Update on Calvert’s Holdings of Securities Issued by CIT Group
11/3/2009
CIT Group, a commercial lending company that specializes in providing loans to small and mid-size businesses, filed for bankruptcy protection on November 1, 2009. As of November 2, none of Calvert’s sustainable and responsible equity funds held shares of CIT.
Some of Calvert’s taxable bond funds did have limited exposure to securities issued by CIT as of November 2. Calvert’s taxable bond portfolio managers believe that the impact of the bankruptcy was priced into the CIT bonds for some time prior to the actual bankruptcy announcement.
CIT Holdings as Percentage of Fund as of 11/2/09
| Calvert Short Duration Income Fund | 0.01% |
| Calvert Income Fund | 0.03% |
| Calvert Social Index Fund (CSIF) Bond Portfolio | 0.01% |
| Calvert Long-Term Income Fund | less than 0.01% |
| CSIF Balanced Portfolio | 0.02%* |
*Fixed-income portion of Portfolio only; Fixed-income assets constituted 30% of the overall fund as of 9/30/09
Investment in mutual funds involves risk, including possible loss of principal invested. Current and future portfolio holdings are subject to market risk. Bond funds are subject to interest rate risk and credit risk. When interest rates rise, the value of fixed-income securities will generally fall. Conversely, a drop in interest rates will generally cause an increase in the value of fixed-income securities.
#9525 (11/09)
