Calvert Floating-Rate Advantage Fund (CFOIX)
The investment seeks to provide a high level of current income. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in income producing floating rate loans and other floating rate debt securities. It invests primarily in senior floating rate loans of domestic and foreign borrowers ("Senior Loans"). The fund currently borrows for the purpose of acquiring additional income-producing investments (referred to as "leverage"). It may invest up to 35% of its net assets in foreign Senior Loans.
Fund Info
| ISIN | US13161X8737 |
|---|---|
| CUSIP | 13161X873 |
| Issuer | Calvert Research and Management |
| Inception Date | Oct 9, 2017 |
| Category | Bank Loan |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
CFOIX has a high expense ratio of 0.78%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Calvert Floating-Rate Advantage Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Calvert Floating-Rate Advantage Fund had a return of 3.36% year-to-date (YTD) and 12.74% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.36% | 9.49% |
| 1 month | 0.99% | 1.20% |
| 6 months | 6.40% | 18.29% |
| 1 year | 12.74% | 26.44% |
| 5 years (annualized) | 4.34% | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.78% | 0.85% | 0.82% | 0.65% | ||||||||
| 2023 | -0.44% | 1.60% | 1.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CFOIX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
CFOIX (Calvert Floating-Rate Advantage Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Calvert Floating-Rate Advantage Fund (CFOIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Calvert Floating-Rate Advantage Fund granted a 9.04% dividend yield in the last twelve months. The annual payout for that period amounted to $0.81 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.80 | $0.52 | $0.37 | $0.40 | $0.50 | $0.44 | $0.03 |
Dividend yield | 9.04% | 8.93% | 5.99% | 3.94% | 4.19% | 5.07% | 4.63% | 0.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Calvert Floating-Rate Advantage Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.07 | $0.06 | $0.07 | ||||||||
| 2023 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 |
| 2017 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Calvert Floating-Rate Advantage Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Calvert Floating-Rate Advantage Fund was 22.38%, occurring on Mar 23, 2020. Recovery took 197 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.38% | Jan 22, 2020 | 43 | Mar 23, 2020 | 197 | Dec 31, 2020 | 240 |
| -7.54% | Jan 21, 2022 | 114 | Jul 6, 2022 | 150 | Feb 8, 2023 | 264 |
| -4.76% | Oct 11, 2018 | 53 | Dec 27, 2018 | 42 | Feb 28, 2019 | 95 |
| -1.92% | Mar 8, 2023 | 9 | Mar 20, 2023 | 10 | Apr 3, 2023 | 19 |
| -1.25% | May 2, 2023 | 19 | May 26, 2023 | 7 | Jun 7, 2023 | 26 |
Volatility
Volatility Chart
The current Calvert Floating-Rate Advantage Fund volatility is 0.92%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.