Global Convertible Fund (IE00B28VTV28)

Portfolio Fit

Consisting of convertible securities that can participate in upside equity movements with potentially limited downside exposure, the fund can provide 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.

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.

Overview

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

Important Fund Information

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund's maximum 5% front-end sales charge. Had it been included, the Fund's returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Global Convertible Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities ("UCITS"). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorised pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The "Since Inception" total return start date for the index information is 30/11/2007, since comparative index data is available only for full monthly periods. The "Since Inception" start date for the Fund is 27/11/2007.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC. 

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The Fund is offered solely to non-U.S. investors under the terms and conditions of the fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the full and simplified prospectus for the Fund may be obtained by visiting www.calamos.com/global, or by contacting the local Paying Agent listed by jurisdiction at www.calamos.com/global, or through the fund's Transfer Agent, RBC Investor Services Ireland Limited. In Switzerland, all important information such as the constituents documents, the sales prospectus, the Key Investor Informa- tion Document ("KIID") and the annual or semi-annual report can be obtained free of charge from the Swiss representative. The Swiss representative is Acolin Fund Services AG, Affolternstrasse 56, 8050 Zürich. The Swiss paying agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, CH-8022 Zürich.

Fund Details
As of 23/7/19
Inception Date: 27/11/07
Current NAV: $13.70
$ Change: $0.02
% Change: 0.15%
Total Net Assets (As of 30/6/19): $235.2 M
Morningstar Category: Convertible Bond - Global

Resources

Annualized Total Returns

As of 30/6/19
TimeFrame Calamos Global Convertible Fund (NAV) Thomson Reuters Global Convertible Bond Index
6 Month 8.72 11.01
1 Year 2.45 4.57
3 Year 7.18 7.49
5 Year 3.51 3.07
10 Year 6.33 7.54
Since Inception 2.64 6.82

Calendar Year Total Returns

As of 30/6/19
Date Calamos Global Convertible Fund (NAV) Thomson Reuters Global Convertible Bond Index
YTD 2019 8.72 11.01
2018 -3.86 -3.74
2017 13.47 12.83
2016 3.23 3.48
2015 0.42 -2.11
2014 2.45 1.71
2013 13.12 18.18
2012 4.19 13.33
2011 -3.1 -7.03
2010 11.61 11.76
2009 32.3 41.37
2008 -36.22 -31.73

Important Fund Information

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund's maximum 5% front-end sales charge. Had it been included, the Fund's returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Global Convertible Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities ("UCITS"). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorised pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The "Since Inception" total return start date for the index information is 30/11/2007, since comparative index data is available only for full monthly periods. The "Since Inception" start date for the Fund is 27/11/2007.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC. 

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The Thomson Reuters Global Convertible Bond Index is designed to broadly represent the global convertible bond market.

Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

The Fund is offered solely to non-U.S. investors under the terms and conditions of the fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the full and simplified prospectus for the Fund may be obtained by visiting www.calamos.com/global, or by contacting the local Paying Agent listed by jurisdiction at www.calamos.com/global, or through the fund's Transfer Agent, RBC Investor Services Ireland Limited. In Switzerland, all important information such as the constituents documents, the sales prospectus, the Key Investor Informa- tion Document ("KIID") and the annual or semi-annual report can be obtained free of charge from the Swiss representative. The Swiss representative is Acolin Fund Services AG, Affolternstrasse 56, 8050 Zürich. The Swiss paying agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, CH-8022 Zürich.

Sector Weightings

As of 30/6/19
Sector % of Assets Thomson Reuters Global Convertible Bond Index
Information Technology 23.5% 18.5%
Financials 10.8% 7.9%
Consumer Discretionary 9.4% 10.6%
Health Care 9.0% 13.7%
Communication Services 8.1% 13.1%
Real Estate 6.5% 7.1%
Industrials 4.8% 9.6%
Energy 4.8% 3.9%
Materials 3.7% 8.1%
Consumer Staples 3.3% 1.7%
Utilities 2.5% 6.0%

Asset Allocation

As of 30/6/19
Asset Allocation
Convertibles 84.8286
Synthetic Convertibles 10.0293
Cash and Receivables/Payables 4.5541
Common Stock 0.588

