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.
Calvert Ultra-Short Duration Income I CULIX
NAV / 1-Day Return
9.90
/
0.01
%
Total Assets
1.0 Bil
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.
0.470%
Expense Ratio
0.470%
Fee Level
Above Average
Longest Manager Tenure
9.48
years
Category
Ultrashort Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
250,000
Status
Open
TTM Yield
0.89%
Effective Duration
0.42
years
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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 CULIX 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 CULIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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
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.
