Fund Stats

  • NAV

    $14.72

    $0.15 (1.01%)

    As of 12/3/21

  • Daily YTD Return

    4.47%

    As of 12/3/21

  • Total Net Assets

    $556.2 Million

    As of 9/30/21

  • Inception Date

    5/1/02

Overview

The fund seeks strong risk-adjusted and absolute returns across the global equity universe. The fund uses a global long/short strategy to invest in publicly listed equity securities. Alternative investments may not be suitable for all investors.

Key Features

  • Fundamental global approach blends top-down and bottom-up considerations.
  • Flexible asset allocation allows for all investment styles, market caps and geographic regions depending on the market environment.
  • Comprehensive approach assesses stock, industry, style, country and market factors.
  • Knowledge-based industry concentration includes technology, communications, media, financials and health care.

Portfolio Fit

The fund seeks to provide strong risk-adjusted returns via an alternative solution that complements and diversifies a global or US equity portfolio.

Morningstar Sustainability Rating

four stars

Morningstar Sustainability RatingTM Out of 840 Long/Short Equity funds as of 9/30/2021. Based on 100.00% of AUM. Data is based on long positions only.

Compare Fund

Create real time reports on performance, risk analysis, peer group analysis, style attribution and more on the Investment Professional site.

Compare

Performance

Calendar Year Total Returns

As of 9/30/21
Date Calamos Phineus Long/Short Fund (NAV) S&P 500 Index MSCI World Index
YTD 2021 11.85 15.92 13.43
2020 19.81 18.4 16.5
2019 3.97 31.49 28.4
2018 -5.94 -4.38 -8.2
2017 9.22 21.83 23.07
2016 12.89 11.96 8.15
2015 4.96 1.38 -0.32
2014 0.49 13.69 5.5
2013 20.17 32.39 27.37
2012 7.56 16 16.54

