CSQ - CSQ: Best Of Both Worlds? Solid 8% Income And Capital Appreciation

2024-02-18 09:00:00 ET

Summary

• Calamos Strategic Total Return Fund is a closed-end fund that invests in a diversified portfolio of common stocks, convertibles, corporate bonds, and preferred securities.
• The CSQ CEF has a solid record of nearly 20 years, providing its owners with high income and capital appreciation at the same time.
• We believe it is a solid, diversified fund for income investors. However, we would rate the fund as a "Hold" as its equity assets may be a bit overvalued while counter-balanced by fixed-income assets. So, overall, the fund appears fairly valued at this time.

Introduction:

Calamos Strategic Total Return Fund ( CSQ ) is a closed-end fund, or CEF, that was incepted nearly 20 years ago in March 2004. The fund is a hybrid fund that primarily invests in a diversified portfolio of equity of common stocks, convertibles, corporate bonds, and preferred securities, with an emphasis on high-growth stocks. The fund seeks to provide a high total return by way of income and capital gains. The fund is managed by Calamos Investments group, which has nearly $35 Billion of AUM (assets under management) and specializes in convertibles, alternatives, multi-asset class, and other strategies....

For further details see: