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Calvert Short Duration Income Fund (CDICX)

Daily Performance (as of 9/8/2010)
Price $16.53
Price Change $-0.01 (-0.06%)
YTD Return (% Sales Charge) 1.87%
YTD Return (No Charge) 2.87%
Average Maturity
(rounded to nearest year or day)
6 Years
Daily 30-Day SEC Yield 1.20%
Fund Facts (as of 9/8/2010)
NASDAQ Symbol CDICX (C Shares)
Calvert Fund Number 623 (C Shares)
CUSIP Number 13161T302 (C Shares)
Assets Under Management $3,380.60 Million
Duration (as of 6/30/2010)
Effective Duration 0.97 Years

Overview

Fund Management

Calvert Asset Management Company, Inc.

Investment Objectives

The Fund seeks to maximize income to the extent consistent with prudent investment management and preservation of capital, through investment in short-term bonds and other income-producing securities. Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risks: the market prices of bonds may decline; the individual bonds in the Fund may not perform as well as expected; and/or the Fund’s portfolio management practices may not work to achieve their desired result. Bond funds are subject to interest rate risk and credit risk. When interest rates rise, the value of fixed-income securities will generally fall. In addition, the credit quality of the securities may deteriorate, which could lead to default or bankruptcy of the issuer where the issuer becomes unable to pay its obligations when due.The Fund is nondiversified and compared to other funds, may invest more of its assets in a smaller number of issuers, so that gains and losses on the bonds of a single issuer may have more impact on the Fund.

Investment Strategy

The Fund uses an active strategy, seeking relative value to earn incremental income. The relative-value approach is used for both the core, longer-term holdings as well as the more actively traded non-core positions. Under normal circumstances, the Fund's average portfolio duration will range from 1 to 3 years. (Duration measures a fund's sensitivity to interest rate changes; longer durations are typically more sensitive to changes.) Typically the Fund invests at least 65% of net assets are in investment grade debt securities, as assessed at the time of purchase. The remaining 35% of the Fund's assets may be in below-investment grade, high-yield debt securities. These securities involve greater risk of default or price declines than investment grade debt securities.


Important Disclosure

Holdings are subject to change.



Performance

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Benchmark Index

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Average Annual Returns (%) for period ending 8/31/2010
Share Class YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since Inception Inception
C Shares (% Sales Charge) 2.00 0.42 4.01 4.84 4.43 n/a 4.51 10/1/2002
C Shares (No Charge) 3.00 1.42 5.01 4.84 4.43 n/a 4.51 10/1/2002
Average Annual Returns (%) for period ending 6/30/2010
Share Class YTD QTD 1 yr 3 yrs 5 yrs 10 yrs Since Inception Inception
C Shares (% Sales Charge) 0.55 -0.49 4.82 4.47 4.23 n/a 4.43 10/1/2002
C Shares (No Charge) 1.55 0.51 5.82 4.47 4.23 n/a 4.43 10/1/2002
Fund Expenses (from Prospectus)
(Performance data quoted above already reflects deduction for Fund operating expenses)
Expense Ratio
(if no waiver reimbursement in effect)
Net Expense Ratio
(if waiver reimbursement in effect)
Gross Expense Ratio
(if waiver reimbursement in effect)
1.86% n/a n/a
Fund Yields
Daily 30-Day SEC Yield: 1.20%

Hypothetical Growth of $10,000

Yearly Percentage Return


Important Disclosure

Returns for Class C shares reflect the deduction of a contingent deferred sales charge of 1% for redemptions within one year.



