Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

PRINCIPAL   AMOUNT			VALUE
	CORPORATE BONDS (14.1%)
		Airlines (0.4%)
	395,361	Air Canada Pass Through Trust Series 2015-1, Class B*µ 3.875%, 09/15/24		$       400,694
	66,666	Air Canada Pass Through Trust Series 2015-2, Class B* 5.000%, 06/15/25		67,661
	249,810	Alaska Airlines Pass Through Trust Series 2020-1, Class A* 4.800%, 02/15/29		277,156
	188,048	Alaska Airlines Pass Through Trust Series 2020-1, Class B*µ 8.000%, 02/15/27		210,268
		American Airlines, Inc. / AAdvantage Loyalty IP, Ltd.*
	169,000	5.500%, 04/20/26		177,006
	56,000	5.750%, 04/20/29		60,607
	250,000	British Airways Pass Through Trust Series 2021-1, Class B* 3.900%, 03/15/33		253,943
	204,731	JetBlue Pass Through Trust Series 2020-1, Class B 7.750%, 05/15/30		242,308
	81,000	Spirit Loyalty Cayman, Ltd. / Spirit IP Cayman, Ltd.* 8.000%, 09/20/25		91,380
	93,222	UAL Pass Through Trust Series 2007-1 6.636%, 01/02/24		96,533
	210,654	United Airlines Pass Through Trust Series 2014-2, Class B 4.625%, 03/03/24		215,779
	126,306	United Airlines Pass Through Trust Series 2019-2, Class B 3.500%, 11/01/29		125,216
				2,218,551
		Communication Services (1.6%)
	405,000	Arrow Bidco, LLC* 9.500%, 03/15/24		415,797
	265,000	Ashtead Capital, Inc.* 4.000%, 05/01/28		280,198
	169,000	Beasley Mezzanine Holdings, LLC* 8.625%, 02/01/26		171,689
	165,000	Brink’s Company* 5.500%, 07/15/25		173,943
	195,000	Consolidated Communications, Inc.* 6.500%, 10/01/28		210,809
		CSC Holdings, LLC*
	410,000	5.500%, 04/15/27		429,311
	400,000	4.625%, 12/01/30		394,388
	335,000	5.375%, 02/01/28		354,712
	300,000	5.750%, 01/15/30		313,278
	200,000	4.500%, 11/15/31		201,930
	230,000	Cumulus Media New Holdings, Inc.*^ 6.750%, 07/01/26		242,376

PRINCIPAL   AMOUNT			VALUE
		Diamond Sports Group, LLC / Diamond Sports Finance Company*
	180,000	6.625%, 08/15/27		$         72,369
	151,000	5.375%, 08/15/26		87,852
	25,000	DIRECTV Holdings, LLC / DIRECTV Financing Company, Inc.* 5.875%, 08/15/27		25,870
	745,000	Embarq Corp. 7.995%, 06/01/36		835,778
		Entercom Media Corp.*^
	113,000	6.750%, 03/31/29		115,435
	100,000	6.500%, 05/01/27		103,111
	132,000	Frontier Florida, LLC& 6.860%, 02/01/28		144,768
	330,000	Frontier North, Inc.@ 6.730%, 02/15/28		359,225
		Go Daddy Operating Company, LLC / GD Finance Company, Inc.*
	195,000	3.500%, 03/01/29		195,374
	69,000	5.250%, 12/01/27		72,527
	80,000	Hughes Satellite Systems Corp. 5.250%, 08/01/26		89,640
		Intelsat Jackson Holdings, SA@
	170,000	9.750%, 07/15/25*		96,198
	130,000	5.500%, 08/01/23		71,752
	400,000	LCPR Senior Secured Financing DAC* 6.750%, 10/15/27		427,832
	123,355	Ligado Networks, LLC* 15.500%, 11/01/23 15.500% PIK rate		122,178
	310,000	Lumen Technologies, Inc.* 4.000%, 02/15/27		319,154
	200,000	Netflix, Inc.* 4.875%, 06/15/30		241,342
		Scripps Escrow II, Inc.*
	111,000	3.875%, 01/15/29		111,157
	56,000	5.375%, 01/15/31		56,044
	312,000	Scripps Escrow, Inc.* 5.875%, 07/15/27		323,235
	111,000	Shift4 Payments, LLC / Shift4 Payments Finance Sub, Inc.*^ 4.625%, 11/01/26		115,751
	165,000	Sirius XM Radio, Inc.* 4.000%, 07/15/28		170,280
	170,000	Spanish Broadcasting System, Inc.* 9.750%, 03/01/26		173,492
	400,000	Sprint Capital Corp.^ 6.875%, 11/15/28		516,472
	560,000	Sprint Corp. 7.125%, 06/15/24		644,907
	215,000	Telecom Italia Capital, SA 6.000%, 09/30/34		247,304
	305,000	United States Cellular Corp. 6.700%, 12/15/33		379,954
	115,000	Windstream Services, LLC / Windstream Finance Corp.@& 7.750%, 10/01/21		1,236
				9,308,668

See accompanying Notes to Schedule of Investments

1

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

PRINCIPAL   AMOUNT			VALUE
		Consumer Discretionary (2.3%)
	230,000	American Axle & Manufacturing, Inc.^ 6.875%, 07/01/28		$       249,297
		Ashton Woods USA, LLC / Ashton Woods Finance Company*
	204,000	6.625%, 01/15/28		217,827
	136,000	4.625%, 08/01/29		136,476
	67,000	Avis Budget Car Rental, LLC / Avis Budget Finance, Inc.*^ 5.375%, 03/01/29		69,878
	345,000	Bally’s Corp.* 6.750%, 06/01/27		373,245
		Caesars Entertainment, Inc.*
	112,000	8.125%, 07/01/27		123,410
	112,000	6.250%, 07/01/25		118,372
	350,000	Caesars Resort Collection, LLC / CRC Finco, Inc.*^ 5.250%, 10/15/25		352,954
		Carnival Corp.*
	112,000	10.500%, 02/01/26^		128,414
	56,000	7.625%, 03/01/26		59,448
	260,000	Carriage Services, Inc.* 4.250%, 05/15/29		260,218
	165,000	Carvana Company* 5.625%, 10/01/25		171,506
		CCO Holdings, LLC / CCO Holdings Capital Corp.*
	735,000	5.125%, 05/01/27		769,876
	245,000	4.750%, 03/01/30		260,031
	125,000	5.000%, 02/01/28^		131,189
	110,000	4.250%, 02/01/31		113,516
	207,000	Cedar Fair, LP^ 5.250%, 07/15/29		210,887
		Century Communities, Inc.
	345,000	6.750%, 06/01/27		369,119
	190,000	5.875%, 07/15/25^		196,437
		DISH DBS Corp.
	209,000	7.750%, 07/01/26		238,929
	133,000	7.375%, 07/01/28^		144,064
	163,000	Everi Holdings, Inc.* 5.000%, 07/15/29		166,852
	140,000	Ford Motor Company 8.500%, 04/21/23		155,655
		Ford Motor Credit Company, LLC
	350,000	4.063%, 11/01/24		371,752
	350,000	4.000%, 11/13/30		370,769
	315,000	4.134%, 08/04/25		337,592
	315,000	3.664%, 09/08/24		330,526
		goeasy, Ltd.*
	380,000	5.375%, 12/01/24		394,554
	208,000	4.375%, 05/01/26		214,581
	112,000	Goodyear Tire & Rubber Company* 5.000%, 07/15/29		118,104
	111,000	Guitar Center, Inc.*& 8.500%, 01/15/26		118,677
	345,000	International Game Technology, PLC* 6.250%, 01/15/27		392,406
		L Brands, Inc.
	292,000	6.694%, 01/15/27		346,972
	165,000	6.875%, 11/01/35		212,431
	110,000	Liberty Interactive, LLC 8.500%, 07/15/29		126,314

PRINCIPAL   AMOUNT			VALUE
	169,000	Life Time, Inc.*^ 8.000%, 04/15/26		$       177,163
		M/I Homes, Inc.
	340,000	5.625%, 08/01/25		350,142
	205,000	4.950%, 02/01/28		216,293
		Macy’s Retail Holdings, LLC
	110,000	6.700%, 07/15/34*		117,059
	55,000	5.125%, 01/15/42		50,376
	114,000	Macy’s, Inc.* 8.375%, 06/15/25		124,380
		Mattel, Inc.*
	135,000	5.875%, 12/15/27		147,857
	28,000	3.750%, 04/01/29^		29,557
		Mclaren Finance, PLC*
	350,000	5.750%, 08/01/22		350,000
	260,000	7.500%, 08/01/26		264,415
	260,000	Midwest Gaming Borrower, LLC / Midwest Gaming Finance Corp.* 4.875%, 05/01/29		262,392
	169,000	Mohegan Gaming & Entertainment* 8.000%, 02/01/26		176,032
	252,000	Newell Brands, Inc. 4.700%, 04/01/26		281,081
	109,000	Penn National Gaming, Inc.*^ 4.125%, 07/01/29		107,491
	553,000	Rite Aid Corp.* 8.000%, 11/15/26		555,782
		Royal Caribbean Cruises, Ltd.*
	110,000	11.500%, 06/01/25		126,034
	55,000	10.875%, 06/01/23		62,516
	265,000	Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed*^ 4.625%, 03/01/29		268,336
	345,000	Speedway Motorsports, LLC / Speedway Funding II, Inc.* 4.875%, 11/01/27		352,987
	207,000	Taylor Morrison Communities, Inc.* 5.750%, 01/15/28		234,363
	55,000	Viking Cruises, Ltd.* 13.000%, 05/15/25		63,839
	260,000	Vista Outdoor, Inc.* 4.500%, 03/15/29		265,421
	295,000	VOC Escrow, Ltd.* 5.000%, 02/15/28		293,062
	55,000	Williams Scotsman International, Inc.*^ 4.625%, 08/15/28		56,920
				13,285,776
		Consumer Staples (0.7%)
	251,000	Central Garden & Pet Company* 4.125%, 04/30/31		256,788
		Edgewell Personal Care Company*
	170,000	4.125%, 04/01/29		171,205
	112,000	5.500%, 06/01/28		118,699
	252,000	Energizer Holdings, Inc.*^ 4.375%, 03/31/29		253,472
	225,000	Fresh Market, Inc.* 9.750%, 05/01/23		231,948
	260,000	JBS USA LUX, SA / JBS USA Finance, Inc.* 6.750%, 02/15/28		286,109

