Calvert makes changes to Green Bond Fund to provide flexibility in green investing

By Lisa Kerner

Charlotte, N.C., March 22 – Calvert Investments, Inc.’s board approved changes to the Calvert Green Bond Fund, eliminating the 25% limitation on the fund’s investment in foreign debt securities and changing its primary benchmark to the Barclays 1-3 Month U.S. Treasury Bill index from the Barclays U.S. Aggregate index.

The changes will become effective on May 20, according to a 497 filing with the Securities and Exchange Commission.

The changes are designed to allow the fund’s investment adviser, Calvert Investment Management, Inc., greater flexibility to invest the fund’s assets in green investments, including debt securities of foreign issuers.

Calvert is a Bethesda, Md.-based investment management company with a focus on sustainability.

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