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Morningstar

Calamos Market Neutral Income A CVSIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
14.07  /  0.07 %
Total Assets
16.0 Bil
Adj. Expense Ratio
1.040%
Expense Ratio
1.150%
Fee Level
Low
Longest Manager Tenure
32.25 years
Category
Relative Value Arbitrage
Alt Style Correlation / Relative Volatility
High / Low
Min. Initial Investment
2,500
Status
Open
TTM Yield
0.19%
Turnover
49%

USD | NAV as of Dec 02, 2022 | 1-Day Return as of Dec 02, 2022, 10:52 PM GMT+00:00

Morningstar’s Fund Analysis CVSIX

Will CVSIX 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 CVSIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CVSIX 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 CVSIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Steady returns but incurring its largest drawdown.

Director

Summary

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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.

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