Calvert Responsible Municipal Income Fund Class C is an actively managed municipal bond mutual fund focused on delivering current income that is generally exempt from regular federal income tax. The strategy invests primarily in a diversified portfolio of U.S. municipal securities, including a mix of investment-grade and medium to lower-rated issues, to balance income potential with credit and interest rate risk management. The fund integrates the Calvert environmental, social, and governance research framework, applying a structured, four-step process—credit review, sector rating, obligor evaluation, and assessment of use of proceeds—to favor bonds with measurable environmental or social benefits across areas such as education, transportation, clean water, and community development. It maintains broad sector and issuer diversification, with hundreds of holdings and an intermediate interest rate profile aligned to the Bloomberg Municipal Bond Index. Class C shares feature a distribution paid monthly and an expense ratio typical of level-load share classes. Overall, the fund serves investors seeking federally tax-exempt income within a responsible investing mandate in the U.S. municipal market.
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