A global convertible strategy that leverages Calamos' capital structure research by investing in convertible securities, in order to generate consistent alpha and manage downside volatility.
Strategy: Global Convertibles
*Strategy AUM reflects all assets that are currently being managed (collectively) under the Calamos Convertible Strategy.
Chief Investment Officers
John P. Calamos, Sr.
Nick P. Calamos
Co-Heads of Research & Investments
7 Portfolio Specialists
Infrastructure & Execution*
*Information is as of 12/31/13.
Since Inception Up/Down Capture Vs. BofA ML G300 Convertible Index (USD)
Annualized Total Returns
Calendar Year Returns
Composite returns are gross of fees. Net of fees returns for 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, 2004, are 13.05%, 3.70%, -1.59%, 12.73%, 32.29%, -26.02%, 15.06%, 13.52%, 8.02%, and 8.00% respectively.
Rolling 5-Year Returns
Composite returns are gross of fees. Net of fees returns for December 31 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, are 11.46%, 2.40%, 4.55%, 7.58%, 6.67%, 2.43%, 13.65%, and 10.42% respectively.
Representative Portfolio Ten Largest Holdings‡
‡The information provided should not be considered a recommendation to purchase or sell any security. There is no assurance that any securities presented herein will remain in the portfolio at the time you receive information or that securities sold have not been repurchased. The securities discussed do not represent an account's entire portfolio and in the aggregate may represent only a small percentage of an account's portfolio holdings. It should not be assumed that any securities transactions or holdings presented were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities presented herein. Ten largest holdings exclude cash or cash equivalents, any government/sovereign bonds or instruments on broad based indexes the portfolio may hold.
First Quarter 2011 Attribution vs. BofA Merrill Lynch Global 300 Convertible Index
From a sector perspective, the portfolio benefited during the quarter from security selection within the consumer discretionary sector. Security selection within the financials and energy sectors also added value. In contrast, selection decisions within information technology and materials detracted from relative returns.
From a geographic perspective, an underweight to Japan added value. We are analyzing the longer-term economic effects from the events in Japan, including the impact to individual companies, the global economic recovery, as well as the potential currency implications associated with the yen intervention. The portfolio’s holdings within the United States and United Kingdom also contributed to relative returns.
The Fund is offered solely to non-U.S. investors under the terms and conditions of the Fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the full and simplified prospectus for the Fund may be obtained by clicking here, or by contacting the local Paying Agent listed by jurisdiction, or through the Fund's Transfer Agent, State Street Fund Services (Ireland) Limited, listed here.
Calamos is a registered investment adviser only in the U.S. and advisory services are not being offered directly, but may be available through select financial professionals in your local jurisdiction.