Calvert Receives Maryland Work-Life Alliance 'Workplace Excellence' Seal.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--Feb. 13, 2003 Today, Calvert, the nation's largest family of socially screened mutual funds, was awarded the "Workplace Excellence" Seal by the Maryland Maryland (mâr`ələnd), one of the Middle Atlantic states of the United States. It is bounded by Delaware and the Atlantic Ocean (E), the District of Columbia (S), Virginia and West Virginia (S, W), and Pennsylvania (N). Work-Life Alliance. The "Workplace Excellence" Seal is awarded to Maryland businesses that demonstrate effective employee work/like programs and polices. "We are pleased to be recognized by Maryland Work-Life Alliance," said Dennis Truskey, vice president of human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . "Maintaining good workplace standards has contributed to our low turnover rate which was 5 percent in 2002," he added. Calvert is often recognized for its work-life benefits. These benefits include: -- Transportation and parking subsidies -- 12 paid days off annually for community service -- Adoption (covers 80% up to $5,000) -- Domestic partner health care subsidy -- Massage Therapy About the Maryland Work-Life Alliance: The Maryland Work-Life Alliance, an expansion of the Montgomery Work-Life Alliance was founded to support the State of Maryland's objective to become a state of choice for quality of life and work by creating 'Excellent Places to Work'. Through the implementation of work-life strategies, employers, together with their employees, will create healthy work environments that support workers to achieve their goals both in the workplace, at home, and their communities. About Calvert: Calvert is one of the largest mutual fund complexes in the Washington D.C. area with approximately $8.7 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. among 29 mutual fund portfolios. Best known for its family of socially responsible mutual funds, Calvert has a full line of funds that allows individual and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. to pursue a broad range of investment objectives within a single fund family. Most recently, Calvert launched the Calvert Social Index The Calvert Social Index is a stock market index created by the Calvert Group as a benchmark of large companies that are considered socially responsible or ethical. It currently consists of 468 companies, weighted by market capitalization, selected from approximately 1,000 of the (TM), the broadest-based, most transparent benchmark in the marketplace for measuring the performance of large, U.S.-based socially responsible companies. Calvert also has an extensive lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. of tax-free and taxable fixed income investments. Calvert mutual funds are underwritten and distributed by Calvert Distributors Inc., member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , a subsidiary of Calvert Group, Ltd. (02/03, 4259) |
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