Calamos Convertible and High Income Fund

Calamos Convertible and High Income Fund (ticker: CHY) is a closed-end fixed income mutual fund launched by Calamos Investments LLC and managed by Calamos Advisors LLC. The fund invests in the fixed income markets of the United States, primarily focusing on a diversified portfolio of convertible securities and high yield corporate bonds. Convertible securities are bonds or preferred shares that can be converted into common stock, offering potential upside, while high yield bonds (rated Ba or lower by Moody's or BB or lower by Standard & Poor's) provide higher income but carry greater risk. The fund employs both fundamental and quantitative analysis to construct its portfolio, aiming to generate current income and capital appreciation.

Calamos Convertible and High Income Fund (CHY) is listed on the NasdaqGM exchange under the ticker symbol CHY. The fund trades in U.S. dollars (USD), which is the currency of its primary market. As a closed-end fund, its shares are bought and sold on the exchange like stocks, and the market price may differ from the net asset value (NAV) per share. Investors can purchase or sell shares through a brokerage account during regular trading hours.

Calamos Convertible and High Income Fund (CHY) operates in the Financial Services sector and is classified under the Asset Management industry. As an asset management firm, Calamos Advisors LLC manages the fund's portfolio, making investment decisions on behalf of shareholders. The fund itself is a closed-end fixed income mutual fund, which pools investor capital to invest in a diversified mix of convertible securities and high yield bonds. This structure allows individual investors to gain exposure to a professionally managed portfolio of fixed income assets that might otherwise be difficult to access directly.

Calamos Convertible and High Income Fund (CHY) is domiciled in the United States and primarily invests in the U.S. fixed income markets. The fund was formed on March 12, 2003, and is managed by Calamos Advisors LLC, which is based in the United States. While the fund's investments are focused on U.S. securities, its shares are available to investors globally through the NasdaqGM exchange. The fund targets income-oriented investors seeking exposure to convertible securities and high yield corporate bonds within the U.S. market.

Calamos Convertible and High Income Fund (CHY) generates returns primarily through interest income and capital appreciation from its portfolio of convertible securities and high yield corporate bonds. Convertible securities offer a fixed income component (interest payments) plus the option to convert into equity, providing potential for capital gains if the underlying stock price rises. High yield bonds pay higher interest rates to compensate for their lower credit ratings (Ba/BB or below). The fund uses fundamental analysis to evaluate issuers' financial health and quantitative analysis to optimize portfolio risk-return characteristics. By diversifying across many issuers and sectors, the fund aims to balance income generation with risk management.