Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

PRINCIPAL AMOUNT			VALUE
	CORPORATE BONDS (14.6%)
		Airlines (0.4%)
	369,418	Air Canada Pass Through Trust Series 2015-1, Class B*µ 3.875%, 09/15/24	$	371,538
	60,833	Air Canada Pass Through Trust Series 2015-2, Class B* 5.000%, 06/15/25		61,890
	239,619	Alaska Airlines Pass Through Trust Series 2020-1, Class A* 4.800%, 02/15/29		261,328
	168,097	Alaska Airlines Pass Through Trust Series 2020-1, Class B*µ 8.000%, 02/15/27		187,018
	97,000	American Airlines Pass Through Trust Series 2021-1, Class B 3.950%, 01/11/32		94,838
		American Airlines, Inc. / AAdvantage Loyalty IP, Ltd.*
	169,000	5.500%, 04/20/26		173,117
	56,000	5.750%, 04/20/29		57,425
	250,000	British Airways Pass Through Trust Series 2021-1, Class B* 3.900%, 03/15/33		248,237
	193,463	JetBlue Pass Through Trust Series 2020-1, Class B 7.750%, 05/15/30		223,570
	81,000	Spirit Loyalty Cayman, Ltd. / Spirit IP Cayman, Ltd.* 8.000%, 09/20/25		87,857
	79,538	UAL Pass Through Trust Series 2007-1 6.636%, 01/02/24		80,865
	191,212	United Airlines Pass Through Trust Series 2014-2, Class B 4.625%, 03/03/24		192,908
	117,818	United Airlines Pass Through Trust Series 2019-2, Class B 3.500%, 11/01/29		114,410
				2,155,001
		Communication Services (1.5%)
	250,000	Altice France SA* 5.500%, 10/15/29		237,100
	110,000	APi Escrow Corp.* 4.750%, 10/15/29		107,883
	335,000	Arrow Bidco, LLC* 9.500%, 03/15/24		340,417
	169,000	Beasley Mezzanine Holdings, LLC* 8.625%, 02/01/26		167,910
	82,000	Cincinnati Bell Telephone Company, LLC 6.300%, 12/01/28		84,602
	330,000	Consolidated Communications, Inc.* 6.500%, 10/01/28		340,837
		CSC Holdings, LLC*
	410,000	5.500%, 04/15/27		419,528
	400,000	4.625%, 12/01/30		356,448
	335,000	5.375%, 02/01/28		336,507
	300,000	5.750%, 01/15/30		283,089
	200,000	4.500%, 11/15/31		186,550

PRINCIPAL AMOUNT			VALUE
	230,000	Cumulus Media New Holdings, Inc.*^ 6.750%, 07/01/26	$	237,236
		Diamond Sports Group, LLC / Diamond Sports Finance Company*
	180,000	6.625%, 08/15/27		47,588
	151,000	5.375%, 08/15/26		70,102
	242,000	DIRECTV Holdings, LLC / DIRECTV Financing Company, Inc.* 5.875%, 08/15/27		243,002
	422,000	Embarq Corp. 7.995%, 06/01/36		434,981
		Entercom Media Corp.*^
	155,000	6.500%, 05/01/27		147,439
	113,000	6.750%, 03/31/29		106,338
	96,000	Frontier California, Inc. 6.750%, 05/15/27		99,627
	242,000	Frontier Florida, LLC 6.860%, 02/01/28		251,982
	330,000	Frontier North, Inc. 6.730%, 02/15/28		342,068
	230,000	Gannett Holdings, LLC* 6.000%, 11/01/26		234,559
		Go Daddy Operating Company, LLC / GD Finance Company, Inc.*
	195,000	3.500%, 03/01/29		182,040
	69,000	5.250%, 12/01/27		71,040
	80,000	Hughes Satellite Systems Corp. 5.250%, 08/01/26		85,255
		Intelsat Jackson Holdings, SA@
	170,000	9.750%, 07/15/25*		75,494
	130,000	5.500%, 08/01/23		57,305
	360,000	LCPR Senior Secured Financing DAC* 6.750%, 10/15/27		374,623
	132,915	Ligado Networks, LLC* 15.500%, 11/01/23 15.500% PIK rate		99,343
		Lumen Technologies, Inc.
	310,000	4.000%, 02/15/27*		298,518
	13,000	7.600%, 09/15/39		13,042
	109,000	Match Group Holdings II, LLC* 3.625%, 10/01/31		100,077
	190,000	Midas OpCo Holdings, LLC* 5.625%, 08/15/29		187,150
	200,000	Netflix, Inc.*^ 4.875%, 06/15/30		223,934
		Scripps Escrow II, Inc.*
	111,000	3.875%, 01/15/29		106,064
	56,000	5.375%, 01/15/31		55,457
	420,000	Scripps Escrow, Inc.* 5.875%, 07/15/27		431,201
		Sirius XM Radio, Inc.*
	165,000	4.000%, 07/15/28		159,727
	110,000	3.125%, 09/01/26		105,896
	54,000	3.875%, 09/01/31		49,993
	170,000	Spanish Broadcasting System, Inc.* 9.750%, 03/01/26		175,928
	215,000	Telecom Italia Capital, SA 6.000%, 09/30/34		211,726

See accompanying Notes to Schedule of Investments

1

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

PRINCIPAL AMOUNT			VALUE
	305,000	United States Cellular Corp. 6.700%, 12/15/33	$	339,627
				8,479,233
		Consumer Discretionary (2.4%)
	230,000	American Axle & Manufacturing, Inc.^ 6.875%, 07/01/28		241,983
	110,000	Asbury Automotive Group, Inc.* 4.625%, 11/15/29		108,556
		Ashton Woods USA, LLC / Ashton Woods Finance Company*
	204,000	6.625%, 01/15/28		214,775
	136,000	4.625%, 08/01/29		134,466
	54,000	4.625%, 04/01/30		53,343
	53,000	At Home Group, Inc.* 4.875%, 07/15/28		50,816
	67,000	Avis Budget Car Rental, LLC / Avis Budget Finance, Inc.*^ 5.375%, 03/01/29		67,284
		Bath & Body Works, Inc.
	292,000	6.694%, 01/15/27^		329,315
	165,000	6.875%, 11/01/35		189,943
		Caesars Entertainment, Inc.*
	136,000	4.625%, 10/15/29		130,472
	112,000	8.125%, 07/01/27		120,617
	112,000	6.250%, 07/01/25		116,171
		Carnival Corp.*
	112,000	10.500%, 02/01/26		126,000
	56,000	7.625%, 03/01/26		57,204
	260,000	Carriage Services, Inc.* 4.250%, 05/15/29		253,809
	165,000	Carvana Company* 5.625%, 10/01/25		157,399
		CCO Holdings, LLC / CCO Holdings Capital Corp.*
	470,000	5.125%, 05/01/27		481,947
	245,000	4.750%, 03/01/30		243,574
	125,000	5.000%, 02/01/28^		126,648
	125,000	4.500%, 08/15/30		122,014
	110,000	4.250%, 02/01/31		105,148
	108,000	4.750%, 02/01/32		106,313
	80,000	4.250%, 01/15/34		74,244
	207,000	Cedar Fair, LP^ 5.250%, 07/15/29		207,710
		Century Communities, Inc.
	275,000	6.750%, 06/01/27		286,836
	55,000	3.875%, 08/15/29*		52,691
		Dana, Inc.
	109,000	4.500%, 02/15/32		104,223
	59,000	4.250%, 09/01/30		57,454
		DISH DBS Corp.
	209,000	7.750%, 07/01/26		215,571
	165,000	5.250%, 12/01/26*		160,228
	133,000	7.375%, 07/01/28^		128,882
	200,000	Empire Resorts, Inc.* 7.750%, 11/01/26		202,920
	238,000	Everi Holdings, Inc.* 5.000%, 07/15/29		237,086
		Ford Motor Credit Company, LLC
	350,000	4.063%, 11/01/24		357,144
	350,000	4.000%, 11/13/30		352,114
	315,000	4.134%, 08/04/25		322,806
		Gap, Inc.*
	82,000	3.875%, 10/01/31^		76,249
	11,000	3.625%, 10/01/29		10,240

PRINCIPAL AMOUNT			VALUE
		goeasy, Ltd.*
	380,000	5.375%, 12/01/24	$	389,135
	208,000	4.375%, 05/01/26^		207,359
	112,000	Goodyear Tire & Rubber Company* 5.000%, 07/15/29		112,166
	106,000	Group 1 Automotive, Inc.* 4.000%, 08/15/28		101,654
	273,000	Guitar Center, Inc.*& 8.500%, 01/15/26		290,789
	345,000	International Game Technology, PLC* 6.250%, 01/15/27		375,840
		Liberty Interactive, LLC
	220,000	8.250%, 02/01/30^		228,870
	110,000	8.500%, 07/15/29		114,436
		Life Time, Inc.*
	169,000	8.000%, 04/15/26^		172,897
	110,000	5.750%, 01/15/26		110,653
	139,000	Lindblad Expeditions, LLC* 6.750%, 02/15/27		140,729
		M/I Homes, Inc.
	205,000	4.950%, 02/01/28		207,856
	140,000	3.950%, 02/15/30		136,527
	230,000	Macy’s Retail Holdings, LLC* 6.700%, 07/15/34		259,619
		Mattel, Inc.*
	135,000	5.875%, 12/15/27		143,564
	28,000	3.750%, 04/01/29		28,022
	260,000	Mclaren Finance, PLC* 7.500%, 08/01/26		266,760
	287,000	Midwest Gaming Borrower, LLC / Midwest Gaming Finance Corp.* 4.875%, 05/01/29		280,640
	244,000	Mohegan Gaming & Entertainment* 8.000%, 02/01/26		248,429
	252,000	Newell Brands, Inc. 4.700%, 04/01/26		264,401
	110,000	Nordstrom, Inc.^ 5.000%, 01/15/44		98,174
	108,000	Papa John’s International, Inc.*^ 3.875%, 09/15/29		102,831
	250,000	Penn National Gaming, Inc.*^ 4.125%, 07/01/29		235,190
	305,000	Premier Entertainment Sub, LLC / Premier Entertainment Finance Corp.* 5. 625%, 09/01/29		286,904
	553,000	Rite Aid Corp.* 8.000%, 11/15/26		543,488
	320,000	Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed* 4.625%, 03/01/29		308,390
	135,000	Sonic Automotive, Inc.* 4.625%, 11/15/29		131,886
	235,000	Speedway Motorsports, LLC / Speedway Funding II, Inc.* 4.875%, 11/01/27		237,618
	207,000	Taylor Morrison Communities, Inc.* 5.750%, 01/15/28		221,639
	54,000	Thor Industries, Inc.*^ 4.000%, 10/15/29		51,689
	55,000	Viking Cruises, Ltd.* 13.000%, 05/15/25		61,640

