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2 2047-10-20 Fixed 4.33000000 N N N N N N BANK OF NOVA SCOTIA L3I9ZG2KFGXZ61BMYR72 Bank of Nova Scotia/The 064159QD1 6600000.00000000 PA USD 6874953.56000000 1.328612329397 Long DBT CORP CA N 2 2023-01-18 Fixed 2.38000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 US 2YR NOTE (CBT) SEP20 XCBT 20200930 000000000 47.00000000 NC USD 2960.65000000 0.000572157478 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long 2 Year US Treasury Note TUU0 Comdty 2020-09-30 10375961.27000000 USD 2960.65000000 N N N Mosaic Solar Loans LLC N/A Mosaic Solar Loans 2017-2 LLC 61946GAA1 80158.77000000 PA USD 82749.73000000 0.015991716972 Long ABS-O CORP US N 2 2043-06-22 Fixed 3.82000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 US ULTRA BOND CBT SEP20 XCBT 20200921 000000000 -15.00000000 NC USD -147216.30000000 -0.02845013999 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short US Treasury Ultra Long Bond WNU0 Comdty 2020-09-21 -3125127.45000000 USD -147216.30000000 N N N WELLTOWER INC T6IZ0MBEG5ACZDTR7D06 Welltower Inc 95040QAK0 4000000.00000000 PA USD 4159883.24000000 0.803914108405 Long DBT US N 2 2027-02-15 Fixed 2.70000000 N N N N N N European Investment Bank 5493006YXS1U5GIHE750 European Investment Bank 298785GQ3 1000000.00000000 PA USD 1090584.15000000 0.210759757908 Long DBT NUSS XX N 2 2024-10-15 Fixed 2.50000000 N N N N N N Asian Development Bank 549300X0MVH42CY8Q105 Asian Development Bank 045167CY7 750000.00000000 PA USD 809312.18000000 0.156402822403 Long DBT NUSS XX N 2 2025-03-19 Fixed 2.13000000 N N N N N N Fanniemae-Aces N/A Fannie Mae-Aces 3136AY2C6 4150000.00000000 PA USD 4650543.95000000 0.898736257117 Long ABS-MBS USGSE US N 2 2027-09-25 Variable 3.03000000 N N N N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD EUR 000000000 1.00000000 NC -36994.22000000 -0.00714928128 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 1482627.22000000 EUR 1630917.22000000 USD 2020-08-31 -36994.22000000 N N N MIDAMERICAN ENERGY CO NINLOILYRTLIMK26MZ18 MidAmerican Energy Co 595620AV7 850000.00000000 PA USD 938564.02000000 0.181381258508 Long DBT CORP US N 2 2050-04-15 Fixed 3.15000000 N N N N N N INTL FINANCE CORP QKL54NQY28TCDAI75F60 International Finance Corp 45950VHX7 1500000.00000000 PA USD 1637255.61000000 0.316406208541 Long DBT NUSS XX N 2 2026-04-07 Fixed 2.13000000 N N N N N N Fanniemae-Aces N/A Fannie Mae-Aces 3136B3XY1 5005000.00000000 PA USD 5891977.09000000 1.138648186926 Long ABS-MBS USGSE US N 2 2028-09-25 Variable 3.67000000 N N N N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 000000000 14064000.00000000 PA 15892431.59000000 3.071276099583 Long DBT CORP US Y 2 2022-01-29 Fixed 0.50000000 N N N N N N Sunnova Sol Issuer,LLC N/A Sunnova Sol Issuer LLC 86745NAA6 2997186.58000000 PA USD 2940928.19000000 0.568346159578 Long ABS-O CORP US N 2 2055-02-01 Fixed 3.35000000 N N N N N N PUBLIC SERVICE COLORADO 5BANEF6PGSEK0SNMQF44 Public Service Co of Colorado 744448CP4 1978000.00000000 PA USD 2299719.68000000 0.444430045139 Long DBT CORP US N 2 2028-06-15 Fixed 3.70000000 N N N N N N MidAmerican Energy Co NINLOILYRTLIMK26MZ18 MidAmerican Energy Co 595620AS4 3570000.00000000 PA USD 4242177.63000000 0.819817829098 Long DBT CORP US N 2 2048-08-01 Fixed 3.65000000 N N N N N N Solarcity LMC Series LLC 549300EE9TJJ2SFMZ938 SolarCity LMC Series III LLC 83417FAA7 3091487.36000000 PA USD 3069406.41000000 0.593175090517 Long ABS-O CORP US N 2 2044-07-20 Fixed 4.02000000 N N N N N N BROOKFIELD PROPERTY PART 5493004J5Z0TZW83NU62 Brookfield Property Partners LP 000000000 92000.00000000 NS USD 1523520.00000000 0.294426346071 Long EP CORP BM N 1 N N N Helios Issuer, LLC N/A Helios Issuer LLC 42329GAC4 5869830.67000000 PA USD 5049006.46000000 0.975740734161 Long ABS-O CORP US N 2 2049-09-20 Fixed 8.00000000 N N N N N N Narragansett Bay Commission N/A NARRAGANSETT BAY RI COMMISSION WSTWTR SYS REVENUE 631060CT5 445000.00000000 PA USD 454447.35000000 0.087823771753 