Calvert Conservative Allocation Fund

Serving as a "fund of funds," this investment vehicle pursues its objectives by mainly deploying its capital across a selection of Calvert's underlying income and equity funds. Crucially, these underlying funds must satisfy the fund's specific investment criteria, particularly its responsible investing standards. Typically, 50% to 80% of its net assets are directed towards funds primarily invested in income-producing securities, while 20% to 50% are allocated to those focused on equity securities. Up to 10% of its net assets may also be held in cash or short-term money market instruments.