Through its multi-sector fixed income strategy, the fund invests mainly in high yield securities from U.S. issuers with the goal of generating a high level of current income and total return, which provides consistent excess returns above the benchmark over full market cycles.
The fund can complement investment grade credit exposure, providing attractive income and total return potential for more risk-tolerant investors.
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 High Income Opportunities Fund include: high yield risk consisting of increased credit and liquidity risks, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk, interest rate risk, credit risk, liquidity risk, portfolio selection risk, foreign securities risk and liquidity risk.
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 2.25%. 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 1.37%, C Shares 2.11% and I Shares 1.12%.
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.
Inception Date: | 8/02/99 |
---|---|
Current NAV: | $8.56 |
$ Change: | $-0.01 |
% Change: | -0.12% |
Total Net Assets (As of 3/31/21): | $41.6 M |
Morningstar Category: | High Yield Bond |
Date | Calamos High Income Opportunities Fund (NAV) | Calamos High Income Opportunities Fund Load-Adjusted | BBgBarc US Corp High Yield 2% Issuer Capped Index |
---|---|---|---|
YTD 2021 | 2.18 | -0.07 | 0.86 |
2020 | 4.78 | 2.37 | 7.05 |
2019 | 14.29 | 11.74 | 14.32 |
2018 | -4.31 | -6.45 | -2.08 |
2017 | 6.05 | 1.05 | 7.5 |
2016 | 11.93 | 6.58 | 17.13 |
2015 | -4.65 | -9.18 | -4.43 |
2014 | 0.84 | -3.99 | 2.46 |
2013 | 6.12 | 1.1 | 7.44 |
2012 | 11.23 | 5.99 | 15.78 |
Date | Calamos High Income Opportunities Fund | BBgBarc US Corp High Yield 2% Issuer Capped Index |
---|---|---|
7/31/1999 12:00:00 AM | 10000 | 10000 |
8/2/1999 12:00:00 AM | 10000 | 10000 |
8/31/1999 12:00:00 AM | 9960 | 9889.45 |
9/30/1999 12:00:00 AM | 10000 | 9818.29 |
10/31/1999 12:00:00 AM | 9940 | 9753.07 |
11/30/1999 12:00:00 AM | 9930 | 9867.77 |
12/31/1999 12:00:00 AM | 9961.84 | 9978.76 |
1/31/2000 12:00:00 AM | 9931.34 | 9935.76 |
2/29/2000 12:00:00 AM | 9961.84 | 9954.65 |
3/31/2000 12:00:00 AM | 9852.23 | 9745.39 |
4/30/2000 12:00:00 AM | 9903.92 | 9760.96 |
5/31/2000 12:00:00 AM | 9945.27 | 9661.12 |
6/30/2000 12:00:00 AM | 10066.22 | 9858.41 |
7/31/2000 12:00:00 AM | 10224 | 9933.75 |
8/31/2000 12:00:00 AM | 10318.67 | 10001.04 |
9/30/2000 12:00:00 AM | 10299.74 | 9911.97 |
10/31/2000 12:00:00 AM | 10289.04 | 9600.59 |
11/30/2000 12:00:00 AM | 10107.22 | 9223.14 |
12/31/2000 12:00:00 AM | 10075.65 | 9400.85 |
1/31/2001 12:00:00 AM | 10837.31 | 10106.17 |
2/28/2001 12:00:00 AM | 10804.66 | 10245.31 |
3/31/2001 12:00:00 AM | 10553.9 | 10010.16 |
4/30/2001 12:00:00 AM | 10808.07 | 9886.78 |
5/31/2001 12:00:00 AM | 10929.64 | 10067.95 |
6/30/2001 12:00:00 AM | 10870.38 | 9787.2 |
7/31/2001 12:00:00 AM | 10971.55 | 9930.93 |
8/31/2001 12:00:00 AM | 10881.62 | 10048.65 |
9/30/2001 12:00:00 AM | 10444.63 | 9374.74 |
10/31/2001 12:00:00 AM | 10376.29 | 9604.61 |
11/30/2001 12:00:00 AM | 10911.62 | 9953.91 |
12/31/2001 12:00:00 AM | 11102.04 | 9914.25 |
1/31/2002 12:00:00 AM | 11333.57 | 9983.54 |
2/28/2002 12:00:00 AM | 11125.19 | 9847.42 |
3/31/2002 12:00:00 AM | 11501.14 | 10085.11 |
4/30/2002 12:00:00 AM | 11664.6 | 10244.72 |
5/31/2002 12:00:00 AM | 11711.31 | 10193.3 |
6/30/2002 12:00:00 AM | 11190.61 | 9581.22 |
7/31/2002 12:00:00 AM | 10423.32 | 9171.91 |
8/31/2002 12:00:00 AM | 10541.36 | 9414.47 |
9/30/2002 12:00:00 AM | 10306.39 | 9293.91 |
10/31/2002 12:00:00 AM | 10378.22 | 9198.5 |
11/30/2002 12:00:00 AM | 11132.34 | 9759.1 |
