Fund Stats

  • NAV

    $20.10

    $0.01 (0.05%)

    As of 7/19/24

  • Daily YTD Return

    3.98%

    As of 7/19/24

  • Total Net Assets

    $854.4 Million

    As of 6/30/24

  • Inception Date

    7/5/96

Calamos Convertible Mutual Fund Overview

Leveraging more than four decades of experience in convertibles, the fund invests primarily in convertible securities of US and foreign companies without regard to market cap.

Key Features

  • Provides diversification across market sectors and credit quality, emphasizing midsize companies with higher-quality balance sheets.
  • Seeks to provide upside participation in equity markets with less exposure to downside than an equity-only portfolio over a full market cycle.
  • Takes environmental, social and governance (ESG) factors into account, evaluating whether they impact a company's cash flow, risk profile and long-term returns.

Portfolio Fit

When used in conjunction with an equity allocation, the fund offers a potential way to manage risk by employing securities that engage in upside equity movements with limited downside participation.

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Performance

Calendar Year Total Returns

As of 6/30/24
Date Calamos Convertible Fund (NAV) Calamos Convertible Fund Load-Adjusted ICE BofA All US Convertibles Index S&P 500 Index
YTD 2024 2.9 1.9 2.13 15.29
2023 9.79 8.79 12.87 26.29
2022 -21.83 -22.61 -18.71 -18.11
2021 4.44 3.53 6.34 28.71
2020 47.27 46.27 46.22 18.4
2019 18.36 17.36 23.15 31.49
2018 -0.26 -1.14 0.15 -4.38
2017 13.44 12.44 13.7 21.83
2016 3.69 2.69 10.43 11.96
2015 -4.59 -5.5 -2.99 1.38

Annualized Total Returns

As of 6/30/24 As of 6/30/24
TimeFrame Calamos Convertible Fund (NAV) Calamos Convertible Fund Load-Adjusted ICE BofA All US Convertibles Index S&P 500 Index
1 Year 5.86 4.86 6.19 24.56
3 Year -3.83 -3.83 -2.31 10.01
5 Year 7.53 7.53 9.4 15.05
10 Year 5.96 5.96 8.14 12.86
Since Inception (07/05/96) 7.35 7.35 8.25 9.79
TimeFrame Calamos Convertible Fund (NAV) Calamos Convertible Fund Load-Adjusted ICE BofA All US Convertibles Index S&P 500 Index
1 Year 5.86 4.86 6.19 24.56
3 Year -3.83 -3.83 -2.31 10.01
5 Year 7.53 7.53 9.4 15.05
10 Year 5.96 5.96 8.14 12.86
Since Inception (07/05/96) 7.35 7.35 8.25 9.79

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Risk Information. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund's maximum front-end sales load of 2.25%. Had it been included, the Fund's return would have been lower.

Index and Morningstar category data shown reflects full month periods only. If share class inception date is on or before the 15th of the month, the index or category calculation inception date begins on the first day of that month. If share class inception date is after the 15th of the month, the index or category calculation inception date begins on the first day of the following month.

The funds' gross expense ratios as of the prospectus dated 3/1/2024 are as follows: A Shares 1.13%, C Shares 1.88% and I Shares 0.88%.

S&P 500 Index is generally considered representative of the US stock market.

The ICE BofA All US Convertibles Index (VXA0) measures the return of all US convertibles.

Unmanaged index returns, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions.

Class I shares are offered primarily for direct investment by investors through certain tax-exempt retirement plans and by institutional clients, provided such plans or clients have assets of at least $1 million. For eligibility requirements and other available share classes see the prospectus and other Fund documents at www.calamos.com.

Portfolio

Sector Weightings

As of 6/30/24
Sector % of Assets ICE BofA All US Convertibles Index
Information Technology 28.7% 26.8%
Consumer Discretionary 19.3% 13.8%
Health Care 17.4% 15.7%
Financials 7.2% 11.0%
Industrials 7.1% 8.2%
Utilities 6.5% 8.6%
Communication Services 5.7% 7.5%
Energy 1.7% 1.6%
Consumer Staples 1.5% 1.3%
Real Estate 1.1% 3.5%
Materials 0.7% 2.2%
Other 0.1% 0.0%

Asset Allocation

As of 6/30/24
Asset Allocation %
Convertibles 96.8547
Cash and Receivables/Payables 3.0364
Options 0.1089
Common Stock 0

