Fund Stats

  • NAV

    $10.42

    $0.03 (0.29%)

    As of 8/16/22

  • Daily YTD Return

    16.71%

    As of 8/16/22

  • Total Net Assets

    $151.6 Million

    As of 6/30/22

  • Inception Date

    12/31/14

Overview

The fund invests in global convertible securities, striving to balance risk/reward while providing growth and income.

Key Features

  • Seeks to provide upside participation in equity markets with less exposure to downside than an equity-only portfolio over a full market cycle.
  • Provides broadly diversified exposure to the global convertible bond universe by blending global investment themes and fundamental research via active management.
  • 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

The fund's portfolio of convertible securities can participate in upside equity movements with potentially limited downside exposure, providing a means to manage risk in conjunction with an equity allocation. The fund can also serve a role within a fixed income allocation, as convertibles have performed well during periods of rising interest rates and inflation.

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Performance

Calendar Year Total Returns

As of 6/30/22
Date Calamos Global Convertible Fund (NAV) Calamos Global Convertible Fund Load-Adjusted Refinitiv Global Convertible Bond Index
YTD 2022 -22.38 -24.14 -20.68
2021 -0.46 -2.69 1.02
2020 38.14 35.03 35.11
2019 14.89 12.31 16.47
2018 -2.98 -5.16 -3.74
2017 14.11 8.72 12.83
2016 3.58 -1.38 3.48
2015 -1.48 -6.17 -2.11