Long DBT MUN US N 2 2032-09-01 Fixed 2.26000000 N N N N N N NEDER WATERSCHAPSBANK JLP5FSPH9WPSHY3NIM24 Nederlandse Waterschapsbank NV 63983TBP9 500000.00000000 PA USD 532420.41000000 0.102892378104 Long DBT CORP NL N 2 2022-12-05 Fixed 3.13000000 N N N N N N INTL BK RECON & DEVELOP ZTMSNXROF84AHWJNKQ93 International Bank for Reconstruction & Development 000000000 3550000.00000000 PA 4245795.02000000 0.820516904213 Long DBT NUSS XX N 2 2027-11-22 Fixed 0.63000000 N N N N N N Tesla Auto Lease Trust N/A Tesla Auto Lease Trust 2019-A 88165GAH3 1545000.00000000 PA USD 1582285.18000000 0.305782952629 Long ABS-O CORP US N 2 2023-05-22 Fixed 5.48000000 N N N N N N Municipality Finance PLC 529900HEKOENJHPNN480 Kuntarahoitus Oyj 62630CAH4 3500000.00000000 PA USD 3545339.98000000 0.685151160400 Long DBT NUSS FI N 2 2021-09-21 Fixed 1.38000000 N N N N N N INT DEVELOPMENT FIN CORP N/A United States International Development Finance Corp 90376PAD3 4430000.00000000 PA USD 4617402.56000000 0.892331550673 Long DBT USGA US N 2 2029-10-15 Fixed 1.79000000 N N N N N N INT DEVELOPMENT FIN CORP N/A United States International Development Finance Corp 690353C70 172925.20000000 PA USD 195765.12000000 0.037832394041 Long DBT USGA US N 2 2033-06-01 Fixed 3.16000000 N N N N N N CON EDISON CO OF NY INC VZFZPMWDHTQCFKYOBP05 Consolidated Edison Co of New York Inc 209111FX6 1333000.00000000 PA USD 1520068.38000000 0.293759306673 Long DBT CORP US N 2 2030-04-01 Fixed 3.35000000 N N N N N N NATIONAL AUSTRALIA BK/NY 549300E2IPL06NDXMZ63 National Australia Bank Ltd/New York 63254ABA5 1867000.00000000 PA USD 2030574.12000000 0.392416586969 Long DBT CORP AU N 2 2023-06-20 Fixed 3.63000000 N N N N N N INT DEVELOPMENT FIN CORP N/A United States International Development Finance Corp 6903536P7 2870000.00000000 PA USD 3067563.42000000 0.592818925313 Long DBT USGA US N 2 2029-10-15 Fixed 2.36000000 N N N N N N INT DEVELOPMENT FIN CORP N/A United States International Development Finance Corp 690353G50 710796.18000000 PA USD 789082.85000000 0.152493423304 Long DBT USGA US N 2 2029-09-15 Fixed 3.22000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 Fannie Mae Pool 3138LECR0 1862050.73000000 PA USD 2037574.61000000 0.393769459718 Long ABS-MBS USGSE US N 2 2026-06-01 Fixed 2.65000000 N N N N N N Massachusetts Clean Water Trust/The 549300SYPEROLSQU0261 MASSACHUSETTS ST WTR POLL ABATEMENT TRUST 57604P5P5 150000.00000000 PA USD 181381.50000000 0.035052701828 Long DBT MUN US N 2 2040-08-01 Fixed 5.19000000 N N N N N N ING GROEP NV 549300NYKK9MWM7GGW15 ING Groep NV 456837AU7 7600000.00000000 PA USD 7626905.82000000 1.473930117369 Long DBT CORP NL N 2 2026-07-01 Fixed 1.40000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 US 10YR ULTRA FUT SEP20 XCBT 20200921 000000000 -156.00000000 NC USD -148971.42000000 -0.02878932397 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short US 10 Year Ultra Bond UXYU0 Comdty 2020-09-21 -24418591.08000000 USD -148971.42000000 N N N Fanniemae-Aces N/A Fannie Mae-Aces 3136B9WE3 4250000.00000000 PA USD 4388493.90000000 0.848094034692 Long ABS-MBS USGSE US N 2 2029-10-25 Fixed 1.44000000 N N N N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD CAD 000000000 1.00000000 NC -149037.63000000 -0.02880211932 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 14038675.00000000 CAD 10193105.70000000 USD 2020-08-31 -149037.63000000 N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 Bank of America Corp 06051GHH5 7282000.00000000 PA USD 7455970.84000000 1.440896247399 Long DBT CORP US N 2 2022-05-17 Fixed 3.50000000 N N N N N N CALVERT IMPACT CAPITAL NOTE 12/21 VAR N/A CALVERT IMPACT CAPITAL NOTE 12/21 VAR 000000000 1196055.00000000 PA USD 1178437.11000000 0.227737694531 Long DBT CORP US N 2 2020-12-15 Variable 1.50000000 N N N N N N INT DEVELOPMENT FIN CORP N/A United States International Development Finance Corp 6903534C8 3324125.03000000 PA USD 3786669.28000000 0.731789014842 Long DBT USGA US N 2 2032-09-20 Fixed 3.52000000 