See accompanying Notes to Schedule of Investments

2

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

PRINCIPAL   AMOUNT			VALUE
	109,000	JBS USA LUX, SA / JBS USA Food Company / JBS USA Finance, Inc.* 6.500%, 04/15/29		$       122,903
		Kraft Heinz Foods Company
	335,000	4.375%, 06/01/46		385,846
	56,000	4.250%, 03/01/31		64,566
	56,000	3.875%, 05/15/27^		62,037
	174,000	New Albertsons, LP 7.750%, 06/15/26		199,900
	217,000	Performance Food Group, Inc.* 4.250%, 08/01/29		220,839
	405,000	Pilgrim’s Pride Corp.* 5.875%, 09/30/27		433,609
		Post Holdings, Inc.*
	310,000	5.750%, 03/01/27		323,330
	160,000	4.625%, 04/15/30^		163,158
	209,000	Prestige Brands, Inc.* 3.750%, 04/01/31		207,502
	245,000	United Natural Foods, Inc.*^ 6.750%, 10/15/28		264,928
		Vector Group, Ltd.*
	345,000	5.750%, 02/01/29		351,576
	136,000	10.500%, 11/01/26		144,726
				4,263,141
		Energy (1.4%)
		Antero Resources Corp.*
	81,000	7.625%, 02/01/29		88,792
	56,000	5.375%, 03/01/30^		57,027
		Apache Corp.
	223,000	5.100%, 09/01/40		239,422
	127,000	4.875%, 11/15/27		136,787
	112,000	4.625%, 11/15/25		120,521
	15,087	Bonanza Creek Energy, Inc. 7.500%, 04/30/26		15,220
		Buckeye Partners, LP
	205,000	3.950%, 12/01/26		208,417
	135,000	5.850%, 11/15/43		137,427
	168,000	ChampionX Corp. 6.375%, 05/01/26		175,980
		Cheniere Energy Partners, LP
	295,000	5.625%, 10/01/26		305,107
	55,000	4.000%, 03/01/31*^		58,230
	112,000	Cheniere Energy, Inc. 4.625%, 10/15/28		118,359
		Continental Resources, Inc.^
	230,000	3.800%, 06/01/24		241,516
	170,000	4.375%, 01/15/28		190,021
	410,000	DCP Midstream Operating, LP*‡ 5.850%, 05/21/43 3 mo. USD LIBOR + 3.85%		385,863
	3,142	Diamond Foreign Asset Company / Diamond Finance, LLC 13.000%, 04/22/27 13.000% PIK rate		3,152
	114,000	DT Midstream, Inc.* 4.125%, 06/15/29		117,010
		Energy Transfer, LP‡
	320,000	3.143%, 11/01/66 3 mo. USD LIBOR + 3.02%		264,090
	162,000	6.500%, 11/15/26 5 year CMT + 5.69%		165,927
		EnLink Midstream Partners, LP
	330,000	6.000%, 12/15/22‡ 3 mo. USD LIBOR + 4.11%		255,628

PRINCIPAL   AMOUNT			VALUE
	224,000	4.850%, 07/15/26		$       234,472
		EQT Corp.
	145,000	7.500%, 02/01/30		190,644
	90,000	6.625%, 02/01/25		104,106
	65,000	5.000%, 01/15/29		73,528
	293,000	Genesis Energy, LP / Genesis Energy Finance Corp. 6.250%, 05/15/26		289,613
		Gulfport Energy Operating Corp.
	215,000	6.375%, 05/15/25@		9,137
	62,910	8.000%, 05/17/26^		67,391
		Laredo Petroleum, Inc.
	229,000	10.125%, 01/15/28		242,715
	57,000	7.750%, 07/31/29*		55,206
	245,000	Magnolia Oil & Gas Operating, LLC / Magnolia Oil & Gas Finance Corp.*^ 6.000%, 08/01/26		251,225
		Moss Creek Resources Holdings, Inc.*
	135,000	10.500%, 05/15/27		129,758
	135,000	7.500%, 01/15/26		122,279
	113,000	Murphy Oil Corp. 6.375%, 07/15/28		119,695
		New Fortress Energy, Inc.*
	113,000	6.500%, 09/30/26		114,344
	111,000	6.750%, 09/15/25		113,378
	125,000	Nine Energy Service, Inc.* 8.750%, 11/01/23		75,270
	56,000	Oasis Midstream Partners, LP / OMP Finance Corp.* 8.000%, 04/01/29		58,598
		Occidental Petroleum Corp.
	690,000	4.300%, 08/15/39		685,032
	510,000	2.900%, 08/15/24		514,192
	114,000	5.875%, 09/01/25^		126,480
	60,000	Ovintiv, Inc.^ 6.500%, 08/15/34		80,156
	130,000	Par Petroleum, LLC / Par Petroleum Finance Corp.* 7.750%, 12/15/25		129,174
	205,000	Parkland Corp. / Canada* 5.875%, 07/15/27		218,825
	270,000	Plains All American Pipeline, LP‡ 6.125%, 11/15/22 3 mo. USD LIBOR + 4.11%		242,128
	83,000	Range Resources Corp.* 8.250%, 01/15/29		92,004
	147,000	Transocean, Inc.*^ 11.500%, 01/30/27		146,449
		Venture Global Calcasieu Pass, LLC*
	55,000	4.125%, 08/15/31		56,738
	55,000	3.875%, 08/15/29		56,226
	112,000	Vine Energy Holdings, LLC* 6.750%, 04/15/29		117,066
	135,000	Viper Energy Partners, LP* 5.375%, 11/01/27		141,651
	220,000	W&T Offshore, Inc.* 9.750%, 11/01/23		211,886
	128,000	Weatherford International, Ltd.* 11.000%, 12/01/24		132,622
				8,486,484

See accompanying Notes to Schedule of Investments

3

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

PRINCIPAL   AMOUNT			VALUE
		Financials (2.7%)
		Acrisure, LLC / Acrisure Finance, Inc.*
	552,000	7.000%, 11/15/25^		$       561,732
	333,000	6.000%, 08/01/29		333,250
	168,000	Aethon United BR, LP / Aethon United Finance Corp.* 8.250%, 02/15/26		179,992
	253,000	AG Issuer, LLC* 6.250%, 03/01/28		266,083
	400,000	Alliant Holdings Intermediate, LLC / Alliant Holdings Co-Issuer* 6.750%, 10/15/27		418,344
		Ally Financial, Inc.
	195,000	4.700%, 05/15/26‡ 5 year CMT + 3.87		204,941
	175,000	8.000%, 11/01/31		255,136
	100,000	4.700%, 05/15/28‡ 7 year CMT + 3.48%		104,173
	220,000	AmWINS Group, Inc.* 4.875%, 06/30/29		224,675
	470,000	AssuredPartners, Inc.* 7.000%, 08/15/25		479,062
	248,000	Aviation Capital Group, LLC* 3.500%, 11/01/27		264,147
	226,000	BroadStreet Partners, Inc.* 5.875%, 04/15/29		230,398
	709,000	Brookfield Property REIT, Inc. / BPR Cumulus, LLC / BPR Nimbus, LLC / GGSI Sellco LL*^ 5.750%, 05/15/26		738,168
		Credit Acceptance Corp.
	237,000	5.125%, 12/31/24*^		245,195
	230,000	6.625%, 03/15/26		243,377
	70,000	Cushman & Wakefield US Borrower, LLC* 6.750%, 05/15/28		75,275
	345,000	Donnelley Financial Solutions, Inc. 8.250%, 10/15/24		357,837
	235,000	Enact Holdings, Inc.*^ 6.500%, 08/15/25		255,194
	321,000	Global Net Lease, Inc. / Global Net Lease Operating Partnership, LP* 3.750%, 12/15/27		318,837
	417,000	Greystar Real Estate Partners, LLC* 5.750%, 12/01/25		427,479
	485,000	HUB International, Ltd.* 7.000%, 05/01/26		503,100
		Icahn Enterprises, LP / Icahn Enterprises Finance Corp.
	325,000	5.250%, 05/15/27		342,326
	164,000	4.375%, 02/01/29		166,221
	500,000	ILFC E-Capital Trust II*‡ 3.910%, 12/21/65 3 mo. USD LIBOR + 1.80%		423,425
	465,000	Iron Mountain, Inc.*^ 5.250%, 03/15/28		487,766
		Jefferies Finance, LLC / JFIN Co- Issuer Corp.*
	600,000	5.000%, 08/15/28		614,586
	350,000	6.250%, 06/03/26		377,353

PRINCIPAL   AMOUNT			VALUE
		Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.*
	447,000	5.250%, 10/01/25		$       454,443
	109,000	4.750%, 06/15/29		108,662
	256,000	LD Holdings Group, LLC* 6.125%, 04/01/28		254,403
		Level 3 Financing, Inc.
	260,000	5.375%, 05/01/25		266,092
	235,000	4.250%, 07/01/28*		239,674
		LPL Holdings, Inc.*
	277,000	4.000%, 03/15/29		281,734
	82,000	4.375%, 05/15/31		84,167
	487,000	MetLife, Inc.^ 6.400%, 12/15/66		624,543
		Navient Corp.
	493,000	5.000%, 03/15/27^		514,426
	260,000	4.875%, 03/15/28		262,491
		OneMain Finance Corp.
	350,000	7.125%, 03/15/26		412,405
	210,000	6.875%, 03/15/25		238,730
		Park Intermediate Holdings, LLC / PK Domestic Property, LLC / PK Finance Co-Issuer*
	134,000	7.500%, 06/01/25		145,343
	110,000	5.875%, 10/01/28		117,434
	140,000	PHH Mortgage Corp.* 7.875%, 03/15/26		143,900
	260,000	Prospect Capital Corp.µ 3.706%, 01/22/26		270,093
	100,000	Quicken Loans, LLC / Quicken Loans Co-Issuer, Inc.* 3.625%, 03/01/29		100,793
	345,000	Radian Group, Inc. 4.875%, 03/15/27		375,232
	260,000	RHP Hotel Properties, LP / RHP Finance Corp.* 4.500%, 02/15/29		262,964
	162,000	RLJ Lodging Trust, LP* 3.750%, 07/01/26		164,333
	135,000	SLM Corp. 4.200%, 10/29/25		146,295
	365,000	Starwood Property Trust, Inc.^ 4.750%, 03/15/25		387,382
	227,000	StoneX Group, Inc.* 8.625%, 06/15/25		246,828
		United Wholesale Mortgage, LLC*
	167,000	5.500%, 11/15/25		172,269
	113,000	5.500%, 04/15/29		112,568
	272,000	VICI Properties, LP / VICI Note Company, Inc.*^ 3.750%, 02/15/27		280,367
		XHR, LP*
	237,000	6.375%, 08/15/25		252,827
	108,000	4.875%, 06/01/29		110,624
				16,129,094
		Health Care (1.3%)
	112,000	Acadia Healthcare Company, Inc.* 5.000%, 04/15/29		117,895
	500,000	Bausch Health Americas, Inc.* 8.500%, 01/31/27		541,580
		Bausch Health Companies, Inc.*
	315,000	5.250%, 02/15/31^		295,498
	245,000	5.000%, 01/30/28		234,512
	96,000	5.000%, 02/15/29		90,792

