CMNIX
$14.91
$0.01 (0.07%)
As of 10/4/24
6.08%
As of 10/4/24
$14.6 Billion
As of 6/30/24
5/10/00
An absolute return strategy with a 30+ year history of seeking to optimally utilize volatility to generate returns, provide diversification to fixed income, and manage equity risk.
The fund may provide potential diversification, with its low correlation to bonds and stability versus equities.
David O’Donohue, SVP, Co-Head of Alternative Strategies, Senior Co-PM, explains why Calamos Market Neutral Income Fund (CMNIX) may offer portfolio stability during rate cuts.
As of April 30, 2021, Morningstar assigned CMNIX to a new category, Relative Value Arbitrage. This category is not assigned a star rating by Morningstar due to its small peer set. For more information about the changes, click here.
Create real time reports on performance, risk analysis, peer group analysis, style attribution and more on the Investment Professional site.
CompareDate | Calamos Market Neutral Income Fund (NAV) | Bloomberg US Govt/Credit Bond Index | Bloomberg Short Treasury 1-3 Month Index |
---|---|---|---|
YTD 2024 | 3.44 | -0.68 | 2.68 |
2023 | 9.17 | 5.72 | 5.14 |
2022 | -4.26 | -13.58 | 1.52 |
2021 | 5.02 | -1.75 | 0.04 |
2020 | 5.35 | 8.93 | 0.56 |
2019 | 6.73 | 9.71 | 2.22 |
2018 | 1.80 | -0.42 | 1.83 |
2017 | 4.75 | 4.00 | 0.82 |
2016 | 5.04 | 3.05 | 0.28 |
2015 | 1.30 | 0.15 | 0.03 |
TimeFrame | Calamos Market Neutral Income Fund (NAV) | Bloomberg US Govt/Credit Bond Index | Bloomberg Short Treasury 1-3 Month Index |
---|---|---|---|
1 Year | 6.55 | 2.74 | 5.49 |
3 Year | 3.40 | -3.11 | 3.11 |
5 Year | 4.10 | -0.07 | 2.17 |
10 Year | 3.82 | 1.51 | 1.50 |
Since Inception (05/10/00) | 4.45 | 4.02 | 1.73 |
TimeFrame | Calamos Market Neutral Income Fund (NAV) | Bloomberg US Govt/Credit Bond Index | Bloomberg Short Treasury 1-3 Month Index |
---|---|---|---|
1 Year | 7.34 | 7.21 | 5.53 |
3 Year | 3.65 | -2.31 | 3.42 |
5 Year | 4.24 | -0.02 | 2.29 |
10 Year | 3.92 | 1.76 | 1.59 |
Since Inception (05/10/00) | 4.49 | 4.14 | 1.76 |
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 2.75%. Had it been included, the Fund's return would have been lower.
Index data shown reflects full month periods only. If share class inception date is on or before the 15th of the month, the index calculation inception date begins on the first day of that month. If share class inception date is after the 15th of the month, the index calculation inception date begins on the first day of the following month.
The Bloomberg US Government/Credit Bond Index includes Treasuries and agencies that represent the government portion of the index, and includes publicly issued US corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements to represent credit interests.
The Bloomberg Short Treasury 1-3 Month Index is generally considered representative of the performance of short-term money market investments and compares performance to public obligations of the US Treasury with maturities of 1-3 months.
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 3/1/2024 are as follows: A Shares 1.22%, C Shares 1.97%, I Shares 0.97% and R6 Shares 0.88%.
10k Performance results are before taxes on fund distributions and assume reinvestment of dividends and capital gains. Index data shown is from 5/31/00, since comparative index data is available only for full monthly periods. Source: Calamos Investments
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.