N N N N N N CALVERT CASH RESERVES FUND CALVERT CASH RESERVES FUND N/A CALVERT CASH RESERVES FUND CALVERT CASH RESERVES FUND 000000000 11662494.20000000 NS USD 11662494.20000000 2.253823745922 Long EC RF US N 2 N N N New York City Water & Sewer System N/A NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE 64972FY34 605000.00000000 PA USD 952445.45000000 0.184063900491 Long DBT MUN US N 2 2044-06-15 Fixed 5.88000000 N N N N N N LG Chem Ltd 988400IES4EIG7O06940 LG Chem Ltd 501955AB4 3125000.00000000 PA USD 3402038.72000000 0.657457617572 Long DBT CORP KR N 2 2029-04-15 Fixed 3.63000000 N N N N N N ENEL FINANCE INTL NV 0YQH6LCEF474UTUV4B96 Enel Finance International NV 000000000 4250000.00000000 PA 4934608.60000000 0.953632889224 Long DBT CORP NL Y 2 2024-09-16 Fixed 1.00000000 N N N N N N Fanniemae-Aces N/A Fannie Mae-Aces 3136B2GX4 923077.00000000 PA USD 1058170.24000000 0.204495639889 Long ABS-MBS USGSE US N 2 2028-06-25 Variable 3.44000000 N N N N N N KONINKLIJKE PHILIPS NV H1FJE8H61JGM1JSGM897 Koninklijke Philips NV 000000000 9350000.00000000 PA 10619803.55000000 2.052319598840 Long DBT CORP NL Y 2 2026-05-22 Fixed 0.50000000 N N N N N N PRUDENTIAL FINANCIAL INC 5PRBRS5FEH7NREC8OR45 Prudential Financial Inc 74432QCH6 2000000.00000000 PA USD 2044941.82000000 0.395193202578 Long DBT CORP US N 2 2026-03-10 Fixed 1.50000000 N N N N N N Tesla Auto Lease Trust N/A Tesla Auto Lease Trust 2018-B 88161NAC3 1875000.00000000 PA USD 1912675.88000000 0.369632279568 Long ABS-O CORP US N 2 2021-10-20 Fixed 4.36000000 N N N N N N Mosaic Solar Loans LLC N/A Mosaic Solar Loan Trust 2018-1 61946FAA3 948124.48000000 PA USD 961184.89000000 0.185752832297 Long ABS-O CORP US N 2 2043-06-22 Fixed 4.01000000 N N N N N N AVANGRID INC 549300OX0Q38NLSKPB49 Avangrid Inc 05351WAC7 774000.00000000 PA USD 846741.54000000 0.163636196235 Long DBT CORP US N 2 2025-04-15 Fixed 3.20000000 N N N N N N NXP BV/NXP FDG/NXP USA N/A NXP BV / NXP Funding LLC / NXP USA Inc 62954HAD0 1411000.00000000 PA USD 1521427.43000000 0.294021948532 Long DBT CORP XX N 2 2030-05-01 Fixed 3.40000000 N N N N N N NSTAR Electric Co 54930080R72Y2Z31UR68 NSTAR Electric Co 67021CAN7 2500000.00000000 PA USD 2840374.30000000 0.548913717328 Long DBT CORP US N 2 2029-05-15 Fixed 3.25000000 N N N N N N MET LIFE GLOB FUNDING I 635400MMSOCXNNNZDZ82 Metropolitan Life Global Funding I 59217GEJ4 5200000.00000000 PA USD 5212009.40000000 1.007241705611 Long DBT CORP US N 2 2025-07-02 Fixed 0.95000000 N N N N N N MidAmerican Energy Co NINLOILYRTLIMK26MZ18 MidAmerican Energy Co 595620AU9 2390000.00000000 PA USD 3107206.66000000 0.600480140328 Long DBT CORP US N 2 2049-07-15 Fixed 4.25000000 N N N N N N Fanniemae-Aces N/A Fannie Mae-Aces 3136B1XJ8 4167000.00000000 PA USD 4723836.63000000 0.912900361275 Long ABS-MBS USGSE US N 2 2028-03-25 Variable 3.15000000 N N N N N N Helios Issuer, LLC N/A SUNNOVA HELIOS II ISSUER LLC 2018-1 86745JAB3 911457.15000000 PA USD 861282.44000000 0.166446283438 Long ABS-O CORP US N 2 2048-07-20 Fixed 7.71000000 N N N N N N LG Chem Ltd 988400IES4EIG7O06940 LG Chem Ltd 501955AA6 1550000.00000000 PA USD 1649590.41000000 0.318789958078 Long DBT CORP KR N 2 2024-10-15 Fixed 3.25000000 N N N N N N RenewFund Receivables Trust N/A RenewFund Receivables Trust 2015-1 75973JAA1 32733.11000000 PA USD 32847.97000000 0.006348001852 Long ABS-O CORP US N 2 2025-04-15 Fixed 3.51000000 N N N N N N PROLOGIS EURO FINANCE 549300MI5D1784PRQH06 Prologis Euro Finance LLC 000000000 6700000.00000000 PA 7402325.48000000 1.430529066575 Long DBT US N 2 2028-02-06 Fixed 0.38000000 N N N N N N State Street Global Advisors 5493008BJIBKQ5KTIF74 State Street Navigator Securities Lending Government Money Market Portfolio 857492706 83250.00000000 NS USD 83250.00000000 0.016088396155 Long STIV RF US N 1 N N 2020-07-26 CALVERT IMPACT FUND INC James Kirchner James Kirchner Treasurer XXXX NPORT-EX 2 NPORT_14221811692993675.htm
Calvert
Green Bond Fund
June 30, 2020
Schedule of Investments (Unaudited)

