Fund Stats

  • NAV

    $11.33

    $0.03 (0.26%)

    As of 3/15/24

  • Daily YTD Return

    3.09%

    As of 3/15/24

  • Total Net Assets

    $123.4 Million

    As of 12/31/23

  • 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.

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Performance

Calendar Year Total Returns

As of 12/31/23
Date Calamos Global Convertible Fund (NAV) Refinitiv Global Convertible Bond Index
2023 13.48 12.44
2022 -22.06 -18.88
2021 -0.23 1.02
2020 38.55 35.11
2019 15.18 16.47
2018 -2.73 -3.74
2017 14.45 12.83
2016 3.72 3.48
2015 -1.15 -2.11

Growth of 10K

As of 12/31/23
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 10360 10220.98
3/31/2015 12:00:00 AM 10330 10124.6
4/30/2015 12:00:00 AM 10430 10384.6
5/31/2015 12:00:00 AM 10440 10467.67
6/30/2015 12:00:00 AM 10227.76 10269.94
7/31/2015 12:00:00 AM 10157.63 10231.84
8/31/2015 12:00:00 AM 9897.18 9929.38
9/30/2015 12:00:00 AM 9646.25 9675.59
10/31/2015 12:00:00 AM 10029.28 10025.75
11/30/2015 12:00:00 AM 9958.72 9855.91
12/31/2015 12:00:00 AM 9885.46 9789.29
1/31/2016 12:00:00 AM 9379.04 9327.53
2/29/2016 12:00:00 AM 9328.39 9331.91
3/31/2016 12:00:00 AM 9798.66 9799.25
4/30/2016 12:00:00 AM 9900.41 9914.2
5/31/2016 12:00:00 AM 9981.81 9903.69
6/30/2016 12:00:00 AM 9866.93 9834.56
7/31/2016 12:00:00 AM 10234.26 10191.26
8/31/2016 12:00:00 AM 10295.48 10216.64
9/30/2016 12:00:00 AM 10394.84 10294.08
10/31/2016 12:00:00 AM 10189.41 10100.34
11/30/2016 12:00:00 AM 10189.41 9989.75
12/31/2016 12:00:00 AM 10253.21 10129.8
1/31/2017 12:00:00 AM 10491.42 10346.07
2/28/2017 12:00:00 AM 10574.27 10491.43
3/31/2017 12:00:00 AM 10695.51 10556.17
4/30/2017 12:00:00 AM 10923.52 10750.19
5/31/2017 12:00:00 AM 11172.25 10911.98
6/30/2017 12:00:00 AM 11196.83 10907.94
7/31/2017 12:00:00 AM 11384.14 11190.57
8/31/2017 12:00:00 AM 11415.36 11173.56
9/30/2017 12:00:00 AM 11559.22 11252.55
10/31/2017 12:00:00 AM 11715.56 11394.45
11/30/2017 12:00:00 AM 11788.53 11460.2
12/31/2017 12:00:00 AM 11734.67 11429.48
1/31/2018 12:00:00 AM 12089.94 11911.35
2/28/2018 12:00:00 AM 11982.28 11710.17
3/31/2018 12:00:00 AM 11947.15 11667.66
4/30/2018 12:00:00 AM 11990.32 11641.64
5/31/2018 12:00:00 AM 12076.66 11750.37
6/30/2018 12:00:00 AM 12046.33 11679.4
7/31/2018 12:00:00 AM 12046.33 11719.34
8/31/2018 12:00:00 AM 12251.79 11875.21
9/30/2018 12:00:00 AM 12189.08 11837.21
10/31/2018 12:00:00 AM 11744.06 11238.84
11/30/2018 12:00:00 AM 11787.48 11322.46
12/31/2018 12:00:00 AM 11414.44 11001.46
1/31/2019 12:00:00 AM 11972.08 11613.48
2/28/2019 12:00:00 AM 12233.82 11876.87
3/31/2019 12:00:00 AM 12157.89 11879.6
4/30/2019 12:00:00 AM 12442.75 12090.94
5/31/2019 12:00:00 AM 12066.73 11731.79
6/30/2019 12:00:00 AM 12462.36 12212.72
7/31/2019 12:00:00 AM 12576.49 12262.61
8/31/2019 12:00:00 AM 12553.85 12149.5
9/30/2019 12:00:00 AM 12487.31 12081.02
10/31/2019 12:00:00 AM 12693.35 12299.79
11/30/2019 12:00:00 AM 12876.13 12511.75
12/31/2019 12:00:00 AM 13146.53 12812.96
1/31/2020 12:00:00 AM 13460.73 13067.37
2/29/2020 12:00:00 AM 13262.86 12700.47
3/31/2020 12:00:00 AM 12106.34 11263.25
4/30/2020 12:00:00 AM 13214.07 12235.96
5/31/2020 12:00:00 AM 13866.85 12929.79
6/30/2020 12:00:00 AM 14474.22 13501.21
7/31/2020 12:00:00 AM 15128.45 14375.39
8/31/2020 12:00:00 AM 15981.69 15125.61
9/30/2020 12:00:00 AM 15725.98 14869.03
10/31/2020 12:00:00 AM 15784.17 14860.97
11/30/2020 12:00:00 AM 17293.14 16388.68
12/31/2020 12:00:00 AM 18213.14 17311.82
1/31/2021 12:00:00 AM 18302.38 17528.12
2/28/2021 12:00:00 AM 18959.44 18040.66
3/31/2021 12:00:00 AM 18307.24 17462.73
4/30/2021 12:00:00 AM 18623.96 17957.3
5/31/2021 12:00:00 AM 18434 17793.99
6/30/2021 12:00:00 AM 18775.03 18097.98
7/31/2021 12:00:00 AM 18611.69 17910.2
8/31/2021 12:00:00 AM 18902.03 18198.38
9/30/2021 12:00:00 AM 18495.64 17747.2
10/31/2021 12:00:00 AM 18798.97 18157.79
11/30/2021 12:00:00 AM 18255.68 17519.75
12/31/2021 12:00:00 AM 18173.53 17488.14
1/31/2022 12:00:00 AM 17141.27 16439.19
2/28/2022 12:00:00 AM 16879.01 16283.94
3/31/2022 12:00:00 AM 16791.24 16261.32
4/30/2022 12:00:00 AM 15644.4 15193.47
5/31/2022 12:00:00 AM 15121.88 14731.13
6/30/2022 12:00:00 AM 14119.3 13872.13
7/31/2022 12:00:00 AM 14657.25 14423.41
8/31/2022 12:00:00 AM 14570.77 14433.02
9/30/2022 12:00:00 AM 13743.15 13568.14
10/31/2022 12:00:00 AM 13946.55 13826.89
11/30/2022 12:00:00 AM 14383.08 14297.91
12/31/2022 12:00:00 AM 14164.46 14186.66
1/31/2023 12:00:00 AM 15051.16 15006.3
2/28/2023 12:00:00 AM 14732.08 14751.89
3/31/2023 12:00:00 AM 14891.19 14848.57
4/30/2023 12:00:00 AM 14789.93 14760.87
5/31/2023 12:00:00 AM 14804.72 14702
6/30/2023 12:00:00 AM 15445.76 15319.28
7/31/2023 12:00:00 AM 15912.22 15753.11
8/31/2023 12:00:00 AM 15533.51 15339.73
9/30/2023 12:00:00 AM 15258.57 14952.38
10/31/2023 12:00:00 AM 14645.18 14425.27
11/30/2023 12:00:00 AM 15418.45 15197.8
12/31/2023 12:00:00 AM 16075.28 15952.06

