NPORT-EX 2 NPORT_CVXF_18948027_0724.htm

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
Asset Backed Security (0.1%)
				Other (0.1%)
	765,000			SVC ABS, LLC Series 2023-1A, Class C*
				6.700%, 02/20/53
				(Cost $713,985)		$	718,801
Corporate Bonds (39.6%)
				Airlines (0.5%)
	834,487			Alaska Airlines Pass Through Trust Series 2020-1, Class A*
				4.800%, 02/15/29			819,925
	336,297			Alaska Airlines Pass Through Trust Series 2020-1, Class B*
				8.000%, 02/15/27			340,756
	947,920			American Airlines Pass Through Trust Series 2021-1, Class B
				3.950%, 01/11/32			877,527
	418,250			American Airlines, Inc. / AAdvantage Loyalty IP, Ltd.*
				5.500%, 04/20/26			415,741
	877,362			British Airways Pass Through Trust Series 2021-1, Class B*
				3.900%, 03/15/33			816,464
	707,184			JetBlue Pass Through Trust Series 2020-1, Class B
				7.750%, 05/15/30			730,203
							4,000,616
				Communication Services (3.5%)
	800,000			Altice France Holding, SA*
				10.500%, 05/15/27			304,112
	1,100,000			Altice France, SA*
				5.500%, 10/15/29			775,082
	1,160,000			APi Group DE, Inc.*
				4.750%, 10/15/29			1,104,424
	1,025,000			Ashtead Capital, Inc.*
				2.450%, 08/12/31			852,882
				Audacy Capital Corp.*@
	1,193,000			6.750%, 03/31/29			49,414
	448,000			6.500%, 05/01/27			19,905
	856,000			Cincinnati Bell Telephone Company, LLC
				6.300%, 12/01/28			807,105
				Clear Channel Outdoor Holdings, Inc.*
	475,000			7.875%, 04/01/30			483,954
	425,000			9.000%, 09/15/28^			452,089
	1,345,000			Consolidated Communications, Inc.*
				6.500%, 10/01/28			1,216,122
				CSC Holdings, LLC*
	1,350,000			4.625%, 12/01/30			539,595
	1,125,000			4.500%, 11/15/31			775,699
	1,100,000			5.750%, 01/15/30			444,752
	487,000			Directv Financing, LLC / Directv Financing Co-Obligor, Inc.*
				5.875%, 08/15/27			469,414
	1,000,000			Frontier California, Inc.
				6.750%, 05/15/27			978,250
	239,000			Frontier Communications Holdings, LLC*
				8.750%, 05/15/30			250,608
	1,519,000			Frontier Florida, LLC
				6.860%, 02/01/28			1,546,570
	1,445,000			Frontier North, Inc.
				6.730%, 02/15/28			1,436,503
				Go Daddy Operating Company, LLC / GD Finance Company, Inc.*
	835,000			3.500%, 03/01/29			760,034
	250,000			5.250%, 12/01/27			246,413
	475,000			Gray Television, Inc.*
				5.375%, 11/15/31			307,263
	240,000			Hughes Satellite Systems Corp.
				6.625%, 08/01/26			112,874
				iHeartCommunications, Inc.
	595,000			8.375%, 05/01/27			243,236
	355,000			5.250%, 08/15/27*^			232,742
	815,000			LCPR Senior Secured Financing DAC*
				6.750%, 10/15/27			761,283
	722,947			Ligado Networks, LLC*
				15.500%, 11/01/23
				15.500% PIK rate			116,872
				Lumen Technologies, Inc.
	720,000			7.600%, 09/15/39			309,499
	485,000			4.000%, 02/15/27*			311,234
	240,000			7.650%, 03/15/42			99,622
	478,000			Match Group Holdings II, LLC*
				3.625%, 10/01/31			413,518
	930,000			Paramount Global
				4.900%, 08/15/44			680,286
	336,000			Qwest Corp.
				7.250%, 09/15/25			333,776
				Scripps Escrow II, Inc.*
	477,000			3.875%, 01/15/29			311,076
	239,000			5.375%, 01/15/31			116,405
	810,000			Scripps Escrow, Inc.*^
				5.875%, 07/15/27			563,825
				Sirius XM Radio, Inc.*
	1,250,000			5.500%, 07/01/29			1,196,712
	1,189,000			3.875%, 09/01/31			993,933
	475,000			3.125%, 09/01/26			452,285
	874,000			Spanish Broadcasting System, Inc.*
				9.750%, 03/01/26			524,592
	1,080,000			Stagwell Global, LLC*
				5.625%, 08/15/29			1,018,958
	473,000			Telesat Canada / Telesat, LLC*
				4.875%, 06/01/27			216,426
				Time Warner Cable, LLC
	715,000			6.550%, 05/01/37			699,828
	385,000			7.300%, 07/01/38			401,051
	853,000			United States Cellular Corp.
				6.700%, 12/15/33			914,365
	724,000			Univision Communications, Inc.*
				8.000%, 08/15/28			728,366
	480,000			Viasat, Inc.*
				5.625%, 04/15/27			451,315
							26,024,269
				Consumer Discretionary (8.8%)
	1,430,000			Adams Homes, Inc.*
				9.250%, 10/15/28			1,485,227

See accompanying Notes to Schedule of Investments

1

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	715,000			Adient Global Holdings Company*^
				8.250%, 04/15/31		$	752,416
	840,000			American Axle & Manufacturing, Inc.
				5.000%, 10/01/29			770,154
				Ashton Woods USA, LLC / Ashton Woods Finance Company*
	837,000			4.625%, 08/01/29			773,505
	248,000			6.625%, 01/15/28			249,567
	1,208,000			At Home Group, Inc.*
				4.875%, 07/15/28			459,910
				Bath & Body Works, Inc.
	1,264,000			6.694%, 01/15/27			1,288,180
	720,000			6.875%, 11/01/35			730,930
	400,000			Benteler International AG*
				10.500%, 05/15/28			427,416
				Caesars Entertainment, Inc.*
	604,000			4.625%, 10/15/29^			561,714
	472,000			8.125%, 07/01/27			482,233
				Carnival Corp.*
	481,000			7.625%, 03/01/26			486,152
	481,000			4.000%, 08/01/28			455,565
	60,000			7.000%, 08/15/29			62,684
				Carvana Company*
	207,436			14.000%, 06/01/31			242,024
	174,771			13.000%, 06/01/30			192,856
	116,013			12.000%, 12/01/28			125,439
				CCO Holdings, LLC / CCO Holdings Capital Corp.*
	2,090,000			4.750%, 03/01/30			1,871,804
	1,685,000			4.500%, 08/15/30			1,476,043
	1,165,000			5.125%, 05/01/27			1,132,124
	1,100,000			6.375%, 09/01/29			1,071,532
	951,000			4.250%, 02/01/31			810,138
	565,000			5.000%, 02/01/28			538,400
	478,000			4.750%, 02/01/32			410,000
	478,000			CDI Escrow Issuer, Inc.*
				5.750%, 04/01/30			468,846
	750,000			Cedar Fair, LP / Canada's Wonderland Company / Magnum Management Corp. / Millennium Op
				5.250%, 07/15/29			730,995
	478,000			Churchill Downs, Inc.*
				6.750%, 05/01/31			485,385
				Dana, Inc.
	790,000			4.250%, 09/01/30			698,573
	723,000			4.500%, 02/15/32			632,748
				DISH DBS Corp.
	1,010,000			5.125%, 06/01/29			426,927
	720,000			5.250%, 12/01/26*			599,810
	595,000			7.375%, 07/01/28			276,151
	480,000			5.750%, 12/01/28*			353,453
	408,000			7.750%, 07/01/26			263,074
	946,000			DISH Network Corp.*
				11.750%, 11/15/27			947,343
	1,365,000			Empire Resorts, Inc.*
				7.750%, 11/01/26			1,318,849
	1,058,000			Everi Holdings, Inc.*
				5.000%, 07/15/29			1,048,446
	1,000,000			Ford Motor Company
				6.100%, 08/19/32			1,012,980
				Ford Motor Credit Company, LLC
	1,525,000			4.000%, 11/13/30			1,386,820
	1,245,000			7.200%, 06/10/30			1,330,594
	1,150,000			5.113%, 05/03/29			1,126,322
	865,000			7.350%, 11/04/27			911,511
	800,000			2.900%, 02/16/28			734,640
	359,000			Gap, Inc.*
				3.875%, 10/01/31			302,321
	490,000			General Motors Company
				5.200%, 04/01/45			441,372
				goeasy, Ltd.*
	1,700,000			9.250%, 12/01/28			1,823,913
	859,000			7.625%, 07/01/29			880,612
				Goodyear Tire & Rubber Company^
	960,000			5.625%, 04/30/33			884,774
	515,000			5.250%, 07/15/31			482,169
				Group 1 Automotive, Inc.*
	600,000			6.375%, 01/15/30			606,228
	407,000			4.000%, 08/15/28			379,670
	551,000			Guitar Center, Inc.*^
				8.500%, 01/15/26			492,699
	1,228,350			Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.*
				11.000%, 04/15/29			1,172,632
	770,000			International Game Technology, PLC*
				6.250%, 01/15/27			777,477
	238,525			JetBlue Pass Through Trust Series 2019-2, Class B
				8.000%, 11/15/27			243,916
	1,077,000			Kohl's Corp.
				5.550%, 07/17/45			715,763
	955,000			LCM Investments Holdings II, LLC*
				8.250%, 08/01/31			1,001,757
	965,000			Liberty Interactive, LLC
				8.250%, 02/01/30			498,712
	937,000			Life Time, Inc.*
				8.000%, 04/15/26			951,655
	480,000			Light & Wonder International, Inc.*
				7.500%, 09/01/31			500,957
	360,000			Lindblad Expeditions Holdings, Inc.*
				9.000%, 05/15/28			375,059
	616,000			Lindblad Expeditions, LLC*
				6.750%, 02/15/27			616,579
	635,000			M/I Homes, Inc.
				3.950%, 02/15/30			579,399
				Macy's Retail Holdings, LLC
	1,121,000			6.700%, 07/15/34*			988,744
	730,000			4.300%, 02/15/43			525,228
	475,000			MGM Resorts International
				6.500%, 04/15/32			477,019
	1,219,000			Midwest Gaming Borrower, LLC / Midwest Gaming Finance Corp.*
				4.875%, 05/01/29			1,152,101
	575,000			Newell Brands, Inc.
				5.700%, 04/01/26			574,235
				Nordstrom, Inc.
	500,000			5.000%, 01/15/44			399,460
	480,000			6.950%, 03/15/28			491,928
	465,000			4.250%, 08/01/31			414,794
	1,449,000			Patrick Industries, Inc.*
				4.750%, 05/01/29			1,354,699
	1,105,000			PENN Entertainment, Inc.*^
				4.125%, 07/01/29			978,577
	480,000			Phinia, Inc.*
				6.750%, 04/15/29			490,325

See accompanying Notes to Schedule of Investments

2

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	1,340,000			Premier Entertainment Sub, LLC / Premier Entertainment Finance Corp.*^
				5.625%, 09/01/29		$	1,003,553
	470,000			QVC, Inc.
				5.450%, 08/15/34			299,658
	480,000			Raising Cane's Restaurants, LLC*
				9.375%, 05/01/29			518,870
	1,880,000			Rite Aid Corp.*@
				8.000%, 11/15/26			833,178
				Royal Caribbean Cruises, Ltd.*
	478,000			7.250%, 01/15/30			501,489
	119,000			6.250%, 03/15/32			121,312
	1,350,000			Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed*
				4.625%, 03/01/29			1,221,791
	1,445,000			Six Flags Entertainment Corp.*^
				7.250%, 05/15/31			1,488,711
	610,000			Sonic Automotive, Inc.*
				4.625%, 11/15/29			558,492
	698,000			Speedway Motorsports, LLC / Speedway Funding II, Inc.*
				4.875%, 11/01/27			673,633
	1,005,000			Station Casinos, LLC*
				4.500%, 02/15/28			955,946
	950,000			STL Holding Company, LLC*
				8.750%, 02/15/29			990,318
	589,000			Taylor Morrison Communities, Inc.*
				5.750%, 01/15/28			590,001
	240,000			Viking Cruises, Ltd.*
				9.125%, 07/15/31			261,938
	1,100,000			Vista Outdoor, Inc.*
				4.500%, 03/15/29			1,097,701
				ZF North America Capital, Inc.*
	950,000			7.125%, 04/14/30			987,402
	300,000			6.875%, 04/23/32			310,194
	300,000			6.750%, 04/23/30			306,441
							65,904,882
				Consumer Staples (1.8%)
	1,413,000			Arrow Bidco, LLC*
				10.750%, 06/15/25			1,436,781
	235,000			B&G Foods, Inc.*
				8.000%, 09/15/28			239,916
				Brink's Company*
	470,000			6.500%, 06/15/29			479,480
	237,000			6.750%, 06/15/32			241,804
	1,099,000			Central Garden & Pet Company*
				4.125%, 04/30/31			979,088
	1,092,000			Edgewell Personal Care Company*
				4.125%, 04/01/29			1,016,892
				Energizer Holdings, Inc.*
	1,331,000			4.375%, 03/31/29			1,229,751
	240,000			6.500%, 12/31/27^			241,598
				JBS USA LUX, SA / JBS USA Food Company / JBS USA Finance, Inc.
	955,000			5.500%, 01/15/30^			956,509
	595,000			5.125%, 02/01/28µ			595,494
	269,000			5.750%, 04/01/33			271,373
	621,000			New Albertsons, LP
				7.750%, 06/15/26			638,009
	957,000			Performance Food Group, Inc.*
				4.250%, 08/01/29			887,139
	700,000			Pilgrim's Pride Corp.
				4.250%, 04/15/31			651,098
	475,000			Post Holdings, Inc.*
				6.250%, 02/15/32			482,073
	909,000			Prestige Brands, Inc.*
				3.750%, 04/01/31			802,783
	475,000			RR Donnelley & Sons Company*
				9.500%, 08/01/29			478,325
	815,000			United Natural Foods, Inc.*^
				6.750%, 10/15/28			746,165
	1,020,000			Vector Group, Ltd.*
				5.750%, 02/01/29			980,598
							13,354,876
				Energy (5.9%)
	958,000			Apache Corp.
				5.100%, 09/01/40			841,498
				Buckeye Partners, LP
	712,000			6.875%, 07/01/29*			723,677
	500,000			5.850%, 11/15/43			446,385
	477,000			Cheniere Energy, Inc.µ
				4.625%, 10/15/28			468,056
	720,000			Chesapeake Energy Corp.*
				6.750%, 04/15/29			728,755
	1,341,000			Civitas Resources, Inc.*
				8.750%, 07/01/31			1,444,445
				Continental Resources, Inc.
	480,000			4.900%, 06/01/44			405,710
	477,000			2.875%, 04/01/32*^			396,406
	742,000			DT Midstream, Inc.*
				4.125%, 06/15/29			694,430
				Earthstone Energy Holdings, LLC*
	941,000			8.000%, 04/15/27			971,178
	360,000			9.875%, 07/15/31			401,256
				Enbridge, Inc.‡
	485,000			7.375%, 03/15/55
				5 year CMT + 3.12%			491,926
	485,000			7.200%, 06/27/54
				5 year CMT + 2.97%			495,675
	313,000			7.375%, 01/15/83
				5 year CMT + 3.71%			315,789
	950,000			Encino Acquisition Partners Holdings, LLC*
				8.750%, 05/01/31			998,925
				Energy Transfer, LP‡
	1,400,000			8.527%, 11/01/66
				3 mo. USD SOFR + 3.28%			1,360,296
	700,000			6.500%, 11/15/26
				5 year CMT + 5.69%			696,773
				EnLink Midstream Partners, LP
	1,235,000			9.711%, 09/03/24‡
				3 mo. USD LIBOR + 4.11%			1,226,330
	1,015,000			4.850%, 07/15/26			1,003,977
	600,000			Enlink Midstream, LLC*
				6.500%, 09/01/30			626,256
				EQM Midstream Partners, LP*
	1,580,000			7.500%, 06/01/27			1,625,694
	470,000			6.375%, 04/01/29			480,194
				Genesis Energy, LP / Genesis Energy Finance Corp.
	719,000			8.875%, 04/15/30			762,075
	415,000			7.875%, 05/15/32			423,960
				Gulfport Energy Corp.
	955,000			8.000%, 05/17/26*			969,077

See accompanying Notes to Schedule of Investments

3

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	288,135			8.000%, 05/17/26		$	292,382
	1,340,000			Hilcorp Energy I, LP / Hilcorp Finance Company*
				6.000%, 04/15/30			1,312,624
	475,000			Howard Midstream Energy Partners, LLC*
				7.375%, 07/15/32			489,663
	950,000			Kodiak Gas Services, LLC*
				7.250%, 02/15/29			978,766
	940,000			Magnolia Oil & Gas Operating, LLC / Magnolia Oil & Gas Finance Corp.*
				6.000%, 08/01/26			938,872
	960,000			Matador Resources Company*
				6.500%, 04/15/32			965,607
				Moss Creek Resources Holdings, Inc.*
	500,000			10.500%, 05/15/27			513,000
	455,000			7.500%, 01/15/26			455,887
				Nabors Industries, Inc.*
	720,000			7.375%, 05/15/27			733,910
	360,000			9.125%, 01/31/30^			385,520
	720,000			Nabors Industries, Ltd.*^
				7.500%, 01/15/28			708,422
	618,000			New Fortress Energy, Inc.*
				6.750%, 09/15/25			607,791
	1,006,000			Oceaneering International, Inc.
				6.000%, 02/01/28			997,992
	1,025,000			Parkland Corp.*
				5.875%, 07/15/27			1,024,026
	506,000			Patterson-UTI Energy, Inc.^
				5.150%, 11/15/29			501,208
				Permian Resources Operating, LLC*
	238,000			7.000%, 01/15/32			246,430
	237,000			6.250%, 02/01/33			237,045
	960,000			Plains All American Pipeline, LP‡
				9.694%, 09/03/24
				3 mo. USD LIBOR + 4.11%			961,152
	1,340,000			Rockcliff Energy II, LLC*
				5.500%, 10/15/29			1,272,263
	479,000			Southwestern Energy Company
				4.750%, 02/01/32			448,114
	950,000			Summit Midstream Holdings, LLC*
				8.625%, 10/31/29			971,546
				Transocean, Inc.*
	950,000			8.250%, 05/15/29			970,682
	855,000			8.750%, 02/15/30			900,717
				Venture Global Calcasieu Pass, LLC*
	600,000			6.250%, 01/15/30			617,568
	240,000			4.125%, 08/15/31			218,486
	240,000			3.875%, 08/15/29			222,422
				Venture Global LNG, Inc.*
	1,195,000			8.375%, 06/01/31			1,255,897
	715,000			8.125%, 06/01/28			744,408
	499,000			7.000%, 01/15/30			504,958
	480,000			9.875%, 02/01/32			533,002
	480,000			9.500%, 02/01/29			534,053
				Vital Energy, Inc.
	570,000			7.750%, 07/31/29*			577,279
	499,000			7.875%, 04/15/32*			508,172
	368,000			9.750%, 10/15/30			403,089
	1,000,000			VOC Escrow, Ltd.*
				5.000%, 02/15/28			976,630
	1,195,000			Weatherford International, Ltd.*
				8.625%, 04/30/30			1,244,808
							44,253,134
				Financials (6.9%)
	1,550,000			Acrisure, LLC / Acrisure Finance, Inc.*
				8.250%, 02/01/29			1,578,737
	1,440,000			Aethon United BR, LP / Aethon United Finance Corp.*
				8.250%, 02/15/26			1,460,578
	1,675,000			Alliant Holdings Intermediate, LLC / Alliant Holdings Co-Issuer*
				6.750%, 10/15/27			1,664,297
				Ally Financial, Inc.
	1,087,000			4.700%, 05/15/26‡
				5 year CMT + 3.87%			993,551
	445,000			4.700%, 05/15/28‡
				7 year CMT + 3.48%			370,770
	402,000			8.000%, 11/01/31			453,114
	1,923,000			AmWINS Group, Inc.*
				4.875%, 06/30/29			1,814,543
	726,000			Aviation Capital Group, LLC*µ
				3.500%, 11/01/27			689,555
	950,000			Baldwin Insurance Group Holdings, LLC / Baldwin Insurance Group Holdings Finance*
				7.125%, 05/15/31			980,476
	475,000			Brandywine Operating Partnership, LP
				8.875%, 04/12/29			506,245
	1,436,000			BroadStreet Partners, Inc.*
				5.875%, 04/15/29			1,385,955
	1,145,000			Brookfield Property REIT, Inc. / BPR Cumulus, LLC / BPR Nimbus, LLC / GGSI Sellco, LLC*
				4.500%, 04/01/27			1,085,013
	1,000,000			Burford Capital Global Financial, LLC*
				6.875%, 04/15/30			990,480
				Credit Acceptance Corp.
	925,000			6.625%, 03/15/26^			925,823
	635,000			9.250%, 12/15/28*			679,361
	960,000			Cushman & Wakefield U.S. Borrower LLC*
				8.875%, 09/01/31			1,035,158
	1,075,000			GGAM Finance, Ltd.*
				8.000%, 02/15/27			1,112,657
	1,432,000			Global Net Lease, Inc. / Global Net Lease Operating Partnership, LP*
				3.750%, 12/15/27			1,295,960
	1,000,000			GTCR W-2 Merger Sub, LLC*
				7.500%, 01/15/31			1,053,300
	535,000			HAT Holdings I, LLC / HAT Holdings II, LLC*
				8.000%, 06/15/27			560,108
				HUB International, Ltd.*
	1,430,000			5.625%, 12/01/29			1,374,230
	475,000			7.375%, 01/31/32			489,241
	718,000			Icahn Enterprises, LP / Icahn Enterprises Finance Corp.
				4.375%, 02/01/29			625,306
	1,990,000			Iron Mountain, Inc.*
				5.250%, 03/15/28			1,950,678

See accompanying Notes to Schedule of Investments

4

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	2,435,000			Jefferies Finance, LLC / JFIN Co-Issuer Corp.*
				5.000%, 08/15/28		$	2,266,254
	594,000			Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.*
				7.000%, 07/15/31			608,244
				Ladder Capital Finance Holdings, LLLP / Ladder Capital Finance Corp.*
	1,874,000			5.250%, 10/01/25			1,866,616
	1,033,000			4.750%, 06/15/29			982,001
	875,000			LD Holdings Group, LLC*
				6.125%, 04/01/28			696,666
				Level 3 Financing, Inc.*
	985,000			4.250%, 07/01/28			537,436
	480,000			4.625%, 09/15/27			317,030
	720,000			LPL Holdings, Inc.*µ
				4.000%, 03/15/29			677,383
	955,000			Macquarie Airfinance Holdings, Ltd.*
				8.125%, 03/30/29			1,011,058
	1,498,000			MetLife, Inc.
				6.400%, 12/15/66			1,532,739
	1,300,000			Nationstar Mortgage Holdings, Inc.*
				5.500%, 08/15/28			1,263,639
	630,000			Necessity Retail REIT, Inc. / American Finance Operating Partner, LP*
				4.500%, 09/30/28			574,195
	475,000			Newmark Group, Inc.
				7.500%, 01/12/29			499,083
				OneMain Finance Corp.
	670,000			9.000%, 01/15/29			711,004
	660,000			3.875%, 09/15/28			604,916
	475,000			7.500%, 05/15/31			488,761
	475,000			Park Intermediate Holdings, LLC / PK Domestic Property, LLC / PK Finance Co-Issuer*
				7.000%, 02/01/30			483,697
	1,493,000			PHH Mortgage Corp.*
				7.875%, 03/15/26			1,471,068
				RHP Hotel Properties, LP / RHP Finance Corp.*
	1,100,000			4.500%, 02/15/29			1,043,174
	950,000			6.500%, 04/01/32			961,371
				Rocket Mortgage, LLC / Rocket Mortgage Co-Issuer, Inc.*
	450,000			3.875%, 03/01/31			400,901
	445,000			3.625%, 03/01/29			409,133
	220,000			2.875%, 10/15/26			208,017
	725,000			Service Properties Trust
				8.375%, 06/15/29			722,078
	1,190,000			StoneX Group, Inc.*
				7.875%, 03/01/31			1,239,730
				United Wholesale Mortgage, LLC*
	1,123,000			5.500%, 04/15/29			1,084,897
	480,000			5.750%, 06/15/27			474,283
				Uniti Group, LP / Uniti Group Finance, Inc. / CSL Capital, LLC*
	598,000			10.500%, 02/15/28			605,353
	465,000			6.500%, 02/15/29			353,321
	475,000			VFH Parent, LLC / Valor Co-Issuer, Inc.*
				7.500%, 06/15/31			489,421
	1,100,000			VZ Secured Financing, BV*
				5.000%, 01/15/32			963,985
	1,017,000			XHR, LP*
				6.375%, 08/15/25			1,017,722
							51,640,312
				Health Care (2.4%)
				CHS/Community Health Systems, Inc.*
	1,917,000			6.125%, 04/01/30			1,465,681
	713,000			10.875%, 01/15/32			766,439
	538,000			6.875%, 04/15/29			441,881
	120,000			5.250%, 05/15/30			104,885
				DaVita, Inc.*
	1,139,000			3.750%, 02/15/31			986,704
	1,061,000			4.625%, 06/01/30			972,937
				Embecta Corp.*
	717,000			5.000%, 02/15/30^			616,254
	240,000			6.750%, 02/15/30			214,387
				Encompass Health Corp.
	470,000			4.750%, 02/01/30			449,527
	470,000			4.500%, 02/01/28			454,715
	1,109,000			HCA, Inc.^
				7.500%, 11/06/33			1,254,889
	300,000			Jazz Securities DAC*
				4.375%, 01/15/29			282,342
				Medline Borrower, LP*
	1,215,000			3.875%, 04/01/29			1,134,786
	1,208,000			5.250%, 10/01/29			1,168,547
	120,000			Medline Borrower, LP / Medline Co-Issuer, Inc.*
				6.250%, 04/01/29			122,634
				Organon & Company / Organon Foreign Debt Co-Issuer, BV*
	1,760,000			5.125%, 04/30/31^			1,619,429
	450,000			4.125%, 04/30/28			423,288
				Tenet Healthcare Corp.
	2,250,000			6.250%, 02/01/27			2,255,715
	1,315,000			6.875%, 11/15/31			1,408,273
				Teva Pharmaceutical Finance Netherlands III, BV
	1,215,000			5.125%, 05/09/29^			1,179,813
	800,000			4.750%, 05/09/27			775,976
	440,000			3.150%, 10/01/26			416,742
							18,515,844
				Industrials (5.4%)
	950,000			Aar Escrow Issuer, LLC*
				6.750%, 03/15/29			971,584
	1,100,000			ACCO Brands Corp.*
				4.250%, 03/15/29			1,005,917
	740,000			AerCap Holdings, NV^‡
				5.875%, 10/10/79
				5 year CMT + 4.54%			738,542
	965,000			Air Lease Corp.‡
				4.125%, 12/15/26
				5 year CMT + 3.15%			889,093
				Albertsons Companies, Inc. / Safeway, Inc. / New Albertsons, LP / Albertsons, LLC*
	1,600,000			4.625%, 01/15/27			1,561,056
	720,000			5.875%, 02/15/28			714,960
	538,000			Arcosa, Inc.*
				4.375%, 04/15/29			507,818

See accompanying Notes to Schedule of Investments

5

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	2,450,000			ARD Finance, SA*
				6.500%, 06/30/27
				7.250% PIK rate		$	632,124
	753,000			Beacon Roofing Supply, Inc.*
				4.125%, 05/15/29			693,114
				Bombardier, Inc.*
	480,000			8.750%, 11/15/30			520,795
	355,000			7.000%, 06/01/32			363,236
	300,000			7.250%, 07/01/31			309,300
	271,000			7.875%, 04/15/27			271,653
	956,000			BWX Technologies, Inc.*
				4.125%, 04/15/29			902,101
	1,000,000			Cascades, Inc. / Cascades USA, Inc.*
				5.375%, 01/15/28			972,030
	239,000			Delta Air Lines, Inc. / SkyMiles IP, Ltd.*µ
				4.750%, 10/20/28			236,328
	1,265,000			Deluxe Corp.*
				8.000%, 06/01/29			1,198,689
	957,000			Eco Material Technologies, Inc.*
				7.875%, 01/31/27			974,523
	908,000			Emerald Debt Merger Sub, LLC*
				6.625%, 12/15/30			925,488
				EnerSys*
	500,000			6.625%, 01/15/32			510,225
	475,000			4.375%, 12/15/27			455,644
	355,000			EquipmentShare.com, Inc.*
				8.625%, 05/15/32			369,044
	580,000			Graham Packaging Company, Inc.*
				7.125%, 08/15/28			565,680
				Graphic Packaging International, LLC*
	625,000			4.750%, 07/15/27			613,481
	446,000			3.500%, 03/01/29			405,860
	1,054,000			Great Lakes Dredge & Dock Corp.*^
				5.250%, 06/01/29			948,716
	2,244,000			H&E Equipment Services, Inc.*
				3.875%, 12/15/28			2,053,058
				Herc Holdings, Inc.*
	1,250,000			5.500%, 07/15/27			1,240,512
	475,000			6.625%, 06/15/29			485,379
				JELD-WEN, Inc.*
	564,000			4.625%, 12/15/25			556,330
	500,000			4.875%, 12/15/27			477,055
	1,575,000			Ken Garff Automotive, LLC*
				4.875%, 09/15/28			1,496,297
	955,000			Knife River Holding Company*
				7.750%, 05/01/31			1,005,634
	234,000			MasTec, Inc.*µ
				4.500%, 08/15/28			226,437
	475,000			Masterbrand, Inc.*
				7.000%, 07/15/32			488,409
	588,000			Moog, Inc.*
				4.250%, 12/15/27			563,610
	1,198,000			Newfold Digital Holdings Group, Inc.*^
				6.000%, 02/15/29			827,075
	940,000			Novelis Corp.*
				4.750%, 01/30/30			886,946
	360,000			OI European Group, BV*
				4.750%, 02/15/30			331,790
	624,000			Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer, LLC*
				4.000%, 10/15/27			590,316
				Sealed Air Corp.*
	743,000			6.125%, 02/01/28			749,858
	239,000			5.000%, 04/15/29			231,472
	235,000			6.500%, 07/15/32			238,121
	240,000			Sealed Air Corp./Sealed Air Corp. U.S.*
				7.250%, 02/15/31			250,164
	450,000			Sensata Technologies, BV*
				4.000%, 04/15/29			417,443
	479,000			Sensata Technologies, Inc.*
				3.750%, 02/15/31			423,877
	955,000			Standard Industries, Inc.*
				5.000%, 02/15/27			935,432
	773,000			Stericycle, Inc.*^
				3.875%, 01/15/29			735,919
				TransDigm, Inc.*
	1,035,000			6.875%, 12/15/30			1,065,688
	710,000			6.750%, 08/15/28			724,775
	360,000			7.125%, 12/01/31			374,548
	235,000			6.625%, 03/01/32			240,621
	480,000			Tronox, Inc.*
				4.625%, 03/15/29			437,774
	318,079			United Airlines Pass Through Trust Series 2019-2, Class B
				3.500%, 11/01/29			298,046
	961,000			Vertiv Group Corp.*
				4.125%, 11/15/28			911,893
	1,004,000			Wabash National Corp.*
				4.500%, 10/15/28			917,867
	855,000			Waste Pro USA, Inc.*
				5.500%, 02/15/26			849,417
				Williams Scotsman, Inc.*
	565,000			4.625%, 08/15/28			538,389
	480,000			7.375%, 10/01/31			499,435
	355,000			6.625%, 06/15/29			361,766
							40,688,354
				Information Technology (1.8%)
	238,000			Booz Allen Hamilton, Inc.*µ
				4.000%, 07/01/29			225,267
	557,000			Coherent Corp.*^
				5.000%, 12/15/29			531,300
	430,000			Dell International, LLC / EMC Corp.µ
				6.020%, 06/15/26			437,194
	478,000			Dun & Bradstreet Corp.*^
				5.000%, 12/15/29			455,410
	480,000			Fair Isaac Corp.*
				4.000%, 06/15/28			452,261
	1,050,000			KBR, Inc.*
				4.750%, 09/30/28			999,925
				MPH Acquisition Holdings, LLC*
	1,050,000			5.750%, 11/01/28^			628,614
	480,000			5.500%, 09/01/28			375,662
	477,000			NCL Corp., Ltd.*
				8.125%, 01/15/29			507,495
	478,000			NCR Voyix Corp.*
				5.125%, 04/15/29			457,135
	723,000			ON Semiconductor Corp.*
				3.875%, 09/01/28			676,439
				Open Text Corp.*
	705,000			3.875%, 02/15/28			659,274

See accompanying Notes to Schedule of Investments

6

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	475,000			6.900%, 12/01/27		$	493,126
	359,000			3.875%, 12/01/29			326,202
	359,000			Open Text Holdings, Inc.*
				4.125%, 12/01/31			320,231
	840,000			Playtika Holding Corp.*
				4.250%, 03/15/29			749,003
	1,350,000			TTM Technologies, Inc.*
				4.000%, 03/01/29			1,257,336
				Twilio, Inc.
	680,000			3.625%, 03/15/29			617,800
	236,000			3.875%, 03/15/31			212,011
	356,000			UKG, Inc.*
				6.875%, 02/01/31			365,964
	1,200,000			Viavi Solutions, Inc.*
				3.750%, 10/01/29			1,043,064
	475,000			Zebra Technologies Corp.*
				6.500%, 06/01/32			488,395
	1,100,000			ZoomInfo Technologies, LLC / ZoomInfo Finance Corp.*
				3.875%, 02/01/29			1,005,763
							13,284,871
				Materials (1.6%)
	500,000			ArcelorMittal, SA
				7.000%, 10/15/39			551,845
	534,000			ATI, Inc.
				5.875%, 12/01/27			530,801
	242,000			Carpenter Technology Corp.
				7.625%, 03/15/30			252,709
	955,000			Chemours Company*^
				4.625%, 11/15/29			837,430
	1,530,000			Clearwater Paper Corp.*
				4.750%, 08/15/28			1,447,732
	716,000			Cleveland-Cliffs, Inc.*
				6.750%, 04/15/30			722,623
				Commercial Metals Company
	478,000			4.125%, 01/15/30			443,163
	239,000			4.375%, 03/15/32			218,781
				Constellium, SE*
	740,000			3.750%, 04/15/29^			676,101
	375,000			6.375%, 08/15/32			374,891
	477,000			HB Fuller Company
				4.250%, 10/15/28			445,866
	725,000			JW Aluminum Continuous Cast Company*
				10.250%, 06/01/26			726,624
	850,000			Kaiser Aluminum Corp.*
				4.625%, 03/01/28			798,328
				Mercer International, Inc.
	1,020,000			5.125%, 02/01/29^			865,348
	483,000			12.875%, 10/01/28*			518,259
	935,000			OCI, NV*^
				6.700%, 03/16/33			933,887
	720,000			Owens-Brockway Glass Container, Inc.*^
				7.250%, 05/15/31			713,038
	1,105,000			Silgan Holdings, Inc.
				4.125%, 02/01/28			1,055,010
	478,000			Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc.*
				5.125%, 04/01/29			185,502
							12,297,938
				Other (0.1%)
				Gen Digital, Inc.*
	500,000			6.750%, 09/30/27			508,910
	260,000			7.125%, 09/30/30			269,066
							777,976
				Real Estate (0.4%)
	764,000			EPR Properties
				3.750%, 08/15/29			699,335
				Forestar Group, Inc.*
	750,000			5.000%, 03/01/28			724,740
	502,000			3.850%, 05/15/26			485,580
	1,073,000			MIWD Holdco II, LLC / MIWD Finance Corp.*
				5.500%, 02/01/30			1,004,510
							2,914,165
				Special Purpose Acquisition Companies (0.2%)
	235,000			Clydesdale Acquisition Holdings, Inc.*
				6.875%, 01/15/30			234,551
				Fertitta Entertainment, LLC / Fertitta Entertainment Finance Company, Inc.*
	955,000			6.750%, 01/15/30			847,448
	477,000			4.625%, 01/15/29			446,219
							1,528,218
				Utilities (0.3%)
	359,000			AES Corp.‡
				7.600%, 01/15/55
				5 year CMT + 3.20%			364,773
	360,000			Entergy Corp.‡
				7.125%, 12/01/54
				5 year CMT + 2.67%			360,792
	359,000			NiSource, Inc.^‡
				6.950%, 11/30/54
				5 year CMT + 2.45%			363,656
	350,000			PPL Capital Funding, Inc.‡
				8.261%, 03/30/67
				3 mo. USD LIBOR + 2.67%			348,873
				Vistra Corp.*‡
	450,000			7.000%, 12/15/26
				5 year CMT + 5.74%			452,727
	250,000			8.000%, 10/15/26
				5 year CMT + 6.93%			255,803
							2,146,624
				Total Corporate Bonds
				(Cost $313,127,863)			297,332,079
Convertible Bonds (101.3%)
				Communication Services (7.6%)
	960,000			Cable One, Inc.µ
				0.000%, 03/15/26			859,373
	8,250,000			Liberty Media Corp.*µ
				2.375%, 09/30/53			9,008,587
	9,000,000			Liberty Media Corp.-Liberty Formula One
				2.250%, 08/15/27			10,137,600
	5,250,000			Match Group Financeco 3, Inc.*µ
				2.000%, 01/15/30			4,649,033
	14,500,000			Sea, Ltd.^
				0.250%, 09/15/26			12,803,790
	16,250,000			Snap, Inc.*
				0.500%, 05/01/30			15,180,750

See accompanying Notes to Schedule of Investments

7

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	3,500,000			Zillow Group, Inc.^
				1.375%, 09/01/26		$	4,345,005
							56,984,138
				Consumer Discretionary (22.8%)
	11,500,000			Airbnb, Inc.µ
				0.000%, 03/15/26			10,550,330
	8,250,000			Alibaba Group Holding, Ltd.*
				0.500%, 06/01/31			8,295,375
	4,500,000			Booking Holdings, Inc.µ
				0.750%, 05/01/25			8,880,165
	4,250,000			Carnival Corp.
				5.750%, 12/01/27			6,425,192
	6,750,000			Chegg, Inc.
				0.000%, 09/01/26			5,582,858
	6,691,000			DISH Network Corp.
				0.000%, 12/15/25			4,915,276
	11,500,000			DraftKings Holdings, Inc.µ
				0.000%, 03/15/28			9,744,755
	12,750,000			Etsy, Inc.µ
				0.125%, 09/01/27			10,894,237
	16,750,000			Ford Motor Companyµ
				0.000%, 03/15/26			16,280,832
	4,000,000			JD.com, Inc.*^
				0.250%, 06/01/29			3,752,280
	2,435,000			Lucid Group, Inc.*
				1.250%, 12/15/26			1,532,565
	10,250,000			Marriott Vacations Worldwide Corp.µ
				3.250%, 12/15/27			9,419,545
	8,000,000			Meritage Homes Corp.*^
				1.750%, 05/15/28			8,857,600
	11,500,000			Rivian Automotive, Inc.µ
				4.625%, 03/15/29			12,682,430
	2,000,000			Royal Caribbean Cruises, Ltd.
				6.000%, 08/15/25			6,347,580
	5,750,000			Shake Shack, Inc.
				0.000%, 03/01/28			4,965,355
	3,250,000			Stride, Inc.
				1.125%, 09/01/27			4,946,175
	8,000,000			Trip.com Group, Ltd.*
				0.750%, 06/15/29			7,481,680
	15,000,000			Vail Resorts, Inc.µ
				0.000%, 01/01/26			13,834,050
	13,500,000			Wayfair, Inc.µ
				3.250%, 09/15/27			15,717,510
							171,105,790
				Consumer Staples (1.2%)
	4,500,000			Post Holdings, Inc.
				2.500%, 08/15/27			5,124,510
	4,000,000			Spectrum Brands, Inc.*µ
				3.375%, 06/01/29			3,882,760
							9,007,270
				Energy (1.9%)
	4,250,000			Kosmos Energy, Ltd.*
				3.125%, 03/15/30			4,452,895
	4,890,000			Nabors Industries, Inc.
				1.750%, 06/15/29			4,101,830
	4,250,000			Northern Oil & Gas, Inc.^
				3.625%, 04/15/29			5,414,542
				SunEdison, Inc.@
	9,411,000			0.000%, 01/15/49*			94,110
	898,000			0.000%, 10/01/49			8,980
							14,072,357
				Financials (1.6%)
	4,250,000			Coinbase Global, Inc.*µ
				0.250%, 04/01/30			4,207,033
	8,250,000			Global Payments, Inc.*µ
				1.500%, 03/01/31			7,776,697
							11,983,730
				Health Care (17.3%)
	4,500,000			Alnylam Pharmaceuticals, Inc.
				1.000%, 09/15/27			4,870,035
	5,500,000			Alphatec Holdings, Inc.
				0.750%, 08/01/26			5,291,110
	9,500,000			CONMED Corp.µ
				2.250%, 06/15/27			8,556,365
	12,250,000			CryoPort, Inc.*
				0.750%, 12/01/26			10,470,197
				Dexcom, Inc.µ
	15,831,000			0.250%, 11/15/25			14,892,063
	8,000,000			0.375%, 05/15/28			7,004,800
	2,886,000			Enovis Corp.*
				3.875%, 10/15/28			3,131,137
				Exact Sciences Corp.µ
	6,750,000			0.375%, 03/15/27			5,976,113
	3,750,000			2.000%, 03/01/30*			3,464,475
	7,250,000			Halozyme Therapeutics, Inc.µ
				1.000%, 08/15/28			8,326,190
	2,088,000			Immunocore Holdings, PLC*
				2.500%, 02/01/30			1,830,236
	1,625,000			Insmed, Inc.
				0.750%, 06/01/28			3,703,554
	4,500,000			Insulet Corp.
				0.375%, 09/01/26			4,874,445
	6,375,000			Integer Holdings Corp.
				2.125%, 02/15/28			9,326,370
	4,500,000			Ionis Pharmaceuticals, Inc.^
				0.000%, 04/01/26			4,750,020
	4,000,000			iRhythm Technologies, Inc.*
				1.500%, 09/01/29			3,661,320
	9,950,000			Jazz Investments I, Ltd.µ
				2.000%, 06/15/26			9,752,095
	2,721,000			Lantheus Holdings, Inc.^
				2.625%, 12/15/27			4,078,235
	10,250,000			NeoGenomics, Inc.
				0.250%, 01/15/28			8,353,443
	3,298,000			Pacira BioSciences, Inc.
				0.750%, 08/01/25			3,091,380
	3,750,000			Sarepta Therapeutics, Inc.
				1.250%, 09/15/27			4,549,650
							129,953,233
				Industrials (6.8%)
	4,250,000			Axon Enterprise, Inc.
				0.500%, 12/15/27			5,972,440
	3,375,000			Fluor Corp.*^
				1.125%, 08/15/29			4,141,395
	7,250,000			John Bean Technologies Corp.
				0.250%, 05/15/26			6,697,405
	4,000,000			Tetra Tech, Inc.*^
				2.250%, 08/15/28			4,848,360
				Uber Technologies, Inc.µ
	20,000,000			0.000%, 12/15/25			20,673,000

See accompanying Notes to Schedule of Investments

8

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	7,804,000			0.875%, 12/01/28*		$	8,723,936
							51,056,536
				Information Technology (35.5%)
	4,125,000			Advanced Energy Industries, Inc.*~
				2.500%, 09/15/28			4,478,141
				Akamai Technologies, Inc.
	8,250,000			1.125%, 02/15/29*µ			8,224,012
	4,500,000			0.375%, 09/01/27^			4,584,060
	9,250,000			Bentley Systems, Inc.µ
				0.125%, 01/15/26			9,142,885
	7,500,000			BILL Holdings, Inc.µ
				0.000%, 12/01/25			6,975,975
	5,750,000			Confluent, Inc.µ
				0.000%, 01/15/27			5,013,598
	5,000,000			CyberArk Software, Ltd.
				0.000%, 11/15/24			8,158,300
	4,750,000			Datadog, Inc.
				0.125%, 06/15/25			6,310,898
	6,000,000			DigitalOcean Holdings, Inc.µ
				0.000%, 12/01/26			5,107,500
	9,066,000			Enphase Energy, Inc.µ
				0.000%, 03/01/26			8,402,731
	2,250,000			Five9, Inc.µ
				0.500%, 06/01/25			2,151,135
	4,000,000			Itron, Inc.*^
				1.375%, 07/15/30			4,073,520
	5,250,000			MicroStrategy, Inc.*
				0.625%, 03/15/30			6,631,800
	13,750,000			MKS Instruments, Inc.*µ
				1.250%, 06/01/30			14,510,100
				NCL Corp., Ltd.
	6,000,000			1.125%, 02/15/27µ			5,611,680
	4,500,000			2.500%, 02/15/27µ			4,299,120
	3,000,000			5.375%, 08/01/25			3,547,500
	3,250,000			Nutanix, Inc.
				0.250%, 10/01/27			3,576,690
	4,000,000			Okta, Inc.µ
				0.375%, 06/15/26			3,679,520
	17,250,000			ON Semiconductor Corp.µ
				0.500%, 03/01/29			17,797,170
	3,000,000			Palo Alto Networks, Inc.µ
				0.375%, 06/01/25			9,795,960
	6,250,000			Parsons Corp.*
				2.625%, 03/01/29			7,175,375
	7,500,000			Rapid7, Inc.*^
				1.250%, 03/15/29			6,906,900
	11,250,000			Repay Holdings Corp.*
				0.000%, 02/01/26			10,266,637
	5,750,000			Seagate HDD Cayman*µ
				3.500%, 06/01/28			7,845,875
	13,750,000			Shift4 Payments, Inc.µ
				0.000%, 12/15/25			14,938,137
	4,200,000			SK Hynix, Inc.
				1.750%, 04/11/30			7,224,210
	12,500,000			Super Micro Computer, Inc.*µ
				0.000%, 03/01/29			11,856,875
	10,000,000			Tyler Technologies, Inc.µ
				0.250%, 03/15/26			12,116,700
	12,250,000			Unity Software, Inc.µ
				0.000%, 11/15/26			10,664,972
	4,000,000			Vertex, Inc.*
				0.750%, 05/01/29			5,141,440
	8,000,000			Western Digital Corp.*µ
				3.000%, 11/15/28			11,671,520
	6,250,000			Wix.com, Ltd.
				0.000%, 08/15/25			5,893,063
				Wolfspeed, Inc.
	8,750,000			1.875%, 12/01/29			4,362,050
	5,338,000			0.250%, 02/15/28			2,839,496
	4,250,000			Zscaler, Inc.
				0.125%, 07/01/25			5,416,158
							266,391,703
				Materials (1.4%)
	1,050,000			ATI, Inc.^
				3.500%, 06/15/25			4,596,921
	6,306,000			MP Materials Corp.*µ
				0.250%, 04/01/26			5,671,427
							10,268,348
				Other (0.0%)
	475,000			Multiplan Corp.*
				6.000%, 10/15/27
				7.000% PIK rate7.000% PIK rate			335,958
				Real Estate (0.7%)
	6,000,000			Pebblebrook Hotel Trust
				1.750%, 12/15/26			5,359,920
				Utilities (4.5%)
	4,250,000			CMS Energy Corp.
				3.375%, 05/01/28			4,337,295
	15,250,000			PPL Capital Funding, Inc.µ
				2.875%, 03/15/28			15,157,890
	13,500,000			Southern Company^µ
				3.875%, 12/15/25			14,305,005
							33,800,190
				Total Convertible Bonds
				(Cost $764,903,928)			760,319,173
Bank Loans (8.3%) ¡
				Airlines (0.2%)
	643,388			Air Canada‡
				7.847%, 03/21/31
				3 mo. SOFR + 2.50%			646,305
	600,000			American Airlines, Inc.‡
				10.294%, 04/20/28
				3 mo. SOFR + 4.75%			621,486
	638,400			United Airlines, Inc.‡
				8.033%, 02/22/31
				3 mo. SOFR + 2.75%			641,707
							1,909,498
				Communication Services (1.1%)
	56,490			Audacy Capital Corp.‡
				11.458%, 08/19/24
				1 mo. SOFR + 6.00%			56,561
	483,760			Cincinnati Bell, Inc.‡
				8.694%, 11/22/28
				1 mo. SOFR + 3.25%			483,457
	460,998			Clear Channel Outdoor Holdings, Inc.‡
				9.458%, 08/23/28
				1 mo. SOFR + 4.00%			463,303
	1,820,235			CSC Holdings, LLC‡
				7.943%, 04/15/27
				1 mo. LIBOR + 2.50%			1,558,003

See accompanying Notes to Schedule of Investments

9

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	699,560			Directv Financing, LLC‡
				10.458%, 08/02/27
				1 mo. SOFR + 5.00%		$	704,142
	1,505,000			Entercom Media Corp.‡
				8.145%, 11/18/24
				3 mo. SOFR + 0.00%			712,994
	725,000			Gray Television, Inc.‡
				10.593%, 06/04/29
				1 mo. SOFR + 5.25%			705,769
	723,155			Sinclair Television Group, Inc.‡
				9.194%, 04/21/29
				1 mo. SOFR + 3.75%			515,100
	970,000			Telesat Canada‡
				8.359%, 12/07/26
				3 mo. SOFR + 2.75%			469,543
	950,000			TripAdvisor, Inc.‡
				8.094%, 07/08/31
				1 mo. SOFR + 2.75%			950,788
	980,000			Virgin Media Bristol, LLC!
				0.000%, 01/31/28			946,180
	453,798			Windstream Services, LLC‡
				11.694%, 09/21/27
				1 mo. SOFR + 6.25%			457,201
							8,023,041
				Consumer Discretionary (1.9%)
	473,813			Adient U.S., LLC‡
				8.094%, 01/31/31
				1 mo. SOFR + 2.75%			476,904
	744,000			American Axle & Manufacturing, Inc.‡
				8.326%, 12/12/29
				1 mo. SOFR + 3.00%			748,881
	1,383,254			Caesars Entertainment, Inc.‡
				8.097%, 02/06/30
				3 mo. SOFR + 2.75%			1,390,171
	889,695			Carnival Corp.‡
				8.094%, 10/18/28
				1 mo. SOFR + 2.75%			896,372
	743,966			Carnival Corp.‡
				8.094%, 08/08/27
				1 mo. SOFR + 2.75%			750,126
	947,619			Flutter Financing, BV‡
				7.585%, 11/29/30
				3 mo. SOFR + 3.25%			950,187
	1,216,453			Hanesbrands, Inc.‡
				9.094%, 03/08/30
				1 mo. SOFR + 3.75%			1,222,158
	743,816			Life Time Fitness, Inc.‡
				9.591%, 01/15/26
				3 mo. SOFR + 4.00%			748,465
	1,120,093			Light & Wonder International, Inc.‡
				7.585%, 04/14/29
				3 mo. SOFR + 2.25%			1,129,193
	430,000			Peloton Interactive, Inc.‡
				11.346%, 05/23/29
				3 mo. SOFR + 6.00%			431,075
	2,069,554			PetSmart, Inc.‡
				9.194%, 02/11/28
				1 mo. SOFR + 3.75%			2,057,478
	712,500			Staples, Inc.‡
				11.084%, 09/04/29
				3 mo. SOFR + 5.75%			664,228
	947,625			Station Casinos, LLC‡
				7.594%, 03/14/31
				1 mo. SOFR + 2.25%			950,293
	591,079			TKC Holdings, Inc.‡
				11.109%, 05/15/28
				3 mo. SOFR + 5.50%			591,726
	969,516			Windsor Holdings III, LLC‡
				9.345%, 08/01/30
				1 mo. SOFR + 4.00%			978,421
							13,985,678
				Consumer Staples (0.7%)
	2,234,508			Amneal Pharmaceuticals, LLC‡
				10.844%, 05/04/28
				1 mo. SOFR + 5.50%			2,258,708
	710,000			B&G Foods, Inc.!
				0.000%, 10/10/29			704,345
	985,000			Fiesta Purchaser, Inc.‡
				9.344%, 02/12/31
				1 mo. SOFR + 4.00%			992,333
	957,600			Star Parent, Inc.‡
				9.085%, 09/27/30
				3 mo. SOFR + 5.75%			960,320
	643,388			United Natural Foods, Inc.‡
				10.099%, 05/01/31
				1 mo. SOFR + 4.75%			649,020
							5,564,726
				Energy (0.5%)
	748,125			Buckeye Partners, LP‡
				7.344%, 11/22/30
				1 mo. SOFR + 2.00%			749,614
	898,944			ChampionX Corp.‡
				8.197%, 06/07/29
				1 mo. SOFR + 2.75%			904,001
	472,625			New Fortress Energy, Inc.‡
				10.252%, 10/27/28
				3 mo. SOFR + 5.00%			466,866
	1,440,522			Par Petroleum, LLC‡
				9.064%, 02/28/30
				3 mo. SOFR + 3.75%			1,451,326
							3,571,807
				Financials (1.4%)
	1,287,763			Advisor Group, Inc.‡
				9.344%, 08/17/28
				1 mo. SOFR + 4.00%			1,270,455
	774,733			Alliant Holdings Intermediate, LLC‡
				8.845%, 11/06/30
				1 mo. SOFR + 3.50%			778,897
	719,572			Amynta Agency Borrower, Inc.‡
				9.099%, 02/28/28
				1 mo. SOFR + 3.75%			722,014
	1,226,925			AssuredPartners, Inc.‡
				8.844%, 02/14/31
				1 mo. SOFR + 3.50%			1,232,452
	734,459			Avolon TLB Borrower 1 (US), LLC‡
				7.345%, 06/22/28
				1 mo. SOFR + 2.00%			737,691
	448,875			Broadstreet Partners, Inc.‡
				8.594%, 06/14/31
				1 mo. SOFR + 3.25%			450,226

See accompanying Notes to Schedule of Investments

10

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	947,625			HUB International, Ltd.‡
				8.532%, 06/20/30
				3 mo. SOFR + 3.25%		$	949,876
	716,400			Iron Mountain, Inc.‡
				7.344%, 01/31/31
				1 mo. SOFR + 2.00%			715,282
	1,746,452			Jazz Financing Lux Sarl‡
				7.594%, 05/05/28
				1 mo. SOFR + 2.25%			1,751,438
	725,000			Level 3 Financing, Inc.‡
				11.910%, 04/15/29
				1 mo. SOFR + 6.56%			720,338
	950,000			VFH Parent, LLC‡
				8.094%, 06/21/31
				1 mo. SOFR + 2.75%			952,076
							10,280,745
				Health Care (0.4%)
	144,429			Icon Luxembourg Sarl‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			145,495
	988,235			Padagis, LLC‡
				10.326%, 07/06/28
				3 mo. SOFR + 4.75%			956,118
	35,984			PRA Health Sciences, Inc.‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			36,250
	2,353,935			Team Health Holdings, Inc.‡
				10.502%, 03/02/27
				3 mo. SOFR + 5.25%			2,215,642
	6,770			Team Health Holdings, Inc.‡
				10.594%, 03/02/27
				1 mo. SOFR + 5.25%			6,372
							3,359,877
				Industrials (0.4%)
	952,590			ACProducts, Inc.‡
				9.846%, 05/17/28
				3 mo. SOFR + 4.25%			762,672
	950,000			MI Windows & Doors, LLC‡
				8.844%, 03/28/31
				1 mo. SOFR + 3.50%			954,242
	240,000			Reynolds Group Holdings, Inc.!
				0.000%, 09/24/28			240,775
	234,413			Reynolds Group Holdings, Inc.‡
				7.849%, 09/24/28
				1 mo. SOFR + 2.50%			235,170
	972,563			TransDigm, Inc.‡
				7.846%, 02/28/31
				3 mo. SOFR + 2.50%			976,151
							3,169,010
				Information Technology (0.8%)
	1,317,079			Banff Merger Sub, Inc.‡
				9.597%, 12/29/28
				1 mo. SOFR + 4.25%			1,313,029
	754,203			Camelot US Acquisition, LLC‡
				8.094%, 01/31/31
				1 mo. SOFR + 2.75%			755,806
	423,163			Central Parent, Inc.‡
				8.585%, 07/06/29
				3 mo. SOFR + 3.25%			419,557
	957,251			Dun & Bradstreet Corp.‡
				8.097%, 01/18/29
				1 mo. SOFR + 2.75%			960,434
	299,229			Endure Digital, Inc.‡
				8.949%, 02/10/28
				1 mo. SOFR + 3.50%			269,007
	830,329			II-VI, Inc.‡
				7.844%, 07/02/29
				1 mo. SOFR + 2.50%			833,858
	683,100			SS&C Technologies, Inc.‡
				7.344%, 05/09/31
				1 mo. SOFR + 2.00%			686,403
	500,000			UKG, Inc.‡
				8.555%, 02/10/31
				3 mo. SOFR + 3.25%			502,075
							5,740,169
				Materials (0.7%)
	714,600			Chemours Company‡
				8.844%, 08/18/28
				1 mo. SOFR + 3.50%			715,197
	550,000			Ineos U.S. Finance, LLC!
				0.000%, 02/18/30			548,430
	967,688			Ineos US Finance LLC‡
				8.594%, 02/18/30
				1 mo. SOFR + 3.25%			964,925
	1,197,861			LSF11 A5 Holdco, LLC‡
				8.958%, 10/15/28
				1 mo. SOFR + 3.50%			1,201,605
	603,001			Trinseo Materials Operating SCA‡
				8.109%, 05/03/28
				3 mo. SOFR + 2.50%			472,110
	128,796			Trinseo Materials Operating SCA‡
				8.109%, 05/03/28
				1 mo. SOFR + 2.50%			100,839
	976,272			W.R. Grace & Co.-Conn.‡
				8.594%, 09/22/28
				1 mo. SOFR + 3.25%			982,739
							4,985,845
				Special Purpose Acquisition Companies (0.2%)
	470,400			Clydesdale Acquisition Holdings, Inc.‡
				9.119%, 04/13/29
				1 mo. SOFR + 3.68%			471,360
	239,488			Fertitta Entertainment, LLC‡
				9.079%, 01/27/29
				1 mo. SOFR + 3.75%			240,348
	982,500			Patagonia Holdco, LLC‡
				11.073%, 08/01/29
				3 mo. SOFR + 5.75%			915,572
							1,627,280
				Total Bank Loans
				(Cost $63,084,367)			62,217,676

NUMBER OF
SHARES						VALUE
Convertible Preferred Stocks (4.1%)
				Energy (0.0%)
	26			Gulfport Energy Corp.#
				10.000%, 09/03/24
				15.000% PIK rate			279,500
				Financials (2.1%)
	83,465			Apollo Global Management, Inc.
				6.750%, 07/31/26			5,675,620

See accompanying Notes to Schedule of Investments

11

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF
SHARES						VALUE
	8,100			Bank of America Corp.‡ ‡‡
				7.250%, 12/31/49		$	9,695,781
							15,371,401
				Industrials (0.6%)
	75,625			Chart Industries, Inc.
				6.750%, 12/15/25			4,705,388
				Utilities (1.4%)
				NextEra Energy, Inc.
	180,300			6.926%, 09/01/25^			7,962,048
	41,185			7.299%, 06/01/27#			2,143,679
							10,105,727
				Total Convertible Preferred Stocks
				(Cost $30,658,658)			30,462,016
Warrants (0.0%) #
				Energy (0.0%)
	47,739			Mcdermott International, Ltd.
				06/30/27, Strike $15.98			5
	42,965			Mcdermott International, Ltd.
				06/30/27, Strike $12.33			4
				Total Warrants
				(Cost $18,376)			9
Common Stocks (0.3%)
				Communication Services (0.0%)
	20,285			Altice USA, Inc. - Class A^			42,396
	6,819			Cumulus Media, Inc. - Class A#			13,638
	1			Frontier Communications Parent, Inc.µ#			29
							56,063
				Energy (0.3%)
	4,000			Cheniere Energy Partners, LP			210,640
	67,000			Energy Transfer, LP			1,090,090
	39,795			Enterprise Products Partners, LP			1,148,483
	6,644			EP Energy Corp.#			11,627
	32			Gulfport Energy Corp.µ#			4,711
							2,465,551
				Total Common Stocks
				(Cost $2,604,195)			2,521,614
Preferred Stocks (0.1%)
				Communication Services (0.1%)
				United States Cellular Corp.
	11,875			5.500%, 06/01/70			242,250
	11,375			^5.500%, 03/01/70			232,050
							474,300
				Consumer Discretionary (0.0%)
	6,122			Guitar Center, Inc.#			229,575
				Total Preferred Stocks
				(Cost $1,073,270)			703,875

NUMBER OF
CONTRACTS/
NOTIONAL
AMOUNT						VALUE
Purchased Options (0.1%) #
				Industrials (0.0%)
	3,250			American Airlines Group, Inc.
	3,458,000			Call, 06/20/25, Strike $17.00		$	105,625
				Other (0.1%)
	1,000			Invesco QQQ Trust Series 1
	47,107,000			Put, 01/17/25, Strike $430.00			987,000
				Total Purchased Options
				(Cost $1,618,430)			1,092,625
	TOTAL INVESTMENTS (153.9%)
	(Cost $1,177,803,072)						1,155,367,868
MANDATORY REDEEMABLE PREFERRED SHARES, AT LIQUIDATION VALUE (-17.7%)							(133,000,000	)
LIABILITIES, LESS OTHER ASSETS (-36.2%)							(271,668,442	)
NET ASSETS (100.0%)						$	750,699,426

NOTES TO SCHEDULE OF INVESTMENTS
*	Securities issued and sold pursuant to a Rule 144A transaction are exempted from the registration requirement of the Securities Act of 1933, as amended. These securities may only be sold to qualified institutional buyers (“QIBs”), such as the Fund. Any resale of these securities must generally be effected through a sale that is registered under the Act or otherwise exempted from such registration requirements.
@	In default status and considered non-income producing.
^	Security, or portion of security, is on loan.
µ	Security, or portion of security, is held in a segregated account as collateral for note payable aggregating a total value of $426,654,139.
‡	Variable rate security. The rate shown is the rate in effect at July 31, 2024.
~	Security, or portion of security, is segregated as collateral (or potential collateral for future transactions) for written options. The aggregate value of such securities is $1,628,415.
¡	Bank loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown.
!	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.
#	Non-income producing security.
‡‡	Perpetual maturity.
Note: The date on options represents the expiration date of the option contract. The option contract may be exercised at any date on or before the date shown. (0.0%)

See accompanying Notes to Schedule of Investments

12

Calamos Convertible Opportunities and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

The following table summarizes the Fund's investments and derivative financial instruments categorized in the fair value hierarchy as of July 31, 2024 (see Note 2):

		LEVEL 1				LEVEL 2				LEVEL 3				TOTAL
Assets:
Asset Backed Securities		$	—			$	718,801			$	—			$	718,801
Corporate Bonds			—				297,332,079				—				297,332,079
Convertible Bonds			—				760,319,173				—				760,319,173
Bank Loans			—				62,217,676				—				62,217,676
Convertible Preferred Stocks			30,182,516				279,500				—				30,462,016
Warrants			—				9				—				9
Common Stocks			2,509,987				11,627				—				2,521,614
Preferred Stocks			474,300				229,575				—				703,875
Purchased Options			1,092,625				—				—				1,092,625
Total		$	34,259,428			$	1,121,108,440			$	—			$	1,155,367,868

