- What does CAGIX invest in?
- The Calvert Growth Allocation Fund operates as a multi-manager portfolio, seeking to achieve its financial objectives by primarily distributing its capital among various underlying Calvert-managed funds. These subsidiary portfolios focus on both fixed-income and equity investments, all while adhering to the fund's specific selection criteria, which notably incorporate its responsible investing principles. Regarding asset distribution, the fund characteristically dedicates a significant majority—between 80% and 100%—of its net assets to funds primarily invested in common equities. A smaller portion, up to 20% of its net assets, is typically directed towards funds that concentrate on income-generating securities. Additionally, the fund maintains the flexibility to hold a minor percentage, ranging from 0% to 10% of its net assets, in highly liquid instruments such as cash and short-term money market funds.
- What is the expense ratio of CAGIX?
- Calvert Growth Allocation Fund (CAGIX) charges an expense ratio of 0.66%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is CAGIX?
- Calvert Growth Allocation Fund (CAGIX) manages $396.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is CAGIX actively managed or an index fund?
- CAGIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was CAGIX launched?
- Calvert Growth Allocation Fund (CAGIX) launched in May 2016 and is managed by the fund issuer.
- How has CAGIX performed?
- CAGIX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
