Calvert Equity Portfolio Posts Strong Performance, Beating Its Benchmark for the Three, Five and 10-Year Time Periods
Morningstar Rated the Fund Four Stars Overall And For The Three, Five and 10-Year Time Periods
5/4/2012
Bethesda, MD — The Calvert Equity Portfolio (CSIEX), Class A Shares (load-waived) provided sound performance, outperforming its benchmark, the S&P 500 Index, for the three, five and 10-year time periods ended 3/31/12. Morningstar rated the Fund’s A Shares (load waived) four stars overall, and for the three, five and 10-year time periods in the U.S. Open-End Large Growth category out of 1609, 1459, 1266, and 816 Funds, respectively, as of 3/31/2012.
Calvert Equity Portfolio lead manager, Richard England, has more than 20 years of fund management and equity analysis experience. The Fund seeks growth of capital through investment in stocks of issuers in industries believed to offer opportunities for potential capital appreciation and which meet the Fund's investment criteria, including financial, sustainability and social responsibility factors. Learn more about the Calvert Equity Portfolio investment process here. See the most recent Portfolio Commentary on the Fund.
“We focus on finding high-quality stocks for the Portfolio, with high quality generally defined as greater relative consistency of growth in earnings,” said Richard England. “In general, we’re looking for stocks where our fundamental view is positively differentiated from the consensus.”
Read an excerpt from a recent webinar featuring Mr. England, Stocks Poised to Benefit from Strong Corporate Earnings.
“We believe that the U.S. economic recovery is gaining momentum and that U.S. stocks offer some compelling buying opportunities,” said Natalie Trunow, Chief Investment Officer of Equities at Calvert Investment Management, Inc. “We anticipate that earnings for U.S. companies will continue to be generally strong, with many of these stocks trading at attractive valuation multiples.”
Average Annual Total Return For Period Ended 3/31/2012
| Calvert Equity Portfolio | 1YR | 3YR | 5YR | 10YR | Since Inception (8/24/1987) |
|---|---|---|---|---|---|
| A Shares with (4.75% Sales Charge) | 0.62% | 21.64% | 3.72% | 4.08% | 7.38% |
| A Shares at Net Asset Value (NAV) | 5.64% | 23.63% | 4.74% | 4.59% | 7.60% |
| S&P 500 Index | 8.54% | 23.42% | 2.01% | 4.12% | n/a |
Expense Ratio: 1.22%. Performance data quoted already reflects deduction of fund operating expenses.
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. An Index reflects no deduction for fees and expenses. An investor cannot invest directly in an index. Visit www.calvert.com to obtain performance data current to the most recent month-end.
Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Portfolio, or the Portfolio could underperform, because of the following risks: a) the stock market may fall in value, causing prices of stocks held by the Portfolio to fall, b) the individual investments of the Portfolio may not perform as expected, and c) the Portfolio’s management practices may not achieve the desired result. In addition, large-cap companies may be unable to respond quickly to new competitive challenges such as changes in technology, and also may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion.
Morningstar Ratings as of 3/31/12
| Category: | 3-Year | 5-Year | 10-Year | Overall |
|---|---|---|---|---|
| Calvert Equity Portfolio A Shares (NAV) | Four Stars (out of 1,459 Funds) | Four Stars (out of 1,266 Funds) | Four Stars (out of 816 Funds) | Four Stars (out of 1,609 Funds |
About Morningstar Ratings:
Performance data quoted represents past performance, which does not guarantee future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) A high rating does not necessarily mean a fund had a positive return for the period. The overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. Morningstar rating is for the A share class only; other classes may have different performance characteristics.
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