Fund Stats
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NAV
$9.49
$0.01 (0.11%)
-
Daily YTD Return
0.11%
-
Total Net Assets
$369.1 Million
-
30-day SEC Yield
4.56%
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MorningStar Rating
4 stars
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Inception Date
9/19/18
Calamos Short-Term Bond Mutual Fund Overview
Through its multi-sector fixed income strategy, the fund invests predominantly in US issuers with the goal of generating high current income and total return in excess of the benchmark over market cycles.
Key Features
- Employs bond-by-bond portfolio construction with a focus on being well compensated for risks taken. We believe a disciplined process, grounded in fundamental research, enables us to achieve higher total returns with less volatility.
- Draws on a broader investable universe to enhance portfolio construction and risk management. Including high yield bonds, bank loans and preferreds provide additional opportunities.
- Incorporates analysis of environmental, social and governance (ESG) factors and their impact on a company's cash flow, risk profile and long-term returns.
Portfolio Fit
The fund may be suitable for investors seeking current income accompanied by lower volatility over a one-year to two-year time horizon.
Morningstar Sustainability Rating
Morningstar Sustainability RatingTM Out of 3835 US Fixed Income funds as of 10/31/2024. Based on 79.24% of AUM. Data is based on long positions only.
Performance
Calendar Year Total Returns
| Date | Calamos Short-Term Bond Fund (NAV) | Bloomberg US Govt/Credit 1-3 Years Index |
|---|---|---|
| 2024 | 4.91 | 4.36 |
| 2023 | 5.68 | 4.61 |
| 2022 | -3.17 | -3.69 |
| 2021 | 0.01 | -0.47 |
| 2020 | 4.05 | 3.33 |
| 2019 | 4.82 | 4.03 |
| 2018* | 0.77 | 1.27 |
*Reflects the fund's return from the inception date of 9/19/2018 through 12/31/2018.
Annualized Total Returns
| TimeFrame | Calamos Short-Term Bond Fund (NAV) | Bloomberg US Govt/Credit 1-3 Years Index |
|---|---|---|
| 1 Year | 4.91 | 4.36 |
| 3 Year | 2.39 | 1.69 |
| 5 Year | 2.24 | 1.58 |
| Since Inception (09/19/18) | 2.67 | 2.09 |
| TimeFrame | Calamos Short-Term Bond Fund (NAV) | Bloomberg US Govt/Credit 1-3 Years Index |
|---|---|---|
| 1 Year | 4.91 | 4.36 |
| 3 Year | 2.39 | 1.69 |
| 5 Year | 2.24 | 1.58 |
| Since Inception (09/19/18) | 2.67 | 2.09 |
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 US Government/Credit 1-3 Years Index includes all medium and larger issues of US government, investment-grade corporate, and investment grade international dollar-denominated bonds that have maturities of between 1 and 3 years and are publicly issued.
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 0.64% and I Shares 0.39%.
Portfolio
Fund Facts
| Name | Fund | Bloomberg US Govt/Credit 1-3 Years Index |
|---|---|---|
| Net Assets | $369.1 M | N/A |
| Number of Holdings | 476 | 1,964 |
| Average Effective Duration | 1.8 years | 1.8 years |
| Average Effective Maturity | 2.48 years | 1.92 years |
| Option Adjusted Spread | 71 bps | 14 bps |
| Portfolio Turnover (12 months) | 38.4% | N/A |
Top Country Exposures
| Country | % |
|---|---|
| United States | 84.4% |
| Canada | 4.3% |
| United Kingdom | 1.7% |
| Germany | 1.6% |
| Sweden | 0.9% |
| Finland | 0.8% |
| Japan | 0.8% |
| Austria | 0.5% |
| Philippines | 0.5% |
| Switzerland | 0.4% |
Credit Quality of Bonds
| Class | % |
|---|---|
| AAA | 31.5% |
| AA | 5.3% |
| A | 18.3% |
| BBB | 29.3% |
| BB | 13.0% |
| B | 0.5% |
| CCC and below | 0.1% |
| Unrated Securities | 1.9% |
Maturity Schedule
| Range | % |
|---|---|
| < 1 Year | 23.9% |
| 1 to 3 Years | 40.7% |
| 3 to 5 Years | 28.5% |
| 5 to 7 Years | 6.7% |
| 7 to 10 Years | 0.0% |
| 10 to 20 Years | 0.0% |
| > 20 Years | 0.0% |
| Equities and Other | 0.2% |
Yield
| Name | % |
|---|---|
| 30-day SEC yield (As of 1/16/25) |
4.56% |
| Unsubsidized 30-day SEC yield (As of 1/16/25) |
4.56% |
| Distribution Yield (As of 12/31/24) |
4.48% |
Distributions
Schedule
| Name | Frequency |
|---|---|
| Distributions | MONTHLY |
| Capital Gains | ANNUAL |
2024 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 23, 2024. To view the report, click here.