Asset-Backed Securities — 10.1%
    
Security Principal
Amount
(000's omitted)
Value
Helios Issuer, LLC:      
Series 2017-1A, Class C, 8.00%, 9/20/49(1) $      5,870 $  5,049,006
Series 2020-AA, Class A, 2.98%, 6/20/47(1)   2,085   2,104,065
Mosaic Solar Loan Trust:      
Series 2018-1A, Class A, 4.01%, 6/22/43(1)          948     961,185
Series 2019-1A, Class A, 4.37%, 12/21/43(1)   1,240   1,300,943
Series 2019-2A, Class B, 3.28%, 9/20/40(1)   4,800   4,361,333
Series 2019-2A, Class C, 4.35%, 9/20/40(1)   1,665   1,260,608
Series 2020-1A, Class A, 2.10%, 4/20/46(1)   2,275   2,293,960
Series 2020-1A, Class B, 3.10%, 4/20/46(1)   2,615 2,640,258
Mosaic Solar Loans LLC:      
Series 2017-1A, Class A, 4.45%, 6/20/42(1)   631 645,528
Series 2017-2A, Class A, 3.82%, 6/22/43(1)   80 82,750
RenewFund Receivables Trust, Series 2015-1, Class A, 3.51%, 4/15/25(1)   33 32,848
SolarCity LMC Series I, LLC, Series 2013-1, Class A, 4.80%, 11/20/38(1)   175 167,840
SolarCity LMC Series II, LLC, Series 2014-1, Class A, 4.59%, 4/20/44(1)   3,811 3,725,434
SolarCity LMC Series III, LLC:      
Series 2014-2, Class A, 4.02%, 7/20/44(1)   3,091 3,069,406
Series 2014-2, Class B, 5.44%, 7/20/44(1)   171 166,105
Spruce ABS Trust, Series 2016-E1, Class A, 4.32%, 6/15/28(1)   265 271,771
Sunnova Helios II Issuer, LLC., Series 2018-1A, Class B, 7.71%, 7/20/48(1)   912 861,282
Sunnova Sol Issuer, LLC, Series 2020-1A, Class A, 3.35%, 2/1/55(1)   2,997 2,940,928
Sunrun Atlas Issuer, LLC, Series 2019-2, Class A, 3.61%, 2/1/55(1)   1,809 1,794,856
Sunrun Callisto Issuer, LLC, Series 2015-1A, Class B, 5.38%, 7/20/45(1)   814 687,905
Sunrun Xanadu Issuer, LLC, Series 2019-1A, Class A, 3.98%, 6/30/54(1)   2,313 2,272,087
TES, LLC, Series 2017-1A, Class A, 4.33%, 10/20/47(1)   2,515 2,490,160
Tesla Auto Lease Trust:      
Series 2018-B, Class A, 3.71%, 8/20/21(1)   1,361 1,380,624
Series 2018-B, Class C, 4.36%, 10/20/21(1)   1,875 1,912,676
Series 2019-A, Class A2, 2.13%, 4/20/22(1)   2,084 2,107,873
Series 2019-A, Class A4, 2.20%, 11/21/22(1)   1,535 1,570,002
Series 2019-A, Class B, 2.41%, 12/20/22(1)   3,270 3,318,265
Series 2019-A, Class E, 5.48%, 5/22/23(1)   1,545 1,582,285
Vivint Solar Financing V LLC, Series 2018-1A, Class A, 4.73%, 4/30/48(1)   1,452 1,366,153
Total Asset-Backed Securities
(identified cost $53,947,040)
    $52,418,136
    
Collateralized Mortgage-Backed Obligations — 10.1%
    
Security Principal
Amount
(000's omitted)
Value
Federal Home Loan Mortgage Corp. Multifamily Structured Pass Through Certificates, Series KG02, Class A2, 2.412%, 8/25/29 $      4,050 $  4,463,262
Federal National Mortgage Association:      
Series 2017-M2, Class A1, 2.801%, 2/25/27(2)          337     347,223
Series 2017-M13, Class A2, 2.939%, 9/25/27(2)   4,150   4,650,544
Series 2018-M4, Class A2, 3.045%, 3/25/28(2)   4,167   4,723,837
Series 2018-M8, Class A2, 3.325%, 6/25/28(2)   923   1,058,170
Series 2018-M13, Class A2, 3.697%, 9/25/30(2)   2,420   2,914,733
Series 2019-M1, Class A2, 3.555%, 9/25/28(2)   5,005   5,891,977
Series 2019-M9, Class A2, 2.937%, 4/25/29(2)   1,920   2,128,918
Series 2019-M22, Class A2, 2.522%, 8/25/29   12,300 13,494,795
Series 2020-M1, Class A2, 2.444%, 10/25/29   7,842 8,502,969
Series 2020-M20, Class A2, 1.435%, 10/25/29   4,250 4,388,494
Total Collateralized Mortgage-Backed Obligations
(identified cost $48,051,235)
    $52,564,922
    