Growth of 10K

As of 9/30/21
Date Calamos Phineus Long/Short Fund S&P 500 Index MSCI World Index
4/30/2002 12:00:00 AM 10000 10000 10000
5/1/2002 12:00:00 AM 10000 10000 10000
5/31/2002 12:00:00 AM 9689.89 9926.3 10023.2
6/30/2002 12:00:00 AM 9800.9 9219.15 9417.1
7/31/2002 12:00:00 AM 9119.46 8500.52 8624.46
8/31/2002 12:00:00 AM 9041.24 8556.37 8642.4
9/30/2002 12:00:00 AM 8997.46 7626.46 7693.81
10/31/2002 12:00:00 AM 9032.24 8297.74 8263.07
11/30/2002 12:00:00 AM 9442.2 8786.15 8710.44
12/31/2002 12:00:00 AM 9305.74 8269.52 8289.98
1/31/2003 12:00:00 AM 9016.23 8052.86 8039.46
2/28/2003 12:00:00 AM 9036.66 7932.07 7901.83
3/31/2003 12:00:00 AM 9082.91 8009.09 7880.1
4/30/2003 12:00:00 AM 9538.42 8668.8 8583.87
5/31/2003 12:00:00 AM 10033.53 9125.55 9078.64
6/30/2003 12:00:00 AM 10198.89 9242 9239.15
7/31/2003 12:00:00 AM 10312.64 9404.93 9428.55
8/31/2003 12:00:00 AM 10901.49 9588.33 9634.57
9/30/2003 12:00:00 AM 11217.85 9486.5 9695.65
10/31/2003 12:00:00 AM 11595.31 10023.15 10272.93
11/30/2003 12:00:00 AM 11808.38 10111.36 10431.85
12/31/2003 12:00:00 AM 11960.86 10641.6 11088.85
1/31/2004 12:00:00 AM 12989.5 10836.87 11269.27
2/29/2004 12:00:00 AM 12919.06 10987.5 11461.97
3/31/2004 12:00:00 AM 12870.23 10821.7 11390.33
4/30/2004 12:00:00 AM 12443.5 10651.8 11163.32
5/31/2004 12:00:00 AM 12801.68 10797.94 11272.72
6/30/2004 12:00:00 AM 12779.84 11007.85 11509
7/31/2004 12:00:00 AM 12073.5 10643.49 11136.22
8/31/2004 12:00:00 AM 12009.32 10686.49 11189.68
9/30/2004 12:00:00 AM 12201.49 10802.23 11404.97
10/31/2004 12:00:00 AM 12472.39 10967.29 11686.78
11/30/2004 12:00:00 AM 12830.06 11411.02 12305.83
12/31/2004 12:00:00 AM 12810.44 11799.34 12779.36
1/31/2005 12:00:00 AM 12977.59 11511.79 12494
2/28/2005 12:00:00 AM 13072.16 11754 12895.43
3/31/2005 12:00:00 AM 12896.67 11545.83 12650.42
4/30/2005 12:00:00 AM 12733.32 11326.93 12383.62
5/31/2005 12:00:00 AM 13396.28 11687.24 12613.09
6/30/2005 12:00:00 AM 13605.25 11703.71 12727.74
7/31/2005 12:00:00 AM 13788.96 12138.86 13175.25
8/31/2005 12:00:00 AM 13909.49 12028.15 13280.65
9/30/2005 12:00:00 AM 13787.88 12125.58 13629.4
10/31/2005 12:00:00 AM 13978.27 11923.45 13301.48
11/30/2005 12:00:00 AM 14128.19 12374.39 13751.86
12/31/2005 12:00:00 AM 14978.98 12378.6 14060.04
1/31/2006 12:00:00 AM 15522.52 12706.26 14690.64
2/28/2006 12:00:00 AM 15735.67 12740.69 14674.92
3/31/2006 12:00:00 AM 16165.3 12899.95 15004.22
4/30/2006 12:00:00 AM 16297.34 13073.07 15467.7
5/31/2006 12:00:00 AM 16291.31 12696.83 14953.25
6/30/2006 12:00:00 AM 16036.29 12713.97 14955.04
7/31/2006 12:00:00 AM 15812.61 12792.79 15051.65
8/31/2006 12:00:00 AM 17124.57 13097.26 15450.07
9/30/2006 12:00:00 AM 17357.67 13435.17 15638.71
10/31/2006 12:00:00 AM 17277.6 13873.16 16215.94
11/30/2006 12:00:00 AM 17415.68 14136.75 16621.5
12/31/2006 12:00:00 AM 18215.46 14334.66 16963.9
