Calamos Merger Arbitrage I (CMRGX)
| Fund Assets | 2.69M |
| Expense Ratio | n/a |
| Min. Investment | $1,000,000 |
| Turnover | 177.00% |
| Dividend (ttm) | 0.79 |
| Dividend Yield | 7.82% |
| Dividend Growth | 170.67% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 15, 2025 |
| Previous Close | 10.17 |
| YTD Return | 0.49% |
| 1-Year Return | 10.93% |
| 5-Year Return | n/a |
| 52-Week Low | 9.41 |
| 52-Week High | 10.93 |
| Beta (5Y) | n/a |
| Holdings | n/a |
| Inception Date | n/a |
About CMRGX
The Calamos Merger Arbitrage Fund Class I is an alternative mutual fund focused on event-driven strategies, specifically merger arbitrage. Its primary function is to deliver absolute returns that are largely uncorrelated to traditional equity and fixed income markets, making it a strategic diversifier within broader investment portfolios. The fund pursues long-term capital appreciation by actively managing positions in public company merger and acquisition transactions, employing both long and short exposures. The investment team leverages extensive experience in hedged equity and convertible arbitrage strategies, allowing sophisticated structuring around complex corporate actions, including deals that involve convertible bonds or liquid options. With a relatively low volatility profile, the fund aims to provide stable returns across market cycles while helping mitigate drawdowns during broader market stress. The portfolio is diversified across sectors impacted by M&A activity, such as technology, healthcare, energy, and basic materials. This approach positions the fund as a valuable alternative for investors seeking exposure to event-driven opportunities with reduced correlation to conventional asset classes.
Performance
CMRGX had a total return of 10.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.23%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 15, 2025 | $0.79344 | Dec 15, 2025 |
| Dec 23, 2024 | $0.29314 | Dec 23, 2024 |
| Dec 21, 2023 | $0.06071 | Dec 21, 2023 |