Growth of 10K

As of 6/30/22
Date Calamos Global Convertible Fund Refinitiv Global Convertible Bond Index
12/31/2014 12:00:00 AM 10000 10000
1/31/2015 12:00:00 AM 9990 9915.1
2/28/2015 12:00:00 AM 10350 10220.98
3/31/2015 12:00:00 AM 10330 10124.6
4/30/2015 12:00:00 AM 10410 10384.6
5/31/2015 12:00:00 AM 10420 10467.67
6/30/2015 12:00:00 AM 10213.96 10269.94
7/31/2015 12:00:00 AM 10133.85 10231.84
8/31/2015 12:00:00 AM 9873.5 9929.38
9/30/2015 12:00:00 AM 9627.36 9675.59
10/31/2015 12:00:00 AM 9999.97 10025.75
11/30/2015 12:00:00 AM 9929.47 9855.91
12/31/2015 12:00:00 AM 9851.81 9789.29
1/31/2016 12:00:00 AM 9346.07 9327.53
2/29/2016 12:00:00 AM 9295.49 9331.91
3/31/2016 12:00:00 AM 9770.02 9799.25
4/30/2016 12:00:00 AM 9861.43 9914.2
5/31/2016 12:00:00 AM 9942.68 9903.69
6/30/2016 12:00:00 AM 9822.16 9834.56
7/31/2016 12:00:00 AM 10188.58 10191.26
8/31/2016 12:00:00 AM 10249.65 10216.64
9/30/2016 12:00:00 AM 10341.79 10294.08
10/31/2016 12:00:00 AM 10126.77 10100.34
11/30/2016 12:00:00 AM 10137.01 9989.75
12/31/2016 12:00:00 AM 10204.64 10129.8
1/31/2017 12:00:00 AM 10431.64 10346.07
2/28/2017 12:00:00 AM 10503.87 10491.43
3/31/2017 12:00:00 AM 10629.02 10556.17
4/30/2017 12:00:00 AM 10856.05 10750.19
5/31/2017 12:00:00 AM 11103.72 10911.98
6/30/2017 12:00:00 AM 11122.69 10907.94
7/31/2017 12:00:00 AM 11298.42 11190.57
8/31/2017 12:00:00 AM 11339.77 11173.56
9/30/2017 12:00:00 AM 11476.71 11252.55
10/31/2017 12:00:00 AM 11631.94 11394.45
11/30/2017 12:00:00 AM 11694.03 11460.2
12/31/2017 12:00:00 AM 11644.02 11429.48
1/31/2018 12:00:00 AM 11996.55 11911.35
2/28/2018 12:00:00 AM 11879.04 11710.17
3/31/2018 12:00:00 AM 11848.05 11667.66
4/30/2018 12:00:00 AM 11880.16 11641.64
5/31/2018 12:00:00 AM 11965.79 11750.37
6/30/2018 12:00:00 AM 11939.74 11679.4
7/31/2018 12:00:00 AM 11939.74 11719.34
8/31/2018 12:00:00 AM 12132.66 11875.21
9/30/2018 12:00:00 AM 12072.6 11837.21
10/31/2018 12:00:00 AM 11621.09 11238.84
11/30/2018 12:00:00 AM 11664.09 11322.46
12/31/2018 12:00:00 AM 11296.89 11001.46
1/31/2019 12:00:00 AM 11837.52 11613.48
2/28/2019 12:00:00 AM 12096.57 11876.87
3/31/2019 12:00:00 AM 12026.01 11879.6
4/30/2019 12:00:00 AM 12296.51 12090.94
5/31/2019 12:00:00 AM 11924.57 11731.79
6/30/2019 12:00:00 AM 12318.84 12212.72
7/31/2019 12:00:00 AM 12431.65 12262.61
8/31/2019 12:00:00 AM 12398.08 12149.5
9/30/2019 12:00:00 AM 12336.09 12081.02
10/31/2019 12:00:00 AM 12539.64 12299.79
11/30/2019 12:00:00 AM 12720.21 12511.75
12/31/2019 12:00:00 AM 12978.43 12812.96
1/31/2020 12:00:00 AM 13288.61 13067.37
2/29/2020 12:00:00 AM 13081.31 12700.47
3/31/2020 12:00:00 AM 11941.93 11263.25
4/30/2020 12:00:00 AM 13034.62 12235.96
5/31/2020 12:00:00 AM 13666.8 12929.79
6/30/2020 12:00:00 AM 14269.51 13501.21
7/31/2020 12:00:00 AM 14903.08 14375.39
8/31/2020 12:00:00 AM 15745.1 15125.61
9/30/2020 12:00:00 AM 15491.6 14869.03
10/31/2020 12:00:00 AM 15538.07 14860.97
11/30/2020 12:00:00 AM 17025.06 16388.68
12/31/2020 12:00:00 AM 17925.69 17311.82
1/31/2021 12:00:00 AM 18013.53 17528.12
2/28/2021 12:00:00 AM 18660.22 18040.66
3/31/2021 12:00:00 AM 18008.98 17462.73
4/30/2021 12:00:00 AM 18320.54 17957.3
5/31/2021 12:00:00 AM 18120.85 17793.99
6/30/2021 12:00:00 AM 18456.09 18097.98
7/31/2021 12:00:00 AM 18293.68 17910.2
8/31/2021 12:00:00 AM 18579.06 18198.38
9/30/2021 12:00:00 AM 18181.47 17747.2
10/31/2021 12:00:00 AM 18466.92 18157.79
11/30/2021 12:00:00 AM 17931.38 17519.75
12/31/2021 12:00:00 AM 17841.72 17488.14
1/31/2022 12:00:00 AM 16828.31 16439.19
2/28/2022 12:00:00 AM 16557.37 16283.94
3/31/2022 12:00:00 AM 16471.27 16261.32
4/30/2022 12:00:00 AM 15344.64 15193.47
5/31/2022 12:00:00 AM 14816.78 14731.13
6/30/2022 12:00:00 AM 13847.76 13872.13

