2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
U.S. News evaluated 18 Convertibles Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 18.81 percent over the past year, 5.57 percent over the past three years, 13.16 percent over the past five years, and 5.00 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||3.4%|
|3 Years (Annualized)||5.6%|
|5 Years (Annualized)||13.2%|
|10 Years (Annualized)||5.0%|
The investment seeks current income, with growth as its secondary objective. The fund invests mainly in a diversified portfolio of convertible securities issued by both U.S. and foreign companies without regard to market capitalization. It invests at least 80% of its net assets (plus any borrowings) in convertible securities. The average term to maturity of the convertible securities purchased by the fund will typically range from two to ten years. The fund may invest up to 25% of its net assets in foreign securities, but generally will invest approximately 5% to 15% of net assets in foreign securities.
Fees are Low compared to funds in the same category.
Calamos Convertible Fund has an expense ratio of 1.86 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.