NPORT-EX 2 NPORT_D894_23507218_0922.htm
Calvert
VP S&P 500® Index Portfolio
September 30, 2022
Schedule of Investments (Unaudited)
Common Stocks — 95.7%
    
Security Shares Value
Aerospace & Defense — 1.6%  
Boeing Co. (The)(1)       6,869 $    831,698
General Dynamics Corp.       2,768     587,287
Howmet Aerospace, Inc.       4,842     149,763
Huntington Ingalls Industries, Inc.         492     108,978
L3Harris Technologies, Inc.       2,414     501,702
Lockheed Martin Corp.       2,939   1,135,306
Northrop Grumman Corp.       1,790     841,873
Raytheon Technologies Corp.      18,356   1,502,622
Textron, Inc.   2,603 151,651
TransDigm Group, Inc.   634 332,736
      $6,143,616
Air Freight & Logistics — 0.6%  
C.H. Robinson Worldwide, Inc.   1,658 $159,682
Expeditors International of Washington, Inc.   2,161 190,838
FedEx Corp.   2,984 443,035
United Parcel Service, Inc., Class B   9,099 1,469,852
      $2,263,407
Airlines — 0.2%  
Alaska Air Group, Inc.(1)   1,813 $70,979
American Airlines Group, Inc.(1)   8,946 107,710
Delta Air Lines, Inc.(1)   8,165 229,110
Southwest Airlines Co.(1)   7,557 233,058
United Airlines Holdings, Inc.(1)   4,021 130,803
      $771,660
Auto Components — 0.1%  
Aptiv PLC(1)   3,334 $260,752
BorgWarner, Inc.   3,308 103,871
      $364,623
Automobiles — 2.5%  
Ford Motor Co.   48,604 $544,365
General Motors Co.   17,944 575,823
Tesla, Inc.(1)   33,114 8,783,488
      $9,903,676
Banks — 3.5%  
Bank of America Corp.   86,616 $2,615,803
Citigroup, Inc.   23,835 993,205
Citizens Financial Group, Inc.   6,337 217,739
Comerica, Inc.   1,732 123,145
Fifth Third Bancorp   8,445 269,902
Security Shares Value
Banks (continued)  
First Republic Bank       2,287 $    298,568
Huntington Bancshares, Inc.      17,749     233,932
JPMorgan Chase & Co.      36,396   3,803,382
KeyCorp      12,206     195,540
M&T Bank Corp.       2,245     395,838
PNC Financial Services Group, Inc. (The)       5,047     754,123
Regions Financial Corp.      12,017     241,181
Signature Bank         795     120,045
SVB Financial Group(1)   727 244,112
Truist Financial Corp.   16,324 710,747
U.S. Bancorp   16,640 670,925
Wells Fargo & Co.   47,120 1,895,167
Zions Bancorp NA   1,934 98,363
      $13,881,717
Beverages — 1.8%  
Brown-Forman Corp., Class B   2,396 $159,502
Coca-Cola Co. (The)   48,350 2,708,567
Constellation Brands, Inc., Class A   1,961 450,403
Keurig Dr Pepper, Inc.   10,456 374,534
Molson Coors Beverage Co., Class B   2,573 123,478
Monster Beverage Corp.(1)   4,706 409,234
PepsiCo, Inc.   17,144 2,798,929
      $7,024,647
Biotechnology — 2.1%  
AbbVie, Inc.   21,952 $2,946,178
Amgen, Inc.   6,653 1,499,586
Biogen, Inc.(1)   1,833 489,411
Gilead Sciences, Inc.   15,425 951,568
Incyte Corp.(1)   2,461 164,001
Moderna, Inc.(1)   4,140 489,555
Regeneron Pharmaceuticals, Inc.(1)   1,319 908,620
Vertex Pharmaceuticals, Inc.(1)   3,156 913,788
      $8,362,707
Building Products — 0.4%  
A.O. Smith Corp.   1,837 $89,241
Allegion PLC   1,081 96,944
Carrier Global Corp.   10,357 368,295
Fortune Brands Home & Security, Inc.   1,732 92,991
Johnson Controls International PLC   8,477 417,238
Masco Corp.   2,775 129,565
Trane Technologies PLC   2,852 412,998
      $1,607,272
 
