NPORT-EX 2 NPORT_D894_13691551_0921.htm
Calvert
VP S&P 500® Index Portfolio
September 30, 2021
Schedule of Investments (Unaudited)
Common Stocks — 97.4%
    
Security Shares Value
Aerospace & Defense — 1.5%  
Boeing Co. (The)(1)       7,420 $  1,631,955
General Dynamics Corp.       3,127     612,986
Howmet Aerospace, Inc.       5,401     168,511
Huntington Ingalls Industries, Inc.         562     108,500
L3Harris Technologies, Inc.       2,706     595,969
Lockheed Martin Corp.       3,341   1,152,979
Northrop Grumman Corp.       2,045     736,507
Raytheon Technologies Corp.      20,306   1,745,504
Textron, Inc.   3,141 219,273
TransDigm Group, Inc.(1)   705 440,322
      $7,412,506
Air Freight & Logistics — 0.6%  
C.H. Robinson Worldwide, Inc.   1,852 $161,124
Expeditors International of Washington, Inc.   2,344 279,241
FedEx Corp.   3,375 740,104
United Parcel Service, Inc., Class B   9,881 1,799,330
      $2,979,799
Airlines — 0.3%  
Alaska Air Group, Inc.(1)   1,813 $106,242
American Airlines Group, Inc.(1)   8,946 183,572
Delta Air Lines, Inc.(1)   8,832 376,332
Southwest Airlines Co.(1)   8,175 420,440
United Airlines Holdings, Inc.(1)   4,451 211,734
      $1,298,320
Auto Components — 0.1%  
Aptiv PLC(1)   3,737 $556,701
BorgWarner, Inc.   3,308 142,939
      $699,640
Automobiles — 2.0%  
Ford Motor Co.(1)   54,082 $765,801
General Motors Co.(1)   19,550 1,030,480
Tesla, Inc.(1)   11,006 8,534,933
      $10,331,214
Banks — 4.3%  
Bank of America Corp.   100,322 $4,258,669
Citigroup, Inc.   27,294 1,915,493
Citizens Financial Group, Inc.   5,818 273,330
Comerica, Inc.   1,907 153,513
Fifth Third Bancorp   9,617 408,145
Security Shares Value
Banks (continued)  
First Republic Bank       2,404 $    463,684
Huntington Bancshares, Inc.      20,528     317,363
JPMorgan Chase & Co.      40,430   6,617,987
KeyCorp      13,258     286,638
M&T Bank Corp.       1,842     275,084
People's United Financial, Inc.       6,514     113,800
PNC Financial Services Group, Inc. (The)       5,723   1,119,648
Regions Financial Corp.      13,132     279,843
SVB Financial Group(1)   804 520,091
Truist Financial Corp.   17,976 1,054,292
U.S. Bancorp   18,169 1,079,965
Wells Fargo & Co.   55,704 2,585,223
Zions Bancorp NA   2,238 138,510
      $21,861,278
Beverages — 1.3%  
Brown-Forman Corp., Class B   2,656 $177,979
Coca-Cola Co. (The)   52,672 2,763,700
Constellation Brands, Inc., Class A   2,266 477,423
Molson Coors Beverage Co., Class B   2,573 119,336
Monster Beverage Corp.(1)   5,116 454,454
PepsiCo, Inc.   18,737 2,818,232
      $6,811,124
Biotechnology — 1.9%  
AbbVie, Inc.   23,968 $2,585,428
Amgen, Inc.   7,647 1,626,135
Biogen, Inc.(1)   2,057 582,111
Gilead Sciences, Inc.   16,885 1,179,417
Incyte Corp.(1)   2,708 186,256
Moderna, Inc.(1)   4,729 1,820,003
Regeneron Pharmaceuticals, Inc.(1)   1,430 865,407
Vertex Pharmaceuticals, Inc.(1)   3,494 633,777
      $9,478,534
Building Products — 0.5%  
A.O. Smith Corp.   1,837 $112,186
Allegion PLC   1,256 166,018
Carrier Global Corp.   11,685 604,816
Fortune Brands Home & Security, Inc.   1,933 172,849
Johnson Controls International PLC   9,591 652,955
Masco Corp.   3,559 197,702
Trane Technologies PLC   3,200 552,480
      $2,459,006
 
