Fund Stats

  • NAV

    $10.67

    $0.07 (0.65%)

    As of 4/15/24

  • Daily YTD Return

    1.52%

    As of 4/15/24

  • Total Net Assets

    $129.5 Million

    As of 3/31/24

  • Inception Date

    12/31/14

Calamos Global Convertible Mutual Fund 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.

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 3/31/24
Date Calamos Global Convertible Fund (NAV) Calamos Global Convertible Fund Load-Adjusted Refinitiv Global Convertible Bond Index
YTD 2024 4.28 3.28 1.81
2023 12.29 11.29 12.44
2022 -22.84 -23.61 -18.88
2021 -1.19 -2.05 1.02
2020 37.16 36.16 35.11
2019 14.05 13.05 16.47
2018 -3.77 -4.69 -3.74
2017 13.3 12.3 12.83
2016 2.81 1.81 3.48
2015 -2.2 -3.17 -2.11

Growth of 10K

As of 3/31/24
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 9980 9915.1
2/28/2015 12:00:00 AM 10340 10220.98
3/31/2015 12:00:00 AM 10310 10124.6
4/30/2015 12:00:00 AM 10390 10384.6
5/31/2015 12:00:00 AM 10390 10467.67
6/30/2015 12:00:00 AM 10177.61 10269.94
7/31/2015 12:00:00 AM 10097.55 10231.84
8/31/2015 12:00:00 AM 9827.35 9929.38
9/30/2015 12:00:00 AM 9575.99 9675.59
10/31/2015 12:00:00 AM 9947.78 10025.75
11/30/2015 12:00:00 AM 9867.39 9855.91
12/31/2015 12:00:00 AM 9780.24 9789.29
1/31/2016 12:00:00 AM 9276.1 9327.53
2/29/2016 12:00:00 AM 9215.61 9331.91
3/31/2016 12:00:00 AM 9681.09 9799.25
4/30/2016 12:00:00 AM 9761.93 9914.2
5/31/2016 12:00:00 AM 9842.78 9903.69
6/30/2016 12:00:00 AM 9724.49 9834.56
7/31/2016 12:00:00 AM 10078.29 10191.26
8/31/2016 12:00:00 AM 10118.73 10216.64
9/30/2016 12:00:00 AM 10210.34 10294.08
10/31/2016 12:00:00 AM 9997.2 10100.34
11/30/2016 12:00:00 AM 9997.2 9989.75
12/31/2016 12:00:00 AM 10054.72 10129.8
1/31/2017 12:00:00 AM 10279.29 10346.07
2/28/2017 12:00:00 AM 10340.54 10491.43
3/31/2017 12:00:00 AM 10452.83 10556.17
4/30/2017 12:00:00 AM 10667.19 10750.19
5/31/2017 12:00:00 AM 10912.18 10911.98
6/30/2017 12:00:00 AM 10921.12 10907.94
7/31/2017 12:00:00 AM 11084.73 11190.57
8/31/2017 12:00:00 AM 11115.41 11173.56
9/30/2017 12:00:00 AM 11248.35 11252.55
10/31/2017 12:00:00 AM 11391.51 11394.45
11/30/2017 12:00:00 AM 11442.64 11460.2
12/31/2017 12:00:00 AM 11392.25 11429.48
1/31/2018 12:00:00 AM 11729.8 11911.35
2/28/2018 12:00:00 AM 11603.22 11710.17
3/31/2018 12:00:00 AM 11564.63 11667.66
4/30/2018 12:00:00 AM 11596.29 11641.64
5/31/2018 12:00:00 AM 11670.15 11750.37
6/30/2018 12:00:00 AM 11638.5 11679.4
7/31/2018 12:00:00 AM 11627.95 11719.34
8/31/2018 12:00:00 AM 11807.33 11875.21
9/30/2018 12:00:00 AM 11736.96 11837.21
10/31/2018 12:00:00 AM 11303.82 11238.84
11/30/2018 12:00:00 AM 11335.52 11322.46
12/31/2018 12:00:00 AM 10963.02 11001.46
1/31/2019 12:00:00 AM 11493.49 11613.48
2/28/2019 12:00:00 AM 11725.57 11876.87
3/31/2019 12:00:00 AM 11659.26 11879.6
4/30/2019 12:00:00 AM 11913.44 12090.94
5/31/2019 12:00:00 AM 11537.69 11731.79
6/30/2019 12:00:00 AM 11913.44 12212.72
7/31/2019 12:00:00 AM 12012.9 12262.61
8/31/2019 12:00:00 AM 11979.26 12149.5
9/30/2019 12:00:00 AM 11907.38 12081.02
10/31/2019 12:00:00 AM 12095.52 12299.79
11/30/2019 12:00:00 AM 12261.23 12511.75
12/31/2019 12:00:00 AM 12501.55 12812.96
1/31/2020 12:00:00 AM 12794.09 13067.37
2/29/2020 12:00:00 AM 12591.94 12700.47
3/31/2020 12:00:00 AM 11491.4 11263.25
4/30/2020 12:00:00 AM 12524.48 12235.96
5/31/2020 12:00:00 AM 13130.66 12929.79
6/30/2020 12:00:00 AM 13696.59 13501.21
7/31/2020 12:00:00 AM 14303.35 14375.39
8/31/2020 12:00:00 AM 15101.48 15125.61
9/30/2020 12:00:00 AM 14843.24 14869.03
10/31/2020 12:00:00 AM 14887.77 14860.97
11/30/2020 12:00:00 AM 16291.69 16388.68
12/31/2020 12:00:00 AM 17147 17311.82
1/31/2021 12:00:00 AM 17219.02 17528.12
2/28/2021 12:00:00 AM 17825.13 18040.66
3/31/2021 12:00:00 AM 17194.12 17462.73
4/30/2021 12:00:00 AM 17484.7 17957.3
5/31/2021 12:00:00 AM 17278.38 17793.99
6/30/2021 12:00:00 AM 17594.57 18097.98
7/31/2021 12:00:00 AM 17423.9 17910.2
8/31/2021 12:00:00 AM 17678.29 18198.38
9/30/2021 12:00:00 AM 17289.37 17747.2
10/31/2021 12:00:00 AM 17555.63 18157.79
11/30/2021 12:00:00 AM 17034.23 17519.75
12/31/2021 12:00:00 AM 16938.84 17488.14
1/31/2022 12:00:00 AM 15961.47 16439.19
2/28/2022 12:00:00 AM 15710.87 16283.94
3/31/2022 12:00:00 AM 15613.46 16261.32
4/30/2022 12:00:00 AM 14537.69 15193.47
5/31/2022 12:00:00 AM 14034.69 14731.13
6/30/2022 12:00:00 AM 13098.58 13872.13
7/31/2022 12:00:00 AM 13587.16 14423.41
8/31/2022 12:00:00 AM 13489.33 14433.02
9/30/2022 12:00:00 AM 12721.79 13568.14
10/31/2022 12:00:00 AM 12889.72 13826.89
11/30/2022 12:00:00 AM 13280.28 14297.91
12/31/2022 12:00:00 AM 13070.45 14186.66
1/31/2023 12:00:00 AM 13880.82 15006.3
2/28/2023 12:00:00 AM 13574.05 14751.89
3/31/2023 12:00:00 AM 13713.86 14848.57
4/30/2023 12:00:00 AM 13602.78 14760.87
5/31/2023 12:00:00 AM 13602.78 14702
6/30/2023 12:00:00 AM 14189.06 15319.28
7/31/2023 12:00:00 AM 14593.45 15753.11
8/31/2023 12:00:00 AM 14230.07 15339.73
9/30/2023 12:00:00 AM 13965.39 14952.38
10/31/2023 12:00:00 AM 13406.77 14425.27
11/30/2023 12:00:00 AM 14105.26 15197.8
12/31/2023 12:00:00 AM 14677.93 15952.06
1/31/2024 12:00:00 AM 14635.36 15742.89
2/29/2024 12:00:00 AM 14955.87 15902.16
3/31/2024 12:00:00 AM 15304.34 16240.86

