/23/2009 12/23/2009 15.34
11/25/2009 Dividend 0.02786 11/23/2009 11/24/2009 11/24/2009 15.39
10/30/2009 Dividend 0.02999 10/28/2009 10/29/2009 10/29/2009 15.33
9/25/2009 Dividend 0.02135 9/23/2009 9/24/2009 9/24/2009 15.25
8/28/2009 Dividend 0.02430 8/26/2009 8/27/2009 8/27/2009 14.93
7/31/2009 Dividend 0.02893 7/29/2009 7/30/2009 7/30/2009 14.52
6/26/2009 Dividend 0.03986 6/24/2009 6/25/2009 6/25/2009 14.34
5/29/2009 Dividend 0.04309 5/27/2009 5/28/2009 5/28/2009 14.01
4/30/2009 Dividend 0.04304 4/28/2009 4/29/2009 4/29/2009 13.70
3/27/2009 Dividend 0.04380 3/25/2009 3/26/2009 3/26/2009 13.41
2/27/2009 Dividend 0.05964 2/25/2009 2/26/2009 2/26/2009 13.45
1/30/2009 Dividend 0.05044 1/28/2009 1/29/2009 1/29/2009 13.51
12/24/2008 Dividend 0.04011 12/22/2008 12/23/2008 12/23/2008 13.59
12/4/2008 Long Term Gain 0.04089 12/2/2008 12/3/2008 12/3/2008 13.62
12/4/2008 Short Term Gain 0.00438 12/2/2008 12/3/2008 12/3/2008 13.62
11/26/2008 Dividend 0.05358 11/24/2008 11/25/2008 11/25/2008 13.67
10/30/2008 Dividend 0.04484 10/28/2008 10/29/2008 10/29/2008 13.85
9/26/2008 Dividend 0.04658 9/24/2008 9/25/2008 9/25/2008 15.32
8/28/2008 Dividend 0.04685 8/26/2008 8/27/2008 8/27/2008 15.75
7/31/2008 Dividend 0.04964 7/29/2008 7/30/2008 7/30/2008 15.71
6/27/2008 Dividend 0.04823 6/25/2008 6/26/2008 6/26/2008 15.92
5/30/2008 Dividend 0.05691 5/28/2008 5/29/2008 5/29/2008 15.93
4/25/2008 Dividend 0.06572 4/23/2008 4/24/2008 4/24/2008 15.93
3/28/2008 Dividend 0.06407 3/26/2008 3/27/2008 3/27/2008 16.05
2/28/2008 Dividend 0.05638 2/26/2008 2/27/2008 2/27/2008 16.20
1/31/2008 Dividend 0.06160 1/29/2008 1/30/2008 1/30/2008 16.42
12/28/2007 Dividend 0.05526 12/26/2007 12/27/2007 12/27/2007 16.37
12/7/2007 Long Term Gain 0.13730 12/5/2007 12/6/2007 12/6/2007 16.52
12/7/2007 Short Term Gain 0.14434 12/5/2007 12/6/2007 12/6/2007 16.52
11/29/2007 Dividend 0.06094 11/27/2007 11/28/2007 11/28/2007 16.82
10/26/2007 Dividend 0.06044 10/24/2007 10/25/2007 10/25/2007 16.82
9/28/2007 Dividend 0.05995 9/26/2007 9/27/2007 9/27/2007 16.68
8/30/2007 Dividend 0.05018 8/28/2007 8/29/2007 8/29/2007 16.54
7/27/2007 Dividend 0.05336 7/25/2007 7/26/2007 7/26/2007 16.63
6/29/2007 Dividend 0.05362 6/27/2007 6/28/2007 6/28/2007 16.52
5/31/2007 Dividend 0.05219 5/29/2007 5/30/2007 5/30/2007 16.67
4/27/2007 Dividend 0.05656 4/25/2007 4/26/2007 4/26/2007 16.75
3/30/2007 Dividend 0.05022 3/28/2007 3/29/2007 3/29/2007 16.83
2/23/2007 Dividend 0.05831 2/21/2007 2/22/2007 2/22/2007 16.78
1/26/2007 Dividend 0.05939 1/24/2007 1/25/2007 1/25/2007 16.69
12/28/2006 Dividend 0.05306 12/26/2006 12/27/2006 12/27/2006 16.76
11/22/2006 Dividend 0.05733 11/20/2006 11/21/2006 11/21/2006 16.77
10/27/2006 Dividend 0.05268 10/25/2006 10/26/2006 10/26/2006 16.67
9/28/2006 Dividend 0.05717 9/26/2006 9/27/2006 9/27/2006 16.70
8/25/2006 Dividend 0.05909 8/23/2006 8/24/2006 8/24/2006 16.54
7/28/2006 Dividend 0.05959 7/26/2006 7/27/2006 7/27/2006 16.42
6/29/2006 Dividend 0.05520 6/27/2006 6/28/2006 6/28/2006 16.23
