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Trending ETFs

Name

As of 09/28/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$19.63

$393 M

2.08%

$0.41

0.65%

Vitals

YTD Return

3.0%

1 yr return

9.4%

3 Yr Avg Return

5.1%

5 Yr Avg Return

6.6%

Net Assets

$393 M

Holdings in Top 10

63.2%

52 WEEK LOW AND HIGH

$19.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 09/28/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$19.63

$393 M

2.08%

$0.41

0.65%

CLAIX - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 6.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.22%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Calvert Moderate Allocation Fund
  • Fund Family Name
    Calvert Investments
  • Inception Date
    May 20, 2016
  • Shares Outstanding
    4161420
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Justin Bourgette

Fund Description

The Fund is a “fund-of-funds” that seeks to achieve its investment objectives by primarily allocating its assets among underlying Calvert income and equity funds meeting its investment criteria, including the responsible investing criteria described below. The Fund typically invests 50%-80% of its net assets in funds that invest primarily in equity securities and 20% to 50% of its net assets in funds that invest primarily in income securities. The Fund may also invest 0% to 10% of its net assets in cash and short-term money market instruments. The Fund will invest in accordance with a target asset allocation determined by the Adviser. The Fund’s asset allocation strategy incorporates both historical and forward-looking risk and return characteristics of various asset classes and correlations among asset classes to establish allocations intended to provide an optimal level of return for a given level of risk. Historical returns-based analysis and actual holdings data of the target underlying Calvert funds are then integrated to blend the styles of the underlying Calvert funds with the asset allocation policy.

Incidental to its main investment strategy, the Fund may also invest in (1) derivative instruments, including, but not limited to, futures, options and swaps; (2) exchange-traded funds (“ETFs”); and (3) U.S. Treasury securities, including Treasury-Inflation Protected Securities. The Fund will use these instruments to facilitate the periodic rebalancing of the Fund’s portfolio to maintain its target asset allocation, to make tactical asset allocations (including to gain or limit exposure to certain asset classes and/or sectors, and/or to manage duration) and to assist in managing cash. The Fund may also lend its securities.

The above asset allocation percentages are allocation targets. The Adviser has discretion to reallocate the Fund’s assets among underlying Calvert funds. The Adviser monitors the Fund’s allocation and may rebalance or reallocate the Fund’s assets (1) based on its view of economic and market factors and events or (2) to adjust for shifts in the style biases of the underlying funds. The Adviser also evaluates any necessary rebalancing to reflect different target asset class allocations based on changed economic and market conditions.

Responsible Investing.  In accordance with its asset allocation strategy, the Fund will invest in Calvert income and equity funds that consider responsible investment criteria.  The underlying fund portfolio manager(s) seek to invest in companies that manage environmental, social and governance (“ESG”) risk exposures adequately and that are not exposed to excessive ESG risk through their principal business activities. Companies are analyzed by the investment adviser’s ESG analysts utilizing The Calvert Principles for Responsible Investment (“Principles”), a framework for considering ESG factors (a copy of which is included as an appendix to the Fund’s Prospectus). Each company is evaluated relative to an appropriate peer group based on material ESG factors as determined by the investment adviser. The underlying funds generally invest in issuers that are believed by the investment adviser to operate in accordance with the Principles and may also invest in issuers that the investment adviser believes are likely to operate in accordance with the Principles pending the investment adviser’s engagement activity with such issuer.

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CLAIX - Performance

Return Ranking - Trailing

Period CLAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -6.7% 24.0% 58.44%
1 Yr 9.4% -21.2% 32.0% 70.23%
3 Yr 5.1%* -9.6% 9.6% 62.98%
5 Yr 6.6%* -10.6% 6.0% 45.51%
10 Yr N/A* -6.2% 5.4% 36.59%

* Annualized

Return Ranking - Calendar

Period CLAIX Return Category Return Low Category Return High Rank in Category (%)
2022 -17.2% -34.7% 1.1% 35.93%
2021 6.0% -11.9% 19.5% 42.75%
2020 10.5% -20.9% 39.7% 22.64%
2019 16.1% 0.8% 25.7% 27.50%
2018 -10.3% -48.9% -1.0% 41.10%

Total Return Ranking - Trailing

Period CLAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -3.3% 24.0% 58.44%
1 Yr 9.4% -9.8% 26.8% 70.23%
3 Yr 5.1%* -1.8% 16.9% 62.98%
5 Yr 6.6%* -3.3% 10.2% 45.51%
10 Yr N/A* 0.3% 10.8% 34.60%

* Annualized

Total Return Ranking - Calendar

Period CLAIX Return Category Return Low Category Return High Rank in Category (%)
2022 -15.5% -29.0% 10.9% 76.88%
2021 15.8% -2.7% 27.3% 58.84%
2020 19.9% -19.5% 40.6% 24.92%
2019 24.8% 2.2% 32.7% 16.09%
2018 -4.8% -29.5% 2.3% 41.59%

