NPORT-EX 2 NPORT_D8E3_7714554693.htm
Calvert
Green Bond Fund
June 30, 2021
Schedule of Investments (Unaudited)
Asset-Backed Securities — 10.5%
    
Security Principal
Amount
(000's omitted) 		Value
Helios Issuer, LLC, Series 2020-AA, Class A, 2.98%, 6/20/47(1) $      5,471 $  5,718,260
Mosaic Solar Loan Trust:      
Series 2018-1A, Class A, 4.01%, 6/22/43(1)          761     821,930
Series 2018-1A, Class B, 2.00%, 6/22/43(1)   2,595   2,573,243
Series 2019-1A, Class A, 4.37%, 12/21/43(1)   983   1,081,889
Series 2019-2A, Class A, 2.88%, 9/20/40(1)   3,050   3,208,771
Series 2019-2A, Class B, 3.28%, 9/20/40(1)   3,794   3,945,481
Series 2019-2A, Class C, 4.35%, 9/20/40(1)   946     948,626
Series 2020-1A, Class A, 2.10%, 4/20/46(1)   1,673   1,708,806
Series 2020-1A, Class B, 3.10%, 4/20/46(1)   1,923 2,019,180
Series 2020-2A, Class B, 2.21%, 8/20/46(1)   2,393 2,392,155
Series 2021-1A, Class A, 1.51%, 12/20/46(1)   2,775 2,754,937
Series 2021-1A, Class B, 2.05%, 12/20/46(1)   1,332 1,336,029
Mosaic Solar Loans LLC:      
Series 2017-1A, Class A, 4.45%, 6/20/42(1)   577 630,571
Series 2017-2A, Class A, 3.82%, 6/22/43(1)   63 67,531
Series 2017-2A, Class C, 2.00%, 6/22/43(1)   1,097 1,093,933
Series 2021-2A, Class A, 1.64%, 4/22/47(1)   2,750 2,731,300
SolarCity LMC Series I, LLC, Series 2013-1, Class A, 4.80%, 11/20/38(1)   147 153,650
SolarCity LMC Series II, LLC, Series 2014-1, Class A, 4.59%, 4/20/44(1)   3,485 3,492,113
SolarCity LMC Series III, LLC:      
Series 2014-2, Class A, 4.02%, 7/20/44(1)   2,890 2,956,157
Series 2014-2, Class B, 5.44%, 7/20/44(1)   167 168,177
Sunnova Helios II Issuer, LLC:      
Series 2018-1A, Class B, 7.71%, 7/20/48(1)   830 866,506
Series 2021-A, Class A, 1.80%, 2/20/48(1)   2,918 2,905,508
Series 2021-A, Class B, 3.15%, 2/20/48(1)   824 799,047
Sunnova Sol II Issuer, LLC, Series 2020-2A, Class B, 5.47%, 11/1/55(1)   7,731 8,066,329
Sunnova Sol Issuer, LLC, Series 2020-1A, Class A, 3.35%, 2/1/55(1)   2,916 3,056,295
Sunrun Atlas Issuer, LLC, Series 2019-2, Class A, 3.61%, 2/1/55(1)   1,954 2,085,895
Sunrun Callisto Issuer, LLC, Series 2015-1A, Class B, 5.38%, 7/20/45(1)   769 768,235
Sunrun Vulcan Issuer, LLC, Series 2021-1A, Class A, 2.46%, 1/30/52(1)   5,500 5,567,452
Sunrun Xanadu Issuer, LLC, Series 2019-1A, Class A, 3.98%, 6/30/54(1)   2,140 2,305,832
TES, LLC, Series 2017-1A, Class A, 4.33%, 10/20/47(1)   2,490 2,653,880
Tesla Auto Lease Trust:      
Series 2018-B, Class A, 3.71%, 8/20/21(1)   10 10,068
Series 2018-B, Class C, 4.36%, 10/20/21(1)   1,875 1,881,267
Security Principal
Amount
(000's omitted) 		Value
Tesla Auto Lease Trust: (continued)      
Series 2019-A, Class A2, 2.13%, 4/20/22(1) $ 756 $    758,961
Series 2019-A, Class A4, 2.20%, 11/21/22(1)   1,535   1,567,417
Series 2019-A, Class B, 2.41%, 12/20/22(1)   3,270   3,340,727
Series 2019-A, Class E, 5.48%, 5/22/23(1)   1,545   1,622,241
Series 2020-A, Class A3, 0.68%, 12/20/23(1)   1,000   1,004,592
Series 2020-A, Class C, 1.68%, 2/20/24(1)   2,000   2,030,321
Series 2020-A, Class D, 2.33%, 2/20/24(1)   1,695   1,739,864
Series 2020-A, Class E, 4.64%, 8/20/24(1)   973   1,022,603
Series 2021-A, Class D, 1.34%, 3/20/25(1)   3,500 3,510,320
Vivint Solar Financing V, LLC, Series 2018-1A, Class A, 4.73%, 4/30/48(1)   1,425 1,552,678
Vivint Solar Financing VII, LLC, Series 2020-1A, Class A, 2.21%, 7/31/51(1)   5,155 5,207,636
Total Asset-Backed Securities
(identified cost $91,476,075) 		    $94,126,413
    
