The fund blends a core long-equity portfolio with an actively managed option overlay. Tactical management creates opportunities to add alpha from option market dynamics and equity market volatility.
The fund's option-based risk-management strategy can provide upside participation in equity markets while limiting downside exposure, thereby improving the quality of the ride.
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 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, Calamos Hedged Equity Income Fund's name has been changed to Calamos Hedged Equity Fund.
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 or call option is dependent, in part, upon the liquidity of the option 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 adviser to predict pertinent market movements, which cannot be assured.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Risk Information. 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 of 4.75%. Had it been included, the Fund's return would have been lower.
The funds' gross expense ratios as of the prospectus dated 3/1/2021 are as follows: A Shares 1.22%, C Shares 1.97% and I Shares 0.97%.
Morningstar Options-Based Category represents funds that generate a significant portion of their returns from the collection of premiums on options contracts sold.
Morningstar RatingsTM are based on risk-adjusted returns and are through 3/31/21 for Class I shares and will differ for other share classes. Morningstar ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly historical performance (reflecting sales charges), placing more emphasis on downward variations and rewarding consistent performance. Within each asset class, the top 10%, the next 22.5%, 35%, 22.5%, and the bottom 10% receive 5, 4, 3, 2 or 1 star, respectively. Each fund is rated exclusively against U.S. domiciled funds. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Source: ©2020 Morningstar, Inc.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Historical Sustainability Score as of 2/28/2021. Sustainability Rating as of 2/28/2021. Sustainalytics provides company-level analysis used in the calculation of Morningstar's Historical Sustainability Score. ©2020 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar® Sustainability Rating is intended to measure how well the issuing companies of securities within a fund's portfolio are managing their environmental, social, and governance ("ESG") risks and opportunities relative to the fund's Morningstar category peers. The Morningstar Sustainability Rating calculation is a three-step process. First, each fund with at least 67% of assets covered by a company level ESG score from Sustainalytics receives a Morningstar® Portfolio Sustainability Score, an asset weighted-average of normalized company level ESG scores with deductions made for controversial incidents by issuing companies, such as environmental accidents, fraud, or discriminatory behavior. Second, the Portfolio Sustainability Score is rescaled to reflect an exponential weighted moving average of scores over the past 12 months. Third, the Morningstar Sustainability Rating is then assigned to all scored funds within Morningstar Categories in which at least 30 funds received a Portfolio Sustainability Score and is determined by each fund's rank: High (highest 10%); Above Average (next 22.5%); Average (next 35%); Below Average (next 22.5%); Low (lowest 10%). The Morningstar Sustainability Rating is depicted by globe icons where High equals 5 globes and Low equals 1 globe. Past performance is no guarantee of future results.
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.
Inception Date: | 12/31/14 |
---|---|
Current NAV: | $13.66 |
$ Change: | $-0.03 |
% Change: | -0.22% |
Total Net Assets (As of 3/31/21): | $430.5 M |
Morningstar Category: | Options-based |
Date | Calamos Hedged Equity Fund (NAV) | Calamos Hedged Equity Fund Load-Adjusted | S&P 500 Index | BBgBarc US Aggregate Bond Index |
---|---|---|---|---|
YTD 2021 | 3.22 | 2.22 | 6.17 | -3.37 |
2020 | 8.59 | 7.59 | 18.4 | 7.51 |
2019 | 13.33 | 12.33 | 31.49 | 8.72 |
2018 | -0.06 | -1.04 | -4.38 | 0.01 |
2017 | 7.25 | 6.25 | 21.83 | 3.54 |
2016 | 4.42 | 3.42 | 11.96 | 2.65 |
2015 | -0.27 | -1.25 | 1.38 | 0.55 |
2014* | 0 | -1 | 0 | 0 |
*Reflects the fund's return from the inception date of 12/31/2014 through 12/31/2014.