NAV & Total Return History


CLAIX - Holdings

Concentration Analysis

CLAIX Category Low Category High CLAIX % Rank
Net Assets 393 M 415 K 159 B 67.57%
Number of Holdings 30 2 15351 56.93%
Net Assets in Top 10 244 M 660 K 48.5 B 58.97%
Weighting of Top 10 63.25% 8.4% 105.0% 46.33%

Top 10 Holdings

  1. Calvert US Large Cap Core Responsible Index Fund 12.66%
  2. Calvert Bond Fund 9.83%
  3. Calvert US Large Cap Value Responsible Index Fund 7.09%
  4. Calvert International Equity Fund 5.28%
  5. Calvert Focused Value Fund 5.27%
  6. Calvert Core Bond Fund 4.91%
  7. Calvert US Large Cap Growth Responsible Index Fund 4.60%
  8. Calvert Equity Fund 4.56%
  9. Calvert International Opportunities Fund 4.53%
  10. Calvert Emerging Markets Advancement Fund 4.52%

Asset Allocation

Weighting Return Low Return High CLAIX % Rank
Stocks
94.04% 0.00% 99.40% 40.08%
Bonds
3.28% 0.00% 116.75% 52.58%
Cash
2.75% -16.75% 81.51% 34.92%
Convertible Bonds
0.91% 0.00% 23.84% 29.96%
Preferred Stocks
0.00% 0.00% 27.92% 70.24%
Other
-0.07% -2.51% 25.19% 86.82%

Stock Sector Breakdown

Weighting Return Low Return High CLAIX % Rank
Financial Services
18.87% 0.00% 38.77% 8.23%
Technology
18.09% 0.00% 44.21% 59.12%
Industrials
13.70% 0.00% 24.37% 5.76%
Healthcare
13.35% 0.00% 29.35% 59.81%
Consumer Cyclical
11.89% 0.00% 19.36% 16.32%
Consumer Defense
8.81% 0.00% 19.93% 15.91%
Communication Services
6.61% 0.00% 23.67% 61.18%
Basic Materials
3.61% 0.00% 33.35% 64.06%
Utilities
2.61% 0.00% 99.55% 63.65%
Real Estate
2.23% 0.00% 65.01% 75.03%
Energy
0.24% 0.00% 85.65% 93.28%

Stock Geographic Breakdown

Weighting Return Low Return High CLAIX % Rank
US
94.04% -1.65% 98.67% 39.81%
Non US
0.00% 0.00% 37.06% 72.28%

Bond Sector Breakdown

Weighting Return Low Return High CLAIX % Rank
Corporate
44.26% 0.00% 98.21% 23.39%
Securitized
20.68% 0.00% 92.13% 38.17%
Government
11.96% 0.00% 97.26% 82.08%
Cash & Equivalents
2.58% 0.14% 100.00% 34.10%
Municipal
0.68% 0.00% 24.80% 26.81%
Derivative
-0.07% 0.00% 31.93% 80.71%

Bond Geographic Breakdown

Weighting Return Low Return High CLAIX % Rank
US
3.28% 0.00% 62.18% 52.58%
Non US
0.00% 0.00% 84.73% 66.17%

CLAIX - Expenses

Operational Fees

CLAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 17.63% 82.00%
Management Fee 0.00% 0.00% 1.83% 10.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% 60.58%

Sales Fees

CLAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CLAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CLAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 343.00% 33.04%

CLAIX - Distributions

Dividend Yield Analysis

CLAIX Category Low Category High CLAIX % Rank
Dividend Yield 2.08% 0.00% 7.72% 38.16%

Dividend Distribution Analysis

CLAIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

CLAIX Category Low Category High CLAIX % Rank
Net Income Ratio 1.22% -2.34% 19.41% 46.10%

Capital Gain Distribution Analysis

CLAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

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CLAIX - Fund Manager Analysis

Managers

Justin Bourgette


Start Date

Tenure

Tenure Rank

Dec 31, 2016

5.42

5.4%

Justin Bourgette is a vice president of Eaton Vance Management, director of global income investment strategy and portfolio manager on Eaton Vance's global income team. He is responsible for buy and sell decisions, portfolio construction and risk management. Justin joined Eaton Vance in 2006. Justin began his career in the investment management industry in 2006. Before joining Eaton Vance, he was affiliated with Investors Financial Services as an analyst in corporate finance and with National Grid, where he worked in business planning and engineering. Justin earned a B.S. from Worcester Polytechnic Institute and an M.S., with high honors, from Boston University. He is a CFA charterholder and a member of Eaton Vance's Asset Allocation Committee.

Schuyler Hooper


Start Date

Tenure

Tenure Rank

Nov 12, 2021

0.55

0.6%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.3 2.41