Investment Test Drive

CALBX Calamos Convertible B

3 lower fee alternatives found

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Fund CALBX Calamos Convertible B CWB SPDR® Blmbg Barclays Convert Secs ETF VCVSX Vanguard Convertible Securities Inv  
Similarity
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100% 96% 92%
Annual Fees
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$189.07
(1.88% Exp. Ratio)
$40.23
(0.40% Exp. Ratio)
$38.22
(0.38% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 0.57% annual return
$6,712.08 $10,517.47 $10,581.02
Est. savings over 30 yrs +$3,805.39 +$3,868.93
Return
As of 11/30/16
1 YR RETURN 2.06%
3 YR 1.41%
5 YR 4.63%
10 YR 3.77%
1 YR RETURN 7.24%
3 YR 5.75%
5 YR 10.15%
10 YR --
1 YR RETURN 3.11%
3 YR 2.65%
5 YR 7.93%
10 YR 5.89%
Description
The investment seeks current income, with growth as its secondary objective. The fund invests mainly in a diversified portfolio of convertible securities issued by both U.S. and foreign companies without regard to market capitalization. It invests at least 80% of its net assets (plus any borrowings) in convertible securities. The average term to maturity of the convertible securities purchased by the fund will typically range from two to ten years. The fund may invest up to 25% of its net assets in foreign securities, but generally will invest approximately 5% to 15% of its net assets in foreign securities.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays U.S. Convertible Bond >$500MM Index. The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to represent the market of U.S. convertible securities with outstanding issue sizes greater than $500 million. It is non-diversified.
The investment seeks to provide current income and long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its assets in U.S. and foreign convertible securities, which are hybrid securities that combine the investment characteristics of bonds and common stocks. Convertible securities include corporate bonds and preferred stocks that are convertible into common stock, as well as fixed income securities with warrants or common stock attached. Many convertible securities have credit ratings that are below investment grade.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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