Annualized Total Returns

As of 6/30/22 As of 7/31/22
TimeFrame Calamos Global Convertible Fund (NAV) Calamos Global Convertible Fund Load-Adjusted Refinitiv Global Convertible Bond Index
1 Year -24.96 -26.64 -23.35
3 Year 3.99 3.21 4.34
5 Year 4.49 4.01 4.93
Since Inception 4.44 3.76 4.46
TimeFrame Calamos Global Convertible Fund (NAV) Calamos Global Convertible Fund Load-Adjusted Refinitiv Global Convertible Bond Index
1 Year -21.41 -23.18 -19.47
3 Year 4.97 4.19 5.56
5 Year 4.94 4.47 5.21
Since Inception 4.91 4.23 4.95

Important Fund Information

10k Performance is for the Fund's Class A shares at net asset value and does not include the Fund's maximum front-end sales charge of 2.25%. Had it been included, the Fund's return would have been lower. Results are before taxes on fund distributions and assume reinvestment of dividends and capital gains. Index data shown is from 12/31/14, since comparative index data is available only for full monthly periods. Source: Calamos Investments

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 Refinitiv Global Convertible Bond Index is designed to broadly represent the global convertible bond market.

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.

The funds' gross expense ratios as of the prospectus dated 3/1/2022 are as follows: A Shares 1.25%, C Shares 2.00% and I Shares 1.00%.

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 6/30/22
Sector % of Assets Refinitiv Global Convertible Bond Index
Information Technology 32.9% 26.4%
Consumer Discretionary 17.0% 15.9%
Communication Services 12.5% 12.5%
Health Care 11.5% 11.5%
Industrials 5.1% 9.1%
Financials 4.7% 5.9%
Consumer Staples 4.0% 1.8%
Utilities 3.7% 6.5%
Real Estate 3.0% 3.2%
Materials 2.6% 4.8%
Energy 1.5% 2.4%
Other 0.7% 0.0%

Asset Allocation

As of 6/30/22
Asset Allocation %
Convertibles 98.3034
Cash and Receivables/Payables 0.9047
US Government Securities 0.6617
Options 0.1303
Common Stock 0

Month-End Yield

As of 7/31/22
Name %
30-day SEC yield 2.89%
Unsubsidized 30-day SEC yield 2.89%
Distribution Yield 17.84%

Top 10 Holdings

As of 6/30/22
Company Security Type Industry %
DTE Energy Company DECS,ACES,PRIDES Multi-Utilities 1.8%
Microchip Technology, Inc. Convertible Bonds Semiconductors 1.8%
Sea, Ltd. Convertible Bonds Interactive Home Entertainment 1.7%
ON Semiconductor Corp. Convertible Bonds Semiconductors 1.6%
Bank Of America Corp. Convertible Preferred Stocks Diversified Banks 1.5%
Meituan Convertible Bonds Internet & Direct Marketing Retail 1.5%
Pioneer Natural Resources Co Convertible Bonds Oil & Gas Exploration & Production 1.5%
Wells Fargo & Company Convertible Preferred Stocks Diversified Banks 1.5%
Broadcom, Inc. DECS,ACES,PRIDES Semiconductors 1.4%
DigitalOcean Holdings, Inc. Convertible Bonds Internet Services & Infrastructure 1.4%
Total 15.7%

Fund Facts

As of 6/30/22
Name Fund Refinitiv Global Convertible Bond Index
Number of Holdings 137 573
Debt/Capital 49.0% 56.1%
Duration 2.4 years N/A
Conversion Premium 57.8% 54.5%
Investment Premium 5.8% 3.5%
Portfolio Turnover (12 months) 28.4% N/A
ROIC 12.4% 12.2%
Net Assets $151.6 M N/A

Regional Exposure

As of 6/30/22
Region % of Assets
North America 62.0%
Asia/Pacific 21.9%
Europe 13.8%
Middle East/Africa 1.3%
Caribbean 0.0%
Latin America 0.0%

Top Country Exposures

As of 6/30/22
Country %
United States 59.2%
China 6.1%
Japan 4.3%
Singapore 3.9%
Germany 3.6%
Canada 2.8%
South Korea 2.3%
United Kingdom 2.3%
India 2.1%
France 1.7%

