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Trending ETFs

Name

As of 11/29/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.85

$37.2 M

5.01%

$0.39

1.18%

Vitals

YTD Return

8.5%

1 yr return

12.5%

3 Yr Avg Return

3.6%

5 Yr Avg Return

4.7%

Net Assets

$37.2 M

Holdings in Top 10

9.4%

52 WEEK LOW AND HIGH

$7.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.18%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/29/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.85

$37.2 M

5.01%

$0.39

1.18%

CIHYX - Profile

Distributions

  • YTD Total Return 8.5%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.34%
DIVIDENDS
  • Dividend Yield 5.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Calamos High Income Opportunities Fund
  • Fund Family Name
    Calamos Family of Funds
  • Inception Date
    Mar 01, 2002
  • Shares Outstanding
    1472424
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Calamos

Fund Description

The Fund invests primarily in a diversified portfolio of high yield fixed-income securities (often referred to as "junk bonds") issued by both U.S. and foreign companies. Although not a principal investment strategy, the Fund may invest in securities of issuers in emerging markets to a significant extent.

The high yield fixed-income securities in which the Fund intends to invest have lower credit ratings than investment grade securities (those rated BBB or higher by S&P, or Baa or higher by Moody's). However, junk bonds typically offer a significantly higher yield, as well as greater risks, than investment grade securities. S&P's and Moody's ratings are used only as preliminary indicators of investment quality. The Fund also uses its own credit research and analysis. 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, such as large-scale events on the country-wide, continental and global scale, implementing opportunistic investment strategies to capitalize on geopolitical trends.

The Fund may invest in both convertible (including synthetic convertible) and non-convertible high yield bonds. Convertible debt securities are exchangeable for equity securities of the issuer at a predetermined price, and typically offer greater appreciation potential than non-convertible debt securities. References in this prospectus to the Fund "investing" in any instrument, security or strategy include direct or indirect investment, including gaining exposure through derivatives, master limited partnerships or other investment companies.

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.

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CIHYX - Performance

Return Ranking - Trailing

Period CIHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.5% -8.0% 18.8% 34.43%
1 Yr 12.5% -3.7% 20.6% 27.54%
3 Yr 3.6%* -14.0% 21.7% 36.91%
5 Yr 4.7%* -11.4% 37.3% 22.38%
10 Yr 4.2%* -5.1% 20.1% 39.34%

* Annualized

Return Ranking - Calendar

Period CIHYX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -4.7% 14.3% 51.31%
2022 -14.9% -33.4% 3.6% 38.74%
2021 1.8% -8.4% 8.2% 13.57%
2020 -0.9% -13.2% 302.7% 65.49%
2019 7.7% -4.4% 13.3% 55.74%

Total Return Ranking - Trailing

Period CIHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.5% -8.0% 18.8% 34.43%
1 Yr 12.5% -3.7% 20.6% 27.54%
3 Yr 3.6%* -14.0% 21.7% 36.91%
5 Yr 4.7%* -11.4% 37.3% 22.38%
10 Yr 4.2%* -5.1% 20.1% 39.34%

* Annualized

Total Return Ranking - Calendar

Period CIHYX Return Category Return Low Category Return High Rank in Category (%)
2023 13.1% -4.7% 18.7% 23.11%
2022 -9.8% -33.4% 47.8% 35.26%
2021 7.1% -8.4% 12.4% 12.03%
2020 5.6% -9.6% 325.6% 47.96%
2019 15.3% -3.8% 19.4% 18.76%

NAV & Total Return History


CIHYX - Holdings

Concentration Analysis

CIHYX Category Low Category High CIHYX % Rank
Net Assets 37.2 M 3.13 M 25.3 B 94.93%
Number of Holdings 490 2 3879 32.68%
Net Assets in Top 10 3.42 M -492 M 5.25 B 98.03%
Weighting of Top 10 9.41% 4.2% 146.0% 80.30%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 4.19%
  2. Team Health Holdings Inc 2022 Term Loan B 0.72%
  3. Jefferies Finance LLC / JFIN Co-Issuer Corp 0.67%
  4. Amneal Pharmaceuticals LLC 2023 Term Loan B 0.58%
  5. Tenet Healthcare Corp 0.55%
  6. OCI NV 0.55%
  7. Burford Capital Global Finance LLC 0.54%
  8. Jazz Securities DAC 0.54%
  9. Ford Motor Credit Co LLC 0.54%
  10. Iron Mountain Inc 0.53%

Asset Allocation

Weighting Return Low Return High CIHYX % Rank
Bonds
95.05% 0.00% 145.36% 52.61%
Cash
4.19% -52.00% 48.02% 42.69%
Convertible Bonds
1.98% 0.00% 17.89% 25.45%
Stocks
0.69% 0.00% 97.54% 39.05%
Other
0.26% -39.08% 99.23% 29.06%
Preferred Stocks
0.24% 0.00% 4.97% 24.79%

Stock Sector Breakdown

Weighting Return Low Return High CIHYX % Rank
Energy
75.16% 0.00% 100.00% 27.00%
Consumer Cyclical
16.29% 0.00% 100.00% 16.32%
Communication Services
8.55% 0.00% 99.99% 36.80%
Utilities
0.00% 0.00% 100.00% 62.91%
Technology
0.00% 0.00% 33.17% 64.99%
Real Estate
0.00% 0.00% 86.71% 60.53%
Industrials
0.00% 0.00% 93.12% 64.99%
Healthcare
0.00% 0.00% 22.17% 57.27%
Financial Services
0.00% 0.00% 100.00% 64.09%
Consumer Defense
0.00% 0.00% 100.00% 59.05%
Basic Materials
0.00% 0.00% 100.00% 62.31%

Stock Geographic Breakdown

Weighting Return Low Return High CIHYX % Rank
US
0.69% 0.00% 97.54% 38.42%
Non US
0.00% -0.01% 0.83% 59.61%

Bond Sector Breakdown

Weighting Return Low Return High CIHYX % Rank
Corporate
96.15% 0.00% 100.00% 41.12%
Cash & Equivalents
4.19% 0.00% 48.02% 36.12%
Securitized
1.88% 0.00% 97.24% 18.42%
Derivative
0.00% -14.58% 42.26% 40.56%
Municipal
0.00% 0.00% 1.17% 52.80%
Government
0.00% 0.00% 99.07% 65.13%

Bond Geographic Breakdown

Weighting Return Low Return High CIHYX % Rank
US
95.05% 0.00% 126.57% 39.74%
Non US
0.00% 0.00% 96.91% 71.10%

CIHYX - Expenses

Operational Fees

CIHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.18% 0.02% 38.33% 34.59%
Management Fee 0.60% 0.00% 1.75% 65.14%
12b-1 Fee N/A 0.00% 1.00% 7.50%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

CIHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CIHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 67.86%

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.

CIHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 1.00% 255.00% 28.73%

CIHYX - Distributions

Dividend Yield Analysis

CIHYX Category Low Category High CIHYX % Rank
Dividend Yield 5.01% 0.00% 11.76% 29.85%

Dividend Distribution Analysis

CIHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CIHYX Category Low Category High CIHYX % Rank
Net Income Ratio 4.34% -2.39% 9.30% 52.84%

Capital Gain Distribution Analysis

CIHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CIHYX - Fund Manager Analysis

Managers

John Calamos


Start Date

Tenure

Tenure Rank

Aug 02, 1999

22.84

22.8%

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.

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

Mar 01, 2014

8.25

8.3%

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.

Jon Vacko


Start Date

Tenure

Tenure Rank

Mar 01, 2015

7.25

7.3%

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.

Chuck Carmody


Start Date

Tenure

Tenure Rank

Feb 29, 2016

6.25

6.3%

Chuck Carmody joined CALAMOS ADVISORS in 2004 and since February 2016 is a Co-Portfolio Manager, as well as a Senior Fixed Income Trader. From January 2010 to February 2016 he was a Senior Trader.

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
0.13 37.79 7.31 8.17