Pricing & Distribution

Most Recent Distributions

C Shares: Without Sales Charge
Date Type Rate Record Date Ex Date Reinvest Date Reinvest Price
8/27/2010 Dividend 0.02040 8/25/2010 8/26/2010 8/26/2010 16.55
7/30/2010 Dividend 0.02208 7/28/2010 7/29/2010 7/29/2010 16.43
6/25/2010 Dividend 0.02294 6/23/2010 6/24/2010 6/24/2010 16.33
5/28/2010 Dividend 0.01964 5/26/2010 5/27/2010 5/27/2010 16.31
4/30/2010 Dividend 0.02068 4/28/2010 4/29/2010 4/29/2010 16.44
3/26/2010 Dividend 0.02083 3/24/2010 3/25/2010 3/25/2010 16.32
2/26/2010 Dividend 0.02361 2/24/2010 2/25/2010 2/25/2010 16.27
1/29/2010 Dividend 0.02355 1/27/2010 1/28/2010 1/28/2010 16.31
12/24/2009 Dividend 0.02495 12/22/2009 12/23/2009 12/23/2009 16.21
12/3/2009 Short Term Gain 0.22947 12/1/2009 12/2/2009 12/2/2009 16.22
11/25/2009 Dividend 0.02633 11/23/2009 11/24/2009 11/24/2009 16.45
10/30/2009 Dividend 0.02609 10/28/2009 10/29/2009 10/29/2009 16.42
9/25/2009 Dividend 0.02020 9/23/2009 9/24/2009 9/24/2009 16.37
8/28/2009 Dividend 0.02776 8/26/2009 8/27/2009 8/27/2009 16.23
7/31/2009 Dividend 0.01381 7/29/2009 7/30/2009 7/30/2009 16.09
6/26/2009 Dividend 0.02016 6/24/2009 6/25/2009 6/25/2009 15.93
5/29/2009 Dividend 0.02366 5/27/2009 5/28/2009 5/28/2009 15.69
4/30/2009 Dividend 0.02495 4/28/2009 4/29/2009 4/29/2009 15.45
3/27/2009 Dividend 0.03313 3/25/2009 3/26/2009 3/26/2009 15.24
2/27/2009 Dividend 0.04559 2/25/2009 2/26/2009 2/26/2009 15.25
1/30/2009 Dividend 0.04318 1/28/2009 1/29/2009 1/29/2009 15.20
12/24/2008 Dividend 0.04219 12/22/2008 12/23/2008 12/23/2008 15.04
12/4/2008 Short Term Gain 0.12640 12/2/2008 12/3/2008 12/3/2008 15.01
11/26/2008 Dividend 0.04049 11/24/2008 11/25/2008 11/25/2008 15.11
10/30/2008 Dividend 0.03493 10/28/2008 10/29/2008 10/29/2008 15.18
9/26/2008 Dividend 0.03485 9/24/2008 9/25/2008 9/25/2008 15.70
8/28/2008 Dividend 0.03195 8/26/2008 8/27/2008 8/27/2008 15.90
7/31/2008 Dividend 0.03372 7/29/2008 7/30/2008 7/30/2008 15.86
6/27/2008 Dividend 0.03835 6/25/2008 6/26/2008 6/26/2008 15.94
5/30/2008 Dividend 0.04991 5/28/2008 5/29/2008 5/29/2008 15.95
4/25/2008 Dividend 0.05484 4/23/2008 4/24/2008 4/24/2008 15.95
3/28/2008 Dividend 0.05052 3/26/2008 3/27/2008 3/27/2008 16.02
2/28/2008 Dividend 0.05436 2/26/2008 2/27/2008 2/27/2008 16.06
1/31/2008 Dividend 0.05497 1/29/2008 1/30/2008 1/30/2008 16.11
12/28/2007 Dividend 0.05488 12/26/2007 12/27/2007 12/27/2007 15.97
12/7/2007 Long Term Gain 0.01886 12/5/2007 12/6/2007 12/6/2007 16.05
12/7/2007 Short Term Gain 0.10053 12/5/2007 12/6/2007 12/6/2007 16.05
11/29/2007 Dividend 0.05950 11/27/2007 11/28/2007 11/28/2007 16.13
10/26/2007 Dividend 0.05249 10/24/2007 10/25/2007 10/25/2007 16.14
9/28/2007 Dividend 0.05234 9/26/2007 9/27/2007 9/27/2007 16.10
8/30/2007 Dividend 0.04847 8/28/2007 8/29/2007 8/29/2007 16.00
7/27/2007 Dividend 0.04786 7/25/2007 7/26/2007 7/26/2007 16.05
6/29/2007 Dividend 0.04600 6/27/2007 6/28/2007 6/28/2007 16.02
5/31/2007 Dividend 0.04254 5/29/2007 5/30/2007 5/30/2007 16.03
4/27/2007 Dividend 0.04864 4/25/2007 4/26/2007 4/26/2007 16.04
3/30/2007 Dividend 0.04880 3/28/2007 3/29/2007 3/29/2007 16.05
2/23/2007 Dividend 0.05548 2/21/2007 2/22/2007 2/22/2007 16.00
1/26/2007 Dividend 0.05165 1/24/2007 1/25/2007 1/25/2007 15.98
12/28/2006 Dividend 0.04573 12/26/2006 12/27/2006 12/27/2006 16.01
12/8/2006 Long Term Gain 0.00226 12/6/2006 12/7/2006 12/7/2006 16.06
12/8/2006 Short Term Gain 0.08496 12/6/2006 12/7/2006 12/7/2006 16.06
11/22/2006 Dividend 0.04818 11/20/2006 11/21/2006 11/21/2006 16.07
10/27/2006 Dividend 0.04852 10/25/2006 10/26/2006 10/26/2006 16.04
