Program for investment professionals to be presented August 1, 2017 at 4:30 p.m. EDT
NAPERVILLE, IL, July 31, 2017 /24-7PressRelease/ — Calamos Investments, the global investment management firm, will present a webcast for financial advisors on August 1 on the topic of using an equity and income alternative fund in an asset allocation. The program, Designing and Alternative Asset Allocation: Our Best Ideas for H2 2017, will discuss the practical effect of using liquid alternative funds to pursue better returns while cutting back on volatility in clients’ investment portfolios.
Two veteran portfolio managers whose alternative funds consistently ranked in the top quartiles of their Morningstar categories over the one, five, 10-year and since inception time periods–Michael Grant (Calamos Phineus Long/Short Fund or CPLIX) and Eli Pars (Calamos Market Neutral Income Fund or CMNIX)–will present their perspectives on volatility, equity valuations and market opportunities. Calamos Investments President and Head of Global Distribution Robert Behan, CFA will moderate the event.
Aware that the traditional 60% equity/40% fixed income portfolio is unlikely to perform as it has previously*, advisors are searching for fresh ideas to help their clients achieve their investment objectives. This event is intended for those who are ready to move beyond the theory and into the practical considerations of using alternatives in place of long-only stock and bond funds.
The live webcast will begin at 4:30 p.m. on Tuesday, August 1. For more information and to register, visit www.calamos.com/aug1webcast. This event is for investment professionals only.
Calamos Investments is a diversified global investment firm offering innovative investment strategies including U.S. growth equity, global equity, convertible, multi-asset and alternatives. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in London, New York, San Francisco, and the Miami area. For more information, please visit www.calamos.com.
*Calamos Investments LLC, referred to herein as Calamos Investments, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC.
*As the 30-year bull market for bonds draws to an end, many are forecasting significantly lower returns for the 60%/40% portfolio over the next several years, accompanied by higher volatility.
Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. We believe the information provided here is reliable, but do not warrant its accuracy or completeness. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for all investors. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. References to future returns are not promises or even estimates of actual returns a client portfolio may achieve. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.
Alternative investments may not be suitable for all investors, and the risks of alternative investments vary based on the underlying strategies used. Many alternative investments are highly illiquid, meaning that you may not be able to sell your investment when you wish to. Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus.
The principal risks of investing in the Calamos Phineus Long/Short Fund include: equity securities risk consisting of market prices declining in general, short sale risk consisting of potential for unlimited losses, foreign securities risk, currency risk, geographic concentration risk, other investment companies (including ETFs) risk, derivatives risk, options risk, and leverage risk.
The principal risks of investing in the Market Neutral Income Fund include: equity securities risk consisting of market prices declining in general, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk, convertible hedging risk, covered call writing risk, options risk, short sale risk, interest rate risk, credit risk, high yield risk, liquidity risk, portfolio selection risk, and portfolio turnover risk.
AVERAGE ANNUAL RETURNS_________1-YEAR___3-YEAR___5-YEAR___10-YEAR__SINCE
Calamos Phineus Long/Short Fund
__I Shares–at NAV (Inception–5/1/02)____27.69%___9.07%____11.32%___10.17%____11.90%
__A Shares–at NAV (Inception–5/1/02)____27.41____8.78______11.03_____9.90______11.61
__A Shares–Load adjusted______________21.32_____7.04______9.95______9.36______11.25
MSCI World Index______________________18.86____5.83______12.01_____4.56______7.27
S&P 500 Index________________________17.90_____9.61______14.63_____7.18______7.67
HFRI Equity Hedge Index________________12.51_____3.04______6.34______2.75______5.12
Morningstar Long/Short Equity Category_____8.87_____2.26______6.29______3.87______2.54
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund’s maximum front-end sales load of 4.75%. Had it been included, the Fund’s return would have been lower. For the most recent month-end fund performance information visit www.calamos.com.
The performance shown for periods prior to 4/5/16 is the performance of a predecessor investment vehicle (the “Predecessor Fund”). The Predecessor Fund was reorganized into the Fund on 4/5/16, the date upon which the Fund commenced operations. On 10/1/15 the parent company of Calamos Advisors, purchased Phineus Partners LP, the prior investment adviser to the Predecessor Fund (“Phineus”), and Calamos Advisors served as the Predecessor Fund’s investment adviser between 10/1/15 until it was reorganized into the Fund. Phineus and Calamos Advisors managed the Predecessor Fund using investment policies, objectives, guidelines and restrictions that were in all material respects equivalent to those of the Fund. Phineus and Calamos Advisors managed the Predecessor Fund in this manner either directly or indirectly by investing all of the Predecessor Fund’s assets in a master fund structure. The Predecessor Fund performance information has been adjusted to reflect Class A and I shares expenses. However, the Predecessor Fund was not a registered mutual fund and thus was not subject to the same investment and tax restrictions as the Fund. If it had been, the Predecessor Fund’s performance may have been lower.
Morningstar US Funds Long/Short Category: Long-short portfolios hold sizable stakes in both long and short positions in equities and related derivatives. Some funds that fall into this category will shift their exposure to long and short positions depending on their macro outlook or the opportunities they uncover through bottom-up research. Some funds may simply hedge long stock positions through exchange-traded funds or derivatives. At least 75% of the assets are in equity securities or derivatives.
As of 6/30/17 Calamos Phineus Long/Short Fund ranked #1 of 309 funds over the one-year period, #9 of 111 funds over the five-year period, #2 of 47 funds over the 10-year period and #1 of 25 funds since inception.
AVERAGE ANNUAL RETURNS______1-YEAR__3-YEAR__5-YEAR__10-YEAR__SHARE A__SHARE I
Calamos Market Neutral Income Fund
__I Shares – at NAV (Inception- 5/10/00)_5.82%___3.17%___3.92%___3.33%____N/A______4.59%
__A Shares – at NAV (Inception-9/4/90)__5.55_____2.89____3.65_____3.07_____6.36%_____N/A
__A Shares – Load adjusted*___________0.57_____1.25____2.65_____2.57_____6.17______N/A
BBgBarc U.S. Government/Credit Index__-0.41_____2.62____2.29_____4.57_____6.21______5.35
Citigroup Treasury Bill – 30 Days________0.42_____0.18____0.12_____0.43_____2.56______1.51
Morningstar Market Neutral Category____2.71_____0.35_____0.88_____0.72____3.96______1.90
The Bloomberg Barclays U.S. Government/Credit Index and Citigroup 30-Day T-Bill Index return “Since A share Inception” start date is 8/31/90. The Lipper Category return start date is 9/30/90. The Bloomberg Barclays U.S. Government/Credit Index, Citigroup 30-Day T-Bill Index, and Morningstar Category return
“Since I share Inception” start date is 4/30/00.
*Prior to 2/28/17, the Fund had a maximum front-end sales charge of 4.75%
Morningstar Market Neutral Category represent funds that attempt to eliminate the risks of the market by holding 50% of assets in long positions in stocks and 50% of assets in short positions.
As of 6/30/17, Calamos Market Neutral Income Fund ranked #40 of 152 funds over the one-year period, #6 of 85 funds over the five-year period, #3 of 39 funds over the 10-year period and #1 of 7 funds since inception.
Before investing carefully consider the fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
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