1/31/2007 12:00:00 AM 18251.33 14551.12 17167.64
2/28/2007 12:00:00 AM 18901.22 14265.91 17085.41
3/31/2007 12:00:00 AM 19072.83 14425.69 17405.42
4/30/2007 12:00:00 AM 19296.02 15064.75 18183.26
5/31/2007 12:00:00 AM 19909.69 15590.51 18710.76
6/30/2007 12:00:00 AM 20888.51 15331.71 18573.05
7/31/2007 12:00:00 AM 21930.88 14856.43 18165.56
8/31/2007 12:00:00 AM 21696.47 15079.27 18159.74
9/30/2007 12:00:00 AM 22807.3 15643.24 19029.6
10/31/2007 12:00:00 AM 22327.51 15891.96 19617.42
11/30/2007 12:00:00 AM 22985.07 15227.68 18824.48
12/31/2007 12:00:00 AM 23328.68 15122.61 18587.11
1/31/2008 12:00:00 AM 22772.36 14215.25 17170.77
2/29/2008 12:00:00 AM 22542.47 13753.26 17079.76
3/31/2008 12:00:00 AM 22664.54 13694.12 16924.51
4/30/2008 12:00:00 AM 23397.03 14361.02 17827.6
5/31/2008 12:00:00 AM 23726.86 14547.71 18121.58
6/30/2008 12:00:00 AM 22047.02 13321.34 16682.72
7/31/2008 12:00:00 AM 22682.02 13209.44 16279.34
8/31/2008 12:00:00 AM 24030.49 13400.98 16058.1
9/30/2008 12:00:00 AM 22449.31 12206.95 14155.06
10/31/2008 12:00:00 AM 21613.39 10157.41 11474.94
11/30/2008 12:00:00 AM 18301.01 9429.12 10740.08
12/31/2008 12:00:00 AM 19161.01 9529.45 11090.21
1/31/2009 12:00:00 AM 16610.7 8726.21 10121.92
2/28/2009 12:00:00 AM 15380.92 7797.04 9092.73
3/31/2009 12:00:00 AM 18326.91 8480.06 9783.77
4/30/2009 12:00:00 AM 24065.41 9291.69 10891.2
5/31/2009 12:00:00 AM 26427.48 9811.37 11891.77
6/30/2009 12:00:00 AM 25990.26 9830.8 11843.13
7/31/2009 12:00:00 AM 29932.31 10574.4 12849.8
8/31/2009 12:00:00 AM 32592.54 10956.14 13385.64
9/30/2009 12:00:00 AM 33238.23 11365.02 13923.74
10/31/2009 12:00:00 AM 32507.39 11153.86 13678.96
11/30/2009 12:00:00 AM 33103.35 11822.87 14244.86
12/31/2009 12:00:00 AM 33233.45 12051.28 14505.26
1/31/2010 12:00:00 AM 32907.26 11617.8 13908.51
2/28/2010 12:00:00 AM 32967.51 11977.72 14110.18
3/31/2010 12:00:00 AM 35362.17 12700.57 14991.93
4/30/2010 12:00:00 AM 35530 12901.12 15002.42
5/31/2010 12:00:00 AM 34274.12 11870.96 13579.59
6/30/2010 12:00:00 AM 32769.76 11249.52 13119.11
7/31/2010 12:00:00 AM 33214.65 12037.66 14186.22
8/31/2010 12:00:00 AM 30452.58 11494.28 13662.32
9/30/2010 12:00:00 AM 32292.19 12520.14 14941.52
10/31/2010 12:00:00 AM 32878.2 12996.53 15501.83
11/30/2010 12:00:00 AM 32093.69 12998.22 15174.43
12/31/2010 12:00:00 AM 36047.19 13866.9 16295.22
1/31/2011 12:00:00 AM 37686.86 14195.54 16667.24
2/28/2011 12:00:00 AM 38387.16 14681.88 17258.26
3/31/2011 12:00:00 AM 37261.27 14687.75 17096.03
4/30/2011 12:00:00 AM 35569.83 15122.8 17833.21
5/31/2011 12:00:00 AM 35463.79 14951.61 17481.36
6/30/2011 12:00:00 AM 34347.43 14702.37 17211.62
7/31/2011 12:00:00 AM 32652.11 14403.32 16904.05
8/31/2011 12:00:00 AM 32236.55 13620.94 15720.09
9/30/2011 12:00:00 AM 30584.52 12663.38 14368.63
10/31/2011 12:00:00 AM 34061.8 14047.37 15858.95
11/30/2011 12:00:00 AM 32802.87 14016.32 15480.87
