Calvert Short Duration Income A Fund (CSDAX - Free Report) a Zacks Rank #1 (Strong Buy) was incepted in January 2002 and is managed by Calvert Asset Management Company. CSDAX seeks to maximize income to the extent consistent with prudent investment management and preservation of capital, through investment in short term bonds and other income producing securities. CSDAX uses an active strategy, seeking relative value to earn incremental income. CSDAX typically invests at least 65% of its assets in investment grade debt securities. Under normal circumstances, CSDAX's average portfolio duration ranges from one to three years.
The Calvert Short Duration Income A fund, managed by Calvert Group, carries an expense ratio of 1.08%. Moreover, CSDAX requires a minimal initial investment of $2,000.
CSDAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 1.5% and 5 year 2.4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>