DURING VOLATILE TIMES, INVESTORS TURN TO THE LARGEST LIQUID ALTERNATIVE FUNDS PROVIDER For more information, please visit www.calamos.com/largest Morningstar AUM data as of 3/31/20. Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing. All Rights Reserved. Calamos® and Calamos Investments® are registered trademarks of Calamos Investments LLC. © 2020 Calamos Investments LLC. 801977 0420 NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEEhttp://www.calamos.com/largest