12/31/2011 12:00:00 AM 33626.45 14159.71 15478.09
1/31/2012 12:00:00 AM 36870.2 14794.35 16259.42
2/29/2012 12:00:00 AM 37033.31 15434.05 17062.63
3/31/2012 12:00:00 AM 37869.04 15941.97 17291.39
4/30/2012 12:00:00 AM 35949.84 15841.91 17107.08
5/31/2012 12:00:00 AM 31683.31 14889.79 15646.65
6/30/2012 12:00:00 AM 32200.73 15503.28 16451.67
7/31/2012 12:00:00 AM 31491.28 15718.6 16667.73
8/31/2012 12:00:00 AM 32968.38 16072.64 17098.76
9/30/2012 12:00:00 AM 34622.74 16487.98 17576.16
10/31/2012 12:00:00 AM 34315.67 16183.55 17462.44
11/30/2012 12:00:00 AM 34661.33 16277.43 17695.56
12/31/2012 12:00:00 AM 36168.61 16425.8 18037.8
1/31/2013 12:00:00 AM 37114.35 17276.57 18962.23
2/28/2013 12:00:00 AM 37576.42 17511.1 19003
3/31/2013 12:00:00 AM 38045.49 18167.82 19457.93
4/30/2013 12:00:00 AM 38128.09 18517.86 20084.48
5/31/2013 12:00:00 AM 40921.01 18951.03 20109.99
6/30/2013 12:00:00 AM 40613.48 18696.54 19622.52
7/31/2013 12:00:00 AM 40905.13 19647.89 20661.34
8/31/2013 12:00:00 AM 41986.38 19078.1 20230.34
9/30/2013 12:00:00 AM 42184.89 19676.39 21249.95
10/31/2013 12:00:00 AM 42153.21 20580.92 22086.77
11/30/2013 12:00:00 AM 42894.93 21208.02 22489.64
12/31/2013 12:00:00 AM 43463.55 21745 22973.84
1/31/2014 12:00:00 AM 44132.5 20993.28 22128.17
2/28/2014 12:00:00 AM 44548.8 21953.51 23247.63
3/31/2014 12:00:00 AM 44198.16 22138.14 23294.59
4/30/2014 12:00:00 AM 41856.45 22301.74 23546.18
5/31/2014 12:00:00 AM 41240.49 22825.16 24031.7
6/30/2014 12:00:00 AM 42418.56 23296.73 24471.96
7/31/2014 12:00:00 AM 42939.08 22975.47 24087.01
8/31/2014 12:00:00 AM 43504.59 23894.72 24627.77
9/30/2014 12:00:00 AM 43732.82 23559.71 23969.47
10/31/2014 12:00:00 AM 45149.28 24135.04 24130.3
11/30/2014 12:00:00 AM 46315.8 24784.03 24625.22
12/31/2014 12:00:00 AM 43674.83 24721.58 24238.35
1/31/2015 12:00:00 AM 43301.58 23979.44 23804.97
2/28/2015 12:00:00 AM 47027.68 25357.53 25211.61
3/31/2015 12:00:00 AM 45981.5 24956.63 24833.18
4/30/2015 12:00:00 AM 47347.2 25195.97 25428.43
5/31/2015 12:00:00 AM 47920.62 25519.99 25537.52
6/30/2015 12:00:00 AM 49593.29 25025.92 24953.99
7/31/2015 12:00:00 AM 50016.82 25550.21 25410.15
8/31/2015 12:00:00 AM 48830.07 24008.77 23739.18
9/30/2015 12:00:00 AM 47316.05 23414.79 22874.36
10/31/2015 12:00:00 AM 49089.92 25389.83 24693.56
11/30/2015 12:00:00 AM 47395.05 25465.24 24582.68
12/31/2015 12:00:00 AM 45840.87 25063.65 24160.6
1/31/2016 12:00:00 AM 43041.96 23819.99 22721.35
2/29/2016 12:00:00 AM 43654.96 23787.83 22566.16
3/31/2016 12:00:00 AM 45554.7 25401.6 24113.98
4/30/2016 12:00:00 AM 46283.6 25500.16 24510.89
5/31/2016 12:00:00 AM 46371.84 25958.14 24670.95
6/30/2016 12:00:00 AM 43106.84 26025.37 24406.23
7/31/2016 12:00:00 AM 45136.44 26984.93 25443.98
8/31/2016 12:00:00 AM 46504.21 27022.71 25478.08
9/30/2016 12:00:00 AM 46680.69 27027.84 25624.83
10/31/2016 12:00:00 AM 47651.37 26534.85 25135.65
