CTRAX : Calamos Total Return Bond Fund Class A

Fund Summary

The investment seeks total return, consistent with preservation of capital and prudent investment management. The fund normally invests at least 80% of its net assets (plus any borrowings) in a diversified portfolio of fixed-income instruments of varying maturities, including derivative instruments with economic characteristics similar to fixed-income instruments. It may invest up to 25% of its net assets in high yield debt securities, often referred to as "junk bonds." The fund may invest up to 35% of its net assets in foreign securities.