PERFORMANCE Average Annual Returns (%) for Period Ended 9/30/2014
  QTR YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE
INCEPTION
INCEPTION
DATE
I Shares -1.04 6.48 14.35 20.09 14.56 6.61 4.92 4/15/1998
Russell 1000 Index 0.65 7.97 19.01 23.23 15.90 8.46 5.72  
Lipper Large-Cap Core Funds Average 0.40 6.74 17.41 21.70 14.20 7.51 5.17  
Characteristics
  September 30, 2014
  Portfolio Benchmark
Number of Holdings N/A 1,032
W. Avg Cap. (mils) $114,912.9 $115,357.7
W. Median Cap (mils) $45,163.4 $57,802.4
P/E 1-year trailing 15.8 18.9
P/E 1-year forward 14.8 16.9
EPS Growth, past 3 years 16.1% 12.8%
EPS Growth, next 3 - 5 years 9.7% 12.2%
Price to Book 2.8 2.7
Price to Sales 1.5 1.7
Dividend Yield 1.9% 1.9%
Active Share 88.6% N/A
June 30, 2014
Portfolio Benchmark
N/A 1,027
$107,772.4 $101,829.0
$44,901.8 $52,253.7
16.7 18.6
15.3 17.0
14.1% 12.1%
10.4% 12.2%
2.7 2.7
1.5 1.7
1.8% 1.9%
89.2% N/A
December 31, 2013
Portfolio Benchmark
N/A 1,015
$94,000.3 $101,057.4
$43,175.7 $52,116.1
15.8 18.2
15.1 17.1
14.8% 12.6%
11.3% 12.1%
2.6 2.7
1.5 1.6
1.8% 1.9%
89.3% N/A
Returns Based Statistics (3 Year)
  September 30, 2014
  Portfolio Benchmark
Average Annual Return 20.07% 23.23%
Standard Deviation 10.02% 10.78%
Beta vs. Market 0.90 1.00
Excess Return -3.16% 0.00%
R-Squared 93.49% 100.00%
Tracking Error 2.78% 0.00%
Information Ratio -1.13 0.00
Sharpe Ratio 2.00 2.15
June 30, 2014
Portfolio Benchmark
15.00% 16.63%
11.47% 12.57%
0.89 1.00
-1.62% 0.00%
95.17% 100.00%
2.88% 0.00%
-0.56 0.00
1.30 1.32
December 31, 2013
Portfolio Benchmark
15.23% 16.30%
10.98% 12.43%
0.86 1.00
-1.06% 0.00%
95.11% 100.00%
2.98% 0.00%
-0.36 0.00
1.38 1.31
Sector Weights / Percentage of Holdings (ex-cash)
  September 30, 2014
  Portfolio Benchmark + / -
Consumer Disc. 16.71% 12.32% 4.39%
Consumer Staples 8.05% 8.73% -0.67%
Energy 7.14% 9.21% -2.07%
Financials 15.48% 16.97% -1.49%
Health Care 23.49% 13.58% 9.91%
Industrials 13.29% 11.02% 2.27%
Information Tech 15.31% 19.05% -3.74%
Materials 0.00% 3.78% -3.78%
Telecomm Services 0.53% 2.33% -1.80%
Utilities 0.00% 3.01% -3.01%
June 30, 2014
Portfolio Benchmark + / -
18.78% 12.39% 6.39%
6.84% 8.69% -1.86%
6.15% 10.12% -3.97%
18.81% 16.79% 2.02%
19.22% 12.99% 6.23%
11.15% 11.37% -0.22%
17.26% 18.36% -1.11%
0.00% 3.82% -3.82%
1.81% 2.30% -0.50%
0.00% 3.18% -3.18%
December 31, 2013
Portfolio Benchmark + / -
18.64% 13.37% 5.28%
8.89% 8.96% -0.07%
5.74% 9.62% -3.88%
19.07% 16.92% 2.15%
17.45% 12.57% 4.88%
10.89% 11.48% -0.58%
16.28% 18.20% -1.92%
0.00% 3.73% -3.73%
3.04% 2.23% 0.81%
0.00% 2.93% -2.93%
Top Ten Holdings / Percentage of Net Assets
September 30, 2014
APPLE INC 6.39%
JOHNSON + JOHNSON 4.67%
WELLS FARGO + CO 4.31%
AMGEN INC 3.91%
FEDEX CORP 3.67%
MCKESSON CORP 3.54%
DIRECTV 3.52%
CAPITAL ONE FINANCIAL CORP 3.41%
MEDTRONIC INC 3.38%
TIME WARNER CABLE 3.28%
Total 40.08%
June 30, 2014
APPLE INC 6.14%
JOHNSON + JOHNSON 4.81%
WELLS FARGO + CO 4.58%
MEDTRONIC INC 3.65%
DIRECTV 3.63%
CAPITAL ONE FINANCIAL CORP 3.62%
FEDEX CORP 3.61%
MCKESSON CORP 3.56%
TIME WARNER CABLE 3.54%
KELLOGG CO 3.52%
Total 40.64%
December 31, 2013
APPLE INC 5.67%
JOHNSON + JOHNSON 4.07%
WELLS FARGO + CO 4.04%
CVS CAREMARK CORP 3.66%
CISCO SYSTEMS INC 3.36%
FEDEX CORP 3.22%
CAPITAL ONE FINANCIAL CORP 3.22%
DIRECTV 3.21%
DANAHER CORP 3.18%
AMGEN INC 3.14%
Total 36.77%
PERFORMANCE ATTRIBUTIONRelative to the Russell 1000 Index for the quarter ending 9/30/2014
Performance Attribution Chart
Latest Quarter Attribution