1

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2022
Schedule of Investments (Unaudited) — continued
Security Shares Value
Capital Markets — 2.8%  
Ameriprise Financial, Inc.       1,375 $    346,431
Bank of New York Mellon Corp. (The)       9,050     348,606
BlackRock, Inc.       1,855   1,020,769
Cboe Global Markets, Inc.       1,329     155,985
Charles Schwab Corp. (The)      18,872   1,356,331
CME Group, Inc.       4,498     796,731
FactSet Research Systems, Inc.         493     197,254
Franklin Resources, Inc.(2)       3,777      81,281
Goldman Sachs Group, Inc. (The)   4,251 1,245,755
Intercontinental Exchange, Inc.   6,986 631,185
Invesco, Ltd.   5,598 76,693
MarketAxess Holdings, Inc.   519 115,472
Moody's Corp.   1,942 472,120
Morgan Stanley(3)   16,660 1,316,307
MSCI, Inc.   991 417,994
Nasdaq, Inc.   4,171 236,412
Northern Trust Corp.   2,650 226,734
Raymond James Financial, Inc.   2,384 235,587
S&P Global, Inc.   4,238 1,294,073
State Street Corp.   4,669 283,922
T. Rowe Price Group, Inc.   2,778 291,718
      $11,147,360
Chemicals — 1.7%  
Air Products & Chemicals, Inc.   2,730 $635,353
Albemarle Corp.   1,492 394,545
Celanese Corp.   1,227 110,847
CF Industries Holdings, Inc.   2,452 236,005
Corteva, Inc.   8,844 505,435
Dow, Inc.   9,111 400,246
DuPont de Nemours, Inc.   6,165 310,716
Eastman Chemical Co.   1,646 116,948
Ecolab, Inc.   3,110 449,146
FMC Corp.   1,617 170,917
International Flavors & Fragrances, Inc.   3,247 294,925
Linde PLC   6,197 1,670,649
LyondellBasell Industries NV, Class A   3,131 235,702
Mosaic Co. (The)   4,249 205,354
PPG Industries, Inc.   2,956 327,200
Sherwin-Williams Co. (The)   2,903 594,389
      $6,658,377
Commercial Services & Supplies — 0.5%  
Cintas Corp.   1,088 $422,351
Copart, Inc.(1)   2,675 284,620
Republic Services, Inc.   2,609 354,928
Security Shares Value
Commercial Services & Supplies (continued)  
Rollins, Inc.       2,835 $     98,318
Waste Management, Inc.       4,629     741,612
      $  1,901,829
Communications Equipment — 0.8%  
Arista Networks, Inc.(1)       3,033 $    342,395
Cisco Systems, Inc.      51,372   2,054,880
F5, Inc.(1)         733     106,087
Juniper Networks, Inc.       3,970     103,697
Motorola Solutions, Inc.   2,093 468,769
      $3,075,828
Construction & Engineering — 0.1%  
Quanta Services, Inc.   1,760 $224,206
      $224,206
Construction Materials — 0.1%  
Martin Marietta Materials, Inc.   796 $256,384
Vulcan Materials Co.   1,693 267,003
      $523,387
Consumer Finance — 0.5%  
American Express Co.   7,382 $995,906
Capital One Financial Corp.   4,724 435,411
Discover Financial Services   3,362 305,673
Synchrony Financial   5,929 167,138
      $1,904,128
Containers & Packaging — 0.3%  
Amcor PLC   19,311 $207,207
Avery Dennison Corp.   1,056 171,811
Ball Corp.   4,002 193,377
International Paper Co.   4,455 141,224
Packaging Corp. of America   1,173 131,716
Sealed Air Corp.   2,076 92,403
WestRock Co.   3,189 98,508
      $1,036,246
Distributors — 0.1%  
Genuine Parts Co.   1,741 $259,966
LKQ Corp.   3,516 165,779
Pool Corp.   526 167,379
      $593,124
 