See accompanying Notes to Schedule of Investments

13

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
Asset Backed Security (0.1%)
				Other (0.1%)
	850,000			SVC ABS, LLC Series 2023-1A, Class C*
				6.700%, 02/20/53
				(Cost $793,317)		$	798,668
Corporate Bonds (39.9%)
			Airlines (0.5%)
	907,051			Alaska Airlines Pass Through Trust Series 2020-1, Class A*
				4.800%, 02/15/29			891,223
	358,516			Alaska Airlines Pass Through Trust Series 2020-1, Class B*
				8.000%, 02/15/27			363,270
	1,020,080			American Airlines Pass Through Trust Series 2021-1, Class B
				3.950%, 01/11/32			944,329
	456,750			American Airlines, Inc. / AAdvantage Loyalty IP, Ltd.*
				5.500%, 04/20/26			454,010
	948,821			British Airways Pass Through Trust Series 2021-1, Class B*
				3.900%, 03/15/33			882,963
	770,665			JetBlue Pass Through Trust Series 2020-1, Class B
				7.750%, 05/15/30			795,750
							4,331,545
			Communication Services (3.5%)
	800,000			Altice France Holding, SA*
				10.500%, 05/15/27			304,112
	1,200,000			Altice France, SA*
				5.500%, 10/15/29			845,544
	1,255,000			APi Group DE, Inc.*
				4.750%, 10/15/29			1,194,873
	1,100,000			Ashtead Capital, Inc.*
				2.450%, 08/12/31			915,288
				Audacy Capital Corp.*@
	1,307,000			6.750%, 03/31/29			54,136
	490,000			6.500%, 05/01/27			21,771
	952,000			Cincinnati Bell Telephone Company, LLC
				6.300%, 12/01/28			897,622
				Clear Channel Outdoor Holdings, Inc.*
	525,000			7.875%, 04/01/30			534,896
	475,000			9.000%, 09/15/28^			505,276
	1,454,000			Consolidated Communications, Inc.*
				6.500%, 10/01/28			1,314,678
				CSC Holdings, LLC*
	1,600,000			4.625%, 12/01/30			639,520
	1,220,000			4.500%, 11/15/31			841,202
	1,150,000			5.750%, 01/15/30			464,968
	512,000			Directv Financing, LLC / Directv Financing Co-Obligor, Inc.*
				5.875%, 08/15/27			493,512
	1,060,000			Frontier California, Inc.
				6.750%, 05/15/27			1,036,945
	261,000			Frontier Communications Holdings, LLC*
				8.750%, 05/15/30			273,677
	1,685,000			Frontier Florida, LLC
				6.860%, 02/01/28			1,715,583
	1,555,000			Frontier North, Inc.
				6.730%, 02/15/28			1,545,857
				Go Daddy Operating Company, LLC / GD Finance Company, Inc.*
	905,000			3.500%, 03/01/29			823,749
	270,000			5.250%, 12/01/27			266,125
	515,000			Gray Television, Inc.*
				5.375%, 11/15/31			333,138
	263,000			Hughes Satellite Systems Corp.
				6.625%, 08/01/26			123,692
				iHeartCommunications, Inc.
	655,000			8.375%, 05/01/27			267,764
	395,000			5.250%, 08/15/27*^			258,966
	870,000			LCPR Senior Secured Financing DAC*
				6.750%, 10/15/27			812,658
	791,137			Ligado Networks, LLC*
				15.500%, 11/01/23			127,895
				Lumen Technologies, Inc.
	785,000			7.600%, 09/15/39			337,440
	525,000			4.000%, 02/15/27*			336,903
	263,000			7.650%, 03/15/42			109,169
	522,000			Match Group Holdings II, LLC*
				3.625%, 10/01/31			451,582
	1,005,000			Paramount Global
				4.900%, 08/15/44			735,147
	367,000			Qwest Corp.
				7.250%, 09/15/25			364,570
				Scripps Escrow II, Inc.*
	514,000			3.875%, 01/15/29			335,205
	257,000			5.375%, 01/15/31			125,172
	930,000			Scripps Escrow, Inc.*^
				5.875%, 07/15/27			647,354
				Sirius XM Radio, Inc.*
	1,350,000			5.500%, 07/01/29			1,292,449
	1,311,000			3.875%, 09/01/31			1,095,917
	515,000			3.125%, 09/01/26			490,373
	957,000			Spanish Broadcasting System, Inc.*
				9.750%, 03/01/26			574,411
	1,170,000			Stagwell Global, LLC*
				5.625%, 08/15/29			1,103,872
	517,000			Telesat Canada / Telesat, LLC*
				4.875%, 06/01/27			236,559
				Time Warner Cable, LLC
	775,000			6.550%, 05/01/37			758,554
	420,000			7.300%, 07/01/38			437,510
	929,000			United States Cellular Corp.
				6.700%, 12/15/33			995,832
	786,000			Univision Communications, Inc.*
				8.000%, 08/15/28			790,740
	525,000			Viasat, Inc.*
				5.625%, 04/15/27			493,626
							28,325,832
			Consumer Discretionary (8.8%)
	1,580,000			Adams Homes, Inc.*
				9.250%, 10/15/28			1,641,020

See accompanying Notes to Schedule of Investments

1

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	780,000			Adient Global Holdings Company*^
				8.250%, 04/15/31		$	820,817
	920,000			American Axle & Manufacturing, Inc.^
				5.000%, 10/01/29			843,502
				Ashton Woods USA, LLC / Ashton Woods Finance Company*
	913,000			4.625%, 08/01/29			843,740
	274,000			6.625%, 01/15/28			275,732
	1,325,000			At Home Group, Inc.*
				4.875%, 07/15/28			504,454
				Bath & Body Works, Inc.
	1,369,000			6.694%, 01/15/27			1,395,189
	760,000			6.875%, 11/01/35			771,537
	600,000			Benteler International AG*
				10.500%, 05/15/28			641,124
				Caesars Entertainment, Inc.*
	657,000			4.625%, 10/15/29^			611,003
	512,000			8.125%, 07/01/27			523,100
				Carnival Corp.*
	523,000			4.000%, 08/01/28			495,344
	520,000			7.625%, 03/01/26			525,569
	65,000			7.000%, 08/15/29			67,907
				Carvana Company*
	222,329			14.000%, 06/01/31			259,400
	186,423			13.000%, 06/01/30			205,714
	123,395			12.000%, 12/01/28			133,421
				CCO Holdings, LLC / CCO Holdings Capital Corp.*
	2,275,000			4.750%, 03/01/30			2,037,490
	1,825,000			4.500%, 08/15/30			1,598,682
	1,260,000			5.125%, 05/01/27			1,224,443
	1,200,000			6.375%, 09/01/29			1,168,944
	1,035,000			4.250%, 02/01/31			881,696
	540,000			5.000%, 02/01/28			514,577
	522,000			4.750%, 02/01/32			447,740
	522,000			CDI Escrow Issuer, Inc.*
				5.750%, 04/01/30			512,004
	810,000			Cedar Fair, LP / Canada's Wonderland Company / Magnum Management Corp. / Millennium Op
				5.250%, 07/15/29			789,475
	520,000			Churchill Downs, Inc.*
				6.750%, 05/01/31			528,034
				Dana, Inc.
	855,000			4.250%, 09/01/30			756,051
	782,000			4.500%, 02/15/32			684,383
				DISH DBS Corp.
	1,170,000			5.125%, 06/01/29			494,559
	775,000			5.250%, 12/01/26*			645,629
	650,000			7.375%, 07/01/28			301,678
	525,000			5.750%, 12/01/28*			386,589
	428,000			7.750%, 07/01/26			275,970
	1,049,000			DISH Network Corp.*
				11.750%, 11/15/27			1,050,490
	1,510,000			Empire Resorts, Inc.*
				7.750%, 11/01/26			1,458,947
	1,142,000			Everi Holdings, Inc.*
				5.000%, 07/15/29			1,131,688
	1,075,000			Ford Motor Company
				6.100%, 08/19/32			1,088,954
				Ford Motor Credit Company, LLC
	1,650,000			4.000%, 11/13/30			1,500,493
	1,350,000			7.200%, 06/10/30			1,442,812
	1,280,000			5.113%, 05/03/29			1,253,645
	945,000			7.350%, 11/04/27			995,813
	800,000			2.900%, 02/16/28			734,640
	391,000			Gap, Inc.*
				3.875%, 10/01/31			329,269
	510,000			General Motors Company
				5.200%, 04/01/45			459,388
				goeasy, Ltd.*
	1,825,000			9.250%, 12/01/28			1,958,024
	934,000			7.625%, 07/01/29			957,499
				Goodyear Tire & Rubber Company
	1,050,000			5.625%, 04/30/33			967,722
	560,000			5.250%, 07/15/31^			524,300
				Group 1 Automotive, Inc.*
	650,000			6.375%, 01/15/30			656,747
	445,000			4.000%, 08/15/28			415,118
	586,000			Guitar Center, Inc.*^
				8.500%, 01/15/26			523,995
	1,323,425			Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.*
				11.000%, 04/15/29			1,263,394
	825,000			International Game Technology, PLC*
				6.250%, 01/15/27			833,011
	259,604			JetBlue Pass Through Trust Series 2019-2, Class B
				8.000%, 11/15/27			265,471
	1,188,000			Kohl's Corp.
				5.550%, 07/17/45			789,533
	1,040,000			LCM Investments Holdings II, LLC*
				8.250%, 08/01/31			1,090,918
	1,045,000			Liberty Interactive, LLC
				8.250%, 02/01/30			540,056
	1,008,000			Life Time, Inc.*
				8.000%, 04/15/26			1,023,765
	525,000			Light & Wonder International, Inc.*
				7.500%, 09/01/31			547,922
	390,000			Lindblad Expeditions Holdings, Inc.*
				9.000%, 05/15/28			406,314
	672,000			Lindblad Expeditions, LLC*
				6.750%, 02/15/27			672,632
	685,000			M/I Homes, Inc.
				3.950%, 02/15/30			625,021
				Macy's Retail Holdings, LLC
	1,219,000			6.700%, 07/15/34*			1,075,182
	765,000			4.300%, 02/15/43			550,410
	525,000			MGM Resorts International
				6.500%, 04/15/32			527,231
	1,329,000			Midwest Gaming Borrower, LLC / Midwest Gaming Finance Corp.*
				4.875%, 05/01/29			1,256,064
	625,000			Newell Brands, Inc.
				5.700%, 04/01/26			624,169
				Nordstrom, Inc.
	525,000			6.950%, 03/15/28			538,046
	500,000			5.000%, 01/15/44			399,460
	499,000			4.250%, 08/01/31			445,123
	1,573,000			Patrick Industries, Inc.*
				4.750%, 05/01/29			1,470,629
	1,195,000			PENN Entertainment, Inc.*
				4.125%, 07/01/29			1,058,280
	523,000			Phinia, Inc.*
				6.750%, 04/15/29			534,250

See accompanying Notes to Schedule of Investments

2

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	1,460,000			Premier Entertainment Sub, LLC / Premier Entertainment Finance Corp.*^
				5.625%, 09/01/29		$	1,093,423
	525,000			QVC, Inc.
				5.450%, 08/15/34			334,724
	530,000			Raising Cane's Restaurants, LLC*
				9.375%, 05/01/29			572,919
	2,039,000			Rite Aid Corp.*@
				8.000%, 11/15/26			903,644
				Royal Caribbean Cruises, Ltd.*
	520,000			7.250%, 01/15/30			545,553
	131,000			6.250%, 03/15/32			133,545
	1,475,000			Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed*
				4.625%, 03/01/29			1,334,919
	1,565,000			Six Flags Entertainment Corp.*^
				7.250%, 05/15/31			1,612,341
	648,000			Sonic Automotive, Inc.*
				4.625%, 11/15/29			593,283
	753,000			Speedway Motorsports, LLC / Speedway Funding II, Inc.*
				4.875%, 11/01/27			726,713
	1,125,000			Station Casinos, LLC*
				4.500%, 02/15/28			1,070,089
	1,050,000			STL Holding Company, LLC*
				8.750%, 02/15/29			1,094,562
	636,000			Taylor Morrison Communities, Inc.*
				5.750%, 01/15/28			637,081
	260,000			Viking Cruises, Ltd.*
				9.125%, 07/15/31			283,767
	1,215,000			Vista Outdoor, Inc.*
				4.500%, 03/15/29			1,212,461
				ZF North America Capital, Inc.*
	1,025,000			7.125%, 04/14/30			1,065,354
	300,000			6.875%, 04/23/32			310,194
	300,000			6.750%, 04/23/30			306,441
							71,623,955
			Consumer Staples (1.8%)
	1,543,000			Arrow Bidco, LLC*
				10.750%, 06/15/25			1,568,969
	265,000			B&G Foods, Inc.*
				8.000%, 09/15/28			270,544
				Brink's Company*
	525,000			6.500%, 06/15/29			535,589
	263,000			6.750%, 06/15/32			268,331
	1,191,000			Central Garden & Pet Company*
				4.125%, 04/30/31			1,061,050
	1,188,000			Edgewell Personal Care Company*
				4.125%, 04/01/29			1,106,289
				Energizer Holdings, Inc.*
	1,445,000			4.375%, 03/31/29			1,335,079
	260,000			6.500%, 12/31/27^			261,732
				JBS USA LUX, SA / JBS USA Food Company / JBS USA Finance, Inc.
	1,035,000			5.500%, 01/15/30^			1,036,635
	650,000			5.125%, 02/01/28µ			650,540
	284,000			5.750%, 04/01/33			286,505
	672,000			New Albertsons, LP
				7.750%, 06/15/26			690,406
	1,043,000			Performance Food Group, Inc.*
				4.250%, 08/01/29			966,861
	775,000			Pilgrim's Pride Corp.
				4.250%, 04/15/31			720,858
	525,000			Post Holdings, Inc.*
				6.250%, 02/15/32			532,817
	986,000			Prestige Brands, Inc.*
				3.750%, 04/01/31			870,786
	522,000			RR Donnelley & Sons Company*
				9.500%, 08/01/29			525,654
	855,000			United Natural Foods, Inc.*^
				6.750%, 10/15/28			782,787
	1,103,000			Vector Group, Ltd.*
				5.750%, 02/01/29			1,060,391
							14,531,823
			Energy (6.0%)
	1,037,000			Apache Corp.
				5.100%, 09/01/40			910,890
				Buckeye Partners, LP
	788,000			6.875%, 07/01/29*			800,923
	545,000			5.850%, 11/15/43			486,560
	520,000			Cheniere Energy, Inc.µ
				4.625%, 10/15/28			510,250
	780,000			Chesapeake Energy Corp.*
				6.750%, 04/15/29			789,485
	1,465,000			Civitas Resources, Inc.*
				8.750%, 07/01/31			1,578,010
				Continental Resources, Inc.^
	525,000			4.900%, 06/01/44			443,746
	517,000			2.875%, 04/01/32*			429,648
	808,000			DT Midstream, Inc.*
				4.125%, 06/15/29			756,199
				Earthstone Energy Holdings, LLC*
	1,024,000			8.000%, 04/15/27			1,056,840
	390,000			9.875%, 07/15/31			434,694
				Enbridge, Inc.‡
	530,000			7.375%, 03/15/55
				5 year CMT + 3.12%			537,568
	530,000			7.200%, 06/27/54
				5 year CMT + 2.97%			541,665
	339,000			7.375%, 01/15/83
				5 year CMT + 3.71%			342,020
	1,050,000			Encino Acquisition Partners Holdings, LLC*
				8.750%, 05/01/31			1,104,075
				Energy Transfer, LP‡
	1,520,000			8.527%, 11/01/66
				3 mo. SOFR + 3.28%			1,476,893
	764,000			6.500%, 11/15/26
				5 year CMT + 5.69%			760,478
				EnLink Midstream Partners, LP
	1,300,000			9.711%, 09/03/24‡
				3 mo. LIBOR + 4.11%			1,290,874
	1,125,000			4.850%, 07/15/26			1,112,782
	650,000			EnLink Midstream, LLC*
				6.500%, 09/01/30			678,444
				EQM Midstream Partners, LP*
	1,730,000			7.500%, 06/01/27			1,780,032
	525,000			6.375%, 04/01/29			536,387
				Genesis Energy, LP / Genesis Energy Finance Corp.
	765,000			8.875%, 04/15/30			810,831
	460,000			7.875%, 05/15/32			469,931
				Gulfport Energy Corp.
	1,105,000			8.000%, 05/17/26*			1,121,288

See accompanying Notes to Schedule of Investments

3

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	311,124			8.000%, 05/17/26		$	315,710
	1,460,000			Hilcorp Energy I, LP / Hilcorp Finance Company*
				6.000%, 04/15/30			1,430,172
	525,000			Howard Midstream Energy Partners, LLC*
				7.375%, 07/15/32			541,207
	1,050,000			Kodiak Gas Services, LLC*
				7.250%, 02/15/29			1,081,794
	1,015,000			Magnolia Oil & Gas Operating, LLC / Magnolia Oil & Gas Finance Corp.*
				6.000%, 08/01/26			1,013,782
	1,044,000			Matador Resources Company*
				6.500%, 04/15/32			1,050,097
				Moss Creek Resources Holdings, Inc.*
	540,000			10.500%, 05/15/27			554,040
	495,000			7.500%, 01/15/26			495,965
				Nabors Industries, Inc.*
	780,000			7.375%, 05/15/27			795,070
	390,000			9.125%, 01/31/30^			417,647
	780,000			Nabors Industries, Ltd.*^
				7.500%, 01/15/28			767,458
	676,000			New Fortress Energy, Inc.*
				6.750%, 09/15/25			664,832
	1,090,000			Oceaneering International, Inc.
				6.000%, 02/01/28			1,081,324
	1,110,000			Parkland Corp.*
				5.875%, 07/15/27			1,108,946
	551,000			Patterson-UTI Energy, Inc.^
				5.150%, 11/15/29			545,782
				Permian Resources Operating, LLC*
	261,000			6.250%, 02/01/33			261,050
	260,000			7.000%, 01/15/32			269,209
	1,040,000			Plains All American Pipeline, LP‡
				9.694%, 09/03/24
				3 mo. LIBOR + 4.11%			1,041,248
	1,460,000			Rockcliff Energy II, LLC*
				5.500%, 10/15/29			1,386,197
	521,000			Southwestern Energy Company
				4.750%, 02/01/32			487,406
	1,050,000			Summit Midstream Holdings, LLC*
				8.625%, 10/31/29			1,073,814
				Transocean, Inc.*
	1,050,000			8.250%, 05/15/29			1,072,859
	934,200			8.750%, 02/15/30			984,152
				Venture Global Calcasieu Pass, LLC*
	650,000			6.250%, 01/15/30			669,032
	260,000			4.125%, 08/15/31			236,694
	260,000			3.875%, 08/15/29			240,958
				Venture Global LNG, Inc.*
	1,300,000			8.375%, 06/01/31			1,366,248
	780,000			8.125%, 06/01/28			812,081
	548,000			7.000%, 01/15/30			554,543
	525,000			9.875%, 02/01/32			582,971
	525,000			9.500%, 02/01/29			584,120
				Vital Energy, Inc.
	605,000			7.750%, 07/31/29*			612,726
	551,000			7.875%, 04/15/32*			561,127
	412,000			9.750%, 10/15/30			451,284
	1,045,000			VOC Escrow, Ltd.*
				5.000%, 02/15/28			1,020,578
	1,308,000			Weatherford International, Ltd.*
				8.625%, 04/30/30			1,362,517
							48,255,153
			Financials (6.9%)
	1,650,000			Acrisure, LLC / Acrisure Finance, Inc.*
				8.250%, 02/01/29			1,680,591
	1,562,000			Aethon United BR, LP / Aethon United Finance Corp.*
				8.250%, 02/15/26			1,584,321
	1,830,000			Alliant Holdings Intermediate, LLC / Alliant Holdings Co-Issuer*
				6.750%, 10/15/27			1,818,306
				Ally Financial, Inc.
	1,173,000			4.700%, 05/15/26‡
				5 year CMT + 3.87%			1,072,157
	480,000			4.700%, 05/15/28^‡
				7 year CMT + 3.48%			399,931
	434,000			8.000%, 11/01/31			489,183
	2,082,000			AmWINS Group, Inc.*
				4.875%, 06/30/29			1,964,575
	779,000			Aviation Capital Group, LLC*µ
				3.500%, 11/01/27			739,894
	1,050,000			Baldwin Insurance Group Holdings, LLC / Baldwin Insurance Group Holdings Finance*
				7.125%, 05/15/31			1,083,684
	525,000			Brandywine Operating Partnership, LP
				8.875%, 04/12/29			559,535
	1,559,000			BroadStreet Partners, Inc.*
				5.875%, 04/15/29			1,504,669
	1,245,000			Brookfield Property REIT, Inc. / BPR Cumulus, LLC / BPR Nimbus, LLC / GGSI Sellco, LLC*
				4.500%, 04/01/27			1,179,774
	1,000,000			Burford Capital Global Financial, LLC*
				6.875%, 04/15/30			990,480
				Credit Acceptance Corp.
	1,010,000			6.625%, 03/15/26^			1,010,899
	690,000			9.250%, 12/15/28*			738,203
	1,045,000			Cushman & Wakefield U.S. Borrower LLC*
				8.875%, 09/01/31			1,126,813
	1,170,000			GGAM Finance, Ltd.*
				8.000%, 02/15/27			1,210,985
	1,567,000			Global Net Lease, Inc. / Global Net Lease Operating Partnership, LP*
				3.750%, 12/15/27			1,418,135
	1,050,000			GTCR W-2 Merger Sub, LLC*
				7.500%, 01/15/31			1,105,965
	585,000			HAT Holdings I, LLC / HAT Holdings II, LLC*
				8.000%, 06/15/27			612,454
				HUB International, Ltd.*
	1,571,000			5.625%, 12/01/29			1,509,731
	525,000			7.375%, 01/31/32			540,740
	781,000			Icahn Enterprises, LP / Icahn Enterprises Finance Corp.
				4.375%, 02/01/29			680,173
	2,155,000			Iron Mountain, Inc.*
				5.250%, 03/15/28			2,112,417

See accompanying Notes to Schedule of Investments

4

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	2,640,000			Jefferies Finance, LLC / JFIN Co-Issuer Corp.*
				5.000%, 08/15/28		$	2,457,048
	656,000			Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.*^
				7.000%, 07/15/31			671,731
				Ladder Capital Finance Holdings, LLLP / Ladder Capital Finance Corp.*
	2,029,000			5.250%, 10/01/25			2,021,006
	1,127,000			4.750%, 06/15/29			1,071,360
	960,000			LD Holdings Group, LLC*
				6.125%, 04/01/28			764,342
				Level 3 Financing, Inc.*
	1,080,000			4.250%, 07/01/28			589,270
	525,000			4.625%, 09/15/27			346,752
	774,000			LPL Holdings, Inc.*µ
				4.000%, 03/15/29			728,187
	1,055,000			Macquarie Airfinance Holdings, Ltd.*
				8.125%, 03/30/29			1,116,928
	1,623,000			MetLife, Inc.
				6.400%, 12/15/66			1,660,637
	1,415,000			Nationstar Mortgage Holdings, Inc.*
				5.500%, 08/15/28			1,375,422
	650,000			Necessity Retail REIT, Inc. / American Finance Operating Partner, LP*
				4.500%, 09/30/28			592,423
	525,000			Newmark Group, Inc.
				7.500%, 01/12/29			551,618
				OneMain Finance Corp.
	730,000			9.000%, 01/15/29			774,676
	715,000			3.875%, 09/15/28			655,326
	530,000			7.500%, 05/15/31			545,354
	530,000			Park Intermediate Holdings, LLC / PK Domestic Property, LLC / PK Finance Co-Issuer*
				7.000%, 02/01/30			539,704
	1,602,000			PHH Mortgage Corp.*
				7.875%, 03/15/26			1,578,467
				RHP Hotel Properties, LP / RHP Finance Corp.*
	1,200,000			4.500%, 02/15/29			1,138,008
	1,050,000			6.500%, 04/01/32			1,062,569
				Rocket Mortgage, LLC / Rocket Mortgage Co-Issuer, Inc.*
	475,000			3.625%, 03/01/29			436,715
	470,000			3.875%, 03/01/31			418,718
	240,000			2.875%, 10/15/26			226,927
	775,000			Service Properties Trust
				8.375%, 06/15/29			771,877
	1,310,000			StoneX Group, Inc.*
				7.875%, 03/01/31			1,364,745
				United Wholesale Mortgage, LLC*
	1,212,000			5.500%, 04/15/29			1,170,877
	525,000			5.750%, 06/15/27			518,747
				Uniti Group, LP / Uniti Group Finance, Inc. / CSL Capital, LLC*
	525,000			6.500%, 02/15/29			398,911
	650,000			10.500%, 02/15/28			657,994
	525,000			VFH Parent, LLC / Valor Co-Issuer, Inc.*
				7.500%, 06/15/31			540,939
	1,200,000			VZ Secured Financing, BV*
				5.000%, 01/15/32			1,051,620
	1,091,000			XHR, LP*
				6.375%, 08/15/25			1,091,775
							56,024,288
			Health Care (2.5%)
				CHS/Community Health Systems, Inc.*
	2,075,000			6.125%, 04/01/30			1,586,483
	785,000			10.875%, 01/15/32			843,836
	594,000			6.875%, 04/15/29			487,876
	130,000			5.250%, 05/15/30			113,625
				DaVita, Inc.*
	1,220,000			3.750%, 02/15/31			1,056,874
	1,154,000			4.625%, 06/01/30			1,058,218
				Embecta Corp.*
	783,000			5.000%, 02/15/30^			672,981
	260,000			6.750%, 02/15/30			232,253
				Encompass Health Corp.
	525,000			4.750%, 02/01/30			502,131
	525,000			4.500%, 02/01/28			507,927
	1,234,000			HCA, Inc.^
				7.500%, 11/06/33			1,396,333
	340,000			Jazz Securities DAC*
				4.375%, 01/15/29			319,987
				Medline Borrower, LP*
	1,297,000			5.250%, 10/01/29			1,254,640
	1,295,000			3.875%, 04/01/29			1,209,504
	129,000			Medline Borrower, LP / Medline Co-Issuer, Inc.*
				6.250%, 04/01/29			131,831
				Organon & Company / Organon Foreign Debt Co-Issuer, BV*
	1,900,000			5.125%, 04/30/31^			1,748,247
	450,000			4.125%, 04/30/28			423,288
				Tenet Healthcare Corp.
	2,465,000			6.250%, 02/01/27			2,471,261
	1,420,000			6.875%, 11/15/31			1,520,720
				Teva Pharmaceutical Finance Netherlands III, BV
	1,320,000			5.125%, 05/09/29^			1,281,773
	1,000,000			4.750%, 05/09/27			969,970
	500,000			3.150%, 10/01/26			473,570
							20,263,328
			Industrials (5.5%)
	1,050,000			Aar Escrow Issuer, LLC*
				6.750%, 03/15/29			1,073,856
	1,200,000			ACCO Brands Corp.*^
				4.250%, 03/15/29			1,097,364
	825,000			AerCap Holdings, NV^‡
				5.875%, 10/10/79
				5 year CMT + 4.54%			823,375
	1,055,000			Air Lease Corp.‡
				4.125%, 12/15/26
				5 year CMT + 3.15%			972,014
				Albertsons Companies, Inc. / Safeway, Inc. / New Albertsons, LP / Albertsons, LLC*
	1,750,000			4.625%, 01/15/27			1,707,405
	780,000			5.875%, 02/15/28			774,540
	587,000			Arcosa, Inc.*
				4.375%, 04/15/29			554,069

See accompanying Notes to Schedule of Investments

5

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	2,650,000			ARD Finance, SA*
				6.500%, 06/30/27
				7.250% PIK rate		$	683,726
	821,000			Beacon Roofing Supply, Inc.*
				4.125%, 05/15/29			755,706
				Bombardier, Inc.*
	520,000			8.750%, 11/15/30			564,195
	395,000			7.000%, 06/01/32			404,164
	325,000			7.250%, 07/01/31			335,075
	303,000			7.875%, 04/15/27			303,730
	1,044,000			BWX Technologies, Inc.*
				4.125%, 04/15/29			985,139
	1,078,000			Cascades, Inc. / Cascades USA, Inc.*
				5.375%, 01/15/28			1,047,848
	257,000			Delta Air Lines, Inc. / SkyMiles IP, Ltd.*µ
				4.750%, 10/20/28			254,127
	1,360,000			Deluxe Corp.*
				8.000%, 06/01/29			1,288,709
	1,048,000			Eco Material Technologies, Inc.*
				7.875%, 01/31/27			1,067,189
	995,000			Emerald Debt Merger Sub, LLC*
				6.625%, 12/15/30			1,014,164
				EnerSys*
	500,000			6.625%, 01/15/32			510,225
	500,000			4.375%, 12/15/27			479,625
	395,000			EquipmentShare.com, Inc.*
				8.625%, 05/15/32			410,626
	634,000			Graham Packaging Company, Inc.*^
				7.125%, 08/15/28			618,347
				Graphic Packaging International, LLC*
	675,000			4.750%, 07/15/27			662,560
	484,000			3.500%, 03/01/29			440,440
	1,141,000			Great Lakes Dredge & Dock Corp.*^
				5.250%, 06/01/29			1,027,025
	2,438,000			H&E Equipment Services, Inc.*
				3.875%, 12/15/28			2,230,551
				Herc Holdings, Inc.*
	1,350,000			5.500%, 07/15/27			1,339,753
	525,000			6.625%, 06/15/29			536,471
				JELD-WEN, Inc.*
	727,000			4.625%, 12/15/25			717,113
	540,000			4.875%, 12/15/27			515,219
	1,690,000			Ken Garff Automotive, LLC*
				4.875%, 09/15/28			1,605,551
	1,040,000			Knife River Holding Company*
				7.750%, 05/01/31			1,095,141
	255,000			MasTec, Inc.*µ
				4.500%, 08/15/28			246,758
	525,000			Masterbrand, Inc.*
				7.000%, 07/15/32			539,821
	650,000			Moog, Inc.*
				4.250%, 12/15/27			623,038
	1,302,000			Newfold Digital Holdings Group, Inc.*^
				6.000%, 02/15/29			898,875
	1,040,000			Novelis Corp.*
				4.750%, 01/30/30			981,302
	390,000			OI European Group, BV*
				4.750%, 02/15/30			359,440
	683,000			Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer, LLC*
				4.000%, 10/15/27			646,132
				Sealed Air Corp.*
	809,000			6.125%, 02/01/28			816,467
	265,000			6.500%, 07/15/32			268,519
	261,000			5.000%, 04/15/29			252,778
	260,000			Sealed Air Corp./Sealed Air Corp. U.S.*
				7.250%, 02/15/31			271,011
	400,000			Sensata Technologies, BV*
				4.000%, 04/15/29			371,060
				Sensata Technologies, Inc.*
	519,000			3.750%, 02/15/31			459,273
	200,000			6.625%, 07/15/32			203,546
	1,030,000			Standard Industries, Inc.*
				5.000%, 02/15/27			1,008,895
	835,000			Stericycle, Inc.*
				3.875%, 01/15/29			794,945
				TransDigm, Inc.*
	1,125,000			6.875%, 12/15/30			1,158,356
	790,000			6.750%, 08/15/28			806,440
	390,000			7.125%, 12/01/31			405,760
	254,000			6.625%, 03/01/32			260,076
	519,000			Tronox, Inc.*
				4.625%, 03/15/29			473,344
	344,274			United Airlines Pass Through Trust Series 2019-2, Class B
				3.500%, 11/01/29			322,591
	1,039,000			Vertiv Group Corp.*
				4.125%, 11/15/28			985,907
	1,095,000			Wabash National Corp.*
				4.500%, 10/15/28			1,001,060
	915,000			Waste Pro USA, Inc.*
				5.500%, 02/15/26			909,025
				Williams Scotsman, Inc.*
	604,000			4.625%, 08/15/28			575,552
	530,000			7.375%, 10/01/31			551,460
	390,000			6.625%, 06/15/29			397,433
							44,483,906
			Information Technology (1.8%)
	266,000			Booz Allen Hamilton, Inc.*µ
				4.000%, 07/01/29			251,769
	604,000			Coherent Corp.*^
				5.000%, 12/15/29			576,132
	471,000			Dell International, LLC / EMC Corp.µ
				6.020%, 06/15/26			478,880
	522,000			Dun & Bradstreet Corp.*^
				5.000%, 12/15/29			497,330
	520,000			Fair Isaac Corp.*
				4.000%, 06/15/28			489,949
	1,130,000			KBR, Inc.*
				4.750%, 09/30/28			1,076,110
				MPH Acquisition Holdings, LLC*
	1,130,000			5.750%, 11/01/28			676,508
	520,000			5.500%, 09/01/28			406,968
	528,000			NCL Corp., Ltd.*
				8.125%, 01/15/29			561,755
	522,000			NCR Voyix Corp.*
				5.125%, 04/15/29			499,215
	771,000			ON Semiconductor Corp.*
				3.875%, 09/01/28			721,348

See accompanying Notes to Schedule of Investments

6

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
				Open Text Corp.*
	780,000			3.875%, 02/15/28		$	729,409
	525,000			6.900%, 12/01/27			545,034
	391,000			3.875%, 12/01/29			355,278
	391,000			Open Text Holdings, Inc.*
				4.125%, 12/01/31			348,776
	908,000			Playtika Holding Corp.*
				4.250%, 03/15/29			809,636
	1,450,000			TTM Technologies, Inc.*
				4.000%, 03/01/29			1,350,472
				Twilio, Inc.
	725,000			3.625%, 03/15/29^			658,684
	259,000			3.875%, 03/15/31			232,673
	394,000			UKG, Inc.*
				6.875%, 02/01/31			405,028
	1,300,000			Viavi Solutions, Inc.*
				3.750%, 10/01/29			1,129,986
	530,000			Zebra Technologies Corp.*
				6.500%, 06/01/32			544,946
	1,200,000			ZoomInfo Technologies, LLC / ZoomInfo Finance Corp.*
				3.875%, 02/01/29			1,097,196
							14,443,082
			Materials (1.6%)
	555,000			ArcelorMittal, SA
				7.000%, 10/15/39			612,548
	500,000			ATI, Inc.
				5.875%, 12/01/27			497,005
	258,000			Carpenter Technology Corp.
				7.625%, 03/15/30			269,416
	1,040,000			Chemours Company*^
				4.625%, 11/15/29			911,966
	1,640,000			Clearwater Paper Corp.*
				4.750%, 08/15/28			1,551,817
	780,000			Cleveland-Cliffs, Inc.*
				6.750%, 04/15/30			787,215
				Commercial Metals Company
	522,000			4.125%, 01/15/30			483,957
	261,000			4.375%, 03/15/32			238,919
				Constellium, SE*
	785,000			3.750%, 04/15/29^			717,215
	425,000			6.375%, 08/15/32			424,877
	512,000			HB Fuller Company
				4.250%, 10/15/28			478,582
	800,000			JW Aluminum Continuous Cast Company*
				10.250%, 06/01/26			801,792
	920,000			Kaiser Aluminum Corp.*
				4.625%, 03/01/28			864,073
				Mercer International, Inc.
	1,107,000			5.125%, 02/01/29^			939,157
	520,000			12.875%, 10/01/28*			557,960
	1,015,000			OCI, NV*
				6.700%, 03/16/33			1,013,792
	785,000			Owens-Brockway Glass Container, Inc.*
				7.250%, 05/15/31			777,409
	1,194,000			Silgan Holdings, Inc.
				4.125%, 02/01/28			1,139,983
	521,000			Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc.*
				5.125%, 04/01/29			202,190
							13,269,873
			Other (0.1%)
				Gen Digital, Inc.*
	475,000			6.750%, 09/30/27			483,465
	215,000			7.125%, 09/30/30^			222,497
							705,962
			Real Estate (0.4%)
	834,000			EPR Properties^
				3.750%, 08/15/29			763,410
				Forestar Group, Inc.*
	750,000			5.000%, 03/01/28			724,740
	551,000			3.850%, 05/15/26			532,977
	1,168,000			MIWD Holdco II, LLC / MIWD Finance Corp.*^
				5.500%, 02/01/30			1,093,447
							3,114,574
			Special Purpose Acquisition Companies (0.2%)
	260,000			Clydesdale Acquisition Holdings, Inc.*
				6.875%, 01/15/30			259,504
				Fertitta Entertainment, LLC / Fertitta Entertainment Finance Company, Inc.*
	1,045,000			6.750%, 01/15/30			927,312
	524,000			4.625%, 01/15/29			490,186
							1,677,002
			Utilities (0.3%)
	390,000			AES Corp.‡
				7.600%, 01/15/55
				5 year CMT + 3.20%			396,271
	390,000			Entergy Corp.‡
				7.125%, 12/01/54
				5 year CMT + 2.67%			390,858
	390,000			NiSource, Inc.^‡
				6.950%, 11/30/54
				5 year CMT + 2.45%			395,058
	379,000			PPL Capital Funding, Inc.‡
				8.261%, 03/30/67
				3 mo. LIBOR + 2.67%			377,780
				Vistra Corp.*‡
	525,000			7.000%, 12/15/26
				5 year CMT + 5.74%			528,181
	270,000			8.000%, 10/15/26
				5 year CMT + 6.93%			276,267
							2,364,415
				Total Corporate Bonds
				(Cost $318,939,934)			323,414,738
Convertible Bonds (102.3%)
			Communication Services (7.7%)
	1,040,000			Cable One, Inc.µ
				0.000%, 03/15/26			930,987
	8,750,000			Liberty Media Corp.*µ
				2.375%, 09/30/53			9,554,562
	9,750,000			Liberty Media Corp.-Liberty Formula One
				2.250%, 08/15/27			10,982,400
	5,750,000			Match Group Financeco 3, Inc.*^µ
				2.000%, 01/15/30			5,091,798
	16,500,000			Sea, Ltd.^
				0.250%, 09/15/26			14,569,830

See accompanying Notes to Schedule of Investments

7

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	17,500,000			Snap, Inc.*^
				0.500%, 05/01/30		$	16,348,500
	3,750,000			Zillow Group, Inc.^
				1.375%, 09/01/26			4,655,363
							62,133,440
			Consumer Discretionary (23.0%)
	12,250,000			Airbnb, Inc.µ
				0.000%, 03/15/26			11,238,395
	8,750,000			Alibaba Group Holding, Ltd.*
				0.500%, 06/01/31			8,798,125
	5,000,000			Booking Holdings, Inc.µ
				0.750%, 05/01/25			9,866,850
	4,500,000			Carnival Corp.
				5.750%, 12/01/27			6,803,145
	7,500,000			Chegg, Inc.
				0.000%, 09/01/26			6,203,175
	7,320,000			DISH Network Corp.
				0.000%, 12/15/25			5,377,345
	12,500,000			DraftKings Holdings, Inc.µ
				0.000%, 03/15/28			10,592,125
	14,000,000			Etsy, Inc.µ
				0.125%, 09/01/27			11,962,300
	18,500,000			Ford Motor Companyµ
				0.000%, 03/15/26			17,981,815
	4,500,000			JD.com, Inc.*^
				0.250%, 06/01/29			4,221,315
	2,620,000			Lucid Group, Inc.*
				1.250%, 12/15/26			1,649,002
	11,000,000			Marriott Vacations Worldwide Corp.µ
				3.250%, 12/15/27			10,108,780
	8,750,000			Meritage Homes Corp.*
				1.750%, 05/15/28			9,688,000
	12,250,000			Rivian Automotive, Inc.µ
				4.625%, 03/15/29			13,509,545
	2,250,000			Royal Caribbean Cruises, Ltd.
				6.000%, 08/15/25			7,141,028
	6,250,000			Shake Shack, Inc.
				0.000%, 03/01/28			5,397,125
	3,500,000			Stride, Inc.^
				1.125%, 09/01/27			5,326,650
	8,750,000			Trip.com Group, Ltd.*
				0.750%, 06/15/29			8,183,088
	16,250,000			Vail Resorts, Inc.µ
				0.000%, 01/01/26			14,986,887
	14,500,000			Wayfair, Inc.µ
				3.250%, 09/15/27			16,881,770
							185,916,465
			Consumer Staples (1.2%)
	5,000,000			Post Holdings, Inc.^
				2.500%, 08/15/27			5,693,900
	4,500,000			Spectrum Brands, Inc.*µ
				3.375%, 06/01/29			4,368,105
							10,062,005
			Energy (1.9%)
	4,500,000			Kosmos Energy, Ltd.*
				3.125%, 03/15/30			4,714,830
	5,265,000			Nabors Industries, Inc.
				1.750%, 06/15/29			4,416,387
	4,500,000			Northern Oil & Gas, Inc.
				3.625%, 04/15/29			5,733,045
				SunEdison, Inc.@
	10,545,000			0.000%, 01/15/49*			105,450
	1,027,000			0.000%, 10/01/49			10,270
							14,979,982
			Financials (1.6%)
	4,500,000			Coinbase Global, Inc.*µ
				0.250%, 04/01/30			4,454,505
	9,000,000			Global Payments, Inc.*^µ
				1.500%, 03/01/31			8,483,670
							12,938,175
			Health Care (17.5%)
	5,000,000			Alnylam Pharmaceuticals, Inc.
				1.000%, 09/15/27			5,411,150
	6,000,000			Alphatec Holdings, Inc.
				0.750%, 08/01/26			5,772,120
	10,250,000			CONMED Corp.µ
				2.250%, 06/15/27			9,231,867
	13,500,000			CryoPort, Inc.*
				0.750%, 12/01/26			11,538,585
				Dexcom, Inc.µ
	17,458,000			0.250%, 11/15/25			16,422,566
	8,750,000			0.375%, 05/15/28			7,661,500
	3,067,000			Enovis Corp.*
				3.875%, 10/15/28			3,327,511
				Exact Sciences Corp.µ
	7,500,000			0.375%, 03/15/27			6,640,125
	4,000,000			2.000%, 03/01/30*			3,695,440
	7,750,000			Halozyme Therapeutics, Inc.µ
				1.000%, 08/15/28			8,900,410
	2,278,000			Immunocore Holdings, PLC*
				2.500%, 02/01/30			1,996,781
	1,750,000			Insmed, Inc.
				0.750%, 06/01/28			3,988,443
	5,000,000			Insulet Corp.
				0.375%, 09/01/26			5,416,050
	7,000,000			Integer Holdings Corp.
				2.125%, 02/15/28			10,240,720
	4,750,000			Ionis Pharmaceuticals, Inc.^
				0.000%, 04/01/26			5,013,910
	4,500,000			iRhythm Technologies, Inc.*
				1.500%, 09/01/29			4,118,985
	10,905,000			Jazz Investments I, Ltd.µ
				2.000%, 06/15/26			10,688,100
	3,040,000			Lantheus Holdings, Inc.^
				2.625%, 12/15/27			4,556,352
	11,250,000			NeoGenomics, Inc.
				0.250%, 01/15/28			9,168,412
	3,607,000			Pacira BioSciences, Inc.
				0.750%, 08/01/25			3,381,021
	4,000,000			Sarepta Therapeutics, Inc.
				1.250%, 09/15/27			4,852,960
							142,023,008
			Industrials (6.9%)
	4,750,000			Axon Enterprise, Inc.
				0.500%, 12/15/27			6,675,080
	3,500,000			Fluor Corp.*^
				1.125%, 08/15/29			4,294,780
	7,750,000			John Bean Technologies Corp.
				0.250%, 05/15/26			7,159,295
	4,500,000			Tetra Tech, Inc.*^
				2.250%, 08/15/28			5,454,405
				Uber Technologies, Inc.µ
	21,750,000			0.000%, 12/15/25			22,481,888

See accompanying Notes to Schedule of Investments

8

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	8,646,000			0.875%, 12/01/28*		$	9,665,190
							55,730,638
			Information Technology (35.9%)
	4,500,000			Advanced Energy Industries, Inc.*
				2.500%, 09/15/28			4,885,245
				Akamai Technologies, Inc.
	9,000,000			1.125%, 02/15/29*µ			8,971,650
	4,750,000			0.375%, 09/01/27^			4,838,730
	10,000,000			Bentley Systems, Inc.µ
				0.125%, 01/15/26			9,884,200
	11,750,000			BILL Holdings, Inc.µ
				0.000%, 04/01/27			10,134,845
	6,250,000			Confluent, Inc.µ
				0.000%, 01/15/27			5,449,563
	5,250,000			CyberArk Software, Ltd.
				0.000%, 11/15/24			8,566,215
	5,125,000			Datadog, Inc.
				0.125%, 06/15/25			6,809,126
	6,750,000			DigitalOcean Holdings, Inc.µ
				0.000%, 12/01/26			5,745,938
	10,012,000			Enphase Energy, Inc.µ
				0.000%, 03/01/26			9,279,522
	2,250,000			Five9, Inc.µ
				0.500%, 06/01/25			2,151,135
	4,250,000			Itron, Inc.*^
				1.375%, 07/15/30			4,328,115
	5,500,000			MicroStrategy, Inc.*
				0.625%, 03/15/30			6,947,600
	15,000,000			MKS Instruments, Inc.*µ
				1.250%, 06/01/30			15,829,200
				NCL Corp., Ltd.
	6,500,000			1.125%, 02/15/27µ			6,079,320
	5,000,000			2.500%, 02/15/27µ			4,776,800
	3,250,000			5.375%, 08/01/25			3,843,125
	3,500,000			Nutanix, Inc.
				0.250%, 10/01/27			3,851,820
	4,250,000			Okta, Inc.µ
				0.375%, 06/15/26			3,909,490
	18,500,000			ON Semiconductor Corp.µ
				0.500%, 03/01/29			19,086,820
	3,250,000			Palo Alto Networks, Inc.µ
				0.375%, 06/01/25			10,612,290
	6,750,000			Parsons Corp.*
				2.625%, 03/01/29			7,749,405
	8,250,000			Rapid7, Inc.*
				1.250%, 03/15/29			7,597,590
	12,250,000			Repay Holdings Corp.*
				0.000%, 02/01/26			11,179,228
	6,250,000			Seagate HDD Cayman*
				3.500%, 06/01/28			8,528,125
	15,000,000			Shift4 Payments, Inc.µ
				0.000%, 12/15/25			16,296,150
	4,600,000			SK Hynix, Inc.
				1.750%, 04/11/30			7,912,230
	13,500,000			Super Micro Computer, Inc.*µ
				0.000%, 03/01/29			12,805,425
	10,750,000			Tyler Technologies, Inc.^
				0.250%, 03/15/26			13,025,452
	13,250,000			Unity Software, Inc.µ
				0.000%, 11/15/26			11,535,582
	4,250,000			Vertex, Inc.*
				0.750%, 05/01/29			5,462,780
	8,750,000			Western Digital Corp.*µ
				3.000%, 11/15/28			12,765,725
	7,000,000			Wix.com, Ltd.
				0.000%, 08/15/25			6,600,230
				Wolfspeed, Inc.
	9,500,000			1.875%, 12/01/29			4,735,940
	5,711,000			0.250%, 02/15/28			3,037,909
	4,500,000			Zscaler, Inc.
				0.125%, 07/01/25			5,734,755
							290,947,275
			Materials (1.4%)
	1,125,000			ATI, Inc.^~
				3.500%, 06/15/25			4,925,273
	6,858,000			MP Materials Corp.*µ
				0.250%, 04/01/26			6,167,879
							11,093,152
			Other (0.0%)
	525,000			Multiplan Corp.*
				6.000%, 10/15/27
				7.000% PIK rate			371,322
			Real Estate (0.7%)
	6,500,000			Pebblebrook Hotel Trust
				1.750%, 12/15/26			5,806,580
			Utilities (4.5%)
	4,500,000			CMS Energy Corp.
				3.375%, 05/01/28			4,592,430
	16,500,000			PPL Capital Funding, Inc.µ
				2.875%, 03/15/28			16,400,340
	14,500,000			Southern Companyµ
				3.875%, 12/15/25			15,364,635
							36,357,405
				Total Convertible Bonds
				(Cost $856,308,017)			828,359,447
Bank Loans (8.3%) ¡
			Airlines (0.2%)
	698,250			Air Canada‡
				7.847%, 03/21/31
				3 mo. SOFR + 2.50%			701,417
	660,000			American Airlines, Inc.‡
				10.294%, 04/20/28
				3 mo. SOFR + 4.75%			683,635
	688,275			United Airlines, Inc.‡
				8.033%, 02/22/31
				3 mo. SOFR + 2.75%			691,840
							2,076,892
			Communication Services (1.1%)
	57,316			Audacy Capital Corp.‡
				11.458%, 08/19/24
				1 mo. SOFR + 6.00%			57,387
	498,721			Cincinnati Bell, Inc.‡
				8.694%, 11/22/28
				1 mo. SOFR + 3.25%			498,410
	489,198			Clear Channel Outdoor Holdings, Inc.‡
				9.458%, 08/23/28
				1 mo. SOFR + 4.00%			491,644
	1,994,778			CSC Holdings, LLC‡
				7.943%, 04/15/27
				1 mo. LIBOR + 2.50%			1,707,400

See accompanying Notes to Schedule of Investments

9

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	795,186			Directv Financing, LLC‡
				10.458%, 08/02/27
				1 mo. SOFR + 5.00%		$	800,394
	1,527,000			Entercom Media Corp.‡
				8.145%, 11/18/24
				3 mo. SOFR + 0.00%			723,416
	775,000			Gray Television, Inc.‡
				10.593%, 06/04/29
				1 mo. SOFR + 5.25%			754,443
	773,028			Sinclair Television Group, Inc.‡
				9.194%, 04/21/29
				1 mo. SOFR + 3.75%			550,624
	1,050,000			Telesat Canada‡
				8.359%, 12/07/26
				3 mo. SOFR + 2.75%			508,268
	1,050,000			TripAdvisor, Inc.‡
				8.094%, 07/08/31
				1 mo. SOFR + 2.75%			1,050,872
	1,075,000			Virgin Media Bristol, LLC!
				0.000%, 01/31/28			1,037,902
	533,587			Windstream Services, LLC‡
				11.694%, 09/21/27
				1 mo. SOFR + 6.25%			537,589
							8,718,349
			Consumer Discretionary (1.9%)
	548,625			Adient U.S., LLC‡
				8.094%, 01/31/31
				1 mo. SOFR + 2.75%			552,205
	768,000			American Axle & Manufacturing, Inc.‡
				8.326%, 12/12/29
				1 mo. SOFR + 3.00%			773,038
	1,521,025			Caesars Entertainment, Inc.‡
				8.097%, 02/06/30
				1 mo. SOFR + 3.25%			1,528,630
	928,377			Carnival Corp.‡
				8.094%, 10/18/28
				1 mo. SOFR + 2.75%			935,344
	801,194			Carnival Corp.‡
				8.094%, 08/08/27
				1 mo. SOFR + 2.75%			807,828
	1,047,368			Flutter Financing, BV‡
				7.585%, 11/29/30			1,050,207
	1,300,540			Hanesbrands, Inc.‡
				9.094%, 03/08/30
				1 mo. SOFR + 3.75%			1,306,639
	810,912			Life Time Fitness, Inc.‡
				9.591%, 01/15/26
				3 mo. SOFR + 4.00%			815,980
	1,179,045			Light & Wonder International, Inc.‡
				7.585%, 04/14/29			1,188,625
	445,000			Peloton Interactive, Inc.‡
				11.346%, 05/23/29			446,112
	2,263,627			PetSmart, Inc.‡
				9.194%, 02/11/28
				1 mo. SOFR + 3.75%			2,250,419
	787,500			Staples, Inc.‡
				11.084%, 09/04/29			734,147
	1,047,375			Station Casinos, LLC‡
				7.594%, 03/14/31
				1 mo. SOFR + 2.25%			1,050,323
	641,750			TKC Holdings, Inc.‡
				11.109%, 05/15/28
				1 mo. SOFR + 5.50%			642,453
	1,044,091			Windsor Holdings III, LLC‡
				9.345%, 08/01/30
				1 mo. SOFR + 4.00%			1,053,681
							15,135,631
			Consumer Staples (0.7%)
	2,434,374			Amneal Pharmaceuticals, LLC‡
				10.844%, 05/04/28
				1 mo. SOFR + 5.50%			2,460,738
	790,000			B&G Foods, Inc.!
				0.000%, 10/10/29			783,708
	1,050,000			Fiesta Purchaser, Inc.‡
				9.344%, 02/12/31
				1 mo. SOFR + 4.00%			1,057,817
	1,047,375			Star Parent, Inc.‡
				9.085%, 09/27/30
				3 mo. SOFR + 4.00%			1,050,349
	658,350			United Natural Foods, Inc.‡
				10.099%, 05/01/31
				1 mo. SOFR + 4.75%			664,114
							6,016,726
			Energy (0.3%)
	812,962			Buckeye Partners, LP‡
				7.344%, 11/22/30
				1 mo. SOFR + 2.00%			814,580
	522,375			New Fortress Energy, Inc.‡
				10.252%, 10/27/28
				3 mo. SOFR + 5.00%			516,010
	1,544,035			Par Petroleum, LLC‡
				9.064%, 02/28/30
				3 mo. SOFR + 3.75%			1,555,615
							2,886,205
			Financials (1.4%)
	1,412,538			Advisor Group, Inc.‡
				9.344%, 08/17/28
				1 mo. SOFR + 4.00%			1,393,553
	859,913			Alliant Holdings Intermediate, LLC‡
				8.845%, 11/06/30
				1 mo. SOFR + 3.50%			864,535
	774,160			Amynta Agency Borrower, Inc.‡
				9.099%, 02/28/28
				1 mo. SOFR + 3.75%			776,788
	1,296,750			AssuredPartners, Inc.‡
				8.844%, 02/14/31
				1 mo. SOFR + 3.50%			1,302,592
	784,085			Avolon TLB Borrower 1 (US), LLC‡
				7.345%, 06/22/28
				1 mo. SOFR + 2.00%			787,535
	548,625			Broadstreet Partners, Inc.‡
				8.594%, 06/14/31
				1 mo. SOFR + 3.25%			550,276
	1,097,250			HUB International, Ltd.‡
				8.532%, 06/20/30
				3 mo. SOFR + 3.25%			1,099,856
	781,075			Iron Mountain, Inc.‡
				7.344%, 01/31/31
				1 mo. SOFR + 2.00%			779,856
	1,833,774			Jazz Financing Lux Sarl‡
				7.594%, 05/05/28
				1 mo. SOFR + 2.25%			1,839,010

See accompanying Notes to Schedule of Investments

10

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	775,000			Level 3 Financing, Inc.‡
				11.910%, 04/15/29
				1 mo. SOFR + 6.56%		$	770,017
	1,050,000			VFH Parent, LLC‡
				8.094%, 06/21/31
				1 mo. SOFR + 2.75%			1,052,294
							11,216,312
			Health Care (0.5%)
	156,290			Icon Luxembourg Sarl‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			157,444
	1,152,941			Padagis, LLC‡
				10.326%, 07/06/28
				3 mo. SOFR + 4.75%			1,115,471
	38,940			PRA Health Sciences, Inc.‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			39,227
	2,563,743			Team Health Holdings, Inc.‡
				10.502%, 03/02/27
				3 mo. SOFR + 5.25%			2,413,123
	7,373			Team Health Holdings, Inc.‡
				10.593%, 03/02/27
				1 mo. SOFR + 5.25%			6,940
							3,732,205
			Industrials (0.5%)
	1,036,059			ACProducts, Inc.‡
				9.846%, 05/17/28
				3 mo. SOFR + 4.25%			829,500
	982,637			ChampionX Corp.‡
				8.197%, 06/07/29
				1 mo. SOFR + 2.75%			988,164
	1,050,000			MI Windows & Doors, LLC‡
				8.844%, 03/28/31
				1 mo. SOFR + 3.50%			1,054,688
	259,350			Reynolds Group Holdings, Inc.‡
				7.849%, 09/24/28
				1 mo. SOFR + 2.50%			260,188
	255,000			Reynolds Group Holdings, Inc.!
				0.000%, 09/24/28			255,824
	1,062,338			TransDigm, Inc.‡
				7.846%, 02/28/31
				1 mo. SOFR + 3.25%			1,066,258
							4,454,622
			Information Technology (0.8%)
	1,396,383			Banff Merger Sub, Inc.‡
				9.597%, 12/29/28
				1 mo. SOFR + 4.25%			1,392,089
	806,958			Camelot US Acquisition, LLC‡
				8.094%, 01/31/31
				1 mo. SOFR + 2.75%			808,673
	457,975			Central Parent, Inc.‡
				8.585%, 07/06/29			454,073
	999,277			Dun & Bradstreet Corp.‡
				8.097%, 01/18/29
				1 mo. SOFR + 2.75%			1,002,600
	329,152			Endure Digital, Inc.‡
				8.949%, 02/10/28
				1 mo. SOFR + 3.50%			295,907
	889,943			II-VI, Inc.‡
				7.844%, 07/02/29
				1 mo. SOFR + 2.50%			893,725
	782,719			SS&C Technologies, Inc.‡
				7.344%, 05/09/31
				1 mo. SOFR + 2.00%			786,504
	510,000			UKG, Inc.‡
				8.555%, 02/10/31
				3 mo. SOFR + 3.50%			512,116
							6,145,687
			Materials (0.7%)
	779,113			Chemours Company‡
				8.844%, 08/18/28
				1 mo. SOFR + 3.50%			779,763
	600,000			Ineos U.S. Finance, LLC!
				0.000%, 02/18/30			598,287
	1,042,125			Ineos US Finance LLC‡
				8.594%, 02/18/30
				1 mo. SOFR + 3.25%			1,039,150
	1,301,808			LSF11 A5 Holdco, LLC‡
				8.958%, 10/15/28
				1 mo. SOFR + 3.50%			1,305,876
	639,755			Trinseo Materials Operating SCA‡
				8.109%, 05/03/28
				3 mo. SOFR + 2.50%			500,886
	136,647			Trinseo Materials Operating SCA‡
				8.109%, 05/03/28
				1 mo. SOFR + 2.50%			106,986
	1,064,958			W.R. Grace & Co.-Conn.‡
				8.594%, 09/22/28
				1 mo. SOFR + 3.25%			1,072,013
							5,402,961
			Special Purpose Acquisition Companies (0.2%)
	519,400			Clydesdale Acquisition Holdings, Inc.‡
				9.119%, 04/13/29
				1 mo. SOFR + 3.68%			520,460
	259,038			Fertitta Entertainment, LLC‡
				9.079%, 01/27/29
				1 mo. SOFR + 3.75%			259,969
	1,041,450			Patagonia Holdco, LLC‡
				11.073%, 08/01/29
				3 mo. SOFR + 5.75%			970,506
							1,750,935
				Total Bank Loans
				(Cost $68,426,954)			67,536,525

NUMBER OF
SHARES						VALUE
Common Stocks (0.3%)
			Communication Services (0.0%)
	21,970			Altice USA, Inc. - Class A^#			45,917
	7,383			Cumulus Media, Inc. - Class A#			14,766
							60,683
			Energy (0.3%)
	4,350			Cheniere Energy Partners, LP			229,071
	72,575			Energy Transfer, LP			1,180,795
	43,085			Enterprise Products Partners, LP			1,243,433
	7,238			Ep Energy Corp.#			12,667

See accompanying Notes to Schedule of Investments

11

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF
SHARES						VALUE
	35			Gulfport Energy Corp.µ#		$	5,152
							2,671,118
			Total Common Stocks
			(Cost $2,822,064)				2,731,801
Convertible Preferred Stocks (4.1%)
			Energy (0.0%)
	29			Gulfport Energy Corp.#
				10.000%, 09/03/24
				15.000% PIK rate			311,750
			Financials (2.1%)
	89,885			Apollo Global Management, Inc.
				6.750%, 07/31/26			6,112,180
	8,775			Bank of America Corp.‡‡
				7.250%, 12/31/49			10,503,763
							16,615,943
			Industrials (0.6%)
	81,495			Chart Industries, Inc.
				6.750%, 12/15/25			5,070,619
			Utilities (1.4%)
				NextEra Energy, Inc.^
	194,000			6.926%, 09/01/25			8,567,040
	44,360			7.299%, 06/01/27#			2,308,938
							10,875,978
			Total Convertible Preferred Stocks
			(Cost $33,068,155)				32,874,290
Preferred Stocks (0.1%)
			Communication Services (0.1%)
				United States Cellular Corp.
	12,900			5.500%, 06/01/70			263,160
	12,370			5.500%, 03/01/70^			252,348
							515,508
			Consumer Discretionary (0.0%)
	6,662			Guitar Center, Inc.			249,825
			Total Preferred Stocks
			(Cost $1,166,613)				765,333
Warrants (0.0%) #
			Energy (0.0%)
	52,447			Mcdermott International, Ltd.
				06/30/27, Strike $15.98			5
	47,202			Mcdermott International, Ltd.
				06/30/27, Strike $12.33			5
				Total Warrants
				(Cost $20,125)			10

NUMBER OF
CONTRACTS/
NOTIONAL
AMOUNT						VALUE
Purchased Options (0.2%) #
			Other (0.2%)
	1,100			Invesco QQQ Trust Series 1
	51,817,700			Put, 01/17/25, Strike $430.00		$	1,085,700
			Industrials (0.0%)
	3,500			American Airlines Group, Inc.
	3,724,000			Call, 06/20/25, Strike $17.00			113,750
			Total Purchased Options
			(Cost $1,761,911)				1,199,450
	TOTAL INVESTMENTS (155.3%)
	(Cost $1,283,307,090)						1,257,680,262
MANDATORY REDEEMABLE PREFERRED SHARES, AT LIQUIDATION VALUE (-17.9%)							(145,000,000	)
LIABILITIES, LESS OTHER ASSETS (-37.4%)							(302,900,414	)
NET ASSETS (100.0%)						$	809,779,848

NOTES TO SCHEDULE OF INVESTMENTS
*	Securities issued and sold pursuant to a Rule 144A transaction are exempted from the registration requirement of the Securities Act of 1933, as amended. These securities may only be sold to qualified institutional buyers (“QIBs”), such as the Fund. Any resale of these securities must generally be effected through a sale that is registered under the Act or otherwise exempted from such registration requirements.
@	In default status and considered non-income producing.
^	Security, or portion of security, is on loan.
µ	Security, or portion of security, is held in a segregated account as collateral for note payable aggregating a total value of $440,592,676.
‡	Variable rate security. The rate shown is the rate in effect at July 31, 2024.
~	Security, or portion of security, is segregated as collateral (or collateral for potential future transactions) for written options. The aggregate value of such securities is $1,751,208.
¡	Bank loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown.
!	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.
#	Non-income producing security.
‡‡	Perpetual maturity.

Note:  The date on options represents the expiration date of the option contract. The option contract may be exercised at any date on or before the date shown.

