Calvert Absolute Return Bond A
- CUBAX
- Price as of: Jan 25, 2021
-
$15.42
N/A N/A
- Primary Theme
- Bond Sector Diversified
- Fund Company
- Eaton Vance
- Share Class
CUBAX - Snapshot
Vitals
- YTD Return 0.7%
- 3 Yr Annualized Return 3.5%
- 5 Yr Annualized Return 4.0%
- Net Assets $204 M
- Holdings in Top 10 16.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.96%
SALES FEES
- Front Load 3.75%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 87.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA N/A
Fund Classification
-
Primary Theme
Bond Sector Diversified
- Fund Type Open End Mutual Fund
- Investment Style Nontraditional Bond
CUBAX - Profile
Distributions
- YTD Total Return 0.7%
- 3 Yr Annualized Total Return 2.2%
- 5 Yr Annualized Total Return 3.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.05%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameCalvert Flexible Bond Fund
-
Fund Family NameCalvert Investments
-
Inception DateSep 30, 2014
-
Shares Outstanding1549324
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerVishal Khanduja
Fund Description
The fund seeks to achieve its investment objective through a flexible investment process that allocates investments across global fixed-income markets and uses various investment strategies. It is not constrained in its management relative to an index. Under normal circumstances, the fund invests at least 80% of its net assets (including borrowings for investment purposes) in bonds and/or instruments (including derivative instruments) that provide exposure to bonds. Bonds include debt securities of any maturity.
CUBAX - Performance
Return Ranking - Trailing
| Period | CUBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.7% | -4.7% | 7.2% | 20.82% |
| 1 Yr | 3.9% | -28.6% | 24.1% | 63.72% |
| 3 Yr | 3.5%* | -17.9% | 10.4% | 62.23% |
| 5 Yr | 4.0%* | -11.9% | 14.1% | 70.80% |
| 10 Yr | N/A* | -1.2% | 13.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CUBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 1.1% | -49.2% | 314.3% | 55.06% |
| 2019 | 3.5% | -35.1% | 15.3% | 67.86% |
| 2018 | -2.9% | -48.0% | 3.1% | 19.25% |
| 2017 | -0.1% | -14.8% | 11.2% | 82.48% |
| 2016 | 2.0% | -11.2% | 10.7% | 63.76% |
Total Return Ranking - Trailing
| Period | CUBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.7% | -4.7% | 7.0% | 20.95% |
| 1 Yr | 0.0% | -31.1% | 24.1% | 80.82% |
| 3 Yr | 2.2%* | -19.5% | 10.4% | 79.00% |
| 5 Yr | 3.2%* | -12.9% | 14.1% | 81.49% |
| 10 Yr | N/A* | -1.2% | 13.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CUBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 1.1% | -49.2% | 314.3% | 55.06% |
| 2019 | 3.8% | -35.1% | 15.3% | 65.37% |
| 2018 | 0.1% | -48.0% | 8.0% | 11.93% |
| 2017 | 3.2% | -14.8% | 15.2% | 45.26% |
| 2016 | 6.2% | -11.2% | 17.7% | 26.94% |
NAV & Total Return History
CUBAX - Holdings
Concentration Analysis
| CUBAX | Category Low | Category High | CUBAX % Rank | |
|---|---|---|---|---|
| Net Assets | 204 M | 10 | 132 B | 69.25% |
| Number of Holdings | 218 | 3 | 7676 | 70.33% |
| Net Assets in Top 10 | 32.3 M | -2.73 B | 12 B | 63.28% |
| Weighting of Top 10 | 15.99% | 4.8% | 100.0% | 72.36% |
Top 10 Holdings
- United States Treasury Notes 0.75% 2.94%
- United States Treasury Notes 1.75% 2.03%
- United States Treasury Notes 1.62% 2.03%
- Calvert Floating-Rate Advantage R6 2.02%
- AMERICAN AIRLINES PASS THROUGH TRUSTS 5.6% 1.69%
- RETL 2019-RVP 1.7% 1.58%
- BAMLL COMMERCIAL MORTGAGE SECURITIES TRUST 3.72% 1.56%
- Ford Motor Credit Company LLC 1.3% 1.55%
- Coinstar Funding, LLC 5.22% 1.50%
- MORGAN STANLEY CAPITAL I TRUST 2.26% 1.42%
Asset Allocation
| Weighting | Return Low | Return High | CUBAX % Rank | |
|---|---|---|---|---|
| Bonds | 83.45% | -262.75% | 9989800.00% | 65.28% |
| Cash | 9.62% | -220.60% | 362.75% | 33.47% |
| Preferred Stocks | 4.22% | 0.00% | 35.26% | 5.96% |
| Convertible Bonds | 2.32% | 0.00% | 179.84% | 41.19% |
| Stocks | 0.38% | -91.60% | 170.77% | 28.94% |
| Other | 0.01% | -42.24% | 120.57% | 34.69% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CUBAX % Rank | |
|---|---|---|---|---|
| Utilities | 100.00% | 0.00% | 100.00% | 0.21% |
| Technology | 0.00% | 0.00% | 100.00% | 42.24% |
| Real Estate | 0.00% | 0.00% | 100.00% | 50.93% |
| Industrials | 0.00% | 0.00% | 100.00% | 55.07% |
| Healthcare | 0.00% | 0.00% | 80.00% | 49.69% |
| Financial Services | 0.00% | 0.00% | 100.00% | 55.90% |
