# EDGAR Filing Document

**Accession Number:** 0001121624
**File Stem:** 0001410368-26-020608
**Filing Date:** 2026-2
**Character Count:** 44223
**Document Hash:** bfe21e3086b0bca627e8ab2eaafa8d5c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-020608.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001410368-26-020608

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Calvert Impact Fund, Inc.
- **CENTRAL INDEX KEY:** 0001121624

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10045
- **FILM NUMBER:** 26696885

**BUSINESS ADDRESS:**
- **STREET 1:** 2050 M STREET NW
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 8002256265

**MAIL ADDRESS:**
- **STREET 1:** 2050 M STREET NW
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CALVERT IMPACT FUND INC
- **DATE OF NAME CHANGE:** 20000809

## Series and Classes Contracts Data

### Calvert Small-Cap Fund (Series ID: S000008714)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000023745 | Class A                         | CCVAX           |
| C000023746 | Class C                         | CSCCX           |
| C000023747 | Class I                         | CSVIX           |
| C000211123 | Calvert Small-Cap Fund Class R6 | CALRX           |

## Nport-Ex

Calvert

Small-Cap Fund

December 31, 2025

Schedule of Investments (Unaudited)

------

Common Stocks — 99.9%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | **Value** |
| Aerospace & Defense — 1.0% | Aerospace & Defense — 1.0% |  |
| Hexcel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;242046 | $17887199 |
|  |  | **$17887199** |
| Automobile Components — 2.6% | Automobile Components — 2.6% |  |
| Dorman Products, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;387596 | $47747951 |
|  |  | **$47747951** |
| Banks — 11.4% | Banks — 11.4% |  |
| Commerce Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;740693 | $38767872 |
| Community Financial System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;877265 | &nbsp;&nbsp; 50390102 |
| First Financial Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;678152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20256400 |
| Old National Bancorp | 1414281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31552609 |
| SouthState Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;504180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47448380 |
| Stock Yards Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4046060 |
| Webster Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;322730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20312626 |
|  |  | &nbsp;&nbsp;**$212774049** |
| Biotechnology — 0.7% | Biotechnology — 0.7% |  |
| Caris Life Sciences, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;505788 | &nbsp;&nbsp;&nbsp;&nbsp;$13646160 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$13646160** |
| Building Products — 11.8% | Building Products — 11.8% |  |
| A.O. Smith Corp. | &nbsp;&nbsp;&nbsp;&nbsp;561548 | &nbsp;&nbsp;&nbsp;&nbsp;$37556330 |
| AAON, Inc.<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;186359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14209874 |
| Advanced Drainage Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;206458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29901312 |
| AZZ, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;309124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33131910 |
| CSW Industrials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;245995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72206912 |
| Hayward Holdings, Inc.<sup>(1)</sup> | 2197821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33956335 |
|  |  | &nbsp;&nbsp;**$220962673** |
| Capital Markets — 2.3% | Capital Markets — 2.3% |  |
| Stifel Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;336084 | &nbsp;&nbsp;&nbsp;&nbsp;$42084438 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$42084438** |
| Chemicals — 3.7% | Chemicals — 3.7% |  |
| Balchem Corp. | &nbsp;&nbsp;&nbsp;&nbsp;201562 | &nbsp;&nbsp;&nbsp;&nbsp;$30911548 |
| Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;279926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38436639 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$69348187** |
| Construction Materials — 0.7% | Construction Materials — 0.7% |  |
| Knife River Corp.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;185173 | &nbsp;&nbsp;&nbsp;&nbsp;$13026921 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$13026921** |
| Consumer Staples Distribution & Retail — 0.6% | Consumer Staples Distribution & Retail — 0.6% |  |
| Chefs' Warehouse, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;166801 | &nbsp;&nbsp;&nbsp;&nbsp;$10396706 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$10396706** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | **Value** |
| Containers & Packaging — 1.8% | Containers & Packaging — 1.8% |  |
| AptarGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;271261 | $33082992 |
|  |  | **$33082992** |
| Diversified Consumer Services — 2.1% | Diversified Consumer Services — 2.1% |  |
| Bright Horizons Family Solutions, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;394219 | $39973807 |
|  |  | **$39973807** |
| Diversified REITs — 2.4% | Diversified REITs — 2.4% |  |
| Essential Properties Realty Trust, Inc. | 1511338 | $44826285 |
|  |  | **$44826285** |
| Electric Utilities — 2.2% | Electric Utilities — 2.2% |  |
| IDACORP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;322687 | &nbsp;&nbsp;&nbsp;&nbsp;$40839267 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$40839267** |
| Electrical Equipment — 1.1% | Electrical Equipment — 1.1% |  |
| Thermon Group Holdings, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;573591 | &nbsp;&nbsp;&nbsp;&nbsp;$21314642 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$21314642** |
| Electronic Equipment, Instruments & Components — 2.0% | Electronic Equipment, Instruments & Components — 2.0% |  |
| Badger Meter, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;216820 | &nbsp;&nbsp;&nbsp;&nbsp;$37815576 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$37815576** |
| Financial Services — 1.5% | Financial Services — 1.5% |  |
| Euronet Worldwide, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;372042 | &nbsp;&nbsp;&nbsp;&nbsp;$28316117 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$28316117** |
| Food Products — 1.1% | Food Products — 1.1% |  |
| Post Holdings, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;208343 | &nbsp;&nbsp;&nbsp;&nbsp;$20636374 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$20636374** |
| Ground Transportation — 1.0% | Ground Transportation — 1.0% |  |
| Lyft, Inc., Class A<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;945834 | &nbsp;&nbsp;&nbsp;&nbsp;$18320805 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$18320805** |
| Health Care Providers & Services — 7.3% | Health Care Providers & Services — 7.3% |  |
| Addus HomeCare Corp.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;307189 | &nbsp;&nbsp;&nbsp;&nbsp;$32989027 |
| Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;44645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19101810 |
| Option Care Health, Inc.<sup>(1)</sup> | 1277752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40709179 |
| U.S. Physical Therapy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;561360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43836602 |
|  |  | &nbsp;&nbsp;**$136636618** |
| Health Care Technology — 1.1% | Health Care Technology — 1.1% |  |
| Certara, Inc.<sup>(1)</sup> | 1316558 | &nbsp;&nbsp;&nbsp;&nbsp;$11598876 |
| HeartFlow, Inc.<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;292547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8527745 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$20126621** |
| Hotels, Restaurants & Leisure — 5.0% | Hotels, Restaurants & Leisure — 5.0% |  |
| Aramark | 1154931 | &nbsp;&nbsp;&nbsp;&nbsp;$42570757 |

