Fund Evaluator:

Calamos Growth and Income R6 Overview

Calamos Growth and Income R6 (CGIOX) is an actively managed Allocation Moderately Aggressive Allocation fund. Calamos launched the fund in 2020.

The investment seeks high long-term total return through growth and current income. The fund invests primarily in a diversified portfolio of convertible, equity and fixed-income securities of U.S. companies without regard to market capitalization. The Advisor attempts to utilize these different types of securities to strike, in the investment adviser's opinion, the appropriate balance between risk and reward in terms of growth and income. The fund may also invest in foreign securities that are represented in the United States securities markets by ADRs or similar depository arrangements.

About Calamos Growth and Income R6 (CGIOX)

There are 7 members of the management team with an average tenure of 17.18 years: Jon Vacko (2004), John Hillenbrand (2004), Dino Dussias (2023), Joe Wysocki (2015), Eli Pars (2013), John Calamos (1988), R. Matthew Freund (2016). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and ICE BofA US Convts exMand TR USD index with a weighting of 100%. Calamos Growth and Income R6 has 157 securities in its portfolio. The top 10 holdings constitute 37.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Calamos Growth and Income R6 is part of the Allocation global asset class and is within the Allocation fund group. Calamos Growth and Income R6 has 0.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 75.2%. There is 0.9% allocated to foreign stock, and 2.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 18.6% convertible bond). Calamos Growth and Income R6 has 2.5% of the portfolio in cash.

Assets Under Management

The fund has $49 million in total assets, which is below the $570 million average for the Moderately Aggressive Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

CGIOX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Calamos Growth and Income R6 expense ratio is above average compared to funds in the Moderately Aggressive Allocation category. Calamos Growth and Income R6 has an expense ratio of 0.73%, which is 29% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Calamos Growth and Income R6 has a portfolio turnover rate of 36%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 34% for the Moderately Aggressive Allocation category.

Recently, in the month of July 2026, Calamos Growth and Income R6 returned -1.2%, which earned it a grade of F, as the Moderately Aggressive Allocation category had an average return of -0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Calamos Growth and Income R6 has a trailing yield of 0.44%, which is below the 1.47% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Calamos Growth and Income R6 Grades

Year to date, the fund has returned 10.0%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 18.9% over the past year (grade of B), 17.6% over the past three years (grade of A) and 10.6% per year over the past five years (grade of A) and 12.9% per year over the past 10 years (grade of A).

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