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.
Calamos Market Neutral Income A CVSIX
NAV / 1-Day Return
14.64
/
0.07
%
Total Assets
17.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.080%
Expense Ratio
1.230%
Fee Level
Low
Longest Manager Tenure
31.24
years
Category
Relative Value Arbitrage
Alt Style Correlation / Relative Volatility
High / LowMin. Initial Investment
2,500
Status
Open
TTM Yield
0.38%
Turnover
77%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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 thanks to prudent risk management.
