Calvert Responsible Municipal Income Fund Class I is an open‑end municipal bond fund focused on delivering current income that is generally exempt from regular federal income tax. The portfolio predominantly holds investment‑grade tax‑exempt securities, typically allocating at least a majority to higher‑quality municipal issuers while maintaining diversified exposure across revenue and general obligation bonds. The strategy integrates the Calvert Principles for Responsible Investment, applying a research framework that evaluates issuer credit fundamentals alongside environmental, social, and governance considerations, including the use of bond proceeds. This approach emphasizes sectors such as public education, healthcare, transportation infrastructure, water and wastewater systems, and community development, reflecting the fund’s focus on essential public‑purpose projects. Benchmarked to a broad U.S. municipal bond index, the fund targets intermediate interest‑rate sensitivity to balance income generation with duration risk management. Managed by a seasoned municipals team within a large asset‑management platform, it plays a role for investors seeking federally tax‑exempt income with an explicitly responsible investing mandate aligned to municipal market dynamics.
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