See accompanying Notes to Schedule of Investments

12

Calamos Convertible and High Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

The following table summarizes the Fund's investments and derivative financial instruments categorized in the fair value hierarchy as of July 31, 2024 (see Note 2):

		LEVEL 1				LEVEL 2				LEVEL 3				TOTAL
Assets:
Asset Backed Securities		$	—			$	798,668			$	—			$	798,668
Corporate Bonds			—				323,414,738				—				323,414,738
Convertible Bonds			—				828,359,447				—				828,359,447
Bank Loans			—				67,536,525				—				67,536,525
Common Stocks			2,719,134				12,667				—				2,731,801
Convertible Preferred Stocks			32,562,540				311,750				—				32,874,290
Preferred Stocks			515,508				249,825				—				765,333
Warrants			—				10				—				10
Purchased Options			1,199,450				—				—				1,199,450
Total		$	36,996,632			$	1,220,683,630			$	—			$	1,257,680,262

See accompanying Notes to Schedule of Investments

13

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
Asset Backed Security (0.0%)
			Other (0.0%)
	955,000		SVC ABS, LLC Series 2023-1A, Class C*
			6.700%, 02/20/53
			(Cost $891,315)		$	897,327
Corporate Bonds (14.4%)
			Airlines (0.2%)
	1,015,897		Alaska Airlines Pass Through Trust Series 2020-1, Class A*
			4.800%, 02/15/29			998,170
	416,135		Alaska Airlines Pass Through Trust Series 2020-1, Class B*
			8.000%, 02/15/27			421,652
	1,170,960		American Airlines Pass Through Trust Series 2021-1, Class B
			3.950%, 01/11/32			1,084,004
	515,667		American Airlines, Inc. / AAdvantage Loyalty IP, Ltd.*
			5.500%, 04/20/26			512,573
	1,087,770		British Airways Pass Through Trust Series 2021-1, Class B*
			3.900%, 03/15/33			1,012,268
	897,628		JetBlue Pass Through Trust Series 2020-1, Class B
			7.750%, 05/15/30			926,846
						4,955,513
			Communication Services (1.2%)
	900,000		Altice France Holding, SA*
			10.500%, 05/15/27			342,126
	1,400,000		Altice France, SA*
			5.500%, 10/15/29			986,468
	1,415,000		APi Group DE, Inc.*
			4.750%, 10/15/29			1,347,207
	1,270,000		Ashtead Capital, Inc.*
			2.450%, 08/12/31			1,056,742
			Audacy Capital Corp.*@
	1,479,000		6.750%, 03/31/29			61,260
	538,000		6.500%, 05/01/27			23,903
	1,070,000		Cincinnati Bell Telephone Company, LLC
			6.300%, 12/01/28			1,008,882
			Clear Channel Outdoor Holdings, Inc.*
	600,000		7.875%, 04/01/30			611,310
	530,000		9.000%, 09/15/28^			563,782
	1,665,000		Consolidated Communications, Inc.*
			6.500%, 10/01/28			1,505,460
			CSC Holdings, LLC*
	1,800,000		4.625%, 12/01/30			719,460
	1,395,000		4.500%, 11/15/31			961,866
	1,250,000		5.750%, 01/15/30			505,400
	571,000		Directv Financing, LLC / Directv Financing Co-Obligor, Inc.*
			5.875%, 08/15/27			550,381
	1,210,000		Frontier California, Inc.
			6.750%, 05/15/27			1,183,682
	298,000		Frontier Communications Holdings, LLC*
			8.750%, 05/15/30			312,474
	1,933,000		Frontier Florida, LLC
			6.860%, 02/01/28			1,968,084
	1,785,000		Frontier North, Inc.
			6.730%, 02/15/28			1,774,504
			Go Daddy Operating Company, LLC / GD Finance Company, Inc.*
	1,030,000		3.500%, 03/01/29			937,527
	301,000		5.250%, 12/01/27			296,681
	600,000		Gray Television, Inc.*
			5.375%, 11/15/31			388,122
	302,000		Hughes Satellite Systems Corp.
			6.625%, 08/01/26			142,034
			iHeartCommunications, Inc.
	750,000		8.375%, 05/01/27			306,600
	450,000		5.250%, 08/15/27*^			295,024
	1,000,000		LCPR Senior Secured Financing DAC*
			6.750%, 10/15/27			934,090
	875,638		Ligado Networks, LLC*
			15.500%, 11/01/23			141,556
			Lumen Technologies, Inc.
	900,000		7.600%, 09/15/39			386,874
	600,000		4.000%, 02/15/27*			385,032
	300,000		7.650%, 03/15/42			124,527
	596,000		Match Group Holdings II, LLC*
			3.625%, 10/01/31			515,600
			Paramount Global
	1,160,000		4.900%, 08/15/44			848,528
	286,000		6.375%, 03/30/62‡
			5 year CMT + 4.00%			263,389
	419,000		Qwest Corp.
			7.250%, 09/15/25			416,226
	235,000		Rogers Communications, Inc.*‡
			5.250%, 03/15/82
			5 year CMT + 3.59%			227,713
			Scripps Escrow II, Inc.*
	591,000		3.875%, 01/15/29			385,421
	295,000		5.375%, 01/15/31			143,680
	985,000		Scripps Escrow, Inc.*
			5.875%, 07/15/27			685,639
			Sirius XM Radio, Inc.*
	1,500,000		5.500%, 07/01/29			1,436,055
	1,498,000		3.875%, 09/01/31			1,252,238
	585,000		3.125%, 09/01/26			557,025
	1,084,000		Spanish Broadcasting System, Inc.*
			9.750%, 03/01/26			650,638
	1,350,000		Stagwell Global, LLC*
			5.625%, 08/15/29			1,273,698
	591,000		Telesat Canada / Telesat, LLC*
			4.875%, 06/01/27			270,418
			Time Warner Cable, LLC
	900,000		6.550%, 05/01/37			880,902
	480,000		7.300%, 07/01/38			500,011
	1,066,000		United States Cellular Corp.
			6.700%, 12/15/33			1,142,688
	906,000		Univision Communications, Inc.*
			8.000%, 08/15/28			911,463
	600,000		Viasat, Inc.*
			5.625%, 04/15/27			564,144

See accompanying Notes to Schedule of Investments

1

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
	125,000		Vodafone Group, PLC‡
			7.000%, 04/04/79
			U.S. 5 yr Swap + 4.87%		$	129,309
						32,875,843
			Consumer Discretionary (3.0%)
	1,800,000		Adams Homes, Inc.*
			9.250%, 10/15/28			1,869,516
	905,000		Adient Global Holdings Company*^
			8.250%, 04/15/31			952,359
	1,050,000		American Axle & Manufacturing, Inc.^
			5.000%, 10/01/29			962,692
			Ashton Woods USA, LLC / Ashton Woods Finance Company*
	1,043,000		4.625%, 08/01/29			963,878
	301,000		6.625%, 01/15/28			302,902
	1,487,000		At Home Group, Inc.*
			4.875%, 07/15/28			566,131
			Bath & Body Works, Inc.
	1,577,000		6.694%, 01/15/27			1,607,168
	875,000		6.875%, 11/01/35			888,283
	800,000		Benteler International AG*
			10.500%, 05/15/28			854,832
			Caesars Entertainment, Inc.*
	728,000		4.625%, 10/15/29^			677,033
	605,000		8.125%, 07/01/27			618,116
			Carnival Corp.*
	601,000		4.000%, 08/01/28			569,219
	596,000		7.625%, 03/01/26			602,383
	75,000		7.000%, 08/15/29			78,355
			Carvana Company*
	257,434		14.000%, 06/01/31			300,359
	217,140		13.000%, 06/01/30			239,610
	143,434		12.000%, 12/01/28			155,088
			CCO Holdings, LLC / CCO Holdings Capital Corp.*
	2,650,000		4.750%, 03/01/30			2,373,340
	2,110,000		4.500%, 08/15/30			1,848,339
	1,460,000		5.125%, 05/01/27			1,418,799
	1,370,000		6.375%, 09/01/29			1,334,544
	1,198,000		4.250%, 02/01/31			1,020,552
	620,000		5.000%, 02/01/28			590,810
	596,000		4.750%, 02/01/32			511,213
	596,000		CDI Escrow Issuer, Inc.*
			5.750%, 04/01/30			584,587
	900,000		Cedar Fair, LP / Canada's Wonderland Company / Magnum Management Corp. / Millennium Op^
			5.250%, 07/15/29			877,194
	600,000		Churchill Downs, Inc.*
			6.750%, 05/01/31			609,270
			Dana, Inc.
	985,000		4.250%, 09/01/30			871,006
	896,000		4.500%, 02/15/32			784,152
			DISH DBS Corp.
	1,265,000		5.125%, 06/01/29			534,716
	895,000		5.250%, 12/01/26*			745,598
	739,000		7.375%, 07/01/28			342,985
	600,000		5.750%, 12/01/28*			441,816
	476,000		7.750%, 07/01/26			306,920
	1,200,000		DISH Network Corp.*
			11.750%, 11/15/27			1,201,704
	1,675,000		Empire Resorts, Inc.*
			7.750%, 11/01/26			1,618,368
	1,308,000		Everi Holdings, Inc.*
			5.000%, 07/15/29			1,296,189
	1,240,000		Ford Motor Company
			6.100%, 08/19/32			1,256,095
			Ford Motor Credit Company, LLC
	1,885,000		4.000%, 11/13/30			1,714,200
	1,555,000		7.200%, 06/10/30			1,661,906
	1,450,000		5.113%, 05/03/29			1,420,144
	1,100,000		7.350%, 11/04/27			1,159,147
	1,000,000		2.900%, 02/16/28			918,300
	447,000		Gap, Inc.*
			3.875%, 10/01/31			376,428
	600,000		General Motors Company
			5.200%, 04/01/45			540,456
			General Motors Financial Company, Inc.‡
	310,000		5.700%, 09/30/30^
			5 year CMT + 5.00%			294,689
	155,000		6.500%, 09/30/28
			3 mo. LIBOR + 3.44%			152,698
			goeasy, Ltd.*
	2,100,000		9.250%, 12/01/28			2,253,069
	1,079,000		7.625%, 07/01/29			1,106,148
			Goodyear Tire & Rubber Company^
	1,200,000		5.625%, 04/30/33			1,105,968
	635,000		5.250%, 07/15/31			594,519
			Group 1 Automotive, Inc.*
	775,000		6.375%, 01/15/30			783,045
	511,000		4.000%, 08/15/28			476,686
	680,000		Guitar Center, Inc.*^
			8.500%, 01/15/26			608,049
	1,530,900		Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.*
			11.000%, 04/15/29			1,461,458
	915,000		International Game Technology, PLC*
			6.250%, 01/15/27			923,885
	298,988		JetBlue Pass Through Trust Series 2019-2, Class B
			8.000%, 11/15/27			305,745
	1,355,000		Kohl's Corp.
			5.550%, 07/17/45			900,519
	1,200,000		LCM Investments Holdings II, LLC*
			8.250%, 08/01/31			1,258,752
	1,175,000		Liberty Interactive, LLC
			8.250%, 02/01/30			607,240
	1,159,000		Life Time, Inc.*
			8.000%, 04/15/26			1,177,127
	600,000		Light & Wonder International, Inc.*
			7.500%, 09/01/31			626,196
	450,000		Lindblad Expeditions Holdings, Inc.*
			9.000%, 05/15/28			468,824
	767,000		Lindblad Expeditions, LLC*
			6.750%, 02/15/27			767,721
	780,000		M/I Homes, Inc.
			3.950%, 02/15/30			711,703
			Macy's Retail Holdings, LLC
	1,392,000		6.700%, 07/15/34*			1,227,772
	905,000		4.300%, 02/15/43			651,138
	600,000		MGM Resorts International
			6.500%, 04/15/32			602,550

See accompanying Notes to Schedule of Investments

2

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
	1,518,000		Midwest Gaming Borrower, LLC / Midwest Gaming Finance Corp.*
			4.875%, 05/01/29		$	1,434,692
	725,000		Newell Brands, Inc.
			5.700%, 04/01/26			724,036
			Nordstrom, Inc.
	605,000		6.950%, 03/15/28			620,034
	600,000		5.000%, 01/15/44			479,352
	551,000		4.250%, 08/01/31			491,509
	1,783,000		Patrick Industries, Inc.*
			4.750%, 05/01/29			1,666,962
	1,370,000		PENN Entertainment, Inc.*^
			4.125%, 07/01/29			1,213,258
	605,000		Phinia, Inc.*
			6.750%, 04/15/29			618,014
	1,670,000		Premier Entertainment Sub, LLC / Premier Entertainment Finance Corp.*
			5.625%, 09/01/29			1,250,696
	600,000		QVC, Inc.
			5.450%, 08/15/34			382,542
	600,000		Raising Cane's Restaurants, LLC*
			9.375%, 05/01/29			648,588
	2,333,000		Rite Aid Corp.*@
			8.000%, 11/15/26			1,033,939
			Royal Caribbean Cruises, Ltd.*
	600,000		7.250%, 01/15/30			629,484
	150,000		6.250%, 03/15/32			152,915
	1,670,000		Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed*
			4.625%, 03/01/29			1,511,400
	1,800,000		Six Flags Entertainment Corp.*
			7.250%, 05/15/31			1,854,450
	748,000		Sonic Automotive, Inc.*
			4.625%, 11/15/29			684,839
	837,000		Speedway Motorsports, LLC / Speedway Funding II, Inc.*
			4.875%, 11/01/27			807,780
	1,270,000		Station Casinos, LLC*
			4.500%, 02/15/28			1,208,011
	1,200,000		STL Holding Company, LLC*
			8.750%, 02/15/29			1,250,928
	707,000		Taylor Morrison Communities, Inc.*
			5.750%, 01/15/28			708,202
	300,000		Viking Cruises, Ltd.*
			9.125%, 07/15/31			327,423
	1,355,000		Vista Outdoor, Inc.*
			4.500%, 03/15/29			1,352,168
			ZF North America Capital, Inc.*
	1,200,000		7.125%, 04/14/30			1,247,244
	400,000		6.875%, 04/23/32			413,592
	400,000		6.750%, 04/23/30			408,588
						82,752,849
			Consumer Staples (0.6%)
	1,739,000		Arrow Bidco, LLC*
			10.750%, 06/15/25			1,768,267
	300,000		B&G Foods, Inc.*
			8.000%, 09/15/28			306,276
			Brink's Company*
	600,000		6.500%, 06/15/29			612,102
	300,000		6.750%, 06/15/32			306,081
	1,358,000		Central Garden & Pet Company*
			4.125%, 04/30/31			1,209,829
	1,349,000		Edgewell Personal Care Company*
			4.125%, 04/01/29			1,256,216
			Energizer Holdings, Inc.*
	1,641,000		4.375%, 03/31/29			1,516,169
	298,000		6.500%, 12/31/27^			299,985
			JBS USA LUX, SA / JBS USA Food Company / JBS USA Finance, Inc.
	1,195,000		5.500%, 01/15/30^			1,196,888
	740,000		5.125%, 02/01/28^			740,614
	320,000		5.750%, 04/01/33			322,822
	290,000		Land O' Lakes, Inc.*
			7.000%, 09/18/28			227,717
	751,000		New Albertsons, LP
			7.750%, 06/15/26			771,570
	1,192,000		Performance Food Group, Inc.*
			4.250%, 08/01/29			1,104,984
	900,000		Pilgrim's Pride Corp.
			4.250%, 04/15/31			837,126
	600,000		Post Holdings, Inc.*
			6.250%, 02/15/32			608,934
	1,124,000		Prestige Brands, Inc.*
			3.750%, 04/01/31			992,661
	605,000		RR Donnelley & Sons Company*
			9.500%, 08/01/29			609,235
	1,015,000		United Natural Foods, Inc.*^
			6.750%, 10/15/28			929,273
	1,257,000		Vector Group, Ltd.*
			5.750%, 02/01/29			1,208,442
						16,825,191
			Energy (2.1%)
	1,187,000		Apache Corp.
			5.100%, 09/01/40			1,042,649
			Buckeye Partners, LP
	900,000		6.875%, 07/01/29*			914,760
	600,000		5.850%, 11/15/43			535,662
	591,000		Cheniere Energy, Inc.
			4.625%, 10/15/28			579,919
	892,000		Chesapeake Energy Corp.*
			6.750%, 04/15/29			902,847
	1,688,000		Civitas Resources, Inc.*
			8.750%, 07/01/31			1,818,212
			Continental Resources, Inc.
	600,000		4.900%, 06/01/44			507,138
	600,000		2.875%, 04/01/32*^			498,624
	921,000		DT Midstream, Inc.*
			4.125%, 06/15/29			861,955
			Earthstone Energy Holdings, LLC*
	1,176,000		8.000%, 04/15/27			1,213,714
	450,000		9.875%, 07/15/31			501,570
			Enbridge, Inc.‡
	760,000		7.200%, 06/27/54
			5 year CMT + 2.97%			776,728
	737,000		7.375%, 01/15/83
			5 year CMT + 3.71%			743,567
	600,000		7.375%, 03/15/55
			5 year CMT + 3.12%			608,568
	395,000		5.750%, 07/15/80
			5 year CMT + 5.31%			375,084
	1,200,000		Encino Acquisition Partners Holdings, LLC*
			8.750%, 05/01/31			1,261,800

See accompanying Notes to Schedule of Investments

3

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
			Energy Transfer, LP‡
	1,735,000		8.527%, 11/01/66
			3 mo. SOFR + 3.28%		$	1,685,795
	1,015,000		6.500%, 11/15/26
			5 year CMT + 5.69%			1,010,321
	155,000		8.000%, 05/15/54
			5 year CMT + 4.02%			165,139
			EnLink Midstream Partners, LP
	1,775,000		9.711%, 09/03/24‡
			3 mo. LIBOR + 4.11%			1,762,539
	1,285,000		4.850%, 07/15/26			1,271,045
	745,000		EnLink Midstream, LLC*
			6.500%, 09/01/30			777,601
			Enterprise Products Operating, LLC‡
	80,000		5.250%, 08/16/77
			3 mo. SOFR + 3.29%			77,434
	75,000		8.574%, 08/16/77
			3 mo. LIBOR + 2.99%			74,919
			EQM Midstream Partners, LP*
	1,970,000		7.500%, 06/01/27			2,026,972
	600,000		6.375%, 04/01/29			613,014
			Genesis Energy, LP / Genesis Energy Finance Corp.
	885,000		8.875%, 04/15/30			938,020
	525,000		7.875%, 05/15/32			536,335
			Gulfport Energy Corp.
	1,190,000		8.000%, 05/17/26*			1,207,541
	306,527		8.000%, 05/17/26			311,045
	1,670,000		Hilcorp Energy I, LP / Hilcorp Finance Company*
			6.000%, 04/15/30			1,635,882
	600,000		Howard Midstream Energy Partners, LLC*
			7.375%, 07/15/32			618,522
	1,200,000		Kodiak Gas Services, LLC*
			7.250%, 02/15/29			1,236,336
	1,162,000		Magnolia Oil & Gas Operating, LLC / Magnolia Oil & Gas Finance Corp.*
			6.000%, 08/01/26			1,160,606
	1,212,000		Matador Resources Company*
			6.500%, 04/15/32			1,219,078
			Moss Creek Resources Holdings, Inc.*
	600,000		10.500%, 05/15/27			615,600
	540,000		7.500%, 01/15/26			541,053
			Nabors Industries, Inc.*
	900,000		7.375%, 05/15/27			917,388
	450,000		9.125%, 01/31/30			481,901
	900,000		Nabors Industries, Ltd.*^
			7.500%, 01/15/28			885,528
	773,000		New Fortress Energy, Inc.*
			6.750%, 09/15/25			760,230
	1,255,000		Oceaneering International, Inc.
			6.000%, 02/01/28			1,245,010
	1,270,000		Parkland Corp.*~
			5.875%, 07/15/27			1,268,794
	633,000		Patterson-UTI Energy, Inc.
			5.150%, 11/15/29			627,005
			Permian Resources Operating, LLC*
	303,000		6.250%, 02/01/33			303,058
	300,000		7.000%, 01/15/32			310,626
	1,390,000		Plains All American Pipeline, LP‡
			9.694%, 09/03/24
			3 mo. LIBOR + 4.11%			1,391,668
	1,670,000		Rockcliff Energy II, LLC*
			5.500%, 10/15/29			1,585,582
	593,000		Southwestern Energy Company
			4.750%, 02/01/32			554,763
	1,200,000		Summit Midstream Holdings, LLC*
			8.625%, 10/31/29			1,227,216
			Transocean, Inc.*
	1,215,000		8.250%, 05/15/29			1,241,451
	1,086,300		8.750%, 02/15/30			1,144,384
			Venture Global Calcasieu Pass, LLC*
	750,000		6.250%, 01/15/30			771,960
	300,000		4.125%, 08/15/31			273,108
	300,000		3.875%, 08/15/29			278,028
			Venture Global LNG, Inc.*
	1,505,000		8.375%, 06/01/31			1,581,695
	900,000		8.125%, 06/01/28			937,017
	635,000		7.000%, 01/15/30			642,582
	600,000		9.875%, 02/01/32			666,252
	600,000		9.500%, 02/01/29			667,566
			Vital Energy, Inc.
	685,000		7.750%, 07/31/29*			693,747
	630,000		7.875%, 04/15/32*			641,579
	464,000		9.750%, 10/15/30			508,242
	1,200,000		VOC Escrow, Ltd.*
			5.000%, 02/15/28			1,171,956
	1,505,000		Weatherford International, Ltd.*
			8.625%, 04/30/30			1,567,728
						56,973,658
			Financials (3.0%)
	1,900,000		Acrisure, LLC / Acrisure Finance, Inc.*
			8.250%, 02/01/29			1,935,226
	1,789,000		Aethon United BR, LP / Aethon United Finance Corp.*
			8.250%, 02/15/26			1,814,565
	255,000		Aircastle, Ltd.*‡
			5.250%, 06/15/26
			5 year CMT + 4.41%			249,150
	2,100,000		Alliant Holdings Intermediate, LLC / Alliant Holdings Co-Issuer*
			6.750%, 10/15/27			2,086,581
	140,000		Allstate Corp.‡
			8.522%, 08/15/53
			3 mo. LIBOR + 2.94%			140,367
			Ally Financial, Inc.
	1,782,000		4.700%, 05/15/26‡
			5 year CMT + 3.87%			1,628,801
	850,000		4.700%, 05/15/28‡
			7 year CMT + 3.48%			708,211
	489,000		8.000%, 11/01/31			551,176
	250,000		American International Group, Inc.‡
			5.750%, 04/01/48
			3 mo. LIBOR + 2.87%			247,440
	2,365,000		AmWINS Group, Inc.*
			4.875%, 06/30/29			2,231,614
	460,000		Ares Finance Company III, LLC*‡
			4.125%, 06/30/51
			5 year CMT + 3.24%			433,375
	888,000		Aviation Capital Group, LLC*
			3.500%, 11/01/27			843,422
	350,000		AXIS Specialty Finance, LLC‡
			4.900%, 01/15/40
			5 year CMT + 3.19%			326,998

See accompanying Notes to Schedule of Investments

4

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
	1,200,000		Baldwin Insurance Group Holdings, LLC / Baldwin Insurance Group Holdings Finance*
			7.125%, 05/15/31		$	1,238,496
			Bank of America Corp.‡
	439,000		6.125%, 04/27/27^
			5 year CMT + 3.23%			440,352
	300,000		4.300%, 01/28/25
			3 mo. SOFR + 2.93%			294,591
	135,000		6.250%, 09/05/24
			3 mo. SOFR + 3.97%			135,034
	135,000		6.100%, 03/17/25
			3 mo. SOFR + 4.16%			134,816
	763,000		Bank of New York Mellon Corp.‡
			4.700%, 09/20/25
			5 year CMT + 4.36%			752,059
			BP Capital Markets, PLC‡
	285,000		4.375%, 06/22/25
			5 year CMT + 4.04%			280,694
	280,000		4.875%, 03/22/30
			5 year CMT + 4.40%			266,168
	600,000		Brandywine Operating Partnership, LP
			8.875%, 04/12/29			639,468
	1,779,000		BroadStreet Partners, Inc.*
			5.875%, 04/15/29			1,717,002
	1,435,000		Brookfield Property REIT, Inc. / BPR Cumulus, LLC / BPR Nimbus, LLC / GGSI Sellco, LLC*
			4.500%, 04/01/27			1,359,820
	1,200,000		Burford Capital Global Financial, LLC*
			6.875%, 04/15/30			1,188,576
	458,000		Capital One Financial Corp.‡
			3.950%, 09/01/26
			5 year CMT + 3.16%			423,160
			Charles Schwab Corp.‡
	285,000		5.375%, 06/01/25
			5 year CMT + 4.97%			282,686
	147,000		4.000%, 12/01/30
			10 year CMT + 3.08%			124,294
	135,000		4.000%, 06/01/26
			5 year CMT + 3.17%			126,182
			Citigroup, Inc.‡
	509,000		3.875%, 02/18/26
			5 year CMT + 3.42%			483,433
	160,000		7.000%, 08/15/34
			10 year CMT + 2.76%			162,539
	155,000		7.200%, 05/15/29
			5 year CMT + 2.91%			159,168
	150,000		7.625%, 11/15/28
			5 year CMT + 3.21%			156,159
	150,000		4.000%, 12/10/25
			5 year CMT + 3.60%			143,952
	140,000		5.950%, 05/15/25
			3 mo. USD LIBOR + 3.91%			139,154
			Citizens Financial Group, Inc.‡
	450,000		4.000%, 10/06/26
			5 year CMT + 3.22%			408,033
	155,000		5.650%, 10/06/25
			5 year CMT + 5.31%			152,497
	315,000		Comerica, Inc.‡
			5.625%, 07/01/25
			5 year CMT + 5.29%			308,574
	145,000		Corebridge Financial, Inc.‡
			6.875%, 12/15/52			147,353
			Credit Acceptance Corp.
	1,165,000		6.625%, 03/15/26			1,166,037
	800,000		9.250%, 12/15/28*			855,888
	1,205,000		Cushman & Wakefield U.S. Borrower LLC*
			8.875%, 09/01/31			1,299,339
	250,000		Depository Trust & Clearing Corp.*‡
			3.375%, 06/20/26
			5 year CMT + 2.61			234,203
			Discover Financial Services‡
	275,000		5.500%, 10/30/27
			3 mo. SOFR + 3.34%			248,812
	245,000		6.125%, 06/23/25
			5 year CMT + 5.78%			244,025
	335,000		Enstar Finance, LLC‡
			5.500%, 01/15/42
			5 year CMT + 4.01%			299,936
	605,000		Fifth Third Bancorp‡
			4.500%, 09/30/25
			5 year CMT + 4.22%			588,502
	70,000		First Citizens BancShares, Inc.‡
			9.573%, 01/04/27
			3 mo. SOFR + 4.23%			71,175
	1,350,000		GGAM Finance, Ltd.*
			8.000%, 02/15/27			1,397,290
	1,772,000		Global Net Lease, Inc. / Global Net Lease Operating Partnership, LP*
			3.750%, 12/15/27			1,603,660
			Goldman Sachs Group, Inc.‡
	310,000		4.400%, 02/10/25
			5 year CMT + 2.85%			304,870
	153,000		4.125%, 11/10/26
			5 year CMT + 2.95%			143,387
	150,000		7.500%, 05/10/29
			5 year CMT + 2.81%			154,808
	149,000		7.500%, 02/10/29
			5 year CMT + 3.16%			156,151
	1,250,000		GTCR W-2 Merger Sub, LLC*
			7.500%, 01/15/31			1,316,625
	655,000		HAT Holdings I, LLC / HAT Holdings II, LLC*
			8.000%, 06/15/27			685,739
			HUB International, Ltd.*
	1,785,000		5.625%, 12/01/29			1,715,385
	600,000		7.375%, 01/31/32			617,988
			Huntington Bancshares, Inc.‡
	350,000		4.450%, 10/15/27
			7 year CMT + 4.05%			322,703
	210,000		5.625%, 07/15/30
			10 year CMT + 4.95%			201,438
	892,000		Icahn Enterprises, LP / Icahn Enterprises Finance Corp.
			4.375%, 02/01/29			776,843
	2,470,000		Iron Mountain, Inc.*
			5.250%, 03/15/28			2,421,193
	3,000,000		Jefferies Finance, LLC / JFIN Co-Issuer Corp.*
			5.000%, 08/15/28			2,792,100
			JPMorgan Chase & Company‡
	775,000		3.650%, 06/01/26^
			5 year CMT + 2.85%			736,513
	300,000		6.100%, 10/01/24
			3 mo. SOFR + 3.59%			298,515

See accompanying Notes to Schedule of Investments

5

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
	180,000		KeyCorp‡
			5.000%, 09/15/26
			3 mo. SOFR + 3.87%		$	164,763
			Ladder Capital Finance Holdings, LLLP / Ladder Capital Finance Corp.*
	2,306,000		5.250%, 10/01/25			2,296,914
	1,296,000		4.750%, 06/15/29			1,232,016
	750,000		7.000%, 07/15/31			767,985
	1,080,000		LD Holdings Group, LLC*
			6.125%, 04/01/28			859,885
			Level 3 Financing, Inc.*
	1,250,000		4.250%, 07/01/28			682,025
	600,000		4.625%, 09/15/27			396,288
	525,000		Liberty Mutual Group, Inc.*‡
			4.125%, 12/15/51
			5 year CMT + 3.32%			492,754
	892,000		LPL Holdings, Inc.*
			4.000%, 03/15/29			839,203
			M&T Bank Corp.‡
	145,000		9.194%, 08/15/24
			3 mo. LIBOR + 3.61%			145,187
	85,000		5.125%, 11/01/26
			3 mo. SOFR + 3.78%			81,438
	80,000		5.000%, 02/01/25
			5 year CMT + 3.17%			79,596
	1,200,000		Macquarie Airfinance Holdings, Ltd.*
			8.125%, 03/30/29			1,270,440
	280,000		Markel Corp.‡
			6.000%, 06/01/25
			5 year CMT + 5.66%			278,527
			MetLife, Inc.
	2,137,000		6.400%, 12/15/66			2,186,557
	225,000		3.850%, 09/15/25^‡
			5 year CMT + 3.58%			218,545
	1,615,000		Nationstar Mortgage Holdings, Inc.*
			5.500%, 08/15/28			1,569,828
	780,000		Necessity Retail REIT, Inc. / American Finance Operating Partner, LP*
			4.500%, 09/30/28			710,908
	600,000		Newmark Group, Inc.
			7.500%, 01/12/29			630,420
	230,000		Northern Trust Corp.‡
			4.600%, 10/01/26
			3 mo. LIBOR + 3.20%			223,553
			OneMain Finance Corp.
	900,000		9.000%, 01/15/29			955,080
	820,000		3.875%, 09/15/28			751,563
	600,000		7.500%, 05/15/31			617,382
	600,000		Park Intermediate Holdings, LLC / PK Domestic Property, LLC / PK Finance Co-Issuer*
			7.000%, 02/01/30			610,986
	442,000		PartnerRe Finance B, LLC‡
			4.500%, 10/01/50
			5 year CMT + 3.82%			405,075
	1,871,000		PHH Mortgage Corp.*
			7.875%, 03/15/26			1,843,515
			PNC Financial Services Group, Inc.‡
	315,000		3.400%, 09/15/26
			5 year CMT + 2.60%			282,741
	140,000		6.200%, 09/15/27
			5 year CMT + 3.24%			139,651
	140,000		6.000%, 05/15/27
			5 year CMT + 3.00%			138,121
	480,000		QBE Insurance Group, Ltd.*‡
			5.875%, 05/12/25
			5 year CMT + 5.51%			476,222
			RHP Hotel Properties, LP / RHP Finance Corp.*
	1,355,000		4.500%, 02/15/29			1,285,001
	1,200,000		6.500%, 04/01/32			1,214,364
			Rocket Mortgage, LLC / Rocket Mortgage Co-Issuer, Inc.*
	560,000		3.875%, 03/01/31			498,898
	555,000		3.625%, 03/01/29			510,267
	275,000		2.875%, 10/15/26			260,021
	900,000		Service Properties Trust
			8.375%, 06/15/29			896,373
	160,000		State Street Corp.‡
			6.700%, 09/15/29
			5 year CMT + 2.63%			160,389
	1,500,000		StoneX Group, Inc.*
			7.875%, 03/01/31			1,562,685
			Truist Financial Corp.‡
	295,000		4.800%, 09/01/24
			5 year CMT + 3.00%			291,569
	285,000		4.950%, 09/01/25
			5 year CMT + 4.61%			279,460
	108,000		5.100%, 03/01/30^
			10 year CMT + 4.35%			101,408
	320,000		U.S. Bancorp^‡
			5.300%, 04/15/27
			3 mo. SOFR + 3.18%			310,979
			United Wholesale Mortgage, LLC*
	1,383,000		5.500%, 04/15/29			1,336,075
	600,000		5.750%, 06/15/27			592,854
			Uniti Group, LP / Uniti Group Finance, Inc. / CSL Capital, LLC*
	750,000		10.500%, 02/15/28			759,224
	600,000		6.500%, 02/15/29			455,898
	600,000		VFH Parent, LLC / Valor Co-Issuer, Inc.*
			7.500%, 06/15/31			618,216
	1,340,000		VZ Secured Financing, BV*
			5.000%, 01/15/32			1,174,309
			Wells Fargo & Company‡
	620,000		3.900%, 03/15/26
			5 year CMT + 3.45%			592,398
	560,000		7.625%, 09/15/28^
			5 year CMT + 3.61			595,504
	1,255,000		XHR, LP*
			6.375%, 08/15/25			1,255,891
						81,613,262
			Health Care (0.8%)
			CHS/Community Health Systems, Inc.*
	2,392,000		6.125%, 04/01/30			1,828,851
	900,000		10.875%, 01/15/32			967,455
	663,000		6.875%, 04/15/29			544,548
	149,000		5.250%, 05/15/30			130,232
			DaVita, Inc.*
	1,395,000		3.750%, 02/15/31			1,208,475
	1,326,000		4.625%, 06/01/30			1,215,942
			Embecta Corp.*
	894,000		5.000%, 02/15/30			768,384
	298,000		6.750%, 02/15/30			266,197

See accompanying Notes to Schedule of Investments

6

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
			Encompass Health Corp.
	600,000		4.750%, 02/01/30		$	573,864
	600,000		4.500%, 02/01/28			580,488
	1,369,000		HCA, Inc.
			7.500%, 11/06/33			1,549,092
	350,000		Jazz Securities DAC*
			4.375%, 01/15/29			329,399
			Medline Borrower, LP*
	1,484,000		5.250%, 10/01/29			1,435,533
	1,480,000		3.875%, 04/01/29			1,382,290
	150,000		Medline Borrower, LP / Medline Co-Issuer, Inc.*
			6.250%, 04/01/29			153,293
			Organon & Company / Organon Foreign Debt Co-Issuer, BV*
	2,200,000		5.125%, 04/30/31			2,024,286
	500,000		4.125%, 04/30/28			470,320
			Tenet Healthcare Corp.
	2,710,000		6.250%, 02/01/27			2,716,883
	1,575,000		6.875%, 11/15/31			1,686,715
			Teva Pharmaceutical Finance Netherlands III, BV
	1,520,000		5.125%, 05/09/29^			1,475,981
	1,100,000		4.750%, 05/09/27			1,066,967
	535,000		3.150%, 10/01/26			506,720
						22,881,915
			Industrials (1.9%)
	1,200,000		Aar Escrow Issuer, LLC*
			6.750%, 03/15/29			1,227,264
	1,355,000		ACCO Brands Corp.*
			4.250%, 03/15/29			1,239,107
	1,170,000		AerCap Holdings, NV^‡
			5.875%, 10/10/79
			5 year CMT + 4.54%			1,167,695
			Air Lease Corp.‡
	1,520,000		4.125%, 12/15/26
			5 year CMT + 3.15%			1,400,437
	320,000		4.650%, 06/15/26
			5 year CMT + 4.08%			308,419
			Albertsons Companies, Inc. / Safeway, Inc. / New Albertsons, LP / Albertsons, LLC*
	1,925,000		4.625%, 01/15/27			1,878,145
	900,000		5.875%, 02/15/28			893,700
	670,000		Arcosa, Inc.*
			4.375%, 04/15/29			632,413
	3,100,000		ARD Finance, SA*
			6.500%, 06/30/27
			7.250% PIK rate			799,831
	937,000		Beacon Roofing Supply, Inc.*
			4.125%, 05/15/29			862,480
			Bombardier, Inc.*
	600,000		8.750%, 11/15/30			650,994
	450,000		7.000%, 06/01/32			460,440
	376,000		7.250%, 07/01/31			387,656
	336,000		7.875%, 04/15/27			336,810
	1,191,000		BWX Technologies, Inc.*
			4.125%, 04/15/29			1,123,851
	1,220,000		Cascades, Inc. / Cascades USA, Inc.*
			5.375%, 01/15/28			1,185,877
	295,000		Delta Air Lines, Inc. / SkyMiles IP, Ltd.*
			4.750%, 10/20/28			291,702
	1,565,000		Deluxe Corp.*
			8.000%, 06/01/29			1,482,963
	1,194,000		Eco Material Technologies, Inc.*
			7.875%, 01/31/27			1,215,862
	1,150,000		Emerald Debt Merger Sub, LLC*
			6.625%, 12/15/30			1,172,149
			EnerSys*
	600,000		6.625%, 01/15/32			612,270
	575,000		4.375%, 12/15/27			551,569
	450,000		EquipmentShare.com, Inc.*
			8.625%, 05/15/32			467,802
	733,000		Graham Packaging Company, Inc.*
			7.125%, 08/15/28			714,902
			Graphic Packaging International, LLC*
	750,000		4.750%, 07/15/27			736,178
	551,000		3.500%, 03/01/29			501,410
	1,303,000		Great Lakes Dredge & Dock Corp.*^
			5.250%, 06/01/29			1,172,843
	2,775,000		H&E Equipment Services, Inc.*
			3.875%, 12/15/28			2,538,875
			Herc Holdings, Inc.*
	1,500,000		5.500%, 07/15/27			1,488,615
	600,000		6.625%, 06/15/29			613,110
			JELD-WEN, Inc.*
	721,000		4.625%, 12/15/25			711,194
	625,000		4.875%, 12/15/27			596,319
	1,940,000		Ken Garff Automotive, LLC*
			4.875%, 09/15/28			1,843,058
	1,200,000		Knife River Holding Company*
			7.750%, 05/01/31			1,263,624
	298,000		MasTec, Inc.*^
			4.500%, 08/15/28			288,369
	600,000		Masterbrand, Inc.*
			7.000%, 07/15/32			616,938
	722,000		Moog, Inc.*
			4.250%, 12/15/27			692,051
	1,472,000		Newfold Digital Holdings Group, Inc.*^
			6.000%, 02/15/29			1,016,239
	1,140,000		Novelis Corp.*
			4.750%, 01/30/30			1,075,658
	450,000		OI European Group, BV*
			4.750%, 02/15/30			414,738
	775,000		Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer, LLC*
			4.000%, 10/15/27			733,166
			Sealed Air Corp.*
	933,000		6.125%, 02/01/28			941,612
	300,000		6.500%, 07/15/32			303,984
	298,000		5.000%, 04/15/29			288,613
	300,000		Sealed Air Corp./Sealed Air Corp. U.S.*
			7.250%, 02/15/31			312,705
	650,000		Sensata Technologies, BV*
			4.000%, 04/15/29			602,973
			Sensata Technologies, Inc.*
	593,000		3.750%, 02/15/31			524,758
	300,000		6.625%, 07/15/32			305,319
	1,165,000		Standard Industries, Inc.*
			5.000%, 02/15/27			1,141,129
	100,000		Stanley Black & Decker, Inc.‡
			4.000%, 03/15/60
			5 year CMT + 2.66%			92,514

See accompanying Notes to Schedule of Investments

7

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
	957,000		Stericycle, Inc.*
			3.875%, 01/15/29		$	911,093
			TransDigm, Inc.*
	1,295,000		6.875%, 12/15/30			1,333,397
	900,000		6.750%, 08/15/28			918,729
	450,000		7.125%, 12/01/31			468,185
	298,000		6.625%, 03/01/32			305,128
	583,000		Tronox, Inc.*
			4.625%, 03/15/29			531,713
	395,059		United Airlines Pass Through Trust Series 2019-2, Class B
			3.500%, 11/01/29			370,178
	1,191,000		Vertiv Group Corp.*
			4.125%, 11/15/28			1,130,140
	1,251,000		Wabash National Corp.*
			4.500%, 10/15/28			1,143,677
	1,050,000		Waste Pro USA, Inc.*
			5.500%, 02/15/26			1,043,143
			Williams Scotsman, Inc.*
	703,000		4.625%, 08/15/28			669,889
	600,000		7.375%, 10/01/31			624,294
	450,000		6.625%, 06/15/29			458,577
						51,788,473
			Information Technology (0.6%)
	296,000		Booz Allen Hamilton, Inc.*
			4.000%, 07/01/29			280,164
	692,000		Coherent Corp.*
			5.000%, 12/15/29			660,071
	524,000		Dell International, LLC / EMC Corp.
			6.020%, 06/15/26			532,767
	596,000		Dun & Bradstreet Corp.*^
			5.000%, 12/15/29			567,833
	586,000		Fair Isaac Corp.*
			4.000%, 06/15/28			552,135
	1,315,000		KBR, Inc.*
			4.750%, 09/30/28			1,252,288
			MPH Acquisition Holdings, LLC*
	1,300,000		5.750%, 11/01/28			778,284
	595,000		5.500%, 09/01/28			465,665
	600,000		NCL Corp., Ltd.*
			8.125%, 01/15/29			638,358
	589,000		NCR Voyix Corp.*
			5.125%, 04/15/29			563,290
	886,000		ON Semiconductor Corp.*
			3.875%, 09/01/28			828,942
			Open Text Corp.*
	855,000		3.875%, 02/15/28			799,545
	600,000		6.900%, 12/01/27			622,896
	447,000		3.875%, 12/01/29			406,162
	447,000		Open Text Holdings, Inc.*
			4.125%, 12/01/31			398,728
	1,035,000		Playtika Holding Corp.*
			4.250%, 03/15/29			922,878
	1,645,000		TTM Technologies, Inc.*
			4.000%, 03/01/29			1,532,087
			Twilio, Inc.
	830,000		3.625%, 03/15/29			754,080
	298,000		3.875%, 03/15/31			267,708
	450,000		UKG, Inc.*
			6.875%, 02/01/31			462,596
	1,475,000		Viavi Solutions, Inc.*
			3.750%, 10/01/29			1,282,099
	600,000		Zebra Technologies Corp.*
			6.500%, 06/01/32			616,920
	1,355,000		ZoomInfo Technologies, LLC / ZoomInfo Finance Corp.*
			3.875%, 02/01/29			1,238,917
						16,424,413
			Materials (0.5%)
	623,000		ArcelorMittal, SA
			7.000%, 10/15/39			687,599
	600,000		ATI, Inc.
			5.875%, 12/01/27			596,406
	295,000		Carpenter Technology Corp.
			7.625%, 03/15/30			308,054
	1,195,000		Chemours Company*
			4.625%, 11/15/29			1,047,884
	1,880,000		Clearwater Paper Corp.*
			4.750%, 08/15/28			1,778,912
	900,000		Cleveland-Cliffs, Inc.*
			6.750%, 04/15/30			908,325
			Commercial Metals Company
	596,000		4.125%, 01/15/30			552,564
	298,000		4.375%, 03/15/32			272,789
			Constellium, SE*
	925,000		3.750%, 04/15/29			845,126
	450,000		6.375%, 08/15/32			449,869
	590,000		HB Fuller Company
			4.250%, 10/15/28			551,491
	900,000		JW Aluminum Continuous Cast Company*
			10.250%, 06/01/26			902,016
	1,050,000		Kaiser Aluminum Corp.*
			4.625%, 03/01/28			986,170
			Mercer International, Inc.
	1,266,000		5.125%, 02/01/29			1,074,049
	600,000		12.875%, 10/01/28*			643,800
	1,175,000		OCI, NV*
			6.700%, 03/16/33			1,173,602
	900,000		Owens-Brockway Glass Container, Inc.*
			7.250%, 05/15/31			891,297
	1,328,000		Silgan Holdings, Inc.
			4.125%, 02/01/28			1,267,921
	589,000		Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc.*
			5.125%, 04/01/29			228,579
						15,166,453
			Other (0.0%)
			Gen Digital, Inc.*
	625,000		6.750%, 09/30/27			636,137
	325,000		7.125%, 09/30/30			336,333
						972,470
			Real Estate (0.1%)
	953,000		EPR Properties
			3.750%, 08/15/29			872,338
			Forestar Group, Inc.*
	862,000		5.000%, 03/01/28			832,968
	630,000		3.850%, 05/15/26			609,393
	1,341,000		MIWD Holdco II, LLC / MIWD Finance Corp.*^
			5.500%, 02/01/30			1,255,404
						3,570,103

See accompanying Notes to Schedule of Investments

8

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
			Special Purpose Acquisition Companies (0.1%)
	305,000		Clydesdale Acquisition Holdings, Inc.*
			6.875%, 01/15/30		$	304,418
			Fertitta Entertainment, LLC / Fertitta Entertainment Finance Company, Inc.*
	1,195,000		6.750%, 01/15/30			1,060,419
	596,000		4.625%, 01/15/29			557,540
						1,922,377
			Utilities (0.3%)
	612,000		AES Corp.‡
			7.600%, 01/15/55
			5 year CMT + 3.20%			621,841
	340,000		Algonquin Power & Utilities Corp.‡
			4.750%, 01/18/82
			5 year CMT + 3.25%			311,566
			American Electric Power Company, Inc.‡
	85,000		3.875%, 02/15/62
			5 year CMT + 2.68			79,410
	80,000		7.050%, 12/15/54
			5 year CMT + 2.75%			81,099
	80,000		6.950%, 12/15/54
			5 year CMT + 2.68%			81,272
	235,000		CMS Energy Corp.‡
			4.750%, 06/01/50
			5 year CMT + 4.12%			217,246
			Dominion Energy, Inc.‡
	162,000		6.875%, 02/01/55
			5 year CMT + 2.39%			167,992
	133,000		4.350%, 01/15/27
			5 year CMT + 3.20%			127,224
			Duke Energy Corp.‡
	330,000		4.875%, 09/16/24^
			5 year CMT + 3.39%			328,855
	132,000		3.250%, 01/15/82
			5 year CMT + 2.32%			119,625
	285,000		Emera, Inc.‡
			6.750%, 06/15/76
			3 mo. LIBOR + 5.44			284,211
	550,000		Entergy Corp.‡
			7.125%, 12/01/54
			5 year CMT + 2.67%			551,210
			National Rural Utilities Cooperative Finance Corp.‡
	288,000		7.125%, 09/15/53			300,064
	150,000		5.250%, 04/20/46
			3 mo. LIBOR + 3.63%			147,959
			NextEra Energy Capital Holdings, Inc.‡
	320,000		3.800%, 03/15/82
			5 year CMT + 2.55%			299,830
	160,000		6.750%, 06/15/54
			5 year CMT + 2.46%			166,758
	155,000		6.700%, 09/01/54
			5 year CMT + 2.36%			157,871
	612,000		NiSource, Inc.‡
			6.950%, 11/30/54
			5 year CMT + 2.45%			619,938
	591,000		PPL Capital Funding, Inc.‡
			8.261%, 03/30/67
			3 mo. LIBOR + 2.67%			589,097
			Sempra‡
	220,000		4.875%, 10/15/25
			5 year CMT + 4.55%			216,011
	85,000		4.125%, 04/01/52
			5 year CMT + 2.87%			78,812
			Southern Company‡
	442,000		4.000%, 01/15/51
			5 year CMT + 3.73%			430,243
	95,000		3.750%, 09/15/51
			5 year CMT + 2.92%			90,088
			Vistra Corp.*‡
	625,000		7.000%, 12/15/26
			5 year CMT + 5.74%			628,787
	340,000		8.000%, 10/15/26
			5 year CMT + 6.93%			347,891
	80,000		WEC Energy Group, Inc.‡
			7.697%, 05/15/67
			3 mo. LIBOR + 2.11%			79,258
						7,124,158
			Total Corporate Bonds (Cost $415,530,058)			395,846,678
Convertible Bonds (20.9%)
			Communication Services (1.4%)
	1,203,000		Cable One, Inc.
			0.000%, 03/15/26			1,076,902
	5,970,000		Liberty Media Corp.*
			2.375%, 09/30/53			6,518,941
	8,895,000		Liberty Media Corp.-Liberty Formula One
			2.250%, 08/15/27			10,019,328
	11,475,000		Live Nation Entertainment, Inc.^
			3.125%, 01/15/29			13,082,074
	8,260,000		Snap, Inc.*
			0.500%, 05/01/30			7,716,492
						38,413,737
			Consumer Discretionary (3.8%)
	8,205,000		Airbnb, Inc.
			0.000%, 03/15/26			7,527,431
	6,735,000		Alibaba Group Holding, Ltd.*
			0.500%, 06/01/31			6,772,043
	9,550,000		Booking Holdings, Inc.
			0.750%, 05/01/25			18,845,683
	1,803,000		DISH Network Corp.
			0.000%, 12/15/25			1,324,502
	14,650,000		Ford Motor Company
			0.000%, 03/15/26			14,239,654
	6,725,000		JD.com, Inc.*
			0.250%, 06/01/29			6,308,521
	16,185,000		Meritage Homes Corp.*
			1.750%, 05/15/28			17,920,032
	3,765,000		Royal Caribbean Cruises, Ltd.
			6.000%, 08/15/25			11,949,319
	16,630,000		Trip.com Group, Ltd.*
			0.750%, 06/15/29			15,552,542
	2,370,000		Wayfair, Inc.
			3.250%, 09/15/27			2,759,296
						103,199,023
			Consumer Staples (0.5%)
	5,735,000		Post Holdings, Inc.
			2.500%, 08/15/27			6,530,903

See accompanying Notes to Schedule of Investments

9

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
	6,730,000		Spectrum Brands, Inc.*
			3.375%, 06/01/29		$	6,532,744
						13,063,647
			Energy (0.3%)
	6,615,000		Northern Oil & Gas, Inc.
			3.625%, 04/15/29			8,427,576
			Financials (0.7%)
	4,115,000		Federal Realty OP, LP*
			3.250%, 01/15/29			4,195,613
	11,275,000		Morgan Stanley Finance, LLC
			1.000%, 11/23/27			15,503,125
						19,698,738
			Health Care (0.7%)
	6,245,000		Dexcom, Inc.
			0.375%, 05/15/28			5,468,122
	5,495,000		Integer Holdings Corp.
			2.125%, 02/15/28			8,038,965
	6,480,000		iRhythm Technologies, Inc.*
			1.500%, 09/01/29			5,931,339
						19,438,426
			Industrials (2.4%)
	4,215,000		Axon Enterprise, Inc.
			0.500%, 12/15/27			5,923,255
	5,515,000		Fluor Corp.*
			1.125%, 08/15/29			6,767,346
	7,640,000		Middleby Corp.
			1.000%, 09/01/25			8,681,714
	14,135,000		Tetra Tech, Inc.*
			2.250%, 08/15/28			17,132,892
			Uber Technologies, Inc.
	14,800,000		0.000%, 12/15/25			15,298,020
	12,000,000		0.875%, 12/01/28*			13,414,560
						67,217,787
			Information Technology (6.2%)
	5,910,000		Advanced Energy Industries, Inc.*
			2.500%, 09/15/28			6,415,955
	7,838,000		BILL Holdings, Inc.
			0.000%, 04/01/27			6,760,589
	7,545,000		CyberArk Software, Ltd.
			0.000%, 11/15/24			12,310,875
	6,850,000		Itron, Inc.*
			1.375%, 07/15/30			6,975,903
	19,935,000		MKS Instruments, Inc.*
			1.250%, 06/01/30			21,037,007
	5,215,000		NCL Corp., Ltd.
			5.375%, 08/01/25			6,166,737
	17,315,000		ON Semiconductor Corp.
			0.500%, 03/01/29			17,864,232
	19,620,000		Parsons Corp.*
			2.625%, 03/01/29			22,524,937
	13,100,000		Seagate HDD Cayman*
			3.500%, 06/01/28			17,874,950
	4,400,000		SK Hynix, Inc.
			1.750%, 04/11/30			7,568,220
	8,013,000		Super Micro Computer, Inc.*
			0.000%, 03/01/29			7,600,731
	5,850,000		Tyler Technologies, Inc.^
			0.250%, 03/15/26			7,088,269
	6,505,000		Vertex, Inc.*
			0.750%, 05/01/29			8,361,267
	13,015,000		Western Digital Corp.*^
			3.000%, 11/15/28			18,988,104
	5,670,000		Wolfspeed, Inc.
			1.875%, 12/01/29			2,826,608
						170,364,384
			Other (0.0%)
	590,000		Multiplan Corp.*
			6.000%, 10/15/27			417,295
			Real Estate (1.5%)
	15,115,000		Pebblebrook Hotel Trust
			1.750%, 12/15/26			13,502,532
			Welltower OP, LLC*
	17,410,000		3.125%, 07/15/29			18,232,622
	7,770,000		2.750%, 05/15/28^			9,547,388
						41,282,542
			Utilities (3.4%)
	11,920,000		Alliant Energy Corp.
			3.875%, 03/15/26			12,088,429
	16,655,000		CMS Energy Corp.
			3.375%, 05/01/28			16,997,094
	19,275,000		NextEra Energy Capital Holdings, Inc.*
			3.000%, 03/01/27			23,252,782
	20,355,000		PPL Capital Funding, Inc.
			2.875%, 03/15/28			20,232,056
	19,260,000		Southern Company
			3.875%, 12/15/25			20,408,474
						92,978,835
			TOTAL CONVERTIBLE BONDS (Cost $531,704,045)			574,501,990
Bank Loans (5.8%) ¡
			Airlines (0.2%)
	2,817,938		Air Canada‡
			7.847%, 03/21/31
			3 mo. SOFR + 2.50%			2,830,717
	742,500		American Airlines, Inc.‡
			10.294%, 04/20/28
			3 mo. SOFR + 4.75%			769,089
	2,034,900		United Airlines, Inc.‡
			8.033%, 02/22/31
			3 mo. SOFR + 2.75%			2,045,441
						5,645,247
			Communication Services (0.9%)
	2,000,000		APi Group DE, Inc.‡
			7.347%, 01/03/29
			1 mo. SOFR + 2.00%			2,008,030
	65,874		Audacy Capital Corp.‡
			11.458%, 08/19/24
			1 mo. SOFR + 6.00%			65,956
	3,265,714		Charter Communications Operating LLC‡
			7.082%, 02/01/27
			3 mo. SOFR + 1.75%			3,265,959
	618,414		Cincinnati Bell, Inc.‡
			8.694%, 11/22/28
			1 mo. SOFR + 3.25%			618,028

See accompanying Notes to Schedule of Investments

10

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
	575,870		Clear Channel Outdoor Holdings, Inc.‡
			9.458%, 08/23/28
			1 mo. SOFR + 4.00%		$	578,749
	2,303,969		CSC Holdings, LLC‡
			7.943%, 04/15/27
			1 mo. LIBOR + 2.50%			1,972,047
	979,928		Directv Financing, LLC‡
			10.458%, 08/02/27
			1 mo. SOFR + 5.00%			986,347
	1,755,000		Entercom Media Corp.‡
			8.145%, 11/18/24
			3 mo. SOFR + 0.00%			831,431
	1,665,007		Go Daddy Operating Company, LLC‡
			7.344%, 11/09/29
			1 mo. SOFR + 2.00%			1,670,519
	910,000		Gray Television, Inc.‡
			10.593%, 06/04/29
			1 mo. SOFR + 5.25%			885,862
	2,000,000		Match Group, Inc.‡
			7.244%, 02/13/27
			3 mo. SOFR + 1.75%			2,000,000
	2,000,000		Nexstar Broadcasting, Inc.‡
			7.958%, 09/18/26
			1 mo. SOFR + 2.50%			2,009,190
	897,710		Sinclair Television Group, Inc.‡
			9.194%, 04/21/29
			1 mo. SOFR + 3.75%			639,434
	1,200,000		Telesat Canada‡
			8.359%, 12/07/26
			3 mo. SOFR + 2.75%			580,878
	1,200,000		TripAdvisor, Inc.‡
			8.094%, 07/08/31
			1 mo. SOFR + 2.75%			1,200,996
	2,000,000		Virgin Media Bristol, LLC
			7.943%, 01/31/28
			1 mo. SOFR + 2.50%			1,930,980
	1,240,000		Virgin Media Bristol, LLC!
			0.000%, 01/31/28			1,197,208
	608,388		Windstream Services, LLC‡
			11.694%, 09/21/27
			1 mo. SOFR + 6.25%			612,951
						23,054,565
			Consumer Discretionary (1.4%)
	2,573,550		Adient U.S., LLC‡
			8.094%, 01/31/31
			1 mo. SOFR + 2.75%			2,590,342
	768,000		American Axle & Manufacturing, Inc.‡
			8.326%, 12/12/29
			1 mo. SOFR + 3.00%			773,038
	1,980,000		Aramark Services, Inc.‡
			7.344%, 06/22/30
			1 mo. SOFR + 2.00%			1,987,673
	1,725,598		Caesars Entertainment, Inc.‡
			8.097%, 02/06/30
			3 mo. SOFR + 2.75%			1,734,226
	2,449,365		Carnival Corp.‡
			8.094%, 08/08/27
			1 mo. SOFR + 2.75%			2,469,645
	1,083,107		Carnival Corp.‡
			8.094%, 10/18/28
			1 mo. SOFR + 2.75%			1,091,235
	3,216,917		Flutter Financing, BV‡
			7.585%, 11/29/30
			3 mo. SOFR + 2.25%			3,225,635
	1,488,463		Hanesbrands, Inc.‡
			9.094%, 03/08/30
			1 mo. SOFR + 3.75%			1,495,444
	1,995,000		Installed Building Products, Inc.‡
			7.344%, 03/28/31
			1 mo. SOFR + 2.00%			2,010,282
	2,177,494		KFC Holding Company‡
			7.199%, 03/15/28
			1 mo. SOFR + 1.75%			2,181,359
	939,390		Life Time Fitness, Inc.‡
			9.591%, 01/15/26
			3 mo. SOFR + 4.00%			945,261
	3,360,477		Light & Wonder International, Inc.‡
			7.585%, 04/14/29
			3 mo. SOFR + 2.25%			3,387,781
	1,979,540		Murphy USA, Inc.‡
			7.208%, 01/31/28
			1 mo. SOFR + 1.75%			1,989,131
	550,000		Peloton Interactive, Inc.‡
			11.346%, 05/23/29
			3 mo. SOFR + 6.00%			551,375
	1,979,798		PENN Entertainment, Inc.‡
			8.194%, 05/03/29
			1 mo. SOFR + 2.75%			1,989,964
	2,612,685		PetSmart, Inc.‡
			9.194%, 02/11/28
			1 mo. SOFR + 3.75%			2,597,440
	2,000,000		Six Flags Entertainment Corp.‡
			7.343%, 05/01/31
			1 mo. SOFR + 2.00%			2,007,500
	930,000		Staples, Inc.‡
			11.084%, 09/04/29
			3 mo. SOFR + 5.75%			866,993
	3,192,000		Station Casinos, LLC‡
			7.594%, 03/14/31
			1 mo. SOFR + 2.25%			3,200,985
	737,529		TKC Holdings, Inc.‡
			11.109%, 05/15/28
			3 mo. SOFR + 5.50%			738,336
	1,193,254		Windsor Holdings III, LLC‡
			9.345%, 08/01/30
			1 mo. SOFR + 4.00%			1,204,214
						39,037,859
			Consumer Staples (0.3%)
	2,774,146		Amneal Pharmaceuticals, LLC‡
			10.844%, 05/04/28
			1 mo. SOFR + 5.50%			2,804,190
	900,000		B&G Foods, Inc.!
			0.000%, 10/10/29			892,832
	1,200,000		Fiesta Purchaser, Inc.‡
			9.344%, 02/12/31
			1 mo. SOFR + 4.00%			1,208,934
	1,990,323		Organon & Company‡
			7.835%, 05/19/31
			1 mo. SOFR + 2.50%			2,001,518
	1,221,938		Star Parent, Inc.‡
			9.085%, 09/27/30
			3 mo. SOFR + 3.75%			1,225,408

 See accompanying Notes to Schedule of Investments

11

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
	798,000		United Natural Foods, Inc.‡
			10.099%, 05/01/31
			1 mo. SOFR + 4.75%		$	804,986
						8,937,868
			Energy (0.2%)
	952,612		Buckeye Partners, LP‡
			7.344%, 11/22/30
			1 mo. SOFR + 2.00%			954,508
	3,115,321		ChampionX Corp.‡
			8.197%, 06/07/29
			1 mo. SOFR + 2.75%			3,132,845
	572,125		New Fortress Energy, Inc.‡
			10.252%, 10/27/28
			3 mo. SOFR + 5.00%			565,154
	1,781,981		Par Petroleum, LLC‡
			9.064%, 02/28/30
			3 mo. SOFR + 3.75%			1,795,346
						6,447,853
			Financials (0.7%)
	1,622,175		Advisor Group, Inc.‡
			9.344%, 08/17/28
			1 mo. SOFR + 4.00%			1,600,373
	993,767		Alliant Holdings Intermediate, LLC‡
			8.845%, 11/06/30
			1 mo. SOFR + 3.50%			999,109
	908,149		Amynta Agency Borrower, Inc.‡
			9.099%, 02/28/28
			1 mo. SOFR + 3.75%			911,232
	1,496,250		AssuredPartners, Inc.‡
			8.844%, 02/14/31
			1 mo. SOFR + 3.50%			1,502,991
	3,076,789		Avolon TLB Borrower 1 (US), LLC‡
			7.345%, 06/22/28
			1 mo. SOFR + 2.00%			3,090,327
	598,500		Broadstreet Partners, Inc.‡
			8.594%, 06/14/31
			1 mo. SOFR + 3.25%			600,301
	1,197,000		HUB International, Ltd.‡
			8.532%, 06/20/30
			3 mo. SOFR + 3.25%			1,199,843
	2,915,350		Iron Mountain, Inc.‡
			7.344%, 01/31/31
			1 mo. SOFR + 2.00%			2,910,802
	4,116,759		Jazz Financing Lux Sarl‡
			7.594%, 05/05/28
			1 mo. SOFR + 2.25%			4,128,512
	910,000		Level 3 Financing, Inc.‡
			11.910%, 04/15/29
			1 mo. SOFR + 6.56%			904,149
	1,200,000		VFH Parent, LLC‡
			8.094%, 06/21/31
			1 mo. SOFR + 2.75%			1,202,622
						19,050,261
			Health Care (0.5%)
	1,398,024		Avantor Funding, Inc.‡
			7.444%, 11/08/27
			1 mo. SOFR + 2.00%			1,408,796
	2,182,708		DaVita, Inc.
			7.344%, 05/09/31
			1 mo. SOFR + 2.00%			2,182,959
	1,502,992		Elanco Animal Health, Inc.‡
			7.193%, 08/01/27
			1 mo. SOFR + 1.75%			1,503,022
	582,857		Icon Luxembourg Sarl‡
			7.335%, 07/03/28
			3 mo. SOFR + 2.00%			587,161
	1,990,000		IQVIA, Inc.‡
			7.335%, 01/02/31
			3 mo. SOFR + 2.00%			2,002,278
	1,261,176		Padagis, LLC‡
			10.326%, 07/06/28
			3 mo. SOFR + 4.75%			1,220,188
	1,984,848		Perrigo Investments, LLC‡
			7.694%, 04/20/29
			1 mo. SOFR + 2.25%			1,992,292
	145,219		PRA Health Sciences, Inc.‡
			7.335%, 07/03/28
			3 mo. SOFR + 2.00%			146,292
	2,854,140		Team Health Holdings, Inc.‡
			10.502%, 03/02/27
			3 mo. SOFR + 5.25%			2,686,459
	8,209		Team Health Holdings, Inc.‡
			10.594%, 03/02/27
			1 mo. SOFR + 5.25%			7,726
						13,737,173
			Industrials (0.6%)
	1,194,543		ACProducts, Inc.‡
			9.846%, 05/17/28
			3 mo. SOFR + 4.25%			956,387
	1,979,847		Beacon Roofing Supply, Inc.‡
			7.344%, 05/19/28
			1 mo. SOFR + 2.00%			1,990,508
	2,115,060		Berry Global, Inc.‡
			7.316%, 07/01/29
			3 mo. SOFR + 1.75%			2,124,239
	1,328,981		Emrld Borrower, LP
			7.844%, 05/31/30
			1 mo. SOFR + 2.50%			1,331,147
	1,979,847		JELD-WEN, Inc.‡
			7.458%, 07/28/28
			1 mo. SOFR + 2.00%			1,988,261
	1,210,000		MI Windows & Doors, LLC‡
			8.844%, 03/28/31
			1 mo. SOFR + 3.50%			1,215,403
	300,000		Reynolds Group Holdings, Inc!
			0.000%, 09/24/28			300,969
	299,250		Reynolds Group Holdings, Inc.‡
			7.849%, 09/24/28
			1 mo. SOFR + 2.50%			300,217
	1,985,000		TransDigm, Inc.‡
			8.085%, 08/24/28
			3 mo. SOFR + 2.50%			1,992,662
	1,197,000		TransDigm, Inc.‡
			7.846%, 02/28/31
			3 mo. SOFR + 2.50%			1,201,417
	3,000,000		Uber Technologies, Inc.!
			0.000%, 03/03/30			3,019,215
						16,420,425
			Information Technology (0.5%)
	1,618,562		Banff Merger Sub, Inc.‡
			9.597%, 12/29/28
			1 mo. SOFR + 4.25%			1,613,585

