Calamos Convertible Fund Class A (CCVIX)

Overview

The specified fund is a financial entity that primarily focuses on investing in a wide range of convertible securities from various issuers, both within the United States and internationally. This investment approach is not limited by the market capitalization of the companies issuing these securities. Convertible securities are financial instruments that can be converted into a predetermined number of the issuer's shares, usually at the option of the holder. This type of investment allows for a balance of risk and potential return, appealing to investors looking for growth opportunities and income generation with a degree of capital protection. The fund's strategy includes committing at least 80% of its net assets, in addition to any funds borrowed for investment purposes, into convertible securities to maintain its primary investment focus. A portion of its assets is allocated to foreign securities to diversify and potentially enhance the portfolio's return, with a general allocation of 5% to 15% in foreign securities but allowing for up to 25% under certain conditions. This strategic allocation is intended to optimize returns while managing risks associated with foreign investments.

Products and Services

• Convertible Securities Investments

  The fund's core service is investing in convertible securities, which are bonds or preferred shares that can be converted into a predetermined number of common stock or equity shares. This unique feature allows investors to benefit from the potential upside of equity ownership while also enjoying the income and relative safety of fixed-income securities. Convertible securities represent a significant portion of the portfolio, following the fund's strategy to invest at least 80% of its net assets in these instruments.

• Foreign Securities Investments

  To diversify its investment portfolio and possibly enhance returns, the fund allocates a certain percentage of its assets to foreign securities. Generally, this allocation ranges between 5% and 15%, with the possibility of extending up to 25% of its net assets. This approach allows the fund to partake in global investment opportunities, mitigating risks through geographical diversification and potentially benefiting from the growth in foreign markets.