1

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2021
Schedule of Investments (Unaudited) — continued
Security Shares Value
Capital Markets — 2.9%  
Ameriprise Financial, Inc.       1,532 $    404,632
Bank of New York Mellon Corp. (The)      10,694     554,377
BlackRock, Inc.       1,938   1,625,323
Cboe Global Markets, Inc.       1,484     183,808
Charles Schwab Corp. (The)      20,216   1,472,534
CME Group, Inc.       4,836     935,186
Franklin Resources, Inc.       3,777     112,252
Goldman Sachs Group, Inc. (The)       4,540   1,716,256
Intercontinental Exchange, Inc.   7,584 870,795
Invesco, Ltd.   4,598 110,858
MarketAxess Holdings, Inc.   519 218,338
Moody's Corp.   2,182 774,850
Morgan Stanley(2)   19,657 1,912,823
MSCI, Inc.   1,110 675,257
Nasdaq, Inc.   1,596 308,060
Northern Trust Corp.   2,843 306,504
Raymond James Financial, Inc.   2,544 234,760
S&P Global, Inc.   3,245 1,378,768
State Street Corp.   4,956 419,872
T. Rowe Price Group, Inc.   3,056 601,115
      $14,816,368
Chemicals — 1.7%  
Air Products & Chemicals, Inc.   2,981 $763,464
Albemarle Corp.   1,594 349,038
Celanese Corp.   1,539 231,835
CF Industries Holdings, Inc.   2,962 165,339
Corteva, Inc.   9,887 416,045
Dow, Inc.   10,313 593,616
DuPont de Nemours, Inc.   7,269 494,219
Eastman Chemical Co.   1,880 189,391
Ecolab, Inc.   3,352 699,294
FMC Corp.   1,790 163,893
International Flavors & Fragrances, Inc.   3,442 460,264
Linde PLC   7,007 2,055,714
LyondellBasell Industries NV, Class A   3,561 334,200
Mosaic Co. (The)   4,721 168,634
PPG Industries, Inc.   3,279 468,930
Sherwin-Williams Co. (The)   3,270 914,717
      $8,468,593
Commercial Services & Supplies — 0.4%  
Cintas Corp.   1,221 $464,786
Copart, Inc.(1)   2,844 394,520
Republic Services, Inc.   2,876 345,292
Rollins, Inc.   3,334 117,790
Security Shares Value
Commercial Services & Supplies (continued)  
Waste Management, Inc.       5,217 $    779,211
      $  2,101,599
Communications Equipment — 0.8%  
Arista Networks, Inc.(1)         751 $    258,074
Cisco Systems, Inc.      57,091   3,107,463
F5 Networks, Inc.(1)         853     169,559
Juniper Networks, Inc.       4,542     124,996
Motorola Solutions, Inc.       2,339     543,396
      $4,203,488
Construction & Engineering — 0.0%(3)  
Quanta Services, Inc.   1,915 $217,965
      $217,965
Construction Materials — 0.1%  
Martin Marietta Materials, Inc.   852 $291,111
Vulcan Materials Co.   1,812 306,518
      $597,629
Consumer Finance — 0.7%  
American Express Co.   8,666 $1,451,815
Capital One Financial Corp.   6,008 973,116
Discover Financial Services   4,033 495,454
Synchrony Financial   7,734 378,038
      $3,298,423
Containers & Packaging — 0.3%  
Amcor PLC   21,062 $244,109
Avery Dennison Corp.   1,149 238,084
Ball Corp.   4,538 408,284
International Paper Co.   5,351 299,228
Packaging Corp. of America   1,312 180,321
Sealed Air Corp.   2,076 113,744
WestRock Co.   3,635 181,132
      $1,664,902
Distributors — 0.1%  
Genuine Parts Co.   1,998 $242,218
LKQ Corp.(1)   3,862 194,336
Pool Corp.   557 241,966
      $678,520
Diversified Financial Services — 1.4%  
Berkshire Hathaway, Inc., Class B(1)   25,158 $6,866,625
      $6,866,625
 