Commercial Mortgage-Backed Securities — 6.6%
    
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 $  4,328,364
Series KG03, Class A2, 1.297%, 6/25/30(2)   1,360   1,338,318
Series KG04, Class A1, 0.845%, 6/25/30   3,821   3,724,863
Federal National Mortgage Association:      
Series 2017-M13, Class A2, 3.023%, 9/25/27(2)        3,675   4,027,947
Series 2018-M4, Class A2, 3.147%, 3/25/28(2)   4,445   4,937,169
Series 2018-M13, Class A2, 3.697%, 9/25/30(2)   3,780   4,458,296
Series 2019-M1, Class A2, 3.673%, 9/25/28(2)   4,918   5,625,250
Series 2019-M9, Class A2, 2.937%, 4/25/29   4,514 4,991,696
Series 2019-M22, Class A2, 2.522%, 8/25/29   9,578 10,281,724
Series 2020-M1, Class A2, 2.444%, 10/25/29   7,842 8,417,708
Series 2020-M20, Class A2, 1.435%, 10/25/29   4,250 4,244,575
SLG Office Trust, Series 2021-OVA, Class A, 2.585%, 7/15/41(1)   2,424 2,533,284
Total Commercial Mortgage-Backed Securities
(identified cost $55,941,384) 		    $58,909,194
    
 
1

 

Calvert
Green Bond Fund
June 30, 2021
Schedule of Investments (Unaudited) — continued
Common Stocks — 0.3%
    
Security Shares Value
Independent Power and Renewable Electricity Producers — 0.3%  
NextEra Energy Partners, L.P.       34,128 $  2,606,014
Total Common Stocks
(identified cost $2,184,079) 		    $  2,606,014
    
