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Calvert Ultra-Short Duration Income I CULIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
9.95  /  0.01 %
Total Assets
894.0 Mil
Adj. Expense Ratio
0.470%
Expense Ratio
0.470%
Fee Level
Above Average
Longest Manager Tenure
8.87 years
Category
Ultrashort Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
250,000
Status
Open
TTM Yield
1.12%
Effective Duration
0.49 years

USD | NAV as of Jun 11, 2021 | 1-Day Return as of Jun 11, 2021, 9:06 PM GMT+00:00

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Morningstar’s Analysis

Will CULIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CULIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the CULIX 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

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The Parent Pillar is our rating of CULIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This sustainable ultrashort-bond fund struggles to take root.

Analyst

Summary

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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.

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