Calamos Convertible Fund (CCVIX)
The investment's primary goal is current income, with growth as a secondary focus. The fund primarily invests in diverse convertible securities from U.S. and global companies. At least 80% of its assets are in convertible securities, with 5-15% typically invested in foreign securities.
Fund Info
ISIN | US1281194019 |
---|---|
CUSIP | 128119401 |
Issuer | Calamos |
Inception Date | Jun 21, 1985 |
Category | Preferred Stock/Convertible Bonds |
Min. Investment | $2,500 |
Asset Class | Bond |
Expense Ratio
CCVIX has a high expense ratio of 1.10%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: CCVIX vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Calamos Convertible Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Calamos Convertible Fund had a return of 1.52% year-to-date (YTD) and 9.96% in the last 12 months. Over the past 10 years, Calamos Convertible Fund had an annualized return of 7.12%, while the S&P 500 had an annualized return of 10.84%, indicating that Calamos Convertible Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 1.52% | 10.00% |
1 month | 1.15% | 2.41% |
6 months | 8.70% | 16.70% |
1 year | 9.96% | 26.85% |
5 years (annualized) | 8.39% | 12.81% |
10 years (annualized) | 7.12% | 10.84% |
Monthly Returns
The table below presents the monthly returns of CCVIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.90% | 1.26% | 2.16% | -2.84% | 1.52% | ||||||||
2023 | 4.68% | -1.92% | 0.47% | -1.74% | 0.48% | 5.18% | 2.80% | -3.17% | -2.30% | -4.72% | 5.94% | 5.19% | 10.61% |
2022 | -7.53% | -0.51% | 0.65% | -7.22% | -3.47% | -6.69% | 6.11% | -0.10% | -6.60% | 3.17% | 2.64% | -3.07% | -21.36% |
2021 | 0.91% | 4.09% | -3.41% | 2.60% | -1.85% | 1.89% | -0.38% | 1.75% | -1.23% | 2.87% | -2.64% | 0.90% | 5.30% |
2020 | 2.41% | -3.53% | -11.20% | 13.27% | 9.23% | 5.28% | 6.44% | 6.05% | -2.09% | -0.87% | 12.34% | 5.57% | 48.51% |
2019 | 6.13% | 2.86% | -0.49% | 2.68% | -3.31% | 4.07% | 2.08% | -1.47% | -0.80% | 1.28% | 2.98% | 2.04% | 19.18% |
2018 | 2.94% | -0.55% | 0.28% | 0.05% | 2.82% | 0.59% | 0.00% | 3.65% | -0.66% | -5.28% | 1.16% | -4.23% | 0.38% |
2017 | 2.73% | 1.45% | 1.11% | 1.24% | 1.23% | 0.86% | 1.32% | 0.45% | 1.03% | 2.24% | 0.05% | -0.23% | 14.33% |
2016 | -6.87% | -0.74% | 4.55% | 0.92% | 2.20% | -0.90% | 4.38% | 0.19% | 1.34% | -2.27% | 1.57% | 0.48% | 4.41% |
2015 | -1.31% | 3.76% | -1.05% | 0.68% | 2.08% | -2.52% | 0.17% | -3.88% | -3.78% | 3.24% | 0.18% | -1.14% | -3.83% |
2014 | -0.67% | 4.27% | -1.85% | -0.55% | 1.95% | 2.30% | -2.46% | 3.45% | -2.82% | 1.92% | 0.54% | -0.85% | 5.04% |
2013 | 3.29% | 0.83% | 2.46% | 1.26% | 2.54% | -2.26% | 3.55% | -1.41% | 3.25% | 2.19% | 1.46% | 1.69% | 20.34% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CCVIX is 38, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
CCVIX (Calamos Convertible Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Calamos Convertible Fund (CCVIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Calamos Convertible Fund granted a 1.86% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.38 | $0.37 | $0.11 | $3.19 | $1.67 | $0.18 | $2.24 | $0.73 | $0.46 | $1.00 | $1.26 | $1.82 |
Dividend yield | 1.86% | 1.87% | 0.60% | 13.57% | 6.56% | 1.00% | 14.47% | 4.15% | 2.84% | 6.31% | 7.19% | 10.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Convertible Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | |||||||
2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.31 | $0.37 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.10 | $0.11 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.19 | $3.19 |
2020 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $1.59 | $1.67 |
2019 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.18 |
2018 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $2.05 | $2.24 |
2017 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.58 | $0.73 |
2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.46 |
2015 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.53 | $1.00 |
2014 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.99 | $1.26 |
2013 | $1.82 | $1.82 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Calamos Convertible Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Calamos Convertible Fund was 36.56%, occurring on Nov 20, 2008. Recovery took 334 trading sessions.
The current Calamos Convertible Fund drawdown is 15.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-36.56% | Nov 1, 2007 | 267 | Nov 20, 2008 | 334 | Mar 23, 2010 | 601 |
-27.33% | Nov 9, 2021 | 234 | Oct 14, 2022 | — | — | — |
-25.73% | Feb 20, 2020 | 23 | Mar 23, 2020 | 47 | May 29, 2020 | 70 |
-22.12% | Aug 14, 1987 | 79 | Dec 4, 1987 | 422 | Aug 4, 1989 | 501 |
-18.83% | Nov 2, 1993 | 289 | Dec 22, 1994 | 177 | Sep 6, 1995 | 466 |
Volatility
Volatility Chart
The current Calamos Convertible Fund volatility is 2.07%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.