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
| ISIN | US1281196667 |
|---|---|
| CUSIP | 128119666 |
| Issuer | Calamos |
| Inception Date | Jan 2, 2002 |
| Category | Large Cap Blend Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
CVAAX has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Calamos Select 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 Select Fund had a return of 10.87% year-to-date (YTD) and 28.21% in the last 12 months. Over the past 10 years, Calamos Select Fund had an annualized return of 9.74%, while the S&P 500 had an annualized return of 10.84%, indicating that Calamos Select Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.87% | 10.00% |
| 1 month | 2.72% | 2.41% |
| 6 months | 17.58% | 16.70% |
| 1 year | 28.21% | 26.85% |
| 5 years (annualized) | 13.21% | 12.81% |
| 10 years (annualized) | 9.74% | 10.84% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.28% | 5.63% | 2.26% | -3.44% | 10.87% | ||||||||
| 2023 | 5.67% | -2.87% | 3.60% | 2.23% | 1.09% | 6.00% | 2.78% | -1.49% | -4.98% | -1.29% | 9.60% | 4.32% | 26.48% |
| 2022 | -5.78% | -2.38% | 3.63% | -9.02% | -1.14% | -7.05% | 8.96% | -3.30% | -8.63% | 7.74% | 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% | 7.22% | 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% | 25.89% |
| 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% | 1.17% | 17.12% |
| 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% | 2.18% |
| 2013 | 4.87% | 1.34% | 4.35% | 1.19% | 3.31% | -2.49% | 4.60% | -0.98% | 4.09% | 3.05% | 2.04% | 2.63% | 31.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CVAAX is 89, placing it in the top 11% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
CVAAX (Calamos Select Fund)
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.
Dividends
Dividend History
Calamos Select Fund granted a 3.74% dividend yield in the last twelve months. The annual payout for that period amounted to $0.76 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.76 | $0.41 | $1.50 | $0.81 | $0.09 | $2.26 | $0.52 | $0.10 | $1.07 | $1.12 | $1.25 |
Dividend yield | 3.74% | 4.15% | 2.73% | 7.84% | 4.85% | 0.60% | 18.86% | 3.39% | 0.71% | 8.80% | 8.13% | 8.55% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $1.12 |
| 2013 | $1.25 | $1.25 |
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 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.
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 |
| -28.96% | 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 |
| -18.58% | Sep 24, 2018 | 64 | Dec 24, 2018 | 130 | Jul 2, 2019 | 194 |
Volatility
Volatility Chart
The current Calamos Select Fund volatility is 3.49%, 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.