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Trending ETFs

Calamos Short-Term Bond Fund

mutual fund
CSTIX
Payout Change
Pending
Price as of:
$9.49 -0.01 -0.11%
primary theme
U.S. Short-Term Bond Duration
share class
CSTIX (Mutual Fund)

Calamos Short-Term Bond Fund

Payout Change
Pending
Price as of:
$9.49 -0.01 -0.11%
primary theme
U.S. Short-Term Bond Duration
share class
CSTIX (Mutual Fund)

Calamos Short-Term Bond Fund

Payout Change
Pending
Price as of:
$9.49 -0.01 -0.11%
primary theme
U.S. Short-Term Bond Duration
share class

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.49

$367 M

4.60%

$0.44

0.39%

Vitals

YTD Return

5.6%

1 yr return

5.1%

3 Yr Avg Return

2.5%

5 Yr Avg Return

2.4%

Net Assets

$367 M

Holdings in Top 10

11.3%

52 WEEK LOW AND HIGH

$9.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 44.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.49

$367 M

4.60%

$0.44

0.39%

CSTIX - Profile

Distributions

  • YTD Total Return 5.6%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.73%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Calamos Short-Term Bond Fund
  • Fund Family Name
    Calamos Family of Funds
  • Inception Date
    Sep 18, 2018
  • Shares Outstanding
    39795665
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Saf

Fund Description

Calamos Short-Term Bond Fund

Effective August 1, 2024, with regard to the Calamos Short-Term Bond Fund (the “Short-Term Bond Fund”), the first sentence under “Principal Investment Strategies” on page 119 of the statutory prospectus is hereby replaced with the following:

The Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in a broad range of debt securities that have a dollar weighted average portfolio duration of three years or less.

Effective August 1, 2024, for the Short-Term Bond Fund, the second paragraph under “Principal Investment Strategies” on page 119 of the statutory prospectus is hereby replaced with the following:

The Fund will invest primarily in investment grade debt securities (those rated BBB or higher by S&P, or Baa or higher by Moody’s), which include securities issued or guaranteed by the U.S. government, its agencies and instrumentalities, as well as securities rated or subject to a guarantee that is rated within the investment grade categories listed by at least one of the Nationally Recognized Statistical Rating Organizations (NRSROs). In addition, the Fund may invest up to 25% of its net assets in below investment grade debt securities, which are sometimes referred to as high yield or “junk” bonds, which include bonds, bank loans and preferred securities. Junk bonds are securities rated BB or lower by S&P, or Ba or lower by Moody’s or securities that are not rated but are considered by the Fund’s investment adviser to be of similar quality. The Fund may not acquire debt securities that are rated lower than C.

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CSTIX - Performance

Return Ranking - Trailing

Period CSTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -0.8% 18.1% 14.40%
1 Yr 5.1% -0.5% 19.0% 33.78%
3 Yr 2.5%* -5.5% 5.5% 11.74%
5 Yr 2.4%* -4.1% 5.0% 17.70%
10 Yr N/A* -18.6% 170.5% N/A

* Annualized

Return Ranking - Calendar

Period CSTIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.6% -1.6% 7.6% 58.46%
2022 -5.5% -17.7% -2.6% 18.98%
2021 -3.1% -4.0% 4.4% 97.79%
2020 0.6% -7.1% 7.6% 86.83%
2019 1.3% -2.3% 9.3% 84.04%

Total Return Ranking - Trailing

Period CSTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -0.8% 18.1% 14.40%
1 Yr 5.1% -0.5% 19.0% 33.78%
3 Yr 2.5%* -5.5% 5.5% 11.74%
5 Yr 2.4%* -4.1% 5.0% 17.70%
10 Yr N/A* -18.6% 170.5% N/A

* Annualized

Total Return Ranking - Calendar

Period CSTIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% 1.8% 15.2% 16.92%
2022 -2.5% -17.3% -1.3% 2.15%
2021 0.3% -2.7% 7.7% 36.62%
2020 4.2% -2.4% 14.5% 48.77%
2019 4.9% 0.6% 12.6% 41.28%

NAV & Total Return History


CSTIX - Holdings

Concentration Analysis

CSTIX Category Low Category High CSTIX % Rank
Net Assets 367 M 14.5 K 58.2 B 76.25%
Number of Holdings 486 2 8314 46.36%
Net Assets in Top 10 41.5 M 1.05 M 6.81 B 84.67%
Weighting of Top 10 11.32% 2.0% 108.1% 86.59%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 3.39%
  2. U.S. Treasury Notes 3.29%
  3. U.S. Treasury Notes 0.79%
  4. MMAF Equipment Finance LLC 2023-A 0.55%
  5. Credit Acceptance Auto Loan Trust 2024-1 0.55%
  6. Porsche Financial Auto Securitization Trust 2023-2 0.55%
  7. Toyota Auto Loan Extended Note Trust 2023-1 0.55%
  8. USAA Auto Owner Trust 2024-A 0.55%
  9. Ford Credit Auto Owner Trust 2024-REV1 0.55%
  10. DLLAD 2023-1 LLC 0.55%

Asset Allocation

Weighting Return Low Return High CSTIX % Rank
Bonds
78.52% 0.00% 131.65% 71.65%
Other
19.79% -0.97% 73.75% 19.92%
Cash
3.39% -20.59% 68.64% 38.89%
Convertible Bonds
2.78% 0.00% 27.71% 44.72%
Stocks
0.00% 0.00% 99.96% 61.11%
Preferred Stocks
0.00% 0.00% 24.12% 58.81%

