Investment Strategy
The fund invests in a diversified portfolio of fixed income investments including derivatives. The fund may invest in U.S. government/agency securities, corporate debt of U.S. and non-U.S. issuers including up to 25% in high yield debt.
- Active management blending global investment themes and fundamental research
- Opportunistic sector allocations provide greater flexibility in managing risk and reward
- Broad diversified exposure to U.S. investment-grade bond market and complementary holdings that may include high-yield securities, international bonds and currencies
A Core Plus Approach
Fund Objective
The fund seeks total return, consistent with preservation of capital and prudent investment management.
Fund Benchmarks
- Barclays U.S. Aggregate Bond Index
Investment Process
The fund's investment team employs an investment process that considers global macro economic factors and investment themes. The team conducts both fundamental and quantitative research to evaluate the source, sustainability and risk of investment opportunities. The team manages a diversified portfolio monitoring and managing risk at the portfolio and individual security level.
Investment Team
John P. Calamos, Sr., Global Co-Chief Investment Officer and Gary D. Black, Global Co-Chief Investment Officer lead an integrated team of experienced investment professionals.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
Important Risk Information
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus.
The principal risks of investing in the Calamos Total Return Bond Fund include: interest rate risk, credit risk, high yield risk, liquidity risk, mortgage-related and other asset-back securities risk, including extension risk and prepayment risk, U.S. Government security risk, foreign securities risk, non-U.S. Government obligation risk and portfolio selection risk.
As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
NOTES
Annualized Standard Deviation-A statistical measure of the historical volatility of a mutual fund or portfolio, usually computed using 36 monthly returns. More generally, a measure of the extent to which numbers are spread around their average.
Barclays U.S. Aggregate Bond Index-Is an unmanaged index covering the USD-denominated, investment-grade, fixed-rate, taxable-bond market of SEC-registered securities. The index includes bonds from the Treasury, Government-Related, Corporate, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS and CMBS sectors. U.S. Agency Hybrid Adjustable Rate Mortgage (ARM) securities were added to the U.S. Aggregate Index on April 1, 2007. The U.S. Aggregate Index is a component of the U.S. Universal Index in its entirety.
Beta-Is a historic measure of a fund's relative volatility, which is one of the measures of risk; a beta of 0.5 reflects 1/2 the market's volatility as represented by the S&P 500 Index, while a beta of 2.0 reflects twice the market's volatility.
Bond Call Exposure-The call schedule put in the indenture.
Bond Credit Quality-Reflects the higher of the ratings of Standard & Poor’s Corporation or Moody’s Investors Service, Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). In addition, CAL has assigned its own ranking to the “unrated bonds” based on its fundamental and proprietary investment process and has years of experience actively managing risk. The security’s credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund’s Statement of Additional Information at calamos.com. Additional information on ratings methodologies are available by visiting the NRSRO websites: standardandpoors.com, moodys.com, and fitchratings.com.
Current (SEC) Yield-Reflects the dividends and interest earned by the Fund during the 30-day period ended as of the date stated above after deducting the Fund's expenses for that same period.
Debt/Capital Ratio-Is a measure of a company s financial leverage, calculated as the company’s debt divided by its total capital.
Distribution Rate-The percentage rate at which a fund distributes income to its shareholders. It is calculated by dividing a fund's annual distributions by its current price; this figure can vary from the SEC yield of the same fund because of the multiple ways of treating different asset classes.
Effective Duration-Measures the responsiveness of a bond's price to interest rate changes. This is a duration measure in which recognition is given to the fact that yield changes may change the expected cash flows.
PEG Ratio-Is price/earnings ratio divided by estimated earnings growth rate in the next year; a lower PEG indicates that less is being paid for each unit of earnings growth.
Price/Book Ratio-Is a stock’s capitalization divided by its book value.
Price/Earnings Ratio-Is the current stock price over trailing 12‐month earnings per share.
Price/Sales Ratio-Is the current stock price over trailing 12‐month sales per share.
ROIC (Return On Invested Capital)-Measures how effectively a company uses the money invested in its operations, calculated as a company’s net income minus any dividends divided by the company’s total capital.
S&P 500 Index-Is generally considered representative of the U.S. stock market.
Turnover-is the percentage of assets in a portfolio that changed over a certain period, often a year; higher turnover indicates greater buying and selling activity.
