Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.9%
1 yr return
15.8%
3 Yr Avg Return
-2.1%
5 Yr Avg Return
9.1%
Net Assets
$852 M
Holdings in Top 10
22.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.13%
SALES FEES
Front Load 2.25%
Deferred Load N/A
TRADING FEES
Turnover 41.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CCVIX - Profile
Distributions
- YTD Total Return 6.9%
- 3 Yr Annualized Total Return -2.1%
- 5 Yr Annualized Total Return 9.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -2.35%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCalamos Convertible Fund
-
Fund Family NameCalamos Family of Funds
-
Inception DateJun 21, 1985
-
Shares Outstanding16420882
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Calamos
Fund Description
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.
A synthetic convertible instrument is designed to simulate the economic characteristics of a convertible security through the combined features of a debt instrument, or loan, and a security providing an option on an equity security. The Fund may establish a synthetic convertible instrument by combining a fixed-income security with the right to acquire an equity security. The fixed-income and equity option components may have different issuers, and either component may change at any time.
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.
CCVIX - Performance
Return Ranking - Trailing
Period | CCVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.9% | -3.1% | 10.4% | 75.32% |
1 Yr | 15.8% | -1.3% | 20.4% | 76.62% |
3 Yr | -2.1%* | -17.1% | 3.0% | 69.74% |
5 Yr | 9.1%* | -6.7% | 11.9% | 61.11% |
10 Yr | 7.4%* | -0.8% | 10.5% | 58.62% |
* Annualized
Return Ranking - Calendar
Period | CCVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.5% | -7.7% | 13.1% | 30.38% |
2022 | -21.7% | -37.8% | -9.7% | 51.28% |
2021 | -7.7% | -18.9% | 2.4% | 26.92% |
2020 | 39.1% | 5.8% | 54.0% | 24.32% |
2019 | 17.9% | 9.9% | 24.4% | 41.89% |
Total Return Ranking - Trailing
Period | CCVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.9% | -3.1% | 10.4% | 75.32% |
1 Yr | 15.8% | -1.3% | 20.4% | 76.62% |
3 Yr | -2.1%* | -17.1% | 3.0% | 69.74% |
5 Yr | 9.1%* | -6.7% | 11.9% | 61.11% |
10 Yr | 7.4%* | -0.8% | 10.5% | 58.62% |
* Annualized
Total Return Ranking - Calendar
Period | CCVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.6% | -7.7% | 15.3% | 25.32% |
2022 | -21.2% | -37.8% | -9.7% | 69.23% |
2021 | 5.2% | -12.2% | 11.3% | 30.77% |
2020 | 48.4% | 5.8% | 64.4% | 25.68% |
2019 | 19.2% | 12.2% | 28.7% | 82.43% |
NAV & Total Return History
CCVIX - Holdings
Concentration Analysis
CCVIX | Category Low | Category High | CCVIX % Rank | |
---|---|---|---|---|
Net Assets | 852 M | 14.8 M | 3.69 B | 36.71% |
Number of Holdings | 101 | 42 | 381 | 63.29% |
Net Assets in Top 10 | 195 M | 3.92 M | 584 M | 50.63% |
Weighting of Top 10 | 22.82% | 9.5% | 49.4% | 39.24% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 3.90%
- Shift4 Payments Inc 2.76%
- Dexcom Inc 2.68%
- ON Semiconductor Corp 2.32%
- Royal Caribbean Cruises Ltd 1.95%
- Tyler Technologies Inc 1.95%
- NextEra Energy Capital Holdings Inc 1.94%
- Snap Inc 1.83%
- Ford Motor Co 1.79%
- Palo Alto Networks Inc 1.72%
Asset Allocation
Weighting | Return Low | Return High | CCVIX % Rank | |
---|---|---|---|---|
