$18.83
$0.13 (0.70%)
As of 6/1/23
2.55%
As of 6/1/23
$963.9 Million
As of 3/31/23
6/21/85
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.
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.
Create real time reports on performance, risk analysis, peer group analysis, style attribution and more on the Investment Professional site.
CompareDate | Calamos Convertible Fund (NAV) | Calamos Convertible Fund Load-Adjusted | ICE BofA All US Convertibles Index | S&P 500 Index |
---|---|---|---|---|
YTD 2023 | 3.15 | 0.84 | 3.75 | 7.5 |
2022 | -21.23 | -23 | -18.71 | -18.11 |
2021 | 5.22 | 2.83 | 6.34 | 28.71 |
2020 | 48.45 | 45.11 | 46.22 | 18.4 |
2019 | 19.18 | 16.47 | 23.15 | 31.49 |
2018 | 0.5 | -1.78 | 0.15 | -4.38 |
2017 | 14.33 | 8.92 | 13.7 | 21.83 |
2016 | 4.39 | -0.56 | 10.43 | 11.96 |
2015 | -3.83 | -8.38 | -2.99 | 1.38 |
2014 | 4.94 | -0.03 | 9.44 | 13.69 |
TimeFrame | Calamos Convertible Fund (NAV) | Calamos Convertible Fund Load-Adjusted | ICE BofA All US Convertibles Index | S&P 500 Index |
---|---|---|---|---|
1 Year | -12.41 | -14.37 | -10.84 | -7.73 |
3 Year | 13.09 | 12.23 | 14.93 | 18.6 |
5 Year | 8.16 | 7.67 | 9.57 | 11.19 |
10 Year | 7.52 | 7 | 9.61 | 12.24 |
Since Inception | 8.88 | 8.74 | 0 | 10.92 |
TimeFrame | Calamos Convertible Fund (NAV) | Calamos Convertible Fund Load-Adjusted | ICE BofA All US Convertibles Index | S&P 500 Index |
---|---|---|---|---|
1 Year | -7.24 | -9.31 | -5.37 | 2.66 |
3 Year | 7.86 | 7.03 | 10.45 | 14.52 |
5 Year | 7.77 | 7.28 | 9.31 | 11.45 |
10 Year | 7.2 | 6.68 | 9.28 | 12.2 |
Since Inception | 8.81 | 8.67 | 8.14 | 10.94 |
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 3/1/2023 are as follows: A Shares 1.10%, C Shares 1.85% and I Shares 0.85%.
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 | 28.5% | 27.7% |
Health Care | 19.5% | 17.3% |
Consumer Discretionary | 13.4% | 13.8% |
Communication Services | 9.1% | 9.4% |
Financials | 7.9% | 10.2% |
Utilities | 6.2% | 6.7% |
Industrials | 5.0% | 7.0% |
Energy | 2.8% | 3.0% |
Materials | 2.6% | 1.3% |
Consumer Staples | 0.6% | 1.4% |
Real Estate | 0.5% | 2.4% |
Other | 0.0% | 0.0% |
Asset Allocation | % |
---|---|
Convertibles | 96.0183 |
Cash and Receivables/Payables | 3.9817 |
Common Stock | 0 |
Name | % |
---|---|
30-day SEC yield | 1.59% |
Unsubsidized 30-day SEC yield | 1.59% |
Distribution Yield | 0.63% |
Company | Security Type | Industry | % |
---|---|---|---|
DexCom, Inc. | Convertible Bonds | Health Care Equipment | 2.9% |
Shift4 Payments, Inc. | Convertible Bonds | Transaction & Payment Processing Services | 2.6% |
Palo Alto Networks, Inc. | Convertible Bonds | Systems Software | 2.2% |
Ford Motor Company | Convertible Bonds | Automobile Manufacturers | 2.1% |
ON Semiconductor Corp. | Convertible Bonds | Semiconductors | 2.1% |
Microchip Technology, Inc. | Convertible Bonds | Semiconductors | 2.1% |
NextEra Energy, Inc. | DECS,ACES,PRIDES | Electric Utilities | 1.8% |
Splunk, Inc. | Convertible Bonds | Application Software | 1.8% |
Vail Resorts, Inc. | Convertible Bonds | Leisure Facilities | 1.7% |
Etsy, Inc. | Convertible Bonds | Broadline Retail | 1.6% |
Total | 20.9% |
Name | Fund | ICE BofA All US Convertibles Index |
---|---|---|
Net Assets | $963.9 M | N/A |
Number of Holdings | 101 | 485 |
Debt/Capital | 58.5% | 63.6% |
ROIC | 15.6% | 12.8% |
Duration | 1.8 years | N/A |
Median Conversion Premium | 36.2% | 51.3% |
Median Investment Premium | 15.7% | 5.5% |
Portfolio Turnover (12 months) | 34.5% | N/A |
Class | % |
---|---|
AAA | 0.0% |
AA | 0.0% |
A | 2.2% |
BBB | 9.5% |
BB | 3.2% |
B | 0.9% |
CCC and below | 0.0% |
Unrated Securities | 84.1% |
Range | % |
---|---|
< 1 Year | 7.5% |
1 to 5 Years | 74.8% |
5 to 10 Years | 6.5% |
10 to 20 Years | 0.0% |
20 to 30 Years | 0.0% |
> 30 Years | 0.0% |
Equities and Other | 11.2% |
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 |
Name | Frequency |
---|---|
Distributions | QUARTERLY |
Capital Gains | ANNUAL |
2022 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2022. To view the report, click here.
