Overview

Historical Returns (%)as of Jun 30, 2017

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
Fund at NAV 0.48 3.36 7.82 13.76 5.29 8.97 4.55
Russell 3000® Index1 0.90 3.02 8.93 18.51 9.09 14.58 7.25
Moderate Allocation Composite Benchmark2 0.41 3.00 7.51 12.17 5.47 9.07 5.42
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. The share class has no sales charge.

Fund Factsas of Jun 30, 2017

Class Y Inception 05/20/2016
Performance Inception 04/29/2005
Investment Objective Long-term capital appreciation and growth of income
Total Net Assets $259.1M
Minimum Investment $2000
Expense Ratio (Gross)3 4.83%
Expense Ratio (Net)3,4 0.75%
CUSIP 131618555

Top 10 Holdings (%)5,6as of Jun 30, 2017

Calvert Bond Portfolio
Calvert US Large Cap Core Responsible Index Fund
Calvert Unconstrained Bond Fund
Calvert International Equity Fund
Calvert US Large Cap Growth Responsible Index Fund
Calvert US Large Cap Value Responsible Index Fund
Calvert Ultra Short Income Fund
Calvert International Opportunities Fund
Calvert Developed Markets Ex-US Responsible Index Fund
Calvert Emerging Markets Equity Fund
Total 94.40

Morningstar Rating™as of Jun 30, 2017

Time Period Rating Funds in
Allocation--50% to 70% Equity
Category
Overall **** 727
3 Years **** 727
5 Years **** 653
10 Years *** 429
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load.

©2017 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Portfolio Management

Vishal Khanduja, CFA Managed Fund since 2015
Dan R. Strelow, CFA Managed Fund since 2016
Justin H. Bourgette, CFA Managed Fund since 2016

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

Investment in mutual funds involves risk, including the possible loss of principal invested. The Fund is subject to asset allocation risk, which is the chance that selection of, and allocation of assets to, the underlying funds will cause the Fund to underperform. The Conservative, Moderate and Aggressive Allocation Funds differ by the percentage invested in equity funds versus fixed-income funds and cash equivalents. Each Fund shares the principal risks of each underlying fund in which it invests and pays a proportionate share of the operating expenses of those funds as well as the direct expenses of investing in the Fund. The greater the degree of equity investments in the underlying funds, the higher the potential volatility and risk of the Allocation Fund. Thus the Aggressive Allocation Fund may experience more price fluctuations and involve greater risk than the Moderate Allocation Fund, which in turn may experience more price fluctuations and involve more risk than the Conservative Allocation Fund. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company's ESG performance. Asset allocation does not ensure a profit and may not protect against a loss.


Performance

Historical Returns (%)as of Jun 30, 2017

1 Month 3 Months YTD 1 Year 3 Years 5 Years 10 Years
Fund at NAV 0.48 3.36 7.82 13.76 5.29 8.97 4.55
Russell 3000® Index1 0.90 3.02 8.93 18.51 9.09 14.58 7.25
Moderate Allocation Composite Benchmark2 0.41 3.00 7.51 12.17 5.47 9.07 5.42
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. The share class has no sales charge.

Calendar Year Returns (%)

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Fund at NAV 5.50 -29.05 21.92 10.22 -0.28 13.04 18.37 6.01 -0.35 6.93
Russell 3000® Index1 5.14 -37.31 28.34 16.93 1.03 16.42 33.55 12.56 0.48 12.74

Fund Facts

Expense Ratio (Gross)3 4.83%
Expense Ratio (Net)3,4 0.75%
Class Y Inception 05/20/2016
Performance Inception 04/29/2005
Distribution Frequency Quarterly
Large Growth
Morningstar Equity Style Box
Low Quality / Limited Duration
Morningstar Fixed Income Style Box
The Morningstar Style Box™ reveals a fund’s investment strategy. For equity funds the vertical axis shows the market capitalization of the long stocks owned and the horizontal axis shows investment style (value, blend, or growth). For fixed-income funds, the vertical axis shows the credit quality of the long bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration.

©2017 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Morningstar Rating™as of Jun 30, 2017

Time Period Rating Funds in
Allocation--50% to 70% Equity
Category
Overall **** 727
3 Years **** 727
5 Years **** 653
10 Years *** 429
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load.