Corporate Bonds — 59.0%
    
Security Principal
Amount
(000's omitted)* 		Value
Communications — 1.0%  
Verizon Communications, Inc., 1.50%, 9/18/30        9,234 $  8,834,632
      $  8,834,632
Consumer, Cyclical — 0.8%  
Aptiv PLC, 5.40%, 3/15/49        1,500 $  2,036,898
Tesla, Inc., 5.30%, 8/15/25(1)        4,696   4,859,843
      $  6,896,741
Consumer, Non-cyclical — 3.2%  
Coca-Cola Femsa SAB de CV, 1.85%, 9/1/32        3,470 $  3,357,659
Conservation Fund (The), Green Bonds, 3.474%, 12/15/29   2,345 2,512,097
Kaiser Foundation Hospitals, 3.15%, 5/1/27   1,208 1,322,921
Koninklijke Philips NV, 0.50%, 5/22/26(3) EUR 11,650 14,158,570
PepsiCo, Inc., 2.875%, 10/15/49   6,700 6,937,191
      $28,288,438
Energy — 2.4%  
Hanwha Energy USA Holdings Corp., 2.375%, 7/30/22(1)(4)   2,500 $2,546,619
TerraForm Power Operating, LLC:      
4.75%, 1/15/30(1)   17,294 17,746,584
5.00%, 1/31/28(1)   867 920,572
      $21,213,775
Financial — 24.1%  
Alexandria Real Estate Equities, Inc., 2.00%, 5/18/32   5,000 $4,876,429
Banco BTG Pactual S.A., 2.75%, 1/11/26(1)   5,500 5,366,680
Bank of America Corp., 2.456% to 10/22/24, 10/22/25(5)   23,441 24,536,812
Bank of Nova Scotia (The), 2.375%, 1/18/23   6,600 6,806,823
BNP Paribas S.A., 0.375% to 10/14/26, 10/14/27(3)(5) EUR 7,500 8,909,756
Boston Properties, L.P., 3.40%, 6/21/29   4,200 4,565,678
Canadian Imperial Bank of Commerce, 0.95%, 10/23/25   6,740 6,701,541
Citigroup, Inc., 1.678% to 5/15/23, 5/15/24(5)   8,575 8,758,301
Commonwealth Bank of Australia, 3.25%, 3/31/22 AUD 2,020 1,549,489
Cooperatieve Rabobank UA, 1.106% to 2/24/26, 2/24/27(1)(5)   9,000 8,878,469
Security Principal
Amount
(000's omitted)* 		Value
Financial (continued)  
DBS Group Holdings Ltd., 0.796%, (3 mo. USD LIBOR + 0.62%), 7/25/22(1)(6)        3,640 $  3,658,273
Digital Dutch Finco BV, 1.50%, 3/15/30(3) EUR      6,300   7,897,777
Digital Euro Finco LLC, 2.50%, 1/16/26(3) EUR      8,700  11,341,553
Equinix, Inc., 2.50%, 5/15/31        8,700   8,855,841
HAT Holdings I, LLC/HAT Holdings II, LLC:      
3.375%, 6/15/26(1)       12,396  12,504,465
3.75%, 9/15/30(1)   6,592   6,457,919
6.00%, 4/15/25(1)   76      80,336
ING Groep NV:      
1.40% to 7/1/25, 7/1/26(1)(5)   7,600 7,624,727
4.625%, 1/6/26(1)   2,675 3,054,052
JPMorgan Chase & Co., 0.653% to 9/16/23, 9/16/24(5)   8,800 8,809,172
Kimco Realty Corp., 2.70%, 10/1/30   2,500 2,572,348
Metropolitan Life Global Funding I, 0.95%, 7/2/25(1)   6,694 6,690,363
Mitsubishi UFJ Financial Group, Inc., 2.527%, 9/13/23(7)   1,100 1,150,188
National Australia Bank, Ltd., 3.625%, 6/20/23(4)   3,243 3,443,543
PNC Financial Services Group, Inc. (The), 2.20%, 11/1/24   9,903 10,394,386
Prologis Euro Finance, LLC, 0.375%, 2/6/28 EUR 6,700 8,017,504
Prologis, L.P., 1.25%, 10/15/30(4)   4,114 3,877,217
Prudential Financial, Inc., 1.50%, 3/10/26   4,394 4,464,826
Regency Centers, L.P., 3.75%, 6/15/24   2,500 2,678,285
Royal Bank of Canada, 0.25%, 5/2/24(3) EUR 8,600 10,314,840
Sumitomo Mitsui Financial Group, Inc., 0.508%, 1/12/24   3,000 2,989,178
Vornado Realty L.P., 2.15%, 6/1/26   2,500 2,535,130
Welltower, Inc., 2.70%, 2/15/27   4,500 4,781,009
      $215,142,910
Government - Multinational — 4.5%  
Asian Development Bank:      
1.875%, 8/10/22   1,500 $1,528,929
2.125%, 3/19/25   750 790,597
2.375%, 8/10/27   750 805,245
3.125%, 9/26/28(4)   800 898,887
European Bank for Reconstruction & Development, 1.625%, 9/27/24   2,635 2,722,085
European Investment Bank:      
1.00%, 11/14/42(3) EUR 3,400 4,482,669
2.375%, 5/24/27   10,503 11,278,527
2.50%, 10/15/24(4)   1,000 1,063,771
3.30%, 2/3/28 AUD 1,300 1,096,135
International Bank for Reconstruction & Development:      
0.625%, 11/22/27 EUR 3,550 4,436,065
2.125%, 3/3/25   4,000 4,210,844
3.125%, 11/20/25   4,150 4,566,722
International Finance Corp., 2.125%, 4/7/26   1,547 1,639,478
 
2

 