See accompanying Notes to Schedule of Investments

12

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT					VALUE
	925,071		Camelot US Acquisition, LLC‡
			8.094%, 01/31/31
			1 mo. SOFR + 2.75%		$	927,037
	517,750		Central Parent, Inc.‡
			8.585%, 07/06/29
			3 mo. SOFR + 3.25%			513,339
	1,158,041		Dun & Bradstreet Corp.‡
			8.097%, 01/18/29
			1 mo. SOFR + 2.75%			1,161,891
	369,049		Endure Digital, Inc.‡
			8.949%, 02/10/28
			1 mo. SOFR + 3.50%			331,775
	2,880,054		II-VI, Inc.‡
			7.844%, 07/02/29
			1 mo. SOFR + 2.50%			2,892,294
	1,245,404		Open Text Corp.‡
			7.594%, 01/31/30
			1 mo. SOFR + 2.25%			1,253,450
	2,323,253		SS&C Technologies, Inc.‡
			7.344%, 05/09/31
			1 mo. SOFR + 2.00%			2,334,486
	1,272,150		TTM Technologies, Inc.‡
			8.093%, 05/30/30
			1 mo. SOFR + 2.75%			1,275,330
	600,000		UKG, Inc.‡
			8.555%, 02/10/31
			3 mo. SOFR + 3.25%			602,490
						12,905,677
			Materials (0.4%)
	1,922,256		Axalta Coating Systems U.S. Holdings, Inc.‡
			7.335%, 12/20/29
			3 mo. SOFR + 2.00%			1,931,867
	2,600,350		Chemours Company‡
			8.844%, 08/18/28
			1 mo. SOFR + 3.50%			2,602,521
	1,985,000		H.B. Fuller Company‡
			7.344%, 02/15/30
			1 mo. SOFR + 2.00%			1,989,962
	710,000		Ineos U.S. Finance, LLC!
			0.000%, 02/18/30			707,973
	1,191,000		Ineos US Finance LLC‡
			8.594%, 02/18/30
			1 mo. SOFR + 3.25%			1,187,600
	1,499,802		LSF11 A5 Holdco, LLC‡
			8.958%, 10/15/28
			1 mo. SOFR + 3.50%			1,504,489
	749,767		Trinseo Materials Operating SCA‡
			8.109%, 05/03/28
			3 mo. SOFR + 2.50%			587,019
	160,144		Trinseo Materials Operating SCA‡
			8.109%, 05/03/28
			1 mo. SOFR + 2.50%			125,383
	1,163,692		W.R. Grace & Co.-Conn.‡
			8.594%, 09/22/28
			1 mo. SOFR + 3.25%			1,171,401
						11,808,215
			Special Purpose Acquisition Companies (0.1%)
	583,100		Clydesdale Acquisition Holdings, Inc.‡
			9.119%, 04/13/29
			1 mo. SOFR + 3.68%			584,290
	293,250		Fertitta Entertainment, LLC‡
			9.079%, 01/27/29
			1 mo. SOFR + 3.75%			294,304
	1,179,000		Patagonia Holdco, LLC‡
			11.073%, 08/01/29
			3 mo. SOFR + 5.75%			1,098,686
						1,977,280
			Total Bank Loans (Cost $159,841,715)			159,022,423
U.S. Government and Agency Securities (0.0%)
			Other (0.0%)
	250,000		CoBank ACB‡
			7.250%, 07/01/29			255,175
	250,000		Farm Credit Bank of Texas‡
			7.750%, 06/15/29			253,675
			TOTAL U.S. GOVERNMENT AND AGENCY SECURITIES (Cost $500,937)			508,850

NUMBER OF SHARES					VALUE
Convertible Preferred Stocks (1.6%)
			Energy (0.0%)
	28		Gulfport Energy Corp.#
			10.000%, 09/03/24
			15.000% PIK rate			301,000
			Financials (0.9%)
	80,250		AMG Capital Trust II
			5.150%, 10/15/37			4,254,695
	300,410		Apollo Global Management, Inc.
			6.750%, 07/31/26			20,427,880
						24,682,575
			Industrials (0.1%)
	46,187		Chart Industries, Inc.
			6.750%, 12/15/25			2,873,755
			Utilities (0.6%)
	84,885		CenterPoint Energy, Inc. (Warner Media, LLC, Charter Communications Time, Inc.)#§****
			3.369%, 09/15/29			3,381,394
	262,050		NextEra Energy, Inc.^
			6.926%, 09/01/25			11,572,128
						14,953,522
			Total Convertible Preferred Stocks (Cost $39,925,965)			42,810,852
Common Stocks (94.5%)
			Communication Services (10.3%)
	661,840		Alphabet, Inc. - Class A^			113,532,034
	199,700		Alphabet, Inc. - Class C^			34,578,055
	25,095		Altice USA, Inc. - Class A			52,448
	264,885		AT&T, Inc.			5,099,036
	8,434		Cumulus Media, Inc. - Class A#			16,868

See accompanying Notes to Schedule of Investments

13

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF SHARES					VALUE
	2		Frontier Communications Parent, Inc.^#		$	59
	132,150		Meta Platforms, Inc. - Class A			62,748,784
	32,360		Netflix, Inc.#			20,333,406
	205,085	EUR	Orange, SA			2,275,883
	135,860		T-Mobile U.S., Inc.			24,764,561
	200,915		Walt Disney Company			18,823,726
						282,224,860
			Consumer Discretionary (9.4%)
	688,315		Amazon.com, Inc.^#			128,701,139
	59,260		Carnival Corp.#			987,272
	262,250		Chipotle Mexican Grill, Inc.#			14,245,420
	243,463		General Motors Company^			10,790,280
	52,240		Home Depot, Inc.			19,232,678
	54,670		Lowe's Companies, Inc.			13,422,032
	62,500		McDonald's Corp.			16,587,500
	107,325		Starbucks Corp.			8,365,984
	144,100		Tesla, Inc.#			33,441,287
	104,675		TJX Companies, Inc.			11,830,368
						257,603,960
			Consumer Staples (6.5%)
	58,750		Altria Group, Inc.			2,879,337
	329,140		Coca-Cola Company^			21,966,804
	145,515		Colgate-Palmolive Company			14,433,633
	31,575		Costco Wholesale Corp.			25,954,650
	47,280		Estee Lauder Companies, Inc. - Class A			4,709,561
	113,665		Mondelez International, Inc. - Class A			7,769,003
	245,620		Philip Morris International, Inc.^			28,285,599
	203,745		Procter & Gamble Company^			32,754,046
	84,550		Target Corp.			12,717,165
	52,650		Walgreens Boots Alliance, Inc.^			624,956
	392,370		Walmart, Inc.			26,932,277
						179,027,031
			Energy (4.6%)
	475,000		BP, PLC (ADR)			16,810,250
	5,050		Cheniere Energy Partners, LP			265,933
	54,445		Chevron Corp.			8,736,789
	64,470		ConocoPhillips^			7,169,064
	82,935		Energy Transfer, LP			1,349,353
	49,155		Enterprise Products Partners, LP			1,418,613
	7,920		EP Energy Corp.#			13,860
	429,490		Exxon Mobil Corp.^			50,933,219
	34		Gulfport Energy Corp.#			5,005
	56,105		Hess Corp.			8,607,629
	113,995		Marathon Petroleum Corp.			20,179,395
	219,710		Schlumberger, NV			10,609,796
						126,098,906
			Financials (13.1%)
	35,430		Affiliated Managers Group, Inc.			6,576,517
	59,230		American Express Company^			14,987,559
	346,890		American International Group, Inc.			27,484,095
	29,983		Assurant, Inc.			5,243,127
	663,370		Bank of America Corp.^			26,740,445
	71,870		Bank of New York Mellon Corp.			4,676,581
	10,715		BlackRock, Inc.			9,391,697
	76,155		Chubb, Ltd.			20,992,887
	231,670		Citigroup, Inc.			15,030,750
	27,300		Goldman Sachs Group, Inc.			13,896,519
	212,020		JPMorgan Chase & Company^			45,117,856
	120,287		KKR & Company, Inc.^			14,849,430
	76,915		Marsh & McLennan Companies, Inc.			17,118,971
	72,315		Mastercard, Inc. - Class A^			33,533,189
	154,465		Morgan Stanley^			15,942,333
	26,315		S&P Global, Inc.			12,755,670
	157,631		Starwood Property Trust, Inc.^			3,144,738
	178,525		Visa, Inc. - Class A^			47,428,737
	411,130		Wells Fargo & Company^			24,396,454
						359,307,555
			Health Care (11.3%)
	82,820		Abbott Laboratories~			8,773,951
	118,475		AbbVie, Inc.			21,955,787
	267,298		Boston Scientific Corp.^#			19,747,976
	107,005		Bristol-Myers Squibb Company			5,089,158
	48,945		Danaher Corp.			13,561,681
	71,605		Dexcom, Inc.#			4,856,251
	23,435		Elevance Health, Inc.			12,468,123
	74,890		Eli Lilly & Company^			60,231,780
	34,856		GE Healthcare, Inc.			2,949,863
	40,780		ICON, PLC#			13,393,783
	152,895		Johnson & Johnson			24,134,476
	20,020		McKesson Corp.^			12,352,740
	142,050		Medtronic, PLC			11,409,456
	219,485		Merck & Company, Inc.			24,830,338
	20,295		Stryker Corp.			6,645,598
	30,260		Thermo Fisher Scientific, Inc.^~			18,559,669
	62,270		UnitedHealth Group, Inc.^			35,877,483
	112,720		Zimmer Biomet Holdings, Inc.^			12,551,372
						309,389,485
			Industrials (6.3%)
	777,890		CSX Corp.			27,303,939
	230,090		Delta Air Lines, Inc.			9,898,472
	183,340		Emerson Electric Company			21,470,947
	26,142		GE Vernova, Inc.#			4,659,550
	104,568		General Electric Company			17,797,474
	104,790		Honeywell International, Inc.			21,455,752
	50,835		Parker-Hannifin Corp.			28,526,569
	145,750		RTX Corp.			17,124,167
	98,420		Union Pacific Corp.			24,283,167
						172,520,037
			Information Technology (28.7%)
	92,130		Advanced Micro Devices, Inc.^#			13,310,942
	888,175		Apple, Inc.^µ			197,245,904
	59,580		Applied Materials, Inc.			12,642,876
	359,490		Broadcom, Inc.			57,762,853
	247,515		Cisco Systems, Inc.			11,992,102
	58,910		Fidelity National Information Services, Inc.^			4,526,055
	10,330		Intuit, Inc.^			6,687,125
	13,965		Lam Research Corp.			12,865,117
	86,100		Micron Technology, Inc.^			9,455,502
	496,080		Microsoft Corp.^			207,535,068
	1,520,000		Nokia Oyj (ADR)^			5,958,400
	1,555,180		NVIDIA Corp.^			181,987,164
	23,830		NXP Semiconductors, NV			6,271,103
	119,205		Oracle Corp.			16,623,137
	48,340		Salesforce, Inc.			12,510,392
	33,055	EUR	SAP, SE			6,976,601
	29,275		ServiceNow, Inc.#			23,841,267
						788,191,608

See accompanying Notes to Schedule of Investments

14

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF SHARES					VALUE
			Materials (2.6%)
	196,120		Freeport-McMoRan, Inc.^		$	8,905,809
	56,835		Linde, PLC			25,774,673
	67,845		PPG Industries, Inc.			8,614,958
	40,365		Sherwin-Williams Company			14,160,042
	50,490		Vulcan Materials Company			13,860,010
						71,315,492
			Real Estate (0.7%)
	70,930		American Tower Corp.			15,632,972
	119,195		Invitation Homes, Inc.			4,204,008
						19,836,980
			Utilities (1.0%)
	77,480		CMS Energy Corp.			5,020,704
	176,574		DTE Energy Company			21,282,464
	32,149		NextEra Energy, Inc.			2,455,862
						28,759,030
			Total Common Stocks (Cost $1,498,767,626)			2,594,274,944
Warrants (0.0%) #
			Energy (0.0%)
	57,470		Mcdermott International, Ltd.
			06/30/27, Strike $15.98			6
	51,723		Mcdermott International, Ltd.
			06/30/27, Strike $12.33			5
	16,676		Tidewater, Inc.
			11/14/42, Strike $0.01			1
			Total Warrants (Cost $369,524)			12
Exchange-Traded Funds (0.3%)
			Other (0.3%)
	56,295		iShares Biotechnology ETF^			8,329,971
	4,890		iShares Preferred & Income Securities ETF^			155,062
			Total Exchange-Traded Funds (Cost $7,886,099)			8,485,033
Preferred Stocks (0.2%)
			Communication Services (0.1%)
			AT&T, Inc.
	8,482		4.750%, 02/18/25			168,707
	3,485		5.350%, 11/01/66			78,796
	14,625		Qwest Corp.
			6.500%, 09/01/56			156,780
	9,521		Telephone & Data Systems, Inc.
			6.000%, 09/30/26			164,332
			United States Cellular Corp.
	24,420		5.500%, 03/01/70			498,168
	23,445		5.500%, 06/01/70			478,278
						1,545,061
			Consumer Discretionary (0.0%)
			Ford Motor Company
	2,835		6.200%, 06/01/59			67,048
	2,764		6.500%, 08/15/62			67,801
	8,177		Guitar Center, Inc.#			306,637
	1,355		Qurate Retail, Inc.^
			8.000%, 03/15/31			50,149
	4,100		QVC, Inc.
			6.250%, 11/26/68			47,396
						539,031
			Financials (0.1%)
	4,200		Affiliated Managers Group, Inc.
			6.750%, 03/30/64			105,672
	5,970		Annaly Capital Management, Inc.‡
			10.586%, 08/30/24
			3 mo. LIBOR + 4.99%			152,892
	1,575		Arch Capital Group, Ltd. Series G
			4.550%, 06/11/26			30,161
	1,350		Capital One Financial Corp.
			4.800%, 06/01/25			25,286
	10,725		CNO Financial Group, Inc.
			5.125%, 11/25/60			212,569
	1,732		Cullen/Frost Bankers, Inc.
			4.450%, 12/15/25			31,436
	3,401		First Citizens BancShares, Inc.^
			5.625%, 01/04/27			76,216
	3,200		M&T Bank Corp. Series J#
			7.500%, 06/15/29			84,192
	6,400		Morgan Stanley#
			6.625%, 10/15/29			165,504
	11,100		Reinsurance Group of America, Inc.‡
			7.125%, 10/15/52
			5 year CMT + 3.46%			286,824
	8,314		Selective Insurance Group, Inc.^
			4.600%, 12/15/25			151,731
						1,322,483
			Industrials (0.0%)
	5,043		WESCO International, Inc.‡
			10.625%, 06/22/25
			5 year CMT + 10.33%			131,622
			Real Estate (0.0%)
			Brookfield Property Partners, LP
	8,773		5.750%, 03/31/25			110,452
	5,000		6.375%, 09/30/24			68,025
			Global Net Lease, Inc.
	3,651		7.500%, 08/30/24			80,030
	3,625		6.875%, 11/26/24			74,095
	1,425		Kimco Realty Corp. Series M, Class A
			5.250%, 08/30/24			31,165
	3,000		Realty Income Corp.
			6.000%, 08/30/24			73,140
						436,907
			Utilities (0.0%)
	6,000		Brookfield Renewable Partners, LP
			5.250%, 03/31/25			113,760
	5,100		DTE Energy Company
			5.250%, 12/01/77			117,708
						231,468
			Total Preferred Stocks (Cost $5,025,085)			4,206,572

See accompanying Notes to Schedule of Investments

15

Calamos Strategic Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF CONTRACTS/ NOTIONAL AMOUNT					VALUE
Purchased Options (0.3%) #
			Communication Services (0.1%)
	1,415		Alphabet, Inc.
	24,272,910		Put, 10/18/24, Strike $180.00		$	1,694,462
			Consumer Discretionary (0.1%)
	1,700		Tesla, Inc.
	39,451,900		Call, 10/18/24, Strike $260.00			2,201,500
			Other (0.1%)
	2,610		iShares Russell 2000 ETF
	58,427,460		Call, 12/20/24, Strike $230.00			3,006,720
	250		S&P 500 Index
	138,057,500		Put, 09/20/24, Strike $5,250.00			871,250
						3,877,970
			Total Purchased Options (Cost $10,681,523)			7,773,932
TOTAL INVESTMENTS (138.0%) (Cost $2,671,123,892)						3,788,328,613
MANDATORY REDEEMABLE PREFERRED SHARES, AT LIQUIDATION VALUE (-11.8%)						(323,500,000	)
LIABILITIES, LESS OTHER ASSETS (-26.2%)						(718,685,065	)
NET ASSETS (100.0%)					$	2,746,143,548
WRITTEN OPTION (0.0%) #
			Consumer Discretionary (0.0%)
	(850	)	Tesla, Inc.
	(19,725,950	)	Call, 10/18/24, Strike $300.00
			(Premium $1,000,418)			(446,250	)

NOTES TO SCHEDULE OF INVESTMENTS
*	Securities issued and sold pursuant to a Rule 144A transaction are exempted from the registration requirement of the Securities Act of 1933, as amended. These securities may only be sold to qualified institutional buyers (“QIBs”), such as the Fund. Any resale of these securities must generally be effected through a sale that is registered under the Act or otherwise exempted from such registration requirements.
@	In default status and considered non-income producing.
^	Security, or portion of security, is on loan.
‡	Variable rate security. The rate shown is the rate in effect at July 31, 2024.
~	Security, or portion of security, is segregated as collateral (or potential collateral for future transactions) for written options. The aggregate value of such securities is $5,852,531.
¡	Bank loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown.
!	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.
#	Non-income producing security.
§	Securities exchangeable or convertible into securities of one or more entities that are different than the issuer. Each entity is identified in the parenthetical.
**	Step coupon security. Coupon changes periodically based upon a predetermined schedule. The rate shown is the rate in effect at July 31, 2024.
µ	Security, or portion of security, is held in a segregated account as collateral for note payable aggregating a total value of $88,337,650.
ABBREVIATION
ADR	American Depositary Receipt
FOREIGN CURRENCY ABBREVIATION
EUR	European Monetary Unit
Note: Value for securities denominated in foreign currencies is shown in U.S. dollars. The principal amount for such securities is shown in the respective foreign currency. The date on options represents the expiration date of the option contract. The option contract may be exercised at any date on or before the date shown.

The following table summarizes the Fund's investments and derivative financial instruments categorized in the fair value hierarchy as of July 31, 2024 (see Note 2):

		LEVEL 1				LEVEL 2				LEVEL 3				TOTAL
Assets:
Asset Backed Securities		$	—			$	897,327			$	—			$	897,327
Corporate Bonds			—				395,846,678				—				395,846,678
Convertible Bonds			—				574,501,990				—				574,501,990
Bank Loans			—				159,022,423				—				159,022,423
U.S. Government and Agency Securities			—				508,850				—				508,850
Convertible Preferred Stocks			34,873,763				7,937,089				—				42,810,852
Common Stocks			2,591,985,201				2,289,743				—				2,594,274,944
Warrants			—				12				—				12
Exchange-Traded Funds			8,485,033				—				—				8,485,033
Preferred Stocks			3,899,935				306,637				—				4,206,572
Purchased Options			7,773,932				—				—				7,773,932
Total		$	2,647,017,864			$	1,141,310,749			$	—			$	3,788,328,613
Liabilities:
Written Options		$	446,250			$	—			$	—			$	446,250
Total		$	446,250			$	—			$	—			$	446,250

See accompanying Notes to Schedule of Investments

16

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT						VALUE
Asset Backed Security (0.1%)
				Other (0.1%)
	215,000			SVC ABS, LLC Series 2023-1A, Class C*
				6.700%, 02/20/53
				(Cost $200,663)		$	202,016
Corporate Bonds (15.9%)
				Airlines (0.2%)
	224,949			Alaska Airlines Pass Through Trust Series 2020-1, Class A*
				4.800%, 02/15/29			221,023
	91,135			Alaska Airlines Pass Through Trust Series 2020-1, Class B*
				8.000%, 02/15/27			92,344
	259,120			American Airlines Pass Through Trust Series 2021-1, Class B
				3.950%, 01/11/32			239,878
	114,333			American Airlines, Inc. / AAdvantage Loyalty IP, Ltd.*
				5.500%, 04/20/26			113,647
	242,168			British Airways Pass Through Trust Series 2021-1, Class B*
				3.900%, 03/15/33			225,359
	193,619			JetBlue Pass Through Trust Series 2020-1, Class B
				7.750%, 05/15/30			199,921
							1,092,172
				Communication Services (1.4%)
	200,000			Altice France Holding, SA*
				10.500%, 05/15/27			76,028
	300,000			Altice France, SA*
				5.500%, 10/15/29			211,386
	320,000			APi Group DE, Inc.*
				4.750%, 10/15/29			304,669
	280,000			Ashtead Capital, Inc.*
				2.450%, 08/12/31			232,982
				Audacy Capital Corp.*@
	336,000			6.750%, 03/31/29			13,917
	131,000			6.500%, 05/01/27			5,820
	242,000			Cincinnati Bell Telephone Company, LLC
				6.300%, 12/01/28			228,177
				Clear Channel Outdoor Holdings, Inc.*
	130,000			7.875%, 04/01/30			132,451
	80,000			9.000%, 09/15/28^			85,099
	371,000			Consolidated Communications, Inc.*
				6.500%, 10/01/28			335,451
				CSC Holdings, LLC*
	400,000			4.625%, 12/01/30			159,880
	400,000			4.500%, 11/15/31			275,804
	200,000			5.750%, 01/15/30			80,864
	141,000			Directv Financing, LLC / Directv Financing Co-Obligor, Inc.*
				5.875%, 08/15/27			135,909
	275,000			Frontier California, Inc.
				6.750%, 05/15/27			269,019
	65,000			Frontier Communications Holdings, LLC*
				8.750%, 05/15/30			68,157
	419,000			Frontier Florida, LLC
				6.860%, 02/01/28			426,605
	400,000			Frontier North, Inc.
				6.730%, 02/15/28			397,648
				Go Daddy Operating Company, LLC / GD Finance Company, Inc.*
	235,000			3.500%, 03/01/29			213,902
	69,000			5.250%, 12/01/27			68,010
	135,000			Gray Television, Inc.*
				5.375%, 11/15/31			87,327
	65,000			Hughes Satellite Systems Corp.
				6.625%, 08/01/26			30,570
				iHeartCommunications, Inc.
	165,000			8.375%, 05/01/27			67,452
	100,000			5.250%, 08/15/27*^			65,561
	230,000			LCPR Senior Secured Financing DAC*
				6.750%, 10/15/27			214,841
	198,330			Ligado Networks, LLC*
				15.500%, 11/01/23			32,062
				Lumen Technologies, Inc.
	200,000			7.600%, 09/15/39			85,972
	135,000			4.000%, 02/15/27*			86,632
	67,000			7.650%, 03/15/42			27,811
	130,000			Match Group Holdings II, LLC*
				3.625%, 10/01/31			112,463
	260,000			Paramount Global 4.900%, 08/15/44			190,187
	94,000			Qwest Corp. 7.250%, 09/15/25			93,378
				Scripps Escrow II, Inc.*
	136,000			3.875%, 01/15/29			88,692
	68,000			5.375%, 01/15/31			33,119
	225,000			Scripps Escrow, Inc.*^
				5.875%, 07/15/27			156,618
				Sirius XM Radio, Inc.*
	345,000			5.500%, 07/01/29			330,293
	325,000			3.875%, 09/01/31			271,681
	130,000			3.125%, 09/01/26			123,783
	242,000			Spanish Broadcasting System, Inc.*
				9.750%, 03/01/26			145,253
	300,000			Stagwell Global, LLC*
				5.625%, 08/15/29			283,044
	130,000			Telesat Canada / Telesat, LLC*
				4.875%, 06/01/27			59,483
				Time Warner Cable, LLC
	200,000			6.550%, 05/01/37			195,756
	105,000			7.300%, 07/01/38			109,378
	233,000			United States Cellular Corp.
				6.700%, 12/15/33			249,762
	202,000			Univision Communications, Inc.*
				8.000%, 08/15/28			203,218
	135,000			Viasat, Inc.*
				5.625%, 04/15/27			126,932
							7,193,046
				Consumer Discretionary (3.4%)
	400,000			Adams Homes, Inc.*
				9.250%, 10/15/28			415,448

See accompanying Notes to Schedule of Investments

1

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT						VALUE
	195,000			Adient Global Holdings Company*^
				8.250%, 04/15/31		$	205,204
	230,000			American Axle & Manufacturing, Inc.
				5.000%, 10/01/29			210,876
				Ashton Woods USA, LLC / Ashton Woods Finance Company*
	228,000			4.625%, 08/01/29			210,704
	72,000			6.625%, 01/15/28			72,455
	325,000			At Home Group, Inc.*
				4.875%, 07/15/28			123,734
				Bath & Body Works, Inc.
	355,000			6.694%, 01/15/27			361,791
	195,000			6.875%, 11/01/35			197,960
				Caesars Entertainment, Inc.*
	168,000			4.625%, 10/15/29^			156,238
	132,000			8.125%, 07/01/27			134,862
				Carnival Corp.*
	134,000			4.000%, 08/01/28			126,914
	133,000			7.625%, 03/01/26			134,424
	16,000			7.000%, 08/15/29			16,716
				Carvana Company*
	55,316			14.000%, 06/01/31			64,539
	46,605			13.000%, 06/01/30			51,428
	30,585			12.000%, 12/01/28			33,070
				CCO Holdings, LLC / CCO Holdings Capital Corp.*
	570,000			4.750%, 03/01/30			510,492
	315,000			5.125%, 05/01/27			306,111
	315,000			4.500%, 08/15/30			275,937
	300,000			6.375%, 09/01/29			292,236
	266,000			4.250%, 02/01/31			226,600
	130,000			5.000%, 02/01/28			123,880
	130,000			4.750%, 02/01/32			111,506
	130,000			CDI Escrow Issuer, Inc.*
				5.750%, 04/01/30			127,511
	207,000			Cedar Fair, LP / Canada's Wonderland Company / Magnum Management Corp. / Millennium Op
				5.250%, 07/15/29			201,755
	132,000			Churchill Downs, Inc.*
				6.750%, 05/01/31			134,039
				Dana, Inc.
	220,000			4.250%, 09/01/30			194,539
	195,000			4.500%, 02/15/32			170,658
				DISH DBS Corp.
	300,000			5.125%, 06/01/29			126,810
	190,000			5.250%, 12/01/26*			158,283
	168,000			7.375%, 07/01/28			77,972
	135,000			5.750%, 12/01/28*			99,409
	115,000			7.750%, 07/01/26			74,151
	265,000			DISH Network Corp.*
				11.750%, 11/15/27			265,376
	400,000			Empire Resorts, Inc.*
				7.750%, 11/01/26			386,476
	296,000			Everi Holdings, Inc.*
				5.000%, 07/15/29			293,327
	275,000			Ford Motor Company
				6.100%, 08/19/32			278,569
				Ford Motor Credit Company, LLC
	425,000			4.000%, 11/13/30			386,491
	350,000			5.113%, 05/03/29			342,793
	340,000			7.200%, 06/10/30			363,375
	240,000			7.350%, 11/04/27			252,905
	98,000			Gap, Inc.*
				3.875%, 10/01/31			82,528
	135,000			General Motors Company
				5.200%, 04/01/45			121,603
				goeasy, Ltd.*
	455,000			9.250%, 12/01/28			488,165
	237,000			7.625%, 07/01/29			242,963
				Goodyear Tire & Rubber Company^
	270,000			5.625%, 04/30/33			248,843
	140,000			5.250%, 07/15/31			131,075
				Group 1 Automotive, Inc.*
	155,000			6.375%, 01/15/30			156,609
	114,000			4.000%, 08/15/28			106,345
	153,000			Guitar Center, Inc.*^
				8.500%, 01/15/26			136,811
	343,025			Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.*
				11.000%, 04/15/29			327,465
	145,000			International Game Technology, PLC*
				6.250%, 01/15/27			146,408
	65,456			JetBlue Pass Through Trust Series 2019-2, Class B
				8.000%, 11/15/27			66,935
	298,000			Kohl's Corp.
				5.550%, 07/17/45			198,048
	265,000			LCM Investments Holdings II, LLC*
				8.250%, 08/01/31			277,974
	265,000			Liberty Interactive, LLC
				8.250%, 02/01/30			136,952
	256,000			Life Time, Inc.*
				8.000%, 04/15/26			260,004
	135,000			Light & Wonder International, Inc.*
				7.500%, 09/01/31			140,894
	100,000			Lindblad Expeditions Holdings, Inc.*
				9.000%, 05/15/28			104,183
	168,000			Lindblad Expeditions, LLC*
				6.750%, 02/15/27			168,158
	175,000			M/I Homes, Inc.
				3.950%, 02/15/30			159,677
				Macy's Retail Holdings, LLC
	305,000			6.700%, 07/15/34*			269,016
	200,000			4.300%, 02/15/43			143,898
	130,000			MGM Resorts International
				6.500%, 04/15/32			130,553
	332,000			Midwest Gaming Borrower, LLC / Midwest Gaming Finance Corp.*
				4.875%, 05/01/29			313,780
	160,000			Newell Brands, Inc.
				5.700%, 04/01/26			159,787
				Nordstrom, Inc.
	130,000			6.950%, 03/15/28			133,231
	130,000			5.000%, 01/15/44			103,860
	123,000			4.250%, 08/01/31			109,720
	399,000			Patrick Industries, Inc.*
				4.750%, 05/01/29			373,033
	305,000			PENN Entertainment, Inc.*
				4.125%, 07/01/29			270,105
	132,000			Phinia, Inc.*
				6.750%, 04/15/29			134,839

See accompanying Notes to Schedule of Investments

2

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT						VALUE
	365,000			Premier Entertainment Sub, LLC / Premier Entertainment Finance Corp.*
				5.625%, 09/01/29		$	273,356
	135,000			QVC, Inc.
				5.450%, 08/15/34			86,072
	130,000			Raising Cane's Restaurants, LLC*
				9.375%, 05/01/29			140,527
	529,000			Rite Aid Corp.*@
				8.000%, 11/15/26			234,442
				Royal Caribbean Cruises, Ltd.*
	132,000			7.250%, 01/15/30			138,486
	32,000			6.250%, 03/15/32			32,622
	370,000			Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed*
				4.625%, 03/01/29			334,861
	395,000			Six Flags Entertainment Corp.*
				7.250%, 05/15/31			406,949
	173,000			Sonic Automotive, Inc.*
				4.625%, 11/15/29			158,392
	193,000			Speedway Motorsports, LLC / Speedway Funding II, Inc.*
				4.875%, 11/01/27			186,262
	275,000			Station Casinos, LLC*
				4.500%, 02/15/28			261,577
	260,000			STL Holding Company, LLC*
				8.750%, 02/15/29			271,034
	162,000			Taylor Morrison Communities, Inc.*
				5.750%, 01/15/28			162,275
	65,000			Viking Cruises, Ltd.*
				9.125%, 07/15/31			70,942
	300,000			Vista Outdoor, Inc.*
				4.500%, 03/15/29			299,373
	265,000			ZF North America Capital, Inc.*
				7.125%, 04/14/30			275,433
							17,473,629
				Consumer Staples (0.7%)
	395,000			Arrow Bidco, LLC*
				10.750%, 06/15/25			401,648
	60,000			B&G Foods, Inc.*
				8.000%, 09/15/28			61,255
				Brink's Company*
	130,000			6.500%, 06/15/29			132,622
	65,000			6.750%, 06/15/32			66,317
	305,000			Central Garden & Pet Company*
				4.125%, 04/30/31			271,721
	304,000			Edgewell Personal Care Company*
				4.125%, 04/01/29			283,091
				Energizer Holdings, Inc.*
	370,000			4.375%, 03/31/29			341,854
	66,000			6.500%, 12/31/27^			66,440
				JBS USA LUX, SA / JBS USA Food Company / JBS USA Finance, Inc.
	260,000			5.500%, 01/15/30^			260,411
	175,000			5.125%, 02/01/28µ			175,145
	73,000			5.750%, 04/01/33			73,644
	177,000			New Albertsons, LP
				7.750%, 06/15/26			181,848
	261,000			Performance Food Group, Inc.*
				4.250%, 08/01/29			241,947
	210,000			Pilgrim's Pride Corp.
				4.250%, 04/15/31			195,329
	130,000			Post Holdings, Inc.*
				6.250%, 02/15/32			131,936
	252,000			Prestige Brands, Inc.*
				3.750%, 04/01/31			222,554
	130,000			RR Donnelley & Sons Company*
				9.500%, 08/01/29			130,910
	240,000			United Natural Foods, Inc.*^
				6.750%, 10/15/28			219,730
	278,000			Vector Group, Ltd.*
				5.750%, 02/01/29			267,261
							3,725,663
				Energy (2.4%)
	268,000			Apache Corp.
				5.100%, 09/01/40			235,409
				Buckeye Partners, LP
	195,000			6.875%, 07/01/29*			198,198
	135,000			5.850%, 11/15/43			120,524
	129,000			Cheniere Energy, Inc.µ
				4.625%, 10/15/28			126,581
	198,000			Chesapeake Energy Corp.*
				6.750%, 04/15/29			200,408
	371,000			Civitas Resources, Inc.*
				8.750%, 07/01/31			399,619
				Continental Resources, Inc.
	135,000			4.900%, 06/01/44			114,106
	133,000			2.875%, 04/01/32*^			110,528
	202,000			DT Midstream, Inc.*
				4.125%, 06/15/29			189,050
				Earthstone Energy Holdings, LLC*
	256,000			8.000%, 04/15/27			264,210
	100,000			9.875%, 07/15/31			111,460
				Enbridge, Inc.‡
	130,000			7.375%, 03/15/55
				5 year CMT + 3.12%			131,856
	130,000			7.200%, 06/27/54
				5 year CMT + 2.97%			132,861
	85,000			7.375%, 01/15/83
				5 year CMT + 3.71%			85,757
	260,000			Encino Acquisition Partners Holdings, LLC*
				8.750%, 05/01/31			273,390
				Energy Transfer, LP‡
	390,000			8.527%, 11/01/66
				3 mo. SOFR + 3.28%			378,940
	197,000			6.500%, 11/15/26
				5 year CMT + 5.69%			196,092
				EnLink Midstream Partners, LP
	340,000			9.711%, 09/03/24‡
				3 mo. USD LIBOR + 4.11%			337,613
	285,000			4.850%, 07/15/26			281,905
	168,000			EnLink Midstream, LLC*
				6.500%, 09/01/30			175,352
				EQM Midstream Partners, LP*
	430,000			7.500%, 06/01/27			442,436
	135,000			6.375%, 04/01/29			137,928
				Genesis Energy, LP / Genesis Energy Finance Corp.
	196,000			8.875%, 04/15/30			207,742
	110,000			7.875%, 05/15/32			112,375
				Gulfport Energy Corp.
	255,000			8.000%, 05/17/26*			258,759
	79,696			8.000%, 05/17/26			80,871

See accompanying Notes to Schedule of Investments

3

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT						VALUE
	365,000			Hilcorp Energy I, LP / Hilcorp Finance Company*
				6.000%, 04/15/30		$	357,543
	130,000			Howard Midstream Energy Partners, LLC*
				7.375%, 07/15/32			134,013
	260,000			Kodiak Gas Services, LLC*
				7.250%, 02/15/29			267,873
	262,000			Magnolia Oil & Gas Operating, LLC / Magnolia Oil & Gas Finance Corp.*
				6.000%, 08/01/26			261,686
	263,000			Matador Resources Company*
				6.500%, 04/15/32			264,536
				Moss Creek Resources Holdings, Inc.*
	145,000			10.500%, 05/15/27			148,770
	130,000			7.500%, 01/15/26			130,253
				Nabors Industries, Inc.*
	200,000			7.375%, 05/15/27			203,864
	100,000			9.125%, 01/31/30			107,089
	200,000			Nabors Industries, Ltd.*^
				7.500%, 01/15/28			196,784
	177,000			New Fortress Energy, Inc.*
				6.750%, 09/15/25			174,076
	275,000			Oceaneering International, Inc.
				6.000%, 02/01/28			272,811
	280,000			Parkland Corp.*
				5.875%, 07/15/27			279,734
	138,000			Patterson-UTI Energy, Inc.^
				5.150%, 11/15/29			136,693
				Permian Resources Operating, LLC*
	66,000			7.000%, 01/15/32			68,338
	65,000			6.250%, 02/01/33			65,012
	270,000			Plains All American Pipeline, LP‡
				9.694%, 09/03/24
				3 mo. USD LIBOR + 4.11%			270,324
	365,000			Rockcliff Energy II, LLC*
				5.500%, 10/15/29			346,549
	130,000			Southwestern Energy Company
				4.750%, 02/01/32			121,618
	260,000			Summit Midstream Holdings, LLC*
				8.625%, 10/31/29			265,897
				Transocean, Inc.*
	260,000			8.250%, 05/15/29			265,660
	238,500			8.750%, 02/15/30			251,253
				Venture Global Calcasieu Pass, LLC*
	165,000			6.250%, 01/15/30			169,831
	65,000			4.125%, 08/15/31			59,173
	65,000			3.875%, 08/15/29			60,239
				Venture Global LNG, Inc.*
	330,000			8.375%, 06/01/31			346,817
	200,000			8.125%, 06/01/28			208,226
	137,000			7.000%, 01/15/30			138,636
	135,000			9.875%, 02/01/32			149,907
	135,000			9.500%, 02/01/29			150,202
				Vital Energy, Inc.
	165,000			7.750%, 07/31/29*			167,107
	137,000			7.875%, 04/15/32*			139,518
	103,000			9.750%, 10/15/30			112,821
	275,000			VOC Escrow, Ltd.*
				5.000%, 02/15/28			268,573
	327,000			Weatherford International, Ltd.*
				8.625%, 04/30/30			340,629
							12,206,025
				Financials (2.8%)
	420,000			Acrisure, LLC / Acrisure Finance, Inc.*
				8.250%, 02/01/29			427,787
	400,000			Aethon United BR, LP / Aethon United Finance Corp.*
				8.250%, 02/15/26			405,716
	460,000			Alliant Holdings Intermediate, LLC / Alliant Holdings Co-Issuer*
				6.750%, 10/15/27			457,061
				Ally Financial, Inc.
	302,000			4.700%, 05/15/26‡
				5 year CMT + 3.87%			276,037
	125,000			4.700%, 05/15/28‡
				7 year CMT + 3.48%			104,149
	110,000			8.000%, 11/01/31			123,987
	533,000			AmWINS Group, Inc.*
				4.875%, 06/30/29			502,939
	198,000			Aviation Capital Group, LLC*µ
				3.500%, 11/01/27			188,060
	260,000			Baldwin Insurance Group Holdings, LLC / Baldwin Insurance Group Holdings Finance*
				7.125%, 05/15/31			268,341
	130,000			Brandywine Operating Partnership, LP
				8.875%, 04/12/29			138,551
	398,000			BroadStreet Partners, Inc.*
				5.875%, 04/15/29			384,130
	315,000			Brookfield Property REIT, Inc. / BPR Cumulus, LLC / BPR Nimbus, LLC / GGSI Sellco, LLC*
				4.500%, 04/01/27			298,497
	200,000			Burford Capital Global Financial, LLC*
				6.875%, 04/15/30			198,096
				Credit Acceptance Corp.
	255,000			6.625%, 03/15/26			255,227
	180,000			9.250%, 12/15/28*			192,575
	265,000			Cushman & Wakefield U.S. Borrower LLC*
				8.875%, 09/01/31			285,747
	300,000			GGAM Finance, Ltd.*
				8.000%, 02/15/27			310,509
	398,000			Global Net Lease, Inc. / Global Net Lease Operating Partnership, LP*
				3.750%, 12/15/27			360,190
	275,000			GTCR W-2 Merger Sub, LLC*
				7.500%, 01/15/31			289,657
	145,000			HAT Holdings I, LLC / HAT Holdings II, LLC*
				8.000%, 06/15/27			151,805
				HUB International, Ltd.*
	398,000			5.625%, 12/01/29			382,478
	130,000			7.375%, 01/31/32			133,897
	202,000			Icahn Enterprises, LP / Icahn Enterprises Finance Corp.
				4.375%, 02/01/29			175,922
	550,000			Iron Mountain, Inc.*
				5.250%, 03/15/28			539,132

See accompanying Notes to Schedule of Investments

4

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT						VALUE
	540,000			Jefferies Finance, LLC / JFIN Co-Issuer Corp.*
				5.000%, 08/15/28		$	502,578
				Ladder Capital Finance Holdings, LLLP / Ladder Capital Finance Corp.*
	522,000			5.250%, 10/01/25			519,943
	280,000			4.750%, 06/15/29			266,176
	162,000			7.000%, 07/15/31			165,885
	245,000			LD Holdings Group, LLC*
				6.125%, 04/01/28			195,067
				Level 3 Financing, Inc.*
	280,000			4.250%, 07/01/28			152,774
	135,000			4.625%, 09/15/27			89,165
	200,000			LPL Holdings, Inc.*µ
				4.000%, 03/15/29			188,162
	265,000			Macquarie Airfinance Holdings, Ltd.*
				8.125%, 03/30/29			280,555
	417,000			MetLife, Inc.
				6.400%, 12/15/66			426,670
	365,000			Nationstar Mortgage Holdings, Inc.*
				5.500%, 08/15/28			354,791
	170,000			Necessity Retail REIT, Inc. / American Finance Operating Partner, LP*
				4.500%, 09/30/28			154,941
	130,000			Newmark Group, Inc.
				7.500%, 01/12/29			136,591
				OneMain Finance Corp.
	185,000			9.000%, 01/15/29			196,322
	180,000			3.875%, 09/15/28			164,977
	130,000			7.500%, 05/15/31			133,766
	130,000			Park Intermediate Holdings, LLC / PK Domestic Property, LLC / PK Finance Co-Issuer*
				7.000%, 02/01/30			132,380
	416,000			PHH Mortgage Corp.*
				7.875%, 03/15/26			409,889
				RHP Hotel Properties, LP / RHP Finance Corp.*
	300,000			4.500%, 02/15/29			284,502
	265,000			6.500%, 04/01/32			268,172
				Rocket Mortgage, LLC / Rocket Mortgage Co-Issuer, Inc.*
	125,000			3.625%, 03/01/29			114,925
	120,000			3.875%, 03/01/31			106,907
	65,000			2.875%, 10/15/26			61,459
	190,000			Service Properties Trust
				8.375%, 06/15/29			189,234
	325,000			StoneX Group, Inc.*
				7.875%, 03/01/31			338,582
				United Wholesale Mortgage, LLC*
	310,000			5.500%, 04/15/29			299,482
	130,000			5.750%, 06/15/27			128,452
				Uniti Group, LP / Uniti Group Finance, Inc. / CSL Capital, LLC*
	135,000			6.500%, 02/15/29			102,577
	167,000			10.500%, 02/15/28			169,046
	130,000			VFH Parent, LLC / Valor Co-Issuer, Inc.*
				7.500%, 06/15/31			133,947
	300,000			VZ Secured Financing, BV*
				5.000%, 01/15/32			262,905
	280,000			XHR, LP*
				6.375%, 08/15/25			280,199
							14,061,511
				Health Care (1.0%)
				CHS/Community Health Systems, Inc.*
	533,000			6.125%, 04/01/30			407,516
	197,000			10.875%, 01/15/32			211,765
	146,000			6.875%, 04/15/29			119,916
	33,000			5.250%, 05/15/30			28,843
				DaVita, Inc.*
	313,000			3.750%, 02/15/31			271,149
	291,000			4.625%, 06/01/30			266,847
				Embecta Corp.*
	195,000			5.000%, 02/15/30			167,601
	67,000			6.750%, 02/15/30			59,850
				Encompass Health Corp.
	130,000			4.750%, 02/01/30			124,337
	130,000			4.500%, 02/01/28			125,772
	282,000			HCA, Inc.
				7.500%, 11/06/33			319,097
	200,000			Jazz Securities DAC*
				4.375%, 01/15/29			188,228
				Medline Borrower, LP*
	336,000			5.250%, 10/01/29			325,026
	335,000			3.875%, 04/01/29			312,883
	33,000			Medline Borrower, LP / Medline Co-Issuer, Inc.*
				6.250%, 04/01/29			33,724
				Organon & Company / Organon Foreign Debt Co-Issuer, BV*
	490,000			5.125%, 04/30/31			450,864
	200,000			4.125%, 04/30/28			188,128
				Tenet Healthcare Corp.
	625,000			6.250%, 02/01/27			626,588
	375,000			6.875%, 11/15/31			401,599
				Teva Pharmaceutical Finance Netherlands III, BV
	335,000			5.125%, 05/09/29			325,298
	200,000			4.750%, 05/09/27			193,994
	130,000			3.150%, 10/01/26			123,128
							5,272,153
				Industrials (2.2%)
	260,000			Aar Escrow Issuer, LLC*
				6.750%, 03/15/29			265,907
	300,000			ACCO Brands Corp.*
				4.250%, 03/15/29			274,341
	300,000			AerCap Holdings, NV^‡
				5.875%, 10/10/79
				5 year CMT + 4.54%			299,409
	265,000			Air Lease Corp.‡
				4.125%, 12/15/26
				5 year CMT + 3.15%			244,155
				Albertsons Companies, Inc. / Safeway, Inc. / New Albertsons, LP / Albertsons, LLC*
	440,000			4.625%, 01/15/27			429,290
	195,000			5.875%, 02/15/28			193,635
	146,000			Arcosa, Inc.*
				4.375%, 04/15/29			137,809
	700,000			ARD Finance, SA*
				6.500%, 06/30/27
				7.250% PIK Rate			180,607

See accompanying Notes to Schedule of Investments

5

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT						VALUE
	206,000			Beacon Roofing Supply, Inc.*
				4.125%, 05/15/29		$	189,617
				Bombardier, Inc.*
	130,000			8.750%, 11/15/30			141,049
	95,000			7.000%, 06/01/32			97,204
	81,000			7.250%, 07/01/31			83,511
	78,000			7.875%, 04/15/27			78,188
	261,000			BWX Technologies, Inc.*
				4.125%, 04/15/29			246,285
	273,000			Cascades, Inc. / Cascades USA, Inc.*
				5.375%, 01/15/28			265,364
	68,000			Delta Air Lines, Inc. / SkyMiles IP, Ltd.*µ
				4.750%, 10/20/28			67,240
	350,000			Deluxe Corp.*
				8.000%, 06/01/29			331,653
	260,000			Eco Material Technologies, Inc.*
				7.875%, 01/31/27			264,761
	252,000			Emerald Debt Merger Sub, LLC*
				6.625%, 12/15/30			256,854
				EnerSys*
	145,000			4.375%, 12/15/27			139,091
	135,000			6.625%, 01/15/32			137,761
	95,000			EquipmentShare.com, Inc.*
				8.625%, 05/15/32			98,758
	161,000			Graham Packaging Company, Inc.*
				7.125%, 08/15/28			157,025
				Graphic Packaging International, LLC*
	175,000			4.750%, 07/15/27			171,775
	125,000			3.500%, 03/01/29			113,750
	290,000			Great Lakes Dredge & Dock Corp.*
				5.250%, 06/01/29			261,032
	623,000			H&E Equipment Services, Inc.*
				3.875%, 12/15/28			569,989
				Herc Holdings, Inc.*
	350,000			5.500%, 07/15/27			347,343
	130,000			6.625%, 06/15/29			132,841
				JELD-WEN, Inc.*
	160,000			4.625%, 12/15/25			157,824
	135,000			4.875%, 12/15/27			128,805
	445,000			Ken Garff Automotive, LLC*
				4.875%, 09/15/28			422,763
	265,000			Knife River Holding Company*
				7.750%, 05/01/31			279,050
	69,000			MasTec, Inc.*µ
				4.500%, 08/15/28			66,770
	130,000			Masterbrand, Inc.*
				7.000%, 07/15/32			133,670
	170,000			Moog, Inc.*
				4.250%, 12/15/27			162,948
	323,000			Newfold Digital Holdings Group, Inc.*^
				6.000%, 02/15/29			222,993
	272,000			Novelis Corp.*
				4.750%, 01/30/30			256,648
	100,000			OI European Group, BV*
				4.750%, 02/15/30			92,164
	180,000			Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer, LLC*
				4.000%, 10/15/27			170,284
				Sealed Air Corp.*
	206,000			6.125%, 02/01/28			207,901
	65,000			6.500%, 07/15/32			65,863
	65,000			5.000%, 04/15/29			62,953
	65,000			Sealed Air Corp./Sealed Air Corp. U.S.*
				7.250%, 02/15/31			67,753
	247,000			Sensata Technologies, Inc.*
				3.750%, 02/15/31			218,575
	270,000			Standard Industries, Inc.*
				5.000%, 02/15/27			264,468
	216,000			Stericycle, Inc.*
				3.875%, 01/15/29			205,638
				TransDigm, Inc.*
	285,000			6.875%, 12/15/30			293,450
	200,000			6.750%, 08/15/28			204,162
	100,000			7.125%, 12/01/31			104,041
	65,000			6.625%, 03/01/32			66,555
	136,000			Tronox, Inc.*
				4.625%, 03/15/29			124,036
	89,276			United Airlines Pass Through Trust Series 2019-2, Class B
				3.500%, 11/01/29			83,653
	265,000			Vertiv Group Corp.*
				4.125%, 11/15/28			251,458
	274,000			Wabash National Corp.*
				4.500%, 10/15/28			250,494
	240,000			Waste Pro USA, Inc.*
				5.500%, 02/15/26			238,433
				Williams Scotsman, Inc.*
	157,000			4.625%, 08/15/28			149,605
	130,000			7.375%, 10/01/31			135,264
	100,000			6.625%, 06/15/29			101,906
							11,366,371
				Information Technology (0.7%)
	66,000			Booz Allen Hamilton, Inc.*µ
				4.000%, 07/01/29			62,469
	153,000			Coherent Corp.*^
				5.000%, 12/15/29			145,941
	116,000			Dell International, LLC / EMC Corp.µ
				6.020%, 06/15/26			117,941
	130,000			Dun & Bradstreet Corp.*^
				5.000%, 12/15/29			123,856
	138,000			Fair Isaac Corp.*
				4.000%, 06/15/28			130,025
	300,000			KBR, Inc.*
				4.750%, 09/30/28			285,693
				MPH Acquisition Holdings, LLC*
	300,000			5.750%, 11/01/28			179,604
	130,000			5.500%, 09/01/28			101,742
	132,000			NCL Corp., Ltd.*
				8.125%, 01/15/29			140,439
	130,000			NCR Voyix Corp.*
				5.125%, 04/15/29			124,325
	198,000			ON Semiconductor Corp.*
				3.875%, 09/01/28			185,249
				Open Text Corp.*
	204,000			3.875%, 02/15/28			190,768
	135,000			6.900%, 12/01/27			140,152
	98,000			3.875%, 12/01/29			89,047
	98,000			Open Text Holdings, Inc.*
				4.125%, 12/01/31			87,417
	230,000			Playtika Holding Corp.*
				4.250%, 03/15/29			205,084
	370,000			TTM Technologies, Inc.*
				4.000%, 03/01/29			344,603

See accompanying Notes to Schedule of Investments

6

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT						VALUE
				Twilio, Inc.
	185,000			3.625%, 03/15/29		$	168,078
	66,000			3.875%, 03/15/31			59,291
	97,000			UKG, Inc.*
				6.875%, 02/01/31			99,715
	325,000			Viavi Solutions, Inc.*
				3.750%, 10/01/29			282,496
	130,000			Zebra Technologies Corp.*
				6.500%, 06/01/32			133,666
	300,000			ZoomInfo Technologies, LLC / ZoomInfo Finance Corp.*
				3.875%, 02/01/29			274,299
							3,671,900
				Materials (0.7%)
	140,000			ArcelorMittal, SA
				7.000%, 10/15/39			154,517
	147,000			ATI, Inc.
				5.875%, 12/01/27			146,119
	67,000			Carpenter Technology Corp.
				7.625%, 03/15/30			69,965
	260,000			Chemours Company*^
				4.625%, 11/15/29			227,991
	420,000			Clearwater Paper Corp.*
				4.750%, 08/15/28			397,417
	199,000			Cleveland-Cliffs, Inc.*
				6.750%, 04/15/30			200,841
				Commercial Metals Company
	130,000			4.125%, 01/15/30			120,526
	65,000			4.375%, 03/15/32			59,501
	250,000			Constellium, SE*
				6.375%, 08/15/32			249,927
	136,000			HB Fuller Company
				4.250%, 10/15/28			127,123
	215,000			JW Aluminum Continuous Cast Company*
				10.250%, 06/01/26			215,482
	235,000			Kaiser Aluminum Corp.*
				4.625%, 03/01/28			220,714
				Mercer International, Inc.
	279,000			5.125%, 02/01/29			236,698
	133,000			12.875%, 10/01/28*			142,709
	250,000			OCI, NV*
				6.700%, 03/16/33			249,703
	200,000			Owens-Brockway Glass Container, Inc.*
				7.250%, 05/15/31			198,066
	305,000			Silgan Holdings, Inc.
				4.125%, 02/01/28			291,202
	131,000			Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc.*
				5.125%, 04/01/29			50,838
							3,359,339
				Other (0.0%)
				Gen Digital, Inc.*
	140,000			6.750%, 09/30/27			142,495
	75,000			7.125%, 09/30/30^			77,615
							220,110
				Real Estate (0.2%)
	210,000			EPR Properties
				3.750%, 08/15/29			192,226
				Forestar Group, Inc.*
	195,000			5.000%, 03/01/28			188,432
	137,000			3.850%, 05/15/26			132,519
	301,000			MIWD Holdco II, LLC / MIWD Finance Corp.*^
				5.500%, 02/01/30			281,787
							794,964
				Special Purpose Acquisition Companies (0.1%)
	65,000			Clydesdale Acquisition Holdings, Inc.*
				6.875%, 01/15/30			64,876
				Fertitta Entertainment, LLC / Fertitta Entertainment Finance Company, Inc.*
	260,000			6.750%, 01/15/30			230,719
	131,000			4.625%, 01/15/29			122,546
							418,141
				Utilities (0.1%)
	95,000			AES Corp.‡
				7.600%, 01/15/55
				5 year CMT + 3.20%			96,528
	95,000			Entergy Corp.‡
				7.125%, 12/01/54
				5 year CMT + 2.67%			95,209
	95,000			NiSource, Inc.‡
				6.950%, 11/30/54
				5 year CMT + 2.45%			96,232
	97,000			PPL Capital Funding, Inc.‡
				8.261%, 03/30/67
				3 mo. USD LIBOR + 2.67%			96,688
				Vistra Corp.*‡
	125,000			7.000%, 12/15/26
				5 year CMT + 5.74%			125,757
	65,000			8.000%, 10/15/26
				5 year CMT + 6.93%			66,509
							576,923
				Total Corporate Bonds (Cost $85,863,699)			81,431,947
Convertible Bonds (127.0%)
				Communication Services (7.4%)
	264,000			Cable One, Inc.µ
				0.000%, 03/15/26			236,328
	7,250,000			Liberty Media Corp.*
				2.375%, 09/30/53			7,916,637
	7,750,000			Liberty Media Corp.-Liberty Formula One
				2.250%, 08/15/27			8,729,600
	4,500,000			Match Group Financeco 3, Inc.*µ
				2.000%, 01/15/30			3,984,885
	14,000,000			Snap, Inc.*
				0.500%, 05/01/30			13,078,800
	3,000,000			Zillow Group, Inc.
				1.375%, 09/01/26			3,724,290
							37,670,540
				Consumer Discretionary (28.2%)
	5,000,000			Airbnb, Inc.µ
				0.000%, 03/15/26			4,587,100
	7,250,000			Alibaba Group Holding, Ltd.*
				0.500%, 06/01/31			7,289,875
	4,000,000			Booking Holdings, Inc.µ
				0.750%, 05/01/25			7,893,480

See accompanying Notes to Schedule of Investments

7

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT						VALUE
	3,750,000			Carnival Corp.
				5.750%, 12/01/27		$	5,669,288
	6,000,000			Chegg, Inc.
				0.000%, 09/01/26			4,962,540
	4,900,000			DISH Network Corp.
				0.000%, 12/15/25			3,599,589
	9,750,000			DraftKings Holdings, Inc.µ
				0.000%, 03/15/28			8,261,857
	11,250,000			Etsy, Inc.µ
				0.125%, 09/01/27			9,612,562
	14,500,000			Ford Motor Companyµ
				0.000%, 03/15/26			14,093,855
	3,500,000			JD.com, Inc.*
				0.250%, 06/01/29			3,283,245
	2,125,000			Lucid Group, Inc.*
				1.250%, 12/15/26			1,337,454
	9,000,000			Marriott Vacations Worldwide Corp.µ
				3.250%, 12/15/27			8,270,820
	7,000,000			Meritage Homes Corp.*^
				1.750%, 05/15/28			7,750,400
	10,000,000			Rivian Automotive, Inc.µ
				4.625%, 03/15/29			11,028,200
	1,750,000			Royal Caribbean Cruises, Ltd.
				6.000%, 08/15/25			5,554,133
	5,000,000			Shake Shack, Inc.
				0.000%, 03/01/28			4,317,700
	2,750,000			Stride, Inc.
				1.125%, 09/01/27			4,185,225
	7,000,000			Trip.com Group, Ltd.*
				0.750%, 06/15/29			6,546,470
	13,250,000			Vail Resorts, Inc.µ
				0.000%, 01/01/26			12,220,077
	11,750,000			Wayfair, Inc.µ
				3.250%, 09/15/27			13,680,055
							144,143,925
				Consumer Staples (1.6%)
	4,000,000			Post Holdings, Inc.
				2.500%, 08/15/27			4,555,120
	3,500,000			Spectrum Brands, Inc.*µ
				3.375%, 06/01/29			3,397,415
							7,952,535
				Energy (2.4%)
	3,500,000			Kosmos Energy, Ltd.*
				3.125%, 03/15/30			3,667,090
	4,265,000			Nabors Industries, Inc.
				1.750%, 06/15/29			3,577,567
	3,750,000			Northern Oil & Gas, Inc.
				3.625%, 04/15/29			4,777,538
	9,600,000			SunEdison, Inc.*@
				0.000%, 01/15/49			96,000
							12,118,195
				Financials (2.0%)
	3,625,000			Coinbase Global, Inc.*µ
				0.250%, 04/01/30			3,588,351
	7,250,000			Global Payments, Inc.*^µ
				1.500%, 03/01/31			6,834,068
							10,422,419
				Health Care (23.2%)
	4,000,000			Alnylam Pharmaceuticals, Inc.
				1.000%, 09/15/27			4,328,920
	4,750,000			Alphatec Holdings, Inc.
				0.750%, 08/01/26			4,569,595
	8,250,000			CONMED Corp.µ
				2.250%, 06/15/27			7,430,527
	10,500,000			CryoPort, Inc.*
				0.750%, 12/01/26			8,974,455
				Dexcom, Inc.µ
	13,817,000			0.250%, 11/15/25			12,997,514
	7,000,000			0.375%, 05/15/28			6,129,200
	2,525,000			Enovis Corp.*~
				3.875%, 10/15/28			2,739,474
				Exact Sciences Corp.µ
	6,000,000			0.375%, 03/15/27			5,312,100
	3,250,000			2.000%, 03/01/30*			3,002,545
	6,250,000			Halozyme Therapeutics, Inc.
				1.000%, 08/15/28			7,177,750
	1,772,000			Immunocore Holdings, PLC*
				2.500%, 02/01/30			1,553,247
	1,250,000			Insmed, Inc.
				0.750%, 06/01/28			2,848,888
	3,750,000			Insulet Corp.^
				0.375%, 09/01/26			4,062,037
	5,500,000			Integer Holdings Corp.
				2.125%, 02/15/28			8,046,280
	3,750,000			Ionis Pharmaceuticals, Inc.
				0.000%, 04/01/26			3,958,350
	3,500,000			iRhythm Technologies, Inc.*
				1.500%, 09/01/29			3,203,655
	8,000,000			Jazz Investments I, Ltd.µ
				2.000%, 06/15/26			7,840,880
	2,439,000			Lantheus Holdings, Inc.
				2.625%, 12/15/27			3,655,573
	9,000,000			NeoGenomics, Inc.
				0.250%, 01/15/28			7,334,730
	7,500,000			Omnicell, Inc.µ
				0.250%, 09/15/25			7,085,325
	2,886,000			Pacira BioSciences, Inc.
				0.750%, 08/01/25			2,705,192
	3,250,000			Sarepta Therapeutics, Inc.
				1.250%, 09/15/27			3,943,030
							118,899,267
				Industrials (8.6%)
	3,750,000			Axon Enterprise, Inc.
				0.500%, 12/15/27			5,269,800
	2,900,000			Fluor Corp.*
				1.125%, 08/15/29			3,558,532
	6,250,000			John Bean Technologies Corp.
				0.250%, 05/15/26			5,773,625
	3,500,000			Tetra Tech, Inc.*
				2.250%, 08/15/28			4,242,315
				Uber Technologies, Inc.
	17,000,000			0.000%, 12/15/25µ			17,572,050
	6,758,000			0.875%, 12/01/28*			7,554,633
							43,970,955
				Information Technology (45.2%)
	3,625,000			Advanced Energy Industries, Inc.*
				2.500%, 09/15/28			3,935,336
				Akamai Technologies, Inc.
	7,250,000			1.125%, 02/15/29*			7,227,162
	3,750,000			0.375%, 09/01/27^			3,820,050
	7,750,000			Bentley Systems, Inc.
				0.125%, 01/15/26			7,660,255
	6,500,000			BILL Holdings, Inc.µ
				0.000%, 12/01/25			6,045,845

