Calvert News & Commentary

Calvert Social Index Announces New Membership List


Contact: Melinda Lovins

Calvert released the reconstituted membership list for the Calvert Social Index®. The list of holdings is available on

The annual Calvert Social Index reconstitution was effective at the close of business on Friday, September 21, 2012. The reconstitution has produced 689 component companies. The reconstituted Index has an average weighted market capitalization of approximately $115.6 billion, versus $116.9 billion for Calvert Social Index as of September 14, 2012 and $109.9 billion for the Russell 1000. As of September 21, 2012, the four largest sectors in the reconstituted Calvert Social Index are Information Technology followed by Financials, Consumer Discretionary, and Consumer Staples.

Calvert Social Index Sector Comparison as of 9/21/2012:

Global Industry Classification Standard (GICS®) Sectors Calvert Social Index
Reconstituted (%) As of 9/14/2012 (%) Russell 1000 (%)
Consumer Discretionary 12.99 12.83 12.07
Consumer Staples 10.26 10.36 9.71
Energy 2.27 2.53 10.72
Financials 16.53 17.40 15.84
Health Care 11.82 11.07 11.38
Industrials 7.94 7.98 10.50
Information Technology 32.08 31.78 19.46
Materials 1.53 1.51 3.92
Telecomm Service 3.49 3.47 2.95
Utilities 1.09 1.07 3.45

Calvert Social Index

Top Ten Holdings as of September 21, 2012:

Company Name Ticker % of Index Holdings
Apple Inc. AAPL 7.66
Microsoft Corp. MSFT 2.75
International Business Machines Corp. IBM 2.58
AT&T Inc. T 2.56
Google Inc. Cl A GOOG 2.27
Procter & Gamble Co. PG 2.23
Johnson & Johnson JNJ 2.22
Wells Fargo & Co. WFC 2.00
JPMorgan Chase & Co. JPM 1.81
Coca-Cola Co. KO 1.72

What is the Calvert Social Index?

Calvert, a leader in sustainable and responsible investing, has created the Calvert Social Index, a broad-based, rigorously constructed benchmark for measuring the performance of U.S.- based sustainable and responsible companies.

How is the Calvert Social Index constructed?

Calvert starts by taking the 1,000 largest companies in the US, based on total market capitalization, included in the Dow Jones U.S. Index , which represents the top 95% of U.S. companies based on float-adjusted market capitalization, excluding the smallest and least-liquid stocks. Calvert’s Sustainability Research Department then analyzes each company. A sustainability audit is conducted in the following areas: governance and ethics; environment; workplace; product safety and impact; community relations; international operations and human rights; and indigenous peoples’ rights. The stocks that meet the Index’s sustainable and responsible criteria make up the Calvert Social Index.

Please visit Calvert’s website at for more information on our screening criteria.

About Calvert

Calvert is an investment management company that offers a broad array of mutual funds and separate accounts to institutional investors, retirement plans, and financial intermediaries and their clients. The firm manages over 40 equity, bond, cash, and asset allocation strategies, many of which integrate sustainability and corporate responsibility research as part of their investment mandate. Founded in 1976 and based in Bethesda, Maryland, Calvert manages assets of more than $12 billion as of September 21, 2012. More information is available at

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Calvert mutual funds are underwritten and distributed by Calvert Investment Distributors, Inc., member, FINRA, and subsidiary of Calvert Investments, Inc. 800.368.2748

Calvert Investment Management, Inc. serves as the investment advisor and provides sustainability research for the Calvert mutual funds and institutional investment strategies.

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