5/26/2006 Dividend 0.05494 5/24/2006 5/25/2006 5/25/2006 16.39
4/27/2006 Dividend 0.05352 4/25/2006 4/26/2006 4/26/2006 16.38
3/30/2006 Dividend 0.04547 3/28/2006 3/29/2006 3/29/2006 16.55
2/24/2006 Dividend 0.05834 2/22/2006 2/23/2006 2/23/2006 16.66
1/27/2006 Dividend 0.05129 1/25/2006 1/26/2006 1/26/2006 16.69
12/29/2005 Dividend 0.04548 12/27/2005 12/28/2005 12/28/2005 16.75
12/9/2005 Long Term Gain 0.16634 12/7/2005 12/8/2005 12/8/2005 16.71
12/9/2005 Short Term Gain 0.05030 12/7/2005 12/8/2005 12/8/2005 16.71
11/23/2005 Dividend 0.04961 11/21/2005 11/22/2005 11/22/2005 16.90
10/28/2005 Dividend 0.04249 10/26/2005 10/27/2005 10/27/2005 16.86
9/29/2005 Dividend 0.04085 9/27/2005 9/28/2005 9/28/2005 17.04
8/26/2005 Dividend 0.04419 8/24/2005 8/25/2005 8/25/2005 17.09
7/28/2005 Dividend 0.04098 7/26/2005 7/27/2005 7/27/2005 17.04
6/24/2005 Dividend 0.03228 6/22/2005 6/23/2005 6/23/2005 17.12
5/27/2005 Dividend 0.04227 5/25/2005 5/26/2005 5/26/2005 16.99
4/28/2005 Dividend 0.04093 4/26/2005 4/27/2005 4/27/2005 16.92
3/24/2005 Dividend 0.02761 3/22/2005 3/23/2005 3/23/2005 16.85
2/25/2005 Dividend 0.04101 2/23/2005 2/24/2005 2/24/2005 17.09
1/28/2005 Dividend 0.03594 1/26/2005 1/27/2005 1/27/2005 17.04
12/29/2004 Dividend 0.03220 12/27/2004 12/28/2004 12/28/2004 16.93
12/10/2004 Long Term Gain 0.28697 12/8/2004 12/9/2004 12/9/2004 16.97
12/10/2004 Short Term Gain 0.14790 12/8/2004 12/9/2004 12/9/2004 16.97
11/24/2004 Dividend 0.04054 11/22/2004 11/23/2004 11/23/2004 17.39
10/28/2004 Dividend 0.02864 10/26/2004 10/27/2004 10/27/2004 17.35
9/24/2004 Dividend 0.02980 9/22/2004 9/23/2004 9/23/2004 17.41
8/27/2004 Dividend 0.03543 8/25/2004 8/26/2004 8/26/2004 17.24
7/29/2004 Dividend 0.03424 7/27/2004 7/28/2004 7/28/2004 17.03
6/25/2004 Dividend 0.03494 6/23/2004 6/24/2004 6/24/2004 16.97
5/27/2004 Dividend 0.03019 5/25/2004 5/26/2004 5/26/2004 16.88
4/29/2004 Dividend 0.03025 4/27/2004 4/28/2004 4/28/2004 17.13
3/26/2004 Dividend 0.02520 3/24/2004 3/25/2004 3/25/2004 17.44
2/26/2004 Dividend 0.02424 2/24/2004 2/25/2004 2/25/2004 17.23
1/29/2004 Dividend 0.03204 1/27/2004 1/28/2004 1/28/2004 17.21
12/30/2003 Dividend 0.05150 12/26/2003 12/29/2003 12/29/2003 17.08
12/30/2003 Long Term Gain 0.16448 12/26/2003 12/29/2003 12/29/2003 17.08
12/30/2003 Short Term Gain 0.63230 12/26/2003 12/29/2003 12/29/2003 17.08
11/21/2003 Dividend 0.04363 11/19/2003 11/20/2003 11/20/2003 17.65
10/30/2003 Dividend 0.05059 10/28/2003 10/29/2003 10/29/2003 17.51
9/26/2003 Dividend 0.04984 9/24/2003 9/25/2003 9/25/2003 17.45
8/28/2003 Dividend 0.04813 8/26/2003 8/27/2003 8/27/2003 17.02
7/25/2003 Dividend 0.04190 7/23/2003 7/24/2003 7/24/2003 17.17
6/27/2003 Dividend 0.02812 6/25/2003 6/26/2003 6/26/2003 17.34
5/29/2003 Dividend 0.04035 5/27/2003 5/28/2003 5/28/2003 17.21
4/25/2003 Dividend 0.03960 4/23/2003 4/24/2003 4/24/2003 16.62
3/28/2003 Dividend 0.05630 3/26/2003 3/27/2003 3/27/2003 16.31
2/27/2003 Dividend 0.05024 2/25/2003 2/26/2003 2/26/2003 16.50