Annualized Total Returns

As of 12/31/23 As of 2/29/24
TimeFrame Calamos Global Convertible Fund (NAV) Refinitiv Global Convertible Bond Index
1 Year 13.48 12.44
3 Year -4.08 -2.69
5 Year 7.09 7.71
Since Inception (12/31/14) 5.41 5.33
TimeFrame Calamos Global Convertible Fund (NAV) Refinitiv Global Convertible Bond Index
1 Year 11.29 7.8
3 Year -4.73 -4.12
5 Year 6.03 6.01
Since Inception (12/31/14) 5.54 5.19

Important Fund Information

10k Performance 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 12/31/23
Sector % of Assets Refinitiv Global Convertible Bond Index
Information Technology 26.3% 22.1%
Consumer Discretionary 19.8% 17.7%
Health Care 14.5% 10.4%
Industrials 9.0% 12.4%
Communication Services 6.9% 9.6%
Financials 6.0% 8.6%
Energy 3.7% 2.2%
Utilities 3.6% 6.5%
Consumer Staples 3.0% 2.2%
Real Estate 2.7% 3.9%
Materials 1.4% 4.4%
Other 1.6% 0.0%

Asset Allocation

As of 12/31/23
Asset Allocation %
Convertibles 96.5203
US Government Securities 1.6423
Cash and Receivables/Payables 1.5089
Options 0.3285
Common Stock 0

Month-End Yield

As of 2/29/24
Name %
30-day SEC yield 1.95%
Unsubsidized 30-day SEC yield 1.94%
Distribution Yield 0.38%

