Community Investment Note®

Everyone can invest in solutions to inequality and climate change

For as low as $20, you can invest in big change. Our Community Investment Note® (the Note) is a fixed income security that finances organizations creating positive social and environmental impact in communities around the world. The Note is widely available to US retail and institutional investors through three different purchase channels. Learn more about how to invest below.

Current Brokerage Offerings

CUSIP TERM RATE MATURITY
13162EDN3 1 Year 0.40% 11/30/22
13162EDP8 3 Year 1.00% 11/29/24
13162EDQ6 5 Year 1.50% 11/30/26
13162EDR4 10 Year 2.50% 11/28/31

Asset Class

Fixed income

Inception

1995

Note Balance*

$585,885,697

Financial Return

0.40-2.5% at terms of 1-10 years

Impact

Measured consistently and reported through annual Impact Report, quarterly reports, and monthly e-newsletter

Performance**

100% repayment of principal and interest since inception

Fees

None; investor dollars are not used to pay sales commissions, existing debt, or any other Calvert Impact Capital expenses

* As of Q2 2021
** Past performance is no guarantee of future results. As with all investments, there is risk. Please read our prospectus before investing.

How to Invest

There are three ways to invest in the Community Investment Note®.

Direct online investment

Invest in less than 10 minutes.

Our online investment platform makes it quick and easy for individuals to invest in our Community Investment Note®. You’ll be walked through the following steps:

  1. Registering your email and password
  2. Creating your individual account
  3. Linking your bank account
  4. Purchasing your Note

Once your Note has been purchased, you can manage your investment, set impact and communication preferences, and access monthly statements, reports, and more through our online investment platform.

In order to get started, please create your account through our secure online platform:

Direct mail investment

Invest easily by mail and check.

The Community Investment Note® can be purchased by mailing a completed application and a check for $20.00 or more to our address:

Calvert Impact Capital
7550 Wisconsin Avenue, 8th Floor
Bethesda, Maryland 20814

The application will be processed as soon as it is received, typically within 5-10 business days after it was mailed. You will receive a confirmation once your account has been set up, immediately by email or in the following days if by postal mail (depending on the communication preference you select). You will also be able to access your account, monthly statements, and more online.

To invest by mail, complete the application form:

Brokerage investment

Step 1: Pick an offering

See our current offerings below. Provide the corresponding CUSIP number to your brokerage's fixed income desk to purchase the Note. This table is updated twice a month with current CUSIP numbers. Orders must be placed before these CUSIPs trade at Noon EST on: 11/30/2021

CUSIP TERM RATE MATURITY
13162EDN3 1 Year 0.40% 11/30/22
13162EDP8 3 Year 1.00% 11/29/24
13162EDQ6 5 Year 1.50% 11/30/26
13162EDR4 10 Year 2.50% 11/28/31

Pricing Supplement

Prospectus

Need help?
Call 800-248-0337 to speak with someone on our Investor Relations team.

Step 2: Register your Note

After purchasing a Community Investment Note® through your brokerage firm, you will see it in your brokerage account. Because we do not receive any investor or advisor information from your brokerage firm, you will not receive social impact reporting unless you register your Note. Complete the form below to register your Note and to receive our annual Impact Report. If you have any questions, please call us at 800-248-0337.

Investor Information





Advisor Information (if applicable)





Investment Information






Impact Preferences (optional)

You can target your investment to one of our portfolio sectors using the list below. We use this to align our portfolio deployment and impact with investor interests. This is optional and does not change the risk/exposure or any characteristics of your investments. Please refer to the prospectus for more information.


Direct online investment

Invest in less than 10 minutes.

Our online investment platform makes it quick and easy for individuals to invest in our Community Investment Note®. You’ll be walked through the following steps:

  1. Registering your email and password
  2. Creating your individual account
  3. Linking your bank account
  4. Purchasing your Note

Once your Note has been purchased, you can manage your investment, set impact and communication preferences, and access monthly statements, reports, and more through our online investment platform.

In order to get started, please create your account through our secure online platform:

Direct mail investment

Invest easily by mail and check.

