The Calvert Balanced and Equity portfolios, along with the Calvert International Equity Fund, Calvert International Opportunities Fund, Calvert Capital Accumulation Fund, Calvert Large Cap Growth Fund, Calvert Large Cap Value Fund, Calvert Social Index Fund, Calvert Global Alternative Energy Fund, and Calvert Global Water Fund, may choose to allocate a small portion of the assets for early, direct investments in companies run by visionary entrepreneurs who have identified profitable ways of addressing society's needs.
The Calvert Special Equities Program invests in higher-risk, socially and environmentally responsible enterprises. These companies provide market-based solutions to some of the more difficult social, environmental, and health problems facing society today. We hope these long-term venture capital investments will generate a greater return not only for our investors but for future generations as well.
Since 1992, Calvert has invested in many young enterprises through this unique venture capital program. The Special Equities' portfolio holdings are subject to change at any time based on the decisions of portfolio management. Sample holdings include the following:
GRO Solar
GRO Solar is involved in the manufacture of solar systems, and components, the financing required for the systems, and the installation of systems. GRO Solar represents one of the largest distributors and installers in the US. Since the investment by the Funds' Special Equities program, GRO Solar has acquired or merged with Energy Outfitters and Chesapeake Solar. These acquisitions have expanded the geographic footprint from the northeastern United States, where GRO Solar was founded in Vermont, to Energy Outfitter's market space on the West Coast, and Chesapeake Solar's market space in the Mid-Atlantic region.
AgraQuest
AgraQuest is the international producer of bio-safe fungicides and pesticides. This investment represents a clean technology investment in agriculture. Clean technology is part of the SRI philosophy at Calvert, but is much more than simply wind or solar power. AgraQuest represents an investment that is directly tied to the treatment of the crops, and the foods we eat. Over the years, the company has grown and increased their sales base to include countries around the globe.
Calvert's sustainable and responsible equity funds may or may not invest in the companies mentioned on this site. For the most recently available information on holdings in each Calvert sustainable and responsible equity fund, look at our Holdings page, which is updated monthly.
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