Corporate Bonds — 58.9%
    
Security Principal
Amount
(000's omitted)*
Value
Basic Materials — 1.0%  
LG Chem, Ltd.:      
3.25%, 10/15/24(1)        1,550 $  1,649,590
3.625%, 4/15/29(1)   3,125   3,402,039
      $  5,051,629
Communications — 0.9%  
Verizon Communications, Inc., 3.875%, 2/8/29        3,980 $  4,716,916
      $  4,716,916
Consumer, Cyclical — 0.3%  
Toyota Motor Credit Corp., 2.15%, 2/13/30   1,500 $1,579,347
      $1,579,347
Consumer, Non-cyclical — 3.5%  
Conservation Fund (The), Green Bonds, 3.474%, 12/15/29   2,345 $2,519,204
Kaiser Foundation Hospitals, 3.15%, 5/1/27   1,208 1,343,517
Koninklijke Philips NV, 0.50%, 5/22/26(3) EUR 9,350 10,616,964
PepsiCo, Inc., 2.875%, 10/15/49   3,200 3,470,000
      $17,949,685
Energy — 3.1%  
Hanwha Energy USA Holdings Corp., 2.375%, 7/30/22(1)   2,500 $2,565,230
 
1

 

Calvert
Green Bond Fund
June 30, 2020
Schedule of Investments (Unaudited) — continued

Security Principal
Amount
(000's omitted)*
Value
Energy (continued)  
Pattern Energy Group, Inc., 5.875%, 2/1/24(1)        1,980 $  1,997,117
TerraForm Power Operating, LLC:      
4.75%, 1/15/30(1)       10,700  10,885,217
5.00%, 1/31/28(1)   867     908,022
      $ 16,355,586
Financial — 26.7%  
Alexandria Real Estate Equities, Inc., 4.00%, 1/15/24        2,364 $  2,615,690
Bank of America Corp.:      
2.456% to 10/22/24, 10/22/25(4)   5,888 6,198,140
3.499% to 5/17/21, 5/17/22(4)   7,282 7,455,971
Bank of Nova Scotia (The), 2.375%, 1/18/23   6,600 6,874,954
Boston Properties, L.P., 3.40%, 6/21/29   2,700 2,982,483
Citigroup, Inc.:      
0.50%, 1/29/22(3) EUR 14,064 15,888,182
1.678% to 5/15/23, 5/15/24(4)   7,075 7,217,789
Commonwealth Bank of Australia, 3.25%, 3/31/22 AUD 2,020 1,460,490
Credit Agricole Corporate & Investment Bank S.A., 2.062%, (3 mo. USD LIBOR + 0.625%), 10/3/21(5)   9,556 9,568,180
DBS Group Holdings Ltd., 1.611%, (3 mo. USD LIBOR + 0.62%), 7/25/22(1)(5)   3,640 3,640,477
Digital Dutch Finco BV, 1.50%, 3/15/30(3) EUR 1,500 1,726,369
Digital Euro Finco LLC, 2.50%, 1/16/26(3) EUR 8,700 10,584,602
HAT Holdings I, LLC/HAT Holdings II, LLC:      
5.25%, 7/15/24(1)   10,000 10,219,800
6.00%, 4/15/25(1)   76 79,753
ING Groep NV:      
1.40% to 7/1/25, 7/1/26(1)(4)(6)   7,600 7,626,906
4.625%, 1/6/26(1)   2,175 2,552,091
Metropolitan Life Global Funding I, 0.95%, 7/2/25(1)(6)   5,200 5,212,009
Mitsubishi UFJ Financial Group, Inc., 2.527%, 9/13/23   1,100 1,155,927
National Australia Bank, Ltd., 3.625%, 6/20/23   1,867 2,030,574
PNC Financial Services Group, Inc. (The), 2.20%, 11/1/24   8,000 8,490,742
Prologis Euro Finance, LLC, 0.375%, 2/6/28 EUR 6,700 7,400,346
Prudential Financial, Inc., 1.50%, 3/10/26   2,000 2,044,942
Regency Centers, L.P., 3.75%, 6/15/24   1,500 1,579,097
Royal Bank of Canada, 0.25%, 5/2/24(3) EUR 8,600 9,674,667
Welltower, Inc., 2.70%, 2/15/27   4,000 4,159,883
      $138,440,064
Government - Multinational — 5.4%  
Asian Development Bank:      
1.875%, 8/10/22   1,500 $1,550,710
2.125%, 3/19/25   750 809,312
2.375%, 8/10/27   750 838,343
3.125%, 9/26/28   800 945,572
Security Principal
Amount
(000's omitted)*
Value
Government - Multinational (continued)  
European Bank for Reconstruction & Development, 1.625%, 9/27/24        2,000 $  2,100,498
European Investment Bank:      
1.00%, 11/14/42(3) EUR      3,400   4,635,779
2.375%, 5/24/27   3,965   4,430,151
2.50%, 10/15/24   1,000   1,090,584
International Bank for Reconstruction & Development:      
0.625%, 11/22/27 EUR      3,550   4,244,660
3.125%, 11/20/25   4,150   4,722,904
International Finance Corp., 2.125%, 4/7/26   1,500 1,637,256
Nordic Investment Bank, 2.25%, 9/30/21   950 973,034
      $27,978,803
Industrial — 3.6%  
Owens Corning, 3.95%, 8/15/29   10,417 $11,365,164
Xylem, Inc.:      
1.95%, 1/30/28   5,100 5,153,345
2.25%, 1/30/31   2,142 2,158,862
      $18,677,371
Technology — 1.9%  
Apple, Inc., 0.50%, 11/15/31 EUR 7,238 $8,311,491
NXP B.V./NXP Funding, LLC NXP USA, Inc., 3.40%, 5/1/30(1)   1,411 1,521,427
      $9,832,918
Utilities — 12.5%  
Avangrid, Inc.:      
3.15%, 12/1/24   4,913 $5,310,406
3.80%, 6/1/29   7,600 8,838,214
Clearway Energy Operating, LLC, 4.75%, 3/15/28(1)   2,047 2,089,741
Consolidated Edison Co. of New York, Inc., 3.35%, 4/1/30   1,333 1,520,068
Enel Finance International NV:      
1.00%, 9/16/24(3) EUR 4,250 4,933,289
1.125%, 9/16/26(3) EUR 4,100 4,840,535
MidAmerican Energy Co.:      
3.15%, 4/15/50   850 938,564
3.65%, 8/1/48   3,570 4,242,178
4.25%, 7/15/49   2,390 3,107,207
NextEra Energy Operating Partners, L.P.:      
4.25%, 9/15/24(1)   1,825 1,829,754
4.50%, 9/15/27(1)(7)   4,782 5,012,660
Niagara Mohawk Power Corp., 1.96%, 6/27/30(1)   3,782 3,824,229
Northern States Power Co., 2.60%, 6/1/51   5,600 5,663,122
NSTAR Electric Co., 3.25%, 5/15/29   2,500 2,840,374
 
