Calvert VP SRI Mid Cap Growth Portfolio

Daily Performance (as of 10/22/2014)
Price $38.20
Price Change $-0.44 (-1.15%)
YTD Return 1.22%
Fund Facts (as of 10/22/2014)
Calvert Fund Number 941 (I Shares)
CUSIP Number 131647307 (I Shares)
Assets Under Management $48.88 Million

Overview

Fund Management

New Amsterdam Partners LLC

Michelle Clayman, CFA
Founder, Managing Partner and CIO

Nathaniel Paull, CFA
Partner and Senior 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: 44
Click here for all Fund Holdings

Investment Objective

The Portfolio seeks to provide long-term capital appreciation by investing primarily in a portfolio of the equity securities of mid-cap companies that are undervalued but demonstrate a potential for growth and that meet the Portfolio's investment criteria, including financial, sustainability and social responsibility factors.

Investment Strategy

The Portfolio normally invests at least 80% of its net assets in the common stocks of mid-cap companies, as defined by those whose market capitalization falls within the range of the Russell MidCap Growth Index. Sub-advisor New Amsterdam favors companies which have an above market average prospective growth rate, but sell at below market average valuations. New Amsterdam evaluates each stock in terms of its growth potential, the return for risk free investments, and the risk and reward potential for the company to determine a reasonable price for the stock. The Portfolio seeks to invest in companies and other enterprises that demonstrate positive environmental, social and governance performance as they addess corporate responsibility and sustainability challenges.

Investment Risk

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Portfolio or the Portfolio could underperform because of the following risks: the stock market may fall in value, causing prices of stocks held by the Portfolio to fall; individual investments of the Portfolio may not perform as expected; and/or the Portfolio's portfolio management practices may not achieve the desired result. Prices of mid-cap stocks may respond to market activity differently from and can be more volatile than those of larger, more established companies. Mid-cap companies are more likely to have more limited product lines, fewer capital resources and less depth of management than larger companies. The Portfolio is non-diversified and may be more volatile than a diversified fund.


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

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 Total Returns (%) for period ending 9/30/2014
Share Class YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since Inception Inception
I Shares (No Charge) 2.09 -2.51 8.40 21.12 17.73 8.51 8.25 7/16/1991
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
1.15% n/a n/a 69.00%

Hypothetical Growth of $10,000

Yearly Percentage Return

Modern Portfolio Theory Statistics* as of 9/30/2014

  Fund (IShares) Russell Midcap Growth Index
  3 yrs 5 yrs 3 yrs 5 yrs
Alpha -3.04% -0.20% 0.00% 0.00%
Beta 1.09 1.06 1.00 1.00
R-Squared 90.09% 92.58% 100.00% 100.00%
Sharpe Ratio 1.40 1.02 1.73 1.08
Standard Deviation 15.09% 17.38% 13.10% 15.82%
Excess Return -1.60% 0.61% 0.00% 0.00%
Information Ratio -0.33 0.13 0.00 0.00
Tracking Error 4.90% 4.82% 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 April 30, 2015.