See accompanying Notes to Schedule of Investments

4

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

PRINCIPAL   AMOUNT			VALUE
		Centene Corp.
	276,000	4.250%, 12/15/27		$       291,122
	111,000	3.000%, 10/15/30		115,544
	113,000	Charles River Laboratories International, Inc.* 3.750%, 03/15/29		115,945
		CHS/Community Health Systems, Inc.*
	435,000	6.125%, 04/01/30		441,316
	295,000	8.000%, 03/15/26		316,441
	127,000	6.875%, 04/15/29		133,831
		DaVita, Inc.*
	335,000	4.625%, 06/01/30		346,410
	163,000	3.750%, 02/15/31		158,713
		Encompass Health Corp.
	110,000	4.750%, 02/01/30^		118,002
	110,000	4.500%, 02/01/28		114,608
	300,000	HCA, Inc. 7.500%, 11/06/33		428,865
	200,000	Jazz Securities DAC* 4.375%, 01/15/29		208,826
	480,000	Mallinckrodt International Finance, SA / Mallinckrodt CB, LLC*@ 5.625%, 10/15/23		319,728
		Organon & Company / Organon Foreign Debt Co-Issuer, BV*
	400,000	5.125%, 04/30/31		412,520
	200,000	4.125%, 04/30/28		205,378
	305,000	Team Health Holdings, Inc.*^ 6.375%, 02/01/25		284,788
		Tenet Healthcare Corp.
	605,000	6.250%, 02/01/27*		631,015
	365,000	6.875%, 11/15/31		418,608
	345,000	4.875%, 01/01/26*		357,713
		Teva Pharmaceutical Finance Netherlands III, BV
	615,000	2.800%, 07/21/23		610,185
	495,000	6.000%, 04/15/24		520,888
				7,830,723
		Industrials (2.2%)
	225,000	Abercrombie & Fitch Management Company* 8.750%, 07/15/25		249,161
	260,000	ACCO Brands Corp.*^ 4.250%, 03/15/29		260,133
		Albertsons Companies, Inc. / Safeway, Inc. / New Albertsons, LP / Albertsons, LLC*
	307,000	4.875%, 02/15/30		332,576
	185,000	4.625%, 01/15/27		195,798
	111,000	3.500%, 03/15/29		112,194
		Allison Transmission, Inc.*
	190,000	4.750%, 10/01/27		198,548
	55,000	3.750%, 01/30/31		55,052
	54,000	Ambience Merger Sub, Inc.* 7.125%, 07/15/29		54,727
	55,000	American Airlines Group, Inc.*^ 3.750%, 03/01/25		49,026
	127,000	Arcosa, Inc.* 4.375%, 04/15/29		130,193
	475,000	ARD Finance, SA* 6.500%, 06/30/27 7.250% PIK rate		501,666
	137,000	Avolon Holdings Funding, Ltd.*µ 5.250%, 05/15/24		150,900

PRINCIPAL   AMOUNT			VALUE
	206,000	Beacon Roofing Supply, Inc.*^ 4.125%, 05/15/29		$       206,717
	226,000	BWX Technologies, Inc.* 4.125%, 04/15/29		231,704
	207,000	Cascades, Inc. / Cascades USA, Inc.*^ 5.125%, 01/15/26		219,406
		Delta Air Lines, Inc.
	57,000	7.375%, 01/15/26		67,169
	57,000	3.800%, 04/19/23^		58,899
		Delta Air Lines, Inc. / SkyMiles IP, Ltd.*
	56,000	4.750%, 10/20/28		62,771
	28,000	4.500%, 10/20/25µ		30,162
	168,000	Endure Digital, Inc.* 6.000%, 02/15/29		163,130
	140,000	EnerSys* 4.375%, 12/15/27		146,665
	260,000	Fly Leasing, Ltd. 5.250%, 10/15/24		263,903
	112,000	GFL Environmental, Inc.* 3.750%, 08/01/25		115,384
		Golden Nugget, Inc.*
	165,000	6.750%, 10/15/24		165,604
	115,000	8.750%, 10/01/25^		121,278
	124,000	Graham Packaging Company, Inc.* 7.125%, 08/15/28		132,767
	140,000	Granite US Holdings Corp.*^ 11.000%, 10/01/27		156,433
		Graphic Packaging International, LLC*
	175,000	4.750%, 07/15/27		189,903
	102,000	3.500%, 03/01/29		101,736
	56,000	Great Lakes Dredge & Dock Corp.* 5.250%, 06/01/29		57,828
	516,000	H&E Equipment Services, Inc.* 3.875%, 12/15/28		512,455
	122,000	HCRX Investments Holdco, LP* 4.500%, 08/01/29		124,613
	340,000	Herc Holdings, Inc.* 5.500%, 07/15/27		357,360
		Howmet Aerospace, Inc.
	200,000	5.125%, 10/01/24^		220,436
	103,000	6.875%, 05/01/25		119,938
	280,000	JELD-WEN, Inc.* 4.625%, 12/15/25		285,645
	109,000	KeHE Distributors, LLC / KeHE Finance Corp.* 8.625%, 10/15/26		118,221
	251,000	Ken Garff Automotive, LLC* 4.875%, 09/15/28		258,831
	110,000	MasTec, Inc.* 4.500%, 08/15/28		116,086
	143,000	Meritor, Inc.* 4.500%, 12/15/28		146,441
	170,000	Moog, Inc.* 4.250%, 12/15/27		175,627
	300,000	Nationstar Mortgage Holdings, Inc.* 5.500%, 08/15/28		305,358
	272,000	Novelis Corp.* 4.750%, 01/30/30		290,050
	260,000	Park-Ohio Industries, Inc. 6.625%, 04/15/27		264,597

See accompanying Notes to Schedule of Investments

5

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

PRINCIPAL   AMOUNT			VALUE
		Patrick Industries, Inc.*
	140,000	7.500%, 10/15/27	$	152,347
	112,000	4.750%, 05/01/29		114,380
	275,000	Peninsula Pacific Entertainment, LLC / Peninsula Pacific Entertainment Finance In* 8.500%, 11/15/27		298,612
	51,000	Picasso Finance Sub, Inc.* 6.125%, 06/15/25		54,107
	240,000	QVC, Inc. 4.375%, 09/01/28		246,770
	255,000	Reynolds Group Issuer, Inc. / Reynolds Group Issuer, LLC / Reynolds Group Issuer Lu* 4.000%, 10/15/27		255,056
	185,000	Scientific Games International, Inc.* 5.000%, 10/15/25		190,302
	112,000	SEG Holding, LLC / SEG Finance Corp.*^ 5.625%, 10/15/28		118,213
	210,000	Sensata Technologies, Inc.* 3.750%, 02/15/31		212,102
		Sinclair Television Group, Inc.*
	112,000	4.125%, 12/01/30		108,728
	100,000	5.500%, 03/01/30^		100,451
		Standard Industries, Inc.*
	225,000	5.000%, 02/15/27		233,116
	56,000	4.375%, 07/15/30^		57,636
		Station Casinos, LLC*
	455,000	4.500%, 02/15/28^		459,345
	181,000	5.000%, 10/01/25		183,521
	112,000	Stericycle, Inc.* 3.875%, 01/15/29		113,683
	166,000	STL Holding Company, LLC* 7.500%, 02/15/26		175,178
	200,000	TransDigm UK Holdings, PLC 6.875%, 05/15/26		211,346
		TransDigm, Inc.
	205,000	7.500%, 03/15/27		217,497
	200,000	6.250%, 03/15/26*		210,154
	114,000	Tronox, Inc.* 4.625%, 03/15/29		116,138
		United Rentals North America, Inc.
	110,000	3.750%, 01/15/32		110,000
	56,000	3.875%, 02/15/31		57,702
	195,000	Waste Pro USA, Inc.* 5.500%, 02/15/26		199,181
		WESCO Distribution, Inc.*
	136,000	7.125%, 06/15/25^		146,698
	67,000	7.250%, 06/15/28		74,699
	350,000	XPO Logistics, Inc.* 6.750%, 08/15/24		363,380
				12,857,433
		Information Technology (0.5%)
	109,000	Booz Allen Hamilton, Inc.* 4.000%, 07/01/29		112,430
	140,000	CDK Global, Inc.* 5.250%, 05/15/29		152,653
	200,000	CommScope Technologies, LLC* 6.000%, 06/15/25		203,240
	310,000	Dell International, LLC / EMC Corp.µ 6.020%, 06/15/26		373,221

PRINCIPAL   AMOUNT			VALUE
	138,000	Fair Isaac Corp.* 4.000%, 06/15/28		$       144,400
	245,000	KBR, Inc.* 4.750%, 09/30/28		249,388
	245,000	MPH Acquisition Holdings, LLC*^ 5.750%, 11/01/28		238,312
	113,000	NCR Corp.* 5.125%, 04/15/29		117,770
	253,000	Nielsen Finance, LLC / Nielsen Finance Company* 4.500%, 07/15/29		255,543
	167,000	ON Semiconductor Corp.* 3.875%, 09/01/28		174,006
	204,000	Open Text Corp.* 3.875%, 02/15/28		211,164
	113,000	Playtika Holding Corp.* 4.250%, 03/15/29		112,824
	260,000	TTM Technologies, Inc.*^ 4.000%, 03/01/29		261,947
		Twilio, Inc.
	150,000	3.625%, 03/15/29		154,290
	57,000	3.875%, 03/15/31		59,647
	260,000	ZoomInfo Technologies, LLC / ZoomInfo Finance Corp.* 3.875%, 02/01/29		260,504
				3,081,339
		Materials (0.6%)
	140,000	Allegheny Technologies, Inc.^ 5.875%, 12/01/27		147,210
	195,000	ArcelorMittal, SA 7.250%, 10/15/39		284,971
	355,000	Clearwater Paper Corp.*^ 4.750%, 08/15/28		359,214
	200,000	First Quantum Minerals, Ltd.*^ 7.250%, 04/01/23		203,864
		Freeport-McMoRan, Inc.
	125,000	5.450%, 03/15/43		160,710
	115,000	5.400%, 11/14/34		146,202
	167,000	HB Fuller Company 4.250%, 10/15/28		171,085
	226,000	Intertape Polymer Group, Inc.* 4.375%, 06/15/29		231,494
	215,000	JW Aluminum Continuous Cast Company* 10.250%, 06/01/26		226,786
		Kaiser Aluminum Corp.*
	135,000	4.625%, 03/01/28^		141,149
	28,000	4.500%, 06/01/31		29,151
	184,000	Mercer International, Inc.^ 5.125%, 02/01/29		187,897
		New Gold, Inc.*
	86,000	6.375%, 05/15/25		88,775
	57,000	7.500%, 07/15/27^		61,611
	240,000	OCI, NV*^ 4.625%, 10/15/25		249,264
	112,000	Owens-Brockway Glass Container, Inc.*^ 6.625%, 05/13/27		121,484
	111,000	PBF Holding Company, LLC / PBF Finance Corp. 7.250%, 06/15/25		67,075
	200,000	Silgan Holdings, Inc. 4.125%, 02/01/28		207,832