12/31/2002 12:00:00 AM | 11154.58 | 9890.37 |
1/31/2003 12:00:00 AM | 11422.19 | 10208.96 |
2/28/2003 12:00:00 AM | 11483.01 | 10340.76 |
3/31/2003 12:00:00 AM | 11792.48 | 10632.76 |
4/30/2003 12:00:00 AM | 12431.24 | 11262.14 |
5/31/2003 12:00:00 AM | 12664.63 | 11376.38 |
6/30/2003 12:00:00 AM | 12916.65 | 11706.5 |
7/31/2003 12:00:00 AM | 12829.46 | 11588.94 |
8/31/2003 12:00:00 AM | 12866.83 | 11712.75 |
9/30/2003 12:00:00 AM | 13112.25 | 12032.02 |
10/31/2003 12:00:00 AM | 13428.97 | 12273.71 |
11/30/2003 12:00:00 AM | 13593.67 | 12457.69 |
12/31/2003 12:00:00 AM | 13918.5 | 12736.87 |
1/31/2004 12:00:00 AM | 14138.6 | 12981.38 |
2/29/2004 12:00:00 AM | 14151.55 | 12951.31 |
3/31/2004 12:00:00 AM | 14253.63 | 13039.56 |
4/30/2004 12:00:00 AM | 14135.51 | 12951.96 |
5/31/2004 12:00:00 AM | 13846.76 | 12731.59 |
6/30/2004 12:00:00 AM | 14075.07 | 12913.27 |
7/31/2004 12:00:00 AM | 14155.34 | 13088.88 |
8/31/2004 12:00:00 AM | 14369.41 | 13346.4 |
9/30/2004 12:00:00 AM | 14624.52 | 13539.17 |
10/31/2004 12:00:00 AM | 14882.52 | 13782.78 |
11/30/2004 12:00:00 AM | 15183.69 | 13948.51 |
12/31/2004 12:00:00 AM | 15439.84 | 14155.36 |
1/31/2005 12:00:00 AM | 15313.74 | 14137.05 |
2/28/2005 12:00:00 AM | 15453.85 | 14344.2 |
3/31/2005 12:00:00 AM | 15061.55 | 13928.09 |
4/30/2005 12:00:00 AM | 14844.1 | 13792.67 |
5/31/2005 12:00:00 AM | 15073.13 | 14037.13 |
6/30/2005 12:00:00 AM | 15307.26 | 14289.63 |
7/31/2005 12:00:00 AM | 15626.46 | 14515.34 |
8/31/2005 12:00:00 AM | 15728.03 | 14560.51 |
9/30/2005 12:00:00 AM | 15776.12 | 14430.6 |
10/31/2005 12:00:00 AM | 15452.65 | 14302.04 |
11/30/2005 12:00:00 AM | 15670.05 | 14413.03 |
12/31/2005 12:00:00 AM | 15782.05 | 14545.49 |
1/31/2006 12:00:00 AM | 16282.83 | 14717.88 |
2/28/2006 12:00:00 AM | 16328.35 | 14861.44 |
3/31/2006 12:00:00 AM | 16434.58 | 14923.98 |
4/30/2006 12:00:00 AM | 16611.12 | 15017.04 |
5/31/2006 12:00:00 AM | 16456.17 | 14997.15 |
6/30/2006 12:00:00 AM | 16333.62 | 14913.49 |
7/31/2006 12:00:00 AM | 16364.97 | 15041.15 |
8/31/2006 12:00:00 AM | 16615.78 | 15263.39 |
9/30/2006 12:00:00 AM | 16710.24 | 15474.49 |
10/31/2006 12:00:00 AM | 16979.76 | 15685.43 |
11/30/2006 12:00:00 AM | 17292.06 | 15933.32 |
12/31/2006 12:00:00 AM | 17396.89 | 16110.1 |
1/31/2007 12:00:00 AM | 17511.02 | 16294.2 |
2/28/2007 12:00:00 AM | 17706.68 | 16532.34 |
3/31/2007 12:00:00 AM | 17814.74 | 16560.75 |
4/30/2007 12:00:00 AM | 18160.82 | 16776.38 |
5/31/2007 12:00:00 AM | 18276.18 | 16892.73 |
6/30/2007 12:00:00 AM | 17941.62 | 16586.56 |
7/31/2007 12:00:00 AM | 17390.85 | 16009.78 |
8/31/2007 12:00:00 AM | 17657.89 | 16249.02 |
9/30/2007 12:00:00 AM | 18231.02 | 16652.9 |
10/31/2007 12:00:00 AM | 18535.43 | 16765.29 |
11/30/2007 12:00:00 AM | 18180.28 | 16412.55 |
12/31/2007 12:00:00 AM | 18119.89 | 16474.87 |
1/31/2008 12:00:00 AM | 17602.69 | 16223.1 |
2/29/2008 12:00:00 AM | 17531.35 | 16022.57 |
3/31/2008 12:00:00 AM | 17405.33 | 15985.16 |
4/30/2008 12:00:00 AM | 18124.56 | 16642.42 |
5/31/2008 12:00:00 AM | 18322.34 | 16709.7 |
6/30/2008 12:00:00 AM | 17756.6 | 16297.34 |
7/31/2008 12:00:00 AM | 17489.6 | 16092.87 |
8/31/2008 12:00:00 AM | 17434.54 | 16142.04 |
9/30/2008 12:00:00 AM | 15932.69 | 14903.04 |
10/31/2008 12:00:00 AM | 13233.81 | 12504.83 |
11/30/2008 12:00:00 AM | 12526.52 | 11407.55 |
12/31/2008 12:00:00 AM | 13148.55 | 12211.11 |
1/31/2009 12:00:00 AM | 13660.09 | 13024.12 |
2/28/2009 12:00:00 AM | 13584.31 | 12671.27 |
3/31/2009 12:00:00 AM | 14097.07 | 13018.45 |
4/30/2009 12:00:00 AM | 15321.24 | 14554.06 |
5/31/2009 12:00:00 AM | 16181.98 | 15530.29 |
