Calamos Convertible A
- CCVIX
- Price as of: Jan 15, 2021
-
$26.48
N/A N/A
- Primary Theme
- Convertible Bond
- Fund Company
- Calamos
- Share Class
CCVIX - Snapshot
Vitals
- YTD Return 3.1%
- 3 Yr Annualized Return 21.1%
- 5 Yr Annualized Return 16.2%
- Net Assets $1.4 B
- Holdings in Top 10 22.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.13%
SALES FEES
- Front Load 2.25%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 70.70%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,500
- IRA $500
Fund Classification
-
Primary Theme
Convertible Bond
- Fund Type Open End Mutual Fund
- Investment Style Convertibles
CCVIX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return 20.2%
- 5 Yr Annualized Total Return 15.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.37%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCalamos Convertible Fund
-
Fund Family NameCalamos
-
Inception DateJun 21, 1985
-
Shares Outstanding15575566
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohn 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.
CCVIX - Performance
Return Ranking - Trailing
Period | CCVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | 0.6% | 5.9% | 57.14% |
1 Yr | 48.4% | 7.6% | 64.4% | 25.88% |
3 Yr | 21.1%* | 5.9% | 26.6% | 45.12% |
5 Yr | 16.2%* | 7.5% | 21.2% | 48.15% |
10 Yr | 10.1%* | 6.2% | 13.6% | 77.46% |
* Annualized
Return Ranking - Calendar
Period | CCVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 39.1% | -4.1% | 54.0% | 26.25% |
2019 | 17.9% | 4.5% | 24.4% | 43.75% |
2018 | -12.2% | -15.4% | -2.5% | 72.73% |
2017 | 9.7% | -7.8% | 15.4% | 44.74% |
2016 | 1.4% | 0.4% | 14.2% | 83.78% |
Total Return Ranking - Trailing
Period | CCVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | 0.6% | 5.9% | 57.14% |
1 Yr | 45.1% | 7.6% | 64.4% | 38.82% |
3 Yr | 20.2%* | 5.9% | 26.6% | 52.44% |
5 Yr | 15.7%* | 6.7% | 21.2% | 53.09% |
10 Yr | 9.8%* | 6.1% | 13.6% | 74.65% |
* Annualized
Total Return Ranking - Calendar
Period | CCVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 39.1% | -4.1% | 54.0% | 26.25% |
2019 | 17.9% | 4.5% | 24.4% | 43.75% |
2018 | -11.3% | -15.4% | 4.5% | 92.21% |
2017 | 14.3% | 1.8% | 18.4% | 48.68% |
2016 | 4.4% | 0.4% | 16.5% | 81.08% |
NAV & Total Return History
CCVIX - Holdings
Concentration Analysis
CCVIX | Category Low | Category High | CCVIX % Rank | |
---|---|---|---|---|
Net Assets | 1.4 B | 52 M | 6.68 B | 54.12% |
Number of Holdings | 126 | 47 | 392 | 42.35% |
Net Assets in Top 10 | 293 M | -12 M | 1.2 B | 48.24% |
Weighting of Top 10 | 22.28% | 9.8% | 79.1% | 47.06% |
Top 10 Holdings
- Tesla Inc 1.25% 4.08%
- Tesla Inc 2% 3.15%
- Microchip Technology Incorporated 1.62% 2.29%
- Royal Caribbean Group 4.25% 2.15%
- Coupa Software Incorporated 0.38% 1.91%
- Southwest Airlines Co. 1.25% 1.90%
- Insulet Corporation 0.38% 1.88%
- Inphi Corp 0.75% 1.80%
- Insulet Corporation 0.38% 1.74%
- Splunk Inc 1.12% 1.72%
Asset Allocation
Weighting | Return Low | Return High | CCVIX % Rank | |
---|---|---|---|---|
Convertible Bonds | 80.97% | 3.48% | 115.14% | 36.47% |
Preferred Stocks | 10.36% | 0.00% | 22.69% | 49.41% |
Stocks | 5.36% | 0.00% | 30.60% | 45.88% |
Cash | 3.31% | -0.42% | 6.05% | 16.47% |
Other | 0.00% | -18.86% | 7.56% | 40.00% |
Bonds | 0.00% | -24.80% | 51.56% | 51.76% |
Stock Sector Breakdown
Weighting | Return Low | Return High | CCVIX % Rank | |
---|---|---|---|---|
Utilities | 67.09% | 0.00% | 100.00% | 33.33% |
Technology | 18.31% | 0.00% | 43.84% | 25.64% |
Industrials | 14.60% | 0.00% | 100.00% | 39.74% |
Real Estate | 0.00% | 0.00% | 24.05% | 19.23% |
Healthcare | 0.00% | 0.00% | 30.67% | 79.49% |
Financial Services | 0.00% | 0.00% | 96.48% | 26.92% |
Energy | 0.00% | 0.00% | 21.86% | 33.33% |
Communication Services | 0.00% | 0.00% | 100.00% | 34.62% |
Consumer Defense | 0.00% | 0.00% | 5.86% | 17.95% |
Consumer Cyclical | 0.00% | 0.00% | 18.60% | 20.51% |
Basic Materials | 0.00% | 0.00% | 19.83% | 28.21% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | CCVIX % Rank | |
---|---|---|---|---|
US | 5.36% | 0.00% | 30.38% | 45.88% |
Non US | 0.00% | 0.00% | 3.76% | 16.47% |
CCVIX - Expenses
Operational Fees
CCVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.13% | 0.07% | 8.22% | 50.00% |
Management Fee | 0.74% | 0.20% | 1.42% | 64.29% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 30.19% |
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% | 81.25% |
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 | 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.
CCVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 70.70% | 5.00% | 242.00% | 42.35% |
CCVIX - Distributions
Dividend Yield Analysis
CCVIX | Category Low | Category High | CCVIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.85% | 18.82% |
Dividend Distribution Analysis
CCVIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
CCVIX | Category Low | Category High | CCVIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.37% | -0.63% | 9.48% | 10.71% |
Capital Gain Distribution Analysis
CCVIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 14, 2019 | $0.048 |
Sep 13, 2018 | $0.073 |
Jun 14, 2018 | $0.061 |
Mar 15, 2018 | $0.062 |
Sep 14, 2017 | $0.013 |
Jun 15, 2017 | $0.060 |
Mar 16, 2017 | $0.085 |
Dec 15, 2016 | $0.157 |
Sep 15, 2016 | $0.164 |
Jun 16, 2016 | $0.099 |
Mar 17, 2016 | $0.038 |
Sep 17, 2015 | $0.192 |
Jun 18, 2015 | $0.155 |
Mar 19, 2015 | $0.124 |
Sep 18, 2014 | $0.119 |
Jun 19, 2014 | $0.042 |
Mar 20, 2014 | $0.109 |
Jun 21, 2012 | $0.030 |
Mar 22, 2012 | $0.045 |
Dec 22, 2011 | $0.068 |
Jun 16, 2011 | $0.136 |
Mar 17, 2011 | $0.027 |
Dec 16, 2010 | $0.084 |
Sep 16, 2010 | $0.110 |
Jun 17, 2010 | $0.241 |
Mar 18, 2010 | $0.144 |
Dec 17, 2009 | $0.198 |
Sep 17, 2009 | $0.139 |
Jun 18, 2009 | $0.137 |
Mar 19, 2009 | $0.113 |
Dec 18, 2008 | $0.108 |
Dec 27, 2007 | $0.475 |
Sep 20, 2007 | $0.385 |
Jun 21, 2007 | $0.073 |
Mar 22, 2007 | $0.112 |
Dec 28, 2006 | $0.291 |
Sep 21, 2006 | $0.080 |
Jun 22, 2006 | $0.084 |
Apr 06, 2006 | $0.354 |
Dec 29, 2005 | $0.499 |
Sep 22, 2005 | $0.106 |
Jun 23, 2005 | $0.084 |
Apr 06, 2005 | $0.244 |
Dec 30, 2004 | $0.147 |
Sep 23, 2004 | $0.101 |
Jun 24, 2004 | $0.113 |
Mar 25, 2004 | $0.198 |
Dec 30, 2003 | $0.192 |
Sep 25, 2003 | $0.129 |
Jun 26, 2003 | $0.089 |
Mar 27, 2003 | $0.072 |
Dec 27, 2002 | $0.096 |
Jun 26, 2002 | $0.008 |
Mar 27, 2002 | $0.120 |
Dec 27, 2001 | $0.252 |
Sep 26, 2001 | $0.125 |
Jun 27, 2001 | $0.128 |
Jun 19, 2001 | $0.008 |
Mar 28, 2001 | $0.113 |
Dec 27, 2000 | $0.200 |
Sep 27, 2000 | $0.130 |
Jun 28, 2000 | $0.115 |
Mar 29, 2000 | $0.088 |
Dec 29, 1999 | $0.045 |
CCVIX - Fund Manager Analysis
Managers
John Calamos
Start Date
Tenure
Tenure Rank
Jun 21, 1985
35.55
35.6%
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
16.85
16.9%
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
16.85
16.9%
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
7.57
7.6%
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
5.84
5.8%
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
4.09
4.1%
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 |
---|---|---|---|
0.08 | 35.55 | 9.65 | 6.01 |