Through its multi-sector fixed income strategy, the fund invests predominantly in U.S. issuers with the goal of generating a high level of current income consistent with preservation of principal.
The Fund may be suitable for investors seeking current income accompanied by lower volatility over a one-year to two-year time horizon.
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
The principal risks of investing in the Calamos Short-Term Bond Fund include: interest rate risk consisting of loss of value for income securities as interest rates rise, credit risk consisting of the risk of the borrower to miss payments, high yield risk, liquidity risk, mortgage-related and other asset-back securities risk, including extension risk and prepayment risk, U.S. Government security risk, foreign securities risk, non-U.S. Government obligation risk and portfolio selection 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.
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 funds' gross expense ratios as of the prospectus dated 2/28/2020 are as follows: A Shares 0.74% and I Shares 0.47%.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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 1-800-582-6959. Read it carefully before investing.
Inception Date: | 9/19/18 |
---|---|
Current NAV: | $10.18 |
$ Change: | $0.01 |
% Change: | 0.10% |
Total Net Assets (As of 12/31/20): | $179.1 M |
Morningstar Category: | Short-Term Bond |
Date | Calamos Short-Term Bond Fund (NAV) | BBgBarc US Govt/Credit 1-3 Years Index |
---|---|---|
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.
TimeFrame | Calamos Short-Term Bond Fund (NAV) | BBgBarc US Govt/Credit 1-3 Years Index |
---|---|---|
6 Month | 2.05 | 0.44 |
1 Year | 4.05 | 3.33 |
Since Inception | 4.22 | 3.8 |
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
The principal risks of investing in the Calamos Short-Term Bond Fund include: interest rate risk consisting of loss of value for income securities as interest rates rise, credit risk consisting of the risk of the borrower to miss payments, high yield risk, liquidity risk, mortgage-related and other asset-back securities risk, including extension risk and prepayment risk, U.S. Government security risk, foreign securities risk, non-U.S. Government obligation risk and portfolio selection 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.
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 Barclays U.S. Government/Credit 1-3 Years Index includes all medium and larger issues of U.S. 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 assume reinvestment of any and all distributions and, 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 2/28/2020 are as follows: A Shares 0.74% and I Shares 0.47%.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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 1-800-582-6959. Read it carefully before investing.
Name | Fund | BBgBarc US Govt/Credit 1-3 Years Index |
---|---|---|
Number of Holdings | 386 | 1,599 |
Average Effective Duration | 1.7 years | 1.8 years |
Average Effective Maturity | 2.13 years | 1.92 years |
Option Adjusted Spread | 87 bps | 9 bps |
Portfolio Turnover (12 months) | 44.5% | N/A |
Net Assets | $179.1 M | N/A |
Country | % |
---|---|
United States | 79.8% |
Canada | 3.2% |
United Kingdom | 2.8% |
Germany | 2.7% |
Ireland | 1.7% |
Sweden | 1.6% |
Japan | 1.2% |
Finland | 0.8% |
Cayman Islands | 0.8% |
Austria | 0.6% |
Class | % |
---|---|
AAA | 28.6% |
AA | 8.3% |
A | 23.9% |
BBB | 23.0% |
BB | 12.7% |
B | 2.1% |
CCC and below | 0.1% |
Unrated Securities | 1.3% |
Range | % |
---|---|
< 1 Year | 19.3% |
1 to 3 Years | 57.9% |
3 to 5 Years | 20.6% |
5 to 7 Years | 1.7% |
7 to 10 Years | 0.0% |
10 to 20 Years | 0.0% |
> 20 Years | 0.0% |
Equities and Other | 0.5% |
Name | % |
---|---|
30-day SEC yield | 0.85% |
Unsubsidized 30-day SEC yield | 0.83% |
Distribution Yield | 3.39% |
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
The principal risks of investing in the Calamos Short-Term Bond Fund include: interest rate risk consisting of loss of value for income securities as interest rates rise, credit risk consisting of the risk of the borrower to miss payments, high yield risk, liquidity risk, mortgage-related and other asset-back securities risk, including extension risk and prepayment risk, U.S. Government security risk, foreign securities risk, non-U.S. Government obligation risk and portfolio selection 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.
Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.
Bond Credit Quality allocation reflects the higher of the ratings of Standards & Poor's Corporation or Moody's Investors Service, Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent, Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the Standards & Poor's scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). The security's credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund's Statement of Additional Information at calamos.com. Additional information on ratings methodologies are available by visiting the NRSRO websites: www.standardandpoors.com and www.moodys.com.
Top Country exposure is measured by country of risk.
