Calamos Market Neutral Income A (CVSIX - Free Report) a Zacks Ranked #2 (Buy) was incepted in September 1990 and is managed by Calamos Asset Management, Inc. CVSIX seeks high current income consistent with stability of principal. CVSIX invests mainly in convertible securities and employs short selling to enhance income and hedge against market risk. These convertible securities may be either debt securities or preferred stocks that can be exchanged for common stock. CVSIX may invest without limit in high yield fixed-income securities (often referred to as ''junk bonds'').
This Market Neutral fund, as of the last filing, allocates their fund in two major groups; Large Value, Foreign Bond and Large Growth. Further, as of the last filing, Apple Inc, Electronic Arts Inc and SanDisk Corporation were the top holdings for CVSIX.
Calamos Market Neutral Income A, managed by Calamos, carries an expense ratio of 1.23. Moreover, CVSIX requires a minimal initial investment of $2,500.
CVSIX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.64% and 5 year 4.51%. To see how this fund performed compared in its category, please click here.
CVSIX’s performance, as of the last filing, when compared to funds in its category was in the top 14% in 1 year, top 92% over the past 3 years, and in the 90% over the past 5 years.
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