6/30/2009 12:00:00 AM | 16453.76 | 15986.85 |
7/31/2009 12:00:00 AM | 17366.78 | 16946.05 |
8/31/2009 12:00:00 AM | 17658.17 | 17271.68 |
9/30/2009 12:00:00 AM | 18472.35 | 18258.05 |
10/31/2009 12:00:00 AM | 18828.35 | 18588.74 |
11/30/2009 12:00:00 AM | 19006.35 | 18771.15 |
12/31/2009 12:00:00 AM | 19264.99 | 19386.79 |
1/31/2010 12:00:00 AM | 19290.94 | 19640.37 |
2/28/2010 12:00:00 AM | 19421.02 | 19665.65 |
3/31/2010 12:00:00 AM | 19862.74 | 20261.3 |
4/30/2010 12:00:00 AM | 20168.57 | 20744.49 |
5/31/2010 12:00:00 AM | 19586.14 | 20002.09 |
6/30/2010 12:00:00 AM | 19747.75 | 20248.69 |
7/31/2010 12:00:00 AM | 20162.22 | 20960.8 |
8/31/2010 12:00:00 AM | 20421.64 | 20967.51 |
9/30/2010 12:00:00 AM | 20846.73 | 21587.89 |
10/31/2010 12:00:00 AM | 21325.37 | 22139.74 |
11/30/2010 12:00:00 AM | 21043.8 | 21886.8 |
12/31/2010 12:00:00 AM | 21335.81 | 22282.51 |
1/31/2011 12:00:00 AM | 21641.78 | 22774.71 |
2/28/2011 12:00:00 AM | 21993.63 | 23074.77 |
3/31/2011 12:00:00 AM | 22077.59 | 23149.8 |
4/30/2011 12:00:00 AM | 22373.02 | 23507.52 |
5/31/2011 12:00:00 AM | 22343.76 | 23622.89 |
6/30/2011 12:00:00 AM | 22087.16 | 23393.06 |
7/31/2011 12:00:00 AM | 22373.76 | 23663.14 |
8/31/2011 12:00:00 AM | 21595.86 | 22712.02 |
9/30/2011 12:00:00 AM | 21112 | 21965.14 |
10/31/2011 12:00:00 AM | 22097.45 | 23283.22 |
11/30/2011 12:00:00 AM | 21869.39 | 22781.09 |
12/31/2011 12:00:00 AM | 22208.5 | 23387.75 |
1/31/2012 12:00:00 AM | 22744.35 | 24097.62 |
2/29/2012 12:00:00 AM | 23204.18 | 24670.81 |
3/31/2012 12:00:00 AM | 23052.77 | 24638.98 |
4/30/2012 12:00:00 AM | 23173.52 | 24892.51 |
5/31/2012 12:00:00 AM | 22796.37 | 24560.85 |
6/30/2012 12:00:00 AM | 23151.68 | 25079.5 |
7/31/2012 12:00:00 AM | 23532.53 | 25556.59 |
8/31/2012 12:00:00 AM | 23760.4 | 25855.75 |
9/30/2012 12:00:00 AM | 24075.33 | 26215.59 |
10/31/2012 12:00:00 AM | 24172.8 | 26445.92 |
11/30/2012 12:00:00 AM | 24301.68 | 26657.51 |
12/31/2012 12:00:00 AM | 24695.98 | 27077.53 |
1/31/2013 12:00:00 AM | 25052.22 | 27440.5 |
2/28/2013 12:00:00 AM | 25046.79 | 27579.84 |
3/31/2013 12:00:00 AM | 25315.08 | 27860.69 |
4/30/2013 12:00:00 AM | 25768.72 | 28364.72 |
5/31/2013 12:00:00 AM | 25731.87 | 28200.2 |
6/30/2013 12:00:00 AM | 24875.25 | 27460.73 |
7/31/2013 12:00:00 AM | 25399.43 | 27981.2 |
8/31/2013 12:00:00 AM | 25184.48 | 27811.24 |
9/30/2013 12:00:00 AM | 25367.08 | 28087.43 |
10/31/2013 12:00:00 AM | 25916.66 | 28789.14 |
11/30/2013 12:00:00 AM | 26026.27 | 28934.93 |
12/31/2013 12:00:00 AM | 26207.75 | 29091.47 |
1/31/2014 12:00:00 AM | 26340.18 | 29295.66 |
2/28/2014 12:00:00 AM | 26863.48 | 29886.79 |
3/31/2014 12:00:00 AM | 26963.68 | 29957.77 |
4/30/2014 12:00:00 AM | 27110.54 | 30147.34 |
5/31/2014 12:00:00 AM | 27359.45 | 30423.07 |
6/30/2014 12:00:00 AM | 27566.07 | 30678.53 |
7/31/2014 12:00:00 AM | 27241.9 | 30270.88 |
8/31/2014 12:00:00 AM | 27568.85 | 30751.73 |
9/30/2014 12:00:00 AM | 26984.73 | 30106.93 |
10/31/2014 12:00:00 AM | 27240.86 | 30463.97 |
11/30/2014 12:00:00 AM | 27029.34 | 30243.53 |
12/31/2014 12:00:00 AM | 26427.83 | 29806.81 |
1/31/2015 12:00:00 AM | 26447.46 | 30002.61 |
2/28/2015 12:00:00 AM | 27175.11 | 30725.65 |
3/31/2015 12:00:00 AM | 27044.12 | 30557.73 |
4/30/2015 12:00:00 AM | 27430.33 | 30927.48 |
5/31/2015 12:00:00 AM | 27546.37 | 31020.82 |
6/30/2015 12:00:00 AM | 27099.86 | 30559.75 |
7/31/2015 12:00:00 AM | 26791.57 | 30382.45 |
8/31/2015 12:00:00 AM | 26273.18 | 29850.42 |
9/30/2015 12:00:00 AM | 25649.72 | 29083.41 |
10/31/2015 12:00:00 AM | 26356.81 | 29880.65 |
11/30/2015 12:00:00 AM | 25822.98 | 29221.03 |
