Calamos Hedged Equity Fund (CIHEX)
The fund seeks to achieve total return with lower volatility than equity markets. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities and securities with economic characteristics similar to stock or the equity markets. The fund may write call options (i) on a portion of the equity securities in the fund's portfolio and (ii) on broad-based securities indexes (such as the S&P 500 or MSCI EAFE) or ETFs (exchange traded funds).
Fund Info
| ISIN | US1281206722 |
|---|---|
| Issuer | Calamos |
| Inception Date | Dec 30, 2014 |
| Category | Options Trading |
| Min. Investment | $1,000,000 |
| Asset Class | Alternatives |
Expense Ratio
The Calamos Hedged Equity Fund has a high expense ratio of 0.91%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Calamos Hedged Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Calamos Hedged Equity Fund had a return of 3.47% year-to-date (YTD) and 15.05% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.47% | 5.84% |
| 1 month | -1.64% | -2.98% |
| 6 months | 12.52% | 22.02% |
| 1 year | 15.05% | 24.47% |
| 5 years (annualized) | 6.98% | 11.44% |
| 10 years (annualized) | N/A | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.93% | 2.95% | 1.94% | |||||||||
| 2023 | -2.23% | -0.78% | 4.90% | 2.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Calamos Hedged Equity Fund(CIHEX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Calamos Hedged Equity Fund (CIHEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Calamos Hedged Equity Fund granted a 0.67% dividend yield in the last twelve months. The annual payout for that period amounted to $0.10 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.10 | $0.07 | $0.14 | $0.12 | $0.34 | $0.09 | $0.13 | $0.26 |
Dividend yield | 0.67% | 0.68% | 0.73% | 0.44% | 1.03% | 0.99% | 3.15% | 0.85% | 1.29% | 2.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Hedged Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.01 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.07 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 |
| 2020 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 |
| 2019 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 |
| 2018 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.28 |
| 2017 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 |
| 2016 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 |
| 2015 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Calamos Hedged Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Calamos Hedged Equity Fund was 17.80%, occurring on Mar 23, 2020. Recovery took 93 trading sessions.
The current Calamos Hedged Equity Fund drawdown is 2.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.8% | Feb 20, 2020 | 23 | Mar 23, 2020 | 93 | Aug 4, 2020 | 116 |
| -15.77% | Jan 5, 2022 | 186 | Sep 30, 2022 | 294 | Dec 1, 2023 | 480 |
| -8.21% | Aug 30, 2018 | 80 | Dec 24, 2018 | 69 | Apr 4, 2019 | 149 |
| -7.72% | Jul 21, 2015 | 143 | Feb 11, 2016 | 102 | Jul 8, 2016 | 245 |
| -4.72% | Sep 3, 2020 | 14 | Sep 23, 2020 | 34 | Nov 10, 2020 | 48 |
Volatility
Volatility Chart
The current Calamos Hedged Equity Fund volatility is 2.01%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.