1/30/2003 Dividend 0.06402 1/28/2003 1/29/2003 1/29/2003 16.34
12/30/2002 Dividend 0.05395 12/26/2002 12/27/2002 12/27/2002 16.45
12/6/2002 Short Term Gain 0.09942 12/4/2002 12/5/2002 12/5/2002 16.24
11/22/2002 Dividend 0.09755 11/20/2002 11/21/2002 11/21/2002 16.28
10/25/2002 Dividend 0.08213 10/23/2002 10/24/2002 10/24/2002 15.64
9/27/2002 Dividend 0.05017 9/25/2002 9/26/2002 9/26/2002 16.08
8/29/2002 Dividend 0.06888 8/27/2002 8/28/2002 8/28/2002 16.13
7/26/2002 Dividend 0.08988 7/24/2002 7/25/2002 7/25/2002 16.18
6/27/2002 Dividend 0.07923 6/25/2002 6/26/2002 6/26/2002 16.48
5/30/2002 Dividend 0.08097 5/28/2002 5/29/2002 5/29/2002 16.65
4/26/2002 Dividend 0.07738 4/24/2002 4/25/2002 4/25/2002 16.67
3/27/2002 Dividend 0.08481 3/25/2002 3/26/2002 3/26/2002 16.47
2/22/2002 Dividend 0.06451 2/20/2002 2/21/2002 2/21/2002 16.71
1/25/2002 Dividend 0.07786 1/23/2002 1/24/2002 1/24/2002 16.67
12/28/2001 Dividend 0.07236 12/26/2001 12/27/2001 12/27/2001 16.59
12/7/2001 Short Term Gain 0.62169 12/5/2001 12/6/2001 12/6/2001 16.56
11/29/2001 Dividend 0.08618 11/27/2001 11/28/2001 11/28/2001 17.27
10/26/2001 Dividend 0.07139 10/24/2001 10/25/2001 10/25/2001 17.39
9/27/2001 Dividend 0.06209 9/25/2001 9/26/2001 9/26/2001 17.45
8/30/2001 Dividend 0.08028 8/28/2001 8/29/2001 8/29/2001 17.96
7/27/2001 Dividend 0.07708 7/25/2001 7/26/2001 7/26/2001 17.74
6/28/2001 Dividend 0.06889 6/26/2001 6/27/2001 6/27/2001 17.62
5/25/2001 Dividend 0.07248 5/23/2001 5/24/2001 5/24/2001 17.29
4/27/2001 Dividend 0.08288 4/25/2001 4/26/2001 4/26/2001 17.12
3/29/2001 Dividend 0.08662 3/27/2001 3/28/2001 3/28/2001 17.05
2/23/2001 Dividend 0.08648 2/21/2001 2/22/2001 2/22/2001 16.79
1/26/2001 Dividend 0.10112 1/24/2001 1/25/2001 1/25/2001 16.53
12/22/2000 Dividend 0.09930 12/20/2000 12/21/2000 12/21/2000 16.25
12/8/2000 Short Term Gain 0.16072 12/6/2000 12/7/2000 12/7/2000 16.13
11/22/2000 Dividend 0.09595 11/20/2000 11/21/2000 11/21/2000 16.26
10/27/2000 Dividend 0.09423 10/25/2000 10/26/2000 10/26/2000 16.24
9/28/2000 Dividend 0.08339 9/26/2000 9/27/2000 9/27/2000 16.65
8/25/2000 Dividend 0.09273 8/23/2000 8/24/2000 8/24/2000 16.58
7/28/2000 Dividend 0.09787 7/26/2000 7/27/2000 7/27/2000 16.57
6/29/2000 Dividend 0.08356 6/27/2000 6/28/2000 6/28/2000 16.39
5/26/2000 Dividend 0.09181 5/24/2000 5/25/2000 5/25/2000 15.98
4/28/2000 Dividend 0.07928 4/26/2000 4/27/2000 4/27/2000 16.23
3/30/2000 Dividend 0.07725 3/28/2000 3/29/2000 3/29/2000 16.87
2/25/2000 Dividend 0.07782 2/23/2000 2/24/2000 2/24/2000 16.84
1/28/2000 Dividend 0.07223 1/26/2000 1/27/2000 1/27/2000 16.71
12/23/1999 Dividend 0.06430 12/21/1999 12/22/1999 12/22/1999 16.75
12/23/1999 Short Term Gain 0.24853 12/21/1999 12/22/1999 12/22/1999 16.75
11/24/1999 Dividend 0.06985 11/22/1999 11/23/1999 11/23/1999 17.13
10/29/1999 Dividend 0.06546 10/27/1999 10/28/1999 10/28/1999 16.94
9/24/1999 Dividend 0.06590 9/22/1999 9/23/1999 9/23/1999 17.05
8/27/1999 Dividend 0.07391 8/25/1999 8/26/1999 8/26/1999 17.10