12/31/2015 12:00:00 AM | 25199.61 | 28485.33 |
1/31/2016 12:00:00 AM | 24635.62 | 28027.55 |
2/29/2016 12:00:00 AM | 24790.96 | 28187.75 |
3/31/2016 12:00:00 AM | 25489.72 | 29440.5 |
4/30/2016 12:00:00 AM | 26178.54 | 30593.13 |
5/31/2016 12:00:00 AM | 26231.27 | 30782.04 |
6/30/2016 12:00:00 AM | 26376.82 | 31065.33 |
7/31/2016 12:00:00 AM | 27075.7 | 31905.3 |
8/31/2016 12:00:00 AM | 27503.09 | 32572.73 |
9/30/2016 12:00:00 AM | 27669.39 | 32789.83 |
10/31/2016 12:00:00 AM | 27742.17 | 32916.43 |
11/30/2016 12:00:00 AM | 27699.14 | 32760.17 |
12/31/2016 12:00:00 AM | 28206.55 | 33364.66 |
1/31/2017 12:00:00 AM | 28568.56 | 33849.02 |
2/28/2017 12:00:00 AM | 28875.36 | 34341.18 |
3/31/2017 12:00:00 AM | 28663.52 | 34264.6 |
4/30/2017 12:00:00 AM | 29125.3 | 34660.02 |
5/31/2017 12:00:00 AM | 29273.93 | 34960.52 |
6/30/2017 12:00:00 AM | 29318.43 | 35008.06 |
7/31/2017 12:00:00 AM | 29606.76 | 35396.3 |
8/31/2017 12:00:00 AM | 29639.95 | 35382.14 |
9/30/2017 12:00:00 AM | 29832.74 | 35699.52 |
10/31/2017 12:00:00 AM | 29911.71 | 35851.25 |
11/30/2017 12:00:00 AM | 29773.04 | 35760.18 |
12/31/2017 12:00:00 AM | 29911.71 | 35868.18 |
1/31/2018 12:00:00 AM | 30155.13 | 36083.39 |
2/28/2018 12:00:00 AM | 29821.2 | 35776.68 |
3/31/2018 12:00:00 AM | 29490.9 | 35560.59 |
4/30/2018 12:00:00 AM | 29711.68 | 35792.09 |
5/31/2018 12:00:00 AM | 29765.37 | 35782.42 |
6/30/2018 12:00:00 AM | 29887.82 | 35925.91 |
7/31/2018 12:00:00 AM | 30205.42 | 36317.86 |
8/31/2018 12:00:00 AM | 30432.17 | 36585.53 |
9/30/2018 12:00:00 AM | 30653.07 | 36789.31 |
10/31/2018 12:00:00 AM | 29987.86 | 36201.05 |
11/30/2018 12:00:00 AM | 29572.3 | 35889.36 |
12/31/2018 12:00:00 AM | 28621.23 | 35120.61 |
1/31/2019 12:00:00 AM | 30094.28 | 36708.06 |
2/28/2019 12:00:00 AM | 30673.28 | 37318.51 |
3/31/2019 12:00:00 AM | 30880.16 | 37669.68 |
4/30/2019 12:00:00 AM | 31380.82 | 38205.27 |
5/31/2019 12:00:00 AM | 30921.35 | 37751.23 |
6/30/2019 12:00:00 AM | 31560.89 | 38611.62 |
7/31/2019 12:00:00 AM | 31679.06 | 38829.32 |
8/31/2019 12:00:00 AM | 31647.38 | 38984.63 |
9/30/2019 12:00:00 AM | 31666.37 | 39126.61 |
10/31/2019 12:00:00 AM | 31742.37 | 39234.68 |
11/30/2019 12:00:00 AM | 31866.17 | 39362.78 |
12/31/2019 12:00:00 AM | 32710.62 | 40149.76 |
1/31/2020 12:00:00 AM | 32746.6 | 40160.44 |
2/29/2020 12:00:00 AM | 32219.38 | 39594.14 |
3/31/2020 12:00:00 AM | 27744.11 | 35056.81 |
4/30/2020 12:00:00 AM | 28773.42 | 36644.64 |
5/31/2020 12:00:00 AM | 30148.79 | 38245.61 |
6/30/2020 12:00:00 AM | 30558.81 | 38610.36 |
7/31/2020 12:00:00 AM | 31817.83 | 40407.86 |
8/31/2020 12:00:00 AM | 32311.01 | 40797.55 |
9/30/2020 12:00:00 AM | 32029.9 | 40378.32 |
10/31/2020 12:00:00 AM | 32100.37 | 40577.1 |
11/30/2020 12:00:00 AM | 33576.99 | 42184.56 |
12/31/2020 12:00:00 AM | 34272.03 | 42979.4 |
1/31/2021 12:00:00 AM | 34508.51 | 43122.57 |
2/28/2021 12:00:00 AM | 34825.99 | 43280.01 |
3/31/2021 12:00:00 AM | 35017.53 | 43347.18 |
TimeFrame | Calamos High Income Opportunities Fund (NAV) | Calamos High Income Opportunities Fund Load-Adjusted | BBgBarc US Corp High Yield 2% Issuer Capped Index |
---|---|---|---|
1 Year | 26.22 | 23.44 | 23.65 |
3 Year | 5.9 | 5.08 | 6.82 |
5 Year | 6.56 | 5.52 | 8.04 |
10 Year | 4.72 | 4.22 | 6.47 |
Since Inception | 5.96 | 5.72 | 7 |
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 High Income Opportunities Fund include: high yield risk consisting of increased credit and liquidity risks, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk, interest rate risk, credit risk, liquidity risk, portfolio selection risk, foreign securities risk and liquidity risk.