Calvert
Green Bond Fund
June 30, 2021
Schedule of Investments (Unaudited) — continued
Security Principal
Amount
(000's omitted)* 		Value
Government - Multinational (continued)  
Nordic Investment Bank, 2.25%, 9/30/21          950 $    954,957
      $ 40,474,911
Government - Regional — 0.5%  
Kommuninvest I Sverige AB, 0.375%, 6/19/24(1)        4,785 $  4,766,502
      $  4,766,502
Industrial — 2.7%  
Johnson Controls International plc/Tyco Fire & Security Finance SCA, 1.75%, 9/15/30        5,750 $  5,546,235
Owens Corning, 3.95%, 8/15/29       11,882  13,437,617
Xylem, Inc.:      
1.95%, 1/30/28   3,400 3,437,548
2.25%, 1/30/31(4)   1,821 1,836,448
      $24,257,848
Technology — 4.7%  
Apple, Inc., 0.50%, 11/15/31 EUR 22,438 $27,038,606
NXP B.V./NXP Funding, LLC NXP USA, Inc.:      
2.50%, 5/11/31(1)   5,000 5,060,207
3.40%, 5/1/30(1)   2,161 2,362,026
SK Hynix, Inc., 2.375%, 1/19/31(1)   8,000 7,806,357
      $42,267,196
Utilities — 15.1%  
AES Corp. (The), 2.45%, 1/15/31(1)(4)   18,302 $18,138,129
Avangrid, Inc.:      
3.15%, 12/1/24   3,953 4,230,853
3.80%, 6/1/29   8,600 9,715,904
Brookfield Renewable Partners ULC, 3.33%, 8/13/50 CAD 4,000 3,099,677
Clearway Energy Operating, LLC, 4.75%, 3/15/28(1)   4,300 4,515,903
Consolidated Edison Co. of New York, Inc.:      
3.35%, 4/1/30   2,083 2,292,195
3.60%, 6/15/61   3,000 3,110,329
Enel Finance International NV:      
1.00%, 9/16/24(3) EUR 4,250 5,223,478
1.125%, 9/16/26(3) EUR 6,100 7,616,371
Liberty Utilities Finance GP 1, 2.05%, 9/15/30(1)   12,994 12,551,817
MidAmerican Energy Co.:      
3.15%, 4/15/50   1,600 1,713,266
3.65%, 8/1/48   4,490 5,130,303
4.25%, 7/15/49   2,890 3,646,797
NextEra Energy Capital Holdings, Inc., 1.90%, 6/15/28   8,879 8,988,622
NextEra Energy Operating Partners, L.P.:      
4.25%, 9/15/24(1)   257 271,456
Security Principal
Amount
(000's omitted)* 		Value
Utilities (continued)  
NextEra Energy Operating Partners, L.P.: (continued)      
4.50%, 9/15/27(1)   6,214 $  6,736,908
Niagara Mohawk Power Corp., 1.96%, 6/27/30(1)        3,782   3,727,500
Northern States Power Co.:      
2.25%, 4/1/31        2,310   2,379,926
2.60%, 6/1/51   6,100   5,812,920
NSTAR Electric Co., 3.25%, 5/15/29        4,000   4,397,493
Pattern Energy Operations, L.P./Pattern Energy Operations, Inc., 4.50%, 8/15/28(1)        9,916  10,289,833
Public Service Co. of Colorado:      
3.20%, 3/1/50   5,000 5,425,322
4.10%, 6/15/48   1,000 1,222,644
Terraform Global Operating, LLC, 6.125%, 3/1/26(1)   1,595 1,650,147
Tucson Electric Power Co., 1.50%, 8/1/30   2,500 2,378,292
      $134,266,085
Total Corporate Bonds
(identified cost $514,746,478) 		    $526,409,038
    
High Social Impact Investments — 0.2%
    
Security Principal
Amount
(000's omitted) 		Value
Calvert Impact Capital, Inc., Community Investment Notes, 1.50%, 12/15/23(8)(9) $      1,700 $  1,666,034
Total High Social Impact Investments
(identified cost $1,700,000) 		    $  1,666,034
    
Preferred Stocks — 1.8%
    
Security Shares Value
Electric Utilities — 1.0%  
Brookfield BRP Holdings Canada, Inc., 4.625%      353,000 $  8,955,610
      $  8,955,610
Real Estate Management & Development — 0.8%  
Brookfield Property Partners, L.P.:      
Series A, 5.75%       92,000 $  2,297,240
Series A2, 6.375%(4)   169,100   4,447,330
      $  6,744,570
Total Preferred Stocks
(identified cost $15,400,394) 		    $ 15,700,180
    
 
3

 

Calvert
Green Bond Fund
June 30, 2021
Schedule of Investments (Unaudited) — continued
Senior Floating-Rate Loans(10) — 0.3%
    
