Summary

• The Calamos Global Dynamic Income Fund dynamically allocates assets across global equities, convertible bonds, and fixed-income securities to generate high current income and capital appreciation.
• The fund offers a 7.41% yield paid monthly. Its portfolio consists of roughly half US and half international holdings, with its largest sector allocation in Technology (24%) and Taiwan Semiconductor as its top individual holding.
• While CHW has a solid track record of outperforming its peer category over 1-, 3-, and 10-year periods, it is highly sensitive to rising interest rates and carries notable risks related to its use of leverage and high concentration of unrated corporate bonds.
• I rate CHW as a Hold, although the fund is trading at an attractive 11.26% discount to its NAV, technical indicators suggest it is overbought, and upcoming geopolitical volatility could provide investors with a cheaper entry point.
• Looking for more investing ideas like this one? Get them exclusively at Hidden Dividend Stocks Plus. Learn More »

Looking for some high yield global exposure? The Calamos Global Dynamic Income Fund (CHW) invests 40% to 100% in foreign securities.

Fund Profile:

"The Fund seeks to provide a high level of current income with

40.32K Followers

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.