# EDGAR Filing Document

**Accession Number:** 0000708950
**File Stem:** 0000940394-23-000301
**Filing Date:** 2023-2
**Character Count:** 6679
**Document Hash:** 938c3b7cad5d3cec59acdfc2750392df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940394-23-000301.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0000940394-23-000301

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**EFFECTIVENESS DATE**: 20230215

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CALVERT VARIABLE SERIES INC
- **CENTRAL INDEX KEY:** 0000708950
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-80154
- **FILM NUMBER:** 23635089

**BUSINESS ADDRESS:**
- **STREET 1:** 1825 CONNECTICUT AVENUE NW
- **STREET 2:** SUITE 400
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20009
- **BUSINESS PHONE:** 8002256265

**MAIL ADDRESS:**
- **STREET 1:** 1825 CONNECTICUT AVENUE NW
- **STREET 2:** SUITE 400
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20009

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ACACIA CAPITAL CORP
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Calvert VP SRI Balanced Portfolio (Series ID: S000008726)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class I    | C000023784 |
| Class F    | C000135675 |

---

### Calvert VP SRI Mid Cap Portfolio (Series ID: S000008732)

---

|  |  |
|:---|:---|
| Class Name                       | Class ID   |
| Calvert VP SRI Mid Cap Portfolio | C000023790 |

---

## Series and Classes Contracts Data

### Calvert VP SRI Balanced Portfolio (Series ID: S000008726)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000023784 | Class I      |  |
| C000135675 | Class F      |  |

### Calvert VP SRI Mid Cap Portfolio (Series ID: S000008732)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000023790 | Calvert VP SRI Mid Cap Portfolio |  |

CALVERT VP SRI BALANCED PORTFOLIO

CALVERT VP SRI MID CAP PORTFOLIO

Supplement to Prospectus dated May 1, 2022<br>

1. The following replaces "Portfolio Manager." under "Management" in "Fund Summaries – Calvert VP SRI Mid Cap Portfolio":

Portfolio Managers

Michael D. McLean, CFA, Vice President of CRM, has managed the Fund since June 30, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. Griffith Noble, CFA, Vice President of CRM, has managed the Fund since June 30, 2022.

Prachi Samudra, Vice President of CRM, has managed the Fund since December 31, 2022.

2. The following replaces the seventh paragraph under "Management." in "Management and Organization":

The portfolio managers of Calvert VP SRI Mid Cap Portfolio are Michael D. McLean, J. Griffith Noble (each since June 30, 2022) and Prachi Samudra (since December 31, 2022). Messrs. McLean and Noble are Vice Presidents of CRM, have been employees of the Eaton Vance organization for more than five years and manage other funds and portfolios. Ms. Samudra is a Vice President of CRM, has been an employee of the Eaton Vance organization for more than five years and manages another fund.

February 15, 2023 42033 2.15.23

CALVERT VP SRI BALANCED PORTFOLIO

CALVERT VP SRI MID CAP PORTFOLIO

Supplement to Statement of Additional Information dated May 1, 2022

The following replaces the tables under "Portfolio Managers." in "Investment Advisory and Administrative Services":

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Number of<br> All Accounts | Total Assets of<br> All Accounts | Number of Accounts<br> Paying a Performance Fee | Total Assets of Accounts<br> Paying a Performance Fee |
| &nbsp;&nbsp;&nbsp;&nbsp;Brian S. Ellis, CFA<sup>(1)</sup> |  |  |  |  |
| Registered Investment Companies<sup>(2)</sup> | 13 | $12883.9 | 0 | $0 |
| Other Pooled Investment Vehicles | 0 | $0 | 0 | $0 |
| Other Accounts | 6 | $385.2 | 0 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vishal Khanduja, CFA<sup>(1)</sup> |  |  |  |  |
| Registered Investment Companies<sup>(2)</sup> | 13 | $13231.1 | 0 | $0 |
| Other Pooled Investment Vehicles | 0 | $0 | 0 | $0 |
| Other Accounts | 6 | $385.2 | 0 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Charles B. Gaffney<sup>(1)(3)</sup> |  |  |  |  |
| Registered Investment Companies<sup>(2)</sup> | 9 | $5452.4 | 0 | $0 |
| Other Pooled Investment Vehicles | 0 | $0 | 0 | $0 |
| Other Accounts | 0 | $.0 | 0 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Michael D. McLean<sup>(1)(3)</sup> |  |  |  |  |
| Registered Investment Companies<sup>(2)</sup> | 6 | $3330.3 | 0 | $0 |
| Other Pooled Investment Vehicles | 1 | $32.9 | 0 | $0 |
| Other Accounts | 5 | $.231.5 | 1 | $147.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;J. Griffith Noble<sup>(1)(3)</sup> |  |  |  |  |
| Registered Investment Companies<sup>(2)</sup> | 6 | $3330.3 | 0 | $0 |
| Other Pooled Investment Vehicles | 1 | $32.9 | 0 | $0 |
| Other Accounts | 5 | $.231.5 | 1 | $147.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prachi Samudra<sup>(4)</sup> |  |  |  |  |
| Registered Investment Companies<sup>(2)</sup> | 2 | $282.5 | 0 | $0 |
| Other Pooled Investment Vehicles | 0 | $0 | 0 | $0 |
| Other Accounts | 0 | $0 | 0 | $0 |

---

<sup>(1)</sup> This portfolio manager serves as portfolio manager of one or more registered investment companies that invests or may invest in one or more underlying registered investment companies in the Eaton Vance family of funds or other pooled investment vehicles sponsored by Eaton Vance. The underlying investment companies may be managed by this portfolio manager or another portfolio manager.

<sup>(2)</sup> Includes each Fund, as applicable.

<sup>(3)</sup> As of May 31, 2022.

<sup>(4)</sup> As of December 31, 2022.

The following table shows the dollar range of equity securities beneficially owned in a Fund by its portfolio manager(s) as of the Funds' most recent fiscal year ended December 31, 2021 and in the Calvert family of funds as of December 31, 2021.

---

| | | |
|:---|:---|:---|
| Fund Name and<br> Portfolio Managers | Dollar Range of Equity Securities<br> Beneficially Owned in the Fund | Aggregate Dollar Range of Equity<br> Securities Beneficially Owned in the <br> Calvert Family of Funds |
| Calvert VP SRI Balanced Portfolio |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brian S. Ellis |  | $100001 - $500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vishal Khanduja |  | $100001 - $500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Charles B. Gaffney |  | $1 - $10000 |
| Calvert VP SRI Mid Cap Portfolio |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Michael D. McLean | None<sup>(1)</sup> | $1 - $10000 |
| &nbsp;&nbsp;&nbsp;&nbsp;J. Griffith Noble | None<sup>(1)</sup> | $100001 - $500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prachi Samudra | None<sup>(2)</sup> | $10001 - $50000 |

---

<sup>(1)</sup> As of May 31, 2022.

<sup>(2)</sup> As of December 31, 2022.

February 15, 2023