Top 10 Holdings

As of 12/31/23
Company Security Type Industry %
Sea, Ltd. Convertible Bonds Interactive Home Entertainment 2.4%
SCREEN Holdings Company, Ltd. Convertible Bonds Semiconductor Equipment 2.2%
NCL Corp., Ltd. Convertible Bonds Hotels, Resorts & Cruise Lines 2.1%
Royal Caribbean Cruises, Ltd. Convertible Bonds Hotels, Resorts & Cruise Lines 1.9%
DraftKings Holdings, Inc. Convertible Bonds Casinos & Gaming 1.8%
Wayfair, Inc. Convertible Bonds Homefurnishing Retail 1.8%
Meituan Convertible Bonds Restaurants 1.6%
MicroStrategy, Inc. Convertible Bonds Application Software 1.6%
MakeMyTrip, Ltd. Convertible Bonds Hotels, Resorts & Cruise Lines 1.6%
Apollo Asset Management, Inc. DECS,ACES,PRIDES Diversified Financial Services 1.5%
Total 18.5%

Fund Facts

As of 12/31/23
Name Fund Refinitiv Global Convertible Bond Index
Net Assets $123.4 M N/A
Number of Holdings 122 520
Debt/Capital 57.6% 56.5%
ROIC 14.0% 12.0%
Duration 1.6 years N/A
Median Conversion Premium 32.4% 41.6%
Median Investment Premium 7.4% 4.0%
Portfolio Turnover (12 months) 27.0% N/A

Regional Exposure

As of 12/31/23
Region % of Assets
North America 65.4%
Asia/Pacific 19.0%
Europe 12.5%
Middle East/Africa 1.6%
Caribbean 0.0%
Latin America 0.0%

Top Country Exposures

As of 12/31/23
Country %
United States 63.7%
Japan 5.1%
France 3.9%
India 2.7%
China 2.6%
Netherlands 2.5%
Singapore 2.4%
Italy 2.2%
United Kingdom 2.1%
South Korea 2.1%

Top Currency Exposures

As of 12/31/23
Currency %
United States Dollar (USD) 80.1%
Euro (EUR) 10.9%
Japanese Yen (JPY) 5.2%
British Pound Sterling (GBP) 2.1%
Canadian Dollar (CAD) 0.9%
Australian Dollar (AUD) 0.7%
Hong Kong Dollar (HKD) 0.0%
Swiss Franc (CHF) 0.0%
Singapore Dollar (SGD) 0.0%
China Renminbi (Yuan) (CNY) 0.0%

Credit Quality of Bonds

As of 12/31/23
Class %
AAA 1.7%
AA 0.0%
A 6.5%
BBB 8.7%
BB 0.0%
B 0.0%
CCC and below 0.6%
Unrated Securities 82.6%

Maturity Schedule

As of 12/31/23
Range %
< 1 Year 10.0%
1 to 5 Years 80.5%
5 to 10 Years 7.2%
10 to 20 Years 0.0%
20 to 30 Years 0.0%
> 30 Years 0.0%
Equities and Other 2.3%

Bond Duration

As of 12/31/23
Name Duration
Weighted Avg. Duration 1.6 years
Weighted Avg. Maturity 2.8 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
Q4 2023 $0.0000 10.96000
Q3 2023 $0.0214 10.59000
Q2 2023 $0.0212 10.56000
Q1 2023 $0.0000 9.93000
Q4 2022 $0.0000 9.80000
Q3 2022 $0.0000 10.04000
Q2 2022 $0.0000 9.86000
Q1 2022 $0.0000 10.99000
Q4 2021 $0.0322 12.24000
Q3 2021 $0.0088 14.93000
Q2 2021 $0.0000 14.38000
Q1 2021 $0.0145 14.38000
Q4 2020 $0.0154 0.00000
Q3 2020 $0.0015 13.46000
Q2 2020 $0.0310 12.48000
Q1 2020 $0.0069 9.83000
Q4 2019 $0.0453 11.16000
Q3 2019 $0.0427 11.03000
Q2 2019 $0.0170 10.76000
Q1 2019 $0.0133 10.68000
Q4 2018 $0.1734 9.99000
Q3 2018 $0.0420 11.22000
Q2 2018 $0.0223 11.35000
Q1 2018 $0.0279 11.29000
Q4 2017 $0.0175 10.82000
Q3 2017 $0.0181 11.02000
Q2 2017 $0.0436 10.73000
Q1 2017 $0.0071 10.30000
Q4 2016 $0.0819 9.87000
Q3 2016 $0.0664 9.97000
Q2 2016 $0.0273 9.74000
Q1 2016 $0.0439 9.55000
Q4 2015 $0.0470 9.70000
Q3 2015 $0.0616 9.91000
Q2 2015 $0.0181 10.39000

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.

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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.

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