Fund Stats

  • NAV

    $17.07

    $0.00 (0.00%)

    As of 3/18/24

  • Daily YTD Return

    0.50%

    As of 3/18/24

  • Total Net Assets

    $886.1 Million

    As of 12/31/23

  • Inception Date

    6/25/97

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.

Compare Fund

Create real time reports on performance, risk analysis, peer group analysis, style attribution and more on the Investment Professional site.

Compare

Performance

Calendar Year Total Returns

As of 12/31/23
Date Calamos Convertible Fund (NAV) ICE BofA All US Convertibles Index S&P 500 Index
2023 10.92 12.87 26.29
2022 -21.03 -18.71 -18.11
2021 5.46 6.34 28.71
2020 48.77 46.22 18.4
2019 19.5 23.15 31.49
2018 0.72 0.15 -4.38
2017 14.62 13.7 21.83
2016 4.75 10.43 11.96
2015 -3.62 -2.99 1.38
2014 5.19 9.44 13.69

Annualized Total Returns

As of 12/31/23 As of 2/29/24
TimeFrame Calamos Convertible Fund (NAV) ICE BofA All US Convertibles Index S&P 500 Index
1 Year 10.92 12.87 26.29
3 Year -2.61 -0.82 10
5 Year 10.43 11.93 15.69
10 Year 7.25 8.9 12.03
Since Inception (06/25/97) 7.84 8.02 8.55
TimeFrame Calamos Convertible Fund (NAV) ICE BofA All US Convertibles Index S&P 500 Index
1 Year 8.35 8.1 30.45
3 Year -4.1 -2.78 11.91
5 Year 8.58 9.77 14.76
10 Year 6.91 8.27 12.7
Since Inception (06/25/97) 7.81 7.97 8.77

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 12/31/23
Sector % of Assets ICE BofA All US Convertibles Index
Information Technology 27.9% 27.5%
Health Care 19.3% 15.5%
Consumer Discretionary 15.2% 14.6%
Communication Services 9.0% 8.1%
Financials 7.4% 10.1%
Industrials 6.8% 8.0%
Utilities 4.9% 7.8%
Energy 3.3% 2.5%
Materials 2.7% 1.4%
Real Estate 1.1% 3.2%
Consumer Staples 0.9% 1.3%
Other -0.1% 0.0%

Asset Allocation

As of 12/31/23
Asset Allocation %
Convertibles 98.6201
Cash and Receivables/Payables 1.3799
Common Stock 0

Month-End Yield

As of 2/29/24
Name %
30-day SEC yield 1.37%
Unsubsidized 30-day SEC yield 1.37%
Distribution Yield 2.47%

Top 10 Holdings

As of 12/31/23
Company Security Type Industry %
Dexcom, Inc. Convertible Bonds Health Care Equipment 4.1%
Shift4 Payments, Inc. Convertible Bonds Transaction & Payment Processing Services 2.7%
Akamai Technologies, Inc. Convertible Bonds Internet Svcs & Infrastructure 2.3%
ON Semiconductor Corp. Convertible Bonds Semiconductors 2.3%
Ford Motor Company Convertible Bonds Automobile Manufacturers 2.3%
Palo Alto Networks, Inc. 06/01/25 Convertible Bonds Systems Software 2.1%
Rivian Automotive, Inc. Convertible Bonds Automobile Manufacturers 2.1%
Snap, Inc. Convertible Bonds Interactive Media & Services 1.9%
Unity Software, Inc. Convertible Bonds Application Software 1.6%
Royal Caribbean Cruises, Ltd. Convertible Bonds Hotels, Resorts & Cruise Lines 1.6%
Total 23.0%

Fund Facts

As of 12/31/23
Name Fund ICE BofA All US Convertibles Index
Net Assets $886.1 M N/A
Number of Holdings 102 429
Debt/Capital 60.5% 64.3%
ROIC 15.0% 11.9%
Duration 1.6 years N/A
Median Conversion Premium 26.6% 43.5%
Median Investment Premium 20.1% 5.5%
Portfolio Turnover (12 months) 40.9% N/A

