About CVSOX
Calamos Market Neutral Income Fund Class R6 is an alternative mutual fund designed to deliver high current income while maintaining stability of principal. Its strategy is built around a market neutral approach, meaning it seeks to minimize sensitivity to overall equity market movements by combining convertible arbitrage—investing in convertible securities and simultaneously hedging with short positions—and a conservatively managed, options-based hedged equity component. The fund invests primarily in convertible securities, U.S. equities, and select fixed income instruments, aiming to generate returns independent of market direction. Notably, it holds positions in major companies such as Apple, Microsoft, and NVIDIA, reflecting a large-cap, growth and value orientation within its portfolio. Recognized for its relatively low volatility and risk profile, the fund serves as a diversification tool for investors looking to reduce correlation with traditional bond and equity investments. With quarterly dividend distributions and a focus on absolute return characteristics, the fund is suitable for those seeking income and capital preservation across diverse market environments.
Fund Family Calamos
Category Relative Value Arbitrage
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol CVSOX
Share Class Class R6
Index Bloomberg U.S. Government/Credit Bond TR
CVSOX had a total return of 6.73% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.33%.