9/28/2006 Dividend 0.04907 9/26/2006 9/27/2006 9/27/2006 16.06
8/25/2006 Dividend 0.04781 8/23/2006 8/24/2006 8/24/2006 16.00
7/28/2006 Dividend 0.04752 7/26/2006 7/27/2006 7/27/2006 15.97
6/29/2006 Dividend 0.04528 6/27/2006 6/28/2006 6/28/2006 15.90
5/26/2006 Dividend 0.04261 5/24/2006 5/25/2006 5/25/2006 15.95
4/27/2006 Dividend 0.04359 4/25/2006 4/26/2006 4/26/2006 15.92
3/30/2006 Dividend 0.03729 3/28/2006 3/29/2006 3/29/2006 15.94
2/24/2006 Dividend 0.04484 2/22/2006 2/23/2006 2/23/2006 15.93
1/27/2006 Dividend 0.04740 1/25/2006 1/26/2006 1/26/2006 15.95
12/29/2005 Dividend 0.03720 12/27/2005 12/28/2005 12/28/2005 15.95
12/9/2005 Long Term Gain 0.03273 12/7/2005 12/8/2005 12/8/2005 15.95
12/9/2005 Short Term Gain 0.11006 12/7/2005 12/8/2005 12/8/2005 15.95
11/23/2005 Dividend 0.03646 11/21/2005 11/22/2005 11/22/2005 16.06
10/28/2005 Dividend 0.03252 10/26/2005 10/27/2005 10/27/2005 16.05
9/29/2005 Dividend 0.03063 9/27/2005 9/28/2005 9/28/2005 16.08
8/26/2005 Dividend 0.02737 8/24/2005 8/25/2005 8/25/2005 16.08
7/28/2005 Dividend 0.02984 7/26/2005 7/27/2005 7/27/2005 16.06
6/24/2005 Dividend 0.02380 6/22/2005 6/23/2005 6/23/2005 16.08
5/27/2005 Dividend 0.02697 5/25/2005 5/26/2005 5/26/2005 16.02
4/28/2005 Dividend 0.02549 4/26/2005 4/27/2005 4/27/2005 16.00
3/24/2005 Dividend 0.01770 3/22/2005 3/23/2005 3/23/2005 15.98
2/25/2005 Dividend 0.02634 2/23/2005 2/24/2005 2/24/2005 16.04
1/28/2005 Dividend 0.02312 1/26/2005 1/27/2005 1/27/2005 16.02
12/29/2004 Dividend 0.01733 12/27/2004 12/28/2004 12/28/2004 16.03
12/10/2004 Long Term Gain 0.03927 12/8/2004 12/9/2004 12/9/2004 16.04
12/10/2004 Short Term Gain 0.26972 12/8/2004 12/9/2004 12/9/2004 16.04
11/24/2004 Dividend 0.02640 11/22/2004 11/23/2004 11/23/2004 16.32
10/28/2004 Dividend 0.01569 10/26/2004 10/27/2004 10/27/2004 16.33
9/24/2004 Dividend 0.01600 9/22/2004 9/23/2004 9/23/2004 16.31
8/27/2004 Dividend 0.01792 8/25/2004 8/26/2004 8/26/2004 16.26
7/29/2004 Dividend 0.01570 7/27/2004 7/28/2004 7/28/2004 16.16
6/25/2004 Dividend 0.01450 6/23/2004 6/24/2004 6/24/2004 16.13
5/27/2004 Dividend 0.01359 5/25/2004 5/26/2004 5/26/2004 16.09
4/29/2004 Dividend 0.01020 4/27/2004 4/28/2004 4/28/2004 16.17
3/26/2004 Dividend 0.01102 3/24/2004 3/25/2004 3/25/2004 16.37
2/26/2004 Dividend 0.01402 2/24/2004 2/25/2004 2/25/2004 16.25
1/29/2004 Dividend 0.01175 1/27/2004 1/28/2004 1/28/2004 16.16
12/30/2003 Dividend 0.02015 12/26/2003 12/29/2003 12/29/2003 16.11
12/30/2003 Long Term Gain 0.03945 12/26/2003 12/29/2003 12/29/2003 16.11
12/30/2003 Short Term Gain 0.54961 12/26/2003 12/29/2003 12/29/2003 16.11
11/21/2003 Dividend 0.01598 11/19/2003 11/20/2003 11/20/2003 16.60
10/30/2003 Dividend 0.01821 10/28/2003 10/29/2003 10/29/2003 16.53
9/26/2003 Dividend 0.01321 9/24/2003 9/25/2003 9/25/2003 16.47
8/28/2003 Dividend 0.01451 8/26/2003 8/27/2003 8/27/2003 16.26
7/25/2003 Dividend 0.00620 7/23/2003 7/24/2003 7/24/2003 16.32
6/27/2003 Dividend 0.01514 6/25/2003 6/26/2003 6/26/2003 16.40
5/29/2003 Dividend 0.02188 5/27/2003 5/28/2003 5/28/2003 16.30
4/25/2003 Dividend 0.02113 4/23/2003 4/24/2003 4/24/2003 16.07
3/28/2003 Dividend 0.01666 3/26/2003 3/27/2003 3/27/2003 15.95
2/27/2003 Dividend 0.01938 2/25/2003 2/26/2003 2/26/2003 15.91
1/30/2003 Dividend 0.02586 1/28/2003 1/29/2003 1/29/2003 15.77
12/30/2002 Dividend 0.01983 12/26/2002 12/27/2002 12/27/2002 15.76
12/6/2002 Short Term Gain 0.38323 12/4/2002 12/5/2002 12/5/2002 15.63
11/22/2002 Dividend 0.02799 11/20/2002 11/21/2002 11/21/2002 15.97
10/25/2002 Dividend 0.04242 10/23/2002 10/24/2002 10/24/2002 15.79

