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Calamos Government Money Market Fund
Objective
Fund Objective
Seeks maximum current income consistent with liquidity and stability of capital.
Investment Strategy
- Invests exclusively in U.S. Government obligations, including U.S. Treasury bills, notes, bonds, and other obligations issued or guaranteed by the U.S. Government, its agencies and instrumentalities, and repurchase agreements backed by such obligations
- Aims to take advantage of interest rate increases and preserve yield in interest rate decreases
Investment Management Team
Day-to-day management of the portfolio is a team effort. Within the team, four senior members have primary and supervisory responsibility for the Fund. They are: Co-Chief Investment Officers John P. Calamos, Sr. and Nick P. Calamos, CFA; Director of Fixed Income Matthew Toms, CFA; and Senior Strategy Analyst Frank Rachwalski, CFA.
Performance
YTD Return as of 7/23/08 1.60%
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Yield and return will vary.
Total return measures net investment income and capital gain or loss from portfolio investments for each period specified. All performance shown assumes reinvestment of dividends and capital gains distributions. Performance shown reflects an expense reimbursement that improved results. In the case of a money market fund, the yield quotation more closely reflects the current earnings of the fund than the total return quotation.
Composition as of 7/22/08
Fund Composition  View All Holdings |
| Total Net Assets |
$777,742,248.25 |
| % Maturity Within 7 Days |
30.2% |
| Asset Allocation |
| U.S. Government Agencies |
51.22% |
| Other |
41.4% |
| Repurchase Agreements |
7.38% |
Fund Information
| Inception |
May 16, 2007 |
| Investor Requirements |
Institutions only; other entities, such as investment companies, may purchase shares under certain circumstances. Please see the prospectus for more information. |
| Purchase Requirements |
Minimum initial investment of $1,000,000; no minimum requirement for subsequent purchases |
| Ticker Symbol |
CGIXX |
| CUSIP |
128119328 |
| Benchmark |
30-Day U.S. Treasury Bill |
| Ratings |
AAAm (S&P1); Aaa (Moody's2) |
| Redemptions Cutoff Time3 |
3:00 p.m. ET |
| Purchases Cutoff Time4 |
4:00 p.m. ET |
| Distributions |
Monthly |
| Expenses5 |
Fund's total expense ratio is capped at 0.27% |
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1The Fund has received a rating of AAAm from Standard & Poor's. This rating indicates S&P's opinion that the Fund offers extremely strong capacity to maintain principal stability and to limit exposure to loss due to credit, market and/or liquidity risks. Standard & Poor's Fund Ratings represent opinion only, not a recommendation to buy or sell.
2Moody's money market fund rating of AAA in the U.S.
3If your redemption order is received at or after 3:00 p.m. and before 4:00 p.m. Eastern time, your redemption order will be processed at that day's NAV and you will receive that day's dividend. If your redemption order is received before 3:00 p.m., you will not receive that day's dividend.
4Generally, if you place your order by 4:00 p.m. Eastern time, you will receive that day's offering price.
5Calamos Advisors has contractually agreed to reimburse Fund expenses through February 28, 2009, to the extent necessary so that Total Annual Operating Expenses after any such reimbursement do not exceed 0.27% for Class I shares. After such date, the expense limitation may be terminated or revised. |
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Fund Snapshot
| Data as of 7/23/08 |
| Total Net Assets |
$703.0 M |
| Daily Yield |
2.11% |
| SEC 7-Day Yield |
2.08% |
| Compound 7-Day |
2.10% |
| SEC 30-Day Yield |
2.07%
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| Compound 30-Day |
2.09%
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| Average Days to Maturity |
55 |
| Daily Factor |
0.00005651 |
See Notes  |
| Literature |
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Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus containing this and other information or call 800-582-6959. Read it carefully.
Important Fund Information
An investment in the Government Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, this share price is not guaranteed and you could lose money by investing in the Fund.
NOTES
SEC 7-day Yield and SEC 30-day Yield—Represent net investment income earned by the Fund over a 7-day period and 30-day period, respectively, expressed as an annual percentage rate based on the Fund's share price at the end of the respective 7-day or 30-day periods. The SEC Yield should be regarded as an estimate of the Fund's rate of investment income, and it may not equal the Fund's actual income distribution rate, the income paid to a shareholder's account, or the income reported in the Fund's financial statements.
Compound (Effective) 7-day and 30-day Yields—Calculated similarly, although these figures are slightly higher than the Fund's 7-day and 30-day SEC Yields because of the effects of compounding. The 7-day and 30-day Compound Effective Yields assume that income earned from the Fund's investments is reinvested and generating additional income.
Calamos Financial Services LLC, Distributor
7161
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