Calamos Long/Short Equity & Dynamic Income Trust (CPZ)

Key Features

  • Seeks to provide hedged market exposure built around Calamos' time-tested global long/short equity strategy.
  • Designed to offer an attractive monthly distribution, supported by a multi-asset income strategy structured to be potentially less vulnerable to volatile financial markets.
  • Actively manages risk with dynamic asset allocation and adjustment of net equity exposure.
  • Leverages Calamos Investments' extensive experience in risk-managed equity investments, innovative income-oriented strategies, and alternative products.

Portfolio Fit

The fund may be appropriate for risk-conscious investors who want to put capital to work in pursuit of income and capital appreciation.

Fees & Expenses

As of 10/31/21
Expense %
Management Fee 1.35%
Leverage Fee 0.10%
Other Expenses 0.55%
Dividend and Interest Expense on Short Sales 0.47%
Total 2.47%

Fund Data

As of 10/31/21
Name Fund
Managed Assets $542,482,727
Total Common Share Assets $422,482,727
Shares Outstanding 19,632,194
Average Daily Volume (month) 51,963
Total Percent Leveraged 22.12%
Debt Coverage Ratio 452%
Leverage Assets $120,000,000
Debt Leverage $120,000,000

Important Fund Information

Current Annualized Distribution Rate is the Fund's most recent distribution, expressed as an annualized percentage of the Fund's current market price per share. Information regarding the Fund's most recent distribution can be found on the Data and Distribution tab under the table titled "Year To Date Distribution Detail". Estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis, but should not be used for tax reporting purposes. Distributions are subject to re-characterization for tax purposes after the end of the fiscal year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters. Under the Fund's managed distribution policy, distributions paid to common shareholders may include net investment income, net realized short-term capital gains and return of capital. When the net investment income and net realized short-term capital gains are not sufficient, a portion of the level rate distribution will be a return of capital. In addition, a limited number of distributions per calendar year may include net realized long-term capital gains. Distribution rate may vary. 

You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of closed-end funds frequently trade at a market price that is below their net asset value.

Investments by the Fund(s) in lower-rated securities involve substantial risk of loss and present greater risks than investments in higher-rated securities, including less liquidity and increased price sensitivity to changing interest rates and to a deteriorating economic environment.

Fixed Income Risk. Fixed-income securities are subject to interest rate risk; as interest rates go up, the value of debt securities in the Fund's portfolio generally will decline.

Convertible Securities Risk. The value of a convertible security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest rates decline. The credit standing of the issuer and other factors also, may have an effect on the convertible security's investment value.

Equity Securities Risk. Equity investments are subject to greater fluctuations in market value than other asset classes as a result of such factors as the issuer's business performance, investor perceptions, stock market trends and general economic conditions. Equity securities are subordinated to bonds and other debt instruments in a company's capital structure in terms of priority to corporate income and liquidation payments. The Fund may invest in preferred stocks and convertible securities of any rating, including below investment grade.

Short Selling Risk. The Fund will engage in short sales for investment and risk management purposes, including when the Adviser believes an investment will underperform due to a greater sensitivity to earnings growth of the issuer, default risk or interest rates. In times of unusual or adverse market, economic, regulatory or political conditions, the Fund may not be able, fully or partially, to implement its short selling strategy. Periods of unusual or adverse market, economic, regulatory or political conditions may exist for extended periods of time.Short sales are transactions in which the Fund sells a security or other instrument that it does not own but can borrow in the market. Short selling allows the Fund to profit from a decline in market price to the extent such decline exceeds the transaction costs and the costs of borrowing the securities and to obtain a low cost means of financing long investments that the Adviser believes are attractive. If a security sold short increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss. The Fund will have substantial short positions and must borrow those securities to make delivery to the buyer under the short sale transaction. The Fund may not be able to borrow a security that it needs to deliver or it may not be able to close out a short position at an acceptable price and may have to sell related long positions earlier than it had expected. Thus, the Fund may not be able to successfully implement its short sale strategy due to limited availability of desired securities or for other reasons.

Notes

Limited Term Risk. Unless the limited term provision of the Fund's Declaration of Trust is amended by shareholders in accordance with the Declaration of Trust, or unless the Fund completes the Eligible Tender Offer and converts to perpetual existence, the Fund will dissolve on the Dissolution Date. The Fund is not a so called "target date" or "life cycle" fund whose asset allocation becomes more conservative over time as its target date, often associated with retirement, approaches. In addition, the Fund is not a "target term" fund whose investment objective is to return its original NAV on the Dissolution Date. The Fund's investment objective and policies are not designed to seek to return to investors that purchase Shares in this offering their initial investment of $20.00 per Share on the Dissolution Date or in the Eligible Tender Offer, and such investors and investors that purchase Shares after the completion of this offering may receive more or less than their original investment upon dissolution or in the Eligible Tender Offer.

Leverage creates risks which may adversely affect return, including the likelihood of greater volatility of net asset value and market price of common shares; and fluctuations in the variable rates of the leverage financing. The ratio is the percent of borrowing to total assets.

Each fund has specific risks, which are outlined in the respective funds' prospectuses. The general risks involved in investing in a closed end fund include market volatility risk, dividend and income risk, and loss of investment risk. Please refer to each fund's prospectus, annual and semi-annual reports at www.calamos.com for complete information on the fund's performance, investments and risks. 

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Fund Details

As of 11/26/21
Market Price: $19.92
NAV: $20.60
Premium/Discount: -3.30%
Market Change: $-0.40
Annual Dist: 8.43%
Latest Dist: $0.1400
Ticker: CPZ
NAV Ticker: XCPZX
IPO Date: 11/26/19
IPO Share Price: $20.00
IPO NAV: $20.00

Resources

Distribution History

As of 10/31/21
Date Amount
12/31/2019 12:00:00 AM 0.0422
2/14/2020 12:00:00 AM 0.11
3/13/2020 12:00:00 AM 0.11
4/14/2020 12:00:00 AM 0.11
5/13/2020 12:00:00 AM 0.11
6/12/2020 12:00:00 AM 0.11
7/13/2020 12:00:00 AM 0.11
8/14/2020 12:00:00 AM 0.11
9/14/2020 12:00:00 AM 0.11
10/14/2020 12:00:00 AM 0.11
11/13/2020 12:00:00 AM 0.11
12/14/2020 12:00:00 AM 0.12
12/31/2020 12:00:00 AM 0.12
2/12/2021 12:00:00 AM 0.13
3/12/2021 12:00:00 AM 0.13
4/14/2021 12:00:00 AM 0.13
5/14/2021 12:00:00 AM 0.13
6/14/2021 12:00:00 AM 0.13
7/13/2021 12:00:00 AM 0.14
8/13/2021 12:00:00 AM 0.14
9/14/2021 12:00:00 AM 0.14
10/12/2021 12:00:00 AM 0.14
11/12/2021 12:00:00 AM 0.14

Cumulative Distribution History

As of 10/31/21
Date Cumulative Distribution
12/31/2019 12:00:00 AM 0.0422
2/14/2020 12:00:00 AM 0.1522
3/13/2020 12:00:00 AM 0.2622
4/14/2020 12:00:00 AM 0.3722
5/13/2020 12:00:00 AM 0.4822
6/12/2020 12:00:00 AM 0.5922
7/13/2020 12:00:00 AM 0.7022
8/14/2020 12:00:00 AM 0.8122
9/14/2020 12:00:00 AM 0.9222
10/14/2020 12:00:00 AM 1.0322
11/13/2020 12:00:00 AM 1.1422
12/14/2020 12:00:00 AM 1.2622
12/31/2020 12:00:00 AM 1.3822
2/12/2021 12:00:00 AM 1.5122
3/12/2021 12:00:00 AM 1.6422
4/14/2021 12:00:00 AM 1.7722
5/14/2021 12:00:00 AM 1.9022
6/14/2021 12:00:00 AM 2.0322
7/13/2021 12:00:00 AM 2.1722
8/13/2021 12:00:00 AM 2.3122
9/14/2021 12:00:00 AM 2.4522
10/12/2021 12:00:00 AM 2.5922
11/12/2021 12:00:00 AM 2.7322
Press Releases

