Calvert Impact Fund Inc.

10/19/2026 | Press release | Distributed by Public on 10/19/2026 14:14

Summary Prospectus by Investment Company (Form 497K)

CALVERT BOND FUND

CALVERT CORE BOND FUND

CALVERT GREEN BOND FUND

CALVERT HIGH YIELD BOND FUND

CALVERT INCOME FUND

CALVERT MORTGAGE ACCESS FUND

CALVERT SHORT DURATION INCOME FUND

(collectively, the "Funds")

Supplement to Calvert Green Bond Fund's Summary Prospectus, the Funds' Statutory Prospectus and

Statement of Additional Information ("SAI") dated February 1, 2026

as may be supplemented and/or revised from time to time

The following changes are effective immediately:

1. The following replaces "Portfolio Managers" under "Management" in "Fund Summaries - Calvert Green Bond Fund" in Calvert Green Bond Fund's Summary Prospectus and the Funds' Statutory Prospectus:

Portfolio Managers

Name Title Date Began Managing Fund
Brian S. Ellis, CFA Managing Director of Morgan Stanley and Vice President of CRM November 2015
Vishal Khanduja, CFA Managing Director of Morgan Stanley and Vice President of CRM October 2013
Mihir Shah, CFA Vice President of Morgan Stanley and Vice President of CRM October 19, 2026

2. The following replaces the ninth paragraph under "Management" in "Management and Organization" under "Details of the Funds" in the Funds' Statutory Prospectus:

Green Bond Fund. Pursuant to its investment advisory agreement for the Fund, CRM receives a monthly advisory fee equal to 0.25% annually of the Fund's average daily net assets. For the fiscal year ended September 30, 2025, the effective annual rate of advisory fee paid to CRM was 0.25% of average daily net assets. The portfolio managers of the Fund are Brian S. Ellis, CFA (since November 2015), Vishal Khanduja, CFA (since October 2013) and Mihir Shah, CFA (since October 19, 2026). Mr. Shah is a Vice President of Morgan Stanley and a Vice President of CRM. Prior to joining Morgan Stanley in 2025, Mr. Shah served in a variety of roles across the investment industry, most recently as a Portfolio Analyst for Wellington Management since 2014. Additional information about Messrs. Ellis and Khanduja appears above.

3. The following replaces the tables under "Portfolio Manager(s)." in "Investment Advisory and Administrative Services" in the Funds' SAI:

Number of
All Accounts
Total Assets of
All Accounts
Number of  Accounts
Paying a  Performance Fee
Total Assets of  Accounts
Paying a  Performance  Fee
Justin H. Bourgette, CFA
Registered Investment Companies1 12 $39,208.4 0 $0
Other Pooled Investment Vehicles 19 $4,472.9 0 $0
Other Accounts 17 $10,179.8 1 $312.6
Stephen C. Concannon, CFA
Registered Investment Companies1 7 $10,227.7 0 $0
Other Pooled Investment Vehicles 9 $2,701.5 0 $0
Other Accounts 17 $10,017.0 0 $0
Number of
All Accounts
Total Assets of
All Accounts
Number of  Accounts
Paying a  Performance Fee
Total Assets of  Accounts
Paying a  Performance  Fee
Brian S. Ellis, CFA
Registered Investment Companies1 19 $26,645.8 0 $0
Other Pooled Investment Vehicles 4 $1,195.2 0 $0
Other Accounts 26 $8,810.2 0 $0
Gregory A. Finck2
Registered Investment Companies1 4 $5,130.5 0 $0
Other Pooled Investment Vehicles 7 $408.0 0 $0
Other Accounts 8 $3,999.9 1 $392.2
Bo Hunt
Registered Investment Companies1 8 $11,843.4 0 $0
Other Pooled Investment Vehicles 14 $3,943.4 0 $0
Other Accounts 18 $10,329.6 1 $312.6
Vishal Khanduja, CFA
Registered Investment Companies1 14 $24,620.8 0 $0
Other Pooled Investment Vehicles 15 $10,001.1 0 $0
Other Accounts 43 $10,907.0 5 $2,387.2
Tara O'Brien2
Registered Investment Companies1 1 $2,238.3 0 $0
Other Pooled Investment Vehicles 0 $0 0 $0
Other Accounts 0 $0 0 $0
Mihir Shah, CFA3
Registered Investment Companies1 0 $0 0 $0
Other Pooled Investment Vehicles 0 $0 0 $0
Other Accounts 2 $46.7 0 $0
Andrew Szczurowski4
Registered Investment Companies1 10 $35,387.2 0 $0
Other Pooled Investment Vehicles 1 $163.8 0 $0
Other Accounts 0 $0 0 $0
1 Includes the Fund.
2. As of December 31, 2025.
3. As of August 31, 2026.
4 This portfolio manager serves as portfolio manager of one or more registered investment companies and/or pooled investment vehicles that invest or may invest in one or more underlying registered investment companies and/or separate pooled investment vehicles in the Eaton Vance family of funds. The underlying investment companies may be managed by this portfolio manager or another portfolio manager.
2
Fund Name and Portfolio Managers Dollar Range of Equity Securities
Beneficially Owned in the Fund
Aggregate Dollar Range of Equity
Securities Beneficially Owned in
the Calvert Family of Funds
Bond Fund
Brian S. Ellis, CFA $10,001 - $50,000 $100,001 - $500,000
Vishal Khanduja, CFA $10,001 - $50,000 Over $1,000,000
Core Bond Fund
Brian S. Ellis, CFA $1 - $10,000 $100,001 - $500,000
Vishal Khanduja, CFA $1 - $10,000 Over $1,000,000
Green Bond Fund
Brian S. Ellis, CFA $1 - $10,000 $100,001 - $500,000
Vishal Khanduja, CFA $1 - $10,000 Over $1,000,000
Mihir Shah, CFA1 None None
High Yield Bond Fund
Justin H. Bourgette, CFA None $100,001 - $500,000
Stephen C. Concannon, CFA None None
Bo Hunt None None
Income Fund
Brian S. Ellis, CFA $50,001-$100,000 $100,001 - $500,000
Vishal Khanduja, CFA $10,001 - $50,000 Over $1,000,000
Mortgage Access Fund
Gregory A. Finck2 None None
Tara O'Brien2 None $1 - $10,000
Andrew Szczurowski, CFA $100,001 - $500,000 $100,001 - $500,000
Short Duration Income Fund
Brian S. Ellis, CFA $50,001 - $100,000 $100,001 - $500,000
Vishal Khanduja, CFA $50,001 - $100,000 Over $1,000,000
1 As of August 31, 2026.
2 As of December 31, 2025.
October 19, 2026 48702-00 10.19.26
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Calvert Impact Fund Inc. published this content on October 19, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 19, 2026 at 20:14 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]