Top 10 Holdings

As of 30/6/19
Company Security Type Industry %
TOTAL, SA Convertible Bonds Integrated Oil & Gas 3.5%
Carrefour Sa Convertible Bonds Hypermarkets & Super Centers 2.8%
Bank Of America Corp. Convertible Preferred Stocks Diversified Banks 2.6%
Wells Fargo & Company Convertible Preferred Stocks Diversified Banks 2.6%
Basf Se Convertible Bonds Diversified Chemicals 2.5%
Workday, Inc. Convertible Bonds Application Software 2.0%
Corestate Capital Hold Convertible Bonds Real Estate Operating Companies 1.9%
AURELIUS Equity Opportunities SE & Co., KGaA Convertible Bonds Asset Management & Custody Banks 1.9%
Ctrip.com International, Ltd. Convertible Bonds Internet & Direct Marketing Retail 1.8%
Grand City Properties, SA Convertible Bonds Real Estate Operating Companies 1.6%

Fund Facts

As of 30/6/19
Name Fund Thomson Reuters Global Convertible Bond Index
Number of Holdings 117 458
Debt/Capital 43.4% 47.9%
Duration 2.3 years N/A
EPS Growth (5 Year) 17.3% 13.6%
Median Conversion Premium 30.1% 33.9%
Median Investment Premium 14.4% 9.8%
Portfolio Turnover (12 months) 49.5% N/A
ROIC 13.0% 10.7%
Net Assets $235.2 M N/A

Regional Exposure

As of 30/6/19
Region % of Assets
North America 52.6%
Europe 25.6%
Asia/Pacific 16.3%
Middle East/Africa 0.9%
Caribbean 0.0%
Latin America 0.0%

Country Exposure

As of 30/6/19
Country %
United States 52.6%
France 10.3%
Germany 7.5%
Japan 6.0%
China 5.4%
Luxembourg 3.6%
New Zealand 1.6%
India 1.5%
Netherlands 1.5%
South Korea 1.0%

Currency Exposure

As of 30/6/19
Currency %
United States Dollar (USD) 79.4%
Euro (EUR) 13.4%
Japanese Yen (JPY) 6.3%
South Korean WON (KRW) 0.6%
Hong Kong Dollar (HKD) 0.2%
British Pound Sterling (GBP) 0.0%
Swiss Franc (CHF) 0.0%
Singapore Dollar (SGD) 0.0%
China Renminbi (Yuan) (CNY) 0.0%
Australian Dollar (AUD) 0.0%

Important Fund Information

Calamos Global Convertible Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities ("UCITS"). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorised pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The "Since Inception" total return start date for the index information is 30/11/2007, since comparative index data is available only for full monthly periods. The "Since Inception" start date for the Fund is 27/11/2007.

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Top 10 Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government / sovereign bonds or broad based index hedging securities the portfolio may hold.

Notes

Debt/Capital Ratio-Is a measure of a company's financial leverage, calculated as the company's debt divided by its total capital.

PEG Ratio-Is a stock's price/earnings ratio divided by estimated earnings growth rate in the next year; a lower PEG indicates that less is being paid for each unit of earnings growth.

Price/Earnings Ratio-Is the current stock price over trailing 12-month earnings per share.

ROIC (Return On Invested Capital)-Measures how effectively a company uses the money invested in its operations, calculated as a company's net income minus any dividends divided by the company's total capital.

The Thomson Reuters Global Convertible Bond Index is designed to broadly represent the global convertible bond market.

The Fund is offered solely to non-U.S. investors under the terms and conditions of the fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the full and simplified prospectus for the Fund may be obtained by visiting www.calamos.com/global, or by contacting the local Paying Agent listed by jurisdiction at www.calamos.com/global, or through the fund's Transfer Agent, RBC Investor Services Ireland Limited. In Switzerland, all important information such as the constituents documents, the sales prospectus, the Key Investor Informa- tion Document ("KIID") and the annual or semi-annual report can be obtained free of charge from the Swiss representative. The Swiss representative is Acolin Fund Services AG, Affolternstrasse 56, 8050 Zürich. The Swiss paying agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, CH-8022 Zürich.

Total Capital Gains

A distribution has not been paid since the Fund's inception.

Schedule

Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

Important Fund Information

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund's maximum 5% front-end sales charge. Had it been included, the Fund's returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Global Convertible Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities ("UCITS"). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorised pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The "Since Inception" total return start date for the index information is 30/11/2007, since comparative index data is available only for full monthly periods. The "Since Inception" start date for the Fund is 27/11/2007.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC. 