See accompanying Notes to Schedule of Investments

6

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

PRINCIPAL   AMOUNT				VALUE
	113,000		Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc.* 5.125%, 04/01/29		$       115,334
	201,000		Univar Solutions USA, Inc.* 5.125%, 12/01/27		210,851
	111,000		Valvoline, Inc.* 3.625%, 06/15/31		110,654
					3,522,613
			Real Estate (0.2%)
	174,000		EPR Properties^ 3.750%, 08/15/29		176,716
			Forestar Group, Inc.*
	187,000		5.000%, 03/01/28		194,927
	55,000		3.850%, 05/15/26		55,838
	166,000		iStar, Inc. 5.500%, 02/15/26		174,280
			Service Properties Trust
	345,000		4.350%, 10/01/24		348,226
	105,000		5.250%, 02/15/26		106,285
					1,056,272
			Utilities (0.2%)
	175,000		NRG Energy, Inc. 6.625%, 01/15/27		181,365
	330,000		PPL Capital Funding, Inc.^‡ 2.812%, 03/30/67 3 mo. USD LIBOR + 2.67%		323,575
			Talen Energy Supply, LLC*
	140,000		10.500%, 01/15/26		96,643
	70,000		7.250%, 05/15/27		63,908
	260,000		TerraForm Power Operating, LLC* 5.000%, 01/31/28		281,533
					947,024
			TOTAL CORPORATE BONDS (Cost $79,541,220)		82,987,118
	CONVERTIBLE BONDS (28.8%)
			Airlines (0.2%)
	10,000,000	HKD	Cathay Pacific Finance III, Ltd. 2.750%, 02/05/26		1,286,862
			Communication Services (3.7%)
	200,000	EUR	America Movil, BV 0.000%, 03/02/24		248,617
	325,000		Bharti Airtel, Ltd.* 1.500%, 02/17/25		387,952
	100,000	EUR	Cellnex Telecom, SA 1.500%, 01/16/26		222,938
	20,000,000	JPY	CyberAgent, Inc. 0.000%, 02/19/25		250,333
	2,881,000		Eventbrite, Inc.*µ 0.750%, 09/15/26		2,724,562
			iQIYI, Inc.
	185,000		2.000%, 04/01/25		158,584
	179,000		4.000%, 12/15/26		153,516
	1,000,000		Kakao Corp. 0.000%, 04/28/23		1,517,520
			Liberty Media Corp.
	4,210,000		0.500%, 12/01/50*		4,662,238
	145,000		1.375%, 10/15/23		192,805
	153,000		Liberty Media Corp. / Liberty Formula One 1.000%, 01/30/23		202,642

PRINCIPAL   AMOUNT				VALUE
	1,810,000		Live Nation Entertainment, Inc. 2.500%, 03/15/23		$    2,359,715
	1,745,000		Sea, Ltd. 2.375%, 12/01/25		5,424,437
			Snap, Inc.
	612,000		0.000%, 05/01/27*		704,534
	153,000		0.750%, 08/01/26		500,899
			Twitter, Inc.
	407,000		0.000%, 03/15/26*		391,701
	290,000		0.250%, 06/15/24^		402,152
	800,000		Xiaomi Best Time International, Ltd. 0.000%, 12/17/27		831,952
	165,000		Zynga, Inc. 0.250%, 06/01/24		220,501
					21,557,598
			Consumer Discretionary (9.7%)
	203,000		Airbnb, Inc.*µ 0.000%, 03/15/26		190,268
	152,000		Baozun, Inc. 1.625%, 05/01/24		138,442
	2,869,000		Booking Holdings, Inc.^ 0.750%, 05/01/25		4,049,880
	5,345,000		Cheesecake Factory, Inc.µ 0.375%, 06/15/26		5,014,144
	100,000	EUR	Delivery Hero, SE 0.250%, 01/23/24		163,412
	415,000		DISH Network Corp.µ 2.375%, 03/15/24		402,147
	410,000		DraftKings, Inc.*µ 0.000%, 03/15/28		359,914
	200,000	CHF	Dufry One, BV 0.750%, 03/30/26		211,521
	161,000		Etsy, Inc.*µ^ 0.125%, 09/01/27		194,053
	825,000		Expedia Group, Inc.*^ 0.000%, 02/15/26		887,057
	80,000		Fiverr International, Ltd.* 0.000%, 11/01/25		108,914
	9,700,000		Ford Motor Company*µ 0.000%, 03/15/26		10,394,035
	4,500,000	EUR	Global Fashion Group, SA 1.250%, 03/15/28		5,322,802
	100,000	EUR	HelloFresh, SE 0.750%, 05/13/25		203,056
	937,000		Liberty Broadband Corp.*µ 2.750%, 09/30/50		1,005,944
			Liberty Interactive, LLC
	270,000		4.000%, 11/15/29µ		208,070
	160,000		3.750%, 02/15/30		123,430
	296,000		MakeMyTrip, Ltd.* 0.000%, 02/15/28		299,220
	7,135,000		Marriott Vacations Worldwide Corp.* 0.000%, 01/15/26		7,628,956
	2,400,000		Meituan 0.000%, 04/27/28		2,230,992
	216,000		NCL Corp., Ltd.* 5.375%, 08/01/25		341,829
	100,000	GBP	Ocado Group, PLC 0.750%, 01/18/27		137,299
	244,000		Peloton Interactive, Inc.* 0.000%, 02/15/26		230,890
	339,000		Pinduoduo, Inc. 0.000%, 12/01/25		314,806

See accompanying Notes to Schedule of Investments

7

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

PRINCIPAL   AMOUNT				VALUE
	473,000		Royal Caribbean Cruises, Ltd. 4.250%, 06/15/23		$       609,461
	168,500	EUR	SEB, SA 0.000%, 11/17/21		363,379
	2,799,000		Shake Shack, Inc.* 0.000%, 03/01/28		2,622,971
	100,000	EUR	Shop Apotheke Europe, NV 0.000%, 01/21/28		113,403
	162,000		Stride, Inc.*µ 1.125%, 09/01/27		148,091
	17,000		Tesla, Inc. 2.000%, 05/15/24		188,402
	9,160,000		Vail Resorts, Inc.*^ 0.000%, 01/01/26		9,248,944
	314,000		Vroom, Inc.* 0.750%, 07/01/26		305,478
	318,000		Wayfair, Inc.* 0.625%, 10/01/25		308,934
	1,800,000	GBP	WH Smith, PLC 1.625%, 05/07/26		2,455,364
	200,000	EUR	Zalando, SE 0.050%, 08/06/25		295,390
					56,820,898
			Consumer Staples (0.9%)
	600,000		Carrefour, SAµ 0.000%, 03/27/24		616,722
	20,000,000	JPY	Nippn Corp. 0.000%, 06/20/25		183,301
	4,975,000	CAD	Premium Brands Holdings Corp. 4.200%, 09/30/27		4,458,479
	179,000		Turning Point Brands, Inc. 2.500%, 07/15/24		213,896
					5,472,398
			Energy (0.1%)
	273,000		Pioneer Natural Resources Company 0.250%, 05/15/25		401,635
			SunEdison, Inc.@
	2,261,000		0.250%, 01/15/20		34,978
	275,000		2.000%, 10/01/18		4,254
					440,867
			Financials (2.8%)
	51,000,000	HKD	Citigroup Global Markets Funding Luxembourg SCA 0.000%, 05/28/24		7,304,390
	192,000		Coinbase Global, Inc.*µ 0.500%, 06/01/26		193,857
	600,000	EUR	Corestate Capital Holding, SA 1.375%, 11/28/22		630,553
	100,000	GBP	Cornwall Jersey, Ltd. 0.750%, 04/16/26		127,648
	150,000		GSK Finance No 3, PLC*µ 0.000%, 06/22/23		151,514
			JPMorgan Chase Bank NAµ
	730,000		0.125%, 01/01/23*^		778,516
	200,000		0.000%, 08/07/22		235,672
	200,000	EUR	LEG Immobilien, SE 0.875%, 09/01/25		302,593
	200,000	EUR	Oliver Capital Sarl 0.000%, 12/29/23		259,741
	2,595,000		Realogy Group, LLC / Realogy Co-Issuer Corp.* 0.250%, 06/15/26		2,628,631

PRINCIPAL   AMOUNT				VALUE
			SBI Holdings, Inc.
	240,000,000	JPY	0.000%, 07/25/25		$    2,381,689
	20,000,000	JPY	0.000%, 09/13/23		187,696
	700,000	EUR	SGX Treasury I Pte, Ltd. 0.000%, 03/01/24		870,490
	210,000		Starwood Property Trust, Inc.µ 4.375%, 04/01/23		225,347
					16,278,337
			Health Care (2.0%)
	197,000		Bridgebio Pharma, Inc.*µ 2.250%, 02/01/29		180,032
	135,000		Coherus Biosciences, Inc.µ 1.500%, 04/15/26		135,171
	142,000		Dexcom, Inc.µ 0.250%, 11/15/25		161,924
	100,000	EUR	GN Store Nord AS 0.000%, 05/21/24		150,732
	205,000		Haemonetics Corp.*µ 0.000%, 03/01/26		174,172
	206,000		Halozyme Therapeutics, Inc.*µ 0.250%, 03/01/27		188,731
	73,000		Innoviva, Inc.µ 2.500%, 08/15/25		81,356
	232,000		Insulet Corp.µ 0.375%, 09/01/26		321,339
	167,000		Integra LifeSciences Holdings Corp.µ 0.500%, 08/15/25		190,126
	2,706,000		Jazz Investments I, Ltd.µ 2.000%, 06/15/26		3,508,194
	2,740,000		LivaNova USA, Inc. 3.000%, 12/15/25		4,334,022
	30,000,000	JPY	Menicon Company, Ltd. 0.000%, 01/29/25		325,257
	181,000		NeoGenomics, Inc. 0.250%, 01/15/28		178,377
	143,000		Novocure, Ltd.* 0.000%, 11/01/25		170,342
	165,000		NuVasive, Inc. 0.375%, 03/15/25		160,593
	376,000		Oak Street Health, Inc.* 0.000%, 03/15/26		398,207
	145,000		Omnicell, Inc.* 0.250%, 09/15/25		228,405
			Pacira BioSciences, Inc.
	135,000		0.750%, 08/01/25		148,551
	26,000		2.375%, 04/01/22		27,765
	171,000		Tabula Rasa HealthCare, Inc. 1.750%, 02/15/26		164,466
	203,000		Teladoc Health, Inc. 1.250%, 06/01/27		218,666
					11,446,428
			Industrials (3.1%)
	250,000		Air Canadaµ 4.000%, 07/01/25		381,488
	2,700,000	EUR	Duerr, AG 0.750%, 01/15/26		4,194,900
	5,920,000		JetBlue Airways Corp.*µ~ 0.500%, 04/01/26		5,855,176
	2,781,000		John Bean Technologies Corp.*µ 0.250%, 05/15/26		2,999,003
	161,000		Middleby Corp.* 1.000%, 09/01/25		251,847