2

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2022
Schedule of Investments (Unaudited) — continued
Security Shares Value
Diversified Financial Services — 1.5%  
Berkshire Hathaway, Inc., Class B(1)      22,459 $  5,997,002
      $  5,997,002
Diversified Telecommunication Services — 0.9%  
AT&T, Inc.      88,643 $  1,359,784
Lumen Technologies, Inc.      12,081      87,950
Verizon Communications, Inc.      52,120   1,978,996
      $  3,426,730
Electric Utilities — 1.9%  
Alliant Energy Corp.   3,139 $166,336
American Electric Power Co., Inc.   6,425 555,441
Constellation Energy Corp.   4,022 334,590
Duke Energy Corp.   9,476 881,458
Edison International   4,847 274,243
Entergy Corp.   2,564 258,015
Evergy, Inc.   2,872 170,597
Eversource Energy   4,264 332,422
Exelon Corp.   12,266 459,484
FirstEnergy Corp.   6,680 247,160
NextEra Energy, Inc.   24,385 1,912,028
NRG Energy, Inc.   2,894 110,753
PG&E Corp.(1)   20,000 250,000
Pinnacle West Capital Corp.   1,540 99,346
PPL Corp.   9,209 233,448
Southern Co. (The)   13,082 889,576
Xcel Energy, Inc.   6,815 436,160
      $7,611,057
Electrical Equipment — 0.5%  
AMETEK, Inc.   2,889 $327,641
Eaton Corp. PLC   4,902 653,731
Emerson Electric Co.   7,277 532,822
Generac Holdings, Inc.(1)   805 143,403
Rockwell Automation, Inc.   1,421 305,671
      $1,963,268
Electronic Equipment, Instruments & Components — 0.6%  
Amphenol Corp., Class A   7,472 $500,325
CDW Corp.   1,664 259,717
Corning, Inc.   9,530 276,561
Keysight Technologies, Inc.(1)   2,277 358,309
TE Connectivity, Ltd.   3,936 434,377
Teledyne Technologies, Inc.(1)   595 200,795
Trimble, Inc.(1)   3,202 173,772
Security Shares Value
Electronic Equipment, Instruments & Components (continued)  
Zebra Technologies Corp., Class A(1)         637 $    166,900
      $  2,370,756
Energy Equipment & Services — 0.3%  
Baker Hughes Co.      12,451 $    260,973
Halliburton Co.      11,463     282,219
Schlumberger NV      17,407     624,911
      $  1,168,103
Entertainment — 1.3%  
Activision Blizzard, Inc.   8,761 $651,293
Electronic Arts, Inc.   3,251 376,173
Live Nation Entertainment, Inc.(1)   1,774 134,895
Netflix, Inc.(1)   5,533 1,302,690
Take-Two Interactive Software, Inc.(1)   2,042 222,578
Walt Disney Co. (The)(1)   22,636 2,135,254
Warner Bros. Discovery, Inc.(1)   27,187 312,650
      $5,135,533
Equity Real Estate Investment Trusts (REITs) — 2.6%  
Alexandria Real Estate Equities, Inc.   1,874 $262,716
American Tower Corp.   5,795 1,244,187
AvalonBay Communities, Inc.   1,750 322,333
Boston Properties, Inc.   1,813 135,921
Camden Property Trust   1,285 153,493
Crown Castle, Inc.   5,329 770,307
Digital Realty Trust, Inc.   3,562 353,279
Duke Realty Corp.   4,811 231,890
Equinix, Inc.   1,121 637,670
Equity Residential   4,359 293,012
Essex Property Trust, Inc.   832 201,535
Extra Space Storage, Inc.   1,648 284,626
Federal Realty Investment Trust   971 87,507
Healthpeak Properties, Inc.   6,880 157,690
Host Hotels & Resorts, Inc.   9,109 144,651
Invitation Homes, Inc.   7,136 240,983
Iron Mountain, Inc.   3,577 157,281
Kimco Realty Corp.   7,823 144,021
Mid-America Apartment Communities, Inc.   1,471 228,108
Prologis, Inc.   9,112 925,779
Public Storage   1,946 569,808
Realty Income Corp.   7,672 446,510
Regency Centers Corp.   2,158 116,208
SBA Communications Corp.   1,349 383,993
Simon Property Group, Inc.   4,109 368,783
UDR, Inc.   3,758 156,746
 
