CSTIX

Calamos Short-Term Bond Mutual Fund

Fund Stats

  • NAV

    $9.43

    $0.01 (0.11%)

    As of 2/20/24

  • Daily YTD Return

    0.12%

    As of 2/20/24

  • Total Net Assets

    $364.7 Million

    As of 12/31/23

  • 30-day SEC Yield

    4.63%

    As of 2/20/24

  • MorningStar Rating

    4 stars

    Overall rating as of 1/31/24

  • 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

five stars

Morningstar Sustainability RatingTM Out of 3784 US Fixed Income funds as of 12/31/2023. Based on 87.41% of AUM. Data is based on long positions only.

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Performance

Calendar Year Total Returns

As of 12/31/23
Date Calamos Short-Term Bond Fund (NAV) Bloomberg US Govt/Credit 1-3 Years Index
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 0

*Reflects the fund's return from the inception date of 9/19/2018 through 12/31/2018.

Annualized Total Returns

As of 12/31/23 As of 1/31/24
TimeFrame Calamos Short-Term Bond Fund (NAV) Bloomberg US Govt/Credit 1-3 Years Index
1 Year 5.68 4.61
3 Year 0.77 0.09
5 Year 2.22 1.51
Since Inception (09/19/18) 2.25 1.67
TimeFrame Calamos Short-Term Bond Fund (NAV) Bloomberg US Govt/Credit 1-3 Years Index
1 Year 4.87 4.18
3 Year 0.88 0.21
5 Year 2.18 1.51
Since Inception (09/19/18) 2.29 1.71

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.

Index and Morningstar category data shown reflects full month periods only. If share class inception date is on or before the 15th of the month, the index or category 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 or category calculation inception date begins on the first day of the following month.

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 3/1/2023 are as follows: A Shares 0.63% and I Shares 0.38%.

Portfolio

Fund Facts

As of 12/31/23
Name Fund Bloomberg US Govt/Credit 1-3 Years Index
Net Assets $364.7 M N/A
Number of Holdings 500 1,996
Average Effective Duration 1.7 years 1.8 years
Average Effective Maturity 2.39 years 1.90 years
Option Adjusted Spread 87 bps 18 bps
Portfolio Turnover (12 months) 39.6% N/A

Top Country Exposures

As of 12/31/23
Country %
United States 82.3%
Canada 4.2%
United Kingdom 1.8%
Japan 1.2%
Sweden 1.2%
Germany 1.0%
Ireland 1.0%
Finland 0.8%
Netherlands 0.7%
Switzerland 0.6%

Credit Quality of Bonds

As of 12/31/23
Class %
AAA 33.3%
AA 6.0%
A 18.5%
BBB 29.6%
BB 11.5%
B 0.5%
CCC and below 0.1%
Unrated Securities 0.3%

Maturity Schedule

As of 12/31/23
Range %
< 1 Year 18.8%
1 to 3 Years 50.6%
3 to 5 Years 25.7%
5 to 7 Years 4.5%
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 2/20/24)
4.63%
Unsubsidized 30-day SEC yield
(As of 2/20/24)
4.63%
Distribution Yield
(As of 1/31/24)
3.98%

Distributions

Schedule

Name Frequency
Distributions MONTHLY
Capital Gains ANNUAL

2023 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2023. To view the report, click here.

Distributions

Schedule: MONTHLY
Most Recent Distributions
Frequency Income Reinvest
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 0.63% 0.38%

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

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.

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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