| Energy | 0.00% | 0.00% | 100.00% | 73.91% |
| Communication Services | 0.00% | 0.00% | 100.00% | 60.66% |
| Consumer Defense | 0.00% | 0.00% | 93.82% | 34.99% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 52.80% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 48.24% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CUBAX % Rank | |
|---|---|---|---|---|
| US | 0.38% | -87.24% | 170.77% | 25.20% |
| Non US | 0.00% | -4.36% | 4.07% | 36.45% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CUBAX % Rank | |
|---|---|---|---|---|
| Corporate | 46.39% | 0.00% | 99.91% | 42.55% |
| Securitized | 38.56% | 0.00% | 99.25% | 21.41% |
| Cash & Equivalents | 9.66% | 0.00% | 100.00% | 38.75% |
| Government | 5.40% | 0.00% | 98.23% | 64.50% |
| Derivative | 0.00% | 0.00% | 66.79% | 58.40% |
| Municipal | 0.00% | 0.00% | 42.12% | 45.26% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CUBAX % Rank | |
|---|---|---|---|---|
| US | 75.55% | -262.75% | 217.49% | 27.24% |
| Non US | 7.90% | -13.39% | 151.10% | 80.89% |
CUBAX - Expenses
Operational Fees
| CUBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.96% | 0.01% | 14.61% | 66.52% |
| Management Fee | 0.47% | 0.00% | 2.25% | 19.05% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 22.80% |
| Administrative Fee | 0.12% | 0.01% | 0.70% | 56.15% |
Sales Fees
| CUBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 3.75% | 0.00% | 5.75% | 53.10% |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| CUBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.40% | 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.
| CUBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 87.00% | 0.00% | 493.00% | 46.72% |
CUBAX - Distributions
Dividend Yield Analysis
| CUBAX | Category Low | Category High | CUBAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.34% | 23.75% |
Dividend Distribution Analysis
| CUBAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| CUBAX | Category Low | Category High | CUBAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.05% | -1.55% | 18.14% | 60.85% |
Capital Gain Distribution Analysis
| CUBAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.043 |
| Feb 28, 2019 | $0.040 |
| Jan 30, 2019 | $0.043 |
| Dec 24, 2018 | $0.055 |
| Nov 29, 2018 | $0.041 |
| Oct 30, 2018 | $0.042 |
| Sep 26, 2018 | $0.033 |
| Aug 30, 2018 | $0.041 |
| Jul 30, 2018 | $0.041 |
| Jun 27, 2018 | $0.034 |
| May 30, 2018 | $0.039 |
| Apr 27, 2018 | $0.036 |
| Mar 27, 2018 | $0.035 |
| Feb 27, 2018 | $0.029 |
| Jan 30, 2018 | $0.025 |
| Dec 28, 2017 | $0.039 |
| Nov 30, 2017 | $0.036 |
| Oct 27, 2017 | $0.026 |
| Sep 28, 2017 | $0.028 |
| Aug 31, 2017 | $0.030 |
| Jul 28, 2017 | $0.027 |
| Jun 29, 2017 | $0.025 |
| May 26, 2017 | $0.029 |
| Apr 28, 2017 | $0.031 |
| Mar 30, 2017 | $0.031 |
| Feb 24, 2017 | $0.034 |
| Jan 27, 2017 | $0.034 |
| Dec 28, 2016 | $0.035 |
| Nov 30, 2016 | $0.037 |
| Oct 28, 2016 | $0.038 |
| Sep 29, 2016 | $0.038 |
| Aug 31, 2016 | $0.043 |
| Jul 29, 2016 | $0.033 |
| Jun 29, 2016 | $0.052 |
| May 27, 2016 | $0.040 |
| Apr 29, 2016 | $0.044 |
| Mar 30, 2016 | $0.043 |
| Feb 26, 2016 | $0.044 |
| Jan 29, 2016 | $0.035 |
| Dec 30, 2015 | $0.024 |
| Nov 25, 2015 | $0.041 |
| Oct 30, 2015 | $0.041 |
| Sep 25, 2015 | $0.033 |
| Aug 28, 2015 | $0.031 |
| Jul 31, 2015 | $0.032 |
| Jun 26, 2015 | $0.030 |
| May 29, 2015 | $0.022 |
| Apr 24, 2015 | $0.036 |
| Mar 27, 2015 | $0.032 |
| Feb 27, 2015 | $0.034 |
| Jan 30, 2015 | $0.020 |
| Dec 30, 2014 | $0.026 |
| Nov 26, 2014 | $0.021 |
| Oct 31, 2014 | $0.002 |
CUBAX - Fund Manager Analysis
Managers
Vishal Khanduja
Start Date
Tenure
Tenure Rank
Sep 30, 2014
6.26
6.3%
Vishal Khanduja is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing 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. He has been affiliated with the Eaton Vance organization since 2016. Before joining the Eaton Vance organization, 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
Sep 30, 2014
6.26
6.3%
Brian Ellis is a vice president and portfolio manager for Calvert Research and Management, a wholly owned subsidiary of Eaton Vance Management specializing 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. He has been affiliated with the Eaton Vance organization since 2016. Before joining the Eaton Vance organization, 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 |
|---|---|---|---|
| 0.04 | 29.65 | 5.5 | 2.0 |