Share Class

Share Class

Choose which share class you wish to display on the page.

Calvert Social Index Fund (CSXAX)

Daily Performance (as of 9/2/2010)
Price $9.93
Price Change $0.10 (1.01%)
YTD Return (4.75% Sales Charge) -7.20%
YTD Return (No Charge) -2.55%
Fund Facts (as of 9/2/2010)
NASDAQ Symbol CSXAX (A Shares)
Calvert Fund Number 933 (A Shares)
CUSIP Number 131582785 (A Shares)
Assets Under Management $76.76 Million

Overview

Fund Management

World Asset Management, 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: 652
Click here for all Fund Holdings

Investment Objectives

The Fund seeks to match the performance of the Calvert Social Index®, which measures the investment return of large- and mid-capitalization stocks. 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 stocks in the Calvert Social Index may decline; 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. Large-cap companies may be unable to respond quickly to new competitive challenges, such as changes in technology, and also may not be able to attain the high growth rate of successful smaller companies, especially during periods of economic expansion.

Investment Strategy

World Asset Management employs a passive management strategy designed to track, as closely as possible, the performance of the Calvert Social Index. The Calvert Social Index measures the performance of those companies that meet the social investment criteria selected from the universe of approximately the 1,000 largest U.S. companies, based on total market capitalization, included in the Dow Jones Total Market Index. The Index is reconstituted once a year.

Important Disclosure

Holdings are subject to change.


Performance

Select additional indices to display below:

Benchmark Index

Checking this box will compare fund performance to that of its benchmark index.

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) -10.84 -4.79 -1.53 -10.81 -3.26 -4.61 -4.10 6/30/2000
A Shares (No Charge) -6.38 0.00 3.33 -9.36 -2.32 -4.15 -3.64 6/30/2000
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) -10.84 -15.72 11.21 -11.24 -2.66 -4.17 -4.17 6/30/2000
A Shares (No Charge) -6.38 -11.50 16.73 -9.79 -1.70 -3.70 -3.70 6/30/2000
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)
n/a 0.75% 1.16%

Hypothetical Growth of $10,000

Yearly Percentage Return

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

  Fund (AShares) Calvert Social Index
  3 yrs 5 yrs 3 yrs 5 yrs
Alpha -1.34% -1.15% n/a n/a
Beta 1.02 1.02 1.00 1.00
R-Squared 99.85% 99.85% 100.00% 100.00%
Sharpe Ratio -0.36 -0.22 -0.30 -0.16
Standard Deviation 22.89% 18.38% 22.45% 18.05%
Excess Return -1.43% -1.19% n/a n/a
Information Ratio -1.47 -1.56 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 0.09691 12/22/2009 12/23/2009 12/23/2009 10.23
12/24/2008 Dividend 0.10146 12/22/2008 12/23/2008 12/23/2008 7.33
12/28/2007 Dividend 0.13949 12/26/2007 12/27/2007 12/27/2007 13.05
12/28/2006 Dividend 0.11760 12/26/2006 12/27/2006 12/27/2006 12.85
12/29/2005 Dividend 0.08778 12/27/2005 12/28/2005 12/28/2005 11.69
12/29/2004 Dividend 0.11085 12/27/2004 12/28/2004 12/28/2004 11.31
12/30/2003 Dividend 0.04963 12/26/2003 12/29/2003 12/29/2003 10.59
12/30/2002 Dividend 0.03499 12/26/2002 12/27/2002 12/27/2002 8.19
12/28/2001 Dividend 0.03516 12/26/2001 12/27/2001 12/27/2001 11.05
12/22/2000 Dividend 0.03700 12/20/2000 12/21/2000 12/21/2000 12.32

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: 652
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 0.450%
Distribution and service (12b-1) fees 0.250%
Other expenses 0.460%
Total annual Fund operating expenses 1.160%
Less fee waiver and/or expense reimbursement 0.410%
Net expenses 0.750%

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)		 n/a
Net Expense Ratio
(if waiver/reimbursement
in effect)		 0.75%
Gross Expense Ratio
(if waiver/reimbursement
in effect)		 1.16%

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

Calvert has agreed contractually to limit direct net annual operating expenses for Calvert Social Index Fund through January 31, 2011. Direct net operating expenses will not exceed 0.75% for Class A shares, 1.75% for Class B shares and 1.75% for Class C shares of the Fund. Only the Board of Trustees of the Fund may terminate the Fund’s expense cap before the contractual period expires. Under the terms of the contractual expense limitation, operating expenses do not include interest expense, brokerage commissions, extraordinary expenses and taxes.


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 Growth

CSXAX is categorized as: Large Growth

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