Replays Available: CIO Conference Calls During Week of March 23
Over the last two weeks, Calamos conference calls featured a range of market perspectives with the Calamos Investment Management Team providing updates on their respective domains, including convertibles, liquid alternatives, equities, fixed income and the closed-end fund market. Replays of all calls are available.
Alternative: Market Neutral
CMNIX
Market Neutral Income Fund
5 Stars
Among 99 Market Neutral funds. The Fund's load-waived Class I Shares had 3 stars for 3 years, 5 stars for 5 years and 5 stars for 10 years out of 99, 78 and 21 Market Neutral Funds, respectively, for the period ended 2/29/2020.
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 114 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 114 and 68 Options-based Funds, respectively, for the period ended 2/29/2020.
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, 273 and 193 Allocation--70% to 85% Equity Funds, respectively, for the period ended 2/29/2020.
The fund invests primarily in U.S. equity and convertible securities in an attempt to balance risk/reward while providing growth and income.
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Our PM John Hillenbrand on picking the winners among today’s opportunities bit.ly/2UZfCGm #volatility #convertiblesecurities
On the Blogs
Investment Ideas
CGIIX’s Hillenbrand: Opportunities in Oversold Cyclicals and Longer-Term Secular Growth Names
April 2, 2020
John Hillenbrand, CPA, Co-CIO, and Senior Co-Portfolio Manager of Calamos Growth and Income Fund (CGIIX) , describes the near-term signs of the market bottoming process that his team is watching for.
Investment Team Voices
The CARES Act Should Limit Downside Risks and Set the Stage for a Faster Recovery
March 31, 2020
The CARES Act can reduce immediate downside risks as well as systematic shocks to the U.S. economy and financial system, says John Hillenbrand, Co-CIO and Senior Co-Portfolio Manager. He explains why he believes the Act will be successful in its overall goals, and some areas positioned to benefit from an investment standpoint.
Featured Newsletters
Newsletter
Calamos Alternative Snapshot
March 30, 2020
Last Week: Record Rush to Cash, S&P’s Up 10%+, 60/40 Stumbles
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%.