CPLIX Fees and Costs — Calamos Phineus Long/Short Fund, Class I
Data updated: 2026-09-29
The net expense ratio is 2.05%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5.9M in broker commissions, 0.5520% of average net assets, and portfolio turnover was 347%.
CPLIX Fees and Expenses
Annual operating expenses and sales charges of CPLIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.22% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 2.05% |
| Fee waiver | — |
| Net expense ratio | 2.05% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CPLIX Costs Over Time
On $10,000 invested in CPLIX, assuming 5% a year before costs, total costs come to $1,576 over 5 years, cutting the return by 2.73% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.05%) | $215 | $661 | $1,126 |
| Trading costs (broker commissions) | $58 | $178 | $303 |
| Lost growth on money paid in costs | $0 | $42 | $147 |
| Total costs | $273 | $880 | $1,576 |
| Value after costs | $10,227 | $10,696 | $11,187 |
| Impact on return, per year | 2.73% | 2.73% | 2.73% |
CPLIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.5520%
- Total broker commissions: $5.9M
- Bought from dealers (principal trades, not a cost): $73.0M
- Portfolio turnover (prospectus): 347%
- Securities on loan, average value: $24.6M
- Net income from securities lending: $154K (0.014% of average net assets)
CPLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2.4M | 43.63% |
| Goldman Sachs & Co. LLC | $683K | 12.53% |
| Morgan Stanley & Co. LLC | $644K | 11.83% |
| UBS Securities LLC | $423K | 7.77% |
| Jefferies LLC | $341K | 6.26% |
| Sanford C. Bernstein & Co., LLC | $233K | 4.27% |
| National Financial Services LLC | $231K | 4.24% |
| Barclays Capital Inc. | $206K | 3.79% |
| Nomura Securities International, Inc. | $167K | 3.06% |
| J.P. Morgan Securities LLC | $143K | 2.63% |
CPLIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $43.2M | 59.27% |
| BofA Securities, Inc. | $27.4M | 37.49% |
| Jane Street Execution Services, LLC | $2.4M | 3.24% |
Calamos Phineus Long/Short Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CPLIX | Class I | 2.05% | none |
| CPLSX | Class A | 2.30% | 4.75% |
| CPCLX | Class C | 3.05% | none |
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.