CLDAX: Calvert Long-Term Income A

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CLDAX Calvert Long-Term Income A


Profile

CLDAX - Profile

Vitals

  • YTD Return 5.4%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 1.6%
  • Net Assets $89.6 M
  • Holdings in Top 10 19.8%

52 WEEK LOW AND HIGH

$19.42
$16.09
$19.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 43.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return 7.7%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.33%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Calvert Long-Term Income Fund
  • Fund Family Name
    Calvert Investments
  • Inception Date
    Dec 31, 2004
  • Shares Outstanding
    2499537
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Vishal Khanduja

Fund Description

The fund typically invests at least 65% of its net assets in investment grade, U.S. dollar-denominated debt securities, as assessed at the time of purchase. It may invest up to 35% of its net assets in below-investment grade, high-yield debt instruments (commonly known as "junk bonds"), including distressed instruments that are in default. The fund may also invest up to 25% of its net assets in foreign debt securities.


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Categories

Performance

CLDAX - Performance

Return Ranking - Trailing

Period CLDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -1.5% 8.9% 0.61%
1 Yr 19.7% -2.3% 23.6% 0.15%
3 Yr 5.4%* -2.8% 5.8% 0.21%
5 Yr 1.6%* -2.7% 12.4% 1.89%
10 Yr 1.5%* -5.1% 3.9% 6.90%

* Annualized

Return Ranking - Calendar

Period CLDAX Return Category Return Low Category Return High Rank in Category (%)
2019 16.9% -1.7% 18.3% 0.11%
2018 -9.0% -11.7% 4.6% 99.34%
2017 6.1% -4.4% 8.3% 0.77%
2016 -0.2% -7.8% 7.7% 44.58%
2015 -6.5% -18.3% 3.0% 98.53%

Total Return Ranking - Trailing

Period CLDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -1.5% 8.9% 0.61%
1 Yr 19.7% -2.3% 23.6% 0.15%
3 Yr 7.7%* -2.8% 7.9% 0.08%
5 Yr 5.0%* -2.7% 12.4% 0.15%
10 Yr 6.6%* -1.4% 7.1% 0.21%

* Annualized

Total Return Ranking - Calendar

Period CLDAX Return Category Return Low Category Return High Rank in Category (%)
2019 17.4% -1.7% 18.3% 0.11%
2018 -5.7% -11.7% 6.5% 95.55%
2017 9.5% -4.4% 10.4% 0.30%
2016 6.8% -7.8% 10.7% 0.59%
2015 -3.9% -12.6% 4.2% 94.08%

NAV & Total Return History


Holdings

CLDAX - Holdings

Concentration Analysis

CLDAX Category Low Category High CLDAX % Rank
Net Assets 89.6 M 690 K 259 B 86.70%
Number of Holdings 137 1 17668 74.25%
Net Assets in Top 10 16.3 M -216 M 21.4 B 88.91%
Weighting of Top 10 19.81% 2.5% 100.0% 52.38%

Top 10 Holdings

  1. Bank of America Corporation 3.82% 2.45%
  2. Morgan Stanley 3.59% 2.43%
  3. Citigroup Inc. 3.89% 2.31%
  4. United States Treasury Notes 0.75% 2.05%
  5. DXC Technology Company 4.75% 1.90%
  6. SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WTR REV 3.3% 1.86%
  7. AT&T Inc 4.75% 1.80%
  8. NBCUniversal Media LLC 4.45% 1.70%
  9. BANK MONTREAL QUE 3.8% 1.68%
  10. Public Service Company of Colorado 3.2% 1.65%

Asset Allocation

Weighting Return Low Return High CLDAX % Rank
Bonds
94.92% 80.02% 159.74% 69.96%
Convertible Bonds
2.46% 0.00% 7.23% 4.76%
Cash
2.39% -59.74% 19.63% 45.39%
Preferred Stocks
0.23% 0.00% 7.43% 7.30%
Stocks
0.00% -0.98% 25.43% 53.90%
Other
0.00% -8.60% 31.85% 55.87%

Bond Sector Breakdown

Weighting Return Low Return High CLDAX % Rank
Corporate
81.55% 0.00% 99.62% 3.47%
Government
5.87% -2.21% 122.41% 47.32%
Securitized
5.53% 0.00% 98.40% 45.42%
Municipal
4.66% 0.00% 100.11% 47.00%
Cash & Equivalents
2.39% -29.57% 21.18% 51.65%
Derivative
0.00% -0.83% 22.35% 57.12%

Bond Geographic Breakdown

Weighting Return Low Return High CLDAX % Rank
US
87.46% 58.28% 156.78% 68.38%
Non US
7.46% -12.34% 26.76% 34.84%

Expenses

CLDAX - Expenses

Operational Fees

CLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.01% 38.00% 26.22%
Management Fee 0.52% 0.00% 1.10% 92.35%
12b-1 Fee 0.25% 0.00% 1.00% 44.32%
Administrative Fee 0.12% 0.00% 0.50% 64.08%

Sales Fees

CLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 47.81%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

CLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 32.09%

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.

CLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 0.00% 489.00% 51.00%

Distributions

CLDAX - Distributions

Dividend Yield Analysis

CLDAX Category Low Category High CLDAX % Rank
Dividend Yield 0.49% 0.00% 3.18% 34.62%

Dividend Distribution Analysis

CLDAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CLDAX Category Low Category High CLDAX % Rank
Net Income Ratio 3.33% 0.00% 6.30% 13.14%

Capital Gain Distribution Analysis

CLDAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

CLDAX - Fund Manager Analysis

Managers

Vishal Khanduja


Start Date

Tenure

Tenure Rank

Jan 31, 2013

7.0

7.0%

Vishal Khanduja, CFA Vice President, Portfolio Manager Vishal Khanduja is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specialising in responsible and sustainable investing across global capital markets. He joined Calvert Research and Management in 2016. Vishal began his career in the investment management industry in 2005. Before joining Eaton Vance, he was a senior vice president, portfolio manager and head of taxable fixed income for Calvert Investments. Previously, he was a vice president and portfolio manager at Columbia Threadneedle and associate director of fixed-income analytics at Galliard Capital. Vishal earned a bachelor of engineering from VJTI, Mumbai, India and an MBA from the Tippie School of Management at the University of Iowa. He is a member of the CFA Institute and the CFA Society of Boston. He is a CFA charterholder.

Brian Ellis


Start Date

Tenure

Tenure Rank

Nov 16, 2015

4.21

4.2%

Brian Ellis, CFA Vice President, Portfolio Manager Brian Ellis is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specialising in responsible and sustainable investing across global capital markets. He joined Calvert Research and Management in 2016. Brian began his career in the investment management industry in 2006. Before joining Eaton Vance, he was a portfolio manager of fixed-income strategies for Calvert Investments. Previously, he was a software engineer and analyst at Legg Mason Capital Management (now ClearBridge Investments). Brian earned a B.S. in finance from Salisbury University. He is a CFA charterholder and an FSA credential holder. He is a member of the CFA Institute and the CFA Society of Boston.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.19 7.42 0.08