Calamos Dynamic Convertible and Income Fund

Frequently Asked Questions About CCD

What does CCD invest in?

The Calamos Dynamic Convertible and Income Fund (CCD) operates as a closed-end mutual fund, with its primary focus on the fixed-income sector. Established by Calamos Investments LLC, its daily operations are overseen by Calamos Advisors LLC. The fund primarily seeks investment opportunities within the U.S. fixed-income landscape. Its core portfolio is diversified across various asset classes, including convertible securities, investment-grade and high-yield bonds, loans, equity-linked notes, and floating-rate instruments. Furthermore, it incorporates derivatives, such as options, into its strategy. Portfolio construction is driven by a combination of fundamental analysis and a top-down global macroeconomic outlook. This U.S.-domiciled fund commenced operations on March 11, 2014.

What is the expense ratio of CCD?

Calamos Dynamic Convertible and Income Fund (CCD) charges an expense ratio of 4.26%. This is the annual fee deducted from fund assets to cover management and operations.

What is CCD's dividend yield?

CCD's trailing-twelve-month yield is 9.57%, calculated from the sum of dividends over the past year divided by the current price.

How big is CCD?

Calamos Dynamic Convertible and Income Fund (CCD) manages $688.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CCD actively managed or an index fund?

CCD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was CCD launched?

Calamos Dynamic Convertible and Income Fund (CCD) launched in March 2015 and is managed by the fund issuer.