2

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2021
Schedule of Investments (Unaudited) — continued
Security Shares Value
Diversified Telecommunication Services — 1.1%  
AT&T, Inc.      96,847 $  2,615,838
Lumen Technologies, Inc.      14,367     178,007
Verizon Communications, Inc.      56,103   3,030,123
      $  5,823,968
Electric Utilities — 1.5%  
Alliant Energy Corp.       3,417 $    191,284
American Electric Power Co., Inc.       6,873     557,950
Duke Energy Corp.      10,508   1,025,476
Edison International   5,183 287,501
Entergy Corp.   2,775 275,585
Evergy, Inc.   3,141 195,370
Eversource Energy   4,747 388,115
Exelon Corp.   13,168 636,541
FirstEnergy Corp.   7,518 267,791
NextEra Energy, Inc.   26,618 2,090,045
NRG Energy, Inc.   3,343 136,495
Pinnacle West Capital Corp.   1,540 111,434
PPL Corp.   10,511 293,047
Southern Co. (The)   14,259 883,630
Xcel Energy, Inc.   7,352 459,500
      $7,799,764
Electrical Equipment — 0.5%  
AMETEK, Inc.   3,191 $395,716
Eaton Corp. PLC   5,368 801,496
Emerson Electric Co.   8,050 758,310
Generac Holdings, Inc.(1)   870 355,543
Rockwell Automation, Inc.   1,608 472,816
      $2,783,881
Electronic Equipment, Instruments & Components — 0.7%  
Amphenol Corp., Class A   8,056 $589,941
CDW Corp.   1,915 348,568
Corning, Inc.   10,634 388,034
IPG Photonics Corp.(1)   547 86,645
Keysight Technologies, Inc.(1)   2,517 413,518
TE Connectivity, Ltd.   4,417 606,101
Teledyne Technologies, Inc.(1)   634 272,353
Trimble, Inc.(1)   3,428 281,953
Zebra Technologies Corp., Class A(1)   731 376,772
      $3,363,885
Energy Equipment & Services — 0.2%  
Baker Hughes Co.   11,157 $275,913
Halliburton Co.   12,154 262,769
Security Shares Value
Energy Equipment & Services (continued)  
Schlumberger NV      19,351 $    573,564
      $  1,112,246
Entertainment — 1.9%  
Activision Blizzard, Inc.      10,473 $    810,505
Electronic Arts, Inc.       3,832     545,102
Live Nation Entertainment, Inc.(1)       1,774     161,665
Netflix, Inc.(1)       6,000   3,662,040
Take-Two Interactive Software, Inc.(1)       1,633     251,596
Walt Disney Co. (The)(1)   24,576 4,157,522
      $9,588,430
Equity Real Estate Investment Trusts (REITs) — 2.4%  
Alexandria Real Estate Equities, Inc.   1,874 $358,065
American Tower Corp.   6,129 1,626,698
AvalonBay Communities, Inc.   1,931 427,987
Boston Properties, Inc.   1,962 212,583
Crown Castle International Corp.   5,820 1,008,723
Digital Realty Trust, Inc.   3,847 555,699
Duke Realty Corp.   5,122 245,190
Equinix, Inc.   1,209 955,267
Equity Residential   4,589 371,342
Essex Property Trust, Inc.   899 287,446
Extra Space Storage, Inc.   1,880 315,821
Federal Realty Investment Trust   971 114,568
Healthpeak Properties, Inc.   7,455 249,593
Host Hotels & Resorts, Inc.(1)   10,149 165,733
Iron Mountain, Inc.(4)   3,944 171,367
Kimco Realty Corp.   8,523 176,852
Mid-America Apartment Communities, Inc.   1,564 292,077
Prologis, Inc.   9,955 1,248,656
Public Storage   2,105 625,396
Realty Income Corp.   5,107 331,240
Regency Centers Corp.   2,158 145,298
SBA Communications Corp.   1,513 500,153
Simon Property Group, Inc.   4,546 590,844
UDR, Inc.   3,758 199,099
Ventas, Inc.   5,125 282,951
Vornado Realty Trust   2,404 100,992
Welltower, Inc.   5,776 475,942
Weyerhaeuser Co.   10,235 364,059
      $12,399,641
Food & Staples Retailing — 1.3%  
Costco Wholesale Corp.   5,993 $2,692,955
Kroger Co. (The)   9,157 370,218
 
