The Calamos investment team makes the case for additional market upside—while cautioning investors to prepare for turbulence.
Among 95 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 95, 74 and 20 Market Neutral Funds, respectively, for the period ended 8/31/2020.
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.
Among 113 Options-based funds. The Fund's risk-adjusted returns based on load-waived Class I Shares had 5 stars for 3 years and 5 stars for 5 years out of 113 and 69 Options-based Funds, respectively, for the period ended 8/31/2020.
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.
Among 301 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 301, 279 and 188 Allocation--70% to 85% Equity Funds, respectively, for the period ended 8/31/2020.
The fund invests primarily in U.S. equity and convertible securities in an attempt to balance risk/reward while providing growth and income.
September 18, 2020
The team is on alert to take advantage of dislocations that may present themselves in a market that includes plenty of anomalies and as we head toward the third quarter earnings season and the national elections.
Investment Team Voices
September 17, 2020
As investors face the challenge of a low interest rate environment, Calamos closed-end funds have distribution histories and current distribution levels that make them a compelling choice for income-oriented investors. Additionally, current market prices offer an attractive opportunity for long-term investors.
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%.