CYBAX : Calvert High Yield Bond Fund Class A

Fund Summary

The investment seeks high current income and capital appreciation, secondarily. Under normal circumstances, the fund invests at least 80% of its net assets (including borrowings for investment purposes) in high-yield, high-risk bonds, also known as "junk" bonds ("80% Policy"). It invests primarily in high-yield, high-risk bonds, with varying maturities, including distressed securities that are in default. The fund also may invest in trust preferred securities, taxable municipal obligations and loans. In addition, it may invest up to 35% of its net assets in foreign debt securities.