Duration- provides a measure of the Fund's interest rate sensitivity-the longer a fund's duration, the more sensitive it is to shifts in interest rates
Option adjusted spread is the yield spread which has to be added to a benchmark yield curve to discount a security's payments to match its market price; uses a dynamic pricing model that accounts for embedded options and is usually measured in basis points.
Turnover-Is the percentage of assets in a portfolio that changed over a certain period, often a year; higher turnover indicates greater buying and selling activity.
Yield-to-worst is the lowest potential yield that can be received on a bond without the issuer defaulting.
The Bloomberg Barclays U.S. Government/Credit 1-3 Years Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment grade international dollar-denominated bonds that have maturities of between 1 and 3 years and are publicly issued.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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 1-800-582-6959. Read it carefully before investing.
Name | Frequency |
---|---|
Distributions | MONTHLY |
Capital Gains | ANNUAL |
2020 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 22, 2020. To view the report, click here.
Frequency | Income | Total | Reinvest |
---|---|---|---|
December 2020 | $0.0301 | $0.0301 | 10.18000 |
November 2020 | $0.0178 | $0.0178 | 10.27000 |
October 2020 | $0.0183 | $0.0183 | 10.23000 |
September 2020 | $0.0188 | $0.0188 | 10.23000 |
August 2020 | $0.0193 | $0.0193 | 10.25000 |
July 2020 | $0.0201 | $0.0201 | 10.24000 |
June 2020 | $0.0207 | $0.0207 | 10.19000 |
May 2020 | $0.0212 | $0.0212 | 10.10000 |
April 2020 | $0.0215 | $0.0215 | 10.04000 |
March 2020 | $0.0215 | $0.0215 | 9.94000 |
February 2020 | $0.0212 | $0.0212 | 10.20000 |
January 2020 | $0.0214 | $0.0214 | 10.16000 |
December 2019 | $0.0465 | $0.0465 | 10.12000 |
November 2019 | $0.0220 | $0.0220 | 10.19000 |
October 2019 | $0.0255 | $0.0255 | 10.20000 |
September 2019 | $0.0200 | $0.0200 | 10.18000 |
August 2019 | $0.0233 | $0.0233 | 10.20000 |
July 2019 | $0.0232 | $0.0232 | 10.15000 |
June 2019 | $0.0231 | $0.0231 | 10.16000 |
May 2019 | $0.0231 | $0.0231 | 10.12000 |
April 2019 | $0.0234 | $0.0234 | 10.08000 |
March 2019 | $0.0235 | $0.0235 | 10.08000 |
February 2019 | $0.0231 | $0.0231 | 10.03000 |
November 2018 | $0.0207 | $0.0207 | 9.97000 |
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
The principal risks of investing in the Calamos Short-Term Bond Fund include: interest rate risk consisting of loss of value for income securities as interest rates rise, credit risk consisting of the risk of the borrower to miss payments, high yield risk, liquidity risk, mortgage-related and other asset-back securities risk, including extension risk and prepayment risk, U.S. Government security risk, foreign securities risk, non-U.S. Government obligation risk and portfolio selection 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.
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 funds' gross expense ratios as of the prospectus dated 2/28/2020 are as follows: A Shares 0.74% and I Shares 0.47%.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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 1-800-582-6959. Read it carefully before investing.
Name | A Shares | I Shares |
---|---|---|
Gross Expense Ratio | 0.74% | 0.47% |
Net Expense Ratio | 0.65% | 0.40% |
Name | A Shares | I Shares |
---|---|---|
Minimum initial investment | $2500 | $1 million |
Minimum subsequent investments | $50 | $0 |
IRA initial investments | $500 | N/A |
Name | A Shares | I Shares |
---|---|---|
Inception Date | 9/19/18 | 9/19/18 |
Ticker Symbol | CSTBX | CSTIX |
CUSIP number | 128120441 | 128120433 |
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 |
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
The principal risks of investing in the Calamos Short-Term Bond Fund include: interest rate risk consisting of loss of value for income securities as interest rates rise, credit risk consisting of the risk of the borrower to miss payments, high yield risk, liquidity risk, mortgage-related and other asset-back securities risk, including extension risk and prepayment risk, U.S. Government security risk, foreign securities risk, non-U.S. Government obligation risk and portfolio selection 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.
CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.
The Fund's investment advisor has contractually agreed to reimburse Fund expenses through March 1, 2022 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.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
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 1-800-582-6959. Read it carefully before investing.
A recession isn’t imminent, but some measures in credit markets point to building pressure in the economy. Associate Portfolio Manager Christian Brobst discusses credit conditions and the mixed signals our fixed income team sees today.
A quarterly update of the Calamos Short-Term Bond Fund’s performance, positioning, related market commentary and outlook.
The Calamos Short-Term Bond Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
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.
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 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.