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Calvert Conservative Allocation Fund (CCLAX)

Daily Performance (as of 10/22/2014)
Price $17.23
Price Change $-0.05 (-0.29%)
YTD Return (4.75% Sales Charge) -1.45%
YTD Return (No Charge) 3.48%
Fund Facts (as of 10/22/2014)
NASDAQ Symbol CCLAX (A Shares)
Calvert Fund Number 962 (A Shares)
CUSIP Number 131618696 (A Shares)
Assets Under Management $117.81 Million

Overview

Fund Management

Calvert Investment Management, Inc.

Natalie Trunow,
Chief Investment Officer, Equities

Joshua Linder,
Assistant 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: 9
Click here for all Fund Holdings

Investment Objective

The Fund seeks current income and capital appreciation, consistent with the preservation of capital.

Investment Strategy

The Fund is a "fund of funds" that seeks to achieve its investment objective by investing primarily in a portfolio of underlying Calvert fixed-income and equity funds that meet the Fund's investment criteria, including financial, sustainability and social responsibility factors. The Fund may also invest in cash and short-term money market instruments. The Fund invests in underlying Calvert funds in accordance with a stable target asset allocation determined by the investment advisor. The Fund typically invests 45% to 75% of its net assets in underlying Calvert funds that invest primarily in fixed-income securities; 15% to 45% of its net assets in Calvert funds that invest primarily in equity securities; and 0% to 20% in cash and short-term money market instruments. The Fund's asset allocation strategy incorporates historical risk and return characteristics of various asset classes and correlations between asset classes to establish allocations intended to provide an optimal level of return for a given level of risk. The Advisor monitors the Fund's allocation and may rebalance or reallocate the Fund's assets based on its view of economic and market factors and events, or to adjust for shifts in the style biases of the underlying Calvert funds.

Investment Risk

Investment in mutual funds involves risk, including the possible loss of principal invested. The Fund is subject to asset allocation risk, which is the chance that selection of, and allocation of assets to, the underlying funds will cause the Fund to underperform. The Fund shares the principal risks of each underlying fund in which it invests and pays a proportionate share of the operating expenses of those funds as well as the direct expenses of investing in the Fund. The Fund's greater allocation to fixed-income funds makes it more susceptible to risks associated with fixed-income investments than equity investments. Asset allocation does not ensure a profit and may not protect against a loss.


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

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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
A Shares (No Charge) 3.42 -0.83 6.78 8.81 7.60 n/a 5.38 4/29/2005
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
n/a 1.01% 1.25% 31.00%

Hypothetical Growth of $10,000

Yearly Percentage Return


Important Disclosure

Net expense ratio reflects contractual fee waiver and/or expense reimbursement through January 31, 2015.

The Fund also shows the Conservative Allocation Composite Benchmark (22% Russell 3000 Index; 8% MSCI EAFE Global Investable Market Index; 60% Barclays U.S. Credit Index; 10% Barclays 3-month T-Bill Bellwether Index) because it is more consistent with the Fund's portfolio construction process and represents a more accurate reflection of the Fund's anticipated risk and return patterns.


