NU Online News Service, Feb. 5, 6:45 p.m. – Calvert Group Ltd., Bethesda, Md., has added a sixth portfolio, the Calvert Variable Series Social Equity Portfolio, to its family of socially screened insurance trust portfolios.

Calvert plans to open the portfolio to new investors April 30.

Life insurance companies can add the portfolios to variable annuity programs, to offer options for customers who want fund managers to consider factors such as treatment of workers and compliance with environmental laws when making investments.

The social equity portfolio seeks growth of capital through investments in stocks that meet Calvert’s social criteria, Calvert says.

The manager is Daniel Boone III. Boone already manages $390 million for another portfolio in the family, the Calvert Social Investment Equity Portfolio.

Calvert is also adding a seventh portfolio to the family, the Calvert Series Income Portfolio, which is not socially screened.

The income portfolio seeks to manage long-term income through investments in bonds and other income-producing securities. The manager is Greg Habeeb, who now manages $1.9 billion in taxable fixed-income assets for the Calvert Social Investment Fund Bond Portfolio and the Calvert Income Fund mutual fund.