Calvert VP SRI Balanced Portfolio

Daily Performance (as of 9/3/2010)
Price $1.58
Price Change $0.01 (0.76%)
YTD Return 3.26%
Fund Facts (as of 9/3/2010)
Calvert Fund Number 942 (I Shares)
CUSIP Number 131647208 (I Shares)
Assets Under Management $311.52 Million
Duration (as of 7/31/2010)
Effective Duration 3.12 Years

Overview

Fund Management

Calvert Asset Management Company, Inc.

New Amsterdam Partners LLC

Top 10 Equity Holdings

Top 10 Equity Holdings

The top 10 companies in which the portfolio invests, measured by a percentage of total investments.

Issues in Portfolio: 201
Click here for all Fund Holdings

Investment Objectives

The Fund seeks to achieve a competitive total return through an actively managed portfolio of stocks, bonds and money market instruments which offer income and capital growth opportunity and satisfy the investment and social criteria. 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 or bonds may decline; the individual stocks or bonds in the Fund may not perform as well as expected; and/or the Fund’s portfolio management practices may not work to achieve their desired result.

Important Disclosure

Holdings are subject to change.


Performance

Select additional indices to display below:

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 Returns (%) for period ending 8/31/2010
Share Class YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since Inception Inception
I Shares (No Charge) 0.00 1.93 7.39 -4.66 -0.39 -0.28 6.49 9/2/1986
Average Annual Returns (%) for period ending 6/30/2010
Share Class YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since Inception Inception
I Shares (No Charge) -1.89 -6.23 14.23 -5.70 -0.37 -0.07 6.45 9/2/1986
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. Indices reflect no deductions for fees or expenses. An investor cannot invest directly in an index.
Fund Expenses (from Prospectus)
(Performance data quoted above already reflects deduction for Fund 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)
0.91% n/a n/a

Hypothetical Growth of $10,000

Yearly Percentage Return

Modern Portfolio Theory Statistics* as of 7/31/2010

  Fund (IShares) Russell 1000 Index
  3 yrs 5 yrs 3 yrs 5 yrs
Alpha 0.02% -0.36% n/a n/a
Beta 0.66 0.65 1.00 1.00
R-Squared 93.20% 93.24% 100.00% 100.00%
Sharpe Ratio -0.35 -0.22 -0.36 -0.15
Standard Deviation 14.70% 11.73% 21.59% 17.37%
Excess Return 2.63% -0.07% n/a n/a
Information Ratio 0.32 -0.01 n/a n/a
*Source: Zephyr StyleADVISOR using MorningstarTM data

Glossary of Terms:

In Modern Portfolio Theory statistical calculations are applied to an investment strategy to seek to construct an optimal portfolio by considering the relationship between risk and return.

Alpha is a measure of the difference between a fund's actual returns and its expected performance, given its level of risk as measured by beta. A positive alpha figure indicates the fund has performed better than its beta would predict. In contrast, a negative alpha indicates the fund's underperformance, given the expectations established by the fund's beta.

Beta is a measure of portfolio risk relative to the market or benchmark. A portfolio beta of 1.0 indicates a risk level equal to that of the fund's benchmark.

R-Squared is a statistical measure that represents the percentage of a fund's or security's movements that can be explained by movements in a benchmark index. R-squared values range from 0 to 100 percent. An R-squared of 100 percent means that all movements of a security are completely explained by movements in the index. A high R-squared (between 85 and 100 percent) indicates the fund's performance patterns have been in line with the index. A fund with a low R-squared (70 percent or less) doesn't act much like the index. A higher R-squared value will indicate a more useful beta figure. For example, if a fund has an R-squared value of close to 100 percent but has a beta below 1, it is most likely offering higher risk-adjusted returns.

Sharpe Ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the fund's historical risk-adjusted performance.

Standard Deviation is a useful measure of a fund's risk. For example, a fund with a standard deviation of 10 can be expected to produce an annual return that is within 10 percentage points (plus or minus) of its average annual return two-thirds of the time.

Excess Return is return in excess of the risk-free rate or in excess of a benchmark.

Information Ratio is a measure of the consistency of excess return of a mutual fund as compared to its benchmark. The higher the Information Ratio of a Fund, the higher the active return of the Fund, given the amount of risk involved, and the more consistently the Fund manager beats the Fund's benchmark.

 

Important Disclosure

Net expense ratio reflects contractual fee waiver and/or expense reimbursement through April 30, 2011.


The performance does not reflect fees and charges imposed under the variable annuity and life insurance contracts through which an investment may be made. If these fees and charges were included, they would reduce these returns.


