PERFORMANCE Average Annual Returns (%) for Period Ended 12/31/2014
  QTR YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE
INCEPTION
INCEPTION
DATE
I Shares 4.02 10.34 10.34 13.13 10.88 5.99 4.49 2/26/1999
Russell 1000 Index 4.88 13.24 13.24 20.62 15.64 7.96 5.60  
Balanced Composite Benchmark 3.70 11.14 11.14 14.29 12.25 7.60 6.42  
Lipper Mixed-Asset Target Alloc. Growth Funds Average 2.03 6.18 6.18 12.55 9.69 5.90 5.30  
Returns Based Statistics (3 Year)
  December 31, 2014
  Portfolio Benchmark
Average Annual Return 13.13% 20.62%
Standard Deviation 5.97% 9.25%
Beta vs. Market 0.62 1.00
Excess Return -7.49% 0.00%
R-Squared 90.89% 100.00%
Tracking Error 3.99% 0.00%
Information Ratio -1.88 0.00
Sharpe Ratio 2.19 2.22
September 30, 2014
Portfolio Benchmark
14.06% 23.23%
6.60% 10.78%
0.59 1.00
-9.17% 0.00%
93.30% 100.00%
4.73% 0.00%
-1.94 0.00
2.12 2.15
December 31, 2013
Portfolio Benchmark
10.85% 16.30%
7.16% 12.43%
0.56 1.00
-5.45% 0.00%
94.23% 100.00%
5.74% 0.00%
-0.95 0.00
1.51 1.31
Top Ten Holdings / Percentage of Net Assets
December 31, 2014
APPLE INC 3.73%
WELLS FARGO + CO 2.58%
FEDEX CORP 2.49%
AMGEN INC 2.48%
MEDTRONIC INC 2.42%
JOHNSON + JOHNSON 2.25%
MCKESSON CORP 1.85%
DIRECTV 1.73%
TIME WARNER CABLE 1.71%
CAPITAL ONE FINANCIAL CORP 1.69%
Total 22.93%
September 30, 2014
APPLE INC 3.93%
WELLS FARGO + CO 2.51%
FEDEX CORP 2.38%
JOHNSON + JOHNSON 2.34%
AMGEN INC 2.25%
MEDTRONIC INC 2.13%
MCKESSON CORP 1.78%
DIRECTV 1.76%
CAPITAL ONE FINANCIAL CORP 1.71%
TIME WARNER CABLE 1.65%
Total 22.44%
December 31, 2013
APPLE INC 3.35%
WELLS FARGO + CO 2.34%
FEDEX CORP 2.14%
JOHNSON + JOHNSON 2.02%
AMGEN INC 1.82%
CVS CAREMARK CORP 1.82%
TARGET CORP 1.81%
CISCO SYSTEMS INC 1.67%
CAPITAL ONE FINANCIAL CORP 1.60%
DIRECTV 1.59%
Total 20.16%
Sector Weights / Percentage of Holdings (ex-cash)
  December 31, 2014
  Portfolio Benchmark + / -
Consumer Disc. 16.66% 12.71% 3.94%
Consumer Staples 9.02% 8.98% 0.03%
Energy 3.55% 7.84% -4.29%
Financials 13.97% 17.44% -3.47%
Health Care 22.91% 13.95% 8.96%
Industrials 13.54% 11.16% 2.38%
Information Tech 19.97% 19.04% 0.93%
Materials 0.00% 3.54% -3.54%
Telecomm Services 0.38% 2.11% -1.73%
Utilities 0.00% 3.22% -3.22%
September 30, 2014
Portfolio Benchmark + / -
15.02% 12.32% 2.71%
8.69% 8.73% -0.03%
5.25% 9.21% -3.96%
13.85% 16.97% -3.12%
22.47% 13.58% 8.89%
13.59% 11.02% 2.57%
20.26% 19.05% 1.22%
0.00% 3.78% -3.78%
