Calvert Conservative Allocation Fund

Frequently Asked Questions About CCLAX

What does CCLAX invest in?

The Calvert Conservative Allocation Fund functions as a "fund of funds," meaning it pursues its investment goals primarily by distributing its capital among various other Calvert-managed bond and stock portfolios. These underlying funds are carefully selected based on specific investment parameters, including the firm's responsible investing principles. Generally, the Fund allocates between 50% and 80% of its total assets to funds focused on income-generating securities, while dedicating 20% to 50% of its assets to funds primarily invested in equities. Up to 10% of the Fund's net assets may also be held in cash or highly liquid short-term money market instruments.

What is the expense ratio of CCLAX?

Calvert Conservative Allocation Fund (CCLAX) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations.

What is CCLAX's dividend yield?

CCLAX's trailing-twelve-month yield is 3.25%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CCLAX?

Effective duration measures CCLAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CCLAX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CCLAX?

CCLAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CCLAX?

Yield to maturity (YTM) is the total return you'd earn from CCLAX if every bond in the portfolio is held to maturity at the current price. CCLAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.