The Calvert Social Investment Fund Bond Portfolio Class I Shares (CBDIX) has been announced here today as among the winners of the 2007 Lipper Fund Awards. The Fund is in the Corporate Debt A-Rated category and is managed by an investment team led by Gregory Habeeb since 1997. It has also been stated, that Mr. Habeeb is the key person responsible for the implementation and overall strategy of approximately $6.7 billion in taxable fixed income portfolios at Calvert.

Lipper is a reputed leading global mutual fund research firm which presented an award to the fund in each Lipper classification that achieved the highest Consistent Return scores amongst all. A fund’s Consistent Return score evaluates its risk-adjusted returns, measured in local currency, relative to peers, for the three-year, five-year, and ten-year periods, as well as overall.
 It is reported that this is the third time, in the last four years that the Calvert Social Investment Fund Bond Portfolio Class I Shares has been able to win the Lipper Award for the three-year period. In this respect, it should be remembered that 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 as the winner of this special category. However, Lipper Fund Awards are not intended to predict future results, and the Company does not even guarantee the accuracy of this information.

Speaking on the occasion, Ms. Cathy Roy, the Chief Investment Officer of Fixed Income of Calvert said,  “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”. “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.

Calvert has an amount about $14 billion in assets under management. The Company offers forty funds for the individual and institutional investors towards pursuing a broad range of investment objectives within a single fund family. Calvert is moreover reputed for retaining the Calvert Social Index®, regarded as a benchmark for measuring the performance of large, U.S.-based socially responsible companies. In addition, the Calvert Social Investment Fund Bond Portfolio Class I Shares is part of Calvert’s family of 20 socially responsible mutual funds designed to avoid investing in companies who fail to meet the minimum standards in the areas of product safety, the environment, corporate governance, workplace safety, human rights, indigenous peoples’ rights, and community.