Calamos Global Dynamic Income Fund (NASDAQ: CHW) is a closed-end investment company managed by Calamos Advisors LLC, a specialist in income and convertible strategies since 1977. The fund seeks to provide investors with high current income and total return by investing in a diversified portfolio of global fixed-income and equity-related securities. As a globally focused vehicle, CHW taps into both developed and emerging markets to capture income opportunities that may be unavailable through domestic-only strategies.
The fund’s primary investment activities include purchasing corporate debt instruments such as investment-grade and high-yield bonds, sovereign and quasi-sovereign securities, convertible bonds, preferred stocks and dividend-paying equities. In addition to traditional income-generating assets, CHW employs an options overlay strategy designed to enhance yield and manage portfolio volatility. Through active duration management and dynamic sector allocation, the fund adjusts its exposure to interest-rate risk, credit risk and currency movements in response to changing market conditions.
Calamos Global Dynamic Income Fund leverages a disciplined, research-driven approach combining top-down macroeconomic analysis with bottom-up security selection. Portfolio managers can allocate flexibly across regions—covering North America, Europe, Asia-Pacific and select emerging markets—to pursue relative-value opportunities. This flexibility allows the fund to rotate among sectors and geographies, seeking pockets of attractive yield while maintaining risk controls through rigorous credit underwriting and scenario analysis.
Calamos Advisors, the fund’s sponsor, was founded by John P. Calamos Sr., who remains active as chairman and global co-CEO, with Christine Calamos serving as co-CEO. The firm operates from offices in Chicago, London and Singapore, supporting a veteran team of credit analysts, macro strategists and portfolio managers. Under this leadership, CHW has sought to build on Calamos’ long-standing expertise in convertible and credit markets, offering a single point of access to a broad array of global income streams within a professional, actively managed framework.
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