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Morningstar

Calvert High Yield Bond A CYBAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 23.99  /  0.29 %
  • Total Assets 416.7 Mil
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.010%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.70%
  • Effective Duration 4.07 years

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis CYBAX

Will CYBAX 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 CYBAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CYBAX 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 CYBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Experienced portfolio managers lead this ESG-focused high-yield strategy.

Senior Analyst

Summary

| by Paul Olmsted

Calvert High Yield Bond applies a traditional approach within an environmental, social, and governance framework. Its experienced portfolio management team and deep high-yield analyst bench adeptly navigate this market. While this fund appeals to investors seeking a responsible investing high-yield option, the ESG-factor-screening process limits its prospects, supporting a Morningstar Analyst Rating of Neutral on most share classes and Negative on its most expensive.

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