Calamos Convertible Opportunities And Income Fund

Calamos Convertible Opportunities & Income Fund operates as a closed-end investment fund/investment trust. It seeks total return through capital appreciation and current income by investing in a diversified portfolio of convertible securities and high yield fixed income securities. The company was founded on April 17, 2002 and is headquartered in Naperville, IL.

AGNC Investment

BlackRock Health Sciences Trust II

EPR Properties

Nuveen Credit Strategies Income Fund

Orchid Island Capital

PennantPark Floating Rate Capital

Name:  Yield: Monthly Dividend income Orchid Island Capital (NYSE: ORC) 17.06% $426.50 AGNC Investment Corp.

Want $2000 Per Month In Passive Income? Invest $30,000 In These Stocks

Calamos Dynamic Convertible & Income Fund

Calamos Global Total Return Fund

Calamos Global Dynamic Income Fund

Calamos Convertible And High Income Fund

Calamos Strategic Total Return Fund

METRO CHICAGO, Ill. , May 1, 2024 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in May 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

The Calamos Convertible Opportunities and Income Fund offers a high level of current income without sacrificing the potential upside available from common stocks. The CHI closed-end fund has a lower yield compared to its peers, but this may indicate a more sustainable yield. The fund has delivered a trailing five-month performance that most investors would find reasonably acceptable.

CHI: More Trouble Covering The Distribution Plus An Enormous Premium

Automatic Data Processing

Bristol-Myers

BlackRock Science & Technology

Crown Castle International

Deere & Company

Enbridge

SPDR Gold Trust

abrdn Healthcare Investors 

Mastercard

Main Street Capital

MPLX

Microsoft

Realty Income Corp

PIMCO Dynamic Income Fund

PepsiCo

Invesco QQQ

Cohen & Steers Reit And Preferred Income Fund Inc

iShares 20+ Year Treasury Bond ETF

Liberty All Star Equity Fund

Cohen & Steers Infrastructure Fund Inc

Reaves Utility Income Fund

Visa

Verizon

The Near Perfect Portfolio Strategy provides SWAN-like attributes and aims to meet income and growth goals while minimizing volatility and drawdowns. The strategy consists of three buckets: Dividend Growth Investing, High Income (CEF investing), and Hedging (Rotational bucket). Backtesting results over 17 years show that the strategy has the potential to outperform the S&P 500, with lower drawdowns and volatility.

How To Invest In A SWAN Portfolio: The Near Perfect Portfolio Strategy

Calamos Convertible Opportunities and Income Fund has provided solid long-term results and provides convertible and high-yield exposure. The fund has also delivered a steady monthly distribution to its investors, though it remains significantly reliant on capital gains. While the fund's premium has come down some since our last update, it is still trading at a premium that could be considered around fair value.

CHI: Convertible And Income Fund Providing Steady Monthly Distributions

Ares Capital

Ares Dynamic Credit Allocation Fund

AllianceBernstein Global High Income Fund Inc

BlackRock Taxable Municipal Bond Trust

BlackRock Enhanced Equity Dividend Trust

Central Securities

DNP Select Income Fund Inc

Eaton Vance Enhanced Equity Income Fund II

Energy Transfer LP Unit

Flaherty & Crumrine Preferred Securities Income Fund Inc

Guggenheim Strategic Opportunities Fund

New American High Income Fund

India Fund Inc

Kayne Anderson MLP Investment

Barings Corporate Investors

Annaly Capital

Nuveen Municipal High Income Opportunity Fund

John Hancock Premium Dividend Fund

Cohen And Steers Total Return Realty Fund

2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

The 8% Income Portfolio: 2023 Year-End Review

Convertible Opportunities and Income Fund is a closed-end fund focused on convertible securities, with a high allocation to the technology sector. The fund has had a positive performance this year, up 9% but with a high volatility and a -16% drawdown earlier in the year. The fund's premium to NAV is towards top end of its historic range, and it has a high correlation to the S&P 500.

CHI: Time To De-Risk After The Rally (Rating Downgrade)

Calamos Convertible Opportunities and Income Fund offers a high level of current income with an 11.12% current yield. The CHI closed-end fund focuses on investing in convertible securities, which provide stable income and upside potential. The fund has delivered a 3.98% total return year-to-date, outperforming many other closed-end funds and the bond index.

CHI: Nice Assets, But High Valuation Given The Risks Of A Distribution Cut

Calamos Convertible Opportunities and Income Fund is trading at a premium over its net asset value, making it unattractive for new investment dollars. The fund's total expense ratio has been rising due to higher borrowing costs, but its portfolio has also been seeing higher yields on its convertibles. An alternative to CHI could be BCV or ECF, though ECF has seen its discount narrow more recently, making BCV the more attractive alternative.

CHI: Premium Remains Persistent

Eaton Vance Senior Floating Rate Fund

Eaton Vance Floating-Rate Income Trust

Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Opportunity Fund ETF

Nuveen Short Duration Credit Opportunities Fund

Nuveen Senior Income Fund

We review CEF market valuation and performance through the second week of July and highlight recent market action. CEFs had a good week overall as NAVs gained, however, discounts remain sluggish. The net income profile of some CEFs has turned negative, owing to a high cost of leverage.

CEF Weekly Review: (Some) CEF Net Income Turns Negative

CHI: Not A Bargain Yet, Even After Premium Drop.

