CCVCX: Calamos Convertible C

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CCVCX Calamos Convertible C


Profile

CCVCX - Profile

Vitals

  • YTD Return 23.9%
  • 3 Yr Annualized Return 8.4%
  • 5 Yr Annualized Return 6.5%
  • Net Assets $1.16 B
  • Holdings in Top 10 24.9%

52 WEEK LOW AND HIGH

$22.42
$14.40
$23.35

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.91%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 36.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return 23.9%
  • 3 Yr Annualized Total Return 9.8%
  • 5 Yr Annualized Total Return 8.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.34%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Calamos Convertible Fund
  • Fund Family Name
    Calamos
  • Inception Date
    Jul 05, 1996
  • Shares Outstanding
    2598123
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Calamos

Fund Description

The fund invests mainly in a diversified portfolio of convertible securities issued by both U.S. and foreign companies without regard to market capitalization. It 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. 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.


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Categories

Performance

CCVCX - Performance

Return Ranking - Trailing

Period CCVCX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.9% -30.3% 33.5% 12.50%
1 Yr 29.7% -30.8% 30.4% 8.97%
3 Yr 8.4%* -13.4% 11.7% 20.86%
5 Yr 6.5%* -8.4% 9.9% 22.22%
10 Yr 1.7%* -5.2% 8.9% 61.25%

* Annualized

Return Ranking - Calendar

Period CCVCX Return Category Return Low Category Return High Rank in Category (%)
2019 18.1% -8.6% 24.4% 23.87%
2018 -12.3% -15.4% -2.5% 72.14%
2017 9.5% -7.8% 15.4% 27.21%
2016 1.5% -4.1% 14.2% 54.55%
2015 -9.5% -26.1% 2.5% 64.96%

Total Return Ranking - Trailing

Period CCVCX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.9% -30.3% 33.5% 12.50%
1 Yr 29.7% -30.8% 30.4% 8.97%
3 Yr 9.8%* -10.5% 17.0% 29.50%
5 Yr 8.5%* -5.8% 13.5% 29.37%
10 Yr 6.7%* -5.2% 11.9% 51.25%

* Annualized

Total Return Ranking - Calendar

Period CCVCX Return Category Return Low Category Return High Rank in Category (%)
2019 18.1% -8.6% 24.4% 23.87%
2018 -11.9% -15.4% 4.5% 85.71%
2017 13.7% -1.0% 18.4% 30.88%
2016 3.7% -4.1% 20.1% 59.85%
2015 -4.6% -26.1% 6.2% 72.65%

NAV & Total Return History


Holdings

CCVCX - Holdings

Concentration Analysis

CCVCX Category Low Category High CCVCX % Rank
Net Assets 1.16 B 196 K 9.94 B 42.07%
Number of Holdings 116 38 373 65.24%
Net Assets in Top 10 261 M -276 M 1.01 B 45.73%
Weighting of Top 10 24.88% 10.4% 72.4% 40.85%

Top 10 Holdings

  1. Morgan Stanley Instl Lqudty Govt Instl 5.56%
  2. Tesla Inc 1.25% 3.97%
  3. Splunk Inc 1.12% 2.17%
  4. Microchip Technology Incorporated 1.62% 2.13%
  5. Tesla Inc 2% 2.02%
  6. DexCom Inc 0.25% 1.88%
  7. Booking Holdings Inc 0.75% 1.86%
  8. Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A 1.81%
  9. Inphi Corp 0.75% 1.80%
  10. Coupa Software Incorporated 0.38% 1.68%

Asset Allocation

Weighting Return Low Return High CCVCX % Rank
Convertible Bonds
78.49% 0.00% 108.22% 26.83%
Preferred Stocks
10.67% 0.00% 77.66% 68.29%
Cash
5.56% -6.08% 15.79% 10.98%
Stocks
5.28% -0.82% 47.79% 43.29%
Other
0.00% 0.00% 15.69% 80.49%
Bonds
0.00% -14.80% 70.12% 79.88%