Date | Calamos Hedged Equity Fund | S&P 500 Index |
---|---|---|
12/31/2014 12:00:00 AM | 10000 | 10000 |
1/31/2015 12:00:00 AM | 9720 | 9699.8 |
2/28/2015 12:00:00 AM | 10060 | 10257.25 |
3/31/2015 12:00:00 AM | 9940 | 10095.08 |
4/30/2015 12:00:00 AM | 10040 | 10191.89 |
5/31/2015 12:00:00 AM | 10150 | 10322.96 |
6/30/2015 12:00:00 AM | 10062.8 | 10123.11 |
7/31/2015 12:00:00 AM | 10153.09 | 10335.19 |
8/31/2015 12:00:00 AM | 9832.05 | 9711.66 |
9/30/2015 12:00:00 AM | 9633.66 | 9471.4 |
10/31/2015 12:00:00 AM | 10066.52 | 10270.31 |
11/30/2015 12:00:00 AM | 10086.65 | 10300.81 |
12/31/2015 12:00:00 AM | 10047.38 | 10138.37 |
1/31/2016 12:00:00 AM | 9740.12 | 9635.3 |
2/29/2016 12:00:00 AM | 9709.4 | 9622.3 |
3/31/2016 12:00:00 AM | 10016.98 | 10275.07 |
4/30/2016 12:00:00 AM | 10047.81 | 10314.94 |
5/31/2016 12:00:00 AM | 10140.27 | 10500.2 |
6/30/2016 12:00:00 AM | 10170.46 | 10527.39 |
7/31/2016 12:00:00 AM | 10335.17 | 10915.54 |
8/31/2016 12:00:00 AM | 10345.46 | 10930.82 |
9/30/2016 12:00:00 AM | 10377.99 | 10932.9 |
10/31/2016 12:00:00 AM | 10347.04 | 10733.48 |
11/30/2016 12:00:00 AM | 10481.15 | 11130.94 |
12/31/2016 12:00:00 AM | 10571.42 | 11351 |
1/31/2017 12:00:00 AM | 10643.9 | 11566.33 |
2/28/2017 12:00:00 AM | 10882.04 | 12025.63 |
3/31/2017 12:00:00 AM | 10899.03 | 12039.7 |
4/30/2017 12:00:00 AM | 10930.11 | 12163.34 |
5/31/2017 12:00:00 AM | 10981.91 | 12334.48 |
6/30/2017 12:00:00 AM | 11002.86 | 12411.45 |
7/31/2017 12:00:00 AM | 11085.75 | 12666.63 |
8/31/2017 12:00:00 AM | 11096.11 | 12705.39 |
9/30/2017 12:00:00 AM | 11171.16 | 12967.5 |
10/31/2017 12:00:00 AM | 11254.14 | 13270.16 |
11/30/2017 12:00:00 AM | 11388.98 | 13677.16 |
12/31/2017 12:00:00 AM | 11418.94 | 13829.25 |
1/31/2018 12:00:00 AM | 11917.67 | 14620.97 |
2/28/2018 12:00:00 AM | 11896.89 | 14082.04 |
3/31/2018 12:00:00 AM | 11806.83 | 13724.22 |
4/30/2018 12:00:00 AM | 11817.23 | 13776.92 |
5/31/2018 12:00:00 AM | 11921.25 | 14108.67 |
6/30/2018 12:00:00 AM | 11903.67 | 14195.44 |
7/31/2018 12:00:00 AM | 12122.37 | 14723.65 |
8/31/2018 12:00:00 AM | 12289 | 15203.49 |
9/30/2018 12:00:00 AM | 12272.54 | 15290 |
10/31/2018 12:00:00 AM | 11938.88 | 14244.93 |
11/30/2018 12:00:00 AM | 12032.72 | 14535.24 |
12/31/2018 12:00:00 AM | 11486.77 | 13222.85 |
1/31/2019 12:00:00 AM | 11956.49 | 14282.53 |
2/28/2019 12:00:00 AM | 12095.27 | 14741.14 |
3/31/2019 12:00:00 AM | 12211.43 | 15027.57 |
4/30/2019 12:00:00 AM | 12425.11 | 15636.03 |
5/31/2019 12:00:00 AM | 12093.91 | 14642.36 |
6/30/2019 12:00:00 AM | 12454.53 | 15674.36 |
