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Morningstar

Calamos Market Neutral Income C CVSCX

Morningstar Medalist Rating
Medalist Rating as of | See Calamos Investment Hub
  • NAV / 1-Day Return 14.55  /  0.07 %
  • Total Assets 14.4 Bil
  • Adj. Expense Ratio
    1.760%
  • Expense Ratio 1.930%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Relative Value Arbitrage
  • Alt Style Correlation / Relative Volatility High / Low
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.43%
  • Turnover 41%

USD | NAV as of May 26, 2023 | 1-Day Return as of May 26, 2023, 10:14 PM GMT+0

Morningstar’s Analysis CVSCX

Will CVSCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CVSCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CVSCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of CVSCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Steady returns but incurring its largest drawdown.

Director Simon Scott

Simon Scott

Director

Summary

A stable and experienced team with a strong track record of capital preservation bolsters Calamos Market Neutral Income. We are watchful of its huge asset base and deviations away from its core capability, but the team’s record of prudent risk management continues to earn a Morningstar Analyst Rating of Bronze for the cheapest share classes; the most expensive share class remains rated Neutral.

by Simon Scott
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings CVSCX

More CVSCX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 930
  • Bond Holdings 59
  • Other Holdings 302
  • % Assets in Top 10 Holdings 11.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Usd

18.22
2,595,929,169
Cash and Equivalents

Apple Inc

3.47
494,249,988
Technology

Microsoft Corp

3.09
439,483,367
Technology

Calamos Short-Term Bond I

2.32
330,101,208
—

Palo Alto Networks Inc 0.75%

1.73
246,448,552
Corporate

Amazon.com Inc

1.31
185,918,591
Consumer Cyclical

Tesla Inc 2%

1.18
168,576,290
Corporate

Palo Alto Networks Inc 0.375%

1.11
157,428,960
Corporate

Pioneer Natural Resources Company 0.25%

1.07
153,058,620
Corporate

SPDR® S&P 500 ETF Trust

1.07
152,228,806
—