Calamos Global Total Return Fund Reports Q4 2025 Results

Fund returns trail blended benchmark index for the quarter

Mar. 19, 2026 at 9:35am by Ben Kaplan

Got story updates? Submit your updates here. ›

Calamos Investments, a diversified global investment firm, has reported the Q4 2025 results for its Calamos Global Total Return Fund. The fund returned -2.78% on market price and -1.91% on NAV, compared to a 2.40% return for the blended comparator index.

Why it matters

The Calamos Global Total Return Fund is a key investment product for the firm, which offers a range of innovative strategies across asset classes to a diverse client base including corporations, pension funds, and individual investors. The fund's performance relative to its benchmark is closely watched by investors and analysts.

The details

The Calamos Global Total Return Fund is a multi-asset fund that invests in a variety of global asset classes to generate income and capital appreciation. For the quarter ending December 31, 2025, the fund underperformed its blended benchmark index, returning -2.78% on market price and -1.91% on NAV compared to the index's 2.40% return.

  • The Q4 2025 results were reported on March 19, 2026.

The players

Calamos Investments

A diversified global investment firm offering innovative investment strategies including U.S. growth equity, global equity, convertible, multi-asset and alternatives. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, an exchange traded fund and UCITS funds.

Calamos Global Total Return Fund

A multi-asset fund managed by Calamos Investments that invests in a variety of global asset classes to generate income and capital appreciation.

Got photos? Submit your photos here. ›

The takeaway

The underperformance of the Calamos Global Total Return Fund in Q4 2025 relative to its benchmark index highlights the challenges facing multi-asset funds in the current market environment. Investors will be closely watching the fund's performance in 2026 to see if the firm can regain its competitive edge.