Calvert Social Index Announces Reconstituted Membership List.Business Editors BETHESDA Bethesda, city, United States Bethesda, uninc. city (1990 pop. 62,936), Montgomery co., W central Md., an affluent residential and commercial suburb of Washington, D.C. The area was settled in the late 17th cent. , Md.--(BUSINESS WIRE)--Sept. 20, 2002 Today, Calvert, released the reconstituted membership list for 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)(Ticker Symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors :CALVIN). The list will be available on Calvert's Web site Monday, September 23, 2002 at http://www.calvert.com/sri_calvertindex.asp. The annual Calvert Social Index reconstitution is effective at the close of business Friday September 20, 2002. The reconstitution has produced 637 component companies. The new Index will have a weighted average market capitalization Weighted Average Market Capitalization A stock market index weighted by the market capitalization of each stock in the index. In such a weighting scheme, larger companies account for a greater portion of the index. of approximately $60 billion, with a median market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $2.2 billion. The three largest sectors in the new Calvert Social Index are Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. at 31.65%, followed by Technology at 20.83%, and Health Care at 19.06%.
Sector Comparison:
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Calvert Social Calvert Social
Index Index
Sector 9/23/2002 Russell S&P 500 9/24/2001
Reconstitution 1000 Reconstitution
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Financial Services 31.65 22.92 21.68 28.46
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Technology 20.83 12.27 12.83 24.90
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Health Care 19.06 15.24 14.66 18.68
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Consumer Discretionary 12.93 14.12 14.38 10.87
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Utilities 4.84 7.09 6.81 8.23
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Consumer Staples 3.49 8.67 9.12 3.03
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Producer Durables 3.22 3.45 3.55 2.63
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Auto & Transportation 1.80 2.38 2.76 1.29
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Material & Processing 1.48 3.43 3.59 0.73
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Other Energy 0.51 1.34 1.40 0.83
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Other 0.18 4.57 4.60 0.35
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Integrated Oils 0.00 4.50 4.62 0.00
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Calvert Social Index Top Ten Holdings as of September 23, 2002:
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Ticker Company Name Percentage of
Index Holdings
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MSFT Microsoft Corporation 4.87
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PFE Pfizer Inc 4.01
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JNJ Johnson & Johnson 3.54
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AIG American International Group, Inc. 2.94
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IBM International Business Machines Corporation 2.6
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MRK Merck & Co., Inc. 2.33
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INTC Intel Corporation 2.23
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BAC Bank of America Corporation 2.01
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CSCO Cisco Systems, Inc. 1.96
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WFC Wells Fargo & Company 1.77
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Calvert is one of the largest mutual fund complexes in the Washington D.C. area with approximately $8.5 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. Calvert launched the Calvert Social Index(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 Social Index Construction The Calvert Social Index is created by taking the 1,000 largest companies in the U.S., representing stocks listed on the NYSE NYSE See: New York Stock Exchange and NASDAQ-AMEX (not including closed-end mutual funds, ADRs, REITS REITS Real Estate Investors of the Tri-States (Harrison, TN) , and non-common shares) and ranks them in descending descending /des·cend·ing/ (de-send´ing) extending inferiorly. order based on their market capitalization. Calvert's Social Research Department analyzes each company in the base of 1,000 companies. A social audit is conducted in the following areas: environment, workplace issues, product safety, community relations 1. The relationship between military and civilian communities. 2. Those public affairs programs that address issues of interest to the general public, business, academia, veterans, Service organizations, military-related associations, and other non-news media entities. , military weapons contracting, international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and human rights, and respecting the rights of indigenous peoples The term indigenous peoples has no universal, standard or fixed definition, but can be used about any ethnic group who inhabit the geographic region with which they have the earliest historical connection. . The stocks that meet Calvert's social criteria make up the Calvert Social Index. The Calvert Social Index includes companies that stand out positively in their environmental policies, actively hire and promote minorities and women, provide a safe and healthy workplace, and produce safe and healthy products. Calvert avoids companies involved with tobacco, firearms This is an extensive list of small arms — pistol, machine gun, grenade launcher, anti-tank rifle — that includes variants. : Top - 0–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A
For more complete information about any Calvert mutual fund, call 800/368-2748 for a free prospectus or go to our Web site at www.calvert.com . Read it carefully before you invest. 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. #3178 rev. (09/02) www.calvert.com |
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