---

------

Calvert

Small-Cap Fund

December 31, 2025

Schedule of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | **Value** |
| Hotels, Restaurants & Leisure (continued) | Hotels, Restaurants & Leisure (continued) |  |
| Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;679095 | $51312418 |
|  |  | **$93883175** |
| Household Durables — 1.3% | Household Durables — 1.3% |  |
| Meritage Homes Corp. | &nbsp;&nbsp;&nbsp;&nbsp;152395 | $10027591 |
| Taylor Morrison Home Corp.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;225675 | &nbsp;&nbsp; 13285487 |
|  |  | **$23313078** |
| Industrial REITs — 3.9% | Industrial REITs — 3.9% |  |
| EastGroup Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;179645 | $32001960 |
| Rexford Industrial Realty, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;377146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14603093 |
| Terreno Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;444190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26078395 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$72683448** |
| Insurance — 5.2% | Insurance — 5.2% |  |
| First American Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;385040 | &nbsp;&nbsp;&nbsp;&nbsp;$23656858 |
| Hamilton Insurance Group Ltd., Class B<sup>(1)</sup> | 1227267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34240749 |
| White Mountains Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;18838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39145929 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$97043536** |
| IT Services — 0.3% | IT Services — 0.3% |  |
| Wix.com Ltd.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;62730 | &nbsp;&nbsp;&nbsp;&nbsp;$6517020 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$6517020** |
| Life Sciences Tools & Services — 1.1% | Life Sciences Tools & Services — 1.1% |  |
| Bio-Techne Corp. | &nbsp;&nbsp;&nbsp;&nbsp;355653 | &nbsp;&nbsp;&nbsp;&nbsp;$20915953 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$20915953** |
| Machinery — 8.8% | Machinery — 8.8% |  |
| Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;613911 | &nbsp;&nbsp;&nbsp;&nbsp;$31868120 |
| Donaldson Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;618437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54830624 |
| ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;137716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26908329 |
| Franklin Electric Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;522554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49919584 |
|  |  | &nbsp;&nbsp;**$163526657** |
| Professional Services — 2.1% | Professional Services — 2.1% |  |
| CBIZ, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;764262 | &nbsp;&nbsp;&nbsp;&nbsp;$38557018 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$38557018** |
| Semiconductors & Semiconductor Equipment — 2.7% | Semiconductors & Semiconductor Equipment — 2.7% |  |
| Allegro MicroSystems, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;621827 | &nbsp;&nbsp;&nbsp;&nbsp;$16403796 |
| Diodes, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;696990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34389487 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$50793283** |
| Software — 4.8% | Software — 4.8% |  |
| Alkami Technology, Inc.<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;545346 | &nbsp;&nbsp;&nbsp;&nbsp;$12581132 |
| CCC Intelligent Solutions Holdings, Inc.<sup>(1)</sup> | 4061568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32289466 |
| Descartes Systems Group, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;307205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26929590 |
| nCino, Inc.<sup>(1)(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;350378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8983692 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | **Value** |
| Software (continued) | Software (continued) |  |
| SPS Commerce, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94983 | $8465835 |
|  |  | **$89249715** |
| Specialty Retail — 2.1% | Specialty Retail — 2.1% |  |
| Valvoline, Inc.<sup>(1)</sup> | 1341236 | $38976318 |
|  |  | **$38976318** |
| Textiles, Apparel & Luxury Goods — 2.2% | Textiles, Apparel & Luxury Goods — 2.2% |  |
| Steven Madden Ltd.<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;973568 | $40539371 |
|  |  | **$40539371** |
| Trading Companies & Distributors — 2.0% | Trading Companies & Distributors — 2.0% |  |
| Core & Main, Inc., Class A<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;722700 | &nbsp;&nbsp;&nbsp;&nbsp;$37558719 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**$37558719** |
| Total Common Stocks<br> (identified cost $1,629,656,741) |  | **$1863320679** |

