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Calvert Income Fund (CFICX)

		Style Box™
	As of 1/5/2009
Share Price:	$13.78
Daily Price Change:	$0.01
Year-To-Date Return: (3.75% Sales Charge)	-4.04%
(No Sales Charge)	-0.29%
Daily 30-Day SEC Yield:	6.06%
Overall Morningstar Rating: As of 11/30/2008 Category:Intermediate-Term Bond	(out of 992 funds) View details
(Ratings based on Morningstar risk-adjusted return measures.)

The Morningstar Style Box^TM reveals a fund's investment strategy. For equity funds, the vertical axis shows the market capitalization of the stocks owned; the horizontal axis shows investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the average credit quality of the bonds owned; the horizontal axis shows interest rate sensitivity as measured by a bond's duration (short, intermediate and long). Duration is a measure of a portfolio's sensitivity to changes in interest rates. The longer the duration, the greater the price change relative to interest-rate movements.

	Average Annual Returns(%) For Period Ending 12/31/2008
Class	QTD	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception	Inception Date
A (3.75% Sales Charge)	-11.17	-15.28	-15.28	-2.29	0.32	4.52	7.96	10/12/1982
A (No Sales Charge)	-7.72	-12.00	-12.00	-1.04	1.08	4.92	8.11
Barclays Capital US Credit Index	4.03	-3.08	-3.08	2.03	2.65	4.85	8.90

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
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)
1.19%	n/a	n/a

Chart depicts the value of a hypothetical $10,000 investment in the Fund over the past 10 years (or since inception for funds lacking 10-year history). Investment performance is calculated using Class A shares at net asset value.

Chart depicts returns at net asset value.



As of 11/30/2008	3-Year	5-Year	10-Year	Overall

Morningstar Ratings Category:Intermediate-Term Bond	(out of 992 funds)	(out of 856 funds)	(out of 458 funds)	(out of 992 funds)

Performance data quoted represents past performance, which does not guarantee future results. Morningstar ratings are subject to change on a monthly basis. The above ratings are for the period indicated. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive three stars, the next 22.5% receive 2 stars, and the bottom 10% receive one star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. Morningstar Rating is for the A share class only; other classes may have different performance characteristics. ©2005 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Important Disclosure for all Calvert Bond Funds

CTFR Limited-Term Portfolio's investment in illiquid securities currently exceeds its 15% net asset limitation. The Portfolio will avoid investing in illiquid investments while it exceeds the 15% limitation. In addition, the investment advisor will continue to monitor holdings of illiquid securities and actively seek to reduce the percentage of assets invested in illiquid securities.

FEE WAIVERS: Calvert Long Term Income Fund, Calvert Short Duration Income Fund, Calvert Ultra-Short Floating Income Fund: Net expense ratio reflects contractual fee waiver and/or expense reimbursement through January 31, 2009.

Effective December 12, 2008, Calvert Asset Management Company, Inc. (CAMCO) commenced as investment advisor in managing the Calvert High Yield Bond Fund and the Calvert Short-Term Government Fund. Performance data prior to December 12, 2008 represents that of the previous manager, and not that of CAMCO.

Yield is annualized and compounded.

Income derived from certain portfolio holdings may subject investors to the Alternative Minimum Tax (AMT).

Max load returns reflect the deduction of Class B contingent deferred sales charge for the appropriate holding period: 4% year one, 3% year two, 2% year three and 1% year four.

C shares returns reflect the deduction of Class C contingent deferred sales charge of 1% for redemption within one year.

Investment in mutual funds involves risk, including possible loss of principal invested. Bond funds are subject to interest rate risk. When interest rates rise, the value of fixed-income securities will generally fall. Conversely, a drop in interest rates will generally cause an increase in the value of fixed-income securities.

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For more information on any Calvert fund, please contact your financial advisor or call Calvert at 800.368.2748 for a free prospectus. An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing. The prospectus contains this and other information. Read it carefully before you invest or send money.

Calvert mutual funds are underwritten and distributed by Calvert Distributors Inc., member FINRA, a subsidiary of Calvert Group, Ltd. 1-800-368-2748

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