BETHESDA, Md.--(BUSINESS WIRE)--Calvert Investment Management, Inc. today announced the completion of the merger of Calvert Large Cap Growth Fund (CLGAX) with Calvert Equity Portfolio (CSIEX), effective at the close of business on Friday, September 16, 2011.
The Board of Directors of Calvert Large Cap Growth Fund approved the merger of the Fund with Calvert Equity Portfolio in May 2, 2011. Shareholders of the Calvert Large Cap Growth Fund subsequently approved the merger recommendation at a shareholder meeting held on August 26, 2011.
“We continually evaluate our product line-up to ensure we are meeting evolving client and market demand, generating economies of scale that lead to reasonable expenses, and setting the stage for the best possible performance outcomes,” said Alison Smith, Vice President of Calvert Investment Services, Inc.
For more information on the portfolio management, performance, or characteristics of the Calvert Equity Portfolio, go to http://www.calvert.com/fundProfile.html?fund=919&fundOwner=C.
ABOUT CALVERT INVESTMENTS
A leader in Sustainable and Responsible Investments (SRI), Calvert Investments offers investors among the widest choice of SRI strategies of any investment management company in the United States. Each SRI strategy employs one of three proprietary approaches. Calvert Signature® Strategies integrate two distinct research frameworks: a rigorous review of financial performance plus a thorough assessment of environmental, social and governance performance. Only when a company meets Calvert standards for both frameworks will we consider investing. Calvert Solution® Strategies selectively invest in companies that produce products and services designed to solve some of today's most pressing sustainability challenges. Calvert SAGE™ Strategies emphasize strategic engagement to advance environmental, social and governance performance in companies that may not meet Calvert standards today, but have the potential to improve. More information on Calvert SRI strategies is available at www.Calvert.com/SRI.
Calvert Investment Management, Inc., 4550 Montgomery Avenue, Suite 1000N, Bethesda, MD 20814 (09/11, 11499)*
* Effective 4/30/2011, Calvert Asset Management Company, Inc. will be renamed Calvert Investment Management, Inc.