Company: CPZ
Filing Date: 2025-12-29
Form Type: N-CSR
Source: 0001104659-25-124691
Chunk: 21

Company: Calamos Long/Short Equity & Dynamic Income Trust
Filing Date: 2025-12-29
Form: N-CSR
Chunk 21
---
XA0)     |     |      | 22.32 |   |     |       |  9.32 |   |     |       | 11.04 |   |     |           |  8.66 |   |
| Bloomberg US Corp HY 2% Issuer Cap Bond Index |     |      |  8.16 |   |     |       |  5.47 |   |     |       |  5.89 |   |     |           |  6.72 |   |

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gain distributions. Source: State Street Corporation and Morningstar Direct. † Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average assuming reinvestment of dividends and capital gains distributions. NOTES: The graphs do not reflect the income taxes that you would pay on fund distributions or the redemption of fund shares. Fund performance includes reinvestment of dividends. The 50%SPX-25%VXA0-25%BBGUSHY2%Cap Index is blended from 50% - S&P 500 Index (SPX), 25% - ICE BofA All US Convertible Index (VXA0) and 25% - Bloomberg US Corporate High Yield 2% Issuer Capped Bond Index. The S&P 500 Index is an unmanaged index generally considered representative of the US stock market. The ICE BofA All US Convertible Index is comprised of approximately 700 issues of only convertible bonds and preferreds of all qualities. The Bloomberg US Corporate High Yield 2% Issuer Capped Bond Index measures the performance of high-yield corporate bonds with a maximum allocation of 2% to any one issuer. Index returns assume reinvestment of dividends and do not reflect deduction of fees and expenses. It is not possible to invest directly in an index.

www.calamos.com
17 Additional Information About the Funds (Unaudited)

Calamos Strategic Total Return Fund (continued)

Effects of Leverage The SSB Agreement provides for credit availability for the Fund,