Calvert Global Alternative Energy Fund

Mutual Fund	Symbol	Assets	Inception	Min. Investment	IRA Min. Investment	Morningstar Rating
Calvert Global Alternative Energy Fund	CGAEX	$231.05 million	2007	$2,000	$1,000	Not Rated

The Calvert Global Alternative Energy Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in equity securities of U.S. and non-U.S. companies whose main business is alternative energy or that are significantly involved in the alternative energy sector. Alternative energy includes renewable energy (solar, wind, geothermal, biofuel, hydrogen, biomass and other renewable energy sources that may be developed in the future), technologies that enable these sources to be tapped, and services or technologies that conserve or enable more efficient use of energy. Fund manager KBC Asset Management International Ltd. of Dublin, Ireland uses a three-step investment process that uses both fundamental and quantitative components to select stocks for the fund.

Top Ten Holdings as of August 31, 2009

Company	Percent of Assets
Iberdrola Renovables	6.88%
FPL Group	5.12%
Scottish and Southern Energy	5.01%
Gamesa Corp Tecno	4.49%
EDP Renovaveis S.A.	4.29%
Covanta Energy	4.29%
Vestas Wind Systems	4.25%
Acciona	4.08%
First Solar Inc	3.97%
Kyocera Corp	3.87%

Previous Calvert Global Alternative Energy Fund Data:
Top Ten Holdings as of June 30, 2009