See accompanying Notes to Schedule of Investments

2

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

PRINCIPAL AMOUNT			VALUE
	260,000	Vista Outdoor, Inc.* 4.500%, 03/15/29	$	252,387
	295,000	VOC Escrow, Ltd.* 5.000%, 02/15/28		285,607
	55,000	Williams Scotsman International, Inc.* 4.625%, 08/15/28		55,660
				13,337,644
		Consumer Staples (0.8%)
	251,000	Central Garden & Pet Company* 4.125%, 04/30/31		240,265
	300,000	Edgewell Personal Care Company* 4.125%, 04/01/29		294,714
	307,000	Energizer Holdings, Inc.* 4.375%, 03/31/29		290,677
	225,000	Fresh Market, Inc.*^ 9.750%, 05/01/23		230,564
	260,000	JBS USA LUX, SA / JBS USA Finance, Inc.* 6.750%, 02/15/28		278,814
		JBS USA LUX, SA / JBS USA Food Company / JBS USA Finance, Inc.*
	320,000	5.500%, 01/15/30		340,778
	109,000	6.500%, 04/15/29^		118,648
		Kraft Heinz Foods Company
	335,000	4.375%, 06/01/46		351,713
	56,000	3.875%, 05/15/27		58,210
	174,000	New Albertsons, LP 7.750%, 06/15/26		196,763
	217,000	Performance Food Group, Inc.* 4.250%, 08/01/29		204,147
	250,000	Petsmart, Inc. / PetSmart Finance Corp.* 4.750%, 02/15/28		250,187
	280,000	Pilgrim’s Pride Corp.* 5.875%, 09/30/27		292,597
		Post Holdings, Inc.*
	310,000	5.750%, 03/01/27		318,677
	160,000	4.625%, 04/15/30^		154,331
	54,000	5.500%, 12/15/29		55,572
	209,000	Prestige Brands, Inc.* 3.750%, 04/01/31		190,244
	245,000	United Natural Foods, Inc.*^ 6.750%, 10/15/28		260,168
	235,000	Vector Group, Ltd.* 5.750%, 02/01/29		217,885
				4,344,954
		Energy (1.4%)
		Antero Resources Corp.*
	68,000	7.625%, 02/01/29		74,142
	56,000	5.375%, 03/01/30		57,887
		Apache Corp.
	223,000	5.100%, 09/01/40		233,996
	112,000	4.625%, 11/15/25		117,127
		Buckeye Partners, LP
	205,000	3.950%, 12/01/26		204,949
	135,000	5.850%, 11/15/43		125,046
	70,000	ChampionX Corp. 6.375%, 05/01/26		72,657
		Cheniere Energy Partners, LP
	109,000	3.250%, 01/31/32*		102,623
	55,000	4.000%, 03/01/31^		54,998

PRINCIPAL AMOUNT			VALUE
	112,000	Cheniere Energy, Inc. 4.625%, 10/15/28	$	113,789
	112,000	Chesapeake Energy Corp.* 6.750%, 04/15/29		119,850
	410,000	DCP Midstream Operating, LP*‡ 5.850%, 05/21/43 3 mo. USD LIBOR + 3.85%		392,247
	3,142	Diamond Foreign Asset Company / Diamond Finance, LLC 9.000%, 04/22/27 13.000% PIK rate		3,157
	114,000	DT Midstream, Inc.* 4.125%, 06/15/29		112,769
		Energy Transfer, LP‡
	320,000	3.334%, 11/01/66 3 mo. USD LIBOR + 3.02%		257,648
	162,000	6.500%, 02/01/34^ 5 year CMT + 5.69%		165,773
		EnLink Midstream Partners, LP
	330,000	6.000%, 02/01/34‡ 3 mo. USD LIBOR + 4.11%		250,496
	224,000	4.850%, 07/15/26		230,382
		EQT Corp.
	145,000	7.500%, 02/01/30		172,738
	90,000	6.625%, 02/01/25		97,110
	65,000	5.000%, 01/15/29		68,955
	293,000	Genesis Energy, LP / Genesis Energy Finance Corp. 6.250%, 05/15/26		283,000
	50,000	Gulfport Energy Operating Corp.* 8.000%, 05/17/26		53,795
		Gulfport Energy Operating Corp.
	215,000	6.375%, 05/15/25&		—
	65,708	8.000%, 05/17/26^		70,695
	109,000	Howard Midstream Energy Partners, LLC* 6.750%, 01/15/27		112,044
		Laredo Petroleum, Inc.^
	229,000	10.125%, 01/15/28		242,280
	57,000	7.750%, 07/31/29*		55,122
	245,000	Magnolia Oil & Gas Operating, LLC / Magnolia Oil & Gas Finance Corp.*^ 6.000%, 08/01/26		250,988
		Moss Creek Resources Holdings, Inc.*
	135,000	10.500%, 05/15/27^		132,430
	135,000	7.500%, 01/15/26		123,683
	113,000	Murphy Oil Corp.^ 6.375%, 07/15/28		117,049
		New Fortress Energy, Inc.*
	221,000	6.750%, 09/15/25		209,508
	113,000	6.500%, 09/30/26		106,058
	56,000	Oasis Midstream Partners, LP / OMP Finance Corp.* 8.000%, 04/01/29		59,869
		Occidental Petroleum Corp.
	800,000	4.300%, 08/15/39		758,336
	114,000	5.875%, 09/01/25^		121,945
	200,000	Par Petroleum, LLC / Par Petroleum Finance Corp.* 7.750%, 12/15/25		203,286
	205,000	Parkland Corp.* 5.875%, 07/15/27		211,445
	270,000	Plains All American Pipeline, LP‡ 6.125%, 02/01/34 3 mo. USD LIBOR + 4.11%		228,496

See accompanying Notes to Schedule of Investments

3

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

PRINCIPAL AMOUNT			VALUE
	250,000	Rockcliff Energy II, LLC* 5.500%, 10/15/29	$	252,112
	54,000	Southwestern Energy Company 4.750%, 02/01/32		54,010
	54,000	Sunoco, LP / Sunoco Finance Corp.* 4.500%, 04/30/30		53,375
		Venture Global Calcasieu Pass, LLC*
	55,000	4.125%, 08/15/31		55,472
	55,000	3.875%, 08/15/29		55,021
	135,000	Viper Energy Partners, LP* 5.375%, 11/01/27		139,321
	220,000	W&T Offshore, Inc.* 9.750%, 11/01/23		214,790
	196,000	Weatherford International, Ltd.* 6.500%, 09/15/28		203,262
				7,395,731
		Financials (2.5%)
		Acrisure, LLC / Acrisure Finance, Inc.*
	333,000	6.000%, 08/01/29		316,503
	292,000	7.000%, 11/15/25^		291,620
	223,000	Aethon United BR, LP / Aethon United Finance Corp.* 8.250%, 02/15/26		235,519
	363,000	AG Issuer, LLC* 6.250%, 03/01/28		375,955
		Alliant Holdings Intermediate, LLC / Alliant Holdings Co-Issuer*
	400,000	6.750%, 10/15/27		396,260
	55,000	5.875%, 11/01/29		54,322
	55,000	4.250%, 10/15/27		53,711
		Ally Financial, Inc.
	295,000	4.700%, 02/01/34 7 year CMT + 3.48%‡		294,620
	175,000	8.000%, 11/01/31		237,360
	250,000	American Finance Trust, Inc. / American Finance Operating Partner, LP* 4.500%, 09/30/28		242,732
	439,000	AmWINS Group, Inc.* 4.875%, 06/30/29		431,168
	470,000	AssuredPartners, Inc.* 7.000%, 08/15/25		469,741
	248,000	Aviation Capital Group, LLC* 3.500%, 11/01/27		248,779
	434,000	BroadStreet Partners, Inc.* 5.875%, 04/15/29		414,205
		Brookfield Property REIT, Inc. / BPR Cumulus, LLC / BPR Nimbus, LLC / GGSI Sellco LLC*
	430,000	4.500%, 04/01/27		407,481
	264,000	5.750%, 05/15/26		264,808
		Credit Acceptance Corp.^
	237,000	5.125%, 12/31/24*		240,015
	230,000	6.625%, 03/15/26		237,365
	70,000	Cushman & Wakefield US Borrower, LLC* 6.750%, 05/15/28		73,984
	235,000	Enact Holdings, Inc.* 6.500%, 08/15/25		249,391

PRINCIPAL AMOUNT			VALUE
	321,000	Global Net Lease, Inc. / Global Net Lease Operating Partnership, LP* 3.750%, 12/15/27	$	309,190
	417,000	Greystar Real Estate Partners, LLC* 5.750%, 12/01/25		424,402
		HUB International, Ltd.*
	485,000	7.000%, 05/01/26		496,936
	109,000	5.625%, 12/01/29		108,136
		Icahn Enterprises, LP / Icahn Enterprises Finance Corp.
	235,000	5.250%, 05/15/27		237,021
	164,000	4.375%, 02/01/29		156,121
	500,000	ILFC E-Capital Trust II*‡ 3.620%, 12/21/65 3 mo. USD LIBOR + 1.80%		433,515
	465,000	Iron Mountain, Inc.* 5.250%, 03/15/28		472,575
	600,000	Jefferies Finance, LLC / JFIN Co- Issuer Corp.* 5.000%, 08/15/28		594,042
		Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.*
	447,000	5.250%, 10/01/25		449,731
	109,000	4.750%, 06/15/29		106,808
	311,000	LD Holdings Group, LLC* 6.125%, 04/01/28		277,468
		Level 3 Financing, Inc.
	260,000	5.375%, 05/01/25		264,129
	235,000	4.250%, 07/01/28*		224,611
	108,000	3.875%, 11/15/29*		106,367
	162,000	LPL Holdings, Inc.* 4.000%, 03/15/29		157,934
	487,000	MetLife, Inc. 6.400%, 12/15/66		580,582
		Navient Corp.
	493,000	5.000%, 03/15/27		479,235
	195,000	4.875%, 03/15/28^		186,771
		OneMain Finance Corp.
	150,000	3.875%, 09/15/28		140,208
	88,000	7.125%, 03/15/26		96,900
	110,000	Park Intermediate Holdings, LLC / PK Domestic Property, LLC / PK Finance Co-Issuer* 5.875%, 10/01/28		112,570
	245,000	PHH Mortgage Corp.* 7.875%, 03/15/26		252,073
	260,000	RHP Hotel Properties, LP / RHP Finance Corp.* 4.500%, 02/15/29		251,862
		RLJ Lodging Trust, LP*
	162,000	3.750%, 07/01/26		157,699
	111,000	4.000%, 09/15/29		104,692
		Rocket Mortgage, LLC / Rocket Mortgage Co-Issuer, Inc.*
	100,000	3.875%, 03/01/31		93,917
	100,000	3.625%, 03/01/29		93,754
	50,000	2.875%, 10/15/26		47,684
	227,000	StoneX Group, Inc.* 8.625%, 06/15/25		241,033
		United Wholesale Mortgage, LLC*
	258,000	5.500%, 04/15/29		236,423
	105,000	5.750%, 06/15/27		99,513