Bonds | 90.00% | 0.00% | 98.77% | 31.65% |
Convertible Bonds | 84.68% | 37.15% | 99.72% | 34.18% |
Cash | 6.80% | -78.94% | 7.59% | 13.92% |
Preferred Stocks | 3.09% | 0.00% | 22.50% | 88.61% |
Other | 0.11% | -17.11% | 1.89% | 29.11% |
Stocks | 0.00% | 0.00% | 23.09% | 75.95% |
Bond Sector Breakdown
Weighting | Return Low | Return High | CCVIX % Rank | |
---|---|---|---|---|
Corporate | 96.94% | 91.11% | 100.00% | 53.16% |
Cash & Equivalents | 3.90% | 0.00% | 7.86% | 31.65% |
Derivative | 0.11% | 0.00% | 0.49% | 26.58% |
Securitized | 0.00% | 0.00% | 0.00% | 11.39% |
Municipal | 0.00% | 0.00% | 0.00% | 11.39% |
Government | 0.00% | 0.00% | 2.94% | 18.99% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | CCVIX % Rank | |
---|---|---|---|---|
US | 90.00% | 0.00% | 98.77% | 27.85% |
Non US | 0.00% | 0.00% | 17.05% | 27.85% |
CCVIX - Expenses
Operational Fees
CCVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.13% | 0.20% | 2.87% | 45.57% |
Management Fee | 0.73% | 0.20% | 1.00% | 60.26% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 29.79% |
Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
CCVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 2.25% | 2.25% | 5.75% | 87.50% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
CCVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
CCVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 41.00% | 30.00% | 154.00% | 23.94% |
CCVIX - Distributions
Dividend Yield Analysis
CCVIX | Category Low | Category High | CCVIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.67% | 0.00% | 4.30% | 51.90% |
Dividend Distribution Analysis
CCVIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Quarterly | Quarterly |
Net Income Ratio Analysis
CCVIX | Category Low | Category High | CCVIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -2.35% | -3.72% | 3.69% | 93.59% |
Capital Gain Distribution Analysis
CCVIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 16, 2024 | $0.035 | OrdinaryDividend |
Jun 14, 2024 | $0.035 | OrdinaryDividend |
Mar 15, 2024 | $0.013 | OrdinaryDividend |
Dec 21, 2023 | $0.086 | OrdinaryDividend |
Dec 21, 2023 | $0.219 | CapitalGainLongTerm |
Sep 15, 2023 | $0.030 | OrdinaryDividend |
Jun 15, 2023 | $0.029 | OrdinaryDividend |
Mar 15, 2023 | $0.008 | OrdinaryDividend |
Dec 21, 2022 | $0.095 | OrdinaryDividend |
Sep 15, 2022 | $0.008 | OrdinaryDividend |
Jun 15, 2022 | $0.007 | OrdinaryDividend |
Dec 20, 2021 | $3.189 | OrdinaryDividend |
Dec 22, 2020 | $1.591 | OrdinaryDividend |
Sep 17, 2020 | $0.010 | OrdinaryDividend |
Jun 18, 2020 | $0.003 | OrdinaryDividend |
Mar 19, 2020 | $0.062 | OrdinaryDividend |
Dec 18, 2019 | $0.056 | OrdinaryDividend |
Sep 12, 2019 | $0.062 | OrdinaryDividend |
Jun 13, 2019 | $0.018 | OrdinaryDividend |
Mar 14, 2019 | $0.048 | OrdinaryDividend |
Dec 20, 2018 | $0.226 | OrdinaryDividend |
Dec 20, 2018 | $0.343 | CapitalGainShortTerm |
Dec 20, 2018 | $1.477 | CapitalGainLongTerm |
Sep 13, 2018 | $0.073 | OrdinaryDividend |
Jun 14, 2018 | $0.061 | OrdinaryDividend |
Mar 15, 2018 | $0.062 | OrdinaryDividend |
Dec 14, 2017 | $0.044 | OrdinaryDividend |
Dec 14, 2017 | $0.531 | CapitalGainLongTerm |
Sep 14, 2017 | $0.013 | OrdinaryDividend |
Jun 15, 2017 | $0.060 | OrdinaryDividend |
Mar 16, 2017 | $0.085 | OrdinaryDividend |