See accompanying Notes to Schedule of Investments

8

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT						VALUE
	5,000,000			Confluent, Inc.µ
				0.000%, 01/15/27		$	4,359,650
	4,250,000			CyberArk Software, Ltd.
				0.000%, 11/15/24			6,934,555
	4,250,000			Datadog, Inc.
				0.125%, 06/15/25			5,646,592
	5,250,000			DigitalOcean Holdings, Inc.µ
				0.000%, 12/01/26			4,469,063
	7,927,000			Enphase Energy, Inc.µ
				0.000%, 03/01/26			7,347,061
	1,750,000			Five9, Inc.µ
				0.500%, 06/01/25			1,673,105
	3,500,000			Itron, Inc.*
				1.375%, 07/15/30			3,564,330
	4,500,000			MicroStrategy, Inc.*
				0.625%, 03/15/30			5,684,400
	12,000,000			MKS Instruments, Inc.*µ
				1.250%, 06/01/30			12,663,360
				NCL Corp., Ltd.
	5,250,000			1.125%, 02/15/27µ			4,910,220
	4,000,000			2.500%, 02/15/27µ			3,821,440
	2,750,000			5.375%, 08/01/25			3,251,875
	2,750,000			Nutanix, Inc.
				0.250%, 10/01/27			3,026,430
	3,500,000			Okta, Inc.µ
				0.375%, 06/15/26			3,219,580
	15,000,000			ON Semiconductor Corp.µ
				0.500%, 03/01/29			15,475,800
	2,750,000			Palo Alto Networks, Inc.µ
				0.375%, 06/01/25			8,979,630
	5,250,000			Parsons Corp.*
				2.625%, 03/01/29			6,027,315
	6,500,000			Rapid7, Inc.*^
				1.250%, 03/15/29			5,985,980
	9,750,000			Repay Holdings Corp.*
				0.000%, 02/01/26			8,897,752
	5,000,000			Seagate HDD Cayman*
				3.500%, 06/01/28			6,822,500
	12,000,000			Shift4 Payments, Inc.µ
				0.000%, 12/15/25			13,036,920
	3,600,000			SK Hynix, Inc.
				1.750%, 04/11/30			6,192,180
	11,000,000			Super Micro Computer, Inc.*µ
				0.000%, 03/01/29			10,434,050
	8,500,000			Tyler Technologies, Inc.^µ
				0.250%, 03/15/26			10,299,195
	10,500,000			Unity Software, Inc.µ
				0.000%, 11/15/26			9,141,405
	3,500,000			Vertex, Inc.*
				0.750%, 05/01/29			4,498,760
	7,000,000			Western Digital Corp.*^µ
				3.000%, 11/15/28			10,212,580
	5,500,000			Wix.com, Ltd.
				0.000%, 08/15/25			5,185,895
				Wolfspeed, Inc.
	7,750,000			1.875%, 12/01/29			3,863,530
	4,469,000			0.250%, 02/15/28			2,377,240
	3,750,000			Zscaler, Inc.
				0.125%, 07/01/25			4,778,963
							231,470,004
				Materials (1.7%)
	915,000			ATI, Inc.~
				3.500%, 06/15/25			4,005,889
	5,225,000			MP Materials Corp.*µ
				0.250%, 04/01/26			4,699,208
							8,705,097
				Other (0.0%)
	135,000			Multiplan Corp.*
				6.000%, 10/15/27			95,483
				Real Estate (0.9%)
	5,250,000			Pebblebrook Hotel Trust
				1.750%, 12/15/26			4,689,930
				Utilities (5.8%)
	3,750,000			CMS Energy Corp.
				3.375%, 05/01/28			3,827,025
	13,250,000			PPL Capital Funding, Inc.µ
				2.875%, 03/15/28			13,169,970
	11,750,000			Southern Company^µ
				3.875%, 12/15/25			12,450,652
							29,447,647
				Total Convertible Bonds (Cost $651,119,693)			649,585,997
Bank Loans (3.3%) ¡
				Airlines (0.1%)
	174,563			Air Canada‡
				7.847%, 03/21/31
				3 mo. SOFR + 2.50%			175,354
	168,750			American Airlines, Inc.‡
				10.294%, 04/20/28
				3 mo. SOFR + 4.75%			174,793
	179,550			United Airlines, Inc.‡
				8.033%, 02/22/31
				3 mo. SOFR + 2.75%			180,480
							530,627
				Communication Services (0.4%)
	15,765			Audacy Capital Corp.‡
				11.458%, 08/19/24
				1 mo. SOFR + 6.00%			15,784
	129,668			Cincinnati Bell, Inc.‡
				8.694%, 11/22/28
				1 mo. SOFR + 3.25%			129,587
	125,611			Clear Channel Outdoor Holdings, Inc.‡
				9.458%, 08/23/28
				1 mo. SOFR + 4.00%			126,239
	498,695			CSC Holdings, LLC‡
				7.943%, 04/15/27
				1 mo. LIBOR + 2.50%			426,850
	205,098			Directv Financing, LLC‡
				10.458%, 08/02/27
				1 mo. SOFR + 5.00%			206,442
	420,000			Entercom Media Corp.‡
				8.145%, 11/18/24
				3 mo. SOFR + 0.00%			198,975
	195,000			Gray Television, Inc.‡
				10.593%, 06/04/29
				1 mo. SOFR + 5.25%			189,828
	209,466			Sinclair Television Group, Inc.‡
				9.194%, 04/21/29
				1 mo. SOFR + 3.75%			149,201

See accompanying Notes to Schedule of Investments

9

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT						VALUE
	280,000			Telesat Canada‡
				8.359%, 12/07/26
				3 mo. SOFR + 2.75%		$	135,538
	260,000			TripAdvisor, Inc.‡
				8.094%, 07/08/31
				1 mo. SOFR + 2.75%			260,216
	265,000			Virgin Media Bristol, LLC!
				0.000%, 01/31/28			255,855
	134,643			Windstream Services, LLC‡
				11.694%, 09/21/27
				1 mo. SOFR + 6.25%			135,653
							2,230,168
				Consumer Discretionary (0.7%)
	134,663			Adient U.S., LLC‡
				8.094%, 01/31/31
				1 mo. SOFR + 2.75%			135,541
	206,400			American Axle & Manufacturing, Inc.‡
				8.326%, 12/12/29
				1 mo. SOFR + 3.00%			207,754
	375,507			Caesars Entertainment, Inc.‡
				8.097%, 02/06/30
				3 mo. SOFR + 2.75%			377,384
	235,963			Carnival Corp.‡
				8.094%, 10/18/28
				1 mo. SOFR + 2.75%			237,733
	202,206			Carnival Corp.‡
				8.094%, 08/08/27
				1 mo. SOFR + 2.75%			203,880
	259,348			Flutter Financing, BV‡
				7.585%, 11/29/30
				3 mo. SOFR + 2.25%			260,051
	326,360			Hanesbrands, Inc.‡
				9.094%, 03/08/30
				1 mo. SOFR + 3.75%			327,891
	203,526			Life Time Fitness, Inc.‡
				9.591%, 01/15/26
				3 mo. SOFR + 4.00%			204,798
	255,460			Light & Wonder International, Inc.‡
				7.585%, 04/14/29
				3 mo. SOFR + 2.25%			257,535
	115,000			Peloton Interactive, Inc.‡
				11.346%, 05/23/29
				3 mo. SOFR + 6.00%			115,288
	548,111			PetSmart, Inc.‡
				9.194%, 02/11/28
				1 mo. SOFR + 3.75%			544,913
	195,000			Staples, Inc.‡
				11.084%, 09/04/29
				3 mo. SOFR + 5.75%			181,789
	259,350			Station Casinos, LLC‡
				7.594%, 03/14/31
				1 mo. SOFR + 2.25%			260,080
	170,554			TKC Holdings, Inc.‡
				11.109%, 05/15/28
				3 mo. SOFR + 5.50%			170,741
	263,513			Windsor Holdings III, LLC‡
				9.345%, 08/01/30
				1 mo. SOFR + 4.00%			265,934
							3,751,312
				Consumer Staples (0.3%)
	615,317			Amneal Pharmaceuticals, LLC‡
				10.844%, 05/04/28
				1 mo. SOFR + 5.50%			621,981
	195,000			B&G Foods, Inc.!
				0.000%, 10/10/29			193,447
	270,000			Fiesta Purchaser, Inc.‡
				9.344%, 02/12/31
				1 mo. SOFR + 4.00%			272,010
	274,313			Star Parent, Inc.‡
				9.085%, 09/27/30
				3 mo. SOFR + 3.75%			275,091
	169,575			United Natural Foods, Inc.‡
				10.099%, 05/01/31
				1 mo. SOFR + 4.75%			171,060
							1,533,589
				Energy (0.2%)
	209,475			Buckeye Partners, LP‡
				7.344%, 11/22/30
				1 mo. SOFR + 2.00%			209,892
	250,519			ChampionX Corp.‡
				8.197%, 06/07/29
				1 mo. SOFR + 2.75%			251,929
	124,375			New Fortress Energy, Inc.‡
				10.252%, 10/27/28
				3 mo. SOFR + 5.00%			122,859
	385,971			Par Petroleum, LLC‡
				9.064%, 02/28/30
				3 mo. SOFR + 3.75%			388,866
							973,546
				Financials (0.5%)
	364,363			Advisor Group, Inc.‡
				9.344%, 08/17/28
				1 mo. SOFR + 4.00%			359,465
	214,978			Alliant Holdings Intermediate, LLC‡
				8.845%, 11/06/30
				1 mo. SOFR + 3.50%			216,134
	203,465			Amynta Agency Borrower, Inc.‡
				9.099%, 02/28/28
				1 mo. SOFR + 3.75%			204,156
	349,125			AssuredPartners, Inc.‡
				8.844%, 02/14/31
				1 mo. SOFR + 3.50%			350,698
	203,465			Avolon TLB Borrower 1 (US), LLC‡
				7.345%, 06/22/28
				1 mo. SOFR + 2.00%			204,360
	149,625			Broadstreet Partners, Inc.‡
				8.594%, 06/14/31
				1 mo. SOFR + 3.25%			150,075
	259,350			HUB International, Ltd.‡
				8.532%, 06/20/30
				3 mo. SOFR + 3.25%			259,966
	194,025			Iron Mountain, Inc.‡
				7.344%, 01/31/31
				1 mo. SOFR + 2.00%			193,722
	371,121			Jazz Financing Lux Sarl‡
				7.594%, 05/05/28
				1 mo. SOFR + 2.25%			372,181
	200,000			Level 3 Financing, Inc.‡
				11.910%, 04/15/29
				1 mo. SOFR + 6.56%			198,714

See accompanying Notes to Schedule of Investments

10

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL AMOUNT						VALUE
	260,000			VFH Parent, LLC‡
				8.094%, 06/21/31
				1 mo. SOFR + 2.75%		$	260,568
							2,770,039
				Health Care (0.2%)
	39,072			Icon Luxembourg Sarl‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			39,361
	282,353			Padagis, LLC‡
				10.326%, 07/06/28
				3 mo. SOFR + 4.75%			273,176
	9,735			PRA Health Sciences, Inc.‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			9,807
	672,855			Team Health Holdings, Inc.‡
				10.502%, 03/02/27
				3 mo. SOFR + 5.25%			633,325
	1,935			Team Health Holdings, Inc.‡
				10.594%, 03/02/27
				1 mo. SOFR + 5.25%			1,822
							957,491
				Industrials (0.2%)
	263,641			ACProducts, Inc.‡
				9.846%, 05/17/28
				3 mo. SOFR + 4.25%			211,079
	260,000			MI Windows & Doors, LLC‡
				8.844%, 03/28/31
				1 mo. SOFR + 3.50%			261,161
	65,000			Reynolds Group Holdings, Inc.!
				0.000%, 09/24/28			65,210
	64,838			Reynolds Group Holdings, Inc.‡
				7.849%, 09/24/28
				1 mo. SOFR + 2.50%			65,047
	269,325			TransDigm, Inc.‡
				7.846%, 02/28/31
				3 mo. SOFR + 2.50%			270,318
							872,815
				Information Technology (0.3%)
	367,711			Banff Merger Sub, Inc.‡
				9.597%, 12/29/28
				1 mo. SOFR + 4.25%			366,580
	204,475			Camelot US Acquisition, LLC‡
				8.094%, 01/31/31
				1 mo. SOFR + 2.75%			204,909
	119,513			Central Parent, Inc.‡
				8.585%, 07/06/29
				3 mo. SOFR + 3.25%			118,494
	266,163			Dun & Bradstreet Corp.‡
				8.097%, 01/18/29
				1 mo. SOFR + 2.75%			267,048
	229,937			II-VI, Inc.‡
				7.844%, 07/02/29
				1 mo. SOFR + 2.50%			230,915
	192,122			SS&C Technologies, Inc.‡
				7.344%, 05/09/31
				1 mo. SOFR + 2.00%			193,051
	130,000			UKG, Inc.‡
				8.555%, 02/10/31
				3 mo. SOFR + 3.25%			130,539
							1,511,536
				Materials (0.3%)
	198,500			Chemours Company‡
				8.844%, 08/18/28
				1 mo. SOFR + 3.50%			198,666
	272,938			Ineos US Finance LLC‡
				8.594%, 02/18/30
				1 mo. SOFR + 3.25%			272,158
	140,000			Ineos US Finance LLC!
				0.000%, 02/18/30			139,600
	331,639			LSF11 A5 Holdco, LLC‡
				8.958%, 10/15/28
				1 mo. SOFR + 3.50%			332,676
	158,885			Trinseo Materials Operating SCA‡
				8.109%, 05/03/28
				3 mo. SOFR + 2.50%			124,397
	33,937			Trinseo Materials Operating SCA‡
				8.109%, 05/03/28
				1 mo. SOFR + 2.50%			26,570
	251,473			W.R. Grace & Co.-Conn.‡
				8.594%, 09/22/28
				1 mo. SOFR + 3.25%			253,139
							1,347,206
				Special Purpose Acquisition Companies (0.1%)
	137,200			Clydesdale Acquisition Holdings, Inc.‡
				9.119%, 04/13/29
				1 mo. SOFR + 3.68%			137,480
	63,538			Fertitta Entertainment, LLC‡
				9.079%, 01/27/29
				1 mo. SOFR + 3.75%			63,766
	255,450			Patagonia Holdco, LLC‡
				11.073%, 08/01/29
				3 mo. SOFR + 5.75%			238,049
							439,295
				Total Bank Loans (Cost $17,161,714)			16,917,624

NUMBER OF SHARES						VALUE
Convertible Preferred Stocks (5.2%)
				Energy (0.0%)
	7			Gulfport Energy Corp.#
				10.000%, 09/03/24
				15.000% PIK rate			75,250
				Financials (2.7%)
	72,795			Apollo Global Management, Inc.~
				6.750%, 07/31/26			4,950,060
	7,055			Bank of America Corp.~‡‡
				7.250%, 12/31/49			8,444,905
							13,394,965
				Industrials (0.8%)
	65,985			Chart Industries, Inc.~
				6.750%, 12/15/25			4,105,587
				Utilities (1.7%)
				NextEra Energy, Inc.
	156,300			6.926%, 09/01/25^~			6,902,208

See accompanying Notes to Schedule of Investments

11

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF SHARES						VALUE
	35,740			7.299%, 06/01/27#		$	1,860,267
							8,762,475
				Total Convertible Preferred Stocks (Cost $26,655,604)			26,338,277
Common Stocks (0.1%)
				Communication Services (0.0%)
	5,620			Altice USA, Inc. - Class A			11,746
	1,888			Cumulus Media, Inc. - Class A#			3,776
							15,522
				Energy (0.1%)
	1,100			Cheniere Energy Partners, LP			57,926
	18,535			Energy Transfer, LP			301,564
	11,035			Enterprise Products Partners, LP			318,470
	1,881			EP Energy Corp.#			3,292
	8			Gulfport Energy Corp.µ#			1,178
							682,430
				Total Common Stocks (Cost $721,503)			697,952
Preferred Stocks (0.0%)
				Communication Services (0.0%)
				United States Cellular Corp.
	3,265			5.500%, 06/01/70			66,606
	3,130			5.500%, 03/01/70			63,852
							130,458
				Consumer Discretionary (0.0%)
	1,722			Guitar Center, Inc.#			64,575
				Total Preferred Stocks (Cost $299,506)			195,033
Warrants (0.0%) #
				Energy (0.0%)
	13,522			Mcdermott International, Ltd.
				06/30/27, Strike $15.98			1
	12,170			Mcdermott International, Ltd.
				06/30/27, Strike $12.33			1
				Total Warrants (Cost $5,195)			2

NUMBER OF CONTRACTS/ NOTIONAL AMOUNT						VALUE
Purchased Options (0.2%) #
				Industrials (0.0%)
	2,750			American Airlines Group, Inc.
	2,926,000			Call, 06/20/25, Strike $17.00			89,375
				Other (0.2%)
	885			Invesco QQQ Trust Series 1
	41,689,695			Put, 01/17/25, Strike $430.00			873,495
				Total Purchased Options (Cost $1,400,675)			962,870
TOTAL INVESTMENTS (151.8%) (Cost $783,428,252)							776,331,718
MANDATORY REDEEMABLE PREFERRED SHARES, AT LIQUIDATION VALUE (-18.0%)							(92,000,000	)
LIABILITIES, LESS OTHER ASSETS (-33.8%)							(172,759,728	)
NET ASSETS (100.0%)						$	511,571,990

NOTES TO SCHEDULE OF INVESTMENTS
*	Securities issued and sold pursuant to a Rule 144A transaction are exempted from the registration requirement of the Securities Act of 1933, as amended. These securities may only be sold to qualified institutional buyers (“QIBs”), such as the Fund. Any resale of these securities must generally be effected through a sale that is registered under the Act or otherwise exempted from such registration requirements.
@	In default status and considered non-income producing.
^	Security, or portion of security, is on loan.
µ	Security, or portion of security, is held in a segregated account as collateral for note payable aggregating a total value of $324,720,449.
‡	Variable rate security. The rate shown is the rate in effect at July 31, 2024.
~	Security, or portion of security, is segregated as collateral (or collateral for potential future transactions) for written options. The aggregate value of such securities is $7,676,298.
¡	Bank loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown.
!	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.
#	Non-income producing security.
‡‡	Perpetual maturity.

Note:  The date on options represents the expiration date of the option contract. The option contract may be exercised at any date on or before the date shown.

See accompanying Notes to Schedule of Investments

12

Calamos Dynamic Convertible and Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

The following table summarizes the Fund's investments and derivative financial instruments categorized in the fair value hierarchy as of July 31, 2024 (see Note 2):

		LEVEL 1				LEVEL 2				LEVEL 3				TOTAL
Assets:
Asset Backed Securities		$	—			$	202,016			$	—			$	202,016
Corporate Bonds			—				81,431,947				—				81,431,947
Convertible Bonds			—				649,585,997				—				649,585,997
Bank Loans			—				16,917,624				—				16,917,624
Convertible Preferred Stocks			26,263,027				75,250				—				26,338,277
Common Stocks			694,660				3,292				—				697,952
Preferred Stocks			130,458				64,575				—				195,033
Warrants			—				2				—				2
Purchased Options			962,870				—				—				962,870
Total		$	28,051,015			$	748,280,703			$	—			$	776,331,718

See accompanying Notes to Schedule of Investments

13

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
ASSET BACKED SECURITY (0.0%)
				Other (0.0%)
	170,000			SVC ABS, LLC Series 2023-1A, Class C*
				6.700%, 02/20/53
				(Cost $158,663)		$	159,734
CORPORATE BONDS (13.6%)
				Airlines (0.2%)
	188,667			Alaska Airlines Pass Through Trust Series 2020-1, Class A*
				4.800%, 02/15/29			185,375
	78,331			Alaska Airlines Pass Through Trust Series 2020-1, Class B*
				8.000%, 02/15/27			79,370
	210,740			American Airlines Pass Through Trust Series 2021-1, Class B
				3.950%, 01/11/32			195,090
	98,583			American Airlines, Inc. / AAdvantage Loyalty IP, Ltd.*
				5.500%, 04/20/26			97,992
	198,498			British Airways Pass Through Trust Series 2021-1, Class B*
				3.900%, 03/15/33			184,720
	156,164			JetBlue Pass Through Trust Series 2020-1, Class B
				7.750%, 05/15/30			161,248
							903,795
				Communication Services (1.2%)
	200,000			Altice France Holding, SA*
				10.500%, 05/15/27			76,028
	250,000			Altice France, SA*
				5.500%, 10/15/29			176,155
	260,000			APi Group DE, Inc.*
				4.750%, 10/15/29			247,543
	225,000			Ashtead Capital, Inc.*
				2.450%, 08/12/31			187,218
				Audacy Capital Corp.*@
	273,000			6.750%, 03/31/29			11,308
	100,000			6.500%, 05/01/27			4,443
	195,000			Cincinnati Bell Telephone Company, LLC
				6.300%, 12/01/28			183,862
				Clear Channel Outdoor Holdings, Inc.*
	105,000			7.875%, 04/01/30			106,979
	95,000			9.000%, 09/15/28^			101,055
	304,000			Consolidated Communications, Inc.*
				6.500%, 10/01/28			274,871
				CSC Holdings, LLC*
	400,000			4.625%, 12/01/30			159,880
	300,000			5.750%, 01/15/30			121,296
	200,000			4.500%, 11/15/31			137,902
	117,000			Directv Financing, LLC / Directv Financing Co-Obligor, Inc.*
				5.875%, 08/15/27			112,775
	225,000			Frontier California, Inc.
				6.750%, 05/15/27			220,106
	54,000			Frontier Communications Holdings, LLC*
				8.750%, 05/15/30			56,623
	352,000			Frontier Florida, LLC
				6.860%, 02/01/28			358,389
	330,000			Frontier North, Inc.
				6.730%, 02/15/28			328,059
				Go Daddy Operating Company, LLC / GD Finance Company, Inc.*
	195,000			3.500%, 03/01/29			177,493
	69,000			5.250%, 12/01/27			68,010
	110,000			Gray Television, Inc.*
				5.375%, 11/15/31			71,156
	52,000			Hughes Satellite Systems Corp.
				6.625%, 08/01/26			24,456
				iHeartCommunications, Inc.
	135,000			8.375%, 05/01/27			55,188
	80,000			5.250%, 08/15/27*^			52,449
	200,000			LCPR Senior Secured Financing DAC*
				6.750%, 10/15/27			186,818
	167,354			Ligado Networks, LLC*
				15.500%, 11/01/23			27,054
				Lumen Technologies, Inc.
	160,000			7.600%, 09/15/39			68,778
	100,000			4.000%, 02/15/27*			64,172
	52,000			7.650%, 03/15/42			21,585
	109,000			Match Group Holdings II, LLC*
				3.625%, 10/01/31			94,296
	205,000			Paramount Global
				4.900%, 08/15/44			149,955
	73,000			Qwest Corp.
				7.250%, 09/15/25			72,517
				Scripps Escrow II, Inc.*
	111,000			3.875%, 01/15/29			72,389
	56,000			5.375%, 01/15/31			27,275
	210,000			Scripps Escrow, Inc.*^
				5.875%, 07/15/27			146,177
				Sirius XM Radio, Inc.*
	264,000			3.875%, 09/01/31			220,688
	225,000			5.500%, 07/01/29			215,408
	110,000			3.125%, 09/01/26			104,740
	202,000			Spanish Broadcasting System, Inc.*
				9.750%, 03/01/26			121,244
	245,000			Stagwell Global, LLC*
				5.625%, 08/15/29			231,152
	114,000			Telesat Canada / Telesat, LLC*
				4.875%, 06/01/27			52,162
				Time Warner Cable, LLC
	160,000			6.550%, 05/01/37			156,605
	85,000			7.300%, 07/01/38			88,544
	190,000			United States Cellular Corp.
				6.700%, 12/15/33			203,668
	160,000			Univision Communications, Inc.*
				8.000%, 08/15/28			160,965
	105,000			Viasat, Inc.*
				5.625%, 04/15/27			98,725
							5,898,161
				Consumer Discretionary (2.9%)
	310,000			Adams Homes, Inc.*
				9.250%, 10/15/28			321,972

See accompanying Notes to Schedule of Investments

1 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	155,000			Adient Global Holdings Company*^
				8.250%, 04/15/31		$	163,111
	185,000			American Axle & Manufacturing, Inc.^
				5.000%, 10/01/29			169,617
				Ashton Woods USA, LLC / Ashton Woods Finance Company*
	190,000			4.625%, 08/01/29			175,587
	49,000			6.625%, 01/15/28			49,310
	267,000			At Home Group, Inc.*
				4.875%, 07/15/28			101,652
				Bath & Body Works, Inc.
	292,000			6.694%, 01/15/27			297,586
	165,000			6.875%, 11/01/35			167,505
				Caesars Entertainment, Inc.*
	136,000			4.625%, 10/15/29^			126,479
	112,000			8.125%, 07/01/27			114,428
				Carnival Corp.*
	108,000			7.625%, 03/01/26			109,157
	105,000			4.000%, 08/01/28			99,448
	13,000			7.000%, 08/15/29			13,581
				Carvana Company*
	46,806			14.000%, 06/01/31			54,610
	39,191			13.000%, 06/01/30			43,246
	26,366			12.000%, 12/01/28			28,508
				CCO Holdings, LLC / CCO Holdings Capital Corp.*
	460,000			4.750%, 03/01/30			411,976
	255,000			5.125%, 05/01/27			247,804
	250,000			6.375%, 09/01/29			243,530
	215,000			4.250%, 02/01/31			183,154
	125,000			5.000%, 02/01/28			119,115
	125,000			4.500%, 08/15/30			109,499
	108,000			4.750%, 02/01/32			92,636
	108,000			CDI Escrow Issuer, Inc.*
				5.750%, 04/01/30			105,932
	137,000			Cedar Fair, LP / Canada's Wonderland Company / Magnum Management Corp. / Millennium Op^
				5.250%, 07/15/29			133,528
	105,000			Churchill Downs, Inc.*
				6.750%, 05/01/31			106,622
				Dana, Inc.
	175,000			4.250%, 09/01/30			154,747
	164,000			4.500%, 02/15/32			143,528
				DISH DBS Corp.
	220,000			5.125%, 06/01/29			92,994
	170,000			5.250%, 12/01/26*			141,622
	133,000			7.375%, 07/01/28			61,728
	129,000			7.750%, 07/01/26			83,178
	100,000			5.750%, 12/01/28*			73,636
	220,000			DISH Network Corp.*
				11.750%, 11/15/27			220,312
	200,000			Empire Resorts, Inc.*
				7.750%, 11/01/26			193,238
	238,000			Everi Holdings, Inc.*
				5.000%, 07/15/29			235,851
	220,000			Ford Motor Company
				6.100%, 08/19/32			222,856
				Ford Motor Credit Company, LLC
	350,000			4.000%, 11/13/30			318,286
	300,000			5.113%, 05/03/29			293,823
	275,000			7.200%, 06/10/30			293,906
	200,000			7.350%, 11/04/27			210,754
	82,000			Gap, Inc.*
				3.875%, 10/01/31			69,054
	110,000			General Motors Company
				5.200%, 04/01/45			99,084
				goeasy, Ltd.*
	365,000			9.250%, 12/01/28			391,605
	188,000			7.625%, 07/01/29			192,730
				Goodyear Tire & Rubber Company^
	210,000			5.625%, 04/30/33			193,544
	110,000			5.250%, 07/15/31			102,987
				Group 1 Automotive, Inc.*
	125,000			6.375%, 01/15/30			126,297
	93,000			4.000%, 08/15/28			86,755
	121,000			Guitar Center, Inc.*^
				8.500%, 01/15/26			108,197
	276,925			Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.*
				11.000%, 04/15/29			264,364
	145,000			International Game Technology, PLC*
				6.250%, 01/15/27			146,408
	52,697			JetBlue Pass Through Trust Series 2019-2, Class B
				8.000%, 11/15/27			53,888
	230,000			Kohl's Corp.
				5.550%, 07/17/45			152,856
	210,000			LCM Investments Holdings II, LLC*
				8.250%, 08/01/31			220,282
	220,000			Liberty Interactive, LLC
				8.250%, 02/01/30			113,696
	204,000			Life Time, Inc.*
				8.000%, 04/15/26			207,191
	105,000			Light & Wonder International, Inc.*
				7.500%, 09/01/31			109,584
	80,000			Lindblad Expeditions Holdings, Inc.*
				9.000%, 05/15/28			83,346
	139,000			Lindblad Expeditions, LLC*
				6.750%, 02/15/27			139,131
	140,000			M/I Homes, Inc.
				3.950%, 02/15/30			127,742
				Macy's Retail Holdings, LLC
	261,000			6.700%, 07/15/34*			230,207
	160,000			4.300%, 02/15/43			115,118
	105,000			MGM Resorts International
				6.500%, 04/15/32			105,446
	287,000			Midwest Gaming Borrower, LLC / Midwest Gaming Finance Corp.*
				4.875%, 05/01/29			271,249
	125,000			Newell Brands, Inc.
				5.700%, 04/01/26			124,834
				Nordstrom, Inc.
	110,000			5.000%, 01/15/44			87,881
	105,000			6.950%, 03/15/28			107,609
	105,000			4.250%, 08/01/31			93,663
	327,000			Patrick Industries, Inc.*
				4.750%, 05/01/29			305,719
	250,000			PENN Entertainment, Inc.*^
				4.125%, 07/01/29			221,397
	105,000			Phinia, Inc.*
				6.750%, 04/15/29			107,258

See accompanying Notes to Schedule of Investments

2 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	305,000			Premier Entertainment Sub, LLC / Premier Entertainment Finance Corp.*
				5.625%, 09/01/29		$	228,421
	110,000			QVC, Inc.
				5.450%, 08/15/34			70,133
	105,000			Raising Cane's Restaurants, LLC*
				9.375%, 05/01/29			113,503
	448,000			Rite Aid Corp.*@
				8.000%, 11/15/26			198,545
				Royal Caribbean Cruises, Ltd.*
	105,000			7.250%, 01/15/30			110,160
	26,000			6.250%, 03/15/32			26,505
	320,000			Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed*
				4.625%, 03/01/29			289,610
	320,000			Six Flags Entertainment Corp.*
				7.250%, 05/15/31			329,680
	136,000			Sonic Automotive, Inc.*
				4.625%, 11/15/29			124,516
	131,000			Speedway Motorsports, LLC / Speedway Funding II, Inc.*
				4.875%, 11/01/27			126,427
	220,000			Station Casinos, LLC*
				4.500%, 02/15/28			209,262
	210,000			STL Holding Company, LLC*
				8.750%, 02/15/29			218,912
	128,000			Taylor Morrison Communities, Inc.*
				5.750%, 01/15/28			128,218
	55,000			Viking Cruises, Ltd.*
				9.125%, 07/15/31			60,028
	260,000			Vista Outdoor, Inc.*
				4.500%, 03/15/29			259,457
	210,000			ZF North America Capital, Inc.*
				7.125%, 04/14/30			218,268
							14,000,819
				Consumer Staples (0.6%)
	310,000			Arrow Bidco, LLC*
				10.750%, 06/15/25			315,217
	50,000			B&G Foods, Inc.*
				8.000%, 09/15/28			51,046
				Brink's Company*
	100,000			6.500%, 06/15/29			102,017
	53,000			6.750%, 06/15/32			54,074
	251,000			Central Garden & Pet Company*
				4.125%, 04/30/31			223,613
	245,000			Edgewell Personal Care Company*
				4.125%, 04/01/29			228,149
				Energizer Holdings, Inc.*
	307,000			4.375%, 03/31/29			283,647
	54,000			6.500%, 12/31/27^			54,360
				JBS USA LUX, SA / JBS USA Food Company / JBS USA Finance, Inc.
	210,000			5.500%, 01/15/30^			210,332
	135,000			5.125%, 02/01/28^			135,112
	59,000			5.750%, 04/01/33			59,520
	174,000			New Albertsons, LP
				7.750%, 06/15/26			178,766
	217,000			Performance Food Group, Inc.*
				4.250%, 08/01/29			201,159
	165,000			Pilgrim's Pride Corp.
				4.250%, 04/15/31			153,473
	105,000			Post Holdings, Inc.*
				6.250%, 02/15/32			106,564
	209,000			Prestige Brands, Inc.*
				3.750%, 04/01/31			184,578
	105,000			RR Donnelley & Sons Company*
				9.500%, 08/01/29			105,735
	195,000			United Natural Foods, Inc.*^
				6.750%, 10/15/28			178,530
	237,000			Vector Group, Ltd.*
				5.750%, 02/01/29			227,845
							3,053,737
				Energy (2.0%)
	223,000			Apache Corp.
				5.100%, 09/01/40			195,881
				Buckeye Partners, LP
	157,000			6.875%, 07/01/29*			159,575
	135,000			5.850%, 11/15/43			120,524
	112,000			Cheniere Energy, Inc.µ
				4.625%, 10/15/28			109,900
	167,000			Chesapeake Energy Corp.*
				6.750%, 04/15/29			169,031
	297,000			Civitas Resources, Inc.*
				8.750%, 07/01/31			319,911
				Continental Resources, Inc.
	110,000			2.875%, 04/01/32*^			91,414
	105,000			4.900%, 06/01/44			88,749
	169,000			DT Midstream, Inc.*
				4.125%, 06/15/29			158,165
				Earthstone Energy Holdings, LLC*
	207,000			8.000%, 04/15/27			213,638
	80,000			9.875%, 07/15/31			89,168
				Enbridge, Inc.‡
	100,000			7.375%, 03/15/55
				5 year CMT + 3.12%			101,428
	100,000			7.200%, 06/27/54
				5 year CMT + 2.97%			102,201
	68,000			7.375%, 01/15/83
				5 year CMT + 3.71%			68,606
	210,000			Encino Acquisition Partners Holdings, LLC*
				8.750%, 05/01/31			220,815
				Energy Transfer, LP‡
	320,000			8.527%, 11/01/66
				3 mo. SOFR + 3.28%			310,925
	162,000			6.500%, 11/15/26
				5 year CMT + 5.69%			161,253
				EnLink Midstream Partners, LP
	240,000			9.711%, 09/03/24‡
				3 mo. SOFR + 4.37%			238,315
	224,000			4.850%, 07/15/26			221,567
	132,000			Enlink Midstream, LLC*
				6.500%, 09/01/30			137,776
				EQM Midstream Partners, LP*
	355,000			7.500%, 06/01/27			365,267
	110,000			6.375%, 04/01/29			112,386
				Genesis Energy, LP / Genesis Energy Finance Corp.
	138,000			8.875%, 04/15/30			146,268
	90,000			7.875%, 05/15/32			91,943
				Gulfport Energy Corp.
	205,000			8.000%, 05/17/26*			208,022
	65,902			8.000%, 05/17/26			66,873

See accompanying Notes to Schedule of Investments

3 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	305,000			Hilcorp Energy I, LP / Hilcorp Finance Company*
				6.000%, 04/15/30		$	298,769
	105,000			Howard Midstream Energy Partners, LLC*
				7.375%, 07/15/32			108,241
	210,000			Kodiak Gas Services, LLC*
				7.250%, 02/15/29			216,359
	217,000			Magnolia Oil & Gas Operating, LLC / Magnolia Oil & Gas Finance Corp.*
				6.000%, 08/01/26			216,740
	213,000			Matador Resources Company*
				6.500%, 04/15/32			214,244
				Moss Creek Resources Holdings, Inc.*
	135,000			10.500%, 05/15/27			138,510
	90,000			7.500%, 01/15/26			90,176
				Nabors Industries, Inc.*
	160,000			7.375%, 05/15/27			163,091
	80,000			9.125%, 01/31/30			85,671
	160,000			Nabors Industries, Ltd.*^
				7.500%, 01/15/28			157,427
	144,000			New Fortress Energy, Inc.*
				6.750%, 09/15/25			141,621
	223,000			Oceaneering International, Inc.
				6.000%, 02/01/28			221,225
	230,000			Parkland Corp.*
				5.875%, 07/15/27			229,782
	112,000			Patterson-UTI Energy, Inc.
				5.150%, 11/15/29			110,939
				Permian Resources Operating, LLC*
	52,000			7.000%, 01/15/32			53,842
	52,000			6.250%, 02/01/33			52,010
	270,000			Plains All American Pipeline, LP‡
				9.694%, 09/03/24
				3 mo. SOFR + 4.37%			270,324
	305,000			Rockcliff Energy II, LLC*
				5.500%, 10/15/29			289,582
	109,000			Southwestern Energy Company
				4.750%, 02/01/32			101,972
	210,000			Summit Midstream Holdings, LLC*
				8.625%, 10/31/29			214,763
				Transocean, Inc.*
	210,000			8.250%, 05/15/29			214,572
	190,800			8.750%, 02/15/30			201,002
				Venture Global Calcasieu Pass, LLC*
	130,000			6.250%, 01/15/30			133,806
	55,000			4.125%, 08/15/31			50,070
	55,000			3.875%, 08/15/29			50,972
				Venture Global LNG, Inc.*
	265,000			8.375%, 06/01/31			278,504
	155,000			8.125%, 06/01/28			161,375
	110,000			7.000%, 01/15/30			111,313
	105,000			9.875%, 02/01/32			116,594
	105,000			9.500%, 02/01/29			116,824
				Vital Energy, Inc.
	110,000			7.875%, 04/15/32*			112,022
	100,000			7.750%, 07/31/29*			101,277
	79,000			9.750%, 10/15/30			86,533
	190,000			VOC Escrow, Ltd.*
				5.000%, 02/15/28			185,560
	262,000			Weatherford International, Ltd.*
				8.625%, 04/30/30			272,920
							9,838,233
				Financials (2.4%)
	340,000			Acrisure, LLC / Acrisure Finance, Inc.*
				8.250%, 02/01/29			346,304
	323,000			Aethon United BR, LP / Aethon United Finance Corp.*
				8.250%, 02/15/26			327,616
	370,000			Alliant Holdings Intermediate, LLC / Alliant Holdings Co-Issuer*
				6.750%, 10/15/27			367,636
				Ally Financial, Inc.
	245,000			4.700%, 05/15/26‡
				5 year CMT + 3.87%			223,937
	100,000			4.700%, 05/15/28‡
				7 year CMT + 3.48%			83,319
	90,000			8.000%, 11/01/31			101,444
	439,000			AmWINS Group, Inc.*
				4.875%, 06/30/29			414,240
	168,000			Aviation Capital Group, LLC*µ
				3.500%, 11/01/27			159,566
	210,000			Baldwin Insurance Group Holdings, LLC / Baldwin Insurance Group Holdings Finance*
				7.125%, 05/15/31			216,737
	105,000			Brandywine Operating Partnership, LP
				8.875%, 04/12/29			111,907
	329,000			BroadStreet Partners, Inc.*
				5.875%, 04/15/29			317,534
	255,000			Brookfield Property REIT, Inc. / BPR Cumulus, LLC / BPR Nimbus, LLC / GGSI Sellco, LLC*
				4.500%, 04/01/27			241,641
	200,000			Burford Capital Global Financial, LLC*
				6.875%, 04/15/30			198,096
				Credit Acceptance Corp.
	205,000			6.625%, 03/15/26			205,182
	140,000			9.250%, 12/15/28*			149,780
	210,000			Cushman & Wakefield U.S. Borrower LLC*
				8.875%, 09/01/31			226,441
	235,000			GGAM Finance, Ltd.*
				8.000%, 02/15/27			243,232
	328,000			Global Net Lease, Inc. / Global Net Lease Operating Partnership, LP*
				3.750%, 12/15/27			296,840
	225,000			GTCR W-2 Merger Sub, LLC*
				7.500%, 01/15/31			236,993
	120,000			HAT Holdings I, LLC / HAT Holdings II, LLC*
				8.000%, 06/15/27			125,632
				HUB International, Ltd.*
	324,000			5.625%, 12/01/29			311,364
	105,000			7.375%, 01/31/32			108,148
	164,000			Icahn Enterprises, LP / Icahn Enterprises Finance Corp.
				4.375%, 02/01/29			142,828
	435,000			Iron Mountain, Inc.*
				5.250%, 03/15/28			426,404

See accompanying Notes to Schedule of Investments

4 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	600,000			Jefferies Finance, LLC / JFIN Co-Issuer Corp.*
				5.000%, 08/15/28		$	558,420
				Ladder Capital Finance Holdings, LLLP / Ladder Capital Finance Corp.*
	387,000			5.250%, 10/01/25			385,475
	224,000			4.750%, 06/15/29			212,941
	131,000			7.000%, 07/15/31			134,141
	205,000			LD Holdings Group, LLC*
				6.125%, 04/01/28			163,219
				Level 3 Financing, Inc.*
	235,000			4.250%, 07/01/28			128,221
	105,000			4.625%, 09/15/27			69,350
	162,000			LPL Holdings, Inc.*µ
				4.000%, 03/15/29			152,411
	210,000			Macquarie Airfinance Holdings, Ltd.*
				8.125%, 03/30/29			222,327
	344,000			MetLife, Inc.
				6.400%, 12/15/66			351,977
	300,000			Nationstar Mortgage Holdings, Inc.*
				5.500%, 08/15/28			291,609
	150,000			Necessity Retail REIT, Inc. / American Finance Operating Partner, LP*
				4.500%, 09/30/28			136,713
	105,000			Newmark Group, Inc.
				7.500%, 01/12/29			110,324
				OneMain Finance Corp.
	150,000			3.875%, 09/15/28			137,481
	145,000			9.000%, 01/15/29			153,874
	100,000			7.500%, 05/15/31			102,897
	105,000			Park Intermediate Holdings, LLC / PK Domestic Property, LLC / PK Finance Co-Issuer*
				7.000%, 02/01/30			106,923
	341,000			PHH Mortgage Corp.*
				7.875%, 03/15/26			335,991
				RHP Hotel Properties, LP / RHP Finance Corp.*
	260,000			4.500%, 02/15/29			246,568
	215,000			6.500%, 04/01/32			217,574
				Rocket Mortgage, LLC / Rocket Mortgage Co-Issuer, Inc.*
	100,000			3.875%, 03/01/31			89,089
	100,000			3.625%, 03/01/29			91,940
	50,000			2.875%, 10/15/26			47,277
	160,000			Service Properties Trust
				8.375%, 06/15/29			159,355
	265,000			StoneX Group, Inc.*
				7.875%, 03/01/31			276,074
				United Wholesale Mortgage, LLC*
	258,000			5.500%, 04/15/29			249,246
	105,000			5.750%, 06/15/27			103,749
				Uniti Group, LP / Uniti Group Finance, Inc. / CSL Capital, LLC*
	110,000			6.500%, 02/15/29			83,581
	130,000			10.500%, 02/15/28			131,603
	105,000			VFH Parent, LLC / Valor Co-Issuer, Inc.*
				7.500%, 06/15/31			108,188
	250,000			VZ Secured Financing, BV*
				5.000%, 01/15/32			219,088
	237,000			XHR, LP*
				6.375%, 08/15/25			237,168
							11,597,615
				Health Care (0.9%)
				CHS/Community Health Systems, Inc.*
	435,000			6.125%, 04/01/30			332,588
	158,000			10.875%, 01/15/32			169,842
	127,000			6.875%, 04/15/29			104,310
	27,000			5.250%, 05/15/30			23,599
				DaVita, Inc.*
	258,000			3.750%, 02/15/31			223,503
	233,000			4.625%, 06/01/30			213,661
				Embecta Corp.*
	162,000			5.000%, 02/15/30			139,237
	52,000			6.750%, 02/15/30			46,451
				Encompass Health Corp.
	110,000			4.750%, 02/01/30			105,208
	110,000			4.500%, 02/01/28			106,423
	300,000			HCA, Inc.
				7.500%, 11/06/33			339,465
	200,000			Jazz Securities DAC*
				4.375%, 01/15/29			188,228
				Medline Borrower, LP*
	270,000			3.875%, 04/01/29			252,175
	267,000			5.250%, 10/01/29			258,280
	26,000			Medline Borrower, LP / Medline Co-Issuer, Inc.*
				6.250%, 04/01/29			26,571
	400,000			Organon & Company / Organon Foreign Debt Co-Issuer, BV*
				5.125%, 04/30/31			368,052
				Tenet Healthcare Corp.
	430,000			6.250%, 02/01/27			431,092
	295,000			6.875%, 11/15/31			315,924
				Teva Pharmaceutical Finance Netherlands III, BV
	270,000			5.125%, 05/09/29^			262,181
	200,000			4.750%, 05/09/27			193,994
	100,000			3.150%, 10/01/26			94,714
							4,195,498
				Industrials (1.9%)
	210,000			Aar Escrow Issuer, LLC*
				6.750%, 03/15/29			214,771
	260,000			ACCO Brands Corp.*
				4.250%, 03/15/29			237,762
	235,000			AerCap Holdings, NV^‡
				5.875%, 10/10/79
				5 year CMT + 4.54%			234,537
	200,000			Air Lease Corp.‡
				4.125%, 12/15/26
				5 year CMT + 3.15%			184,268
				Albertsons Companies, Inc. / Safeway, Inc. / New Albertsons, LP / Albertsons, LLC*
	365,000			4.625%, 01/15/27			356,116
	155,000			5.875%, 02/15/28			153,915
	127,000			Arcosa, Inc.*
				4.375%, 04/15/29			119,875
	475,000			ARD Finance, SA*
				6.500%, 06/30/27
				7.250% PIK rate			122,555
	178,000			Beacon Roofing Supply, Inc.*
				4.125%, 05/15/29			163,844

See accompanying Notes to Schedule of Investments

5 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
				Bombardier, Inc.*
	105,000			8.750%, 11/15/30		$	113,924
	80,000			7.000%, 06/01/32			81,856
	68,000			7.250%, 07/01/31			70,108
	60,000			7.875%, 04/15/27			60,145
	226,000			BWX Technologies, Inc.*
				4.125%, 04/15/29			213,258
	215,000			Cascades, Inc. / Cascades USA, Inc.*
				5.375%, 01/15/28			208,986
	56,000			Delta Air Lines, Inc. / SkyMiles IP, Ltd.*µ
				4.750%, 10/20/28			55,374
	282,000			Deluxe Corp.*
				8.000%, 06/01/29			267,218
	213,000			Eco Material Technologies, Inc.*
				7.875%, 01/31/27			216,900
	205,000			Emerald Debt Merger Sub, LLC*
				6.625%, 12/15/30			208,948
				EnerSys*
	140,000			4.375%, 12/15/27			134,295
	110,000			6.625%, 01/15/32			112,250
	80,000			EquipmentShare.com, Inc.*
				8.625%, 05/15/32			83,165
	135,000			Graham Packaging Company, Inc.*
				7.125%, 08/15/28			131,667
				Graphic Packaging International, LLC*
	102,000			3.500%, 03/01/29			92,820
	85,000			4.750%, 07/15/27			83,433
	236,000			Great Lakes Dredge & Dock Corp.*
				5.250%, 06/01/29			212,426
	516,000			H&E Equipment Services, Inc.*
				3.875%, 12/15/28			472,094
				Herc Holdings, Inc.*
	270,000			5.500%, 07/15/27			267,951
	105,000			6.625%, 06/15/29			107,294
				JELD-WEN, Inc.*
	154,000			4.625%, 12/15/25			151,906
	110,000			4.875%, 12/15/27			104,952
	360,000			Ken Garff Automotive, LLC*
				4.875%, 09/15/28			342,011
	210,000			Knife River Holding Company*
				7.750%, 05/01/31			221,134
	55,000			MasTec, Inc.*^
				4.500%, 08/15/28			53,222
	105,000			Masterbrand, Inc.*
				7.000%, 07/15/32			107,964
	135,000			Moog, Inc.*
				4.250%, 12/15/27			129,400
	275,000			Newfold Digital Holdings Group, Inc.*^
				6.000%, 02/15/29			189,855
	232,000			Novelis Corp.*
				4.750%, 01/30/30			218,906
	80,000			OI European Group, BV*
				4.750%, 02/15/30			73,731
	148,000			Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer, LLC*
				4.000%, 10/15/27			140,011
				Sealed Air Corp.*
	163,000			6.125%, 02/01/28			164,504
	55,000			6.500%, 07/15/32			55,730
	54,000			5.000%, 04/15/29			52,299
	50,000			Sealed Air Corp./Sealed Air Corp. U.S.*
				7.250%, 02/15/31			52,118
	210,000			Sensata Technologies, Inc.*
				3.750%, 02/15/31			185,833
	225,000			Standard Industries, Inc.*
				5.000%, 02/15/27			220,390
	176,000			Stericycle, Inc.*
				3.875%, 01/15/29			167,557
				TransDigm, Inc.*
	225,000			6.875%, 12/15/30			231,671
	155,000			6.750%, 08/15/28			158,226
	80,000			7.125%, 12/01/31			83,233
	52,000			6.625%, 03/01/32			53,244
	105,000			Tronox, Inc.*
				4.625%, 03/15/29			95,763
	75,377			United Airlines Pass Through Trust Series 2019-2, Class B
				3.500%, 11/01/29			70,629
	217,000			Vertiv Group Corp.*
				4.125%, 11/15/28			205,911
	228,000			Wabash National Corp.*
				4.500%, 10/15/28			208,440
	170,000			Waste Pro USA, Inc.*
				5.500%, 02/15/26			168,890
				Williams Scotsman, Inc.*
	128,000			4.625%, 08/15/28			121,971
	105,000			7.375%, 10/01/31			109,251
	80,000			6.625%, 06/15/29			81,525
							9,202,032
				Information Technology (0.6%)
	54,000			Booz Allen Hamilton, Inc.*µ
				4.000%, 07/01/29			51,111
	126,000			Coherent Corp.*^
				5.000%, 12/15/29			120,186
	79,000			Dell International, LLC / EMC Corp.µ
				6.020%, 06/15/26			80,322
	108,000			Dun & Bradstreet Corp.*^
				5.000%, 12/15/29			102,896
	93,000			Fair Isaac Corp.*
				4.000%, 06/15/28			87,625
	245,000			KBR, Inc.*
				4.750%, 09/30/28			233,316
				MPH Acquisition Holdings, LLC*
	245,000			5.750%, 11/01/28			146,677
	110,000			5.500%, 09/01/28			86,089
	105,000			NCL Corp., Ltd.*
				8.125%, 01/15/29			111,713
	113,000			NCR Voyix Corp.*
				5.125%, 04/15/29			108,068
	167,000			ON Semiconductor Corp.*
				3.875%, 09/01/28			156,245
				Open Text Corp.*
	139,000			3.875%, 02/15/28			129,984
	110,000			6.900%, 12/01/27			114,198
	81,000			3.875%, 12/01/29			73,600
	81,000			Open Text Holdings, Inc.*
				4.125%, 12/01/31			72,253
	193,000			Playtika Holding Corp.*
				4.250%, 03/15/29			172,092
	315,000			TTM Technologies, Inc.*
				4.000%, 03/01/29			293,378
				Twilio, Inc.
	150,000			3.625%, 03/15/29			136,279

See accompanying Notes to Schedule of Investments

6 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	57,000			3.875%, 03/15/31		$	51,206
	79,000			UKG, Inc.*
				6.875%, 02/01/31			81,211
	240,000			Viavi Solutions, Inc.*
				3.750%, 10/01/29			208,613
	105,000			Zebra Technologies Corp.*
				6.500%, 06/01/32			107,961
	260,000			ZoomInfo Technologies, LLC / ZoomInfo Finance Corp.*
				3.875%, 02/01/29			237,726
							2,962,749
				Materials (0.6%)
	130,000			ArcelorMittal, SA
				7.000%, 10/15/39			143,480
	85,000			ATI, Inc.
				5.875%, 12/01/27			84,491
	55,000			Carpenter Technology Corp.
				7.625%, 03/15/30			57,434
	220,000			Chemours Company*^
				4.625%, 11/15/29			192,916
	355,000			Clearwater Paper Corp.*
				4.750%, 08/15/28			335,912
	157,000			Cleveland-Cliffs, Inc.*
				6.750%, 04/15/30			158,452
				Commercial Metals Company
	108,000			4.125%, 01/15/30			100,129
	54,000			4.375%, 03/15/32			49,432
	250,000			Constellium, SE*
				6.375%, 08/15/32			249,927
	111,000			HB Fuller Company
				4.250%, 10/15/28			103,755
	215,000			JW Aluminum Continuous Cast Company*
				10.250%, 06/01/26			215,481
	190,000			Kaiser Aluminum Corp.*
				4.625%, 03/01/28			178,450
				Mercer International, Inc.
	229,000			5.125%, 02/01/29			194,279
	107,000			12.875%, 10/01/28*			114,811
	200,000			OCI, NV*
				6.700%, 03/16/33			199,762
	160,000			Owens-Brockway Glass Container, Inc.*
				7.250%, 05/15/31			158,453
	200,000			Silgan Holdings, Inc.
				4.125%, 02/01/28			190,952
	113,000			Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc.*
				5.125%, 04/01/29			43,853
							2,771,969
				Other (0.0%)
				Gen Digital, Inc.*
	100,000			6.750%, 09/30/27			101,782
	45,000			7.125%, 09/30/30^			46,569
							148,351
				Real Estate (0.1%)
	174,000			EPR Properties
				3.750%, 08/15/29			159,273
				Forestar Group, Inc.*
	187,000			5.000%, 03/01/28			180,702
	110,000			3.850%, 05/15/26			106,402
	248,000			MIWD Holdco II, LLC / MIWD Finance Corp.*^
				5.500%, 02/01/30			232,170
							678,547
				Special Purpose Acquisition Companies (0.1%)
	50,000			Clydesdale Acquisition Holdings, Inc.*
				6.875%, 01/15/30			49,904
				Fertitta Entertainment, LLC / Fertitta Entertainment Finance Company, Inc.*
	220,000			6.750%, 01/15/30			195,224
	107,000			4.625%, 01/15/29			100,095
							345,223
				Utilities (0.1)%
	79,000			AES Corp.‡
				7.600%, 01/15/55
				5 year CMT + 3.20%			80,270
	80,000			Entergy Corp.‡
				7.125%, 12/01/54
				5 year CMT + 2.67%			80,176
	79,000			NiSource, Inc.‡
				6.950%, 11/30/54
				5 year CMT + 2.45%			80,025
	79,000			PPL Capital Funding, Inc.‡
				8.261%, 03/30/67
				3 mo. SOFR + 2.93%			78,746
				Vistra Corp.*‡
	105,000			7.000%, 12/15/26
				5 year CMT + 5.74%			105,636
	50,000			8.000%, 10/15/26
				5 year CMT + 6.93%			51,160
							476,013
				Total Corporate Bonds
				(Cost $69,686,704)			66,072,742
CONVERTIBLE BONDS (36.5%)
				Communication Services (1.6%)
	209,000			Cable One, Inc.µ
				0.000%, 03/15/26			187,093
	20,000,000	JPY		CyberAgent, Inc.µ
				0.000%, 02/19/25			132,456
	2,185,000			Liberty Media Corp.-Liberty Formula One
				2.250%, 08/15/27			2,461,184
	4,479,000			Sea, Ltd.
				2.375%, 12/01/25			4,657,846
	321,000			Snap, Inc.*
				0.500%, 05/01/30			299,878
	157,000			Zillow Group, Inc.
				1.375%, 09/01/26			194,905
							7,933,362
				Consumer Discretionary (10.3%)
	10,955,800	EUR		Accor, SA
				0.700%, 12/07/27			5,830,756
	4,563,000			Alibaba Group Holding, Ltd.*
				0.500%, 06/01/31			4,588,097
	608,000			DISH Network Corp.
				0.000%, 12/15/25			446,643

See accompanying Notes to Schedule of Investments

7 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	197,000			DraftKings Holdings, Inc.µ
				0.000%, 03/15/28		$	166,932
				Etsy, Inc.µ
	229,000			0.125%, 10/01/26			237,084
	161,000			0.125%, 09/01/27			137,566
	251,000			Farfetch, Ltd.
				3.750%, 05/01/27			4,413
	200,000	AUD		Flight Centre Travel Group, Ltd.
				1.625%, 11/01/28			130,273
	11,210,000			Ford Motor Companyµ
				0.000%, 03/15/26			10,896,008
	2,740,000			IMAX Corp.
				0.500%, 04/01/26			2,733,616
	973,000			JD.com, Inc.*
				0.250%, 06/01/29			912,742
	214,000			Lucid Group, Inc.*
				1.250%, 12/15/26			134,689
	272,000			MakeMyTrip, Ltd.
				0.000%, 02/15/28			666,498
	725,000			Marriott Vacations Worldwide Corp.µ
				0.000%, 01/15/26			666,928
	40,000,000	JPY		Mercari, Inc.µ
				0.000%, 07/14/28			222,447
	3,511,000			Meritage Homes Corp.*
				1.750%, 05/15/28			3,887,379
	160,000			NIO, Inc.*
				4.625%, 10/15/30			100,669
				Ocado Group, PLCµ
	100,000	GBP		0.875%, 12/09/25			119,515
	100,000	GBP		0.750%, 01/18/27			104,160
				Rivian Automotive, Inc.µ
	2,453,000			4.625%, 03/15/29			2,705,217
	1,940,000			3.625%, 10/15/30*			1,874,292
	194,000			Royal Caribbean Cruises, Ltd.
				6.000%, 08/15/25			615,715
	40,000,000	JPY		Sanrio Company, Ltd.
				0.000%, 12/14/28			369,627
	100,000	EUR		Shop Apotheke Europe, NVµ
				0.000%, 01/21/28			104,348
	162,000			Stride, Inc.
				1.125%, 09/01/27			246,548
	8,798,000			Trip.com Group, Ltd.*
				0.750%, 06/15/29			8,227,978
				Wayfair, Inc.
	318,000			0.625%, 10/01/25^			298,058
	302,000			3.500%, 11/15/28			428,762
	1,900,000	GBP		WH Smith, PLC
				1.625%, 05/07/26			2,287,932
	316,000			Wynn Macau, Ltd.*
				4.500%, 03/07/29			313,801
	5,000,000	HKD		Zhongsheng Group Holdings, Ltd.
				0.000%, 05/21/25			717,126
							50,175,819
				Consumer Staples (2.5%)
	100,000	EUR		Davide Campari-Milano, NVµ
				2.375%, 01/17/29			108,028
	2,500,000	EUR		Fomento Economico Mexicano SAB de CV
				2.625%, 02/24/26			2,673,752
	20,000,000	JPY		Nippn Corp.
				0.000%, 06/20/25			148,281
	3,715,000			Post Holdings, Inc.µ
				2.500%, 08/15/27			4,230,568
	4,975,000	CAD		Premium Brands Holdings Corp.µ
				4.200%, 09/30/27			3,414,558
	1,630,000			Spectrum Brands, Inc.*µ
				3.375%, 06/01/29			1,582,225
							12,157,412
				Energy (1.4%)
	4,500,000	EUR		Eni S.p.A
				2.950%, 09/14/30			5,057,430
	1,650,000			Nabors Industries, Inc.
				1.750%, 06/15/29			1,384,053
	306,000			Northern Oil & Gas, Inc.
				3.625%, 04/15/29			389,847
	100,000	EUR		Saipem S.p.A
				2.875%, 09/11/29			144,217
				SunEdison, Inc.@
	2,261,000			0.000%, 01/15/49*			22,610
	275,000			0.000%, 10/01/49			2,750
							7,000,907
				Financials (1.0%)
	223,000			Affirm Holdings, Inc.µ
				0.000%, 11/15/26			188,814
	323,000			Coinbase Global, Inc.*µ
				0.250%, 04/01/30			319,734
	70,268	EUR		Corestate Capital Holding, SA
				8.000%, 12/31/26
				9.000% PIK rate			28,385
	100,000	GBP		Cornwall Jersey, Ltd.
				0.750%, 04/16/26			92,689
	3,316,000			Global Payments, Inc.*^µ
				1.500%, 03/01/31			3,125,761
	200,000	EUR		JPMorgan Chase Financial Company, LLC§
				0.000%, 01/14/25			223,011
	200,000	EUR		LEG Immobilien, SEµ
				0.875%, 09/01/25			211,413
	314,000			Morgan Stanley Finance, LLC
				1.000%, 11/23/27			431,750
							4,621,557
				Health Care (1.1%)
	1,774,000			Alnylam Pharmaceuticals, Inc.µ
				1.000%, 09/15/27			1,919,876
	160,000			BioMarin Pharmaceutical, Inc.
				0.599%, 08/01/24			159,880
	135,000			Coherus Biosciences, Inc.
				1.500%, 04/15/26			101,470
	172,000			CONMED Corp.µ
				2.250%, 06/15/27			154,915
				Dexcom, Inc.µ
	156,000			0.375%, 05/15/28			136,594
	142,000			0.250%, 11/15/25			133,578
	154,000			Enovis Corp.*
				3.875%, 10/15/28			167,081
	205,000			Haemonetics Corp.µ
				0.000%, 03/01/26			187,110
				Halozyme Therapeutics, Inc.
	206,000			0.250%, 03/01/27µ			202,500
	170,000			1.000%, 08/15/28			195,235
	81,000			Immunocore Holdings, PLC*
				2.500%, 02/01/30			71,001
	73,000			Innoviva, Inc.
				2.500%, 08/15/25			87,125

See accompanying Notes to Schedule of Investments

8 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	167,000			Integra LifeSciences Holdings Corp.µ
				0.500%, 08/15/25		$	157,474
	163,000			Ionis Pharmaceuticals, Inc.
				0.000%, 04/01/26			172,056
	162,000			iRhythm Technologies, Inc.*
				1.500%, 09/01/29			148,283
	156,000			Jazz Investments I, Ltd.µ
				2.000%, 06/15/26			152,897
	101,000			Lantheus Holdings, Inc.
				2.625%, 12/15/27			151,379
	30,000,000	JPY		Menicon Company, Ltd.
				0.000%, 01/29/25			199,087
	181,000			NeoGenomics, Inc.
				0.250%, 01/15/28			147,510
	165,000			NuVasive, Inc.µ
				0.375%, 03/15/25			159,340
	145,000			Omnicell, Inc.µ
				0.250%, 09/15/25			136,983
	56,000			Pacira BioSciences, Inc.
				0.750%, 08/01/25			52,492
	163,000			Sarepta Therapeutics, Inc.
				1.250%, 09/15/27			197,758
	156,000			TransMedics Group, Inc.
				1.500%, 06/01/28			263,855
							5,455,479
				Industrials (4.1%)
	40,000,000	JPY		Daifuku Company Ltd.
				0.000%, 09/13/30			287,593
	100,000	EUR		Duerr, AG
				0.750%, 01/15/26			102,876
	1,868,000			Granite Construction, Inc.*
				3.250%, 06/15/30			2,057,957
	196,000			John Bean Technologies Corp.
				0.250%, 05/15/26			181,061
	200,000			L&F Company Ltd.
				2.500%, 04/26/30			127,408
	161,000			Middleby Corp.
				1.000%, 09/01/25			182,952
				Rheinmetall, AG
	400,000	EUR		1.875%, 02/07/28			724,848
	100,000	EUR		2.250%, 02/07/30			185,411
	4,100,000	EUR		SPIE, SA
				2.000%, 01/17/28			5,284,735
	3,925,000			Tetra Tech, Inc.*µ
				2.250%, 08/15/28			4,757,453
	5,471,000			Uber Technologies, Inc.*µ~
				0.875%, 12/01/28			6,115,921
							20,008,215
				Information Technology (10.5%)
				Akamai Technologies, Inc.
	240,000			1.125%, 02/15/29*			239,244
	190,000			0.125%, 05/01/25			210,165
	1,660,000			Alarm.com Holdings, Inc.*
				2.250%, 06/01/29			1,722,316
	208,000			BILL Holdings, Inc.µ
				0.000%, 04/01/27			179,408
	2,945,000			Block, Inc.µ
				0.125%, 03/01/25			2,850,466
	210,000			Cloudflare, Inc.µ
				0.000%, 08/15/26			192,488
	162,000			CyberArk Software, Ltd.
				0.000%, 11/15/24			264,329
	146,000			Datadog, Inc.
				0.125%, 06/15/25			193,977
	447,000			DigitalOcean Holdings, Inc.µ
				0.000%, 12/01/26			380,509
	207,000			Dropbox, Inc.µ
				0.000%, 03/01/28			194,065
	411,000			Fastly, Inc.
				0.000%, 03/15/26			373,332
				Five9, Inc.µ
	357,000			0.500%, 06/01/25			341,313
	161,000			1.000%, 03/15/29*			145,454
	100,000	EUR		GlobalWafers GmbH
				1.500%, 01/23/29			105,001
	6,600,000			Hon Hai Precision Industry Company, Ltd.
				0.000%, 08/05/26			7,752,030
	1,730,000			Itron, Inc.*
				1.375%, 07/15/30			1,761,797
	17,000,000	HKD		Kingsoft Corp, Ltd.
				0.625%, 04/29/25			2,218,528
	175,000			LivePerson, Inc.
				0.000%, 12/15/26			85,414
	451,000			Microchip Technology, Inc.
				0.125%, 11/15/24			470,037
	363,000			MicroStrategy, Inc.*µ
				0.875%, 03/15/31			349,917
	1,761,000			MKS Instruments, Inc.*
				1.250%, 06/01/30			1,858,348
				NCL Corp., Ltd.
	1,440,000			5.375%, 08/01/25			1,702,800
	447,000			1.125%, 02/15/27µ			418,070
	200,000	EUR		Nexi S.p.Aµ
				1.750%, 04/24/27			200,716
	162,000			Nice, Ltd.
				0.000%, 09/15/25			153,615
	413,000			Okta, Inc.µ
				0.125%, 09/01/25			390,537
				ON Semiconductor Corp.
	319,000			0.500%, 03/01/29µ			329,119
	202,000			0.000%, 05/01/27			313,779
	3,711,000			OSI Systems, Inc.*
				2.250%, 08/01/29			3,712,039
	4,701,000			Parsons Corp.*µ
				2.625%, 03/01/29			5,397,030
	173,000			Pegasystems, Inc.µ
				0.750%, 03/01/25			167,820
	296,000			Repay Holdings Corp.*
				0.000%, 02/01/26			270,127
	320,000			RingCentral, Inc.µ
				0.000%, 03/15/26			291,565
	360,000,000	JPY		Rohm Company, Ltd.µ
				0.000%, 12/05/24			2,396,972
	320,000			Seagate HDD Cayman*
				3.500%, 06/01/28			436,640
	139,000			Shift4 Payments, Inc.^
				0.000%, 12/15/25			151,011
	200,000			SK Hynix, Inc.
				1.750%, 04/11/30			344,010
	148,300	EUR		SOITECµ
				0.000%, 10/01/25			274,756
	4,470,000			Spotify USA, Inc.µ
				0.000%, 03/15/26			4,355,479
	2,946,000			Super Micro Computer, Inc.*µ
				0.000%, 03/01/29			2,794,428
	200,000			Tyler Technologies, Inc.^
				0.250%, 03/15/26			242,334

