Fixed Income Investing
Calvert was founded in 1976 with a single income fund. Today, we offer more than a dozen bond and money market funds. Our taxable bond fund team integrates economic and fundamental analysis techniques to seek to identify securities with strong relative valuations. Through a time-tested and award-winning approach, we look to uncover investment opportunities that are often overlooked by other money managers.
All of Calvert's fixed income strategies employ a four-tiered process called FourSight. The culmination of Calvert's 30-plus years of fixed income portfolio management experience, FourSight integrates four primary management components into a fluid, cohesive process that has delivered competitive results even during difficult markets. The four components are:
Manage duration. Calvert's bond team strategically manages the portfolio's interest rate sensitivity by selecting securities having the proper mix of duration. (Duration is a measure of a bond's or bond fund's sensitivity to changes in interest rates. The longer the duration, the greater the price change relative to interest rate movements.)
Monitor the yield curve. The yield curve is a graph plotting the yields of bonds of the same quality from the shortest maturity to the longest. The shape of the yield curve changes constantly in response to a wide range of factors that drive interest rates higher or lower at various points on the curve. Calvert has developed specific trading strategies based on ongoing changes in the yield curve.
Optimize sector allocation. Calvert chooses specific sectors of the bond market such as U.S. Treasuries, agency securities, corporates, or mortgages by examining both market conditions and the relative value of each sector.
Analyze credit quality. Calvert's credit analysts apply rigorous fundamental credit analysis to screen and select securities they believe will enhance overall portfolio performance.
Click the links below to view Fund Profiles, which include Investment Objective, Management, Portfolio Characteristics, Investor Services, Account Minimums and Literature, updated monthly.
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