Dec 15, 2016 | $0.157 | OrdinaryDividend |
Sep 15, 2016 | $0.164 | OrdinaryDividend |
Jun 16, 2016 | $0.099 | OrdinaryDividend |
Mar 17, 2016 | $0.038 | OrdinaryDividend |
Dec 17, 2015 | $0.258 | OrdinaryDividend |
Dec 17, 2015 | $0.272 | CapitalGainLongTerm |
Sep 17, 2015 | $0.192 | OrdinaryDividend |
Jun 18, 2015 | $0.155 | OrdinaryDividend |
Mar 19, 2015 | $0.123 | OrdinaryDividend |
Dec 18, 2014 | $0.109 | OrdinaryDividend |
Dec 18, 2014 | $0.882 | CapitalGainLongTerm |
Sep 18, 2014 | $0.118 | OrdinaryDividend |
Jun 19, 2014 | $0.042 | OrdinaryDividend |
Mar 20, 2014 | $0.109 | OrdinaryDividend |
Dec 19, 2013 | $0.490 | OrdinaryDividend |
Dec 19, 2013 | $0.474 | CapitalGainShortTerm |
Dec 19, 2013 | $0.852 | CapitalGainLongTerm |
Dec 20, 2012 | $0.023 | OrdinaryDividend |
Dec 20, 2012 | $1.558 | CapitalGainLongTerm |
Jun 21, 2012 | $0.030 | OrdinaryDividend |
Mar 22, 2012 | $0.045 | OrdinaryDividend |
Dec 22, 2011 | $0.068 | OrdinaryDividend |
Dec 22, 2011 | $1.475 | CapitalGainLongTerm |
Jun 16, 2011 | $0.136 | OrdinaryDividend |
Mar 17, 2011 | $0.027 | OrdinaryDividend |
Dec 16, 2010 | $0.084 | OrdinaryDividend |
Dec 16, 2010 | $0.609 | CapitalGainLongTerm |
Sep 16, 2010 | $0.110 | OrdinaryDividend |
Jun 17, 2010 | $0.241 | OrdinaryDividend |
Mar 18, 2010 | $0.144 | OrdinaryDividend |
Dec 17, 2009 | $0.198 | OrdinaryDividend |
Sep 17, 2009 | $0.139 | OrdinaryDividend |
Jun 18, 2009 | $0.137 | OrdinaryDividend |
Mar 19, 2009 | $0.113 | OrdinaryDividend |
Dec 18, 2008 | $0.108 | OrdinaryDividend |
Dec 18, 2008 | $0.034 | CapitalGainLongTerm |
Dec 27, 2007 | $0.475 | OrdinaryDividend |
Dec 20, 2007 | $0.064 | CapitalGainLongTerm |
Sep 20, 2007 | $0.385 | OrdinaryDividend |
Jun 21, 2007 | $0.073 | OrdinaryDividend |
Mar 22, 2007 | $0.112 | OrdinaryDividend |
Dec 28, 2006 | $0.291 | OrdinaryDividend |
Nov 16, 2006 | $1.094 | CapitalGainLongTerm |
Sep 21, 2006 | $0.080 | OrdinaryDividend |
Jun 22, 2006 | $0.084 | OrdinaryDividend |
Apr 06, 2006 | $0.354 | OrdinaryDividend |
Dec 29, 2005 | $0.499 | OrdinaryDividend |
Nov 17, 2005 | $1.617 | CapitalGainLongTerm |
Sep 22, 2005 | $0.106 | OrdinaryDividend |
Jun 23, 2005 | $0.084 | OrdinaryDividend |
Apr 06, 2005 | $0.243 | OrdinaryDividend |
Dec 30, 2004 | $0.147 | OrdinaryDividend |
Nov 17, 2004 | $0.322 | CapitalGainShortTerm |
Nov 17, 2004 | $0.716 | CapitalGainLongTerm |
Sep 23, 2004 | $0.101 | OrdinaryDividend |
Jun 24, 2004 | $0.113 | OrdinaryDividend |
Mar 25, 2004 | $0.198 | OrdinaryDividend |
Dec 30, 2003 | $0.192 | OrdinaryDividend |
Sep 25, 2003 | $0.129 | OrdinaryDividend |
Jun 26, 2003 | $0.089 | OrdinaryDividend |
Mar 27, 2003 | $0.072 | OrdinaryDividend |
Dec 27, 2002 | $0.096 | OrdinaryDividend |
Sep 25, 2002 | $0.083 | OrdinaryDividend |
Sep 25, 2002 | $0.000 | ExtraDividend |
Jun 26, 2002 | $0.008 | OrdinaryDividend |
Mar 27, 2002 | $0.120 | OrdinaryDividend |
Dec 27, 2001 | $0.252 | OrdinaryDividend |
Nov 07, 2001 | $0.082 | CapitalGainShortTerm |
Nov 07, 2001 | $0.225 | CapitalGainLongTerm |
Sep 26, 2001 | $0.125 | OrdinaryDividend |
Jun 27, 2001 | $0.128 | OrdinaryDividend |
Jun 19, 2001 | $0.008 | ExtraDividend |
Mar 28, 2001 | $0.113 | OrdinaryDividend |
Dec 28, 2000 | $0.200 | OrdinaryDividend |
Nov 09, 2000 | $0.733 | CapitalGainShortTerm |
Nov 09, 2000 | $1.682 | CapitalGainLongTerm |
Sep 28, 2000 | $0.130 | OrdinaryDividend |
