Calvert Special Reports

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Asset Allocation Calvert Aggressive Allocation Fund (CAAAX) Calvert Conservative Allocation Fund (CCLAX) Calvert Moderate Allocation Fund (CMAAX) Calvert Social Investment Fund Balanced Portfolio (CSIFX)Equity Calvert Capital Accumulation Fund (CCAFX) Calvert Global Alternative Energy Fund (CGAEX) Calvert Global Water Fund (CFWAX) Calvert International Opportunities Fund (CIOAX) Calvert Large Cap Growth Fund (CLGAX) Calvert Mid Cap Value Fund (CMVAX) Calvert New Vision Small Cap Fund (CNVAX) Calvert Small Cap Value Fund (CCVAX) Calvert Social Index Fund (CSXAX) Calvert Social Investment Fund Enhanced Equity Portfolio (CMIFX) Calvert Social Investment Fund Equity Portfolio (CSIEX) Calvert World Values International Equity Fund (CWVGX)Bond Calvert Income Fund (CFICX) Calvert Long-Term Income Fund (CLDAX) Calvert National Municipal Intermediate Fund (CINMX) Calvert Short Duration Income Fund (CSDAX) Calvert Social Investment Fund Bond Portfolio (CSIBX) Calvert Tax-Free Reserves Limited-Term Portfolio (CTFLX) Calvert Tax-Free Reserves Long-Term Portfolio (CTTLX) Calvert Tax-Free Reserves Vermont Municipal Portfolio (CGVTX) Calvert Ultra-Short Income Fund (CULAX)Money Market Calvert First Government Money Market Fund (FVRXX) Calvert Social Investment Fund Money Market Portfolio (CSIXX) Calvert Tax-Free Reserves Money Market Fund (CTMXX)Insured Bank Product Calvert Insured Plus Account


Capital Gain Distribution Estimates Preliminary guidance on distributions by Calvert Funds is available now to inform your investment planning

October’s Stock Market Decline Reflects a Recessionary Global Economy and Constrained Credit Too soon to call a market bottom, but valuations in some sectors appeal to long-term investors

Calvert’s 2006-2007 Sustainability Report Calvert releases its newest sustainability report, disclosing both internal practices and investor influence

Equity Perspectives: Market Volatility, Part of the Investment Landscape Lower-than-expected global growth further erodes investor confidence

Calvert to Participate in Treasury’s Temporary Guarantee Program for Money Market Funds Calvert remains confident in the strength and stability of our money market funds, but has nonetheless decided to participate in the Program

Calvert Launches Global Water Fund, Issues Report on Opportunities in $1 Trillion Annual Worldwide Investment in Water Technology and Services Water Seen as Key Emerging Issue for Sustainable Investors; Newest Calvert “Solution” Fund Added in Wake of Calvert Global Alternative Energy Fund in 2007


Fixed Income
Some Calvert Taxable Bond Portfolios Affected by Markdowns of Bonds

(PDF)

Calvert Capital Accumulation Fund Quarterly Commentary (PDF)

Calvert World Values International Equity Fund Quarterly Commentary (PDF)

CSIF Equity Portfolio Quarterly Commentary (PDF)

Calvert Global Alternative Energy Fund Quarterly Commentary (PDF)

Calvert Short Duration Income Fund Quarterly Commentary (PDF)

CSIF Bond Portfolio Quarterly Commentary (PDF)

Calvert Tax Free Reserves Limited Term Portfolio Quarterly Commentary (PDF)

Calvert Income Fund Quarterly Commentary (PDF)

(PDF)

Calvert Initiatives
Investors Managing $2.3 Trillion Call on Congress to Tackle Global Climate Change

For more information on any Calvert fund, please contact your financial advisor or call Calvert at 800.368.2748 for a free prospectus. An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing. The prospectus contains this and other information. Read it carefully before you invest or send money.

Calvert mutual funds are underwritten and distributed by Calvert Distributors Inc., member FINRA, a subsidiary of Calvert Group, Ltd. 1-800-368-2748

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