Distributions
| Frequency | Income | Reinvest |
|---|---|---|
| December 2024 | $0.0433 | 9.50000 |
| November 2024 | $0.0364 | 9.54000 |
| October 2024 | $0.0374 | 9.52000 |
| September 2024 | $0.0370 | 9.61000 |
| August 2024 | $0.0368 | 9.57000 |
| July 2024 | $0.0373 | 9.52000 |
| June 2024 | $0.0362 | 9.44000 |
| May 2024 | $0.0355 | 9.42000 |
| April 2024 | $0.0327 | 9.38000 |
| March 2024 | $0.0321 | 9.44000 |
| February 2024 | $0.0305 | 9.42000 |
| January 2024 | $0.0302 | 9.48000 |
| December 2023 | $0.0856 | 9.47000 |
| November 2023 | $0.0283 | 9.41000 |
| October 2023 | $0.0279 | 9.29000 |
| September 2023 | $0.0274 | 9.32000 |
| August 2023 | $0.0278 | 9.37000 |
| July 2023 | $0.0268 | 9.36000 |
| June 2023 | $0.0264 | 9.34000 |
| May 2023 | $0.0260 | 9.37000 |
| April 2023 | $0.0249 | 9.42000 |
| March 2023 | $0.0234 | 9.40000 |
| February 2023 | $0.0228 | 9.32000 |
| January 2023 | $0.0221 | 9.41000 |
| December 2022 | $0.0758 | 9.32000 |
| November 2022 | $0.0203 | 9.36000 |
| October 2022 | $0.0177 | 9.28000 |
| September 2022 | $0.0163 | 9.30000 |
| August 2022 | $0.0153 | 9.43000 |
| July 2022 | $0.0136 | 9.51000 |
| June 2022 | $0.0129 | 9.42000 |
| May 2022 | $0.0121 | 9.54000 |
| April 2022 | $0.0115 | 9.51000 |
| March 2022 | $0.0108 | 9.59000 |
| February 2022 | $0.0108 | 9.72000 |
| January 2022 | $0.0100 | 9.78000 |
| December 2021 | $0.0201 | 9.86000 |
| November 2021 | $0.0097 | 9.88000 |
| October 2021 | $0.0107 | 9.91000 |
| September 2021 | $0.0125 | 9.95000 |
| August 2021 | $0.0129 | 9.97000 |
| July 2021 | $0.0132 | 9.98000 |
| June 2021 | $0.0137 | 9.97000 |
| May 2021 | $0.0144 | 9.99000 |
| April 2021 | $0.0146 | 9.98000 |
| March 2021 | $0.0145 | 9.97000 |
| March 2021 | $0.0146 | 9.97000 |
| February 2021 | $0.0155 | 10.00000 |
| January 2021 | $0.0166 | 10.02000 |
| December 2020 | $0.0301 | 10.18000 |
| November 2020 | $0.0178 | 10.27000 |
| October 2020 | $0.0183 | 10.23000 |
| September 2020 | $0.0188 | 10.23000 |
| August 2020 | $0.0193 | 10.25000 |
| July 2020 | $0.0201 | 10.24000 |
| June 2020 | $0.0207 | 10.19000 |
| May 2020 | $0.0212 | 10.10000 |
| April 2020 | $0.0215 | 10.04000 |
| March 2020 | $0.0215 | 9.94000 |
| February 2020 | $0.0212 | 10.20000 |
| January 2020 | $0.0214 | 10.16000 |
| December 2019 | $0.0465 | 10.12000 |
| November 2019 | $0.0220 | 10.19000 |
| October 2019 | $0.0255 | 10.20000 |
| September 2019 | $0.0200 | 10.18000 |
| August 2019 | $0.0233 | 10.20000 |
| July 2019 | $0.0232 | 10.15000 |
| June 2019 | $0.0231 | 10.16000 |
| May 2019 | $0.0231 | 10.12000 |
| April 2019 | $0.0234 | 10.08000 |
| March 2019 | $0.0235 | 10.08000 |
| February 2019 | $0.0231 | 10.03000 |
| November 2018 | $0.0207 | 9.97000 |
Fees & Expenses
Annual Expenses
| Name | A Shares | I Shares |
|---|---|---|
| Gross Expense Ratio | 0.64% | 0.39% |
Investment Information
| Name | A Shares | I Shares |
|---|---|---|
| Minimum initial investment | $2500 | $1 million |
| Minimum subsequent investments | $50 | $0 |
| IRA initial investments | $500 | N/A |
Fund Information
| Name | A Shares | I Shares |
|---|---|---|
| Inception Date | 9/19/18 | 9/19/18 |
| Ticker Symbol | CSTBX | CSTIX |
| CUSIP number | 128120441 | 128120433 |
Sales & Distribution
| Name | A Shares | I Shares |
|---|---|---|
| Sales Load | Front-End | N/A |
| Maximum Sales Charge | 2.25 | N/A |
| US Bank Fund Number | 5617 | 5618 |
| Dividends | MONTHLY | MONTHLY |
| Capital Gains | ANNUAL | ANNUAL |
Literature
Latest Related Blog Posts
Videos
About the Fund
Calamos Short-Term Bond Fund Quarterly Commentary
A quarterly update of the Calamos Short-Term Bond Fund’s performance, positioning, related market commentary and outlook.
Calamos Short-Term Bond Fund Fact Sheet
The Calamos Short-Term Bond Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
Yield Calculations Primer
Knowing the yield of your investments is vitally important, but understanding how that yield is calculated can be confusing. This primer steps through the different yield calculations, how they’re often applied, and their pros/cons.
Investor Education: Measuring Yield, August 2022
When comparing bond mutual funds, investors may find themselves confronted by an array of yield metrics. In this piece, we explain the differences among some of the most common metrics for bond yields.
Prospectus and Reports
Summary Prospectus
This summary contains important information about the investment objective, fees and expenses, principal investment strategies, principal risks and performance.
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.
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.
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.
Semi Annual Report
The semi annual report provides a comprehensive review of the fund’s activities and financial performance over a six month period.