3

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2021
Schedule of Investments (Unaudited) — continued
Security Shares Value
Food & Staples Retailing (continued)  
Sysco Corp.       7,064 $    554,524
Walgreens Boots Alliance, Inc.       9,925     466,971
Walmart, Inc.      19,375   2,700,487
      $  6,785,155
Food Products — 0.9%  
Archer-Daniels-Midland Co.       7,728 $    463,757
Campbell Soup Co.       2,841     118,782
Conagra Brands, Inc.       6,762     229,029
General Mills, Inc.   8,165 488,430
Hershey Co. (The)   2,028 343,239
Hormel Foods Corp.   4,045 165,845
JM Smucker Co. (The)   1,517 182,086
Kellogg Co.   3,442 220,013
Kraft Heinz Co. (The)   8,856 326,078
Lamb Weston Holdings, Inc.   2,129 130,657
McCormick & Co., Inc.   3,402 275,664
Mondelez International, Inc., Class A   18,824 1,095,180
Tyson Foods, Inc., Class A   4,175 329,574
      $4,368,334
Gas Utilities — 0.0%(3)  
Atmos Energy Corp.   1,785 $157,437
      $157,437
Health Care Equipment & Supplies — 3.7%  
Abbott Laboratories   24,024 $2,837,955
ABIOMED, Inc.(1)   657 213,867
Align Technology, Inc.(1)   997 663,434
Baxter International, Inc.   6,732 541,455
Becton, Dickinson and Co.   3,867 950,586
Boston Scientific Corp.(1)   19,174 831,960
Cooper Cos., Inc. (The)   663 274,024
Danaher Corp.   8,616 2,623,055
DENTSPLY SIRONA, Inc.   3,032 176,008
DexCom, Inc.(1)   1,331 727,871
Edwards Lifesciences Corp.(1)   8,492 961,379
Hologic, Inc.(1)   3,500 258,335
IDEXX Laboratories, Inc.(1)   1,146 712,697
Intuitive Surgical, Inc.(1)   1,601 1,591,634
Medtronic PLC   18,233 2,285,506
ResMed, Inc.   1,988 523,937
STERIS PLC   1,356 277,004
Stryker Corp.   4,530 1,194,652
Teleflex, Inc.   638 240,239
West Pharmaceutical Services, Inc.   1,008 427,936
Security Shares Value
Health Care Equipment & Supplies (continued)  
Zimmer Biomet Holdings, Inc.       2,877 $    421,078
      $ 18,734,612
Health Care Providers & Services — 2.5%  
AmerisourceBergen Corp.       2,040 $    243,678
Anthem, Inc.       3,283   1,223,902
Cardinal Health, Inc.       3,964     196,059
Centene Corp.(1)       8,049     501,533
Cigna Corp.       4,580     916,733
CVS Health Corp.   17,770 1,507,962
DaVita, Inc.(1)   957 111,261
HCA Healthcare, Inc.   3,320 805,830
Henry Schein, Inc.(1)   1,922 146,380
Humana, Inc.   1,731 673,619
Laboratory Corp. of America Holdings(1)   1,334 375,441
McKesson Corp.   2,083 415,309
Quest Diagnostics, Inc.   1,645 239,035
UnitedHealth Group, Inc.   12,763 4,987,015
Universal Health Services, Inc., Class B   1,065 147,364
      $12,491,121
Health Care Technology — 0.1%  
Cerner Corp.   4,116 $290,260
      $290,260
Hotels, Restaurants & Leisure — 2.0%  
Booking Holdings, Inc.(1)   553 $1,312,750
Caesars Entertainment, Inc.(1)   2,882 323,591
Carnival Corp.(1)   10,821 270,633
Chipotle Mexican Grill, Inc.(1)   378 687,023
Darden Restaurants, Inc.   1,787 270,677
Domino's Pizza, Inc.   496 236,572
Expedia Group, Inc.(1)   1,930 316,327
Hilton Worldwide Holdings, Inc.(1)   3,842 507,567
Las Vegas Sands Corp.(1)   4,722 172,825
Marriott International, Inc., Class A(1)   3,682 545,267
McDonald's Corp.   10,132 2,442,927
MGM Resorts International   5,684 245,265
Norwegian Cruise Line Holdings, Ltd.(1)   5,240 139,960
Penn National Gaming, Inc.(1)   2,057 149,050
Royal Caribbean Cruises, Ltd.(1)   3,030 269,518
Starbucks Corp.   15,878 1,751,502
Wynn Resorts, Ltd.(1)(4)   1,413 119,752
Yum! Brands, Inc.   3,981 486,916
      $10,248,122
 
