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Trending ETFs

Calamos Select Fund

mutual fund
CVAIX
Payout Change
Pending
Price as of:
$24.54 +0.04 +0.16%
primary theme
U.S. Large-Cap Blend Equity
CVAIX (Mutual Fund)

Calamos Select Fund

Payout Change
Pending
Price as of:
$24.54 +0.04 +0.16%
primary theme
U.S. Large-Cap Blend Equity
CVAIX (Mutual Fund)

Calamos Select Fund

Payout Change
Pending
Price as of:
$24.54 +0.04 +0.16%
primary theme
U.S. Large-Cap Blend Equity

Name

As of 12/03/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Calamos Select Fund

CVAIX | Fund

$24.54

$52.1 M

0.02%

$0.00

1.37%

Vitals

YTD Return

27.9%

1 yr return

33.4%

3 Yr Avg Return

11.3%

5 Yr Avg Return

14.9%

Net Assets

$52.1 M

Holdings in Top 10

44.2%

52 WEEK LOW AND HIGH

$24.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.37%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/03/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Calamos Select Fund

CVAIX | Fund

$24.54

$52.1 M

0.02%

$0.00

1.37%

CVAIX - Profile

Distributions

  • YTD Total Return 27.9%
  • 3 Yr Annualized Total Return 11.3%
  • 5 Yr Annualized Total Return 14.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Calamos Select Fund
  • Fund Family Name
    Calamos Family of Funds
  • Inception Date
    Mar 01, 2002
  • Shares Outstanding
    1828883
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Calamos

Fund Description

The Fund anticipates that it will invest primarily in equity securities issued by U.S. companies. The Fund's portfolio may include securities of well-established companies with large market capitalizations as well as small, unseasoned companies. The Fund's investment adviser generally defines a large cap company to have a market capitalization in excess of $25 billion and a mid- sized company to have a market capitalization greater than $1 billion, up to $25 billion. Generally, a small cap company is defined by the investment adviser as having a market capitalization of up to $1 billion. The market capitalization of a security is measured at the time of purchase. The Fund may invest up to 25% of its net assets in foreign securities. Foreign securities are securities issued by issuers that are organized under the laws of a foreign country or that have a substantial portion of their operations or assets in a foreign country or countries, or that derive a substantial portion of their revenue or profits from businesses, investments or sales outside of the United States. The Fund may also invest in foreign securities that are represented in the United States securities markets by American Depositary Receipts ("ADRs") or similar depository arrangements. The Fund's foreign debt investments can be denominated in U.S. dollars or in foreign currencies. Debt securities issued by a foreign government may not be supported by the "full faith and credit" of that government.

In pursuing its investment objective, the Fund seeks out stocks that, in the investment adviser's opinion, are undervalued according to certain financial measurements of their intrinsic value (such as the present value of the company's future free cash flow). The Fund's investment adviser typically considers the company's financial soundness, earnings and cash flow forecast and quality of management. The Fund's investment adviser seeks to lower the risks of investing in stocks by using a "top-down approach" of diversification by company, industry, sector, country and currency and focusing on macro-level investment themes.

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CVAIX - Performance

Return Ranking - Trailing

Period CVAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.9% 6.3% 46.4% 43.60%
1 Yr 33.4% 8.6% 55.8% 46.68%
3 Yr 11.3%* -10.5% 18.5% 35.82%
5 Yr 14.9%* -7.7% 111.2% 50.84%
10 Yr 10.9%* -0.2% 52.6% 69.43%

* Annualized

Return Ranking - Calendar

Period CVAIX Return Category Return Low Category Return High Rank in Category (%)
2023 21.8% -42.6% 47.4% 34.62%
2022 -20.7% -56.3% -4.2% 46.49%
2021 16.0% -27.2% 537.8% 56.71%
2020 11.2% -22.5% 2181.7% 52.35%
2019 25.2% -13.5% 40.4% 38.48%

Total Return Ranking - Trailing

Period CVAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.9% 6.3% 46.4% 43.60%
1 Yr 33.4% 8.6% 55.8% 46.68%
3 Yr 11.3%* -10.5% 18.5% 35.82%
5 Yr 14.9%* -7.7% 111.2% 50.84%
10 Yr 10.9%* -0.2% 52.6% 69.43%

* Annualized

Total Return Ranking - Calendar

Period CVAIX Return Category Return Low Category Return High Rank in Category (%)
2023 26.7% -5.0% 47.4% 18.46%
2022 -18.7% -36.8% -2.2% 60.20%
2021 25.3% 3.0% 537.8% 65.94%
2020 16.6% -15.8% 2266.0% 54.36%
2019 26.2% -0.4% 241.3% 81.63%

