Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Calvert VP SRI Balanced I Release date as of 2024-03-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-03-31 Out of 686 Moderate Allocation Funds Morningstar® Style Box™ What is this? As of 2024-02-29 As of 2023-12-31 Total Fund Assets ($ Mil) 412.54 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks to provide a competitive total return through an actively managed portfolio of stocks, bonds, and money market instruments which offer income and capital growth opportunity. Under normal market conditions, the fund invests between 50% and 75% of net assets in equity securities and between 25% and 50% of net assets in fixed-income securities. Stock investments are primarily common stock of large-cap companies. Fixed-income investments are primarily a wide variety of investment grade debt securities, such as corporate debt securities, mortgage-backed securities and other asset-backed securities.

Morningstar Category: Moderate Allocation Funds in allocation categories seek to provide both income and capital appreciation by primarily investing in multiple asset classes, including stocks, bonds, and cash. These moderate strategies seek to balance preservation of capital with appreciation. They typically expect volatility similar to a strategic equity exposure between 50% and 70%.

Investment Risks There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 56.8 Non-U.S. Stocks 1.9 Bonds 38.2 Cash 2.7 Other 0.4 Data through 2024-02-29 Morningstar Equity Sectors % of Stocks Cyclical 26.37 Basic Materials 1.53 Consumer Cyclical 9.99 Financial Services 12.85 Real Estate 2.00 Sensitive 55.09 Communication Services 10.27 Energy 2.01 Industrials 10.90 Technology 31.91 Defensive 18.53 Consumer Defensive 4.20 Healthcare 13.38 Utilities 0.95 Data through 2024-02-29 Morningstar Fixed-Income Sectors % Fund Government 18.41 Corporate 31.01 Securitized 41.76 Municipal 2.28 Cash & Equivalents 6.54 Derivative 0.00 Data through 2024-02-29 Credit Analysis % Bonds AAA 35.78 AA 8.93 A 9.09 BBB 20.40 BB 3.58 B 1.25 Below B 0.23 Not Rated 20.74 Data through 2023-12-31 Holding Status Total Number of Stock Holdings 54 Total Number of Bond Holdings 433 % of Net Assets in Top 10 Holdings 26.82 Turnover % (as of 2023-12-31) 119.00 30 Day SEC Yield % 1.82 Top Holdings Sector Country Maturity Date Market Value ($000) % of Net Assets Microsoft Corp USA --- 22,168 5.06 Apple Inc USA --- 15,325 3.50 NVIDIA Corp USA --- 13,765 3.14 Amazon.com Inc USA --- 13,501 3.08 Alphabet Inc Class C USA --- 11,895 2.71 Federal National Mortgage Association 4% --- USA 2052-03-01 10,189 2.32 Federal National Mortgage Association 5% --- USA 2054-03-01 10,107 2.31 AbbVie Inc USA --- 7,288 1.66 Visa Inc Class A USA --- 6,699 1.53 Eli Lilly and Co USA --- 6,632 1.51 Data through 2024-02-29

Principal Risks    Lending, Credit and Counterparty, Currency, Foreign Securities, Long-Term Outlook and Projections, Loss of Money, Not FDIC Insured, Active Management, High Portfolio Turnover, Interest Rate, Market/Market Volatility, Equity Securities, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Restricted/Illiquid Securities, U.S. Government Obligations, Derivatives, Socially Conscious, Shareholder Activity, Small Cap, Mid-Cap, Real Estate/REIT Sector, Money Market Fund Ownership Show Risk Definitions

Other Information Inception Date: 1986-09-02 Portfolio Manager(s) Charles B. Gaffney   (2016-12-31) Charles Gaffney is a vice president of Eaton Vance Management and portfolio manager on Eaton Vance’s global core team. He is a member of the firm’s Equity Strategy Committee. He joined Eaton Vance in 2003. Charlie began his career in the investment management industry in 1996. Before joining Eaton Vance, he was affiliated with Brown Brothers Harriman as a sector portfolio manager and Morgan Stanley Dean Witter as a senior equity analyst. Charlie earned a B.A. from Bowdoin College in 1995 and an MBA from Fordham University in 2002. Vishal Khanduja   (2013-03-20) Vishal is a managing director of Morgan Stanley Investment Management, Co-Head of the Broad Markets Fixed Income team and a portfolio manager. He is responsible for buy and sell decisions and portfolio construction. He joined Calvert Research and Management’s predecessor organization Calvert Investment Management in 2012. Eaton Vance acquired Calvert Investment Management in 2016. Morgan Stanley acquired Eaton Vance in March 2021. Vishal began his career in the investment management industry in 2005. Before joining Eaton Vance, he was a senior vice president, portfolio manager and head of taxable fixed income for Calvert Investments. Previously, he was a vice president and portfolio manager at Columbia Threadneedle and associate director of fixed-income analytics at Galliard Capital. Vishal earned a bachelor of engineering from VJTI, Mumbai, India and an MBA from the Tippie School of Management at the University of Iowa. He is a member of the CFA Institute and CFA Society Boston. He is a CFA charterholder. Brian S. Ellis   (2015-11-16) Brian Ellis is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing in responsible and sustainable investing across global capital markets. He joined Calvert Research and Management in 2016. Brian began his career in the investment management industry in 2006. He has been affiliated with the Eaton Vance organization since 2016. Before joining the Eaton Vance organization, he was a portfolio manager of fixed-income strategies for Calvert Investments. Previously, he was a software engineer and analyst at Legg Mason Capital Management (now ClearBridge Investments). Brian earned a B.S. in finance from Salisbury University. He is a CFA charterholder and an FSA credential holder. He is a member of the CFA Institute and the CFA Society of Boston. Investment Advisor(s) Calvert Research and Management Issuer Calvert Research and Management Subadvisor(s) ---

Show Data Definitions © Copyright 2024 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance. Past performance is no guarantee of future results. Returns will vary and shares may be worth more or less than their original cost when sold.