Calamos Convertible Fund Institutional Class (CICVX)
| Fund Assets | 941.10M |
| Expense Ratio | 0.89% |
| Min. Investment | $1,000,000 |
| Turnover | 85.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 1.59% |
| Dividend Growth | 598.43% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 16, 2026 |
| Previous Close | 20.32 |
| YTD Return | 5.38% |
| 1-Year Return | 29.96% |
| 5-Year Return | 23.87% |
| 52-Week Low | 16.46 |
| 52-Week High | 22.41 |
| Beta (5Y) | n/a |
| Holdings | 103 |
| Inception Date | Jun 25, 1997 |
About CICVX
Calamos Convertible Fund Institutional Class is a diversified mutual fund that primarily invests in convertible securities issued by U.S. and international companies. Its core purpose is to provide investors with a lower-volatility alternative to traditional equity investments, aiming to deliver current income while also seeking growth as a secondary goal. The fund emphasizes holdings in midsize companies with stronger balance sheets, prioritizing credit quality and sector diversification. By focusing on convertible securities—which combine features of both stocks and bonds—the fund seeks to capture upside participation in equity markets while offering potentially limited downside risk compared to equity-only portfolios. This approach positions the fund as a strategic tool for managing overall portfolio risk and for enhancing asset allocation beyond the traditional stock-bond split. Managed by Calamos Advisors, a leader in the convertible asset class, the fund is tailored for institutional investors and large retirement plans, with a minimum investment threshold of $1 million. Its established track record and risk-managed strategy make it significant for those seeking balanced exposure to both equity and fixed income markets.
Performance
CICVX had a total return of 29.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.94%.
Top 10 Holdings
26.29% of assets| Name | Symbol | Weight |
|---|---|---|
| Western Digital Corp. 3% | WDC.3 11.15.28 | 3.53% |
| Lumentum Holdings Inc. 0.375% | LITE.0.375 03.15.32 | 3.26% |
| Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A | BA.6 10.15.27 | 3.16% |
| MKS Inc. 1.25% | MKSI.1.25 06.01.30 | 2.92% |
| Usd | n/a | 2.66% |
| NextEra Energy Capital Holdings Inc 3% | NEE.3 03.01.27 | 2.51% |
| Alibaba Group Holding Ltd. 0% | BABA.0 09.15.32 | 2.20% |
| Bloom Energy Corporation 0.01% | BE.0 11.15.30 | 2.04% |
| BWX Technologies Inc. 0.01% | BWXT.0 11.01.30 | 2.01% |
| Seagate HDD Cayman 3.5% | STX.3.5 06.01.28 | 1.99% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 16, 2026 | $0.01557 | Mar 16, 2026 |
| Dec 15, 2025 | $2.33419 | Dec 15, 2025 |
| Sep 16, 2025 | $0.04252 | Sep 16, 2025 |
| Jun 16, 2025 | $0.05445 | Jun 16, 2025 |
| Mar 17, 2025 | $0.03881 | Mar 17, 2025 |
| Dec 23, 2024 | $0.21482 | Dec 23, 2024 |