Calamos Convertible Opportunities and Income Fund: Q2 2025 Performance Review

Instructions

This report provides a detailed analysis of the Calamos Convertible Opportunities and Income Fund's performance during the second quarter of 2025, highlighting key financial metrics and the prevailing market dynamics that influenced its results.

Unlocking Value: A Comprehensive Review of Investment Performance

Fund Performance Highlights for Q2 2025

For the three-month period concluding on June 30, 2025, the Calamos Convertible Opportunities and Income Fund demonstrated robust performance. The fund’s market price experienced an increase of 13.01%, while its Net Asset Value (NAV) appreciated by 11.75%. These figures reflect a period of favorable market conditions that positively impacted the fund’s holdings.

Understanding the Fund's Investment Approach

The core objective of the fund is to deliver a blend of capital growth and consistent income. It achieves this by strategically allocating investments across a diverse array of convertible securities and corporate bonds that offer high yields. This dual focus aims to capitalize on both market upside potential and regular income generation for investors.

Annualized Distribution Rate Overview

As of the reporting period, the fund’s current annualized distribution rate stands at 10.84%. This metric indicates the most recent distribution, projected over an entire year, as a percentage of the fund’s prevailing market price per share. It offers investors insight into the income-generating capacity of their investment.

Economic Landscape and Market Reactions

Market sentiment improved as concerns regarding US tariffs diminished, fostering a more constructive environment for investment. Although overall economic growth projections saw a slight moderation, the ongoing advancement of pro-growth fiscal policies provided a supportive backdrop for asset performance. These macroeconomic factors played a significant role in shaping the fund’s quarterly outcomes.

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