11/30/2016 12:00:00 AM 51048.74 27517.44 25510.68
12/31/2016 12:00:00 AM 51749.19 28061.46 26130.33
1/31/2017 12:00:00 AM 51793.69 28593.79 26767.13
2/28/2017 12:00:00 AM 52594.62 29729.25 27523.03
3/31/2017 12:00:00 AM 53217.57 29764.03 27835.97
4/30/2017 12:00:00 AM 53662.53 30069.71 28261.86
5/31/2017 12:00:00 AM 52906.09 30492.79 28887.01
6/30/2017 12:00:00 AM 55041.92 30683.06 29009.2
7/31/2017 12:00:00 AM 54997.42 31313.9 29712.39
8/31/2017 12:00:00 AM 54196.49 31409.73 29769.14
9/30/2017 12:00:00 AM 55308.89 32057.71 30449.06
10/31/2017 12:00:00 AM 55130.91 32805.93 31032.16
11/30/2017 12:00:00 AM 55486.88 33812.09 31720.46
12/31/2017 12:00:00 AM 56518.41 34188.08 32159.47
1/31/2018 12:00:00 AM 57824.41 36145.35 33864.88
2/28/2018 12:00:00 AM 57329.03 34813.03 32476.08
3/31/2018 12:00:00 AM 57509.17 33928.43 31789.22
4/30/2018 12:00:00 AM 57599.24 34058.72 32174.18
5/31/2018 12:00:00 AM 56878.68 34878.85 32406.16
6/30/2018 12:00:00 AM 56473.37 35093.36 32402.59
7/31/2018 12:00:00 AM 57193.92 36399.18 33422.95
8/31/2018 12:00:00 AM 56788.61 37585.43 33852.1
9/30/2018 12:00:00 AM 55392.54 37799.29 34054.88
10/31/2018 12:00:00 AM 55077.3 35215.71 31562.4
11/30/2018 12:00:00 AM 55482.61 35933.41 31937.36
12/31/2018 12:00:00 AM 53162.04 32688.98 29520.98
1/31/2019 12:00:00 AM 55548.72 35308.67 31827.75
2/28/2019 12:00:00 AM 55501.92 36442.44 32800.72
3/31/2019 12:00:00 AM 54893.55 37150.51 33253.7
4/30/2019 12:00:00 AM 55782.71 38654.74 34451.83
5/31/2019 12:00:00 AM 55782.71 36198.23 32494.97
6/30/2019 12:00:00 AM 56110.29 38749.48 34650.04
7/31/2019 12:00:00 AM 56531.47 39306.31 34831.26
8/31/2019 12:00:00 AM 55457.37 38683.7 34135.33
9/30/2019 12:00:00 AM 55035.89 39407.47 34878.11
10/31/2019 12:00:00 AM 54986.36 40261.04 35775.53
11/30/2019 12:00:00 AM 55877.14 41722.51 36789.05
12/31/2019 12:00:00 AM 55273.67 42981.7 37905.23
1/31/2020 12:00:00 AM 55035.99 42964.93 37685.38
2/29/2020 12:00:00 AM 53720.63 39428.06 34516.04
3/31/2020 12:00:00 AM 48928.75 34558.3 29970.62
4/30/2020 12:00:00 AM 53019.19 38988.33 33261.09
5/31/2020 12:00:00 AM 54477.22 40845.34 34889.89
6/30/2020 12:00:00 AM 54902.14 41657.76 35827.38
7/31/2020 12:00:00 AM 52925.66 44006.42 37553.18
8/31/2020 12:00:00 AM 54995.05 47169.6 40077.13
9/30/2020 12:00:00 AM 53114.22 45377.16 38710.1
10/31/2020 12:00:00 AM 52970.81 44170.58 37532.54
11/30/2020 12:00:00 AM 63215.36 49005.49 42347.22
12/31/2020 12:00:00 AM 66224.41 50889.75 44157.56
1/31/2021 12:00:00 AM 62323.79 50375.77 43729.23
2/28/2021 12:00:00 AM 70687.64 51764.63 44864.44
3/31/2021 12:00:00 AM 74497.7 54031.92 46383.1
4/30/2021 12:00:00 AM 76658.13 56915.6 48562.65
5/31/2021 12:00:00 AM 77317.39 57312.87 49290.6
6/30/2021 12:00:00 AM 73652.55 58650.55 50041.79
7/31/2021 12:00:00 AM 72289.98 60043.5 50950.05
8/31/2021 12:00:00 AM 73092.4 61869.43 52233.99
9/30/2021 12:00:00 AM 74079.15 58991.88 50088.22

