Overview

Historical Returns (%) as of Sep 30, 2024

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. Performance prior to December 31, 2016 reflects the performance of the Fund’s former adviser, Calvert Investment Management, Inc. Max Sales Charge: 1%.
 

Fund Facts as of Nov 30, 2024

Class C Inception 04/29/2005
Investment Objective Current income and capital appreciation, consistent with the preservation of capital
Total Net Assets $241.2M
Minimum Investment $1000
Expense Ratio3 1.70%
Adjusted Expense Ratio 1.64%
CUSIP 131618670
Adjusted Expense Ratios excludes certain investment expenses such as interest expense from borrowings and repurchase agreements and dividend expense from short sales, incurred directly by the Fund or indirectly through the Fund’s investment in underlying Calvert Funds, if applicable none of which are paid to Calvert Funds.

Top 10 Holdings (%)4,5 as of Sep 30, 2024

Calvert Bond Fund 28.71
Calvert Core Bond Fund 11.07
Calvert US Large Cap Core Responsible Index Fund 7.46
Calvert Ultra-Short Duration Income Fund 6.26
Calvert Mortgage Access Fund 6.03
Calvert US Large Cap Value Responsible Index Fund 4.69
Calvert Floating-Rate Advantage Fund 3.78
Calvert US Large Cap Growth Responsible Index Fund 3.57
Calvert International Equity Fund 3.36
Calvert Equity Fund 3.03
Total 77.96
 

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

RISK CONSIDERATIONS 

The Fund invests in other underlying funds in a fund-of-funds structure. The Fund’s performance is dependent upon the performance of the underlying funds and the Fund is subject to all of the risks of the underlying funds. The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. As interest rates rise, the value of certain income investments is likely to decline. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.

See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.


Performance

Historical Returns (%) as of Sep 30, 2024

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. Performance prior to December 31, 2016 reflects the performance of the Fund’s former adviser, Calvert Investment Management, Inc. Max Sales Charge: 1%.
 

Calendar Year Returns (%)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund at NAV 5.12 -0.79 4.24 8.81 -3.67 14.74 11.34 5.83 -14.97 9.23
Bloomberg U.S. Aggregate Bond Index1 5.97 0.55 2.65 3.54 0.01 8.72 7.51 -1.54 -13.01 5.53
Conservative Allocation Composite Benchmark6 6.63 0.23 5.46 10.03 -2.61 15.49 11.92 5.85 -14.67 11.46
 

Fund Facts

Class C Inception 04/29/2005
Expense Ratio3 1.70%
Adjusted Expense Ratio 1.64%
Distribution Frequency Quarterly
Adjusted Expense Ratios excludes certain investment expenses such as interest expense from borrowings and repurchase agreements and dividend expense from short sales, incurred directly by the Fund or indirectly through the Fund’s investment in underlying Calvert Funds, if applicable none of which are paid to Calvert Funds.
 

Morningstar Rating™ as of Oct 31, 2024

Time Period Rating Funds in
Moderately Conservative Allocation
Category
Overall 434
3 Years 434
5 Years 398
10 Years 293
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses.

©2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
 

NAV History

Date NAV NAV Change
Dec 02, 2024 $18.14 $0.02
Nov 29, 2024 $18.12 $0.07
Nov 27, 2024 $18.05 $0.03
Nov 26, 2024 $18.02 -$0.01
Nov 25, 2024 $18.03 $0.13
Nov 22, 2024 $17.90 $0.05
Nov 21, 2024 $17.85 $0.04
Nov 20, 2024 $17.81 -$0.02
Nov 19, 2024 $17.83 $0.02
Nov 18, 2024 $17.81 $0.04
 

Distribution History7

Ex-Date Distribution Reinvest NAV
Sep 26, 2024 $0.09670 $18.19
Jun 26, 2024 $0.10790 $17.29
Mar 26, 2024 $0.07950 $17.23
Dec 28, 2023 $0.17620 $17.07
Sep 27, 2023 $0.10860 $15.84
Jun 28, 2023 $0.07300 $16.62
Mar 29, 2023 $0.07380 $16.41
Dec 28, 2022 $0.14900 $15.94
Sep 28, 2022 $0.05040 $15.72
Jun 28, 2022 $0.02930 $16.35
View All
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
Fund prospectus
 

Capital Gain History7

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 30, 2021 $0.03180 $0.45870 $19.10
No records in this table indicates that there has not been a capital gain greater than .0001 within the past 3 years.
Fund prospectus

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

RISK CONSIDERATIONS 

The Fund invests in other underlying funds in a fund-of-funds structure. The Fund’s performance is dependent upon the performance of the underlying funds and the Fund is subject to all of the risks of the underlying funds. The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. As interest rates rise, the value of certain income investments is likely to decline. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.