The Community Investment Note® can be purchased by mailing a completed application and a check for $20.00 or more to our address:

Calvert Impact Capital
7550 Wisconsin Avenue, 8th Floor
Bethesda, Maryland 20814

The application will be processed as soon as it is received, typically within 5-10 business days after it was mailed. You will receive a confirmation once your account has been set up, immediately by email or in the following days if by postal mail (depending on the communication preference you select). You will also be able to access your account, monthly statements, and more online.

To invest by mail, complete the application form:

Brokerage investment

Step 1: Pick an offering

See our current offerings below. Provide the corresponding CUSIP number to your brokerage's fixed income desk to purchase the Note. This table is updated twice a month with current CUSIP numbers. Orders must be placed before these CUSIPs trade at Noon EST on: 11/30/2021

CUSIP TERM RATE MATURITY
13162EDN3 1 Year 0.40% 11/30/22
13162EDP8 3 Year 1.00% 11/29/24
13162EDQ6 5 Year 1.50% 11/30/26
13162EDR4 10 Year 2.50% 11/28/31

Pricing Supplement

Prospectus

Need help?
Call 800-248-0337 to speak with someone on our Investor Relations team.

Step 2: Register your Note

After purchasing a Community Investment Note® through your brokerage firm, you will see it in your brokerage account. Because we do not receive any investor or advisor information from your brokerage firm, you will not receive social impact reporting unless you register your Note. Complete the form below to register your Note and to receive our annual Impact Report. If you have any questions, please call us at 800-248-0337.

Investor Information





Advisor Information (if applicable)





Investment Information






Impact Preferences (optional)

You can target your investment to one of our portfolio sectors using the list below. We use this to align our portfolio deployment and impact with investor interests. This is optional and does not change the risk/exposure or any characteristics of your investments. Please refer to the prospectus for more information.


Download More Information

Please refer to the following documents for more information on the Community Investment Note®.

Frequently Asked Questions

Community Investment Notes are debt securities issued by Calvert Impact Capital that channel capital to high-impact community development initiatives in the U.S. and around the world. Please read the Community Investment Note prospectus for more specific information.


There are three ways to purchase Community Investment Notes:

  1. Online starting at $20.
  2. Sending us an application along with a check for $20 or more
  3. Purchasing in a brokerage account by calling your brokerage’s fixed income desk with a current CUSIP.

Like all financial institutions, Calvert Impact Capital is required to verify personal information for all those wishing to conduct transactions with it. This is commonly referred to as “Know Your Customer,” and represents the procedures we are required to go through to verify the identity of our investors and institutional officers.


Yes! You can purchase the Note in self-directed Individual Retirement Accounts (IRAs) at brokerage firms. The following retirement accounts have the option of being self-directed: a traditional IRA, Roth IRA, Rollover IRA, Educational IRA, and SEP IRA.


Yes, you can target your Calvert Impact Capital account to one or more of our nine impact sectors and other portfolio initiatives. You can do this online in the Impact Preferences section of your account, indicate it on an application, or by registering your brokerage Note. This informs how we allocate portfolio dollars, but does not provide direct or sole exposure to the targeted sector or initiative. Per Calvert Impact Capital's prospectus, all investments in the Notes are subject to the same risk and supported by Calvert Impact Capital's overall portfolio management practices and capitalization.


Please contact us at info@calvertimpactcapital.org to say you’d like online access, and we’ll set you up and answer any of your questions.


Visit https://invest.calvertimpactcapital.org/#/reset-password to reset your password. Calvert Impact Capital will never have access to, nor ask you for, your password.


Calvert Impact Capital does not receive client information from brokerage firms, but rest assured that we have put your money to work. Please register your Community Investment Note (by filling out the form under the "Brokerage" tab above) to make sure we can service you better and provide impact reporting.


You can’t deposit to or increase the principal balance of an existing Note, but you can always buy a new Note or reinvest an upcoming interest payment in a new Note in the same account. Any new investment will increase your account balance and can all be managed online or by contacting us.


As Community Investment Note proceeds are lent to our impact partners, investors should plan to hold their Note until maturity. There are no rights of early redemption, other than as set forth in the Survivor’s Option if an investor should pass away (see prospectus for details).


Calvert Impact Capital takes the security of our customers seriously through various levels of data encryption, user and password authentication, and continuous monitoring and testing for any vulnerabilities. We will never have access to, nor ask you for, your password.