See accompanying Notes to Schedule of Investments

8

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

PRINCIPAL   AMOUNT				VALUE
	2,623,000		Southwest Airlines Companyµ~ 1.250%, 05/01/25		$    3,853,974
	393,000		Sunrun, Inc.*^ 0.000%, 02/01/26		350,937
	355,000		Uber Technologies, Inc.*^ 0.000%, 12/15/25		346,760
	200,000		Vinci, SA 0.375%, 02/16/22		224,820
					18,458,905
			Information Technology (4.4%)
	196,000		21Vianet Group, Inc.*^ 0.000%, 02/01/26		158,674
	400,000	AUD	Afterpay, Ltd. 0.000%, 03/12/26		249,025
	190,000		Akamai Technologies, Inc.µ 0.125%, 05/01/25		253,872
			Alteryx, Inc.µ
	165,000		1.000%, 08/01/26		152,925
	165,000		0.500%, 08/01/24		156,748
	188,000		Bill.com Holdings, Inc.*µ 0.000%, 12/01/25		273,262
	430,000		Coupa Software, Inc.µ 0.375%, 06/15/26		461,678
	162,000		CyberArk Software, Ltd.µ 0.000%, 11/15/24		185,025
	146,000		Datadog, Inc.µ 0.125%, 06/15/25		202,594
	207,000		Dropbox, Inc.*µ 0.000%, 03/01/28		233,148
	504,000	CAD	Dye & Durham, Ltd.* 3.750%, 03/01/26		409,025
	206,000		Enphase Energy, Inc.*µ 0.000%, 03/01/28		208,938
	411,000		Fastly, Inc.*µ 0.000%, 03/15/26		359,296
	142,000		Five9, Inc.µ 0.500%, 06/01/25		229,665
	2,400,000		Globalwafers Company, Ltd. 0.000%, 06/01/26		2,521,896
	175,000		LivePerson, Inc.* 0.000%, 12/15/26		189,476
	324,000		Lumentum Holdings, Inc. 0.500%, 12/15/26		356,371
	451,000		Microchip Technology, Inc.^ 0.125%, 11/15/24		494,959
	418,000		MicroStrategy, Inc.* 0.000%, 02/15/27		309,813
	186,000		New Relic, Inc. 0.500%, 05/01/23		186,082
	200,000	EUR	Nexi S.p.A 1.750%, 04/24/27		291,654
	162,000		Nice, Ltd.*^ 0.000%, 09/15/25		183,885
	241,000		Okta, Inc.^ 0.125%, 09/01/25		351,682
	2,789,000		ON Semiconductor Corp.* 0.000%, 05/01/27		2,968,054
			Palo Alto Networks, Inc.
	190,000		0.750%, 07/01/23		293,592
	148,000		0.375%, 06/01/25		212,337
	173,000		Pegasystems, Inc. 0.750%, 03/01/25		196,365
	296,000		Repay Holdings Corp.* 0.000%, 02/01/26		294,857

PRINCIPAL   AMOUNT				VALUE
	320,000		RingCentral, Inc.* 0.000%, 03/15/26		$       315,507
	20,000,000	JPY	SCREEN Holdings Company, Ltd. 0.000%, 06/11/25		205,323
	3,344,000		Shift4 Payments, Inc.* 0.000%, 12/15/25		4,350,912
	68,000		Shopify, Inc. 0.125%, 11/01/25		89,663
	145,000		Silicon Laboratories, Inc. 0.625%, 06/15/25		196,930
	148,300	EUR	SOITEC 0.000%, 10/01/25		413,701
	190,000		Splunk, Inc.µ^ 1.125%, 09/15/25		229,837
	4,544,000		Square, Inc.*µ^ 0.250%, 11/01/27		5,361,693
	200,000		Tyler Technologies, Inc.* 0.250%, 03/15/26		228,768
	200,000		Win Semiconductors Corp. 0.000%, 01/14/26		203,370
	318,000		Wix.com, Ltd.* 0.000%, 08/15/25		347,510
	228,000		Workday, Inc. 0.250%, 10/01/22		369,143
	170,000		Workiva, Inc. 1.125%, 08/15/26		297,095
	265,000		Xero Investments, Ltd. 0.000%, 12/02/25		263,267
	308,000		Zendesk, Inc. 0.625%, 06/15/25		419,783
	145,000		Zscaler, Inc.µ 0.125%, 07/01/25		242,281
					25,919,681
			Materials (0.7%)
	750,000		BASF, SEµ 0.925%, 03/09/23		752,715
	2,565,000		Ivanhoe Mines, Ltd.*µ 2.500%, 04/15/26		3,208,841
	100,000	EUR	Symrise, AG 0.238%, 06/20/24		159,960
	10,000,000	JPY	Teijin, Ltd. 0.000%, 12/10/21		91,372
					4,212,888
			Real Estate (1.1%)
	200,000	EUR	ANLLIAN Capital, Ltd. 0.000%, 02/05/25		377,688
	310,000		ESR Cayman, Ltd. 1.500%, 09/30/25		340,073
	400,000	EUR	Grand City Properties, SA 0.250%, 03/02/22		493,095
	145,000		IH Merger Sub, LLCµ 3.500%, 01/15/22		259,406
			Redfin Corp.*
	2,815,000		0.500%, 04/01/27		2,710,817
	330,000		0.000%, 10/15/25		357,875
	20,000,000	JPY	Relo Group, Inc. 0.000%, 12/17/27		187,607
	1,400,000		Vingroup, JSC 3.000%, 04/20/26		1,505,084
					6,231,645

See accompanying Notes to Schedule of Investments

9

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

PRINCIPAL   AMOUNT				VALUE
			Utilities (0.1%)
	2,120,000	EUR	Voltalia, SA 1.000%, 01/13/25		$       806,286
			TOTAL CONVERTIBLE BONDS (Cost $158,990,201)		168,932,793
	U.S. GOVERNMENT AND AGENCY SECURITY (0.1%)
			Other (0.1%)
	342,000		U.S. Treasury Noteµ 1.750%, 07/15/22 (Cost $347,263)		347,457
	BANK LOANS (2.2%) ¡
			Airlines (0.1%)
	190,000		AAdvantage Loyalty IP, Ltd.‡ 5.500%, 04/20/28 3 mo. LIBOR + 4.75%		195,629
	284,288		United Airlines, Inc.‡ 4.500%, 04/21/28 1 mo. LIBOR + 3.75%		285,159
					480,788
			Communication Services (0.6%)
	343,875		Clear Channel Outdoor Holdings, Inc.‡ 3.629%, 08/21/26 3 mo. LIBOR + 3.50%		334,455
	221,063		CommScope, Inc.‡ 3.342%, 04/06/26 1 mo. LIBOR + 3.25%		219,266
	139,231		Consolidated Communications, Inc.‡ 4.250%, 10/02/27 1 mo. LIBOR + 3.50%		138,935
	147,381		CSC Holdings, LLC‡ 2.593%, 04/15/27 1 mo. LIBOR + 2.50%		145,775
	620,000		DIRECTV Financing, LLC! 0.000%, 07/21/27		619,538
	339,150		Frontier Communications Corp.‡ 4.500%, 05/01/28 3 mo. LIBOR + 3.75%		339,576
	170,000		Frontier Communications Corp.! 0.000%, 05/01/28		170,213
	235,081		iHeartCommunications, Inc.‡ 3.092%, 05/01/26 1 mo. LIBOR + 3.00%		232,289
	631,800		Intelsat Jackson Holdings, SA@ 8.625%, 01/02/24		644,550
	415,000		Intelsat Jackson Holdings, SA‡@ 8.750%, 01/02/24 3 mo. PRIME + 5.50%		423,744
					3,268,341
			Consumer Discretionary (0.4%)
	110,000		At Home Group, Inc.! 0.000%, 06/24/28		110,137
	55,000		At Home Group, Inc.‡ 4.750%, 06/24/28 3 mo. LIBOR + 4.25%		55,069

PRINCIPAL   AMOUNT			VALUE
	223,875	Life Time Fitness, Inc.‡ 5.750%, 12/16/24 3 mo. LIBOR + 4.75%		$       224,016
	318,368	Meredith Corp.‡ 5.250%, 01/31/25 3 mo. LIBOR + 4.25%		325,466
	394,013	Petco Health and Wellness Company, Inc.‡ 4.000%, 03/03/28 3 mo. LIBOR + 3.25%		392,750
	445,000	PetSmart, Inc.‡ 4.500%, 02/12/28 6 mo. LIBOR + 3.75%		445,389
	167,680	Rent-A-Center, Inc.‡ 4.750%, 02/17/28 1 mo. LIBOR + 4.00%		168,518
	85,000	Rent-A-Center, Inc.! 0.000%, 02/17/28		85,425
	201,700	TKC Holdings, Inc.! 0.000%, 05/15/28		199,620
	55,800	TKC Holdings, Inc.‡ 6.500%, 05/15/28 3 mo. LIBOR + 5.50%		55,225
	385,000	WW International, Inc.‡ 4.000%, 04/13/28 1 mo. LIBOR + 3.500%		384,640
				2,446,255
		Consumer Staples (0.0%)
	99,022	United Natural Foods, Inc.‡ 3.592%, 10/22/25 1 mo. LIBOR + 3.50%		98,836
		Energy (0.0%)
	274,013	Par Pacific Holdings, Inc.‡ 6.870%, 01/12/26 3 mo. LIBOR + 6.75%		272,644
		Financials (0.1%)
	300,000	Jazz Financing Lux Sarl‡ 4.000%, 05/05/28 1 mo. LIBOR + 3.50%		300,750
		Health Care (0.5%)
	699,323	Amneal Pharmaceuticals, LLC‡ 3.625%, 05/04/25 1 mo. LIBOR + 3.50%		677,798
	275,617	Endo Luxembourg Finance Company I Sarl‡ 5.750%, 03/27/28 3 mo. LIBOR + 5.00%		269,863
	363,457	Gentiva Health Services, Inc.‡ 2.875%, 07/02/25 1 mo. LIBOR + 2.75%		362,550
	104,071	Icon Luxembourg Sarl! 0.000%, 07/03/28		103,978
	80,054	Icon Luxembourg Sarl‡ 3.000%, 07/03/28 3 mo. LIBOR + 2.50%		79,983
	25,929	Icon Luxembourg Sarl! 0.000%, 07/03/28		25,906
	19,946	Icon Luxembourg Sarl‡ 3.000%, 07/03/28 3 mo. LIBOR + 2.50%		19,928

