CCVIX: Calamos Convertible Fund - MutualFunds.com
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Calamos Convertible A

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

$26.48
$14.54
$27.06

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
  • Fund Type Open End Mutual Fund
  • Investment Style Convertibles

Compare CCVIX to Popular Convertible Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$86.08

-1.39%

$6.68 B

2.22%

$1.94

3.97%

-

$28.94

-0.69%

$5.09 B

0.93%

$0.27

2.26%

-

$45.21

-1.05%

$2.70 B

0.72%

$0.33

4.73%

-

$31.43

-1.13%

$2.40 B

1.39%

$0.44

4.63%

-

$41.76

-1.09%

$2.09 B

2.75%

$1.16

4.45%

-

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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Calamos Convertible Fund
  • Fund Family Name
    Calamos
  • Inception Date
    Jun 21, 1985
  • Shares Outstanding
    15575566
  • Share Class
    A
  • 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.


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

  1. Tesla Inc 1.25% 4.08%
  2. Tesla Inc 2% 3.15%
  3. Microchip Technology Incorporated 1.62% 2.29%
  4. Royal Caribbean Group 4.25% 2.15%
  5. Coupa Software Incorporated 0.38% 1.91%
  6. Southwest Airlines Co. 1.25% 1.90%
  7. Insulet Corporation 0.38% 1.88%
  8. Inphi Corp 0.75% 1.80%
  9. Insulet Corporation 0.38% 1.74%
  10. 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

View More +

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