Calvert Conservative Allocation Fund
CALCX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1825 Connecticut Avenue Nw Washington DC United States of America 20009
- IPO Date
- Apr 29, 2005
- CIK
- 0000356682
- Website
- calvert.com
- Similar Companies
- Business
- Calvert Conservative Allocation Fund (CALCX) is a fund-of-funds mutual fund that seeks total return through a combination of current income and capital appreciation by primarily investing in underlying Calvert fixed-income and equity funds that meet responsible investing criteria; it typically allocates 50%-80% of net assets to fixed-income funds, including Calvert Bond Fund Class R6 (27.35%), Calvert Core Bond Fund Class I (13.92%), Calvert Mortgage Access Fund Class I (7.11%), and Calvert Flexible Bond Fund Class R6 (6.09%), and 20%-50% to equity funds, such as Calvert US Large Cap Core Responsible Index Fund Class R6 (8.57%), with up to 10% in cash and short-term instruments; the fund may also employ derivative instruments like futures, options, swaps, and exchange-traded funds for rebalancing, tactical allocations, duration management, and cash management. Launched on April 29, 2005, and domiciled in the United States, the fund is managed by Schuyler Hooper since November 12, 2021, and Jim Caron since February 1, 2024, with total net assets of approximately $229 million USD across share classes and a net expense ratio of 1.74% for Class C shares. It operates within the moderately conservative allocation category, emphasizing ESG-integrated strategies from Calvert Research and Management, a Washington, DC-based firm founded in 1976 as part of Morgan Stanley Investment Management following the 2021 acquisition of Eaton Vance. In recent developments, Calvert Research and Management expanded its U.S. equity offerings in 2023 by launching the Calvert Global Equity Fund, Calvert Global Small Cap Equity Fund, and Calvert Small/Mid-Cap Fund through acquisitions and conversions of Eaton Vance funds, enhancing its responsible investment platform with proprietary ESG research; additionally, in July 2024, it announced a $25,000 contribution from Morgan Stanley Investment Management to support sustainable initiatives, while maintaining commitments to proxy voting and diversity proposals in 2025. The fund targets U.S. investors seeking balanced, responsible exposure across U.S. bonds (51.91%), U.S. stocks (24.97%), non-U.S. stocks (9.78%), non-U.S. bonds (5.73%), and cash (7.12%), with geographic focus primarily in the United States, Eurozone, and developed Asia.