Fund Stats
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NAV
$13.28
$0.06 (0.45%)
-
Daily YTD Return
10.81%
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Total Net Assets
$661.4 Million
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MorningStar Rating
4 stars
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Inception Date
12/31/14
Overview
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.
Key Features
- Our investment approach is highly responsive to dynamic market conditions, unlike many less-active option-based strategies.
- The investment team seeks to take advantage of market opportunities by being favorably positioned for as many outcomes as possible.
Portfolio Fit
The fund's option-based risk-management strategy can provide upside participation in equity markets while limiting downside expo-sure, thereby improving the quality of the ride.
Compare Fund
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ComparePerformance
Calendar Year Total Returns
| Date | Calamos Hedged Equity Fund (NAV) | S&P 500 Index | Bloomberg US Aggregate Bond Index |
|---|---|---|---|
| YTD 2022 | -3.29 | -4.6 | -5.93 |
| 2021 | 13.31 | 28.71 | -1.54 |
| 2020 | 9.66 | 18.4 | 7.51 |
| 2019 | 14.47 | 31.49 | 8.72 |
| 2018 | 0.89 | -4.38 | 0.01 |
| 2017 | 8.37 | 21.83 | 3.54 |
| 2016 | 5.45 | 11.96 | 2.65 |
| 2015 | 0.76 | 1.38 | 0.55 |
Annualized Total Returns
| TimeFrame | Calamos Hedged Equity Fund (NAV) | S&P 500 Index | Bloomberg US Aggregate Bond Index |
|---|---|---|---|
| 1 Year | 5.89 | 15.65 | -4.15 |
| 3 Year | 8.94 | 18.92 | 1.69 |
| 5 Year | 7.85 | 15.99 | 2.14 |
| Since Inception | 6.68 | 13.65 | 2.03 |
| TimeFrame | Calamos Hedged Equity Fund (NAV) | S&P 500 Index | Bloomberg US Aggregate Bond Index |
|---|---|---|---|
| 1 Year | -1.57 | 0.21 | -8.51 |
| 3 Year | 6.4 | 13.85 | 0.38 |
| 5 Year | 6.64 | 13.66 | 1.2 |
| Since Inception | 5.84 | 12.08 | 1.47 |
Important Fund Information
10k Performance results are before taxes on fund distributions and assume reinvestment of dividends and capital gains. Index data shown is from 12/31/14, since comparative index data is available only for full monthly periods. Source: Calamos Investments
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 US stock market.
Bloomberg 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, 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 3/1/2022 are as follows: A Shares 1.18%, C Shares 1.93% and I Shares 0.93%.
Class I shares are offered primarily for direct investment by investors through certain tax-exempt retirement plans and by institutional clients, provided such plans or clients have assets of at least $1 million. For eligibility requirements and other available share classes see the prospectus and other Fund documents at www.calamos.com.
Portfolio
Sector Weightings
| Sector | % of Assets | S&P 500 Index |
|---|---|---|
| Information Technology | 27.6% | 28.0% |
| Health Care | 13.3% | 13.6% |
| Consumer Discretionary | 11.9% | 12.0% |
| Financials | 10.8% | 11.1% |
| Communication Services | 9.0% | 9.4% |
| Industrials | 7.8% | 7.9% |
| Consumer Staples | 6.0% | 6.1% |
| Energy | 3.8% | 3.9% |
| Utilities | 2.5% | 2.7% |
| Materials | 2.4% | 2.6% |
| Real Estate | 2.4% | 2.7% |
| Other | -0.7% | 0.0% |
Asset Allocation
| Asset Allocation | % |
|---|---|
| Common Stock | 95.9099 |
| Cash and Receivables/Payables | 3.2025 |
| Other | 1.9939 |
| Convertibles | 1.6172 |
| Corporate Bonds | 0 |
| US Government Securities | 0 |
