Calvert Core Bond Fund
CLDIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1825 Connecticut Avenue Nw Washington DC United States of America 20009
- IPO Date
- Feb 3, 2015
- CIK
- 0000701039
- Website
- calvert.com
- Similar Companies
- Business
- Calvert Core Bond Fund (CLDIX) is an open-end mutual fund that seeks total return with an emphasis on income through investments primarily in investment-grade, U.S. dollar-denominated debt securities, guided by the Calvert Principles for Responsible Investment. The fund normally invests at least 80% of its net assets in such securities, including U.S. government and agency obligations, corporate bonds, mortgage-backed securities, asset-backed securities; it may allocate up to 5% to below-investment-grade high-yield debt, including distressed instruments, and up to 25% to U.S. dollar-denominated foreign debt securities and American Depositary Receipts. Key portfolio sectors encompass agency mortgage-backed securities (approximately 27.62%), corporate bonds (22.42%), government securities (15.99%), asset-backed securities (12.21%), and cash equivalents (13.14%), with top holdings including Federal National Mortgage Association securities, U.S. Treasury Notes, and Morgan Stanley Institutional Liquidity Funds; the fund maintains an average effective maturity of around 6.15 years and effective duration of 5.94 years. Calvert Research and Management, the fund's investment adviser and part of Morgan Stanley Investment Management, was established in 1976 and is headquartered in Washington, DC. The firm, a leader in responsible and ESG investing with roots tracing to the first U.S. mutual fund opposing apartheid-era South Africa investments in 1982, manages the fund across multiple share classes including Class I (CLDIX, minimum initial investment $1,000,000), Class A (CLDAX), and Class R6 (CLDRX), with assets under management for CLDIX at approximately $1.15 billion and a net expense ratio of 0.49%. In a significant recent change, prior to February 1, 2021, the fund operated as the Calvert Long-Term Income Fund with a different investment objective and strategy, transitioning to its current multi-sector core bond approach focused on intermediate-term investment-grade debt while retaining ESG principles. Following Eaton Vance's 2017 acquisition of Calvert Investment Management and Morgan Stanley's $7 billion purchase of Eaton Vance completed on March 1, 2021, the fund benefits from enhanced integration within Morgan Stanley Investment Management, enabling expanded responsible investment offerings such as new equity mutual funds launched in 2023 that incorporate ESG factors from former Eaton Vance strategies. The fund targets institutional and high-net-worth investors, financial advisors, and employer-sponsored plans, operating primarily in U.S. fixed-income markets with limited non-U.S. exposure.