Year to Date Distribution Detail

Month Ex Date Payable Date Distribution Ordinary Income Short-Term Capital Gains Long-Term Capital Gains Return of Capital
November 11/10/2021 11/19/2021 $0.1400 0.0000 0.0000 0.1400 0.0000
October 10/08/2021 10/20/2021 $0.1400 0.0000 0.0000 0.1400 0.0000
September 09/13/2021 09/20/2021 $0.1400 0.0418 0.0982 0.0000 0.0000
August 08/12/2021 08/20/2021 $0.1400 0.0152 0.1248 0.0000 0.0000
July 07/12/2021 07/20/2021 $0.1400 0.0209 0.1191 0.0000 0.0000
June 06/11/2021 06/18/2021 $0.1300 0.0162 0.1138 0.0000 0.0000
May 05/13/2021 05/20/2021 $0.1300 0.0272 0.1028 0.0000 0.0000
April 04/13/2021 04/20/2021 $0.1300 0.0111 0.1189 0.0000 0.0000
March 03/11/2021 03/19/2021 $0.1300 0.0000 0.1300 0.0000 0.0000
February 02/11/2021 02/19/2021 $0.1300 0.0000 0.1300 0.0000 0.0000

Ordinary income includes net investment income and short-term capital gains. The distribution tables provided here are for informational purposes only. Estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis, but should not be used for tax reporting purposes. Distributions may be subject to re-characterization for tax purposes after the end of the fiscal year. Individual (non-corporate) shareholders with taxable accounts will receive written notification regarding the components and tax treatment for distributions via Form 1099-DIV. If your distributions are reinvested in additional shares, you will receive a statement reflecting the reinvestment of the distribution. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters.

2020 Distribution Detail

For final tax characterization of distributions click here.

Important Fund Information

Current Annualized Distribution Rate is the Fund's most recent distribution, expressed as an annualized percentage of the Fund's current market price per share. Information regarding the Fund's most recent distribution can be found on the Data and Distribution tab under the table titled "Year To Date Distribution Detail". Estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis, but should not be used for tax reporting purposes. Distributions are subject to re-characterization for tax purposes after the end of the fiscal year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters. Under the Fund's managed distribution policy, distributions paid to common shareholders may include net investment income, net realized short-term capital gains and return of capital. When the net investment income and net realized short-term capital gains are not sufficient, a portion of the level rate distribution will be a return of capital. In addition, a limited number of distributions per calendar year may include net realized long-term capital gains. Distribution rate may vary. 

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 of an investment will fluctuate so that your shares, when sold, may be worth more or less than their original cost. Returns at NAV reflect the deduction of the Fund's management fee, debt leverage costs and other expenses, which can be found on the fund overview tab.You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of closed-end funds frequently trade at a discount which is a market price that is below their net asset value.

Investments by the Fund(s) in lower-rated securities involve substantial risk of loss and present greater risks than investments in higher-rated securities, including less liquidity and increased price sensitivity to changing interest rates and to a deteriorating economic environment.

Fixed Income Risk. Fixed-income securities are subject to interest rate risk; as interest rates go up, the value of debt securities in the Fund's portfolio generally will decline.

Convertible Securities Risk. The value of a convertible security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest rates decline. The credit standing of the issuer and other factors also, may have an effect on the convertible security's investment value.

Equity Securities Risk. Equity investments are subject to greater fluctuations in market value than other asset classes as a result of such factors as the issuer's business performance, investor perceptions, stock market trends and general economic conditions. Equity securities are subordinated to bonds and other debt instruments in a company's capital structure in terms of priority to corporate income and liquidation payments. The Fund may invest in preferred stocks and convertible securities of any rating, including below investment grade.

Short Selling Risk. The Fund will engage in short sales for investment and risk management purposes, including when the Adviser believes an investment will underperform due to a greater sensitivity to earnings growth of the issuer, default risk or interest rates. In times of unusual or adverse market, economic, regulatory or political conditions, the Fund may not be able, fully or partially, to implement its short selling strategy. Periods of unusual or adverse market, economic, regulatory or political conditions may exist for extended periods of time.Short sales are transactions in which the Fund sells a security or other instrument that it does not own but can borrow in the market. Short selling allows the Fund to profit from a decline in market price to the extent such decline exceeds the transaction costs and the costs of borrowing the securities and to obtain a low cost means of financing long investments that the Adviser believes are attractive. If a security sold short increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss. The Fund will have substantial short positions and must borrow those securities to make delivery to the buyer under the short sale transaction. The Fund may not be able to borrow a security that it needs to deliver or it may not be able to close out a short position at an acceptable price and may have to sell related long positions earlier than it had expected. Thus, the Fund may not be able to successfully implement its short sale strategy due to limited availability of desired securities or for other reasons.

Notes

Limited Term Risk. Unless the limited term provision of the Fund's Declaration of Trust is amended by shareholders in accordance with the Declaration of Trust, or unless the Fund completes the Eligible Tender Offer and converts to perpetual existence, the Fund will dissolve on the Dissolution Date. The Fund is not a so called "target date" or "life cycle" fund whose asset allocation becomes more conservative over time as its target date, often associated with retirement, approaches. In addition, the Fund is not a "target term" fund whose investment objective is to return its original NAV on the Dissolution Date. The Fund's investment objective and policies are not designed to seek to return to investors that purchase Shares in this offering their initial investment of $20.00 per Share on the Dissolution Date or in the Eligible Tender Offer, and such investors and investors that purchase Shares after the completion of this offering may receive more or less than their original investment upon dissolution or in the Eligible Tender Offer.

Leverage creates risks which may adversely affect return, including the likelihood of greater volatility of net asset value and market price of common shares; and fluctuations in the variable rates of the leverage financing. The ratio is the percent of borrowing to total assets.

Each fund has specific risks, which are outlined in the respective funds' prospectuses. The general risks involved in investing in a closed end fund include market volatility risk, dividend and income risk, and loss of investment risk. Please refer to each fund's prospectus, annual and semi-annual reports at www.calamos.com for complete information on the fund's performance, investments and risks. 

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Annualized Total Returns

As of 10/31/21
TimeFrame CPZ Market Price CPZ NAV
1 Month 2.3 -0.76
1 Year 58.49 33.57
Since Inception 9.83 12.09

Calendar Year Total Returns

As of 10/31/21
Date CPZ Market Price CPZ NAV
YTD 2021 25.96 11.07
2020 -3.28 11.09
2019* -1.74 0.91

*Reflects the fund's return from the inception date of 11/29/2019 through 12/31/2019.

Important Fund Information

Current Annualized Distribution Rate is the Fund's most recent distribution, expressed as an annualized percentage of the Fund's current market price per share. Information regarding the Fund's most recent distribution can be found on the Data and Distribution tab under the table titled "Year To Date Distribution Detail". Estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis, but should not be used for tax reporting purposes. Distributions are subject to re-characterization for tax purposes after the end of the fiscal year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters. Under the Fund's managed distribution policy, distributions paid to common shareholders may include net investment income, net realized short-term capital gains and return of capital. When the net investment income and net realized short-term capital gains are not sufficient, a portion of the level rate distribution will be a return of capital. In addition, a limited number of distributions per calendar year may include net realized long-term capital gains. Distribution rate may vary. 

You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of closed-end funds frequently trade at a market price that is below their net asset value.

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 of an investment will fluctuate so that your shares, when sold, may be worth more or less than their original cost. Returns at NAV reflect the deduction of the Fund's management fee, debt leverage costs and other expenses, which can be found on the fund overview tab.You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of closed-end funds frequently trade at a discount which is a market price that is below their net asset value.

Average annual return measures net investment income and capital gain or loss from portfolio investments as an annualized average, assuming reinvestment of income and capital gain distributions. In calculating net investment income, all applicable fees and expenses are deducted from the returns. Calendar year returns measure net investment income and capital gain or loss from portfolio investments for each period specified.

Investments by the Fund(s) in lower-rated securities involve substantial risk of loss and present greater risks than investments in higher-rated securities, including less liquidity and increased price sensitivity to changing interest rates and to a deteriorating economic environment.

Fixed Income Risk. Fixed-income securities are subject to interest rate risk; as interest rates go up, the value of debt securities in the Fund's portfolio generally will decline.

Convertible Securities Risk. The value of a convertible security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest rates decline. The credit standing of the issuer and other factors also, may have an effect on the convertible security's investment value.

