- High-quality portfolio, managed by an experienced team according to a risk-conscious approach- Total annual operating expenses for Class A shares are capped at 52 basis points, highly competitive versus top government money market funds- Exchange features provide enhanced convenience to shareholders in Calamos Funds NAPERVILLE, Ill., March 3 /PRNewswire-FirstCall/ -- Calamos Investmentsannounces the launch of Class A, B and C shares of Calamos Government MoneyMarket Fund. Class I shares, designed primarily for institutionalinvestors, were launched on May 16, 2007. "Liquidity, low risk, and performance are principal considerations forinstitutional and retail clients alike, and we believe Calamos GovernmentMoney Market is well positioned to address those needs. The addition ofretail share classes provides more investors with access to Calamos'experienced team and to our risk-conscious approach to cash management,"said John P. Calamos, Sr., chairman, chief executive officer, and co-chiefinvestment officer of Calamos Investments. Calamos Government Money Market Fund seeks maximum current incomeconsistent with liquidity and stability of capital. The Fund investsexclusively in U.S. Government obligations, including U.S. Treasury bills,notes, bonds and other obligations issued or guaranteed by the U.S.Government, its agencies or instrumentalities, and repurchase agreementsbacked by such obligations. "In recent months, several money market funds have come under pressurefor taking on added risk. We believe recent market conditions underscorethe potential benefits of a cash management solution that follows ahigh-quality, truly risk-conscious mandate, as does Calamos GovernmentMoney Market Fund," said John P. Calamos, Sr. The Fund draws upon the contributions and experience of a deep team ofinvestment professionals. Within the portfolio management team, four seniormembers have primary and supervisory responsibility for the Fund: Co-ChiefInvestment Officers John P. Calamos, Sr. and Nick P. Calamos, CFA; Directorof Fixed Income Matthew Toms, CFA; and Senior Strategy Analyst FrankRachwalski, CFA. John P. Calamos, Sr., is chairman, chief executive officer and co-chiefinvestment officer of the firm he founded in 1977, which he took public asCalamos Asset Management in 2004. Nick P. Calamos, CFA, is senior executivevice president, co-chief investment officer and head of investments. Matthew Toms, CFA, is a senior vice president and director of fixedincome. Joining Calamos Investments in 2007, Mr. Toms has 13 years ofexperience in fixed-income portfolios across multiple strategies, includingcore, core plus, high-yield and global bond portfolios, and has beenresponsible for the generation and implementation of investment strategiesacross all sectors of the global bond markets. Frank Rachwalski, CFA, is a senior vice president and senior strategyanalyst. Mr. Rachwalski contributes more than 30 years of fixed-incomeexperience, including senior management and research positions in which hewas responsible for managing more than $40 billion in taxable, tax-exempt,government and non-government money market mutual funds. He joined CalamosInvestments in 2007. Calamos Government Money Market Fund's expense ratio seeks to be highlycompetitive with other top government money market funds. The total annualoperating expenses for the Fund's Class A shares are not to exceed 0.52%,below the average for the Lipper U.S. Government Money Funds peer group.This adherence to low expenses is designed to help the Fund maintain afavorable yield. Investors may purchase Class A, Class B and Class C shares of the Fundby exchanging Class A, Class B and Class C shares, respectively, of anotherfund in the Calamos Family of Funds. The minimum initial direct investmentfor Class A shares of the Fund is $2500. For certain qualified retirementplans, such as individual retirement accounts, the minimum initialinvestment is $500. The minimum subsequent investment in Class A shares ofthe Fund is $50. Direct investments into Class B and C shares are permittedunder systematic investment plans only. The Fund received a rating of "AAAm" from Standard & Poor's and arating of "Aaa" from Moody's. The Standard & Poor's rating indicates theagency's opinion that the Fund offers extremely strong capacity to maintainprincipal stability and to limit exposure to loss due to credit, marketand/or liquidity risks. The Moody's rating reflects Moody's opinion of thestrong overall credit quality of the Fund's investments, the highly liquidportfolio structure, the conservative investment guidelines and practicesof the advisor, the Fund's effective operating controls and complianceprocedures. Standard & Poor's and Moody's Investors Service fund ratingsrepresent opinions only and are not a recommendation to buy or sell.
Calamos Government Money Nasdaq Symbol CUSIP Number Market Fund Class A CVAXX 128119252 Class B CVBXX 128119245 Class C CVCXX 128119237 Class I CGIXX 128119328 To learn more about Calamos Government Money Market Fund and theCalamos Family of Funds, visit us on the web at
Calamos Investments Launches Retail Share Classes of Calamos Government Money Market Fund
March 05, 2008, 10:25 p.m. EST 5 Min Read
