Calamos Global Dynamic Income Fund (CHW) Stock

Calamos Global Dynamic Income Fund offers global equity exposure and high income, which should be good for income-focused investors who need inflation protection. The fund invests primarily in equities, historically good for preserving purchasing power against inflation. The fund appears to have made a few profitable trades recently, including a position that profited from Apple's gain over the past two months.

Calamos Global Dynamic Income Fund offers high-income and geographic diversification, without sacrificing equity exposure. The fund's distribution yield of 9.00% is lower than its peers, but it has delivered strong recent performance and total return. The fund's portfolio includes numerous low-yielding securities, so it relies more on capital gains than we might think.

Calamos is known for its convertible bond research. Together with high-yield bonds, Calamos offers a number of CEFs that include both in their portfolios. But ironically, it's the pure fixed-income CEFs that trade at premium valuations, while their more balanced equity and fixed-income CEFs trade at discounts. One would think in a raging bull market, that it would be the other way around, but that's not the case.

Calamos Global Dynamic Income Fund offers a high current yield of 11.49%, making it attractive for income-seeking investors. The CHW closed-end fund's recent market performance has been disappointing, with a decline of 11.07% since the date that we last discussed it. The fund's asset allocation is heavily weighted towards common stocks, which may not align with its objective of providing current income.