To deliver absolute returns largely uncorrelated to equity and fixed income markets.
|Strategy Assets*:||$451.3 M|
|Benchmark:||ICE BofA US 3 Month Treasury Bill Index (G0O1)|
*Strategy Assets reflect all assets that are currently being managed (collectively) under the strategy, which may contain multiple performance composites.
|VMware, Inc. - Class A||Information Technology||11.3|
|PNM Resources, Inc.||Utilities||9.1|
|Black Knight, Inc.||Information Technology||7.6|
|Horizon Therapeutics, PLC||Health Care||7.5|
|Activision Blizzard, Inc.||Communication Services||7.5|
|iRobot Corp.||Consumer Discretionary||7.2|
|ForgeRock, Inc.||Information Technology||6.8|
|Oak Street Health, Inc.||Health Care||6.7|
|Albertsons Companies, Inc.||Consumer Staples||5.0|
|Number of Holdings||40|
|Sector||% of Assets|
|Market CAP Range||% of Assets|
|Name||1-Year||3-Year||Since Inception (12/19)|
|Merger Arbitrage (Gross)||4.41%||5.08%||3.78%|
|Merger Arbitrage (Net)||3.58%||4.24%||2.96%|
|ICE BofA US 3 Month Treasury Bill Index (G0O1)||2.50%||0.89%||1.01%|
|Name||Qtr ending Mar 23||YTD 2023||2022||2021||2020||12/1/19 - 12/31/19|
|Merger Arbitrage (Gross)||0.78%||0.78%||5.18%||2.04%||3.71%||0.92%|
|Merger Arbitrage (Net)||0.58%||0.58%||4.35%||1.22%||2.88%||0.85%|
|ICE BofA US 3 Month Treasury Bill Index (G0O1)||1.07%||1.07%||1.46%||0.05%||0.67%||0.14%|
Past performance does not guarantee or indicate future results. Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown.
Returns and Risk/Reward statistics presented reflect the Calamos Merger Arbitrage Composite, which is an actively managed composite that seeks capital appreciation by generating absolute, uncorrelated returns to equity and fixed income markets. The Composite was created December 1, 2019 calculated with an inception date of December 1, 2019. The Composite results include all fully discretionary accounts, including those no longer with the firm.
Unmanaged index returns, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
The ICE BofA 3-Month US Treasury Bill Index (G0O1) is an unmanaged index that measures the performance of a single US Treasury issue with approximately three months to final maturity. The issue is purchased at the beginning of each month and held for one full month. At the end of the month, that issue is sold and rolled into a newly selected issue.
Fees include the investment advisory fee charge by Calamos Advisors LLC. Returns greater than 12 months are annualized. Chart Data Sources: Calamos Advisors LLC.
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.
|Name||Calamos Merger Arbitrage Composite||ICE BofA US 3 Month Treasury Bill Index (G0O1)|
|Annualized Standard Deviation||5.46%||0.43%|
|Separately Managed Accounts||$25 million||Available to new investors|
The Merger Arbitrage Strategy fact sheet provides a snap shot of the investment team, the investment strategy, performance, composition, ratings and returns.