See accompanying Notes to Schedule of Investments

9 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	318,000			Wix.com, Ltd.
				0.000%, 08/15/25		$	299,839
				Workiva, Inc.
	240,000			1.250%, 08/15/28*			216,041
	34,000			1.125%, 08/15/26			38,252
	4,074,000			Xero Investments, Ltd.
				1.625%, 06/12/31			4,274,522
	145,000			Zscaler, Inc.
				0.125%, 07/01/25			184,787
							51,244,426
				Materials (2.4%)
	214,000			Amyris, Inc.
				0.000%, 11/15/26			5,883
	1,254,000			Fortuna Mining Corp.*µ
				3.750%, 06/30/29			1,298,316
	3,600,000			Glencore Funding, LLC
				0.000%, 03/27/25			3,704,760
	300,000			Gold Pole Capital Company, Ltd.
				1.000%, 06/25/29			302,598
	2,700,000			LG Chem, Ltd.
				1.250%, 07/18/28			2,579,661
	1,976,000			Lithium Americas Corp.
				1.750%, 01/15/27			1,498,757
	20,000,000	JPY		Nippon Steel Corp.
				0.000%, 10/05/26			177,854
	400,000	EUR		POSCO Holdings, Inc.
				0.000%, 09/01/26			432,177
	240,000,000	JPY		Resonac Holdings Corp.
				0.000%, 12/29/28			1,720,300
							11,720,306
				Other (0.0%)
	110,000			Multiplan Corp.*
				6.000%, 10/15/27
				7.000% PIK rate			77,801
				Real Estate (0.7%)
	2,700,000	EUR		ANLLIAN Capital, Ltd.
				0.000%, 02/05/25			2,861,558
	330,000			Redfin Corp.
				0.000%, 10/15/25			301,551
							3,163,109
				Utilities (0.9%)
	318,000			American Water Capital Corp.
				3.625%, 06/15/26			320,713
	156,000			CMS Energy Corp.
				3.375%, 05/01/28			159,204
	320,000			PPL Capital Funding, Inc.
				2.875%, 03/15/28			318,067
				Southern Company
	3,255,000			4.500%, 06/15/27*µ			3,410,817
	160,000			3.875%, 12/15/25			169,541
							4,378,342
				Total Convertible Bonds
				(Cost $181,039,096)			177,936,735
BANK LOANS (12.0%) ¡
				Airlines (0.6%)
	1,391,513			Air Canada‡
				7.847%, 03/21/31
				3 mo. SOFR + 2.50%			1,397,823
	142,500			American Airlines, Inc.‡
				10.294%, 04/20/28
				3 mo. SOFR + 4.75%			147,603
	1,399,625			United Airlines, Inc.‡
				8.033%, 02/22/31
				3 mo. SOFR + 2.75%			1,406,875
							2,952,301
				Communication Services (1.9%)
	1,250,000			APi Group DE, Inc.‡
				7.347%, 01/03/29
				1 mo. SOFR + 2.00%			1,255,019
	12,011			Audacy Capital Corp.‡
				11.458%, 08/19/24
				1 mo. SOFR + 6.00%			12,026
	1,250,000			Charter Communications Operating, LLC‡
				7.082%, 02/01/27
				3 mo. SOFR + 1.75%			1,250,094
	99,744			Cincinnati Bell, Inc.‡
				8.694%, 11/22/28
				1 mo. SOFR + 3.25%			99,682
	108,011			Clear Channel Outdoor Holdings, Inc.‡
				9.458%, 08/23/28
				1 mo. SOFR + 4.00%			108,551
	398,956			CSC Holdings, LLC‡
				7.943%, 04/15/27
				1 mo. LIBOR + 2.50%			341,480
	161,783			Directv Financing, LLC‡
				10.458%, 08/02/27
				1 mo. SOFR + 5.00%			162,843
	320,000			Entercom Media Corp.‡
				8.145%, 11/18/24
				3 mo. SOFR + 0.00%			151,600
	1,250,000			Go Daddy Operating Company, LLC!
				0.000%, 11/09/29			1,254,137
	1,040,630			Go Daddy Operating Company, LLC‡
				7.344%, 11/09/29
				1 mo. SOFR + 2.00%			1,044,074
	155,000			Gray Television, Inc.‡
				10.593%, 06/04/29
				1 mo. SOFR + 5.25%			150,889
	1,250,000			Nexstar Broadcasting, Inc.‡!
				0.000%, 09/18/26			1,255,744
	1,250,000			SBA Senior Finance II, LLC!
				0.000%, 01/25/31			1,253,388
	174,555			Sinclair Television Group, Inc.‡
				9.194%, 04/21/29
				1 mo. SOFR + 3.75%			124,334
	220,000			Telesat Canada‡
				8.359%, 12/07/26
				3 mo. SOFR + 2.75%			106,494
	210,000			TripAdvisor, Inc.‡
				8.094%, 07/08/31
				1 mo. SOFR + 2.75%			210,174
	215,000			Virgin Media Bristol, LLC!
				0.000%, 01/31/28			207,580
	109,709			Windstream Services, LLC‡
				11.694%, 09/21/27
				1 mo. SOFR + 6.25%			110,532
							9,098,641

See accompanying Notes to Schedule of Investments

10 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
				Consumer Discretionary (2.9%)
	1,250,000			1011778 B.C. Unlimited Liability Company!
				0.000%, 09/20/30		$	1,246,437
	1,250,000			Adient U.S., LLC!
				0.000%, 01/31/31			1,258,156
	119,700			Adient U.S., LLC‡
				8.094%, 01/31/31
				1 mo. SOFR + 2.75%			120,481
	153,600			American Axle & Manufacturing, Inc.‡
				8.326%, 12/12/29
				1 mo. SOFR + 3.00%			154,608
	1,250,000			Aramark Services, Inc.!
				0.000%, 06/22/30			1,254,844
	299,467			Caesars Entertainment, Inc.‡
				8.097%, 02/06/30
				3 mo. SOFR + 2.75%			300,965
	181,807			Carnival Corp.‡
				8.094%, 10/18/28
				1 mo. SOFR + 2.75%			183,172
	164,054			Carnival Corp.‡
				8.094%, 08/08/27
				1 mo. SOFR + 2.75%			165,412
	1,453,224			Flutter Financing, BV‡
				7.585%, 11/29/30
				3 mo. SOFR + 2.25%			1,457,162
	262,098			Hanesbrands, Inc.‡
				9.094%, 03/08/30
				1 mo. SOFR + 3.75%			263,327
	1,246,875			Installed Building Products, Inc.‡
				7.344%, 03/28/31
				1 mo. SOFR + 2.00%			1,256,426
	164,430			Life Time Fitness, Inc.‡
				9.591%, 01/15/26
				3 mo. SOFR + 4.00%			165,458
	196,508			Light & Wonder International, Inc.‡
				7.585%, 04/14/29
				3 mo. SOFR + 2.25%			198,104
	90,000			Peloton Interactive, Inc.‡
				11.346%, 05/23/29
				3 mo. SOFR + 6.00%			90,225
	1,250,000			PENN Entertainment, Inc.!
				0.000%, 05/03/29			1,256,419
	1,237,374			PENN Entertainment, Inc.‡
				8.194%, 05/03/29
				1 mo. SOFR + 2.75%			1,243,728
	378,166			PetSmart, Inc.‡
				9.194%, 02/11/28
				1 mo. SOFR + 3.75%			375,960
	1,250,000			Six Flags Entertainment Corp.!
				0.000%, 05/01/31			1,254,687
	157,500			Staples, Inc.‡
				11.084%, 09/04/29
				3 mo. SOFR + 5.75%			146,829
	1,456,350			Station Casinos, LLC‡
				7.594%, 03/14/31
				1 mo. SOFR + 2.25%			1,460,450
	137,357			TKC Holdings, Inc.‡
				11.109%, 05/15/28
				3 mo. SOFR + 5.50%			137,508
	223,738			Windsor Holdings III, LLC‡
				9.345%, 08/01/30
				1 mo. SOFR + 4.00%			225,793
							14,216,151
				Consumer Staples (0.5%)
	492,521			Amneal Pharmaceuticals, LLC‡
				10.844%, 05/04/28
				1 mo. SOFR + 5.50%			497,855
	155,000			B&G Foods, Inc.!
				0.000%, 10/10/29			153,765
	215,000			Fiesta Purchaser, Inc.‡
				9.344%, 02/12/31
				1 mo. SOFR + 4.00%			216,601
	1,243,952			Organon & Company‡
				7.835%, 05/19/31
				1 mo. SOFR + 2.50%			1,250,949
	214,463			Star Parent, Inc.‡
				9.085%, 09/27/30
				3 mo. SOFR + 3.75%			215,071
	144,638			United Natural Foods, Inc.‡
				10.099%, 05/01/31
				1 mo. SOFR + 4.75%			145,904
							2,480,145
				Energy (0.1%)
	159,600			Buckeye Partners, LP‡
				7.344%, 11/22/30
				1 mo. SOFR + 2.00%			159,918
	99,500			New Fortress Energy, Inc.‡
				10.252%, 10/27/28
				3 mo. SOFR + 5.00%			98,288
	306,897			Par Petroleum, LLC‡
				9.064%, 02/28/30
				3 mo. SOFR + 3.75%			309,198
							567,404
				Financials (1.2)%
	284,513			Advisor Group, Inc.‡
				9.344%, 08/17/28
				1 mo. SOFR + 4.00%			280,689
	170,360			Alliant Holdings Intermediate, LLC‡
				8.845%, 11/06/30
				1 mo. SOFR + 3.50%			171,276
	163,765			Amynta Agency Borrower, Inc.‡
				9.099%, 02/28/28
				1 mo. SOFR + 3.75%			164,320
	269,325			AssuredPartners, Inc.‡
				8.844%, 02/14/31
				1 mo. SOFR + 3.50%			270,538
	1,250,000			Avolon TLB Borrower 1 (US), LLC!
				0.000%, 06/22/28			1,255,500
	163,765			Avolon TLB Borrower 1 (US), LLC‡
				7.345%, 06/22/28
				1 mo. SOFR + 2.00%			164,485
	99,750			Broadstreet Partners, Inc.‡
				8.594%, 06/14/31
				1 mo. SOFR + 3.25%			100,050
	209,475			HUB International, Ltd.‡
				8.532%, 06/20/30
				3 mo. SOFR + 3.25%			209,972
	1,250,000			Iron Mountain, Inc.!
				0.000%, 01/31/31			1,248,050

See accompanying Notes to Schedule of Investments

11 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	159,200			Iron Mountain, Inc.‡
				7.344%, 01/31/31
				1 mo. SOFR + 2.00%		$	158,952
	1,250,000			Jazz Financing Lux Sarl!
				0.000%, 05/05/28			1,253,569
	261,968			Jazz Financing Lux Sarl‡
				7.594%, 05/05/28
				1 mo. SOFR + 2.25%			262,716
	165,000			Level 3 Financing, Inc.‡
				11.910%, 04/15/29
				1 mo. SOFR + 6.56%			163,939
	210,000			VFH Parent, LLC‡
				8.094%, 06/21/31
				1 mo. SOFR + 2.75%			210,459
							5,914,515
				Health Care (1.6%)
	873,765			Avantor Funding, Inc.‡
				7.444%, 11/08/27
				1 mo. SOFR + 2.00%			880,497
	1,250,000			DaVita, Inc.!
				0.000%, 05/09/31			1,250,144
	1,250,000			Elanco Animal Health, Inc.‡!
				0.000%, 08/01/27			1,250,025
	710,955			Icon Luxembourg Sarl‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			716,205
	389,280			IQVIA, Inc.!
				0.000%, 01/02/31			391,682
	1,250,000			Medline Borrower, LP!
				0.000%, 10/23/28			1,255,313
	235,294			Padagis, LLC‡
				10.326%, 07/06/28
				3 mo. SOFR + 4.75%			227,647
	1,240,530			Perrigo Investments, LLC‡
				7.694%, 04/20/29
				1 mo. SOFR + 2.25%			1,245,182
	177,135			PRA Health Sciences, Inc.‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			178,443
	626,998			Team Health Holdings, Inc.‡
				10.502%, 03/02/27
				3 mo. SOFR + 5.25%			590,162
	1,803			Team Health Holdings, Inc.‡
				10.594%, 03/02/27
				1 mo. SOFR + 5.25%			1,697
							7,986,997
				Industrials (1.5%)
	210,664			ACProducts, Inc.‡
				9.846%, 05/17/28
				3 mo. SOFR + 4.25%			168,664
	1,237,404			Beacon Roofing Supply, Inc.‡
				7.344%, 05/19/28
				1 mo. SOFR + 2.00%			1,244,068
	201,415			ChampionX Corp.‡
				8.197%, 06/07/29
				1 mo. SOFR + 2.75%			202,548
	1,250,000			Emrld Borrower, LP!
				0.000%, 05/31/30			1,252,037
	1,237,404			JELD-WEN, Inc.‡
				7.458%, 07/28/28
				1 mo. SOFR + 2.00%			1,242,663
	210,000			MI Windows & Doors, LLC‡
				8.844%, 03/28/31
				1 mo. SOFR + 3.50%			210,938
	54,863			Reynolds Group Holdings, Inc.‡
				7.849%, 09/24/28
				1 mo. SOFR + 2.50%			55,040
	50,000			Reynolds Group Holdings, Inc.!
				0.000%, 09/24/28			50,162
	1,250,000			TransDigm, Inc.‡!
				0.000%, 08/24/28			1,254,825
	209,475			TransDigm, Inc.‡
				7.846%, 02/28/31
				3 mo. SOFR + 2.50%			210,248
	1,250,000			Uber Technologies, Inc.!
				0.000%, 03/03/30			1,258,006
							7,149,199
				Information Technology (1.1%)
	290,843			Banff Merger Sub, Inc.‡
				9.597%, 12/29/28
				1 mo. SOFR + 4.25%			289,949
	161,489			Camelot US Acquisition, LLC‡
				8.094%, 01/31/31
				1 mo. SOFR + 2.75%			161,832
	99,625			Central Parent, Inc.‡
				8.585%, 07/06/29
				3 mo. SOFR + 3.25%			98,776
	201,837			Dun & Bradstreet Corp.‡
				8.097%, 01/18/29
				1 mo. SOFR + 2.75%			202,508
	183,099			II-VI, Inc.‡
				7.844%, 07/02/29
				1 mo. SOFR + 2.50%			183,877
	1,250,000			Open Text Corp.!
				0.000%, 01/31/30			1,258,075
	778,378			Open Text Corp.‡
				7.594%, 01/31/30
				1 mo. SOFR + 2.25%			783,406
	1,250,000			SS&C Technologies, Inc.!
				0.000%, 05/09/31			1,256,044
	149,428			SS&C Technologies, Inc.‡
				7.344%, 05/09/31
				1 mo. SOFR + 2.00%			150,151
	792,000			TTM Technologies, Inc.‡
				8.093%, 05/30/30
				1 mo. SOFR + 2.75%			793,980
	110,000			UKG, Inc.‡
				8.555%, 02/10/31
				3 mo. SOFR + 3.25%			110,456
							5,289,054
				Materials (0.5%)
	1,250,000			Axalta Coating Systems U.S. Holdings, Inc.‡!
				0.000%, 12/20/29			1,256,250
	158,800			Chemours Company‡
				8.844%, 08/18/28
				1 mo. SOFR + 3.50%			158,933
	213,388			Ineos US Finance LLC‡
				8.594%, 02/18/30
				1 mo. SOFR + 3.25%			212,778
	120,000			Ineos US Finance LLC!
				0.000%, 02/18/30			119,657
	262,342			LSF11 A5 Holdco, LLC‡
				8.958%, 10/15/28
				1 mo. SOFR + 3.50%			263,161
	130,350			Trinseo Materials Operating SCA‡
				8.109%, 05/03/28
				3 mo. SOFR + 2.50%			102,056

See accompanying Notes to Schedule of Investments

12 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT					VALUE
	27,842		Trinseo Materials Operating SCA‡
			8.109%, 05/03/28
			1 mo. SOFR + 2.50%		$	21,798
	202,156		W.R. Grace & Co.-Conn.‡
			8.594%, 09/22/28
			1 mo. SOFR + 3.25%			203,495
						2,338,128
			Special Purpose Acquisition Companies (0.1%)
	107,800		Clydesdale Acquisition Holdings, Inc.‡
			9.119%, 04/13/29
			1 mo. SOFR + 3.68%			108,020
	53,763		Fertitta Entertainment, LLC‡
			9.079%, 01/27/29
			1 mo. SOFR + 3.75%			53,956
	196,500		Patagonia Holdco, LLC‡
			11.073%, 08/01/29
			3 mo. SOFR + 5.75%			183,114
						345,090
			Total Bank Loans
			(Cost $58,491,120)			58,337,625
U.S. GOVERNMENT AND AGENCY SECURITIES (0.2%)
			Other (0.2)%
			U.S. Treasury Note
	914,000		1.750%, 03/15/25^			896,345
	265,000		4.375%, 10/31/24			264,389
			TOTAL U.S. GOVERNMENT AND AGENCY SECURITIES
			(Cost $1,159,956)			1,160,734
NUMBER OF
SHARES					VALUE
Convertible Preferred Stocks (1.7%)
			Energy (0.0%)
	5		Gulfport Energy Corp.#
			10.000%, 09/03/24
			15.000% PIK rate			53,750
			Financials (1.4%)
	97,640		Apollo Global Management, Inc.
			6.750%, 07/31/26			6,639,520
			Utilities (0.3%)
	35,211		NextEra Energy, Inc.^~
			6.926%, 09/01/25			1,554,918
			Total Convertible Preferred Stocks
			(Cost $7,535,776)			8,248,188
Common Stocks (75.1%)
			Communication Services (5.6%)
	40,650		Alphabet, Inc. - Class Aµ			6,973,101
	4,575		Altice USA, Inc. - Class A			9,562
	4,050		Baidu, Inc. (ADR)µ#			358,709
	300	EUR	CTS Eventim, AG & Company KGaAµ			26,425
	1,735		Cumulus Media, Inc. - Class A#			3,470
	1		Frontier Communications Parent, Inc.^#			29
	3,960	SEK	Hemnet Group, AB			146,723
	4,600		Meta Platforms, Inc. - Class Aµ			2,184,218
	4,250		Netflix, Inc.µ#			2,670,488
	96,000	EUR	Orange, SAµ			1,065,337
	525	EUR	Scout24, SE*µ			41,505
	12,990		Spotify Technology, SAµ#			4,467,781
	29,100	HKD	Tencent Holdings, Ltd.~			1,342,862
	89,070		Tencent Holdings, Ltd. (ADR)^~			4,101,673
	48,875	GBP	Trustpilot Group, PLC*~#			131,003
	1,176,545	GBP	Vodafone Group, PLCµ			1,100,951
	26,395		Walt Disney Companyµ~			2,472,948
						27,096,785
			Consumer Discretionary (10.2%)
	265,400		ADT, Inc.µ			2,064,812
	124,700	HKD	Alibaba Group Holding, Ltd.~			1,227,076
	8,175		Alibaba Group Holding, Ltd. (ADR)			644,599
	49,250		Amazon.com, Inc.µ#			9,208,765
	19,440	INR	Amber Enterprises India, Ltd.#			1,007,240
	315,000	SAR	Americana Restaurants International, PLC			260,268
	51,097		Aptiv, PLCµ#			3,545,621
	3,900	BRL	Arezzo Industria e Comercio, SA			33,545
	12,500	CNY	BYD Company, Ltd. - Class A			427,366
	20,700	CNY	China Tourism Group Duty Free Corp., Ltd. - Class A			196,685
	50,950		Chipotle Mexican Grill, Inc.µ#			2,767,604
	58,750		Coupang, Inc.µ#			1,219,063
	418,700	PHP	DigiPlus Interactive Corp.			120,929
	9,773	INR	Dixon Technologies India, Ltd.			1,416,729
	3,050	KRW	Hotel Shilla Company, Ltd.			111,328
	112,532	INR	Indian Hotels Company, Ltd.			864,840
	161,219	HKD	JD.com, Inc. - Class A~			2,125,769
	173,000	HKD	Jiumaojiu International Holdings, Ltd.*~			64,191
	27,005		Jumia Technologies, AG (ADR)#			326,220
	337,035	INR	Kalyan Jewellers India, Ltd.			2,340,041
	8,600	KRW	Kia Corp.			705,687
	123,000	HKD	Li Ning Company, Ltd.~			229,101
	1,020	EUR	LVMH Moet Hennessy Louis Vuitton, SEµ			719,470
	32,200	INR	Mahindra & Mahindra, Ltd.			1,121,359
	109,807		MakeMyTrip, Ltd.^µ#			10,276,837
	11,470	HKD	Meituan - Class B*~#			158,821
	450		MercadoLibre, Inc.µ#			751,005
	44,620		NIO, Inc. (ADR)^#			198,113
	236,800	HKD	Sands China, Ltd.~#			443,913
	2,100		Tesla, Inc.µ#			487,347
	148,600	JPY	Toyota Motor Corp.µ			2,854,718
	10,100	HKD	Yum China Holdings, Inc.~			304,909
	593,500	INR	Zomato, Ltd.#			1,634,263
						49,858,234
			Consumer Staples (3.7%)
	3,355	SEK	AAK, AB			96,547
	47,540	TRY	BIM Birlesik Magazalar, A/S			898,397
	77,500	GBP	British American Tobacco, PLC~			2,749,780
	3,535	KRW	C&C International Corp.#			294,971
	5,600		Constellation Brands, Inc. - Class Aµ			1,372,896
	5,100		Costco Wholesale Corp.µ			4,192,200
	1,380	GBP	Cranswick, PLC~			84,534
	387	INR	Gillette India, Ltd.			36,162

See accompanying Notes to Schedule of Investments

13 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF SHARES					VALUE
	2,600	CNY	Kweichow Moutai Company, Ltd. - Class A		$	511,155
	20,500	CHF	Nestle, SAµ			2,076,498
	74,568	BRL	Raia Drogasil, SA			363,865
	201,300	JPY	Seven & i Holdings Company, Ltd.~			2,410,518
	106,000	HKD	Smoore International Holdings, Ltd.*~			123,763
	1,100	JPY	Toyo Suisan Kaisha, Ltd.µ			73,861
	40,115	INR	Varun Beverages, Ltd.			758,972
	27,600		Walmart, Inc.µ			1,894,464
	8,035	GBP	Warpaint London, PLC			64,662
						18,003,245
			Energy (4.4%)
	149,200	CAD	Canadian Natural Resources, Ltd.µ			5,297,348
	24,638	CAD	CES Energy Solutions Corp.µ			147,402
	885		Cheniere Energy Partners, LP			46,604
	17,600		Chevron Corp.			2,824,272
	14,985		Energy Transfer, LP			243,806
	9,035		Enterprise Products Partners, LP			260,750
	1,826		EP Energy Corp.#			3,196
	7		Gulfport Energy Corp.µ#			1,031
	42,400		Helmerich & Payne, Inc.^µ~			1,713,808
	806,000	HKD	PetroChina Company, Ltd. - Class H~			699,909
	136,900	THB	PTT Exploration & Production, PCL			563,417
	38,530	INR	Reliance Industries, Ltd.			1,388,246
	24,475	EUR	Saipem S.p.A^#			58,144
	98,974		Schlumberger, NV			4,779,454
	82,300	GBP	Shell, PLC~			3,000,977
	18,160		TechnipFMC, PLCµ			535,720
						21,564,084
			Financials (8.5%)
	84,820	INR	360 ONE WAM, Ltd.			1,151,198
	373,000	HKD	AIA Group, Ltd.~			2,494,943
	10,000		Aon, PLC - Class Aµ			3,285,100
	188,400	BRL	B3, SA - Brasil Bolsa Balcao			361,401
	2,386,796	IDR	Bank Mandiri Persero, Tbk PT			941,326
	189,000		Bank of America Corp.µ~			7,618,590
	187,660	PHP	Bank of the Philippine Islands			389,944
	9,680		Chubb, Ltd.µ			2,668,389
	16,200	JPY	Concordia Financial Group, Ltd.~			102,101
	111,948	AED	First Abu Dhabi Bank, PJSC			397,447
	61,150	AUD	GQG Partners, Inc.			119,357
	2,750	AUD	HUB24, Ltd.µ			89,565
	133,716		Itau Unibanco Holding, SA (ADR)			804,970
	12,575		JPMorgan Chase & Company^			2,675,960
	156,300	THB	Kasikornbank PCL			578,808
	18,630	KRW	KB Financial Group, Inc.			1,204,356
	4,496,220	GBP	Lloyds Banking Group, PLC~			3,434,886
	22,456	KRW	Meritz Financial Group, Inc.			1,384,094
	44,285		Morgan Stanleyµ			4,570,655
	189,740		NU Holdings, Ltd. - Class Aµ#			2,301,546
	260,000	HKD	Ping An Insurance Group Company of China, Ltd. - Class H~			1,129,081
	3,900	KRW	Samsung Fire & Marine Insurance Company, Ltd.			1,060,524
	24,653	SAR	Saudi National Bank			249,103
	41,825		Wells Fargo & Companyµ			2,481,895
						41,495,239
			Health Care (6.3%)
	8,400	INR	Apollo Hospitals Enterprise, Ltd.			663,334
	2,055	SEK	Biotage, AB			38,532
	875	SEK	Camurus, AB#			55,375
	4,738	KRW	Dentium Company, Ltd.			324,291
	11,240		Eli Lilly & Companyµ			9,039,995
	10,104		GE Healthcare, Inc.µ#			855,102
	22,400	EUR	Gerresheimer, AGµ			2,315,875
	1,248	EUR	Guerbet			47,375
	4,860		Humana, Inc.µ			1,757,425
	8,520	BRL	Hypera, SA			43,382
	1,300	JPY	Jeol, Ltd.~			52,341
	4,700		McKesson Corp.µ			2,899,994
	37,215	TRY	MLP Saglik Hizmetleri A/S*#			413,247
	78,923		Novo Nordisk, A/S (ADR)~			10,467,558
	1,700	JPY	Shofu, Inc.µ			53,464
	3,040		UnitedHealth Group, Inc.µ			1,751,526
	368	CHF	Ypsomed Holding, AG			169,118
						30,947,934
			Industrials (9.3%)
	89,800	INR	Adani Ports & Special Economic Zone, Ltd.			1,692,067
	37,029	EUR	Alstom, SAµ#			725,494
	13,985	GBP	Ashtead Technology Holdings, PLC			156,232
	4,360	CAD	Bird Construction, Inc.^			81,759
	12,780	CNY	Contemporary Amperex Technology Company, Ltd. - Class A			329,272
	1,284	EUR	DO & CO, AGµ#			216,361
	3,600	JPY	Ebara Corp.~			51,554
	7,578		GE Vernova, Inc.µ#			1,350,703
	30,312		General Electric Companyµ			5,159,102
	8,325	KRW	Hanwha Aerospace Company, Ltd.			1,746,797
	9,167	KRW	HD Hyundai Electric Company, Ltd.			2,074,415
	79,045	INR	Hindustan Aeronautics, Ltd.			4,655,595
	294,300	JPY	Hitachi, Ltd.~			6,358,841
	65,860	PHP	International Container Terminal Services, Inc.			401,644
	4,300	JPY	Japan Elevator Service Holdings Company, Ltd.~			79,349
	22,592	INR	KEI Industries, Ltd.			1,174,214
	1,300	JPY	Kyudenko Corp.µ			59,879
	297,148	GBP	Melrose Industries, PLC~			2,250,096
	10,710	SEK	Munters Group, AB*			231,871
	35,300	CNY	Ningbo Orient Wires & Cables Company, Ltd. - Class A			249,626
	6,700	EUR	Rheinmetall, AGµ			3,649,197
	1,024,500	GBP	Rolls-Royce Holdings, PLC~#			5,932,062
	167,200	CNY	Sany Heavy Industry Company, Ltd. - Class A			373,591
	54,502	CNY	Shanghai International Airport Company, Ltd. - Class A			260,719
	1,515	KRW	SK Square Company, Ltd.#			96,095
	584	CAD	Stantec, Inc.µ			51,385
	57,046	INR	Titagarh Rail System, Ltd.			1,112,967
	1,125	SEK	Trelleborg, AB - Class B			41,808
	16,500		Waste Management, Inc.µ			3,343,890
	142,014	BRL	WEG, SA			1,271,966
						45,178,551

See accompanying Notes to Schedule of Investments

14 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF SHARES					VALUE
			Information Technology (23.0%)
	11,500	JPY	Advantest Corp.µ		$	509,006
	58,740		Apple, Inc.µ~			13,044,979
	42,285	TWD	Asia Vital Components Company, Ltd.			841,981
	9,005		ASML Holding, NVµ			8,434,984
	2,815	NOK	Crayon Group Holding, ASA*#			33,584
	565	CAD	Descartes Systems Group, Inc.µ#			57,464
	14,500	CNY	Iflytek Company, Ltd. - Class A			79,964
	52,611		Infosys, Ltd. (ADR)^			1,164,281
	43,278	TWD	Insyde Software Corp.			545,892
	19,500		International Business Machines Corp.µ			3,746,730
	14,900	JPY	Keyence Corp.µ			6,515,176
	270,000	HKD	Kingdee International Software Group Company, Ltd.~#			216,370
	27,571	INR	KPIT Technologies, Ltd.			610,670
	36,550	TWD	MediaTek, Inc.			1,392,011
	1,100	JPY	Micronics Japan Company, Ltd.µ			43,710
	33,400		Microsoft Corp.^			13,972,890
	977	EUR	Nemetschek, SEµ			93,319
	540,000	EUR	Nokia Oyjµ			2,122,146
	168,550		NVIDIA Corp.^µ			19,723,721
	26,060	KRW	Samsung Electronics Company, Ltd.			1,606,917
	16,425	EUR	SAP, SEµ			3,472,577
	19,050	CAD	Shopify, Inc. - Class Aµ#			1,166,746
	54,390	KRW	SK Hynix, Inc.			7,800,803
	40,500	HKD	Sunny Optical Technology Group Company, Ltd.~			227,128
	785	EUR	SUSS MicroTec, SE			53,307
	721,400	TWD	Taiwan Semiconductor Manufacturing Company, Ltd.			21,044,168
	7,670	KRW	TechWing, Inc.			307,269
	45,000	BRL	TOTVS, SA			220,777
	1,300	JPY	Towa Corp.µ			74,882
	60,065		Unity Software, Inc.µ#			982,663
	93,700	CNY	Venustech Group, Inc. - Class A			200,407
	26,700	AUD	WiseTech Global, Ltd.µ			1,673,052
	2,175	SEK	Yubico, AB#			54,979
						112,034,553
			Materials (1.5%)
	4,070	JPY	Artience Company, Ltd.µ			86,065
	145,715		Cemex, SAB de CV (ADR)			935,490
	219,750	AED	Fertiglobe, PLC			148,383
	3,905	CAD	HudBay Minerals, Inc.µ			32,583
	5,950		Linde, PLCµ			2,698,325
	521,200	NOK	Norsk Hydro, ASAµ			2,891,022
	2,600	JPY	Resonac Holdings Corp.µ			64,547
	16,900	ZAR	Sasol, Ltd.			137,038
	2,219	EUR	SOL S.p.A^			82,975
	3,200	JPY	Sumitomo Bakelite Company, Ltd.µ			90,086
	21,200		Vale, SA (ADR)			230,020
						7,396,534
			Real Estate (1.8%)
	935,500	PHP	Ayala Land, Inc.			473,635
	104,680	INR	DLF, Ltd.			1,116,847
	296,920	INR	Macrotech Developers, Ltd.			4,653,897
	11,500	JPY	Mirarth Holdings, Inc.~			41,290
	112,845	INR	Prestige Estates Projects, Ltd.			2,457,999
	4,049	INR	Sobha, Ltd.			87,348
						8,831,016
			Utilities (0.8%)
	45,801	EUR	Engie,SA#			720,721
	25,088		NextEra Energy, Inc.µ			1,916,472
	29,000	EUR	RWE, AGµ			1,082,306
						3,719,499
			TOTAL COMMON STOCKS (Cost $424,243,890)			366,125,674
Preferred Stocks (0.0%)
			Communication Services (0.0%)
			United States Cellular Corp.
	2,600		5.500%, 06/01/70			53,040
	2,500		5.500%, 03/01/70			51,000
						104,040
			Consumer Discretionary (0.0%)
	1,597		Guitar Center, Inc.#			59,887
			Total Preferred Stocks
			(Cost $264,701)			163,927
Warrants (0.0%) #
			Energy (0.0%)
	13,401		Mcdermott International, Ltd.
			06/30/27, Strike $15.98			2
	12,061		Mcdermott International, Ltd.
			06/30/27, Strike $12.33			1
			Total Warrants
			(Cost $5,152)			3
Exchange-Traded Funds (6.9%)
			Other (6.9%)
	799,500		Invesco Senior Loan ETF			16,789,500
	403,500		SPDR Blackstone Senior Loan ETF^			16,846,125
			Total Exchange-Traded Funds
			(Cost $33,856,045)			33,635,625
NUMBER OF
CONTRACTS/
NOTIONAL
AMOUNT					VALUE
Purchased Options (1.7%) #
			Communication Services (0.1%)
	1,663		Tencent Music Entertainment Group
	7,658,115		Call, 10/18/24, Strike $15.00			145,513
			Energy (0.0%)
	42		Eog Resources, Inc.
	532,560		Call, 01/17/25, Strike $141.00			16,800
	122	EUR	Totalenergies, SE
	843,454		Call, 12/20/24, Strike 65.00			30,571
						47,371

See accompanying Notes to Schedule of Investments

15 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF
CONTRACTS/
NOTIONAL
AMOUNT					VALUE
			Health Care (0.1%)
	535		Boston Scientific Corp.
	3,952,580		Call, 11/15/24, Strike $70.00		$	355,775
			Industrials (0.1%)
	290	EUR	Schneider Electric, SE
	6,458,785		Call, 12/20/24, Strike 220.00			572,153
	240	CHF	Swatch Group, AG
	24,552		Call, 09/20/24, Strike 200.00			2,434
						574,587
			Information Technology (0.3%)
	212		Cadence Design Systems, Inc.
	5,674,392		Call, 01/17/25, Strike $335.00			111,300
	662		NVIDIA Corp.
	7,746,724		Put, 01/17/25, Strike $120.00			1,135,330
	175		QUALCOMM, Inc.
	3,166,625		Call, 01/17/25, Strike $185.00			327,250
						1,573,880
			Other (1.1%)
			Invesco QQQ Trust Series 1
	2,325
	109,523,775		Put, 01/17/25, Strike $430.00			2,294,775
	815
	38,392,205		Put, 12/20/24, Strike $344.78			116,952
	88
	4,145,416		Put, 09/30/24, Strike $420.00			22,968
	2,117		iShares Russell 2000 ETF
	16,584,578		Call, 11/15/24, Strike $175.00			1,746,525
			SPDR S&P 500 ETF Trust
	2,050
	112,916,050		Put, 01/17/25, Strike $490.00			1,210,525
	690
	38,005,890		Put, 12/20/24, Strike $410.00			101,085
						5,492,830
			Total Purchased Options
			(Cost $10,717,808)			8,189,956
	TOTAL INVESTMENTS (147.7%)
	(Cost $787,158,911)					720,030,943

MANDATORY REDEEMABLE PREFERRED SHARES, AT LIQUIDATION VALUE (-14.4%)						(70,000,000	)
LIABILITIES, LESS OTHER ASSETS (-33.3%)						(162,509,020	)
NET ASSETS (100.0%)					$	487,521,923
Written Options (-0.1%) #
			Energy (0.0%)
	(424	)	Helmerich & Payne, Inc.
	(1,713,808	)	Call, 12/20/24, Strike $55.00			(13,780	)
			Financials (-0.1%)
	(85	)	Aon, PLC
	(2,792,335	)	Call, 12/20/24, Strike $330.00			(152,575	)
	(1,250	)	Bank of America Corp.
	(5,038,750	)	Call, 11/15/24, Strike $45.00			(81,250	)
	(442	)	Morgan Stanley
	(4,561,882	)	Call, 09/20/24, Strike $100.00			(257,465	)
						(491,290	)
			Information Technology (0.0%)
	(190	)  CAD	Shopify, Inc.
	(1,606,640	)	Call, 12/20/24, Strike 120.00			(21,881	)
			Other (0.0%)
	(88	)	Invesco QQQ Trust Series 1
	(4,145,416	)	Put, 09/30/24, Strike $380.00			(6,996	)
			Total Written Options
			(Premium $270,684)			(533,947	)

NOTES TO SCHEDULE OF INVESTMENTS
*		Securities issued and sold pursuant to a Rule 144A transaction are exempted from the registration requirement of the Securities Act of 1933, as amended. These securities may only be sold to qualified institutional buyers (“QIBs”), such as the Fund. Any resale of these securities must generally be effected through a sale that is registered under the Act or otherwise exempted from such registration requirements.
@		In default status and considered non-income producing.
^		Security, or portion of security, is on loan.
µ		Security, or portion of security, is held in a segregated account as collateral for note payable aggregating a total value of $277,384,673.
‡		Variable rate security. The rate shown is the rate in effect at July 31, 2024.
§		Securities exchangeable or convertible into securities of one or more entities that are different than the issuer. Each entity is identified in the parenthetical.
~		Security, or portion of security, is segregated as collateral (or collateral for potential future transactions) for written options and securities sold short. The aggregate value of such securities is $19,163,916.
¡		Bank loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown.
!		This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.
#		Non-income producing security.

See accompanying Notes to Schedule of Investments

16 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

ABBREVIATION
ADR		American Depositary Receipt
FOREIGN CURRENCY ABBREVIATIONS
AED		UAE Dirham
AUD		Australian Dollar
BRL		Brazilian Real
CAD		Canadian Dollar
CHF		Swiss Franc
CNY		Chinese Yuan Renminbi
EUR		European Monetary Unit
GBP		British Pound Sterling
HKD		Hong Kong Dollar
IDR		Indonesian Rupiah
INR		Indian Rupee
JPY		Japanese Yen
KRW		South Korean Won
NOK		Norwegian Krone
PHP		Philippine Peso
SAR		Saudi Riyal
SEK		Swedish Krona
THB		Thai Baht
TRY		Turkish Lira
TWD		New Taiwan Dollar
ZAR		South African Rand

Note: Value for securities denominated in foreign currencies is shown in U.S. dollars. The principal amount for such securities is shown in the respective foreign currency.  The date on options represents the expiration date of the option contract. The option contract may be exercised at any date on or before the date shown.

The following table summarizes the Fund's investments and derivative financial instruments categorized in the fair value hierarchy as of July 31, 2024 (see Note 2):

		LEVEL 1				LEVEL 2				LEVEL 3				TOTAL
Assets:
Asset Backed Securities		$	—			$	159,734			$	—			$	159,734
Corporate Bonds			—				66,072,742				—				66,072,742
Convertible Bonds			—				177,936,735				—				177,936,735
Bank Loans			—				58,337,625				—				58,337,625
U.S. Government and Agency Securities			—				1,160,734				—				1,160,734
Convertible Preferred Stocks			8,194,438				53,750				—				8,248,188
Common Stocks			214,067,990				152,057,684				—				366,125,674
Preferred Stocks			104,040				59,887				—				163,927
Warrants			—				3				—				3
Exchange-Traded Funds			33,635,625				—				—				33,635,625
Purchased Options			8,189,956				—				—				8,189,956
Total		$	264,192,049			$	455,838,894			$	—			$	720,030,943
Liabilities:
Written Options		$	533,947			$	—			$	—			$	533,947
Total		$	533,947			$	—			$	—			$	533,947

See accompanying Notes to Schedule of Investments

17 

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

CURRENCY EXPOSURE JULY 31, 2024
		Value				% of Total Investments
US Dollar		$	515,978,350				71.7	%
European Monetary Unit			41,648,676				5.8	%
Indian Rupee			29,943,988				4.2	%
Japanese Yen			25,176,005				3.5	%
New Taiwan Dollar			23,824,052				3.3	%
British Pound Sterling			21,509,479				3.0	%
South Korean Won			18,717,547				2.6	%
Hong Kong Dollar			13,723,490				1.9	%
Canadian Dollar			10,227,364				1.4	%
Norwegian Krone			2,924,606				0.4	%
Chinese Yuan Renminbi			2,628,785				0.4	%
Brazilian Real			2,294,936				0.3	%
Swiss Franc			2,248,050				0.3	%
Australian Dollar			2,012,247				0.3	%
Philippine Peso			1,386,152				0.2	%
Turkish Lira			1,311,644				0.2	%
Thai Baht			1,142,225				0.1	%
Indonesian Rupiah			941,326				0.1	%
Swedish Krona			665,835				0.1	%
UAE Dirham			545,830				0.1	%
Saudi Riyal			509,371				0.1	%
South African Rand			137,038				—	%
Total Investments Net of Written Options		$	719,496,996				100.0	%
Currency exposure may vary over time.

See accompanying Notes to Schedule of Investments

18 

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
CORPORATE BONDS (11.9)%
				Airlines (0.2)%
	39,910			Alaska Airlines Pass Through Trust Series 2020-1, Class A*
				4.800%, 02/15/29		$	39,214
	17,700			Alaska Airlines Pass Through Trust Series 2020-1, Class B*
				8.000%, 02/15/27			17,935
	45,100			American Airlines Pass Through Trust Series 2021-1, Class B
				3.950%, 01/11/32			41,751
	19,251			American Airlines, Inc. / AAdvantage Loyalty IP, Ltd.*
				5.500%, 04/20/26			19,135
	39,700			British Airways Pass Through Trust Series 2021-1, Class B*
				3.900%, 03/15/33			36,944
	34,915			JetBlue Pass Through Trust Series 2020-1, Class B
				7.750%, 05/15/30			36,051
							191,030
				Communication Services (0.9)%
	55,000			APi Group DE, Inc.*
				4.750%, 10/15/29			52,365
				Audacy Capital Corp.*@
	57,000			6.750%, 03/31/29			2,361
	27,000			6.500%, 05/01/27			1,200
	36,000			Cincinnati Bell Telephone Company, LLC
				6.300%, 12/01/28			33,944
				Clear Channel Outdoor Holdings, Inc.*
	25,000			7.875%, 04/01/30			25,471
	20,000			9.000%, 09/15/28^			21,275
	65,000			Consolidated Communications, Inc.*
				6.500%, 10/01/28			58,772
	43,000			Directv Financing, LLC / Directv Financing Co-Obligor, Inc.*
				5.875%, 08/15/27			41,447
	45,000			Frontier California, Inc.
				6.750%, 05/15/27			44,021
	11,000			Frontier Communications Holdings, LLC*
				8.750%, 05/15/30			11,534
	85,000			Frontier Florida, LLC
				6.860%, 02/01/28			86,543
	65,000			Frontier North, Inc.
				6.730%, 02/15/28			64,618
				Go Daddy Operating Company, LLC / GD Finance Company, Inc.*
	40,000			3.500%, 03/01/29			36,409
	13,000			5.250%, 12/01/27			12,813
	20,000			Gray Television, Inc.*
				5.375%, 11/15/31			12,937
	10,000			Hughes Satellite Systems Corp.
				6.625%, 08/01/26			4,703
				iHeartCommunications, Inc.
	25,000			8.375%, 05/01/27			10,220
	15,000			5.250%, 08/15/27*^			9,834
	37,759			Ligado Networks, LLC*
				15.500%, 11/01/23			6,104
				Lumen Technologies, Inc.
	35,000			7.600%, 09/15/39			15,045
	20,000			4.000%, 02/15/27*			12,834
	10,000			7.650%, 03/15/42			4,151
	22,000			Match Group Holdings II, LLC*
				3.625%, 10/01/31			19,032
	45,000			Paramount Global
				4.900%, 08/15/44			32,917
	14,000			Qwest Corp.
				7.250%, 09/15/25			13,907
				Scripps Escrow II, Inc.*
	23,000			3.875%, 01/15/29			15,000
	11,000			5.375%, 01/15/31			5,358
	40,000			Scripps Escrow, Inc.*^
				5.875%, 07/15/27			27,843
				Sirius XM Radio, Inc.*
	65,000			5.500%, 07/01/29			62,229
	56,000			3.875%, 09/01/31			46,813
	20,000			3.125%, 09/01/26			19,044
	41,000			Spanish Broadcasting System, Inc.*
				9.750%, 03/01/26			24,609
	45,000			Stagwell Global, LLC*
				5.625%, 08/15/29			42,457
	22,000			Telesat Canada / Telesat, LLC*
				4.875%, 06/01/27			10,066
				Time Warner Cable, LLC
	35,000			6.550%, 05/01/37			34,257
	15,000			7.300%, 07/01/38			15,625
	41,000			United States Cellular Corp.
				6.700%, 12/15/33			43,950
	45,000			Univision Communications, Inc.*
				8.000%, 08/15/28			45,271
	20,000			Viasat, Inc.*
				5.625%, 04/15/27			18,805
							1,045,784
				Consumer Discretionary (2.5)%
	65,000			Adams Homes, Inc.*
				9.250%, 10/15/28			67,510
	35,000			Adient Global Holdings Company*^
				8.250%, 04/15/31			36,832
	35,000			American Axle & Manufacturing, Inc.^
				5.000%, 10/01/29			32,090
				Ashton Woods USA, LLC / Ashton Woods Finance Company*
	38,000			4.625%, 08/01/29			35,117
	14,000			6.625%, 01/15/28			14,088
	53,000			At Home Group, Inc.*
				4.875%, 07/15/28			20,178
				Bath & Body Works, Inc.
	57,000			6.694%, 01/15/27			58,090
	35,000			6.875%, 11/01/35			35,531
				Caesars Entertainment, Inc.*
	28,000			4.625%, 10/15/29^			26,040
	21,000			8.125%, 07/01/27			21,455
				Carnival Corp.*
	22,000			4.000%, 08/01/28			20,837
	21,000			7.625%, 03/01/26			21,225
	3,000			7.000%, 08/15/29			3,134
				Carvana Company*
	8,510			14.000%, 06/01/31			9,929
	6,355			13.000%, 06/01/30			7,013

See accompanying Notes to Schedule of Investments

1

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	4,218			12.000%, 12/01/28		$	4,561
				CCO Holdings, LLC / CCO Holdings Capital Corp.*
	90,000			4.750%, 03/01/30			80,604
	90,000			4.500%, 08/15/30			78,839
	50,000			6.375%, 09/01/29			48,706
	50,000			5.125%, 05/01/27			48,589
	46,000			4.250%, 02/01/31			39,186
	22,000			4.750%, 02/01/32			18,870
	20,000			5.000%, 02/01/28			19,058
	22,000			CDI Escrow Issuer, Inc.*
				5.750%, 04/01/30			21,579
	39,000			Cedar Fair, LP / Canada's Wonderland Company / Magnum Management Corp. / Millennium Op
				5.250%, 07/15/29			38,012
	23,000			Churchill Downs, Inc.*
				6.750%, 05/01/31			23,355
				Dana, Inc.
	40,000			4.250%, 09/01/30			35,371
	32,000			4.500%, 02/15/32			28,005
				DISH DBS Corp.
	45,000			5.125%, 06/01/29			19,022
	30,000			7.375%, 07/01/28			13,924
	30,000			5.250%, 12/01/26*			24,992
	26,000			7.750%, 07/01/26			16,765
	25,000			5.750%, 12/01/28*			18,409
	46,000			DISH Network Corp.*
				11.750%, 11/15/27			46,065
	47,000			Everi Holdings, Inc.*
				5.000%, 07/15/29			46,576
	175,000			Ford Motor Company^
				6.100%, 08/19/32			177,271
	200,000			Ford Motor Credit Company, LLC
				2.900%, 02/16/28			183,660
	16,000			Gap, Inc.*
				3.875%, 10/01/31			13,474
	20,000			General Motors Company
				5.200%, 04/01/45			18,015
				goeasy, Ltd.*
	75,000			9.250%, 12/01/28			80,467
	41,000			7.625%, 07/01/29			42,032
				Goodyear Tire & Rubber Company
	40,000			5.625%, 04/30/33			36,866
	20,000			5.250%, 07/15/31^			18,725
				Group 1 Automotive, Inc.*
	25,000			6.375%, 01/15/30			25,259
	19,000			4.000%, 08/15/28			17,724
	25,000			Guitar Center, Inc.*^
				8.500%, 01/15/26			22,355
	58,675			Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.*
				11.000%, 04/15/29			56,013
	10,539			JetBlue Pass Through Trust Series 2019-2, Class B
				8.000%, 11/15/27			10,778
	45,000			Kohl's Corp.
				5.550%, 07/17/45			29,907
	45,000			LCM Investments Holdings II, LLC*
				8.250%, 08/01/31			47,203
	45,000			Liberty Interactive, LLC
				8.250%, 02/01/30			23,256
	43,000			Life Time, Inc.*
				8.000%, 04/15/26			43,673
	20,000			Light & Wonder International, Inc.*
				7.500%, 09/01/31			20,873
	15,000			Lindblad Expeditions Holdings, Inc.*
				9.000%, 05/15/28			15,627
	28,000			Lindblad Expeditions, LLC*
				6.750%, 02/15/27			28,026
	30,000			M/I Homes, Inc.
				3.950%, 02/15/30			27,373
				Macy's Retail Holdings, LLC
	53,000			6.700%, 07/15/34*			46,747
	35,000			4.300%, 02/15/43			25,182
	23,000			MGM Resorts International
				6.500%, 04/15/32			23,098
	55,000			Midwest Gaming Borrower, LLC / Midwest Gaming Finance Corp.*
				4.875%, 05/01/29			51,982
	25,000			Newell Brands, Inc.
				5.700%, 04/01/26			24,967
				Nordstrom, Inc.
	23,000			4.250%, 08/01/31			20,517
	20,000			6.950%, 03/15/28			20,497
	20,000			5.000%, 01/15/44			15,978
	67,000			Patrick Industries, Inc.*
				4.750%, 05/01/29			62,640
	50,000			PENN Entertainment, Inc.*^
				4.125%, 07/01/29			44,279
	21,000			Phinia, Inc.*
				6.750%, 04/15/29			21,452
	60,000			Premier Entertainment Sub, LLC / Premier Entertainment Finance Corp.*^
				5.625%, 09/01/29			44,935
	20,000			QVC, Inc.
				5.450%, 08/15/34			12,751
	20,000			Raising Cane's Restaurants, LLC*
				9.375%, 05/01/29			21,620
	91,000			Rite Aid Corp.*@
				8.000%, 11/15/26			40,329
				Royal Caribbean Cruises, Ltd.*
	23,000			7.250%, 01/15/30			24,130
	6,000			6.250%, 03/15/32			6,117
	63,000			Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed*
				4.625%, 03/01/29			57,017
	65,000			Six Flags Entertainment Corp.*
				7.250%, 05/15/31			66,966
	30,000			Sonic Automotive, Inc.*
				4.625%, 11/15/29			27,467
	36,000			Speedway Motorsports, LLC / Speedway Funding II, Inc.*
				4.875%, 11/01/27			34,743
	40,000			Station Casinos, LLC*
				4.500%, 02/15/28			38,048
	45,000			STL Holding Company, LLC*
				8.750%, 02/15/29			46,910
	31,000			Taylor Morrison Communities, Inc.*
				5.750%, 01/15/28			31,053
	10,000			Viking Cruises, Ltd.*
				9.125%, 07/15/31			10,914

See accompanying Notes to Schedule of Investments

2

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	50,000			Vista Outdoor, Inc.*
				4.500%, 03/15/29		$	49,895
							2,888,368
				Consumer Staples (0.5)%
	67,000			Arrow Bidco, LLC*
				10.750%, 06/15/25			68,128
	15,000			B&G Foods, Inc.*
				8.000%, 09/15/28			15,314
				Brink's Company*
	25,000			6.500%, 06/15/29			25,504
	11,000			6.750%, 06/15/32			11,223
	51,000			Central Garden & Pet Company*
				4.125%, 04/30/31			45,435
	53,000			Edgewell Personal Care Company*
				4.125%, 04/01/29			49,355
				Energizer Holdings, Inc.*
	59,000			4.375%, 03/31/29			54,512
	10,000			6.500%, 12/31/27			10,067
				JBS USA LUX, SA / JBS USA Food Company / JBS USA Finance, Inc.
	40,000			5.500%, 01/15/30^			40,063
	25,000			5.125%, 02/01/28^			25,021
	11,000			5.750%, 04/01/33			11,097
	33,000			New Albertsons, LP
				7.750%, 06/15/26			33,904
	43,000			Performance Food Group, Inc.*
				4.250%, 08/01/29			39,861
	35,000			Pilgrim's Pride Corp.
				4.250%, 04/15/31			32,555
	23,000			Post Holdings, Inc.*
				6.250%, 02/15/32			23,342
	42,000			Prestige Brands, Inc.*
				3.750%, 04/01/31			37,092
	23,000			RR Donnelley & Sons Company*
				9.500%, 08/01/29			23,161
	35,000			United Natural Foods, Inc.*^
				6.750%, 10/15/28			32,044
	50,000			Vector Group, Ltd.*
				5.750%, 02/01/29			48,068
							625,746
				Energy (1.8)%
	45,000			Apache Corp.
				5.100%, 09/01/40			39,528
				Buckeye Partners, LP
	34,000			6.875%, 07/01/29*			34,558
	25,000			5.850%, 11/15/43			22,319
	23,000			Cheniere Energy, Inc.
				4.625%, 10/15/28			22,569
	32,000			Chesapeake Energy Corp.*
				6.750%, 04/15/29			32,389
	58,000			Civitas Resources, Inc.*
				8.750%, 07/01/31			62,474
				Continental Resources, Inc.^
	23,000			2.875%, 04/01/32*			19,114
	20,000			4.900%, 06/01/44			16,905
	32,000			DT Midstream, Inc.*
				4.125%, 06/15/29			29,948
				Earthstone Energy Holdings, LLC*
	39,000			8.000%, 04/15/27			40,251
	15,000			9.875%, 07/15/31			16,719
				Enbridge, Inc.‡
	20,000			7.375%, 03/15/55
				5 year CMT + 3.12%			20,286
	20,000			7.200%, 06/27/54
				5 year CMT + 2.97%			20,440
	14,000			7.375%, 01/15/83
				5 year CMT + 3.71%			14,125
	45,000			Encino Acquisition Partners Holdings, LLC*
				8.750%, 05/01/31			47,317
				Energy Transfer, LP‡
	65,000			8.527%, 11/01/66
				3 mo. USD Term SOFR + 3.28%			63,157
	32,000			6.500%, 11/15/26
				5 year CMT + 5.69%			31,852
				EnLink Midstream Partners, LP
	60,000			9.711%, 09/03/24‡
				3 mo. USD LIBOR + 4.11%			59,579
	50,000			4.850%, 07/15/26			49,457
	31,000			EnLink Midstream, LLC*
				6.500%, 09/01/30			32,357
				EQM Midstream Partners, LP*
	70,000			7.500%, 06/01/27			72,024
	20,000			6.375%, 04/01/29			20,434
				Genesis Energy, LP / Genesis Energy Finance Corp.
	31,000			8.875%, 04/15/30			32,857
	20,000			7.875%, 05/15/32			20,432
				Gulfport Energy Corp.
	40,000			8.000%, 05/17/26*			40,590
	13,792			8.000%, 05/17/26			13,995
	60,000			Hilcorp Energy I, LP / Hilcorp Finance Company*
				6.000%, 04/15/30			58,774
	23,000			Howard Midstream Energy Partners, LLC*
				7.375%, 07/15/32			23,710
	45,000			Kodiak Gas Services, LLC*
				7.250%, 02/15/29			46,363
	44,000			Magnolia Oil & Gas Operating, LLC / Magnolia Oil & Gas Finance Corp.*
				6.000%, 08/01/26			43,947
	41,000			Matador Resources Company*
				6.500%, 04/15/32			41,239
				Moss Creek Resources Holdings, Inc.*
	25,000			10.500%, 05/15/27			25,650
	25,000			7.500%, 01/15/26			25,049
				Nabors Industries, Inc.*
	35,000			7.375%, 05/15/27			35,676
	15,000			9.125%, 01/31/30^			16,063
	35,000			Nabors Industries, Ltd.*^
				7.500%, 01/15/28			34,437
	26,000			New Fortress Energy, Inc.*
				6.750%, 09/15/25			25,570
	45,000			Oceaneering International, Inc.
				6.000%, 02/01/28			44,642
	45,000			Parkland Corp.*
				5.875%, 07/15/27			44,957
	23,000			Patterson-UTI Energy, Inc.
				5.150%, 11/15/29			22,782
				Permian Resources Operating, LLC*
	12,000			7.000%, 01/15/32			12,425
	11,000			6.250%, 02/01/33			11,002

See accompanying Notes to Schedule of Investments

3

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	50,000			Plains All American Pipeline, LP‡
				9.694%, 09/03/24
				3 mo. USD LIBOR + 4.11%		$	50,060
	60,000			Rockcliff Energy II, LLC*
				5.500%, 10/15/29			56,967
	21,000			Southwestern Energy Company
				4.750%, 02/01/32			19,646
	45,000			Summit Midstream Holdings, LLC*
				8.625%, 10/31/29			46,021
				Transocean, Inc.*
	40,500			8.750%, 02/15/30			42,665
	40,000			8.250%, 05/15/29			40,871
				Venture Global Calcasieu Pass, LLC*
	30,000			6.250%, 01/15/30			30,878
	10,000			4.125%, 08/15/31			9,104
	10,000			3.875%, 08/15/29			9,268
				Venture Global LNG, Inc.*
	55,000			8.375%, 06/01/31			57,803
	35,000			8.125%, 06/01/28			36,440
	23,000			7.000%, 01/15/30			23,275
	20,000			9.875%, 02/01/32			22,208
	20,000			9.500%, 02/01/29			22,252
				Vital Energy, Inc.
	25,000			7.750%, 07/31/29*			25,319
	23,000			7.875%, 04/15/32*			23,423
	15,000			9.750%, 10/15/30			16,430
	45,000			VOC Escrow, Ltd.*
				5.000%, 02/15/28			43,948
	50,000			Weatherford International, Ltd.*
				8.625%, 04/30/30			52,084
							2,016,624
				Financials (1.9)%
	65,000			Acrisure, LLC / Acrisure Finance, Inc.*
				8.250%, 02/01/29			66,205
	67,000			Aethon United BR, LP / Aethon United Finance Corp.*
				8.250%, 02/15/26			67,957
				Alliant Holdings Intermediate, LLC / Alliant Holdings Co-Issuer*
	75,000			6.750%, 10/15/27			74,521
	50,000			7.000%, 01/15/31			50,933
				Ally Financial, Inc.
	49,000			4.700%, 05/15/26‡ ‡‡
				5 year CMT + 3.87%			44,787
	20,000			8.000%, 11/01/31			22,543
	20,000			4.700%, 05/15/28‡
				7 year CMT + 3.48%			16,664
	86,000			AmWINS Group, Inc.*
				4.875%, 06/30/29			81,150
	33,000			Aviation Capital Group, LLC*
				3.500%, 11/01/27			31,343
	45,000			Baldwin Insurance Group Holdings, LLC / Baldwin Insurance Group Holdings Finance*
				7.125%, 05/15/31			46,444
	23,000			Brandywine Operating Partnership, LP
				8.875%, 04/12/29			24,513
	68,000			BroadStreet Partners, Inc.*
				5.875%, 04/15/29			65,630
	50,000			Brookfield Property REIT, Inc. / BPR Cumulus, LLC / BPR Nimbus, LLC / GGSI Sellco, LLC*
				4.500%, 04/01/27			47,380
				Credit Acceptance Corp.
	40,000			6.625%, 03/15/26^			40,036
	30,000			9.250%, 12/15/28*			32,096
	45,000			Cushman & Wakefield U.S. Borrower LLC*
				8.875%, 09/01/31			48,523
	50,000			GGAM Finance, Ltd.*
				8.000%, 02/15/27			51,751
	66,000			Global Net Lease, Inc. / Global Net Lease Operating Partnership, LP*
				3.750%, 12/15/27			59,730
	25,000			HAT Holdings I, LLC / HAT Holdings II, LLC*
				8.000%, 06/15/27			26,173
				HUB International, Ltd.*
	66,000			5.625%, 12/01/29			63,426
	23,000			7.375%, 01/31/32			23,690
	31,000			Icahn Enterprises, LP / Icahn Enterprises Finance Corp.
				4.375%, 02/01/29			26,998
	90,000			Iron Mountain, Inc.*
				5.250%, 03/15/28			88,222
				Ladder Capital Finance Holdings, LLLP / Ladder Capital Finance Corp.*
	88,000			5.250%, 10/01/25			87,653
	47,000			4.750%, 06/15/29			44,680
	28,000			7.000%, 07/15/31^			28,671
	40,000			LD Holdings Group, LLC*
				6.125%, 04/01/28			31,848
				Level 3 Financing, Inc.*
	45,000			4.250%, 07/01/28			24,553
	20,000			4.625%, 09/15/27			13,210
	30,000			LPL Holdings, Inc.*
				4.000%, 03/15/29			28,224
	40,000			Macquarie Airfinance Holdings, Ltd.*
				8.125%, 03/30/29			42,348
	70,000			MetLife, Inc.
				6.400%, 12/15/66			71,623
	60,000			Nationstar Mortgage Holdings, Inc.*
				5.500%, 08/15/28			58,322
	30,000			Necessity Retail REIT, Inc. / American Finance Operating Partner, LP*
				4.500%, 09/30/28			27,343
	20,000			Newmark Group, Inc.
				7.500%, 01/12/29			21,014
				OneMain Finance Corp.
	30,000			9.000%, 01/15/29			31,836
	30,000			3.875%, 09/15/28			27,496
	25,000			7.500%, 05/15/31			25,724
	20,000			Park Intermediate Holdings, LLC / PK Domestic Property, LLC / PK Finance Co-Issuer*
				7.000%, 02/01/30			20,366
	73,000			PHH Mortgage Corp.*
				7.875%, 03/15/26			71,928
				RHP Hotel Properties, LP / RHP Finance Corp.*
	50,000			4.500%, 02/15/29			47,417