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The Fund is offered solely to non-U.S. investors under the terms and conditions of the fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the full and simplified prospectus for the Fund may be obtained by visiting www.calamos.com/global, or by contacting the local Paying Agent listed by jurisdiction at www.calamos.com/global, or through the fund's Transfer Agent, RBC Investor Services Ireland Limited. In Switzerland, all important information such as the constituents documents, the sales prospectus, the Key Investor Informa- tion Document ("KIID") and the annual or semi-annual report can be obtained free of charge from the Swiss representative. The Swiss representative is Acolin Fund Services AG, Affolternstrasse 56, 8050 Zürich. The Swiss paying agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, CH-8022 Zürich.

Annual Expenses

Name A Shares
Gross Expense Ratio 2.00%
Management Fee 1.65%

Investment Information

Name A Shares
Minimum initial investment (£/€/$) $2500
Minimum subsequent investments (£/€/$) $50

Fund Information

Name A Shares
Inception Date 27/11/07
Bloomberg Ticker CAGOAUA ID
CUSIP number G17716393
ISIN number IE00B28VTV28
SEDOL number B28VTV2

Calamos Global Convertible Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities ("UCITS"). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorised pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The "Since Inception" total return start date for the index information is 30/11/2007, since comparative index data is available only for full monthly periods. The "Since Inception" start date for the Fund is 27/11/2007.

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.

The Fund is offered solely to non-U.S. investors under the terms and conditions of the fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the full and simplified prospectus for the Fund may be obtained by visiting www.calamos.com/global, or by contacting the local Paying Agent listed by jurisdiction at www.calamos.com/global, or through the fund's Transfer Agent, RBC Investor Services Ireland Limited. In Switzerland, all important information such as the constituents documents, the sales prospectus, the Key Investor Informa- tion Document ("KIID") and the annual or semi-annual report can be obtained free of charge from the Swiss representative. The Swiss representative is Acolin Fund Services AG, Affolternstrasse 56, 8050 Zürich. The Swiss paying agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, CH-8022 Zürich.

calamos-global-convertible-opportunities-fund-ucit-commentary.pdf
Quarterly Commentary

A discussion of the Global Convertible Fund's performance versus a benchmark, positioning, related market commentary, and outlook.

calamos-global-convertible-opportunities-ucit-fact-sheet-en.pdf
Factsheet (Share Class A, C, I) - English

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

calamos-global-convertible-opportunities-ucit-fact-sheet-es.pdf
Fact Sheet (Share Class A, C, I) - Spanish

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

calamos-UCIT-RDR-Share-Class-Global-Convertible-en.pdf
Factsheet (Share Class Z)

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

UCITSAnnualReport.pdf
Annual Report

The annual report includes a letter from John P. Calamos, Sr., to shareholders outlining the fund performance as well as a comprehensive review of the fund’s activities and financial performance.

UCITSSemiAnnualReport.pdf
Semi-annual Report - English

The semi-annual report includes a letter from John P. Calamos Sr., to shareholders, provides a comprehensive review of the fund’s activities and financial performance for a six month period.

UCITSSemiAnnualReport_FR
Semi-annual Report - French

The semi-annual report includes a letter from John P. Calamos Sr., to shareholders, provides a comprehensive review of the fund’s activities and financial performance for a six month period.

UCITSSemiAnnualReport_GE
Semi-annual Report - German

The semi-annual report includes a letter from John P. Calamos Sr., to shareholders, provides a comprehensive review of the fund’s activities and financial performance for a six month period.

UCITSSemiAnnualReport_GR
Semi-annual Report - Greek

The semi-annual report includes a letter from John P. Calamos Sr., to shareholders, provides a comprehensive review of the fund’s activities and financial performance for a six month period.

UCITSSemiAnnualReport_SP
Semi-annual Report - Spanish

The semi-annual report includes a letter from John P. Calamos Sr., to shareholders, provides a comprehensive review of the fund’s activities and financial performance for a six month period.

CalamosGlobalFundsProspectus
Prospectus

This prospectus sets forth concisely the information that you should know before investing. You should read the accompanying simplified prospectus, which contains important information, before deciding whether to invest in our securities.

KIIDS

The key Investor Information Document (KIID) aims to provide investors with a transparent and concise overview of funds in a standard format.