NAV & Total Return History


CVAIX - Holdings

Concentration Analysis

CVAIX Category Low Category High CVAIX % Rank
Net Assets 52.1 M 2.34 M 1.55 T 92.40%
Number of Holdings 47 2 3963 83.81%
Net Assets in Top 10 24.4 M 880 K 525 B 92.15%
Weighting of Top 10 44.16% 0.3% 111.6% 19.13%

Top 10 Holdings

  1. NVIDIA Corp 7.33%
  2. Apple Inc 6.92%
  3. Microsoft Corp 6.54%
  4. Alphabet Inc 5.84%
  5. Amazon.com Inc 5.76%
  6. Broadcom Inc 2.62%
  7. Home Depot Inc/The 2.33%
  8. UnitedHealth Group Inc 2.30%
  9. Walmart Inc 2.26%
  10. Eli Lilly Co 2.25%

Asset Allocation

Weighting Return Low Return High CVAIX % Rank
Stocks
95.63% 0.00% 105.79% 89.62%
Cash
4.37% 0.00% 99.07% 9.08%
Preferred Stocks
0.00% 0.00% 2.03% 97.14%
Other
0.00% -13.91% 100.00% 92.89%
Convertible Bonds
0.00% 0.00% 5.54% 96.80%
Bonds
0.00% 0.00% 93.85% 96.81%

Stock Sector Breakdown

Weighting Return Low Return High CVAIX % Rank
Technology
21.86% 0.00% 48.94% 67.28%
Healthcare
15.41% 0.00% 52.29% 30.47%
Financial Services
12.95% 0.00% 55.59% 70.94%
Consumer Cyclical
10.77% 0.00% 30.33% 46.54%
Communication Services
10.04% 0.00% 27.94% 18.40%
Consumer Defense
9.78% 0.00% 47.71% 13.32%
Industrials
9.70% 0.00% 29.90% 37.97%
Energy
4.28% 0.00% 41.64% 42.55%
Basic Materials
2.69% 0.00% 25.70% 44.88%
Utilities
2.53% 0.00% 20.91% 55.45%
Real Estate
0.00% 0.00% 31.91% 99.83%

Stock Geographic Breakdown

Weighting Return Low Return High CVAIX % Rank
US
95.63% 0.00% 105.79% 80.21%
Non US
0.00% 0.00% 63.83% 97.55%

CVAIX - Expenses

Operational Fees

CVAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.01% 19.75% 17.70%
Management Fee 1.00% 0.00% 1.90% 98.77%
12b-1 Fee N/A 0.00% 1.00% 18.21%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

CVAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CVAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CVAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 268.00% 54.07%

CVAIX - Distributions

Dividend Yield Analysis

CVAIX Category Low Category High CVAIX % Rank
Dividend Yield 0.02% 0.00% 25.47% 26.72%

Dividend Distribution Analysis

CVAIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annual

Net Income Ratio Analysis

CVAIX Category Low Category High CVAIX % Rank
Net Income Ratio 0.07% -54.00% 2.44% 82.04%

Capital Gain Distribution Analysis

CVAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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CVAIX - Fund Manager Analysis