See accompanying Notes to Schedule of Investments

4

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	40,000			6.500%, 04/01/32		$	40,479
				Rocket Mortgage, LLC / Rocket Mortgage Co-Issuer, Inc.*
	20,000			3.875%, 03/01/31			17,818
	20,000			3.625%, 03/01/29			18,388
	10,000			2.875%, 10/15/26			9,455
	30,000			Service Properties Trust
				8.375%, 06/15/29			29,879
	55,000			StoneX Group, Inc.*
				7.875%, 03/01/31			57,298
				United Wholesale Mortgage, LLC*
	52,000			5.500%, 04/15/29			50,236
	20,000			5.750%, 06/15/27			19,762
				Uniti Group, LP / Uniti Group Finance, Inc. / CSL Capital, LLC*
	25,000			6.500%, 02/15/29			18,996
	27,000			10.500%, 02/15/28			27,334
	23,000			VFH Parent, LLC / Valor Co-Issuer, Inc.*
				7.500%, 06/15/31			23,698
	47,000			XHR, LP*
				6.375%, 08/15/25			47,033
							2,165,347
				Health Care (1.1)%
				CHS/Community Health Systems, Inc.*
	88,000			6.125%, 04/01/30			67,282
	37,000			10.875%, 01/15/32			39,773
	25,000			6.875%, 04/15/29^			20,533
	5,000			5.250%, 05/15/30			4,370
				DaVita, Inc.*
	52,000			3.750%, 02/15/31			45,047
	49,000			4.625%, 06/01/30			44,933
				Embecta Corp.*
	33,000			5.000%, 02/15/30^			28,363
	11,000			6.750%, 02/15/30			9,826
				Encompass Health Corp.
	20,000			4.750%, 02/01/30			19,129
	20,000			4.500%, 02/01/28			19,350
	52,000			HCA, Inc.
				7.500%, 11/06/33			58,841
	200,000			Jazz Securities DAC*
				4.375%, 01/15/29			188,228
				Medline Borrower, LP*
	55,000			3.875%, 04/01/29			51,369
	53,000			5.250%, 10/01/29			51,269
	6,000			Medline Borrower, LP / Medline Co-Issuer, Inc.*
				6.250%, 04/01/29			6,132
	200,000			Organon & Company / Organon Foreign Debt Co-Issuer, BV*^
				5.125%, 04/30/31			184,026
				Tenet Healthcare Corp.
	120,000			6.250%, 02/01/27			120,305
	70,000			6.875%, 11/15/31			74,965
	190,000			Teva Pharmaceutical Finance Netherlands III, BV
				3.150%, 10/01/26			179,956
							1,213,697
				Industrials (1.7)%
	45,000			Aar Escrow Issuer, LLC*
				6.750%, 03/15/29			46,022
	50,000			ACCO Brands Corp.*
				4.250%, 03/15/29			45,723
	50,000			Air Lease Corp.‡
				4.125%, 12/15/26
				5 year CMT + 3.15%			46,067
				Albertsons Companies, Inc. / Safeway, Inc. / New Albertsons, LP / Albertsons, LLC*
	75,000			4.625%, 01/15/27			73,174
	30,000			5.875%, 02/15/28			29,790
	25,000			Arcosa, Inc.*
				4.375%, 04/15/29			23,597
	200,000			ARD Finance, SA*
				6.500%, 06/30/27
				7.250% PIK rate			51,602
	34,000			Beacon Roofing Supply, Inc.*
				4.125%, 05/15/29			31,296
				Bombardier, Inc.*
	25,000			8.750%, 11/15/30			27,125
	15,000			7.000%, 06/01/32			15,348
	14,000			7.875%, 04/15/27			14,034
	13,000			7.250%, 07/01/31			13,403
	44,000			BWX Technologies, Inc.*
				4.125%, 04/15/29			41,519
	48,000			Cascades, Inc. / Cascades USA, Inc.*
				5.375%, 01/15/28			46,657
	11,000			Delta Air Lines, Inc. / SkyMiles IP, Ltd.*
				4.750%, 10/20/28			10,877
	58,000			Deluxe Corp.*
				8.000%, 06/01/29			54,960
	43,000			Eco Material Technologies, Inc.*
				7.875%, 01/31/27			43,787
	68,000			Emerald Debt Merger Sub, LLC*
				6.625%, 12/15/30			69,310
				EnerSys*
	25,000			4.375%, 12/15/27			23,981
	20,000			6.625%, 01/15/32			20,409
	15,000			EquipmentShare.com, Inc.*
				8.625%, 05/15/32			15,593
	25,000			Graham Packaging Company, Inc.*
				7.125%, 08/15/28			24,383
				Graphic Packaging International, LLC*
	30,000			4.750%, 07/15/27			29,447
	20,000			3.500%, 03/01/29			18,200
	51,000			Great Lakes Dredge & Dock Corp.*
				5.250%, 06/01/29			45,906
	101,000			H&E Equipment Services, Inc.*
				3.875%, 12/15/28			92,406
				Herc Holdings, Inc.*
	65,000			5.500%, 07/15/27			64,507
	23,000			6.625%, 06/15/29			23,503
				JELD-WEN, Inc.*
	34,000			4.625%, 12/15/25			33,538
	25,000			4.875%, 12/15/27			23,853
	70,000			Ken Garff Automotive, LLC*
				4.875%, 09/15/28			66,502
	45,000			Knife River Holding Company*
				7.750%, 05/01/31			47,386
	11,000			MasTec, Inc.*^
				4.500%, 08/15/28			10,644
	23,000			Masterbrand, Inc.*
				7.000%, 07/15/32			23,649
	33,000			Moog, Inc.*
				4.250%, 12/15/27			31,631

See accompanying Notes to Schedule of Investments

5

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	55,000			Newfold Digital Holdings Group, Inc.*^
				6.000%, 02/15/29		$	37,971
	52,000			Novelis Corp.*
				4.750%, 01/30/30			49,065
	15,000			OI European Group, BV*
				4.750%, 02/15/30			13,825
	27,000			Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer, LLC*
				4.000%, 10/15/27			25,543
				Sealed Air Corp.*
	35,000			6.125%, 02/01/28			35,323
	11,000			5.000%, 04/15/29			10,653
	10,000			6.500%, 07/15/32			10,133
	10,000			Sealed Air Corp./Sealed Air Corp. U.S.*
				7.250%, 02/15/31			10,424
	40,000			Sensata Technologies, Inc.*
				3.750%, 02/15/31			35,397
	50,000			Standard Industries, Inc.*
				5.000%, 02/15/27			48,975
	35,000			Stericycle, Inc.*
				3.875%, 01/15/29			33,321
				TransDigm, Inc.*
	45,000			6.875%, 12/15/30			46,334
	35,000			6.750%, 08/15/28			35,728
	29,000			6.625%, 03/01/32			29,694
	15,000			7.125%, 12/01/31			15,606
	25,000			Tronox, Inc.*
				4.625%, 03/15/29			22,801
	15,503			United Airlines Pass Through Trust Series 2019-2, Class B
				3.500%, 11/01/29			14,527
	44,000			Vertiv Group Corp.*
				4.125%, 11/15/28			41,752
	46,000			Wabash National Corp.*
				4.500%, 10/15/28			42,054
	35,000			Waste Pro USA, Inc.*
				5.500%, 02/15/26			34,771
				Williams Scotsman, Inc.*
	27,000			4.625%, 08/15/28			25,728
	20,000			7.375%, 10/01/31			20,810
	15,000			6.625%, 06/15/29			15,286
							1,935,550
				Information Technology (0.6)%
	11,000			Booz Allen Hamilton, Inc.*
				4.000%, 07/01/29			10,412
	80,000			Clarivate Science Holdings Corp.*
				3.875%, 07/01/28			75,136
	39,000			Clear Channel Worldwide Holdings, Inc.*
				5.125%, 08/15/27			37,837
	23,000			Coherent Corp.*^
				5.000%, 12/15/29			21,939
	21,000			Dell International, LLC / EMC Corp.
				6.020%, 06/15/26			21,351
	22,000			Dun & Bradstreet Corp.*
				5.000%, 12/15/29			20,960
	26,000			Fair Isaac Corp.*
				4.000%, 06/15/28			24,497
	50,000			KBR, Inc.*
				4.750%, 09/30/28			47,615
				MPH Acquisition Holdings, LLC*
	50,000			5.750%, 11/01/28			29,934
	20,000			5.500%, 09/01/28			15,653
	20,000			NCL Corp., Ltd.*
				8.125%, 01/15/29			21,279
	22,000			NCR Voyix Corp.*
				5.125%, 04/15/29			21,040
	34,000			ON Semiconductor Corp.*
				3.875%, 09/01/28			31,810
				Open Text Corp.*
	39,000			3.875%, 02/15/28			36,470
	20,000			6.900%, 12/01/27			20,763
	16,000			3.875%, 12/01/29			14,538
	16,000			Open Text Holdings, Inc.*
				4.125%, 12/01/31			14,272
	37,000			Playtika Holding Corp.*
				4.250%, 03/15/29			32,992
	60,000			TTM Technologies, Inc.*
				4.000%, 03/01/29			55,882
				Twilio, Inc.
	30,000			3.625%, 03/15/29^			27,256
	11,000			3.875%, 03/15/31			9,882
	17,000			UKG, Inc.*
				6.875%, 02/01/31			17,476
	55,000			Viavi Solutions, Inc.*
				3.750%, 10/01/29			47,807
	20,000			Zebra Technologies Corp.*
				6.500%, 06/01/32			20,564
	50,000			ZoomInfo Technologies, LLC / ZoomInfo Finance Corp.*
				3.875%, 02/01/29			45,717
							723,082
				Materials (0.4)%
	25,000			ArcelorMittal, SA
				7.000%, 10/15/39			27,592
	27,000			ATI, Inc.
				5.875%, 12/01/27			26,838
	12,000			Carpenter Technology Corp.
				7.625%, 03/15/30			12,531
	45,000			Chemours Company*^
				4.625%, 11/15/29			39,460
	65,000			Clearwater Paper Corp.*
				4.750%, 08/15/28			61,505
	34,000			Cleveland-Cliffs, Inc.*
				6.750%, 04/15/30			34,314
				Commercial Metals Company
	22,000			4.125%, 01/15/30			20,397
	11,000			4.375%, 03/15/32			10,069
	23,000			HB Fuller Company
				4.250%, 10/15/28			21,499
	40,000			JW Aluminum Continuous Cast Company*
				10.250%, 06/01/26			40,090
	40,000			Kaiser Aluminum Corp.*
				4.625%, 03/01/28			37,568
				Mercer International, Inc.
	48,000			5.125%, 02/01/29^			40,722
	20,000			12.875%, 10/01/28*			21,460
	35,000			Owens-Brockway Glass Container, Inc.*
				7.250%, 05/15/31			34,662
	56,000			Silgan Holdings, Inc.
				4.125%, 02/01/28			53,467

See accompanying Notes to Schedule of Investments

6

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	21,000			Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc.*
				5.125%, 04/01/29		$	8,150
							490,324
				Other (0.0)%
				Gen Digital, Inc.*
	25,000			6.750%, 09/30/27			25,446
	15,000			7.125%, 09/30/30^			15,523
							40,969
				Real Estate (0.1)%
	34,000			EPR Properties
				3.750%, 08/15/29			31,122
				Forestar Group, Inc.*
	38,000			5.000%, 03/01/28			36,720
	21,000			3.850%, 05/15/26			20,313
	50,000			MIWD Holdco II, LLC / MIWD Finance Corp.*
				5.500%, 02/01/30			46,809
							134,964
				Special Purpose Acquisition Companies (0.1)%
	10,000			Clydesdale Acquisition Holdings, Inc.*
				6.875%, 01/15/30			9,981
				Fertitta Entertainment, LLC / Fertitta Entertainment Finance Company, Inc.*
	45,000			6.750%, 01/15/30			39,932
	23,000			4.625%, 01/15/29			21,516
	50,000			W.R. Grace Holding, LLC*
				7.375%, 03/01/31			51,389
							122,818
				Utilities (0.1)%
	17,000			AES Corp.‡
				7.600%, 01/15/55
				5 year CMT + 3.20%			17,273
	20,000			Entergy Corp.‡
				7.125%, 12/01/54
				5 year CMT + 2.67%			20,044
	17,000			NiSource, Inc.‡
				6.950%, 11/30/54
				5 year CMT + 2.45%			17,221
	16,000			PPL Capital Funding, Inc.‡
				8.261%, 03/30/67
				3 mo. USD LIBOR + 2.67%			15,949
				Vistra Corp.*‡
	20,000			7.000%, 12/15/26
				5 year CMT + 5.74%			20,121
	10,000			8.000%, 10/15/26
				5 year CMT + 6.93%			10,232
							100,840
				Total Corporate Bonds
				(Cost $14,426,774)			13,695,143
Convertible Bonds (35.1)%
				Communication Services (1.7)%
	44,000			Cable One, Inc.
				0.000%, 03/15/26			39,388
	580,000			Liberty Media Corp.-Liberty Formula One
				2.250%, 08/15/27			653,312
	1,271,000			Sea, Ltd.
				2.375%, 12/01/25			1,321,751
							2,014,451
				Consumer Discretionary (9.8)%
	2,809,500	EUR		Accor, SA
				0.700%, 12/07/27			1,495,236
	830,000			Alibaba Group Holding, Ltd.*
				0.500%, 06/01/31			834,565
	63,000			DISH Network Corp.
				0.000%, 12/15/25			46,280
	3,160,000			Ford Motor Company
				0.000%, 03/15/26			3,071,488
	730,000			IMAX Corp.
				0.500%, 04/01/26			728,299
	685,000			Marriott Vacations Worldwide Corp.
				0.000%, 01/15/26			630,132
	810,000			Meritage Homes Corp.*^
				1.750%, 05/15/28			896,832
				Rivian Automotive, Inc.
	525,000			4.625%, 03/15/29			578,981
	430,000			3.625%, 10/15/30*^			415,436
	2,110,000			Trip.com Group, Ltd.*
				0.750%, 06/15/29			1,973,293
	500,000	GBP		WH Smith, PLC
				1.625%, 05/07/26			602,087
							11,272,629
				Consumer Staples (2.5)%
	700,000	EUR		Fomento Economico Mexicano SAB de CV
				2.625%, 02/24/26			748,651
	955,000			Post Holdings, Inc.^
				2.500%, 08/15/27			1,087,535
	915,000	CAD		Premium Brands Holdings Corp.
				4.200%, 09/30/27			628,004
	413,000			Spectrum Brands, Inc.*
				3.375%, 06/01/29			400,895
							2,865,085
				Energy (1.7)%
	1,500,000	EUR		Eni S.p.A
				2.950%, 09/14/30			1,685,810
	400,000			Nabors Industries, Inc.
				1.750%, 06/15/29			335,528
							2,021,338
				Financials (0.7)%
	820,000			Global Payments, Inc.*^
				1.500%, 03/01/31			772,956
				Health Care (0.4)%
	410,000			Alnylam Pharmaceuticals, Inc.
				1.000%, 09/15/27			443,714
				Industrials (4.8)%
	474,000			Granite Construction, Inc.*
				3.250%, 06/15/30			522,201
	500,000	EUR		Rheinmetall, AG
				1.875%, 02/07/28			906,060

See accompanying Notes to Schedule of Investments

7

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	1,100,000	EUR		SPIE, SA
				2.000%, 01/17/28		$	1,417,856
	993,000			Tetra Tech, Inc.*^
				2.250%, 08/15/28			1,203,605
	1,314,000			Uber Technologies, Inc.*~
				0.875%, 12/01/28			1,468,894
							5,518,616
				Information Technology (9.7)%
	420,000			Alarm.com Holdings, Inc.*
				2.250%, 06/01/29			435,767
	835,000			Block, Inc.
				0.125%, 03/01/25			808,196
	1,700,000			Hon Hai Precision Industry Company, Ltd.
				0.000%, 08/05/26			1,996,735
	440,000			Itron, Inc.*
				1.375%, 07/15/30			448,087
	7,000,000	HKD		Kingsoft Corp, Ltd.
				0.625%, 04/29/25			913,512
	410,000			MKS Instruments, Inc.*
				1.250%, 06/01/30			432,665
	370,000			NCL Corp., Ltd.
				5.375%, 08/01/25			437,525
	946,000			OSI Systems, Inc.*
				2.250%, 08/01/29			946,265
	1,149,000			Parsons Corp.*
				2.625%, 03/01/29			1,319,121
	100,000,000	JPY		Rohm Company, Ltd.
				0.000%, 12/05/24			665,826
	1,135,000			Spotify USA, Inc.
				0.000%, 03/15/26			1,105,921
	667,000			Super Micro Computer, Inc.*
				0.000%, 03/01/29			632,683
	960,000			Xero Investments, Ltd.
				1.625%, 06/12/31			1,007,251
							11,149,554
				Materials (2.4)%
	315,000			Fortuna Mining Corp.*
				3.750%, 06/30/29			326,132
	1,000,000			Glencore Funding, LLC
				0.000%, 03/27/25			1,029,100
	600,000			LG Chem, Ltd.
				1.250%, 07/18/28			573,258
	476,000			Lithium Americas Corp.
				1.750%, 01/15/27			361,037
	60,000,000	JPY		Resonac Holdings Corp.
				0.000%, 12/29/28			430,075
							2,719,602
				Other (0.0)%
	20,000			Multiplan Corp.*
				6.000%, 10/15/27			14,146
				Real Estate (0.7)%
	800,000	EUR		ANLLIAN Capital, Ltd.
				0.000%, 02/05/25			847,869
				Utilities (0.7)%
	825,000			Southern Company*
				4.500%, 06/15/27			864,493
				Total Convertible Bonds
				(Cost $41,118,114)			40,504,453
Bank Loans (12.2)% ¡
				Airlines (0.6)%
	299,250			Air Canada‡
				7.847%, 03/21/31
				3 mo. SOFR + 2.50%			300,607
	434,650			United Airlines, Inc.‡
				8.033%, 02/22/31
				3 mo. SOFR + 2.75%			436,902
							737,509
				Communication Services (1.9)%
	250,000			APi Group DE, Inc.‡
				7.347%, 01/03/29
				1 mo. SOFR + 2.00%			251,004
	1,614			Audacy Capital Corp.‡
				11.458%, 08/19/24
				1 mo. SOFR + 6.00%			1,616
	250,000			Charter Communications Operating LLC‡
				7.082%, 02/01/27
				3 mo. SOFR + 1.75%			250,019
	24,936			Cincinnati Bell, Inc.‡
				8.694%, 11/22/28
				1 mo. SOFR + 3.25%			24,920
	79,791			CSC Holdings, LLC‡
				7.943%, 04/15/27
				1 mo. LIBOR + 2.50%			68,296
	43,000			Entercom Media Corp.‡ 11/18/24
				3 mo. SOFR + 0.00%			20,371
	250,000			Go Daddy Operating Company, LLC!
				0.000%, 11/09/29			250,827
	208,126			Go Daddy Operating Company, LLC‡
				7.344%, 11/09/29
				1 mo. SOFR + 2.00%			208,815
	35,000			Gray Television, Inc.‡
				10.593%, 06/04/29
				1 mo. SOFR + 5.25%			34,072
	250,000			Nexstar Broadcasting, Inc.!
				0.000%, 09/18/26			251,149
	500,000			SBA Senior Finance II, LLC!
				0.000%, 01/25/31			501,355
	45,000			TripAdvisor, Inc.‡
				8.094%, 07/08/31
				1 mo. SOFR + 2.75%			45,037
	250,000			Virgin Media Bristol, LLC
				7.943%, 01/31/28
				1 mo. SOFR + 2.50%			241,373
	45,000			Virgin Media Bristol, LLC!
				0.000%, 01/31/28			43,447
	19,947			Windstream Services, LLC‡
				11.694%, 09/21/27
				1 mo. SOFR + 6.25%			20,097
							2,212,398
				Consumer Discretionary (3.1)%
	500,000			1011778 B.C. Unlimited Liability Company!
				0.000%, 09/20/30			498,575
	250,000			Adient U.S., LLC!
				0.000%, 01/31/31			251,631
	249,375			Adient U.S., LLC‡
				8.094%, 01/31/31
				1 mo. SOFR + 2.75%			251,002

See accompanying Notes to Schedule of Investments

8

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	250,000			Aramark Services, Inc.!
				0.000%, 06/22/30		$	250,969
	267,448			Carnival Corp.‡
				8.094%, 08/08/27
				1 mo. SOFR + 2.75%			269,663
	248,750			Flutter Financing, BV‡
				7.585%, 11/29/30
				3 mo. SOFR + 2.25%			249,424
	249,375			Installed Building Products, Inc.‡
				7.344%, 03/28/31
				1 mo. SOFR + 2.00%			251,285
	33,000			Life Time Fitness, Inc.‡
				9.591%, 01/15/26
				3 mo. SOFR + 4.00%			33,206
	248,116			Light & Wonder International, Inc.‡
				7.585%, 04/14/29
				3 mo. SOFR + 2.25%			250,131
	247,442			Murphy USA, Inc.‡
				7.208%, 01/31/28
				1 mo. SOFR + 1.75%			248,641
	25,000			Peloton Interactive, Inc.‡
				11.346%, 05/23/29
				3 mo. SOFR + 6.00%			25,063
	250,000			PENN Entertainment, Inc.!
				0.000%, 05/03/29			251,284
	247,475			PENN Entertainment, Inc.‡
				8.194%, 05/03/29
				1 mo. SOFR + 2.75%			248,746
	250,000			Six Flags Entertainment Corp.!
				0.000%, 05/01/31			250,938
	299,250			Station Casinos, LLC‡
				7.594%, 03/14/31
				1 mo. SOFR + 2.25%			300,092
							3,630,650
				Consumer Staples (0.3)%
	98,750			Amneal Pharmaceuticals, LLC‡
				10.844%, 05/04/28
				1 mo. SOFR + 5.50%			99,819
	35,000			B&G Foods, Inc.!
				0.000%, 10/10/29			34,721
	248,790			Organon & Company‡
				7.835%, 05/19/31
				1 mo. SOFR + 2.50%			250,190
							384,730
				Energy (0.3)%
	248,125			ChampionX Corp.‡
				8.197%, 06/07/29
				1 mo. SOFR + 2.75%			249,521
	59,848			Par Petroleum, LLC‡
				9.064%, 02/28/30
				3 mo. SOFR + 3.75%			60,297
							309,818
				Financials (1.2)%
	54,913			Advisor Group, Inc.‡
				9.344%, 08/17/28
				1 mo. SOFR + 4.00%			54,175
	500,000			Avolon TLB Borrower 1 (US) LLC!
				0.000%, 06/22/28			502,200
	250,000			Iron Mountain, Inc.‡!
				0.000%, 01/31/31			249,610
	250,000			Jazz Financing Lux Sarl!
				0.000%, 05/05/28			250,714
	247,169			Jazz Financing Lux Sarl‡
				7.594%, 05/05/28
				1 mo. SOFR + 2.25%			247,875
	45,000			VFH Parent, LLC‡
				8.094%, 06/21/31
				1 mo. SOFR + 2.75%			45,098
							1,349,672
				Health Care (1.7)%
	174,753			Avantor Funding, Inc.‡
				7.444%, 11/08/27
				1 mo. SOFR + 2.00%			176,099
	250,000			DaVita, Inc.!
				0.000%, 05/09/31			250,029
	250,000			Elanco Animal Health, Inc.!
				0.000%, 08/01/27			250,005
	187,874			Elanco Animal Health, Inc.‡
				7.193%, 08/01/27
				1 mo. SOFR + 1.75%			187,878
	176,785			Icon Luxembourg Sarl‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			178,091
	77,800			IQVIA, Inc.!
				0.000%, 01/02/31			78,280
	500,000			Medline Borrower, LP!
				0.000%, 10/23/28			502,125
	248,106			Perrigo Investments, LLC‡
				7.694%, 04/20/29
				1 mo. SOFR + 2.25%			249,036
	44,046			PRA Health Sciences, Inc.‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			44,371
							1,915,914
				Industrials (1.6)%
	247,481			Beacon Roofing Supply, Inc.‡
				7.344%, 05/19/28
				1 mo. SOFR + 2.00%			248,814
	250,000			Emrld Borrower, LP!
				0.000%, 05/31/30			250,407
	247,481			JELD-WEN, Inc.‡
				7.458%, 07/28/28
				1 mo. SOFR + 2.00%			248,533
	45,000			MI Windows & Doors, LLC‡
				8.844%, 03/28/31
				1 mo. SOFR + 3.50%			45,201
	15,000			Reynolds Group Holdings, Inc.!
				0.000%, 09/24/28			15,048
	9,975			Reynolds Group Holdings, Inc.‡
				7.849%, 09/24/28
				1 mo. SOFR + 2.50%			10,007
	250,000			TransDigm, Inc.!
				0.000%, 08/24/28			250,965
	248,125			TransDigm, Inc.‡
				8.085%, 08/24/28
				3 mo. SOFR + 2.50%			249,083
	500,000			Uber Technologies, Inc.!
				0.000%, 03/03/30			503,202
							1,821,260
				Information Technology (1.0)%
	45,616			Banff Merger Sub, Inc.‡
				9.597%, 12/29/28
				1 mo. SOFR + 4.25%			45,475

See accompanying Notes to Schedule of Investments

9

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	232,264			II-VI, Inc.‡
				7.844%, 07/02/29
				1 mo. SOFR + 2.50%		$	233,251
	250,000			Open Text Corp.!
				0.000%, 01/31/30			251,615
	155,676			Open Text Corp.‡
				7.594%, 01/31/30
				1 mo. SOFR + 2.25%			156,681
	295,000			SS&C Technologies, Inc.!
				0.000%, 05/09/31			296,427
	158,400			TTM Technologies, Inc.‡
				8.093%, 05/30/30
				1 mo. SOFR + 2.75%			158,796
							1,142,245
			Materials (0.5)%
	262,126			Axalta Coating Systems U.S. Holdings, Inc.‡
				7.335%, 12/20/29
				3 mo. SOFR + 2.00%			263,436
	250,000			Axalta Coating Systems U.S. Holdings, Inc.!
				0.000%, 12/20/29			251,250
	29,775			Chemours Company‡
				8.844%, 08/18/28
				1 mo. SOFR + 3.50%			29,800
							544,486
			Total Bank Loans
			(Cost $14,054,840)				14,048,682
NUMBER OF SHARES						VALUE
Warrants (0.0%) #
			Energy (0.0%)
	2,607			Mcdermott International, Ltd.
				06/30/27, Strike $15.98			—
	2,347			Mcdermott International, Ltd.
				06/30/27, Strike $12.33			—
			Total Warrants
			(Cost $1,002)				—
Common Stocks (78.0%)
			Communication Services (5.7%)
	10,600			Alphabet, Inc. - Class Aµ			1,818,324
	925			Altice USA, Inc. - Class A^			1,933
	1,050			Baidu, Inc. (ADR)^#			92,999
	165	EUR		CTS Eventim, AG & Company KGaA			14,534
	310			Cumulus Media, Inc. - Class A#			620
	2,160	SEK		Hemnet Group, AB			80,031
	1,250			Meta Platforms, Inc. - Class Aµ			593,537
	1,110			Netflix, Inc.µ#			697,468
	288	EUR		Scout24, SE*			22,769
	3,335			Spotify Technology, SAµ#			1,147,040
	14,600	HKD		Tencent Holdings, Ltd.µ			673,738
	15,060			Tencent Holdings, Ltd. (ADR)^			693,513
	26,485	GBP		Trustpilot Group, PLC*#			70,990
	7,610			Walt Disney Company~µ			712,981
							6,620,477
			Consumer Discretionary (11.1%)
	67,100			ADT, Inc.			522,038
	37,500	HKD		Alibaba Group Holding, Ltd.µ			369,008
	1,745			Alibaba Group Holding, Ltd. (ADR)			137,593
	12,480			Amazon.com, Inc.^#			2,333,510
	5,635	INR		Amber Enterprises India, Ltd.#			291,965
	83,000	AED		Americana Restaurants International, PLC			69,878
	9,604			Aptiv, PLCµ#			666,422
	975	BRL		Arezzo Industria e Comercio, SA			8,386
	3,400	CNY		BYD Company, Ltd. - Class A			116,244
	5,700	CNY		China Tourism Group Duty Free Corp., Ltd. - Class A			54,160
	12,900			Chipotle Mexican Grill, Inc.µ#			700,728
	15,860			Coupang, Inc.µ#			329,095
	226,900	PHP		DigiPlus Interactive Corp.			65,533
	2,718	INR		Dixon Technologies India, Ltd.			394,011
	790	KRW		Hotel Shilla Company, Ltd.			28,836
	28,821	INR		Indian Hotels Company, Ltd.			221,497
	45,700	HKD		JD.com, Inc. - Class Aµ			602,582
	48,000	HKD		Jiumaojiu International Holdings, Ltd.*^			17,810
	7,260			Jumia Technologies, AG (ADR)#			87,701
	91,395	INR		Kalyan Jewellers India, Ltd.			634,557
	2,340	KRW		Kia Corp.			192,013
	33,500	HKD		Li Ning Company, Ltd.			62,398
	280	EUR		LVMH Moet Hennessy Louis Vuitton, SEµ			197,501
	8,310	INR		Mahindra & Mahindra, Ltd.			289,394
	28,670			MakeMyTrip, Ltd.^#			2,683,225
	4,780	HKD		Meituan - Class B*µ#			66,187
	120			MercadoLibre, Inc.µ#			200,268
	11,570			NIO, Inc. (ADR)#			51,371
	64,000	HKD		Sands China, Ltd.#			119,977
	38,700	JPY		Toyota Motor Corp.µ			743,456
	3,250	HKD		Yum China Holdings, Inc.			98,114
	23,000	HKD		Zhongsheng Group Holdings, Ltd.			35,886
	154,520	INR		Zomato, Ltd.#			425,487
							12,816,831
			Consumer Staples (4.3%)
	1,815	SEK		AAK, AB			52,230
	12,800	TRY		BIM Birlesik Magazalar, A/S			241,891
	20,850	GBP		British American Tobacco, PLCµ			739,779
	925	KRW		C&C International Corp.#			77,185
	1,500			Constellation Brands, Inc. - Class Aµ			367,740
	1,360			Costco Wholesale Corp.µ			1,117,920
	675	GBP		Cranswick, PLC			41,348
	211	INR		Gillette India, Ltd.			19,716
	700	CNY		Kweichow Moutai Company, Ltd. - Class A			137,618
	5,900	CHF		Nestle, SAµ			597,626
	20,332	BRL		Raia Drogasil, SA			99,213
	54,000	JPY		Seven & i Holdings Company, Ltd.µ			646,637
	26,000	HKD		Smoore International Holdings, Ltd.*			30,357
	600	JPY		Toyo Suisan Kaisha, Ltd.			40,288
	10,790	INR		Varun Beverages, Ltd.			204,146
	7,090			Walmart, Inc.µ			486,658
	4,354	GBP		Warpaint London, PLC			35,039
							4,935,391

See accompanying Notes to Schedule of Investments

10

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF SHARES						VALUE
			Energy (4.1%)
	11,650	GBP		BP, PLCµ		$	68,864
	45,000	CAD		Canadian Natural Resources, Ltd.µ			1,597,726
	13,425	CAD		CES Energy Solutions Corp.^			80,317
	180			Cheniere Energy Partners, LP			9,479
	8,810			Chevron Corp.			1,413,741
	3,045			Energy Transfer, LP			49,542
	1,815			Enterprise Products Partners, LP			52,381
	341			EP Energy Corp.#			597
	1			Gulfport Energy Corp.#			147
	11,400			Helmerich & Payne, Inc.^			460,788
	216,000	HKD		PetroChina Company, Ltd. - Class Hµ			187,569
	46,000	THB		PTT Exploration & Production, PCL			189,315
	9,900	INR		Reliance Industries, Ltd.			356,700
	13,450	EUR		Saipem S.p.A^#			31,952
	7,020			TechnipFMC, PLC			207,090
							4,706,208
			Financials (9.9%)
	24,840	INR		360 ONE WAM, Ltd.			337,135
	116,000	HKD		AIA Group, Ltd.µ			775,907
	3,000			Aon, PLC - Class Aµ			985,530
	49,400	BRL		B3, SA - Brasil Bolsa Balcao			94,762
	641,708	IDR		Bank Mandiri Persero, Tbk PT			253,083
	53,325			Bank of America Corp.~µ			2,149,531
	50,440	PHP		Bank of the Philippine Islands			104,811
	2,480			Chubb, Ltd.µ			683,637
	8,800	JPY		Concordia Financial Group, Ltd.^			55,462
	29,304	AED		First Abu Dhabi Bank, PJSC			104,037
	33,140	AUD		GQG Partners, Inc.			64,685
	1,510	AUD		HUB24, Ltd.			49,179
	35,025			Itau Unibanco Holding, SA (ADR)			210,851
	3,425			JPMorgan Chase & Company^			728,840
	42,800	THB		Kasikornbank PCL			158,496
	5,410	KRW		KB Financial Group, Inc.			349,735
	1,142,460	GBP		Lloyds Banking Group, PLCµ			872,782
	6,529	KRW		Meritz Financial Group, Inc.			402,420
	11,725			Morgan Stanleyµ			1,210,137
	51,000			NU Holdings, Ltd. - Class Aµ#			618,630
	48,500	HKD		Ping An Insurance Group Company of China, Ltd. - Class Hµ			210,617
	1,050	KRW		Samsung Fire & Marine Insurance Company, Ltd.			285,526
	10,945			Wells Fargo & Companyµ			649,476
							11,355,269
			Health Care (6.8%)
	2,230	INR		Apollo Hospitals Enterprise, Ltd.			176,099
	1,115	SEK		Biotage, AB			20,906
	475	SEK		Camurus, AB#			30,061
	1,250	KRW		Dentium Company, Ltd.			85,556
	2,855			Eli Lilly & Companyµ			2,296,191
	6,000	EUR		Gerresheimer, AG			620,324
	676	EUR		Guerbet			25,662
	1,310			Humana, Inc.µ			473,709
	4,510	BRL		Hypera, SA			22,964
	700	JPY		Jeol, Ltd.			28,184
	1,215			McKesson Corp.µ			749,679
	10,000	TRY		MLP Saglik Hizmetleri A/S*#			111,043
	20,129			Novo Nordisk, A/S (ADR)			2,669,709
	900	JPY		Shofu, Inc.			28,305
	770			UnitedHealth Group, Inc.µ			443,643
	200	CHF		Ypsomed Holding, AG			91,912
							7,873,947
			Industrials (8.4%)
	24,160	INR		Adani Ports & Special Economic Zone, Ltd.			455,238
	7,625	GBP		Ashtead Technology Holdings, PLC			85,182
	2,360	CAD		Bird Construction, Inc.^			44,255
	2,340	CNY		Contemporary Amperex Technology Company, Ltd. - Class A			60,289
	696	EUR		DO & CO, AG#			117,280
	2,000	JPY		Ebara Corp.			28,641
	2,900			General Electric Companyµ			493,580
	1,870	KRW		Hanwha Aerospace Company, Ltd.			392,374
	2,612	KRW		HD Hyundai Electric Company, Ltd.			591,073
	20,730	INR		Hindustan Aeronautics, Ltd.			1,220,956
	74,800	JPY		Hitachi, Ltd.µ			1,616,178
	17,720	PHP		International Container Terminal Services, Inc.			108,064
	2,300	JPY		Japan Elevator Service Holdings Company, Ltd.			42,443
	6,389	INR		KEI Industries, Ltd.			332,067
	700	JPY		Kyudenko Corp.			32,243
	77,520	GBP		Melrose Industries, PLC			587,005
	5,815	SEK		Munters Group, AB*			125,895
	8,700	CNY		Ningbo Orient Wires & Cables Company, Ltd. - Class A			61,522
	259,500	GBP		Rolls-Royce Holdings, PLCµ#			1,502,557
	44,100	CNY		Sany Heavy Industry Company, Ltd. - Class A			98,537
	14,700	CNY		Shanghai International Airport Company, Ltd. - Class A			70,320
	820	KRW		SK Square Company, Ltd.#			52,012
	316	CAD		Stantec, Inc.^			27,804
	15,910	INR		Titagarh Rail System, Ltd.			310,404
	615	SEK		Trelleborg, AB - Class B			22,855
	4,250			Waste Management, Inc.µ			861,305
	37,537	BRL		WEG, SA			336,205
							9,676,284
			Information Technology (24.1%)
	14,925			Apple, Inc.^µ			3,314,544
	11,855	TWD		Asia Vital Components Company, Ltd.			236,057
	2,290			ASML Holding, NVµ			2,145,043
	1,530	NOK		Crayon Group Holding, ASA*#			18,254
	310	CAD		Descartes Systems Group, Inc.^#			31,529
	4,100	CNY		Iflytek Company, Ltd. - Class A			22,610
	11,845			Infosys, Ltd. (ADR)			262,130
	12,745	TWD		Insyde Software Corp.			160,760
	4,950			International Business Machines Corp.µ			951,093
	2,500	JPY		Keyence Corp.µ			1,093,150
	73,000	HKD		Kingdee International Software Group Company, Ltd.#			58,500
	7,374	INR		KPIT Technologies, Ltd.			163,327
	9,830	TWD		MediaTek, Inc.			374,377
	600	JPY		Micronics Japan Company, Ltd.			23,842
	8,780			Microsoft Corp.^			3,673,113
	531	EUR		Nemetschek, SE			50,719
	42,950			NVIDIA Corp.^µ			5,026,009

See accompanying Notes to Schedule of Investments

11

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF SHARES						VALUE
	7,010	KRW		Samsung Electronics Company, Ltd.		$	432,252
	4,166	EUR		SAP, SEµ			880,777
	4,950	CAD		Shopify, Inc. - Class Aµ#			303,170
	14,249	KRW		SK Hynix, Inc.			2,043,641
	10,600	HKD		Sunny Optical Technology Group Company, Ltd.^			59,446
	427	EUR		SUSS MicroTec, SE			28,996
	187,420	TWD		Taiwan Semiconductor Manufacturing Company, Ltd.			5,467,283
	2,635	KRW		TechWing, Inc.			105,561
	8,300	BRL		TOTVS, SA			40,721
	700	JPY		Towa Corp.^			40,321
	15,520			Unity Software, Inc.^#			253,907
	24,000	CNY		Venustech Group, Inc. - Class A			51,332
	6,785	AUD		WiseTech Global, Ltd.µ			425,156
	1,178	SEK		Yubico, AB#			29,777
							27,767,397
			Materials (1.1%)
	2,165	JPY		Artience Company, Ltd.			45,781
	38,990			Cemex, SAB de CV (ADR)			250,316
	55,150	AED		Fertiglobe, PLC			37,239
	2,145	CAD		HudBay Minerals, Inc.^			17,898
	1,505			Linde, PLCµ			682,518
	1,400	JPY		Resonac Holdings Corp.^			34,756
	5,575	ZAR		Sasol, Ltd.			45,206
	1,206	EUR		SOL S.p.A^			45,096
	1,800	JPY		Sumitomo Bakelite Company, Ltd.			50,673
	5,250			Vale, SA (ADR)			56,963
							1,266,446
			Real Estate (2.1%)
	179,500	PHP		Ayala Land, Inc.			90,879
	27,090	INR		DLF, Ltd.			289,027
	79,195	INR		Macrotech Developers, Ltd.*			1,241,295
	6,300	JPY		Mirarth Holdings, Inc.			22,620
	31,170	INR		Prestige Estates Projects, Ltd.			678,948
	2,202	INR		Sobha, Ltd.			47,503
							2,370,272
			Utilities (0.4%)
	6,836			NextEra Energy, Inc.µ			522,202
			TOTAL COMMON STOCKS (Cost $91,055,108)				89,910,724
Preferred Stocks (0.0%)
			Communication Services (0.0%)
				United States Cellular Corp.
	530			5.500%, 06/01/70			10,812
	505			5.500%, 03/01/70			10,302
							21,114
			Consumer Discretionary (0.0%)
	305			Guitar Center, Inc.#			11,438

			Total Preferred Stocks
			(Cost $51,474)				32,552
Exchange-Traded Funds (7.2%)
			Other (7.2%)
	189,615			Invesco Senior Loan ETF^			3,981,915
	6,150			iShares MSCI Saudi Arabia ETF^			258,915
	95,750			SPDR Blackstone Senior Loan ETF^			3,997,562
			Total Exchange-Traded Funds
			(Cost $8,390,379)				8,238,392
Convertible Preferred Stocks (1.7%)
			Energy (0.0%)
	1			Gulfport Energy Corp.#
				10.000%, 09/03/24
				15.000% PIK rate			10,750
			Financials (1.4%)
	23,500			Apollo Global Management, Inc.
				6.750%, 07/31/26			1,598,000
			Utilities (0.3%)
	8,700			NextEra Energy, Inc.^
				6.926%, 09/01/25			384,192
			Total Convertible Preferred Stocks
			(Cost $1,837,3B30)				1,992,942

NUMBER OF CONTRACTS/ NOTIONAL AMOUNT						VALUE
Purchased Options (1.8%) #
			Communication Services (0.0%)
	447			Tencent Music Entertainment Group
	2,058,435			Call, 10/18/24, Strike $15.00			39,113
			Health Care (0.1%)
	135			Boston Scientific Corp.
	997,380			Call, 11/15/24, Strike $70.00			89,775
			Industrials (0.1%)
	75	EUR		Schneider Electric, SE
	1,670,376			Call, 12/20/24, Strike 220.00			147,971
			Information Technology (0.4%)
	56			Cadence Design Systems, Inc.
	1,498,896			Call, 01/17/25, Strike $335.00			29,400
	167			NVIDIA Corp.
	1,954,234			Put, 01/17/25, Strike $120.00			286,405
	45			QUALCOMM, Inc.
	814,275			Call, 01/17/25, Strike $185.00			84,150
							399,955
			Other (1.2%)
				Invesco QQQ Trust Series 1
	565
	26,615,455			Put, 01/17/25, Strike $430.00			557,655
	190
	8,950,330			Put, 12/20/24, Strike $344.78			27,265

See accompanying Notes to Schedule of Investments

12

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF CONTRACTS/ NOTIONAL AMOUNT						VALUE
	538			iShares Russell 2000 ETF
	4,214,692			Call, 11/15/24, Strike $175.00		$	443,850
				SPDR S&P 500 ETF Trust
	505
	27,815,905			Put, 01/17/25, Strike $490.00			298,202
	160
	8,812,960			Put, 12/20/24, Strike $410.00			23,440
							1,350,412
			Total Purchased Options
			(Cost $2,583,882)				2,027,226
TOTAL INVESTMENTS (147.9%)
(Cost $173,518,903)							170,450,114
MANDATORY REDEEMABLE PREFERRED SHARES, AT LIQUIDATION VALUE (-14.8%)							(17,000,000	)
LIABILITIES, LESS OTHER ASSETS (-33.1%)							(38,205,385	)
NET ASSETS (100.0%)						$	115,244,729
Written Options (-0.1%) #
			Energy (0.0%)
	(114	)		Helmerich & Payne, Inc.
	(460,788	)		Call, 12/20/24, Strike $55.00
							(3,705	)
			Financials (-0.1%)
	(30	)		Aon, PLC
	(985,530	)		Call, 12/20/24, Strike $330.00			(53,850	)
	(418	)		Bank of America Corp.
	(1,684,958	)		Call, 11/15/24, Strike $45.00			(27,170	)
	(117	)		Morgan Stanley
	(1,207,557	)		Call, 09/20/24, Strike $100.00			(68,152	)
							(149,172	)
			Information Technology (0.0%)
	(49	)  CAD		Shopify, Inc.
	(414,344	)		Call, 12/20/24, Strike 120.00			(5,643	)
			Total Written Options
			(Premium $67,189)				(158,520	)

NOTES TO SCHEDULE OF INVESTMENTS
*		Securities issued and sold pursuant to a Rule 144A transaction are exempted from the registration requirement of the Securities Act of 1933, as amended. These securities may only be sold to qualified institutional buyers (“QIBs”), such as the Fund. Any resale of these securities must generally be effected through a sale that is registered under the Act or otherwise exempted from such registration requirements.
@		In default status and considered non-income producing.
^		Security, or portion of security, is on loan.
‡		Variable rate security. The rate shown is the rate in effect at July 31, 2024.
‡‡		Perpetual maturity.
~		Security, or portion of security, is segregated as collateral (or collateral for potential future transactions) for written options. The aggregate value of such securities is $1,497,633.
¡		Bank loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown.
!		This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.
µ		Security, or portion of security, is held in a segregated account as collateral for note payable aggregating a total value of $38,260,064.
#		Non-income producing security.
FOREIGN CURRENCY ABBREVIATIONS
AED		UAE Dirham
AUD		Australian Dollar
BRL		Brazilian Real
CAD		Canadian Dollar
CHF		Swiss Franc
CNY		Chinese Yuan Renminbi
EUR		European Monetary Unit
GBP		British Pound Sterling
HKD		Hong Kong Dollar
IDR		Indonesian Rupiah
INR		Indian Rupee
JPY		Japanese Yen
KRW		South Korean Won
NOK		Norwegian Krone
PHP		Philippine Peso
SEK		Swedish Krona
THB		Thai Baht
TRY		Turkish Lira
TWD		New Taiwan Dollar
ZAR		South African Rand
ABBREVIATION
ADR		American Depositary Receipt
Note: Value for securities denominated in foreign currencies is shown in U.S. dollars. The principal amount for such securities is shown in the respective foreign currency. The date on options represents the expiration date of the option contract. The option contract may be exercised at any date on or before the date shown.

See accompanying Notes to Schedule of Investments

13

Calamos Global Total Return Fund

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

The following table summarizes the Fund's investments and derivative financial instruments categorized in the fair value hierarchy as of July 31, 2024 (see Note 2):

		LEVEL 1				LEVEL 2				LEVEL 3				TOTAL
Assets:
Corporate Bonds		$	—			$	13,695,143			$	—			$	13,695,143
Convertible Bonds			—				40,504,453				—				40,504,453
Bank Loans			—				14,048,682				—				14,048,682
Common Stocks			53,450,041				36,460,683				—				89,910,724
Preferred Stocks			21,114				11,438				—				32,552
Exchange-Traded Funds			8,238,392				—				—				8,238,392
Convertible Preferred Stocks			1,982,192				10,750				—				1,992,942
Purchased Options			2,027,226				—				—				2,027,226
Total		$	65,718,965			$	104,731,149			$	—			$	170,450,114
Liabilities:
Written Options		$	158,520			$	—			$	—			$	158,520
Total		$	158,520			$	—			$	—			$	158,520

CURRENCY EXPOSURE JULY 31, 2024  

		Value				% of Total Investments
US Dollar		$	119,896,291				70.4	%
European Monetary Unit			9,285,063				5.5	%
Indian Rupee			8,089,472				4.8	%
New Taiwan Dollar			6,238,477				3.7	%
Japanese Yen			5,668,881				3.3	%
South Korean Won			5,038,184				3.0	%
British Pound Sterling			4,605,633				2.7	%
Hong Kong Dollar			4,281,608				2.5	%
Canadian Dollar			2,725,060				1.6	%
Swiss Franc			689,538				0.4	%
Chinese Yuan Renminbi			672,632				0.4	%
Brazilian Real			602,251				0.4	%
Australian Dollar			539,020				0.3	%
Philippine Peso			369,287				0.2	%
Swedish Krona			361,755				0.2	%
Turkish Lira			352,934				0.2	%
Thai Baht			347,811				0.2	%
Indonesian Rupiah			253,083				0.1	%
UAE Dirham			211,154				0.1	%
South African Rand			45,206				—	%
Norwegian Krone			18,254				—	%
Total Investments Net of Written Options		$	170,291,594				100.0	%

Currency exposure may vary over time.                

See accompanying Notes to Schedule of Investments

14

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
Asset Backed Security (0.0%)
				Other (0.0%)
	145,000			SVC ABS, LLC Series 2023-1A, Class C*
				6.700%, 02/20/53
				(Cost $135,330)		$	136,243
Corporate Bonds (32.5%)
				Airlines (0.2%)
	163,269			Alaska Airlines Pass Through Trust Series 2020-1, Class A*~
				4.800%, 02/15/29			160,420
	65,527			Alaska Airlines Pass Through Trust Series 2020-1, Class B*
				8.000%, 02/15/27			66,396
	183,680			American Airlines Pass Through Trust Series 2021-1, Class Bµ
				3.950%, 01/11/32			170,040
	84,000			American Airlines, Inc. / AAdvantage Loyalty IP, Ltd.*~
				5.500%, 04/20/26			83,496
	170,708			British Airways Pass Through Trust Series 2021-1, Class B*
				3.900%, 03/15/33			158,859
	132,676			JetBlue Pass Through Trust Series 2020-1, Class B
				7.750%, 05/15/30			136,995
							776,206
				Communication Services (1.9%)
	200,000			Altice France Holding, SA*
				10.500%, 05/15/27			76,028
	225,000			Altice France, SA*
				5.500%, 10/15/29			158,539
	225,000			APi Group DE, Inc.*
				4.750%, 10/15/29			214,220
	200,000			Ashtead Capital, Inc.*~
				2.450%, 08/12/31			166,416
				Audacy Capital Corp.*@
	231,000			6.750%, 03/31/29			9,568
	91,000			6.500%, 05/01/27			4,043
	162,000			Cincinnati Bell Telephone Company, LLC
				6.300%, 12/01/28			152,747
				Clear Channel Outdoor Holdings, Inc.*
	90,000			7.875%, 04/01/30			91,696
	85,000			9.000%, 09/15/28			90,418
	262,000			Consolidated Communications, Inc.*~
				6.500%, 10/01/28			236,895
				CSC Holdings, LLC*
	215,000			4.500%, 11/15/31			148,245
	200,000			5.750%, 01/15/30			80,864
	200,000			4.625%, 12/01/30			79,940
	99,000			Directv Financing, LLC / Directv Financing Co-Obligor, Inc.*~
				5.875%, 08/15/27			95,425
	195,000			Frontier California, Inc.
				6.750%, 05/15/27			190,759
	48,000			Frontier Communications Holdings, LLC*
				8.750%, 05/15/30			50,331
	292,000			Frontier Florida, LLC
				6.860%, 02/01/28			297,300
	280,000			Frontier North, Inc.
				6.730%, 02/15/28			278,354
	165,000			Go Daddy Operating Company, LLC / GD Finance Company, Inc.*~
				3.500%, 03/01/29			150,186
	100,000			Gray Television, Inc.*
				5.375%, 11/15/31			64,687
	45,000			Hughes Satellite Systems Corp.
				6.625%, 08/01/26			21,164
				iHeartCommunications, Inc.~
	115,000			8.375%, 05/01/27			47,012
	70,000			5.250%, 08/15/27*			45,893
	200,000			LCPR Senior Secured Financing DAC*
				6.750%, 10/15/27			186,818
	151,589			Ligado Networks, LLC*
				15.500%, 11/01/23			24,506
				Lumen Technologies, Inc.
	135,000			7.600%, 09/15/39			58,031
	90,000			4.000%, 02/15/27*			57,755
	45,000			7.650%, 03/15/42			18,679
	95,000			Match Group Holdings II, LLC*~
				3.625%, 10/01/31			82,185
				Paramount Global~
	711,000			6.375%, 03/30/62‡
				5 year CMT + 4.00%			654,788
	180,000			4.900%, 08/15/44			131,668
	63,000			Qwest Corp.
				7.250%, 09/15/25			62,583
	535,000			Rogers Communications, Inc.*~‡
				5.250%, 03/15/82
				5 year CMT + 3.59%			518,410
				Scripps Escrow II, Inc.*
	95,000			3.875%, 01/15/29~			61,954
	48,000			5.375%, 01/15/31			23,378
	195,000			Scripps Escrow, Inc.*^
				5.875%, 07/15/27			135,736
				Sirius XM Radio, Inc.*~
	233,000			3.875%, 09/01/31			194,774
	195,000			5.500%, 07/01/29			186,687
	90,000			3.125%, 09/01/26			85,696
	175,000			Spanish Broadcasting System, Inc.*
				9.750%, 03/01/26			105,038
	210,000			Stagwell Global, LLC*~
				5.625%, 08/15/29			198,131
	100,000			Telesat Canada / Telesat, LLC*
				4.875%, 06/01/27			45,756
				Time Warner Cable, LLC
	145,000			6.550%, 05/01/37			141,923
	70,000			7.300%, 07/01/38~			72,918
	182,000			United States Cellular Corp.
				6.700%, 12/15/33			195,093
	135,000			Univision Communications, Inc.*~
				8.000%, 08/15/28			135,814
	90,000			Viasat, Inc.*
				5.625%, 04/15/27			84,622

See accompanying Notes to Schedule of Investments

1 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	265,000			Vodafone Group, PLC~‡
				7.000%, 04/04/79
				U.S. 5 yr Swap + 4.87%		$	274,135
							6,487,808
				Consumer Discretionary (3.9%)
	280,000			Adams Homes, Inc.*
				9.250%, 10/15/28			290,814
	140,000			Adient Global Holdings Company*~
				8.250%, 04/15/31			147,326
	160,000			American Axle & Manufacturing, Inc.~
				5.000%, 10/01/29			146,696
				Ashton Woods USA, LLC / Ashton Woods Finance Company*
	167,000			4.625%, 08/01/29			154,331
	52,000			6.625%, 01/15/28			52,329
	217,000			At Home Group, Inc.*
				4.875%, 07/15/28			82,616
				Bath & Body Works, Inc.
	254,000			6.694%, 01/15/27			258,859
	145,000			6.875%, 11/01/35~			147,201
	200,000			Benteler International AG*~
				10.500%, 05/15/28			213,708
				Caesars Entertainment, Inc.*~
	118,000			4.625%, 10/15/29			109,739
	93,000			8.125%, 07/01/27			95,016
				Carnival Corp.*~
	92,000			7.625%, 03/01/26			92,985
	89,000			4.000%, 08/01/28			84,294
	12,000			7.000%, 08/15/29			12,537
				Carvana Company*
	41,487			14.000%, 06/01/31			48,405
	34,954			13.000%, 06/01/30			38,571
	23,202			12.000%, 12/01/28			25,087
				CCO Holdings, LLC / CCO Holdings Capital Corp.*~
	750,000			4.750%, 03/01/30			671,700
	250,000			4.500%, 08/15/30			218,997
	220,000			6.375%, 09/01/29			214,306
	186,000			4.250%, 02/01/31			158,450
	96,000			4.750%, 02/01/32			82,343
	96,000			CDI Escrow Issuer, Inc.*~
				5.750%, 04/01/30			94,162
	115,000			Cedar Fair, LP / Canada's Wonderland Company / Magnum Management Corp. / Millennium Op
				5.250%, 07/15/29			112,086
	92,000			Churchill Downs, Inc.*
				6.750%, 05/01/31			93,421
				Dana, Inc.
	155,000			4.250%, 09/01/30			137,062
	140,000			4.500%, 02/15/32			122,524
				DISH DBS Corp.
	190,000			5.125%, 06/01/29			80,313
	140,000			5.250%, 12/01/26*			116,630
	120,000			7.375%, 07/01/28			55,694
	115,000			7.750%, 07/01/26			74,151
	90,000			5.750%, 12/01/28*			66,272
	186,000			DISH Network Corp.*
				11.750%, 11/15/27			186,264
	200,000			Empire Resorts, Inc.*
				7.750%, 11/01/26			193,238
	204,000			Everi Holdings, Inc.*
				5.000%, 07/15/29			202,158
	190,000			Ford Motor Company~
				6.100%, 08/19/32			192,466
				Ford Motor Credit Company, LLC~
	300,000			4.000%, 11/13/30			272,817
	270,000			5.113%, 05/03/29			264,441
	235,000			7.200%, 06/10/30			251,156
	200,000			7.350%, 11/04/27			210,754
	71,000			Gap, Inc.*~
				3.875%, 10/01/31			59,791
	90,000			General Motors Company~
				5.200%, 04/01/45			81,068
				General Motors Financial Company, Inc.‡
	690,000			5.700%, 09/30/30~
				5 year CMT + 5.00%			655,921
	395,000			6.500%, 09/30/28
				3 mo. USD LIBOR + 3.44%			389,134
				goeasy, Ltd.*
	315,000			9.250%, 12/01/28			337,960
	161,000			7.625%, 07/01/29			165,051
				Goodyear Tire & Rubber Company^
	180,000			5.625%, 04/30/33			165,895
	100,000			5.250%, 07/15/31			93,625
				Group 1 Automotive, Inc.*
	115,000			6.375%, 01/15/30			116,194
	79,000			4.000%, 08/15/28~			73,695
	98,000			Guitar Center, Inc.*
				8.500%, 01/15/26			87,631
	239,700			Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.*
				11.000%, 04/15/29			228,827
	44,931			JetBlue Pass Through Trust Series 2019-2, Class B
				8.000%, 11/15/27			45,947
	205,000			Kohl's Corp.
				5.550%, 07/17/45			136,241
	185,000			LCM Investments Holdings II, LLC*~
				8.250%, 08/01/31			194,058
	190,000			Liberty Interactive, LLC
				8.250%, 02/01/30			98,192
	179,000			Life Time, Inc.*
				8.000%, 04/15/26			181,800
	90,000			Light & Wonder International, Inc.*~
				7.500%, 09/01/31			93,929
	70,000			Lindblad Expeditions Holdings, Inc.*
				9.000%, 05/15/28			72,928
	123,000			Lindblad Expeditions, LLC*
				6.750%, 02/15/27			123,116
	125,000			M/I Homes, Inc.
				3.950%, 02/15/30			114,055
				Macy's Retail Holdings, LLC
	230,000			6.700%, 07/15/34*			202,865
	135,000			4.300%, 02/15/43			97,131
	92,000			MGM Resorts International
				6.500%, 04/15/32			92,391
	242,000			Midwest Gaming Borrower, LLC / Midwest Gaming Finance Corp.*~
				4.875%, 05/01/29			228,719

See accompanying Notes to Schedule of Investments

2 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	110,000			Newell Brands, Inc.~
				5.700%, 04/01/26		$	109,854
				Nordstrom, Inc.
	90,000			6.950%, 03/15/28			92,236
	90,000			5.000%, 01/15/44~			71,903
	86,000			4.250%, 08/01/31			76,715
	285,000			Patrick Industries, Inc.*
				4.750%, 05/01/29			266,452
	215,000			PENN Entertainment, Inc.*
				4.125%, 07/01/29			190,402
	90,000			Phinia, Inc.*
				6.750%, 04/15/29			91,936
	265,000			Premier Entertainment Sub, LLC / Premier Entertainment Finance Corp.*~
				5.625%, 09/01/29			198,464
	95,000			QVC, Inc.
				5.450%, 08/15/34			60,569
	90,000			Raising Cane's Restaurants, LLC*~
				9.375%, 05/01/29			97,288
	383,000			Rite Aid Corp.*@
				8.000%, 11/15/26			169,738
				Royal Caribbean Cruises, Ltd.*
	92,000			7.250%, 01/15/30~			96,521
	23,000			6.250%, 03/15/32			23,447
	270,000			Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed*~
				4.625%, 03/01/29			244,358
	275,000			Six Flags Entertainment Corp.*~
				7.250%, 05/15/31			283,319
	117,000			Sonic Automotive, Inc.*
				4.625%, 11/15/29			107,120
	147,000			Speedway Motorsports, LLC / Speedway Funding II, Inc.*
				4.875%, 11/01/27			141,868
	190,000			Station Casinos, LLC*~
				4.500%, 02/15/28			180,726
	185,000			STL Holding Company, LLC*
				8.750%, 02/15/29			192,851
	107,000			Taylor Morrison Communities, Inc.*
				5.750%, 01/15/28			107,182
	45,000			Viking Cruises, Ltd.*
				9.125%, 07/15/31			49,113
	220,000			Vista Outdoor, Inc.*
				4.500%, 03/15/29			219,540
	175,000			ZF North America Capital, Inc.*~
				7.125%, 04/14/30			181,890
							13,461,575
				Consumer Staples (0.9%)
	290,000			Arrow Bidco, LLC*
				10.750%, 06/15/25			294,881
	45,000			B&G Foods, Inc.*
				8.000%, 09/15/28			45,941
				Brink's Company*
	100,000			6.500%, 06/15/29			102,017
	46,000			6.750%, 06/15/32			46,932
	218,000			Central Garden & Pet Company*
				4.125%, 04/30/31			194,214
	213,000			Edgewell Personal Care Company*~
				4.125%, 04/01/29			198,350
				Energizer Holdings, Inc.*
	263,000			4.375%, 03/31/29~			242,993
	48,000			6.500%, 12/31/27			48,320
				JBS USA LUX, SA / JBS USA Food Company / JBS USA Finance, Inc.
	180,000			5.500%, 01/15/30~			180,284
	120,000			5.125%, 02/01/28µ			120,100
	51,000			5.750%, 04/01/33µ			51,450
	655,000			Land O' Lakes, Inc.*
				7.000%, 09/18/28			514,326
	191,000			Performance Food Group, Inc.*~
				4.250%, 08/01/29			177,057
	140,000			Pilgrim's Pride Corp.~
				4.250%, 04/15/31			130,220
	92,000			Post Holdings, Inc.*~
				6.250%, 02/15/32			93,370
	182,000			Prestige Brands, Inc.*~
				3.750%, 04/01/31			160,733
	95,000			RR Donnelley & Sons Company*
				9.500%, 08/01/29			95,665
	155,000			United Natural Foods, Inc.*~
				6.750%, 10/15/28			141,909
	203,000			Vector Group, Ltd.*~
				5.750%, 02/01/29			195,158
							3,033,920
				Energy (3.7%)
	192,000			Apache Corp.~
				5.100%, 09/01/40			168,651
				Buckeye Partners, LP
	139,000			6.875%, 07/01/29*			141,280
	135,000			5.850%, 11/15/43			120,524
	96,000			Cheniere Energy, Inc.~
				4.625%, 10/15/28			94,200
	139,000			Chesapeake Energy Corp.*~
				6.750%, 04/15/29			140,690
	256,000			Civitas Resources, Inc.*~
				8.750%, 07/01/31			275,748
				Continental Resources, Inc.
	90,000			4.900%, 06/01/44			76,071
	90,000			2.875%, 04/01/32*µ			74,794
	150,000			DT Midstream, Inc.*~
				4.125%, 06/15/29			140,384
				Earthstone Energy Holdings, LLC*~
	181,000			8.000%, 04/15/27			186,805
	70,000			9.875%, 07/15/31			78,022
				Enbridge, Inc.‡
	920,000			5.750%, 07/15/80~
				5 year CMT + 5.31%			873,614
	739,000			7.375%, 01/15/83~
				5 year CMT + 3.71%			745,584
	430,000			7.200%, 06/27/54µ
				5 year CMT + 2.97%			439,464
	90,000			7.375%, 03/15/55µ
				5 year CMT + 3.12%			91,285
	185,000			Encino Acquisition Partners Holdings, LLC*
				8.750%, 05/01/31			194,528
				Energy Transfer, LP‡
	435,000			6.500%, 11/15/26
				5 year CMT + 5.69%			432,995
	345,000			8.000%, 05/15/54
				5 year CMT + 4.02%			367,566

