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Calamos Market Neutral Income A CVSIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
14.45  /  0.14 %
Total Assets
14.7 Bil
Adj. Expense Ratio
1.080%
Expense Ratio
1.230%
Fee Level
Low
Longest Manager Tenure
30.90 years
Category
Relative Value Arbitrage
Alt Style Correlation / Relative Volatility
High / Low
Min. Initial Investment
2,500
Status
Open
TTM Yield
0.35%
Turnover
77%

USD | NAV as of Jul 30, 2021 | 1-Day Return as of Jul 30, 2021, 9:28 PM GMT+00:00

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Morningstar’s Analysis

Will CVSIX outperform in future?

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

Process Pillar

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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

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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

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

Steady returns thanks to prudent risk management.

Senior Analyst

Summary

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A stable and experienced team with a strong track record of capital preservation bolsters Calamos Market Neutral Income. Concerns about its growing asset base are warranted, but the team’s record of prudent risk management continue to earn a Morningstar Analyst Rating of Bronze for the cheapest share classes; the most expensive share class remains Neutral.

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