Top Currency Exposures

As of 6/30/22
Currency %
United States Dollar (USD) 79.5%
Euro (EUR) 12.0%
Japanese Yen (JPY) 4.4%
British Pound Sterling (GBP) 1.5%
Canadian Dollar (CAD) 1.0%
Hong Kong Dollar (HKD) 0.9%
Australian Dollar (AUD) 0.8%
Swiss Franc (CHF) 0.0%
Taiwan Dollar (TWD) 0.0%
Singapore Dollar (SGD) 0.0%

Credit Quality of Bonds

As of 6/30/22
Class %
AAA 0.7%
AA 0.0%
A 1.7%
BBB 11.0%
BB 1.3%
B 0.0%
CCC and below 0.5%
Unrated Securities 85.0%

Maturity Schedule

As of 6/30/22
Range %
< 1 Year 7.7%
1 to 5 Years 77.6%
5 to 10 Years 5.0%
10 to 20 Years 0.0%
20 to 30 Years 0.0%
> 30 Years 0.0%
Equities and Other 9.8%

Bond Duration

As of 6/30/22
Name Duration
Weighted Avg. Duration 2.4 years
Weighted Avg. Maturity 3.0 years

Distributions

Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2015 0.0000
2016 0.0000
2017 0.3382
2018 0.3110
2019 0.1483
2020 1.1275
2021 1.7924

Schedule

Name Frequency
Distributions QUARTERLY
Capital Gains ANNUAL

2021 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 20, 2021. To view the report, click here.

Distributions

Schedule: QUARTERLY
Most Recent Distributions
Frequency Income Reinvest
Q2 2022 $0.0000 9.85000
Q1 2022 $0.0000 10.98000
Q4 2021 $0.0058 12.24000
Q3 2021 $0.0000 14.91000
Q2 2021 $0.0000 14.37000
Q1 2021 $0.0062 14.37000
Q4 2020 $0.0003 0.00000
Q3 2020 $0.0000 13.45000
Q2 2020 $0.0242 12.48000
Q1 2020 $0.0000 9.83000
Q4 2019 $0.0377 11.16000
Q3 2019 $0.0356 11.03000
Q2 2019 $0.0097 10.75000
Q1 2019 $0.0074 10.68000
Q4 2018 $0.1656 9.99000
Q3 2018 $0.0339 11.22000
Q2 2018 $0.0160 11.34000
Q1 2018 $0.0214 11.29000
Q4 2017 $0.0109 10.82000
Q3 2017 $0.0124 11.02000
Q2 2017 $0.0183 10.73000
Q1 2017 $0.0013 10.28000
Q4 2016 $0.0758 9.85000
Q3 2016 $0.0596 9.95000
Q2 2016 $0.0215 9.73000
Q1 2016 $0.0388 9.53000
Q4 2015 $0.0426 9.68000
Q3 2015 $0.0561 9.90000
Q2 2015 $0.0142 13.37000

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares
Gross Expense Ratio 1.25% 2.00% 1.00%

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 12/31/14 12/31/14 12/31/14
Ticker Symbol CAGCX CCGCX CXGCX
CUSIP number 128120748 128120730 128120722

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 2971 2972 2973
Dividends QUARTERLY QUARTERLY QUARTERLY
Capital Gains ANNUAL ANNUAL ANNUAL

Literature

Latest Related Blog Posts

Videos

About the Fund

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Calamos Global Convertible Fund Quarterly Commentary

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

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Calamos Global Convertible Fact Sheet

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

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Maximizing the Opportunity in Convertible Securities

This guide provides a brief overview of Calamos’ history in the asset class, how convertibles can be used in strategic asset allocation, and the attractive conditions we see in the market today. Included is an overview of the Calamos funds that use convertible securities in varied ways to achieve compelling short and long-term performance.

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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.

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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.

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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.

Prospectus and Reports

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Calamos Global Convertible Fund Prospectus

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

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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.

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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.

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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.

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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.