Calvert Floating-Rate Advantage Fund Class A (CFOAX)
| Fund Assets | 34.57M |
| Expense Ratio | 2.79% |
| Min. Investment | $1,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 5.84% |
| Dividend Growth | -27.31% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 8.51 |
| YTD Return | -0.39% |
| 1-Year Return | 3.05% |
| 5-Year Return | 22.11% |
| 52-Week Low | 8.51 |
| 52-Week High | 8.80 |
| Beta (5Y) | n/a |
| Holdings | 114 |
| Inception Date | Oct 10, 2017 |
About CFOAX
Calvert Floating-Rate Advantage Fund Class A is a mutual fund designed to provide a high level of current income through investments in floating-rate debt securities. Under normal circumstances, it allocates at least 80% of its total assets to income-producing floating-rate loans and other similar instruments, primarily senior floating-rate loans of domestic and foreign borrowers. These senior loans are typically secured by collateral and rank higher in priority than subordinated debt or equity, though they generally carry below-investment-grade credit ratings associated with higher risk profiles. The fund pursues broad diversification across the floating-rate loan market, spanning various sectors, credit tiers, and issuers to manage volatility while seeking income opportunities. It employs borrowing to acquire additional income-producing investments, which may amplify both potential returns and risks. Floating-rate structures help mitigate interest rate sensitivity, as coupon payments adjust periodically with benchmark rates, offering resilience in rising rate environments. Calvert Floating-Rate Advantage Fund Class A plays a key role in fixed-income portfolios by providing exposure to the leveraged loan asset class, which often exhibits low correlation to traditional equities and bonds, enhancing overall diversification for income-focused strategies.
Performance
CFOAX had a total return of 3.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.39%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFRCX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class C | 1.77% |
| FIQSX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class Z | 0.67% |
| FFRIX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class I | 0.77% |
| FFRTX | Fidelity | Fidelity Advisor Floating Rate High Income Fund - Class M | 1.02% |
| FFRHX | Fidelity | Fidelity Floating Rate High Income Fund | 0.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.03122 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03611 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02827 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04161 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04317 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04083 | Nov 28, 2025 |