Equity Securities Risk. Equity investments are subject to greater fluctuations in market value than other asset classes as a result of such factors as the issuer's business performance, investor perceptions, stock market trends and general economic conditions. Equity securities are subordinated to bonds and other debt instruments in a company's capital structure in terms of priority to corporate income and liquidation payments. The Fund may invest in preferred stocks and convertible securities of any rating, including below investment grade.

Short Selling Risk. The Fund will engage in short sales for investment and risk management purposes, including when the Adviser believes an investment will underperform due to a greater sensitivity to earnings growth of the issuer, default risk or interest rates. In times of unusual or adverse market, economic, regulatory or political conditions, the Fund may not be able, fully or partially, to implement its short selling strategy. Periods of unusual or adverse market, economic, regulatory or political conditions may exist for extended periods of time.Short sales are transactions in which the Fund sells a security or other instrument that it does not own but can borrow in the market. Short selling allows the Fund to profit from a decline in market price to the extent such decline exceeds the transaction costs and the costs of borrowing the securities and to obtain a low cost means of financing long investments that the Adviser believes are attractive. If a security sold short increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss. The Fund will have substantial short positions and must borrow those securities to make delivery to the buyer under the short sale transaction. The Fund may not be able to borrow a security that it needs to deliver or it may not be able to close out a short position at an acceptable price and may have to sell related long positions earlier than it had expected. Thus, the Fund may not be able to successfully implement its short sale strategy due to limited availability of desired securities or for other reasons.

Notes

Limited Term Risk. Unless the limited term provision of the Fund's Declaration of Trust is amended by shareholders in accordance with the Declaration of Trust, or unless the Fund completes the Eligible Tender Offer and converts to perpetual existence, the Fund will dissolve on the Dissolution Date. The Fund is not a so called "target date" or "life cycle" fund whose asset allocation becomes more conservative over time as its target date, often associated with retirement, approaches. In addition, the Fund is not a "target term" fund whose investment objective is to return its original NAV on the Dissolution Date. The Fund's investment objective and policies are not designed to seek to return to investors that purchase Shares in this offering their initial investment of $20.00 per Share on the Dissolution Date or in the Eligible Tender Offer, and such investors and investors that purchase Shares after the completion of this offering may receive more or less than their original investment upon dissolution or in the Eligible Tender Offer.

Leverage creates risks which may adversely affect return, including the likelihood of greater volatility of net asset value and market price of common shares; and fluctuations in the variable rates of the leverage financing. The ratio is the percent of borrowing to total assets.

Each fund has specific risks, which are outlined in the respective funds' prospectuses. The general risks involved in investing in a closed end fund include market volatility risk, dividend and income risk, and loss of investment risk. Please refer to each fund's prospectus, annual and semi-annual reports at www.calamos.com for complete information on the fund's performance, investments and risks. 

