Calamos Dynamic Convertible and Income:CCD

    Manage Alerts

    Overview

    As of 6/29/2022

     Share
    Price
    NAVPremium/
    Discount
    Current$21.53$20.584.62%
    52 Wk Avg$29.00$28.691.05%
    52 Wk High$33.80$32.865.57%
    52 Wk Low$19.97$20.06-5.26%
    Regular Distribution TypeIncome Only
    Distribution Rate10.87%
    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 6/29/2022

    Total Investment Exposure:$877.422M
    Total Common Assets:$515.866M
    Common Shares Outstanding:25,066,387
    Leverage

    As of 6/29/2022

    Preferred Share Assets: $91.556M
    Total Debt (USD): $270.000M
    Regulatory Leverage (USD): $361.556M
    Effective Leverage (USD): $361.556M
    Effective Leverage (%): 41.21%
    Annual Expense Ratios

    As of 10/31/2021

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.69%
    Baseline Expense: N/A
    Interest Expense:0.41%
    Total: 2.10%
    Fund Management

    Fund Sponsor
    Calamos Asset Management Inc

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

    Basics
    Category: Fixed Income - Taxable-Convertibles
    Ticker: CCD
    NAV Ticker: XCCDX
    Average Daily Volume (shares): 75,932
    Average Daily Volume (USD): $2.072M
    Inception Date: 3/27/2015
    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 6/29/2022

    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 4/30/2022
    -$0.2046
    Annualized Distribution Rate on NAV:
    As of 6/29/2022
    11.37%
    Total Return on NAV (12 months):
    As of 6/29/2022
    -18.67%
    Avg. Portfolio Coupon:
    As of 6/29/2022
    1.72%
    Total % Portfolio Effectively Leveraged:
    As of 6/29/2022
    41.21%

    Pricing Information

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

    As of 6/30/2022

    PeriodAvg Discount
    6 Month0.39%
    1 Year1.05%
    3 Year-1.21%
    5 Year-1.20%
    Z-Score

    As of 6/29/2022

    PeriodZStat
    3 Month1.01
    6 Month1.36
    1 Year1.54
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2022
    Category: Morningstar US CEF Convertibles

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-23.71%-22.54%-21.69%-19.12%
    202120.57%7.51%13.98%5.77%
    202045.39%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 5/31/2022
    Category: Morningstar US CEF Convertibles

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/29/2022
    1.72%
    Number of Holdings:
    As of 4/30/2022
    613
    Annual Portfolio Turnover:
    As of 10/31/2021
    48.00%
    Asset Allocation

    As of 4/30/2022

    Top Sectors

    As of 4/30/2022

    Sector%Portfolio
    Corporate (Super Sector)88.28%
    Convertible70.23%
    Corporate Bond9.44%
    Preferred Stock7.55%
    Cash Equivalents (Super Sector)6.64%
    Cash Equivalents6.64%
    Utilities3.53%
    Defensive (Super Sector)3.53%
    Bank Loan1.07%
    Government (Super Sector)0.93%
    Top Holdings

    As of 4/30/2022

    HoldingValue% Portfolio
    Tesla Inc 2%$25.04M2.61%
    Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A$23.77M2.48%
    ON Semiconductor Corp. 0.01%$17.34M1.81%
    Royal Caribbean Group 4.25%$16.67M1.74%
    Palo Alto Networks Inc 0.75%$15.87M1.65%
    Ford Motor Company 0%$15.49M1.61%
    Uber Technologies Inc 0%$14.68M1.53%
    Pioneer Natural Resources Company 0.25%$13.82M1.44%
    DexCom Inc 0.25%$12.90M1.34%
    Microchip Technology Incorporated 0.125%$12.63M1.32%
    Credit Quality

    As of 4/30/2022

    Maturity Breakdown

    As of 4/30/2022

    Country Allocation

    As of 4/30/2022

    Country% Portfolio
    United States - Fixed Income9.78%
    United States - Equity3.68%
    Canada - Fixed Income0.26%
    Israel - Fixed Income0.11%
    Ireland - Fixed Income0.10%
    Netherlands - Fixed Income0.10%
    United Kingdom - Fixed Income0.07%
    Others - Fixed Income0.06%
    France - Fixed Income0.03%
    Italy - Fixed Income0.02%
    Germany - Fixed Income0.02%
    Mexico - Fixed Income0.01%
    Canada - 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.

    EWB-2036301PR-E0222X