Calvert Flexible Bond Fund (CUBIX)
The investment seeks positive absolute returns over a full market cycle, regardless of market conditions. The fund seeks to achieve its investment objective through a flexible investment process that allocates investments across global fixed-income markets and uses various investment strategies. It is not constrained in its management relative to an index. Under normal circumstances, the fund invests at least 80% of its net assets (including borrowings for investment purposes) in bonds and/or instruments (including derivative instruments) that provide exposure to bonds. Bonds include debt securities of any maturity.
Fund Info
| ISIN | US13161X3035 |
|---|---|
| CUSIP | 13161X303 |
| Issuer | Calvert Research and Management |
| Inception Date | Sep 29, 2014 |
| Category | Nontraditional Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
CUBIX has a high expense ratio of 0.66%, 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 Flexible Bond 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 Flexible Bond Fund had a return of 1.60% year-to-date (YTD) and 7.90% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.60% | 9.49% |
| 1 month | 0.90% | 1.20% |
| 6 months | 6.16% | 18.29% |
| 1 year | 7.90% | 26.44% |
| 5 years (annualized) | 3.47% | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of CUBIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.80% | -0.23% | 1.03% | -0.78% | 1.60% | ||||||||
| 2023 | 2.63% | -0.47% | 0.43% | 0.08% | -0.04% | 0.79% | 0.67% | 0.25% | -0.59% | -0.60% | 2.95% | 2.38% | 8.73% |
| 2022 | -0.72% | -0.90% | -0.92% | -0.86% | -0.10% | -2.14% | 1.84% | -0.36% | -1.77% | 0.13% | 1.83% | 0.40% | -3.59% |
| 2021 | 0.99% | 0.70% | 0.60% | 0.41% | 0.38% | 0.34% | 0.19% | 0.13% | 0.29% | -0.15% | -0.49% | 0.38% | 3.82% |
| 2020 | 0.65% | -0.27% | -9.55% | 2.61% | 1.78% | 2.05% | 1.28% | 1.16% | 0.37% | 0.71% | 2.71% | 1.16% | 4.13% |
| 2019 | 1.75% | 0.97% | 0.58% | 0.65% | 0.30% | 0.50% | 0.35% | 0.27% | 0.26% | 0.40% | 0.31% | 0.52% | 7.07% |
| 2018 | 0.19% | -0.12% | 0.12% | -0.01% | 0.21% | 0.04% | 0.50% | 0.23% | 0.10% | -0.31% | -0.04% | -0.49% | 0.43% |
| 2017 | 0.52% | 0.46% | 0.24% | 0.37% | 0.43% | 0.41% | 0.30% | 0.11% | 0.09% | 0.32% | 0.06% | 0.22% | 3.59% |
| 2016 | -0.47% | -0.42% | 1.64% | 1.49% | 0.65% | 0.38% | 1.13% | 0.66% | 0.49% | 0.36% | 0.21% | 0.44% | 6.74% |
| 2015 | 0.25% | 1.48% | 0.32% | 0.54% | 0.20% | -0.21% | -0.08% | -0.22% | -0.55% | 0.58% | -0.16% | -0.21% | 1.93% |
| 2014 | -0.03% | -0.07% | 0.24% | 0.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CUBIX is 93, placing it in the top 7% 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.
CUBIX (Calvert Flexible Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Calvert Flexible Bond Fund (CUBIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Calvert Flexible Bond Fund granted a 5.48% dividend yield in the last twelve months. The annual payout for that period amounted to $0.79 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.79 | $0.76 | $0.75 | $0.55 | $0.44 | $0.51 | $0.49 | $0.55 | $0.67 | $0.48 | $0.09 |
Dividend yield | 5.48% | 5.29% | 5.34% | 3.58% | 2.85% | 3.37% | 3.33% | 3.69% | 4.48% | 3.25% | 0.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Calvert Flexible Bond 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.07 | $0.07 | $0.07 | $0.00 | $0.27 | |||||||
| 2023 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.76 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.31 | $0.75 |
| 2021 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.20 | $0.55 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.44 |
| 2019 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2018 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.49 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.16 | $0.55 |
| 2016 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.17 | $0.67 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.48 |
| 2014 | $0.01 | $0.03 | $0.06 | $0.09 |
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 Flexible Bond 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 Flexible Bond Fund was 14.12%, occurring on Mar 25, 2020. Recovery took 157 trading sessions.
The current Calvert Flexible Bond Fund drawdown is 0.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.12% | Feb 24, 2020 | 23 | Mar 25, 2020 | 157 | Nov 5, 2020 | 180 |
| -6.94% | Oct 1, 2021 | 266 | Oct 20, 2022 | 193 | Jul 31, 2023 | 459 |
| -2.73% | May 28, 2015 | 181 | Feb 12, 2016 | 35 | Apr 5, 2016 | 216 |
| -1.87% | Sep 1, 2023 | 34 | Oct 19, 2023 | 18 | Nov 14, 2023 | 52 |
| -1.52% | Apr 1, 2024 | 12 | Apr 16, 2024 | 15 | May 7, 2024 | 27 |
Volatility
Volatility Chart
The current Calvert Flexible Bond Fund volatility is 0.90%, 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.