Managers

John Calamos


Start Date

Tenure

Tenure Rank

Jan 02, 2002

20.42

20.4%

John Calamos is Chairman and Global CIO of Calamos Investments, the firm he founded in 1977. With origins as an institutional convertible bond manager, Calamos Investments has grown into a global asset management firm with institutional and individual clients worldwide. Headquartered in the Chicago metropolitan area, the firm also has offices in New York, San Francisco, Milwaukee and the Miami area. Mr. Calamos established research and investment processes centered around a team-based approach designed to deliver superior risk-adjusted performance over full market cycles through a range of U.S. and global investment solutions including equity, fixed income, convertible and alternative strategies. As a pioneer in convertible securities, Calamos launched one of the first convertible funds in 1985 as a way to manage risk for clients in volatile times. He also established one of the first liquid alternative funds in 1990, reflecting a focus on innovation that continues to this day. Mr. Calamos has built a reputation for using investment techniques to control risk, preserve capital and build wealth for clients over the long term. With more than 50 years of industry experience, he is often quoted as an authority on risk-managed investment strategies, markets, and the economy. He is a frequent speaker at investment conferences around the world and appears regularly on CNBC, Bloomberg TV and Fox Business Channel. He has authored two books, Investing in Convertible Securities: Your Complete Guide to the Risks and Rewards and Convertible Securities: The Latest Instruments, Portfolio Strategies, and Valuation Analysis.   Prior to entering the investment industry, Mr. Calamos served in the United States Air Force. During the Vietnam War, he served as a Forward Air Controller, with responsibilities for guiding accurate air strikes and preventing injuries to friendly troops. His squadron was the first to fly the Cessna O-2, an aircraft in which he recorded over 400 missions in combat. Captain Calamos was awarded the Distinguished Flying Cross for “extraordinary achievement while participating in aerial flight under heavy hostile attack.” His Air Force career included five years of active duty flying B-52 bombers and twelve years in the Reserves flying A-37 jet fighters. He retired as a Major.   The son of Greek immigrants, Mr. Calamos is an active philanthropist supporting educational institutions and Hellenic organizations. He serves as Chairman of the Board of Directors for the National Hellenic Museum in Chicago. He is an investment committee member of the Faith Endowment, and a supporting member of the National Hellenic Society, Leadership 100 and The Hellenic Initiative. He received a B.A. in Economics and an M.B.A. in Finance from Illinois Tech, where he established Endowed Chairs in Philosophy and Business and is also a member of the Board of Trustees. He received an Honorary Doctorate in Humanities from Hellenic College Holy Cross.

Michael Kassab


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Michael Kassab joined Calamos Advisors in 2014 and has served as SVP, Chief Market Strategist and Associate Portfolio Manager since February 2020. From June 2019 to January 2020 he was VP, Chief Market Strategist. From September 2014 to May 2019 he was the Vice President and Chief Investment Officer, Wealth Management Strategies. Previously, Kassab rejoined the Dover Corporate Responsibility Mgmt LLC in October 2007. His previous investment experience includes several years at Gabelli Asset Management (2002 - 2004) and Jefferies Asset Management (2006 - 2007), where he served as an investment analyst. Kassab began his career at Arthur Andersen LLP and provided audit services to clients in the consumer goods and pharmaceuticals industries. Kassab holds the Chartered Financial Analyst and Certified Public Accountant designation.

Brad Jackson


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Brad Jackson joined Calamos Advisors in 2015 and has served as SVP, Co-Head of U.S. Equity Research and U.S. Technology Sector Head since September 2019 and Associate Portfolio Manager since February 2020. From September 2015 to August 2019, he was a VP, Sector Head — U.S. Technology. From February 2015 to August 2015, he was a Research Analyst. Brad Jackson received his B.B.A. in finance investments and banking from the University of Wisconsin-Madison and his M.B.A. with concentrations in analytical finance and economics from the University of Chicago in 2004. Mr. Jackson joined Driehaus Capital Management as a senior analyst in 2010. Prior to joining that firm, he served as an analyst at Neuberger Berman, and a senior investment analyst at American Century. Mr. Jackson is a CFA charterholder.

Bill Rubin


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Bill Rubin joined Calamos Advisors in 2017 and has served as SVP, Co-Head of U.S. Equity Research and U.S. Financials Sector Head since September 2019 and Associate Portfolio Manager since February 2020. From December 2017 to August 2019 he was a VP, Sector Head - U.S. Financial Services. Previously, he was a Senior Investment Analyst - Financial Services Sector at BlackRock, Inc. from 2011 to 2017. Previously, Rubin joined Fidelity Investments in 1994 as a research analyst covering the aerospace and defense, connectors, and defense-electronics industries. He became a portfolio manager in December 1994.

R. Matthew Freund


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

As a Co-Chief Investment Officer, Matt Freund is responsible for oversight of investment team resources, investment processes, performance and risk. As Head of Fixed Income Strategies, he manages investment team members and has portfolio management responsibilities. He is also a member of the Calamos Investment Committee, which is charged with providing a top-down framework, maintaining oversight of risk and performance metrics, and evaluating investment process. Matt joined Calamos in 2016 and has more than 30 years of industry experience. Prior to joining Calamos, he was Chief Investment Officer of USAA Investments, leading the teams responsible for the portfolio management of USAA’s mutual funds and affiliated portfolios, including P&C and life insurance products, and overseeing more than $140 billion in assets. During this time, he also served as lead portfolio manager for several highly regarded fixed income mutual funds. Earlier in his career, Matt served as a senior investment analyst for MetLife in the Capital Markets Group. He received a BA in Accounting from Franklin & Marshall College and an MBA from Indiana University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.25 2.42