Calvert Flexible Bond Fund Class A
CUBAX
NASDAQ- -
USD
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Capital Structure
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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
- Oct 1, 2014
- CIK
- 0000319676
- Website
- calvert.com
- Similar Companies
- Business
- Calvert Flexible Bond Fund (Class A) (CUBAX) is a multisector bond mutual fund that seeks positive absolute returns over a full market cycle, regardless of market conditions, through a flexible investment process allocating across global fixed-income markets; it employs an absolute return strategy benchmarking to the ICE Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index and integrates responsible investing principles for environmental, social, and governance factors. The fund invests primarily in fixed-income securities including U.S. and non-U.S. bonds, high-yield debt securities without limitation, corporate bonds, agency mortgage-backed securities, asset-backed securities, government securities, bank loans, commercial mortgage-backed securities, non-agency residential mortgage-backed securities, and cash equivalents; top holdings typically feature securities such as Federal National Mortgage Association notes, U.S. Treasury Notes, and Morgan Stanley Institutional Liquidity Government Securities; it maintains a portfolio with medium credit quality, limited interest-rate sensitivity, effective duration around 2.95 years, and diversification across sectors like corporate bonds (approximately 26.5%), agency mortgage-backed (23.7%), cash equivalents (13.5%), government (13.2%), and asset-backed (11.8%). Launched on September 30, 2014, and domiciled in the United States, the fund is managed by Calvert Research and Management, headquartered at 1825 Connecticut Avenue NW, Suite 400, Washington, DC; Calvert Research and Management, founded in 1976 as a pioneer in responsible investing, was acquired by Eaton Vance in 2017 and became part of Morgan Stanley Investment Management following Morgan Stanley's $7 billion acquisition of Eaton Vance, completed on March 1, 2021. The fund targets investors seeking nontraditional bond exposure with a focus on income and capital preservation independent of broader bond market movements, offering share classes including Class A with a 3.25% front-end load, net expense ratio of 0.90-0.92%, and minimum initial investment of $1,000; it is available primarily to U.S. investors through platforms like Fidelity and Schwab. In recent developments, the fund has maintained its absolute return approach amid 2024-2025 market volatility, with portfolio adjustments reflecting ongoing integration of Calvert's ESG research following the Morgan Stanley affiliation; while specific fund-level changes like new launches are not noted, Calvert Research and Management expanded its broader offerings in September 2023 with three new ESG equity mutual funds succeeding Eaton Vance strategies (Calvert Global Equity Fund, Calvert Global Small Cap Equity Fund, and Calvert Small/Mid-Cap Fund), enhancing the firm's responsible investing platform.