See accompanying Notes to Schedule of Investments

4

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

PRINCIPAL AMOUNT			VALUE
	110,000	Uniti Group, LP / Uniti Group Finance, Inc. / CSL Capital, LLC* 6.500%, 02/15/29	$	104,191
		XHR, LP*
	237,000	6.375%, 08/15/25		245,203
	108,000	4.875%, 06/01/29		106,096
				13,984,931
		Health Care (1.4%)
	112,000	Acadia Healthcare Company, Inc.* 5.000%, 04/15/29		110,904
		Bausch Health Americas, Inc.*
	500,000	8.500%, 01/31/27		506,005
	110,000	9.250%, 04/01/26		113,648
		Bausch Health Companies, Inc.*
	315,000	5.250%, 02/15/31^		251,638
	245,000	5.000%, 01/30/28		206,858
	96,000	5.000%, 02/15/29		77,367
	81,000	6.125%, 02/01/27		81,327
	55,000	7.250%, 05/30/29		49,410
	111,000	Centene Corp. 3.000%, 10/15/30		107,809
	113,000	Charles River Laboratories International, Inc.* 3.750%, 03/15/29		109,129
	27,000	CHS/Community Health Systems, Inc.* 5.250%, 05/15/30		26,898
		CHS/Community Health Systems, Inc.*
	435,000	6.125%, 04/01/30^		415,603
	230,000	8.000%, 03/15/26		240,085
	127,000	6.875%, 04/15/29		126,088
		DaVita, Inc.*
	335,000	4.625%, 06/01/30		326,481
	258,000	3.750%, 02/15/31		237,270
	162,000	Embecta Corp.* 5.000%, 02/15/30		162,318
		Encompass Health Corp.
	110,000	4.750%, 02/01/30		109,456
	110,000	4.500%, 02/01/28		109,564
	300,000	HCA, Inc. 7.500%, 11/06/33		414,459
	200,000	Jazz Securities DAC* 4.375%, 01/15/29		198,112
	480,000	Mallinckrodt International Finance, SA / Mallinckrodt CB, LLC* 5.625%, 10/15/23		256,920
		Mozart Debt Merger Sub, Inc.*
	270,000	3.875%, 04/01/29		260,407
	267,000	5.250%, 10/01/29		259,839
		Organon & Company / Organon Foreign Debt Co-Issuer, BV*
	400,000	5.125%, 04/30/31		400,112
	200,000	4.125%, 04/30/28		197,924
	305,000	Team Health Holdings, Inc.*^ 6.375%, 02/01/25		274,997
		Tenet Healthcare Corp.
	430,000	6.250%, 02/01/27*		441,051
	345,000	4.875%, 01/01/26*		346,849
	295,000	6.875%, 11/15/31		321,562
	81,000	4.375%, 01/15/30*		78,222
		Teva Pharmaceutical Finance Netherlands III, BV
	495,000	6.000%, 04/15/24		505,345
	200,000	4.750%, 05/09/27		194,172

PRINCIPAL AMOUNT			VALUE
	150,000	3.150%, 10/01/26	$	137,964
				7,655,793
		Industrials (2.4%)
	225,000	Abercrombie & Fitch Management Company* 8.750%, 07/15/25		239,629
	260,000	ACCO Brands Corp.*^ 4.250%, 03/15/29		248,708
		Albertsons Companies, Inc. / Safeway, Inc. / New Albertsons, LP / Albertsons, LLC*
	307,000	4.875%, 02/15/30		313,103
	185,000	4.625%, 01/15/27		189,512
	111,000	3.500%, 03/15/29^		105,090
		Allison Transmission, Inc.*
	190,000	4.750%, 10/01/27		192,905
	55,000	3.750%, 01/30/31		51,217
	55,000	American Airlines Group, Inc.*^ 3.750%, 03/01/25		51,094
	127,000	Arcosa, Inc.* 4.375%, 04/15/29		124,460
	475,000	ARD Finance, SA* 6.500%, 06/30/27 7.250% PIK rate		481,835
	109,000	At Home Group, Inc.* 7.125%, 07/15/29		102,266
	137,000	Avolon Holdings Funding, Ltd.*µ 5.250%, 05/15/24		145,324
	234,000	Beacon Roofing Supply, Inc.* 4.125%, 05/15/29		223,762
	226,000	BWX Technologies, Inc.* 4.125%, 04/15/29		224,032
	54,000	Catalent Pharma Solutions, Inc.*^ 3.500%, 04/01/30		50,657
		Delta Air Lines, Inc.
	57,000	7.375%, 01/15/26^		64,945
	57,000	3.800%, 04/19/23		57,699
		Delta Air Lines, Inc. / SkyMiles IP, Ltd.*
	56,000	4.750%, 10/20/28		59,847
	28,000	4.500%, 10/20/25µ		29,054
	108,000	Dun & Bradstreet Corp.* 5.000%, 12/15/29		107,810
	163,000	Eco Material Technologies, Inc.* 7.875%, 01/31/27		165,562
	223,000	Endure Digital, Inc.*^ 6.000%, 02/15/29		198,731
	140,000	EnerSys* 4.375%, 12/15/27		142,492
	260,000	Fly Leasing, Ltd.* 7.000%, 10/15/24		250,684
	112,000	GFL Environmental, Inc.* 3.750%, 08/01/25		112,110
		Golden Nugget, Inc.*
	165,000	6.750%, 10/15/24		165,071
	115,000	8.750%, 10/01/25^		117,608
	124,000	Graham Packaging Company, Inc.* 7.125%, 08/15/28		126,171
	140,000	Granite US Holdings Corp.*^ 11.000%, 10/01/27		151,535
		Graphic Packaging International, LLC*
	175,000	4.750%, 07/15/27		184,426
	102,000	3.500%, 03/01/29		97,648

See accompanying Notes to Schedule of Investments

5

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

PRINCIPAL AMOUNT			VALUE
	236,000	Great Lakes Dredge & Dock Corp.* 5.250%, 06/01/29	$	241,367
	516,000	H&E Equipment Services, Inc.* 3.875%, 12/15/28		487,935
	269,000	Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.* 5.750%, 01/20/26		275,227
	340,000	Herc Holdings, Inc.* 5.500%, 07/15/27		349,976
	200,000	Howmet Aerospace, Inc. 5.125%, 10/01/24		209,362
	255,000	IEA Energy Services, LLC* 6.625%, 08/15/29		249,489
	280,000	JELD-WEN, Inc.* 4.625%, 12/15/25		279,059
	102,000	KeHE Distributors, LLC / KeHE Finance Corp.* 8.625%, 10/15/26		108,721
	251,000	Ken Garff Automotive, LLC* 4.875%, 09/15/28		243,254
	110,000	MasTec, Inc.* 4.500%, 08/15/28		111,936
	248,000	Meritor, Inc.* 4.500%, 12/15/28		241,860
	170,000	Moog, Inc.* 4.250%, 12/15/27		170,729
	300,000	Nationstar Mortgage Holdings, Inc.* 5.500%, 08/15/28		294,237
	272,000	Novelis Corp.* 4.750%, 01/30/30		272,316
	80,000	OI European Group, BV* 4.750%, 02/15/30		78,381
	255,000	Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer, LLC / Reynolds Gro* 4.000%, 10/15/27		241,827
	260,000	Park-Ohio Industries, Inc.^ 6.625%, 04/15/27		235,537
	242,000	Patrick Industries, Inc.* 4.750%, 05/01/29		231,800
	275,000	Peninsula Pacific Entertainment, LLC / Peninsula Pacific Entertainment Finance In* 8.500%, 11/15/27		295,185
	109,000	PGT Innovations, Inc.* 4.375%, 10/01/29		105,188
	51,000	Picasso Finance Sub, Inc.* 6.125%, 06/15/25		52,941
	163,000	QVC, Inc. 4.375%, 09/01/28		150,346
	185,000	Scientific Games International, Inc.* 5.000%, 10/15/25		189,292
	210,000	Sensata Technologies, Inc.* 3.750%, 02/15/31		197,671
		Sinclair Television Group, Inc.*
	167,000	4.125%, 12/01/30		153,964
	100,000	5.500%, 03/01/30		92,910
		Standard Industries, Inc.*
	225,000	5.000%, 02/15/27		226,660
	56,000	4.375%, 07/15/30^		53,649
	455,000	Station Casinos, LLC* 4.500%, 02/15/28		443,234