See accompanying Notes to Schedule of Investments

10

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

PRINCIPAL   AMOUNT			VALUE
	302,181	Mallinckrodt International Finance, SA‡ 6.000%, 09/24/24 6 mo. LIBOR + 5.25%		$       294,565
	250,000	Padagis, LLC‡ 5.250%, 07/06/28 3 mo. LIBOR + 4.75%		250,781
	603,330	Team Health Holdings, Inc.‡ 3.750%, 02/06/24 1 mo. LIBOR + 2.75%		585,513
				2,670,865
		Industrials (0.3%)
	110,000	ACProducts, Inc.‡ 4.750%, 05/05/28 6 mo. LIBOR + 4.25%		109,459
	140,000	Air Canada! 0.000%, 07/28/28		140,409
	440,100	Berry Global, Inc.‡ 1.850%, 07/01/26 1 mo. LIBOR + 1.75%		435,463
	217,800	BW Gas & Convenience Holdings, LLC‡ 4.000%, 03/17/28 1 mo. LIBOR + 3.50%		218,344
	281,448	Dun & Bradstreet Corp.‡ 3.336%, 02/06/26 1 mo. LIBOR + 3.25%		279,425
	206,372	Granite Holdings US Acquisition Company‡ 4.147%, 09/30/26 3 mo. LIBOR + 4.00%		206,372
	189,807	RegionalCare Hospital Partners Holdings, Inc.‡ 3.842%, 11/16/25 1 mo. LIBOR + 3.75%		188,438
	423,435	Scientific Games International, Inc.‡ 2.842%, 08/14/24 1 mo. LIBOR + 2.75%		417,761
	68,428	TransDigm, Inc.‡ 2.342%, 12/09/25 1 mo. LIBOR + 2.25%		67,310
				2,062,981
		Information Technology (0.2%)
	140,000	AP Core Holdings II, LLC! 0.000%, 07/21/27		139,563
	304,129	Banff Merger Sub, Inc.‡ 3.842%, 10/02/25 1 mo. LIBOR + 3.75%		301,983
	329,975	Camelot U.S. Acquisition 1 Company‡ 3.092%, 10/30/26 1 mo. LIBOR + 3.00%		327,211
	154,225	Camelot U.S. Acquisition 1 Company‡ 4.000%, 10/30/26 1 mo. LIBOR + 3.00%		154,394
	288,031	VFH Parent, LLC‡ 3.085%, 03/01/26 1 mo. LIBOR + 3.00%		286,334
				1,209,485

PRINCIPAL   AMOUNT			VALUE
		Materials (0.0%)
	197,500	Innophos, Inc.‡ 3.592%, 02/07/27 1 mo. LIBOR + 3.50%	$	197,377
		TOTAL BANK LOANS (Cost $13,055,223)		13,008,322
NUMBER OF   SHARES			VALUE
	CONVERTIBLE PREFERRED STOCKS (9.9%)
		Communication Services (1.3%)
	5,907	2020 Cash Mandatory Exchangeable Trust* 5.250%, 06/01/23		7,474,305
		Consumer Discretionary (1.8%)
	55,100	Aptiv, PLCµ 5.500%, 06/15/23		10,345,576
		Energy (0.0%)
	5	Gulfport Energy Operating Corp. 10.000%, 08/30/21 15.000% PIK rate		24,625
		Financials (1.2%)
	162,700BRL	Banco Bradesco, SA 0.000%		757,543
	417	Bank of America Corp.µ‡‡ 7.250%		616,972
	60,618	KKR & Company, Inc.µ^ 6.000%, 09/15/23		5,033,719
	413	Wells Fargo & Company‡ ‡‡ 7.500%		624,667
				7,032,901
		Health Care (1.8%)
	2,030	Avantor, Inc.µ 6.250%, 05/15/22		234,769
	5,293	Danaher Corp.µ 4.750%, 04/15/22		10,547,626
				10,782,395
		Industrials (1.7%)
	27,200	Clarivate, PLC 5.250%, 06/01/24		2,472,480
	62,608	Stanley Black & Decker, Inc.µ^ 5.250%, 11/15/22		7,387,744
				9,860,224
		Information Technology (0.8%)
	2,971	Broadcom, Inc.µ~ 8.000%, 09/30/22		4,588,234
		Utilities (1.3%)
	27,395	AES Corp.µ 6.875%, 02/15/24		2,777,305
	3,391	American Electric Power Company, Inc.µ 6.125%, 03/15/22		170,466
	3,250	DTE Energy Companyµ 6.250%, 11/01/22		166,725

See accompanying Notes to Schedule of Investments

11

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

NUMBER OF   SHARES				VALUE
	4,476		Essential Utilities, Inc.µ 6.000%, 04/30/22		$       271,469
			NextEra Energy, Inc.
	69,293		4.872%, 09/01/22		4,072,350
	4,936		6.219%, 09/01/23		256,129
					7,714,444
			TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $53,849,526)		57,822,704
	COMMON STOCKS (85.9%)
			Communication Services (6.3%)
	86,500		America Movil, SAB de CV - Class L^		1,440,225
	2,082		Cumulus Media, Inc. - Class A#		24,547
	25,500		Facebook, Inc. - Class A^#		9,085,650
	1		Frontier Communications Parent, Inc.^#		30
	3,555		Lumen Technologies, Inc.^		44,331
	3,555	KRW	NAVER Corp.		1,339,884
	96,000	EUR	Orange, SA		1,068,397
	4,895		Sea, Ltd.^#		1,351,803
	3,190	KRW	SK Telecom Company, Ltd.		835,569
	158,170		Tencent Holdings, Ltd.^		9,680,004
	29,100	HKD	Tencent Holdings, Ltd.		1,754,967
	1,176,545	GBP	Vodafone Group, PLC		1,891,828
	47,945		Walt Disney Company^~#		8,439,279
					36,956,514
			Consumer Discretionary (10.9%)
	79,000	HKD	Alibaba Group Holding, Ltd.#		1,929,397
	28,771		Alibaba Group Holding, Ltd.#		5,615,812
	431,500	MXN	Alsea, SAB de CV#		870,533
	4,465		Amazon.com, Inc.^#		14,857,692
	14,500	CNY	China Tourism Group Duty Free Corp., Ltd. - Class A		542,324
	2,300		Chipotle Mexican Grill, Inc. - Class A^#		4,285,912
	162,100	BRL	CVC Brasil Operadora e Agencia de Viagens, SA#		694,059
	22,850	INR	Dixon Technologies India, Ltd.#		1,323,689
	45,000		DR Horton, Inc.^		4,294,350
	39,000	TWD	Eclat Textile Company, Ltd.		851,486
	90,000		General Motors Company#		5,115,600
	6,035	KRW	Hyundai Motor Company		1,148,550
	304,800	INR	Indian Hotels Company, Ltd.		591,787
	19,400	INR	Jubilant Foodworks, Ltd.#		986,015
	179,000	HKD	Li Ning Company, Ltd.		1,890,475
	11,585	EUR	LVMH Moet Hennessy Louis Vuitton, SE		9,275,727
	23,370		MakeMyTrip, Ltd.^#		665,110
	640		MercadoLibre, Inc.#		1,003,968
	55,900	ZAR	Mr Price Group, Ltd.		831,333
	17,525		Newell Brands, Inc.^~		433,744
	534,000	HKD	Samsonite International, SA*#		993,934
	36,700	HKD	Shenzhou International Group Holdings, Ltd.		814,493
	4,430		Tesla, Inc.^#		3,044,296
	32,700		Trip.com Group, Ltd.#		847,911
	15,400	HKD	Yum China Holdings, Inc.µ		943,696
					63,851,893

NUMBER OF   SHARES				VALUE
			Consumer Staples (4.7%)
	43,100		Celsius Holdings, Inc.#		$    2,957,953
	117,775		Coca-Cola Company^		6,716,708
	12,900		Costco Wholesale Corp.		5,543,388
	49,900	EUR	Danone, SA		3,670,319
	2,600	CNY	Kweichow Moutai Company, Ltd. - Class A		677,195
	70,494	HKD	L’Occitane International, SA		245,069
	81,100		Mondelez International, Inc. - Class A		5,130,386
	106,700	BRL	Raia Drogasil, SA		517,085
	96,250	INR	Varun Beverages, Ltd.		980,803
	300,700	MXN	Wal-Mart de Mexico, SAB de CV		990,639
					27,429,545
			Energy (3.2%)
	1,405		Bonanza Creek Energy, Inc.^		54,050
	11,178		Calfrac Well Services, Ltd.#		32,304
	70,100	CAD	Canadian Natural Resources, Ltd.		2,313,255
	2,577		Chaparral Energy, Inc. - Class A#		97,926
	770		Chesapeake Energy Corp.		41,619
	31,175		Chevron Corp.^~		3,173,927
	1,028		Denbury, Inc.#		67,550
	23,500		Devon Energy Corp.^~		607,240
	5,899		Diamond Offshore Drilling, Inc.#		34,952
	9,620		Energy Transfer, LP		94,853
	10,420		Enterprise Products Partners, LP		235,179
	1,826		EP Energy Corp.&#		180,774
	59,900		Exxon Mobil Corp.~		3,448,443
	1,462		Gulfport Energy Operating Corp.#		99,855
	13,835		Lonestar Resources US, Inc.#		136,275
	2,930		Magellan Midstream Partners, LP		136,538
	506		Oasis Petroleum, Inc.^		46,405
	33,900	INR	Reliance Industries, Ltd.		930,045
	82,300	GBP	Royal Dutch Shell, PLC		1,654,309
	93,075	EUR	Royal Dutch Shell, PLC - Class A		1,890,662
	98,974		Schlumberger, NV~		2,853,420
	4,189		Superior Energy Services, Inc.#		163,371
	4,900		Targa Resources Corp.		206,339
	4,287		Weatherford International, PLC#		74,765
	791		Whiting Petroleum Corp.#		37,098
	2,500		Williams Companies, Inc.^		62,625
					18,673,779
			Financials (14.4%)
	87,600	HKD	AIA Group, Ltd.		1,048,201
	406,550	IDR	Bank Central Asia, Tbk PT		839,264
	761,400	IDR	Bank Jago, Tbk PT#		944,909
	223,200		Bank of America Corp.~		8,561,952
	625,000	TWD	Cathay Financial Holding Company, Ltd.		1,216,445
	74,300	TWD	Chailease Holding Company, Ltd.		616,588
	222,500	HKD	China Merchants Bank Company, Ltd. - Class H		1,692,680
	282,400	ZAR	FirstRand, Ltd.		1,047,574
	134,800	MXN	Grupo Financiero Banorte, SAB de CV - Class O		872,065
	24,950	KRW	Hana Financial Group, Inc.		941,329
	556,150	INR	HDFC Bank, Ltd.		10,691,774
	15,300	HKD	Hong Kong Exchanges & Clearing, Ltd.		977,818
	33,150	INR	Housing Development Finance Corp., Ltd.		1,091,911
	122,780		ICICI Bank, Ltd.^		2,282,480
	567,300	EUR	ING Groep, NV		7,278,852