Strategy | % |
---|---|
Hedged Equity | 53.3 |
Convertible Arbitrage | 41.9 |
Merger Arbitrage | 4.0 |
SPAC Arbitrage | 0.8 |
Name | Fund |
---|---|
Net Assets | $14.6 B |
Number of Holdings | 999 |
Portfolio Turnover (12 months) | 31.0% |
Name | Duration |
---|---|
Weighted Avg. Duration | 1.5 years |
Weighted Avg. Maturity | 2.6 years |
Class | % |
---|---|
AAA | 0.0% |
AA | 0.1% |
A | 5.9% |
BBB | 10.7% |
BB | 0.7% |
B | 0.0% |
CCC and below | 0.3% |
Unrated Securities | 82.3% |
Range | % |
---|---|
< 1 Year | 26.5% |
1 to 5 Years | 30.7% |
5 to 10 Years | 1.6% |
10 to 20 Years | 0.0% |
20 to 30 Years | 0.0% |
> 30 Years | 0.0% |
Equities and Other | 41.1% |
Year | Capital Gains |
---|---|
2008 | 0.2923 |
2009 | 0.0000 |
2010 | 0.0000 |
2011 | 0.0000 |
2012 | 0.0000 |
2013 | 0.2575 |
2014 | 0.1369 |
2015 | 0.1952 |
2016 | 0.1997 |
2017 | 0.2250 |
2018 | 0.4107 |
2019 | 0.0000 |
2020 | 0.0000 |
2021 | 0.0000 |
2022 | 0.0000 |
2023 | 0.5098 |
Name | Frequency |
---|---|
Distributions | QUARTERLY |
Capital Gains | ANNUAL |
2023 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2023. To view the report, click here.
Frequency | Income | Reinvest |
---|---|---|
Q2 2024 | $0.0513 | 14.57000 |
Q1 2024 | $0.0263 | 14.37000 |
Q4 2023 | $0.1907 | 14.17000 |
Q3 2023 | $0.0740 | 14.59000 |
Q2 2023 | $0.0416 | 14.45000 |
Q1 2023 | $0.0202 | 13.98000 |
Q4 2022 | $0.1000 | 13.77000 |
Q3 2022 | $0.0251 | 13.75000 |
Q2 2022 | $0.0123 | 13.54000 |
Q1 2022 | $0.0033 | 14.11000 |
Q4 2021 | $0.0160 | 14.42000 |
Q3 2021 | $0.0139 | 14.33000 |
Q2 2021 | $0.0368 | 13.86000 |
Q1 2021 | $0.0000 | 13.86000 |
Q4 2020 | $0.0381 | 0.00000 |
Q2 2020 | $0.0379 | 13.34000 |
Q1 2020 | $0.0488 | 12.48000 |
Q4 2019 | $0.0682 | 13.28000 |
Q3 2019 | $0.0571 | 13.25000 |
Q2 2019 | $0.0422 | 13.10000 |
Q1 2019 | $0.0372 | 12.98000 |
Q4 2018 | $0.0953 | 12.67000 |
Q3 2018 | $0.0660 | 13.38000 |
Q2 2018 | $0.0375 | 13.34000 |
Q1 2018 | $0.0256 | 13.23000 |
Q4 2017 | $0.0682 | 13.04000 |
Q3 2017 | $0.0380 | 13.19000 |
Q2 2017 | $0.0333 | 13.11000 |
Q1 2017 | $0.0439 | 13.04000 |
Q4 2016 | $0.0526 | 12.89000 |
Q3 2016 | $0.0452 | 12.93000 |
Q2 2016 | $0.0452 | 12.72000 |
Q1 2016 | $0.0390 | 12.59000 |
Q4 2015 | $0.0600 | 12.60000 |
Q3 2015 | $0.0361 | 12.78000 |
Q2 2015 | $0.0280 | 13.04000 |
Q1 2015 | $0.0468 | 12.87000 |
Q4 2014 | $0.0429 | 12.80000 |
Q3 2014 | $0.0337 | 13.02000 |
Q2 2014 | $0.0212 | 12.97000 |
Q1 2014 | $0.0575 | 12.85000 |
Q4 2013 | $0.0426 | 12.76000 |
Q3 2013 | $0.0398 | 12.87000 |
Q2 2013 | $0.0645 | 12.58000 |
Q1 2013 | $0.0505 | 12.69000 |
Q4 2012 | $0.0582 | 12.55000 |
Q3 2012 | $0.0479 | 12.68000 |
Q2 2012 | $0.0436 | 12.23000 |
Q1 2012 | $0.0330 | 12.35000 |
Q4 2011 | $0.0602 | 11.96000 |
Q3 2011 | $0.0555 | 11.58000 |
Q2 2011 | $0.0547 | 11.87000 |
Q1 2011 | $0.0474 | 11.85000 |
Q4 2010 | $0.0733 | 11.80000 |
Q3 2010 | $0.0555 | 11.48000 |
Q2 2010 | $0.0333 | 11.33000 |
Q1 2010 | $0.0200 | 11.59000 |
Q4 2009 | $0.0469 | 11.35000 |
Q3 2009 | $0.0521 | 11.15000 |
Q2 2009 | $0.0561 | 10.64000 |
Q1 2009 | $0.0826 | 9.81000 |
Q4 2008 | $0.3563 | 10.11000 |
Q3 2008 | $0.0974 | 11.88000 |
Q2 2008 | $0.0977 | 12.45000 |
Q1 2008 | $0.0979 | 12.45000 |
Name | A Shares | C Shares | I Shares | R6 Shares |
---|---|---|---|---|
Gross Expense Ratio | 1.22% | 1.97% | 0.97% | 0.88% |
Name | A Shares | C Shares | I Shares | R6 Shares |
---|---|---|---|---|
Minimum initial investment | $2500 | $2500 | $1 million | $0 |
Minimum subsequent investments | $50 | $50 | $0 | $0 |
IRA initial investments | $500 | $500 | N/A | N/A |
Name | A Shares | C Shares | I Shares | R6 Shares |
---|---|---|---|---|
Inception Date | 9/04/90 | 2/16/00 | 5/10/00 | 6/23/20 |
Ticker Symbol | CVSIX | CVSCX | CMNIX | CVSOX |
CUSIP number | 128119203 | 128119849 | 128119880 | 128120342 |
Name | A Shares | C Shares | I Shares | R6 Shares |
---|---|---|---|---|
Sales Load | Front-End | Level-Load | N/A | N/A |
