| RISK MEASURES (3-Year)As of 3/31/2013 |
| |
PORTFOLIO |
BENCHMARK |
| STANDARD DEVIATION |
14.17% |
15.34% |
| ALPHA |
0.37% |
0.00% |
| BETA |
0.91 |
1.00 |
| EXCESS RETURN |
-0.76% |
0.00% |
| R-SQUARED |
96.90% |
100.00% |
| TRACKING ERROR |
2.86% |
0.00% |
| INFORMATION RATIO |
-0.27 |
0.00 |
| SHARPE RATIO |
0.85 |
0.84 |
Source: Zephyr StyleAdvisor using MorningstarTM and/or Lipper data.
| MARKET CAPITALIZATIONAs of 3/31/2013 ($ Millions) |
| |
PORTFOLIO |
BENCHMARK |
| Weighted Average |
75,285.4 |
89,037.7 |
| Median |
31,816.0 |
6,057.0 |
| Weighted Median |
47,905.7 |
45,840.3 |
Source: Analysis performed by FactSet.
| TOP HOLDINGSAs of 3/31/2013 |
| Holding |
% of Net Assets |
| JPMORGAN CHASE + CO |
4.24% |
| SYMANTEC CORP |
4.06% |
| AT+T INC |
4.01% |
| WELLS FARGO + CO |
3.94% |
| GOLDMAN SACHS GROUP INC |
3.91% |
| AMGEN INC |
3.86% |
| TIME WARNER INC |
3.83% |
| COCA COLA CO/THE |
3.83% |
| TOYOTA MOTOR CORP SPON ADR |
3.78% |
| CISCO SYSTEMS INC |
3.77% |
| Total |
39.22% |
The Fund may or may not still invest in, and no action is recommended
on, companies listed. For the most recently available information on the Fund's
holdings, visit
www.calvert.com.
| ASSET ALLOCATION% of assets as of 3/31/2013 |
| |
Equity |
Fixed Income |
Cash |
|
Calvert Large Cap Core Portfolio
|
92.89%
|
0.00%
|
7.11%
|
Source: State Street Bank & Trust Company
| VALUATIONKey Portfolio Statistics as of 3/31/2013 |
| |
1 YEAR P/E |
3 YEAR EPS GROWTH |
RETURN ON
EQUITY |
PRICE TO
CASH FLOW |
PRICE TO
BOOK |
Dividend
Yield |
| PROJECTED |
TRAILING |
PROJECTED |
TRAILING |
| Calvert Large Cap Core Portfolio |
13.0 |
14.2 |
11.1% |
14.8% |
18.7% |
8.2 |
2.0 |
2.1 |
| Russell 1000 Index |
14.5 |
15.9 |
10.9% |
27.3% |
18.2% |
10.0 |
2.4 |
2.1 |
Source: Analysis performed by FactSet.
|
PERFORMANCE
Average Annual Returns (%) for Period Ended 3/31/2013
|
| |
QTR |
YTD |
1 YEAR |
3 YEARS |
5 YEARS |
10 YEARS |
SINCE
INCEPTION |
INCEPTION
DATE |
|
I Shares
|
12.00 |
12.00 |
14.74 |
12.16 |
5.85 |
7.18 |
3.97 |
4/15/1998 |
| Russell 1000 Index |
10.96 |
10.96 |
14.43 |
12.93 |
6.15 |
8.97 |
4.49 |
|
| Lipper Large-Cap Core Funds Index |
10.54 |
10.54 |
14.00 |
11.13 |
5.09 |
7.54 |
3.49 |
|
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. Index reflects no deductions for fees or expenses. An investor cannot invest directly in an index. Visit www.calvert.com to obtain performance data current to the most recent month-end. Returns for periods of less than one year are not annualized.
| PERFORMANCE ATTRIBUTIONRelative to the Russell 1000 Index for the quarter ending 3/31/2013 |
|
| TOP CONTRIBUTORS BY SECTORQuarter ended 3/31/2013 |
| Sector |
Average Weight |
Return |
Contribution |
| Consumer Discretionary |
18.83% |
13.51% |
2.52% |
| Consumer Staples |
13.07% |
18.07% |
2.29% |
| Health Care |
13.31% |
15.52% |
2.04% |
| Financials |
20.25% |
9.41% |
1.99% |
| Information Technology |
13.95% |
13.88% |
1.93% |
| TOP CONTRIBUTORS BY HOLDINGQuarter ended 3/31/2013 |
| Holding |
Average Weight |
Return |
Contribution |
| Symantec Corp. |
4.14% |
31.21% |
1.17% |
| Time Warner Inc. |
3.93% |
21.13% |
0.79% |
| Amgen Inc. |
3.74% |
19.41% |
0.71% |
| Goldman Sachs Group Inc. |
4.39% |
15.75% |
0.69% |
| General Mills Inc. |
3.12% |
23.00% |
0.68% |
| BOTTOM CONTRIBUTORS BY SECTORQuarter ended 3/31/2013 |
| Sector |
Average Weight |
Return |
Contribution |
| Materials |
0.00% |
0.00% |
0.00% |
| Utilities |
0.00% |
0.00% |
0.00% |
| Energy |
5.21% |
11.72% |
0.61% |
| Industrials |
7.79% |
9.15% |
0.76% |
| Telecomm Services |
7.59% |
11.00% |
0.84% |
| BOTTOM CONTRIBUTORS BY HOLDINGQuarter ended 3/31/2013 |
| Holding |
Average Weight |
Return |
Contribution |
| Apple Inc. |
0.88% |
-16.49% |
-0.18% |
| Capital One Financial Corp. |
0.62% |
-5.06% |
-0.03% |
| Time Warner Cable Inc. |
2.70% |
-0.42% |
-0.03% |
| AFLAC Inc. |
0.28% |
-1.37% |
-0.01% |
| St. Jude Medical Inc. |
0.19% |
12.59% |
0.02% |
Source: Analysis performed by FactSet.
