HIGH QUALITY SOCIALLY RESPONSIBLE

Strategy Highlights

A sustainable and responsible investment (SRI) approach that evaluates companies according to traditional financial criteria along with corporate social responsibility criteria.

Asset Class:	Large Cap Equity	Holdings Range:	45 – 55
Investment Style:	Conservative Growth	Max Position Size:	5%
Primary Index:	S&P 500	Sector Constraint:	±150% Relative
Inception Date:	October 1, 1998	Annual Turnover:	40 – 50%

Investment Performance (as of 3/31/12)

	Quarter	1 Yr*	3 Yr*	5 Yr*	10 Yr*	Since Inception*
Socially Responsible (Gross)	16.14	7.15	25.70	6.11	5.93	9.30
Socially Responsible (Net)	15.92	6.30	24.72	5.27	5.09	8.42
Standard & Poor's 500 Index	12.59	8.54	23.42	2.01	4.12	4.30

*Annualized. This information is for illustrative purposes only, is subject to change at any time, and should not be considered investment advice or a recommendation to invest in any particular strategy. Annual turnover is based on a representative client account; individual client results may be different. The High Quality Socially Responsible Composite gross returns are presented before management and custody fees but after transaction costs. Custody fees and other expenses would reduce the results shown. Composite net returns are after a maximum annual management fee of 0.80%. Please see the Notes to the Composite section in the GIPS® presentation for additional important information regarding the Composite’s performance history. This information is supplemental to the GIPS® presentation for the Composite which may be accessed by clicking on the GIPS® Disclosure link. Past performance does not predict or guarantee future results. It is not possible to directly invest in an index.

GIPS Disclosure

For General Information:

How to Invest

Offered as a separate account and mutual fund via the Calvert Equity Portfolio (CSIEX).