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CSIF Enhanced Equity Portfolio (CMIFX)

Daily Performance (as of 9/8/2010)
Price $14.38
Price Change $0.07 (0.49%)
YTD Return (4.75% Sales Charge) -4.77%
YTD Return (No Charge) 0.00%
Fund Facts (as of 9/8/2010)
NASDAQ Symbol CMIFX (A Shares)
Calvert Fund Number 910 (A Shares)
CUSIP Number 131618803 (A Shares)
Assets Under Management $41.61 Million

Overview

Fund Management

Calvert Asset Management Company, Inc.

Top 10 Equity Holdings

Top 10 Equity Holdings

The top 10 companies in which the portfolio invests, measured by a percentage of total investments.

Issues in Portfolio: 106
Click here for all Fund Holdings

Investment Objectives

The Fund seeks a total return after expenses which exceeds over time the total return of the Russell 1000® Index. It seeks to obtain this objective while maintaining risk characteristics similar to those of the Russell 1000 Index and through investments in stocks that meet the Fund’s investment and social criteria.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 stock market or the stocks in the Russell 1000 Index may decline in value; and/or the Fund’s portfolio management practices may not work to achieve their desired result. An index fund has operating expenses; a market index does not. The Fund, while expected to track its target index as closely as possible, will not be able to match the performance of the index exactly. It is not possible to invest directly in an index.

Investment Strategy

CSIF Enhanced Equity follows an enhanced index management strategy. Instead of passively holding a representative basket of securities designed to match the Russell 1000 Index, the Advisor actively uses proprietary quantitative analytical models, as well as qualitative bottom-up research, to attempt to enhance the Fund's performance, relative to the Index. The Fund may purchase stocks not in the Russell 1000 Index, including foreign stocks not exceeding 25% of the Fund’s net assets, as well as smaller capitalization names. At least 65% of the Fund's total assets will be invested in stocks that are in the Russell 1000 Index. Any investments not in the Index will meet the Fund’s social screening criteria and be selected to track the Index’s risk/return characteristics. The Advisor rebalances the Fund at least quarterly to maintain its relative risk exposures to the Index.

Important Disclosure

Holdings are subject to change.


Performance

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Benchmark Index

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Lipper Category Index

Checking this box will compare fund performance to that of its Lipper Category Index.
Average Annual Returns (%) for period ending 8/31/2010
Share Class YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since Inception Inception
A Shares (4.75% Sales Charge) -8.68 -4.04 1.48 -10.68 -3.65 -2.82 0.37 4/15/1998
A Shares (No Charge) -4.10 0.73 6.54 -9.22 -2.71 -2.34 0.77 4/15/1998
Average Annual Returns (%) for period ending 6/30/2010
Share Class YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since Inception Inception
A Shares (4.75% Sales Charge) -9.34 -14.81 13.14 -11.86 -3.24 -2.37 0.32 4/15/1998
A Shares (No Charge) -4.80 -10.58 18.80 -10.43 -2.30 -1.89 0.72 4/15/1998
The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Indices reflect no deductions for fees or expenses. An investor cannot invest directly in an index.
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)
1.54% n/a n/a

Hypothetical Growth of $10,000

Yearly Percentage Return

Modern Portfolio Theory Statistics* as of 7/31/2010

  Fund (AShares) Russell 1000 Index
  3 yrs 5 yrs 3 yrs 5 yrs
Alpha -0.74% -1.82% n/a n/a
Beta 1.01 1.01 1.00 1.00
R-Squared 98.86% 98.69% 100.00% 100.00%
Sharpe Ratio -0.39 -0.25 -0.36 -0.15
Standard Deviation 21.96% 17.68% 21.59% 17.37%
Excess Return -0.82% -1.86% n/a n/a
Information Ratio -0.35 -0.91 n/a n/a
*Source: Zephyr StyleADVISOR using MorningstarTM data

Glossary of Terms:

In Modern Portfolio Theory statistical calculations are applied to an investment strategy to seek to construct an optimal portfolio by considering the relationship between risk and return.

Alpha is a measure of the difference between a fund's actual returns and its expected performance, given its level of risk as measured by beta. A positive alpha figure indicates the fund has performed better than its beta would predict. In contrast, a negative alpha indicates the fund's underperformance, given the expectations established by the fund's beta.

