Calamos Merger Arbitrage Fund

Fund Stats

  • NAV


    $0.03 (0.30%)

    As of 11/29/23

  • Inception Date



To deliver absolute returns largely uncorrelated to equity and fixed income markets.

Key Features

  • Calamos is a pioneer in convertible and options investing, where analysis of public acquisitions and opportunities to alter risk reward through structure is an ingrained part of the investment process
  • Our merger strategy is a natural extension of our experience managing hedged equity and convertible arbitrage strategies for more than 20 years on average as a team
  • Because of this, we believe one of our main edges resides in public acquisitions where there are convertible bonds, liquid options or other securities within a target company's capital structure that allow us to alter risk reward through trade structure

Portfolio Fit

Seeks to deliver absolute returns uncorrelated to equity and fixed income markets.



Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

Calamos Mutual Funds Estimated 2023 Capital Gains
Preliminary capital gains distribution estimates for Calamos Mutual Funds were posted November 1, 2023. To view the report, click here.

2022 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2022. To view the report, click here.

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares
Gross Expense Ratio 2.12% 2.87% 1.87%

Investment Information

Name A Shares C Shares I Shares
Minimum initial investment $2500 $2500 $1 million
Minimum subsequent investments $50 $50 N/A
IRA initial investments $500 $500 N/A

Fund Information

Name A Shares C Shares I Shares
Inception Date 9/29/23 9/29/23 9/29/23
CUSIP number 128120219 128120193 128120185

Sales & Distribution

Name A Shares C Shares I Shares
Sales Load Front-End Level-Load N/A
Maximum Sales Charge 2.75 1.00 N/A
US Bank Fund Number 5852 5853 5854

The Fund's investment advisor has contractually agreed to reimburse Fund expenses through October 31, 2026 to the extent necessary so that Total Annual Fund Operating Expenses of Class A shares, Class C shares and Class I shares are limited to 1.50%, 2.25% and 1.25% of average net assets, respectively. For purposes of these expense limitations, operating expenses do not include taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses, foreign tax reclaim expenses, and extraordinary expenses (as determined in the discretion of Calamos Advisors LLC ("Calamos Advisors")), such as litigation costs. Calamos Advisors may recapture previously waived expense amounts within the same fiscal year for any day where the respective share class's expense ratio falls below the contractual expense 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.


About the Fund

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The Merger Arbitrage Fund launch sheet provides a snap shot of the investment team and fund strategy.

Prospectus and Reports

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This summary contains important information about the Class A, C, and I Merger Arbitrage Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.

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You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.

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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.


Calamos Financial Services LLC, Distributor

Check the background of the firm and its investment professionals on FINRA's BrokerCheck.

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 1-866-363-9219. Read it carefully before investing.

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Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Financial Services LLC and Calamos Antetokounmpo Asset Management LLC.

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