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Share Price / NAV History

As of 11/26/21
Date NAV Price
11/29/2019 20 20
12/2/2019 20 19.9
12/3/2019 19.99 19.95
12/4/2019 20 19.92
12/5/2019 20 19.96
12/6/2019 20.03 19.6
12/9/2019 20.03 19.88
12/10/2019 20.04 19.83
12/11/2019 20.05 19.9
12/12/2019 20.06 20
12/13/2019 20.12 19.96
12/16/2019 20.15 20.01
12/17/2019 20.14 20
12/18/2019 20.15 20
12/19/2019 20.15 20.39
12/20/2019 20.14 20.27
12/23/2019 20.16 20.09
12/24/2019 20.16 19.74
12/26/2019 20.17 19.67
12/27/2019 20.18 19.69
12/30/2019 20.12 19.81
12/31/2019 20.14 19.61
1/2/2020 20.15 19.7
1/3/2020 20.14 19.67
1/6/2020 20.16 19.75
1/7/2020 20.14 20.14
1/8/2020 20.13 19.84
1/9/2020 20.12 20.06
1/10/2020 20.11 20.03
1/13/2020 20.09 19.99
1/14/2020 20.09 19.84
1/15/2020 20.08 19.9
1/16/2020 20.08 19.94
1/17/2020 20.08 19.82
1/21/2020 20.04 19.71
1/22/2020 20.03 19.47
1/23/2020 20.03 19.35
1/24/2020 20.05 19.4
1/27/2020 20 19.4
1/28/2020 20.02 19.42
1/29/2020 20.04 19.45
2/3/2020 19.85 19.36
2/4/2020 19.9 19.65
2/5/2020 19.95 19.65
2/6/2020 19.95 19.4
2/7/2020 19.92 19.36
2/10/2020 19.94 19.4
2/11/2020 19.99 19.5
2/12/2020 20.03 19.48
2/13/2020 19.91 19.33
2/14/2020 19.85 19.38
2/18/2020 19.79 19.44
2/19/2020 19.78 19.34
2/20/2020 19.75 19.3
2/21/2020 19.73 18.97
2/24/2020 19.49 18.4
2/25/2020 19.31 18.02
2/26/2020 19.26 18.25
2/27/2020 18.99 18.19
2/28/2020 18.85 18.24
3/2/2020 18.96 17.84
3/3/2020 18.9 17.61
3/4/2020 19.18 18.09
3/5/2020 18.77 18.1
3/6/2020 18.49 17.98
3/9/2020 17.34 16.1
3/10/2020 17.61 16.26
3/11/2020 17.04 15.05
3/12/2020 15.4 14.04
3/13/2020 15.87 13.84
3/16/2020 14.26 11.24
3/17/2020 14.37 12.07
3/18/2020 13.08 9.64
3/19/2020 13.37 11.16
3/20/2020 13.62 10.91
3/23/2020 13.36 11.05
3/24/2020 14.6 11.8
3/25/2020 15.5 12.55
3/26/2020 16.26 13.81
3/27/2020 15.71 14.39
3/30/2020 15.88 14.39
3/31/2020 15.89 14.44
4/1/2020 15.2 13.84
4/2/2020 15.39 13.18
4/3/2020 15.01 13.34
4/6/2020 15.7 13.95
4/7/2020 16.12 13.66
4/8/2020 16.63 14.14
4/9/2020 17.17 15.54
4/13/2020 16.96 14.9
4/14/2020 17.11 14.87
4/15/2020 16.62 14.75
4/16/2020 16.43 14.16
4/17/2020 17.06 14.46
4/20/2020 16.79 14.5
4/21/2020 16.41 14.44
4/22/2020 16.54 14.9
4/23/2020 16.71 14.45
4/24/2020 16.7 14.36
4/27/2020 16.97 14.21
4/28/2020 17.26 14.25
4/29/2020 17.94 14.92
4/30/2020 17.61 15.23
5/1/2020 17.15 15.11
5/4/2020 17.17 15.02
5/5/2020 17.13 14.96
5/6/2020 16.91 14.99
5/7/2020 17.16 15
5/8/2020 17.48 14.98
5/11/2020 17.23 15.16
5/12/2020 16.78 14.97
5/13/2020 16.38 14.33
5/14/2020 16.35 14.1
5/15/2020 16.25 13.9
5/18/2020 17.01 14.33
5/19/2020 16.95 14.78
5/20/2020 17.25 14.86
5/21/2020 17.26 14.65
5/22/2020 17.22 14.84
5/26/2020 17.83 15
5/27/2020 18.17 15.18
5/28/2020 18.04 15.57
5/29/2020 17.96 15.68
6/1/2020 18.27 15.69
6/2/2020 18.52 15.68
6/3/2020 19.14 16.18
6/4/2020 19.29 16.43
6/5/2020 19.97 17.12
6/8/2020 20.44 17.73
6/9/2020 19.9 17.56
6/10/2020 19.45 17.26
6/11/2020 18.16 16.2
6/12/2020 18.61 16.48
6/15/2020 18.67 16.62
6/16/2020 18.93 16.99
6/17/2020 18.72 16.82
6/18/2020 18.7 16.3
6/19/2020 18.52 16.2
6/22/2020 18.58 16.17
6/23/2020 18.65 16.16
6/24/2020 18.09 15.6
6/25/2020 18.21 15.67
6/26/2020 17.87 15.09
6/29/2020 18.05 15.37
6/30/2020 18.08 15.5
7/1/2020 18.04 15.35
7/2/2020 18.2 15.24
7/6/2020 18.35 15.39
7/7/2020 17.96 15.28
7/8/2020 18.02 15.41
7/9/2020 17.71 15.36
7/10/2020 17.83 15.1
7/13/2020 17.78 15.2
7/14/2020 17.85 15.06
7/15/2020 18.25 15.5
7/16/2020 18.15 15.87
7/17/2020 18.17 15.53
7/20/2020 18.08 15.63
7/21/2020 18.35 15.73
7/22/2020 18.38 15.66
7/23/2020 18.28 15.6
7/24/2020 18.19 15.74
7/27/2020 18.1 15.56
7/28/2020 18.14 15.19
7/29/2020 18.31 15.42
7/30/2020 18.06 15.34
7/31/2020 17.89 15.29
8/3/2020 17.99 15.2
8/4/2020 18.11 15.23
8/5/2020 18.24 15.88
8/6/2020 18.27 15.75
8/7/2020 18.32 15.96
8/10/2020 18.62 15.92
8/11/2020 18.78 16.14
8/12/2020 18.79 16.44
8/13/2020 18.51 16.33
8/14/2020 18.54 16.18
8/17/2020 18.45 16.14
8/18/2020 18.35 16.13
8/19/2020 18.28 16.01
8/20/2020 18.21 15.86
8/21/2020 18.18 15.86
8/24/2020 18.44 15.9
8/25/2020 18.45 15.78
8/26/2020 18.41 15.65
8/27/2020 18.48 15.54
8/28/2020 18.66 15.7
8/31/2020 18.46 15.61
9/1/2020 18.33 15.59
9/2/2020 18.46 15.57
9/3/2020 18.41 15.2
9/4/2020 18.47 15.08
9/8/2020 18.31 14.88
9/9/2020 18.36 15.1
9/10/2020 18.25 15.25
9/11/2020 18.18 15.15
9/14/2020 18.39 15.54
9/15/2020 18.35 15.33
9/16/2020 18.55 15.33
9/17/2020 18.53 15.24
9/18/2020 18.35 15.18
9/21/2020 17.85 14.82
9/22/2020 17.81 14.64
9/23/2020 17.57 14.29
9/24/2020 17.51 14
9/25/2020 17.57 14.05
9/28/2020 17.84 14.51
9/29/2020 17.69 14.39
9/30/2020 17.71 14.52
10/1/2020 17.73 14.63
10/2/2020 17.89 14.46
10/5/2020 18 14.79
10/6/2020 18 14.91
10/7/2020 18.07 15.25
10/8/2020 18.27 15.04
10/9/2020 18.29 15.22
10/12/2020 18.27 15.44
10/13/2020 17.88 15.22
10/14/2020 17.9 15.28
10/15/2020 17.82 15.15
10/16/2020 17.85 15.04
10/19/2020 17.75 15.03
10/20/2020 17.89 15.18
10/21/2020 17.85 15.03
10/22/2020 18.08 15.13
10/23/2020 18.25 14.88
10/26/2020 17.96 14.73
10/27/2020 17.64 14.69
10/28/2020 17.21 14.08
10/29/2020 17.36 14.43
10/30/2020 17.44 14.13
11/2/2020 17.59 14.4
11/3/2020 17.93 14.63
11/4/2020 18.03 15.04
11/5/2020 18.28 15.09
11/6/2020 18.17 15.17
11/9/2020 19.56 15.48
11/10/2020 19.9 16.03
11/11/2020 19.83 16.42
11/12/2020 19.54 16.38
11/13/2020 19.88 16.48
11/16/2020 20.32 16.71
11/17/2020 20.33 16.69
11/18/2020 20.21 16.87
11/19/2020 20.27 16.92
11/20/2020 20.1 17.01
11/23/2020 20.38 17.16
11/24/2020 20.8 17.31
11/25/2020 20.61 17.26