3

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2022
Schedule of Investments (Unaudited) — continued
Security Shares Value
Equity Real Estate Investment Trusts (REITs) (continued)  
Ventas, Inc.       5,125 $    205,871
VICI Properties, Inc.      12,050     359,693
Vornado Realty Trust       2,028      46,968
Welltower, Inc.       5,768     370,998
Weyerhaeuser Co.       9,533     272,262
      $ 10,274,829
Food & Staples Retailing — 1.5%  
Costco Wholesale Corp.       5,496 $  2,595,596
Kroger Co. (The)   8,209 359,144
Sysco Corp.   6,270 443,352
Walgreens Boots Alliance, Inc.   8,971 281,689
Walmart, Inc.   17,697 2,295,301
      $5,975,082
Food Products — 1.1%  
Archer-Daniels-Midland Co.   6,899 $555,024
Campbell Soup Co.   2,478 116,763
Conagra Brands, Inc.   6,120 199,696
General Mills, Inc.   7,331 561,628
Hershey Co. (The)   1,827 402,799
Hormel Foods Corp.   3,699 168,082
JM Smucker Co. (The)   1,382 189,901
Kellogg Co.   3,171 220,892
Kraft Heinz Co. (The)   9,803 326,930
Lamb Weston Holdings, Inc.   1,808 139,903
McCormick & Co., Inc.(2)   3,186 227,066
Mondelez International, Inc., Class A   16,867 924,818
Tyson Foods, Inc., Class A   3,648 240,513
      $4,274,015
Gas Utilities — 0.0%(4)  
Atmos Energy Corp.   1,785 $181,802
      $181,802
Health Care Equipment & Supplies — 2.6%  
Abbott Laboratories   21,747 $2,104,240
ABIOMED, Inc.(1)   596 146,413
Align Technology, Inc.(1)   894 185,156
Baxter International, Inc.   6,387 344,004
Becton, Dickinson and Co.   3,567 794,835
Boston Scientific Corp.(1)   17,619 682,384
Cooper Cos., Inc. (The)   607 160,187
DENTSPLY SIRONA, Inc.   3,032 85,957
DexCom, Inc.(1)   4,944 398,190
Edwards Lifesciences Corp.(1)   7,780 642,861
Security Shares Value
Health Care Equipment & Supplies (continued)  
Hologic, Inc.(1)       3,189 $    205,754
IDEXX Laboratories, Inc.(1)       1,025     333,945
Intuitive Surgical, Inc.(1)       4,395     823,799
Medtronic PLC      16,532   1,334,959
ResMed, Inc.       1,831     399,707
STERIS PLC       1,277     212,340
Stryker Corp.       4,144     839,326
Teleflex, Inc.         638     128,531
Zimmer Biomet Holdings, Inc.   2,665 278,626
      $10,101,214
Health Care Providers & Services — 3.5%  
AmerisourceBergen Corp.   1,921 $259,969
Cardinal Health, Inc.   3,534 235,647
Centene Corp.(1)   7,034 547,316
Cigna Corp.   3,755 1,041,900
CVS Health Corp.   16,317 1,556,152
DaVita, Inc.(1)   786 65,057
Elevance Health, Inc.   2,987 1,356,815
HCA Healthcare, Inc.   2,649 486,860
Henry Schein, Inc.(1)   1,675 110,165
Humana, Inc.   1,583 768,056
Laboratory Corp. of America Holdings   1,113 227,953
McKesson Corp.   1,769 601,230
Molina Healthcare, Inc.(1)   745 245,731
Quest Diagnostics, Inc.   1,518 186,243
UnitedHealth Group, Inc.   11,638 5,877,655
Universal Health Services, Inc., Class B   933 82,272
      $13,649,021
Hotels, Restaurants & Leisure — 1.8%  
Booking Holdings, Inc.(1)   489 $803,530
Caesars Entertainment, Inc.(1)   2,882 92,973
Carnival Corp.(1)(2)   12,221 85,914
Chipotle Mexican Grill, Inc.(1)   342 513,944
Darden Restaurants, Inc.   1,524 192,512
Domino's Pizza, Inc.   451 139,900
Expedia Group, Inc.(1)   1,930 180,822
Hilton Worldwide Holdings, Inc.   3,483 420,119
Las Vegas Sands Corp.(1)   4,044 151,731
Marriott International, Inc., Class A   3,490 489,089
McDonald's Corp.   9,130 2,106,656
MGM Resorts International   4,425 131,511
Norwegian Cruise Line Holdings, Ltd.(1)   5,240 59,526
Royal Caribbean Cruises, Ltd.(1)   2,700 102,330
Starbucks Corp.   14,281 1,203,317
 