Annualized Total Returns

As of 9/30/21 As of 10/31/21
TimeFrame Calamos Phineus Long/Short Fund (NAV) S&P 500 Index MSCI World Index
1 Year 39.47 30 29.39
3 Year 10.17 15.99 13.72
5 Year 9.67 16.9 14.34
10 Year 9.25 16.63 13.3
Since Inception 10.86 9.57 8.65
TimeFrame Calamos Phineus Long/Short Fund (NAV) S&P 500 Index MSCI World Index
1 Year 38.69 42.91 41.05
3 Year 10.08 21.48 18.82
5 Year 9.04 18.93 16.06
10 Year 7.99 16.21 12.81
Since Inception 10.77 9.91 8.92

Important Fund Information

The principal risks of investing in the Calamos Phineus Long/Short Fund include: equity securities risk consisting of market prices declining in general, short sale risk consisting of potential for unlimited losses, foreign securities risk, currency risk, geographic concentration risk, other investment companies (including ETFs) risk, derivatives risk, options risk, and leverage risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Alternative investments may not be suitable for all investors. The fund takes long positions in companies that are expected to outperform the equity markets, while taking short positions in companies that are expected to underperform the equity markets and for hedging purposes. The fund may lose money should the securities the fund is long decline in value or if the securities the fund has shorted increase in value, but the ultimate goal is to realize returns in both rising and falling equity markets while providing a degree of insulation from increased market volatility.

The performance shown for periods prior to 4/6/16 is the performance of a predecessor investment vehicle (the "Predecessor Fund"). The Predecessor Fund was reorganized into the Fund on 4/6/16, the date upon which the Fund commenced operations. On 10/1/15 the parent company of Calamos Advisors, purchased Phineus Partners LP, the prior investment adviser to the Predecessor Fund ("Phineus"), and Calamos Advisors served as the Predecessor Fund's investment adviser between 10/1/15 until it was reorganized into the Fund. Phineus and Calamos Advisors managed the Predecessor Fund using investment policies, objectives, guidelines and restrictions that were in all material respects equivalent to those of the Fund. Phineus and Calamos Advisors managed the Predecessor Fund in this manner either directly or indirectly by investing all of the Predecessor Fund's assets in a master fund structure. The Predecessor Fund performance information has been adjusted to reflect Class A and I shares expenses. However, the Predecessor Fund was not a registered mutual fund and thus was not subject to the same investment and tax restrictions as the Fund. If it had been, the Predecessor Fund's performance may have been lower.

10k Performance results are before taxes on fund distributions and assume reinvestment of dividends and capital gains. Index data shown is from 4/30/16, 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.

Notes

Alpha is a measurement of performance on a risk-adjusted basis. A positive alpha shows that performance of a portfolio was higher than expected given the risk. A negative alpha shows that the performance was less than expected given the risk.

Downside Capture Ratio measures manager's performance in down markets as defined by the named index. A down-market is defined as those periods (months or quarters) in which named index return is less than 0. In essence, it tells you what percentage of the down-market was captured by the manager. For example, if the ratio is 110%, the manager has captured 110% of the down-market and therefore underperformed the market on the downside.

Sharpe ratio is a calculation that reflects the reward per each unit of risk in a portfolio. The higher the ratio, the better the portfolio's risk-adjusted return is.

Upside capture ratio measures a manager's performance in up markets relative to a named index. It is calculated by taking the security's upside capture return and dividing it by the benchmark's upside capture return.

The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets.

S&P 500 Index is generally considered representative of the US stock market.

Cash Basis or market value calculates the cash value of equities and options.

Delta Adjusted Basis which measures the price sensitivity of an option or portfolio to changes in the price of an underlying security.

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 3/1/2021 are as follows: A Shares 2.94%, C Shares 3.67% and I Shares 2.67%.