0.85% 2.33% -1.47%
0.00% 3.01% -3.01%
December 31, 2013
Portfolio Benchmark + / -
16.19% 13.37% 2.82%
9.54% 8.96% 0.57%
4.31% 9.62% -5.32%
17.21% 16.92% 0.29%
16.90% 12.57% 4.33%
12.21% 11.48% 0.73%
20.93% 18.20% 2.73%
0.00% 3.73% -3.73%
2.73% 2.23% 0.50%
0.00% 2.93% -2.93%
Characteristics
  December 31, 2014
  Portfolio Benchmark
Number of Holdings 83 1,043
W. Avg Cap. (mils) $119,983.8 $117,021.7
W. Median Cap (mils) $55,223.9 $60,837.7
P/E 1-year trailing 17.1 18.6
P/E 1-year forward 15.9 17.7
EPS Growth, past 3 years 14.4% 13.9%
EPS Growth, next 3 - 5 years 10.5% 11.7%
Price to Book 3.1 2.8
Price to Sales 1.6 0.1
Dividend Yield 1.8% 1.8%
Active Share 78.1% N/A
September 30, 2014
Portfolio Benchmark
78 1,032
$117,762.3 $115,357.7
$48,634.3 $57,802.4
16.6 18.9
15.2 16.9
14.7% 12.8%
10.2% 12.2%
2.9 2.7
1.5 1.7
1.8% 1.9%
78.4% N/A
December 31, 2013
Portfolio Benchmark
80 1,015
$93,523.7 $101,057.4
$43,175.7 $52,116.1
16.6 18.2
15.6 17.1
13.9% 12.6%
11.6% 12.1%
2.8 2.7
1.4 1.6
1.7% 1.9%
79.8% N/A
PERFORMANCE ATTRIBUTIONRelative to the Russell 1000 Index for the quarter ending 12/31/2014
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 23.29% 13.94% 8.21% 7.84% 0.28% 0.09% 0.36%
Information Tech 20.08% 19.00% 8.05% 4.92% -0.00% 0.62% 0.62%
Consumer Disc. 15.13% 12.38% 7.94% 8.43% 0.11% -0.09% 0.01%
Financials 13.85% 17.23% 5.59% 7.41% -0.08% -0.25% -0.33%
Industrials 13.74% 11.13% 5.72% 6.73% 0.06% -0.15% -0.09%
Consumer Staples 8.94% 8.97% 11.21% 8.29% -0.00% 0.26% 0.25%
Energy 4.19% 8.33% -28.79% -12.22% 0.73% -0.93% -0.20%
Telecomm Services 0.79% 2.24% 12.41% -4.24% 0.13% 0.08% 0.22%
Utilities 0.00% 3.16% 0.00% 12.67% -0.23% 0.00% -0.23%
Materials 0.00% 3.62% 0.00% -1.12% 0.22% 0.00% 0.22%
Total 100.00% 100.00% 5.72% 4.88% 1.21% -0.38% 0.84%
Top 10 Stock Contributors to Relative Return
Company Sector Impact
Medtronic, Inc. Health Care 0.40%
Amgen Inc. Health Care 0.30%
Apple Inc. Information Tech 0.19%
Western Union Company Information Tech 0.17%
Becton, Dickinson and Company Health Care 0.16%
CVS Health Corporation Consumer Staples 0.16%
Omnicom Group Inc Consumer Disc. 0.15%
Danaher Corporation Industrials 0.14%
DST Systems, Inc. Information Tech 0.14%
Kimberly-Clark Corporation Consumer Staples 0.13%
Top 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Energy Underweight 0.73%
Health Care Overweight 0.28%
Materials Underweight 0.22%
 
