Calvert Ultra-Short Duration Income takes on significant credit risk in the conservative ultrashort bond Morningstar Category. Without a process or a personnel edge, the strategy’s cheapest share class receives a Morningstar Analyst Rating of Neutral, while its more expensive are rated Negative.
Will CULAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CULAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the CULAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of CULAX’s parent organization’s priorities and whether they’re in line with investors’ interests.