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Calamos Market Neutral Income Fund Class A (CVSIX)

13.16
Net Asset Value
+0.23%
1 Day
+1.54%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
4.75
Sales Expenses
1.22%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks high current income consistent with stability of principal. The fund invests (i) equities (ii) convertible securities of U.S. companies without regard to market capitalization and (iii) employs short selling to enhance income and hedge against market risk. The average term to maturity of the convertible securities purchased by the fund will typically range from two to ten years. It may seek to generate income from option premiums by writing (selling) options. The fund may invest without limit in high yield fixed-income securities (often referred to as "junk bonds").

Performance

1 month-0.08% 3 years+3.51%
3 months0.00% 5 years+4.66%
1 year+1.96% Since inception+6.60%
Data through --

Peer Comparisonvs. Market neutral

 CVSIXCategory
Performance 5-yr return+4.66%+1.42%
Expense ratio1.22%1.76%
Risk 5 year sharpe ratio1.250.23
Net assets$3.9B$520.7M
Average market cap$82.0B$35.2B
Average P/E18.620.2
Portfolio turnover71%71%

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Fund Management and Purchase Info

Fund familyCalamos
Fund manager & tenureJohn Calamos / 24 Years
Minimal initial investment$2,500.00
Minimum IRA investment$500.00

Holdings

Other48.74%
U.S. stock35.73%
Fixed income11.30%
Cash6.68%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Financial service 13.63%
Industrial materials 12.80%
Healthcare 12.50%
Energy 12.11%
Telecommunication 10.43%
Top 10 Holdings
Portfolio weighting
AAPL Apple3.06%
-- 1.86%
EA Electronic Arts Inc1.82%
MSFT Microsoft1.54%
-- 1.45%
XOM Exxon Mobil1.31%
-- 1.23%
SWNC Southwestern Energy Co1.20%
SNDK SanDisk1.18%
JPM JPMorgan Chase1.07%