Calamos Global Total Return Fund

Calamos Global Total Return Fund operates as a diversified, closed-end management investment company. It seeks total return through a combination of capital appreciation and current income by investing in a portfolio of equities, convertible securities, and high yield corporate bonds. The company was founded on March 30, 2004 and is headquartered in Naperville, IL.

The Calamos Global Total Return Fund yields 8.23% but has underperformed the MSCI World Index, making it less appealing for core portfolio positions. The fund's recent performance has been disappointing, with a 1.17% share price increase, underperforming both the S&P 500 and MSCI World Index. The United States may be poised to outperform foreign markets over the next year or two, yet this fund appears to be decreasing its U.S. exposure.

CGO: Revisiting This Fund Following The Election

Ares Capital

BlackRock Science & Technology

Crescent Capital BDC Inc

Calamos Dynamic Convertible & Income Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Fidus Investment

Guggenheim Strategic Opportunities Fund

John Hancock Tax-Advantaged Dividend Income Fund

JPMorgan Equity Premium Income ETF

JPMorgan Nasdaq Equity Premium Income ETF

Barings Corporate Investors

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

PIMCO Corporate & Income Opportunity Fund

Global X NASDAQ 100 Covered Call ETF

Cohen & Steers Quality Income Realty Fund

Royce Value Trust

Global X Russell 2000 Covered Call ETF

Special Opportunities Fund Inc

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Cohen & Steers Infrastructure Fund Inc

Closed-end funds are special income vehicles, with many positive aspects and just as many weaknesses that take time to be properly understood and evaluated. I discovered their existence about ten years ago, and over time, I became convinced of their worth by developing a personal method of selection based mainly on NAV performance. This is an analytical, data-driven approach which I then extended to other types of securities in my portfolio, namely ETFs and BDCs.

My 9.5% Income Portfolio CEFs And Classic Cars

Calamos Convertible Opportunities And Income Fund

Calamos Global Dynamic Income Fund

Calamos Convertible And High Income Fund

Calamos Long/Short Equity & Dynamic Income Trust

Calamos Strategic Total Return Fund

METRO CHICAGO, Ill. , Nov. 1, 2024 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in November 2024 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

My portfolio includes CEFs, ETFs, a few BDCs and an ETN, for whose selection I have developed over the years a criterion based mainly on NAV performance. In this article, however, I decided to focus on the price of each security in my portfolio, comparing it with the lows and highs touched throughout its history. An overview of the path each one has taken from launch to current market quotation with a personal assessment of the possible room for maneuver from those values.

My 9.5% Income Portfolio-Fifty Shades Of Blue

Eagle Point Credit

Oxford Lane Capital

Total Return is a percentage measure reflecting the total performance of a fund, incorporating both capital gains and the effect of dividends reinvested over a specific period. Net Asset Value is the value of an investment fund, determined by subtracting liabilities from assets. The fund's per-share NAV is found by dividing NAV by number of shares outstanding. A positive Total Return with a negative NAV performance creates dissonance in my opinion, whereas having both values positive gives a favorable indication of the quality of a fund.

My 9.5% Income Portfolio-The View From The Top

The Calamos Global Total Return CEF has rallied +33% since our 'Buy' rating, driven by a risk-on environment and lower yield curve. The fund's discount to NAV has narrowed significantly, now trading at fair value, making it less attractive for new entries. High allocations to semiconductor equities, which have seen stellar performance, now face stretched valuations, increasing risk for new investors.

CGO: Stretched Valuations Make This Fund A Hold (Rating Downgrade)

The Calamos Global Total Return Fund offers a high level of income and inflation protection through a diversified portfolio of equities and convertible bonds. The fund's 8.34% yield and potential for share price appreciation make it attractive, despite a lower yield compared to peers. The fund appears to have been able to take advantage of recent strength in TSM, which it would not have been able to do without the foreign exposure.

CGO: This Excellent CEF Is Taking Advantage Of Foreign Opportunities

This is a market in which the winners not only keep winning, but they continue to lap the broader market over and over again. And though everyone has been calling for a broadening out of stocks, that's not happening. So until the narrative changes, stick with what's working. And in CEFs, what's working are the Calamos leveraged equity and fixed-income funds. And none have been better than the Calamos Global Total Return Fund.

Good To Go On CGO

Calamos Global Total Return Fund offers a high yield of 8.98%, comparable to other high-yielding equity funds in the market. The CGO closed-end fund invests primarily in equities as opposed to fixed-income, which should allow it to provide a bit of inflation protection. The fund has outperformed the S&P 500 Index and the MSCI World Index over the past two months, which might be partly due to the high level of leverage employed.

