	Portfolio Manager Updates
	Market Outlook

| Advisor Commentary

Fund Commentary, Audio Updates, and Conference Calls
Calvert's portfolio managers offer quarterly commentary on select funds, including market analysis and portfolio highlights. Audio updates and conference calls with select portfolio managers are also available. The opinions expressed by portfolio managers are those of the subadvisors and may not reflect those of Calvert and its subsidiaries.

Market Outlook
Review what our Chief Investment Officers for Fixed Income and Equities have to say about the economy and markets. In Focus on Fixed Income, Calvert Fixed Income Strategist Steve Van Order writes weekly economic analysis and market commentary on the US fixed income markets.

#5787


Market Recovery, No. But the Worst May Be Over

Calvert Short Duration Income Fund Outperforms Benchmark in Second Quarter

States Fight their Oil Dependency: Who's Winning, Who's At Risk


Advocacy
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 800.368.2750 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.
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