Calamos Dynamic Convertible and Income Fund (XCCDX)

Profile

https://www.calamos.com/FundInvestor/ClosedEndFunds/CEFund.aspx?name=CCD

Calamos Dynamic Convertible and Income Fund is a closed-end investment fund designed to provide a total return by blending capital appreciation and current income. Its primary strategy centers on investing in a diversified portfolio of convertible securities and high-yield fixed-income instruments, aiming to capture the growth potential of equities while mitigating downside risk typically found in equity markets. The fund may also utilize other income-producing securities, such as preferred stocks, investment grade and below investment grade bonds, loans, equity-linked notes, and floating rate securities. An active asset allocation approach is employed to optimize risk-adjusted returns, and the fund may use leverage and option strategies to enhance income generation. Notably, the fund seeks to offer attractive monthly distributions sourced from multiple asset classes, appealing to investors seeking income and diversification. Calamos Dynamic Convertible and Income Fund plays a distinct role in portfolios by offering exposure to convertible securities, which can be less sensitive to interest rates than traditional fixed income, while still providing participation in equity market upside with moderated volatility over full market cycles.