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 2.25%-had it been included, the Fund's return would have been lower. Index data shown is from 7/31/99, 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 2.25%. Had it been included, the Fund's return would have been lower.
The Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index measures the performance of high yield corporate bonds with a maximum allocation of 2% to any one issuer. 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.
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 1.37%, C Shares 2.11% and I Shares 1.12%.
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 | BBgBarc US Corp High Yield 2% Issuer Capped Index |
---|---|---|
Basic Industry | 3.7% | 5.6% |
Capital Goods | 6.5% | 8.9% |
Communications | 15.2% | 16.3% |
Consumer Cyclical | 17.1% | 21.6% |
Consumer Non Cyclical | 15.8% | 13.1% |
Energy | 11.9% | 13.2% |
Finance Companies | 3.1% | 2.3% |
Insurance | 5.0% | 2.2% |
REITs | 3.8% | 1.9% |
Technology | 4.7% | 6.3% |
Name | % of Assets |
---|---|
High Yield Corporate Debt | 76.5 |
Investment Grade Corporate Debt | 6.1 |
Syndicated Loans | 10.5 |
Cash and Receivables/Payables | 3.7 |
Equity | 1.8 |
Preferred Shares | 1.4 |
Name | % |
---|---|
30-day SEC yield | 3.28% |
Unsubsidized 30-day SEC yield | 2.95% |
Distribution Yield | 4.89% |
Company | Coupon | Maturity | % |
---|---|---|---|
HUB International, Ltd. | 7.00% | 5/1/2026 | 1.1% |
Embarq Corp. | 8.00% | 6/1/2036 | 1.0% |
CHS/Community Health Systems, Inc. | 8.13% | 6/30/2024 | 1.0% |
Sprint Corp. | 7.13% | 6/15/2024 | 0.9% |
Acrisure, LLC / Acrisure Finance, Inc. | 7.00% | 11/15/2025 | 0.8% |
CSC Holdings, LLC | 5.75% | 1/15/2030 | 0.8% |
Brookfield Property Reit, Inc. / Bpr Cumulus, Llc | 5.75% | 5/15/2026 | 0.7% |
Bausch Health Americas, Inc. | 8.50% | 1/31/2027 | 0.6% |
Amneal Pharmaceuticals, LLC | 3.71% | 5/4/2025 | 0.6% |
Team Health Holdings, Inc. | 3.75% | 2/6/2024 | 0.6% |
Total | 8.1% |
Name | Fund | BBgBarc US Corp High Yield 2% Issuer Capped Index |
---|---|---|
Number of Holdings | 450 | 2,144 |
Average Effective Duration | 3.3 years | 3.8 years |
Average Effective Maturity | 6.71 years | 6.51 years |
Option Adjusted Spread | 323 bps | 305 bps |
Portfolio Turnover (12 months) | 47.3% | N/A |
Net Assets | $41.6 M | N/A |
Country | % |
---|---|
United States | 89.1% |
Luxembourg | 2.4% |
Canada | 2.1% |
Israel | 1.5% |
United Kingdom | 0.5% |
Peru | 0.2% |
Italy | 0.2% |
Germany | 0.2% |
Cayman Islands | 0.1% |
Greece | 0.0% |
Class | % |
---|---|
AAA | 0.0% |
AA | 0.0% |
A | 0.3% |
BBB | 6.8% |
BB | 47.9% |
B | 32.2% |
CCC and below | 10.5% |
Unrated Securities | 2.3% |
Range | % |
---|---|
< 1 Year | 4.2% |
1 to 3 Years | 7.8% |
3 to 5 Years | 29.1% |
5 to 7 Years | 31.4% |
7 to 10 Years | 16.6% |
10 to 20 Years | 5.1% |
> 20 Years | 1.9% |
Equities and Other | 3.7% |
Name | Fund |
---|---|
Annualized Standard Deviation | 8.64% |
Beta | 1.12 |
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 High Income Opportunities Fund include: high yield risk consisting of increased credit and liquidity risks, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk, interest rate risk, credit risk, liquidity risk, portfolio selection risk, foreign securities risk and liquidity risk.
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.
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.
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.
Top Country exposure is measured by country of risk.
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.
Duration- provides a measure of the Fund's interest rate sensitivity-the longer a fund's duration, the more sensitive it is to shifts in interest rates
Option adjusted spread is the yield spread which has to be added to a benchmark yield curve to discount a security's payments to match its market price; uses a dynamic pricing model that accounts for embedded options and is usually measured in basis points.
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.
Yield-to-worst is the lowest potential yield that can be received on a bond without the issuer defaulting.
The Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index measures the performance of high yield corporate bonds with a maximum allocation of 2% to any one issuer. 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.
