Calamos Long/Short Equity & Dynamic Income Trust (CPZ)
NASDAQ (NGS) NASDAQ (NGS) Primary NASDAQ Summary
CPZ Chart
CPZ: Complex Portfolio Isn't Working As Intended
Calamos Long/Short Equity & Dynamic Income Trust offers a complex, actively managed blend of long/short equity and fixed-income strategies, targeting risk-averse investors. CPZ trades at an 11.7% discount to NAV, but persistent NAV erosion, inconsistent dividend coverage, and underperformance versus SPY undermine its appeal. The fund's aggressive leverage (51.3% of assets) and high-yield focus (12.5% yield) elevate risk, especially amid elevated interest rates and below-investment-grade credit exposure.
CPZ: Unlikely To Outperform, But Could Still Have A Place In A Portfolio
The Calamos Long/Short Equity & Dynamic Income Trust offers an 11.49% yield, utilizing both long and short positions to generate high income. CPZ's distribution is fully covered by investment profits, but its long-term total return underperforms broad equity indices and select peer funds. The fund's short positions, especially in semiconductors and Tesla, may cushion downside in market corrections but can drag on performance in bullish markets.
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Calamos Long/Short Equity & Dynamic Income Trust Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 978,911 | $16.73M | $12.81M | -$3.92M | -23.43% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,015 | $17,465.5 | $13,215.3 | -$4,250.2 | -24.33% |
 Jeff Ameen Spire Wealth Management | 415 | $6,219.14 | $5,395 | -$824.14 | -13.25% |
 Amanda Hawley Atria Wealth Solutions Inc. | 67,367 | $1.05M | $882,507.7 | -$168,561.75 | -16.04% |
| SM Sharon Medina INTEGRITY WEALTH ADVISORS Inc. | 57,058 | $896,600.57 | $747,459.8 | -$149,140.77 | -16.63% |
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Calamos Long/Short Equity & Dynamic Income Trust Profile
| NASDAQ (NGS) Exchange | US Country |
Overview
The Calamos Long/Short Equity & Dynamic Income Trust is a diversified, closed-end management investment company founded on September 21, 2017, with its headquarters in Naperville, Illinois. This company specializes in seeking to provide its investors with current income alongside risk-managed capital appreciation. It achieves this through a delicate balance of providing hedged market exposure via a global long and short equity strategy that has withstood the test of time. The firm's focus on generating dynamic income, while also applying long and short equity strategies, makes it a unique entity in the investment management landscape.
Products and Services
- Current Income Generation:
- Risk-Managed Capital Appreciation:
- Hedged Market Exposure through Global Long/Short Equity Strategy:
Through its investment strategies, Calamos Long/Short Equity & Dynamic Income Trust aims to generate current income for its investors. This involves deploying capital in a variety of income-generating securities and instruments, which could include, but are not limited to, dividend-paying stocks, bonds, and other fixed income investments, allowing for a steady stream of income.
The firm employs a risk-managed approach to capital appreciation. This involves carefully selecting investments that not only have the potential for price appreciation but also have manageable levels of risk. This strategy seeks to grow the capital of the investors while minimizing exposure to significant market downturns.
One of the core strategies of the Calamos Long/Short Equity & Dynamic Income Trust is its global long/short equity strategy. This strategy involves going long on equities that are undervalued and shorting equities that are overvalued. The global approach allows the company to tap into opportunities in various markets around the world. This is complemented by hedging strategies to reduce market exposure and volatility, aiming to protect investments against downturns and enhancing returns under various market conditions.