Pricing & Distribution

Most Recent Distributions

A Shares: Without Sales Charge
Date Type Rate Record Date Ex Date Reinvest Date Reinvest Price
9/26/2014 Dividend 0.04636 9/24/2014 9/25/2014 9/25/2014 17.23
6/27/2014 Dividend 0.05130 6/25/2014 6/26/2014 6/26/2014 17.37
3/28/2014 Dividend 0.04540 3/26/2014 3/27/2014 3/27/2014 16.92
12/27/2013 Dividend 0.14632 12/24/2013 12/26/2013 12/26/2013 16.74
12/6/2013 Short Term Gain 0.00639 12/4/2013 12/5/2013 12/5/2013 16.70
12/6/2013 Long Term Gain 0.47893 12/4/2013 12/5/2013 12/5/2013 16.70
9/27/2013 Dividend 0.04583 9/25/2013 9/26/2013 9/26/2013 16.93
6/28/2013 Dividend 0.04548 6/26/2013 6/27/2013 6/27/2013 16.45
3/28/2013 Dividend 0.04546 3/26/2013 3/27/2013 3/27/2013 16.62
12/28/2012 Dividend 0.25489 12/26/2012 12/27/2012 12/27/2012 16.07
12/7/2012 Long Term Gain 0.30481 12/5/2012 12/6/2012 12/6/2012 16.26
9/28/2012 Dividend 0.05450 9/26/2012 9/27/2012 9/27/2012 16.47
6/29/2012 Dividend 0.06292 6/27/2012 6/28/2012 6/28/2012 15.68
3/30/2012 Dividend 0.05841 3/28/2012 3/29/2012 3/29/2012 15.96
12/23/2011 Dividend 0.22432 12/21/2011 12/22/2011 12/22/2011 15.11
12/8/2011 Long Term Gain 0.20726 12/6/2011 12/7/2011 12/7/2011 15.37
3/31/2011 Dividend 0.25361 3/29/2011 3/30/2011 3/30/2011 15.39
12/23/2010 Dividend 0.19464 12/21/2010 12/22/2010 12/22/2010 15.22
9/30/2010 Dividend 0.06096 9/28/2010 9/29/2010 9/29/2010 15.19
6/25/2010 Dividend 0.05967 6/23/2010 6/24/2010 6/24/2010 14.59
3/26/2010 Dividend 0.05826 3/24/2010 3/25/2010 3/25/2010 14.73
12/24/2009 Dividend 0.16770 12/22/2009 12/23/2009 12/23/2009 14.40
9/25/2009 Dividend 0.06511 9/23/2009 9/24/2009 9/24/2009 14.22
6/26/2009 Dividend 0.06174 6/24/2009 6/25/2009 6/25/2009 13.15
3/27/2009 Dividend 0.09753 3/25/2009 3/26/2009 3/26/2009 12.30
12/24/2008 Dividend 0.22875 12/22/2008 12/23/2008 12/23/2008 12.46
12/4/2008 Long Term Gain 0.18849 12/2/2008 12/3/2008 12/3/2008 12.63
9/26/2008 Dividend 0.09799 9/24/2008 9/25/2008 9/25/2008 14.76
6/27/2008 Dividend 0.11569 6/25/2008 6/26/2008 6/26/2008 15.36
3/28/2008 Dividend 0.11928 3/26/2008 3/27/2008 3/27/2008 15.54
12/28/2007 Dividend 0.28502 12/26/2007 12/27/2007 12/27/2007 15.96
12/7/2007 Short Term Gain 0.00174 12/5/2007 12/6/2007 12/6/2007 16.42
12/7/2007 Long Term Gain 0.22633 12/5/2007 12/6/2007 12/6/2007 16.42
9/28/2007 Dividend 0.11834 9/26/2007 9/27/2007 9/27/2007 16.46
6/29/2007 Dividend 0.10825 6/27/2007 6/28/2007 6/28/2007 16.18
3/30/2007 Dividend 0.12154 3/28/2007 3/29/2007 3/29/2007 16.09
12/28/2006 Dividend 0.20079 12/26/2006 12/27/2006 12/27/2006 16.01
12/8/2006 Short Term Gain 0.01101 12/6/2006 12/7/2006 12/7/2006 16.21
12/8/2006 Long Term Gain 0.08568 12/6/2006 12/7/2006 12/7/2006 16.21
9/28/2006 Dividend 0.10367 9/26/2006 9/27/2006 9/27/2006 15.82
6/29/2006 Dividend 0.08822 6/27/2006 6/28/2006 6/28/2006 15.15
3/30/2006 Dividend 0.07346 3/28/2006 3/29/2006 3/29/2006 15.60
12/29/2005 Dividend 0.15871 12/27/2005 12/28/2005 12/28/2005 15.48
12/9/2005 Short Term Gain 0.00634 12/7/2005 12/8/2005 12/8/2005 15.55
9/29/2005 Dividend 0.04888 9/27/2005 9/28/2005 9/28/2005 15.39
6/24/2005 Dividend 0.03187 6/22/2005 6/23/2005 6/23/2005 15.29

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: 9
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.


Fees & Minimums

Annual Operating Expenses (deducted from Fund assets)

Description Expense
Management fees 0.150%
Distribution and service (12b-1) fees 0.250%
Other expenses 0.280%
Indirect underlying fund expenses 0.570%
Total annual Fund operating expenses 1.250%

Less fee waiver and/or expense reimbursement 0.240%
Net expenses 1.010%

Shareholder Fees (fees paid directly from your account)

Description Fee
Maximum sales charge (load) imposed on purchases
(as a percentage of offering price)
4.75%
Maximum deferred sales charge (load)
(as a percentage of purchase or redemption
proceeds, whichever is lower)
none
Redemption Fee
(unless otherwise noted in the prospectus the redemption fee applies to redemptions, including exchanges within 30 days of purchase (seven days for Class I and R shares)
2.00%

Fund Expense Ratios

Description Expense
Expense Ratio
(if no waiver/reimbursement
in effect)
n/a
Net Expense Ratio
(if waiver/reimbursement
in effect)
1.01%
Gross Expense Ratio
(if waiver/reimbursement
in effect)
1.25%

Investment Minimums

Description Minimum
Minimum Initial Investment (ClassA) $2,000
Minimum Initial Investment for IRA (ClassA) $1,000
Minimum Subsequent Investment (ClassA) $250

Important Disclosure

Calvert has agreed contractually to limit direct net annual operating expenses for Calvert Conservative Allocation Fund, Calvert Moderate Allocation Fund and Calvert Aggressive Allocation Fund through January 31, 2015. This expense limitation does not limit the acquired fund fees and expenses incurred by a shareholder. Direct net operating expenses for each Fund will not exceed 0.44% for Class A Shares of Calvert Conservative Allocation Fund; 0.80% for Class A Shares of Calvert Moderate Allocation Fund; and 0.43% for Class A Shares of Calvert Aggressive Allocation Fund. Direct ordinary operating expenses will not exceed 2.00% for Class C Shares of each Fund.  Only the Board of Trustees of the applicable Fund may terminate the Fund's expense limitation before the contractual period expires, upon 60 days' prior notice to shareholders. Under the terms of the contractual expense limitation, operating expenses do not include interest expense, brokerage commissions, extraordinary expenses and taxes. As a shareholder in underlying Calvert Funds, Calvert Conservative Allocation Fund, Calvert Moderate Allocation Fund and Calvert Aggressive Allocation Fund each will indirectly bear its pro rata share of operating expenses incurred by the underlying Calvert Funds.

Each of Calvert Conservative Allocation Fund, Calvert Moderate Allocation Fund and Calvert Aggressive Allocation Fund pay no investment advisory fee. Management fees include the administrative fee paid by the Fund to Calvert Investment Administrative Services, Inc., an affiliate of the Advisor.

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.

Large Blend

CCLAX is categorized as: Large Blend

Morningstar Category™

Conservative Allocation

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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