Bond Sector Breakdown

Weighting Return Low Return High CSTIX % Rank
Corporate
63.67% 0.00% 99.82% 12.28%
Securitized
17.14% 0.00% 97.27% 76.39%
Government
12.64% 0.00% 73.63% 63.34%
Municipal
4.07% 0.00% 14.41% 3.65%
Cash & Equivalents
3.39% 0.00% 68.64% 35.63%
Derivative
-0.16% -0.72% 25.70% 95.98%

Bond Geographic Breakdown

Weighting Return Low Return High CSTIX % Rank
US
78.52% 0.00% 126.86% 69.16%
Non US
0.00% 0.00% 87.70% 58.43%

CSTIX - Expenses

Operational Fees

CSTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.01% 3.29% 80.77%
Management Fee 0.30% 0.00% 1.19% 43.87%
12b-1 Fee N/A 0.00% 1.00% 2.47%
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

CSTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

CSTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CSTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 44.00% 2.00% 500.00% 24.89%

CSTIX - Distributions

Dividend Yield Analysis

CSTIX Category Low Category High CSTIX % Rank
Dividend Yield 4.60% 0.00% 11.11% 39.27%

Dividend Distribution Analysis

CSTIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

CSTIX Category Low Category High CSTIX % Rank
Net Income Ratio 1.73% -1.27% 4.98% 18.13%

Capital Gain Distribution Analysis

CSTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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CSTIX - Fund Manager Analysis

Managers

John Saf


Start Date

Tenure

Tenure Rank

Sep 19, 2018

3.7

3.7%

John Saf joined CALAMOS ADVISORS in 2017 as a Co-Portfolio Manager. Previously, he was managing director and portfolio manager at Oppenheimer Investment Management since 2006.

R. Matthew Freund


Start Date

Tenure

Tenure Rank

Sep 19, 2018

3.7

3.7%

As a Co-Chief Investment Officer, Matt Freund is responsible for oversight of investment team resources, investment processes, performance and risk. As Head of Fixed Income Strategies, he manages investment team members and has portfolio management responsibilities. He is also a member of the Calamos Investment Committee, which is charged with providing a top-down framework, maintaining oversight of risk and performance metrics, and evaluating investment process. Matt joined Calamos in 2016 and has more than 30 years of industry experience. Prior to joining Calamos, he was Chief Investment Officer of USAA Investments, leading the teams responsible for the portfolio management of USAA’s mutual funds and affiliated portfolios, including P&C and life insurance products, and overseeing more than $140 billion in assets. During this time, he also served as lead portfolio manager for several highly regarded fixed income mutual funds. Earlier in his career, Matt served as a senior investment analyst for MetLife in the Capital Markets Group. He received a BA in Accounting from Franklin & Marshall College and an MBA from Indiana University.

Chuck Carmody


Start Date

Tenure

Tenure Rank

Sep 19, 2018

3.7

3.7%

Chuck Carmody joined CALAMOS ADVISORS in 2004 and since February 2016 is a Co-Portfolio Manager, as well as a Senior Fixed Income Trader. From January 2010 to February 2016 he was a Senior Trader.

John Calamos


Start Date

Tenure

Tenure Rank

Sep 19, 2018

3.7

3.7%

John Calamos is Chairman and Global CIO of Calamos Investments, the firm he founded in 1977. With origins as an institutional convertible bond manager, Calamos Investments has grown into a global asset management firm with institutional and individual clients worldwide. Headquartered in the Chicago metropolitan area, the firm also has offices in New York, San Francisco, Milwaukee and the Miami area. Mr. Calamos established research and investment processes centered around a team-based approach designed to deliver superior risk-adjusted performance over full market cycles through a range of U.S. and global investment solutions including equity, fixed income, convertible and alternative strategies. As a pioneer in convertible securities, Calamos launched one of the first convertible funds in 1985 as a way to manage risk for clients in volatile times. He also established one of the first liquid alternative funds in 1990, reflecting a focus on innovation that continues to this day. Mr. Calamos has built a reputation for using investment techniques to control risk, preserve capital and build wealth for clients over the long term. With more than 50 years of industry experience, he is often quoted as an authority on risk-managed investment strategies, markets, and the economy. He is a frequent speaker at investment conferences around the world and appears regularly on CNBC, Bloomberg TV and Fox Business Channel. He has authored two books, Investing in Convertible Securities: Your Complete Guide to the Risks and Rewards and Convertible Securities: The Latest Instruments, Portfolio Strategies, and Valuation Analysis.   Prior to entering the investment industry, Mr. Calamos served in the United States Air Force. During the Vietnam War, he served as a Forward Air Controller, with responsibilities for guiding accurate air strikes and preventing injuries to friendly troops. His squadron was the first to fly the Cessna O-2, an aircraft in which he recorded over 400 missions in combat. Captain Calamos was awarded the Distinguished Flying Cross for “extraordinary achievement while participating in aerial flight under heavy hostile attack.” His Air Force career included five years of active duty flying B-52 bombers and twelve years in the Reserves flying A-37 jet fighters. He retired as a Major.   The son of Greek immigrants, Mr. Calamos is an active philanthropist supporting educational institutions and Hellenic organizations. He serves as Chairman of the Board of Directors for the National Hellenic Museum in Chicago. He is an investment committee member of the Faith Endowment, and a supporting member of the National Hellenic Society, Leadership 100 and The Hellenic Initiative. He received a B.A. in Economics and an M.B.A. in Finance from Illinois Tech, where he established Endowed Chairs in Philosophy and Business and is also a member of the Board of Trustees. He received an Honorary Doctorate in Humanities from Hellenic College Holy Cross.

Christian Brobst


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.16 2.41