| Sovereign Bonds | 0 |
| Options | -2.7235 |
Top 10 Holdings
| Company | Security Type | Industry | % |
|---|---|---|---|
| Apple, Inc. | Stocks | Technology Hardware, Storage & Peripherals | 6.8% |
| Microsoft Corp. | Stocks | Systems Software | 6.3% |
| Amazon.com, Inc. | Stocks | Internet & Direct Marketing Retail | 4.0% |
| Alphabet, Inc. - Class C | Stocks | Interactive Media & Services | 2.1% |
| NVIDIA Corp. | Stocks | Semiconductors | 2.0% |
| SPDR S&P 500 ETF Trust | Mutual Funds | Other | 2.0% |
| Alphabet, Inc. - Class A | Stocks | Interactive Media & Services | 1.9% |
| Meta Platforms, Inc. - Class A | Stocks | Interactive Media & Services | 1.7% |
| Tesla, Inc. | Convertible Bonds | Automobile Manufacturers | 1.6% |
| UnitedHealth Group, Inc. | Stocks | Managed Health Care | 1.6% |
| Total | 30.0% |
Fund Facts
| Name | Fund | S&P 500 Index |
|---|---|---|
| Number of Holdings | 279 | 505 |
| Portfolio Turnover (12 months) | 27.5% | N/A |
| Net Assets | $661.4 M | N/A |
Distributions
Total Capital Gains
| Year | Capital Gains |
|---|---|
| 2015 | 0.0872 |
| 2016 | 0.0000 |
| 2017 | 0.0000 |
| 2018 | 0.2526 |
| 2019 | 0.0000 |
| 2020 | 0.0000 |
| 2021 | 0.0000 |
Schedule
| Name | Frequency |
|---|---|
| Distributions | QUARTERLY |
| Capital Gains | ANNUAL |
2021 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 20, 2021. To view the report, click here.
Distributions
| Frequency | Income | Reinvest |
|---|---|---|
| Q1 2022 | $0.0000 | 13.98000 |
| Q4 2021 | $0.0367 | 14.56000 |
| Q3 2021 | $0.0190 | 14.43000 |
| Q2 2021 | $0.0094 | 13.08000 |
| Q1 2021 | $0.0000 | 13.08000 |
| Q4 2020 | $0.0616 | 0.00000 |
| Q3 2020 | $0.0308 | 12.52000 |
| Q2 2020 | $0.0247 | 12.13000 |
| Q1 2020 | $0.0186 | 10.56000 |
| Q4 2019 | $0.0557 | 12.08000 |
| Q3 2019 | $0.0373 | 11.79000 |
| Q2 2019 | $0.0120 | 11.54000 |
| Q1 2019 | $0.0149 | 11.36000 |
| Q4 2018 | $0.0308 | 10.65000 |
| Q3 2018 | $0.0216 | 11.76000 |
| Q2 2018 | $0.0195 | 11.59000 |
| Q1 2018 | $0.0141 | 11.52000 |
| Q4 2017 | $0.0255 | 10.95000 |
| Q3 2017 | $0.0190 | 10.71000 |
| Q2 2017 | $0.0342 | 10.60000 |
| Q1 2017 | $0.0141 | 10.54000 |
| Q4 2016 | $0.0440 | 10.27000 |
| Q3 2016 | $0.0279 | 10.04000 |
| Q2 2016 | $0.0251 | 9.80000 |
| Q1 2016 | $0.0345 | 9.73000 |
| Q4 2015 | $0.0899 | 9.82000 |
| Q3 2015 | $0.0392 | 9.78000 |
| Q2 2015 | $0.0394 | 10.17000 |
Fees & Expenses
Annual Expenses
| Name | A Shares | C Shares | I Shares |
|---|---|---|---|
| Gross Expense Ratio | 1.18% | 1.93% | 0.93% |
Investment Information
| 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 |
Fund Information
| 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 |
Sales & Distribution
| 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 |
Literature
Latest Related Blog Posts
Videos
About the Fund
Calamos Hedged Equity Fund Quarterly Commentary
A quarterly update of the Calamos Hedged Equity Fund’s performance, positioning, related market commentary and outlook.
Calamos Hedged Equity Fund Fact Sheet
The Hedged Equity Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, and returns.
Prospectus and Reports
Calamos Hedged Equity Fund Prospectus
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.
Statutory Prospectus
You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
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 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.
Annual Report
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.