Jun 29, 2000 | $0.115 | OrdinaryDividend |
Mar 30, 2000 | $0.088 | OrdinaryDividend |
Dec 29, 1999 | $0.045 | OrdinaryDividend |
Dec 29, 1999 | $0.320 | CapitalGainShortTerm |
Dec 29, 1999 | $0.048 | CapitalGainLongTerm |
CCVIX - Fund Manager Analysis
Managers
John Calamos
Start Date
Tenure
Tenure Rank
Jun 21, 1985
36.97
37.0%
John Calamos is Chairman and Global CIO of Calamos Investments, the firm he founded in 1977. With origins as an institutional convertible bond manager, Calamos Investments has grown into a global asset management firm with institutional and individual clients worldwide. Headquartered in the Chicago metropolitan area, the firm also has offices in New York, San Francisco, Milwaukee and the Miami area. Mr. Calamos established research and investment processes centered around a team-based approach designed to deliver superior risk-adjusted performance over full market cycles through a range of U.S. and global investment solutions including equity, fixed income, convertible and alternative strategies. As a pioneer in convertible securities, Calamos launched one of the first convertible funds in 1985 as a way to manage risk for clients in volatile times. He also established one of the first liquid alternative funds in 1990, reflecting a focus on innovation that continues to this day. Mr. Calamos has built a reputation for using investment techniques to control risk, preserve capital and build wealth for clients over the long term. With more than 50 years of industry experience, he is often quoted as an authority on risk-managed investment strategies, markets, and the economy. He is a frequent speaker at investment conferences around the world and appears regularly on CNBC, Bloomberg TV and Fox Business Channel. He has authored two books, Investing in Convertible Securities: Your Complete Guide to the Risks and Rewards and Convertible Securities: The Latest Instruments, Portfolio Strategies, and Valuation Analysis. Prior to entering the investment industry, Mr. Calamos served in the United States Air Force. During the Vietnam War, he served as a Forward Air Controller, with responsibilities for guiding accurate air strikes and preventing injuries to friendly troops. His squadron was the first to fly the Cessna O-2, an aircraft in which he recorded over 400 missions in combat. Captain Calamos was awarded the Distinguished Flying Cross for “extraordinary achievement while participating in aerial flight under heavy hostile attack.” His Air Force career included five years of active duty flying B-52 bombers and twelve years in the Reserves flying A-37 jet fighters. He retired as a Major. The son of Greek immigrants, Mr. Calamos is an active philanthropist supporting educational institutions and Hellenic organizations. He serves as Chairman of the Board of Directors for the National Hellenic Museum in Chicago. He is an investment committee member of the Faith Endowment, and a supporting member of the National Hellenic Society, Leadership 100 and The Hellenic Initiative. He received a B.A. in Economics and an M.B.A. in Finance from Illinois Tech, where he established Endowed Chairs in Philosophy and Business and is also a member of the Board of Trustees. He received an Honorary Doctorate in Humanities from Hellenic College Holy Cross.
