Address And Details

2020 Calamos Court , Naperville, IL 60563-2787
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

Calamos Convertible Fund s primary objective is current income, with growth as its secondary objective. The Fund invests mainly in a diversified portfolio of convertible securities (including synthetic convertible instruments) issued by both U.S. and foreign companies without regard to market capitalization. These convertible securities may be either debt securities or preferred stocks that can be exchanged for common stock. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings) in convertible securities. The average term to maturity of the convertible securities purchased by the Fund will typically range from two to ten years. A synthetic convertible instrument is a financial instrument (or two or more securities held in tandem) that is designed to simulate the economic characteristics of a convertible security through the combined features of a debt instrument and a security providing an option on an equity security. The Fund may establish a synthetic convertible instrument by combining fixed-income securities (which may be either convertible or non-convertible) with the right to acquire equity securities. In establishing a synthetic instrument, the Fund may combine a basket of fixed-income securities with a basket of warrants or options that together produce economic characteristics similar to a convertible security. Within each basket of fixed-income securities and warrants or options, different companies may issue the fixed-income and convertible components, which may be purchased separately and at different times. The Fund may invest up to 25% of its net assets in foreign securities, but generally will invest approximately 5% to 15% of its net assets in foreign securities. Foreign securities are securities issued by issuers that are organized under the laws of a foreign country or that have a substantial portion of their operations or assets in a foreign country or countries, or that derive a substantial portion of their revenue or profits from businesses, investments or sales outside of the United States. The Fund may also invest in foreign securities that are represented in the United States securities markets by American Depositary Receipts ( ADRs ) or similar depository arrangements. The Fund s foreign debt investments can be denominated in U.S. dollars or in foreign currencies. Debt securities issued by a foreign government may not be supported by the full faith and credit of that government. In analyzing the appreciation potential of the underlying common stock and the default risk of the convertible security, the Fund generally considers the issuer s financial soundness, ability to make interest and dividend payments, earnings and cash flow forecast and quality of management. The investment adviser takes environmental, social and governance ( ESG ) factors into account in making investment decisions. The Fund s investment adviser seeks to lower the risks of investing in stocks by using a top-down approach of diversification by company, industry, sector, country and currency and focusing on macro-level investment themes. Consistent with the Fund s investment objective and principal investment strategies the Fund s investment adviser views the strategies as low volatility equity strategies and attempts to achieve equity-like returns with lower than equity market risk by managing a portfolio that it believes will exhibit less volatility over full market cycles.

Net Asset Value

as of 4:48 PM ET 09/17/2021

Performance

  • 1 Week
  • +0.46%
  • 1 Month
  • +3.48%
  • 3 Months
  • +2.88%
  • 1 Yr Return
  • +16.99%
  • 5 Yr Return
  • +66.29%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Convertible 93.99%
Stocks 0.76%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Other 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 70.69 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 3.79 2.08 -2.55
Beta 0.79 0.75 0.74
R Squared 0.77 0.73 0.72
Std Deviation 16.64 13.15 11.69
Sharpe Ratio 1.13 1.18 n/a

Purchase Information

as of 4:55 PM ET 09/16/2021
Minimum Initial $2500
Minimum Additional $50
Minimum Initial IRA $500

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +20.47%
  • +38.66%
+20.47% +38.66%
3 Year
  • +18.53%
  • +18.94%
+18.53% +18.94%
10 Year
  • +10.03%
  • +8.92%
+10.03% +8.92%
Life Of Fund
  • +8.77%
  • +8.73%
+8.77% +8.73%

Top 10 Holdings

Symbol Company Name % Of Assets
SNAP SNAP INC 2.69%
V0172 MICROCHIP TECHNOLOGY INC 2.08%
TSLA TESLA INC 1.96%
SQ SQUARE INC 1.86%
RCL21 ~ROYAL CARIBBEAN CRUISES LTD 1.84%
UBER UBER TECHNOLOGIES INC 1.83%
RNG RINGCENTRAL INC 1.82%
FOUR SHIFT4 PAYMENTS INC 1.68%
AVGO BROADCOM INC 1.53%
RH RH 1.51%

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