©2017 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

NAV History

Date NAV NAV Change
Jul 26, 2017 $19.05 $0.02
Jul 25, 2017 $19.03 $0.00
Jul 24, 2017 $19.03 -$0.02
Jul 21, 2017 $19.05 $0.00
Jul 20, 2017 $19.05 $0.01
Jul 19, 2017 $19.04 $0.07
Jul 18, 2017 $18.97 $0.02
Jul 17, 2017 $18.95 $0.01
Jul 14, 2017 $18.94 $0.07
Jul 13, 2017 $18.87 $0.04

Distribution History7

Ex-Date Distribution Reinvest NAV
Dec 28, 2016 $0.37276 $17.40
Sep 29, 2016 $0.03261 $17.76
Jun 29, 2016 $0.04074 $17.08
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
Fund prospectus

Capital Gain History7

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 07, 2016 $0.39469 $17.82
No records in this table indicates that there has not been a capital gain greater than .0001 within the past 3 years.
Fund prospectus

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

Investment in mutual funds involves risk, including the possible loss of principal invested. The Fund is subject to asset allocation risk, which is the chance that selection of, and allocation of assets to, the underlying funds will cause the Fund to underperform. The Conservative, Moderate and Aggressive Allocation Funds differ by the percentage invested in equity funds versus fixed-income funds and cash equivalents. Each Fund shares the principal risks of each underlying fund in which it invests and pays a proportionate share of the operating expenses of those funds as well as the direct expenses of investing in the Fund. The greater the degree of equity investments in the underlying funds, the higher the potential volatility and risk of the Allocation Fund. Thus the Aggressive Allocation Fund may experience more price fluctuations and involve greater risk than the Moderate Allocation Fund, which in turn may experience more price fluctuations and involve more risk than the Conservative Allocation Fund. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company's ESG performance. Asset allocation does not ensure a profit and may not protect against a loss.


Portfolio

Asset Mix (%)6as of Jun 30, 2017

Equity 62.15
Fixed Income 37.77
Cash 0.08
Total 100.00

Fund Holdings (%)6,8as of May 31, 2017

Holding % of Net Assets
Calvert Bond Portfolio 17.98%
Calvert US Large Cap Core Responsible Index Fund 16.52%
Calvert Unconstrained Bond Fund 11.45%
Calvert International Equity Fund 8.71%
Calvert US Large Cap Growth Responsible Index Fund 8.57%
Calvert US Large Cap Value Responsible Index Fund 8.46%
Calvert Ultra Short Income Fund 8.37%
Calvert International Opportunities Fund 5.25%
Calvert Developed Markets Ex-US Responsible Index Fund 4.98%
Calvert Emerging Markets Equity Fund 4.01%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

Investment in mutual funds involves risk, including the possible loss of principal invested. The Fund is subject to asset allocation risk, which is the chance that selection of, and allocation of assets to, the underlying funds will cause the Fund to underperform. The Conservative, Moderate and Aggressive Allocation Funds differ by the percentage invested in equity funds versus fixed-income funds and cash equivalents. Each Fund shares the principal risks of each underlying fund in which it invests and pays a proportionate share of the operating expenses of those funds as well as the direct expenses of investing in the Fund. The greater the degree of equity investments in the underlying funds, the higher the potential volatility and risk of the Allocation Fund. Thus the Aggressive Allocation Fund may experience more price fluctuations and involve greater risk than the Moderate Allocation Fund, which in turn may experience more price fluctuations and involve more risk than the Conservative Allocation Fund. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company's ESG performance. Asset allocation does not ensure a profit and may not protect against a loss.


Insights & Analysis

Commentary

Commentary available in Fund Literature tab.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

Investment in mutual funds involves risk, including the possible loss of principal invested. The Fund is subject to asset allocation risk, which is the chance that selection of, and allocation of assets to, the underlying funds will cause the Fund to underperform. The Conservative, Moderate and Aggressive Allocation Funds differ by the percentage invested in equity funds versus fixed-income funds and cash equivalents. Each Fund shares the principal risks of each underlying fund in which it invests and pays a proportionate share of the operating expenses of those funds as well as the direct expenses of investing in the Fund. The greater the degree of equity investments in the underlying funds, the higher the potential volatility and risk of the Allocation Fund. Thus the Aggressive Allocation Fund may experience more price fluctuations and involve greater risk than the Moderate Allocation Fund, which in turn may experience more price fluctuations and involve more risk than the Conservative Allocation Fund. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company's ESG performance. Asset allocation does not ensure a profit and may not protect against a loss.

Attribution

No attribution information is currently available.

