Keep in mind that investing in small cap funds involves a higher degree of risk due to the volatility of investments. As a result, its performance may deviate from this index. The technology sector involves special risks, such as the faster rate of change and obsolescence of technological advances, and has been among the most volatile sectors of the stock market. The Fund's share price is likely to be more volatile than other funds that do not concentrate in one market sector. Different classes of shares carry different fees and expenses.
Total return represents past performance, which is no guarantee of future results.
Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Different classes of shares carry different fees and expenses. For the Calvert First Government and the Calvert Tax-Free Reserves Money Market Funds, Class A shares are the equivalent of Class O shares in the prospectus. Read the prospectus carefully before you invest.