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Calvert Large Cap Core Portfolio (CLYCX)

Daily Performance (as of 4/17/2014)
Price $22.29
Price Change $0.05 (0.22%)
YTD Return 0.63%
Fund Facts (as of 4/17/2014)
NASDAQ Symbol CLYCX (Y Shares)
Calvert Fund Number 540 (Y Shares)
CUSIP Number 131618571 (Y Shares)
Assets Under Management $146.16 Million

Overview

Fund Management

Top 10 Holdings

Top 10 Equity Holdings

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

Issues in Portfolio: 40
Click here for all Fund Holdings

Investment Objective

The Fund seeks to provide a total return which exceeds the total return of the Russell 1000® Index over a market cycle through investment in securities that meet the Fund's investment criteria, including financial, sustainability and social responsibility factors.

Investment Strategy

The Fund employs an active investment strategy and invests primarily in the common stock of U.S. large-cap companies that meet the Fund's investment criteria, including financial, sustainability and social responsibility factors. The Fund's investment process seeks to add value by using the Advisor's fundamental, quantitative, and macro-economic research and analyses while integrating the Advisor's proprietary views on material environmental, social and governance ("ESG") information as part of its risk and opportunity assessment. The portfolio construction process seeks to maximize the benefit of these insights while managing the Fund's risk profile relative to its benchmark, and minimizing transaction costs. The Fund seeks to invest in companies and other enterprises that demonstrate positive ESG performance as they address corporate responsibility and sustainability challenges. The Fund defines large-cap companies as those whose market capitalization falls within the range of the Russell 1000 Index.

Investment Risk

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 held by the Fund may fall; individual investments of the Fund may not perform as expected; and/or the Fund's portfolio management practices may not achieve the desired result. In addition, 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.


Important Disclosure

Class Y shares are generally available only to wrap or similar fee-based programs offered by financial intermediaries, and foundations, endowments and other consultant-driven business.

Holdings are subject to change.

Industry classifications provided by MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.


Performance

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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 Total Returns (%) for period ending 3/31/2014
Share Class YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since Inception Inception
Y Shares (No Charge) 1.85 1.85 17.39 13.17 20.46 5.58 4.40 4/15/1998
Portfolio Expenses and Turnover (from Prospectus)
(Performance data quoted above already reflects deduction for portfolio 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)
Fund Turnover
n/a 1.07% 612.15% 59.00%

Hypothetical Growth of $10,000

Yearly Percentage Return

Modern Portfolio Theory Statistics* as of 3/31/2014

  Fund (YShares) Russell 1000 Index
  3 yrs 5 yrs 3 yrs 5 yrs
Alpha 0.26% 0.09% 0.00% 0.00%
Beta 0.88 0.94 1.00 1.00
R-Squared 95.16% 96.26% 100.00% 100.00%
Sharpe Ratio 1.14 1.49 1.15 1.51
Standard Deviation 11.48% 13.71% 12.78% 14.30%
Excess Return -1.57% -1.27% 0.00% 0.00%
Information Ratio -0.53 -0.46 0.00 0.00
Tracking Error 2.98% 2.78% 0.00% 0.00%
*Source: Zephyr StyleADVISOR using MorningstarTM data


Standard Deviation is a measure of a fund's risk. A standard deviation of 1 means a fund can be expected to produce an annual return that is +/-1% of its average annual return 66% of the time.
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.
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.
Excess Return is return in excess of the risk-free rate or in excess of a benchmark.
R Squared is a statistical measure that represents the percentage of a fund's movements that can be explained by movements in its benchmark index.
Tracking Error is the difference in the return earned by a portfolio and the return earned by the benchmark against which the portfolio is constructed.
Information Ratio is a measure of the consistency of excess return of a mutual fund as compared to its benchmark.
Sharpe Ratio is used to measure risk-adjusted performance. It is calculated by using standard deviation and return in excess of the benchmark to determine reward per unit of risk.


Important Disclosure

Performance results for Class Y shares of Calvert Large Cap Core Portfolio prior to April 30, 2013, the inception date for Class Y shares, reflect the performance of Class A shares at NAV (i.e., without deduction of any front-end sales charge).  Actual Class Y share performance would have been higher than Class A share performance because Class Y has lower class-specific expenses than Class A.


Pricing & Distribution

Most Recent Distributions

Y Shares: Without Sales Charge
Date Type Rate Record Date Ex Date Reinvest Date Reinvest Price
12/27/2013 Dividend 0.00184 12/24/2013 12/26/2013 12/26/2013 22.04
12/6/2013 Short Term Gain 0.03017 12/4/2013 12/5/2013 12/5/2013 21.42
12/6/2013 Long Term Gain 1.74312 12/4/2013 12/5/2013 12/5/2013 21.42

Holdings

Top 10 Holdings

Top 10 Equity Holdings

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

Issues in Portfolio: 40
Click here for all Fund Holdings

Important Disclosure

Holdings are subject to change.

Industry classifications provided by MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.


Management & Commentary

Fees & Minimums

Annual Operating Expenses (deducted from Fund assets)

Description Expense
Management fees 0.750%
Distribution and service (12b-1) fees none
Other expenses 611.4%
Total annual Fund operating expenses 612.1%

Less fee waiver and/or expense reimbursement 611.1%
Net expenses 1.070%

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)
none
Redemption Fee
(unless otherwise noted in the prospectus 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)
n/a
Net Expense Ratio
(if waiver/reimbursement
in effect)
1.07%
Gross Expense Ratio
(if waiver/reimbursement
in effect)
612.15%

Investment Minimums

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

Important Disclosure

Calvert has agreed contractually to limit direct net annual operating expenses for Calvert Large Cap Core Portfolio through January 31, 2015. Direct net operating expenses for the Fund will not exceed 1.07% for Class Y shares of the Fund. Only the Board of Trustees of the Fund may terminate the Fund's expense limitation before the contractual period expires, upon 60 days' prior notice to shareholders. Under the terms of the contractual expense limitation, operating expenses do not include interest expense, brokerage commissions, extraordinary expenses and taxes.

Class Y shares are generally available only to wrap or similar fee-based programs offered by financial intermediaries, and foundations, endowments and other consultant-driven business.

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


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

CLYCX is categorized as: Large Blend

Morningstar Category™

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