Calvert Income is a peculiar option within the corporate bond Morningstar Category. Its team, which has experienced turnover since Morgan Stanley closed its acquisition of Eaton Vance in March 2021, applies a risky process that emphasizes high-yield corporates, bank loans, and securitized credit at the expense of investment-grade credit. Its cheapest share class receives a Morningstar Analyst Rating of Neutral while its more expensive are rated Negative.
Calvert Income I CINCX
NAV / 1-Day Return
15.21
/
0.50
%
Total Assets
714.8 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.670%
Expense Ratio
0.670%
Fee Level
High
Longest Manager Tenure
9.42
years
Category
Corporate Bond
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
1,000,000
Status
Open
TTM Yield
3.50%
Effective Duration
—
years
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will CINCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CINCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CINCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of CINCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A ESG-centric corporate bond fund rooted in risky fare.
