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Calamos Market Neutral Income I (CMNIX) Fund Ranking and Research

Ranking, Research and Recommendation of Calamos Market Neutral Income I (CMNIX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Calamos Market Neutral Income I Fund (CMNIX) ManagerFund Manager - John Calamos

Fund Manager Information

Fund Manager Tenure: 28.9 years
Fund Family: Calamos
Fund Category: Market Neutral
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.75)     (What does this score mean?)

 

Graph of Calamos Market Neutral Income I Fund (CMNIX) ProfileCalamos Market Neutral Income I Fund (CMNIX) Profile

Fund Profile and Description

Calamos Market Neutral Income I Fund seeks high current income consistent with stability of principal. Calamos Market Neutral Income I Fund invests primarily in convertible securities of U.S. companies without regard to market capitalization and employs short selling to enhance income and hedge against market risk. The average term to maturity of the convertible securities purchased by the fund typically ranges from 2-10 years. Calamos Market Neutral Income I Fund may invest without limit in high-yield fixed-income securities.

 

Calamos Market Neutral Income I (CMNIX) Fund Strength What we like about Calamos Market Neutral Income I (CMNIX) Fund

Data for Calamos Market Neutral Income I Fund (CMNIX) as of May 30, 2016

  • Calamos Market Neutral Income I Fund (CMNIX) management has been with Calamos Market Neutral Income I Fund for 28.9 years
  • Calamos Market Neutral Income I Fund (CMNIX) has good short-term performance (1-year return 0.80% vs -0.96% Market Neutral category median performance)
  • Calamos Market Neutral Income I Fund (CMNIX) has good mid-term performance (3-year return 2.95% vs 0.90% Market Neutral category median performance)
  • Calamos Market Neutral Income I Fund (CMNIX) has good Long-term performance (5-year return 3.39% vs 0.81% Market Neutral category median performance)
  • Calamos Market Neutral Income I Fund (CMNIX) ratio of up-years vs down years is greater than 2
  • Calamos Market Neutral Income I Fund (CMNIX) has a Morningstar rating of 4 and above
  • Calamos Market Neutral Income I Fund (CMNIX) has an annual stock turnover rate of 37.60% vs Market Neutral average of 187.85%. It is good that Calamos Market Neutral Income I management does not trade extensively for its return.
  • Calamos Market Neutral Income I Fund (CMNIX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.58, lower than category average of 3.93
  • Calamos Market Neutral Income I Fund (CMNIX) has a lower expense ratio than its Market Neutral average: 0.86% vs 1.73%
  • Calamos Market Neutral Income I Fund (CMNIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Calamos Market Neutral Income I Fund (CMNIX) Weakness What we are cautious about Calamos Market Neutral Income I (CMNIX) Fund

Data for Calamos Market Neutral Income I Fund (CMNIX) as of May 30, 2016

See Calamos Market Neutral Income I Fund (CMNIX) performance details as of May 30, 2016

 

What do you think?

 

Compare Calamos Market Neutral Income I Fund (CMNIX)Compare with other top Market Neutral category mutual funds

Aadditional top Market Neutral mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Calamos Market Neutral Income I1.740.802.953.39
Gabelli ABC AAA (GABCX)1.091.632.172.63Compare
Arbitrage I (ARBNX)2.101.162.011.89Compare
BlackRock Event Driven Equity Inv A (BALPX)1.570.148.058.15Compare

See top fund managers for Market Neutral Category Funds

 

Compare Calamos Market Neutral Income I Fund (CMNIX)Compare with Market Neutral category ETFs

Some Market Neutral ETFs for your consideration

ETFYear to DateOne YearThree Year
QuantShares US Market Neut Momentum (MOM)-7.74%2.74%1.57%
IQ Merger Arbitrage ETF (MNA)000
QuantShares US Market Neut Anti-Beta (BTAL)000
ProShares RAFI Long/Short (RALS)1.18%-2.53%-0.87%

 

Graph of Calamos Market Neutral Income I Fund (CMNIX) Net Asset TrackingCalamos Market Neutral Income I (CMNIX) Fund Net Asset

Track net asset change of Calamos Market Neutral Income I fund (CMNIX)

DateNet Asset
05/2016$3.75B
03/2016$3.66B
02/2016$3.68B
More historic net asset information on Calamos Market Neutral Income I Fund (CMNIX)

  

Graph of Calamos Market Neutral Income I Fund (CMNIX) Portfolio TrackingCalamos Market Neutral Income I (CMNIX) Fund Portfolio Allocation

Track portfolio allocation change of Calamos Market Neutral Income I fund (CMNIX)

DateCashStockBondOther
01/20165.53%48.09%7.46%1.18%
12/20154.74%48.56%6.99%0.42%
10/20154.93%48.09%7.83%0.76%
Click here to see more historic asset allocation information on Calamos Market Neutral Income I Fund (CMNIX)

 

graph of Calamos Market Neutral Income I Fund (CMNIX) Top 10 Position TrackingTop 10 Holdings in Calamos Market Neutral Income I (CMNIX) Fund

Discover what Calamos Market Neutral Income I Fund (CMNIX) manager is buying

Jan 30, 2016
Apple Inc. [2.59%]
Microsoft Corporation [1.87%]
Sandisk Cv 1.5% [1.54%]
Exxon Mobil Corporation Common [1.46%]
Electnc Arts Cv 0.75% [1.38%]
Electronic Arts Inc. [1.34%]
Nvidia Cv 1% [1.28%]
Xilinx Cv 2.625% [1.18%]
SanDisk Corporation [1.17%]
Johnson & Johnson Common Stock [1.08%]

Dec 30, 2015
Apple Inc. [2.71%]
Microsoft Corporation [1.83%]
Sandisk Cv 1.5% [1.66%]
SPDR® S&P 500 ETF [1.58%]
Electnc Arts Cv 0.75% [1.53%]
Electronic Arts Inc. [1.47%]
Nvidia Cv 1% [1.47%]
Exxon Mobil Corporation Common [1.41%]
SanDisk Corporation [1.3%]
NVIDIA Corporation [1.29%]

Oct 30, 2015
Apple Inc. [3.01%]
SPDR® S&P 500 ETF [2.01%]
Microsoft Corporation [1.69%]
Sandisk Cv 1.5% [1.64%]
Electnc Arts Cv 0.75% [1.55%]
Electronic Arts Inc. [1.51%]
Exxon Mobil Corporation Common [1.46%]
Allergan Plc Preferred Stock 03/18 5.5 [1.3%]
SanDisk Corporation [1.28%]
Nvidia Cv 1% [1.26%]
Click here for Stock Holding Change Map in Calamos Market Neutral Income I Fund (CMNIX)

  

Latest News on Calamos Market Neutral Income I (CMNIX) Fund

See what is happening with Calamos Market Neutral Income I Fund (CMNIX)

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Calamos Market Neutral Income I Fund (CMNIX) Related ResourcesSee more information on Calamos Market Neutral Income I (CMNIX) Fund

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