$526.4 Million
As of 31/10/24
5 stars
Overall rating as of 31/10/24
5/10/09
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.
The UCITS fund invests in global convertible securities with the aim of balancing risk/reward while providing growth and income.The fund is actively managed and is suitable for long-term investors.The fund uses the FTSE Global Convertible Index and MSCI World Index as comparative benchmarks but not to constrain the fund's portfolio or as a target for performance.
TimeFrame | Calamos Global Convertible Fund (NAV) | FTSE Global Convertible Index | MSCI World Index |
---|---|---|---|
1 Year | 20.25 | 19.68 | 34.29 |
3 Year | -2.39 | -1.67 | 6.90 |
5 Year | 6.63 | 7.02 | 12.57 |
10 Year | 5.84 | 5.51 | 10.36 |
Since Inception (05/10/09) | 6.15 | 6.40 | 10.72 |
Date | Calamos Global Convertible Fund (NAV) | FTSE Global Convertible Index | MSCI World Index |
---|---|---|---|
YTD 2024 | 9.54 | 8.23 | 16.94 |
2023 | 11.53 | 12.44 | 24.42 |
2022 | -21.22 | -18.88 | -17.73 |
2021 | -0.74 | 1.02 | 22.35 |
2020 | 39.53 | 35.11 | 16.50 |
2019 | 14.53 | 16.47 | 28.40 |
2018 | -3.25 | -3.74 | -8.20 |
2017 | 14.13 | 12.83 | 23.07 |
2016 | 3.85 | 3.48 | 8.15 |
2015 | 1.01 | -2.11 | -0.32 |
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 FTSE Global Convertible 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.
Sector | % of Assets | FTSE Global Convertible Index |
---|---|---|
Consumer Discretionary | 27.9% | 17.3% |
Information Technology | 22.9% | 23.3% |
Health Care | 9.7% | 9.8% |
Industrials | 9.4% | 11.6% |
Financials | 7.0% | 10.0% |
Energy | 5.1% | 1.7% |
Consumer Staples | 3.7% | 1.8% |
Utilities | 3.2% | 7.8% |
Materials | 2.4% | 3.9% |
Real Estate | 1.7% | 4.6% |
Communication Services | 1.0% | 8.0% |
Other | 2.6% | 0.0% |
Asset Allocation | % |
---|---|
Convertibles | 93.9706 |
Cash and Receivables/Payables | 3.3635 |
Synthetic Convertibles | 2.6659 |
Common Stock | 0 |
Company | Security Type | Industry | % |
---|---|---|---|
Alibaba Group Holding, Ltd. | Convertible Bonds | Broadline Retail | 4.4% |
Boeing Company | DECS,ACES,PRIDES | Aerospace & Defense | 3.3% |
JD.com, Inc. | Convertible Bonds | Broadline Retail | 3.3% |
Trip.com Group, Ltd. | Convertible Bonds | Hotels, Resorts & Cruise Lines | 2.2% |
MakeMyTrip, Ltd. | Convertible Bonds | Hotels, Resorts & Cruise Lines | 2.1% |
NCL Corp., Ltd. | Convertible Bonds | Hotels, Resorts & Cruise Lines | 1.9% |
Eni S.p.A. | Convertible Bonds | Integrated Oil & Gas | 1.9% |
Morgan Stanley Finance, LLC | Convertible Bonds | Diversified Banks | 1.7% |
Rivian Automotive, Inc. | Convertible Bonds | Automobile Manufacturers | 1.7% |
Apollo Asset Management, Inc. | DECS,ACES,PRIDES | Diversified Financial Services | 1.7% |
Name | Fund | FTSE Global Convertible Index |
---|---|---|
Net Assets | $526.4 M | N/A |
Number of Holdings | 111 | 510 |
Debt/Capital | 53.9% | 55.4% |
ROIC | 14.5% | 13.4% |
Duration | 1.6 years | N/A |
Median Conversion Premium | 36.3% | 42.7% |
Median Investment Premium | 11.7% | 7.9% |
Region | % of Assets |
---|---|
North America | 59.5% |
Asia/Pacific | 23.7% |
Europe | 12.1% |
Middle East/Africa | 1.3% |
Caribbean | 0.0% |
Latin America | 0.0% |
Country | % |
---|---|
United States | 59.1% |
China | 11.3% |
Italy | 4.1% |
France | 4.0% |
Japan | 3.6% |
South Korea | 2.9% |
India | 2.1% |
Netherlands | 1.5% |
Germany | 1.4% |
Israel | 1.3% |
Currency | % |
---|---|
United States Dollar (USD) | 81.7% |
Euro (EUR) | 12.5% |
Japanese Yen (JPY) | 3.8% |
British Pound Sterling (GBP) | 0.8% |
Australian Dollar (AUD) | 0.7% |
Hong Kong Dollar (HKD) | 0.6% |
Taiwan Dollar (TWD) | 0.0% |
Swiss Franc (CHF) | 0.0% |
Singapore Dollar (SGD) | 0.0% |
Canadian Dollar (CAD) | 0.0% |
A distribution has not been paid since the Fund's inception.
Name | Frequency |
---|---|
Distributions | ANNUAL |
Capital Gains | ANNUAL |
Name | I Shares |
---|---|
Gross Expense Ratio | 1.22% |
Management Fee | 1.05% |
Name | I Shares |
---|---|
Minimum initial investment (£/€/$) | $1 million |
Minimum subsequent investments (£/€/$) | $0 |
Name | I Shares |
---|---|
Inception Date | 5/10/09 |
Bloomberg Ticker | CAGOIUA ID |
CUSIP number | G39118263 |
ISIN number | IE00B296W289 |
The Global Convertible fact sheet provides a snapshot of the investment team, the fund strategy, performance, composition, ratings and returns.
The Global Convertible fact sheet provides a snapshot of the investment team, the fund strategy, performance, composition, ratings and returns.
The Global Convertible fact sheet provides a snapshot of the investment team, the fund strategy, performance, composition, ratings and returns.
The Global Convertible fact sheet provides a snapshot of the investment team, the fund strategy, performance, composition, ratings and returns.
The Global Convertible fact sheet provides a snapshot of the investment team, the fund strategy, performance, composition, ratings and returns.
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.
Transparency Statement under Article 10 of the Sustainable Finance Disclosure Regulation (EU) 2019/2088
The key Investor Information Document (KIID) aims to provide investors with a transparent and concise overview of funds in a standard format.
The annual report includes a comprehensive review of the fund’s activities and financial performance.
The semi-annual report provides a comprehensive review of the fund’s activities and financial performance for a six month period.
Global convertibles can be an attractive choice for participating in the upside while mitigating downside risk. Even with the Fed moving to cut rates, there’s still an incentive for companies to issue convertibles to lower borrowing costs. If the equity market sees a relief rally after the US election, that could also drive a wave of new convertible issuance.
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.
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.
A discussion of the Global Convertible Fund's performance versus a benchmark, positioning, related market commentary, and outlook.
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.
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.
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.
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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