Pricing & Distribution

Most Recent Distributions

I Shares: Without Sales Charge
Date Type Rate Record Date Ex Date Reinvest Date Reinvest Price
12/20/2013 Short Term Gain 1.08202 12/18/2013 12/19/2013 12/19/2013 36.67
12/20/2013 Long Term Gain 3.47169 12/18/2013 12/19/2013 12/19/2013 36.67
12/28/2012 Short Term Gain 0.67347 12/27/2012 12/28/2012 12/28/2012 31.96
12/28/2012 Long Term Gain 3.53795 12/27/2012 12/28/2012 12/28/2012 31.96
12/29/2011 Short Term Gain 0.44321 12/28/2011 12/29/2011 12/29/2011 31.87
12/29/2011 Long Term Gain 1.63805 12/28/2011 12/29/2011 12/29/2011 31.87
12/30/2008 Short Term Gain 0.18812 12/29/2008 12/30/2008 12/30/2008 18.67
12/28/2007 Short Term Gain 0.51192 12/27/2007 12/28/2007 12/28/2007 30.76
12/28/2007 Long Term Gain 0.11768 12/27/2007 12/28/2007 12/28/2007 30.76
12/28/2001 Short Term Gain 0.32031 12/28/2001 12/31/2001 12/28/2001 25.88
12/28/2001 Long Term Gain 1.44935 12/28/2001 12/31/2001 12/28/2001 25.88
12/28/2000 Short Term Gain 0.39517 12/28/2000 12/28/2000 12/28/2000 31.82
12/28/2000 Long Term Gain 2.13139 12/28/2000 12/28/2000 12/28/2000 31.82
12/30/1999 Short Term Gain 0.04307 12/30/1999 12/31/1999 12/30/1999 29.92
12/30/1999 Long Term Gain 2.46861 12/30/1999 12/31/1999 12/30/1999 29.92
12/30/1998 Short Term Gain 0.58546 12/30/1998 12/31/1998 12/30/1998 29.74
12/30/1998 Long Term Gain 3.47758 12/30/1998 12/31/1998 12/30/1998 29.74
12/31/1997 Short Term Gain 1.63866 12/31/1997 1/2/1998 12/31/1997 26.65
12/31/1997 Long Term Gain 1.43985 12/31/1997 1/2/1998 12/31/1997 26.65
12/31/1996 Short Term Gain 0.03076 12/31/1996 1/2/1997 12/31/1996 24.05
12/31/1996 Long Term Gain 0.00834 12/31/1996 1/2/1997 12/31/1996 24.05
12/29/1995 Long Term Gain 0.16430 12/29/1995 12/29/1995 12/29/1995 22.43
12/29/1995 Dividend 1.08208 12/29/1995 12/29/1995 12/29/1995 22.43
12/30/1994 Dividend 0.09990 12/30/1994 12/30/1994 12/30/1994 16.96
12/31/1993 Long Term Gain 0.06081 12/31/1993 12/31/1993 12/31/1993 18.95
12/31/1993 Dividend 0.20995 12/31/1993 12/31/1993 12/31/1993 18.95
12/31/1992 Dividend 0.12142 12/31/1992 12/31/1992 12/31/1992 17.87
12/31/1991 Dividend 0.25973 12/31/1991 12/31/1991 12/31/1991 15.82

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: 44
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

Fund Management

Calvert Investment Management, Inc.

As investment advisor to the Calvert family of funds, Calvert Investment Management, Inc. oversees assets covering a broad range of equity, fixed-income, balanced, and asset allocation funds.

New Amsterdam Partners LLC

Founded in 1986 and 100 percent employee-owned, New Amsterdam applies a growth-at a-reasonable price investment strategy and a proprietary, dynamic valuation model.

Michelle Clayman, CFA
Founder, Managing Partner and CIO

Nathaniel Paull, CFA
Partner and Senior Portfolio Manager

Fees & Minimums

Annual Operating Expenses (deducted from Fund assets)

Description Expense
Management fees 0.900%
Distribution and service (12b-1) fees none
Other expenses 0.250%
Total annual Fund operating expenses 1.150%

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

Fund Expense Ratios

Description Expense
Expense Ratio
(if no waiver/reimbursement
in effect)
1.15%
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 (ClassI) n/a
Minimum Initial Investment for IRA (ClassI) n/a
Minimum Subsequent Investment (ClassI) n/a

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 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.

Medium Growth

is categorized as: Medium Growth

Morningstar Category™

Mid-Cap 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

Calvert mutual funds are underwritten and distributed by Calvert Investment Distributors, Inc., member, FINRA, and subsidiary of Calvert Investments, Inc. 800.368.2748

Calvert Investment Management, Inc. serves as the investment advisor and provides sustainability research for the Calvert mutual funds and institutional investment strategies.

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