4

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2021
Schedule of Investments (Unaudited) — continued
Security Shares Value
Household Durables — 0.4%  
D.R. Horton, Inc.       4,389 $    368,544
Garmin, Ltd.       2,068     321,491
Leggett & Platt, Inc.       1,820      81,609
Lennar Corp., Class A       3,799     355,890
Mohawk Industries, Inc.(1)         816     144,759
Newell Brands, Inc.       5,171     114,486
NVR, Inc.(1)          45     215,734
PulteGroup, Inc.       3,613     165,909
Whirlpool Corp.   869 177,154
      $1,945,576
Household Products — 1.3%  
Church & Dwight Co., Inc.   3,392 $280,078
Clorox Co. (The)   1,699 281,371
Colgate-Palmolive Co.   11,556 873,403
Kimberly-Clark Corp.   4,535 600,615
Procter & Gamble Co. (The)   32,884 4,597,183
      $6,632,650
Independent Power and Renewable Electricity Producers — 0.0%(3)  
AES Corp. (The)   9,101 $207,776
      $207,776
Industrial Conglomerates — 1.1%  
3M Co.   7,792 $1,366,873
General Electric Co.   14,782 1,522,989
Honeywell International, Inc.   9,297 1,973,567
Roper Technologies, Inc.   1,452 647,781
      $5,511,210
Insurance — 1.9%  
Aflac, Inc.   8,310 $433,200
Allstate Corp. (The)   3,982 506,948
American International Group, Inc.   11,517 632,168
Aon PLC, Class A   3,040 868,741
Arthur J. Gallagher & Co.   2,798 415,923
Assurant, Inc.   863 136,138
Brown & Brown, Inc.   3,148 174,557
Chubb, Ltd.   5,908 1,024,920
Cincinnati Financial Corp.   2,075 237,006
Everest Re Group, Ltd.   548 137,427
Globe Life, Inc.   1,401 124,731
Hartford Financial Services Group, Inc. (The)   4,675 328,419
Lincoln National Corp.   2,497 171,669
Loews Corp.   2,737 147,606
Marsh & McLennan Cos., Inc.   6,823 1,033,207
Security Shares Value
Insurance (continued)  
MetLife, Inc.       9,809 $    605,510
Principal Financial Group, Inc.       3,509     225,980
Progressive Corp. (The)       7,880     712,273
Prudential Financial, Inc.       5,209     547,987
Travelers Cos., Inc. (The)       3,360     510,754
Willis Towers Watson PLC       1,785     414,941
WR Berkley Corp.       1,914     140,066
      $  9,530,171
Interactive Media & Services — 6.5%  
Alphabet, Inc., Class A(1)   4,083 $10,915,982
Alphabet, Inc., Class C(1)   3,822 10,186,815
Facebook, Inc., Class A(1)   32,317 10,968,066
Match Group, Inc.(1)   3,728 585,259
Twitter, Inc.(1)   10,746 648,951
      $33,305,073
Internet & Direct Marketing Retail — 4.0%  
Amazon.com, Inc.(1)   5,911 $19,417,871
eBay, Inc.   8,946 623,268
Etsy, Inc.(1)   1,736 361,019
      $20,402,158
IT Services — 4.8%  
Accenture PLC, Class A   8,600 $2,751,312
Akamai Technologies, Inc.(1)   2,259 236,269
Automatic Data Processing, Inc.   5,697 1,138,944
Broadridge Financial Solutions, Inc.   1,586 264,291
Cognizant Technology Solutions Corp., Class A   7,078 525,258
DXC Technology Co.(1)   3,481 116,996
Fidelity National Information Services, Inc.   8,318 1,012,134
Fiserv, Inc.(1)   8,136 882,756
FleetCor Technologies, Inc.(1)   1,139 297,587
Gartner, Inc.(1)   1,126 342,169
Global Payments, Inc.   3,956 623,387
International Business Machines Corp.   12,070 1,676,885
Jack Henry & Associates, Inc.   1,053 172,755
Mastercard, Inc., Class A   11,802 4,103,319
Paychex, Inc.   4,442 499,503
PayPal Holdings, Inc.(1)   15,919 4,142,283
VeriSign, Inc.(1)   1,354 277,584
Visa, Inc., Class A   22,827 5,084,714
Western Union Co. (The)   5,687 114,991
      $24,263,137
 
5

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2021
Schedule of Investments (Unaudited) — continued
Security Shares Value
Leisure Products — 0.0%(3)  
Hasbro, Inc.       1,748 $    155,957
      $    155,957
Life Sciences Tools & Services — 1.3%  
Agilent Technologies, Inc.       4,086 $    643,668
Bio-Rad Laboratories, Inc., Class A(1)         289     215,579
Bio-Techne Corp.         530     256,822
Charles River Laboratories International, Inc.(1)         700     288,869
Illumina, Inc.(1)       1,976     801,485
IQVIA Holdings, Inc.(1)   2,580 618,013
Mettler-Toledo International, Inc.(1)   311 428,359
PerkinElmer, Inc.   1,531 265,307
Thermo Fisher Scientific, Inc.   5,333 3,046,903
Waters Corp.(1)   826 295,130
      $6,860,135
Machinery — 1.5%  
Caterpillar, Inc.   7,373 $1,415,395
Cummins, Inc.   1,934 434,299
Deere & Co.   3,823 1,280,973
Dover Corp.   1,988 309,134
Fortive Corp.   4,864 343,252
IDEX Corp.   1,050 217,297
Illinois Tool Works, Inc.   3,860 797,592
Ingersoll Rand, Inc.(1)   5,456 275,037
Otis Worldwide Corp.   5,642 464,224
PACCAR, Inc.   4,801 378,895
Parker-Hannifin Corp.   1,786 499,401
Pentair PLC   2,420 175,765
Snap-on, Inc.   750 156,713
Stanley Black & Decker, Inc.   2,275 398,830
Westinghouse Air Brake Technologies Corp.   2,457 211,818
Xylem, Inc.   2,496 308,705
      $7,667,330
Media — 1.2%  
Charter Communications, Inc., Class A(1)   1,708 $1,242,673
Comcast Corp., Class A   62,071 3,471,631
Discovery, Inc., Class A(1)   2,457 62,359
Discovery, Inc., Class C(1)   4,009 97,298
DISH Network Corp., Class A(1)   3,394 147,503
Fox Corp., Class A   4,627 185,589
Fox Corp., Class B   2,402 89,162
Interpublic Group of Cos., Inc. (The)   5,374 197,065
News Corp., Class A   5,344 125,744
News Corp., Class B   2,023 46,994
Security Shares Value
Media (continued)  
Omnicom Group, Inc.       3,092 $    224,046
ViacomCBS, Inc., Class B       8,174     322,955
      $  6,213,019
Metals & Mining — 0.3%  
Freeport-McMoRan, Inc.      20,185 $    656,618
Newmont Corp.      10,762     584,377
Nucor Corp.       3,955     389,528
      $  1,630,523
Multiline Retail — 0.5%  
Dollar General Corp.   3,227 $684,576
Dollar Tree, Inc.(1)   3,169 303,336
Target Corp.   6,662 1,524,066
      $2,511,978
Multi-Utilities — 0.7%  
Ameren Corp.   3,597 $291,357
CenterPoint Energy, Inc.   7,634 187,796
CMS Energy Corp.   4,166 248,835
Consolidated Edison, Inc.   4,683 339,939
Dominion Energy, Inc.   10,888 795,042
DTE Energy Co.   2,646 295,585
NiSource, Inc.   5,358 129,824
Public Service Enterprise Group, Inc.   6,990 425,691
Sempra Energy   4,387 554,956
WEC Energy Group, Inc.   4,365 384,993
      $3,654,018
Oil, Gas & Consumable Fuels — 2.5%  
APA Corp.   5,270 $112,936
Cabot Oil & Gas Corp.   5,460 118,810
Chevron Corp.   26,043 2,642,062
ConocoPhillips   18,033 1,222,096
Devon Energy Corp.   8,137 288,945
Diamondback Energy, Inc.   2,420 229,101
EOG Resources, Inc.   8,076 648,261
Exxon Mobil Corp.   57,367 3,374,327
Hess Corp.   3,781 295,334
Kinder Morgan, Inc.   26,943 450,756
Marathon Oil Corp.   10,767 147,185
Marathon Petroleum Corp.   8,594 531,195
Occidental Petroleum Corp.   11,898 351,943
ONEOK, Inc.   6,158 357,103
Phillips 66   6,045 423,331
Pioneer Natural Resources Co.   3,055 508,688
 