11/27/2020 20.48 17.37
11/30/2020 20.13 17.18
12/1/2020 20.43 17.33
12/2/2020 20.58 17.45
12/3/2020 20.79 17.58
12/4/2020 21.06 17.94
12/7/2020 20.82 17.84
12/8/2020 20.83 17.86
12/9/2020 20.88 17.86
12/10/2020 20.82 17.98
12/11/2020 20.5 17.59
12/14/2020 20.45 17.51
12/15/2020 20.67 17.64
12/16/2020 20.65 17.6
12/17/2020 20.69 17.75
12/18/2020 20.49 17.62
12/21/2020 20.35 17.22
12/22/2020 20.29 17.13
12/23/2020 20.56 17.27
12/24/2020 20.64 17.31
12/28/2020 20.68 17.52
12/29/2020 20.62 17.55
12/30/2020 20.52 17.37
12/31/2020 20.56 17.43
1/4/2021 20.31 17.67
1/5/2021 20.44 17.45
1/6/2021 20.73 17.86
1/7/2021 20.62 18.42
1/8/2021 20.56 18.26
1/11/2021 20.4 17.76
1/12/2021 20.52 17.89
1/13/2021 20.4 17.98
1/14/2021 20.61 17.92
1/15/2021 20.43 17.65
1/19/2021 20.51 18.28
1/20/2021 20.58 18.14
1/21/2021 20.39 18.47
1/22/2021 20.28 18.02
1/25/2021 20.1 17.8
1/26/2021 20.02 17.65
1/27/2021 19.78 17.3
1/28/2021 20.01 17.55
1/29/2021 19.77 17.4
2/1/2021 19.88 17.87
2/2/2021 20.15 18.07
2/3/2021 20.39 17.84
2/4/2021 20.51 18.06
2/5/2021 20.66 18.07
2/8/2021 20.78 18.44
2/9/2021 20.73 18.23
2/10/2021 20.86 18.27
2/11/2021 20.6 18.18
2/12/2021 20.67 18.21
2/16/2021 20.88 18.16
2/17/2021 20.93 18.59
2/18/2021 20.87 18.55
2/19/2021 21.04 18.39
2/22/2021 21.37 18.57
2/23/2021 21.67 18.85
2/24/2021 21.94 19
2/25/2021 21.7 18.54
2/26/2021 21.52 18.31
3/1/2021 21.62 18.67
3/2/2021 21.74 18.64
3/3/2021 22.01 18.96
3/4/2021 21.98 18.97
3/5/2021 22.2 19.32
3/8/2021 22.42 19.54
3/9/2021 22.21 19.55
3/10/2021 22.31 19.72
3/11/2021 22.25 19.47
3/12/2021 22.4 19.56
3/15/2021 22.49 19.71
3/16/2021 22.43 19.76
3/17/2021 22.48 19.91
3/18/2021 22.39 19.8
3/19/2021 22.38 19.75
3/22/2021 22.3 19.89
3/23/2021 22.11 19.73
3/24/2021 22.25 19.85
3/25/2021 22.44 19.9
3/26/2021 22.62 19.9
3/29/2021 22.55 19.85
3/30/2021 22.63 19.96
3/31/2021 22.51 20.11
4/1/2021 22.67 20.02
4/5/2021 22.81 20.02
4/6/2021 22.79 20.14
4/7/2021 22.82 20.15
4/8/2021 22.85 20.4
4/9/2021 22.84 20.68
4/12/2021 22.82 20.35
4/13/2021 22.63 20.14
4/14/2021 22.67 20.24
4/15/2021 22.73 20.36
4/16/2021 22.74 20.35
4/19/2021 22.74 20.35
4/20/2021 22.46 20.12
4/21/2021 22.59 20.12
4/22/2021 22.55 20.25
4/23/2021 22.71 20.61
4/26/2021 22.77 20.49
4/27/2021 22.93 20.64
4/28/2021 23.1 20.78
4/29/2021 23.09 20.74
4/30/2021 22.92 20.74
5/3/2021 23.01 20.74
5/4/2021 22.9 20.6
5/5/2021 23.02 20.62
5/6/2021 22.96 20.6
5/7/2021 22.98 20.69
5/10/2021 22.99 20.75
5/11/2021 22.77 20.53
5/12/2021 22.57 20.3
5/13/2021 22.5 20.36
5/14/2021 22.79 20.44
5/17/2021 22.85 20.69
5/18/2021 22.79 20.66
5/19/2021 22.69 20.68
5/20/2021 22.74 20.84
5/21/2021 22.71 20.76
5/24/2021 22.83 20.84
5/25/2021 22.8 20.75
5/26/2021 22.85 20.89
5/27/2021 23.06 20.75
5/28/2021 22.99 20.6
6/1/2021 23.24 20.68
6/2/2021 23.27 21.06
6/3/2021 23.05 21.18
6/4/2021 23.04 20.95
6/7/2021 23.03 21.33
6/8/2021 23.07 21.11
6/9/2021 22.91 21.23
6/10/2021 22.88 21.27
6/11/2021 22.75 21.26
6/14/2021 22.7 20.85
6/15/2021 22.72 20.59
6/16/2021 22.57 20.76
6/17/2021 22.42 20.8
6/18/2021 22.2 20.77
6/21/2021 22.49 20.96
6/22/2021 22.47 20.68
6/23/2021 22.43 20.71
6/24/2021 22.46 20.67
6/25/2021 22.51 20.9
6/28/2021 22.21 20.86
6/29/2021 22.08 20.79
6/30/2021 22.09 20.805
7/1/2021 22.23 20.89
7/2/2021 22.24 20.88
7/6/2021 22.05 20.62
7/7/2021 21.98 20.42
7/8/2021 21.79 20.31
7/9/2021 22.08 20.33
7/12/2021 21.92 20.4
7/13/2021 21.74 20.45
7/14/2021 21.69 20.38
7/15/2021 21.65 20.24
7/16/2021 21.48 20
7/19/2021 20.96 19.53
7/20/2021 21.38 19.63
7/21/2021 21.72 19.85
7/22/2021 21.6 20
7/23/2021 21.64 20.09
7/26/2021 21.75 19.94
7/27/2021 21.66 19.92
7/28/2021 21.77 20
7/29/2021 21.79 19.99
7/30/2021 21.62 20.11
8/2/2021 21.51 20.05
8/3/2021 21.52 20.27
8/4/2021 21.38 20.04
8/5/2021 21.67 20.2
8/6/2021 21.87 20.21
8/9/2021 21.73 20.2
8/10/2021 21.89 20.27
8/11/2021 22.08 20.4
8/12/2021 21.93 20.37
8/13/2021 21.8 20.45
8/16/2021 21.63 20.37
8/17/2021 21.44 20.25
8/18/2021 21.39 19.94
8/19/2021 21.08 20.13
8/20/2021 21.1 19.96
8/23/2021 21.31 19.96
8/24/2021 21.59 20.08
8/25/2021 21.76 20.13
8/26/2021 21.62 20.21
8/27/2021 21.87 20.16
8/30/2021 21.64 20.09
8/31/2021 21.68 20.09
9/1/2021 21.68 20.25
9/2/2021 21.71 20.14
9/3/2021 21.67 20.19
9/7/2021 21.65 20.38
9/8/2021 21.47 20.42
9/9/2021 21.57 20.48
9/10/2021 21.38 20.43
9/13/2021 21.41 20.25
9/14/2021 21.22 20.15
9/15/2021 21.38 20.34
9/16/2021 21.37 20.21
9/17/2021 21.3 20.59
9/20/2021 21.14 19.52
9/21/2021 21.15 20.17
9/22/2021 21.38 20.27
9/23/2021 21.72 20.25
9/24/2021 21.76 20.2
9/27/2021 22.02 20.16
9/28/2021 21.92 20.15
9/29/2021 21.87 20.25
9/30/2021 21.82 20.35
10/1/2021 22.25 20.34
10/4/2021 22.14 20.14
10/5/2021 22.16 20.38
10/6/2021 22.13 20.4
10/7/2021 22.18 20.69
10/8/2021 22.11 20.68
10/11/2021 22.02 20.69
10/12/2021 22.09 20.7
10/13/2021 22.11 20.8
10/14/2021 22.26 20.79
10/15/2021 22.37 20.74
10/18/2021 22.26 20.86
10/19/2021 22.22 20.89
10/20/2021 22.29 20.95
10/21/2021 22.22 20.86
10/22/2021 22.16 20.9
10/25/2021 22.12 20.6
10/26/2021 22.04 20.6
10/27/2021 21.84 20.76
10/28/2021 21.7 20.73
10/29/2021 21.51 20.68
11/1/2021 21.82 20.57
11/2/2021 21.79 20.62
11/3/2021 21.93 20.64
11/4/2021 21.65 20.71
11/5/2021 22.2 20.76
11/8/2021 22.2 20.89
11/9/2021 22.14 20.8
11/10/2021 21.86 20.56
11/11/2021 21.83 20.66
11/12/2021 21.73 20.59
11/15/2021 21.76 20.62
11/16/2021 21.67 20.57
11/17/2021 21.47 20.45
11/18/2021 21.36 20.25
11/19/2021 21.09 20.26
11/22/2021 21.16 20.12
11/23/2021 21.21 20.1
11/24/2021 21.13 20.32
11/26/2021 20.6 19.92