Jon Vacko
Start Date
Tenure
Tenure Rank
Mar 01, 2004
18.26
18.3%
Jon Vacko is responsible for portfolio management and investment research. He joined the firm in 2000 and has 30 years of industry experience. Prior to joining Calamos, Jon was a credit analyst with Duff & Phelps Credit Rating (now part of Fitch Ratings) in the Financial Institutions Group and served as an examiner with the Federal Reserve Bank of Chicago. He received a BBA in Finance from the University of Wisconsin and an MBA from the University of Chicago.
John Hillenbrand
Start Date
Tenure
Tenure Rank
Mar 01, 2004
18.26
18.3%
As a Co-Chief Investment Officer, John Hillenbrand is responsible for oversight of investment team resources, investment processes, performance and risk. As Head of Multi-Asset Strategies and Co-Head of Convertible Strategies, he manages investment team members and has portfolio management responsibilities for those investment verticals. He is also a member of the Calamos Investment Committee, which is charged with providing a top-down framework, maintaining oversight of risk and performance metrics, and evaluating investment process. John joined Calamos in 2002 and has 30 years of industry experience. Prior to joining Calamos, he served as an equity research analyst at Credit Suisse First Boston and ABN AMRO and as an Account Manager - Business Credit Group at Continental Bank. John received a BBA in Public Accounting from Loyola University and an MBA in Analytic Finance from the University of Chicago Graduate School of Business. He is also a member of the American Institute of Certified Public Accountants.
Eli Pars
Start Date
Tenure
Tenure Rank
Jun 07, 2013
8.99
9.0%
As a Co-Chief Investment Officer, Eli Pars is responsible for oversight of investment team resources, investment processes, performance and risk. As Head of Alternative Strategies and Co-Head of Convertible Strategies, he manages investment team members and has portfolio management responsibilities for those investment verticals. He is also a member of the Calamos Investment Committee, which is charged with providing a top-down framework, maintaining oversight of risk and performance metrics, and evaluating investment process. Eli has 34 years of industry experience, including 15 at Calamos. Prior to returning to Calamos in 2013, he was a Portfolio Manager at Chicago Fundamental Investment Partners, where he co-managed a convertible arbitrage portfolio. Previously, he held senior roles at Mulligan Partners LLC, Ritchie Capital and SAM Investments/The Hampshire Company. Earlier in his career, Eli was a Vice President and Assistant Portfolio Manager at Calamos. He received a BA in English Literature from the University of Illinois and an MBA with a specialization in Finance from the University of Chicago Graduate School of Business.
Joe Wysocki
Start Date
Tenure
Tenure Rank
Mar 01, 2015
7.25
7.3%
Joe Wysocki is responsible for portfolio management and investment research. He joined Calamos in 2003 and has more than 20 years of industry experience. Prior to joining Calamos, he worked on the fixed income team at Strong Capital Management. Joe received a BA in Economics with a minor in Computer Science from Lake Forest College and an MBA from Northern Illinois University.
R. Matthew Freund
Start Date
Tenure
Tenure Rank
Nov 30, 2016
5.5
5.5%
As a Co-Chief Investment Officer, Matt Freund is responsible for oversight of investment team resources, investment processes, performance and risk. As Head of Fixed Income Strategies, he manages investment team members and has portfolio management responsibilities. He is also a member of the Calamos Investment Committee, which is charged with providing a top-down framework, maintaining oversight of risk and performance metrics, and evaluating investment process. Matt joined Calamos in 2016 and has more than 30 years of industry experience. Prior to joining Calamos, he was Chief Investment Officer of USAA Investments, leading the teams responsible for the portfolio management of USAA’s mutual funds and affiliated portfolios, including P&C and life insurance products, and overseeing more than $140 billion in assets. During this time, he also served as lead portfolio manager for several highly regarded fixed income mutual funds. Earlier in his career, Matt served as a senior investment analyst for MetLife in the Capital Markets Group. He received a BA in Accounting from Franklin & Marshall College and an MBA from Indiana University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 36.97 | 10.16 | 7.42 |