Top 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
Apple Inc. Information Tech 0.64%
Medtronic, Inc. Health Care 0.63%
Amgen Inc. Health Care 0.55%
CVS Health Corporation Consumer Staples 0.32%
FedEx Corporation Industrials 0.30%
Bottom 10 Stock Contributors to Relative Return
Company Sector Impact
Denbury Resources Inc. Energy -1.06%
National Oilwell Varco, Inc. Energy -0.36%
Exterran Holdings, Inc. Energy -0.25%
Roche Holding Ltd Genusssch. Health Care -0.20%
Dover Corporation Industrials -0.19%
Johnson & Johnson Health Care -0.14%
DIRECTV Consumer Disc. -0.13%
Capital One Financial Corporation Financials -0.10%
Oracle Corporation Information Tech -0.08%
Lowe's Companies, Inc. Consumer Disc. -0.07%
Bottom 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Utilities Underweight -0.23%
Financials Underweight -0.08%
Consumer Staples Underweight -0.00%
 
Bottom 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
Denbury Resources Inc. Energy -1.00%
National Oilwell Varco, Inc. Energy -0.28%
Exterran Holdings, Inc. Energy -0.22%
B/E Aerospace Inc. Industrials -0.14%
Dover Corporation Industrials -0.13%
PERFORMANCE ATTRIBUTIONRelative to the Russell 1000 Index for the period ending 12/31/2014
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 20.68% 13.28% 24.07% 25.68% 0.85% -0.35% 0.51%
Information Tech 20.67% 18.51% 18.72% 18.66% 0.10% -0.03% 0.07%
Consumer Disc. 15.91% 12.63% 14.14% 9.86% -0.10% 0.61% 0.51%
Financials 15.60% 17.03% 11.29% 15.04% -0.09% -0.50% -0.58%
Industrials 12.73% 11.25% 6.60% 8.96% -0.01% -0.34% -0.35%
Consumer Staples 8.76% 8.83% 16.88% 16.05% -0.03% 0.16% 0.13%
Energy 4.17% 9.39% -25.39% -8.50% 1.00% -0.87% 0.14%
Telecomm Services 1.48% 2.27% 23.94% 2.09% 0.06% 0.10% 0.16%
Utilities 0.00% 3.07% 0.00% 27.31% -0.38% 0.00% -0.38%
Materials 0.00% 3.74% 0.00% 6.85% 0.22% 0.00% 0.22%
Total 100.00% 100.00% 13.66% 13.24% 1.62% -1.23% 0.43%
Top 10 Stock Contributors to Relative Return
Company Sector Impact
Apple Inc. Information Tech 0.84%
Amgen Inc. Health Care 0.76%
Exxon Mobil Corporation Energy 0.42%
Medtronic, Inc. Health Care 0.39%
McKesson Corporation Health Care 0.30%
Time Warner Inc. Consumer Disc. 0.30%
FedEx Corporation Industrials 0.30%
DIRECTV Consumer Disc. 0.29%
General Electric Company Industrials 0.29%
Amazon.com, Inc. Consumer Disc. 0.27%
Top 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Energy Underweight 1.00%
Health Care Overweight 0.85%
Materials Underweight 0.22%
 
Top 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
Apple Inc. Information Tech 2.31%
Amgen Inc. Health Care 1.34%
Medtronic, Inc. Health Care 0.86%
Wells Fargo & Company Financials 0.81%
FedEx Corporation Industrials 0.80%
Bottom 10 Stock Contributors to Relative Return
Company Sector Impact
Denbury Resources Inc. Energy -1.49%
National Oilwell Varco, Inc. Energy -0.36%
Viacom Inc. Class B Consumer Disc. -0.35%
CA, Inc. Information Tech -0.33%
Target Corporation Consumer Disc. -0.32%
ManpowerGroup Inc. Industrials -0.30%
Dover Corporation Industrials -0.28%
Roche Holding Ltd Genusssch. Health Care -0.25%
Credit Suisse Group AG Financials -0.24%
Aflac Incorporated Financials -0.19%
Bottom 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Utilities Underweight -0.38%
Consumer Disc. Overweight -0.10%
Financials Underweight -0.09%
 
Bottom 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
Denbury Resources Inc. Energy -1.26%
Google Inc. Class C Information Tech -0.55%
National Oilwell Varco, Inc. Energy -0.28%
CA, Inc. Information Tech -0.24%
Viacom Inc. Class B Consumer Disc. -0.24%

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