Portfolio

Fund Facts

As of 9/30/21
Name Fund S&P 500 Index
Number of Holdings 77 505
Net Assets $556.2 M N/A

Portfolio Composition

As of 9/30/21
Name Delta Adjusted Basis %
Total Long Exposure 107.5%
Total Short Exposure -56.6%
Total Gross Exposure 164.1%
Total Net Exposure 51.0%

Sector Weightings

As of 9/30/21
Sector Delta Adjusted Basis %
Industrials 32.3%
Financials 20.0%
Information Technology 9.1%
Communication Services 8.0%
Energy 6.3%
Consumer Discretionary 4.9%
Health Care 2.4%
Materials 2.4%
Consumer Staples 1.4%
Real Estate 0.0%
Utilities 0.0%
Other -35.8%

Regional Weightings

As of 9/30/21
Region Delta Adjusted Basis %
North America 29.5%
Europe 18.5%
Latin America 2.9%
Asia/Pacific 0.0%
Caribbean 0.0%
Middle East/Africa 0.0%

Largest Holdings

As of 9/30/21
Long Portfolio Sector Weight
Air Lease Corp. - Class A Industrials 5.3
Meta Platforms, Inc. Communication Services 4.6
Alphabet Inc- Class A Communication Services 4.0
Raytheon Technologies Corp. Industrials 3.7
Paycom Software, Inc. Information Technology 3.7
Total 21.3
As of 9/30/21
Short Portfolio Sector Weight
SPDR S&P 500 ETF Trust N/A -35.1
Technology Select Sector SPDR Fund Information Technology -5.5
Costco Wholesale Corp. Consumer Staples -2.0
Target Corp. Consumer Discretionary -1.3
ARK Innovation ETF N/A -1.1
Total -45.0

Market Capitalization

As of 9/30/21
Market CAP Range Delta Adjusted Basis %
<=$0.10bil 0.0%
>$0.10bil<=$5bil 8.3%
>$5bil<=$30bil 25.9%
>$30bil<=$200bil 43.7%
>$200bil -28.5%

Distributions

Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2016 0.0994
2017 0.1515
2018 0.4381
2019 0.0000

Schedule

Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

Estimated 2021 Capital Gains
Estimated capital gains distributions for Calamos mutual funds were announced November 1, 2021. To view the report, click here.

2020 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 22, 2020. To view the report, click here.

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares
Gross Expense Ratio 2.94% 3.67% 2.67%

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 5/01/02 5/01/02 5/01/02
Ticker Symbol CPLSX CPCLX CPLIX
CUSIP number 128120656 128120649 128120631

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 5084 5085 5086
Dividends ANNUAL ANNUAL ANNUAL
Capital Gains ANNUAL ANNUAL ANNUAL

The Adjusted Expense Ratio, which reflects the total expense ratio excluding the dividend and interest expense on short sales, is as follows: Class A: 1.74%, Class C: 2.48% and Class I: 1.49%. "Dividend and Interest Expense on Short Sales" reflect interest expense and dividends paid on borrowed securities. Interest expenses result from the Fund's use of prime brokerage arrangements to execute short sales. Dividends paid on borrowed securities are an expense of short sales. Such expenses are required to be treated as a Fund expense for accounting purposes and are not payable to Calamos Advisors LLC. Any interest expense amount or dividends paid on securities sold short will vary based on the Fund's use of those investments as an investment strategy best suited to seek the objective of the Fund.

Literature

Latest Related Blog Posts

Videos

About the Fund

PDF Thumb

Calamos Phineus Long/Short Fund Quarterly Commentary

A quarterly update of the Calamos Phineus Long/Short Fund’s performance, positioning, related market commentary and outlook.

PDF Thumb

Calamos Phineus Long/Short Fund Fact Sheet

The Phineus Long/Short Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.

PDF Thumb

Pursuing Equity-like Returns With a Superior Risk Profile, Since 2002

Illustration of how Calamos Phineus Long/Short Fund (CPLIX) pursued equity-like returns with a superior risk profile over full market cycles, helping investors remain invested.

Prospectus and Reports

PDF Thumb

Calamos Phineus Long/Short Fund Prospectus

This summary contains important information about the Phineus Long/Short Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.

PDF Thumb

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.

PDF Thumb

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.

PDF Thumb

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.

PDF Thumb

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.