See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.


Portfolio

Asset Mix (%)5 as of Sep 30, 2024

 

Fund Holdings (%)5,8 as of Oct 31, 2024

Holding % of Net Assets
Calvert Bond Fund 25.82%
Calvert Core Bond Fund 11.13%
Calvert US Large Cap Core Responsible Index Fund 8.26%
Calvert Ultra-Short Duration Income Fund 6.43%
Calvert Flexible Bond Fund 6.12%
Calvert Mortgage Access Fund 6.04%
Calvert US Large Cap Growth Responsible Index Fund 4.01%
Calvert US Large Cap Value Responsible Index Fund 3.97%
Calvert Floating-Rate Advantage Fund 3.36%
Calvert International Equity Fund 3.25%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

RISK CONSIDERATIONS 

The Fund invests in other underlying funds in a fund-of-funds structure. The Fund’s performance is dependent upon the performance of the underlying funds and the Fund is subject to all of the risks of the underlying funds. The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. Investments in debt instruments may be affected by changes in the creditworthiness of the issuer and are subject to the risk of non-payment of principal and interest. The value of income securities also may decline because of real or perceived concerns about the issuer's ability to make principal and interest payments. As interest rates rise, the value of certain income investments is likely to decline. Investments rated below investment grade (sometimes referred to as "junk") are typically subject to greater price volatility and illiquidity than higher rated investments. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, currency exchange rates or other conditions. Investing primarily in responsible investments carries the risk that, under certain market conditions, the Fund may underperform funds that do not utilize a responsible investment strategy. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.

See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.


Management

Jim Caron

Managing Director, Chief Investment Officer of the Portfolio Solutions Group

Biography

Jim Caron is the Chief Investment Officer of the Portfolio Solutions Group at MSIM.

He has 31 years of industry experience and joined Morgan Stanley in 2006. Previously, he was a portfolio manager and head of global macro strategies on the Fixed Income Team. He also held the position of Global Head of Interest Rates, Foreign Exchange, and Emerging Markets Strategy with Morgan Stanley Research. In earlier years, he was a director at Merrill Lynch where he headed the U.S. Interest Rate Strategy Group. Jim also held various trading positions in rates and option products at JP Morgan.

He earned a B.A. in physics from Bowdoin College, a B.S. in aeronautical engineering from the California Institute of Technology, and an M.B.A. from New York University.

Education
  • B.A. Bowdoin College
  • B.S. California Institute of Technology
  • M.B.A. New York University

Experience
  • Managed Fund since 2024

 
Schuyler Hooper, CFA

Schuyler Hooper, CFA

Executive Director, Portfolio Manager

Biography

Schuyler Hooper is a portfolio manager on the Multi-Sector team. He is responsible for investment research, portfolio optimization, risk modeling and operations. He began his career in the investment management industry with Eaton Vance in 2011. Morgan Stanley acquired Eaton Vance in March 2021.

Schuyler earned a B.A., cum laude, from Union College. He is a CFA charterholder.

Education
  • B.A. Union College

Experience
  • Managed Fund since 2021

 

Literature

Literature

Fact Sheet

Download Fact Sheet - Last updated: Sep 30, 2024

Annual Financial Statements and Add'l Information

Download Annual Financial Statements and Add'l Information

Semi-Annual Financial Statements and Add'l Information

Download Semi-Annual Financial Statements and Add'l Information

Commentary

Download Commentary - Last updated: Sep 30, 2024

Annual Report

Download Annual Report

Calvert Responsible Funds Overview

Download Calvert Responsible Funds Overview - Last updated: Sep 30, 2024

Estimated Year-End Distributions

Download Estimated Year-End Distributions - Last updated: Aug 31, 2024

Full Prospectus

Download Full Prospectus

Q1 Holdings

Download Q1 Holdings

Q3 Holdings

Download Q3 Holdings

Holdings - Form N-PORT

Download Holdings - Form N-PORT

Semi-Annual Report

Download Semi-Annual Report

Summary Prospectus

Download Summary Prospectus