John Koudounis, Calamos CEO, analyzes the market’s volatility on Bloomberg TV - 03/10/20

March 10, 2020

Watch as Calamos CEO John Koudounis shares his thoughts on the market’s volatility and how investors should react to recent developments.

This interview aired 03/10/20.

Before investing carefully consider the fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing.

HEF AART and Exp Ratio 12-31-19

MNI AART and Exp Ratio 12-31-19

PLS AART and Exp Ratio 12-31-19

Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. We believe the information provided here is reliable, but do not warrant its accuracy or completeness. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for all investors. The material has been prepared for informational purposes only, and is not intended to provide, and should not be relied upon for, accounting, legal or tax advice. References to future returns are not promises or even estimates of actual returns a client portfolio may achieve. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.

Important Information About Risk: An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. More detailed information regarding these risks can be found in the Fund’s prospectus.

The principal risks of investing in Calamos Phineus Long/Short Fund include: equity securities risk consisting of market prices declining in general, short sale risk consisting of potential for unlimited losses, foreign securities risk, currency risk, geographic concentration risk, other investment companies (including ETFs) risk, derivatives risk, options risk, and leverage risk.

The principal risks of investing in the Calamos Market Neutral Income Fund include: equity securities risk consisting of market prices declining in general, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk, convertible hedging risk, covered call writing risk, options risk, short sale risk, interest rate risk, credit risk, high yield risk, liquidity risk, portfolio selection risk, and portfolio turnover risk.

The principal risks of investing in the Calamos Hedged Equity Income Fund include: covered call writing risk, options risk, equity securities risk, correlation risk, mid-sized company risk, interest rate risk, credit risk, liquidity risk, portfolio turnover risk, portfolio selection risk, foreign securities risk, American depository receipts, and REITs risks.

Convertible Arbitrage involves buying convertible bonds and short selling their underlying equities to attempt to hedge against equity risk, while still providing the potential for upside returns.

Covered Call Writing: As the writer of a covered call option on a security, the fund foregoes, during the option’s life, the opportunity to profit from increases in the market value of the security, covering the call option above the sum of the premium and the exercise price of the call.

Convertible Hedging Risk: If the market price of the underlying common stock increases above the conversion price on a convertible security, the price of the convertible security will increase. The fund’s increased liability on any outstanding short position would, in whole or in part, reduce this gain.

Options Risk—the Fund's ability to close out its position as a purchaser or seller of an over-the-counter or exchange-listed put of call option is dependent, in part, upon the liquidity of the options market. There are significant differences between the securities and options markets that could result in an imperfect correlation among these markets, causing a given transaction not to achieve its objectives. The Fund's ability to utilize options successfully will depend on the ability of the Fund's investment advisor to predict pertinent market movements, which cannot be assured.

©2020 Calamos Investments LLC. All Rights Reserved. Calamos® and Calamos Investments® are registered trademarks of Calamos Investments LLC.

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Media Appearances

Calamos CEO John Koudounis discusses the Chicago CEO COVID-19 Coalition on Mornings with Maria - 05/18/20

May 18, 2020

Watch as Calamos CEO John Koudounis explains the Chicago CEO COVID-19 Coalition, an organization he founded to aid Chicago in its COVID-19 relief and recovery.

Nick Niziolek discusses his outlook for emerging markets amid pandemic on Money Life 04/08/20

April 14, 2020

Listen in as Nick Niziolek, CFA, Co-CIO, Head of International and Global Strategies, Senior Co-Portfolio Manager, provides analysis on prospects for an emerging markets recovery following the COVID-19 pandemic.

John P. Calamos, Sr. on CNBC Closing Bell 02-27-20

February 27, 2020

Watch as Calamos Investments Founder, Chairman and Global Chief Investment Officer John P. Calamos, Sr. shares his thoughts on navigating highly volatile markets on CNBC’s Closing Bell.

Calamos CEO John Koudounis appears on CNBC’s Power Lunch 11-25-19

November 26, 2019

Calamos CEO John Koudounis joins CNBC’s Power Lunch to provide his reaction to new merger activity and how it reflects corporate growth strategies, suggesting that investors need to stay invested.

Michael Grant looks at growth versus value on Yahoo! Finance 10-09-19

October 9, 2019

Watch as Michael Grant, Co-CIO, Senior Co-Portfolio Manager, examines factors behind the market’s rotation from growth equities to value equities.

Calamos CEO John Koudounis shares insights with Maria Bartiromo on Mornings with Maria 9-30-19

September 30, 2019

John Koudounis stresses the importance of remaining invested during periods of market volatility during this interview with Maria Bartiromo.

Calamos CEO John Koudounis at 2019 Concordia Annual Summit

September 25, 2019

Watch the full panel discussion featuring Calamos CEO John Koudounis and Marc Lasry of Avenue Capital at the 2019 Concordia Annual Summit.

Calamos CEO John Koudounis appears on CNBC’s ‘Squawk Box’ 9-23-19

September 23, 2019

John Koudounis points out that people shy away from market volatility, but liquid alts using market neutral, long/short and hedged equity strategies can keep them invested.

Michael Grant discusses Brexit on Yahoo! Finance 8-29-19

August 29, 2019

Watch as Michael Grant, Co-CIO, Senior Co-Portfolio Manager, discusses the implications of Brexit and its impact on the UK during his appearance on Yahoo! Finance.

Calamos CEO John Koudounis on CNBC’s Closing Bell 8/27/19

August 27, 2019

Watch as Calamos CEO John Koudounis discusses the opportunities to be found in today's volatile markets.

Brandon M. Nelson, CFA, Senior Portfolio Manager, talks to Chuck Jaffe of Money Life Show, 8/19/19

August 20, 2019

Listen to Brandon Nelson explain why he thinks it’s a great time for selected small cap stocks.