Annualized Total Returns

As of 3/31/24 As of 3/31/24
TimeFrame Calamos Global Convertible Fund (NAV) Calamos Global Convertible Fund Load-Adjusted Refinitiv Global Convertible Bond Index
1 Year 11.61 10.61 9.38
3 Year -3.8 -3.8 -2.39
5 Year 5.6 5.6 6.45
Since Inception (12/31/14) 4.71 4.71 5.38
TimeFrame Calamos Global Convertible Fund (NAV) Calamos Global Convertible Fund Load-Adjusted Refinitiv Global Convertible Bond Index
1 Year 11.61 10.61 9.38
3 Year -3.8 -3.8 -2.39
5 Year 5.6 5.6 6.45
Since Inception (12/31/14) 4.71 4.71 5.38

Important Fund Information

10k Performance is for the Fund's Class C shares at net asset value and does not include the Fund's maximum level-load sales charge of 1.00%. 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.

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 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 3/1/2024 are as follows: A Shares 1.34%, C Shares 2.09% and I Shares 1.09%.

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 3/31/24
Sector % of Assets Refinitiv Global Convertible Bond Index
Information Technology 24.0% 22.0%
Consumer Discretionary 19.3% 16.7%
Health Care 14.6% 10.9%
Industrials 9.2% 12.7%
Financials 7.0% 9.3%
Energy 5.3% 2.1%
Communication Services 5.1% 8.3%
Utilities 3.4% 6.5%
Consumer Staples 2.8% 2.2%
Materials 2.1% 5.2%
Real Estate 1.7% 4.0%
Other 2.7% 0.0%

Asset Allocation

As of 3/31/24
Asset Allocation %
Convertibles 94.1131
Cash and Receivables/Payables 2.8379
US Government Securities 2.6578
Options 0.3913
Common Stock 0

Month-End Yield

As of 3/31/24
Name %
30-day SEC yield 0.68%
Unsubsidized 30-day SEC yield 0.68%
Distribution Yield 0.00%

