Calamos Timpani Small Cap Growth Fund (CTSIX) is the result of the firm’s May 2019 acquisition of Timpani Capital Management, a boutique small- and smid-cap investment manager based in Milwaukee. CTSIX, maintaining its investment team and eight-year track record, offers access to small capitalization companies with high, sustainable growth potential that may exceed market expectations.
Among 121 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 121, 95 and 33 Market Neutral Funds, respectively, for the period ended 6/30/19.
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 206 Long-Short Equity Funds. The fund’s load-waived Class I shares had 4 stars for 3 years out of 206 Long-Short Equity Funds for the period ended 6/30/19.
Seeks strong risk-adjusted and absolute returns across the global equity universe. The fund uses a global long/short strategy to invest in publicly listed equity securities.
Among 95 Options-based Funds. The fund’s load-waived Class I shares had 4 stars for 3 years out of 95 Options-based Funds for the period ended 6/30/19.
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.
July 16, 2019
This hypothetical illustration demonstrates how 10 annual contributions of $4,000 into Calamos Growth & Income Fund (A Shares at NAV) from 1997 to 2006 would have been enough to cover college expenses of $30,000 a year from 2015-2018.
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 Long/Short Equity Category funds take a net long stock position, meaning the total market risk from the long positions is not completely offset by the market risk of the short positions. Total return, therefore, is a combination of the return from market exposure (beta) plus any value-added from stock-picking or market-timing (alpha).
Morningstar Options-Based Category represents funds that generate a significant portion of their returns from the collection of premiums on options contracts sold.