Premium / Discount

As of 11/26/21
Date Discount
11/29/2019 0
12/2/2019 -0.5
12/3/2019 -0.2
12/4/2019 -0.4
12/5/2019 -0.2
12/6/2019 -2.15
12/9/2019 -0.75
12/10/2019 -1.05
12/11/2019 -0.75
12/12/2019 -0.3
12/13/2019 -0.8
12/16/2019 -0.69
12/17/2019 -0.7
12/18/2019 -0.74
12/19/2019 1.19
12/20/2019 0.65
12/23/2019 -0.35
12/24/2019 -2.08
12/26/2019 -2.48
12/27/2019 -2.43
12/30/2019 -1.54
12/31/2019 -2.63
1/2/2020 -2.23
1/3/2020 -2.33
1/6/2020 -2.03
1/7/2020 0
1/8/2020 -1.44
1/9/2020 -0.3
1/10/2020 -0.4
1/13/2020 -0.5
1/14/2020 -1.24
1/15/2020 -0.9
1/16/2020 -0.7
1/17/2020 -1.29
1/21/2020 -1.65
1/22/2020 -2.8
1/23/2020 -3.39
1/24/2020 -3.24
1/27/2020 -3
1/28/2020 -3
1/29/2020 -2.94
2/3/2020 -2.47
2/4/2020 -1.26
2/5/2020 -1.5
2/6/2020 -2.76
2/7/2020 -2.81
2/10/2020 -2.71
2/11/2020 -2.45
2/12/2020 -2.75
2/13/2020 -2.91
2/14/2020 -2.37
2/18/2020 -1.77
2/19/2020 -2.22
2/20/2020 -2.28
2/21/2020 -3.85
2/24/2020 -5.59
2/25/2020 -6.68
2/26/2020 -5.24
2/27/2020 -4.21
2/28/2020 -3.24
3/2/2020 -5.91
3/3/2020 -6.83
3/4/2020 -5.68
3/5/2020 -3.57
3/6/2020 -2.76
3/9/2020 -7.15
3/10/2020 -7.67
3/11/2020 -11.68
3/12/2020 -8.83
3/13/2020 -12.79
3/16/2020 -21.18
3/17/2020 -16.01
3/18/2020 -26.3
3/19/2020 -16.53
3/20/2020 -19.9
3/23/2020 -17.29
3/24/2020 -19.18
3/25/2020 -19.03
3/26/2020 -15.07
3/27/2020 -8.4
3/30/2020 -9.38
3/31/2020 -9.13
4/1/2020 -8.95
4/2/2020 -14.36
4/3/2020 -11.13
4/6/2020 -11.15
4/7/2020 -15.26
4/8/2020 -14.97
4/9/2020 -9.49
4/13/2020 -12.15
4/14/2020 -13.09
4/15/2020 -11.25
4/16/2020 -13.82
4/17/2020 -15.24
4/20/2020 -13.64
4/21/2020 -12
4/22/2020 -9.92
4/23/2020 -13.52
4/24/2020 -14.01
4/27/2020 -16.26
4/28/2020 -17.44
4/29/2020 -16.83
4/30/2020 -13.52
5/1/2020 -11.9
5/4/2020 -12.52
5/5/2020 -12.67
5/6/2020 -11.35
5/7/2020 -12.59
5/8/2020 -14.3
5/11/2020 -12.01
5/12/2020 -10.79
5/13/2020 -12.52
5/14/2020 -13.76
5/15/2020 -14.46
5/18/2020 -15.76
5/19/2020 -12.8
5/20/2020 -13.86
5/21/2020 -15.12
5/22/2020 -13.82
5/26/2020 -15.87
5/27/2020 -16.46
5/28/2020 -13.69
5/29/2020 -12.69
6/1/2020 -14.12
6/2/2020 -15.33
6/3/2020 -15.46
6/4/2020 -14.83
6/5/2020 -14.27
6/8/2020 -13.26
6/9/2020 -11.76
6/10/2020 -11.26
6/11/2020 -10.79
6/12/2020 -11.45
6/15/2020 -10.98
6/16/2020 -10.25
6/17/2020 -10.15
6/18/2020 -12.83
6/19/2020 -12.53
6/22/2020 -12.97
6/23/2020 -13.35
6/24/2020 -13.76
6/25/2020 -13.95
6/26/2020 -15.56
6/29/2020 -14.85
6/30/2020 -14.27
7/1/2020 -14.91
7/2/2020 -16.26
7/6/2020 -16.13
7/7/2020 -14.92
7/8/2020 -14.48
7/9/2020 -13.27
7/10/2020 -15.31
7/13/2020 -14.51
7/14/2020 -15.63
7/15/2020 -15.07
7/16/2020 -12.56
7/17/2020 -14.53
7/20/2020 -13.55
7/21/2020 -14.28
7/22/2020 -14.8
7/23/2020 -14.66
7/24/2020 -13.47
7/27/2020 -14.03
7/28/2020 -16.26
7/29/2020 -15.78
7/30/2020 -15.06
7/31/2020 -14.53
8/3/2020 -15.51
8/4/2020 -15.9
8/5/2020 -12.94
8/6/2020 -13.79
8/7/2020 -12.88
8/10/2020 -14.5
8/11/2020 -14.06
8/12/2020 -12.51
8/13/2020 -11.78
8/14/2020 -12.73
8/17/2020 -12.52
8/18/2020 -12.1
8/19/2020 -12.42
8/20/2020 -12.9
8/21/2020 -12.76
8/24/2020 -13.77
8/25/2020 -14.47
8/26/2020 -14.99
8/27/2020 -15.91
8/28/2020 -15.86
8/31/2020 -15.44
9/1/2020 -14.95
9/2/2020 -15.66
9/3/2020 -17.44
9/4/2020 -18.35
9/8/2020 -18.73
9/9/2020 -17.76
9/10/2020 -16.44
9/11/2020 -16.67
9/14/2020 -15.5
9/15/2020 -16.46
9/16/2020 -17.36
9/17/2020 -17.75
9/18/2020 -17.28
9/21/2020 -16.97
9/22/2020 -17.8
9/23/2020 -18.67
9/24/2020 -20.05
9/25/2020 -20.03
9/28/2020 -18.67
9/29/2020 -18.65
9/30/2020 -18.01
10/1/2020 -17.48
10/2/2020 -19.17
10/5/2020 -17.83
10/6/2020 -17.17
10/7/2020 -15.61
10/8/2020 -17.68
10/9/2020 -16.79
10/12/2020 -15.49
10/13/2020 -14.88
10/14/2020 -14.64
10/15/2020 -14.98
10/16/2020 -15.74
10/19/2020 -15.32
10/20/2020 -15.15
10/21/2020 -15.8
10/22/2020 -16.32
10/23/2020 -18.47
10/26/2020 -17.98
10/27/2020 -16.72
10/28/2020 -18.19
10/29/2020 -16.88
10/30/2020 -18.98
11/2/2020 -18.14
11/3/2020 -18.4
11/4/2020 -16.58
11/5/2020 -17.45
11/6/2020 -16.51
11/9/2020 -20.86
11/10/2020 -19.45
11/11/2020 -17.2
11/12/2020 -16.17
11/13/2020 -17.1
11/16/2020 -17.77
11/17/2020 -17.9
11/18/2020 -16.53
11/19/2020 -16.53
11/20/2020 -15.37
11/23/2020 -15.8
11/24/2020 -16.78
11/25/2020 -16.25
11/27/2020 -15.19
11/30/2020 -14.65
12/1/2020 -15.17
12/2/2020 -15.21
12/3/2020 -15.44
12/4/2020 -14.81
12/7/2020 -14.31
12/8/2020 -14.26
12/9/2020 -14.46
12/10/2020 -13.64
12/11/2020 -14.2
12/14/2020 -14.38
12/15/2020 -14.66
12/16/2020 -14.77
12/17/2020 -14.21
12/18/2020 -14.01
12/21/2020 -15.38
12/22/2020 -15.57
12/23/2020 -16
12/24/2020 -16.13
12/28/2020 -15.28
12/29/2020 -14.89
12/30/2020 -15.35
12/31/2020 -15.22
1/4/2021 -13
1/5/2021 -14.63
1/6/2021 -13.84
1/7/2021 -10.67
1/8/2021 -11.19
1/11/2021 -12.94
1/12/2021 -12.82
1/13/2021 -11.86
1/14/2021 -13.05
1/15/2021 -13.61
1/19/2021 -10.87
1/20/2021 -11.86
1/21/2021 -9.42
1/22/2021 -11.14
1/25/2021 -11.44
1/26/2021 -11.84
1/27/2021 -12.54
1/28/2021 -12.29
1/29/2021 -11.99
2/1/2021 -10.11
2/2/2021 -10.32
2/3/2021 -12.51
2/4/2021 -11.95
2/5/2021 -12.54
2/8/2021 -11.26
2/9/2021 -12.06
2/10/2021 -12.42
2/11/2021 -11.75
2/12/2021 -11.9
2/16/2021 -13.03
2/17/2021 -11.18
2/18/2021 -11.12
2/19/2021 -12.6
2/22/2021 -13.1
2/23/2021 -13.01
2/24/2021 -13.4
2/25/2021 -14.56
2/26/2021 -14.92
3/1/2021 -13.64
3/2/2021 -14.26
3/3/2021 -13.86
3/4/2021 -13.69
3/5/2021 -12.97
3/8/2021 -12.85
3/9/2021 -11.98
3/10/2021 -11.61
3/11/2021 -12.49
3/12/2021 -12.68
3/15/2021 -12.36
3/16/2021 -11.9
3/17/2021 -11.43
3/18/2021 -11.57
3/19/2021 -11.75
3/22/2021 -10.81
3/23/2021 -10.76
3/24/2021 -10.79
3/25/2021 -11.32
3/26/2021 -12.02
3/29/2021 -11.97
3/30/2021 -11.8
3/31/2021 -10.66
4/1/2021 -11.69
4/5/2021 -12.23
4/6/2021 -11.63
4/7/2021 -11.7
4/8/2021 -10.72
4/9/2021 -9.46
4/12/2021 -10.82
4/13/2021 -11
4/14/2021 -10.72
4/15/2021 -10.43
4/16/2021 -10.51
4/19/2021 -10.51
4/20/2021 -10.42
4/21/2021 -10.93
4/22/2021 -10.2
4/23/2021 -9.25
4/26/2021 -10.01
4/27/2021 -9.99
4/28/2021 -10.04
4/29/2021 -10.18
4/30/2021 -9.51
5/3/2021 -9.87
5/4/2021 -10.04
5/5/2021 -10.43
5/6/2021 -10.28
5/7/2021 -9.97
5/10/2021 -9.74
5/11/2021 -9.84
5/12/2021 -10.06
5/13/2021 -9.51
5/14/2021 -10.31
5/17/2021 -9.45
5/18/2021 -9.35
5/19/2021 -8.86
5/20/2021 -8.36
5/21/2021 -8.59
5/24/2021 -8.72
5/25/2021 -8.99
5/26/2021 -8.58
5/27/2021 -10.02
5/28/2021 -10.4
6/1/2021 -11.02
6/2/2021 -9.5
6/3/2021 -8.11
6/4/2021 -9.07
6/7/2021 -7.38
6/8/2021 -8.5
6/9/2021 -7.33
6/10/2021 -7.04
6/11/2021 -6.55
6/14/2021 -8.15
6/15/2021 -9.38
6/16/2021 -8.02
6/17/2021 -7.23
6/18/2021 -6.44
6/21/2021 -6.8
6/22/2021 -7.97
6/23/2021 -7.67
6/24/2021 -7.97
6/25/2021 -7.15
6/28/2021 -6.08
6/29/2021 -5.84
6/30/2021 -5.82
7/1/2021 -6.03
7/2/2021 -6.12
7/6/2021 -6.49
7/7/2021 -7.1
7/8/2021 -6.79
7/9/2021 -7.93
7/12/2021 -6.93
7/13/2021 -5.93
7/14/2021 -6.04
7/15/2021 -6.51
7/16/2021 -6.89
7/19/2021 -6.82
7/20/2021 -8.19
7/21/2021 -8.61
7/22/2021 -7.41
7/23/2021 -7.16
7/26/2021 -8.32
7/27/2021 -8.03
7/28/2021 -8.13
7/29/2021 -8.26
7/30/2021 -6.98
8/2/2021 -6.79
8/3/2021 -5.81
8/4/2021 -6.27
8/5/2021 -6.78
8/6/2021 -7.59
8/9/2021 -7.04
8/10/2021 -7.4
8/11/2021 -7.61
8/12/2021 -7.11
8/13/2021 -6.19
8/16/2021 -5.83
8/17/2021 -5.55
8/18/2021 -6.78
8/19/2021 -4.51
8/20/2021 -5.4
8/23/2021 -6.34
8/24/2021 -6.99
8/25/2021 -7.49
8/26/2021 -6.52
8/27/2021 -7.82
8/30/2021 -7.16
8/31/2021 -7.33
9/1/2021 -6.6
9/2/2021 -7.23
9/3/2021 -6.83
9/7/2021 -5.87
9/8/2021 -4.89
9/9/2021 -5.05
9/10/2021 -4.44
9/13/2021 -5.42
9/14/2021 -5.04
9/15/2021 -4.86
9/16/2021 -5.43
9/17/2021 -3.33
9/20/2021 -7.66
9/21/2021 -4.63
9/22/2021 -5.19
9/23/2021 -6.77
9/24/2021 -7.17
9/27/2021 -8.45
9/28/2021 -8.07
9/29/2021 -7.41
9/30/2021 -6.74
10/1/2021 -8.58
10/4/2021 -9.03
10/5/2021 -8.03
10/6/2021 -7.82
10/7/2021 -6.72
10/8/2021 -6.47
10/11/2021 -6.04
10/12/2021 -6.29
10/13/2021 -5.92
10/14/2021 -6.6
10/15/2021 -7.29
10/18/2021 -6.29
10/19/2021 -5.99
10/20/2021 -6.01
10/21/2021 -6.12
10/22/2021 -5.69
10/25/2021 -6.87
10/26/2021 -6.53
10/27/2021 -4.95
10/28/2021 -4.47
10/29/2021 -3.86
11/1/2021 -5.73
11/2/2021 -5.37
11/3/2021 -5.88
11/4/2021 -4.34
11/5/2021 -6.49
11/8/2021 -5.9
11/9/2021 -6.05
11/10/2021 -5.95
11/11/2021 -5.36
11/12/2021 -5.25
11/15/2021 -5.24
11/16/2021 -5.08
11/17/2021 -4.75
11/18/2021 -5.2
11/19/2021 -3.94
11/22/2021 -4.91
11/23/2021 -5.23
11/24/2021 -3.83
11/26/2021 -3.3

