Fund Evaluator:
Calvert Short Duration Income C (CDICX)
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Fund Details
Calvert Short Duration Income C Overview
Calvert Short Duration Income C (CDICX) is an actively managed Taxable Bond Short-Term Bond fund. Calvert Research and Management launched the fund in 2002.
The investment seeks to maximize income, to the extent consistent with preservation of capital, through investment in short-term bonds and income-producing securities. The fund typically invests at least 65% of its net assets in investment grade, U.S. dollar-denominated debt securities, as assessed at the time of purchase. It may invest up to 35% of its net assets in below-investment grade, high-yield debt instruments (commonly known as "junk bonds"), including distressed instruments that are in default. The fund may also invest up to 25% of its net assets in foreign debt securities.
About Calvert Short Duration Income C (CDICX)
There are 2 members of the management team with an average tenure of 12.11 years: Vishal Khanduja (2013), Brian Ellis (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Universal TR USD index with a weighting of 100% and Bloomberg Credit 1-5 Yr TR USD index with a weighting of 100%. Calvert Short Duration Income C has 453 securities in its portfolio. The top 10 holdings constitute 30.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Calvert Short Duration Income C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Calvert Short Duration Income C has 12.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 94.8% (82.5% domestic bond, 12.4% foreign bond and 0.0% convertible bond). Calvert Short Duration Income C has 5.2% of the portfolio in cash.
Assets Under Management
The fund has $11 million in total assets, which is below the $904 million average for the Short-Term Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CDICX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Calvert Short Duration Income C expense ratio is high compared to funds in the Short-Term Bond category. Calvert Short Duration Income C has an expense ratio of 1.51%, which is 128% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Calvert Short Duration Income C has a portfolio turnover rate of 150%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 135% for the Short-Term Bond category.
Recently, in the month of July 2026, Calvert Short Duration Income C returned -0.2%, which earned it a grade of D, as the Short-Term Bond category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Calvert Short Duration Income C has a trailing yield of 3.58%, which is below the 4.16% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Calvert Short Duration Income C Grades
Year to date, the fund has returned 0.4%, 0.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.7% over the past year (grade of F), 4.6% over the past three years (grade of D) and 2.0% per year over the past five years (grade of D) and 2.0% per year over the past 10 years (grade of D).
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CDICX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CDICX Return (NAV) | -0.2% | 0.1% | 2.7% | 4.6% | 2.0% | 2.0% |
| CDICX Grade | D | D | F | D | D | D |
| +/- Category | -0.1% | -0.2% | -0.7% | -0.4% | -0.3% | -0.3% |
| Short-Term Bond Avg | -0.0% | 0.3% | 3.4% | 5.0% | 2.2% | 2.3% |
| CDICX Tax Cost Ratio | na | na | 1.4% | 1.5% | 1.2% | 0.9% |
CDICX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CDICX Return (NAV) | 0.4% | 5.4% | 4.6% | 6.5% | -5.7% | 0.1% | 3.7% | 5.4% | -0.7% | 1.4% | 2.5% |
| CDICX Grade | F | D | D | B | D | B | C | B | F | D | B |
| +/- Category | -0.5% | -0.5% | -0.3% | 0.9% | -0.7% | 0.2% | -0.5% | 0.7% | -1.4% | -0.4% | -0.1% |
| Short-Term Bond Avg | 0.9% | 5.9% | 4.9% | 5.6% | -5.0% | -0.0% | 4.2% | 4.8% | 0.7% | 1.9% | 2.5% |
| Risk Measures | |
| Standard Deviation: | 2.0% |
| Total Risk Index: | 0.16 - Low |
| Category Risk Index: | 1.01 - Above Average |
| Category Risk Grade: | D (67% Rank) |
| Beta: | 0.33 |
| R-Squared: | 88% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 3.6% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2871 Mil |
| Fund Total Assets: | $ 12 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 150% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.5 years | |||
| Average Tenure: 12.1 years | |||
| Managers (Year): Khanduja Vishal (2013), Ellis Brian (2015) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 453 |
| % in Top 10 Holdings: | 30.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 12.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 82.5% |
| Foreign Bond: | 12.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.2% |
Purchase Information
| Fund Family: | Calvert Research and Management |
| Phone Number: | 800-368-2745 |
| Website: | www.calvert.com |
| Status: | Open |
| Inception Date: | October 1, 2002 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.51% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.66% |
| Share Class: | Calvert Short Duration Income A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
