February CIO Call Series Replays Now Available
February 24, 2022
Our just-completed series of CIO Conference Calls took place during a period of heightened volatility in the market, and culminated on February 24, the day after Russia invaded Ukraine. For insights on how nine Calamos investment teams representing a range of asset classes commented in real-time on their positioning, listen to the replays as shown below. Also, we're covering the remarks here, subscribe for updates.
Convertible Bond Market Review and Outlook
Jon Vacko, CFA, Senior Vice President, Senior Co-Portfolio Manager
Joe Wysocki, CFA, Senior Vice President, Senior Co-Portfolio Manager
Related blog post: ‘We’ve Been Here Before:’ Convertible Market Rotations, Volatility May Set Up Opportunities for CICVX
Fixed Income and Credit Market Perspectives
Matt Freund, CFA, Co-CIO, Head of Fixed Income Strategies, Senior Co-Portfolio Manager
Charles E. Carmody, Vice President, Co-Portfolio Manager and Senior Fixed Income Trader
Christian Brobst, Vice President, Co-Portfolio Manager
Related blog post: Fixed Income PMs on Positioning for a Generational Shift: High (But Moderating) Inflation
Sustainable Equities Review and Outlook
Jim Madden, CFA, Senior Vice President, Co-Portfolio Manager
Tony Tursich, CFA, Senior Vice President, Co-Portfolio Manager
Related blog post: Today’s Volatility Offers Prime Opportunity to ‘Make Hay’ for New ESG Fund
Calamos Phineus Long/Short (CPLIX) Review and Outlook
Michael Grant, Co-CIO, Senior Co-Portfolio Manager, Head of Long/Short Strategies
Related blog post: Off to a Strong Start to 2022, Grant’s CPLIX Positions for a Return to a World Where Profits Matter
Calamos Market Neutral Income Fund (CMNIX) Review and Outlook
Eli Pars, CFA, Co-CIO, Head of Alternative Strategies and Co-Head of Convertible Strategies, Senior Co-Portfolio Manager
Jason Hill, Senior Vice President, Co-Portfolio Manager
David O’Donohue, Senior Vice President, Co-Portfolio Manager
Related blog post: CMNIX Ready to Make the Most of This Choppy, Fragile Market
US Equity Market Perspective: Calamos Growth and Income Fund (CGIIX)
John Hillenbrand, CPA, Co-CIO, Head of Multi-Asset Strategies and Co-Head of Convertible Strategies, Senior Co-Portfolio Manager
Replay: www.calamos.com/CIOequities-2-23
Related blog post: Hillenbrand on CGIIX’s Flexibility in Navigating a Very Different Mid-cycle
Calamos Timpani Small Cap Growth Fund (CTSIX) Review and Outlook
Brandon M. Nelson, CFA, Senior Vice President, Senior Portfolio Manager
Replay: www.calamos.com/CIOsmallcap-2-23
Related blog post: CTSIX: Powering Through the Small Cap Bear Market, Expecting Strong Fundamentals to Ultimately Prevail
Calamos Hedged Equity Fund (CIHEX) Review and Outlook
Eli Pars, CFA, Co-CIO, Head of Alternative Strategies and Co-Head of Convertible Strategies, Senior Co-Portfolio Manager
Jason Hill, Senior Vice President, Co-Portfolio Manager
David O’Donohue, Senior Vice President, Co-Portfolio Manager
Related blog post: CIHEX’s Pars, Hill Make the Case for a ‘Living, Breathing’ Hedge in a Persistently Volatile Environment
The Calamos Perspective on Emerging Markets: Calamos Evolving World Growth Fund (CNWIX)
Nick Niziolek, CFA, Co-CIO, Head of Global Strategies, Senior Co-Portfolio Manager
Related blog post: Assuming a Short-lived Ukraine Conflict, Niziolek Positions CNWIX for Growth as the Rest of the World Re-opens
At Calamos we specialize in volatility. Investment professionals, for ideas on how we can help during these volatile times, reach out to your Calamos Investment Consultant at 888-571-2567 or caminfo@calamos.com.
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 1-866-363-9219. Read it carefully before investing.
Opinions are subject to change due to changes in the market, economic conditions or changes in the legal and/or regulatory environment and may not necessarily come to pass. This information is provided for informational purposes only and should not be considered tax, legal, or investment advice. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations.
Important Risk Information. 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. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
The principal risks of investing in 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 Timpani Small Cap Growth Fund include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, and portfolio selection risk. The Fund invests in small capitalization companies, which are often more volatile and less liquid than investments in larger companies. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
The principal risks of investing in the Calamos Evolving World Growth Fund include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, foreign securities risk, emerging markets risk, 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, and portfolio selection risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
The principal risks of investing in the Calamos Growth and Income Fund include: 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 consisting of fluctuations inconsistent with a convertible security and the risk of components expiring worthless, equity securities risk, growth stock risk, small and mid-sized company risk, interest rate risk, credit risk, liquidity risk, high yield risk, forward foreign currency contract risk and portfolio selection risk.
The principal risks of investing in the 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. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
The principal risks of investing in the Calamos Convertible Fund include: 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 consisting of fluctuations inconsistent with a convertible security and the risk of components expiring worthless, foreign securities risk, equity securities risk, interest rate risk, credit risk, high yield risk, portfolio selection risk and liquidity risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
The principal risks of investing in the Calamos Hedged Equity 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. As of March 1, 2019, Calamos Hedged Equity Income Fund’s name has been changed to Calamos Hedged Equity Fund.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
808648B 222
Archived material may contain dated performance, risk and other information. Current performance may be lower or higher than the performance quoted in the archived material. For the most recent month-end fund performance information visit www.calamos.com. Archived material may contain dated opinions and estimates based on our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions at the time of publishing. We believed the information provided here was 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. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on 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.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund’s maximum front-end sales load. Had it been included, the Fund’s return would have been lower.
Archived material may contain dated performance, risk and other information. Current performance may be lower or higher than the performance quoted in the archived material. For the most recent month-end fund performance information visit www.calamos.com. Archived material may contain dated opinions and estimates based on our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions at the time of publishing. We believed the information provided here was 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. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on 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.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund’s maximum front-end sales load. Had it been included, the Fund’s return would have been lower.
Archived on February 24, 2023