2024-05-19 17:07:32 ET
Summary
- Calamos Strategic Total Return Fund (CSQ) has performed well but continues to trade at a narrow discount.
- The fund's portfolio is heavily tilted towards equity securities, with still meaningful allocations to convertibles and high-yield bonds.
- CSQ pays a monthly distribution with a rate of 7.76%, and they recently just crossed over $20 of cumulative distributions paid since inception.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Calamos Strategic Total Return Fund ( CSQ ) has performed quite well since our last update earlier at the start of 2024. The fund provides investors exposure to a diversified pool of primarily equity positions but also has a sleeve of convertible and high-yield securities. The fund is leveraged, and given that the broader market has done well through 2024, it is too much of a surprise seeing that CSQ has performed a touch better on a total return basis....
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For further details see:
CSQ: Impressive Track Record But Not Impressively Priced