Top 10 Holdings

As of 3/31/24
Company Security Type Industry %
SCREEN Holdings Company, Ltd. Convertible Bonds Semiconductor Equipment 2.4%
MakeMyTrip, Ltd. Convertible Bonds Hotels, Resorts & Cruise Lines 2.1%
NCL Corp., Ltd. Convertible Bonds Hotels, Resorts & Cruise Lines 2.0%
Eni S.p.A. Convertible Bonds Integrated Oil & Gas 2.0%
Royal Caribbean Cruises, Ltd. Convertible Bonds Hotels, Resorts & Cruise Lines 2.0%
DraftKings Holdings, Inc. Convertible Bonds Casinos & Gaming 1.8%
Wayfair, Inc. Convertible Bonds Homefurnishing Retail 1.8%
Apollo Asset Management, Inc. DECS,ACES,PRIDES Diversified Financial Services 1.6%
Meituan Convertible Bonds Restaurants 1.6%
Sea, Ltd. Convertible Bonds Interactive Home Entertainment 1.5%
Total 18.8%

Fund Facts

As of 3/31/24
Name Fund Refinitiv Global Convertible Bond Index
Net Assets $129.5 M N/A
Number of Holdings 125 510
Debt/Capital 54.0% 56.2%
ROIC 15.5% 13.4%
Duration 1.5 years N/A
Median Conversion Premium 34.5% 39.4%
Median Investment Premium 11.1% 6.6%
Portfolio Turnover (12 months) 25.2% N/A

Regional Exposure

As of 3/31/24
Region % of Assets
North America 62.8%
Asia/Pacific 18.5%
Europe 14.1%
Middle East/Africa 1.7%
Caribbean 0.0%
Latin America 0.0%

Top Country Exposures

As of 3/31/24
Country %
United States 62.3%
Japan 5.3%
France 4.8%
Italy 3.7%
India 3.4%
South Korea 3.1%
United Kingdom 2.3%
China 1.9%
Germany 1.8%
Israel 1.7%

Top Currency Exposures

As of 3/31/24
Currency %
United States Dollar (USD) 78.5%
Euro (EUR) 13.0%
Japanese Yen (JPY) 5.5%
British Pound Sterling (GBP) 2.1%
Australian Dollar (AUD) 0.7%
Swiss Franc (CHF) 0.1%
Hong Kong Dollar (HKD) 0.0%
Singapore Dollar (SGD) 0.0%
Canadian Dollar (CAD) 0.0%
Taiwan Dollar (TWD) 0.0%

Credit Quality of Bonds

As of 3/31/24
Class %
AAA 2.7%
AA 0.0%
A 6.6%
BBB 9.3%
BB 0.0%
B 0.0%
CCC and below 0.7%
Unrated Securities 80.6%

Maturity Schedule

As of 3/31/24
Range %
< 1 Year 13.0%
1 to 5 Years 75.7%
5 to 10 Years 8.8%
10 to 20 Years 0.0%
20 to 30 Years 0.0%
> 30 Years 0.0%
Equities and Other 2.5%

Bond Duration

As of 3/31/24
Name Duration
Weighted Avg. Duration 1.5 years
Weighted Avg. Maturity 2.9 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
2022 0.0000
2023 0.0000

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
Q1 2024 $0.0000 10.79000
Q4 2023 $0.0000 10.46000
Q3 2023 $0.0000 10.14000
Q2 2023 $0.0000 10.11000
Q1 2023 $0.0000 9.51000
Q4 2022 $0.0000 9.41000
Q3 2022 $0.0000 9.66000
Q2 2022 $0.0000 9.51000
Q1 2022 $0.0000 10.63000
Q4 2021 $0.0000 11.87000
Q3 2021 $0.0000 14.54000
Q2 2021 $0.0000 14.09000
Q1 2021 $0.0000 14.09000
Q4 2020 $0.0000 0.00000
Q3 2020 $0.0000 13.23000
Q2 2020 $0.0040 12.29000
Q1 2020 $0.0000 9.68000
Q4 2019 $0.0175 11.02000
Q3 2019 $0.0154 10.89000
Q2 2019 $0.0000 10.62000
Q1 2019 $0.0000 10.56000
Q4 2018 $0.1446 9.88000
Q3 2018 $0.0133 11.11000
Q2 2018 $0.0000 11.23000
Q1 2018 $0.0035 11.18000
Q4 2017 $0.0000 10.72000
Q3 2017 $0.0000 10.93000
Q2 2017 $0.0187 10.65000
Q1 2017 $0.0000 10.23000
Q4 2016 $0.0565 9.81000
Q3 2016 $0.0400 9.91000
Q2 2016 $0.0030 9.69000
Q1 2016 $0.0215 9.50000
Q4 2015 $0.0331 9.65000
Q3 2015 $0.0402 9.87000
Q2 2015 $0.0077 13.35000

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares
Gross Expense Ratio 1.34% 2.09% 1.09%

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

Calamos Global Convertible Fund Quarterly Commentary

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

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.

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.

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.

Prospectus and Reports

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.

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)