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Trending ETFs

Name

As of 09/29/2023

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

$8.57

$33.6 M

3.80%

$0.33

0.88%

Vitals

YTD Return

-0.5%

1 yr return

1.9%

3 Yr Avg Return

-4.2%

5 Yr Avg Return

0.4%

Net Assets

$33.6 M

Holdings in Top 10

18.1%

52 WEEK LOW AND HIGH

$8.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.88%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 51.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 09/29/2023

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

$8.57

$33.6 M

3.80%

$0.33

0.88%

CTRIX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return -4.2%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.02%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    CALAMOS TOTAL RETURN BOND FUND
  • Fund Family Name
    Calamos Family of Funds
  • Inception Date
    Jun 27, 2007
  • Shares Outstanding
    1929365
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Calamos

Fund Description

The Fund seeks total return through income earned on the Fund's investments, plus capital appreciation. The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings) in a diversified portfolio of fixed-income instruments of varying maturities, including derivative instruments with economic characteristics similar to fixed-income instruments. The fixed-income instruments in which the Fund may invest include: securities issued by the U.S. Government, its agencies or government-sponsored enterprises; corporate debt securities of U.S. and non-U.S. issuers, including convertible securities (including synthetic convertible instruments) and corporate commercial paper; mortgage-related and other asset-backed securities; and obligations of non-U.S. governments or their subdivisions, agencies and government- sponsored enterprises. The Fund may invest all of its assets in derivative instruments to gain or reduce exposure to particular securities or segments of the fixed-income markets.

A synthetic convertible instrument is a financial instrument (or two or more securities held in tandem) that is designed to simulate the economic characteristics of a convertible security through the combined features of a debt instrument and a security providing an option on an equity security. The Fund may establish a synthetic convertible instrument by combining fixed-income securities (which may be either convertible or non-convertible) with the right to acquire equity securities. In establishing a synthetic instrument, the Fund may combine a basket of fixed-income securities with a basket of warrants or options that together produce economic characteristics similar to a convertible security. Within each basket of fixed-income securities and warrants or options, different companies may issue the fixed-income and convertible components, which may be purchased separately and at different times.

The Fund's dollar-weighted average portfolio duration (a measure of the approximate sensitivity of a fixed-income instrument's value to changes in interest rate) normally varies within a range of three to ten years based on the interest rate forecast of the Fund's investment adviser. The Fund may invest up to 25% of its net assets in high yield debt securities, often referred to as "junk bonds." Junk bonds are securities rated BB or lower by S&P, or Ba or lower by Moody's or securities that are not rated but are considered by the Fund's investment adviser to be of similar quality. The Fund may not acquire debt securities that are rated lower than C. The Fund may invest up to 35% 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.

The Fund's investment adviser seeks to lower the risks of investing in securities by using a "top-down approach" of diversification by company, industry, sector, country and currency and focusing on macro-level investment themes.

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CTRIX - Performance

Return Ranking - Trailing

Period CTRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -8.3% 4.4% 32.72%
1 Yr 1.9% -18.7% 4.9% 21.01%
3 Yr -4.2%* -12.6% 46.0% 26.33%
5 Yr 0.4%* -7.3% 54.7% 40.38%
10 Yr 1.3%* -4.1% 12.5% 38.91%

* Annualized

Return Ranking - Calendar

Period CTRIX Return Category Return Low Category Return High Rank in Category (%)
2022 -14.8% -34.7% 7.0% 16.34%
2021 -4.6% -11.6% 15.7% 88.84%
2020 4.4% -10.1% 946.1% 45.57%
2019 6.2% -1.7% 156.4% 29.14%
2018 -3.9% -9.4% 3.3% 70.13%

Total Return Ranking - Trailing

Period CTRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -7.4% 6.8% 32.72%
1 Yr 1.9% -14.8% 7.4% 21.01%
3 Yr -4.2%* -9.7% 50.6% 26.33%
5 Yr 0.4%* -3.5% 190.7% 40.38%
10 Yr 1.3%* -1.1% 73.4% 38.91%

* Annualized

Total Return Ranking - Calendar

Period CTRIX Return Category Return Low Category Return High Rank in Category (%)
2022 -11.6% -32.2% 7.0% 15.45%
2021 0.2% -5.9% 15.7% 24.69%
2020 6.9% -9.6% 978.6% 80.58%
2019 9.2% 1.1% 21668.0% 42.16%
2018 -0.7% -5.7% 6.2% 52.33%

NAV & Total Return History


CTRIX - Holdings

Concentration Analysis

CTRIX Category Low Category High CTRIX % Rank
Net Assets 33.6 M 234 K 299 B 95.42%
Number of Holdings 217 1 17234 83.46%
Net Assets in Top 10 6.09 M -106 M 27.6 B 97.13%
Weighting of Top 10 18.12% 3.7% 123.9% 71.70%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 2.40%
  2. TSY INFL IX N/B 01/28 0.5 2.34%
  3. FNMA POOL MA4379 FN 07/51 FIXED 2.5 2.05%
  4. US TREASURY N/B 03/25 3.875 1.97%
  5. FNMA POOL MA4684 FN 06/52 FIXED 4.5 1.71%
  6. US TREASURY N/B 05/33 3.375 1.70%
  7. FNMA POOL MA3990 FN 04/50 FIXED 2.5 1.53%
  8. US TREASURY N/B 07/26 4.5 1.49%
  9. FNMA POOL MA4804 FN 11/52 FIXED 4 1.48%
  10. FNMA POOL MA4511 FN 01/52 FIXED 2 1.44%

Asset Allocation

Weighting Return Low Return High CTRIX % Rank
Bonds
89.08% 3.97% 268.18% 75.67%
Other
8.42% -13.23% 4.55% 27.72%
Cash
2.50% -181.13% 95.99% 53.35%
Convertible Bonds
1.80% 0.00% 7.93% 36.77%
Stocks
0.00% -0.55% 24.74% 71.76%
Preferred Stocks
0.00% 0.00% 77.13% 68.26%

Bond Sector Breakdown

Weighting Return Low Return High CTRIX % Rank
Corporate
55.13% 0.00% 100.00% 6.35%
Securitized
26.09% 0.00% 98.40% 63.91%
Government
17.85% 0.00% 86.23% 67.76%
Cash & Equivalents
2.40% 0.00% 95.99% 52.58%
Municipal
0.00% 0.00% 100.00% 87.49%
Derivative
-0.10% 0.00% 25.16% 64.72%

Bond Geographic Breakdown

Weighting Return Low Return High CTRIX % Rank
US
89.08% 3.63% 210.09% 69.69%
Non US
0.00% -6.54% 58.09% 73.42%

CTRIX - Expenses

Operational Fees

CTRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.01% 20.64% 34.07%
Management Fee 0.45% 0.00% 1.76% 78.67%
12b-1 Fee N/A 0.00% 1.00% 8.76%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

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

Trading Fees

CTRIX 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.

CTRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 2.00% 493.39% 19.23%

CTRIX - Distributions

Dividend Yield Analysis

CTRIX Category Low Category High CTRIX % Rank
Dividend Yield 3.80% 0.00% 10.58% 62.14%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CTRIX Category Low Category High CTRIX % Rank
Net Income Ratio 2.02% -1.28% 8.97% 29.75%

Capital Gain Distribution Analysis

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

Distributions History

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CTRIX - Fund Manager Analysis

Managers

John Calamos


Start Date

Tenure

Tenure Rank

Jun 27, 2007

14.94

14.9%

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, 2009

13.26

13.3%

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.

Christian Brobst


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.83 1.16