Borrower/Description Principal
Amount
(000's omitted) 		Value
Industrial Equipment — 0.3%  
EWT Holdings III Corp., Term Loan, 2.625%, (1 mo. USD LIBOR + 2.50%), 4/1/28 $      3,175 $  3,161,605
Total Senior Floating-Rate Loans
(identified cost $3,166,816) 		    $  3,161,605
    
Sovereign Government Bonds — 12.1%
    
Security Principal
Amount
(000's omitted)* 		Value
Canada — 1.2%  
Province of Ontario Canada:      
1.95%, 1/27/23 CAD      3,200 $  2,642,013
2.65%, 2/5/25 CAD 5,000   4,271,822
South Coast British Columbia Transportation Authority, 2.65%, 10/29/50 CAD      5,490   4,284,290
      $ 11,198,125
Chile — 0.2%  
Chile Government International Bond, 2.55%, 1/27/32        1,500 $  1,536,750
      $  1,536,750
Finland — 0.9%  
Kuntarahoitus Oyj:      
0.05%, 9/6/29(3) EUR 3,750 $4,495,377
1.375%, 9/21/21(1)   3,500 3,509,454
      $8,004,831
France — 6.0%  
French Republic Government Bond OAT:      
0.50%, 6/25/44(1)(3) EUR 8,000 $9,063,343
1.75%, 6/25/39(1)(3) EUR 30,790 44,327,446
      $53,390,789
Germany — 1.0%  
Kreditanstalt fuer Wiederaufbau:      
0.75%, 9/30/30   3,034 $2,849,956
1.75%, 9/14/29   2,200 2,272,112
2.00%, 9/29/22   3,965 4,055,319
      $9,177,387
Italy — 1.0%  
Italy Buoni Poliennali Del Tesoro, 1.50%, 4/30/45(1)(3) EUR 7,400 $8,528,512
      $8,528,512
Security Principal
Amount
(000's omitted)* 		Value
Netherlands — 1.0%  
Nederlandse Waterschapsbank NV:      
1.00%, 5/28/30(1)        2,400 $  2,295,002
2.125%, 11/15/21(1)   1,280   1,289,453
2.375%, 3/24/26(1)   1,700   1,816,920
3.125%, 12/5/22(1)   500     520,420
Netherlands Government Bond, 0.50%, 1/15/40(1)(3) EUR      2,400   3,003,404
      $  8,925,199
Sweden — 0.8%  
Sweden Government International Bond, 0.125%, 9/9/30(1) SEK 61,500 $7,092,754
      $7,092,754
Total Sovereign Government Bonds
(identified cost $107,797,744) 		    $107,854,347
    
Taxable Municipal Obligations — 3.0%
    
Security Principal
Amount
(000's omitted) 		Value
General Obligations — 1.0%  
Massachusetts, Green Bonds, 3.277%, 6/1/46 $      8,240 $  9,203,915
      $  9,203,915
Water and Sewer — 2.0%  
District of Columbia Water & Sewer Authority, Green Bonds, 4.814%, 10/1/2114 $      1,665 $  2,366,481
Massachusetts Water Pollution Abatement Trust, 5.192%, 8/1/40(11)          150     174,655
Narragansett Bay Commission, RI, Wastewater System Revenue, Green Bonds:      
2.094%, 9/1/30          620     634,421
2.184%, 9/1/31   500     511,240
2.264%, 9/1/32   445 454,234
2.344%, 9/1/33   1,445 1,472,325
New York City Municipal Water Finance Authority, NY, (Water and Sewer System), 5.882%, 6/15/44(11)   605 938,095
San Francisco City and County Public Utilities Commission, CA, Water Revenue, Green Bonds, 3.303%, 11/1/39   10,705 11,479,079
      $18,030,530
Total Taxable Municipal Obligations
(identified cost $24,911,798) 		    $27,234,445
    
 
4

 

Calvert
Green Bond Fund
June 30, 2021
Schedule of Investments (Unaudited) — continued
U.S. Government Agencies and Instrumentalities — 1.3%
    
Security Principal
Amount
(000's omitted) 		Value
U.S. International Development Finance Corp.:      
1.79%, 10/15/29 $      4,111 $  4,255,546
2.36%, 10/15/29        2,663   2,825,635
3.16%, 6/1/33          167     185,336
3.22%, 9/15/29          662     726,984
3.52%, 9/20/32        3,053   3,412,979
Total U.S. Government Agencies and Instrumentalities
(identified cost $10,655,664) 		    $ 11,406,480
    
