$10.06
$0.11 (1.08%)
As of 12/3/24
2.80%
As of 12/3/24
$2.1 Million
As of 9/30/24
9/29/23
To deliver absolute returns largely uncorrelated to equity and fixed income markets.
Seeks to deliver absolute returns uncorrelated to equity and fixed income markets.
Date | Calamos Merger Arbitrage Fund (NAV) | ICE BofA US 3 Month Treasury Bill Index (G0O1) | S&P 500 Index |
---|---|---|---|
YTD 2024 | -2.13 | 4.03 | 22.08 |
2023* | 1.37 | 1.37 | 11.69 |
*Reflects the fund's return from the inception date of 9/29/2023 through 12/31/2023.
TimeFrame | Calamos Merger Arbitrage Fund (NAV) | ICE BofA US 3 Month Treasury Bill Index (G0O1) | S&P 500 Index |
---|---|---|---|
3 Month | 4.11 | 1.37 | 5.89 |
1 Year | 1.89 | 5.46 | 36.35 |
Since Inception (09/29/23) | 1.89 | 5.46 | 36.35 |
TimeFrame | Calamos Merger Arbitrage Fund (NAV) | ICE BofA US 3 Month Treasury Bill Index (G0O1) | S&P 500 Index |
---|---|---|---|
1 Month | -1.58 | 0.38 | -0.91 |
1 Year | 3.07 | 5.39 | 38.02 |
Since Inception (09/29/23) | 0.26 | 5.39 | 32.02 |
The ICE BofA 3-Month US Treasury Bill Index (G0O1) is an unmanaged index that measures the performance of a single US Treasury issue with approximately three months to final maturity. The issue is purchased at the beginning of each month and held for one full month. At the end of the month, that issue is sold and rolled into a newly selected issue.
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.
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 6.06%, C Shares 6.81% and I Shares 5.81%.
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.
Sector | % of Assets |
---|---|
Information Technology | 31.6% |
Consumer Staples | 7.6% |
Consumer Discretionary | 7.5% |
Health Care | 6.3% |
Materials | 6.0% |
Communication Services | 5.0% |
Financials | 4.3% |
Energy | 2.5% |
Industrials | 0.1% |
Utilities | 0.0% |
Real Estate | 0.0% |
Other | 7.3% |
Asset Allocation | % |
---|---|
Common Stock | 47.0716 |
Convertibles | 31.1424 |
Cash and Receivables/Payables | 21.7492 |
Other | 0.0437 |
Warrants | 0.0007 |
Options | -0.0076 |
Target Company | Sector | Acquiring Company | % |
---|---|---|---|
Juniper Networks, Inc. | Information Technology | Hewlett Packard Enterprise Company | 7.7% |
Southwestern Energy Company | Energy | Chesapeake Energy Corp. | 7.6% |
Hess Corp. | Energy | Chevron Corp. | 7.6% |
Amedisys, Inc. | Health Care | UnitedHealth Group, Inc. | 6.3% |
Albertsons Companies, Inc. - Class A | Consumer Staples | Kroger Company | 6.3% |
Perficient, Inc. | Information Technology | EQT AB | 6.1% |
Infinera Corp. | Information Technology | 5.1% | |
Capri Holdings, Ltd. | Consumer Discretionary | Tapestry, Inc. | 4.8% |
ANSYS, Inc. | Information Technology | Synopsys, Inc. | 4.6% |
United States Steel Corp. | Materials | Nippon Steel Corp. | 4.4% |
Total | 60.5% |
Name | Fund |
---|---|
Net Assets | $2.1 M |
Number of Holdings | 43 |
Portfolio Turnover (12 months) | 135.4% |
Market CAP Range | % of Assets |
---|---|
<=$0.10bil | 6.2% |
>$0.10bil<=$5bil | 42.7% |
>$5bil<=$30bil | 55.1% |
>$30bil<=$200bil | 7.7% |
>$200bil | -11.6% |
Name | Frequency |
---|---|
Distributions | ANNUAL |
Capital Gains | ANNUAL |
Calamos Mutual Funds Estimated 2024 Capital Gains
Preliminary capital gains distribution estimates for Calamos Mutual Funds were posted November 1, 2024. To view the report, click here.
2023 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2023. To view the report, click here.
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Gross Expense Ratio | 6.06% | 6.81% | 5.81% |
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 |
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Inception Date | 9/29/23 | 9/29/23 | 9/29/23 |
Ticker Symbol | CMRAX | CMRCX | CMRGX |
CUSIP number | 128120219 | 128120193 | 128120185 |
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 |
Dividends | ANNUAL | ANNUAL | ANNUAL |
Capital Gains | ANNUAL | ANNUAL | ANNUAL |
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.
The Merger Arbitrage Fund launch sheet provides a snap shot of the investment team and fund strategy.
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.
Hear Jason Hill, SVP and Co-Portfolio Manager discuss why we think merger arbitrage is a great opportunity and what sets our merger arbitrage strategy apart.
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