Calamos Market Neutral Income Fund Institutional Class (CMNIX)
Fund Info
| ISIN | US1281198804 |
|---|---|
| CUSIP | 128119880 |
| Issuer | Calamos |
| Inception Date | May 10, 2000 |
| Category | |
| Min. Investment | $1,000,000 |
| Home Page | www.calamos.com |
| Asset Class | Multi-Asset |
Expense Ratio
CMNIX features an expense ratio of 0.90%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: CMNIX vs. MBXIX, CMNIX vs. DBLTX, CMNIX vs. MRJIX, CMNIX vs. FPACX, CMNIX vs. CPLIX, CMNIX vs. JHEQX, CMNIX vs. MAFIX, CMNIX vs. WAEMX, CMNIX vs. AGG, CMNIX vs. GOVT
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Calamos Market Neutral Income Fund Institutional Class, 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 Market Neutral Income Fund Institutional Class had a return of 6.78% year-to-date (YTD) and 4.77% in the last 12 months. Over the past 10 years, Calamos Market Neutral Income Fund Institutional Class had an annualized return of 2.82%, while the S&P 500 had an annualized return of 11.39%, indicating that Calamos Market Neutral Income Fund Institutional Class did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.78% | 25.45% |
| 1 month | 0.54% | 2.91% |
| 6 months | 4.02% | 14.05% |
| 1 year | 4.77% | 35.64% |
| 5 years (annualized) | 3.71% | 14.13% |
| 10 years (annualized) | 2.82% | 11.39% |
Monthly Returns
The table below presents the monthly returns of CMNIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.42% | 0.77% | 0.67% | -0.14% | 1.04% | 0.63% | 0.55% | 1.02% | 0.89% | 0.27% | 6.78% | ||
| 2023 | 2.18% | -0.28% | 1.21% | 0.71% | 0.35% | 1.69% | 0.48% | 0.34% | -0.11% | -0.14% | 1.58% | -2.68% | 5.38% |
| 2022 | -0.76% | -0.90% | 0.30% | -2.23% | -0.71% | -2.86% | 2.45% | -0.22% | -2.36% | 1.71% | 1.54% | -0.14% | -4.26% |
| 2021 | -0.14% | 0.87% | 0.64% | 0.71% | 0.42% | 0.19% | 0.28% | 0.56% | -0.25% | 1.05% | -0.28% | 0.87% | 5.03% |
| 2020 | 0.23% | -1.35% | -2.73% | 3.22% | 0.68% | 1.12% | 1.20% | 0.96% | 0.07% | -0.44% | 1.84% | 0.56% | 5.36% |
| 2019 | 1.97% | 0.54% | 0.36% | 0.69% | -0.38% | 1.17% | 0.46% | 0.45% | 0.13% | 0.53% | 0.15% | 0.47% | 6.72% |
| 2018 | 1.38% | -0.08% | 0.05% | 0.61% | 0.30% | 0.06% | 0.60% | 0.52% | 0.19% | -0.45% | 0.30% | -4.75% | -1.39% |
| 2017 | 0.54% | 1.08% | 0.18% | 0.23% | 0.23% | 0.48% | 0.46% | 0.00% | 0.36% | 0.30% | 0.38% | -1.30% | 2.97% |
| 2016 | -1.74% | -0.24% | 2.26% | 0.87% | 0.63% | 0.28% | 1.25% | 0.23% | 0.35% | -0.00% | 0.69% | -1.13% | 3.43% |
| 2015 | -0.86% | 1.89% | -0.41% | 1.01% | 0.62% | -0.71% | 0.54% | -1.77% | -0.89% | 2.45% | -0.23% | -1.79% | -0.25% |
| 2014 | -0.94% | 1.34% | 0.14% | 0.23% | 0.62% | 0.39% | -0.54% | 1.16% | -0.66% | 0.39% | 0.46% | -1.43% | 1.14% |
| 2013 | 1.28% | 0.08% | 0.72% | 0.24% | 0.16% | -0.82% | 1.51% | -0.86% | 1.10% | 1.41% | 0.54% | -1.29% | 4.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CMNIX is 26, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Calamos Market Neutral Income Fund Institutional Class (CMNIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Calamos Market Neutral Income Fund Institutional Class provided a 2.13% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.33 | $0.14 | $0.07 | $0.13 | $0.21 | $0.23 | $0.18 | $0.18 | $0.17 | $0.16 | $0.20 |
Dividend yield | 2.13% | 2.31% | 1.02% | 0.46% | 0.90% | 1.56% | 1.78% | 1.40% | 1.41% | 1.35% | 1.22% | 1.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Market Neutral Income Fund Institutional Class. 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.13 | |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.19 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.10 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.07 |
| 2020 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.13 |
| 2019 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.21 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.23 |
| 2017 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.18 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.18 |
| 2015 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.17 |
| 2014 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.16 |
| 2013 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Calamos Market Neutral Income Fund Institutional Class. 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 Market Neutral Income Fund Institutional Class was 22.81%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
The current Calamos Market Neutral Income Fund Institutional Class drawdown is 0.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.81% | Dec 27, 2007 | 301 | Mar 9, 2009 | 420 | Nov 4, 2010 | 721 |
| -8.11% | Feb 21, 2020 | 22 | Mar 23, 2020 | 53 | Jun 8, 2020 | 75 |
| -7.91% | Nov 16, 2004 | 126 | May 17, 2005 | 222 | Apr 4, 2006 | 348 |
| -7.53% | Jan 5, 2022 | 114 | Jun 17, 2022 | 238 | Jun 2, 2023 | 352 |
| -5.98% | May 26, 2015 | 182 | Feb 11, 2016 | 103 | Jul 11, 2016 | 285 |
Volatility
Volatility Chart
The current Calamos Market Neutral Income Fund Institutional Class volatility is 0.45%, 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.