Calamos Convertible Opp Inc:CHI

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$14.99$15.00-0.07%
    52 Wk Avg$12.92$13.98-7.83%
    52 Wk High$15.39$16.132.38%
    52 Wk Low$10.00$11.24-13.39%
    Regular Distribution TypeIncome Only
    Distribution Rate7.61%
    Distribution Amount$0.0950
    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 6/11/2021

    Total Investment Exposure:$1,451.666M
    Total Common Assets:$1,063.857M
    Common Shares Outstanding:70,923,815
    Leverage

    As of 6/11/2021

    Preferred Share Assets: $99.409M
    Total Debt (USD): $288.400M
    Regulatory Leverage (USD): $387.809M
    Effective Leverage (USD): $387.809M
    Effective Leverage (%): 26.71%
    Annual Expense Ratios

    As of 10/31/2020

      Per Common Share
    Management Fees0.80%
    Other Expenses:0.77%
    Baseline Expense: N/A
    Interest Expense:0.63%
    Total: 2.20%
    Fund Management

    Fund Sponsor
    Calamos Asset Management Inc

    Portfolio Managers
    John P. Calamos, Matt Freund

    Basics
    Category: Fixed Income - Taxable-Convertibles
    Ticker: CHI
    NAV Ticker: XCHIX
    Average Daily Volume (shares): 241,302
    Average Daily Volume (USD): $3.145M
    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 6/11/2021

    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 10/31/2020
    $0.2513
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    7.60%
    Total Return on NAV (12 months):
    As of 6/11/2021
    47.42%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    2.77%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    26.71%

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-5.35%
    1 Year-7.83%
    3 Year-3.64%
    5 Year-2.69%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month0.78
    6 Month1.35
    1 Year2.01
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Convertibles

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD13.02%2.93%11.77%2.85%
    202034.66%45.78%25.59%32.33%
    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%  
    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 5/31/2021
    Category: Morningstar US CEF Convertibles

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    2.77%
    Number of Holdings:
    As of 4/30/2021
    614
    Annual Portfolio Turnover:
    As of 10/31/2020
    76.00%
    Average Bond Price:
    As of 4/30/2021
    $113.82
    Asset Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)93.77%
    Convertible61.81%
    Corporate Bond22.26%
    Preferred Stock6.90%
    Bank Loan2.81%
    Defensive (Super Sector)2.70%
    Utilities2.70%
    Sensitive (Super Sector)1.03%
    Cash Equivalents (Super Sector)0.93%
    Cash Equivalents0.93%
    Top Holdings

    As of 4/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Tesla Inc 2%$49.59M3.13%
    Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A$22.26M1.40%
    Microchip Technology Incorporated 0.12%$21.48M1.35%
    Royal Caribbean Group 4.25%$21.47M1.35%
    UBER TECHNOLOGIES INC 0.01%$20.98M1.32%
    Insulet Corporation 0.38%$19.47M1.23%
    Shift4 Payments Inc 0.01%$19.36M1.22%
    Southwest Airlines Co. 1.25%$17.39M1.10%
    Splunk Inc 1.12%$16.62M1.05%
    Etsy Inc 0.12%$16.60M1.05%
    Maturity Breakdown

    As of 4/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income20.70%
    United States - Equity3.82%
    Canada - Fixed Income0.74%
    Israel - Fixed Income0.41%
    Ireland - Fixed Income0.22%
    United Kingdom - Fixed Income0.14%
    Others - Fixed Income0.13%
    Brazil - Fixed Income0.12%
    Germany - Fixed Income0.06%
    Netherlands - Fixed Income0.06%
    Italy - Fixed Income0.05%
    China - Fixed Income0.04%
    Canada - Equity0.01%
    Greece - Equity0.00%
    Others - 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-1456789PR-Y1220W