$21.83
$0.06 (0.27%)
12.93%
$867.6 Million
7/5/96
Leveraging more than four decades of experience in convertibles, the fund invests primarily in convertible securities of US and foreign companies.
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.
Date | Calamos Convertible Fund (NAV) | Calamos Convertible Fund Load-Adjusted | ICE BofA All US Convertibles Index | S&P 500 Index |
---|---|---|---|---|
YTD 2024 | 6.62 | 5.62 | 7.50 | 22.08 |
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 | 18.40 |
2019 | 18.36 | 17.36 | 23.15 | 31.49 |
2018 | -0.26 | -1.14 | 0.15 | -4.38 |
2017 | 13.44 | 12.44 | 13.70 | 21.83 |
2016 | 3.69 | 2.69 | 10.43 | 11.96 |
2015 | -4.59 | -5.50 | -2.99 | 1.38 |
TimeFrame | Calamos Convertible Fund (NAV) | Calamos Convertible Fund Load-Adjusted | ICE BofA All US Convertibles Index | S&P 500 Index |
---|---|---|---|---|
1 Year | 12.95 | 11.95 | 14.68 | 36.35 |
3 Year | -2.66 | -2.66 | -0.47 | 11.91 |
5 Year | 8.39 | 8.39 | 10.49 | 15.98 |
10 Year | 6.57 | 6.57 | 8.88 | 13.38 |
Since Inception (07/05/96) | 7.41 | 7.41 | 8.37 | 9.91 |
TimeFrame | Calamos Convertible Fund (NAV) | Calamos Convertible Fund Load-Adjusted | ICE BofA All US Convertibles Index | S&P 500 Index |
---|---|---|---|---|
1 Year | 19.81 | 18.81 | 22.76 | 33.89 |
3 Year | -0.47 | -0.47 | 2.05 | 11.44 |
5 Year | 8.96 | 8.96 | 11.10 | 15.77 |
10 Year | 7.03 | 7.03 | 9.42 | 13.35 |
Since Inception (07/05/96) | 7.62 | 7.62 | 8.60 | 10.03 |
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.
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.
Sector | % of Assets | ICE BofA All US Convertibles Index |
---|---|---|
Information Technology | 30.2% | 27.2% |
Consumer Discretionary | 19.1% | 12.1% |
Health Care | 14.3% | 15.1% |
Utilities | 8.7% | 10.6% |
Industrials | 7.5% | 8.2% |
Financials | 7.4% | 10.8% |
Communication Services | 4.9% | 7.4% |
Real Estate | 2.0% | 3.9% |
Consumer Staples | 1.6% | 1.3% |
Energy | 1.6% | 1.6% |
Materials | 0.0% | 1.7% |
Other | 0.0% | 0.0% |
Asset Allocation | % |
---|---|
Convertibles | 97.3738 |
Cash and Receivables/Payables | 2.6262 |
Common Stock | 0 |
Name | % |
---|---|
30-day SEC yield | -0.71% |
Unsubsidized 30-day SEC yield | -0.71% |
Distribution Yield | 1.21% |
Company | Security Type | Industry | % |
---|---|---|---|
Shift4 Payments, Inc. | Convertible Bonds | Transaction & Payment Processing Services | 3.0% |
Alibaba Group Holding, Ltd. | Convertible Bonds | Broadline Retail | 2.3% |
ON Semiconductor Corp. | Convertible Bonds | Semiconductors | 2.2% |
NextEra Energy Capital Holdings, Inc. | Convertible Bonds | Electric Utilities | 2.1% |
Tyler Technologies, Inc. | Convertible Bonds | Application Software | 1.9% |
Royal Caribbean Cruises, Ltd. | Convertible Bonds | Hotels, Resorts & Cruise Lines | 1.9% |
MKS Instruments, Inc. | Convertible Bonds | Semiconductor Equipment | 1.9% |
Southern Company | Convertible Bonds | Electric Utilities | 1.8% |
Palo Alto Networks, Inc. 06/01/25 | Convertible Bonds | Systems Software | 1.8% |
Booking Holdings, Inc. | Convertible Bonds | Hotels, Resorts & Cruise Lines | 1.7% |
Total | 20.6% |
Name | Fund | ICE BofA All US Convertibles Index |
---|---|---|
Net Assets | $867.6 M | N/A |
Number of Holdings | 97 | 416 |
Debt/Capital | 58.3% | 65.3% |
ROIC | 16.8% | 13.0% |
Duration | 1.5 years | N/A |
Median Conversion Premium | 27.2% | 45.1% |
Median Investment Premium | 21.8% | 7.0% |
Portfolio Turnover (12 months) | 40.3% | N/A |
Class | % |
---|---|
AAA | 0.0% |
AA | 0.0% |
A | 5.2% |
BBB | 16.0% |
BB | 0.0% |
B | 0.0% |
CCC and below | 0.6% |
Unrated Securities | 78.1% |
Range | % |
---|---|
< 1 Year | 12.6% |
1 to 5 Years | 73.8% |
5 to 10 Years | 10.0% |
10 to 20 Years | 0.0% |
20 to 30 Years | 0.0% |
> 30 Years | 0.0% |
Equities and Other | 3.6% |
Currency | % |
---|---|
United States Dollar (USD) | 100.0% |
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 |
Name | Frequency |
---|---|
Distributions | QUARTERLY |
Capital Gains | ANNUAL |
Calamos Mutual Funds Estimated 2024 Capital Gains
Preliminary capital gains distribution estimates for Calamos Mutual Funds were posted November 1, 2024. To view the report, click here.
2023 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2023. To view the report, click here.
Frequency | Income | Reinvest |
---|---|---|
Q3 2024 | $0.0000 | 20.18000 |
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 |
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Gross Expense Ratio | 1.13% | 1.88% | 0.88% |
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 |
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 |
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 |
A quarterly update of the Calamos Convertible Fund’s performance, positioning, related market commentary and outlook.
The Convertible Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
The Calamos Convertible Fund is a lower-volatility equity alternative from a convertible market leader.
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.
Like stocks, convertibles typically offer upside appreciation in rising equity markets. Like bonds, convertibles provide income and potential downside protection in declining markets.
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.
Convertible bonds are a viable alternative to fixed income and have outperformed during periods of economic growth and rising rate.
A comprehensive overview of convertible securities, including history, structures, valuation, market environment, and roles within asset allocation.
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.
You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
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.
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.
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.