CTSOX Fees and Costs — Calamos Timpani Small Cap Growth Fund, Class R6
Data updated: 2026-09-29
The net expense ratio is 0.95%: a 0.90% management fee plus 0.09% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.4M in broker commissions, 0.3186% of average net assets, and portfolio turnover was 195%.
CTSOX Fees and Expenses
Annual operating expenses and sales charges of CTSOX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.95% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
CTSOX Costs Over Time
On $10,000 invested in CTSOX, assuming 5% a year before costs, total costs come to $789 over 5 years, cutting the return by 1.33% 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 0.95%) | $100 | $310 | $537 |
| Trading costs (broker commissions) | $33 | $104 | $180 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $133 | $435 | $789 |
| Value after costs | $10,367 | $11,141 | $11,974 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
CTSOX 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): 0.3186%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $27.6M
- Portfolio turnover (prospectus): 195%
- Securities lending: none during the year
CTSOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $229K | 25.65% |
| William Blair & Company, L.L.C. | $122K | 13.68% |
| Wells Fargo Securities, LLC | $112K | 12.54% |
| Morgan Stanley & Co. LLC | $82K | 9.18% |
| Robert W. Baird & Co. Incorporated | $76K | 8.48% |
| JonesTrading Institutional Services LLC | $62K | 6.99% |
| Cowen and Company, LLC | $58K | 6.56% |
| Raymond James & Associates, Inc. | $55K | 6.18% |
| Craig-Hallum Capital Group LLC | $53K | 5.97% |
| J.P. Morgan Securities LLC | $43K | 4.78% |
CTSOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Craig-Hallum Capital Group LLC | $4.8M | 18.63% |
| William Blair & Company, L.L.C. | $3.9M | 15.00% |
| J.P. Morgan Securities LLC | $3.8M | 14.92% |
| Morgan Stanley & Co. LLC | $3.7M | 14.48% |
| Stifel, Nicolaus & Company, Incorporated | $2.7M | 10.64% |
| Cowen and Company, LLC | $1.8M | 7.08% |
| Needham & Company, LLC | $1.6M | 6.31% |
| Goldman Sachs & Co. LLC | $1.6M | 6.28% |
| RBC Capital Markets, LLC | $869K | 3.38% |
| Canaccord Genuity LLC | $847K | 3.29% |
Calamos Timpani Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CTSOX | Class R6 | 0.95% | none |
| CTSIX | Class I | 1.05% | none |
| CTASX | Class A | 1.30% | 4.75% |
| CTCSX | Class C | 2.05% | 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.