7/31/2019 12:00:00 AM | 12529.36 | 15899.6 |
8/31/2019 12:00:00 AM | 12486.76 | 15647.75 |
9/30/2019 12:00:00 AM | 12571.67 | 15940.52 |
10/31/2019 12:00:00 AM | 12732.59 | 16285.79 |
11/30/2019 12:00:00 AM | 12936.31 | 16876.96 |
12/31/2019 12:00:00 AM | 13117.42 | 17386.31 |
1/31/2020 12:00:00 AM | 13127.91 | 17379.53 |
2/29/2020 12:00:00 AM | 12632.99 | 15948.84 |
3/31/2020 12:00:00 AM | 11891.43 | 13979 |
4/30/2020 12:00:00 AM | 12720.26 | 15770.97 |
5/31/2020 12:00:00 AM | 12935.23 | 16522.14 |
6/30/2020 12:00:00 AM | 13170.65 | 16850.77 |
7/31/2020 12:00:00 AM | 13376.11 | 17800.81 |
8/31/2020 12:00:00 AM | 13818.86 | 19080.34 |
9/30/2020 12:00:00 AM | 13607.43 | 18355.28 |
10/31/2020 12:00:00 AM | 13358.41 | 17867.22 |
11/30/2020 12:00:00 AM | 14093.12 | 19822.96 |
12/31/2020 12:00:00 AM | 14335.52 | 20585.16 |
1/31/2021 12:00:00 AM | 14195.03 | 20377.24 |
2/28/2021 12:00:00 AM | 14477.51 | 20939.05 |
3/31/2021 12:00:00 AM | 14824.97 | 21856.18 |
TimeFrame | Calamos Hedged Equity Fund (NAV) | Calamos Hedged Equity Fund Load-Adjusted | S&P 500 Index | BBgBarc US Aggregate Bond Index |
---|---|---|---|---|
1 Year | 23.71 | 22.71 | 56.35 | 0.71 |
3 Year | 7.15 | 7.15 | 16.78 | 4.65 |
5 Year | 7.39 | 7.39 | 16.29 | 3.1 |
Since Inception | 5.75 | 5.75 | 13.33 | 3.06 |
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 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, Calamos Hedged Equity Income Fund's name has been changed to Calamos Hedged Equity Fund.
10k Performance is for the Fund's Class A shares at net asset value and does not include the Fund's maximum front-end sales charge of 4.75%-had it been included, the Fund's return would have been lower. Index data shown is from 12/31/14, since comparative index data is available only for full monthly periods.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Risk Information. 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 of 4.75%. Had it been included, the Fund's return would have been lower.
S&P 500 Index-Is generally considered representative of the U.S. stock market.
Bloomberg Barclays US Aggregate Bond Index is a broad-based flagship benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and non-agency).
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions.
The funds' gross expense ratios as of the prospectus dated 3/1/2021 are as follows: A Shares 1.22%, C Shares 1.97% and I Shares 0.97%.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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.