U.S. Government Agency Mortgage-Backed Securities — 0.5%
    
Security Principal
Amount
(000's omitted) 		Value
Federal National Mortgage Association:      
Pool #AN1879, 2.65%, 6/1/26 $      1,824 $  1,953,598
Pool #AN1909, 2.68%, 7/1/26   2,000   2,150,575
Total U.S. Government Agency Mortgage-Backed Securities
(identified cost $3,873,488) 		  $  4,104,173
    
Short-Term Investments — 2.9%      
Affiliated Fund — 2.6%
Description Units Value
Calvert Cash Reserves Fund, LLC, 0.07%(12)   23,205,934 $ 23,205,934
Total Affiliated Fund
(identified cost $23,205,934) 		    $ 23,205,934
Securities Lending Collateral — 0.3%
Security Shares Value
State Street Navigator Securities Lending Government Money Market Portfolio, 0.02%(13)    3,061,365 $  3,061,365
Total Securities Lending Collateral
(identified cost $3,061,365) 		    $  3,061,365
Total Short-Term Investments
(identified cost $26,267,299) 		    $ 26,267,299
Total Investments — 98.5%
(identified cost $858,121,219) 		    $879,445,222
Other Assets, Less Liabilities — 1.5%     $ 13,295,662
Net Assets — 100.0%     $892,740,884
    
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 exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At June 30, 2021, the aggregate value of these securities is $336,372,092 or 37.7% of the Fund's net assets.
(2) Weighted average fixed-rate coupon that changes/updates monthly. Rate shown is the rate at June 30, 2021.
(3) Security exempt from registration under Regulation S of the Securities Act of 1933, as amended, 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, as amended. At June 30, 2021, the aggregate value of these securities is $139,363,096 or 15.8% of the Fund's net assets.
(4) All or a portion of this security was on loan at June 30, 2021. The aggregate market value of securities on loan at June 30, 2021 was $4,175,105 and the total market value of the collateral received by the Fund was $4,285,960, comprised of cash of $3,061,365 and U.S. government and/or agencies securities of $1,224,595.
(5) Security converts to variable rate after the indicated fixed-rate coupon period.
(6) Variable rate security. The stated interest rate represents the rate in effect at June 30, 2021.
(7) Represents an investment in an issuer that may be deemed to be an affiliate effective March 1, 2021.
(8) May be deemed to be an affiliated company.
(9) Restricted security. Total market value of restricted securities amounts to $1,666,034, which represents 0.2% of the net assets of the Fund as of
June 30, 2021.
(10) Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the London Interbank Offered Rate ("LIBOR") and secondarily, the prime rate offered by one or more major United States banks (the "Prime Rate"). Base lending rates may be subject to a floor, or minimum rate. Senior Loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold.
(11) 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.
(12) 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, 2021.
(13) Represents investment of cash collateral received in connection with securities lending.
    
 
5

 

Calvert
Green Bond Fund
June 30, 2021
Schedule of Investments (Unaudited) — continued
Country Allocation (% of Total Investments)  
United States 67.4%
France 7.1
Netherlands 5.8
Canada 5.4
Other (less than 3.0% each) 14.3
Total 100.0%
Forward Foreign Currency Exchange Contracts
Currency Purchased Currency Sold Counterparty Settlement
Date 		Unrealized
Appreciation 		Unrealized
(Depreciation)
USD 2,796,388 AUD 3,609,626 State Street Bank and Trust Company 8/31/21 $88,646 $ —
USD 14,423,617 CAD 17,471,087 State Street Bank and Trust Company 8/31/21 329,924  —
USD 174,848,341 EUR 143,041,410 State Street Bank and Trust Company 8/31/21 5,031,918  —
USD 9,196,850 EUR 7,539,416 State Street Bank and Trust Company 8/31/21 246,178  —
USD 7,447,042 SEK 61,714,020 State Street Bank and Trust Company 8/31/21 231,949  —
            $5,928,615 $ —
Futures Contracts
Description Number of
Contracts 		Position Expiration
Date 		Notional
Amount 		Value/
Unrealized
Appreciation
(Depreciation)
Interest Rate Futures          
U.S. 2-Year Treasury Note 15 Long 9/30/21 $3,304,805 $(5,299)
U.S. 5-Year Treasury Note 221 Long 9/30/21 27,277,961 (41,969)
U.S. 10-Year Treasury Note 100 Long 9/21/21 13,250,000 43,943
U.S. Long Treasury Bond (145) Short 9/21/21 (23,308,750) (736,599)
U.S. Ultra 10-Year Treasury Note (503) Short 9/21/21 (74,043,172) (1,256,783)
U.S. Ultra-Long Treasury Bond (75) Short 9/21/21 (14,451,563) (650,216)
          $(2,646,923)
Restricted Securities
Description Acquisition Date Cost
Calvert Impact Capital, Inc., Community Investment Notes, 1.50%, 12/15/23 12/14/20 $1,700,000
    
