Calamos Market Neutral Income Fund Class A (CVSIX)

Fund Assets	18.82B
Expense Ratio	1.242%
Min. Investment	$2,500
Turnover	43.00%
Dividend (ttm)	0.25
Dividend Yield	1.52%
Dividend Growth	-0.78%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 15, 2026

Previous Close	16.52
YTD Return	4.09%
1-Year Return	4.80%
5-Year Return	24.12%
52-Week Low	15.82
52-Week High	16.58
Beta (5Y)	0.16
Holdings	1118
Inception Date	Sep 4, 1990

About CVSIX

Calamos Market Neutral Income Fund Class A is an open-end mutual fund designed to achieve high current income while maintaining stability of principal. The fund employs a "market neutral" approach, seeking to generate returns with low correlation to traditional equity and bond markets, making it a potential diversifier for various portfolio types. Its investment strategy includes exposure to equities, convertible securities of U.S. companies regardless of market capitalization, short selling, and total return swaps to manage risk and enhance income. A hallmark feature is its focus on convertible arbitrage paired with a hedged equity sleeve, aiming to perform across different market and interest rate environments. The average maturity for its convertible securities typically ranges from two to ten years, and the fund may also generate income through writing options. With a history exceeding three decades, it stands out for its risk management, low volatility (as reflected in its low beta), and ability to potentially reduce overall portfolio drawdowns. The fund has a minimum investment requirement and distributes income quarterly, serving as a liquid alternative allocation suitable for investors seeking income generation with reduced exposure to broad market swings.

• Fund Family: Calamos
• Category: Relative Value Arbitrage
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: CVSIX
• Share Class: Class A
• Index: Bloomberg U.S. Government/Credit Bond TR

Performance

CVSIX had a total return of 4.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.70%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
CVSOX	Class R6	0.92%
CMNIX	Class I	1.01%
CVSCX	Class C	2.01%

Top 10 Holdings

50.80% of assets

Name	Symbol	Weight
Usd	n/a	26.60%
NVIDIA Corporation	NVDA	4.65%
Apple Inc.	AAPL	3.98%
Western Digital Corp. 3%	WDC.3 11.15.28	3.77%
Microsoft Corporation	MSFT	2.61%
Amazon.com, Inc.	AMZN	2.15%
Calamos Short-Term Bond I	CSTIX	1.86%
Alphabet Inc.	GOOG	1.78%
Alphabet Inc.	GOOGL	1.74%
Broadcom Inc.	AVGO	1.66%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 15, 2026	$0.05566	Sep 15, 2026
Jun 15, 2026	$0.03542	Jun 15, 2026
Mar 16, 2026	$0.00915	Mar 16, 2026
Dec 15, 2025	$0.14956	Dec 15, 2025
Sep 16, 2025	$0.03756	Sep 16, 2025
Jun 16, 2025	$0.03892	Jun 16, 2025

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Nov 6, 2026

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