Sector
Portfolio
Average Weight
Benchmark
Average Weight
Portfolio
Return
Benchmark
Return
Sector
Selection
Stock
Selection
Total
Effect
Health Care 22.90% 13.23% 1.79% 5.24% 0.41% -0.75% -0.33%
Consumer Disc. 18.13% 12.42% -0.53% 0.07% -0.01% -0.13% -0.14%
Financials 16.47% 16.85% -0.01% 1.48% -0.01% -0.25% -0.27%
Information Tech 15.83% 18.78% 1.77% 4.32% -0.11% -0.42% -0.53%
Industrials 13.08% 11.15% -4.47% -2.14% -0.04% -0.31% -0.35%
Consumer Staples 8.15% 8.65% -1.90% 1.60% -0.01% -0.28% -0.28%
Energy 4.83% 9.77% -13.39% -8.52% 0.48% -0.29% 0.18%
Telecomm Services 0.60% 2.31% -4.52% 2.45% -0.02% -0.02% -0.04%
Utilities 0.00% 3.02% 0.00% -4.39% 0.16% 0.00% 0.16%
Materials 0.00% 3.82% 0.00% -0.79% 0.06% 0.00% 0.06%
Total 100.00% 100.00% -0.90% 0.65% 0.90% -2.45% -1.55%
Top 10 Stock Contributors to Relative Return
Company Sector Impact
Amgen Inc. Health Care 0.58%
Apple Inc. Information Tech 0.32%
Time Warner Inc. Consumer Disc. 0.23%
FedEx Corporation Industrials 0.23%
Exxon Mobil Corporation Energy 0.14%
McKesson Corporation Health Care 0.13%
Schlumberger NV Energy 0.11%
Chevron Corporation Energy 0.10%
Moody's Corporation Financials 0.09%
Johnson & Johnson Health Care 0.07%
Top 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Energy Underweight 0.48%
Health Care Overweight 0.41%
Utilities Underweight 0.16%
 