4

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2022
Schedule of Investments (Unaudited) — continued
Security Shares Value
Hotels, Restaurants & Leisure (continued)  
Wynn Resorts, Ltd.(1)(2)       1,413 $     89,061
Yum! Brands, Inc.       3,502     372,403
      $  7,135,338
Household Durables — 0.3%  
D.R. Horton, Inc.       4,114 $    277,078
Garmin, Ltd.       2,068     166,081
Lennar Corp., Class A       3,334     248,550
Mohawk Industries, Inc.(1)         700      63,833
Newell Brands, Inc.   5,171 71,825
NVR, Inc.(1)   39 155,496
PulteGroup, Inc.   3,172 118,950
Whirlpool Corp.   671 90,458
      $1,192,271
Household Products — 1.4%  
Church & Dwight Co., Inc.   2,989 $213,534
Clorox Co. (The)   1,570 201,572
Colgate-Palmolive Co.   10,265 721,116
Kimberly-Clark Corp.   4,216 474,469
Procter & Gamble Co. (The)   29,687 3,747,984
      $5,358,675
Independent Power and Renewable Electricity Producers — 0.0%(4)  
AES Corp. (The)   8,456 $191,106
      $191,106
Industrial Conglomerates — 0.8%  
3M Co.   6,813 $752,837
General Electric Co.   13,495 835,475
Honeywell International, Inc.   8,379 1,399,042
      $2,987,354
Insurance — 2.1%  
Aflac, Inc.   7,077 $397,727
Allstate Corp. (The)   3,441 428,508
American International Group, Inc.   9,358 444,318
Aon PLC, Class A   2,596 695,390
Arthur J. Gallagher & Co.   2,659 455,274
Assurant, Inc.   747 108,517
Brown & Brown, Inc.   2,885 174,485
Chubb, Ltd.   5,140 934,863
Cincinnati Financial Corp.   1,912 171,258
Everest Re Group, Ltd.   485 127,283
Globe Life, Inc.   1,226 122,232
Hartford Financial Services Group, Inc. (The)   3,977 246,335
Security Shares Value
Insurance (continued)  
Lincoln National Corp.       1,927 $     84,615
Loews Corp.       2,433     121,261
Marsh & McLennan Cos., Inc.       6,141     916,790
MetLife, Inc.       8,246     501,192
Principal Financial Group, Inc.       2,941     212,193
Progressive Corp. (The)       7,198     836,480
Prudential Financial, Inc.       4,692     402,480
Travelers Cos., Inc. (The)       2,921     447,497
W.R. Berkley Corp.   2,622 169,329
Willis Towers Watson PLC   1,395 280,311
      $8,278,338
Interactive Media & Services — 4.6%  
Alphabet, Inc., Class A(1)   74,537 $7,129,464
Alphabet, Inc., Class C(1)   66,638 6,407,244
Match Group, Inc.(1)   3,728 178,012
Meta Platforms, Inc., Class A(1)   28,335 3,844,493
Twitter, Inc.(1)   8,275 362,776
      $17,921,989
Internet & Direct Marketing Retail — 3.3%  
Amazon.com, Inc.(1)   110,235 $12,456,555
eBay, Inc.   7,005 257,854
Etsy, Inc.(1)   1,617 161,910
      $12,876,319
IT Services — 4.2%  
Accenture PLC, Class A   7,850 $2,019,805
Akamai Technologies, Inc.(1)   2,073 166,503
Automatic Data Processing, Inc.   5,174 1,170,307
Broadridge Financial Solutions, Inc.   1,467 211,717
Cognizant Technology Solutions Corp., Class A   6,372 366,008
DXC Technology Co.(1)   2,829 69,254
EPAM Systems, Inc.(1)   715 258,966
Fidelity National Information Services, Inc.   7,482 565,415
Fiserv, Inc.(1)   7,871 736,490
FleetCor Technologies, Inc.(1)   923 162,605
Gartner, Inc.(1)   973 269,219
Global Payments, Inc.   3,411 368,559
International Business Machines Corp.   11,235 1,334,830
Jack Henry & Associates, Inc.   929 169,329
Mastercard, Inc., Class A   10,585 3,009,739
Paychex, Inc.   4,021 451,196
PayPal Holdings, Inc.(1)   14,393 1,238,806
VeriSign, Inc.(1)   1,149 199,581
 
5

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2022
Schedule of Investments (Unaudited) — continued
Security Shares Value
IT Services (continued)  
Visa, Inc., Class A      20,323 $  3,610,381
      $ 16,378,710
Leisure Products — 0.0%(4)  
Hasbro, Inc.       1,748 $    117,850
      $    117,850
Life Sciences Tools & Services — 1.8%  
Agilent Technologies, Inc.       3,676 $    446,818
Bio-Rad Laboratories, Inc., Class A(1)         289     120,553
Bio-Techne Corp.   530 150,520
Charles River Laboratories International, Inc.(1)   644 126,739
Danaher Corp.   8,127 2,099,123
Illumina, Inc.(1)   1,994 380,435
IQVIA Holdings, Inc.(1)   2,369 429,121
Mettler-Toledo International, Inc.(1)   277 300,301
PerkinElmer, Inc.   1,654 199,026
Thermo Fisher Scientific, Inc.   4,862 2,465,958
Waters Corp.(1)   754 203,226
West Pharmaceutical Services, Inc.   945 232,545
      $7,154,365
Machinery — 1.6%  
Caterpillar, Inc.   6,497 $1,066,028
Cummins, Inc.   1,735 353,090
Deere & Co.   3,463 1,156,261
Dover Corp.   1,888 220,103
Fortive Corp.   4,574 266,664
IDEX Corp.   970 193,854
Illinois Tool Works, Inc.   3,546 640,585
Ingersoll Rand, Inc.   5,080 219,761
Nordson Corp.   700 148,589
Otis Worldwide Corp.   5,172 329,974
PACCAR, Inc.   4,351 364,135
Parker-Hannifin Corp.   1,606 389,150
Pentair PLC   2,169 88,126
Snap-on, Inc.   668 134,502
Stanley Black & Decker, Inc.   1,889 142,072
Westinghouse Air Brake Technologies Corp.   2,238 182,061
Xylem, Inc.   2,300 200,928
      $6,095,883
Media — 0.7%  
Charter Communications, Inc., Class A(1)   1,364 $413,769
Comcast Corp., Class A   54,667 1,603,383
DISH Network Corp., Class A(1)   3,394 46,939
Security Shares Value
Media (continued)  
Fox Corp., Class A       3,772 $    115,725
Fox Corp., Class B       1,942      55,347
Interpublic Group of Cos., Inc. (The)       5,374     137,574
News Corp., Class A       5,344      80,748
News Corp., Class B       2,023      31,195
Omnicom Group, Inc.       2,521     159,050
Paramount Global, Class B       6,215     118,334
      $  2,762,064
Metals & Mining — 0.3%  
Freeport-McMoRan, Inc.   17,599 $480,980
Newmont Corp.   9,931 417,400
Nucor Corp.   3,329 356,170
      $1,254,550
Multiline Retail — 0.5%  
Dollar General Corp.   2,794 $670,169
Dollar Tree, Inc.(1)   2,598 353,588
Target Corp.   5,786 858,584
      $1,882,341
Multi-Utilities — 0.9%  
Ameren Corp.   3,180 $256,149
CenterPoint Energy, Inc.   7,747 218,310
CMS Energy Corp.   3,798 221,195
Consolidated Edison, Inc.   4,433 380,174
Dominion Energy, Inc.   10,333 714,114
DTE Energy Co.   2,472 284,404
NiSource, Inc.   5,358 134,968
Public Service Enterprise Group, Inc.   6,247 351,269
Sempra Energy   3,933 589,714
WEC Energy Group, Inc.   3,947 352,980
      $3,503,277
Oil, Gas & Consumable Fuels — 4.1%  
APA Corp.   4,232 $144,692
Chevron Corp.   22,342 3,209,875
ConocoPhillips   15,822 1,619,223
Coterra Energy, Inc.   9,791 255,741
Devon Energy Corp.   8,058 484,527
Diamondback Energy, Inc.   2,208 265,976
EOG Resources, Inc.   7,329 818,869
EQT Corp.   4,600 187,450
Exxon Mobil Corp.   51,803 4,522,920
Hess Corp.   3,517 383,318
Kinder Morgan, Inc.   24,401 406,033
 