Sector | % of Assets | S&P 500 Index |
---|---|---|
Information Technology | 27.6% | 26.7% |
Health Care | 13.5% | 13.0% |
Consumer Discretionary | 13.0% | 12.4% |
Financials | 11.9% | 11.3% |
Communication Services | 11.2% | 10.9% |
Industrials | 8.9% | 8.9% |
Consumer Staples | 6.3% | 6.1% |
Energy | 3.0% | 2.8% |
Materials | 2.6% | 2.7% |
Utilities | 2.6% | 2.7% |
Real Estate | 2.3% | 2.5% |
Other | -4.0% | 0.0% |
Asset Allocation | |
---|---|
Common Stock | 101.3887 |
Convertibles | 1.5398 |
Cash and Receivables/Payables | 1.0813 |
Corporate Bonds | 0 |
US Government Securities | 0 |
Sovereign Bonds | 0 |
Options | -4.0098 |
Company | Security Type | Industry | % |
---|---|---|---|
Microsoft Corp. | Stocks | Systems Software | 5.7% |
Apple, Inc. | Stocks | Technology Hardware, Storage & Peripherals | 5.7% |
Amazon.com, Inc. | Stocks | Internet & Direct Marketing Retail | 4.2% |
Facebook, Inc. - Class A | Stocks | Interactive Media & Services | 2.7% |
Alphabet, Inc. - Class C | Stocks | Interactive Media & Services | 1.9% |
JPMorgan Chase & Company | Stocks | Diversified Banks | 1.7% |
Alphabet, Inc. - Class A | Stocks | Interactive Media & Services | 1.7% |
Tesla, Inc. | Convertible Bonds | Automobile Manufacturers | 1.5% |
Berkshire Hathaway, Inc. - Class B | Stocks | Multi-Sector Holdings | 1.5% |
Johnson & Johnson | Stocks | Pharmaceuticals | 1.4% |
Total | 28.0% |
Name | Fund | S&P 500 Index |
---|---|---|
Number of Holdings | 271 | 505 |
Portfolio Turnover (12 months) | 50.1% | N/A |
Net Assets | $430.5 M | N/A |
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 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, Calamos Hedged Equity Income Fund's name has been changed to Calamos Hedged Equity Fund.
Top 10 Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government / sovereign bonds or broad based index hedging securities the portfolio may hold.
Sector Allocation percentages are based on invested portfolio and are subject to change. Other includes securities that do not have a sector classification.
Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.
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 or call option is dependent, in part, upon the liquidity of the option 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 adviser to predict pertinent market movements, which cannot be assured.
Current (SEC) Yield-Reflects the dividends and interest earned by the Fund during the 30-day period ended as of the date stated above after deducting the Fund's expenses for that same period.
Distribution Yield -Is calculated by dividing the sum of all distributions paid by the fund over the trailing 12 months by the fund's NAV as of the date of the period presented. Distributions may include income, short-term capital gains, and long-term capital gains. Short-term and long-term capital gains represent the net trading profits realized over the trailing 12 months in the fund and are not guaranteed. Distribution Yield is based on distributions made in the past and is therefore not reflective of the fund's current portfolio.
Turnover-Is the percentage of assets in a portfolio that changed over a certain period, often a year; higher turnover indicates greater buying and selling activity.
S&P 500 Index-Is generally considered representative of the U.S. stock market.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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.
Year | Capital Gains |
---|---|
2015 | 0.0872 |
2016 | 0.0000 |
2017 | 0.0000 |
2018 | 0.2526 |
2019 | 0.0000 |
2020 | 0.0000 |
Name | Frequency |
---|---|
Distributions | QUARTERLY |
Capital Gains | ANNUAL |
2020 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 22, 2020. To view the report, click here.