Annual Distribution Totals

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B Shares: Without Sales Charge

Annual Capital Gains Totals Annual Capital Gains Totals

B Shares: Without Sales Charge

Top Holdings

Credit Quality

As of 6/30/2010
Average Effective Maturity 9.09 Years


Important Disclosure

Holdings are subject to change.



Management & Commentary

Fund Management

Calvert Asset Management Company, Inc.

As investment advisor to the Calvert family of funds, CAMCO oversees assets covering a broad range of equity, fixed-income, balanced, and asset allocation funds.


Fees & Minimums

Annual Operating Expenses (deducted from Fund assets)

Description Expense
Management fees 0.670%
Distribution and service (12b-1) fees 1.000%
Other expenses 0.460%
Total annual Fund operating expenses 2.130%

Shareholder Fees (fees paid directly from your account)

Description Fee
Maximum sales charge (load) imposed on purchases
(as a percentage of offering price)
none
Maximum deferred sales charge (load)
(as a percentage of purchase or redemption
proceeds, whichever is lower)
4.00%
Short term trading fee
(unless otherwise noted the redemption fee applies to redemptions, including exchanges within 30 days of purchase (seven days for Class I and R shares)
2.00%

Fund Expense Ratios

Description Expense
Expense Ratio
(if no waiver/reimbursement
in effect)
2.13%
Net Expense Ratio
(if waiver/reimbursement
in effect)
n/a
Gross Expense Ratio
(if waiver/reimbursement
in effect)
n/a

Investment Minimums

Description Minimum
Minimum Initial Investment (ClassB) $2,000
Minimum Initial Investment for IRA (ClassB) $1,000
Minimum Subsequent Investment (ClassB) $250

Important Disclosure

Class B shares of Calvert funds are no longer offered for new purchases.


Management fees include the advisory fee paid by the Fund to the Advisor, and the administrative fee paid by the Fund to Calvert Administrative Services Company, an affiliate of the Advisor.



Risk/Return Assessment

Risk/Return Assessment

Demonstrates where the Fund falls on a risk/return spectrum, relative to other Calvert Funds. Funds with more conservative objectives and strategies would fall on the left side of the spectrum, while funds with more aggressive objectives and strategies would appear on the right.

Compared against all Calvert funds