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Morningstar

Calvert Ultra-Short Duration Income A CULAX

Morningstar Medalist Rating
Medalist Rating as of | See Eaton Vance Investment Hub
  • NAV / 1-Day Return 9.86  /  +0.04 %
  • Total Assets 744.3 Mil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.81%
  • Effective Duration 0.49 years

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 10:12 PM GMT+0

Morningstar’s Analysis CULAX

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

  • People Pillar

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

Integration is largely complete, and the team can access global resources.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

We have upgraded the People rating of Calvert Ultra-Short Duration Income to Above Average from Average. While the core portfolio management duo of Vishal Khanduja and Brian Ellis remains unchanged, the broader integration process between the previously separate Calvert, Eaton Vance, and Morgan Stanley fixed-income groups has now been largely completed. This provides the portfolio managers access to considerable analytical and trading resources globally, complementing their own experience with access to teams that are highly regarded by Morningstar analysts covering them, such as bank loans and high yield. Khanduja and Ellis have managed the strategy since 2016 and 2012, respectively.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings CULAX

More CULAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

3.28 23.9 Mil
Government

JPMorgan Chase & Co. 3.845%

2.27 16.6 Mil
Corporate

Capital One Financial Corp. 4.166%

2.15 15.7 Mil
Corporate

Ford Motor Credit Company LLC 5.125%

1.54 11.3 Mil
Corporate

VANTAGE DATA CENTERS ISSUER LLC 3.188%

1.52 11.1 Mil
Securitized

Bank of America Corp. 2.456%

1.48 10.8 Mil
Corporate

Credit Suisse AG New York Branch 3.625%

1.36 9.9 Mil
Corporate

HPEFS EQUIPMENT TRUST 2024-1 5.38%

1.34 9.8 Mil
Securitized

United States Treasury Bills 0%

1.31 9.5 Mil
Government

BROOKFIELD RENEWABLE PARTNERS L P 0%

1.30 9.5 Mil
Cash and Equivalents