Calamos Merger Arbitrage A (CMRAX)
| Fund Assets | 2.62M |
| Expense Ratio | 0.04% |
| Min. Investment | $2,500 |
| Turnover | 136.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.42% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 23, 2024 |
| Previous Close | 10.68 |
| YTD Return | 8.11% |
| 1-Year Return | 10.07% |
| 5-Year Return | n/a |
| 52-Week Low | 9.40 |
| 52-Week High | 10.68 |
| 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.
Performance
CMRAX had a total return of 10.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.89%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2024 | $0.26513 | Dec 23, 2024 |
| Dec 21, 2023 | $0.05791 | Dec 21, 2023 |