Press release from:
Calvert Launches Two New Asset Allocation Funds, Offering Broad, One-Stop Diversification with Socially-Responsible Investment Options
(CSRwire) BETHESDA, MD -
Calvert, one of the nation's largest families of socially responsible mutual funds, announced the
launch of two new asset allocation funds: the Calvert Conservative Allocation Fund (TICKER: CCLAX)
and the Calvert Moderate Allocation Fund (TICKER: CMAAX). These Fund of Funds provide a one-stop
asset allocation solution for investors seeking diversified exposure to socially responsible
The Calvert Conservative and Moderate Allocation Funds invest exclusively in
up to eleven underlying Calvert mutual funds and follow asset allocation targets reflecting the
Funds' conservative or moderate allocation investment objectives. As the investment advisor to the
new Funds, Calvert Asset Management Company, Inc., is responsible for the management of the fund of
funds, as well as the underlying funds. Ibbotson Associates is working with Calvert as a
consultant, recommending asset allocation targets and underlying Calvert fund allocations. Ibbotson
Associates has been a leading provider of asset allocation research and portfolio model
construction for 25 years. Each fund is subject to asset allocation risk and shares of the
principal risks of each underlying fund in which it invests.
core line-up of equity mutual funds enables us to provide financial professionals and their clients
with two new products that provide broad diversification among socially responsible investment
options," said Calvert Chief Investment Officer, Equities, Steve Falci.
Conservative Allocation Fund seeks to achieve its investment objective by investing 60% to 80% of
its net assets in the CSIF Bond Portfolio, 20% to 40% of its net assets in underlying Calvert
equity funds, and 0% to 10% in the CSIF Money Market Portfolio.
The Calvert Moderate
Allocation Fund seeks to achieve its investment objective by investing 50% to 80% of its net assets
in underlying Calvert funds that invest primarily in equity securities, 20% to 50% of its net
assets in CSIF Bond Portfolio, and 0% to 10% in the CSIF Money Market Portfolio.
Bethesda, Maryland, Calvert has quickly evolved from a single-fund management company in 1976 to a
recognized mutual fund provider with thirty-two funds and over $10 billion in assets under
management for over 400,000 investors. In 1982, Calvert launched its first socially screened mutual
fund and is one of the leaders in the field. In 2000, Calvert created the Calvert Social Index(TM),
a benchmark for measuring the performance of large, U.S.-based socially responsible companies.
Calvert distributes nationwide through major wire house broker/dealers, regional brokerage firms,
financial planning organizations, and bank trust departments. For more information, see www.calvert.com.
For more information on
any Calvert fund, please contact Calvert at 800.368.2748 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.
May lose value. Not FDIC Insured. No Bank Guarantee. Not NCUA/NCUSIF
Insured. No Credit Union Guarantee.
Calvert mutual funds are underwritten and distributed
by Calvert Distributors Inc., member NASD, a subsidiary of Calvert Group, Ltd. (04/05, 5466)