Calamos Convertible Opp Inc:CHI

    Manage Alerts

    Overview

    As of 7/10/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$10.87$12.00-9.42%
    52 Wk Avg$10.30$10.66-3.50%
    52 Wk High$11.82$12.011.57%
    52 Wk Low$5.41$7.51-25.86%
    Regular Distribution TypeIncome Only
    Distribution Rate8.83%
    Distribution Amount$0.0800
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Funds investment objective is to provide total return, through a combination of capital appreciation and current income. Under normal circumstances, the Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The portion of the Funds assets invested in convertible securities and non-convertible income securities will vary from time to time consistent with the Funds investment objective, changes in equity prices and changes in interest rates and other economic and market factors. However, under normal circumstances, the Fund will invest at least 50% of its managed assets in convertible securities. Managed assets means the total assets of the Fund (including any assets attributable to any leverage that may be outstanding) minus the sum of accrued liabilities (other than debt representing financial leverage). A substantial portion of the Funds assets may be invested in below investment grade (high yield, high risk) securities. The Fund invests in securities with a broad range of maturities. The average term to maturity of the Funds securities typically will range from five to ten years.

    Capital Structure

    As of 7/10/2020

    Total Investment Exposure:$1,215.813M
    Total Common Assets:$851.086M
    Common Shares Outstanding:70,923,815
    Leverage

    As of 10/31/2018

    Preferred Share Assets: $99.327M
    Total Debt (USD): $265.400M
    Regulatory Leverage (USD): $364.727M
    Effective Leverage (USD): $364.727M
    Effective Leverage (%): 30.00%
    Annual Expense Ratios

    As of 10/31/2019

      Per Common Share
    Management Fees0.80%
    Other Expenses:1.03%
    Baseline Expense: N/A
    Interest Expense:1.05%
    Total: 2.88%
    Fund Management

    Fund Sponsor
    Calamos Asset Management Inc

    Portfolio Managers
    John P. Calamos, R. Matthew Freund

    Basics
    Category: Fixed Income - Taxable-Convertibles
    Ticker: CHI
    NAV Ticker: XCHIX
    Average Daily Volume (shares): 243,417
    Average Daily Volume (USD): $2.356M
    Inception Date: 6/28/2002
    Inception Share Price: $15.00
    Inception NAV: $14.32
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 7/10/2020

    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 4/30/2020
    $0.2381
    Annualized Distribution Rate on NAV:
    As of 7/10/2020
    8.00%
    Total Return on NAV (12 months):
    As of 7/10/2020
    16.51%
    Avg. Portfolio Coupon:
    As of 7/10/2020
    3.02%
    Total % Portfolio Effectively Leveraged:
    As of 7/10/2020
    30.00%

    Pricing Information

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

    As of 7/10/2020

    PeriodAvg Discount
    6 Month-6.17%
    1 Year-3.50%
    3 Year-0.80%
    5 Year-3.17%
    Z-Score

    As of 7/10/2020

    PeriodZStat
    3 Month-1.87
    6 Month-0.88
    1 Year-1.55
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2020
    Category: Morningstar US CEF Convertibles

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD0.97%8.24%-6.05%-0.79%
    201936.00%26.30%33.46%25.30%
    2018-12.48%-4.05%-10.90%-6.14%
    201722.88%14.28%18.81%12.46%
    201614.42%9.32%17.56%11.29%
    2015-14.73%-7.02%-13.28%-6.40%
    20145.40%5.25%4.99%1.66%
    201321.47%16.76%20.17%19.89%
    201216.38%14.51%13.75%15.53%
    2011-6.20%1.82%-8.82%-5.62%
    201017.30%15.41%21.58%16.88%
    200966.55%67.78%69.46%60.23%
    2008-34.61%-39.03%-42.02%-44.40%
    2007-20.36%3.81%  
    200613.98%14.89%  
    20056.98%7.24%  
    200414.08%10.79%  
    200347.71%38.91%  
    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 6/30/2020
    Category: Morningstar US CEF Convertibles

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/10/2020
    3.02%
    Number of Holdings:
    As of 5/31/2020
    528
    Annual Portfolio Turnover:
    As of 10/31/2019
    51.00%
    Average Bond Price:
    As of 5/31/2020
    $106.58
    Asset Allocation

    As of 5/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 5/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)93.06%
    Convertible53.29%
    Corporate Bond29.11%
    Preferred Stock7.04%
    Bank Loan3.61%
    Cash Equivalents (Super Sector)3.04%
    Cash Equivalents3.04%
    Defensive (Super Sector)2.57%
    Utilities2.57%
    Sensitive (Super Sector)0.96%
    Top Holdings

    As of 5/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Tesla Inc 2%$33.09M2.91%
    Microchip Technology Incorporated 1.62%$22.38M1.97%
    Splunk Inc 0.5%$17.85M1.57%
    Broadcom Inc 8% PRF CONVERT 30/09/2022 USD 1000 Ser A$16.68M1.47%
    Inphi Corp 0.75%$16.39M1.44%
    Booking Holdings Inc 0.75%$15.16M1.33%
    Southwest Airlines Co. 1.25%$15.12M1.33%
    Carnival Corporation 5.75%$14.72M1.29%
    Insulet Corporation 0.38%$14.56M1.28%
    DexCom Inc 0.25%$13.90M1.22%
    Maturity Breakdown

    As of 5/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 5/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income25.95%
    United States - Equity3.61%
    Canada - Fixed Income0.69%
    Israel - Fixed Income0.61%
    United Kingdom - Fixed Income0.60%
    Brazil - Fixed Income0.42%
    Ireland - Fixed Income0.41%
    France - Fixed Income0.15%
    Others - Fixed Income0.13%
    Switzerland - Fixed Income0.08%
    Germany - Fixed Income0.08%
    Italy - Fixed Income0.07%
    China - Fixed Income0.04%
    Australia - Fixed Income0.02%
    Greece - 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-1014244PR-E1119W