Frequency | Income | Reinvest |
---|---|---|
Q1 2023 | $0.0078 | 18.38000 |
Q4 2022 | $0.0952 | 18.57000 |
Q3 2022 | $0.0080 | 19.31000 |
Q2 2022 | $0.0070 | 18.41000 |
Q1 2022 | $0.0000 | 20.51000 |
Q4 2021 | $0.0000 | 22.77000 |
Q3 2021 | $0.0000 | 26.85000 |
Q2 2021 | $0.0000 | 25.50000 |
Q1 2021 | $0.0000 | 25.50000 |
Q4 2020 | $0.0556 | 0.00000 |
Q3 2020 | $0.0098 | 22.88000 |
Q2 2020 | $0.0034 | 20.72000 |
Q1 2020 | $0.0624 | 14.79000 |
Q4 2019 | $0.0556 | 18.10000 |
Q3 2019 | $0.0618 | 17.47000 |
Q2 2019 | $0.0181 | 17.06000 |
Q1 2019 | $0.0478 | 16.83000 |
Q4 2018 | $0.2263 | 15.35000 |
Q3 2018 | $0.0726 | 19.15000 |
Q2 2018 | $0.0614 | 19.04000 |
Q1 2018 | $0.0620 | 18.58000 |
Q4 2017 | $0.0444 | 17.58000 |
Q3 2017 | $0.0127 | 17.73000 |
Q2 2017 | $0.0596 | 17.37000 |
Q1 2017 | $0.0850 | 16.75000 |
Q4 2016 | $0.1568 | 16.11000 |
Q3 2016 | $0.1635 | 16.03000 |
Q2 2016 | $0.0988 | 15.63000 |
Q1 2016 | $0.0375 | 15.10000 |
Q4 2015 | $0.2579 | 15.74000 |
Q3 2015 | $0.1923 | 16.95000 |
Q2 2015 | $0.1551 | 17.91000 |
Q1 2015 | $0.1235 | 17.89000 |
Q4 2014 | $0.1087 | 17.46000 |
Q3 2014 | $0.1185 | 18.63000 |
Q2 2014 | $0.0424 | 18.60000 |
Q1 2014 | $0.1086 | 18.38000 |
Q4 2013 | $0.4903 | 17.56000 |
Q3 2013 | $0.0000 | 0.00000 |
Q1 2013 | $0.0000 | 0.00000 |
Q4 2012 | $0.0233 | 16.50000 |
Q3 2012 | $0.0000 | 0.00000 |
Q2 2012 | $0.0300 | 16.90000 |
Q1 2012 | $0.0449 | 18.18000 |
Q4 2011 | $0.0682 | 17.11000 |
Q3 2011 | $0.0000 | 0.00000 |
Q2 2011 | $0.1363 | 19.44000 |
Q1 2011 | $0.0265 | 19.80000 |
Q4 2010 | $0.0839 | 19.44000 |
Q3 2010 | $0.1104 | 18.93000 |
Q2 2010 | $0.2405 | 18.58000 |
Q1 2010 | $0.1443 | 19.18000 |
Q4 2009 | $0.1978 | 18.54000 |
Q3 2009 | $0.1392 | 18.39000 |
Q2 2009 | $0.1368 | 16.28000 |
Q1 2009 | $0.1127 | 14.61000 |
Q4 2008 | $0.1081 | 14.24000 |
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 | 1.10% | 1.85% | 0.85% |
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 |
August 1, 2022
Convertible securities continue to be an attractive means of taking a more measured approach to the equity market.
June 3, 2022
Double-digit returns have followed previous drawdowns.
April 28, 2022
The structural benefits of convertible securities helped convertible funds outperform both the S&P 500 and the Bloomberg US Aggregate Bond Index in the high inflationary period between 1979 and 1981.
April 8, 2022
The Convertible Price Track illustrates the theoretical relationships between a convertible bond’s price and the par value of the bond as the underlying stock price rises or falls. Now it's animated!
In a strong equity market, some convertibles can have a high degree of participation, but can also leave clients exposed to downside risk. Joe Wysocki, CFA, Senior Vice President, Co-Portfolio Manager, explains how active management helps “create a portfolio that has the optimal risk/reward throughout the full market cycles.”
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.
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.
Illustration of equity alternatives performance in down markets and fixed income alternative performance in rising interest rate environments.
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.
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