Equity holdings only.
Return calculation is based on daily holding periods and excludes all fund expenses and trading costs.
Portfolio weight is calculated as the average weight over the quarter.
The performance data quoted represents past
performance, which does not guarantee future results. Current performance may
differ from that shown. The statistical information above is taken from sources
believed to be reliable but cannot be guaranteed as to accuracy.
| ANALYSIS
By
|
|
Calvert Large Cap Core Portfolio outperformed the benchmark
Russell 1000 Index during the quarter, due primarily to strong
stock selection. Stock selection was particularly beneficial in the
Information Technology and Consumer Staples sectors. A zero
weighting to the Materials sector also added value relative to the
benchmark as Materials was the market’s weakest sector in the
first quarter.
In the Information Technology sector, an underweight to Apple
was a major contributor to relative performance as the company
struggled during the period. Symantec, a security and storage
management company, was another Information Technology
holding that lifted relative results with a significant gain. In the
Consumer Staples sector, the Fund benefited from an overweight
to food stocks Campbell Soup and General Mills, both of which
were up more than 20% for the first quarter.
Among detractors, Financials firm Barclays posted disappointing
results in the first quarter. The company was a strong performer
in the fourth quarter of 2012 but slowed down significantly in the
first quarter of 2013. While it produced a small gain in the quarter,
it substantially lagged the benchmark.
|
| 10 BEST PERFORMERS FOR THE QUARTER as of 3/31/2013 |
| Rank |
Company |
Industry |
Return |
| 1 |
Symantec Corp. |
Information Technology |
31.21% |
| 2 |
Campbell Soup Co. |
Consumer Staples |
30.01% |
| 3 |
General Mills Inc. |
Consumer Staples |
23.00% |
| 4 |
Time Warner Inc. |
Consumer Discretionary |
21.13% |
| 5 |
Amgen Inc. |
Health Care |
19.41% |
| 6 |
Roche Holding AG ADS |
Health Care |
19.36% |
| 7 |
Omnicom Group Inc. |
Consumer Discretionary |
18.72% |
| 8 |
Viacom Inc. Cl B |
Consumer Discretionary |
17.26% |
| 9 |
Target Corp. |
Consumer Discretionary |
16.36% |
| 10 |
Goldman Sachs Group Inc. |
Financials |
15.75% |
| 10 WORST PERFORMERS FOR THE QUARTER as of 3/31/2013 |
| Rank |
Company |
Industry |
Return |
| 1 |
Apple Inc. |
Information Technology |
-16.49% |
| 2 |
Capital One Financial Corp. |
Financials |
-5.06% |
| 3 |
AFLAC Inc. |
Financials |
-1.37% |
| 4 |
Time Warner Cable Inc. |
Consumer Discretionary |
-0.42% |
| 5 |
Barclays PLC ADS |
Financials |
3.65% |
| 6 |
QEP Resources Inc. |
Energy |
5.26% |
| 7 |
Cisco Systems Inc. |
Information Technology |
6.41% |
| 8 |
FedEx Corp. |
Industrials |
7.21% |
| 9 |
DaVita HealthCare Partners Inc. |
Health Care |
7.29% |
| 10 |
Cummins Inc. |
Industrials |
7.35% |
As of March 31, 2013, Calvert Large Cap Core Portfolio’s holdings included Apple (0.74% of the Portfolio), Symantec (4.06%), Campbell Soup
(2.10%), General Mills (3.11%), and Barclays (2.35%). Calvert may or may not still invest in, and is not recommending any action on, companies
listed. For the most recently available information on individual holdings in each Calvert fund, visit www.calvert.com/fundHoldings.html.
Current and future portfolio holdings are subject to market 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.
Formerly named Calvert Enhanced Equity Portfolio
From January 18, 2002 to April 29, 2005, there were no Class I shareholders in Calvert Large Cap Core Portfolio. Performance results for Class I shares reflect the performance of Class A shares at NAV (i.e., without deduction of any front-end sales charge). Actual Class I share performance would have been higher than Class A share performance because Class I, unlike Class A, has no Rule 12b-1 fees.
Holdings are subject to change.
Net assets include all share classes.
Calvert funds are available at NAV for RIAs and Wrap Programs. Not all funds available at all firms.
|
I800ATT
|
FOR INSTITUTIONAL INVESTOR AND BROKER/DEALER USE ONLY. NOT FOR PUBLIC DISTRIBUTION. |
