| Scorecard |
|---|
|
3 / 5 Stars
|
|
Lipper
4
4
5
5
2
|
|
Zacks Investment Research
1
(Strong Buy)
|
|
Standard & Poor's
---
|
|
TheStreet.com
C
(Hold)
|
U.S. News evaluated 39 Market Neutral Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Performance
The fund has returned 3.07 percent over the past year, 3.85 percent over the past three years, 2.27 percent over the past five years, and 2.93 percent over the past decade.
| Trailing Returns | Updated 04.30.2013 |
|---|---|
| Year to date | 2.0% |
| 1 Year | 3.1% |
| 3 Years (Annualized) | 3.9% |
| 5 Years (Annualized) | 2.3% |
| 10 Years (Annualized) | 2.9% |
Summary
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").
Fees
Fees are Low compared to funds in the same category.
Calamos Market Neutral Income has an expense ratio of 1.88 percent.
Risk
Risk is Above Average compared to funds in the same category according to Morningstar.
