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Fund Stats
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NAV
$10.35
$0.01 (0.10%)
-
Net Assets
$57.5M
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Inception Date
6/8/23
Calamos Aksia Alternative Credit and Income Fund Overview
The Fund invests in various strategies across the private credit asset class, resulting in a wide range of credit investments. The remainder of the Fund's assets will be allocated to dedicated liquidity sources that seek to outperform cash yields, provide needed liquidity to support investors' quarterly repurchases, pursue opportunistic yield and enhance overall portfolio diversification.
Key Features
- Private credit's focus on both cash yield and risk mitigation, along with the array of different underlying collateral exposures and lending situations, support the case for including it as a strategic allocation to the asset class.
- Institutional investors have long recognized the opportunity of private credit.
- We believe private credit is a large, growing opportunity set and home to a wide range of strategies that can diversify risk, generate resilient yield streams and dampen overall portfolio volatility.
- The wide variety of opportunities means individual strategies feature different investment risks and return drivers and may, therefore, have little correlation with each other and to the rest of an investor's portfolio.
Portfolio Fit
The Fund seeks attractive risk-adjusted returns and high current income.
Contact us to learn more about the potential long-term benefits of including Calamos Aksia Alternative Credit and Income Fund in an asset allocation.
Portfolio
Private Credit Portfolio
| Name | Fund |
|---|---|
| # Underlying Loans: | 51 |
| # of Industries: | 30+ |
| # Sourcing Partners: | 30+ |
| First Lien: | 98% |
| Floating Rate: | 98% |
| Avg Loan to Value: | 41% |
| Avg EBITDA: | $175M |
| Duration (Years): | 0.21 |
| Avg. Maturity (Years): | 4.4 |
Strategy1
Industry Weightings1
Largest Ten Credit Investments
| Investment Name | Strategy | Sub-Strategy | Yield | Loan to Value | % of NAV |
|---|---|---|---|---|---|
| Project Juniper | Direct Lending | US Direct Lending - Core | 12.0% | 44% | 4.8% |
| Project Continental | Direct Lending | US Direct Lending - Upper/Mega | 11.7% | 48% | 4.3% |
| Project Maverick | Direct Lending | US Direct Lending - Upper/Mega | 13.8% | 29% | 3.9% |
| Project Shepard | Real Estate Credit | US CRE Debt - Mid-Market | 10.5% | 36% | 3.5% |
| Project Cascade | Real Estate Credit | US CRE Debt - Large Balance | 13.2% | 62% | 3.5% |
| Project Denali | Distressed / Special Sits | US Direct Lending - Upper/Mega | 12.8% | 44% | 3.4% |
| Project Stripes | Direct Lending | US Direct Lending - Core | 11.6% | 22% | 3.4% |
| Project Echo | Distressed / Special Sits | European Direct Lending - Core | 12.0% | N/A | 3.3% |
| Project Architect | Distressed / Special Sits | Capital Solutions | 13.6% | 70% | 2.6% |
| Project Metropolis | Direct Lending | US Direct Lending - Upper/Mega | 11.1% | 39% | 2.6% |
Holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest and may not be representative of the Fund’s current or future investments. The figures presented are as of the date shown and may change at any time. Investment names are not representative of the legal name of the investment entity. Past performance is not indicative of future results.
1Percentages are based on invested portfolio and are subject to change. Other includes investments that do not have a strategy or industry classification.
2Other includes all industries with a net weight below 1.18% as well as investments that do not have an industry classification.
Fund Information
Fund Information
| Ticker: | CAPIX (Class I shares) |
|---|---|
| Objective: | The fund seeks attractive risk-adjusted returns and high current income |
| Structure: | Interval Fund (40-Act registered) with daily purchase and quarterly repurchase |
| Purchase: | Daily |
| Benchmark: | Morningstar LSTA US Leveraged Loan Index |
| Leverage: | Expected 10%-25% of Fund’s assets |
| Liquidity Terms: | Quarterly; no less than 5% of outstanding shares |
| Distributions: | Quarterly |
| Tax Reporting: | 1099-DIV |
| Expenses3,4: | 1.50% (excluding borrowing costs) |
| Performance Fee: | None |
3The Advisor, Sub-Advisor and the Fund have entered into an Expense Limitation Agreement under which the Advisor has agreed contractually for a three-year period from the date of the Prospectus to reimburse certain other expenses incurred in the business of the Fund, calculated and reimbursed on a Class-by-Class basis in respect of each of Class A, Class C, and Class I with the exception of (i) the Investment Management Fee, (ii) the Shareholder Servicing Fee, (iii) the Distribution Fee, (iv) certain costs associated with the acquisition, ongoing investment and disposition of the Fund's investments and unconsummated investments, including legal costs, professional fees, travel costs and brokerage costs, (v) acquired fund fees and expenses, (vi) dividend and interest payments (including any dividend payments, interest expenses, commitment fees, or other expenses related to any leverage incurred by the Fund), (vii) taxes and costs to reclaim foreign taxes, and (viii) extraordinary expenses (as determined in the sole discretion of the Advisor), to the extent that such expenses exceed 0.25% of the average daily net assets of such class. See the prospectus for estimated interest expenses and additional information regarding fees and estimated operating expenses.
4Expenses include management fees of 1.25% and other expenses capped at 0.25%. Expenses excludes fees and interest on borrowed funds of 0.71% as of 11/10/23.
Literature
About the Fund
Prospectus and Reports
CAPIX Prospectus
You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
CAPIX 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.
Semi-Annual Report
The semi-annual report provides a comprehensive review of the fund’s activities and financial performance over a six month period.