Calvert Bond Portfolio increases investment-grade investments to 80%

By Toni Weeks

San Diego, Nov. 1 - The board of trustees of the Calvert Bond Portfolio approved a change to the portfolio's principal investment strategy, according to a 497 filing with the Securities and Exchange Commission.

Effective Jan. 31, at least 80% of the fund's net assets will be invested in investment-grade debt securities, up from the previous 65%.

The board made the change in order to permit the fund to invest in a broader range of investment-grade debt securities.

Bethesda, Md.-based Calvert Investment Management, Inc. serves as the portfolio's investment adviser.

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