Calvert Conservative Allocation Fund
CFAIX
NASDAQ- -
USD
- -
- -
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
FRC
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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
- May 20, 2016
- CIK
- 0000356682
- Website
- calvert.com
- Similar Companies
- Business
- Calvert Conservative Allocation Fund (CFAIX) is a mutual fund managed by Calvert Research and Management that operates as a fund of funds, seeking current income and capital appreciation consistent with the preservation of capital by investing primarily in underlying Calvert funds. The fund typically allocates 50% to 80% of its assets to underlying funds focused on fixed-income securities, including Calvert Bond Fund (27.49%), Calvert Core Bond Fund (12.21%), Calvert Mortgage Access Fund (7.16%), and Calvert Flexible Bond Fund (6.18%); the remainder targets equities through funds such as Calvert US Large Cap Core Responsible Index Fund (9.23%) and others, resulting in approximate portfolio allocations of 53.57% US bonds, 25% US stocks, 9.47% non-US stocks, 5.88% non-US bonds, and 5.76% cash. It emphasizes responsible investing strategies across its holdings, with exposure to sectors like technology (8.01%), financial services (6.55%), and healthcare (4.12%), while targeting individual and institutional investors in the moderately conservative allocation category. Launched on May 20, 2016, the fund is headquartered in the United States under Calvert Research and Management, part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. Class I shares (CFAIX) require a minimum initial investment of $1,000,000 and feature a net expense ratio of 0.74%, with no front-end or deferred loads. The fund maintains total net assets of approximately $234.65 million, with Class I shares comprising $49.63 million. Recent management changes include Schuyler Hooper serving as lead portfolio manager since November 12, 2021, and Jim Caron joining as co-manager effective February 1, 2024. In calendar years 2016, 2017, and 2019, the fund benefited from one-time legal settlements that positively impacted performance, though such effects are not expected to recur. As of April 1, 2018, the Conservative Allocation Composite Benchmark was updated to blend 25% Russell 3000 Index, 10% MSCI All-Country World Ex US Investable Market Index, and 65% Bloomberg U.S. Aggregate Index. The fund continues to operate without reported acquisitions, major partnerships, or strategic reorganizations in the last 1-2 years.