Credit Quality of Bonds

As of 12/31/23
Class %
AAA 0.0%
AA 0.0%
A 2.8%
BBB 12.8%
BB 0.0%
B 0.0%
CCC and below 1.1%
Unrated Securities 83.3%

Maturity Schedule

As of 12/31/23
Range %
< 1 Year 4.1%
1 to 5 Years 82.1%
5 to 10 Years 10.3%
10 to 20 Years 0.0%
20 to 30 Years 0.0%
> 30 Years 0.0%
Equities and Other 3.5%

Top Currency Exposures

As of 12/31/23
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
Q4 2023 $0.0986 17.00000
Q3 2023 $0.0428 16.57000
Q2 2023 $0.0412 16.65000
Q1 2023 $0.0196 15.72000
Q4 2022 $0.1079 15.89000
Q3 2022 $0.0198 16.54000
Q2 2022 $0.0202 15.78000
Q1 2022 $0.0000 17.58000
Q4 2021 $0.0023 19.51000
Q3 2021 $0.0032 23.46000
Q2 2021 $0.0000 22.24000
Q1 2021 $0.0000 22.24000
Q4 2020 $0.0703 0.00000
Q3 2020 $0.0230 20.13000
Q2 2020 $0.0141 18.23000
Q1 2020 $0.0742 13.01000
Q4 2019 $0.0671 15.93000
Q3 2019 $0.0725 15.39000
Q2 2019 $0.0289 15.04000
Q1 2019 $0.0556 14.84000
Q4 2018 $0.2390 13.54000
Q3 2018 $0.0845 17.16000
Q2 2018 $0.0729 17.06000
Q1 2018 $0.0731 16.66000
Q4 2017 $0.0559 15.77000
Q3 2017 $0.0244 15.96000
Q2 2017 $0.0696 15.64000
Q1 2017 $0.0951 15.09000
Q4 2016 $0.1674 14.52000
Q3 2016 $0.1745 14.47000
Q2 2016 $0.1090 14.12000
Q1 2016 $0.0478 13.66000
Q4 2015 $0.2696 14.24000
Q3 2015 $0.2035 15.39000
Q2 2015 $0.1663 16.28000
Q1 2015 $0.1348 16.27000
Q4 2014 $0.1202 15.90000
Q3 2014 $0.1312 17.05000
Q2 2014 $0.0537 17.04000
Q1 2014 $0.1197 16.84000
Q4 2013 $0.5393 16.10000
Q3 2013 $0.0000 0.00000
Q2 2013 $0.0000 0.00000
Q1 2013 $0.0000 0.00000
Q4 2012 $0.0507 15.26000
Q3 2012 $0.0000 0.00000
Q2 2012 $0.0422 15.75000
Q1 2012 $0.0571 16.94000
Q4 2011 $0.0961 15.95000
Q3 2011 $0.0000 0.00000
Q2 2011 $0.1499 18.24000
Q1 2011 $0.0396 18.58000
Q4 2010 $0.0959 18.25000
Q3 2010 $0.1220 17.81000
Q2 2010 $0.2529 17.49000
Q1 2010 $0.1564 18.07000
Q4 2009 $0.2084 17.47000
Q3 2009 $0.1492 17.35000
Q2 2009 $0.1452 15.36000
Q1 2009 $0.1186 13.79000
Q4 2008 $0.1137 13.44000
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.

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.

©2024 Calamos Investments LLC. All Rights Reserved. Calamos®, Calamos Investments® and Investment strategies for your serious money® are registered trademarks of Calamos Investments LLC.

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.

The personal data collected by Calamos on this website, or by any other means, is collected and stored in accordance with the General Data Protection Regulation (EU) 2016/679 ("GDPR").

Important Legal Information | Privacy Policy | Business Continuity | Code of Business Conduct and Ethics | ERISA 408(b)(2)