Stock Sector Breakdown

Weighting Return Low Return High CCVCX % Rank
Utilities
54.93% 0.00% 100.00% 33.08%
Technology
32.10% 0.00% 32.10% 1.50%
Industrials
12.98% 0.00% 99.90% 21.80%
Real Estate
0.00% 0.00% 100.00% 70.68%
Healthcare
0.00% 0.00% 33.70% 75.19%
Financial Services
0.00% 0.00% 100.00% 79.70%
Energy
0.00% 0.00% 29.20% 66.17%
Communication Services
0.00% 0.00% 14.18% 64.66%
Consumer Defense
0.00% 0.00% 9.44% 60.90%
Consumer Cyclical
0.00% 0.00% 14.27% 57.89%
Basic Materials
0.00% 0.00% 25.53% 60.15%

Stock Geographic Breakdown

Weighting Return Low Return High CCVCX % Rank
US
5.28% -0.82% 43.86% 43.29%
Non US
0.00% 0.00% 4.05% 70.12%

Expenses

CCVCX - Expenses

Operational Fees

CCVCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.91% 0.41% 94.07% 30.82%
Management Fee 0.74% 0.00% 1.42% 64.42%
12b-1 Fee 1.00% 0.00% 1.00% 88.42%
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

CCVCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 56.52%

Trading Fees

CCVCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

CCVCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.70% 5.00% 175.00% 35.98%

Distributions

CCVCX - Distributions

Dividend Yield Analysis

CCVCX Category Low Category High CCVCX % Rank
Dividend Yield 0.00% 0.00% 6.47% 54.27%

Dividend Distribution Analysis

CCVCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

CCVCX Category Low Category High CCVCX % Rank
Net Income Ratio 2.34% -0.26% 9.30% 49.69%

Capital Gain Distribution Analysis

CCVCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

Fund Manager Analysis

CCVCX - Fund Manager Analysis

Managers

John Calamos


Start Date

Tenure

Tenure Rank

Jun 21, 1985

35.22

35.2%

John P. Calamos, Sr. has been President and Trustee of the Calamos Investment Trust (“Trust”) and for CALAMOS ADVISORS: Founder, Chairman and Global Chief Investment Officer (“Global CIO”) since August 2016; Chairman and Global CIO from April to August 2016; Chairman, Chief Executive Officer and Global Co-CIO between April 2013 and April 2016; Chief Executive Officer and Global Co-CIO between August 2012 and April 2013; and Chief Executive Officer and Co-CIO prior thereto. Mr. Calamos received his B.A. in Economics and an M.B.A. in Finance from the Illinois Institute of Technology. He joined the United States Air Force after graduation where he served as a combat pilot during the Vietnam War and ultimately earned the rank of Major.

Jon Vacko


Start Date

Tenure

Tenure Rank

Mar 01, 2004

16.51

16.5%

Jon Vacko has been a Sr. Co-Portfolio Manager since September 2015. Previously, he was a Co-Portfolio Manager from August 2013 to September 2015; prior thereto he was a Co-Head of Research and Investments from July 2010 to August 2013. . He joined CALAMOS ADVISORS in 2000 and has 28 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 B.B.A. in Finance from the University of Wisconsin and an M.B.A from the University of Chicago.

John Hillenbrand


Start Date

Tenure

Tenure Rank

Mar 01, 2004

16.51

16.5%

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 28 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 B.B.A. 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

7.24

7.2%

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 32 years of industry experience, including 13 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 B.A. in English Literature from the University of Illinois and an M.B.A. with a specialization in Finance from the University of Chicago Graduate School of Business.

Joe Wysocki


Start Date

Tenure

Tenure Rank

Mar 01, 2015

5.51

5.5%

Joseph Wysocki is responsible for portfolio management and investment research. He joined Calamos in 2003 and has 20 years of industry experience. Prior to joining Calamos, he worked on the fixed income team at Strong Capital Management. Joe received a B.A. in Economics with a minor in Computer Science from Lake Forest College and an M.B.A. from Northern Illinois University.

R. Matthew Freund


Start Date

Tenure

Tenure Rank

Nov 30, 2016

3.75

3.8%

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 31 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 B.A. in Accounting from Franklin & Marshall College and an M.B.A. from Indiana University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.5 35.22 9.51 9.67