Top 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
Amgen Inc. Health Care 0.68%
Apple Inc. Information Tech 0.62%
FedEx Corporation Industrials 0.27%
Time Warner Inc. Consumer Disc. 0.24%
McKesson Corporation Health Care 0.16%
Bottom 10 Stock Contributors to Relative Return
Company Sector Impact
Denbury Resources Inc. Energy -0.65%
St. Jude Medical, Inc. Health Care -0.42%
Cummins Inc. Industrials -0.38%
Western Union Company Information Tech -0.24%
DST Systems, Inc. Information Tech -0.23%
Viacom Inc. Class B Consumer Disc. -0.23%
Kellogg Company Consumer Staples -0.21%
Dover Corporation Industrials -0.21%
Microsoft Corporation Information Tech -0.19%
Gilead Sciences, Inc. Health Care -0.17%
Bottom 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Information Tech Underweight -0.11%
Industrials Overweight -0.04%
Telecomm Services Underweight -0.02%
 
Bottom 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
Denbury Resources Inc. Energy -0.63%
St. Jude Medical, Inc. Health Care -0.42%
Cummins Inc. Industrials -0.38%
Viacom Inc. Class B Consumer Disc. -0.25%
Western Union Company Information Tech -0.22%
PERFORMANCE ATTRIBUTIONRelative to the Russell 1000 Index for the period ending 9/30/2014
Performance Attribution Chart
Year-To-Date Attribution

Sector
Portfolio
Average Weight
Benchmark
Average Weight
Portfolio
Return
Benchmark
Return
Sector
Selection
Stock
Selection
Total
Effect
Health Care 20.30% 13.06% 13.52% 16.54% 0.56% -0.61% -0.06%
Consumer Disc. 18.51% 12.75% 4.32% 1.30% -0.35% 0.52% 0.17%
Financials 18.12% 16.94% 6.58% 7.12% -0.05% -0.06% -0.11%
Information Tech 16.35% 18.36% 10.57% 13.13% -0.12% -0.39% -0.52%
Industrials 11.61% 11.26% 2.36% 2.03% -0.03% -0.01% -0.04%
Consumer Staples 7.86% 8.78% 5.01% 7.16% -0.03% -0.06% -0.09%
Energy 5.57% 9.75% 5.14% 4.24% 0.25% 0.10% 0.35%
Telecomm Services 1.68% 2.28% -8.33% 6.61% -0.09% -0.15% -0.24%
Utilities 0.00% 3.03% 0.00% 13.00% -0.15% 0.00% -0.15%
Materials 0.00% 3.78% 0.00% 8.06% -0.01% 0.00% -0.01%
Total 100.00% 100.00% 7.27% 7.97% -0.02% -0.67% -0.69%
Top 10 Stock Contributors to Relative Return
Company Sector Impact
Apple Inc. Information Tech 0.75%
Exterran Holdings, Inc. Energy 0.59%
DIRECTV Consumer Disc. 0.54%
Amgen Inc. Health Care 0.51%
Johnson & Johnson Health Care 0.32%
Exxon Mobil Corporation Energy 0.29%
McKesson Corporation Health Care 0.29%
Moody's Corporation Financials 0.23%
General Electric Company Industrials 0.21%
Amazon.com, Inc. Consumer Disc. 0.21%
Top 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Health Care Overweight 0.56%
Energy Underweight 0.25%
Materials Underweight -0.01%
 
Top 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
Apple Inc. Information Tech 1.79%
DIRECTV Consumer Disc. 0.88%
Amgen Inc. Health Care 0.84%
Exterran Holdings, Inc. Energy 0.83%
Johnson & Johnson Health Care 0.83%
Bottom 10 Stock Contributors to Relative Return
Company Sector Impact
Denbury Resources Inc. Energy -0.51%
CA, Inc. Information Tech -0.41%
Target Corporation Consumer Disc. -0.41%
Viacom Inc. Class B Consumer Disc. -0.37%
Western Union Company Information Tech -0.34%
Credit Suisse Group AG Sponsored ADR Financials -0.32%
St. Jude Medical, Inc. Health Care -0.31%
Cummins Inc. Industrials -0.31%
Omnicom Group Inc Consumer Disc. -0.29%
Toyota Motor Corp. Sponsored ADR Consumer Disc. -0.29%
Bottom 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Consumer Disc. Overweight -0.35%
Utilities Underweight -0.15%
Information Tech Underweight -0.12%
 
