IE00B296VW16

Global Convertible Fund

Fund Stats

  • Total Net Assets

    $612.5 Million

    As of 30/4/22

  • MorningStar Rating

    4 stars

    Overall rating as of 30/4/22

  • Inception Date

    23/9/09

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.

Overview

The UCITS fund invests in global convertible securities with the aim of rebalancing risk/reward while providing growth and income.The fund is actively managed and is suitable for long-term investors.The fund uses the Refinitiv Global Convertible Bond Index and MSCI World Index as comparative benchmarks but not to constrain the fund's portfolio or as a target for performance.

Performance

Annualized Total Returns

As of 30/4/22
TimeFrame Calamos Global Convertible Fund (NAV) Refinitiv Global Convertible Bond Index MSCI World Index
1 Year -16.98 -15.39 -3.1
3 Year 6.33 7.91 10.95
5 Year 5.65 7.17 10.74
10 Year 4.71 6.73 10.65
Since Inception 4.73 6.63 10.16

Calendar Year Total Returns

As of 30/4/22
Date Calamos Global Convertible Fund (NAV) Refinitiv Global Convertible Bond Index MSCI World Index
YTD 2022 -13.94 -13.12 -12.89
2021 -2.3 1.02 22.35
2020 37.35 35.11 16.5
2019 12.73 16.47 28.4
2018 -4.84 -3.74 -8.2
2017 12.36 12.83 23.07
2016 2.23 3.48 8.15
2015 -0.63 -2.11 -0.32
2014 1.44 1.71 5.5
2013 12.03 18.18 27.37

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.

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

The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets.

Unmanaged index returns, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Portfolio

Sector Weightings

As of 30/4/22
Sector % of Assets Refinitiv Global Convertible Bond Index
Information Technology 33.4% 26.5%
Consumer Discretionary 16.5% 16.1%
Communication Services 13.2% 12.7%
Health Care 10.6% 11.8%
Industrials 4.7% 9.0%
Financials 4.5% 5.4%
Consumer Staples 3.7% 1.8%
Real Estate 3.4% 3.4%
Utilities 3.1% 6.0%
Materials 2.8% 5.0%
Energy 1.5% 2.2%
Other 0.7% 0.0%

Asset Allocation

As of 30/4/22
Asset Allocation %
Convertibles 97.3744
Cash and Receivables/Payables 1.9426
Synthetic Convertibles 0.683
Common Stock 0

Top 10 Holdings

As of 30/4/22
Company Security Type Industry %
DTE Energy Company DECS,ACES,PRIDES Multi-Utilities 1.7%
Broadcom, Inc. DECS,ACES,PRIDES Semiconductors 1.5%
Snap, Inc. Convertible Bonds Interactive Media & Services 1.4%
Pioneer Natural Resources Co Convertible Bonds Oil & Gas Exploration & Production 1.4%
Bank Of America Corp. Convertible Preferred Stocks Diversified Banks 1.3%
Wells Fargo & Company Convertible Preferred Stocks Diversified Banks 1.3%
ON Semiconductor Corp. Convertible Bonds Semiconductors 1.3%
Royal Caribbean Cruises, Ltd. Convertible Bonds Hotels, Resorts & Cruise Lines 1.3%
DexCom, Inc. Convertible Bonds Health Care Equipment 1.2%
JPMorgan Chase Bank NA Convertible Bonds Interactive Media & Services 1.2%

Fund Facts

As of 30/4/22
Name Fund Refinitiv Global Convertible Bond Index
Number of Holdings 150 591
Debt/Capital 49.9% 56.0%
Duration 2.3 years N/A
Conversion Premium 47.7% 47.4%
Investment Premium 8.8% 6.9%
ROIC 13.9% 12.4%
Net Assets $612.5 M N/A

Regional Exposure

As of 30/4/22
Region % of Assets
North America 60.7%
Asia/Pacific 22.1%
Europe 13.5%
Middle East/Africa 1.8%
Caribbean 0.0%
Latin America 0.0%

