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.

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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.

On the Blogs

Investment Ideas

The CMNIX Team on Volatility, Pricing and Positioning for Opportunity

March 30, 2020

At a time of extreme market volatility, our team provides an update on how they’re navigating the challenge—as well as recognizing opportunity—for Calamos Market Neutral income Fund (CMNIX) and Calamos Hedged Equity Fund (CIHEX), two funds with “the same mentality but different risk budgets.”

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Investment Team Voices

Investing through Coronavirus Uncertainty: 3 Global Themes Creating Investment Opportunity Calamos Global Equity Team

March 30, 2020

In challenging environments, top-down secular themes provide “a wind in the sails” that can help companies stay above the economy. In this post, the Calamos Global Equity Team revisits three themes that they’ve been bullish on for quite some time: Bioprocessing, artificial intelligence, and global payments. While growth prospects for these themes were strong coming into this crisis, the team expects opportunity to increase in these uncertain times.

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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%.