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
| ISIN | US1315826115 |
|---|---|
| CUSIP | 131582611 |
| Issuer | Calvert Research and Management |
| Inception Date | Oct 31, 2006 |
| Category | Ultrashort Bond |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
The Calvert Ultra-Short Duration Income Fund has a high expense ratio of 0.72%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: CULAX vs. SPY, CULAX vs. TQQQ
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 1.35% year-to-date (YTD) and 5.98% in the last 12 months. Over the past 10 years, Calvert Ultra-Short Duration Income Fund had an annualized return of 1.62%, while the S&P 500 had an annualized return of 10.52%, indicating that Calvert Ultra-Short Duration Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.35% | 6.92% |
| 1 month | -0.10% | -2.83% |
| 6 months | 3.14% | 23.86% |
| 1 year | 5.98% | 23.33% |
| 5 years (annualized) | 2.00% | 11.66% |
| 10 years (annualized) | 1.62% | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.52% | 0.41% | 0.52% | |||||||||
| 2023 | 0.41% | 0.31% | 0.72% | 0.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Calvert Ultra-Short Duration Income Fund(CULAX)
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 granted a 4.75% dividend yield in the last twelve months. The annual payout for that period amounted to $0.47 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.45 | $0.17 | $0.06 | $0.12 | $0.24 | $0.21 | $0.13 | $0.11 | $0.07 | $0.07 | $0.07 |
Dividend yield | 4.75% | 4.52% | 1.77% | 0.64% | 1.24% | 2.45% | 2.10% | 1.25% | 1.10% | 0.72% | 0.68% | 0.71% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | |||||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 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 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 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 |
| 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 |
| 2015 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2014 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 |
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 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.
The current Calvert Ultra-Short Duration Income Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.4% | Mar 2, 2020 | 18 | Mar 25, 2020 | 177 | Dec 4, 2020 | 195 |
| -2.1% | Oct 8, 2021 | 174 | Jun 16, 2022 | 152 | Jan 25, 2023 | 326 |
| -1.23% | 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 | 53 | Dec 29, 2008 | 74 |
Volatility
Volatility Chart
The current Calvert Ultra-Short Duration Income Fund volatility is 0.10%, 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.