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 |
---|---|
2008 | 0.0000 |
2009 | 0.0000 |
2010 | 0.0000 |
2011 | 0.1305 |
2012 | 0.1336 |
2013 | 0.1912 |
2014 | 0.2449 |
2015 | 0.0000 |
2016 | 0.0000 |
2017 | 0.0000 |
2018 | 0.0000 |
2019 | 0.0000 |
2020 | 0.0000 |
Name | Frequency |
---|---|
Distributions | MONTHLY |
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 |
---|---|---|---|
March 2021 | $0.0367 | $0.0367 | 8.51000 |
February 2021 | $0.0379 | $0.0379 | 8.50000 |
January 2021 | $0.0283 | $0.0283 | 8.46000 |
December 2020 | $0.0317 | $0.0317 | 8.43000 |
November 2020 | $0.0364 | $0.0364 | 8.29000 |
October 2020 | $0.0279 | $0.0279 | 7.96000 |
September 2020 | $0.0298 | $0.0298 | 7.97000 |
August 2020 | $0.0335 | $0.0335 | 8.07000 |
July 2020 | $0.0372 | $0.0372 | 7.98000 |
June 2020 | $0.0341 | $0.0341 | 7.70000 |
May 2020 | $0.0396 | $0.0396 | 7.63000 |
April 2020 | $0.0432 | $0.0432 | 7.32000 |
March 2020 | $0.0475 | $0.0475 | 7.10000 |
February 2020 | $0.0433 | $0.0433 | 8.30000 |
January 2020 | $0.0395 | $0.0395 | 8.48000 |
December 2019 | $0.0411 | $0.0411 | 8.51000 |
November 2019 | $0.0422 | $0.0422 | 8.33000 |
October 2019 | $0.0400 | $0.0400 | 8.34000 |
September 2019 | $0.0351 | $0.0351 | 8.36000 |
August 2019 | $0.0416 | $0.0416 | 8.39000 |
July 2019 | $0.0416 | $0.0416 | 8.44000 |
June 2019 | $0.0421 | $0.0421 | 8.45000 |
May 2019 | $0.0457 | $0.0457 | 8.32000 |
April 2019 | $0.0462 | $0.0462 | 8.49000 |
March 2019 | $0.0365 | $0.0365 | 8.40000 |
February 2019 | $0.0389 | $0.0389 | 8.38000 |
January 2019 | $0.0466 | $0.0466 | 8.26000 |
December 2018 | $0.0460 | $0.0460 | 7.90000 |
November 2018 | $0.0440 | $0.0440 | 8.21000 |
October 2018 | $0.0434 | $0.0434 | 8.37000 |
September 2018 | $0.0423 | $0.0423 | 8.60000 |
August 2018 | $0.0443 | $0.0443 | 8.58000 |
July 2018 | $0.0404 | $0.0404 | 8.56000 |
June 2018 | $0.0451 | $0.0451 | 8.51000 |
May 2018 | $0.0455 | $0.0455 | 8.52000 |
April 2018 | $0.0439 | $0.0439 | 8.55000 |
March 2018 | $0.0440 | $0.0440 | 8.53000 |
February 2018 | $0.0424 | $0.0424 | 8.67000 |
January 2018 | $0.0415 | $0.0415 | 8.81000 |
December 2017 | $0.0509 | $0.0509 | 8.78000 |
November 2017 | $0.0389 | $0.0389 | 8.79000 |
October 2017 | $0.0235 | $0.0235 | 8.87000 |
September 2017 | $0.0275 | $0.0275 | 8.87000 |
August 2017 | $0.0399 | $0.0399 | 8.84000 |
July 2017 | $0.0367 | $0.0367 | 8.87000 |
June 2017 | $0.0334 | $0.0334 | 8.82000 |
May 2017 | $0.0351 | $0.0351 | 8.84000 |
April 2017 | $0.0406 | $0.0406 | 8.83000 |
March 2017 | $0.0352 | $0.0352 | 8.73000 |
February 2017 | $0.0342 | $0.0342 | 8.83000 |
January 2017 | $0.0315 | $0.0315 | 8.77000 |
December 2016 | $0.0370 | $0.0370 | 8.69000 |
November 2016 | $0.0366 | $0.0366 | 8.57000 |
October 2016 | $0.0327 | $0.0327 | 8.62000 |
September 2016 | $0.0321 | $0.0321 | 8.63000 |
August 2016 | $0.0343 | $0.0343 | 8.61000 |
July 2016 | $0.0407 | $0.0407 | 8.51000 |
June 2016 | $0.0462 | $0.0462 | 8.33000 |
May 2016 | $0.0368 | $0.0368 | 8.33000 |
April 2016 | $0.0305 | $0.0305 | 8.35000 |
March 2016 | $0.0346 | $0.0346 | 8.16000 |
February 2016 | $0.0301 | $0.0301 | 7.97000 |
January 2016 | $0.0372 | $0.0372 | 7.95000 |
December 2015 | $0.0467 | $0.0467 | 8.17000 |
November 2015 | $0.0352 | $0.0352 | 8.42000 |
October 2015 | $0.0324 | $0.0324 | 8.63000 |
September 2015 | $0.0343 | $0.0343 | 8.43000 |
August 2015 | $0.0382 | $0.0382 | 8.67000 |
July 2015 | $0.0374 | $0.0374 | 8.88000 |
June 2015 | $0.0407 | $0.0407 | 9.02000 |
May 2015 | $0.0289 | $0.0289 | 9.21000 |
April 2015 | $0.0401 | $0.0401 | 9.20000 |
March 2015 | $0.0357 | $0.0357 | 9.11000 |
February 2015 | $0.0371 | $0.0371 | 9.19000 |
January 2015 | $0.0367 | $0.0367 | 8.98000 |
December 2014 | $0.0587 | $0.0587 | 9.01000 |
November 2014 | $0.0451 | $0.0451 | 9.53000 |
October 2014 | $0.0411 | $0.0411 | 9.65000 |
September 2014 | $0.0413 | $0.0413 | 9.60000 |
August 2014 | $0.0373 | $0.0373 | 9.85000 |
July 2014 | $0.0531 | $0.0531 | 9.77000 |
June 2014 | $0.0448 | $0.0448 | 9.94000 |
May 2014 | $0.0607 | $0.0607 | 9.91000 |
April 2014 | $0.0438 | $0.0438 | 9.88000 |
March 2014 | $0.0569 | $0.0569 | 9.87000 |
February 2014 | $0.0435 | $0.0435 | 9.89000 |
January 2014 | $0.0392 | $0.0392 | 9.74000 |
December 2013 | $0.0471 | $0.0471 | 9.73000 |
November 2013 | $0.0419 | $0.0419 | 9.90000 |
