CAHEX Performance — Calamos Hedged Equity Fund, Class A
Data updated: 2026-09-29
CAHEX returned +5.91% year to date and +11.53% over one year to Jul 2026. Annualised returns are +11.92% over 3 years and +7.65% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $140, against $153 for the category, and to $112 over one year, against $116. Volatility over the past three years was 7.02% a year. In the 12 months to Jul 2026 the fund took in a net $34.3M, and assets reached $871.70M.
CAHEX Growth of $100
What $100 invested in Calamos Hedged Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | CAHEX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $112 | $116 |
| 3 years (Aug 2023 – Jul 2026) | $140 | $153 |
| 5 years (Aug 2021 – Jul 2026) | $145 | $159 |
| Since data start (Aug 2019 – Jul 2026) | $179 | $226 |
CAHEX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.91% |
| 1 year | +11.53% |
| 3 years (annualised) | +11.92% |
| 5 years (annualised) | +7.65% |
CAHEX Annual Returns
Calendar-year total returns of Calamos Hedged Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +5.91% |
| 2025 | +11.11% |
| 2024 | +14.66% |
| 2023 | +15.57% |
| 2022 | −11.30% |
| 2021 | +13.03% |
| 2020 | +9.29% |
| 2019 (Aug–Dec) | +4.69% |
CAHEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.9% | −0.8% | −2.3% | +5.3% | +3.3% | −0.8% | +0.4% | — | — | — | — | — |
| 2025 | +1.7% | −0.7% | −3.2% | −0.2% | +3.7% | +3.0% | +1.2% | +1.3% | +2.2% | +1.6% | +0.1% | 0.0% |
| 2024 | +0.9% | +3.0% | +1.8% | −2.0% | +2.5% | +2.2% | +1.0% | +1.7% | +1.6% | −0.6% | +2.9% | −1.1% |
| 2023 | +3.2% | −1.2% | +2.4% | +1.1% | +0.6% | +3.5% | +1.2% | −0.7% | −2.2% | −0.8% | +4.8% | +2.9% |
| 2022 | −2.1% | −2.2% | +1.0% | −5.1% | −0.4% | −5.0% | +4.7% | −2.1% | −4.9% | +4.1% | +3.5% | −2.6% |
| 2021 | −1.0% | +2.0% | +2.4% | +2.1% | +0.6% | +0.9% | +0.9% | +1.7% | −2.3% | +3.5% | −0.5% | +2.3% |
| 2020 | +0.1% | −3.8% | −5.9% | +7.0% | +1.7% | +1.8% | +1.6% | +3.3% | −1.5% | −1.8% | +5.5% | +1.7% |
| 2019 | — | — | — | — | — | — | — | −0.3% | +0.7% | +1.3% | +1.6% | +1.4% |
CAHEX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 7.02%
- 3-year Sharpe ratio: 1.06 (vs 4.5% risk-free rate)
- Best month: +5.34% (Apr 2026)
- Worst month: −3.21% (Mar 2025)
CAHEX Fund Flows
Monthly money in and out of Calamos Hedged Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $34.3M
- 12-month gross sales (incl. reinvestments): $249.0M
- Sales ÷ redemptions: 1.16×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $17.1M | $10.9M | $6.2M |
| Jun 2026 | $17.1M | $18.9M | −$1.9M |
| May 2026 | $23.2M | $24.0M | −$834K |
| Apr 2026 | $21.9M | $49.2M | −$27.2M |
| Mar 2026 | $36.4M | $12.1M | $24.3M |
| Feb 2026 | $36.8M | $10.5M | $26.3M |
| Jan 2026 | $22.2M | $20.7M | $1.4M |
| Dec 2025 | $17.0M | $9.4M | $7.6M |
| Nov 2025 | $14.8M | $7.2M | $7.6M |
| Oct 2025 | $18.1M | $13.5M | $4.6M |
| Sep 2025 | $12.7M | $15.8M | −$3.1M |
| Aug 2025 | $11.8M | $22.6M | −$10.8M |
CAHEX Assets Under Management
Net assets of Calamos Hedged Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $871.70M |
| 2026-04-30 | $844.67M |
| 2026-01-31 | $802.53M |
| 2025-10-31 | $779.01M |
| 2025-07-31 | $749.67M |
| 2025-04-30 | $697.24M |
| 2025-01-31 | $720.12M |
| 2024-10-31 | $697.43M |
| 2024-07-31 | $681.87M |
| 2024-04-30 | $652.44M |
| 2024-01-31 | $604.36M |
| 2023-10-31 | $560.96M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.