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Information contained herein is subject to completion or amendment. The information in each fund’s prospectus and statement of additional information) is not complete and may be changed. We may not sell the securities of any fund until such fund’s registration statement filed with the Securities and Exchange Commission is effective. Each fund’s prospectus and statement of additional information is not an offer to sell such fund’s securities and is not soliciting an offer to buy such fund’s securities in any state where the offer or sale is not permitted.

An indication of interest in response to this advertisement will involve no obligation or commitment of any kind.

¹ Aksia LLC is an SEC Registered Investment Adviser and the Subadviser of these funds.

² Calamos Advisors LLC is an SEC Registered Investment Adviser and the Adviser of these funds (together with Aksia LLC, collectively, "AC Private Markets" or "ACPM").

As of 4/30/26. Client assets include AUA and AUM. AUA is defined as the sum of the NAV and unfunded commitments of advisory clients’ underlying investments. AUM is defined as the sum of NAV, unfunded commitments of investment management clients' underlying investments and the amounts committed to Aksia-managed vehicles but not yet committed to underlying investments. AUA/AUM represents assets advised/managed by Aksia and tracked by Aksia’s client operations team; does not include assets of research clients or of clients for which Aksia does not track assets. AUM includes all accounts where Aksia is investment manager and provides continuous and regular supervisory or management services. Client assets is inclusive of $341 bn of assets under advisement (“AUA”) and $38 bn assets under management (“AUM”). Private equity inclusive of $113 bn AUA and $4 bn AUM; private credit inclusive of $100 bn AUA and $24 bn AUM; hedge funds inclusive of $64 bn AUA and $10 bn AUM; real assets inclusive of $65 bn AUA and $220 mn AUM.