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Calvert Social Index Fund (CISIX)

Daily Performance (as of 4/22/2014)
Price $17.55
Price Change $0.10 (0.57%)
YTD Return 1.27%
Fund Facts (as of 4/21/2014)
NASDAQ Symbol CISIX (I Shares)
Calvert Fund Number 769 (I Shares)
CUSIP Number 131582751 (I Shares)
Assets Under Management $314.93 Million

Overview

Fund Management

Calvert Investment Management, Inc.

Natalie Trunow,
Chief Investment Officer, Equities

Matthew Moore,
Assistant Portfolio Manager

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: 699
Click here for all Fund Holdings

Investment Objective

The Fund seeks to match the performance of the Calvert Social Index®, which measures the investment return of large- and mid-capitalization stocks.

Investment Strategy

The Fund employs a passive management strategy designed to track, as closely as possible, the performance of the Calvert Social Index. The Fund uses a replication index method, investing in the common stock of each company in the Index in about the same proportion as represented in the Index itself. The Calvert Social Index measures the performance of those companies that meet the sustainable and socially responsible investment criteria and that are 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 based on an updated list of the 1000 largest U.S. companies, and is reviewed quarterly to adjust for sustainable and responsible investment criteria and other factors.

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. An index fund has operating expenses; a market index does not. An index fund has operating expenses; a market index does not. Although expected to track its target index as closely as possible while satisfying its investment criteria, the Fund 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.


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.


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
I Shares (No Charge) 1.73 1.73 24.19 15.63 22.19 6.70 2.52 6/30/2000
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 0.21% 0.41% 14.00%

Hypothetical Growth of $10,000

Yearly Percentage Return

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

  Fund (IShares) Calvert Social Index
  3 yrs 5 yrs 3 yrs 5 yrs
Alpha -0.25% -0.26% 0.00% 0.00%
Beta 1.00 1.00 1.00 1.00
R-Squared 99.99% 99.99% 100.00% 100.00%
Sharpe Ratio 1.23 1.51 1.25 1.53
Standard Deviation 12.65% 14.63% 12.70% 14.66%
Excess Return -0.35% -0.35% 0.00% 0.00%
Information Ratio -2.60 -2.26 0.00 0.00
Tracking Error 0.13% 0.16% 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

Net expense ratio reflects contractual fee waiver and/or expense reimbursement through January 31, 2016.


Pricing & Distribution

Most Recent Distributions

I Shares: Without Sales Charge
Date Type Rate Record Date Ex Date Reinvest Date Reinvest Price
12/27/2013 Dividend 0.21822 12/24/2013 12/26/2013 12/26/2013 17.27
12/6/2013 Long Term Gain 0.37155 12/4/2013 12/5/2013 12/5/2013 16.96
12/28/2012 Dividend 0.17345 12/26/2012 12/27/2012 12/27/2012 13.19
12/23/2011 Dividend 0.17544 12/21/2011 12/22/2011 12/22/2011 11.39
12/23/2010 Dividend 0.13737 12/21/2010 12/22/2010 12/22/2010 11.65
12/24/2009 Dividend 0.14386 12/22/2009 12/23/2009 12/23/2009 10.35
12/24/2008 Dividend 0.18045 12/22/2008 12/23/2008 12/23/2008 7.41
12/28/2007 Dividend 0.20040 12/26/2007 12/27/2007 12/27/2007 13.26
12/28/2006 Dividend 0.11559 12/26/2006 12/27/2006 12/27/2006 13.03
12/29/2005 Dividend 0.08916 12/27/2005 12/28/2005 12/28/2005 11.79
12/29/2004 Dividend 0.24351 12/27/2004 12/28/2004 12/28/2004 11.37
12/30/2003 Dividend 0.05025 12/26/2003 12/29/2003 12/29/2003 10.73
12/30/2002 Dividend 0.03533 12/26/2002 12/27/2002 12/27/2002 8.27
12/28/2001 Dividend 0.04508 12/26/2001 12/27/2001 12/27/2001 11.11
12/22/2000 Dividend 0.04148 12/20/2000 12/21/2000 12/21/2000 12.34

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: 699
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 0.250%
Distribution and service (12b-1) fees none
Other expenses 0.160%
Total annual Fund operating expenses 0.410%

Less fee waiver and/or expense reimbursement 0.200%
Net expenses 0.210%

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)
0.21%
Gross Expense Ratio
(if waiver/reimbursement
in effect)
0.41%

Investment Minimums

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

Important Disclosure

Calvert has agreed contractually to limit direct net annual operating expenses for Calvert Social Index Fund through January 31, 2016. Direct net operating expenses will not exceed 0.21% for Class I 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.

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 Growth

CISIX is categorized as: Large Growth

Morningstar Category™

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