6

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2021
Schedule of Investments (Unaudited) — continued
Security Shares Value
Oil, Gas & Consumable Fuels (continued)  
Valero Energy Corp.       5,654 $    399,003
Williams Cos., Inc. (The)      16,798     435,740
      $ 12,536,816
Personal Products — 0.2%  
Estee Lauder Cos., Inc. (The), Class A       3,168 $    950,178
      $    950,178
Pharmaceuticals — 3.5%  
Bristol-Myers Squibb Co.      29,924 $  1,770,603
Catalent, Inc.(1)   2,327 309,654
Eli Lilly & Co.   10,769 2,488,177
Johnson & Johnson   35,631 5,754,407
Merck & Co., Inc.   34,089 2,560,425
Organon & Co.   3,526 115,618
Pfizer, Inc.   75,973 3,267,599
Viatris, Inc.   16,511 223,724
Zoetis, Inc.   6,382 1,239,001
      $17,729,208
Professional Services — 0.4%  
Equifax, Inc.   1,663 $421,438
IHS Markit, Ltd.   5,368 626,016
Jacobs Engineering Group, Inc.   1,800 238,554
Leidos Holdings, Inc.   1,946 187,069
Nielsen Holdings PLC   4,897 93,973
Robert Half International, Inc.   1,669 167,451
Verisk Analytics, Inc.   2,253 451,208
      $2,185,709
Real Estate Management & Development — 0.1%  
CBRE Group, Inc., Class A(1)   4,644 $452,140
      $452,140
Road & Rail — 0.9%  
CSX Corp.   30,360 $902,906
J.B. Hunt Transport Services, Inc.   1,201 200,831
Kansas City Southern   1,267 342,901
Norfolk Southern Corp.   3,326 795,746
Old Dominion Freight Line, Inc.   1,299 371,488
Union Pacific Corp.   8,782 1,721,360
      $4,335,232
Semiconductors & Semiconductor Equipment — 5.4%  
Advanced Micro Devices, Inc.(1)   16,335 $1,680,871
Analog Devices, Inc.   7,244 1,213,225
Security Shares Value
Semiconductors & Semiconductor Equipment (continued)  
Applied Materials, Inc.      12,308 $  1,584,409
Broadcom, Inc.       5,563   2,697,666
Enphase Energy, Inc.(1)       1,860     278,944
Intel Corp.      54,974   2,929,015
KLA Corp.       2,057     688,087
Lam Research Corp.       1,919   1,092,199
Microchip Technology, Inc.       3,696     567,299
Micron Technology, Inc.      15,160   1,076,057
Monolithic Power Systems, Inc.   581 281,599
NVIDIA Corp.   33,799 7,001,801
NXP Semiconductors NV   3,570 699,256
Qorvo, Inc.(1)   1,538 257,138
QUALCOMM, Inc.   15,190 1,959,206
Skyworks Solutions, Inc.   2,282 376,028
Teradyne, Inc.   2,357 257,314
Texas Instruments, Inc.   12,526 2,407,622
Xilinx, Inc.   3,401 513,517
      $27,561,253
Software — 9.0%  
Adobe, Inc.(1)   6,456 $3,716,848
ANSYS, Inc.(1)   1,191 405,476
Autodesk, Inc.(1)   2,963 844,959
Cadence Design Systems, Inc.(1)   3,727 564,417
Ceridian HCM Holding, Inc.(1)   1,816 204,518
Citrix Systems, Inc.   1,702 182,744
Fortinet, Inc.(1)   1,852 540,858
Intuit, Inc.   3,680 1,985,397
Microsoft Corp.   101,960 28,744,563
NortonLifeLock, Inc.   7,922 200,427
Oracle Corp.   22,183 1,932,805
Paycom Software, Inc.(1)   671 332,648
PTC, Inc.(1)   1,470 176,091
salesforce.com, inc.(1)   13,168 3,571,425
ServiceNow, Inc.(1)   2,668 1,660,216
Synopsys, Inc.(1)   2,055 615,288
Tyler Technologies, Inc.(1)   550 252,257
      $45,930,937
Specialty Retail — 2.2%  
Advance Auto Parts, Inc.   894 $186,748
AutoZone, Inc.(1)   295 500,907
Bath & Body Works, Inc.   3,633 228,988
Best Buy Co., Inc.   3,045 321,887
CarMax, Inc.(1)   2,249 287,782
Gap, Inc. (The)   3,143 71,346
 
7

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2021
Schedule of Investments (Unaudited) — continued
Security Shares Value
Specialty Retail (continued)  
Home Depot, Inc. (The)      14,403 $  4,727,929
Lowe's Cos., Inc.       9,519   1,931,024
O'Reilly Automotive, Inc.(1)         929     567,675
Ross Stores, Inc.       4,927     536,304
TJX Cos., Inc. (The)      16,247   1,071,977
Tractor Supply Co.       1,574     318,908
Ulta Beauty, Inc.(1)         748     269,968
      $ 11,021,443
Technology Hardware, Storage & Peripherals — 6.2%  
Apple, Inc.   213,110 $30,155,065
Hewlett Packard Enterprise Co.   18,725 266,831
HP, Inc.   16,410 448,977
NetApp, Inc.   3,171 284,629
Seagate Technology Holdings PLC   2,780 229,406
Western Digital Corp.(1)   4,186 236,258
      $31,621,166
Textiles, Apparel & Luxury Goods — 0.7%  
Hanesbrands, Inc.   5,429 $93,162
NIKE, Inc., Class B   17,327 2,516,400
PVH Corp.(1)   1,085 111,527
Ralph Lauren Corp.   671 74,508
Tapestry, Inc.   3,845 142,342
Under Armour, Inc., Class A(1)   2,891 58,340
Under Armour, Inc., Class C(1)   2,684 47,024
VF Corp.   4,393 294,287
      $3,337,590
Tobacco — 0.6%  
Altria Group, Inc.   24,834 $1,130,444
Philip Morris International, Inc.   21,148 2,004,619
      $3,135,063
Trading Companies & Distributors — 0.2%  
Fastenal Co.   7,949 $410,248
United Rentals, Inc.(1)   1,024 359,352
W.W. Grainger, Inc.   609 239,374
      $1,008,974
Water Utilities — 0.1%  
American Water Works Co., Inc.   2,479 $419,050
      $419,050
Security Shares Value
Wireless Telecommunication Services — 0.2%  
T-Mobile US, Inc.(1)       7,899 $  1,009,176
      $  1,009,176
Total Common Stocks
(identified cost $163,172,117) 		    $495,917,035
    