Abbreviations: 
LIBOR – London Interbank Offered Rate
    
Currency Abbreviations: 
AUD – Australian Dollar
CAD – Canadian Dollar
EUR – Euro
SEK – Swedish Krona
USD – United States Dollar
At June 30, 2021, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.
6

 

Calvert
Green Bond Fund
June 30, 2021
Schedule of Investments (Unaudited) — continued
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, 2021, 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, 2021, the Fund used futures contracts to hedge interest rate risk and to manage duration.
The Fund invested in issuers that may be deemed to be affiliated with Morgan Stanley. At June 30, 2021, the value of the Fund's investment in Calvert Impact Capital, Inc. (the Notes) and affiliated issuers and funds was $26,022,156, which represents 2.9% of the Fund's net assets. Transactions in the Notes and affiliated issuers and funds by the Fund for the fiscal year to date ended June 30, 2021 were as follows:
Name 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
Corporate Bonds            
Mitsubishi UFJ Financial Group, Inc., 2.527%, 9/13/23(1) $ — $  — $   — $ — $(11,272) $ 1,150,188 $ 9,266 $  1,100,000
High Social Impact Investments            
Calvert Impact Capital, Inc., Community Investment Notes:                
1.50%, 12/15/20(2) 1,189,991   —   (1,196,055)  —   6,064  —  3,738  —
1.50%, 12/15/23(2)  —   1,700,000    —  — (33,966)  1,666,034 13,883  1,700,000
Short-Term Investments            
Calvert Cash Reserves Fund, LLC 3,019,064 331,337,064 (311,145,742) (4,452)  — 23,205,934 27,352 23,205,934
Totals       $(4,452) $(39,174) $26,022,156 $54,239  
    
(1) May be deemed to be an affiliated issuer as of March 1, 2021.
(2) 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, 2021, based on the inputs used to value them:
Asset Description Level 1 Level 2 Level 3 Total
Asset-Backed Securities $ — $94,126,413 $ — $94,126,413
Commercial Mortgage-Backed Securities  — 58,909,194  — 58,909,194
Common Stocks 2,606,014(1)  —  — 2,606,014
Corporate Bonds  — 526,409,038  — 526,409,038
High Social Impact Investments  — 1,666,034  — 1,666,034
Preferred Stocks 15,700,180  —  — 15,700,180
Senior Floating-Rate Loans  — 3,161,605  — 3,161,605
Sovereign Government Bonds  — 107,854,347  — 107,854,347
Taxable Municipal Obligations  — 27,234,445  — 27,234,445
U.S. Government Agencies and Instrumentalities  — 11,406,480  — 11,406,480
U.S. Government Agency Mortgage-Backed Securities  — 4,104,173  — 4,104,173
Short-Term Investments:        
Affiliated Fund  — 23,205,934  — 23,205,934
7

 

Calvert
Green Bond Fund
June 30, 2021
Schedule of Investments (Unaudited) — continued
Asset Description Level 1 Level 2 Level 3 Total
Securities Lending Collateral $3,061,365 $ — $ — $3,061,365
Total Investments $21,367,559 $858,077,663 $ — $879,445,222
Forward Foreign Currency Exchange Contracts $ — $5,928,615 $ — $5,928,615
Futures Contracts 43,943  —  — 43,943
Total $21,411,502 $864,006,278 $ — $885,417,780
Liability Description        
Futures Contracts $(2,690,866) $ — $ — $(2,690,866)
Total $(2,690,866) $ — $ — $(2,690,866)
    
(1) The level classification by major category of investments is the same as the category presentation in the Schedule of Investments.
For 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.
8