---

---

| | | |
|:---|:---|:---|
| Short-Term Investments — 0.7% |  |  |
| Affiliated Fund — 0.0%<sup>†</sup> | Affiliated Fund — 0.0%<sup>†</sup> | Affiliated Fund — 0.0%<sup>†</sup> |
| **Security** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 3.69%<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9973 | $9973 |
| Total Affiliated Fund<br> (identified cost $9,973) |  | **$9973** |
| Securities Lending Collateral — 0.7% | Securities Lending Collateral — 0.7% | Securities Lending Collateral — 0.7% |
| **Security** | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| State Street Navigator Securities Lending Government Money Market Portfolio, 3.83%<sup>(4)</sup> | 13519528 | $13519528 |
| Total Securities Lending Collateral<br> (identified cost $13,519,528) |  | **$13519528** |
| Total Short-Term Investments<br> (identified cost $13,529,501) |  | **$13529501** |
| Total Investments — 100.6%<br> (identified cost $1,643,186,242) |  | **$1876850180** |
| Other Assets, Less Liabilities — (0.6)% |  | **$(11102798)** |
| Net Assets — 100.0% |  | **$1865747382** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Schedule of Investments is based on net assets. | The percentage shown for each investment category in the Schedule of Investments is based on net assets. |
| <sup>†</sup> | Amount is less than 0.05% or (0.05)%, as applicable. |
| <sup>(1)</sup> | Non-income producing security. |

---

------

Calvert

Small-Cap Fund

December 31, 2025

Schedule of Investments (Unaudited) — continued

------

<sup>(2)</sup> All or a portion of this security was on loan at December 31, 2025. The aggregate market value of securities on loan at December 31, 2025 was $25,348,460 and the total market value of the collateral received by the Fund was $26,533,755, comprised of cash of $13,519,528 and U.S. government and/or agencies securities of $13,014,227.

<sup>(3)</sup> May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of December 31, 2025.

<sup>(4)</sup> Represents investment of cash collateral received in connection with securities lending.

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| REITs | – Real Estate Investment Trusts |

---

The Fund did not have any open derivative instruments at December 31, 2025.

Affiliated Investments

At December 31, 2025, the value of the Fund's investment in funds that may be deemed to be affiliated was $9,973, which represents less than 0.05% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended December 31, 2025 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Value,<br> beginning<br> of period** | **Purchases** | **Sales<br> proceeds** | **Net<br> realized<br> gain<br> (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Value,<br> end of<br> period** | **Dividend<br> income** | **Shares,<br> end of<br> period** |
| **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** |  |  |  |  |  |  |
| Liquidity Fund, Institutional Class<sup>(1)</sup> | $44059265 | $103688255 | $(147737547) | $— | $— | $9973 | $124837 | 9973 |

---

<sup>(1)</sup> Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.

