Calvert VP Small Cap Growth Portfolio

Daily Performance (as of 4/22/2014)
Price $55.78
Price Change $0.82 (1.47%)
YTD Return -0.87%
Portfolio Facts (as of 4/21/2014)
Calvert Portfolio Number 943
CUSIP Number 131647885
Assets Under Management $25.89 Million

Overview

Portfolio Management

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: 119
Click here for all Fund Holdings

Investment Objective

The Portfolio seeks long-term capital appreciation.

Investment Strategy

The Portfolio focuses on small, rapidly growing and under-researched companies whose securities, in the sub-advisor's opinion, are trading at reasonable prices. The Portfolio normally invests at least 80% of its net assets in the equity securities, such as common or preferred stocks, of small capitalization companies listed on U.S. exchanges or in the U.S. over-the-counter market. The Portfolio considers a small capitalization company to have a market capitalization within the range of companies in the Russell 2000 Growth Index.

Investment Risk

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: the stock market may fall in value, causing prices of stocks held by the Portfolio to fall; individual investments of the Portfolio may not perform as expected; and/or the Portfolio's portfolio management practices may not achieve the desired result. Prices of small cap stocks can be more volatile than those of larger, more established companies. Small cap companies are more likely to have more limited product lines, fewer capital resources and less depth of management than larger companies.


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

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 Total Returns (%) for period ending 3/31/2014
YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since Inception Inception
Portfolio 1.62 1.62 18.09 11.09 25.27 9.55 2.81 11/1/1999
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)
Portfolio Turnover
n/a 1.04% 1.17% 40.00%

Hypothetical Growth of $10,000

Yearly Percentage Return

Modern Portfolio Theory Statistics* as of 3/31/2014

  Portfolio Russell 2000 Growth Index
  3 yrs 5 yrs 3 yrs 5 yrs
Alpha -1.27% 1.53% 0.00% 0.00%
Beta 0.92 0.93 1.00 1.00
R-Squared 93.52% 95.40% 100.00% 100.00%
Sharpe Ratio 0.66 1.36 0.77 1.30
Standard Deviation 16.74% 18.47% 17.57% 19.34%
Excess Return -2.53% 0.03% 0.00% 0.00%
Information Ratio -0.56 0.01 0.00 0.00
Tracking Error 4.48% 4.17% 0.00% 0.00%
*Source: Zephyr StyleADVISOR using MorningstarTM data


Standard Deviation is a measure of a fund's risk. A standard deviation of 1 means a fund can be expected to produce an annual return that is +/-1% of its average annual return 66% of the time.
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.
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.
Excess Return is return in excess of the risk-free rate or in excess of a benchmark.
R Squared is a statistical measure that represents the percentage of a fund's movements that can be explained by movements in its benchmark index.
Tracking Error is the difference in the return earned by a portfolio and the return earned by the benchmark against which the portfolio is constructed.
Information Ratio is a measure of the consistency of excess return of a mutual fund as compared to its benchmark.
Sharpe Ratio is used to measure risk-adjusted performance. It is calculated by using standard deviation and return in excess of the benchmark to determine reward per unit of risk.


Important Disclosure

Net expense ratio reflects contractual fee waiver and/or expense reimbursement through April 30, 2014.


Pricing & Distribution

Most Recent Distributions

Portfolio
Date Type Rate Record Date Ex Date Reinvest Date Reinvest Price
12/20/2013 Long Term Gain 4.94777 12/18/2013 12/19/2013 12/19/2013 54.35
12/28/2012 Long Term Gain 1.78079 12/27/2012 12/28/2012 12/28/2012 45.91
12/30/2009 Dividend 0.01967 12/29/2009 12/30/2009 12/30/2009 32.07
12/28/2000 Short Term Gain 0.26680 12/28/2000 12/28/2000 12/28/2000 41.60
12/30/1999 Short Term Gain 0.44224 12/30/1999 12/31/1999 12/30/1999 55.48

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: 119
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 Portfolio assets)

Description Expense
Management fees 0.900%
Distribution and service (12b-1) fees none
Other expenses 0.270%
Total annual Portfolio operating expenses 1.170%

Less fee waiver and/or expense reimbursement 0.130%
Net expenses 1.040%

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

Portfolio Expense Ratios

Description Expense
Expense Ratio
(if no waiver/reimbursement
in effect)
n/a
Net Expense Ratio
(if waiver/reimbursement
in effect)
1.04%
Gross Expense Ratio
(if waiver/reimbursement
in effect)
1.17%

Investment Minimums

Description Minimum
Minimum Initial Investment n/a
Minimum Initial Investment for IRA n/a
Minimum Subsequent Investment n/a

Important Disclosure

Calvert has agreed contractually to limit direct net annual operating expenses for Calvert VP Small Cap Growth Portfolio through April 30, 2014. Direct net operating expenses for the Portfolio will not exceed 1.04%. Only the Board of Directors of the Portfolio may terminate the Portfolio's expense limitation before the contractual period expires. Under the terms of the contractual expense limitation, operating expenses do not include interest expenses, brokerage commissions, extraordinary expenses and taxes.

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.