Weighted Average Life-Refers to the weighted average time to receive all future cash flows on a security. For bonds without embedded prepayment options or sinking funds, the weighted average life is equal to the years to maturity.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
The Fund’s investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2015 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B and Class C are limited to:
0.90%, 1.65% and 1.65% of average net assets respectively for the Calamos Total Return Bond Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2013 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions. Class A shares load-adjusted returns are adjusted for the maximum front-end sales load of 3.75%. The Funds also offer Class B and C shares, the performance of which may vary. Performance shown reflects an expense reimbursement that improved results.
The Fund's gross expense ratio is 0.99% as of the prospectus dated 3/1/2013.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Calendar Year Total Returns
AS OF 3/31/13
Annualized Total Returns
AS OF 3/31/13
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
10k Performance is for the Fund’s Class A shares at net asset value and does not include the Fund’s maximum front-end sales charge of 3.75%—had it been included, the Fund’s return would have been lower. Index data shown is from 6/30/07, since comparative index data is available only for full monthly periods. Source: Lipper, Inc. and State Street Corporation.
Performance data quoted represents past performance, which is no guarantee of future results. current performance may be lower or higher than the performance quoted. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund’s maximum front-end sales load of 3.75%--had it been included, the Fund’s return would have been lower. Calendar year returns measure net investment income and capital gain or loss from portfolio investments for each period specified. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions. The Fund also offers Class B and C Shares, the performance of which may vary. As of the prospectus dated 2/29/12, the Fund’s gross expense ratios for Class A shares is 0.97%; Class B and C shares is 1.72%; Class I shares is 0.72%.
The offering price for Class I shares is the NAV per share with no initial sales charge. There are no contingent deferred sales charges or distribution or service fees with respect to Class I shares. The minimum initial investment required to purchase each Fund’s Class I shares is $1 million. Class I shares are offered primarily for direct investment by investors through certain tax-exempt retirement plans (including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans, defined benefit plans and non qualified deferred compensation plans) and by institutional clients, provided such plans or clients have assets of at least $1 million. Class I shares may also be offered to certain other entities or programs, including, but not limited to, investment companies, under certain circumstances
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Barclays U.S. Aggregate Bond Index-Is an unmanaged index covering the USD-denominated, investment-grade, fixed-rate, taxable-bond market of SEC-registered securities. The index includes bonds from the Treasury, Government-Related, Corporate, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS and CMBS sectors. U.S. Agency Hybrid Adjustable Rate Mortgage (ARM) securities were added to the U.S. Aggregate Index on April 1, 2007. The U.S. Aggregate Index is a component of the U.S. Universal Index in its entirety.
The Fund’s investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2015 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B and Class C are limited to:
0.90%, 1.65% and 1.65% of average net assets respectively for the Calamos Total Return Bond Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2013 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions. Class A shares load-adjusted returns are adjusted for the maximum front-end sales load of 3.75%. The Funds also offer Class B and C shares, the performance of which may vary. Performance shown reflects an expense reimbursement that improved results.
The Fund's gross expense ratio is 0.99% as of the prospectus dated 3/1/2013.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Sector Weightings
AS OF 3/31/13
|
|
% of Assets
|
|
Industrials
|
15.4%
|
|
Information Technology
|
14.7%
|
|
Health Care
|
12.6%
|
|
Consumer Discretionary
|
11.3%
|
|
Sovereign Bonds
|
9.1%
|
|
Materials
|
7.5%
|
|
Energy
|
6.9%
|
|
Other
|
5.3%
|
|
Financials
|
5.2%
|
|
Consumer Staples
|
4.1%
|
|
Telecommunication Services
|
0.3%
|
|
Utilities
|
0.3%
|
|
Index Options
|
0.1%
|
Asset Allocation
AS OF 3/31/13
Month-End Yield
AS OF 5/31/13
| SEC Yield |
0.77% |
| Distribution Rate |
2.39% |
|
Company
|
Security Type
|
Industry
|
%
|
|
Kingdom of Norway
|
|
Other
|
4.0%
|
|
United States Treasury Note 0.250%, 01/15/2015
|
US Government Securities
|
Other
|
3.7%
|
|
Government of Canada
|
|
Other
|
3.0%
|
|
United States Treasury Note 0.250%, 11/30/13
|
US Government Securities
|
Other
|
2.1%
|
|
Government of New Zealand
|
|
Other
|
2.0%
|
|
eBay, Inc.
|
Corporate Bonds
|
Internet Software & Services
|
1.5%
|
|
Symantec Corp.
|
Corporate Bonds
|
Systems Software
|
1.4%
|
|
United States Treasury Note 2.625%, 07/31/2014
|
US Government Securities
|
Other
|
1.4%
|
|
Danaher Corp.