Bottom 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
Denbury Resources Inc. Energy -0.31%
CA, Inc. Information Tech -0.28%
Viacom Inc. Class B Consumer Disc. -0.26%
Kellogg Company Consumer Staples -0.21%
Target Corporation Consumer Disc. -0.21%
PERFORMANCE ATTRIBUTIONRelative to the Russell 1000 Index for the period ending 9/30/2014
Performance Attribution Chart
1-Year Attribution

Sector
Portfolio
Average Weight
Benchmark
Average Weight
Portfolio
Return
Benchmark
Return
Sector
Selection
Stock
Selection
Total
Effect
Health Care 19.33% 12.95% 20.74% 28.09% 0.55% -1.32% -0.77%
Consumer Disc. 18.63% 12.89% 13.00% 12.05% -0.34% 0.09% -0.25%
Financials 18.30% 16.99% 15.15% 17.30% -0.05% -0.37% -0.42%
Information Tech 16.30% 18.22% 14.70% 27.45% -0.17% -1.88% -2.05%
Industrials 11.17% 11.26% 17.92% 15.62% -0.05% 0.13% 0.07%
Consumer Staples 8.40% 8.87% 17.78% 16.48% 0.05% 0.25% 0.29%
Energy 5.60% 9.77% 12.05% 12.55% 0.33% 0.01% 0.34%
Telecomm Services 2.27% 2.25% 3.58% 14.27% -0.01% -0.01% -0.02%
Utilities 0.00% 3.03% 0.00% 15.92% 0.09% 0.00% 0.09%
Materials 0.00% 3.76% 0.00% 19.20% -0.02% 0.00% -0.02%
Total 100.00% 100.00% 16.26% 19.01% 0.38% -3.10% -2.75%
Top 10 Stock Contributors to Relative Return
Company Sector Impact
Exterran Holdings, Inc. Energy 0.94%
Apple Inc. Information Tech 0.91%
DIRECTV Consumer Disc. 0.71%
FedEx Corporation Industrials 0.67%
CVS Health Corporation Consumer Staples 0.59%
Moody's Corporation Financials 0.36%
McKesson Corporation Health Care 0.31%
Amgen Inc. Health Care 0.27%
AT&T Inc. Telecomm Services 0.22%
QEP Resources, Inc. Energy 0.22%
Top 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Health Care Overweight 0.55%
Energy Underweight 0.33%
Utilities Underweight 0.09%
 
Top 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
Apple Inc. Information Tech 2.64%
FedEx Corporation Industrials 1.36%
Exterran Holdings, Inc. Energy 1.33%
CVS Health Corporation Consumer Staples 1.26%
DIRECTV Consumer Disc. 1.25%
Bottom 10 Stock Contributors to Relative Return
Company Sector Impact
Denbury Resources Inc. Energy -1.16%
Toyota Motor Corp. Sponsored ADR Consumer Disc. -0.84%
Target Corporation Consumer Disc. -0.73%
Western Union Company Information Tech -0.70%
Symantec Corporation Information Tech -0.66%
Credit Suisse Group AG Sponsored ADR Financials -0.49%
Viacom Inc. Class B Consumer Disc. -0.43%
Microsoft Corporation Information Tech -0.33%
CA, Inc. Information Tech -0.32%
Kimberly-Clark Corporation Consumer Staples -0.32%
Bottom 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Consumer Disc. Overweight -0.34%
Information Tech Underweight -0.17%
Industrials Underweight -0.05%
 
Bottom 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
Denbury Resources Inc. Energy -0.65%
Symantec Corporation Information Tech -0.45%
Western Union Company Information Tech -0.33%
Target Corporation Consumer Disc. -0.22%
Toyota Motor Corp. Sponsored ADR Consumer Disc. -0.22%

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