Maximum Sales Charge | 2.75 | 1.00 | N/A | N/A |
US Bank Fund Number | 605 | 619 | 629 | 5575 |
Dividends | QUARTERLY | QUARTERLY | QUARTERLY | QUARTERLY |
Capital Gains | ANNUAL | ANNUAL | ANNUAL | ANNUAL |
September 20, 2024
Over the last full interest rate cycle, the Calamos Market Neutral Income Fund (CMNIX) notably outperformed the Bloomberg US Aggregate Bond Index with less volatility.
July 19, 2024
We have experienced historic monetary policy shifts and their impact on markets over recent months. While changing interest rates can create challenges for traditional bond strategies, Calamos Market Neutral Income Fund (CMNIX) is designed to address these challenges, allowing investors to enhance their fixed income allocations.
March 1, 2024
In addition to delivering steady performance through multiple interest-rate cycles, Co-CIO Eli Pars highlights other advantages that give CMNIX an edge in times of uncertainty.
February 2, 2024
Here’s why we call Calamos Market Neutral Income Fund (CMNIX) both consistent and resilient.
David O’Donohue, SVP, Co-Head of Alternative Strategies, Senior Co-PM, explains why Calamos Market Neutral Income Fund (CMNIX) may offer portfolio stability during rate cuts.
Market volatility is inevitable, but preparation is key. Calamos Market Neutral Income Fund (CMNIX) was designed to offer stability and consistent outperformance compared to traditional bonds – even in turbulent times.
A quarterly update of the Calamos Market Neutral Income Fund’s performance, positioning, related market commentary and outlook.
The Market Neutral Income Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
The Calamos Market Neutral Income Fund is a time-tested alternative strategy that draws from a robust alternatives platform and serves as a diversification overachiever.
We have experienced historic monetary policy shifts and their impact on markets over recent months. While traditional fixed income has fallen short, Calamos Market Neutral Income Fund (CMNIX) has effectively navigated through each policy regime and outperformed bonds.
Calamos Market Neutral Income Fund has navigated ebbs and flows in interest rates over a 30+ year history and outperformed the index along the way.
We believe CMNIX can make a compelling contribution to an asset allocation, supported by its historically attractive correlative benefits and strong return profile.
Our hypothetical illustration using Calamos Market Neutral Income Fund (CMNIX) offers a potential alternative solution for investors saving for retirement with traditional fixed income securities.
Like stocks, convertibles typically offer upside appreciation in rising equity markets. Like bonds, convertibles provide income and potential downside protection in declining markets.
A comprehensive overview of convertible securities, including history, structures, valuation, market environment, and roles within asset allocation.
Illustration of how the Calamos Market Neutral Income Fund (CMNIX) has kept drawdowns to a minimum and recovered sooner, allowing the portfolio to get back to growing.
The Calamos Market Neutral Income Fund is an option whether you expect rates to ultimately rise 50 bps or 250 bps.
In periods where Treasury Yields rose more than 100 basis points, the Calamos Market Neutral Income fund outperformed the index in every period.
Illustration of equity alternatives performance in down markets and fixed income alternative performance in rising interest rate environments.
This summary contains important information about the 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 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.
The semi annual report provides a comprehensive review of the fund’s activities and financial performance over a six month period.
This website uses cookies. By continuing to use this website, you consent to the use of cookies. Learn more about our cookie usage.