|
Corporate Bonds
|
Industrial Conglomerates
|
1.4%
|
|
United States Treasury Note 0.250%, 12/15/14
|
US Government Securities
|
Other
|
1.2%
|
|
Total
|
|
|
21.7%
|
Fund Facts
AS OF 3/31/13
|
Fund
|
| Total Net Assets |
$214.3 million |
| # of Holdings |
140 |
| Duration |
3.5 years |
| Median Investment Premium |
9.3% |
| Median Conversion Premium |
49.7% |
| Turnover |
33.9% |
| Debt/Capital |
41.5% |
| ROIC |
14.3% |
| Portfolio Turnover (12 months) |
33.9% |
Regional Exposure
AS OF 3/31/13
| North America |
87.0% |
| Europe |
10.4% |
| Asia/Pacific |
2.0% |
| Middle East/Africa |
0.7% |
| Latin America |
0.0% |
Country Exposure
AS OF 3/31/13
| United States | 81.0% |
| Canada | 6.0% |
| Norway | 4.0% |
| United Kingdom | 3.0% |
| Switzerland | 2.4% |
| New Zealand | 2.0% |
| Israel | 0.7% |
| Germany | 0.5% |
| Belgium | 0.5% |
| Brazil | 0.0% |
Currency Exposure
AS OF 3/31/13
|
United States Dollar (USD)
|
89.4%
|
|
Norwegian Krone (NOK)
|
4.1%
|
|
Canadian Dollar (CAD)
|
3.1%
|
|
New Zealand Dollar (NZD)
|
2.1%
|
|
China Renminbi (Yuan) (CNY)
|
1.3%
|
Credit Quality of Bonds
AS OF 3/31/13
| AAA |
12.0% |
| AA |
12.9% |
| A |
25.5% |
| BBB |
39.7% |
| BB |
9.9% |
| B |
0.0% |
| CCC and below |
0.0% |
| Unrated Securities |
0.0% |
Maturity Schedule
AS OF 3/31/13
|
1 To 5 Years
|
66.1%
|
|
5 To 10 Years
|
22.3%
|
|
< 1 Year
|
6.4%
|
|
20 To 30 Years
|
2.6%
|
|
Equities & Other
|
2.5%
|
|
10 To 20 Years
|
0.1%
|
|
> 30 Years
|
0.0%
|
Bond Duration
AS OF 3/31/13
| Weighted Avg. Duration |
3.5 years |
| Weighted Avg. Maturity |
6.4 years |
1Top 10 Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government / sovereign bonds or broad based index hedging securities the portfolio may hold. You can obtain a complete listing of holdings by visiting www.calamos.com.
Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
Important Fund Information.
Bond credit quality allocation reflects the higher of the ratings of Standards & Poor’s Corporation or Moody’s Investors Service, Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). In addition, CAL has assigned its own ranking to the “unrated bonds” based on its fundamental and proprietary investment process and has years of experience actively managing risk. The security’s credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund’s Statement of Additional Information at calamos.com. Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown.
Barclays U.S. Aggregate Bond Index—Covers the US denominated, investment-grade, fixed-rate, taxable bond market of SEC-registered securities. The index includes bonds from the Treasury, Government-Related, Corporate, MBS (agency fixed-rate and hybrid ARM past throughs), ABS, and CMBS sectors. Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index. Effective Duration—Measures the responsiveness of a bond’s price to interest rate changes. This is a duration measure in which recognition is given to the fact that yield changes may change the expected cash flows.
Lipper Intermediate Investment Grade Debt Funds—Represents funds that invest primarily in investment-grade debt issues (rated in the top four grades) with dollar-weighted average maturities of five to 10 years.
Weighted Average Life—Refers to the weighted average time to receive all future cash flows on a security. For bonds without embedded prepayment options or sinking funds, the weighted average life is equal to the years to maturity.
Important Risk Information. An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). the Fund. There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The Fund also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus.
The principal risks of investing in the Calamos Total Return Bond Fund include: interest rate risk, credit risk, high yield risk, liquidity risk, mortgage-related and other asset-back securities risk, including extension risk and prepayment risk, U.S. Government security risk, foreign securities risk, non-U.S. Government obligation risk and portfolio selection risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
Before investing, carefully consider the Fund’s investment objectives, risks, charges and expenses. Contact 800.582.6959 for a prospectus containing this and other information. Read it carefully.
Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown.
