Calamos Convertible Opportunities and Income Fund

Frequently Asked Questions About CHI

What does CHI invest in?

Calamos Convertible Opportunities and Income Fund is a closed ended fixed income mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of convertible securities and high yield corporate bonds rated Ba or lower by Moody’s or BB or lower by Standard & Poor’s. The fund employs both fundamental and quantitative analysis with a focus on such factors as financial soundness, ability to make interest and dividend payments, earnings and cash-flow forecast, and quality of management to create its portfolio. Calamos Convertible Opportunities and Income Fund was formed on April 17, 2002 and is domiciled in the United States.

What is the expense ratio of CHI?

Calamos Convertible Opportunities and Income Fund (CHI) charges an expense ratio of 3.98%. This is the annual fee deducted from fund assets to cover management and operations.

What is CHI's dividend yield?

CHI's trailing-twelve-month yield is 10.13%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CHI?

Effective duration measures CHI's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CHI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CHI?

CHI's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CHI?

Yield to maturity (YTM) is the total return you'd earn from CHI if every bond in the portfolio is held to maturity at the current price. CHI's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.