CGO: Good International Exposure And Very Strong Excess Returns

METRO CHICAGO, Ill. , June 4, 2024 /PRNewswire/ -- Calamos Investments®* has announced corrections to monthly distributions and sources of distributions paid in June 2024 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

CORRECTION: Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

Doubleline Opportunistic Credit Fund

BNY Mellon High Yield Strategies Fund 

DoubleLine Income Solutions Fund

Western Asset Global High Income Fund

Eaton Vance Limited Duration Income Fund

Gabelli Dividend & Income Trust

Western Asset High Income Fund

Barings Participation Investors

Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio. Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.

Building A 10% Income Portfolio Today

The Calamos Global Total Return Fund offers geographic diversification and a high distribution yield of 9.15%. The fund has underperformed major equity indices and has a negative return of 10.36% over the past three years. The fund invests in a combination of equities and bonds, but its performance has been disappointing compared to comparable index funds.

CGO: Good Portfolio, But Poor Relative Performance Plagues This Global CEF

Surrounded by the smoothness of the Tuscan landscape, I have always thought that the pursuit of harmony in human activities is the first step toward happiness. I also chase a balance in investments, seeking to create a portfolio whose securities provide a steady cash flow over time and grow the nominal capital invested.

My 9% Income Portfolio - Harmony In Investment

China Fund

Virtus Stone Harbor Emerging Markets Income Fund 

ClearBridge Energy MLP Opportunity Fund Inc

Korea Fund

KKR Income Opportunities Fund

PIMCO Dynamic Income Strategy Fund

RiverNorth Flexible Mncpl Inm Fnd II Inc

Franklin Templeton Dragon Fund

Franklin Templeton Emerging Markets Income Fund

For the third month in four, equity CEFs (+1.81%) witnessed gains while their fixed income CEF (+0.52%) counterparts for the fourth month in a row posted plus-side returns.

The Month In Closed-End Funds: February 2024

Adams Diversified Equity Fund

For those who invest for dividends, the goal is to look for securities that can guarantee sustainable dividends and distributions over time. Choices about how to deploy the income generated by those instruments are personal and depend on each investor's needs, financial means, and age.

My 9% Income Portfolio-In Search For Happiness

Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.

My 9% Income Portfolio-Living Off Dividends

Calamos Global Total Return is a multi-asset closed-end fund. CGO holds a mix of global equities, convertibles, and bonds, with a focus on information technology and a global mandate beyond North America. The fund is currently trading at a -9% discount to net asset value, historically at the lower end of its range, making it potentially attractive for investors.

CGO: Multi-Asset Global Allocation CEF, 10% Yield

Reaves Utility Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Perfection is defined as being complete and correct in every way, and can be pursued in various fields, including art and investing. For years now, I have been employing all my strength in investing in CEFs and ETFs, plus some “flirtations” with ETNs and BDCs. My portfolio is certainly not perfect, but acceptably fulfills the task for which it was designed: namely, to provide me with a steady stream of dividends over time.

My 9% Income Portfolio - Nobody Is Perfect

My Income Portfolio And Return Of Capital.

My Income Portfolio And Return Of Capital

The world seeks complexity, but simplicity often trumps complexity. For my investment goals, I have made the choice to focus mainly on CEFs and ETFs, carefully weighing their merits and drawbacks.

My Income Portfolio - Keep It Simple, Sweetheart

Despite the volatility we've seen in the market, CGO has continued to hang on to its narrow discount. The fund's distribution was trimmed last year but remains elevated as a solid rebound hasn't been able to take hold in the broader market.

CGO: Flexible Fund Continues Trading At A Narrow Discount

Owl Rock Capital Corp

As in Led Zeppelin's famous song, for me, investments in high-dividend securities represent a kind of stairway to heaven. Indeed, their steady flow of money relieves psychological pressure during times of market uncertainty and helps me experience them with greater peace of mind.

My Income Portfolio: A Stairway To Heaven

Aberdeen Income Credit Strategies Fund

Virtus AllianzGI Diversified Income & Convertible Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

Cornerstone Strategic Value Fund Inc

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Stone Harbor Emerging Markets Total Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Gabelli Utility Trust

Ivy High Income Opportunities Fund

Nuveen Mortgage Opportunity Term Fund

BNY Mellon Strategic Municipals, Inc.  

Macquarie Global Infrastructure Total Return Fund Inc

Neuberger Berman Intermediate Municipal Fund Inc

Nuveen Dynamic Municipal Opportunities Fund

17 out of 22 CEF sectors positive on price and 18 out of 22 sectors positive on NAV last week. RSF offering results.

Weekly Closed-End Fund Roundup: DEX Tender Offering Expires (February 5, 2023)

Financial markets are set to close a difficult year amid the war in Ukraine, pandemic aftershocks, and inflation-eroding purchasing power. As always, the first rule for every investor is to try to survive and avoid making mistakes that could prove fatal.

My Income Portfolio's Year-End Check-Up

CGO was running a high distribution, but that was trimmed starting last month in October. The fund's payout remains elevated, given the environment, even after the trim.

News for Calamos Global Total Return Fund ETF (CGO)