Annual Distribution Totals

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C Shares: Without Sales Charge

Annual Capital Gains Totals Annual Capital Gains Totals

C Shares: Without Sales Charge

Top Holdings

Credit Quality

As of 6/30/2010
Average Effective Maturity 4.26 Years


Important Disclosure

Holdings are subject to change.



Management & Commentary

Fund Management

Calvert Asset Management Company, Inc.

As investment advisor to the Calvert family of funds, CAMCO oversees assets covering a broad range of equity, fixed-income, balanced, and asset allocation funds.


Fees & Minimums

Annual Operating Expenses (deducted from Fund assets)

Description Expense
Management fees 0.640%
Distribution and service (12b-1) fees 1.000%
Other expenses 0.220%
Total annual Fund operating expenses 1.860%

Shareholder Fees (fees paid directly from your account)

Description Fee
Maximum sales charge (load) imposed on purchases
(as a percentage of offering price)
none
Maximum deferred sales charge (load)
(as a percentage of purchase or redemption
proceeds, whichever is lower)
1.00%
Short term trading fee
(unless otherwise noted the redemption fee applies to redemptions, including exchanges within 30 days of purchase (seven days for Class I and R shares)
2.00%

Fund Expense Ratios

Description Expense
Expense Ratio
(if no waiver/reimbursement
in effect)
1.86%
Net Expense Ratio
(if waiver/reimbursement
in effect)
n/a
Gross Expense Ratio
(if waiver/reimbursement
in effect)
n/a

Investment Minimums

Description Minimum
Minimum Initial Investment (ClassC) $2,000
Minimum Initial Investment for IRA (ClassC) $1,000
Minimum Subsequent Investment (ClassC) $250

Important Disclosure

Management fees include the advisory fee paid by the Fund to the Advisor, and the administrative fee paid by the Fund to Calvert Administrative Services Company, an affiliate of the Advisor.



Risk/Return Assessment

Risk/Return Assessment

Demonstrates where the Fund falls on a risk/return spectrum, relative to other Calvert Funds. Funds with more conservative objectives and strategies would fall on the left side of the spectrum, while funds with more aggressive objectives and strategies would appear on the right.

Compared against all Calvert funds