CMNIX: A Steady Hand In Volatile Markets

Calamos Investments568 FollowersFollow5ShareSavePlay(8min)CommentsSummaryCalamos Market Neutral Income Fund seeks to provide steady performance regardless of the direction of the equity market or interest rates, which we believe makes it an especially compelling alternative for investors today.In a quarter when equities fell significantly (one of the three worst quarters for the S&P 500 since the Covid selloff of 1Q 2020) and the bond market flip-flopped over the direction of interest rates, we believe the Fund’s positive absolute performance demonstrates the value of our steady hand.The Fund’s core strategies - convertible arbitrage and hedged equity—were both additive over the quarter, as were the Fund’s allocations to merger arbitrage and special purpose acquisition company arbitrage. vadishzainer/iStock via Getty Images By Jason Hill The first quarter of 2026 unfolded against a backdrop of notable equity market volatility, geopolitical tension, and a fixed-income market that continued to recalibrate around Federal Reserve policy. The S&P 500 declined 4.3% during the quarterThis article was written byCalamos Investments568 FollowersFollowCalamos Investments is a diversified global investment firm offering innovative investment strategies including U.S. growth equity, global equity, convertible, multi-asset and alternatives. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, an exchange traded fund and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in London, New York and San Francisco. For more information, please visit www.calamos.com.