Calvert Social Investment Bond Fund Receives 2004 Lipper Fund Award.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--March 17, 2004 The Calvert Social Investment Fund Bond Portfolio Class I Shares (CBDIX) is among the winners of the 2004 Lipper Fund Awards, awarded last night at Lipper's headquarters 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 more than $3.0 billion in taxable fixed income portfolios at Calvert. More information on the Calvert Social Investment Bond Fund Portfolio is available at www.calvert.com/funds_profile916.html. 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. , adjusted for volatility, relative to peers, for the overall period ended December 31, 2003. The fund was chosen from among 149 funds. 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 Barbara J. Krumsiek, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 is part of Calvert's family of sixteen 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 is the nation's largest family of socially responsible mutual funds with over $9.9 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 twenty-seven funds, including 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 products in addition to socially and environmentally screened funds, allowing 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 also 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 (TM) a benchmark for measuring the performance of large, U.S.-based socially responsible companies. For more information on Calvert and its products and services, go to www.calvert.com. The following returns are for Calvert Social Investment Fund Bond Portfolio Class I Shares. All time periods are ended 12/31/03. For the one year, the return was 8.77% and since inception on 3/31/00, the return was 8.73%. Total return represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Different classes of shares carry different fees and expenses. Source: Lipper 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 (4838, 3/11/04). |
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