Important Fund Information

You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of closed-end funds frequently trade at a market price that is below their net asset value.

Investments by the Fund(s) in lower-rated securities involve substantial risk of loss and present greater risks than investments in higher-rated securities, including less liquidity and increased price sensitivity to changing interest rates and to a deteriorating economic environment.

Fixed Income Risk. Fixed-income securities are subject to interest rate risk; as interest rates go up, the value of debt securities in the Fund's portfolio generally will decline.

Convertible Securities Risk. The value of a convertible security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest rates decline. The credit standing of the issuer and other factors also, may have an effect on the convertible security's investment value.

Equity Securities Risk. Equity investments are subject to greater fluctuations in market value than other asset classes as a result of such factors as the issuer's business performance, investor perceptions, stock market trends and general economic conditions. Equity securities are subordinated to bonds and other debt instruments in a company's capital structure in terms of priority to corporate income and liquidation payments. The Fund may invest in preferred stocks and convertible securities of any rating, including below investment grade.

Short Selling Risk. The Fund will engage in short sales for investment and risk management purposes, including when the Adviser believes an investment will underperform due to a greater sensitivity to earnings growth of the issuer, default risk or interest rates. In times of unusual or adverse market, economic, regulatory or political conditions, the Fund may not be able, fully or partially, to implement its short selling strategy. Periods of unusual or adverse market, economic, regulatory or political conditions may exist for extended periods of time.Short sales are transactions in which the Fund sells a security or other instrument that it does not own but can borrow in the market. Short selling allows the Fund to profit from a decline in market price to the extent such decline exceeds the transaction costs and the costs of borrowing the securities and to obtain a low cost means of financing long investments that the Adviser believes are attractive. If a security sold short increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss. The Fund will have substantial short positions and must borrow those securities to make delivery to the buyer under the short sale transaction. The Fund may not be able to borrow a security that it needs to deliver or it may not be able to close out a short position at an acceptable price and may have to sell related long positions earlier than it had expected. Thus, the Fund may not be able to successfully implement its short sale strategy due to limited availability of desired securities or for other reasons.

Notes

Limited Term Risk. Unless the limited term provision of the Fund's Declaration of Trust is amended by shareholders in accordance with the Declaration of Trust, or unless the Fund completes the Eligible Tender Offer and converts to perpetual existence, the Fund will dissolve on the Dissolution Date. The Fund is not a so called "target date" or "life cycle" fund whose asset allocation becomes more conservative over time as its target date, often associated with retirement, approaches. In addition, the Fund is not a "target term" fund whose investment objective is to return its original NAV on the Dissolution Date. The Fund's investment objective and policies are not designed to seek to return to investors that purchase Shares in this offering their initial investment of $20.00 per Share on the Dissolution Date or in the Eligible Tender Offer, and such investors and investors that purchase Shares after the completion of this offering may receive more or less than their original investment upon dissolution or in the Eligible Tender Offer.

Leverage creates risks which may adversely affect return, including the likelihood of greater volatility of net asset value and market price of common shares; and fluctuations in the variable rates of the leverage financing. The ratio is the percent of borrowing to total assets.

Each fund has specific risks, which are outlined in the respective funds' prospectuses. The general risks involved in investing in a closed end fund include market volatility risk, dividend and income risk, and loss of investment risk. Please refer to each fund's prospectus, annual and semi-annual reports at www.calamos.com for complete information on the fund's performance, investments and risks. 

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

CPZ Component Allocation

As of 10/31/21
CPZ is comprised of two sleeves, the Equity sleeve, which combines the Long/Short component and the Preferreds component, and the Fixed Income sleeve which is simply the Fixed Income component.
Name %
Long/Short Component 67.9%
Preferreds Component 16.3%
Fixed Income Component 15.8%

CPZ Long/Short Component

Long/Short Component Composition

As of 10/31/21
Name %
Net Assets Long 102.9%
Net Assets Short -59.9%
Gross Exposure (Long + Short) 162.8%
Net Exposure (Long - Short) 43.0%

Sector Weightings

As of 10/31/21
Sector Long Short Gross Net
Utilities 0.0% 0.0% 0.0% 0.0%
Real Estate 1.7% 0.0% 1.7% 1.7%
Materials 2.3% 0.0% 2.3% 2.3%
Information Technology 13.8% -0.9% 14.7% 12.9%
Industrials 33.3% -1.1% 34.4% 32.2%
Health Care 2.4% 0.0% 2.4% 2.4%
Financials 16.4% 0.0% 16.4% 16.4%
Energy 8.9% 0.0% 8.9% 8.9%
Consumer Staples 3.2% -2.1% 5.3% 1.1%
Consumer Discretionary 7.7% 0.0% 7.7% 7.7%
Communication Services 8.8% 0.0% 8.8% 8.8%
Other 4.4% -55.6% 60.0% -51.2%
Total 102.9% -59.9% 162.8% 43.0%

Regional Weightings

As of 10/31/21
Region Long Short Gross Net
North America 81.8% -59.8% 141.6% 22.0%
Middle East/Africa 0.0% 0.0% 0.0% 0.0%
Latin America 2.3% 0.0% 2.3% 2.3%
Europe 18.8% -0.1% 18.9% 18.7%
Caribbean 0.0% 0.0% 0.0% 0.0%
Asia/Pacific 0.0% 0.0% 0.0% 0.0%
Total 102.9% -59.9% 162.8% 43.0%

Largest Holdings

As of 10/31/21
Long Portfolio Sector Weight %
Air Lease Corp. - Class A Industrials 5.0
Meta Platforms, Inc. Communication Services 4.4
Alphabet Inc- Class A Communication Services 4.4
Paycom Software, Inc. Information Technology 3.9
As of 10/31/21
Short Portfolio Sector Weight %
SPDR S&P 500 ETF Trust Other -53.9
Costco Wholesale Corp. Consumer Staples -2.1
ARK Innovation ETF Other -1.2
Waste Management, Inc. Industrials -1.0

Largest holdings percentages are based on assets which includes cash.