PRINCIPAL AMOUNT			VALUE
	176,000	Stericycle, Inc.* 3.875%, 01/15/29	$	168,191
	166,000	STL Holding Company, LLC* 7.500%, 02/15/26		174,951
	200,000	TransDigm UK Holdings, PLC 6.875%, 05/15/26		207,524
		TransDigm, Inc.
	205,000	7.500%, 03/15/27		212,917
	200,000	6.250%, 03/15/26*		206,902
	114,000	Tronox, Inc.* 4.625%, 03/15/29		110,345
		United Rentals North America, Inc.
	110,000	3.750%, 01/15/32		106,322
	56,000	3.875%, 02/15/31		54,593
	217,000	Vertiv Group Corp.* 4.125%, 11/15/28		211,974
	228,000	Wabash National Corp.* 4.500%, 10/15/28		221,288
	195,000	Waste Pro USA, Inc.* 5.500%, 02/15/26		189,852
		WESCO Distribution, Inc.*
	136,000	7.125%, 06/15/25^		142,489
	67,000	7.250%, 06/15/28		71,918
				13,138,306
		Information Technology (0.7%)
	109,000	Booz Allen Hamilton, Inc.* 4.000%, 07/01/29		107,833
	140,000	CDK Global, Inc.* 5.250%, 05/15/29		145,716
	200,000	CommScope Technologies, LLC* 6.000%, 06/15/25		195,000
	200,000	CommScope, Inc.* 4.750%, 09/01/29		191,748
	210,000	Dell International, LLC / EMC Corp.µ 6.020%, 06/15/26		238,379
	138,000	Fair Isaac Corp.* 4.000%, 06/15/28		137,725
	108,000	II-VI, Inc.* 5.000%, 12/15/29		107,881
	245,000	KBR, Inc.* 4.750%, 09/30/28		244,929
		MPH Acquisition Holdings, LLC*
	245,000	5.750%, 11/01/28^		220,809
	110,000	5.500%, 09/01/28		105,778
	113,000	NCR Corp.* 5.125%, 04/15/29		112,880
	353,000	Nielsen Finance, LLC / Nielsen Finance Company* 4.500%, 07/15/29		329,529
	167,000	ON Semiconductor Corp.* 3.875%, 09/01/28		165,953
		Open Text Corp.*
	204,000	3.875%, 02/15/28		200,687
	81,000	3.875%, 12/01/29		77,826
	81,000	Open Text Holdings, Inc.* 4.125%, 12/01/31		78,409
	113,000	Playtika Holding Corp.* 4.250%, 03/15/29		108,094
	260,000	TTM Technologies, Inc.* 4.000%, 03/01/29		248,355
		Twilio, Inc.
	150,000	3.625%, 03/15/29		144,259
	57,000	3.875%, 03/15/31^		54,596

See accompanying Notes to Schedule of Investments

6

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

PRINCIPAL AMOUNT			VALUE
	275,000	Viavi Solutions, Inc.* 3.750%, 10/01/29	$	264,652
	260,000	ZoomInfo Technologies, LLC / ZoomInfo Finance Corp.* 3.875%, 02/01/29		244,925
				3,725,963
		Materials (0.7%)
	140,000	Allegheny Technologies, Inc.^ 5.875%, 12/01/27		142,895
	130,000	ArcelorMittal, SA 7.000%, 10/15/39		169,285
	165,000	Chemours Company* 4.625%, 11/15/29		157,428
	355,000	Clearwater Paper Corp.* 4.750%, 08/15/28		356,988
		Commercial Metals Company
	108,000	4.125%, 01/15/30		107,214
	54,000	4.375%, 03/15/32		53,780
	250,000	Constellium, SE*^ 3.750%, 04/15/29		236,728
	200,000	First Quantum Minerals, Ltd.*^ 7.250%, 04/01/23		201,256
	125,000	Freeport-McMoRan, Inc. 5.450%, 03/15/43		147,169
	167,000	HB Fuller Company 4.250%, 10/15/28		166,193
	226,000	Intertape Polymer Group, Inc.* 4.375%, 06/15/29		224,850
	215,000	JW Aluminum Continuous Cast Company* 10.250%, 06/01/26		226,272
		Kaiser Aluminum Corp.*^
	135,000	4.625%, 03/01/28		130,468
	28,000	4.500%, 06/01/31		26,431
	108,000	LSF11 A5 HoldCo, LLC* 6.625%, 10/15/29		106,072
	239,000	Mercer International, Inc. 5.125%, 02/01/29		236,961
	215,000	OCI, NV* 4.625%, 10/15/25		220,971
	112,000	Owens-Brockway Glass Container, Inc.* 6.625%, 05/13/27		117,619
	200,000	Silgan Holdings, Inc. 4.125%, 02/01/28		201,012
	113,000	Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc.* 5.125%, 04/01/29		114,242
	201,000	Univar Solutions USA, Inc.* 5.125%, 12/01/27		205,247
	111,000	Valvoline, Inc.* 3.625%, 06/15/31		101,968
				3,651,049
		Real Estate (0.2%)
	174,000	EPR Properties 3.750%, 08/15/29		170,396
		Forestar Group, Inc.*
	187,000	5.000%, 03/01/28		189,891
	110,000	3.850%, 05/15/26		108,613
	166,000	iStar, Inc. 5.500%, 02/15/26		169,352
	193,000	MIWD Holdco II LLC* 5.500%, 02/01/30		191,431

PRINCIPAL AMOUNT				VALUE
			Service Properties Trust
	345,000		4.350%, 10/01/24	$	330,037
	105,000		5.250%, 02/15/26		100,901
					1,260,621
			Special Purpose Acquisition Companies (0.1%)
			Fertitta Entertainment Company*
	220,000		6.750%, 01/15/30		213,813
	107,000		4.625%, 01/15/29		104,305
					318,118
			Utilities (0.1%)
	53,000		NRG Energy, Inc. 6.625%, 01/15/27		54,800
	79,000		PPL Capital Funding, Inc.^‡ 2.885%, 03/30/67 3 mo. USD LIBOR + 2.67%		73,303
	70,000		Talen Energy Supply, LLC*^ 7.250%, 05/15/27		62,899
	260,000		TerraForm Power Operating, LLC* 5.000%, 01/31/28		264,306
			Vistra Corp.*‡
	110,000		8.000%, 02/01/66 5 year CMT + 6.93%		114,393
	105,000		7.000%, 02/01/66 5 year CMT + 5.74		104,851
					674,552
			TOTAL CORPORATE BONDS (Cost $80,570,168)		80,121,896
	CONVERTIBLE BONDS (32.0%)
			Airlines (0.0%)
	176,000		Southwest Airlines Company~ 1.250%, 05/01/25		239,680
			Communication Services (4.2%)
	200,000	EUR	America Movil, BV 0.000%, 03/02/24		236,610
	325,000		Bharti Airtel, Ltd.* 1.500%, 02/17/25		439,936
	223,000		Bilibili, Inc.*^ 0.500%, 12/01/26		172,738
	100,000	EUR	Cellnex Telecom, SA 1.500%, 01/16/26		158,385
	20,000,000	JPY	CyberAgent, Inc. 0.000%, 02/19/25		192,237
			iQIYI, Inc.
	185,000		2.000%, 04/01/25^		141,951
	179,000		4.000%, 12/15/26		123,569
	400,000		Kakao Corp. 0.000%, 04/28/23		419,572
			Liberty Media Corp.µ
	4,210,000		0.500%, 12/01/50*		5,662,745
	145,000		1.375%, 10/15/23		200,322
	153,000		Liberty Media Corp. / Liberty Formula Oneµ 1.000%, 01/30/23		252,340
			Live Nation Entertainment, Inc.µ
	2,250,000		2.000%, 02/15/25		2,828,858
	1,810,000		2.500%, 03/15/23		3,026,917
			Sea, Ltd.
	3,395,000		0.250%, 09/15/26		2,861,985
	2,307,000		2.375%, 12/01/25		4,256,392

See accompanying Notes to Schedule of Investments

7

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

PRINCIPAL AMOUNT				VALUE
			Snap, Inc.
	828,000		0.000%, 05/01/27*^	$	710,581
	77,000		0.750%, 08/01/26µ		125,371
			Twitter, Inc.
	407,000		0.000%, 03/15/26*µ		363,459
	290,000		0.250%, 06/15/24^		302,467
	200,000		Xiaomi Best Time International, Ltd. 0.000%, 12/17/27		185,844
	165,000		Zynga, Inc.µ 0.250%, 06/01/24		200,414
					22,862,693
			Consumer Discretionary (12.7%)
	2,930,000		Airbnb, Inc.* 0.000%, 03/15/26		2,785,580
	2,869,000		Booking Holdings, Inc.^ 0.750%, 05/01/25		4,283,790
	100,000	EUR	Delivery Hero, SE 0.250%, 01/23/24		110,667
	495,000		DISH Network Corp. 2.375%, 03/15/24		475,462
	410,000		DraftKings, Inc.*^ 0.000%, 03/15/28		311,912
	200,000	CHF	Dufry One, BV 0.750%, 03/30/26		208,471
	161,000		Etsy, Inc. 0.125%, 09/01/27		179,055
	80,000		Fiverr International, Ltd. 0.000%, 11/01/25		68,586
	200,000	AUD	Flight Centre Travel Group, Ltd. 1.625%, 11/01/28		124,762
	18,360,000		Ford Motor Company*~ 0.000%, 03/15/26		24,922,415
	200,000	EUR	Global Fashion Group, SA 1.250%, 03/15/28		169,935
	100,000	EUR	HelloFresh, SE 0.750%, 05/13/25		154,315
	937,000		Liberty Broadband Corp.*µ 2.750%, 09/30/50		945,761
	214,000		Lucid Group, Inc.* 1.250%, 12/15/26		177,676
	296,000		MakeMyTrip, Ltd.* 0.000%, 02/15/28		297,536
	6,265,000		Marriott Vacations Worldwide Corp.*µ 0.000%, 01/15/26		6,984,473
	3,800,000		Meituan 0.000%, 04/27/28		3,513,138
	40,000,000	JPY	Mercari, Inc. 0.000%, 07/14/28		340,250
	447,000		NCL Corp. Ltd- Class C*µ 1.125%, 02/15/27		421,561
	100,000	GBP	Ocado Group, PLC 0.750%, 01/18/27		120,202
	144,000		Peloton Interactive, Inc.*^ 0.000%, 02/15/26		123,886
	339,000		Pinduoduo, Inc. 0.000%, 12/01/25		307,754
	473,000		Royal Caribbean Cruises, Ltd.µ 4.250%, 06/15/23		605,199
	204,000		Shake Shack, Inc.*µ 0.000%, 03/01/28		167,419
	100,000	EUR	Shop Apotheke Europe, NV 0.000%, 01/21/28		101,519

PRINCIPAL AMOUNT				VALUE
	162,000		Stride, Inc.µ 1.125%, 09/01/27	$	163,272
	17,000		Tesla, Inc.µ 2.000%, 05/15/24		257,953
	5,710,000		Trip.com Group, Ltd. 1.500%, 07/01/27		6,743,396
	11,690,000		Vail Resorts, Inc.µ^ 0.000%, 01/01/26		11,719,809
	314,000		Vroom, Inc.*µ 0.750%, 07/01/26		175,127
	318,000		Wayfair, Inc.µ 0.625%, 10/01/25		278,641
	1,900,000	GBP	WH Smith, PLC 1.625%, 05/07/26		2,528,453
	200,000	EUR	Zalando, SE 0.050%, 08/06/25		241,926
					70,009,901
			Consumer Staples (0.9%)
	600,000		Carrefour, SAµ 0.000%, 03/27/24		636,990
	20,000,000	JPY	Nippn Corp. 0.000%, 06/20/25		176,781
	4,975,000	CAD	Premium Brands Holdings Corp. 4.200%, 09/30/27		4,149,193
	179,000		Turning Point Brands, Inc.µ 2.500%, 07/15/24		182,777
					5,145,741
			Energy (1.1%)
	273,000		Pioneer Natural Resources Companyµ 0.250%, 05/15/25		565,418
			SunEdison, Inc.
	2,261,000		0.250%, 01/15/49*		35,927
	275,000		2.000%, 10/01/49		4,370
	5,200,000		TotalEnergies, SEµ 0.500%, 12/02/22		5,526,872
					6,132,587
			Financials (4.4%)
			Citigroup Global Markets Funding Luxembourg SCA
	67,000,000	HKD	0.000%, 05/28/24		8,863,587
	35,000,000	HKD	0.000%, 07/25/24		5,213,382
	192,000		Coinbase Global, Inc.*^ 0.500%, 06/01/26		179,929
	600,000	EUR	Corestate Capital Holding, SA 1.375%, 11/28/22		601,830
	100,000	GBP	Cornwall Jersey, Ltd. 0.750%, 04/16/26		116,125
	150,000		GSK Finance No 3, PLC*^ 0.000%, 06/22/23		146,585
			JPMorgan Chase Bank NAµ
	3,400,000		0.000%, 08/07/22		3,899,970
	730,000		0.125%, 01/01/23*		726,474
	200,000	EUR	LEG Immobilien, SE 0.875%, 09/01/25		265,878
	200,000	EUR	Oliver Capital Sarl 0.000%, 12/29/23		257,852
	3,770,000		Realogy Group, LLC / Realogy Co-Issuer Corp.*µ 0.250%, 06/15/26		3,631,679
	20,000,000	JPY	SBI Holdings, Inc. 0.000%, 09/13/23		182,499

See accompanying Notes to Schedule of Investments

8

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

PRINCIPAL AMOUNT				VALUE
	210,000		Starwood Property Trust, Inc.µ 4.375%, 04/01/23	$	220,088
					24,305,878
			Health Care (0.6%)
	135,000		Coherus Biosciences, Inc. 1.500%, 04/15/26		131,572
	214,000		CryoPort, Inc.* 0.750%, 12/01/26		173,601
	142,000		Dexcom, Inc.^ 0.250%, 11/15/25		151,425
	100,000	EUR	GN Store Nord AS 0.000%, 05/21/24		123,461
	205,000		Haemonetics Corp.*^ 0.000%, 03/01/26		170,378
	206,000		Halozyme Therapeutics, Inc.* 0.250%, 03/01/27		176,999
	73,000		Innoviva, Inc.µ 2.500%, 08/15/25		85,685
	167,000		Integra LifeSciences Holdings Corp. 0.500%, 08/15/25		178,862
	156,000		Jazz Investments I, Ltd.µ 2.000%, 06/15/26		183,175
	30,000,000	JPY	Menicon Company, Ltd. 0.000%, 01/29/25		266,303
	181,000		NeoGenomics, Inc.µ 0.250%, 01/15/28		133,907
	143,000		Novocure, Ltd.µ 0.000%, 11/01/25		125,916
	165,000		NuVasive, Inc.µ 0.375%, 03/15/25		157,550
	376,000		Oak Street Health, Inc.*µ^ 0.000%, 03/15/26		286,279
	145,000		Omnicell, Inc.µ 0.250%, 09/15/25		233,508
			Pacira BioSciences, Inc.µ
	135,000		0.750%, 08/01/25		153,298
	26,000		2.375%, 04/01/22		27,079
	171,000		Tabula Rasa HealthCare, Inc.µ 1.750%, 02/15/26		136,381
	155,000		Tandem Diabetes Care, Inc.*µ 1.500%, 05/01/25		197,089
					3,092,468
			Industrials (2.0%)
	250,000		Air Canada 4.000%, 07/01/25		351,907
	500,000,000	JPY	DMG Mori Company, Ltd. 0.000%, 07/16/24		4,493,483
	2,700,000	EUR	Duerr, AG 0.750%, 01/15/26		4,003,643
	835,000		JetBlue Airways Corp.*^ 0.500%, 04/01/26		794,528
	196,000		John Bean Technologies Corp.*µ 0.250%, 05/15/26		201,143
	161,000		Middleby Corp.µ 1.000%, 09/01/25		242,775
	393,000		Sunrun, Inc.*^ 0.000%, 02/01/26		295,057
	355,000		Uber Technologies, Inc.µ 0.000%, 12/15/25		331,886
					10,714,422

PRINCIPAL AMOUNT				VALUE
			Information Technology (3.6%)
	223,000		Affirm Holdings, Inc.* 0.000%, 11/15/26	$	174,471
	190,000		Akamai Technologies, Inc. 0.125%, 05/01/25		244,579
			Bill.com Holdings, Inc.
	208,000		0.000%, 04/01/27*^		187,849
	94,000		0.000%, 12/01/25		132,081
	334,000		Block, Inc.^ 0.250%, 11/01/27		310,380
	210,000		Cloudflare, Inc.* 0.000%, 08/15/26		194,559
	213,000		Confluent, Inc.* 0.000%, 01/15/27		209,255
	430,000		Coupa Software, Inc.^ 0.375%, 06/15/26		383,818
	162,000		CyberArk Software, Ltd.µ 0.000%, 11/15/24		180,904
	146,000		Datadog, Inc.µ 0.125%, 06/15/25		249,720
	447,000		DigitalOcean Holdings, Inc.* 0.000%, 12/01/26		361,560
	207,000		Dropbox, Inc.* 0.000%, 03/01/28		203,417
	504,000	CAD	Dye & Durham, Ltd.* 3.750%, 03/01/26		370,719
	411,000		Fastly, Inc.* 0.000%, 03/15/26		323,478
	142,000		Five9, Inc. 0.500%, 06/01/25		166,157
	2,400,000		Globalwafers Company, Ltd. 0.000%, 06/01/26		2,511,912
	175,000		LivePerson, Inc.µ 0.000%, 12/15/26		139,073
	324,000		Lumentum Holdings, Inc.^ 0.500%, 12/15/26		391,975
	451,000		Microchip Technology, Inc.^ 0.125%, 11/15/24		532,974
	418,000		MicroStrategy, Inc.*µ 0.000%, 02/15/27		272,737
	186,000		New Relic, Inc.µ^ 0.500%, 05/01/23		218,613
	200,000	EUR	Nexi S.p.A 1.750%, 04/24/27		242,930
	162,000		Nice, Ltd.^ 0.000%, 09/15/25		178,556
	241,000		Okta, Inc.µ 0.125%, 09/01/25		301,869
	2,789,000		ON Semiconductor Corp.*µ 0.000%, 05/01/27		3,712,996
			Palo Alto Networks, Inc.µ
	190,000		0.750%, 07/01/23		372,451
	148,000		0.375%, 06/01/25		263,332
	173,000		Pegasystems, Inc.^ 0.750%, 03/01/25		175,867
	296,000		Repay Holdings Corp.*µ 0.000%, 02/01/26		255,569
	320,000		RingCentral, Inc.^ 0.000%, 03/15/26		275,920
	20,000,000	JPY	SCREEN Holdings Company, Ltd. 0.000%, 06/11/25		198,811
			Shift4 Payments, Inc.*
	170,000		0.500%, 08/01/27^		144,265
	139,000		0.000%, 12/15/25µ		139,739
	2,233,000		Shopify, Inc.^ 0.125%, 11/01/25		2,389,868

See accompanying Notes to Schedule of Investments

9

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

PRINCIPAL AMOUNT				VALUE
	145,000		Silicon Laboratories, Inc.µ 0.625%, 06/15/25	$	213,552
	148,300	EUR	SOITEC 0.000%, 10/01/25		352,077
	190,000		Splunk, Inc.µ 1.125%, 09/15/25		212,240
	200,000		Tyler Technologies, Inc.*µ 0.250%, 03/15/26		227,640
	223,000		Unity Software, Inc.*µ 0.000%, 11/15/26		187,318
	196,000		Vnet Group, Inc.^ 02/01/26		166,963
	200,000		Win Semiconductors Corp. 0.000%, 01/14/26		203,418
	318,000		Wix.com, Ltd. 0.000%, 08/15/25		276,899
	228,000		Workday, Inc.µ 0.250%, 10/01/22		393,979
	170,000		Workiva, Inc.µ 1.125%, 08/15/26		276,626
	265,000		Xero Investments, Ltd. 0.000%, 12/02/25		238,301
	308,000		Zendesk, Inc.µ 0.625%, 06/15/25		355,414
	145,000		Zscaler, Inc.µ 0.125%, 07/01/25		261,889
					19,778,720
			Materials (2.1%)
	214,000		Amyris, Inc.* 1.500%, 11/15/26		162,818
	2,565,000		Ivanhoe Mines, Ltd.*µ 2.500%, 04/15/26		3,501,122
	3,932,000		Lithium Americas Corp.*µ 1.750%, 01/15/27		3,484,696
	3,220,000		MP Materials Corp.*µ 0.250%, 04/01/26		3,769,911
	400,000	EUR	POSCO 0.000%, 09/01/26		453,685
					11,372,232
			Real Estate (0.4%)
	200,000	EUR	ANLLIAN Capital, Ltd. 0.000%, 02/05/25		282,964
	310,000		ESR Cayman, Ltd. 1.500%, 09/30/25		319,579
	330,000		Redfin Corp.µ 0.000%, 10/15/25		267,425
	20,000,000	JPY	Relo Group, Inc. 0.000%, 12/17/27		171,255
	1,400,000		Vingroup, JSC 3.000%, 04/20/26		1,399,510
					2,440,733
			TOTAL CONVERTIBLE BONDS (Cost $173,491,364)		176,095,055
	U.S. GOVERNMENT AND AGENCY SECURITY (0.1%)
	342,000		U.S. Treasury Note^ 1.750%, 07/15/22 (Cost $344,501)		344,051

