Calvert Social Investment Bond Fund Class I Shares Receives 2007 Lipper Fund Award.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. -- The Calvert Social Investment Fund Bond Portfolio Class I Shares (CBDIX) is among the winners of the 2007 Lipper Fund Awards, given out last night in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The Fund is in the Corporate Debt A-Rated category and is managed by an investment team led by Gregory Habeeb since 1997. Mr. Habeeb is responsible for the implementation and overall strategy of approximately $6.7 billion in taxable fixed income portfolios at Calvert. More information on the Calvert Social Investment Bond Fund Portfolio is available at http://www.calvert.com/instfunds_profile.html ?format=print&fund=797&keepleftnav=fund%20profiles. (Due to the length of this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. , it may be necessary to copy and paste To copy files from one location to another or to copy text and images from one document to another. All modern operating systems and applications have a copy and paste capability that is typically selected from an Edit menu. See cut and paste and Win Copy between windows. this hyperlink A predefined linkage between one object and another. See hypertext. hyperlink - anchor into your Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the browser's URL address field.) Lipper, a leading global mutual fund research firm, presented an award to the fund in each Lipper classification that achieved the highest Consistent Return scores. A fund's Consistent Return score evaluates its risk-adjusted returns Risk-Adjusted Return A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating. Notes: This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. , measured in local currency, relative to peers, for the three-year, five-year, and ten-year periods, as well as overall. This is the third time, in the last four years, that the Calvert Social Investment Fund Bond Portfolio Class I Shares has won the Lipper Award for the three-year period. For the three-year periods ended December 31, 2003, 2005, 2006, the Class I Shares of the Portfolio were chosen from among 154, 152, and 150 funds, respectively. Lipper Fund Awards are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. "The Lipper award underscores the consistency of Calvert's taxable fixed income team, led by Greg Habeeb, in achieving the investment objective of the Calvert Social Bond Fund," said Cathy Roy, Chief Investment Officer of Fixed Income of Calvert. "Greg's approach of seeking out relative value combined with the Fund's social mandate have proven successful for investors seeking high levels of current income through investments that demonstrate a commitment to corporate responsibility," she added. The Calvert Social Investment Fund Bond Portfolio Class I Shares is part of Calvert's family of 20 socially responsible mutual funds that avoid investing in companies that do not meet minimum standards in the areas of product safety, the environment, corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. , workplace safety, human rights, indigenous peoples' rights, and community. Calvert has approximately $14 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. . Calvert offers forty funds that allow 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 maintains 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 [R], a benchmark for measuring the performance of large, U.S.-based socially responsible companies. For more information on Calvert, click on www.calvert.com. Lipper Fund Awards are granted annually to the funds in each Lipper classification that achieve the highest score for Consistent Return, a measure of funds' historical risk-adjusted returns, measured in local currency, relative to peers. Funds registered for sale in a given country are selected, then scores for Consistent Return are computed for all Lipper global classifications with five or more distinct portfolios. The scores are subject to change every month and are calculated for the following periods: three-year, five-year, ten-year, and overall. The highest 20% of funds in each classification are named Lipper Leaders for Consistent Return. The highest Lipper Leader for Consistent Return within each eligible classification determines the fund classification winner over three, five, or ten years. Source: Lipper Inc. Past performance is no guarantee of future results. Please keep in mind investment in mutual funds involves risk, including possible loss of principal invested. Bond funds are subject to credit risk, inflation risk, and interest rate risk. When interest rates rise, the value of fixed income securities generally fall. For more information on any Calvert mutual fund, please call Calvert at 800.818.8397 for a free prospectus. An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing. The prospectus contains this and other information. Read it carefully before you invest or send money. 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 (3/15/07, #6801). |
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