2

 

Calvert
Green Bond Fund
June 30, 2020
Schedule of Investments (Unaudited) — continued

Security Principal
Amount
(000's omitted)*
Value
Utilities (continued)  
Public Service Co. of Colorado:      
3.20%, 3/1/50        4,500 $  5,038,021
3.70%, 6/15/28   1,978   2,299,720
4.10%, 6/15/48   1,000   1,259,387
Terraform Global Operating, LLC, 6.125%, 3/1/26(1)        1,595   1,576,753
      $ 65,164,222
Total Corporate Bonds
(identified cost $291,181,124)
    $305,746,541
    
High Social Impact Investments — 0.2%
    
Security Principal
Amount
(000's omitted)
Value
Calvert Impact Capital, Inc., Community Investment Notes, 1.50%, 12/15/20(8)(9) $      1,196 $  1,178,437
Total High Social Impact Investments
(identified cost $1,196,055)
    $  1,178,437
    
Preferred Stocks — 0.9%
    
Security Shares Value
Real Estate Management & Development — 0.9%  
Brookfield Property Partners, L.P.:      
Series A, 5.75%       92,000 $  1,523,520
Series A2, 6.375%(7)   169,100   3,065,783
Total Preferred Stocks
(identified cost $6,575,394)
    $  4,589,303
    
Sovereign Government Bonds — 9.0%
    
Security Principal
Amount
(000's omitted)*
Value
Chile Government International Bond, 2.55%, 1/27/32        2,500 $  2,603,913
French Republic Government Bond OAT, 1.75%, 6/25/39(1)(3) EUR     12,090  17,298,837
Kreditanstalt fuer Wiederaufbau, 1.75%, 9/14/29        2,200   2,385,044
Municipality Finance PLC:      
0.05%, 9/6/29(3) EUR      3,750   4,288,964
1.375%, 9/21/21(1)   3,500   3,545,340
Nacional Financiera SNC, 3.375%, 11/5/20(1)          750     752,745
Nederlandse Waterschapsbank NV:      
1.00%, 5/28/30(1)        2,400   2,408,532
2.375%, 3/24/26(1)   1,700 1,863,152
Security Principal
Amount
(000's omitted)*
Value
Nederlandse Waterschapsbank NV: (continued)      
3.125%, 12/5/22(1)   500 $    532,421
Province of Ontario Canada:      
1.95%, 1/27/23 CAD      3,200   2,444,832
2.65%, 2/5/25 CAD 5,000   3,992,192
South Coast British Columbia Transportation Authority, 2.65%, 10/29/50 CAD      5,490   4,384,478
Total Sovereign Government Bonds
(identified cost $43,894,939)
    $ 46,500,450
    
Taxable Municipal Obligations — 5.5%
    
Security Principal
Amount
(000's omitted)
Value
General Obligations — 1.8%  
Massachusetts, Green Bonds, 3.277%, 6/1/46 $      8,240 $  9,558,977
      $  9,558,977
Water and Sewer — 3.7%  
District of Columbia Water & Sewer Authority, Green Bonds, 4.814%, 10/1/2114 $      1,665 $  2,400,963
Massachusetts Water Pollution Abatement Trust, 5.192%, 8/1/40(10)          150     181,382
Narragansett Bay Commission, RI, Wastewater System Revenue, Green Bonds:      
2.094%, 9/1/30   620     633,336
2.184%, 9/1/31   500     510,305
2.264%, 9/1/32   445 454,447
2.344%, 9/1/33   1,445 1,477,585
New York City Municipal Water Finance Authority, NY, (Water and Sewer System), 5.882%, 6/15/44(10)   605 952,445
New York Environmental Facilities Corp., Green Bonds, 2.25%, 7/15/20   1,070 1,070,578
San Francisco City and County Public Utilities Commission, CA, Water Revenue, Green Bonds, 3.303%, 11/1/39   10,705 11,420,522
      $19,101,563
Total Taxable Municipal Obligations
(identified cost $25,990,516)
    $28,660,540
    