The Fund’s investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2015 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B and Class C are limited to:
0.90%, 1.65% and 1.65% of average net assets respectively for the Calamos Total Return Bond Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2013 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions. Class A shares load-adjusted returns are adjusted for the maximum front-end sales load of 3.75%. The Funds also offer Class B and C shares, the performance of which may vary. Performance shown reflects an expense reimbursement that improved results.
The Fund's gross expense ratio is 0.99% as of the prospectus dated 3/1/2013.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Total Capital Gains
| | |
| 2011 | 0.0386 |
| 2010 | 0.0943 |
| 2009 | 0.2021 |
| 2008 | 0.2923 |
Schedule
| |
|
| Distributions |
Monthly |
| Capital Gains |
Annually |
Distributions
Choose a year
| May | .01708 | .01708 | 10.94 |
| April | .01780 | .01780 | 11.05 |
| March | .01749 | .01749 | 10.99 |
| February | .01880 | .01880 | 10.98 |
| January | .02111 | .02111 | 11.01 |
| December | .06138 | .11018 | 11.05 |
| November | .01710 | .01710 | 11.14 |
| October | .01852 | .01852 | 11.15 |
| September | .01744 | .01744 | 11.16 |
| August | .01723 | .01723 | 11.12 |
| July | .02038 | .02038 | 11.08 |
| June | .01764 | .01764 | 11.00 |
| May | .01768 | .01768 | 10.95 |
| April | .01752 | .01752 | 11.07 |
| March | .01791 | .01791 | 11.04 |
| February | .01779 | .01779 | 11.10 |
| January | .01856 | .01856 | 11.04 |
| December | .11621 | .15479 | 10.92 |
| November | .01871 | .01871 | 11.04 |
| October | .01877 | .01877 | 11.14 |
| September | .01832 | .01832 | 10.97 |
| August | .01785 | .01785 | 11.24 |
| July | .01845 | .01845 | 11.27 |
| June | .02245 | .02245 | 11.14 |
| May | .01937 | .01937 | 11.19 |
| April | .02026 | .02026 | 11.17 |
| March | .02195 | .02195 | 11.00 |
| February | .02336 | .02336 | 11.00 |
| January | .02383 | .02383 | 10.95 |
| December | .05084 | .05084 | 10.93 |
| November | .02652 | .02652 | 11.07 |
| October | .02516 | .02516 | 11.23 |
| September | .02558 | .02558 | 11.18 |
| August | .02525 | .02525 | 11.03 |
| July | .02812 | .02812 | 11.01 |
| June | .02570 | .02570 | 10.82 |
| May | .02602 | .02602 | 10.77 |
| April | .02697 | .02697 | 10.89 |
| March | .02677 | .02677 | 10.82 |
| February | .02671 | .02671 | 10.84 |
| January | .02959 | .02959 | 10.83 |
| December | .29224 | .29224 | 10.74 |
| November | .02727 | .02727 | 11.18 |
| October | .02758 | .02758 | 11.06 |
| September | .02821 | .02821 | 11.05 |
| August | .02971 | .02971 | 10.97 |
| July | .03111 | .03111 | 10.90 |
| June | .03192 | .03192 | 10.67 |
| May | .02630 | .02630 | 10.62 |
| April | .02661 | .02661 | 10.58 |
| March | .02578 | .02578 | 10.51 |
| February | .03013 | .03013 | 10.39 |
| January | .03013 | .03013 | 10.39 |
| December | 0.09384 | 0.09384 | 10.5 |
| November | 0.03431 | 0.03431 | 10.16 |
| October | 0.02986 | 0.02986 | 9.82 |
| September | 0.02783 | 0.02783 | 10.07 |
| August | 0.02686 | 0.02686 | 10.22 |
| July | 0.02598 | 0.02598 | 10.17 |
| June | 0.02611 | 0.02611 | 10.19 |
| May | 0.02562 | 0.02562 | 10.26 |
| April | 0.02403 | 0.02403 | 10.41 |
| March | 0.02773 | 0.02773 | 10.49 |
| February | 0.02527 | 0.02527 | 10.49 |
| January | 0.03105 | 0.03105 | 10.44 |
| December | 0.03918 | 0.03918 | 10.31 |
| November | 0.09771 | 0.09771 | 10.32 |
| October | 0.03942 | 0.03942 | 10.25 |
| September | 0.03123 | 0.03123 | 10.2 |
For more information about the Funds such as sector weightings, top holdings, credit ratings and distribution rates, please contact Client Services at 800-582-6959.
