Calamos Convertible and High Income Fund

Frequently Asked Questions About CHY

What does CHY invest in?

The Calamos Convertible and High Income Fund operates as a closed-end investment vehicle concentrating on fixed income, originally sponsored by Calamos Investments LLC and presently managed by Calamos Advisors LLC. Its investment mandate is solely focused on the debt markets within the United States. The fund's primary strategy involves cultivating a diverse collection of convertible instruments and corporate bonds offering high yields. These target investments typically carry credit ratings of Ba or lower from Moody's, or BB or lower from Standard & Poor's. To construct its portfolio, the fund integrates both rigorous fundamental analysis and systematic quantitative modeling. This entity commenced operations on March 12, 2003, and is legally domiciled in the U.S.

What is the expense ratio of CHY?

Calamos Convertible and High Income Fund (CHY) charges an expense ratio of 4.01%. This is the annual fee deducted from fund assets to cover management and operations.

What is CHY's dividend yield?

CHY's trailing-twelve-month yield is 10.61%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CHY?

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

What is the credit quality of CHY?

CHY'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 CHY?

Yield to maturity (YTM) is the total return you'd earn from CHY if every bond in the portfolio is held to maturity at the current price. CHY'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.