Calamos Merger Arbitrage A (CMRAX)

Fund Assets	2.61M
Expense Ratio	1.98%
Min. Investment	$1,000,000
Turnover	177.00%
Dividend (ttm)	0.12
Dividend Yield	1.13%
Dividend Growth	3.54%
Payout Frequency	Annual
Ex-Dividend Date	Dec 15, 2025

Previous Close	10.45
YTD Return	3.26%
1-Year Return	4.87%
5-Year Return	n/a
52-Week Low	10.05
52-Week High	10.91
Beta (5Y)	n/a
Holdings	n/a
Inception Date	n/a

About CMRAX

Calamos Merger Arbitrage Fund Class A is an open-end mutual fund that utilizes a merger arbitrage strategy, primarily aiming to deliver absolute returns that are largely uncorrelated to broader equity and fixed income markets. This alternative event-driven fund is managed actively and seeks to capitalize on opportunities arising from public company mergers and acquisitions. The strategy leverages the Calamos team's experience in hedged equity and convertible arbitrage, focusing on analyzing deal structures and target company securities—such as convertible bonds and options—to optimize risk and reward profiles. The fund’s primary objective is long-term capital appreciation, with a portfolio built to provide lower volatility and diversification benefits for investors looking to reduce correlation with traditional asset classes. By investing in event-driven situations, Calamos Merger Arbitrage Fund Class A aims to generate positive returns across varying market cycles and can serve as a ballast against drawdowns in more conventional portfolios. This approach is well-suited for investors seeking an absolute return strategy that pursues gains through corporate deal-making activity rather than broad market movements.

• Fund Family: Calamos
• Category: Event Driven
• Stock Exchange: NASDAQ
• Ticker Symbol: CMRAX

Performance

CMRAX had a total return of 4.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.73%.

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 15, 2025	$0.76388	Dec 15, 2025
Dec 23, 2024	$0.26513	Dec 23, 2024
Dec 21, 2023	$0.05791	Dec 21, 2023

Data Sources: Tiingo, Alpha Vantage, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Alpha Vantage. Several fund data points are also provided by Finnhub.

Last checked:

Sep 26, 2026

Data Sources Report a data error