Fund Stats
-
NAV
$9.87
$0.00 (0.00%)
-
Daily YTD Return
0.08%
-
Total Net Assets
$184.7 Million
-
Inception Date
9/19/18
Overview
Through its multi-sector fixed-income strategy, the fund invests predominantly in US issuers with the goal of generating a high level of current income consistent with preservation of principal.
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. Expanding the universe to include high-yield bonds, bank loans and preferreds provides additional opportunities.
- Utilizes robust, independent credit research. Our fixed-income investment process unites quantitative and qualitative analyses into historical and forward-looking models. The result is a credit rating reflective of where a company is heading.
- Takes environmental, social and governance (ESG) factors into account, evaluating whether they impact a company's cash flow, risk profile and long-term returns.
- Applies a macro overlay to capitalize on misunderstood industries and sectors. The overlay acts as a risk control that also considers the business cycle, geopolitical factors, inflation and real rate expectations.
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 2725 US Fixed Income funds as of 9/30/2021. Based on 74.81% 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.
ComparePerformance
Calendar Year Total Returns
| Date | Calamos Short-Term Bond Fund (NAV) | Bloomberg US Govt/Credit 1-3 Years Index |
|---|---|---|
| YTD 2021 | 0.51 | 0.09 |
| 2020 | 4.05 | 3.33 |
| 2019 | 4.82 | 4.03 |
| 2018* | 0.77 | 0 |
*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 | 1.59 | 0.3 |
| 3 Year | 3.36 | 2.87 |
| Since Inception | 3.34 | 2.87 |
| TimeFrame | Calamos Short-Term Bond Fund (NAV) | Bloomberg US Govt/Credit 1-3 Years Index |
|---|---|---|
| 1 Year | 1.11 | -0.05 |
| 3 Year | 3.22 | 2.72 |
| Since Inception | 3.15 | 2.68 |
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 3/1/2021 are as follows: A Shares 0.68% and I Shares 0.42%.
Portfolio
Fund Facts
| Name | Fund | Bloomberg US Govt/Credit 1-3 Years Index |
|---|---|---|
| Number of Holdings | 410 | 1,577 |
| Average Effective Duration | 1.9 years | 1.9 years |
| Average Effective Maturity | 2.53 years | 1.92 years |
| Option Adjusted Spread | 61 bps | 7 bps |
| Portfolio Turnover (12 months) | 48.2% | N/A |
| Net Assets | $184.7 M | N/A |
Top Country Exposures
| Country | % |
|---|---|
| United States | 79.3% |
| Canada | 3.8% |
| United Kingdom | 3.0% |
| Germany | 2.0% |
| Sweden | 1.5% |
| Japan | 1.4% |
| Ireland | 1.2% |
| Switzerland | 0.8% |
| Finland | 0.8% |
| Luxembourg | 0.8% |
Credit Quality of Bonds
| Class | % |
|---|---|
| AAA | 28.4% |
| AA | 8.3% |
| A | 24.4% |
| BBB | 24.8% |
| BB | 12.4% |
| B | 1.1% |
| CCC and below | 0.0% |
| Unrated Securities | 0.5% |
Maturity Schedule
| Range | % |
|---|---|
| < 1 Year | 24.3% |
| 1 to 3 Years | 40.5% |
| 3 to 5 Years | 28.3% |
| 5 to 7 Years | 6.5% |
| 7 to 10 Years | 0.0% |
| 10 to 20 Years | 0.0% |
| > 20 Years | 0.0% |
| Equities and Other | 0.4% |
Month-End Yield
| Name | % |
|---|---|
| 30-day SEC yield | 0.78% |
| Unsubsidized 30-day SEC yield | 0.80% |
| Distribution Yield | 2.82% |
Distributions
Schedule
| Name | Frequency |
|---|---|
| Distributions | MONTHLY |
| 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.
Distributions
| Frequency | Income | Reinvest |
|---|---|---|
| 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 | 0.68% | 0.42% |
| Net Expense Ratio | 0.65% | 0.40% |
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 |
The Fund's investment advisor has contractually agreed to reimburse Fund expenses through March 1, 2023 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses, if any) of Class A and Class I are limited to 0.65% and 0.40% of average net assets, respectively. Calamos Advisors may recapture previously waived expense amounts within the same fiscal year for any day where the respective Fund'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.
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.
Prospectus and Reports
Calamos Short-Term Bond Fund Prospectus
This summary contains important information about the Class A and I Short-Term Bond Fund 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 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.