Fund Stats
-
NAV
$12.27
$0.10 (0.82%)
-
Daily YTD Return
11.34%
-
Total Net Assets
$123.3 Million
-
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
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ComparePerformance
Calendar Year Total Returns
| Date | Calamos Global Convertible Fund (NAV) | FTSE Global Convertible Index |
|---|---|---|
| YTD 2024 | 3.72 | 1.40 |
| 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
| Date | Calamos Global Convertible Fund | FTSE Global Convertible 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 |
| 1/31/2024 12:00:00 AM | 16031.88 | 15742.89 |
| 2/29/2024 12:00:00 AM | 16395.8 | 15902.16 |
| 3/31/2024 12:00:00 AM | 16789.3 | 16240.86 |
| 4/30/2024 12:00:00 AM | 16294.02 | 15774.49 |
| 5/31/2024 12:00:00 AM | 16585.68 | 16128.07 |
| 6/30/2024 12:00:00 AM | 16673.58 | 16175.79 |
Annualized Total Returns
| TimeFrame | Calamos Global Convertible Fund (NAV) | FTSE Global Convertible Index |
|---|---|---|
| 1 Year | 7.95 | 5.59 |
| 3 Year | -3.88 | -3.67 |
| 5 Year | 5.99 | 5.78 |
| Since Inception (12/31/14) | 5.53 | 5.19 |
| TimeFrame | Calamos Global Convertible Fund (NAV) | FTSE Global Convertible Index |
|---|---|---|
| 1 Year | 10.72 | 9.29 |
| 3 Year | -3.10 | -2.70 |
| 5 Year | 6.50 | 6.65 |
| Since Inception (12/31/14) | 5.77 | 5.49 |
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 data shown reflects full month periods only. If share class inception date is on or before the 15th of the month, the index 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 calculation inception date begins on the first day of the following month.
The FTSE Global Convertible 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
| Sector | % of Assets | FTSE Global Convertible Index |
|---|---|---|
| Consumer Discretionary | 27.6% | 18.1% |
| Information Technology | 22.5% | 22.8% |
| Health Care | 14.5% | 10.4% |
| Industrials | 7.0% | 12.1% |
| Financials | 6.0% | 8.7% |
| Energy | 4.5% | 1.7% |
| Utilities | 3.6% | 7.3% |
| Consumer Staples | 3.4% | 2.3% |
| Materials | 3.0% | 4.3% |
| Communication Services | 2.0% | 8.0% |
| Real Estate | 1.8% | 4.3% |
| Other | 3.7% | 0.0% |
Asset Allocation
| Asset Allocation | % |
|---|---|
| Convertibles | 95.6794 |
| US Government Securities | 3.6706 |
| Cash and Receivables/Payables | 0.418 |
| Options | 0.232 |
Month-End Yield
| Name | % |
|---|---|
| 30-day SEC yield | 1.85% |
| Unsubsidized 30-day SEC yield | 1.85% |
| Distribution Yield | 0.18% |
Top 10 Holdings
| Company | Security Type | Industry | % |
|---|---|---|---|
| Alibaba Group Holding, Ltd. | Convertible Bonds | Broadline Retail | 4.0% |
| JD.com, Inc. | Convertible Bonds | Broadline Retail | 2.9% |
| MakeMyTrip, Ltd. | Convertible Bonds | Hotels, Resorts & Cruise Lines | 2.6% |
| NCL Corp., Ltd. | Convertible Bonds | Hotels, Resorts & Cruise Lines | 2.1% |
| Eni S.p.A. | Convertible Bonds | Integrated Oil & Gas | 2.0% |
| Trip.com Group, Ltd. | Convertible Bonds | Hotels, Resorts & Cruise Lines | 2.0% |
| Apollo Asset Management, Inc. | DECS,ACES,PRIDES | Other Diversified Financial Services | 1.7% |
| Royal Caribbean Cruises, Ltd. | Convertible Bonds | Hotels, Resorts & Cruise Lines | 1.7% |
| Wayfair, Inc. | Convertible Bonds | Homefurnishing Retail | 1.6% |
| DigitalOcean Holdings, Inc. | Convertible Bonds | Internet Svcs & Infrastructure | 1.5% |
| Total | 22.1% |
Fund Facts
| Name | Fund | FTSE Global Convertible Index |
|---|---|---|
| Net Assets | $123.3 M | N/A |
| Number of Holdings | 123 | 514 |
| Debt/Capital | 53.5% | 55.8% |
| ROIC | 14.0% | 13.4% |
| Duration | 1.6 years | N/A |
| Median Conversion Premium | 37.7% | 44.8% |
| Median Investment Premium | 10.1% | 4.8% |
| Portfolio Turnover (12 months) | 36.1% | N/A |
Regional Exposure
| Region | % of Assets |
|---|---|
| North America | 62.8% |
| Asia/Pacific | 22.3% |
| Europe | 12.7% |
| Middle East/Africa | 1.8% |
| Caribbean | 0.0% |
| Latin America | 0.0% |
Top Country Exposures
| Country | % |
|---|---|
| United States | 62.2% |
| China | 10.2% |
| Italy | 3.7% |
| France | 3.6% |
| South Korea | 3.3% |
| Japan | 2.8% |
| India | 2.6% |
| United Kingdom | 2.4% |
| Israel | 1.8% |
| Germany | 1.5% |
Top Currency Exposures
| Currency | % |
|---|---|
| United States Dollar (USD) | 83.0% |
| Euro (EUR) | 11.3% |
| Japanese Yen (JPY) | 2.8% |
| British Pound Sterling (GBP) | 2.1% |
| Australian Dollar (AUD) | 0.7% |
| Swiss Franc (CHF) | 0.0% |
| 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
| Class | % |
|---|---|
| AAA | 3.7% |
| AA | 0.0% |
| A | 12.5% |
| BBB | 7.7% |
| BB | 0.0% |
| B | 0.0% |
| CCC and below | 0.7% |
| Unrated Securities | 75.5% |
Maturity Schedule
| Range | % |
|---|---|
| < 1 Year | 10.9% |
| 1 to 5 Years | 77.9% |
| 5 to 10 Years | 8.7% |
| 10 to 20 Years | 0.0% |
| 20 to 30 Years | 0.0% |
| > 30 Years | 0.0% |
| Equities and Other | 2.5% |
Bond Duration
| Name | Duration |
|---|---|
| Weighted Avg. Duration | 1.6 years |
| Weighted Avg. Maturity | 3.0 years |
Distributions
Total Capital Gains
| 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
| Frequency | Income | Reinvest |
|---|---|---|
| Q2 2024 | $0.0000 | 11.31000 |
| Q1 2024 | $0.0000 | 11.33000 |
| 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
Summary Prospectus
This summary contains important information about the 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.
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.
Semi Annual Report
The semi annual report provides a comprehensive review of the fund’s activities and financial performance over a six month period.