Numbers may not add up due to rounding. Sector weightings based on percentage of total account and are subject to change. Sector weightings exclude cash or cash equivalents.

Exposure is calculated using the market value of the equities and options in the Fund. Please note that calculating option positions on a market value basis does not reflect the potential exposure to the underlying security which may be larger on a notional basis.

CPZ Preferreds Component

Top 5 Holdings

As of 10/31/21
Company Security Type Industry %
JPMorgan Chase & Company 3.65% Corp Bond Due Diversified Banks 3.5
Citigroup, Inc. 3.88% Corp Bond Due Diversified Banks 3.0
State Street Corp. 5.63% Corp Bond Due Asset Management & Custody Banks 2.6
Wells Fargo & Company 4.75% Cv Pfd Diversified Banks 2.0
Capital One Financial Corp. 3.95% Corp Bond Due Consumer Finance 2.0

Top 5 holdings percentages are based on assets which includes cash.

CPZ Fixed Income Component

Security Type

As of 10/31/21
Name % of Assets
High Yield Corporate Debt 76.2
Investment Grade Corporate Debt 6.6
Syndicated Loans 14.1
Preferred Shares 0.8
Equity 0.1
Options 0.0
Cash 2.2

Maturity Schedule

As of 10/31/21
Range %
< 1 Year 2.4%
1 to 3 Years 8.6%
3 to 5 Years 24.1%
5 to 7 Years 32.2%
7 to 10 Years 24.9%
10 to 20 Years 4.6%
> 20 Years 1.5%
Equities and Other 1.7%

Quality Allocation

As of 10/31/21
Class %
AAA 0.0%
AA 0.0%
A 0.3%
BBB 6.7%
BB 47.8%
B 34.9%
CCC and below 8.4%
Unrated Securities 2.0%

Important Fund Information

You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of closed-end funds frequently trade at a market price that is below their net asset value.

Investments by the Fund(s) in lower-rated securities involve substantial risk of loss and present greater risks than investments in higher-rated securities, including less liquidity and increased price sensitivity to changing interest rates and to a deteriorating economic environment.

Exposure is calculated using the market value of the equities and options in the Fund. Please note that calculating option positions on a market value basis does not reflect the potential exposure to the underlying security which may be larger on a notional basis.

Fixed Income Risk. Fixed-income securities are subject to interest rate risk; as interest rates go up, the value of debt securities in the Fund's portfolio generally will decline.

Convertible Securities Risk. The value of a convertible security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest rates decline. The credit standing of the issuer and other factors also, may have an effect on the convertible security's investment value.

Equity Securities Risk. Equity investments are subject to greater fluctuations in market value than other asset classes as a result of such factors as the issuer's business performance, investor perceptions, stock market trends and general economic conditions. Equity securities are subordinated to bonds and other debt instruments in a company's capital structure in terms of priority to corporate income and liquidation payments. The Fund may invest in preferred stocks and convertible securities of any rating, including below investment grade.

Short Selling Risk. The Fund will engage in short sales for investment and risk management purposes, including when the Adviser believes an investment will underperform due to a greater sensitivity to earnings growth of the issuer, default risk or interest rates. In times of unusual or adverse market, economic, regulatory or political conditions, the Fund may not be able, fully or partially, to implement its short selling strategy. Periods of unusual or adverse market, economic, regulatory or political conditions may exist for extended periods of time.Short sales are transactions in which the Fund sells a security or other instrument that it does not own but can borrow in the market. Short selling allows the Fund to profit from a decline in market price to the extent such decline exceeds the transaction costs and the costs of borrowing the securities and to obtain a low cost means of financing long investments that the Adviser believes are attractive. If a security sold short increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss. The Fund will have substantial short positions and must borrow those securities to make delivery to the buyer under the short sale transaction. The Fund may not be able to borrow a security that it needs to deliver or it may not be able to close out a short position at an acceptable price and may have to sell related long positions earlier than it had expected. Thus, the Fund may not be able to successfully implement its short sale strategy due to limited availability of desired securities or for other reasons.

Limited Term Risk. Unless the limited term provision of the Fund's Declaration of Trust is amended by shareholders in accordance with the Declaration of Trust, or unless the Fund completes the Eligible Tender Offer and converts to perpetual existence, the Fund will dissolve on the Dissolution Date. The Fund is not a so called "target date" or "life cycle" fund whose asset allocation becomes more conservative over time as its target date, often associated with retirement, approaches. In addition, the Fund is not a "target term" fund whose investment objective is to return its original NAV on the Dissolution Date. The Fund's investment objective and policies are not designed to seek to return to investors that purchase Shares in this offering their initial investment of $20.00 per Share on the Dissolution Date or in the Eligible Tender Offer, and such investors and investors that purchase Shares after the completion of this offering may receive more or less than their original investment upon dissolution or in the Eligible Tender Offer.

Bond Credit Quality allocation reflects the higher of the ratings of Standards & Poor's Corporation or Moody's Investors Service, Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent, Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the Standards & Poor's scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). The security's credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund's Statement of Additional Information at calamos.com. Additional information on ratings methodologies are available by visiting the NRSRO websites: www.standardandpoors.com and www.moodys.com.

Security type is sourced from Bloomberg.

Leverage creates risks which may adversely affect return, including the likelihood of greater volatility of net asset value and market price of common shares; and fluctuations in the variable rates of the leverage financing. The ratio is the percent of borrowing to total assets.

Numbers may not add up due to rounding. Sector weightings based on percentage of total account and are subject to change. Sector weightings exclude cash or cash equivalents.

Each fund has specific risks, which are outlined in the respective funds' prospectuses. The general risks involved in investing in a closed end fund include market volatility risk, dividend and income risk, and loss of investment risk. Please refer to each fund's prospectus, annual and semi-annual reports at www.calamos.com for complete information on the fund's performance, investments and risks. 

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

CPZ Quarterly Commentary

A quarterly discussion of the Calamos Long/Short Equity & Dynamic Income Trust performance, related market commentary, and outlook.

CPZ Fact Sheet

The CPZ Fund seeks to provide current income and risk-managed capital appreciation.

Closed-End Fund Snapshot (10/31/21)

The Calamos Closed-End Fund Snapshot includes current annualized distribution rates for the funds versus yields of market benchmarks, monthly distributions, a premium/discount summary, fund performance data and distribution details.

Addressing the Search for Income and Growth: The Opportunity of Calamos Closed-End Funds

In a high volatility, low yield world, Calamos closed-end funds offer multi-asset class approaches designed to provide investors with powerful tools for addressing the search for income, including during inflationary periods. John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer, provides an overview of the funds and the opportunities he sees in the markets.

CPZ Annual Report

The CPZ annual report includes a letter from John P. Calamos, Sr. to shareholders outlining the fund performance, as well as a comprehensive review of the fund’s activities and financial performance.

CPZ Semiannual Report

The CPZ semiannual report includes a letter from John P. Calamos, Sr. to shareholders and provides a comprehensive review of the fund’s activities and financial performance for a six month period.

Maximizing Investment with an Automatic Dividend Reinvestment Plan

Calamos closed-end funds’ Automatic Dividend Reinvestment Plan offers a simple, cost-efficient and convenient way to reinvest your dividends and capital gains distributions in additional shares of your Calamos closed-end fund. And, if shares are trading at a premium to NAV, shareholders will purchase shares at lower than market price.

CPZ Prospectus

This prospectus supplement, together with the accompanying prospectus, sets forth concisely the information that you should know before investing. You should read the accompanying prospectus and prospectus supplement, which contain important information, before deciding whether to invest in our securities.

CPZ SAI

The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations.