Calamos Strategic Total Return Fund

Frequently Asked Questions About CSQ

What does CSQ invest in?

The Calamos Strategic Total Return Fund functions as a closed-end balanced mutual fund, originally launched by Calamos Investments LLC and currently managed by Calamos Advisors LLC. This fund primarily allocates capital within the public equity and fixed income markets of the United States, targeting investments in companies operating across a wide range of sectors. Its portfolio predominantly features common and preferred stocks from businesses of all market capitalizations, alongside convertible securities and high-yield corporate bonds, which typically maintain an average S&P credit rating of BB. To construct its investment holdings, the fund utilizes a comprehensive analytical framework, integrating both fundamental and quantitative methods, coupled with a blend of bottom-up and top-down security selection strategies. Established on December 31, 2003, the fund is legally domiciled in the United States.

What is the expense ratio of CSQ?

Calamos Strategic Total Return Fund (CSQ) charges an expense ratio of 3.69%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CSQ?

Calamos Strategic Total Return Fund (CSQ) has a market value of $3.22B: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is CSQ actively managed or an index fund?

CSQ is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (CSQ's is 3.69%) in exchange for the discretion to over- or under-weight positions.

When was CSQ launched?

Calamos Strategic Total Return Fund (CSQ) launched in April 2004 and is managed by Calamos.

How has CSQ performed?

CSQ's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.