PRINCIPAL AMOUNT			VALUE
	BANK LOANS (1.8%) ¡
		Airlines (0.1%)
	190,000	AAdvantage Loyalty IP, Ltd.‡ 5.500%, 04/20/28 3 mo. LIBOR + 4.75%	$	197,495
	282,863	United Airlines, Inc.‡ 4.500%, 04/21/28 3 mo. LIBOR + 3.75%		283,647
				481,142
		Communication Services (0.4%)
	342,125	Clear Channel Outdoor Holdings, Inc.‡ 3.799%, 08/21/26 3 mo. LIBOR + 3.50%		337,913
	516,050	DIRECTV Financing, LLC‡ 5.750%, 08/02/27 3 mo. LIBOR + 5.00%		517,423
	284,810	Frontier Communications Corp.‡ 4.500%, 05/01/28 3 mo. LIBOR + 3.75%		284,810
	235,081	iHeartCommunications, Inc.‡ 3.105%, 05/01/26 1 mo. LIBOR + 3.00%		234,199
	631,800	Intelsat Jackson Holdings, SA 8.625%, 01/02/24		631,999
	110,000	Intelsat Jackson Holdings, SA! 0.000%, 01/02/24		110,035
	1,419	Intelsat Jackson Holdings, SA‡ 8.750%, 01/02/24 3 mo. PRIME + 5.50%		1,419
	125,000	Nexstar Broadcasting, Inc.‡ 2.602%, 09/18/26 1 mo. LIBOR + 2.50%		124,766
				2,242,564
		Consumer Discretionary (0.3%)
	72,430	Life Time Fitness, Inc.‡ 5.750%, 12/16/24 3 mo. LIBOR + 4.75%		73,245
	392,038	Petco Health and Wellness Company, Inc.‡ 4.000%, 03/03/28 3 mo. LIBOR + 3.25%		392,192
	388,326	PetSmart, Inc.‡ 4.500%, 02/11/28 6 mo. LIBOR + 3.75%		388,266
	251,413	Rent-A-Center, Inc.‡ 3.750%, 02/17/28 1 mo. LIBOR + 3.25%		251,413
	166,024	TKC Holdings, Inc.‡ 6.500%, 05/15/28 3 mo. LIBOR + 5.50%		166,440
	89,207	TKC Holdings, Inc.! 0.000%, 05/15/28		89,430
	363,825	WW International, Inc.‡ 4.000%, 04/13/28 1 mo. LIBOR + 3.500%		352,819
				1,713,805
		Consumer Staples (0.0%)
	83,387	United Natural Foods, Inc.‡ 3.355%, 10/22/25 1 mo. LIBOR + 3.25%		83,504

See accompanying Notes to Schedule of Investments

10

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

PRINCIPAL AMOUNT			VALUE
		Financials (0.1%)
	298,500	Jazz Financing Lux Sarl‡ 3.605%, 05/05/28 1 mo. LIBOR + 3.50%	$	298,986
		Health Care (0.3%)
	695,698	Amneal Pharmaceuticals, LLC‡ 3.625%, 05/04/25 1 mo. LIBOR + 3.50%		690,623
	166,972	Icon Luxembourg Sarl‡ 2.750%, 07/03/28 3 mo. LIBOR + 2.25%		166,826
	41,601	Icon Luxembourg Sarl‡ 2.750%, 07/03/28 3 mo. LIBOR + 2.25%		41,565
	300,603	Mallinckrodt International Finance, SA‡ 6.000%, 09/24/24 3 mo. LIBOR + 5.25%		282,067
	235,294	Padagis, LLC‡ 5.250%, 07/06/28 3 mo. LIBOR + 4.75%		235,221
	600,179	Team Health Holdings, Inc.‡ 3.750%, 02/06/24 1 mo. LIBOR + 2.75%		581,123
				1,997,425
		Industrials (0.3%)
	109,450	ACProducts, Inc.‡ 4.750%, 05/17/28 6 mo. LIBOR + 4.25%		109,030
	140,000	Air Canada‡ 4.250%, 08/11/28 3 mo. LIBOR + 3.50%		140,670
	216,711	BW Gas & Convenience Holdings, LLC‡ 4.000%, 03/31/28 1 mo. LIBOR + 3.50%		216,982
	280,034	Dun & Bradstreet Corp.‡ 3.358%, 02/06/26 1 mo. LIBOR + 3.25%		279,285
	229,794	Granite Holdings US Acquisition Company‡ 4.224%, 09/30/26 3 mo. LIBOR + 4.00%		229,794
	189,807	RegionalCare Hospital Partners Holdings, Inc.‡ 3.855%, 11/16/25 1 mo. LIBOR + 3.75%		189,596
	421,247	Scientific Games International, Inc.‡ 2.855%, 08/14/24 1 mo. LIBOR + 2.75%		420,484
	68,080	TransDigm, Inc.‡ 2.355%, 12/09/25 1 mo. LIBOR + 2.25%		67,471
				1,653,312
		Information Technology (0.2%)
	310,000	AP Core Holdings II, LLC‡ 6.250%, 09/01/27 1 mo. LIBOR + 5.50%		313,198
	302,379	Banff Merger Sub, Inc.‡ 3.974%, 10/02/25 3 mo. LIBOR + 3.75%		301,724

PRINCIPAL AMOUNT			VALUE
	328,300	Camelot U.S. Acquisition 1 Company‡ 3.105%, 10/30/26 1 mo. LIBOR + 3.00%	$	327,684
	153,450	Camelot U.S. Acquisition 1 Company‡ 4.000%, 10/30/26 1 mo. LIBOR + 3.00%		153,402
	295,000	VFH Parent LLC‡ 3.500%, 01/13/29 3 mo. SOFR + 3.00%		295,000
				1,391,008
		Materials (0.1%)
	196,500	Innophos, Inc.‡ 3.855%, 02/05/27 1 mo. LIBOR + 3.75%		196,459
	110,000	LSF11 A5 HoldCo, LLC‡ 4.250%, 10/15/28 3 mo. SOFR + 3.75%		110,206
				306,665
		Special Purpose Acquisition Company (0.0%)
	55,000	Fertitta Entertainment, LLC! 0.000%, 01/27/29		55,241
		TOTAL BANK LOANS (Cost $10,258,204)		10,223,652
NUMBER OF SHARES			VALUE
	CONVERTIBLE PREFERRED STOCKS (5.5%)
		Communication Services (0.0%)
	155	2020 Cash Mandatory Exchangeable Trust* 5.250%, 06/01/23		154,604
		Consumer Discretionary (1.4%)
	47,515	Aptiv, PLC 5.500%, 06/15/23		7,401,887
		Energy (0.0%)
	5	Gulfport Energy Operating Corp. 10.000%, 03/03/22 15.000% PIK rate		22,750
		Financials (0.9%)
	417	Bank of America Corp.‡ ‡‡ 7.250%		587,136
	44,418	KKR & Company, Inc.µ^ 6.000%, 09/15/23		3,942,542
	413	Wells Fargo & Companyµ‡‡ 7.500%		588,157
				5,117,835
		Health Care (0.8%)
	2,030	Avantor, Inc. 6.250%, 05/15/22		231,826
	2,193	Danaher Corp.µ 4.750%, 04/15/22		4,180,406
				4,412,232

See accompanying Notes to Schedule of Investments

11

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

NUMBER OF SHARES				VALUE
			Information Technology (1.0%)
	2,971		Broadcom, Inc.~ 8.000%, 09/30/22	$	5,441,743
			Utilities (1.4%)
	27,395		AES Corp.^ 6.875%, 02/15/24		2,494,315
	3,391		American Electric Power Company, Inc. 6.125%, 03/15/22		171,754
	11,850		DTE Energy Company 6.250%, 11/01/22		602,572
			NextEra Energy, Inc.µ
	69,293		4.872%, 09/01/22		4,030,081
	4,936		6.219%, 09/01/23		253,661
					7,552,383
			TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $31,322,957)		30,103,434
	COMMON STOCKS (87.3%)
			Communication Services (8.0%)
	5,600		Alphabet, Inc. - Class A^#		15,153,992
	4,575		Altice USA, Inc. - Class Aµ#		65,971
	86,500		America Movil, SAB de CV - Class L^		1,631,390
	2,005	EUR	CTS Eventim, AG & Company KGaA#		142,530
	2,082		Cumulus Media, Inc. - Class A#		21,341
	1		Frontier Communications Parent, Inc.#		27
	12,900	PHP	Globe Telecom, Inc.		786,851
	17,000		Meta Platforms, Inc. - Class A#		5,325,420
	118,100	ZAR	MTN Group, Ltd.#		1,485,216
	2,900	KRW	NAVER Corp.		766,008
	96,000	EUR	Orange, SA		1,127,755
	11,155	GBP	Rightmove, PLC		98,314
	132,070		Tencent Holdings, Ltd.^		8,259,658
	48,700	HKD	Tencent Holdings, Ltd.		3,051,653
	1,176,545	GBP	Vodafone Group, PLC		2,065,854
	26,395		Walt Disney Company~#		3,773,693
	8,815	GBP	YouGov, PLC		137,521
					43,893,194
			Consumer Discretionary (8.2%)
	117,200	HKD	Alibaba Group Holding, Ltd.#		1,836,941
	9,375		Alibaba Group Holding, Ltd.#		1,179,281
	542,770	MXN	Alsea, SAB de CV#		1,114,063
	4,465		Amazon.com, Inc.^#		13,356,914
	53,100		Arcos Dorados Holdings, Inc. - Class A#		343,026
	2,200	CAD	Aritzia, Inc.#		102,060
	5,720	EUR	Brembo S.p.A^		76,048
	21,000	CNY	BYD Company, Ltd. - Class A		783,811
	1,910	EUR	CIE Automotive, SA^		55,480
	35,100	CHF	Cie Financiere Richemont, SA		5,101,216
	174,100	GBP	Compass Group, PLC		3,956,879
	10,220	INR	Dixon Technologies India, Ltd.		609,803
	5,885	AUD	IDP Education, Ltd.^		123,010
	348,600	INR	Indian Hotels Company, Ltd.		1,018,102
	46,869	HKD	JD.com, Inc. - Class A#		1,776,400
	140,000	HKD	Li Ning Company, Ltd.		1,366,120
	53,700	BRL	Lojas Renner, SA		284,372

