CTTIX: Calvert Responsible Municipal Income I

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CTTIX Calvert Responsible Municipal Income I


Profile

CTTIX - Profile

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return 2.6%
  • 5 Yr Annualized Return N/A
  • Net Assets $193 M
  • Holdings in Top 10 16.2%

52 WEEK LOW AND HIGH

$16.86
$15.75
$16.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.79%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Calvert Responsible Municipal Income Fund
  • Fund Family Name
    Calvert Investments
  • Inception Date
    Jul 15, 2015
  • Shares Outstanding
    4287805
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Cynthia Clemson

Fund Description

Under normal market conditions, at least 80% of the income from the fund will be exempt from federal income tax. At least 65% of the fund's net assets normally will be invested in municipal obligations rated at least investment grade at the time of investment or, if unrated, determined by the investment adviser to be of at least investment grade quality. The fund may invest 25% or more of its total assets in certain types of municipal obligations and in one or more economic sectors.


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Categories

Performance

CTTIX - Performance

Return Ranking - Trailing

Period CTTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -2.4% 9.5% 16.43%
1 Yr 6.8% -3.2% 25.4% 30.01%
3 Yr 2.6%* -3.0% 5.6% 7.89%
5 Yr N/A* -3.0% 12.5% 9.57%
10 Yr N/A* -5.2% 3.9% 19.12%

* Annualized

Return Ranking - Calendar

Period CTTIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -1.7% 18.3% 36.88%
2018 -1.8% -11.7% 4.6% 29.68%
2017 2.3% -4.4% 8.3% 16.49%
2016 -3.1% -7.8% 7.7% 84.51%
2015 N/A -18.3% 3.0% N/A

Total Return Ranking - Trailing

Period CTTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -2.4% 9.5% 16.43%
1 Yr 6.8% -3.2% 25.4% 29.76%
3 Yr 4.5%* -3.0% 8.1% 1.56%
5 Yr N/A* -3.0% 12.5% 9.21%
10 Yr N/A* -1.3% 7.0% 19.99%

* Annualized

Total Return Ranking - Calendar

Period CTTIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.0% -1.7% 18.3% 33.78%
2018 0.9% -11.7% 6.5% 2.36%
2017 5.3% -4.4% 10.4% 2.60%
2016 -0.1% -7.8% 10.7% 49.77%
2015 N/A -12.6% 4.2% N/A

NAV & Total Return History


Holdings

CTTIX - Holdings

Concentration Analysis

CTTIX Category Low Category High CTTIX % Rank
Net Assets 193 M 690 K 259 B 75.42%
Number of Holdings 124 1 17668 77.31%
Net Assets in Top 10 29.7 M -216 M 21.4 B 79.96%
Weighting of Top 10 16.22% 2.5% 100.0% 64.47%

Top 10 Holdings

  1. BATTERY PK CITY AUTH N Y REV 5% 2.22%
  2. HARRIS CNTY TEX FLOOD CTL DIST 5% 1.94%
  3. TEXAS WATER DEV BRD 5% 1.72%
  4. NEW YORK TRANSN DEV CORP SPL FAC REV 5% 1.67%
  5. METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5% 1.53%
  6. MINNEAPOLIS & ST PAUL MINN HSG & REDEV AUTH HEALTH CARE SYS 0.4% 1.51%
  7. SNOHOMISH CNTY WASH SCH DIST NO 004 LAKE STEVENS 4% 1.49%
  8. PENNSYLVANIA ECONOMIC DEV FING AUTH REV 3% 1.40%
  9. SAN DIEGO CALIF UNI SCH DIST 5% 1.37%
  10. OHIO ST UNIV GEN RCPTS 5% 1.37%

Asset Allocation

Weighting Return Low Return High CTTIX % Rank
Bonds
98.18% 80.02% 159.74% 39.98%
Cash
1.82% -59.74% 19.63% 51.34%
Stocks
0.00% -0.98% 25.43% 80.99%
Preferred Stocks
0.00% 0.00% 7.43% 83.53%
Other
0.00% -8.60% 31.85% 79.96%
Convertible Bonds
0.00% 0.00% 7.23% 90.10%

Bond Sector Breakdown

Weighting Return Low Return High CTTIX % Rank
Municipal
97.09% 0.00% 100.11% 32.76%
Cash & Equivalents
1.82% -29.57% 27.25% 58.77%
Corporate
1.09% 0.00% 99.62% 53.23%
Derivative
0.00% -0.83% 22.35% 83.60%
Securitized
0.00% 0.00% 98.40% 92.00%
Government
0.00% -2.21% 122.41% 92.82%

Bond Geographic Breakdown

Weighting Return Low Return High CTTIX % Rank
US
98.18% 58.28% 156.78% 24.90%
Non US
0.00% -12.35% 26.76% 96.11%

Expenses

CTTIX - Expenses

Operational Fees

CTTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.01% 38.00% 59.13%
Management Fee 0.47% 0.00% 1.10% 76.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.12% 0.00% 0.50% 64.77%

Sales Fees

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

Trading Fees

CTTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

CTTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 0.00% 489.00% 7.35%

Distributions

CTTIX - Distributions

Dividend Yield Analysis

CTTIX Category Low Category High CTTIX % Rank
Dividend Yield 0.43% 0.00% 3.16% 44.05%

Dividend Distribution Analysis

CTTIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

CTTIX Category Low Category High CTTIX % Rank
Net Income Ratio 2.79% 0.00% 6.30% 39.19%

Capital Gain Distribution Analysis

CTTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

CTTIX - Fund Manager Analysis

Managers

Cynthia Clemson


Start Date

Tenure

Tenure Rank

Dec 31, 2016

3.08

3.1%

Cynthia J. Clemson is Vice President of Boston Management and Research. Clemson is a vice president with Eaton Vance Management and has been managing portfolios since April 1992. She joined the company as an analyst in 1988. Clemson is a member of the Financial Analysts Federation and the Boston Security Analysts Society.

Craig Brandon


Start Date

Tenure

Tenure Rank

Dec 31, 2016

3.08

3.1%

Craig R. Brandon is Vice President of Boston Management and Research. Brandon joined Eaton Vance in 1998 as a credit analyst in the Municipal Bond Department responsible for high grade and high yield bonds in various sectors. He became vice president in 2001 and portfolio manager in 2004. Before Eaton Vance, Brandon was a senior analyst for the New York State Assembly Ways and Means Committee where he was the Assembly’s lead analyst for capital finance, debt service and financial plan issues. Brandon holds the Chartered Financial Analyst designation.

Tenure Analysis

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