Country Exposure

As of 30/4/22
Country %
United States 58.0%
China 5.8%
Japan 5.6%
Singapore 3.3%
Germany 3.1%
Canada 2.7%
United Kingdom 2.2%
South Korea 2.0%
Netherlands 1.8%
Israel 1.8%

Currency Exposure

As of 30/4/22
Currency %
United States Dollar (USD) 79.1%
Euro (EUR) 11.6%
Japanese Yen (JPY) 5.7%
British Pound Sterling (GBP) 1.4%
Canadian Dollar (CAD) 0.8%
Australian Dollar (AUD) 0.7%
Hong Kong Dollar (HKD) 0.6%
Swiss Franc (CHF) 0.0%
Taiwan Dollar (TWD) 0.0%
Singapore Dollar (SGD) 0.0%

Distributions

Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2015 0.0000
2020 0.0000
2021 0.0000
2022 0.0000

Schedule

Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

2020 Capital Gains
Capital gains for Calamos Global Funds PLC were declared on September 23, 2020. To view the report, click here.

Fees & Expenses

Annual Expenses

Name C Shares
Gross Expense Ratio 2.82%
Management Fee 1.65%

Investment Information

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

Fund Information

Name C Shares
Inception Date 23/9/09
Bloomberg Ticker CAGOCUI ID
CUSIP number G39118214
ISIN number IE00B296VW16

Literature

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Fact Sheet (Share Class A, C, I) - English

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

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Fact Sheet (Share Class A, C, I) - Spanish

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

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Fact Sheet (Share Class Z)

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

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Fact Sheet (Share Class I, Z)

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

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Fact Sheet (Share Class I, Z CHF)

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

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.

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Annual Report

The annual report includes a comprehensive review of the fund’s activities and financial performance.

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Semi-annual Report

The semi-annual report provides a comprehensive review of the fund’s activities and financial performance for a six month period.

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Global Convertible Market Update: Portfolio Manager Q&A

Senior co-portfolio managers Eli Pars and Joe Wysocki discuss the diverse opportunities in the global convertible market. They explain how convertible securities can provide tailwinds to help investors counter the headwinds of rising rates and equity market volatility.

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Investment Manager Commentary, April 2022

Eli Pars, CFA, discusses the positioning of Calamos Global Convertible Fund and shares his view of the potential benefits of convertible securities during periods of equity market volatility and rising interest rates.

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Investment Manager Commentary, April 2021

Eli Pars, CFA shares his positive outlook for the global convertible market, supported by the Federal Reserve’s accommodative stance and vaccination progress. He discusses the positioning of Calamos Global Convertible Fund, where active rebalancing supports the goal of providing more exposure to global equity market upside than potential downside over market cycles.

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The Case for Strategic Convertible Allocations

John P. Calamos, Sr. and Eli Pars discuss the role of convertible securities within portfolios, the value of active management, and encouraging global trends within the convertible market.

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Quarterly Commentary

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

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Convertible Securities: Potential Advantages in Rising Interest Rate Environments

Convertible securities have fixed-income qualities and can be affected by rising interest rates, but they have also demonstrated a resiliency to rising rates due to their equity characteristics.

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Convertible Securities: Potential Advantages in Rising Interest Rate Environments - Spanish

Convertible securities have fixed-income qualities and can be affected by rising interest rates, but they have also demonstrated a resiliency to rising rates due to their equity characteristics.

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Convertible Bonds: Combining the Advantages of Stocks and Bonds

Convertible bonds are considered a hybrid security: Like stocks, they offer the potential of capital appreciation. Like bonds, they offer the potential for interest income and downside risk mitigation.

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Convertible Bonds: Combining the Advantages of Stocks and Bonds - Spanish

Convertible bonds are considered a hybrid security: Like stocks, they offer the potential of capital appreciation. Like bonds, they offer the potential for interest income and downside risk mitigation.