Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
14.5%
1 yr return
15.3%
3 Yr Avg Return
5.9%
5 Yr Avg Return
7.8%
Net Assets
$697 M
Holdings in Top 10
36.5%
Expense Ratio 1.17%
Front Load 4.75%
Deferred Load N/A
Turnover 39.00%
Redemption Fee N/A
Standard (Taxable)
$2,500
IRA
$500
Fund Type
Open End Mutual Fund
Name
As of 12/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund seeks to achieve total return with lower volatility than equity markets. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities and securities with economic characteristics similar to stock or the equity markets. The Fund invests in a broadly diversified portfolio of equity securities while also writing (selling) index call and put options and/or entering into other options strategies on equity securities and/or broad based indices. The Fund may write call options (i) on a portion of the equity securities in the Fund's portfolio and (ii) on broad- based securities indexes (such as the S&P 500 or MSCI EAFE) or ETFs (exchange traded funds).
In addition, to seek to offset some of the risk of a potential decline in value of certain long positions, the Fund may also purchase put options on individual securities, broad-based securities indexes (such as the S&P 500), or ETFs. The Fund may also engage in active and frequent trading of portfolio securities.
Equity securities purchased by the Fund may include U.S. exchange-listed common stocks, options on equities, and American Depositary Receipts (ADRs). The Fund may also invest in fixed-income securities. The Fund may also invest in ETFs.
The Fund may use derivatives for hedging (attempting to reduce risk by offsetting one investment position with another) or non-hedging purposes. In particular, the Fund may hedge some or all of the currency exposure of foreign securities by entering into forward foreign currency contracts, futures or other derivatives.
The Fund's investment adviser seeks to lower the risks of investing in stocks by using a "top-down approach" of diversification by company, industry, sector, country and currency and focusing on macro-level investment themes. The Fund intends that its option-based risk management strategy will reduce the volatility inherent in investments in equity securities over time.
Period | CAHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.5% | -2.8% | 240.8% | 43.08% |
1 Yr | 15.3% | -4.3% | 140.6% | 62.17% |
3 Yr | 5.9%* | -8.3% | 18.3% | 52.56% |
5 Yr | 7.8%* | -5.0% | 17.3% | 42.37% |
10 Yr | N/A* | -4.6% | 13.2% | N/A |
* Annualized
Period | CAHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.0% | -34.1% | 904.0% | 26.58% |
2022 | -11.8% | -28.6% | 438.4% | 31.21% |
2021 | 12.7% | -93.5% | 8.2% | 8.97% |
2020 | 8.4% | -38.9% | 19.8% | 44.96% |
2019 | 13.3% | -10.9% | 12.8% | 29.13% |
Period | CAHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.5% | -2.7% | 244.0% | 44.27% |
1 Yr | 15.3% | -4.3% | 140.6% | 76.52% |
3 Yr | 5.9%* | -8.3% | 18.3% | 67.31% |
5 Yr | 7.8%* | -5.4% | 17.3% | 53.39% |
10 Yr | N/A* | -4.6% | 13.2% | N/A |
* Annualized
Period | CAHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.6% | -34.1% | 904.0% | 26.58% |
2022 | -11.3% | -5.9% | 438.4% | 31.79% |
2021 | 13.0% | -81.2% | 8.2% | 11.03% |
2020 | 9.3% | -29.0% | 19.8% | 58.91% |
2019 | 14.2% | -10.9% | 12.8% | 42.72% |
CAHEX | Category Low | Category High | CAHEX % Rank | |
---|---|---|---|---|
Net Assets | 697 M | 25 | 17.4 B | 16.48% |
Number of Holdings | 265 | 2 | 508 | 9.92% |
Net Assets in Top 10 | 255 M | -6.66 M | 5.12 B | 34.35% |
Weighting of Top 10 | 36.55% | 11.3% | 100.0% | 54.00% |
Weighting | Return Low | Return High | CAHEX % Rank | |
---|---|---|---|---|
Stocks | 99.68% | -3.92% | 100.76% | 50.76% |
Convertible Bonds | 1.33% | 0.00% | 20.91% | 4.58% |
Cash | 0.60% | -0.76% | 100.29% | 70.23% |
Preferred Stocks | 0.00% | 0.00% | 3.08% | 94.66% |
Bonds | 0.00% | 0.00% | 97.96% | 95.42% |
Other | -0.28% | 0.00% | 45.92% | 95.42% |
Weighting | Return Low | Return High | CAHEX % Rank | |
---|---|---|---|---|
Technology | 24.63% | 0.00% | 44.43% | 31.93% |
Healthcare | 14.61% | 0.00% | 25.91% | 73.53% |
Financial Services | 13.62% | 0.00% | 29.60% | 23.53% |
Consumer Cyclical | 10.14% | 0.00% | 19.02% | 73.53% |
Industrials | 8.93% | 1.41% | 43.91% | 57.56% |
Communication Services | 8.63% | 0.00% | 21.22% | 17.65% |
Consumer Defense | 7.48% | 0.00% | 22.87% | 69.33% |
Energy | 4.27% | 0.00% | 69.54% | 23.11% |
Utilities | 2.76% | 0.00% | 13.35% | 76.89% |
Real Estate | 2.63% | 0.00% | 9.74% | 77.31% |