Month-End Yield

As of 6/30/24
Name %
30-day SEC yield -0.02%
Unsubsidized 30-day SEC yield -0.02%
Distribution Yield 1.35%

Top 10 Holdings

As of 6/30/24
Company Security Type Industry %
Dexcom, Inc. Convertible Bonds Health Care Equipment 4.0%
Shift4 Payments, Inc. Convertible Bonds Transaction & Payment Processing Services 2.8%
ON Semiconductor Corp. Convertible Bonds Semiconductors 2.2%
Snap, Inc. Convertible Bonds Interactive Media & Services 2.0%
Royal Caribbean Cruises, Ltd. Convertible Bonds Hotels, Resorts & Cruise Lines 2.0%
Ford Motor Company Convertible Bonds Automobile Manufacturers 1.9%
SK Hynix, Inc. Convertible Bonds Semiconductors 1.8%
Palo Alto Networks, Inc. 06/01/25 Convertible Bonds Systems Software 1.8%
Tyler Technologies, Inc. Convertible Bonds Application Software 1.8%
Integer Holdings Corp. Convertible Bonds Health Care Equipment 1.7%
Total 22.0%

Fund Facts

As of 6/30/24
Name Fund ICE BofA All US Convertibles Index
Net Assets $854.4 M N/A
Number of Holdings 99 426
Debt/Capital 60.4% 65.4%
ROIC 17.0% 13.0%
Duration 1.5 years N/A
Median Conversion Premium 26.5% 47.3%
Median Investment Premium 20.9% 5.3%
Portfolio Turnover (12 months) 47.6% N/A

Credit Quality of Bonds

As of 6/30/24
Class %
AAA 0.0%
AA 0.0%
A 3.2%
BBB 14.8%
BB 0.0%
B 0.0%
CCC and below 0.5%
Unrated Securities 81.5%

Maturity Schedule

As of 6/30/24
Range %
< 1 Year 9.4%
1 to 5 Years 80.1%
5 to 10 Years 7.4%
10 to 20 Years 0.0%
20 to 30 Years 0.0%
> 30 Years 0.0%
Equities and Other 3.1%

Top Currency Exposures

As of 6/30/24
Currency %
United States Dollar (USD) 100.0%

Distributions

Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2008 0.0337
2009 0.0000
2010 0.6091
2011 1.4755
2012 1.5585
2013 1.3264
2014 0.8824
2015 0.2719
2016 0.0000
2017 0.5314
2018 1.8205
2019 0.0000
2020 1.5354
2021 3.1893
2022 0.0000
2023 0.2188

Schedule

Name Frequency
Distributions QUARTERLY
Capital Gains ANNUAL

2023 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2023. To view the report, click here.

Distributions

Schedule: QUARTERLY
Most Recent Distributions
Frequency Income Reinvest
Q2 2024 $0.0000 19.59000
Q1 2024 $0.0000 19.39000
Q4 2023 $0.0489 19.33000
Q3 2023 $0.0000 18.80000
Q2 2023 $0.0000 18.89000
Q1 2023 $0.0000 17.84000
Q4 2022 $0.0599 18.05000
Q3 2022 $0.0000 18.77000
Q2 2022 $0.0000 17.93000
Q1 2022 $0.0000 20.00000
Q4 2021 $0.0000 22.25000
Q3 2021 $0.0000 26.36000
Q2 2021 $0.0000 25.17000
Q1 2021 $0.0000 25.17000
Q4 2020 $0.0000 0.00000
Q3 2020 $0.0000 22.60000
Q2 2020 $0.0000 20.50000
Q1 2020 $0.0251 14.65000
Q4 2019 $0.0191 17.92000
Q3 2019 $0.0241 17.30000
Q2 2019 $0.0000 16.89000
Q1 2019 $0.0000 16.67000
Q4 2018 $0.1894 15.19000
Q3 2018 $0.0361 18.97000
Q2 2018 $0.0282 18.86000
Q1 2018 $0.0280 18.41000
Q4 2017 $0.0106 17.42000
Q3 2017 $0.0000 17.57000
Q2 2017 $0.0229 17.23999
Q1 2017 $0.0534 16.61000
Q4 2016 $0.1250 15.98000
Q3 2016 $0.1315 15.90000
Q2 2016 $0.0692 15.50000
Q1 2016 $0.0091 14.98000
Q4 2015 $0.2267 15.62000
Q3 2015 $0.1597 16.82000
Q2 2015 $0.1218 17.77000
Q1 2015 $0.0899 17.75000
Q4 2014 $0.0747 17.32000
Q3 2014 $0.0845 18.49000
Q2 2014 $0.0088 18.47000
Q1 2014 $0.0735 18.24000
Q4 2013 $0.3181 17.43000
Q3 2013 $0.0000 0.00000
Q2 2013 $0.0000 0.00000
Q1 2013 $0.0000 0.00000
Q4 2012 $0.0000 16.37000
Q3 2012 $0.0000 0.00000
Q2 2012 $0.0000 16.82000
Q1 2012 $0.0105 18.09000
Q4 2011 $0.0000 17.02000
Q3 2011 $0.0000 0.00000
Q2 2011 $0.0978 19.36000
Q1 2011 $0.0000 0.00000
Q4 2010 $0.0467 19.36000
Q3 2010 $0.0759 18.86000
Q2 2010 $0.2056 18.51000
Q1 2010 $0.1119 19.11000
Q4 2009 $0.1653 18.48000
Q3 2009 $0.1078 18.34000
Q2 2009 $0.1108 16.23000
Q1 2009 $0.0907 14.57000
Q4 2008 $0.0835 14.21000
Q3 2008 $0.0000 0.00000
Q2 2008 $0.0000 0.00000
Q1 2008 $0.0000 0.00000

