Our Economic and Market Outlook
We see signs of recovery in the global economy and markets. The current downturn is likely to be severe but short, and oversold markets and dislocations have created many pockets of opportunity. However, unprecedented uncertainties make this is a critical period for active management. Read our full outlook (PDF).
Alternative: Market Neutral
CMNIX
Market Neutral Income Fund
5 Stars
Among 99 Market Neutral funds. The Fund's load-waived Class I Shares had 4 stars for 3 years, 5 stars for 5 years and 5 stars for 10 years out of 99, 83 and 21 Market Neutral Funds, respectively, for the period ended 6/30/2020.
Core market strategies include covered call writing and convertible arbitrage. Together, these strategies are intended to provide the fund with an enhanced potential for risk-managed returns due to their differing responses to volatility.
Alternative: Options-based
CIHEX
Hedged Equity Fund
5 Stars
Among 117 Options-based funds. The Fund's load-waived Class I Shares had 5 stars for 3 years and 5 stars for 5 years out of 117 and 65 Options-based Funds, respectively, for the period ended 6/30/2020.
Aims to achieve the total return of equity markets with lower volatility. It utilizes a covered call strategy, which invests in a diversified portfolio of equities while using options to generate income and manage risk.
U.S. EQUITY: U.S. EQUITIES AND CONVERTIBLES
CGIIX
Growth and Income Fund
5 Stars
Among 309 Allocation--70% to 85% Equity funds. The Fund's load-waived Class I Shares had 5 stars for 3 years, 5 stars for 5 years and 4 stars for 10 years out of 309, 278 and 194 Allocation--70% to 85% Equity Funds, respectively, for the period ended 6/30/2020.
The fund invests primarily in U.S. equity and convertible securities in an attempt to balance risk/reward while providing growth and income.
On the Blogs
Investment Ideas
In a Historically Challenging Environment, Calamos Funds Produced Top-Ranking YTD Performance
July 10, 2020
It’s volatile, uncertain markets like these that Calamos’ risk-managed approach anticipates. Managing volatility is our specialty, as demonstrated by fund performance in the first half of 2020.
Investment Team Voices
ESG: A Signpost for Identifying Opportunities and Risks
July 8, 2020
In recent years, environmental, social and governance (ESG) factors have become increasingly important to many governments and companies, as well as investors. In this post, the Calamos global team explains how they incorporate ESG into their multi-faceted approach.
Featured Newsletters
Newsletter
Calamos Alternative Snapshot
July 6, 2020
Last Cycle’s Return Drivers Likely to Be Muted This Cycle
All About Convertible Securities
Our Convertible Securities: Structures, Valuation, Market Environment and Asset Allocation guide is a resource on how convertible bonds work. It’s written by Calamos Founder, Chairman and Global Chief Investment Officer John P. Calamos, Sr.
The Morningstar Market Neutral Category represents funds that attempt to eliminate the risks of the market by holding 50% of assets in long positions in stocks and 50% of assets in short positions.
Morningstar Options-Based Category represents funds that generate a significant portion of their returns from the collection of premiums on options contracts sold.
Morningstar Allocation—70% to 85% Equity funds seek to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds and cash. These portfolios are dominated by domestic holdings and have equity exposures between 70% and 85%.