CUBAX Fees and Costs — Calvert Flexible Bond Fund, Class A
Data updated: 2026-08-24
The net expense ratio is 0.88% (0.89% before fee waivers). This share class carries a maximum front-end sales load of 3.25%. In fiscal 2025 the fund paid $22 in broker commissions, and portfolio turnover was 394%.
CUBAX Fees and Expenses
Annual operating expenses and sales charges of CUBAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.88% |
| Sales charges | |
|---|---|
| Max front load | 3.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CUBAX Costs Over Time
On $10,000 invested in CUBAX, assuming 5% a year before costs, total costs come to $949 over 5 years, cutting the return by 1.61% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $325 | $325 | $325 |
| Fund expenses (net expense ratio 0.88%) | $89 | $279 | $485 |
| Lost growth on money paid in costs | $16 | $65 | $139 |
| Total costs | $431 | $669 | $949 |
| Value after costs | $10,069 | $10,907 | $11,814 |
| Impact on return, per year | 4.31% | 2.06% | 1.61% |
CUBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $22
- Bought from dealers (principal trades, not a cost): $6.5B
- Portfolio turnover (prospectus): 394%
- Securities on loan, average value: $11.1M
- Net income from securities lending: $93K (0.014% of average net assets)
CUBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $22 | 100.00% |
CUBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $2.8B | 45.80% |
| J.P. Morgan Securities LLC | $998.3M | 16.47% |
| State Street Global Markets, LLC | $853.4M | 14.08% |
| Goldman Sachs & Co. LLC | $414.2M | 6.83% |
| Barclays Capital Inc. | $334.1M | 5.51% |
| BNP Paribas Securities Corp. | $290.6M | 4.80% |
| BofA Securities, Inc. | $162.9M | 2.69% |
| Mizuho Securities USA LLC | $109.0M | 1.80% |
| Citigroup Global Markets Inc. | $62.1M | 1.03% |
| Daiwa Capital Markets America Inc. | $60.2M | 0.99% |
Calvert Flexible Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CUBRX | Class R6 | 0.53% | none |
| CUBIX | Class I | 0.63% | none |
| CUBAX | Class A | 0.88% | 3.25% |
| CUBCX | Class C | 1.63% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.