CLDAX - Calvert Long Term Income A

Don't let mutual funds siphon away your returns.
Get our FREE Report: "Index Funds and ETFs – A Smarter Way To Invest"
Your Mutual Fund

Calvert Long Term Income A (CLDAX)
Expense Ratio: 1.25%
Expected Lifetime Fees: $36,271.73

The Calvert Long Term Income A fund (CLDAX) is a Long-Term Bond fund started on 12/31/2004 and has $220.30 million in assets under management. The current manager has been running Calvert Long Term Income A since 10/7/2011. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.25%

MarketRiders Prefers The Following ETF

Vanguard Long-Term Bond ETF (BLV)
Expense Ratio: 0.11%
Expected Lifetime Fees: $3,595.26

The Vanguard Long-Term Bond ETF (BLV) is an Exchange Traded Fund. It is a "basket" of securities that index the Long-Term Bond investment strategy and is an alternative to a Long-Term Bond mutual fund. Fees are very low compared to a comparable mutual fund like Calvert Long Term Income A because computers automatically manage the stocks.

The Following Long-Term Bond Funds Have Lower Fees Than Calvert Long Term Income A (CLDAX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
Cohen & Steers Preferred Sec & Inc A CPXAX 44.0% 1,100 1.10%
Cohen & Steers Preferred Sec & Inc I CPXIX 44.0% 1,100 0.75%
Delaware Extended Duration Bond A DEEAX 147.0% 728 0.95%
Delaware Extended Duration Bond Inst DEEIX 147.0% 728 0.70%
Delaware Extended Duration Bond R DEERX 147.0% 728 1.20%
Legg Mason WA Corporate Bond A SIGAX 100.0% 503 1.07%
Legg Mason WA Corporate Bond I SIGYX 100.0% 503 0.74%
Legg Mason Western Asset Corporate Bond Fund Class P LCBPX 100.0% 503 1.24%
Loomis Sayles Investment Grade F/I LSIGX 17.0% 598 0.49%
Nuveen Preferred Securities A NPSAX 60.0% 721 1.10%
Nuveen Preferred Securities I NPSRX 60.0% 721 0.85%
PIA BBB Bond PBBBX 58.0% 320 0.00%
PIMCO Long Duration Total Return Instl PLRIX 219.0% 6,300 0.50%
PIMCO Long-Term Credit Fund Institutional Class PTCIX 259.0% 2,300 0.55%
Steward Select Bond Inst SEACX 38.0% 137 0.67%
T. Rowe Price Corporate Income PRPIX 57.1% 621 0.64%
Vanguard Long-Term Bond Index Inst VBLLX 45.0% 5,600 0.07%
Vanguard Long-Term Bond Index Inv VBLTX 45.0% 5,600 0.22%
Vanguard Long-Term Investment-Grade Adm VWETX 29.0% 12,000 0.12%
Vanguard Long-Term Investment-Grade Inv VWESX 29.0% 12,000 0.22%

Search for a mutual fund by symbol or name:

Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.