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

About Risk: 

Investment in mutual funds involves risk, including the possible loss of principal invested. The Fund is subject to asset allocation risk, which is the chance that selection of, and allocation of assets to, the underlying funds will cause the Fund to underperform. The Conservative, Moderate and Aggressive Allocation Funds differ by the percentage invested in equity funds versus fixed-income funds and cash equivalents. Each Fund shares the principal risks of each underlying fund in which it invests and pays a proportionate share of the operating expenses of those funds as well as the direct expenses of investing in the Fund. The greater the degree of equity investments in the underlying funds, the higher the potential volatility and risk of the Allocation Fund. Thus the Aggressive Allocation Fund may experience more price fluctuations and involve greater risk than the Moderate Allocation Fund, which in turn may experience more price fluctuations and involve more risk than the Conservative Allocation Fund. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. In evaluating a company, the Advisor is dependent upon information and data that may be incomplete, inaccurate or unavailable, which could cause the Advisor to incorrectly assess a company's ESG performance. Asset allocation does not ensure a profit and may not protect against a loss.


Management

Biography
Vishal Khanduja, CFA

Vishal Khanduja, CFA

Vice President, Calvert Research and Management
Joined Calvert Research and Management 2013

Vishal Khanduja is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. He joined Calvert Research and Management in 2016.

Vishal began his career in the investment management industry in 2005. He has been affiliated with the Eaton Vance organization since 2016. Before joining the Eaton Vance organization, he was a senior vice president, portfolio manager and head of taxable fixed income for Calvert Investments. Previously, he was a vice president and portfolio manager at Columbia Management and associate director of fixed-income analytics at Galliard Capital.

Vishal earned a bachelor of engineering from Veermata Jijabai Technological Institute in Mumbai, India and an MBA from the Tippie School of Management at the University of Iowa. He is a member of the CFA Institute, the CFA Society of Washington, D.C. and the Global Association of Risk Professionals. He is a CFA charterholder.

Education
  • B.Eng., Veermata Jijabai Technological Institute, Mumbai
  • M.B.A., Tippie School of Management, University of Iowa

Experience
  • Managed Fund since 2015

 
Biography
Dan R. Strelow, CFA

Dan R. Strelow, CFA

Vice President, Calvert Research and Management
Joined Calvert Research and Management 2016

Dan Strelow is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. He joined Calvert Research and Management in 2016.

Dan began his career in the investment management industry in 1981. He has been affiliated with the Eaton Vance organization since 2005. Before joining the Eaton Vance organization, he was a managing director, CIO of fixed income and fixed-income portfolio manager with State Street Research and Management. He was previously affiliated with First Chicago Investment Advisors.

Dan earned a B.A. in economics, magna cum laude, from Pacific Lutheran University and an MBA in finance from the University of Chicago Booth School of Business. He has published various white papers including "Pension Management In A World of Balance" (October 2005), "Solving the Pension Management Riddle" (December 2006), "The Slow March to LDI" (July 2007) and "LDI: More Than Duration-Matching" (Institutional Investor magazine 2008). He is a CFA charterholder.

Education
  • B.A. Pacific Lutheran University
  • M.B.A Booth School of Business, University of Chicago

Experience
  • Managed Fund since 2016

 
Biography
Justin H. Bourgette, CFA

Justin H. Bourgette, CFA

Vice President, Calvert Research and Management
Joined Calvert Research and Management 2016

Justin Bourgette is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. He joined Calvert Research and Management in 2016.

Justin began his career in the investment management industry in 2006. Before joining Eaton Vance, he was affiliated with Investors Financial Services as an analyst in corporate finance and with National Grid, where he worked in business planning and engineering.

Justin earned a B.S. from Worcester Polytechnic Institute and an M.S., with high honors, from Boston University. He is a CFA charterholder and a member of Eaton Vance's Asset Allocation Committee.

Education
  • B.S. Worcester Polytechnic Institute
  • M.S. Investment Management, Boston University

Experience
  • Managed Fund since 2016

 

Literature

Literature

Fact Sheet

Download - Last updated: Jun 30, 2017

Commentary

Download - Last updated: Jun 30, 2017

Annual Report

Download - Last updated: Sep 30, 2016

Full Prospectus

Download - Last updated: Apr 10, 2017

Holdings-1st or 3rd fiscal quarters-www.sec.gov

Download

SAI

Download - Last updated: Feb 1, 2017

Semi-Annual Report

Download - Last updated: Mar 31, 2017

Summary Prospectus

Download - Last updated: Apr 10, 2017

XBRL

Download - Last updated: Feb 1, 2017