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) | $2,605,631 | $ — | $(2,619,488) | $ — | $13,857 | $ — | $7,640 | $ — |
| Calvert Impact Capital, Inc., Community Investment Notes, 1.50%, 12/15/20(1) | — | 696,903 | — | — | (10,265) | 686,638 | 5,662 | 696,903 |
| Short-Term Investments | | | | | | | | |
| Calvert Cash Reserves Fund, LLC | — | 15,470,735 | (12,845,029) | — | — | 2,625,706 | 465 | 2,625,706 |
| Totals | | | | $ — | $3,592 | $3,312,344 | $13,767 | |
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 |
| Common Stocks | $220,448,165(1) | $ — | $ — | $220,448,165 |
| High Social Impact Investments | — | 1,325,151 | — | 1,325,151 |
| Short-Term Investments | — | 2,625,706 | — | 2,625,706 |
| Total Investments | $220,448,165 | $3,950,857 | $ — | $224,399,022 |
| (1) | The level classification by major category of investments is the same as the category presentation in the Schedule of Investments. |
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.