Fair Value Measurements

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 December 31, 2025, based on the inputs used to value them:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total** |
| Common Stocks | &nbsp;&nbsp;$1863320679<sup>(1)</sup> | &nbsp;&nbsp;$— | &nbsp;&nbsp;$— | &nbsp;&nbsp;$1863320679 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Affiliated Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9973 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9973 |
| &nbsp;&nbsp;&nbsp;Securities Lending Collateral | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13519528 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13519528 |
| **Total Investments** | &nbsp;&nbsp;**$1876850180** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$—** | &nbsp;&nbsp;**$1876850180** |

---

<sup>(1)</sup> The level classification by major category of investments is the same as the category presentation in the Schedule of Investments.

For information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Calvert Impact Fund, Inc.

- **b. Investment Company Act file number:** 811-10045

- **c. CIK number of Registrant:** 0001121624

- **d. LEI of Registrant:** 549300J0LOX3YRCSNT56

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2050 M Street NW

  - **City:** Washington

  - **State:** DC

  - **Foreign country:** US

  - **Zip / Postal Code:** 20036

  - **Telephone number:** 202-238-2200

**Item A.2. Information about the Series.**

- **a. Name of Series:** Calvert Small Cap Fund

- **b. EDGAR series identifier (if any):** S000008714

- **c. LEI of Series:** 549300MIJR64EECJ6M85

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1900773461.27

**Total Liabilities:** $25468145.01

**Net Assets:** $1875305316.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023745 | -2.56%               | 0.51%                | -0.69%               |
| Class ID C000023746 | -2.68%               | 0.47%                | -0.73%               |
| Class ID C000023747 | -2.56%               | 0.55%                | -0.66%               |
| Class ID C000211123 | -2.55%               | 0.55%                | -0.64%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3439988.43              | $-61514825.08                              |
| Month 2  | $-10109548.62            | $19489024.11                               |
| Month 3  | $21751881.92             | $-33270018.12                              |

