Fund Stats
-
NAV
$11.60
$0.06 (0.52%)
-
Daily YTD Return
7.27%
-
Total Net Assets
$244.8 Million
-
Inception Date
12/31/14
Overview
The fund invests in global convertible securities, striving to balance risk and reward while providing growth and income.
Key Features
- Provides broadly diversified exposure to the global convertible bond universe.
- Leverages more than 40 years of research in convertible security investing.
- Seeks to provide upside participation in equity markets with less exposure to downside than an equity-only portfolio over a full market cycle.
- Blends 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
Consisting of convertible securities that participate in upside equity movements with limited downside exposure, the fund can provide a means to manage risk vis-a-vis 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.
ComparePerformance
Calendar Year Total Returns
| Date | Calamos Global Convertible Fund (NAV) | Refinitiv Global Convertible Bond Index |
|---|---|---|
| 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 | 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 | 17462.72 |
| 4/30/2021 12:00:00 AM | 18623.96 | 17957.3 |
| 5/31/2021 12:00:00 AM | 18434 | 17794 |
| 6/30/2021 12:00:00 AM | 18775.03 | 18097.99 |
| 7/31/2021 12:00:00 AM | 18611.69 | 17910.21 |
| 8/31/2021 12:00:00 AM | 18902.03 | 18198.4 |
| 9/30/2021 12:00:00 AM | 18495.64 | 17747.21 |
| 10/31/2021 12:00:00 AM | 18798.97 | 18157.81 |
| 11/30/2021 12:00:00 AM | 18255.68 | 17519.76 |
| 12/31/2021 12:00:00 AM | 18173.53 | 17488.15 |
Annualized Total Returns
| TimeFrame | Calamos Global Convertible Fund (NAV) | Refinitiv Global Convertible Bond Index |
|---|---|---|
| 1 Year | -0.23 | 1.02 |
| 3 Year | 16.77 | 16.71 |
| 5 Year | 12.13 | 11.54 |
| Since Inception | 8.91 | 8.31 |
| TimeFrame | Calamos Global Convertible Fund (NAV) | Refinitiv Global Convertible Bond Index |
|---|---|---|
| 1 Year | -0.23 | 1.02 |
| 3 Year | 16.77 | 16.71 |
| 5 Year | 12.13 | 11.54 |
| Since Inception | 8.91 | 8.31 |
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.
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 3/1/2021 are as follows: A Shares 1.35%, C Shares 2.10% and I Shares 1.10%.
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 | Refinitiv Global Convertible Bond Index |
|---|---|---|
| Information Technology | 32.4% | 25.4% |
| Consumer Discretionary | 16.5% | 16.2% |
| Communication Services | 14.9% | 13.3% |
| Health Care | 10.6% | 11.6% |
| Industrials | 6.0% | 8.8% |
| Real Estate | 4.8% | 3.6% |
| Financials | 4.1% | 5.5% |
| Consumer Staples | 3.6% | 1.8% |
| Utilities | 2.6% | 6.4% |
| Materials | 2.5% | 6.0% |
| Energy | 1.2% | 1.6% |
| Other | 0.6% | 0.0% |
Asset Allocation
| Asset Allocation | % |
|---|---|
| Convertibles | 98.9914 |
| US Government Securities | 0.6005 |
| Cash and Receivables/Payables | 0.2175 |
| Options | 0.1906 |
| Common Stock | 0 |
Month-End Yield
| Name | % |
|---|---|
| 30-day SEC yield | 0.74% |
| Unsubsidized 30-day SEC yield | 0.74% |
| Distribution Yield | 14.77% |
Top 10 Holdings
| Company | Security Type | Industry | % |
|---|---|---|---|
| Snap, Inc. | Convertible Bonds | Interactive Media & Services | 1.9% |
| Sea, Ltd. | Convertible Bonds | Interactive Home Entertainment | 1.8% |
| Carrefour, SA | Convertible Bonds | Hypermarkets & Super Centers | 1.6% |
| Microchip Technology, Inc. | Convertible Bonds | Semiconductors | 1.4% |
| Broadcom, Inc. | DECS,ACES,PRIDES | Semiconductors | 1.4% |
| Wells Fargo & Company | Convertible Preferred Stocks | Diversified Banks | 1.3% |
| Royal Caribbean Cruises, Ltd. | Convertible Bonds | Hotels, Resorts & Cruise Lines | 1.3% |
| Bank Of America Corp. | Convertible Preferred Stocks | Diversified Banks | 1.3% |
| ON Semiconductor Corp. | Convertible Bonds | Semiconductors | 1.3% |
| Pioneer Natural Resources Co | Convertible Bonds | Oil & Gas Exploration & Production | 1.2% |
| Total | 14.5% |
Fund Facts
| Name | Fund | Refinitiv Global Convertible Bond Index |
|---|---|---|
| Number of Holdings | 160 | 603 |
| Debt/Capital | 49.1% | 51.0% |
| Duration | 2.3 years | N/A |
| Conversion Premium | 34.7% | 32.8% |
| Investment Premium | 12.9% | 10.0% |
| Portfolio Turnover (12 months) | 33.5% | N/A |
| ROIC | 11.5% | 11.3% |
| Net Assets | $244.8 M | N/A |
Regional Exposure
| Region | % of Assets |
|---|---|
| North America | 61.4% |
| Asia/Pacific | 20.5% |
| Europe | 15.2% |
| Middle East/Africa | 2.0% |
| Caribbean | 0.7% |
| Latin America | 0.0% |
Top Country Exposures
| Country | % |
|---|---|
| United States | 58.3% |
| China | 6.1% |
| Japan | 5.1% |
| Germany | 3.7% |
| Canada | 3.1% |
| France | 2.9% |
| Singapore | 2.8% |
| Luxembourg | 2.4% |
| Israel | 2.0% |
| South Korea | 1.9% |
Top Currency Exposures
| Currency | % |
|---|---|
| United States Dollar (USD) | 78.7% |
| Euro (EUR) | 12.5% |
| Japanese Yen (JPY) | 5.1% |
| Canadian Dollar (CAD) | 1.1% |
| British Pound Sterling (GBP) | 1.0% |
| Hong Kong Dollar (HKD) | 0.6% |
| Australian Dollar (AUD) | 0.5% |
| Swiss Franc (CHF) | 0.5% |
| Taiwan Dollar (TWD) | 0.0% |
| Singapore Dollar (SGD) | 0.0% |
Credit Quality of Bonds
| Class | % |
|---|---|
| AAA | 0.6% |
| AA | 1.1% |
| A | 1.3% |
| BBB | 8.7% |
| BB | 2.2% |
| B | 0.0% |
| CCC and below | 0.0% |
| Unrated Securities | 86.3% |
Maturity Schedule
| Range | % |
|---|---|
| < 1 Year | 6.2% |
| 1 to 5 Years | 69.7% |
| 5 to 10 Years | 15.5% |
| 10 to 20 Years | 0.0% |
| 20 to 30 Years | 0.0% |
| > 30 Years | 0.0% |
| Equities and Other | 8.6% |
Bond Duration
| Name | Duration |
|---|---|
| Weighted Avg. Duration | 2.3 years |
| Weighted Avg. Maturity | 3.5 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 |
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
| Frequency | Income | Reinvest |
|---|---|---|
| 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 | 1.35% | 2.10% | 1.10% |
| Net Expense Ratio | 1.35% | 2.10% | 1.10% |
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.
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.
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.