See accompanying Notes to Schedule of Investments

12

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

NUMBER OF   SHARES				VALUE
	1,314,000	EUR	Intesa Sanpaolo, S.p.A		$    3,629,986
	218,825		Itau Unibanco Holding, SA^		1,262,620
	68,550		JPMorgan Chase & Company~		10,404,519
	219,000	THB	Kasikornbank PCL		681,519
	71,835		Morgan Stanley		6,894,723
	82,700	EUR	NN Group, NV		4,111,543
	16,300	HUF	OTP Bank Nyrt#		878,992
	53,700		Sberbank of Russia, PJSC		893,031
	61,950	INR	SBI Cards & Payment Services, Ltd.#		859,259
	32,600	KRW	Shinhan Financial Group Company, Ltd.		1,104,917
	304,570		UBS Group, AG^#		5,019,314
	182,625		Wells Fargo & Companyµ~		8,389,793
					84,234,058
			Health Care (6.7%)
	92,956	CNY	Aier Eye Hospital Group Company, Ltd. - Class A		848,791
	214,606		Alcon, Inc.^		15,623,317
	21,760		Eli Lilly & Company		5,298,560
	5,400	CHF	Lonza Group, AG		4,204,577
	81,600		Novo Nordisk, A/S		7,556,160
	7,900	CNY	Shenzhen Mindray Bio-Medical Electronics Company, Ltd. - Class A		479,289
	7,700		UnitedHealth Group, Inc.^		3,174,094
	135,000	HKD	Wuxi Biologics Cayman, Inc.*#		2,062,024
					39,246,812
			Industrials (7.5%)
	37,029	EUR	Alstom, SA#		1,535,827
	67,600	ZAR	Barloworld, Ltd.		498,675
	2,060		Boeing Company#		466,549
	89,000		CAE, Inc.#		2,717,170
	18,525		Caterpillar, Inc.		3,830,044
	10,500	CNY	Contemporary Amperex Technology Company, Ltd. - Class A		901,110
	83,600	EUR	Deutsche Post, AG		5,665,669
	20,500	JPY	FANUC Corp.		4,591,335
	242,500		General Electric Company		3,140,375
	284,500	PHP	International Container Terminal Services, Inc.		885,008
	45,694		McDermott International, Inc.#		15,125
	48,500	EUR	Schneider Electric, SE		8,123,183
	71,000	HKD	Techtronic Industries Company, Ltd.		1,266,092
	17,265		Union Pacific Corp.		3,776,891
	73,850		INR Voltas, Ltd.		1,053,631
	36,500		Waste Management, Inc.µ		5,411,490
					43,878,174
			Information Technology (25.0%)
	22,560		Accenture, PLC - Class Aµ		7,166,861
	2,795	EUR	Adyen, NV*#		7,574,587
	86,400		Apple, Inc.^		12,602,304
	25,785		ASML Holding, NV^		19,770,391
	60,000	JPY	Canon, Inc.		1,381,684
	12,000	TWD	eMemory Technology, Inc.		564,412
	32,600	JPY	Fujitsu, Ltd.		5,546,251
	3,345		Globant, SA^#		799,990
	254,000	TWD	Hon Hai Precision Industry Company, Ltd.		1,003,737
	61,451		Infosys, Ltd.^		1,359,296
	16,800	JPY	Keyence Corp.		9,357,642

NUMBER OF   SHARES				VALUE
	57,000	TWD	MediaTek, Inc.		$    1,863,777
	60,450		Microsoft Corp.^~		17,222,809
	580,000	EUR	Nokia Oyj#		3,563,717
	59,695		NVIDIA Corp.		11,639,928
	101,770		Oracle Corp.~		8,868,238
	103,610	KRW	Samsung Electronics Company, Ltd.		7,080,333
	11,500	KRW	SK Hynix, Inc.		1,125,807
	1,305,000	TWD	Taiwan Semiconductor Manufacturing Company, Ltd.		27,273,842
	1,950		Taiwan Semiconductor Manufacturing Company, Ltd. (ADR)		227,448
	125,953	BRL	TOTVS, SA		855,124
					146,848,178
			Materials (6.4%)
	154,500	EUR	ArcelorMittal, SA		5,395,978
	22,500	INR	Asian Paints, Ltd.		894,466
	154,000	CAD	Barrick Gold Corp.^		3,352,549
	881,900		Cemex, SAB de CV#		7,169,847
	72,500	EUR	CRH, PLC		3,623,481
	43,800	CAD	First Quantum Minerals, Ltd.		938,070
	1,445	KRW	LG Chem, Ltd.		1,061,358
	160,000	AUD	Newcrest Mining, Ltd.		3,092,407
	3,630	KRW	POSCO		1,154,546
	21,900		PPG Industries, Inc.		3,581,088
	107,550	INR	Tata Steel, Ltd.		2,078,518
	53,500	INR	UPL, Ltd.		580,299
	41,500		Vale, SA - Class B^		872,330
	918,300	CAD	Yamana Gold, Inc.		4,114,537
					37,909,474
			Real Estate (0.4%)
	1,600,200	PHP	Ayala Land, Inc.		1,046,845
	52,750	INR	Godrej Properties, Ltd.#		1,142,332
					2,189,177
			Utilities (0.4%)
	45,801	EUR	Engie, SA#		611,228
	10,500		Exelon Corp.		491,400
	29,000	EUR	RWE, AG		1,031,114
	1,576		Sempra Energy		205,905
					2,339,647
			TOTAL COMMON STOCKS (Cost $509,269,408)		503,557,251
	WARRANTS (0.0%) #
			Energy (0.0%)
	884		Chesapeake Energy Corp. 02/09/26, Strike $32.13		22,100
	796		Chesapeake Energy Corp. 02/09/26, Strike $27.63		22,790
	491		Chesapeake Energy Corp. 02/09/26, Strike $36.18		10,586
	1,446		Denbury, Inc. 09/18/25, Strike $32.59		48,051
	534		Denbury, Inc. 09/18/23, Strike $35.41		15,993
	13,401		Mcdermott International, Ltd. 06/30/27, Strike $15.98		1
	12,061		Mcdermott International, Ltd. 06/30/27, Strike $12.33		1

See accompanying Notes to Schedule of Investments

13

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

NUMBER OF   SHARES				VALUE
			TOTAL WARRANTS (Cost $284,653)		119,522
	PREFERRED STOCKS (0.4%)
			Communication Services (0.1%)
	9,750		United States Cellular Corp.µ 6.250%, 09/01/69		$       270,855
			Consumer Discretionary (0.2%)
	1,597		Guitar Center, Inc.		181,459
	9,000	EUR	Porsche Automobil Holding, SE		974,080
	1,066		Qurate Retail, Inc.µ 8.000%, 03/15/31		115,640
					1,271,179
			Energy (0.1%)
	16,785		NuStar Energy, LP‡ 7.625%, 06/15/22 3 mo. USD LIBOR + 5.64%		391,090
	4,725		NuStar Energy, LP‡ 8.500%, 12/15/21 3 mo. USD LIBOR + 6.77%		119,023
	11,500		NuStar Logistics, LP‡ 6.860%, 01/15/43 3 mo. USD LIBOR + 6.73%		290,605
					800,718
			TOTAL PREFERRED STOCKS (Cost $2,862,734)		2,342,752
NUMBER OF   CONTRACTS/   NOTIONAL   AMOUNT				VALUE
	PURCHASED OPTIONS (3.1%) #
			Communication Services (1.4%)
	62 16,706,086		Alphabet, Inc. Call, 01/21/22, Strike $1,500.00		7,462,630
	137 3,783,392		Sea, Ltd. Call, 01/21/22, Strike $300.00		333,595
					7,796,225
			Consumer Discretionary (0.0%)
			Alibaba Group Holding, Ltd.
	25 487,975		Call, 11/19/21, Strike $250.00		6,775
	12 234,228		Call, 11/19/21, Strike $220.00		9,000
	500 1,816,000		Coupang, Inc. Call, 01/21/22, Strike $45.00		137,500
					153,275
			Energy (0.0%)
	195 2,834,715		Pioneer Natural Resources Company Call, 09/17/21, Strike $170.00		34,125
			Industrials (0.0%)
	53 748,315	EUR	Schneider Electric, SE Call, 12/17/21, Strike 130.00		94,464

