Calvert Ultra-Short Duration Income Fund (CULAX)
The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (including borrowings for investment purposes) in a portfolio of floating-rate securities (e.g., corporate floating-rate securities) and securities with durations of less than or equal to one year. The manager generally defines ultra-short duration securities as those with durations of less than or equal to one year.
Fund Info
US1315826115
131582611
Oct 31, 2006
$1,000
Expense Ratio
CULAX features an expense ratio of 0.72%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Calvert Ultra-Short Duration Income 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 Ultra-Short Duration Income Fund had a return of 0.39% year-to-date (YTD) and 5.55% in the last 12 months. Over the past 10 years, Calvert Ultra-Short Duration Income Fund had an annualized return of 2.06%, while the S&P 500 had an annualized return of 11.26%, indicating that Calvert Ultra-Short Duration Income Fund did not perform as well as the benchmark.
CULAX
0.39%
0.39%
2.52%
5.55%
2.52%
2.06%
^GSPC (Benchmark)
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
Monthly Returns
The table below presents the monthly returns of CULAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.39% | 0.39% | |||||||||||
| 2024 | 0.52% | 0.41% | 0.52% | 0.32% | 0.53% | 0.42% | 0.63% | 0.63% | 0.51% | 0.29% | 0.39% | 0.40% | 5.70% |
| 2023 | 0.96% | 0.23% | 0.15% | 0.57% | 0.27% | 0.58% | 0.49% | 0.50% | 0.41% | 0.31% | 0.72% | 0.73% | 6.07% |
| 2022 | -0.25% | -0.25% | -0.36% | -0.23% | -0.11% | -0.62% | 0.47% | 0.19% | -0.21% | 0.12% | 0.49% | 0.52% | -0.26% |
| 2021 | 0.18% | 0.07% | -0.03% | 0.16% | 0.06% | 0.05% | 0.05% | 0.04% | 0.03% | -0.06% | -0.16% | 0.04% | 0.43% |
| 2020 | 0.17% | 0.26% | -4.75% | 1.60% | 1.04% | 1.22% | -0.22% | 0.48% | 0.07% | 0.17% | 0.49% | 0.28% | 0.66% |
| 2019 | 0.58% | 0.42% | 0.32% | 0.32% | 0.22% | 0.21% | 0.21% | 0.20% | 0.15% | 0.28% | 0.17% | 0.17% | 3.31% |
| 2018 | 0.12% | 0.06% | 0.02% | 0.22% | 0.12% | 0.17% | 0.19% | 0.22% | 0.18% | 0.08% | -0.09% | -0.18% | 1.10% |
| 2017 | 0.10% | 0.20% | 0.04% | 0.17% | 0.09% | 0.17% | 0.10% | 0.10% | 0.11% | 0.15% | 0.06% | 0.06% | 1.37% |
| 2016 | -0.04% | -0.17% | 0.41% | 0.43% | 0.22% | 0.09% | 0.30% | 0.16% | 0.16% | 0.15% | 0.03% | 0.15% | 1.90% |
| 2015 | -0.08% | 0.25% | 0.05% | 0.13% | 0.06% | -0.06% | -0.01% | -0.06% | -0.20% | 0.06% | 0.14% | -0.07% | 0.21% |
| 2014 | 0.04% | 0.13% | 0.12% | 0.13% | 0.12% | 0.06% | 0.00% | 0.06% | -0.06% | -0.01% | -0.01% | -0.02% | 0.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, CULAX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Calvert Ultra-Short Duration Income Fund (CULAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Calvert Ultra-Short Duration Income Fund provided a 4.88% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.49 | $0.45 | $0.17 | $0.06 | $0.12 | $0.24 | $0.20 | $0.12 | $0.11 | $0.07 | $0.07 |
Dividend yield | 4.88% | 4.91% | 4.52% | 1.78% | 0.64% | 1.25% | 2.44% | 2.05% | 1.23% | 1.10% | 0.72% | 0.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Calvert Ultra-Short Duration Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2023 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.17 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2019 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
| 2014 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Calvert Ultra-Short Duration Income 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 Ultra-Short Duration Income Fund was 7.40%, occurring on Mar 25, 2020. Recovery took 177 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.4% | Mar 5, 2020 | 15 | Mar 25, 2020 | 177 | Dec 4, 2020 | 192 |
| -2.09% | Oct 8, 2021 | 172 | Jun 14, 2022 | 154 | Jan 25, 2023 | 326 |
| -1.22% | Jun 6, 2011 | 86 | Oct 5, 2011 | 97 | Feb 24, 2012 | 183 |
| -1.19% | Aug 6, 2007 | 10 | Aug 17, 2007 | 18 | Sep 13, 2007 | 28 |
| -0.93% | Sep 15, 2008 | 21 | Oct 13, 2008 | 57 | Jan 5, 2009 | 78 |
Volatility
Volatility Chart
The current Calvert Ultra-Short Duration Income Fund volatility is 0.41%, 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.