October 2013 | $0.0408 | $0.0408 | 9.90000 |
September 2013 | $0.0403 | $0.0403 | 9.73000 |
August 2013 | $0.0468 | $0.0468 | 9.70000 |
July 2013 | $0.0438 | $0.0438 | 9.83000 |
June 2013 | $0.0551 | $0.0551 | 9.67000 |
May 2013 | $0.0355 | $0.0355 | 10.06000 |
April 2013 | $0.0488 | $0.0488 | 10.11000 |
March 2013 | $0.0463 | $0.0463 | 9.98000 |
February 2013 | $0.0378 | $0.0378 | 9.92000 |
January 2013 | $0.0422 | $0.0422 | 9.96000 |
December 2012 | $0.0465 | $0.0465 | 9.86000 |
November 2012 | $0.0458 | $0.0458 | 9.88000 |
November 2012 | $0.0470 | $0.0470 | 9.89000 |
September 2012 | $0.0499 | $0.0499 | 9.88000 |
August 2012 | $0.0444 | $0.0444 | 9.80000 |
July 2012 | $0.0486 | $0.0486 | 9.75000 |
June 2012 | $0.0385 | $0.0385 | 9.64000 |
May 2012 | $0.0515 | $0.0515 | 9.53000 |
April 2012 | $0.0510 | $0.0510 | 9.74000 |
March 2012 | $0.0457 | $0.0457 | 9.74000 |
February 2012 | $0.0461 | $0.0461 | 9.85000 |
January 2012 | $0.0422 | $0.0422 | 9.70000 |
December 2011 | $0.0474 | $0.0474 | 9.51000 |
November 2011 | $0.0401 | $0.0401 | 9.54000 |
October 2011 | $0.0541 | $0.0541 | 9.68000 |
September 2011 | $0.0556 | $0.0556 | 9.30000 |
August 2011 | $0.0630 | $0.0630 | 9.57000 |
July 2011 | $0.0586 | $0.0586 | 9.98000 |
June 2011 | $0.0542 | $0.0542 | 9.91000 |
May 2011 | $0.0467 | $0.0467 | 10.08000 |
April 2011 | $0.0546 | $0.0546 | 10.14000 |
March 2011 | $0.0484 | $0.0484 | 10.06000 |
February 2011 | $0.0519 | $0.0519 | 10.07000 |
January 2011 | $0.0414 | $0.0414 | 9.96000 |
December 2010 | $0.0557 | $0.0557 | 9.86000 |
November 2010 | $0.0584 | $0.0584 | 9.78000 |
October 2010 | $0.0550 | $0.0550 | 9.97000 |
September 2010 | $0.0509 | $0.0509 | 9.80000 |
August 2010 | $0.0533 | $0.0533 | 9.65000 |
July 2010 | $0.0581 | $0.0581 | 9.58000 |
June 2010 | $0.0577 | $0.0577 | 9.44000 |
May 2010 | $0.0582 | $0.0582 | 9.42000 |
April 2010 | $0.0589 | $0.0589 | 9.76000 |
March 2010 | $0.0563 | $0.0563 | 9.67000 |
February 2010 | $0.0541 | $0.0541 | 9.51000 |
January 2010 | $0.0228 | $0.0228 | 9.50000 |
December 2009 | $0.2298 | $0.2298 | 9.47000 |
September 2009 | $0.1671 | $0.1671 | 9.23000 |
June 2009 | $0.1316 | $0.1316 | 8.44000 |
March 2009 | $0.0693 | $0.0693 | 7.23000 |
December 2008 | $0.1199 | $0.1199 | 6.70000 |
September 2008 | $0.1268 | $0.1268 | 8.92000 |
June 2008 | $0.1482 | $0.1482 | 9.92000 |
March 2008 | $0.0788 | $0.0788 | 9.61000 |
December 2007 | $0.3769 | $0.3769 | 10.16000 |
September 2007 | $0.1423 | $0.1423 | 10.70000 |
June 2007 | $0.1375 | $0.1375 | 10.79000 |
March 2007 | $0.1162 | $0.1162 | 10.80000 |
December 2006 | $0.2460 | $0.2460 | 10.68000 |
September 2006 | $0.1200 | $0.1200 | 10.52000 |
June 2006 | $0.1191 | $0.1191 | 10.26000 |
April 2006 | $0.2253 | $0.2253 | 10.67000 |
December 2005 | $0.2055 | $0.2055 | 10.41000 |
September 2005 | $0.1423 | $0.1423 | 10.67000 |
June 2005 | $0.1430 | $0.1430 | 10.51000 |
April 2005 | $0.2285 | $0.2285 | 10.54000 |
December 2004 | $0.1963 | $0.1963 | 11.03000 |
September 2004 | $0.1605 | $0.1605 | 10.76000 |
June 2004 | $0.2036 | $0.2036 | 10.50000 |
March 2004 | $0.1479 | $0.1479 | 10.79000 |
December 2003 | $0.2364 | $0.2364 | 10.75000 |
September 2003 | $0.1767 | $0.1767 | 10.33000 |
June 2003 | $0.1455 | $0.1455 | 10.39000 |
March 2003 | $0.0942 | $0.0942 | 9.58000 |
December 2002 | $0.1479 | $0.1479 | 9.13000 |
September 2002 | $0.1214 | $0.1214 | 8.64000 |
June 2002 | $0.1044 | $0.1044 | 9.51000 |
March 2002 | $0.0847 | $0.0847 | 9.84000 |
December 2001 | $0.1569 | $0.1569 | 9.57000 |
September 2001 | $0.1210 | $0.1210 | 9.15000 |
June 2001 | $0.1650 | $0.1650 | 9.59000 |
March 2001 | $0.1500 | $0.1500 | 9.58000 |
December 2000 | $0.1610 | $0.1610 | 9.29000 |
September 2000 | $0.1620 | $0.1620 | 9.63000 |
June 2000 | $0.1670 | $0.1670 | 9.57000 |
March 2000 | $0.1620 | $0.1620 | 9.52000 |
December 1999 | $0.1620 | $0.1620 | 9.81000 |
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 High Income Opportunities Fund include: high yield risk consisting of increased credit and liquidity risks, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk, interest rate risk, credit risk, liquidity risk, portfolio selection risk, foreign securities risk and liquidity risk.
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 2.25%. 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 1.37%, C Shares 2.11% and I Shares 1.12%.