Pricing & Distribution

Most Recent Distributions

I Shares: Without Sales Charge
Date Type Rate Record Date Ex Date Reinvest Date Reinvest Price
12/30/2009 Dividend 0.03084 12/29/2009 12/30/2009 12/30/2009 1.54
12/30/2008 Dividend 0.04398 12/29/2008 12/30/2008 12/30/2008 1.24
12/30/2008 Long Term Gain 0.02457 12/29/2008 12/30/2008 12/30/2008 1.24
12/28/2007 Dividend 0.05124 12/27/2007 12/28/2007 12/28/2007 1.92
12/28/2007 Long Term Gain 0.11726 12/27/2007 12/28/2007 12/28/2007 1.92
12/28/2006 Dividend 0.04737 12/27/2006 12/28/2006 12/28/2006 2.04
12/28/2006 Long Term Gain 0.03635 12/27/2006 12/28/2006 12/28/2006 2.04
12/29/2005 Dividend 0.03488 12/28/2005 12/29/2005 12/29/2005 1.95
12/31/2004 Dividend 0.03116 12/29/2004 12/30/2004 12/30/2004 1.87
12/30/2003 Dividend 0.03178 12/30/2003 12/31/2003 12/30/2003 1.76
12/30/2002 Dividend 0.04535 12/30/2002 12/31/2002 12/30/2002 1.50
12/28/2001 Dividend 0.07036 12/28/2001 12/31/2001 12/28/2001 1.77
12/28/2001 Long Term Gain 0.03428 12/28/2001 12/31/2001 12/28/2001 1.77
12/28/2000 Dividend 0.03611 12/28/2000 12/28/2000 12/28/2000 2.02
12/28/2000 Long Term Gain 0.05979 12/28/2000 12/28/2000 12/28/2000 2.02
12/28/2000 Short Term Gain 0.00396 12/28/2000 12/28/2000 12/28/2000 2.02
12/30/1999 Dividend 0.05176 12/30/1999 12/31/1999 12/30/1999 2.17
12/30/1999 Long Term Gain 0.17596 12/30/1999 12/31/1999 12/30/1999 2.17
12/30/1999 Short Term Gain 0.00137 12/30/1999 12/31/1999 12/30/1999 2.17
12/30/1998 Dividend 0.05139 12/30/1998 12/31/1998 12/30/1998 2.13
12/30/1998 Long Term Gain 0.11216 12/30/1998 12/31/1998 12/30/1998 2.13
12/30/1998 Short Term Gain 0.00309 12/30/1998 12/31/1998 12/30/1998 2.13
12/31/1997 Dividend 0.04675 12/31/1997 1/2/1998 12/31/1997 1.98
12/31/1997 Long Term Gain 0.08941 12/31/1997 1/2/1998 12/31/1997 1.98
12/31/1997 Short Term Gain 0.01200 12/31/1997 1/2/1998 12/31/1997 1.98
12/31/1996 Dividend 0.04157 12/31/1996 1/2/1997 12/31/1996 1.77
12/31/1996 Long Term Gain 0.07720 12/31/1996 1/2/1997 12/31/1996 1.77
12/31/1996 Short Term Gain 0.02518 12/31/1996 1/2/1997 12/31/1996 1.77
12/29/1995 Dividend 0.11259 12/29/1995 12/29/1995 12/29/1995 1.70
12/29/1995 Long Term Gain 0.05447 12/29/1995 12/29/1995 12/29/1995 1.70
12/30/1994 Dividend 0.04626 12/30/1994 12/30/1994 12/30/1994 1.44
12/31/1993 Dividend 0.04520 12/31/1993 12/31/1993 12/31/1993 1.54
12/31/1992 Dividend 0.04481 12/31/1992 12/31/1992 12/31/1992 1.47
12/31/1991 Dividend 0.04981 12/31/1991 12/31/1991 12/31/1991 1.40
12/31/1990 Dividend 0.05011 12/31/1990 12/31/1990 12/31/1990 1.25
12/29/1989 Dividend 0.04229 12/29/1989 12/29/1989 12/29/1989 1.25
12/30/1988 Dividend 0.05286 12/30/1988 12/30/1988 12/30/1988 1.07
12/31/1987 Dividend 0.01925 12/31/1987 12/31/1987 12/31/1987 1.00
12/31/1986 Dividend 0.01017 12/31/1986 12/31/1986 12/31/1986 0.96

Top Holdings

Top 10 Equity Holdings

Top 10 Equity Holdings

The top 10 companies in which the portfolio invests, measured by a percentage of total investments.

Issues in Portfolio: 201
Click here for all Fund Holdings

Important Disclosure

Holdings are subject to change.


Management & Commentary

Fund Management

Calvert Asset Management Company, Inc.

As investment advisor to the Calvert family of funds, CAMCO oversees assets covering a broad range of equity, fixed-income, balanced, and asset allocation funds.

New Amsterdam Partners LLC

Founded in 1986 and 100 percent employee-owned, New Amsterdam applies a growth-at a-reasonable price investment strategy and a proprietary, dynamic valuation model.

Quarterly Fund Commentary

Related Market Outlook

Fees & Minimums

Annual Operating Expenses (deducted from Fund assets)

Description Expense
Management fees 0.700%
Distribution and service (12b-1) fees none
Other expenses 0.210%
Total annual Fund operating expenses 0.910%

Shareholder Fees (fees paid directly from your account)

Description Fee
Maximum sales charge (load) imposed on purchases
(as a percentage of offering price)		 none
Maximum deferred sales charge (load)
(as a percentage of purchase or redemption
proceeds, whichever is lower) 		none
Short term trading fee
(unless otherwise noted 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)		 0.91%
Net Expense Ratio
(if waiver/reimbursement
in effect)		 n/a
Gross Expense Ratio
(if waiver/reimbursement
in effect)		 n/a

Investment Minimums

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

Important Disclosure

Management fees include the advisory fee paid by the Fund to the Advisor, and the administrative fee paid by the Fund to Calvert Administrative Services Company, an affiliate of the Advisor.


Fund literature and resources
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 Growth

is categorized as: Large Growth

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