Calamos Select Fund (CVAAX)
The fund invests primarily in U.S. equity securities. Its portfolio may include securities of well-established companies with large market capitalizations as well as small, unseasoned companies. The fund's investment adviser generally defines a large cap company to have a market capitalization in excess of $25 billion and a mid-sized company to have a market capitalization greater than $1 billion, up to $25 billion. Generally, a small cap company is defined by the investment adviser as having a market capitalization of up to $1 billion. It may invest up to 25% of its net assets in foreign securities.
Fund Info
US1281196667
128119666
Jan 2, 2002
$2,500
Large-Cap
Blend
Expense Ratio
CVAAX has a high expense ratio of 1.15%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Calamos Select Fund (CVAAX) returned 1.41% year-to-date (YTD) and 13.33% over the past 12 months. Over the past 10 years, CVAAX had an annualized return of 10.45%, just below the S&P 500 benchmark at 10.85%.
CVAAX
1.41%
6.69%
-0.89%
13.33%
14.65%
15.04%
10.45%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of CVAAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.15% | -1.10% | -7.11% | 0.30% | 6.69% | 1.41% | |||||||
| 2024 | 2.28% | 5.63% | 2.26% | -3.44% | 4.64% | 5.01% | -0.93% | 2.11% | 1.70% | -0.95% | 6.28% | -2.27% | 24.08% |
| 2023 | 5.67% | -2.87% | 3.60% | 2.23% | 1.09% | 6.00% | 2.77% | -1.49% | -4.98% | -1.29% | 9.60% | 4.32% | 26.47% |
| 2022 | -5.78% | -2.38% | 3.63% | -9.02% | -1.14% | -7.05% | 8.96% | -3.30% | -8.63% | 7.75% | 4.73% | -6.23% | -18.83% |
| 2021 | -1.56% | 3.97% | 2.59% | 6.25% | 0.05% | 2.97% | 2.30% | 2.71% | -4.68% | 7.06% | -1.95% | 3.28% | 24.78% |
| 2020 | -1.20% | -8.44% | -14.90% | 12.74% | 7.23% | 1.36% | 5.73% | 7.22% | -4.18% | -2.80% | 11.52% | 4.73% | 16.33% |
| 2019 | 7.26% | 2.72% | 0.76% | 3.46% | -6.76% | 7.09% | 1.82% | -1.79% | 1.89% | 1.50% | 2.96% | 3.08% | 25.88% |
| 2018 | 4.51% | -3.75% | -2.27% | 0.93% | 1.78% | -0.78% | 3.26% | 2.84% | 0.43% | -5.99% | 2.34% | -9.51% | -6.97% |
| 2017 | 0.00% | 3.48% | -1.22% | 0.43% | 1.08% | 0.71% | 1.91% | 0.56% | 2.35% | 2.70% | 2.83% | 1.18% | 17.13% |
| 2016 | -5.41% | -0.61% | 6.45% | 1.47% | 0.97% | -0.16% | 2.40% | 0.70% | -0.47% | -1.72% | 5.40% | 2.45% | 11.52% |
| 2015 | -3.76% | 4.96% | -1.43% | 1.09% | 1.15% | -1.92% | 0.65% | -6.04% | -2.60% | 7.00% | 0.15% | -2.72% | -4.13% |
| 2014 | -4.16% | 4.20% | 0.41% | -0.27% | 0.20% | 2.72% | -0.99% | 3.41% | -3.11% | 0.67% | -0.13% | -0.46% | 2.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CVAAX is 49, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Calamos Select Fund (CVAAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Calamos Select Fund provided a 7.45% dividend yield over the last twelve months, with an annual payout of $1.61 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.61 | $1.61 | $0.76 | $0.41 | $1.50 | $0.81 | $0.09 | $2.26 | $0.52 | $0.10 | $1.07 | $1.13 |
Dividend yield | 7.45% | 7.56% | 4.15% | 2.73% | 7.84% | 4.84% | 0.60% | 18.86% | 3.39% | 0.71% | 8.80% | 8.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Select 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.61 | $1.61 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $1.50 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.81 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.26 | $2.26 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.07 | $1.07 |
| 2014 | $1.13 | $1.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Calamos Select 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 Select Fund was 55.70%, occurring on Mar 9, 2009. Recovery took 1010 trading sessions.
The current Calamos Select Fund drawdown is 4.05%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.7% | Nov 1, 2007 | 338 | Mar 9, 2009 | 1010 | Mar 14, 2013 | 1348 |
| -35.98% | Feb 20, 2020 | 23 | Mar 23, 2020 | 107 | Aug 24, 2020 | 130 |
| -28.95% | May 15, 2002 | 102 | Oct 9, 2002 | 249 | Oct 7, 2003 | 351 |
| -24.13% | Nov 9, 2021 | 233 | Oct 12, 2022 | 294 | Dec 13, 2023 | 527 |
| -19.55% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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