Each Fund is a series of Calamos Investment Trust. The investment adviser to the Funds is Calamos Advisors LLC. The Calamos Family of Funds offers a range of investment strategies for individual investors with diverse investment objectives and needs. For more information on the Funds, please call 800-582-6959.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
The Fund’s investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2015 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B and Class C are limited to:
0.90%, 1.65% and 1.65% of average net assets respectively for the Calamos Total Return Bond Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2013 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions. Class A shares load-adjusted returns are adjusted for the maximum front-end sales load of 3.75%. The Funds also offer Class B and C shares, the performance of which may vary. Performance shown reflects an expense reimbursement that improved results.
The Fund's gross expense ratio is 0.99% as of the prospectus dated 3/1/2013.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Annual Expenses
|
A Shares |
B Shares |
C Shares |
I Shares |
|---|
| Total Expense Ratio | 0.99 | 1.74 | 1.74 | 0.74 |
| Net Expense Ratio | 0.91 | 1.66 | 1.66 | 0.66 |
| Transaction Fee | 0.00 | 0.00 | 0.00 | 0.00 |
| Redemption Fee | 0.00 | 0.00 | 0.00 | 0.00 |
Investment Information
|
A Shares |
B Shares |
C Shares |
I Shares |
|---|
| Minimum initial investment | $2,500 | $2,500 | $2,500 | $1 million |
| Minimum subsequent investments | $50 | $50 | $50 | $0 |
| IRA initial investments | $500 | $500 | $500 | N/A |
Fund Information
|
A Shares |
B Shares |
C Shares |
I Shares |
|---|
| Inception Date | 6/27/07 | 6/27/07 | 6/27/07 | 6/27/07 |
| Ticker Symbol | CTRAX | CTXBX | CTRCX | CTRIX |
| CUSIP number | 128119310 | 128119294 | 128119286 | 128119278 |
Sales & Distribution
|
A Shares |
B Shares |
C Shares |
I Shares |
|---|
| Sales load | Front-end | Back-end | Level-load | N/A |
| Maximum Sales Charge | 3.75% | 3.50% | 1.00% | N/A |
| US Bank Fund Number | 1929 | 1930 | 1931 | 1932 |
| Distributions | Monthly dividends; annual capital gains |
For more information about the Funds such as sector weightings, top holdings, credit ratings and distribution rates, please contact Client Services at 800-582-6959.
Each Fund is a series of Calamos Investment Trust. The investment adviser to the Funds is Calamos Advisors LLC. The Calamos Family of Funds offers a range of investment strategies for individual investors with diverse investment objectives and needs. For more information on the Funds, please call 800-582-6959.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
The Fund’s investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2015 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B and Class C are limited to:
0.90%, 1.65% and 1.65% of average net assets respectively for the Calamos Total Return Bond Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2013 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions. Class A shares load-adjusted returns are adjusted for the maximum front-end sales load of 3.75%. The Funds also offer Class B and C shares, the performance of which may vary. Performance shown reflects an expense reimbursement that improved results.
The Fund's gross expense ratio is 0.99% as of the prospectus dated 3/1/2013.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Literature
Total Return Bond Fund Quarterly Commentary A quarterly update of the Calamos Total Return Bond Fund’s performance, positioning, related market commentary and outlook. Calamos Total Return Bond Fund Fact Sheet The Total Return Bond Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns. Summary Prospectus (Class A, B, C) This summary contains important information about the Class A, B and C Total Return Bond Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance. Summary Prospectus (Class I,R) This summary contains important information about the Class I and R Total Return Bond Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance. Statutory Prospectus (Class A, B, C) You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities. Statutory Prospectus (Class I, R) You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities. SAI The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations. Semiannual Report The semiannual report includes a letter from John P. Calamos, Sr. to shareholders and provides a comprehensive review of the fund’s activities and financial performance over a six month period. Annual Report The annual report includes a letter from John P. Calamos, Sr. to shareholders outlining the fund's performance, as well as a comprehensive review of the fund’s activities and financial performance.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
The Fund’s investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2015 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B and Class C are limited to:
0.90%, 1.65% and 1.65% of average net assets respectively for the Calamos Total Return Bond Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2013 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions. Class A shares load-adjusted returns are adjusted for the maximum front-end sales load of 3.75%. The Funds also offer Class B and C shares, the performance of which may vary. Performance shown reflects an expense reimbursement that improved results.
The Fund's gross expense ratio is 0.99% as of the prospectus dated 3/1/2013.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.