Companies of all kinds issue bonds (called corporate bonds since they're offered by corporations) to raise cash for a variety of reasons. A company may want to expand, for example, or to invest significantly in a physical plant.

Ratings firms like Moody's Investors Service and Standard & Poor's assign "grades" to bonds based on the issuer's perceived ability to pay interest on time and to repay the principal at the bond's maturity. Bonds of higher-rated companies are generally considered "investment grade."

Uncovering Exceptional Corporate Bond Investments with the FourSight^TM Management Approach

All five of Calvert's corporate bond funds are characterized as "moderately conservative" in their risk level and typically direct well over half of their assets to investment-grade bonds. They all use Calvert's own FourSight management strategy, which simultaneously manages duration, monitors the yield curve, optimizes sector allocation, and analyzes credit.  We believe that FourSight's four-tiered approach enables us to navigate constantly changing market and interest rate conditions in order to ultimately identify the most attractive corporate bond opportunities. 

Calvert Income Fund (CFICX)
Seeks to maximize long-term income to the extent consistent with prudent investment management and preservation of capital, through investment in bonds and other income-producing securities. Typically, the Fund's duration ranges from three to five years. Currently, it's positioned at four years, somewhat defensive in anticipation of rising interest rates.

Calvert Long-Term Income Fund (CLDAX)
Seeks to maximize income and total return to the extent consistent with prudent investment management and preservation of capital, through investment in long-term bonds and other income-producing securities.

Calvert Social Investment Fund Bond Portfolio (CSIBX)
Investors with environmental, social and corporate ethics concerns may be particularly interested in this Portfolio. Calvert's screening process helps to identify investments with strong management and solid business practices. We believe such companies are well positioned for long-term success. Seeks to provide as high a level as is consistent with prudent investment risk and preservation of capital through investment in bonds and other debt securities. Typically, the Portfolio's duration ranges between three and five years, and it is currently at four years, positioned defensively in anticipation of rising interest rates.

Calvert Short Duration Income Fund (CSDAX)
Seeks to maximize income to the extent consistent with prudent investment risk and preservation of capital through investment in short-term bonds and other income-producing securities. The Fund's duration typically ranges from one to three years, providing some measure of protection relative to longer-duration funds in a rising-interest-rate environment.

Calvert Ultra-Short Floating Income Fund (CULAX)
Seeks to maximize income to the extent consistent with preservation of capital, through investment in short-term bonds and other income-producing securities. Under normal circumstances, the Fund's average portfolio duration will be less than one year.

Talk with your financial advisor today about which Calvert fixed-income investments may be best suited to your needs and overall investment profile. If you don't have a financial advisor, use our free Advisor Finder^TM Service to locate a qualified investment professional in your area. You can also contact our Sales Department at 800.368.2748.