Calamos Market Neutral Income C Fund (CVSCX - Free Report) seeks high current income consistent with stability of principal. CVSCX invests mainly in convertible securities and employs short selling to enhance income and hedge against market risk. These convertible securities may be either debt securities or preferred stocks that can be exchanged for common stock. CVSCX may invest without limit in high yield fixed-income securities (often referred to as ''junk bonds'').
This Mkt Neut product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.2% and 5 year 2.7%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
The Calamos Market Neutral Income C fund, as of the last filing, allocates their fund in top three major groups; Large Value, Large Growth and Precious Metal. As of the last filing, NVIDIA Corp, Apple Inc and Microsoft Corp were the top holdings for CVSCX.
This Zacks Rank #1 (Strong Buy) was created in September 1990 and is managed by Calamos. CVSCX carries an expense ratio of 1.83% and requires a minimal initial investment of $2,500.
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