Calamos Growth And Income Fund Q1 2025 Commentary

Summary

• For the quarter ended March 31, 2025, Calamos Growth and Income Fund returned -4.69% (Class I shares at NAV) compared with the S&P 500 Index return of -4.27%.
• Calamos Growth and Income Fund invests primarily in US equities, convertibles, fixed-income securities, and options, endeavoring to balance risk/reward while providing growth and income.
• The new administration’s policies concerning tariffs, government spending, taxation, immigration, and foreign policy have caused growth concerns at the consumer, corporate, and investor levels.

Sorapop

Summary

• Calamos Growth and Income Fund invests primarily in US equities, convertibles, fixed-income securities, and options, endeavoring to balance risk/reward while providing growth and income.
• The first quarter of 2025 demonstrated how rapidly policy uncertainty can transform market