Beta is a measure of portfolio risk relative to the market or benchmark. A portfolio beta of 1.0 indicates a risk level equal to that of the fund's benchmark.

R-Squared is a statistical measure that represents the percentage of a fund's or security's movements that can be explained by movements in a benchmark index. R-squared values range from 0 to 100 percent. An R-squared of 100 percent means that all movements of a security are completely explained by movements in the index. A high R-squared (between 85 and 100 percent) indicates the fund's performance patterns have been in line with the index. A fund with a low R-squared (70 percent or less) doesn't act much like the index. A higher R-squared value will indicate a more useful beta figure. For example, if a fund has an R-squared value of close to 100 percent but has a beta below 1, it is most likely offering higher risk-adjusted returns.

Sharpe Ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the fund's historical risk-adjusted performance.

Standard Deviation is a useful measure of a fund's risk. For example, a fund with a standard deviation of 10 can be expected to produce an annual return that is within 10 percentage points (plus or minus) of its average annual return two-thirds of the time.

Excess Return is return in excess of the risk-free rate or in excess of a benchmark.

Information Ratio is a measure of the consistency of excess return of a mutual fund as compared to its benchmark. The higher the Information Ratio of a Fund, the higher the active return of the Fund, given the amount of risk involved, and the more consistently the Fund manager beats the Fund's benchmark.

 

Pricing & Distribution

Most Recent Distributions

A Shares: Without Sales Charge
Date Type Rate Record Date Ex Date Reinvest Date Reinvest Price
12/24/2009 Dividend 0.10805 12/22/2009 12/23/2009 12/23/2009 14.46
12/24/2008 Dividend 0.18102 12/22/2008 12/23/2008 12/23/2008 10.65
12/28/2007 Dividend 0.11416 12/26/2007 12/27/2007 12/27/2007 18.61
12/7/2007 Long Term Gain 1.07693 12/5/2007 12/6/2007 12/6/2007 19.16
12/28/2006 Dividend 0.09279 12/26/2006 12/27/2006 12/27/2006 20.14
12/8/2006 Long Term Gain 0.83388 12/6/2006 12/7/2006 12/7/2006 19.94
12/29/2005 Dividend 0.06443 12/27/2005 12/28/2005 12/28/2005 18.74
12/9/2005 Long Term Gain 0.55888 12/7/2005 12/8/2005 12/8/2005 18.75
12/29/2004 Dividend 0.06957 12/27/2004 12/28/2004 12/28/2004 18.32
12/7/2001 Long Term Gain 0.00459 12/5/2001 12/6/2001 12/6/2001 16.67
12/8/2000 Long Term Gain 0.13637 12/6/2000 12/7/2000 12/7/2000 18.43
12/23/1999 Dividend 0.01429 12/21/1999 12/22/1999 12/22/1999 18.77
12/24/1998 Dividend 0.04981 12/22/1998 12/23/1998 12/23/1998 16.20

Top Holdings

Top 10 Equity Holdings

Top 10 Equity Holdings

The top 10 companies in which the portfolio invests, measured by a percentage of total investments.

Issues in Portfolio: 106
Click here for all Fund Holdings

Important Disclosure

Holdings are subject to change.


Fees & Minimums

Annual Operating Expenses (deducted from Fund assets)

Description Expense
Management fees 0.750%
Distribution and service (12b-1) fees 0.250%
Other expenses 0.540%
Total annual Fund operating expenses 1.540%

Shareholder Fees (fees paid directly from your account)

Description Fee
Maximum sales charge (load) imposed on purchases
(as a percentage of offering price)		 4.75%
Maximum deferred sales charge (load)
(as a percentage of purchase or redemption
proceeds, whichever is lower) 		none
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%
Low balance fee 15/year

Fund Expense Ratios

Description Expense
Expense Ratio
(if no waiver/reimbursement
in effect)		 1.54%
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 (ClassA) $5,000
Minimum Initial Investment for IRA (ClassA) $2,000
Minimum Subsequent Investment (ClassA) $250

Important Disclosure

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.


Fund literature and resources
MorningStar Style Box™

MorningStar Style

A style box is a graphical representation of a mutual fund's characteristics. Together, the vertical and horizontal axes can be used to classify a mutual fund into one of nine categories.

Large Blend

CMIFX is categorized as: Large Blend

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