Basic Materials | 2.30% | 0.00% | 60.58% | 78.57% |
Weighting | Return Low | Return High | CAHEX % Rank | |
---|---|---|---|---|
US | 99.68% | -3.89% | 100.00% | 39.69% |
Non US | 0.00% | -2.17% | 99.33% | 71.37% |
CAHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.17% | 0.20% | 6.78% | 44.03% |
Management Fee | 0.74% | 0.20% | 1.75% | 29.10% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 83.91% |
Administrative Fee | N/A | 0.02% | 0.28% | N/A |
CAHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.75% | 4.75% | 5.75% | 100.00% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
CAHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
CAHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 39.00% | 0.00% | 456.80% | 64.29% |
CAHEX | Category Low | Category High | CAHEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.12% | 0.00% | 3.76% | 96.28% |
CAHEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
CAHEX | Category Low | Category High | CAHEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.44% | -2.54% | 14.24% | 39.34% |
CAHEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 16, 2024 | $0.005 | OrdinaryDividend |
Dec 21, 2023 | $0.051 | OrdinaryDividend |
Sep 15, 2023 | $0.017 | OrdinaryDividend |
Jun 15, 2023 | $0.005 | OrdinaryDividend |
Dec 21, 2022 | $0.064 | OrdinaryDividend |
Sep 15, 2022 | $0.014 | OrdinaryDividend |
Dec 20, 2021 | $0.028 | OrdinaryDividend |
Sep 15, 2021 | $0.011 | OrdinaryDividend |
Jun 16, 2021 | $0.002 | OrdinaryDividend |
Dec 22, 2020 | $0.054 | OrdinaryDividend |
Sep 17, 2020 | $0.024 | OrdinaryDividend |
Jun 18, 2020 | $0.018 | OrdinaryDividend |
Mar 19, 2020 | $0.010 | OrdinaryDividend |
Dec 18, 2019 | $0.048 | OrdinaryDividend |
Sep 12, 2019 | $0.030 | OrdinaryDividend |
Jun 13, 2019 | $0.007 | OrdinaryDividend |
Mar 14, 2019 | $0.009 | OrdinaryDividend |
Dec 20, 2018 | $0.002 | OrdinaryDividend |
Dec 20, 2018 | $0.253 | CapitalGainLongTerm |
Sep 13, 2018 | $0.014 | OrdinaryDividend |
Jun 14, 2018 | $0.013 | OrdinaryDividend |
Mar 15, 2018 | $0.014 | OrdinaryDividend |
Dec 14, 2017 | $0.019 | OrdinaryDividend |
Sep 14, 2017 | $0.012 | OrdinaryDividend |
Jun 15, 2017 | $0.000 | OrdinaryDividend |
Mar 16, 2017 | $0.006 | OrdinaryDividend |
Dec 15, 2016 | $0.038 | OrdinaryDividend |
Sep 15, 2016 | $0.022 | OrdinaryDividend |
Jun 16, 2016 | $0.019 | OrdinaryDividend |
Mar 17, 2016 | $0.030 | OrdinaryDividend |
Dec 17, 2015 | $0.084 | OrdinaryDividend |
Dec 17, 2015 | $0.087 | CapitalGainLongTerm |
Sep 17, 2015 | $0.033 | OrdinaryDividend |
Jun 18, 2015 | $0.033 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Dec 31, 2014
7.42
7.4%
Jason Hill is a Vice President and Co-Portfolio Manager within the Alternatives Team. He has research and analysis responsibilities, primarily focusing on market neutral strategies and option analysis. Between August 2013 and June 2014, he was a Senior Strategy Analyst. Mr. Hill began his career at Calamos as a Portfolio Administrator in March 2004. He has progressed through a series of promotions and additional responsibilities in the Investment Department, ultimately being promoted to his current role. While at Calamos, Mr. Hill has focused on select areas, including the market neutral income strategy. Prior to joining Calamos, Mr. Hill held positions as both a Research and Risk Analyst at HFR Management, LLC. BA in Finance, North Central College. MS in Finance, DePaul University.
Start Date
Tenure
Tenure Rank
Dec 31, 2014
7.42
7.4%
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.
Start Date
Tenure
Tenure Rank
Dec 31, 2014
7.42
7.4%
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.
Start Date
Tenure
Tenure Rank
Sep 01, 2015
6.75
6.8%
David O’Donohue joined CALAMOS ADVISORS in August 2014 and has been a Co-Portfolio Manager since September 2015. Between March 2013 and August 2014, he was a Trader at Forty4 Asset Management LLC/Hard8 Futures LLC. Prior thereto, Mr. O’Donohue was a Portfolio Manager at Chicago Fundamental Investment Partners LLC from February 2009 to November 2012.
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Jimmy Young joined Calamos Advisors in June 2003 and has been a Co-Portfolio Manager since February 2019. Between February 2018 and February 2019, he was an Assistant Portfolio Manager. Prior thereto, he was a senior strategy analyst from September 2015 to February 2018. Between July 2013 and August 2015, he was a strategy analyst.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 19.77 | 3.61 | 5.67 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...