### Schedule of Portfolio Investments

| Name                                   | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAON Inc                               | AAON Inc                                                                    | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200126 | NS      | $15259607.50  | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| AZZ Inc                                | AZZ Inc                                                                     | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |    311869 | NS      | $33426119.42  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                    | Addus HomeCare Corp                                                         | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |    312374 | NS      | $33545843.86  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc          | Advanced Drainage Systems Inc                                               | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |    206458 | NS      | $29901312.14  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc                  | Alkami Technology Inc                                                       | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |    550138 | NS      | $12691683.66  | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Allegro MicroSystems Inc               | Allegro MicroSystems Inc                                                    | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    627398 | NS      | $16550759.24  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                         | AptarGroup Inc                                                              | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |    273685 | NS      | $33378622.60  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                | Aramark                                                                     | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |   1165284 | NS      | $42952368.24  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc      | Atmus Filtration Technologies Inc                                           | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    627522 | NS      | $32574667.02  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                       | Badger Meter Inc                                                            | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |    218762 | NS      | $38154280.42  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                           | Balchem Corp                                                                | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |    203424 | NS      | $31197104.64  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                        | Bio-Techne Corp                                                             | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |    358913 | NS      | $21107673.53  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc   | Bright Horizons Family Solutions Inc                                        | CUSIP: 109194100<br>LEI: 2549009BKSVTM7UEYT38 | Long             | EC               | CORP              | US        |    400224 | NS      | $40582713.60  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                               | CBIZ Inc                                                                    | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |    766462 | NS      | $38668007.90  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Holdings Inc | CCC Intelligent Solutions Holdings Inc                                      | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4097839 | NS      | $32577820.05  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc                    | CSW Industrials Inc                                                         | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |    247125 | NS      | $72538601.25  | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Caris Life Sciences Inc                | Caris Life Sciences Inc                                                     | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |    510238 | NS      | $13766221.24  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara Inc                            | Certara Inc                                                                 | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1328243 | NS      | $11701820.83  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The               | Chefs' Warehouse Inc/The                                                    | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |    169051 | NS      | $10536948.83  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                            | Chemed Corp                                                                 | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     45012 | NS      | $19258834.32  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO             | Commerce Bancshares Inc/MO                                                  | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    747355 | NS      | $39116560.70  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System Inc         | Community Financial System Inc                                              | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |    885030 | NS      | $50836123.20  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                        | Core & Main Inc                                                             | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    732700 | NS      | $38078419.00  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/The        | Descartes Systems Group Inc/The                                             | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |    307205 | NS      | $26929590.30  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                             | Diodes Inc                                                                  | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |    703180 | NS      | $34694901.20  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                       | Donaldson Co Inc                                                            | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |    624022 | NS      | $55325790.52  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc                    | Dorman Products Inc                                                         | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |    389896 | NS      | $48031288.24  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc               | EastGroup Properties Inc                                                    | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |    181445 | NS      | $32322612.30  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc                  | ESCO Technologies Inc                                                       | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |    141965 | NS      | $27738541.35  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc  | Essential Properties Realty Trust Inc                                       | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |   1524782 | NS      | $45225034.12  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                  | Euronet Worldwide Inc                                                       | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |    375430 | NS      | $28573977.30  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp          | First American Financial Corp                                               | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |    388470 | NS      | $23867596.80  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc         | First Financial Bankshares Inc                                              | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |    684274 | NS      | $20439264.38  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc               | Franklin Electric Co Inc                                                    | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |    527265 | NS      | $50369625.45  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                   | Hayward Holdings Inc                                                        | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2226562 | NS      | $34400382.90  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| HeartFlow Inc                          | HeartFlow Inc                                                               | CUSIP: 42238D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    295231 | NS      | $8605983.65   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Hexcel Corp                            | Hexcel Corp                                                                 | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |    254265 | NS      | $18790183.50  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                            | IDACORP Inc                                                                 | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |    325544 | NS      | $41200848.64  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                       | Knife River Corp                                                            | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    186792 | NS      | $13140817.20  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                               | Lyft Inc                                                                    | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    954249 | NS      | $18483803.13  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                      | Steven Madden Ltd                                                           | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |    991265 | NS      | $41276274.60  | 2.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Morgan Stanley & Co. LLC               | Morgan Stanley Institutional Liquidity Funds - Government Portfolio         | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |      9973 | NS      | $9973.19      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                    | Meritage Homes Corp                                                         | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |    153751 | NS      | $10116815.80  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                              | nCino Inc                                                                   | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |    353563 | NS      | $9065355.32   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Old National Bancorp/IN                | Old National Bancorp/IN                                                     | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |   1414281 | NS      | $31552609.11  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                 | Option Care Health Inc                                                      | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |   1289271 | NS      | $41076174.06  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                      | Post Holdings Inc                                                           | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |    210255 | NS      | $20825757.75  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                   | Quaker Chemical Corp                                                        | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |    282420 | NS      | $38779090.20  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc          | Rexford Industrial Realty Inc                                               | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |    377146 | NS      | $14603093.12  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                       | SPS Commerce Inc                                                            | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |    117821 | NS      | $10501385.73  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                         | A O Smith Corp                                                              | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |    566646 | NS      | $37897284.48  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                   | SOUTHSTATE BANK CORP                                                        | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |    513649 | NS      | $48339507.39  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                  | Stifel Financial Corp                                                       | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    343639 | NS      | $43030475.58  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc                | Stock Yards Bancorp Inc                                                     | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |     63933 | NS      | $4152448.35   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp              | Taylor Morrison Home Corp                                                   | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    227612 | NS      | $13399518.44  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                    | Terreno Realty Corp                                                         | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               |  | US        |    448133 | NS      | $26309888.43  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc             | Thermon Group Holdings Inc                                                  | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |    573591 | NS      | $21314641.56  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy Inc                | US Physical Therapy Inc                                                     | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |    566400 | NS      | $44230176.00  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                          | Valvoline Inc                                                               | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |   1353136 | NS      | $39322132.16  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                 | Webster Financial Corp                                                      | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    322730 | NS      | $20312626.20  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc           | Wyndham Hotels & Resorts Inc                                                | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |    685091 | NS      | $51765475.96  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors           | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |  13519528 | NS      | $13519527.50  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd           | Hamilton Insurance Group Ltd                                                | CUSIP: 000000000<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |   1238175 | NS      | $34545082.50  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd    | White Mountains Insurance Group Ltd                                         | CUSIP: 000000000<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |     18927 | NS      | $39330873.81  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                            | Wix.com Ltd                                                                 | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     63237 | NS      | $6569691.93   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** Calvert Impact Fund, Inc.

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer