Calvert VP Russell 2000® Small Cap Index Portfolio September 30, 2020 Schedule of Investments (Unaudited) Common Stocks — 95.2% Security Shares Value Auto Components (continued) Security Shares Value Aerospace & Defense — 0.8% LCI Industries 2,130 $ 226,398 Modine Manufacturing Co.(1) 4,047 25,294 AAR Corp. 2,929 $ 55,065 Motorcar Parts of America, Inc.(1) 1,400 21,784 Aerojet Rocketdyne Holdings, Inc.(1) 6,371 254,139 Standard Motor Products, Inc. 1,855 82,826 AeroVironment, Inc.(1) 1,860 111,619 Stoneridge, Inc.(1) 2,174 39,936 Astronics Corp.(1) 2,153 16,621 Tenneco, Inc., Class A(1)(2) 4,240 29,426 Cubic Corp. 2,731 158,862 Visteon Corp.(1) 2,454 169,866 Ducommun, Inc.(1) 914 30,089 VOXX International Corp.(1) 1,752 13,473 Kaman Corp. 2,432 94,775 Workhorse Group, Inc.(1)(2) 8,033 203,074 Kratos Defense & Security Solutions, Inc.(1) 10,345 199,452 XPEL, Inc.(1) 1,474 38,442 (1) Maxar Technologies, Inc. 5,309 132,406 $2,100,455 Moog, Inc., Class A 2,535 161,049 Automobiles — 0.1% National Presto Industries, Inc. 420 34,381 PAE, Inc.(1) 5,218 44,353 Winnebago Industries, Inc. 2,733 $ 141,214 Park Aerospace Corp. 1,804 19,700 $ 141,214 Parsons Corp.(1) 1,992 66,812 Banks — 6.8% Triumph Group, Inc. 4,259 27,726 (1) Vectrus, Inc. 987 37,506 1st Constitution Bancorp 623 $ 7,414 $ 1,444,555 1st Source Corp. 1,262 38,920 Air Freight & Logistics — 0.4% ACNB Corp. 464 9,651 Alerus Financial Corp. 1,321 25,892 Air Transport Services Group, Inc.(1) 5,010 $ 125,551 Allegiance Bancshares, Inc. 1,683 39,332 Atlas Air Worldwide Holdings, Inc.(1) 2,274 138,486 Altabancorp 1,248 25,110 Echo Global Logistics, Inc.(1) 2,286 58,910 Amalgamated Bank, Class A 1,217 12,876 Forward Air Corp. 2,370 135,991 Amerant Bancorp, Inc.(1) 1,707 15,892 Hub Group, Inc., Class A(1) 2,840 142,554 American National Bankshares, Inc. 942 19,707 Radiant Logistics, Inc.(1) 3,434 17,651 Ameris Bancorp 5,860 133,491 $ 619,143 Ames National Corp. 756 12,769 Airlines — 0.3% Arrow Financial Corp. 1,160 29,099 Atlantic Capital Bancshares, Inc.(1) 1,833 20,805 Allegiant Travel Co. 1,137 $ 136,213 Atlantic Union Bankshares Corp. 6,791 145,124 Hawaiian Holdings, Inc. 3,989 51,418 Auburn National BanCorp, Inc.(2) 207 7,506 Mesa Air Group, Inc.(1) 1,804 5,322 Banc of California, Inc. 3,886 39,326 SkyWest, Inc. 4,404 131,503 BancFirst Corp. 1,626 66,406 Spirit Airlines, Inc.(1) 7,640 123,004 Bancorp, Inc. (The)(1) 4,384 37,878 $ 447,460 BancorpSouth Bank 8,815 170,835 Bank First Corp.(2) 510 29,937 Auto Components — 1.2% Bank of Commerce Holdings 1,360 9,479 Adient PLC(1) 7,706 $ 133,545 Bank of Marin Bancorp 1,090 31,566 American Axle & Manufacturing Holdings, Inc.(1) 9,789 56,482 Bank of NT Butterfield & Son, Ltd. (The) 4,331 96,495 Cooper Tire & Rubber Co. 4,505 142,808 Bank of Princeton (The) 486 8,831 Cooper-Standard Holdings, Inc.(1) 1,470 19,419 Bank7 Corp. 280 2,632 Dana, Inc. 12,607 155,318 BankFinancial Corp. 1,183 8,541 Dorman Products, Inc.(1) 2,270 205,163 BankUnited, Inc. 8,109 177,668 Fox Factory Holding Corp.(1) 3,525 262,013 Bankwell Financial Group, Inc. 446 6,311 Gentherm, Inc.(1) 2,898 118,528 Banner Corp. 3,119 100,619 Goodyear Tire & Rubber Co. (The) 20,425 156,660 1 Calvert VP Russell 2000® Small Cap Index Portfolio September 30, 2020 Schedule of Investments (Unaudited) — continued Security Shares Value Security Shares Value Banks (continued) Banks (continued) Bar Harbor Bankshares 1,146 $ 23,550 Eagle Bancorp, Inc. 2,865 $ 76,753 Baycom Corp.(1) 848 8,734 Enterprise Bancorp, Inc. 790 16,606 BCB Bancorp, Inc. 832 6,656 Enterprise Financial Services Corp. 2,151 58,658 Berkshire Hills Bancorp, Inc. 4,064 41,087 Equity Bancshares, Inc., Class A(1) 1,296 20,088 Boston Private Financial Holdings, Inc. 7,071 39,032 Esquire Financial Holdings, Inc.(1) 506 7,590 Bridge Bancorp, Inc. 1,543 26,894 Evans Bancorp, Inc. 406 9,033 Brookline Bancorp, Inc. 7,018 60,671 Farmers & Merchants Bancorp, Inc. 778 15,568 Bryn Mawr Bank Corp. 1,617 40,215 Farmers National Banc Corp. 1,937 21,152 Business First Bancshares, Inc.(2) 1,656 24,840 FB Financial Corp. 2,491 62,574 Byline Bancorp, Inc. 1,998 22,537 Fidelity D&D Bancorp, Inc.(2) 249 12,129 C&F Financial Corp. 251 7,455 Financial Institutions, Inc. 1,360 20,944 Cadence BanCorp 11,225 96,423 First Bancorp, Inc. (The) 691 14,566 California Bancorp, Inc.(1) 669 7,580 First Bancorp. 2,504 52,409 Cambridge Bancorp 500 26,580 First BanCorp. / Puerto Rico 18,815 98,214 Camden National Corp. 1,318 39,837 First Bancshares, Inc. (The) 1,827 38,312 Capital Bancorp, Inc.(1) 525 4,966 First Bank / Hamilton 1,315 8,153 Capital City Bank Group, Inc. 1,232 23,149 First Busey Corp. 4,434 70,456 Capstar Financial Holdings, Inc. 1,274 12,498 First Business Financial Services, Inc. 708 10,117 Carter Bank & Trust(2) 1,998 13,287 First Capital, Inc.(2) 286 16,030 Cathay General Bancorp 6,472 140,313 First Choice Bancorp 879 11,682 CB Financial Services, Inc. 436 8,319 First Commonwealth Financial Corp. 8,496 65,759 CBTX, Inc. 1,510 24,673 First Community Bankshares, Inc. 1,464 26,425 Central Pacific Financial Corp. 2,337 31,713 First Community Corp. / SC 633 8,628 Central Valley Community Bancorp 682 8,423 First Financial Bancorp 8,499 102,030 Century Bancorp, Inc., Class A 277 18,210 First Financial Bankshares, Inc. 11,001 307,038 Chemung Financial Corp. 245 7,073 First Financial Corp. / IN 1,151 36,141 ChoiceOne Financial Services, Inc. 603 15,690 First Foundation, Inc. 3,136 40,987 CIT Group, Inc. 8,716 154,360 First Guaranty Bancshares, Inc. 412 4,989 Citizens & Northern Corp. 1,125 18,270 First Internet Bancorp 680 10,016 Citizens Holding Co. 414 9,282 First Interstate BancSystem, Inc., Class A 3,755 119,597 City Holding Co. 1,429 82,325 First Merchants Corp. 4,879 112,998 Civista Bancshares, Inc. 1,318 16,501 First Mid Bancshares, Inc. 1,248 31,138 CNB Financial Corp. 1,282 19,063 First Midwest Bancorp, Inc. 10,072 108,576 Coastal Financial Corp.(1) 530 6,492 First Northwest Bancorp 864 8,554 Codorus Valley Bancorp, Inc. 729 9,550 First of Long Island Corp. (The) 2,051 30,375 Colony Bankcorp, Inc. 655 7,041 First Savings Financial Group, Inc. 165 8,966 Columbia Banking System, Inc. 6,444 153,689 First United Corp. 593 6,944 Community Bank System, Inc. 4,431 241,312 First Western Financial, Inc.(1) 552 7,148 Community Bankers Trust Corp. 1,884 9,571 Flushing Financial Corp. 2,270 23,880 Community Financial Corp. (The) 347 7,408 FNCB Bancorp, Inc. 1,509 8,028 Community Trust Bancorp, Inc. 1,316 37,190 Franklin Financial Services Corp. 369 7,889 ConnectOne Bancorp, Inc. 2,830 39,818 Fulton Financial Corp. 14,198 132,467 County Bancorp, Inc. 442 8,310 FVCBankcorp, Inc.(1) 1,064 10,640 CrossFirst Bankshares, Inc.(1) 4,100 35,629 German American Bancorp, Inc. 2,058 55,854 Customers Bancorp, Inc.(1) 2,287 25,614 Glacier Bancorp, Inc. 8,164 261,656 CVB Financial Corp. 11,420 189,915 Great Southern Bancorp, Inc. 940 34,047 Eagle Bancorp Montana, Inc. 556 9,797 Great Western Bancorp, Inc. 4,997 62,213 2 Calvert VP Russell 2000® Small Cap Index Portfolio September 30, 2020 Schedule of Investments (Unaudited) — continued Security Shares Value Security Shares Value Banks (continued) Banks (continued) Guaranty Bancshares, Inc. 666 $ 16,577 Oak Valley Bancorp(2) 573 $ 6,567 Hancock Whitney Corp. 7,711 145,044 OceanFirst Financial Corp. 4,703 64,384 Hanmi Financial Corp. 2,767 22,717 OFG Bancorp 4,325 53,889 HarborOne Bancorp, Inc.(1) 4,676 37,735 Ohio Valley Banc Corp. 358 7,396 Hawthorn Bancshares, Inc. 518 9,811 Old National Bancorp 14,345 180,173 HBT Financial, Inc. 782 8,774 Old Second Bancorp, Inc. 2,274 17,044 Heartland Financial USA, Inc. 3,037 91,095 Origin Bancorp, Inc. 1,666 35,586 Heritage Commerce Corp. 4,704 31,305 Orrstown Financial Services, Inc. 900 11,520 Heritage Financial Corp. 3,121 57,395 Pacific Premier Bancorp, Inc. 6,814 137,234 Hilltop Holdings, Inc. 6,020 123,892 Park National Corp. 1,267 103,843 Home BancShares, Inc. 13,384 202,901 Parke Bancorp, Inc. 607 7,248 HomeTrust Bancshares, Inc. 1,500 20,370 Partners Bancorp 872 4,909 Hope Bancorp, Inc. 10,521 79,802 PCB Bancorp 976 8,579 Horizon Bancorp 3,088 31,158 Peapack-Gladstone Financial Corp. 1,655 25,073 Howard Bancorp, Inc.(1) 1,153 10,354 Penns Woods Bancorp, Inc. 622 12,347 Independent Bank Corp. 2,918 152,845 Peoples Bancorp of North Carolina, Inc. 408 6,295 Independent Bank Corp. / MI 1,901 23,896 Peoples Bancorp, Inc.