NUMBER OF SHARES				VALUE
	11,500		Lululemon Athletica, Inc.#	$	3,838,240
	760		MercadoLibre, Inc.#		860,366
	1,170	SEK	MIPS, AB		116,326
	3,800	JPY	Nextage Company, Ltd.		95,426
	9,000	EUR	Porsche Automobil Holding, SE		842,840
	481,500	HKD	Samsonite International, SA*#		1,006,351
	4,430		Tesla, Inc.#		4,149,670
	2,295	SEK	Thule Group, AB*		110,772
	27,000	INR	Titan Company, Ltd.		859,029
	3,890	JPY	Toyota Boshoku Corp.		68,952
	8,470	GBP	Watches of Switzerland Group, PLC*#		147,560
					45,179,058
			Consumer Staples (5.0%)
	117,775		Coca-Cola Company^		7,185,453
	12,900		Costco Wholesale Corp.		6,516,177
	1,690	EUR	Interparfums, SA		128,411
	184,300	BRL	JBS, SA		1,217,884
	3,000	JPY	Kobe Bussan Company, Ltd.		93,388
	1,700	CNY	Kweichow Moutai Company, Ltd. - Class A		508,220
	32,500	HKD	L’Occitane International, SA		128,170
	81,100		Mondelez International, Inc. - Class A		5,436,133
	20,500	CHF	Nestle, SA		2,647,335
	1,400	DKK	Royal Unibrew, A/S		160,951
	116,250	INR	Varun Beverages, Ltd.		1,416,654
	607,400	MXN	Wal-Mart de Mexico, SAB de CV		2,060,296
					27,499,072
			Energy (5.6%)
	14,250	CAD	ARC Resources, Ltd.^		166,922
	11,178		Calfrac Well Services, Ltd.#		47,898
	111,900	CAD	Canadian Natural Resources, Ltd.^		5,692,054
	62,470	CAD	CES Energy Solutions Corp.		119,913
	2,577		Chaparral Energy, Inc. - Class A&#		121,119
	650		Chesapeake Energy Corp.^		44,311
	29,965		Chevron Corp.~		3,935,303
	438		Denbury, Inc.^#		32,911
	23,500		Devon Energy Corp.~		1,188,395
	5,899		Diamond Offshore Drilling, Inc.&#		32,739
	14,985		Energy Transfer, LP		143,406
	9,035		Enterprise Products Partners, LP		213,587
	1,826		EP Energy Corp.&#		163,199
	59,900		Exxon Mobil Corp.~		4,550,004
	106		Gulfport Energy Corp.#		6,960
	2,930		Magellan Midstream Partners, LP		143,189
	405,300	INR	Oil & Natural Gas Corp, Ltd.		947,162
	2,278		Ranger Oil Corp. - Class A^#		70,641
	58,300	INR	Reliance Industries, Ltd.		1,876,836
	36,600	ZAR	Sasol, Ltd.#		823,954
	241,614		Schlumberger, NV~		9,439,859
	4,189		Superior Energy Services, Inc.*&#		182,221
	483,500	IDR	United Tractors, Tbk PT		781,742
	3,102		Weatherford International, PLC#		93,060
	14,900	CAD	Whitecap Resources, Inc.^		105,143
	2,500		Williams Companies, Inc.^		74,850
					30,997,378
			Financials (16.4%)
	354,800	HKD	AIA Group, Ltd.		3,704,045
	195,100		Banco Bradesco, SA		836,979
	2,872,250	IDR	Bank Central Asia, Tbk PT		1,527,741

See accompanying Notes to Schedule of Investments

12

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

NUMBER OF SHARES				VALUE
	223,200		Bank of America Corp.^~	$	10,298,448
	20,650	EUR	Bank of Ireland Group, PLC#		139,178
	4,310	CAD	Canadian Western Bank^		130,980
	625,000	TWD	Cathay Financial Holding Company, Ltd.		1,449,717
	112,015	TWD	Chailease Holding Company, Ltd.		1,027,439
	195,600	HKD	China International Capital Corp., Ltd. - Class H*		532,818
	140,500	HKD	China Merchants Bank Company, Ltd. - Class H		1,174,316
	9,900	EUR	Coface, SA#		130,976
	32,100	SGD	DBS Group Holdings, Ltd.		843,167
	6,200	EUR	FinecoBank Banca Fineco S.p.A		104,236
	152,600	AED	First Abu Dhabi Bank, PJSC		830,917
	256,900	ZAR	FirstRand, Ltd.		1,035,590
	130,800	MXN	Grupo Financiero Banorte, SAB de CV - Class O		827,360
	38,560	KRW	Hana Financial Group, Inc.		1,452,878
	547,650	INR	HDFC Bank, Ltd.		11,005,313
	9,100	HKD	Hong Kong Exchanges & Clearing, Ltd.		519,389
	33,150	INR	Housing Development Finance Corp., Ltd.		1,129,756
	156,900		Huntington Bancshares, Inc.^		2,362,914
	116,930		ICICI Bank, Ltd.^		2,540,889
	567,300	EUR	ING Groep, NV		8,389,857
	411,125		Itau Unibanco Holding, SA		1,940,510
	68,550		JPMorgan Chase & Company^~		10,186,530
	309,000	THB	Kasikornbank PCL		1,411,094
	71,835		Morgan Stanley		7,365,961
	2,205	EUR	NN Group, NV		123,397
	21,140	GBP	Paragon Banking Group, PLC		162,828
	137,000	HKD	Ping An Insurance Group Company of China, Ltd. - Class H		1,087,207
	304,570		UBS Group, AG^#		5,686,322
	182,625		Wells Fargo & Company~		9,825,225
					89,783,977
			Health Care (6.7%)
	4,170	GBP	Abcam, PLC#		75,113
	200,606		Alcon, Inc.^		15,402,529
	1,420	GBP	Dechra Pharmaceuticals, PLC		79,760
	21,760		Eli Lilly & Company		5,339,686
	7,360	GBP	Ergomed, PLC#		112,465
	2,710	EUR	Evotec, SE#		109,659
	845		Galapagos, NV#		57,038
	4,000	CHF	Lonza Group, AG#		2,757,767
	20,900	BRL	Notre Dame Intermedica Participacoes, SA		280,236
	81,600		Novo Nordisk, A/S		8,149,392
	7,700		UnitedHealth Group, Inc.^		3,638,789
	75,000	HKD	Wuxi Biologics Cayman, Inc.*#		751,707
					36,754,141
			Industrials (7.6%)
	2,520	EUR	Aalberts, NV		154,048
	51,500	EUR	Airbus, SE#		6,576,201
	37,029	EUR	Alstom, SA		1,200,470
	200	JPY	BayCurrent Consulting, Inc.		75,904
	18,600	CNY	Contemporary Amperex Technology Company, Ltd. - Class A		1,796,522
	990	EUR	DO & CO, AG#		102,049
	3,270	EUR	Duerr, AG		144,715
	1,550	JPY	Ebara Corp.		75,968
	5,170	GBP	Electrocomponents, PLC		78,278

NUMBER OF SHARES				VALUE
	15,330	NZD	Freightways, Ltd.	$	122,070
	30,312		General Electric Company		2,863,878
	580	EUR	IMCD, NV		99,771
	243,700	PHP	International Container Terminal Services, Inc.		958,639
	2,085	EUR	Interpump Group S.p.A		128,756
	29	CHF	Interroll Holding, AG		122,746
	31,500	INR	Larsen & Toubro, Ltd.		812,971
	25,400	BRL	Localiza Rent a Car, SA		280,304
	212,700	CNY	NARI Technology Company, Ltd. - Class A		1,189,928
	53,400		Quanta Services, Inc.		5,485,248
	2,550	EUR	Rexel, SA#		56,838
	147,600	SEK	Sandvik, AB		3,886,975
	48,500	EUR	Schneider Electric, SE		8,215,673
	3,200	JPY	SMS Company, Ltd.		87,976
	2,780	CAD	Stantec, Inc.		147,469
	4,600	JPY	THK Company, Ltd.		114,939
	79,395	INR	Voltas, Ltd.		1,263,362
	19,265	GBP	Volution Group, PLC		130,533
	36,500		Waste Management, Inc.		5,491,060
					41,663,291
			Information Technology (22.5%)
	18,300		Accenture, PLC - Class Aµ		6,470,514
	1,295	EUR	Adyen, NV*#		2,635,192
	470	EUR	Alten, SA		76,660
	86,400		Apple, Inc.^		15,100,992
	24,380		ASML Holding, NVµ		16,510,136
	1,485	EUR	BE Semiconductor Industries, NV		124,515
	60,000	JPY	Canon, Inc.		1,419,044
	810		Endava, PLC^#		98,512
	62,400	CNY	GoerTek, Inc. - Class A		470,592
	89,751		Infosys, Ltd.		2,115,431
	1,550	EUR	Jenoptik, AG		56,728
	14,900	JPY	Keyence Corp.		7,642,544
	2,810	GBP	Keywords Studios, PLC		95,235
	2,325	EUR	Lectra		99,820
	130,000	TWD	Marketech International Corp.		782,889
	45,000	TWD	MediaTek, Inc.		1,787,364
	60,450		Microsoft Corp.~		18,798,741
	580,000	EUR	Nokia Oyj#		3,458,902
	35,140		NVIDIA Corp.~		8,604,380
	7,750	GBP	Sage Group, PLC		75,733
	16,780	KRW	Samsung Electronics Company, Ltd.		1,043,700
	1,500	JPY	SCREEN Holdings Company, Ltd.		150,534
	6,000		TWD Silergy Corp.		810,987
	13,040	KRW	SK Hynix, Inc.		1,349,741
	1,318,000	TWD	Taiwan Semiconductor Manufacturing Company, Ltd.		30,474,778
	22,825		Taiwan Semiconductor Manufacturing Company, Ltd. (ADR)		2,799,030
	3,500	JPY	TIS, Inc.		92,052
	100,300	BRL	TOTVS, SA		549,090
	2,175	AUD	WiseTech Global, Ltd.		70,838
	915		WNS Holdings, Ltd.#		77,006
					123,841,680
			Materials (5.7%)
	4,250	EUR	Acerinox, SA		54,159
	101,000	HKD	Anhui Conch Cement Company, Ltd. - Class H		534,242
	23,600	INR	Asian Paints, Ltd.		1,002,533
	619,300		Cemex, SAB de CV#		3,790,116