See accompanying Notes to Schedule of Investments

3 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	125,000			8.527%, 11/01/66~
				3 mo. SOFR + 3.28%		$	121,455
				EnLink Midstream Partners, LP
	835,000			9.711%, 09/03/24‡
				3 mo. SOFR + 4.37%			829,138
	205,000			4.850%, 07/15/26			202,774
	113,000			EnLink Midstream, LLC*~
				6.500%, 09/01/30			117,945
				Enterprise Products Operating, LLCµ‡
	205,000			5.250%, 08/16/77~
				3 mo. SOFR + 3.29%			198,424
	185,000			8.574%, 08/16/77
				3 mo. SOFR + 3.25%			184,800
				EQM Midstream Partners, LP*
	310,000			7.500%, 06/01/27			318,965
	90,000			6.375%, 04/01/29~			91,952
				Genesis Energy, LP / Genesis Energy Finance Corp.
	196,000			8.875%, 04/15/30~			207,742
	85,000			7.875%, 05/15/32			86,835
	255,000			Gulfport Energy Corp.*~
				8.000%, 05/17/26			258,759
	265,000			Hilcorp Energy I, LP / Hilcorp Finance Company*~
				6.000%, 04/15/30			259,586
	92,000			Howard Midstream Energy Partners, LLC*
				7.375%, 07/15/32			94,840
	185,000			Kodiak Gas Services, LLC*~
				7.250%, 02/15/29			190,602
	186,000			Magnolia Oil & Gas Operating, LLC / Magnolia Oil & Gas Finance Corp.*
				6.000%, 08/01/26			185,777
	180,000			Matador Resources Company*
				6.500%, 04/15/32			181,051
				Moss Creek Resources Holdings, Inc.*
	75,000			7.500%, 01/15/26~			75,146
	70,000			10.500%, 05/15/27			71,820
				Nabors Industries, Inc.*~
	135,000			7.375%, 05/15/27			137,608
	70,000			9.125%, 01/31/30			74,962
	135,000			Nabors Industries, Ltd.*^
				7.500%, 01/15/28			132,829
	117,000			New Fortress Energy, Inc.*
				6.750%, 09/15/25			115,067
	192,000			Oceaneering International, Inc.
				6.000%, 02/01/28			190,472
	200,000			Parkland Corp.*~
				5.875%, 07/15/27			199,810
	99,000			Patterson-UTI Energy, Inc.µ
				5.150%, 11/15/29			98,062
				Permian Resources Operating, LLC*
	48,000			6.250%, 02/01/33			48,009
	46,000			7.000%, 01/15/32			47,629
	750,000			Plains All American Pipeline, LP‡
				9.694%, 09/03/24
				3 mo. SOFR + 4.37%			750,900
	265,000			Rockcliff Energy II, LLC*~
				5.500%, 10/15/29			251,604
	98,000			Southwestern Energy Company~
				4.750%, 02/01/32			91,681
	185,000			Summit Midstream Holdings, LLC*
				8.625%, 10/31/29			189,196
				Transocean, Inc.*
	180,000			8.250%, 05/15/29			183,919
	162,000			8.750%, 02/15/30			170,662
				Venture Global Calcasieu Pass, LLC*~
	115,000			6.250%, 01/15/30			118,367
	45,000			4.125%, 08/15/31			40,966
	45,000			3.875%, 08/15/29			41,704
				Venture Global LNG, Inc.*
	230,000			8.375%, 06/01/31~			241,721
	140,000			8.125%, 06/01/28~			145,758
	100,000			7.000%, 01/15/30			101,194
	90,000			9.875%, 02/01/32~			99,938
	90,000			9.500%, 02/01/29~			100,135
				Vital Energy, Inc.
	115,000			7.750%, 07/31/29*			116,469
	97,000			7.875%, 04/15/32*			98,783
	72,000			9.750%, 10/15/30			78,865
	280,000			VOC Escrow, Ltd.*~
				5.000%, 02/15/28			273,456
	235,000			Weatherford International, Ltd.*~
				8.625%, 04/30/30			244,795
							12,704,377
				Financials (13.5%)
	285,000			Acrisure, LLC / Acrisure Finance, Inc.*~
				8.250%, 02/01/29			290,284
	286,000			Aethon United BR, LP / Aethon United Finance Corp.*~
				8.250%, 02/15/26			290,087
	605,000			Aircastle, Ltd.*‡
				5.250%, 06/15/26
				5 year CMT + 4.41%			591,121
	315,000			Alliant Holdings Intermediate, LLC / Alliant Holdings Co-Issuer*
				6.750%, 10/15/27			312,987
	360,000			Allstate Corp.‡
				8.522%, 08/15/53
				3 mo. SOFR + 3.20%			360,943
				Ally Financial, Inc.‡
	1,126,000			4.700%, 05/15/26
				5 year CMT + 3.87%			1,029,198
	740,000			4.700%, 05/15/28
				7 year CMT + 3.48%			616,561
	525,000			American International Group, Inc.~‡
				5.750%, 04/01/48
				3 mo. USD LIBOR + 2.87%			519,624
	379,000			AmWINS Group, Inc.*
				4.875%, 06/30/29			357,624
	1,025,000			Ares Finance Company III, LLC*µ‡
				4.125%, 06/30/51
				5 year CMT + 3.24%			965,673
	141,000			Aviation Capital Group, LLC*~
				3.500%, 11/01/27			133,922
	835,000			AXIS Specialty Finance, LLCµ‡
				4.900%, 01/15/40
				5 year CMT + 3.19%			780,124
	185,000			Baldwin Insurance Group Holdings, LLC / Baldwin Insurance Group Holdings Finance*
				7.125%, 05/15/31			190,935

See accompanying Notes to Schedule of Investments

4 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
				Bank of America Corp.‡
	991,000			6.125%, 04/27/27~
				5 year CMT + 3.23%		$	994,052
	700,000			4.300%, 01/28/25~
				3 mo. SOFR + 2.93%			687,379
	330,000			6.100%, 03/17/25µ
				3 mo. SOFR + 4.16%			329,551
	160,000			6.250%, 09/05/24µ
				3 mo. SOFR + 3.97%			160,040
	1,560,000			Bank of New York Mellon Corp.~‡
				4.700%, 09/20/25
				5 year CMT + 4.36%			1,537,630
				BP Capital Markets, PLCµ‡
	675,000			4.375%, 06/22/25
				5 year CMT + 4.04%			664,801
	480,000			4.875%, 03/22/30
				5 year CMT + 4.40%			456,288
	92,000			Brandywine Operating Partnership, LP
				8.875%, 04/12/29			98,052
	285,000			BroadStreet Partners, Inc.*~
				5.875%, 04/15/29			275,068
	215,000			Brookfield Property REIT, Inc. / BPR Cumulus, LLC / BPR Nimbus, LLC / GGSI Sellco, LLC*
				4.500%, 04/01/27			203,736
	200,000			Burford Capital Global Financial, LLC*
				6.875%, 04/15/30			198,096
	1,028,000			Capital One Financial Corp.~‡
				3.950%, 09/01/26
				5 year CMT + 3.16%			949,800
				Charles Schwab Corp.~‡
	675,000			5.375%, 06/01/25
				5 year CMT + 4.97%			669,519
	338,000			4.000%, 12/01/30
				10 year CMT + 3.08%			285,793
	170,000			4.000%, 06/01/26
				5 year CMT + 3.17%			158,896
				Citigroup, Inc.‡
	956,000			3.875%, 02/18/26
				5 year CMT + 3.42%			907,980
	360,000			4.000%, 12/10/25
				5 year CMT + 3.60%			345,485
	350,000			7.625%, 11/15/28
				5 year CMT + 3.21%			364,371
	345,000			7.200%, 05/15/29
				5 year CMT + 2.91%			354,277
	340,000			7.000%, 08/15/34
				10 year CMT + 2.76%			345,396
	335,000			5.950%, 05/15/25
				3 mo. SOFR + 4.17%			332,977
				Citizens Financial Group, Inc.‡
	995,000			4.000%, 10/06/26
				5 year CMT + 3.22%			902,206
	365,000			5.650%, 10/06/25
				5 year CMT + 5.31%			359,105
	710,000			Comerica, Inc.‡
				5.625%, 07/01/25
				5 year CMT + 5.29%			695,516
	365,000			Corebridge Financial, Inc.µ‡
				6.875%, 12/15/52
				5 year CMT + 3.85%			370,924
				Credit Acceptance Corp.
	175,000			6.625%, 03/15/26			175,156
	125,000			9.250%, 12/15/28*~			133,732
	180,000			Cushman & Wakefield U.S. Borrower LLC*
				8.875%, 09/01/31			194,092
	500,000			Depository Trust & Clearing Corp.*µ‡
				3.375%, 06/20/26
				5 year CMT + 2.61%			468,405
				Discover Financial Services‡
	650,000			5.500%, 10/30/27
				3 mo. SOFR + 3.34%			588,100
	480,000			6.125%, 06/23/25~
				5 year CMT + 5.78%			478,090
	765,000			Enstar Finance, LLC~µ‡
				5.500%, 01/15/42
				5 year CMT + 4.01%			684,927
	1,295,000			Fifth Third Bancorp‡
				4.500%, 09/30/25
				5 year CMT + 4.22%			1,259,685
	160,000			First Citizens BancShares, Inc.‡
				9.573%, 01/04/27
				3 mo. SOFR + 4.23%			162,685
	210,000			GGAM Finance, Ltd.*~
				8.000%, 02/15/27			217,356
	283,000			Global Net Lease, Inc. / Global Net Lease Operating Partnership, LP*~
				3.750%, 12/15/27			256,115
				Goldman Sachs Group, Inc.‡
	715,000			4.400%, 02/10/25
				5 year CMT + 2.85%			703,167
	350,000			7.500%, 05/10/29~
				5 year CMT + 2.81%			361,217
	337,000			4.125%, 11/10/26
				5 year CMT + 2.95%			315,826
	200,000			GTCR W-2 Merger Sub, LLC*~
				7.500%, 01/15/31			210,660
	95,000			HAT Holdings I, LLC / HAT Holdings II, LLC*~
				8.000%, 06/15/27			99,458
				HUB International, Ltd.*~
	276,000			5.625%, 12/01/29			265,236
	92,000			7.375%, 01/31/32			94,758
				Huntington Bancshares, Inc.‡
	765,000			4.450%, 10/15/27~
				7 year CMT + 4.05%			705,338
	505,000			5.625%, 07/15/30
				10 year CMT + 4.95%			484,411
	144,000			Icahn Enterprises, LP / Icahn Enterprises Finance Corp.~
				4.375%, 02/01/29			125,410
	380,000			Iron Mountain, Inc.*
				5.250%, 03/15/28			372,491
	525,000			Jefferies Finance, LLC / JFIN Co-Issuer Corp.*~
				5.000%, 08/15/28			488,617
				JPMorgan Chase & Company~‡
	1,620,000			3.650%, 06/01/26
				5 year CMT + 2.85%			1,539,551
	700,000			6.100%, 10/01/24
				3 mo. SOFR + 3.59%			696,535
	430,000			KeyCorp‡
				5.000%, 09/15/26
				3 mo. SOFR + 3.87%			393,600
				Ladder Capital Finance Holdings, LLLP / Ladder Capital Finance Corp.*
	379,000			5.250%, 10/01/25			377,507

See accompanying Notes to Schedule of Investments

5 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	195,000			4.750%, 06/15/29~		$	185,373
	116,000			7.000%, 07/15/31			118,782
	175,000			LD Holdings Group, LLC*~
				6.125%, 04/01/28			139,333
				Level 3 Financing, Inc.*
	200,000			4.250%, 07/01/28			109,124
	90,000			4.625%, 09/15/27			59,443
	1,205,000			Liberty Mutual Group, Inc.*~‡
				4.125%, 12/15/51
				5 year CMT + 3.32%			1,130,989
	139,000			LPL Holdings, Inc.*~µ
				4.000%, 03/15/29			130,773
				M&T Bank Corp.‡
	270,000			9.194%, 08/15/24
				3 mo. SOFR + 3.87%			270,348
	200,000			5.125%, 11/01/26~
				3 mo. SOFR + 3.78%			191,618
	200,000			5.000%, 02/01/25
				5 year CMT + 3.17%			198,990
	185,000			Macquarie Airfinance Holdings, Ltd.*~
				8.125%, 03/30/29			195,859
	670,000			Markel Corp.~‡
				6.000%, 06/01/25
				5 year CMT + 5.66%			666,476
				MetLife, Inc.~
	545,000			6.400%, 12/15/66			557,639
	505,000			3.850%, 09/15/25‡
				5 year CMT + 3.58%			490,512
	255,000			Nationstar Mortgage Holdings, Inc.*~
				5.500%, 08/15/28			247,868
	125,000			Necessity Retail REIT, Inc. / American Finance Operating Partner, LP*~
				4.500%, 09/30/28			113,928
	95,000			Newmark Group, Inc.
				7.500%, 01/12/29			99,817
	250,000			Northern Trust Corp.µ‡
				4.600%, 10/01/26
				3 mo. SOFR + 3.46%			242,992
				OneMain Finance Corp.
	130,000			9.000%, 01/15/29~			137,956
	130,000			3.875%, 09/15/28~			119,150
	90,000			7.500%, 05/15/31			92,607
	90,000			Park Intermediate Holdings, LLC / PK Domestic Property, LLC / PK Finance Co-Issuer*
				7.000%, 02/01/30			91,648
	938,000			PartnerRe Finance B, LLC~‡
				4.500%, 10/01/50
				5 year CMT + 3.82%			859,639
	295,000			PHH Mortgage Corp.*
				7.875%, 03/15/26			290,666
				PNC Financial Services Group, Inc.‡
	735,000			3.400%, 09/15/26µ
				5 year CMT + 2.60%			659,729
	360,000			6.200%, 09/15/27µ
				5 year CMT + 3.24%			359,104
	165,000			6.000%, 05/15/27~
				5 year CMT + 3.00%			162,786
	785,000			QBE Insurance Group, Ltd.*~‡
				5.875%, 05/12/25
				5 year CMT + 5.51%			778,822
				RHP Hotel Properties, LP / RHP Finance Corp.*
	220,000			4.500%, 02/15/29~			208,635
	185,000			6.500%, 04/01/32			187,214
				Rocket Mortgage, LLC / Rocket Mortgage Co-Issuer, Inc.*~
	85,000			3.875%, 03/01/31			75,726
	85,000			3.625%, 03/01/29			78,149
	45,000			2.875%, 10/15/26			42,549
	150,000			Service Properties Trust
				8.375%, 06/15/29			149,395
	340,000			State Street Corp.‡
				6.700%, 09/15/29
				5 year CMT + 2.63%			340,826
	230,000			StoneX Group, Inc.*
				7.875%, 03/01/31			239,612
				Truist Financial Corp.~‡
	685,000			4.950%, 09/01/25
				5 year CMT + 4.61%			671,684
	530,000			4.800%, 09/01/24
				5 year CMT + 3.00%			523,836
	256,000			5.100%, 03/01/30
				10 year CMT + 4.35%			240,374
	765,000			U.S. Bancorp~‡
				5.300%, 04/15/27
				3 mo. SOFR + 3.18%			743,435
				United Wholesale Mortgage, LLC*~
	221,000			5.500%, 04/15/29			213,501
	90,000			5.750%, 06/15/27			88,928
				Uniti Group, LP / Uniti Group Finance, Inc. / CSL Capital, LLC*
	93,000			10.500%, 02/15/28~			94,232
	90,000			6.500%, 02/15/29~			68,385
	25,000			10.500%, 02/15/28			25,212
	92,000			VFH Parent, LLC / Valor Co-Issuer, Inc.*
				7.500%, 06/15/31			94,793
	210,000			VZ Secured Financing, BV*~
				5.000%, 01/15/32			184,033
				Wells Fargo & Company‡
	1,425,000			3.900%, 03/15/26
				5 year CMT + 3.45%			1,361,559
	1,215,000			7.625%, 09/15/28~
				5 year CMT + 3.61%			1,292,031
	208,000			XHR, LP*~
				6.375%, 08/15/25			208,148
							46,772,374
				Health Care (1.0%)
				CHS/Community Health Systems, Inc.*
	377,000			6.125%, 04/01/30~			288,243
	137,000			10.875%, 01/15/32~			147,268
	108,000			6.875%, 04/15/29			88,705
	24,000			5.250%, 05/15/30			20,977
				DaVita, Inc.*~
	222,000			3.750%, 02/15/31			192,316
	197,000			4.625%, 06/01/30			180,649
				Embecta Corp.*
	144,000			5.000%, 02/15/30~			123,767
	48,000			6.750%, 02/15/30			42,877
				Encompass Health Corp.~
	100,000			4.750%, 02/01/30			95,644
	100,000			4.500%, 02/01/28			96,748

See accompanying Notes to Schedule of Investments

6 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	200,000			Jazz Securities DAC*~
				4.375%, 01/15/29		$	188,228
				Medline Borrower, LP*~
	233,000			5.250%, 10/01/29			225,390
	230,000			3.875%, 04/01/29			214,815
	24,000			Medline Borrower, LP / Medline Co-Issuer, Inc.*
				6.250%, 04/01/29			24,527
	350,000			Organon & Company / Organon Foreign Debt Co-Issuer, BV*
				5.125%, 04/30/31			322,046
	470,000			Tenet Healthcare Corp.
				6.875%, 11/15/31			503,337
				Teva Pharmaceutical Finance Netherlands III, BV~
	230,000			5.125%, 05/09/29			223,339
	200,000			4.750%, 05/09/27			193,994
	115,000			3.150%, 10/01/26			108,921
							3,281,791
				Industrials (2.8%)
	185,000			Aar Escrow Issuer, LLC*
				6.750%, 03/15/29			189,203
	220,000			ACCO Brands Corp.*~
				4.250%, 03/15/29			201,183
	650,000			AerCap Holdings, NV~‡
				5.875%, 10/10/79
				5 year CMT + 4.54%			648,720
				Air Lease Corp.‡
	810,000			4.650%, 06/15/26
				5 year CMT + 4.08%			780,686
	485,000			4.125%, 12/15/26
				5 year CMT + 3.15%			446,850
				Albertsons Companies, Inc. / Safeway, Inc. / New Albertsons, LP / Albertsons, LLC*
	315,000			4.625%, 01/15/27			307,333
	145,000			5.875%, 02/15/28~			143,985
	108,000			Arcosa, Inc.*
				4.375%, 04/15/29			101,941
	740,000			ARD Finance, SA*
				6.500%, 06/30/27
				7.250% PIK rate			190,927
	151,000			Beacon Roofing Supply, Inc.*
				4.125%, 05/15/29			138,991
				Bombardier, Inc.*
	90,000			8.750%, 11/15/30~			97,649
	70,000			7.000%, 06/01/32			71,624
	56,000			7.250%, 07/01/31			57,736
	51,000			7.875%, 04/15/27			51,123
	191,000			BWX Technologies, Inc.*
				4.125%, 04/15/29			180,231
	185,000			Cascades, Inc. / Cascades USA, Inc.*
				5.375%, 01/15/28			179,826
	48,000			Delta Air Lines, Inc. / SkyMiles IP, Ltd.*~µ
				4.750%, 10/20/28			47,463
	245,000			Deluxe Corp.*
				8.000%, 06/01/29			232,157
	188,000			Eco Material Technologies, Inc.*~
				7.875%, 01/31/27			191,442
	182,000			Emerald Debt Merger Sub, LLC*~
				6.625%, 12/15/30			185,505
				EnerSys*
	90,000			6.625%, 01/15/32			91,841
	85,000			4.375%, 12/15/27			81,536
	70,000			EquipmentShare.com, Inc.*
				8.625%, 05/15/32			72,769
	118,000			Graham Packaging Company, Inc.*~
				7.125%, 08/15/28			115,087
	88,000			Graphic Packaging International, LLC*
				3.500%, 03/01/29			80,080
	203,000			Great Lakes Dredge & Dock Corp.*
				5.250%, 06/01/29			182,722
	443,000			H&E Equipment Services, Inc.*~
				3.875%, 12/15/28			405,305
				Herc Holdings, Inc.*
	290,000			5.500%, 07/15/27~			287,799
	92,000			6.625%, 06/15/29			94,010
				JELD-WEN, Inc.*
	110,000			4.625%, 12/15/25			108,504
	95,000			4.875%, 12/15/27			90,640
	305,000			Ken Garff Automotive, LLC*
				4.875%, 09/15/28			289,759
	185,000			Knife River Holding Company*
				7.750%, 05/01/31			194,809
	51,000			MasTec, Inc.*µ
				4.500%, 08/15/28			49,352
	92,000			Masterbrand, Inc.*
				7.000%, 07/15/32			94,597
	107,000			Moog, Inc.*~
				4.250%, 12/15/27			102,562
	230,000			Newfold Digital Holdings Group, Inc.*~
				6.000%, 02/15/29			158,787
	172,000			Novelis Corp.*~
				4.750%, 01/30/30			162,292
	70,000			OI European Group, BV*
				4.750%, 02/15/30			64,515
	125,000			Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer, LLC*
				4.000%, 10/15/27			118,253
				Sealed Air Corp.*
	144,000			6.125%, 02/01/28~			145,329
	48,000			5.000%, 04/15/29			46,488
	45,000			6.500%, 07/15/32			45,598
	50,000			Sealed Air Corp./Sealed Air Corp. U.S.*
				7.250%, 02/15/31			52,118
	98,000			Sensata Technologies, Inc.*~
				3.750%, 02/15/31			86,722
	195,000			Standard Industries, Inc.*~
				5.000%, 02/15/27			191,005
	195,000			Stanley Black & Decker, Inc.‡
				4.000%, 03/15/60
				5 year CMT + 2.66%			180,402
	150,000			Stericycle, Inc.*~
				3.875%, 01/15/29			142,805
				TransDigm, Inc.*
	195,000			6.875%, 12/15/30~			200,782
	140,000			6.750%, 08/15/28~			142,913
	70,000			7.125%, 12/01/31~			72,829
	44,000			6.625%, 03/01/32			45,053
	96,000			Tronox, Inc.*~
				4.625%, 03/15/29			87,555
	63,616			United Airlines Pass Through Trust Series 2019-2, Class B
				3.500%, 11/01/29			59,609

See accompanying Notes to Schedule of Investments

7 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	187,000			Vertiv Group Corp.*~
				4.125%, 11/15/28		$	177,444
	201,000			Wabash National Corp.*
				4.500%, 10/15/28			183,756
	150,000			Waste Pro USA, Inc.*~
				5.500%, 02/15/26			149,021
				Williams Scotsman, Inc.*
	107,000			4.625%, 08/15/28~			101,960
	90,000			7.375%, 10/01/31~			93,644
	75,000			6.625%, 06/15/29			76,430
							9,571,257
				Information Technology (0.7%)
	46,000			Booz Allen Hamilton, Inc.*µ
				4.000%, 07/01/29			43,539
	112,000			Coherent Corp.*~
				5.000%, 12/15/29			106,832
	96,000			Dun & Bradstreet Corp.*^
				5.000%, 12/15/29			91,463
	56,000			Fair Isaac Corp.*~
				4.000%, 06/15/28			52,764
	210,000			KBR, Inc.*
				4.750%, 09/30/28			199,985
				MPH Acquisition Holdings, LLC*~
	210,000			5.750%, 11/01/28			125,723
	95,000			5.500%, 09/01/28			74,350
	93,000			NCL Corp., Ltd.*~
				8.125%, 01/15/29			98,946
	96,000			NCR Voyix Corp.*~
				5.125%, 04/15/29			91,810
	143,000			ON Semiconductor Corp.*~
				3.875%, 09/01/28			133,791
				Open Text Corp.*~
	129,000			3.875%, 02/15/28			120,633
	90,000			6.900%, 12/01/27			93,434
	72,000			3.875%, 12/01/29			65,422
	72,000			Open Text Holdings, Inc.*~
				4.125%, 12/01/31			64,225
	161,000			Playtika Holding Corp.*~
				4.250%, 03/15/29			143,559
	265,000			TTM Technologies, Inc.*~
				4.000%, 03/01/29			246,810
				Twilio, Inc.~
	130,000			3.625%, 03/15/29			118,109
	47,000			3.875%, 03/15/31			42,222
	69,000			UKG, Inc.*~
				6.875%, 02/01/31			70,931
	205,000			Viavi Solutions, Inc.*
				3.750%, 10/01/29			178,190
	90,000			Zebra Technologies Corp.*
				6.500%, 06/01/32			92,538
	220,000			ZoomInfo Technologies, LLC / ZoomInfo Finance Corp.*~
				3.875%, 02/01/29			201,153
							2,456,429
				Materials (0.6%)
	150,000			ArcelorMittal, SA~
				7.000%, 10/15/39			165,553
	90,000			ATI, Inc.
				5.875%, 12/01/27			89,461
	46,000			Carpenter Technology Corp.
				7.625%, 03/15/30			48,035
	190,000			Chemours Company*~
				4.625%, 11/15/29			166,609
	300,000			Clearwater Paper Corp.*
				4.750%, 08/15/28			283,869
	139,000			Cleveland-Cliffs, Inc.*~
				6.750%, 04/15/30			140,286
				Commercial Metals Company
	96,000			4.125%, 01/15/30			89,003
	48,000			4.375%, 03/15/32			43,939
	250,000			Constellium, SE*
				6.375%, 08/15/32			249,927
	96,000			HB Fuller Company
				4.250%, 10/15/28			89,734
	165,000			Kaiser Aluminum Corp.*~
				4.625%, 03/01/28			154,970
				Mercer International, Inc.
	199,000			5.125%, 02/01/29~			168,828
	90,000			12.875%, 10/01/28*			96,570
	200,000			OCI, NV*~µ
				6.700%, 03/16/33			199,762
	135,000			Owens-Brockway Glass Container, Inc.*
				7.250%, 05/15/31			133,695
	80,000			Silgan Holdings, Inc.~
				4.125%, 02/01/28			76,381
	96,000			Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc.*
				5.125%, 04/01/29			37,256
							2,233,878
				Other (0.0%)
				Gen Digital, Inc.*
	90,000			6.750%, 09/30/27			91,604
	45,000			7.125%, 09/30/30			46,569
							138,173
				Real Estate (0.2%)
	152,000			EPR Properties~
				3.750%, 08/15/29			139,135
				Forestar Group, Inc.*
	139,000			5.000%, 03/01/28			134,318
	97,000			3.850%, 05/15/26			93,827
	211,000			MIWD Holdco II, LLC / MIWD Finance Corp.*~
				5.500%, 02/01/30			197,532
							564,812
				Special Purpose Acquisition Companies (0.1%)
	50,000			Clydesdale Acquisition Holdings, Inc.*
				6.875%, 01/15/30			49,905
				Fertitta Entertainment, LLC / Fertitta Entertainment Finance Company, Inc.*~
	185,000			6.750%, 01/15/30			164,165
	96,000			4.625%, 01/15/29			89,805
							303,875
				Utilities (3.0%)
	412,000			AES Corp.‡
				7.600%, 01/15/55
				5 year CMT + 3.20%			418,625
	785,000			Algonquin Power & Utilities Corp.~‡
				4.750%, 01/18/82
				5 year CMT + 3.25%			719,350

See accompanying Notes to Schedule of Investments

8 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
				American Electric Power Company, Inc.‡
	200,000			3.875%, 02/15/62
				5 year CMT + 2.68%		$	186,848
	170,000			7.050%, 12/15/54
				5 year CMT + 2.75%			172,336
	170,000			6.950%, 12/15/54
				5 year CMT + 2.68%			172,703
	515,000			CMS Energy Corp.‡
				4.750%, 06/01/50
				5 year CMT + 4.12%			476,092
				Dominion Energy, Inc.‡
	338,000			6.875%, 02/01/55µ
				5 year CMT + 2.39%			350,503
	287,000			4.350%, 01/15/27~
				5 year CMT + 3.20%			274,536
				Duke Energy Corp.~‡
	800,000			4.875%, 09/16/24
				5 year CMT + 3.39%			797,224
	273,000			3.250%, 01/15/82
				5 year CMT + 2.32%			247,406
	655,000			Emera, Inc.~‡
				6.750%, 06/15/76
				3 mo. USD LIBOR + 5.44%			653,186
	220,000			Entergy Corp.µ‡
				7.125%, 12/01/54
				5 year CMT + 2.67%			220,484
				National Rural Utilities Cooperative Finance Corp.µ‡
	632,000			7.125%, 09/15/53
				5 year CMT + 3.53%			658,474
	385,000			5.250%, 04/20/46
				3 mo. USD LIBOR + 3.63%			379,760
				NextEra Energy Capital Holdings, Inc.‡
	770,000			3.800%, 03/15/82~µ
				5 year CMT + 2.55%			721,467
	345,000			6.700%, 09/01/54µ
				5 year CMT + 2.36%			351,389
	340,000			6.750%, 06/15/54
				5 year CMT + 2.46%			354,362
	412,000			NiSource, Inc.‡
				6.950%, 11/30/54
				5 year CMT + 2.45%			417,344
	434,000			PPL Capital Funding, Inc.µ‡
				8.261%, 03/30/67
				3 mo. SOFR + 2.93%			432,602
				Sempra‡
	490,000			4.875%, 10/15/25
				5 year CMT + 4.55%			481,116
	240,000			4.125%, 04/01/52~
				5 year CMT + 2.87%			222,528
				Southern Company~‡
	928,000			4.000%, 01/15/51
				5 year CMT + 3.73%			903,315
	220,000			3.750%, 09/15/51
				5 year CMT + 2.92%			208,624
				Vistra Corp.*‡
	225,000			7.000%, 12/15/26
				5 year CMT + 5.74%			226,363
	185,000			8.000%, 10/15/26
				5 year CMT + 6.93%			189,294
	205,000			WEC Energy Group, Inc.µ‡
				7.697%, 05/15/67
				3 mo. SOFR + 2.37%			203,098
							10,439,029
				Total Corporate Bonds
				(Cost $115,847,850)			112,225,504
Convertible Bonds (0.1%)
				Communication Services (0.0%)
	183,000			Cable One, Inc.µ
				0.000%, 03/15/26			163,818
				Consumer Discretionary (0.1%)
	272,000			DISH Network Corp.
				0.000%, 12/15/25			199,814
				Other (0.0%)
	95,000			Multiplan Corp.*µ
				6.000%, 10/15/27			67,191
				Total Convertible Bonds
				(Cost $457,455)			430,823
Bank Loans (4.2%) ¡
				Airlines (0.1%)
	124,688			Air Canada‡
				7.847%, 03/21/31
				3 mo. SOFR + 2.50%			125,253
	123,750			American Airlines, Inc.‡
				10.294%, 04/20/28
				3 mo. SOFR + 4.75%			128,181
	134,663			United Airlines, Inc.‡
				8.033%, 02/22/31
				3 mo. SOFR + 2.75%			135,360
							388,794
				Communication Services (0.6%)
	300,000			APi Group DE, Inc.‡
				7.347%, 01/03/29
				1 mo. SOFR + 2.00%			301,204
	10,660			Audacy Capital Corp.‡
				11.458%, 08/19/24
				1 mo. SOFR + 6.00%			10,673
	89,770			Cincinnati Bell, Inc.‡
				8.694%, 11/22/28
				1 mo. SOFR + 3.25%			89,714
	110,330			Clear Channel Outdoor Holdings, Inc.‡
				9.458%, 08/23/28
				1 mo. SOFR + 4.00%			110,882
	359,060			CSC Holdings, LLC‡
				7.943%, 04/15/27
				1 mo. LIBOR + 2.50%			307,332
	139,060			Directv Financing, LLC‡
				10.458%, 08/02/27
				1 mo. SOFR + 5.00%			139,971
	284,000			Entercom Media Corp.‡
				8.145%, 11/18/24
				3 mo. SOFR + 0.00%			134,545
	251,635			Go Daddy Operating Company, LLC‡
				7.344%, 11/09/29
				1 mo. SOFR + 2.00%			252,468

See accompanying Notes to Schedule of Investments

9 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	135,000			Gray Television, Inc.‡
				10.593%, 06/04/29
				1 mo. SOFR + 5.25%		$	131,419
	144,631			Sinclair Television Group, Inc.‡
				9.194%, 04/21/29
				1 mo. SOFR + 3.75%			103,020
	180,000			Telesat Canada‡
				8.359%, 12/07/26
				3 mo. SOFR + 2.75%			87,132
	185,000			TripAdvisor, Inc.‡
				8.094%, 07/08/31
				1 mo. SOFR + 2.75%			185,154
	200,000			Virgin Media Bristol, LLC!
				0.000%, 01/31/28			193,098
	89,762			Windstream Services, LLC‡
				11.694%, 09/21/27
				1 mo. SOFR + 6.25%			90,435
							2,137,047
				Consumer Discretionary (0.9%)
	89,775			Adient U.S., LLC‡
				8.094%, 01/31/31
				1 mo. SOFR + 2.75%			90,361
	144,000			American Axle & Manufacturing, Inc.‡
				8.326%, 12/12/29
				1 mo. SOFR + 3.00%			144,945
	261,472			Caesars Entertainment, Inc.‡
				8.097%, 02/06/30
				3 mo. SOFR + 2.75%			262,779
	162,466			Carnival Corp.‡
				8.094%, 10/18/28
				1 mo. SOFR + 2.75%			163,685
	141,163			Carnival Corp.‡
				8.094%, 08/08/27
				1 mo. SOFR + 2.75%			142,332
	199,499			Flutter Financing, BV‡
				7.585%, 11/29/30
				3 mo. SOFR + 2.25%			200,039
	232,398			Hanesbrands, Inc.‡
				9.094%, 03/08/30
				1 mo. SOFR + 3.75%			233,488
	299,250			Installed Building Products, Inc.‡
				7.344%, 03/28/31			301,542
	147,382			Life Time Fitness, Inc.‡
				9.591%, 01/15/26
				3 mo. SOFR + 4.00%			148,304
	196,508			Light & Wonder International, Inc.‡
				7.585%, 04/14/29
				3 mo. SOFR + 2.25%			198,104
	80,000			Peloton Interactive, Inc.‡
				11.346%, 05/23/29
				3 mo. SOFR + 6.00%			80,200
	310,242			PetSmart, Inc.‡
				9.194%, 02/11/28
				1 mo. SOFR + 3.75%			308,432
	300,000			Six Flags Entertainment Corp.‡
				7.343%, 05/01/31
				1 mo. SOFR + 2.00%			301,125
	142,500			Staples, Inc.‡
				11.084%, 09/04/29
				3 mo. SOFR + 5.75%			132,846
	179,550			Station Casinos, LLC‡
				7.594%, 03/14/31
				1 mo. SOFR + 2.25%			180,055
	122,914			TKC Holdings, Inc.‡
				11.109%, 05/15/28
				3 mo. SOFR + 5.50%			123,048
	183,963			Windsor Holdings III, LLC‡
				9.345%, 08/01/30
				1 mo. SOFR + 4.00%			185,653
							3,196,938
				Consumer Staples (0.4%)
	417,538			Amneal Pharmaceuticals, LLC‡
				10.844%, 05/04/28
				1 mo. SOFR + 5.50%			422,060
	140,000			B&G Foods, Inc.!
				0.000%, 10/10/29			138,885
	180,000			Fiesta Purchaser, Inc.‡
				9.344%, 02/12/31
				1 mo. SOFR + 4.00%			181,340
	298,548			Organon & Company‡
				7.835%, 05/19/31
				1 mo. SOFR + 2.50%			300,228
	184,538			Star Parent, Inc.‡
				9.085%, 09/27/30
				3 mo. SOFR + 3.75%			185,061
	114,713			United Natural Foods, Inc.‡
				10.099%, 05/01/31
				1 mo. SOFR + 4.75%			115,717
							1,343,291
				Energy (0.2%)
	139,650			Buckeye Partners, LP‡
				7.344%, 11/22/30
				1 mo. SOFR + 2.00%			139,928
	99,500			New Fortress Energy, Inc.‡
				10.252%, 10/27/28
				3 mo. SOFR + 5.00%			98,288
	282,110			Par Petroleum, LLC‡
				9.064%, 02/28/30
				3 mo. SOFR + 3.75%			284,225
							522,441
				Financials (0.5%)
	244,575			Advisor Group, Inc.‡
				9.344%, 08/17/28
				1 mo. SOFR + 4.00%			241,288
	150,079			Alliant Holdings Intermediate, LLC‡
				8.845%, 11/06/30
				1 mo. SOFR + 3.50%			150,886
	133,989			Amynta Agency Borrower, Inc.‡
				9.099%, 02/28/28
				1 mo. SOFR + 3.75%			134,444
	224,438			AssuredPartners, Inc.‡
				8.844%, 02/14/31
				1 mo. SOFR + 3.50%			225,449
	138,952			Avolon TLB Borrower 1 (US), LLC‡
				7.345%, 06/22/28
				1 mo. SOFR + 2.00%			139,563
	99,750			Broadstreet Partners, Inc.‡
				8.594%, 06/14/31
				1 mo. SOFR + 3.25%			100,050
	179,550			HUB International, Ltd.‡
				8.532%, 06/20/30
				3 mo. SOFR + 3.25%			179,976

See accompanying Notes to Schedule of Investments

10 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	139,300			Iron Mountain, Inc.‡
				7.344%, 01/31/31
				1 mo. SOFR + 2.00%		$	139,083
	196,476			Jazz Financing Lux Sarl‡
				7.594%, 05/05/28
				1 mo. SOFR + 2.25%			197,037
	150,000			Level 3 Financing, Inc.‡
				11.910%, 04/15/29
				1 mo. SOFR + 6.56%			149,035
	185,000			VFH Parent, LLC‡
				8.094%, 06/21/31
				1 mo. SOFR + 2.75%			185,404
							1,842,215
				Health Care (0.4%)
	300,000			DaVita, Inc.‡
				7.344%, 05/09/31
				1 mo. SOFR + 2.00%			300,035
	28,607			Icon Luxembourg Sarl‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			28,818
	207,059			Padagis, LLC‡
				10.326%, 07/06/28
				3 mo. SOFR + 4.75%			200,329
	7,127			PRA Health Sciences, Inc.‡
				7.335%, 07/03/28
				3 mo. SOFR + 2.00%			7,180
	804,379			Team Health Holdings, Inc.‡
				10.502%, 03/02/27
				3 mo. SOFR + 5.25%			757,121
	2,313			Team Health Holdings, Inc.‡
				10.594%, 03/02/27
				1 mo. SOFR + 5.25%			2,178
							1,295,661
				Industrials (0.3%)
	181,863			ACProducts, Inc.‡
				9.846%, 05/17/28
				3 mo. SOFR + 4.25%			145,605
	171,938			ChampionX Corp.‡
				8.197%, 06/07/29
				1 mo. SOFR + 2.75%			172,905
	185,000			MI Windows & Doors, LLC‡
				8.844%, 03/28/31
				1 mo. SOFR + 3.50%			185,826
	50,000			Reynolds Group Holdings, Inc.!
				0.000%, 09/24/28			50,161
	49,875			Reynolds Group Holdings, Inc.‡
				7.849%, 09/24/28
				1 mo. SOFR + 2.50%			50,036
	179,550			TransDigm, Inc.‡
				7.846%, 02/28/31
				3 mo. SOFR + 2.50%			180,213
	299,250			Vertiv Group Corp.‡
				7.337%, 03/02/27
				1 mo. SOFR + 2.00%			300,622
							1,085,368
				Information Technology (0.3%)
	240,576			Banff Merger Sub, Inc.‡
				9.597%, 12/29/28
				1 mo. SOFR + 4.25%			239,836
	195,878			Camelot US Acquisition, LLC‡
				8.094%, 01/31/31
				1 mo. SOFR + 2.75%			196,294
	79,663			Central Parent, Inc.‡
				8.585%, 07/06/29
				3 mo. SOFR + 3.25%			78,984
	172,849			Dun & Bradstreet Corp.‡
				8.097%, 01/18/29
				1 mo. SOFR + 2.75%			173,423
	166,066			II-VI, Inc.‡
				7.844%, 07/02/29
				1 mo. SOFR + 2.50%			166,772
	138,755			SS&C Technologies, Inc.‡
				7.344%, 05/09/31
				1 mo. SOFR + 2.00%			139,426
	100,000			UKG, Inc.‡
				8.555%, 02/10/31
				3 mo. SOFR + 3.25%			100,415
							1,095,150
				Materials (0.4%)
	299,239			Axalta Coating Systems U.S. Holdings, Inc.‡
				7.335%, 12/20/29
				3 mo. SOFR + 2.00%			300,735
	133,988			Chemours Company‡
				8.844%, 08/18/28
				1 mo. SOFR + 3.50%			134,099
	183,613			Ineos US Finance LLC‡
				8.594%, 02/18/30
				1 mo. SOFR + 3.25%			183,088
	115,000			Ineos US Finance LLC!
				0.000%, 02/18/30			114,672
	232,643			LSF11 A5 Holdco, LLC‡
				8.958%, 10/15/28
				1 mo. SOFR + 3.50%			233,370
	110,012			Trinseo Materials Operating SCA‡
				8.109%, 05/03/28
				3 mo. SOFR + 2.50%			86,132
	23,498			Trinseo Materials Operating SCA‡
				8.109%, 05/03/28
				1 mo. SOFR + 2.50%			18,397
	187,346			W.R. Grace & Co.-Conn.‡
				8.594%, 09/22/28
				1 mo. SOFR + 3.25%			188,587
							1,259,080
				Special Purpose Acquisition Companies (0.1%)
	98,000			Clydesdale Acquisition Holdings, Inc.‡
				9.119%, 04/13/29
				1 mo. SOFR + 3.68%			98,200
	43,988			Fertitta Entertainment, LLC‡
				9.079%, 01/27/29
				1 mo. SOFR + 3.75%			44,146
	176,850			Patagonia Holdco, LLC‡
				11.073%, 08/01/29
				3 mo. SOFR + 5.75%			164,803
							307,149
				Total Bank Loans
				(Cost $14,649,705)			14,473,134
U.S. Government and Agency Securities (0.3%)
				Other (0.3%)
	500,000			CoBank ACB‡
				7.250%, 07/01/29
				5 year CMT + 2.88%			510,350

See accompanying Notes to Schedule of Investments

11 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

PRINCIPAL
AMOUNT						VALUE
	500,000			Farm Credit Bank of Texas‡
				7.750%, 06/15/29
				5 year CMT + 3.29%		$	507,350
				TOTAL U.S. GOVERNMENT AND AGENCY SECURITIES
				(Cost $1,000,937)			1,017,700

NUMBER OF
SHARES						VALUE
Preferred Stocks (2.3%)
				Communication Services (0.7%)
				AT&T, Inc.µ
	18,155			4.750%, 02/18/25			361,103
	9,450			5.350%, 11/01/66			213,664
	36,510			Qwest Corp.µ
				6.500%, 09/01/56			391,387
	22,306			Telephone & Data Systems, Inc.µ
				6.000%, 09/30/26			385,002
				United States Cellular Corp.µ
	26,898			5.500%, 03/01/70			548,719
	22,660			5.500%, 06/01/70			462,264
							2,362,139
				Consumer Discretionary (0.2%)
				Ford Motor Companyµ
	7,236			6.500%, 08/15/62			177,499
	5,800			6.200%, 06/01/59			137,170
	3,615			Guitar Center, Inc.#			135,563
	3,120			Qurate Retail, Inc.^
				8.000%, 03/15/31			115,471
	9,600			QVC, Inc.
				6.250%, 11/26/68			110,976
							676,679
				Financials (0.8%)
	9,800			Affiliated Managers Group, Inc.µ
				6.750%, 03/30/64			246,568
	15,560			Annaly Capital Management, Inc.~‡
				10.586%, 08/30/24
				3 mo. USD LIBOR + 4.99%			398,492
	3,675			Capital One Financial Corp.µ
				4.800%, 06/01/25			68,833
	24,345			CNO Financial Group, Inc.µ
				5.125%, 11/25/60			482,518
	4,608			Cullen/Frost Bankers, Inc.µ
				4.450%, 12/15/25			83,635
	8,134			First Citizens BancShares, Inc.µ
				5.625%, 01/04/27			182,283
	6,800			M&T Bank Corp. Series Jµ#
				7.500%, 06/15/29			178,908
	13,600			Morgan Stanleyµ#
				6.625%, 10/15/29			351,696
	23,595			Reinsurance Group of America, Inc.µ‡
				7.125%, 10/15/52
				5 year CMT + 3.46%			609,695
	14,526			Selective Insurance Group, Inc.µ
				4.600%, 12/15/25			265,099
							2,867,727
				Industrials (0.1%)
	12,312			WESCO International, Inc.µ‡
				10.625%, 06/22/25
				5 year CMT + 10.33%			321,343
				Real Estate (0.3%)
				Brookfield Property Partners, LPµ
	23,352			5.750%, 03/31/25			294,002
	12,800			6.375%, 09/30/24			174,144
				Global Net Lease, Inc.µ
	7,766			7.500%, 08/30/24			170,231
	6,245			6.875%, 11/26/24			127,648
	8,025			Realty Income Corp.µ
				6.000%, 08/30/24			195,649
							961,674
				Utilities (0.2%)
	14,975			Brookfield Renewable Partners, LP^
				5.250%, 03/31/25			283,926
	13,450			DTE Energy Company~µ
				5.250%, 12/01/77			310,426
							594,352
				Total Preferred Stocks
				(Cost $8,936,118)			7,783,914
Common Stocks (79.7%)
				Communication Services (5.4%)
	77,000			Alphabet, Inc. - Class Aµ			13,208,580
	3,935			Altice USA, Inc. - Class A#			8,224
	1,322			Cumulus Media, Inc. - Class Aµ#			2,644
	168,500			Pinterest, Inc. - Class Aµ#			5,383,575
							18,603,023
				Consumer Discretionary (8.6%)
	90,500			Amazon.com, Inc.~µ#			16,921,690
	43,500			Hyatt Hotels Corp. - Class Aµ			6,408,855
	27,500			Marriott International, Inc. - Class Aµ			6,250,750
							29,581,295
				Energy (2.8%)
	266,000			BP, PLC (ADR)~			9,413,740
	800			Cheniere Energy Partners, LP			42,128
	12,950			Energy Transfer, LP~			210,697
	3,970			Enterprise Products Partners, LP~			114,574
							9,781,139
				Financials (5.4%)
	99,500			Morgan Stanleyµ			10,269,395
	143,000			Wells Fargo & Company~µ			8,485,620
							18,755,015
				Health Care (14.9%)
	30,800			ICON, PLCµ#			10,115,952
	119,500			Medtronic, PLCµ			9,598,240
	76,500			Merck & Company, Inc.µ			8,654,445
	18,500			UnitedHealth Group, Inc.µ			10,658,960
	113,000			Zimmer Biomet Holdings, Inc.~µ			12,582,550
							51,610,147

See accompanying Notes to Schedule of Investments

12 

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF SHARES						VALUE
				Industrials (23.7%)
	81,000			3M Companyµ		$	10,331,550
	52,500		EUR	Airbus, SEµ			7,944,646
	65,000			Boeing Companyµ#			12,389,000
	265,000			CSX Corp.~µ			9,301,500
	29,500			Emerson Electric Companyµ			3,454,745
	36,400			Honeywell International, Inc.~µ			7,452,900
	53,500			L3Harris Technologies, Inc.µ			12,138,615
	38,000			Union Pacific Corp.µ			9,375,740
	207,000			United Airlines Holdings, Inc.µ#			9,401,940
							81,790,636
				Information Technology (17.8%)
	45,500			Analog Devices, Inc.µ			10,527,790
	36,500			Microsoft Corp.~µ			15,269,775
	6,000			NXP Semiconductors, NVµ			1,578,960
	92,000			Oracle Corp.µ			12,829,400
	36,000		EUR	SAP, SEµ			7,611,128
	82,000			Taiwan Semiconductor Manufacturing Company, Ltd. (ADR)~			13,595,600
							61,412,653
				Materials (1.1%)
	10,400			Sherwin-Williams Companyµ			3,648,320
				Total Common Stocks (Cost $274,146,876)			275,182,228

NUMBER OF
CONTRACTS/
NOTIONAL
AMOUNT						VALUE
Purchased Options (1.1%) #
				Communication Services (0.2%)
	1,250			Pinterest, Inc.
	3,993,750			Put, 08/02/24, Strike $36.00		$	506,250
				Consumer Discretionary (0.1%)
	180			Home Depot, Inc.
	6,626,880			Call, 08/09/24, Strike $370.00			95,400
	275			Marriott International, Inc.
	6,250,750			Put, 08/02/24, Strike $235.00			204,875
	230			Tesla, Inc.
	5,337,610			Call, 08/02/24, Strike $275.00			230
							300,505
				Health Care (0.3%)
	400			BioMarin Pharmaceutical, Inc.
	3,373,200			Put, 08/16/24, Strike $80.00			45,000
	765			Merck & Company, Inc.
	8,654,445			Put, 08/02/24, Strike $123.00			776,475
	1,130			Zimmer Biomet Holdings, Inc.
	12,582,550			Put, 08/16/24, Strike $105.00			183,625
							1,005,100
				Industrials (0.1%)
	650			Boeing Company
	12,389,000			Put, 08/02/24, Strike $180.00			9,750
	1,500			Delta Air Lines, Inc.
	6,453,000			Call, 09/06/24, Strike $45.00			141,000
							150,750
				Information Technology (0.2%)
	250			Advanced Micro Devices, Inc.
	3,612,000			Put, 08/02/24, Strike $130.00			2,750
	2,110			Intel Corp.
	6,486,140			Put, 08/02/24, Strike $29.00			114,995
	85			Lam Research Corp.
	7,830,540			Call, 08/02/24, Strike $920.00			237,150
	365			Microsoft Corp.
	15,269,775			Put, 08/02/24, Strike $400.00			14,418
	600			NVIDIA Corp.
	7,021,200			Call, 08/02/24, Strike $110.00			451,500
							820,813
				Other (0.2%)
	2,630			Industrial Select Sector SPDR Fund
	33,627,180			Put, 08/16/24, Strike $124.00			111,775
	1,480			iShares Russell 2000 ETF
	33,131,280			Call, 08/01/24, Strike $224.00			240,500
				SPDR S&P 500 ETF Trust
	870
	47,920,470			Put, 08/02/24, Strike $540.00			39,585
	600
	33,048,600			Call, 08/01/24, Strike $545.00			422,700
							814,560
				TOTAL PURCHASED OPTIONS
				(Cost $3,117,107)			3,597,978
	TOTAL INVESTMENTS (120.2%)
	(Cost $418,291,378)						414,847,524
LIABILITIES, LESS OTHER ASSETS (-20.2%)							(69,669,386	)
NET ASSETS (100.0%)						$	345,178,138

NUMBER OF SHARES						VALUE
Common Stocks Sold Short (-10.3%) #
				Consumer Staples (-0.9%)
	(4,000	)		Costco Wholesale Corp.			(3,288,000	)
				Health Care (-0.5%)
	(1,070	)		Mettler-Toledo International, Inc.			(1,627,502	)
				Industrials (-2.4%)
	(5,000	)		Eaton Corp., PLC			(1,523,950	)
	(30,000	)		RTX Corp.			(3,524,700	)
	(120,000	)		Southwest Airlines Company			(3,232,800	)
							(8,281,450	)
				Information Technology (-6.5%)
	(11,500	)		Arista Networks, Inc.			(3,985,325	)
	(2,900	)		KLA Corp.			(2,386,903	)
	(8,500	)		Lam Research Corp.			(7,830,540	)
	(10,000	)		Palo Alto Networks, Inc.			(3,247,300	)
	(9,200	)		QUALCOMM, Inc.			(1,664,740	)

See accompanying Notes to Schedule of Investments

13

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

NUMBER OF SHARES						VALUE
	(16,000	)		Texas Instruments, Inc.		$	(3,260,960	)
							(22,375,768	)
				Total Common Stocks Sold Short (Proceeds $29,541,200)			(35,572,720	)
Exchange-Traded Funds Sold Short (-55.4%) #
				Other (-55.4%)
	(310,500	)		SPDR S&P 500 ETF Trust			(171,026,505	)
	(82,000	)		VanEck Semiconductor ETF			(20,253,180	)
				Total Exchange-Traded Funds Sold Short (Proceeds $169,607,972)			(191,279,685	)
	TOTAL SECURITIES SOLD SHORT (Proceeds $199,149,172)						(226,852,405	)

NUMBER OF
CONTRACTS/
NOTIONAL
AMOUNT						VALUE
Written Options (-0.8%) #
				Consumer Discretionary (0.0%)
	(550	)		Marriott International, Inc.
	(12,501,500	)		Put, 08/16/24, Strike $220.00			(111,375	)
	(2,050	)		Stellantis, NV
	(3,421,450	)		Put, 08/16/24, Strike $16.00			(25,625	)
							(137,000	)
				Financials (0.0%)
	(170	)		Visa, Inc.
	(4,516,390	)		Put, 09/20/24, Strike $240.00			(14,450	)
				Health Care (-0.3%)
	(765	)		Merck & Company, Inc.
	(8,654,445	)		Put, 08/02/24, Strike $116.00			(229,500	)
	(250	)		Unitedhealth Group, Inc.
	(14,404,000	)		Call, 08/16/24, Strike $560.00			(548,750	)
				Zimmer Biomet Holdings, Inc.
	(1,130	)
	(12,582,550	)		Call, 09/20/24, Strike $125.00			(101,700	)
	(1,130	)
	(12,582,550	)		Put, 09/20/24, Strike $95.00			(81,925	)
							(961,875	)
				Industrials (-0.1%)
				Boeing Company
	(650	)
	(12,389,000	)		Put, 08/02/24, Strike $170.00			(3,575	)
	(150	)
	(2,859,000	)		Call, 09/20/24, Strike $220.00			(19,350	)
	(1,500	)		Delta Air Lines, Inc.
	(6,453,000	)		Put, 08/02/24, Strike $44.00			(175,500	)
	(135	)		Northrop Grumman Corp.
	(6,538,320	)		Put, 08/02/24, Strike $480.00			(24,300	)
							(222,725	)
				Information Technology (-0.1%)
	(250	)		Advanced Micro Devices, Inc.
	(3,612,000	)		Put, 08/30/24, Strike $110.00			(8,875	)
				Lam Research Corp.
	(85	)
	(7,830,540	)		Call, 08/16/24, Strike $1,000.00			(91,163	)
	(85	)
	(7,830,540	)		Put, 08/16/24, Strike $800.00			(48,237	)
				Microsoft Corp.
	(550	)
	(23,009,250	)		Put, 09/20/24, Strike $360.00			(72,875	)
	(270	)
	(11,295,450	)		Call, 09/20/24, Strike $460.00			(67,500	)
							(288,650	)
				Other (-0.3%)
				Industrial Select Sector SPDR Fund
	(5,260	)
	(67,254,360	)		Put, 09/20/24, Strike $110.00			(391,870	)
	(2,630	)
	(33,627,180	)		Put, 08/16/24, Strike $120.00			(34,190	)
	(2,220	)		iShares Russell 2000 ETF
	(49,696,920	)		Call, 08/16/24, Strike $235.00			(336,330	)
				SPDR S&P 500 ETF Trust
	(870	)
	(47,920,470	)		Put, 08/30/24, Strike $520.00			(146,595	)
	(870	)
	(47,920,470	)		Put, 08/30/24, Strike $510.00			(95,265	)
							(1,004,250	)
				Total Written Options
				(Premium $2,328,922)			(2,628,950	)

NOTES TO SCHEDULE OF INVESTMENTS
*	Securities issued and sold pursuant to a Rule 144A transaction are exempted from the registration requirement of the Securities Act of 1933, as amended. These securities may only be sold to qualified institutional buyers (“QIBs”), such as the Fund. Any resale of these securities must generally be effected through a sale that is registered under the Act or otherwise exempted from such registration requirements.
~	Security, or portion of security, is segregated as collateral (or potential collateral for future transactions) for written options and securities sold short. The aggregate value of such securities is $113,018,470.
µ	Security, or portion of security, is held in a segregated account as collateral for note payable aggregating a total value of $233,978,242.
@	In default status and considered non-income producing.
‡	Variable rate security. The rate shown is the rate in effect at July 31, 2024.
^	Security, or portion of security, is on loan.
¡	Bank loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown.
!	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.
#	Non-income producing security.

See accompanying Notes to Schedule of Investments

14

Calamos Long/Short Equity & Dynamic Income Trust

SCHEDULE OF INVESTMENTS JULY 31, 2024 (UNAUDITED)

ABBREVIATION
ADR	American Depositary Receipt
FOREIGN CURRENCY ABBREVIATION
EUR	European Monetary Unit
Note: Value for securities denominated in foreign currencies is shown in U.S. dollars. The date on options represents the expiration date of the option contract. The option contract may be exercised at any date on or before the date shown.

The following table summarizes the Fund's investments and derivative financial instruments categorized in the fair value hierarchy as of July 31, 2024 (see Note 2):

		LEVEL 1				LEVEL 2				LEVEL 3				TOTAL
Assets:
Asset Backed Security		$	—			$	136,243			$	—			$	136,243
Corporate Bonds			—				112,225,504				—				112,225,504
Convertible Bonds			—				430,823				—				430,823
Bank Loans			—				14,473,134				—				14,473,134
U.S. Government and Agency Securities			—				1,017,700				—				1,017,700
Preferred Stocks			7,648,351				135,563				—				7,783,914
Common Stocks			259,626,454				15,555,774				—				275,182,228
Purchased Options			3,597,978				—				—				3,597,978
Total		$	270,872,783			$	143,974,741			$	—			$	414,847,524
Liabilities:
Common Stocks Sold Short		$	35,572,720			$	—			$	—			$	35,572,720
Exchange-traded Funds Sold Short			191,279,685				—				—				191,279,685
Written Options			2,628,950				—				—				2,628,950
Total		$	229,481,355			$	—			$	—			$	229,481,355

See accompanying Notes to Schedule of Investments

15

Notes to Schedule of Investments (Unaudited)

Note 1 – Organization and Significant Accounting Policies

Organization. Calamos Convertible Opportunities and Income Fund (“CHI”), Calamos Convertible and High Income Fund (“CHY”), Calamos Strategic Total Return Fund (“CSQ”), Calamos Dynamic Convertible and Income Fund (“CCD”), Calamos Global Dynamic Income Fund (“CHW”), Calamos Global Total Return Fund (“CGO”), and Calamos Long/Short Equity & Dynamic Income Trust (“CPZ”) (each a “Fund”, and collectively, the “Funds”) were each organized as Delaware statutory trusts and are each registered under the Investment Company Act of 1940, as amended (the “1940 Act”) as a diversified, closed-end management investment company.

Significant Accounting Policies. The Schedule of Investments has been prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) and the Funds is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. The following summarizes the significant accounting policies of the Funds:

Fund Valuation. Each Board of Trustees (“Board” or “Trustees”), including a majority of the Trustees who are not “interested persons” of each Fund, have designated Calamos Advisors LLC (“Calamos Advisors”, or the “Advisor”) to perform fair valuation determinations related to all Funds' investments under the oversight of the Board. As “valuation designee” Calamos Advisors has adopted policies and procedures to guide the determination of the net asset value (“NAV”) on any day on which each Fund's NAV is determined. The valuation of each Fund's investments is in accordance with these procedures.

Funds' securities that are traded on U.S. securities exchanges, except option securities, are valued at the official closing price, which is the last current reported sales price on its principal exchange at the time the Fund determines its NAV. Securities traded in the over-the-counter market and quoted on The NASDAQ Stock Market are valued at the NASDAQ Official Closing Price, as determined by NASDAQ, or lacking a NASDAQ Official Closing Price, the last current reported sale price on NASDAQ at the time the Fund determines its NAV. When a last sale or closing price is not available, equity securities, other than option securities, that are traded on a U.S. securities exchange and other equity securities traded in the over-the-counter market are valued at the mean between the most recent bid and asked quotations on its principal exchange in accordance with guidelines adopted by the Board. Each option security traded on a U.S. securities exchange is valued at the mid-point of the consolidated bid/ask quote for the option security, also in accordance with guidelines adopted by the Board of Trustees. Each over-the-counter option that is not traded through the Options Clearing Corporation is valued either by an independent pricing agent approved by the Board or based on a quotation provided by the counterparty to such option under the ultimate supervision of the Board.

Fixed income securities, bank loans, certain convertible preferred securities, and non-exchange traded derivatives are normally valued by independent pricing services or by dealers or brokers who make markets in such securities. Valuations of such fixed income securities, bank loans, certain convertible preferred securities, and non-exchange traded derivatives consider yield or price of equivalent securities of comparable quality, coupon rate, maturity, type of issue, trading characteristics and other market data and do not rely exclusively upon exchange or over-the-counter prices.

Trading on European and Far Eastern exchanges and over-the-counter markets is typically completed at various times before the close of business on each day on which the New York Stock Exchange (“NYSE”) is open. Each security trading on these exchanges or in over-the-counter markets may be valued utilizing a systematic fair valuation model provided by an independent pricing service approved by the Board of Trustees. The valuation of each security that meets certain criteria in relation to the valuation model is systematically adjusted to reflect the impact of movement in the U.S. market after the foreign markets close. Securities that do not meet the criteria, or that are principally traded in other foreign markets, are valued as of the last reported sale price at the time each Fund determines its NAV, or when reliable market prices or quotations are not readily available, at the mean between the most recent bid and asked quotations as of the close of the appropriate exchange or other designated time. Trading of foreign securities may not take place on every NYSE business day. In addition, trading may take place in various foreign markets on Saturdays or on other days when the NYSE is not open and on which each Fund's NAV is not calculated.

If the Advisor's pricing committee determines that the valuation of a security in accordance with the methods described above is not reflective of a fair value for such security, the security is valued at a fair value by the pricing committee.

The Funds also may use fair value pricing, pursuant to policies and procedures adopted by Calamos Advisors, if trading in the security is halted or if the value of a security it holds is materially affected by events occurring before a Fund’s pricing time but after the close of the primary market or exchange on which the security is listed. Those procedures may utilize valuations furnished by pricing services approved by Calamos Advisors, which may be based on market transactions for comparable securities and various relationships between securities that are generally recognized by institutional traders, a computerized matrix system, or appraisals derived from information concerning the securities or similar securities received from recognized dealers in those securities.

When fair value pricing of securities is employed, the prices of securities used by each Fund to calculate its NAV may differ from market quotations or official closing prices. There can be no assurance that each Fund could purchase or sell a portfolio security at the price used to calculate each Fund’s NAV.

Foreign Currency Translation. Values of investments and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using a rate quoted by a major bank or dealer in the particular currency market, as reported by a recognized quotation dissemination service.

Option Transactions. For hedging and investment purposes, each Fund may purchase or write (sell) put and call options. One of the risks associated with purchasing an option is that each Fund pays a premium whether or not the option is exercised. Additionally, each Fund bears the risk of loss of premium and change in value should the counterparty not perform under the contract. The Fund as writer of an option bears the market risk of an unfavorable change in the price of the security underlying the written option.

Note 2 – Fair Value Measurements

Various inputs are used to determine the value of each Fund's investments. These inputs are categorized into three broad levels as follows:

● Level 1 – Prices are determined using inputs from unadjusted quoted prices from active markets (including securities actively traded on a securities exchange) for identical assets.

● Level 2 – Prices are determined using significant observable market inputs other than unadjusted quoted prices, including quoted prices of similar securities, fair value adjustments to quoted foreign securities, interest rates, credit risk, prepayment speeds, and other relevant data.

● Level 3 – Prices reflect unobservable market inputs (including each Fund's own judgments about assumptions market participants would use in determining fair value) when observable inputs are unavailable.

Debt securities are valued based upon evaluated prices received from an independent pricing service or from a dealer or broker who makes markets in such securities. Pricing services utilize various observable market data and as such, debt securities are generally categorized as Level 2. The levels are not necessarily an indication of the risk or liquidity of each Fund's investments. The summary of the inputs used in valuing each Fund's holdings are available after each Fund's Portfolio.