# Calamos Convertible Opportunities and Income Fund (CHI): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/chi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Calamos · Asset class: Bond - Strategy: Actively Managed · Inception: 2002-06-27 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 foreca... ## Key Facts | Metric | Value | |---|---| | Price | $11.25 | | Expense Ratio | 3.98% | | Market Value | $909.8M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 10.13% | | Annual Distribution (TTM) | $1.14 /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.26 – $13.50 | | Beta | 1.14 | ## Latest Distribution - Amount: $0.0950 /share - Ex-date: 2026-10-14 - Pay date: 2026-10-21 ## Frequently Asked Questions ### 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. ### Does CHI pay a dividend? Yes, Calamos Convertible Opportunities and Income Fund (CHI) distributes dividends to shareholders. The trailing-twelve-month yield is 10.13%. Full dividend history is on this page. ### How often does CHI pay dividends? Calamos Convertible Opportunities 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 CHI's next ex-dividend date? The most recently announced ex-dividend date for CHI 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 CHI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 3.98% 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 CHI charge its expense ratio? The expense ratio is deducted in tiny daily slices from CHI'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 CHI cost more than a fund like VOO? CHI is actively managed (current expense ratio 3.98%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether CHI's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to CHI? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as CHI (3.98%) 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/chi - Distribution history: https://www.dividenddata.com/funds/chi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/chi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/chi/expenses - Peer comparison: https://www.dividenddata.com/funds/chi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.