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 | 1.37% | 2.11% | 1.12% |
Net Expense Ratio | 1.00% | 1.75% | 0.75% |
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 | 8/02/99 | 12/21/00 | 3/01/02 |
Ticker Symbol | CHYDX | CCHYX | CIHYX |
CUSIP number | 128119815 | 128119799 | 128119781 |
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Sales Load | Front-End | Level-Load | N/A |
Maximum Sales Charge | 2.25 | 1.00 | N/A |
Redemption Fee | 1.00% | 1.00% | 1.00% |
US Bank Fund Number | 608 | 622 | 632 |
Dividends | MONTHLY | MONTHLY | MONTHLY |
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 High Income Opportunities Fund include: high yield risk consisting of increased credit and liquidity risks, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk, interest rate risk, credit risk, liquidity risk, portfolio selection risk, foreign securities risk and liquidity risk.
Calamos High Income Opportunities Fund has a redemption fee of 1.00% on shares held sixty days or less (as a percentage of amount redeemed) for all Class A, Class C, and Class I Shares.
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.
The Fund's investment advisor has contractually agreed to reimburse Fund expenses through March 1, 2023 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses, and extra- ordinary expenses, if any) of Class A, Class C, and Class I are limited to 1.00%, 1.75%, and 0.75% of average net assets, respectively. Calamos Advisors may recapture previously waived expense amounts within the same fiscal year for any day where the respective Fund's expense ratio falls below the contractual expenses limit up to the expense limit for that day. This undertaking is binding on Calamos Advisors and any of its successors and assigns. This agreement is not terminable by either party.
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 High Income Opportunities Fund include: high yield risk consisting of increased credit and liquidity risks, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk, interest rate risk, credit risk, liquidity risk, portfolio selection risk, foreign securities risk and liquidity risk.
Calamos High Income Opportunities Fund has a redemption fee of 1.00% on shares held sixty days or less (as a percentage of amount redeemed) for all Class A, Class C, and Class I Shares.
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.
The Fund's investment advisor has contractually agreed to reimburse Fund expenses through March 1, 2023 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses, and extra- ordinary expenses, if any) of Class A, Class C, and Class I are limited to 1.00%, 1.75%, and 0.75% of average net assets, respectively. Calamos Advisors may recapture previously waived expense amounts within the same fiscal year for any day where the respective Fund's expense ratio falls below the contractual expenses limit up to the expense limit for that day. This undertaking is binding on Calamos Advisors and any of its successors and assigns. This agreement is not terminable by either party.
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 recession isn’t imminent, but some measures in credit markets point to building pressure in the economy. Associate Portfolio Manager Christian Brobst discusses credit conditions and the mixed signals our fixed income team sees today.
A quarterly update of the Calamos High Income Opportunities Fund’s performance, positioning, related market commentary and outlook.
The High Income Opportunities Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
Credit analysis is the foundation of our fixed income investment process. We provide an overview of how our team of dedicated credit analysts evaluate a company’s ability to meet its debt obligations utilizing rigorous bottom-up fundamental analysis informed by macroeconomic insights.
When comparing bond mutual funds, investors may find themselves confronted by an array of yield metrics. Here, we will look at some of the most common metrics for bond yields and explain what they represent. Then, we will take a look at some additional metrics that apply to bond portfolios.
This summary contains important information about the High Income Opportunities 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.