Pioneering Calamos Market Neutral Income Fund Marks 3 Decades of Liquid Alternatives Leadership

Since 1990, thousands of investment professionals have turned to CMNIX to provide the risk-managed performance that can serve as a ballast to clients’ portfolios. Join us in celebrating what makes CMNIX special.

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Alternative: Market Neutral

CMNIX

Market Neutral Income Fund
5 Stars

Among 101 Market Neutral funds. The Fund's risk-adjusted returns based on load-waived Class I Shares had 4 stars for 3 years, 5 stars for 5 years and 5 stars for 10 years out of 101, 74 and 22 Market Neutral Funds, respectively, for the period ended 9/30/2020.

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 109 Options-based funds. The Fund's risk-adjusted returns based on load-waived Class I Shares had 4 stars for 3 years and 5 stars for 5 years out of 109 and 65 Options-based Funds, respectively, for the period ended 9/30/2020.

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 310 Allocation--70% to 85% Equity funds. The Fund's risk-adjusted returns based on load-waived Class I Shares had 5 stars for 3 years, 5 stars for 5 years and 5 stars for 10 years out of 310, 279 and 190 Allocation--70% to 85% Equity Funds, respectively, for the period ended 9/30/2020.

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

Nelson Looks for Small Cap Rally to ‘Turbocharge’ an Already Strong Year

October 28, 2020

The “stars may be aligning” now for small caps to mean revert and claim their traditional role in outperforming large and mid caps, says Calamos Senior Portfolio Manager Brandon M. Nelson in a new AssetTV MasterClass interview.

See All Posts

Investment Team Voices

Perspectives on Growth and Inflation Expectations for a Post-Covid World

October 12, 2020

When thinking through which asset classes, sectors, and factors to favor, the Calamos global team frames the discussion around which cyclical regime we will be in based on the outlook for growth and inflation. There’s growing evidence that suggests a regime shift is underway.

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Featured Newsletters

Newsletter

Calamos Alternative Snapshot

October 26, 2020

Almost Half of Investors Expected the Market to Bounce Back

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%.