Calamos Dynamic Convertible and Income:CCD

    Manage Alerts

    Overview

    As of 12/7/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$30.21$60.96-50.44%
    52 Wk Avg$31.23$61.96-49.59%
    52 Wk High$34.00$66.82-44.32%
    52 Wk Low$27.16$57.10-55.09%
    Regular Distribution TypeIncome Only
    Distribution Rate7.75%
    Distribution Amount$0.1950
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund will invest primarily in a portfolio of convertible securities (including synthetic convertibles, which are single instruments, or multiple instruments held in concert, that are composed of two or more securities with investment characteristics that, when taken together, resemble those of traditional convertible securities) and debt and equity income-producing securities, as well as other investments that generate current income and dividends, including but not limited to common and preferred stocks, investment grade and below investment grade (high-yield or “junk”) bonds, loans, equity-linked notes, and floating rate securities.

    Capital Structure

    As of 12/7/2021

    Total Investment Exposure:$1,080.266M
    Total Common Assets:$746.592M
    Common Shares Outstanding:12,247,245
    Leverage

    As of 12/7/2021

    Preferred Share Assets: $63.674M
    Total Debt (USD): $270.000M
    Regulatory Leverage (USD): $333.674M
    Effective Leverage (USD): $333.674M
    Effective Leverage (%): 30.89%
    Annual Expense Ratios

    As of 10/31/2021

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.86%
    Baseline Expense: N/A
    Interest Expense:0.64%
    Total: 2.50%
    Fund Management

    Fund Sponsor
    Calamos Asset Management Inc

    Portfolio Managers
    Jon Vacko, John Hillenbrand, Eli Pars, John P. Calamos, Matt Freund

    Basics
    Category: Fixed Income - Taxable-Convertibles
    Ticker: CCD
    NAV Ticker:
    Average Daily Volume (shares): 72,872
    Average Daily Volume (USD): $2.270M
    Inception Date: 3/26/2015
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: Yes
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 12/7/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 4/30/2021
    $0.7543
    Annualized Distribution Rate on NAV:
    As of 12/7/2021
    3.84%
    Total Return on NAV (12 months):
    As of 12/7/2021
    13.10%
    Avg. Portfolio Coupon:
    As of 12/7/2021
    1.74%
    Total % Portfolio Effectively Leveraged:
    As of 12/7/2021
    30.89%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/8/2021

    PeriodAvg Discount
    6 Month-49.21%
    1 Year-49.59%
    3 Year-50.78%
    5 Year-50.91%
    Z-Score

    As of 12/7/2021

    PeriodZStat
    3 Month-1.88
    6 Month-1.82
    1 Year-0.39
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/30/2021
    Category: Morningstar US CEF Convertibles

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD22.06%6.52%11.29%4.69%
    202058.65%58.03%25.59%32.33%
    201942.46%28.95%33.46%25.30%
    2018-9.53%-3.85%-10.90%-6.14%
    201726.59%16.60%18.81%12.46%
    20168.68%4.91%17.56%11.29%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 11/30/2021
    Category: Morningstar US CEF Convertibles

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 12/7/2021
    1.74%
    Number of Holdings:
    As of 9/30/2021
    610
    Annual Portfolio Turnover:
    As of 10/31/2021
    85.00%
    Asset Allocation

    As of 9/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)90.26%
    Convertible72.43%
    Corporate Bond8.61%
    Preferred Stock7.99%
    Cash Equivalents (Super Sector)4.65%
    Cash Equivalents4.65%
    Defensive (Super Sector)3.28%
    Utilities3.26%
    Bank Loan1.22%
    Sensitive (Super Sector)0.83%
    Top Holdings

    As of 9/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Tesla Inc 2%$48.42M4.34%
    Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A$20.87M1.87%
    Royal Caribbean Group 4.25%$19.03M1.71%
    Insulet Corporation 0.375%$17.13M1.54%
    Danaher Corp PRF CONVERT 15/04/2022 USD - Ser A$16.39M1.47%
    Snap Inc 0.75%$16.32M1.46%
    Microchip Technology Incorporated 0.125%$14.86M1.33%
    Etsy Inc 0.125%$14.82M1.33%
    DexCom Inc 0.25%$14.59M1.31%
    Repligen Corporation 0.375%$14.55M1.30%
    Credit Quality

    As of 9/30/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 9/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 9/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income8.07%
    United States - Equity4.17%
    Canada - Fixed Income0.23%
    Ireland - Fixed Income0.11%
    Israel - Fixed Income0.10%
    United Kingdom - Fixed Income0.08%
    Others - Fixed Income0.06%
    Netherlands - Fixed Income0.05%
    France - Fixed Income0.03%
    Italy - Fixed Income0.02%
    Germany - Fixed Income0.02%
    Mexico - Fixed Income0.01%
    Canada - Equity0.00%
    China - Equity0.00%
    Brazil - Equity0.00%
    Netherlands - Equity0.00%
    Israel - Equity0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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