Calvert for Institutional Investors
Mutual Fund Performance

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Fund Prices
as of 5/20/2013
Return
(as of 5/20/2013)
Average Annual Total Returns
(for period ending 4/30/2013)
Share Class Price $ Change % Change YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since
Inception
Inception
I Shares
(No Charge)
33.88 0.00 0.00 9.41 0.98 8.18 9.15 4.77 6.05 3.58 2/26/1999
I Shares
(No Charge)
16.33 -0.01 -0.06 0.94 1.63 7.62 6.39 5.89 5.94 6.58 3/31/2000
I Shares
(No Charge)
37.86 -0.05 -0.13 14.04 -0.25 12.40 14.68 7.98 9.07 5.12 2/26/1999
I Shares
(No Charge)
1.00 0.00 0.00 0.00 0.00 0.01 0.03 0.54 1.87 3.02 7/1/1996
Fund Prices
as of 5/20/2013
Return
(as of 5/20/2013)
Average Annual Total Returns
(for period ending 4/30/2013)
Share Class Price $ Change % Change YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since
Inception
Inception
I Shares
(No Charge)
13.38 0.15 1.12 6.44 1.18 n/a n/a n/a n/a 7.46 10/29/2012
I Shares
(No Charge)
47.06 -0.06 -0.13 13.32 0.02 10.24 10.69 5.64 7.75 6.42 11/1/1999
I Shares
(No Charge)
6.64 0.05 0.75 17.94 2.44 15.60 -10.36 -17.81 n/a -12.95 5/31/2007
I Shares
(No Charge)
16.64 -0.01 -0.06 -0.32 0.70 2.39 4.93 n/a n/a 5.96 12/31/2008
Fund Prices
as of 5/20/2013
Return
(as of 5/20/2013)
Average Annual Total Returns
(for period ending 4/30/2013)
Share Class Price $ Change % Change YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since
Inception
Inception
I Shares
(No Charge)
30.57 0.02 0.07 5.60 1.98 14.00 12.04 10.00 9.11 7.62 7/9/2001
I Shares
(No Charge)
16.79 -0.01 -0.06 2.22 1.77 9.51 6.18 5.46 5.76 6.62 2/26/1999
I Shares
(No Charge)
17.25 0.05 0.29 13.56 4.27 16.68 5.90 -3.88 5.94 2.04 2/26/1999
I Shares
(No Charge)
14.49 0.06 0.41 12.15 4.04 17.92 7.39 0.45 n/a 0.31 5/31/2007
Fund Prices
as of 5/20/2013
Return
(as of 5/20/2013)
Average Annual Total Returns
(for period ending 4/30/2013)
Share Class Price $ Change % Change YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since
Inception
Inception
I Shares
(No Charge)
22.40 -0.06 -0.27 18.46 1.37 16.50 11.79 5.22 6.53 4.04 4/15/1998
I Shares
(No Charge)
16.65 0.00 0.00 1.58 0.75 5.92 3.83 4.78 5.03 5.59 2/26/2002
I Shares
(No Charge)
23.71 0.05 0.21 22.91 1.99 24.27 10.88 6.46 n/a 6.42 4/29/2005
I Shares
(No Charge)
15.65 -0.03 -0.19 17.85 1.57 15.13 11.71 5.52 6.88 1.11 6/30/2000

Important Performance Disclosure

Class A and Class I shares of Calvert High Yield Bond Fund, a series of Summit Mutual Funds, Inc. (“SMF Calvert High Yield Bond Fund”), were reorganized into the Class A and Class I shares, respectively, of an identical and newly created series of The Calvert Fund (“TCF”), Calvert High Yield Bond Fund, which commenced operations on September 18, 2009. The performance results prior to September 18, 2009, for Class A and Class I shares of TCF Calvert High Yield Bond Fund reflect the performance of the corresponding shares of SMF Calvert High Yield Bond Fund. In addition, performance results for Class A shares of TCF Calvert High Yield Bond Fund prior to February 1, 2007, the inception date for Class A shares of SMF Calvert High Yield Bond Fund, reflect the performance of Class I shares of SMF Calvert High Yield Bond Fund, adjusted for the 12b-1 distribution fees applicable to Class A.

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.

From January 18, 2002 to June 3, 2003, there were no Class I shareholders in the Calvert Capital Accumulation Fund. Performance results for Class I shares during this period 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.

From June 30, 2003 to December 27, 2004, there were no Class I shareholders in Calvert Balanced Portfolio. Performance results for the Fund during this period 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.

From November 7, 2005 through April 21, 2006, there were no Class I shareholders in Calvert Short Duration Income Fund. Performance results for Class I shares during this period 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.

Money market fund yields fluctuate and past performance is not a guarantee of future results. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. Yield quotation more closely reflects the current earnings of the money market fund than the total return quotation.

Performance results for Class I shares of Calvert Government Fund prior to April 30, 2011 (the Class I shares' inception date) reflect the performance of Class A shares at net asset value. 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.

I101 (4/09)