Frequency | Income | Total | Reinvest |
---|---|---|---|
Q1 2021 | $0.0000 | $0.0000 | 12.92000 |
Q4 2020 | $0.0311 | $0.0311 | 0.00000 |
Q3 2020 | $0.0019 | $0.0019 | 12.37000 |
Q2 2020 | $0.0000 | $0.0000 | 11.99000 |
Q1 2020 | $0.0000 | $0.0000 | 10.45000 |
Q4 2019 | $0.0292 | $0.0292 | 11.94000 |
Q3 2019 | $0.0099 | $0.0099 | 11.66000 |
Q2 2019 | $0.0000 | $0.0000 | 11.41000 |
Q1 2019 | $0.0000 | $0.0000 | 11.25000 |
Q4 2018 | $0.0066 | $0.0066 | 10.56000 |
Q3 2018 | $0.0016 | $0.0016 | 11.66000 |
Q2 2018 | $0.0006 | $0.0006 | 11.51000 |
Q1 2018 | $0.0000 | $0.0000 | 11.45000 |
Q4 2017 | $0.0000 | $0.0000 | 10.90000 |
Q3 2017 | $0.0000 | $0.0000 | 10.66000 |
Q2 2017 | $0.0085 | $0.0085 | 10.56000 |
Q1 2017 | $0.0000 | $0.0000 | 10.50000 |
Q4 2016 | $0.0188 | $0.0188 | 10.25000 |
Q3 2016 | $0.0019 | $0.0019 | 10.01000 |
Q2 2016 | $0.0056 | $0.0056 | 9.77000 |
Q1 2016 | $0.0058 | $0.0058 | 9.71000 |
Q4 2015 | $0.0672 | $0.0672 | 9.80000 |
Q3 2015 | $0.0143 | $0.0143 | 9.76000 |
Q2 2015 | $0.0147 | $0.0147 | 10.15000 |
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 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, Calamos Hedged Equity Income Fund's name has been changed to Calamos Hedged Equity Fund.
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 or call option is dependent, in part, upon the liquidity of the option 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 adviser to predict pertinent market movements, which cannot be assured.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Risk Information. 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 of 4.75%. Had it been included, the Fund's return would have been lower.
The funds' gross expense ratios as of the prospectus dated 3/1/2021 are as follows: A Shares 1.22%, C Shares 1.97% and I Shares 0.97%.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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.
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Gross Expense Ratio | 1.22% | 1.97% | 0.97% |
Net Expense Ratio | 1.22% | 1.97% | 0.97% |
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Minimum initial investment | $2500 | $2500 | $1 million |
Minimum subsequent investments | $50 | $50 | $0 |
IRA initial investments | $500 | $500 | N/A |
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Inception Date | 12/31/14 | 12/31/14 | 12/31/14 |
Ticker Symbol | CAHEX | CCHEX | CIHEX |
CUSIP number | 128120698 | 128120680 | 128120672 |
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Sales Load | Front-End | Level-Load | N/A |
Maximum Sales Charge | 4.75 | 1.00 | N/A |
US Bank Fund Number | 2977 | 2978 | 2979 |
Dividends | QUARTERLY | QUARTERLY | QUARTERLY |
Capital Gains | ANNUAL | ANNUAL | ANNUAL |
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 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, Calamos Hedged Equity Income Fund's name has been changed to Calamos Hedged Equity Fund.
CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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.
A quarterly update of the Calamos Hedged Equity Fund’s performance, positioning, related market commentary and outlook.
The Hedged Equity Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, and returns.
This brochure provides an introduction to Alternative Investments, and explores that many types of alternative funds. Learn how an alternative allocation may potentially enhance a portfolio’s diversification and decrease exposure to market volatility.
This summary contains important information about the Class A, C, and I Hedged Equity Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.
You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
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.
The semi-annual report includes a letter from John P. Calamos, Sr. to shareholders and provides a comprehensive review of the fund’s activities and financial performance over a six month period.
The annual report includes a letter from John P. Calamos, Sr. to shareholders outlining the fund's performance, as well as a comprehensive review of the fund’s activities and financial performance.
February 17, 2021
Notwithstanding the markets' spectacular rebound last year—and mindful that this February stocks are back to trading at record highs—we’ll return to our original premise: There’s merit to seeking to minimize the depth and length of a drawdown.
February 12, 2021
It’s volatile, uncertain markets like these that Calamos’ risk-managed approach anticipates. Managing volatility is our specialty, as demonstrated by fund performance in 2020
January 28, 2021
The majority of liquid alternative categories outperformed the S&P 500 during the drawdown last year, but there’s much more to know—AUM, returns, performance dispersion, flows—about alts in 2020. Our annual review has it all, and interactive charts to enable your own analysis.