U.S. Government Agencies and Instrumentalities — 2.4%
    
Security Principal
Amount
(000's omitted)
Value
U.S. International Development Finance Corp.:      
1.79%, 10/15/29 $      4,430 $  4,617,403
2.36%, 10/15/29        2,870    3,067,563
 
3

 

Calvert
Green Bond Fund
June 30, 2020
Schedule of Investments (Unaudited) — continued

Security Principal
Amount
(000's omitted)
Value
U.S. International Development Finance Corp.: (continued)      
3.16%, 6/1/33 $        173 $    195,765
3.22%, 9/15/29          711     789,083
3.52%, 9/20/32        3,324   3,786,669
Total U.S. Government Agencies and Instrumentalities
(identified cost $11,507,847)
    $ 12,456,483
    
U.S. Government Agency Mortgage-Backed Securities — 0.8%
    
Security Principal
Amount
(000's omitted)
Value
Federal National Mortgage Association:      
Pool #AN1879, 2.65%, with maturity at 6/1/26 $      1,862 $  2,037,575
Pool #AN1909, 2.68%, with maturity at 7/1/26   2,000   2,190,438
Total U.S. Government Agency Mortgage-Backed Securities
(identified cost $3,918,775)
  $  4,228,013
    
Short-Term Investments — 2.3%      
Other — 2.3%
Description Units Value
Calvert Cash Reserves Fund, LLC, 0.13%(11)   11,662,494 $ 11,662,494
Total Other
(identified cost $11,662,494)
    $ 11,662,494
Securities Lending Collateral — 0.0%(12)
Security Shares Value
State Street Navigator Securities Lending Government Money Market Portfolio, 0.13%(13)       83,250 $     83,250
Total Securities Lending Collateral
(identified cost $83,250)
    $     83,250
Total Short-Term Investments
(identified cost $11,745,744)
    $ 11,745,744
Total Investments — 100.2%
(identified cost $498,008,669)
    $520,088,569
Other Assets, Less Liabilities — (0.2)%     $   (847,419)
Net Assets — 100.0%     $519,241,150
    
The percentage shown for each investment category in the Schedule of Investments is based on net assets.  
* In U.S. dollars unless otherwise indicated.
(1) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. Total market value of Rule 144A securities amounts to $145,411,978, which represents 28.0% of the net assets of the Fund as of June 30, 2020.
(2) Weighted average fixed-rate coupon that changes/updates monthly. Rate shown is the rate at June 30, 2020.
(3) Security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At June 30, 2020, the aggregate value of these securities is $84,488,188 or 16.3% of the Fund's net assets.
(4) Security converts to variable rate after the indicated fixed-rate coupon period.
(5) Variable rate security. The stated interest rate represents the rate in effect at June 30, 2020.
(6) When-issued security.
(7) All or a portion of this security was on loan at June 30, 2020. The aggregate market value of securities on loan at June 30, 2020 was $225,958 and the total market value of the collateral received by the Fund was $233,265, comprised of cash of $83,250 and U.S. government and/or agencies securities of $150,015.
(8) Affiliated company.
(9) Restricted security. Total market value of restricted securities amounts to $1,178,437, which represents 0.2% of the net assets of the Fund as of
June 30, 2020.
(10) Build America Bond. Represents taxable municipal obligation issued pursuant to the American Recovery and Reinvestment Act of 2009 or other legislation providing for the issuance of taxable municipal debt on which the issuer receives federal support.
(11) Affiliated investment company, available to Calvert portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of
June 30, 2020.
(12) Amount is less than 0.05%.
(13) Represents investment of cash collateral received in connection with securities lending.
    
Country Allocation (% of Total Investments)  
United States 73.6%
Canada 5.3
Netherlands 5.2
France 5.2
Other (less than 3.0% each) 10.7
Total 100.0%
 
4

 

Calvert
Green Bond Fund
June 30, 2020
Schedule of Investments (Unaudited) — continued

Forward Foreign Currency Exchange Contracts
Currency Purchased Currency Sold Counterparty Settlement
Date
Unrealized
Appreciation
Unrealized
(Depreciation)
EUR 1,482,627 USD 1,632,681 State Street Bank and Trust Company 8/31/20 $35,230 $  —
USD 1,416,460 AUD 2,144,812 State Street Bank and Trust Company 8/31/20   — (64,034)
USD 10,193,106 CAD 14,038,675 State Street Bank and Trust Company 8/31/20   — (149,038)
USD 7,487,365 EUR 6,586,539 State Street Bank and Trust Company 8/31/20 77,705   —
USD 1,646,756 EUR 1,482,627 State Street Bank and Trust Company 8/31/20   — (21,156)
USD 1,630,917 EUR 1,482,627 State Street Bank and Trust Company 8/31/20   — (36,994)
USD 92,548,955 EUR 84,034,374 State Street Bank and Trust Company 8/31/20   — (1,987,211)
            $112,935 $(2,258,433)
Futures Contracts
Description Number of
Contracts
Position Expiration
Date
Notional
Amount
Value/
Unrealized
Appreciation
(Depreciation)
Interest Rate Futures          
U.S. 2-Year Treasury Note 47 Long 9/30/20 $10,378,922 $2,961
U.S. Long Treasury Bond (57) Short 9/21/20 (10,178,062) (66,904)
U.S. Ultra 10-Year Treasury Note (146) Short 9/21/20 (22,992,719) (139,422)
U.S. Ultra-Long Treasury Bond (15) Short 9/21/20 (3,272,344) (147,216)
          $(350,581)
Restricted Securities
Description Acquisition Date Cost
Calvert Impact Capital, Inc., Community Investment Notes, 1.50%, 12/15/20 12/13/19 $1,196,055
    
Abbreviations: 
LIBOR – London Interbank Offered Rate
    
Currency Abbreviations: 
AUD – Australian Dollar
CAD – Canadian Dollar
EUR – Euro
USD – United States Dollar
At June 30, 2020, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.
In the normal course of pursuing its investment objective, the Fund is subject to the following risks:
Foreign Exchange Risk: During the fiscal year to date ended June 30, 2020, the Fund entered into forward foreign currency exchange contracts to seek to hedge against the decline in the value of currencies in which its portfolio holdings are denominated against the U.S. dollar.
Interest Rate Risk: During the fiscal year to date ended June 30, 2020, the Fund used futures contracts and options thereon to hedge interest rate risk and to manage duration.
At June 30, 2020, the value of the Fund's investment in Calvert Impact Capital, Inc. (the Notes) and affiliated funds was $12,840,931, which represents 2.5% of the Fund's net assets. Transactions in the Notes and affiliated funds by the Fund for the fiscal year to date ended June 30, 2020 were as follows:
5

 

Calvert
Green Bond Fund
June 30, 2020
Schedule of Investments (Unaudited) — continued

Name of
issuer/affiliated fund
Value,
beginning
of period
Purchases Sales
proceeds
Net
realized
gain
(loss)
Change in
unrealized
appreciation
(depreciation)
Value,
end of
period
Interest/
Dividend
income
Principal
amount/Units,
end of period
High Social Impact Investments                
Calvert Impact Capital, Inc., Community Investment Notes, 1.50%, 12/15/19(1) $149,206 $  — $(150,000) $  — $794 $  — $438 $  —
Calvert Impact Capital, Inc., Community Investment Notes, 1.50%, 12/15/20(1)   — 1,196,055   —   — (17,618) 1,178,437 9,718 1,196,055
Short-Term Investments                
Calvert Cash Reserves Fund, LLC   — 32,408,892 (20,746,398)   —   — 11,662,494 1,234 11,662,494
Totals       $  — $(16,824) $12,840,931 $11,390  
    
(1) Restricted security.
U.S. generally accepted accounting principles (U.S. GAAP) establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:
Level 1 - quoted prices in active markets for identical securities
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following table summarizes the market value of the Fund's holdings as of June 30, 2020, based on the inputs used to value them:
Asset Description Level 1 Level 2 Level 3 Total
Asset-Backed Securities $$52,418,136 $         — $52,418,136
Collateralized Mortgage-Backed Obligations 52,564,922          — 52,564,922
Corporate Bonds 305,746,541          — 305,746,541
High Social Impact Investments  1,178,437          — 1,178,437
Preferred Stocks 4,589,303         —          — 4,589,303
Sovereign Government Bonds 46,500,450          — 46,500,450
Taxable Municipal Obligations 28,660,540          — 28,660,540
U.S. Government Agencies and Instrumentalities 12,456,483          — 12,456,483
U.S. Government Agency Mortgage-Backed Securities  4,228,013          — 4,228,013
Short-Term Investments:        
Other   — 11,662,494 11,662,494
Securities Lending Collateral 83,250 83,250
Total Investments $4,672,553 $515,416,016 $  — $520,088,569
Forward Foreign Currency Exchange Contracts $  — $112,935 $  — $112,935
Futures Contracts 2,961   —   — 2,961
Total $4,675,514 $515,528,951 $  — $520,204,465
6

 

Calvert
Green Bond Fund
June 30, 2020
Schedule of Investments (Unaudited) — continued

Asset Description Level 1 Level 2 Level 3 Total
Liability Description        
Forward Foreign Currency Exchange Contracts $  — $(2,258,433) $        — $(2,258,433)
Futures Contracts (353,542)        —         — (353,542)
Total $(353,542) $(2,258,433) $        — $(2,611,975)
Affiliated Fund. The Fund may invest in Calvert Cash Reserves Fund, LLC (Cash Reserves Fund), an affiliated investment company managed by Calvert Research and Management (CRM). While Cash Reserves Fund is not a registered money market mutual fund, it conducts all of its investment activities in accordance with the requirements of Rule 2a-7 under the 1940 Act. Investments in Cash Reserves Fund are valued at the closing net asset value per unit on the valuation day and are categorized as Level 2 in the hierarchy. Cash Reserves Fund generally values its investment securities based on available market quotations provided by a third party pricing service.
For additional information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.
7