CHI: Not A Bargain Yet, Even After Premium Drop

BlackRock

BlackRock Utilities Infrastructure & Power Opportunities Trust

Ellsworth Growth and Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Blackrock Floating Rate Income Strategies Fund Inc

Clough Global Opportunities Fund

Special Opportunities Fund Inc

abrdn Life Sciences Investors 

Invesco Senior Income Trust

Western Asset Diversified Income Fund

Waste Management

We have now closed on the first month of the new year, but my strategy of buying every month hasn't changed. The new year has started off with a bang, with the broader indexes jumping higher.

Kicking Off The New Year With 7 Closed-End Fund Buys In The Month Of January 2023

Calamos Convertible Opportunities & Income Fund focuses on convertibles and high yield investments. The closed-end fund has a current yield of 9.8% on market price and 10.9% on NAV.

CHI: Convertibles CEF Paying More Than It Earns

Nuveen Build America Bond Fund

Cohen & Steers Quality Income Realty Fund

Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-on-cost basis.

The 8% Income Portfolio: 2022 Year-End Review

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Municipal Income Quality Trust

Central and Eastern Europe Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Credit Suisse High Yield Bond Fund

DoubleLine Yield Opportunities Fund

Eagle Point Income Company Inc

Eaton Vance National Municipal Opportunities Trust

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

John Hancock Preferred Income Fund

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

Macquarie Global Infrastructure Total Return Fund Inc

Pioneer Municipal High Income Opportunities Fund

Nuveen Municipal Credit Opportunities Fund

Nuveen AMT-Free Municipal Credit Income Fund

Pimco California Municipal Income Fund II

PIMCO Dynamic Income Opportunities Fund

Pimco New York Municipal Income Fund

RiverNorth Flexible Muncpl Incme Fnd Inc

RiverNorth Opportunities Fund, Inc.

Cushing MLP & Infrastructure Total Return Fund

Delaware Investments

2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD.

Weekly Closed-End Fund Roundup: DEX Will Merge With AGD, Tender Next January (December 11, 2022)

Convertible Opportunities and Income Fund is a closed end fund from the Calamos family. The fund has a 63% converts allocation, with the rest held in a portfolio of bonds.

CHI: 60/40 Portfolio With Leverage Via Convertibles, 10% Yield

Calamos offers seven different closed-end funds, all with some overlap. CHY and CHI seem to have the most overlap of the group.

CHY And CHI: The Calamos Twins

CHI has been having a challenging year in 2022, along with most other investments. The fund is most heavily allocated to convertible bonds that can provide some downside protection.

CHI: Attractive Convertible Fund, ~8.7% Distribution Yield

ARK Innovation Collapse: Bad Stock Picking Example Or Leading Indicator?

Evaluating CEFs: CHI - Now Is A Good Time To Nibble

AbbVie

Amgen

Clorox

Digital Realty Trust

Enterprise Products Partners

Fastenal

Home Depot

Johnson & Johnson

Kimberly-Clark

Lockheed Martin

McDonald's

Altria

NextEra Energy

Texas Instruments

No portfolio or strategy can be perfect. But can there be a strategy that can work well in a bull market, a bear market, or a stagnant market, generate a decent income, and conserve capital, all at the same time? We also want our strategy to avoid roller-coaster rides of index investing, have low volatility and limited drawdowns in case of deep corrections.

The Near-Perfect Portfolio For The Bull Markets And The Bear Markets

iShares MSCI EAFE Value ETF

PIMCO Dynamic Credit and Mortgage Income Fund

iShares 1-3 Year Treasury Bond ETF

Columbia Seligman Premium Technology Growth Func Inc

abrdn World Healthcare Fund 

The Near-Perfect Portfolio For The Good Times And Bad

CHI is a convertible fund that also incorporates high-yield bond exposure. The fund has delivered investors solid results, though it has become more fairly valued as of late.

CHI: Attractive 7.17% Distribution Yield

Virtus AllianzGI Diversified Income & Convertible Fund

Alpine Total Dynamic Dividend Fund

Liberty All-Star Growth Fund

China Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Flaherty & Crumrine Total Return Fund Inc

Sprott Focus Trust

Gabelli Equity Trust

New Germany Fund

CBRE Global Real Estate Income Fund

Virtus Dividend Interest & Premium Strategy Fund

Virtus AllianzGI Equity & Convertible Income Fund

Royce Micro-Cap Trust

Royce Value Trust

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns.

5 Best CEFs To Buy This Month (August 2021)

CHI has a distribution of 7.56% which is reasonably attractive if the distribution is covered. I continue my series where I look at CEFs beyond the yield with a look at CHI.

Evaluating Closed-End Funds: CHI Has The Distribution Covered But Wait For A Dip

GGM Macro Alignment ETF

Credit Suisse X-Links Gold Shares Covered Call ETN

JPMorgan Equity Premium Income ETF

Invesco KBW High Dividend Yield Financial ETF

Nationwide Risk-Managed Income ETF

Invesco CEF Income Composite ETF

Pimco Income Opportunity Fund

Global X NASDAQ 100 Covered Call ETF

Global X Russell 2000 Covered Call ETF

Global X Superdividend ETF

Credit Suisse X-Links Silver Shares Covered Call ETN

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Global X S&P 500 Covered Call ETF

YieldShares High Income ETF

In the summer of 2020, I created a small “piggy bank” portfolio consisting of six titles entirely dedicated to ETFs and ETNs as an adjunct to my Cupolone Income Portfolio. I named this new portfolio my Giotto Income Portfolio, in honor of the famous Florentine painter and architect.

Boosting My ETF Income Portfolio

News for Calamos Convertible Opportunities And Income Fund ETF (CHI)