NUMBER OF   CONTRACTS/   NOTIONAL   AMOUNT			VALUE
		Information Technology (0.1%)
	95 5,905,485	Adobe, Inc. Call, 01/21/22, Strike $600.00	$	570,000
	550 2,775,300	Kraneshares Csi China Internet Call, 01/21/22, Strike $60.00		139,700
				709,700
		Other (1.6%)
		Invesco QQQ Trust Series
	2,625 95,699,625	Put, 01/21/22, Strike $298.00		1,550,063
	1,140 41,560,980	Put, 09/30/21, Strike $335.00		474,240
	895 32,629,015	Call, 01/21/22, Strike $347.00		2,902,037
	2,450 12,642,000	iShares MSCI Emerging Markets Put, 09/30/21, Strike $53.00		602,700
		SPDR S&P 500 ETF Trust
	2,075 90,990,825	Put, 01/21/22, Strike $378.00		1,645,475
	945 41,439,195	Put, 09/30/21, Strike $405.00		406,350
	530 23,241,030	Call, 01/21/22, Strike $440.00		996,930
	2,325 6,689,025	VanEck Vectors Russia ETF Call, 01/21/22, Strike $27.00		639,375
	750 2,824,500	Xtrackers Harvest CSI 300 China A ETF Call, 01/21/22, Strike $40.00		94,500
				9,311,670
		TOTAL PURCHASED OPTIONS (Cost $13,293,157)		18,099,459
	TOTAL INVESTMENTS (144.5%) (Cost $831,493,385)			847,217,378
	MANDATORY REDEEMABLE PREFERRED SHARES, AT LIQUIDATION VALUE (-11.1%)			(65,000,000	)
	LIABILITIES, LESS OTHER ASSETS (-33.4%)			(195,917,092	)
	NET ASSETS (100.0%)			$586,300,286
	WRITTEN OPTIONS (-1.0%) #
		Other (-1.0%)
	895 32,629,015	Invesco QQQ Trust Series Call, 01/21/22, Strike $331.00		(3,974,695	)
	530 23,241,030	SPDR S&P 500 ETF Trust Call, 01/21/22, Strike $420.00		(1,729,390	)
		TOTAL WRITTEN OPTIONS (Premium $3,063,195)		(5,704,085	)

See accompanying Notes to Schedule of Investments

14

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

NOTES TO SCHEDULE OF INVESTMENTS
*	Securities issued and sold pursuant to a Rule 144A transaction are excepted 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.
µ	Security, or portion of security, is held in a segregated account as collateral for note payable aggregating a total value of $91,887,324.
^	Security, or portion of security, is on loan.
@	In default status and considered non-income producing.
&	Illiquid security.
‡	Variable rate security. The rate shown is the rate in effect at July 31, 2021.
~	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 $26,353,594.
¡	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.
‡‡	Perpetual maturity.
#	Non-income producing security.
FOREIGN CURRENCY ABBREVIATIONS
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
HUF	Hungarian Forint
IDR	Indonesian Rupiah
INR	Indian Rupee
JPY	Japanese Yen
KRW	South Korean Won
MXN	Mexican Peso
PHP	Philippine Peso
THB	Thai Baht
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.

See accompanying Notes to Schedule of Investments

15

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JULY 31, 2021 (UNAUDITED)

CURRENCY EXPOSURE JULY 31, 2021

	Value		% of Total             Investments
US Dollar	$	588,953,623		70.0%
European Monetary Unit		85,003,204		10.1%
New Taiwan Dollar		33,390,287		4.0%
Japanese Yen		24,689,490		2.9%
Hong Kong Dollar		24,210,098		2.9%
Indian Rupee		23,204,529		2.8%
South Korean Won		15,792,293		1.9%
Canadian Dollar		15,585,915		1.9%
British Pound Sterling		6,266,448		0.7%
Swiss Franc		4,416,098		0.5%
Chinese Yuan Renminbi		3,448,709		0.4%
Australian Dollar		3,341,432		0.4%
Brazilian Real		2,823,811		0.3%
Mexican Peso		2,733,237		0.3%
South African Rand		2,377,582		0.3%
Philippine Peso		1,931,853		0.2%
Indonesian Rupiah		1,784,173		0.2%
Hungarian Forint		878,992		0.1%
Thai Baht		681,519		0.1%
Total Investments Net of Written Options	$	841,513,293		100.0%
Currency exposure may vary over time.

See accompanying Notes to Schedule of Investments

16

Note 1 – Organization and Significant Accounting Policies

Organization. Calamos Global Dynamic Income Fund (the “Fund”) was organized as a Delaware statutory trust on April 10, 2007 and is registered under the Investment Company Act of 1940 (the “1940 Act”) as a diversified, closed-end management investment company. The Fund commenced operations on June 27, 2007.

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). The Fund 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 Fund:

In March 2017, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities (“ASU 2017-08”). ASU 2017-08 shortens the amortization period for certain callable debt securities held at a premium. The Fund adopted ASU2017-08 as of November 1, 2019, with no material impact on the Fund’s Schedule of Investments.

Fund Valuation. The valuation of the Fund’s investments is in accordance with policies and procedures adopted by and under the ultimate supervision of the board of trustees.

Fund 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 each Fund determines its net asset value (“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 of trustees. 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 of trustees or based on a quotation provided by the counterparty to such option under the ultimate supervision of the board of trustees.

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 the 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 the Fund’s NAV is not calculated.

If the 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, under the ultimate supervision of the board of trustees, following the guidelines and/or procedures adopted by the board of trustees.

The Fund also may use fair value pricing, pursuant to guidelines adopted by the board of trustees and under the ultimate supervision of the board of trustees, if trading in the security is halted or if the value of a security it holds is materially affected by events occurring before the 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 the board of trustees, 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 a Fund to calculate its NAV may differ from market quotations or official closing prices. There can be no assurance that the Fund could purchase or sell a portfolio security at the price used to calculate the Fund’s net asset value (“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, the Fund may purchase or write (sell) put and call options. One of the risks associated with purchasing an option is that the Fund pays a premium whether or not the option is exercised. Additionally, the 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 – Investments

The cost basis of investments for federal income tax purposes at July 31, 2021 was as follows*:

Cost basis of investments	$828,430,190
Gross unrealized appreciation	97,871,209

Gross unrealized depreciation	(84,788,106)
Net unrealized appreciation (depreciation)	$13,083,103

* Because tax adjustments are calculated annually, the above table does not reflect tax adjustments. For the previous fiscal year’s federal income tax information, please refer to the Notes to Financial Statements section in the Fund’s most recent semi-annual or annual report.

Note 3 – Short Sales

Securities sold short represent obligations to deliver the securities at a future date. The Fund may sell a security it does not own in anticipation of a decline in the value of that security before the delivery date. When a Fund sells a security short, it must borrow the security sold short and deliver it to the broker-dealer through which it made the short sale. Dividends paid on securities sold short are disclosed as an expense on the Statement of Operations. A gain, limited to the price at which a Fund sold the security short, or a loss, unlimited in size, will be realized upon the termination of a short sale.

To secure its obligation to deliver to the broker-dealer the securities sold short, the Fund must segregate an amount of cash or liquid securities with its custodian equal to any excess of the current market value of the securities sold short over any cash or liquid securities deposited as collateral with the broker in connection with the short sale (not including the proceeds of the short sale). As a result of that requirement, the Fund will not gain any leverage merely by selling short, except to the extent that it earns interest or other income or gains on the segregated cash or liquid securities while also being subject to the possibility of gain or loss from the securities sold short.

Note 4 – Mandatory Redeemable Preferred Shares

On September 6, 2017, the Fund issued 2,600,000 mandatory redeemable preferred shares (“MRPS”) with an aggregate liquidation preference of $65.0 million. Offering costs incurred by the Fund in connection with the MRPS issuance are aggregated with the outstanding liability and are being amortized to Interest expense and amortization of offering costs on Mandatory Redeemable Preferred Shares over the respective life of each series of MRPS and shown in the Statement of Operations.

The MRPS are divided into three series with different mandatory redemption dates and dividend rates. The table below summarizes the key terms of each series of the MRPS at July 31, 2021.

Series	Term Redemption Date	Dividend Rate	Shares (000’s)	Liquidation Preference Per Share	Aggregate Liquidation Preference
Series A	9/06/22	3.70%	860	$25	$21,500,000
Series B	9/06/24	4.00%	860	$25	$21,500,000
Series C	9/06/27	4.24%	880	$25	$22,000,000
				Total	$65,000,000

The MRPS are not listed on any exchange or automated quotation system. The MRPS are considered debt of the issuer; therefore, the liquidation preference, which approximates fair value of the MRPS, is recorded as a liability in the Statement of Assets and Liabilities net of deferred offering costs. The MRPS are categorized as Level 2 within the fair value hierarchy.

Previously, the MRPS had been assigned a rating of “AA” by Fitch Ratings, Inc. (“Fitch”). As of December 17, 2020, Kroll Bond Rating Agency LLC (“Kroll”) replaced Fitch as the rating agency for the MRPS. The MRPS have been assigned a rating of `AA-’ by Kroll. If the ratings of the MRPS are downgraded, the Fund’s dividend expense may increase, as described below.

Holders of MRPS are entitled to receive monthly cumulative cash dividends payable on the first business day of each month. The MRPS currently are rated “AA-” by Kroll. If on the first day of a monthly dividend period the MRPS of any class are rated lower than “A” by Fitch (or lower than the equivalent of such rating by any other rating agency providing a rating pursuant to the request of the Fund, such as Kroll), the dividend rate for such period shall be increased by 0.5%, 2.0% or 4.0% according to an agreed upon schedule. The MRPS’ dividend rate is also subject to increase during periods when the Fund has not made timely payments to MRPS holders and/or the MRPS do not have a current credit rating, subject to various terms and conditions. Dividends accrued and paid to the shareholders of MRPS are included in “Interest expense and amortization of offering costs on Mandatory Redeemable Preferred Shares” within the Statement of Operations.

The MRPS rank junior to the Fund’s borrowings under the SSB Agreement and senior to the Fund’s outstanding common stock. The Fund may, at its option, subject to various terms and conditions, redeem the MRPS, in whole or in part, at the liquidation preference amount plus all accumulated but unpaid dividends, plus a make whole premium equal to the discounted value of the remaining scheduled payments. Each class of MRPS is subject to mandatory redemption on the term redemption date specified in the table above. Periodically, the Fund is subject to an overcollateralization test based on applicable rating agency criteria (the “OC Test”) and an asset coverage test with respect to its outstanding senior securities (the “AC Test”). The Fund may be required to redeem MRPS before their term redemption date if it does not comply with one or both tests. So long as any MRPS are outstanding, the Fund may not declare, pay or set aside for payment cash dividends or other distributions on shares of its common stock unless (1) the Fund has satisfied the OC Test on at least one testing date in the preceding 65 days, (2) immediately after such transaction, the Fund would comply with the AC Test, (3) full cumulative dividends on the MRPS due on or prior to the date of such transaction have been declared and paid and (4) the Fund has redeemed all MRPS required to have been redeemed on such date or has deposited funds sufficient for such redemption, subject to certain grace periods and exceptions.

Except as otherwise required pursuant to the Fund’s governing documents or applicable law, the holders of the MRPS have one vote per share and vote together with the holders of common stock of the Fund as a single class except on matters affecting only the holders of MRPS or the holders of common stock. Pursuant to the 1940 Act, holders of the MRPS have the right to elect at least two trustees of the Fund, voting separately as a class. Except during any time when the Fund has failed to make a dividend or redemption payment in respect of MRPS outstanding, the holders of MRPS have agreed to vote in accordance with the recommendation of the board of trustees on any matter submitted to them for their vote or to the vote of shareholders of the Fund generally.