Exchange-Traded Funds — 1.0%
    
Security Shares Value
Equity Funds — 1.0%  
SPDR S&P 500 ETF Trust      12,000 $  5,149,680
Total Exchange-Traded Funds
(identified cost $4,653,580) 		    $  5,149,680
    
Short-Term Investments — 1.7%      
Affiliated Fund — 1.5%
Description Units Value
Calvert Cash Reserves Fund, LLC, 0.04%(5)   7,725,696 $  7,726,469
Total Affiliated Fund
(identified cost $7,725,712) 		    $  7,726,469
U.S. Treasury Obligations — 0.2%
Security Principal
Amount
(000's omitted) 		Value
U.S. Treasury Bill, 0.00%, 2/24/22(6) $     1,000 $    999,817
Total U.S. Treasury Obligations
(identified cost $999,726) 		    $    999,817
Total Short-Term Investments
(identified cost $8,725,438) 		    $  8,726,286
Total Investments — 100.1%
(identified cost $176,551,135) 		    $509,793,001
Other Assets, Less Liabilities — (0.1)%     $   (270,788)
Net Assets — 100.0%     $509,522,213
    
The percentage shown for each investment category in the Schedule of Investments is based on net assets.
(1) Non-income producing security.
(2) Represents an investment in an issuer that may be deemed to be an affiliate effective March 1, 2021.
(3) Amount is less than 0.05%.
 
8

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2021
Schedule of Investments (Unaudited) — continued
(4) All or a portion of this security was on loan at September 30, 2021. The aggregate market value of securities on loan at September 30, 2021 was $288,109 and the total market value of the collateral received by the Fund was $296,039, comprised of U.S. government and/or agencies securities.
(5) Affiliated investment company, available to Calvert portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of September 30, 2021.
(6) Security (or a portion thereof) has been pledged to cover margin requirements on open futures contracts.
 
Futures Contracts
Description Number of
Contracts 		Position Expiration
Date 		Notional
Amount 		Value/
Unrealized
Appreciation
(Depreciation)
Equity Futures          
E-mini S&P 500 Index 41 Long 12/17/21 $8,810,388 $(257,378)
          $(257,378)
At September 30, 2021, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.
During the fiscal year to date ended September 30, 2021, the Fund used futures contracts to provide equity market exposure for uncommitted cash balances.
At September 30, 2021, the value of the Fund’s investment in affiliated issuers and funds was $9,639,292, which represents 1.9% of the Fund’s net assets. Transactions in affiliated issuers and funds by the Fund for the fiscal year to date ended September 30, 2021 were as follows:
Name Value,
beginning
of period 		Purchases Sales
proceeds 		Net
realized
gain
(loss) 		Change in
unrealized
appreciation
(depreciation) 		Value,
end of
period 		Dividend
income 		Shares/Units,
end of period
Common Stocks            
Morgan Stanley(1) $ — $    19,755 $   (177,661) $52,555 $373,925 $1,912,823 $21,502 19,657
Short-Term Investments            
Calvert Cash Reserves Fund, LLC 11,649,985 45,323,236 (49,246,316) (1,193)     757 7,726,469  4,120 7,725,696
Totals       $51,362 $374,682 $9,639,292 $25,622  
    
(1) Affiliated issuer as of March 1, 2021.
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.
9

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2021
Schedule of Investments (Unaudited) — continued
The following table summarizes the market value of the Fund's holdings as of September 30, 2021, based on the inputs used to value them:
Asset Description Level 1 Level 2 Level 3 Total
Common Stocks $495,917,035(1) $ — $ — $495,917,035
Exchange-Traded Funds 5,149,680  —  — 5,149,680
Short-Term Investments:        
Affiliated Fund  — 7,726,469  — 7,726,469
U.S. Treasury Obligations  — 999,817  — 999,817
Total Investments $501,066,715 $8,726,286 $ — $509,793,001
Liability Description        
Futures Contracts $(257,378) $ — $ — $(257,378)
Total $(257,378) $ — $ — $(257,378)
    
(1) 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 financial statements included in its semiannual or annual report to shareholders.
10