See accompanying Notes to Schedule of Investments

13

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

NUMBER OF SHARES				VALUE
	111,000	EUR	CRH, PLC	$	5,571,133
	90,100	CAD	First Quantum Minerals, Ltd.		2,219,275
	217,600		Freeport-McMoRan, Inc. - Class H		8,099,072
	15,180	AUD	IGO, Ltd.		128,438
	2,225	AUD	James Hardie Industries, PLC		74,883
	1,220	JPY	Kureha Corp.		91,080
	649,500	NOK	Norsk Hydro, ASA		4,991,608
	8,270	AUD	OZ Minerals, Ltd.		143,461
	10,830	AUD	Rio Tinto, Ltd.		861,046
	53,000	GBP	Rio Tinto, PLC		3,735,722
					31,296,768
			Real Estate (0.4%)
	1,270,100	PHP	Ayala Land, Inc.		896,813
	123,300	INR	DLF, Ltd.		654,617
	24,750	INR	Godrej Properties, Ltd.#		573,170
	4,600	JPY	Katitas Company, Ltd.		140,305
	449	EUR	VGP, NV		127,231
					2,392,136
			Special Purpose Acquisition Companies (0.8%)
	93,075	EUR	Shell, PLC		2,375,128
	82,300	GBP	Shell, PLC		2,114,181
					4,489,309
			Utilities (0.4%)
	45,801	EUR	Engie, SA		697,217
	29,000	EUR	RWE, AG		1,223,286
					1,920,503
			TOTAL COMMON STOCKS (Cost $532,229,868)		479,710,507
	PREFERRED STOCKS (0.2%)
			Consumer Discretionary (0.1%)
	1,597		Guitar Center, Inc.		198,827
			Energy (0.1%)
	11,245		NuStar Energy, LP‡ 7.625%, 06/15/22 3 mo. USD LIBOR + 5.64%		247,165
	4,725		NuStar Energy, LP‡ 6.969%, 03/02/22 3 mo. USD LIBOR + 6.77%		116,282
	11,500		NuStar Logistics, LP‡ 6.975%, 01/15/43 3 mo. USD LIBOR + 6.73%		289,915
					653,362
			Financials (0.0%)
	4,368		B Riley Financial, Inc.µ 5.250%, 08/31/28		108,239
			TOTAL PREFERRED STOCKS (Cost $998,052)		960,428
	WARRANTS (0.0%) #
			Energy (0.0%)
	884		Chesapeake Energy Corp. 02/09/26, Strike $31.49		34,741
	796		Chesapeake Energy Corp. 02/09/26, Strike $27.08		33,759

NUMBER OF SHARES				VALUE
	491		Chesapeake Energy Corp. 02/09/26, Strike $35.46	$	17,298
	1,446		Denbury, Inc. 09/18/25, Strike $32.59		62,207
	534		Denbury, Inc. 09/18/23, Strike $35.41		21,891
	13,401		Mcdermott International, Ltd.& 06/30/27, Strike $15.98		1
	12,061		Mcdermott International, Ltd.& 06/30/27, Strike $12.33		1
			TOTAL WARRANTS (Cost $284,653)		169,898
NUMBER OF CONTRACTS/ NOTIONAL AMOUNT				VALUE
	PURCHASED OPTIONS (2.7%) #
			Communication Services (0.0%)
	75		Netflix, Inc.
	3,203,550		Call, 03/18/22, Strike $640.00		2,362
			Consumer Discretionary (0.1%)
	240		Lowe’s Companies, Inc.
	5,696,400		Call, 03/18/22, Strike $230.00		373,800
	1,187		Melco Resorts & Entertainment,
	1,253,472		Ltd.
			Call, 01/20/23, Strike $13.00		201,790
	465		Trip.com Group, Ltd.
	1,237,365		Call, 01/20/23, Strike $30.00		181,350
					756,940
			Energy (0.4%)
	560		Pioneer Natural Resources
	12,257,840		Company
			Call, 01/20/23, Strike $200.00		2,010,400
	20	EUR	TotalEnergies, SE
	101,237		Call, 12/16/22, Strike 45.00		16,178
					2,026,578
			Industrials (0.0%)
	48	EUR	Schneider Electric, SE
	723,750		Call, 06/17/22, Strike 170.00		14,587
			Information Technology (0.0%)
	410		Micron Technology, Inc.
	3,373,070		Call, 07/15/22, Strike $90.00		259,325
			Materials (0.0%)
	690		Vale, SA
	1,047,420		Call, 03/18/22, Strike $16.00		35,190
			Other (2.2%)
			Invesco QQQ Trust Series
	1,190
	43,202,950		Put, 12/16/22, Strike $340.00		3,055,325
	1,075
	39,027,875		Put, 02/18/22, Strike $385.00		2,553,662
	790
	28,680,950		Call, 12/16/22, Strike $450.00		372,880
			iShares MSCI Emerging Markets
	9,000
	43,956,000		Put, 11/18/22, Strike $47.00		3,262,500

See accompanying Notes to Schedule of Investments

14

Calamos Global Dynamic Income Fund

SCHEDULE OF INVESTMENTS JANUARY 31, 2022 (UNAUDITED)

NUMBER OF CONTRACTS/ NOTIONAL AMOUNT		VALUE
2,329
11,374,836	Put, 03/18/22, Strike $48.00	$	312,086
1,211	iShares MSCI India ETF
5,554,857	Put, 03/18/22, Strike $45.00		136,238
	SPDR S&P 500 ETF Trust
675
30,368,925	Put, 12/16/22, Strike $400.00		1,419,862
675
30,368,925	Call, 12/16/22, Strike $535.00		224,438
3,469	VanEck Russia ETF
8,315,193	Call, 04/14/22, Strike $26.00		468,315
			11,805,306
	TOTAL PURCHASED OPTIONS (Cost $14,685,393)		14,900,288
TOTAL INVESTMENTS (144.2%)       (Cost $844,185,160)			792,629,209
MANDATORY REDEEMABLE PREFERRED SHARES, AT LIQUIDATION VALUE (-12.7%)			(70,000,000	)
LIABILITIES, LESS OTHER ASSETS (-31.5%)			(173,252,208	)
NET ASSETS (100.0%)		$	549,377,001

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.
µ	Security, or portion of security, is held in a segregated account as collateral for note payable aggregating a total value of $90,949,308.
^	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 January 31, 2022.
~	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 $52,470,714.
¡	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

AED	UAE Dirham
AUD	Australian Dollar

BRL	Brazilian Real
CAD	Canadian Dollar
CHF	Swiss Franc
CNY	Chinese Yuan Renminbi
DKK	Danish Krone
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
MXN	Mexican Peso
NOK	Norwegian Krone
NZD	New Zealand Dollar
PHP	Philippine Peso
SEK	Swedish Krona
SGD	Singapore Dollar
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 JANUARY 31, 2022 (UNAUDITED)

CURRENCY EXPOSURE JANUARY 31, 2022

	Value			% of Total             Investments
US Dollar		$	554,929,479	70.0%
European Monetary Unit			52,337,301	6.6%
New Taiwan Dollar			36,333,174	4.6%
Hong Kong Dollar			31,546,328	4.0%
Indian Rupee			23,169,308	2.9%
Japanese Yen			16,169,731	2.1%
British Pound Sterling			15,830,756	2.0%
Canadian Dollar			13,203,728	1.7%
Swiss Franc			10,837,535	1.4%
Norwegian Krone			4,991,608	0.6%
Chinese Yuan Renminbi			4,749,073	0.6%
South Korean Won			4,612,327	0.6%
Swedish Krona			4,114,073	0.5%
Mexican Peso			4,001,719	0.5%
South African Rand			3,344,760	0.4%
Philippine Peso			2,642,303	0.3%
Brazilian Real			2,611,886	0.3%
Indonesian Rupiah			2,309,483	0.3%
Australian Dollar			1,526,438	0.2%
Thai Baht			1,411,094	0.2%
Singapore Dollar			843,167	0.1%
UAE Dirham			830,917	0.1%
Danish Krone			160,951	0.0%
New Zealand Dollar			122,070	0.0%
Total Investments		$	792,629,209	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.

The Fund’s investment strategy is to generate a high level of current income with a secondary objective of capital appreciation. Under normal circumstances, the Fund will invest primarily in a globally diversified portfolio of convertible instruments, common and preferred stocks, and income-producing securities such as investment grade and below investment grade (high yield/high risk) debt securities. The Fund, under normal circumstances, will invest at least 40% of its managed assets in securities of foreign issuers in developed and emerging markets, including debt and equity securities of corporate issuers and debt securities of government issuers. “Managed assets” means the Fund’s total assets (including any assets attributable to any leverage that may be outstanding) minus total liabilities (other than debt representing financial leverage).

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:

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 January 31, 2022 was as follows*:

Cost basis of investments	$	844,185,160
Gross unrealized appreciation		33,103,271
Gross unrealized depreciation		(84,659,222	)
Net unrealized appreciation (depreciation)	$	(51,555,951	)

* 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

The Fund issued MRPS on August 24, 2021 and September 6, 2017. On August 24, 2021, 1,060,000 MRPS were issued with an aggregate liquidation preference of $26.5 million. Of the 1,060,000 MRPS that were issued, 860,000 MRPS with an aggregate liquidation preference of $21.5 million have a delayed funding date of May 4, 2022. On September 6, 2017, 2,600,000 MRPS were issued 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 MRPS over the respective life of each series of MRPS and shown in the Statement of Operations.

The MRPS are divided into five series with different mandatory redemption dates and dividend rates. The table below summarizes the key terms of each series of the MRPS at January 31, 2022.

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
Series D	8/24/26	2.45%	200	$25	$5,000,000
Series E*	5/24/27	2.68%	860	$25	$21,500,000
				Total	$91,500,000

*Series E MRPS were issued on August 24, 2021, with a delayed funding date of May 24, 2022. Series E MRPS are not included on the Statement of Assets and Liabilities.

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, Series A, B, and C of 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. Series A, B, and C of the MRPS have been assigned a rating of ‘AA-’ by Kroll. As of August 24, 2021, Series D and E of 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 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.