Mutual Fund Insights: Calamos Market Neutral Income I Fund (CMNIX)

In-depth Analysis of Calamos Market Neutral Income I Fund (CMNIX)

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See Calamos Market Neutral Income I Fund (CMNIX) performance details as of January 31, 2010

  

Last Trade: $11.57 on 3/15/2010, Change: 0.00 (0%)

  

Fund Manager - John P. Calamos, Sr.

Fund Manager Tenure: 19.5 years
Fundmojo Fund Grade: B (Score: 0.64)     (What does this score mean?)

John P. Calamos is the founder of CALAMOS ASSET MANAGEMENT, INC., the 16th largest money manager in Chicagoland. The firm offers institutional and individual investors a breadth of strategies through both individually managed portfolios and mutual funds. Mr. Calamos? investment career spans 30 years. Known as a pioneer in risk management, he is the author of two books.  Get more insights on John P. Calamos, Sr.

  

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

Data for Calamos Market Neutral Income I Fund (CMNIX) as of January 31, 2010

• Calamos Market Neutral Income I Fund (CMNIX) management has been with Calamos Market Neutral Income I Fund for 19.5 years
• Calamos Market Neutral Income I Fund (CMNIX) has good short-term performance (1-year return 14.41% vs 11.69% Long-Short category average)
• Calamos Market Neutral Income I Fund (CMNIX) has good mid-term performance (3-year return 0.98% vs -2.05% Long-Short category average)
• Calamos Market Neutral Income I Fund (CMNIX) has good Long-term performance (5-year return 2.40% vs 1.81% Long-Short category average)
• Calamos Market Neutral Income I Fund (CMNIX) has an annual stock turnover rate of 79.80% vs Long-Short average of 349.35%. 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 7.75, lower than category average of 10.49
• Calamos Market Neutral Income I Fund (CMNIX) has a lower management fee than its Long-Short average: 0.89% vs 2.07%
• 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

  

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

Data for Calamos Market Neutral Income I Fund (CMNIX) as of January 31, 2010

• Calamos Market Neutral Income I Fund (CMNIX) ratio of up-years vs down years can be improved
• Calamos Market Neutral Income I Fund (CMNIX) has a Morningstar rating of 3 and below
• Calamos Market Neutral Income I Fund (CMNIX) is less safe compared to its Long-Short peers

See Calamos Market Neutral Income I Fund (CMNIX) performance details as of January 31, 2010

  

  

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Calamos Market Neutral Income I Fund (CMNIX) Net Asset

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

Date	Net Asset
01/2010	$221.42M
11/2009	$183.03M
10/2009	$165.63M

More historic net asset information on Calamos Market Neutral Income I Fund (CMNIX)

  

Calamos Market Neutral Income I Fund (CMNIX) Portfolio Allocation

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

Date	Cash	Stock	Bond	Other
09/2009	5.59%	59.71%	2.51%	32.18%
07/2009	5.42%	58.42%	3.82%	32.34%
06/2009	5.43%	57.25%	4.98%	32.33%

Click here to see more historic asset allocation information on Calamos Market Neutral Income I Fund (CMNIX)

  

Most Recent Top 10 Holdings in Calamos Market Neutral Income I Fund (CMNIX)

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

30-Sep-09 Fidelity Prime Money Mkt Port Institutional Class [6.53%] Apple Inc. [2.42%] Microsoft Corporation [2.38%] Google Inc. [2.28%] JP MORGAN CHASE CO [2.01%] PROCTER GAMBLE CO [1.89%] Cisco Systems, Inc. [1.86%] INTL BUSINESS MACH [1.73%] Goldcorp Inc New 144A Cv 2% [1.65%] S + P 500 Index Oct09 920 Call [1.64%]

31-Jul-09 Fidelity Prime Money Mkt Port Institutional Class [5.92%] EXXON MOBIL CP [3.34%] JOHNSON AND JOHNS DC [2.49%] Microsoft Corporation [2.36%] INTL BUSINESS MACH [2.3%] Apple Inc. [2.1%] Emc 144A 1.75% [1.77%] CHEVRON CORP [1.74%] QUALCOMM Incorporated [1.73%] Goldcorp Inc New 144A Cv 2% [1.68%]

30-Jun-09 Fidelity Prime Money Mkt Port Institutional Class [6.17%] EXXON MOBIL CP [3.38%] Microsoft Corporation [2.43%] JOHNSON AND JOHNS DC [2.37%] INTL BUSINESS MACH [2.07%] Apple Inc. [1.86%] QUALCOMM Incorporated [1.72%] CHEVRON CORP [1.69%] Emc 144A 1.75% [1.66%] Millipore 3.75% [1.62%]

Click here for Stock Holding Change Map in Calamos Market Neutral Income I Fund (CMNIX)

  

Related books and products to Calamos Market Neutral Income I Fund (CMNIX)

  

Latest News on Calamos Market Neutral Income I (CMNIX)

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Books and Resources

 

 

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

• Calamos Market Neutral Income I Fund Insights
• Calamos Market Neutral Income I Fund Performance Data
• Calamos Market Neutral Income I Fund News
• Calamos Market Neutral Income I Fund Score Explaination
• Calamos Market Neutral Income I Fund Manager Information
• Historic Calamos Market Neutral Income I Fund Asset Allocation Report
• Historic Calamos Market Neutral Income I Fund Top 10 Holding Tracking
• Historic Calamos Market Neutral Income I Fund Asset Under Management Tracking