# Calamos Dynamic Convertible and Income Fund (CCD): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ccd for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Calamos · Asset class: Equity - Strategy: Thematic · Inception: 2015-03-27 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 s... ## Key Facts | Metric | Value | |---|---| | Price | $21.91 | | Expense Ratio | 4.26% | | Assets Under Management | $617.1M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 10.68% | | Annual Distribution (TTM) | $2.34 /share | | Distribution Frequency | Monthly | | 52-Week Range | $19.99 – $26.99 | | Beta | 0.95 | ## Latest Distribution - Amount: $0.1950 /share - Ex-date: 2026-10-14 - Pay date: 2026-10-21 ## Frequently Asked Questions ### 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 10.68%, 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 $617.1M 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 Calamos. ### Does CCD pay a dividend? Yes, Calamos Dynamic Convertible and Income Fund (CCD) distributes dividends to shareholders. The trailing-twelve-month yield is 10.68%. Full dividend history is on this page. ### How often does CCD pay dividends? Calamos Dynamic Convertible and Income Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is CCD's next ex-dividend date? The most recently announced ex-dividend date for CCD was 2026-10-14. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will CCD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 4.26% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CCD charge its expense ratio? The expense ratio is deducted in tiny daily slices from CCD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CCD cost more than a fund like VOO? CCD's strategy (current expense ratio 4.26%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where CCD sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to CCD? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as CCD (4.26%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ccd - Distribution history: https://www.dividenddata.com/funds/ccd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ccd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ccd/expenses - Peer comparison: https://www.dividenddata.com/funds/ccd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.