6

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2022
Schedule of Investments (Unaudited) — continued
Security Shares Value
Oil, Gas & Consumable Fuels (continued)  
Marathon Oil Corp.       8,856 $    199,968
Marathon Petroleum Corp.       6,136     609,489
Occidental Petroleum Corp.       9,246     568,167
ONEOK, Inc.       5,499     281,769
Phillips 66       5,968     481,737
Pioneer Natural Resources Co.       2,937     635,948
Valero Energy Corp.       4,849     518,116
Williams Cos., Inc. (The)      15,241     436,350
      $16,030,168
Personal Products — 0.2%  
Estee Lauder Cos., Inc. (The), Class A   2,853 $615,963
      $615,963
Pharmaceuticals — 4.4%  
Bristol-Myers Squibb Co.   26,503 $1,884,098
Catalent, Inc.(1)   2,327 168,382
Eli Lilly & Co.   9,791 3,165,920
Johnson & Johnson   32,731 5,346,936
Merck & Co., Inc.   31,452 2,708,646
Organon & Co.   3,526 82,508
Pfizer, Inc.   69,670 3,048,759
Viatris, Inc.   16,511 140,674
Zoetis, Inc.   5,761 854,299
      $17,400,222
Professional Services — 0.4%  
CoStar Group, Inc.(1)   4,873 $339,404
Equifax, Inc.   1,506 258,174
Jacobs Solutions, Inc.   1,648 178,792
Leidos Holdings, Inc.   1,790 156,571
Nielsen Holdings PLC   4,897 135,745
Robert Half International, Inc.   1,459 111,613
Verisk Analytics, Inc.   1,976 336,967
      $1,517,266
Real Estate Management & Development — 0.1%  
CBRE Group, Inc., Class A(1)   4,090 $276,116
      $276,116
Road & Rail — 0.8%  
CSX Corp.   26,352 $702,017
J.B. Hunt Transport Services, Inc.   1,101 172,219
Norfolk Southern Corp.   2,891 606,098
Old Dominion Freight Line, Inc.   1,149 285,837
Security Shares Value
Road & Rail (continued)  
Union Pacific Corp.       7,765 $  1,512,777
      $  3,278,948
Semiconductors & Semiconductor Equipment — 4.6%  
Advanced Micro Devices, Inc.(1)      20,067 $  1,271,445
Analog Devices, Inc.       6,397     891,358
Applied Materials, Inc.      10,706     877,143
Broadcom, Inc.       5,013   2,225,822
Enphase Energy, Inc.(1)       1,709     474,196
Intel Corp.   51,067 1,315,997
KLA Corp.   1,745 528,089
Lam Research Corp.   1,686 617,076
Microchip Technology, Inc.   6,799 414,943
Micron Technology, Inc.   13,576 680,158
Monolithic Power Systems, Inc.   581 211,135
NVIDIA Corp.   31,109 3,776,321
NXP Semiconductors NV   3,286 484,718
ON Semiconductor Corp.(1)   5,437 338,888
Qorvo, Inc.(1)   1,383 109,824
QUALCOMM, Inc.   13,961 1,577,314
Skyworks Solutions, Inc.   1,975 168,408
SolarEdge Technologies, Inc.(1)   689 159,476
Teradyne, Inc.   2,079 156,237
Texas Instruments, Inc.   11,350 1,756,753
      $18,035,301
Software — 8.2%  
Adobe, Inc.(1)   5,820 $1,601,664
ANSYS, Inc.(1)   1,072 237,662
Autodesk, Inc.(1)   2,674 499,503
Cadence Design Systems, Inc.(1)   3,370 550,759
Ceridian HCM Holding, Inc.(1)   1,816 101,478
Citrix Systems, Inc.   1,535 159,640
Fortinet, Inc.(1)   8,335 409,499
Intuit, Inc.   3,511 1,359,881
Microsoft Corp.   92,815 21,616,614
NortonLifeLock, Inc.   7,922 159,549
Oracle Corp.   18,909 1,154,773
Paycom Software, Inc.(1)   614 202,614
PTC, Inc.(1)   1,317 137,758
Roper Technologies, Inc.   1,346 484,075
Salesforce, Inc.(1)   12,355 1,777,143
ServiceNow, Inc.(1)   2,508 947,046
Synopsys, Inc.(1)   1,916 585,357
Tyler Technologies, Inc.(1)   550 191,125
      $32,176,140
 
7

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2022
Schedule of Investments (Unaudited) — continued
Security Shares Value
Specialty Retail — 2.1%  
Advance Auto Parts, Inc.         795 $    124,290
AutoZone, Inc.(1)         240     514,063
Bath & Body Works, Inc.       2,810      91,606
Best Buy Co., Inc.       2,534     160,504
CarMax, Inc.(1)       2,125     140,293
Home Depot, Inc. (The)      12,748   3,517,683
Lowe's Cos., Inc.       7,951   1,493,277
O'Reilly Automotive, Inc.(1)         785     552,130
Ross Stores, Inc.   4,397 370,535
TJX Cos., Inc. (The)   14,419 895,708
Tractor Supply Co.   1,400 260,232
Ulta Beauty, Inc.(1)   638 255,959
      $8,376,280
Technology Hardware, Storage & Peripherals — 6.9%  
Apple, Inc.   188,050 $25,988,510
Hewlett Packard Enterprise Co.   17,148 205,433
HP, Inc.   11,200 279,104
NetApp, Inc.   2,932 181,344
Seagate Technology Holdings PLC   2,569 136,748
Western Digital Corp.(1)   4,186 136,254
      $26,927,393
Textiles, Apparel & Luxury Goods — 0.4%  
NIKE, Inc., Class B   15,712 $1,305,982
Ralph Lauren Corp.   671 56,988
Tapestry, Inc.   3,368 95,752
VF Corp.   4,118 123,169
      $1,581,891
Tobacco — 0.6%  
Altria Group, Inc.   22,162 $894,901
Philip Morris International, Inc.   19,273 1,599,852
      $2,494,753
Trading Companies & Distributors — 0.2%  
Fastenal Co.   7,203 $331,626
United Rentals, Inc.(1)   861 232,573
W.W. Grainger, Inc.   567 277,371
      $841,570
Water Utilities — 0.1%  
American Water Works Co., Inc.   2,237 $291,168
      $291,168
Security Shares Value
Wireless Telecommunication Services — 0.3%  
T-Mobile US, Inc.(1)       7,490 $  1,004,933
      $  1,004,933
Total Common Stocks
(identified cost $146,297,141) 		    $375,454,764
    
Exchange-Traded Funds — 1.7%
    
Security Shares Value
Equity Funds — 1.7%  
SPDR S&P 500 ETF Trust(2)      19,000 $  6,786,420
Total Exchange-Traded Funds
(identified cost $7,840,885) 		    $  6,786,420
    
Short-Term Investments — 2.7%      
Affiliated Fund — 2.5%
Security Shares Value
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 2.80%(5)   9,774,217 $  9,774,217
Total Affiliated Fund
(identified cost $9,774,217) 		    $  9,774,217
U.S. Treasury Obligations — 0.2%
Security Principal
Amount
(000's omitted) 		Value
U.S. Treasury Bill, 0.00%, 1/26/23(6) $     1,000 $    989,181
Total U.S. Treasury Obligations
(identified cost $997,585) 		    $    989,181
Total Short-Term Investments
(identified cost $10,771,802) 		    $ 10,763,398
Total Investments — 100.1%
(identified cost $164,909,828) 		    $393,004,582
Other Assets, Less Liabilities — (0.1)%     $   (500,711)
Net Assets — 100.0%     $392,503,871
    
 
8

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2022
Schedule of Investments (Unaudited) — continued
The percentage shown for each investment category in the Schedule of Investments is based on net assets.
(1) Non-income producing security.
(2) All or a portion of this security was on loan at September 30, 2022. The aggregate market value of securities on loan at September 30, 2022 was $7,187,226 and the total market value of the collateral received by the Fund was $7,542,543, comprised of U.S. government and/or agencies securities.
(3) Represents an investment in an issuer that may be deemed to be an affiliate.
(4) Amount is less than 0.05%.
(5) May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of September 30, 2022.
(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 58 Long 12/16/22 $10,444,350 $(1,001,815)
          $(1,001,815)
At September 30, 2022, the Fund had sufficient cash and/or securities to cover commitments under open derivative contracts.
During the fiscal year to date ended September 30, 2022, the Fund used futures contracts to provide equity market exposure for uncommitted cash balances.
Affiliated Investments
At September 30, 2022, the value of the Fund’s investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio (Liquidity Fund) and Calvert Cash Reserves Fund, LLC (Cash Reserves Fund) was $11,090,524, which represents 2.8% of the Fund’s net assets. Transactions in affiliated issuers and funds by the Fund for the fiscal year to date ended September 30, 2022 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 		Units/Shares,
end of period
Common Stocks            
Morgan Stanley $ 1,847,273 $    14,764 $   (201,565) $135,558 $(479,723) $ 1,316,307 $ 39,403 16,660
Short-Term Investments            
Cash Reserves Fund 10,524,218 16,619,644 (27,145,290)   1,428  —  —   2,100 —
Liquidity Fund  — 37,654,406 (27,880,189)  —  —  9,774,217  64,450 9,774,217
Total       $136,986 $(479,723) $11,090,524 $105,953  
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.
9

 

Calvert
VP S&P 500® Index Portfolio
September 30, 2022
Schedule of Investments (Unaudited) — continued
The following table summarizes the market value of the Fund's holdings as of September 30, 2022, based on the inputs used to value them:
Asset Description  Level 1  Level 2  Level 3  Total 
Common Stocks $375,454,764(1) $ — $ — $375,454,764
Exchange-Traded Funds 6,786,420  —  — 6,786,420
Short-Term Investments:        
Affiliated Fund 9,774,217  —  — 9,774,217
U.S. Treasury Obligations  — 989,181  — 989,181
Total Investments $392,015,401 $989,181 $ — $393,004,582
Liability Description         
Futures Contracts $(1,001,815) $ — $ — $(1,001,815)
Total $(1,001,815) $ — $ — $(1,001,815)
    
(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