Calamos Dynamic Convertible and Income Fund operates as a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income and capital appreciation. It predominantly invests in a portfolio of convertible securities, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities.
The chart shows the growth of an initial investment of $10,000 in Calamos Dynamic Convertible & Income Fund, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Calamos Dynamic Convertible & Income Fund (CCD) has returned 6.47% so far this year and 17.09% over the past 12 months. Looking at the last ten years, CCD has achieved an annualized return of 2.51%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Calamos Dynamic Convertible & Income Fund (CCD) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.61% | 2.40% | -6.93% | 4.22% | ||||||||
| 2025 | 0.21% | -4.67% | -6.21% | 2.04% | -7.79% | 0.23% | 3.44% | -0.92% | 2.68% | 4.94% | -3.40% | -1.60% |
| 2024 | 4.04% | 3.11% | 2.64% | 1.90% | 1.14% | 0.76% | 2.44% | 2.42% | 6.50% | -5.47% | -0.75% | 2.29% |
| 2023 | 8.91% | -0.62% | -5.12% | 3.06% | 5.49% | -5.89% | -1.84% | -4.69% | -8.18% | -7.98% | 10.41% | 4.49% |
| 2022 | -14.87% | -3.39% | -1.84% | -3.13% | -7.33% | -9.19% | 13.63% | -4.39% | -12.99% | 8.10% | 2.14% | -8.77% |
| 2021 | 0.92% | 12.11% | -2.23% | 1.66% | 0.98% | -5.68% | -1.69% | 1.03% | -3.40% | 6.58% | -6.71% | 1.98% |
| 2020 | 0.75% | -11.38% | -12.63% | 12.57% | 17.59% | 4.51% | 6.37% | 5.09% | -3.66% | -2.32% | 20.07% | 3.19% |
| 2019 | 20.26% | -1.33% | 5.39% | 1.17% | -10.95% | 7.87% | 1.97% | -4.79% | 2.39% | 2.43% | -0.53% | 2.72% |
| 2018 | 0.69% | -4.06% | -1.50% | 4.45% | 4.41% | 0.42% | 0.05% | 3.38% | -2.51% | -13.27% | -0.37% | -14.97% |
| 2017 | 5.85% | 1.39% | 1.48% | 1.24% | 1.38% | 0.05% | 3.04% | -1.59% | 0.15% | -1.16% | -0.77% | -2.15% |
| 2016 | 1.44% | -0.39% | 2.71% | 3.56% | -1.79% | -1.17% | -4.35% | -1.52% | -0.11% |
The charts below present risk-adjusted performance metrics for Calamos Dynamic Convertible & Income Fund (CCD) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of CCD compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Calamos Dynamic Convertible & Income Fund volatility is 2.02%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Calamos Investments announced monthly distributions for its seven closed-end funds (CHI, CHY, CSQ, CGO, CHW, CCD, and CPZ) with payable dates of April 21, 2026. The announcement includes detailed breakdowns of distribution sources, showing varying compositions of short-term capital gains, return of capital, and ordinary income across the funds. NAV returns for fiscal YTD show mixed performance, with CSQ at -4.50% and CPZ at -2.37%.
Calamos Investments announced monthly distributions for its seven closed-end funds (CHI, CHY, CSQ, CGO, CHW, CCD, CPZ) for March 2026. The distributions include detailed breakdowns of sources including short-term capital gains, long-term capital gains, ordinary income, and return of capital. The announcement includes NAV performance data and distribution rates for each fund as of February 28, 2026.
Calamos Investments announced monthly distributions for seven closed-end funds, providing detailed information about distribution sources and estimated per-share distribution components for July 2025.
Calamos Investments announced monthly distributions and sources of distributions paid in May 2025 to shareholders of its seven closed-end funds. The funds provided estimates of their distribution sources, reflecting year-to-date cumulative experience.
Calamos Investments announced monthly distributions and sources of distributions for its seven closed-end funds, providing details on the composition of the distributions and their impact on the funds' net asset values.
Calamos Investments announced monthly distributions and sources of distributions for its seven closed-end funds, providing estimates of the funds' distribution sources and returns.
Calamos Investments announced monthly distributions and sources of distributions for its seven closed-end funds. The funds attribute the distribution estimates equally to each regular distribution throughout the year.
Calamos Investments announced monthly distributions and sources of distributions for its seven closed-end funds, providing details on the composition of the distributions and their impact on the funds' net asset values.
Calamos Investments announced monthly distributions and sources of distributions paid in October 2024 to shareholders of its seven closed-end funds. The funds attribute these estimates equally to each regular distribution throughout the year.
The article discusses the Guggenheim Strategic Opportunity Fund (GOF) and PIMCO funds, which are trading at significant premiums to their net asset values. The author suggests waiting for these funds to trade at a discount before investing, as the premiums are unlikely to be sustainable.
