IE00BKRVJC04

Global Convertible Fund

Fund Stats

  • Total Net Assets

    $556.7 Million

    As of 31/12/22

  • Inception Date

    6/3/19

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 31/12/22
TimeFrame Calamos Global Convertible Fund (NAV) Refinitiv Global Convertible Bond Index MSCI World Index
1 Year -21.01 -18.88 -17.73
3 Year 3.26 3.45 5.45
Since Inception 4.61 4.74 8.24

Calendar Year Total Returns

As of 31/12/22
Date Calamos Global Convertible Fund (NAV) Refinitiv Global Convertible Bond Index MSCI World Index
2022 -21.01 -18.88 -17.73
2021 -0.13 1.02 22.35
2020 39.57 35.11 16.5

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 31/12/22
Sector % of Assets Refinitiv Global Convertible Bond Index
Information Technology 26.0% 24.5%
Consumer Discretionary 16.2% 16.8%
Health Care 14.9% 13.5%
Communication Services 9.7% 11.6%
Financials 6.1% 5.8%
Industrials 4.2% 10.5%
Utilities 4.1% 5.5%
Consumer Staples 3.4% 2.0%
Energy 2.5% 2.0%
Materials 2.4% 4.8%
Real Estate 2.2% 3.0%
Other 0.7% 0.0%

Asset Allocation

As of 31/12/22
Asset Allocation %
Convertibles 89.7265
Cash and Receivables/Payables 7.6669
Common Stock 1.8616
Synthetic Convertibles 0.745

Top 10 Holdings

As of 31/12/22
Company Security Type Industry %
DTE Energy Company Stocks Multi-Utilities 1.9%
ON Semiconductor Corp. Convertible Bonds Semiconductors 1.8%
Wells Fargo & Company Convertible Preferred Stocks Diversified Banks 1.6%
Bank Of America Corp. Convertible Preferred Stocks Diversified Banks 1.6%
DexCom, Inc. Convertible Bonds Health Care Equipment 1.6%
Snap, Inc. Convertible Bonds Interactive Media & Services 1.5%
Meituan Convertible Bonds Internet & Direct Marketing Retail 1.5%
ADM Ag Holding, Ltd. Convertible Bonds Agricultural Products 1.4%
DigitalOcean Holdings, Inc. Convertible Bonds Internet Svcs & Infrastructure 1.3%
Fastly, Inc. Convertible Bonds Internet Svcs & Infrastructure 1.3%

Fund Facts

As of 31/12/22
Name Fund Refinitiv Global Convertible Bond Index
Number of Holdings 138 536
Debt/Capital 50.8% 55.1%
Duration 2.3 years N/A
Median Conversion Premium 50.8% 53.5%
Median Investment Premium 5.5% 3.0%
ROIC 12.3% 11.8%
Net Assets $556.7 M N/A

Regional Exposure

As of 31/12/22
Region % of Assets
North America 60.1%
Asia/Pacific 18.3%
Europe 12.8%
Middle East/Africa 1.2%
Caribbean 0.0%
Latin America 0.0%

Country Exposure

As of 31/12/22
Country %
United States 58.6%
Japan 5.1%
China 4.7%
Singapore 3.5%
Germany 3.5%
India 2.2%
Italy 1.9%
United Kingdom 1.8%
France 1.5%
Canada 1.5%

Currency Exposure

As of 31/12/22
Currency %
United States Dollar (USD) 79.9%
Euro (EUR) 12.0%
Japanese Yen (JPY) 5.5%
British Pound Sterling (GBP) 1.4%
Canadian Dollar (CAD) 0.6%
Australian Dollar (AUD) 0.6%
Hong Kong Dollar (HKD) 0.0%
Swiss Franc (CHF) 0.0%
Taiwan Dollar (TWD) 0.0%
Singapore Dollar (SGD) 0.0%

Distributions

Total Capital Gains

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

Schedule

Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

Fees & Expenses

Annual Expenses

Name Z Shares
Gross Expense Ratio 0.94%
Management Fee 0.75%

Investment Information

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

Fund Information

Name Z Shares
Inception Date 6/3/19
Bloomberg Ticker CGCOZUA ID
CUSIP number G39118412
ISIN number IE00BKRVJC04

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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Investment Manager Commentary, January 2023

Eli Pars, CFA, discusses hopeful signs that 2023 could be the start of a global convertible issuance surge.

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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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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.

Calamos Financial Services LLC, Distributor

Check the background of the firm and its investment professionals on FINRA's BrokerCheck.

Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing.

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