CVTCX: Calamos Growth & Income C

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CVTCX Calamos Growth & Income C


Profile

CVTCX - Profile

Vitals

  • YTD Return -19.5%
  • 3 Yr Annualized Return -3.4%
  • 5 Yr Annualized Return -2.5%
  • Net Assets $1.93 B
  • Holdings in Top 10 24.2%

52 WEEK LOW AND HIGH

$28.00
$25.90
$36.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.85%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 18.50%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--70% to 85% Equity

Distributions

  • YTD Total Return -19.5%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.37%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Calamos Growth and Income Fund
  • Fund Family Name
    Calamos
  • Inception Date
    Aug 05, 1996
  • Shares Outstanding
    3798817
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Calamos

Fund Description

The fund invests primarily in a diversified portfolio of convertible, equity and fixed-income securities of U.S. companies without regard to market capitalization. The Advisor attempts to utilize these different types of securities to strike, in the investment adviser's opinion, the appropriate balance between risk and reward in terms of growth and income. The average term to maturity of the convertible and fixed-income securities purchased by the fund will typically range from two to ten years.


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Categories

Performance

CVTCX - Performance

Return Ranking - Trailing

Period CVTCX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.5% -63.1% 78.0% 85.33%
1 Yr -12.7% -69.3% 52.2% 61.34%
3 Yr -3.4%* -30.6% 17.3% 46.32%
5 Yr -2.5%* -30.8% 19.5% 46.96%
10 Yr -0.5%* -33.6% 10.5% 77.53%

* Annualized

Return Ranking - Calendar

Period CVTCX Return Category Return Low Category Return High Rank in Category (%)
2019 21.8% -50.4% 46.8% 2.83%
2018 -11.4% -31.8% 19.0% 65.02%
2017 8.2% -44.7% 46.3% 31.04%
2016 -0.2% -84.5% 146.1% 89.26%
2015 -5.8% -40.7% 14.6% 44.29%

Total Return Ranking - Trailing

Period CVTCX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.5% -63.1% 78.0% 85.33%
1 Yr -12.7% -69.3% 52.2% 61.34%
3 Yr -1.2%* -30.6% 17.3% 43.99%
5 Yr 1.5%* -30.8% 19.5% 20.65%
10 Yr 4.4%* -33.6% 10.5% 41.80%

* Annualized

Total Return Ranking - Calendar

Period CVTCX Return Category Return Low Category Return High Rank in Category (%)
2019 21.8% -50.4% 46.8% 2.83%
2018 -11.1% -27.4% 19.0% 81.28%
2017 15.5% -44.7% 46.3% 8.53%
2016 6.3% -84.5% 146.1% 42.97%
2015 0.8% -36.9% 14.6% 8.12%

NAV & Total Return History


Holdings

CVTCX - Holdings

Concentration Analysis

CVTCX Category Low Category High CVTCX % Rank
Net Assets 1.93 B 181 K 155 B 21.34%
Number of Holdings 212 2 13816 46.98%
Net Assets in Top 10 499 M -39.4 M 33.7 B 28.36%
Weighting of Top 10 24.22% 5.5% 100.0% 64.33%

Top 10 Holdings

  1. Microsoft Corp 4.99%
  2. Apple Inc 4.43%
  3. Amazon.com Inc 3.18%
  4. Alphabet Inc A 2.81%
  5. Visa Inc Class A 1.73%
  6. Facebook Inc A 1.67%
  7. JPMorgan Chase & Co 1.49%
  8. UnitedHealth Group Inc 1.48%
  9. Procter & Gamble Co 1.26%
  10. Mastercard Inc A 1.18%

Asset Allocation

Weighting Return Low Return High CVTCX % Rank
Stocks
78.13% -41.01% 78.13% 0.21%
Convertible Bonds
12.55% -0.84% 52.57% 2.22%
Preferred Stocks
4.08% 0.00% 44.10% 9.21%
Bonds
4.02% -4.03% 79.95% 98.31%
Cash
1.21% -102.09% 78.43% 78.20%
Other
0.00% -41.44% 154.72% 91.64%

Stock Sector Breakdown

Weighting Return Low Return High CVTCX % Rank
Technology
20.54% 0.00% 72.78% 17.67%
Financial Services
16.17% 0.00% 62.98% 47.11%
Healthcare
13.02% 0.00% 63.75% 58.78%
Industrials
12.24% 0.00% 99.44% 22.22%
Communication Services
10.40% 0.00% 41.87% 12.89%
Consumer Cyclical
9.06% 0.00% 45.84% 57.22%
Consumer Defense
8.29% 0.00% 17.78% 30.00%
Energy
3.93% 0.00% 100.00% 62.78%
Utilities
3.58% 0.00% 100.00% 48.44%
Real Estate
1.59% -2.05% 100.00% 83.33%
Basic Materials
1.20% 0.00% 19.70% 86.44%

Stock Geographic Breakdown

Weighting Return Low Return High CVTCX % Rank
US
75.99% -41.02% 76.29% 0.32%
Non US
2.14% -1.50% 32.14% 71.01%

Bond Sector Breakdown

Weighting Return Low Return High CVTCX % Rank
Corporate
89.32% 0.00% 100.00% 4.13%
Cash & Equivalents
5.55% -3.87% 100.00% 78.73%
Government
5.13% -0.45% 98.49% 81.27%
Derivative
0.00% -3.25% 55.67% 92.17%
Securitized
0.00% 0.00% 67.23% 98.20%
Municipal
0.00% 0.00% 99.77% 95.34%

Bond Geographic Breakdown

Weighting Return Low Return High CVTCX % Rank
US
4.02% -5.28% 84.24% 97.57%
Non US
0.00% -12.68% 26.09% 98.10%

Expenses

CVTCX - Expenses

Operational Fees

CVTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.85% 0.02% 7.27% 17.57%
Management Fee 0.69% 0.00% 2.00% 71.72%
12b-1 Fee 1.00% 0.00% 1.00% 95.96%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

CVTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 85.91%

Trading Fees

CVTCX 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.

CVTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.50% 0.00% 574.00% 20.42%

Distributions

CVTCX - Distributions

Dividend Yield Analysis

CVTCX Category Low Category High CVTCX % Rank
Dividend Yield 0.00% 0.00% 12.30% 87.20%

Dividend Distribution Analysis

CVTCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

CVTCX Category Low Category High CVTCX % Rank
Net Income Ratio 0.37% -5.24% 6.65% 92.23%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

CVTCX - Fund Manager Analysis

Managers

John Calamos


Start Date

Tenure

Tenure Rank

Sep 22, 1988

31.46

31.5%

John P. Calamos is the founder of CALAMOS ASSET MANAGEMENT, INC., the 16th largest money manager in Chicagoland. The firm offers institutional and individual investors a breadth of strategies through both individually managed portfolios and mutual funds. Mr. Calamos received his undergraduate degree in Economics and MBA in Finance from the Illinois Institute of Technology. Joining the United States Air Force after graduation, he served as a combat pilot during the Vietnam War and ultimately earned the rank of Major. Following his military service, John devoted his entire professional career to investment management and research, establishing his own firm in 1977. Mr. Calamos is a member of the Investment Analysts Society of Chicago and has taught graduate level courses on finance and investments. Mr. Calamos has written 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, along with numerous articles in various financial journals. He is often quoted in the press, including The Wall Street Journal, Investor’s Business Daily, Barron’s, Fortune, BusinessWeek and Pensions & Investments. He has appeared on CNBC, CNNfn, Louis Rukeyser's Wall Street and Nightly Business Report.

Jon Vacko


Start Date

Tenure

Tenure Rank

Mar 01, 2004

16.01

16.0%

Jon Vacko joined CALAMOS ADVISORS in 2000 and has been a Sr.Co-Portfolio Manager since September 2015, Co-Head of Research since August 2013. Previously, he was a Co-Portfolio Manager from August 2013 to September 2015. Previously, he was a Co-Head of Research and Investments from July 2010 to August 2013. Prior thereto he was a senior strategy analyst between July 2002 and July 2010. Jon Vacko is a Senior Vice President and Co-Portfolio Manager on the Calamos Growth/Fixed Income Team. He is currently responsible for portfolio management and research. He is also a member of the Investment Committee. Prior to joining Calamos, Mr. Vacko was a credit analyst with Duff & Phelps Credit Rating (now part of Fitch Ratings) in the Financial Institutions Group. Previously, he served as an Examiner with the Federal Reserve Bank of Chicago. Mr. Vacko is also a CFA charterholder and a member of the CFA Institute.

John Hillenbrand


Start Date

Tenure

Tenure Rank

Mar 01, 2004

16.01

16.0%

John Hillenbrand joined CALAMOS ADVISORS in 2002 and since September 2015 is a Co-CIO, Head of Multi-Asset Strategies and Co-Head of Convertible Strategies, as well as a Senior Co-Portfolio Manager. From March 2013 to September 2015 he was a Co-Portfolio Manager. Between August 2002 and March 2013 he was a senior strategy analyst. 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 M.B.A. 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

Aug 05, 2013

6.57

6.6%

Eli Pars joined CALAMOS ADVISORS in May 2013 and has been Co-CIO, Head of Alternative Strategies and Co-Head of Convertible Strategies, as well as a Senior Co-Portfolio Manager, since September 2015. Between May 2013 and September 2015, he was a Co-Portfolio Manager. Previously, he was a Portfolio Manager at Chicago Fundamental Investment Partners from February 2009 until November 2012. 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

5.0

5.0%

Joseph Wysocki is a Vice President and Co-Portfolio Manager on the Calamos Growth/Fixed Income Team. In this role, he is one of the Investment Team members responsible for analysis and research, primarily within the Technology sector. Mr. Wysocki began his career at Calamos as an analyst on the Investment Team. He has progressed through a series of promotions and additional responsibilities in the Investment Department, ultimately being promoted to his current role. Prior to joining Calamos, he worked on the fixed income team at Strong Capital Management. Mr. Wysocki is a CFA charterholder and a member of the CFA Institute.

R. Freund


Start Date

Tenure

Tenure Rank

Nov 30, 2016

3.25

3.3%

R. Matthew Freund. R. Matthew Freund joined CALAMOS ADVISORS in November 2016 as a Co-CIO, Head of Fixed Income Strategies, as well as a Senior Co-Portfolio Manager. Previously, he was SVP of Investment Portfolio Management and Chief Investment Officer at USAA Investments since 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 39.19 6.81 0.16