Calamos Merger Arbitrage I (CMRGX)

Fund Assets	2.57M
Expense Ratio	1.689%
Min. Investment	$1,000,000
Turnover	177.00%
Dividend (ttm)	0.15
Dividend Yield	1.41%
Dividend Growth	3.93%
Payout Frequency	Annual
Ex-Dividend Date	Dec 15, 2025

Previous Close	10.46
YTD Return	3.36%
1-Year Return	4.38%
5-Year Return	n/a
52-Week Low	10.05
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.

• Fund Family: Calamos
• Category: Event Driven
• Stock Exchange: Nasdaq
• Ticker Symbol: CMRGX

Performance

CMRGX had a total return of 4.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.25%.

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

Data Sources: Tiingo, Twelve Data, and more

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

Last checked:

Oct 17, 2026

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