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares
Gross Expense Ratio 1.13% 1.88% 0.88%

Investment Information

Name A Shares C Shares I Shares
Minimum initial investment $2500 $2500 $1 million
Minimum subsequent investments $50 $50 $0
IRA initial investments $500 $500 N/A

Fund Information

Name A Shares C Shares I Shares
Inception Date 6/21/85 7/05/96 6/25/97
Ticker Symbol CCVIX CCVCX CICVX
CUSIP number 128119401 128119823 128119864

Sales & Distribution

Name A Shares C Shares I Shares
Sales Load Front-End Level-Load N/A
Maximum Sales Charge 2.25 1.00 N/A
US Bank Fund Number 603 617 627
Dividends QUARTERLY QUARTERLY QUARTERLY
Capital Gains ANNUAL ANNUAL ANNUAL

Literature

Latest Related Blog Posts

Videos

About the Fund

Calamos Convertible Fund Quarterly Commentary

A quarterly update of the Calamos Convertible Fund’s performance, positioning, related market commentary and outlook.

Calamos Convertible Fund Fact Sheet

The Convertible Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.

Calamos Convertible Fund Three Pillars Flyer

The Calamos Convertible Fund is a lower-volatility equity alternative from a convertible market leader.

The Case for Strategic Convertible Allocations

John P. Calamos, Sr. and Eli Pars discuss the role of convertible securities within portfolios, the value of active management, and encouraging global trends within the convertible market.

The Opportunity of Convertible Securities

Like stocks, convertibles typically offer upside appreciation in rising equity markets. Like bonds, convertibles provide income and potential downside protection in declining markets.

CICVX—Managing Risk Over Market Cycles

Here’s how Calamos Convertible Fund has managed risk during market cycles including the Great ‘90s Bull Market, the Internet Bubble Crash and recovery, and the Financial Crisis and recovery.

Convertibles Can Enhance a Fixed Income Allocation

Convertible bonds are a viable alternative to fixed income and have outperformed during periods of economic growth and rising rate.

Convertible Securities: Structures, Valuation, Market Environment, and Asset Allocation

A comprehensive overview of convertible securities, including history, structures, valuation, market environment, and roles within asset allocation.

Calamos Strategies for Different Market Periods

Illustration of equity alternatives performance in down markets and fixed income alternative performance in rising interest rate environments.

Prospectus and Reports

Calamos Convertible Fund Prospectus

This summary contains important information about the Class A, C, and I Convertible Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.

Statutory Prospectus

You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.

SAI

The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations.

Semi-Annual Report

The semi-annual report includes a letter from John P. Calamos, Sr. to shareholders and provides a comprehensive review of the fund’s activities and financial performance over a six month period.

Annual Report

The annual report includes a letter from John P. Calamos, Sr. to shareholders outlining the fund's performance, as well as a comprehensive review of the fund’s activities and financial performance.

Calamos Financial Services LLC, Distributor

Check the background of the firm and its investment professionals on FINRA's BrokerCheck.

Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing.

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Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Financial Services LLC and Calamos Antetokounmpo Asset Management LLC.

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