Calamos Strategic Total Return Fund
CSQ

$16.72

0.06%

Market Cap: 2.68B

About: Calamos Strategic Total Return Fund is a diversified, closed-end management investment company. The fund's investment strategy is to provide total return through a combination of capital appreciation and current income. Its investment portfolio consists of equities, convertible securities and high-yield corporate bonds.

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Funds holding %

of 6,702 funds

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Analysts bullish %

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News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

28% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 46

19% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 16

13% more capital invested

Capital invested by funds: $453M [Q4 2023] → $512M (+$58.8M) [Q1 2024]

2% more funds holding

Funds holding: 169 [Q4 2023] → 172 (+3) [Q1 2024]

0.52% more ownership

Funds ownership: 19.21% [Q4 2023] → 19.72% (+0.52%) [Q1 2024]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 0 (-1) [Q1 2024]

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Research analyst outlook

We haven’t received any recent analyst ratings for CSQ.

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Financial journalist opinion

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO , July 1, 2024 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in July 2024 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans. Fund Distribution Payable date Record date Ex-dividend date CHI (inception 06/26/2002) Calamos Convertible Opportunities and Income Fund $0.0950 7/19/24 7/12/24 7/12/24 CHY (inception 05/28/2003) Calamos Convertible and High Income Fund $0.1000 7/19/24 7/12/24 7/12/24 CSQ (inception 03/26/2004) Calamos Strategic Total Return Fund $0.1025 7/19/24 7/12/24 7/12/24 CGO (inception 10/27/2005) Calamos Global Total Return Fund $0.0800 7/19/24 7/12/24 7/12/24 CHW (inception 06/27/2007) Calamos Global Dynamic Income Fund $0.0500 7/19/24 7/12/24 7/12/24 CCD (inception 03/27/2015) Calamos Dynamic Convertible and Income Fund $0.1950 7/19/24 7/12/24 7/12/24 CPZ (inception 11/29/2019) Calamos Long/Short Equity & Dynamic Income Trust $0.1400 7/19/24 7/12/24 7/12/24 The following table provides estimates of Calamos Global Total Return Fund's and Calamos Global Dynamic Income Fund's distribution sources, reflecting YTD cumulative experience.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

CORRECTION: Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO, Ill. , June 4, 2024 /PRNewswire/ -- Calamos Investments®* has announced corrections to monthly distributions and sources of distributions paid in June 2024 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

CORRECTION: Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO, Ill. , June 3, 2024 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in June 2024 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

The 3 Best Closed-End Funds to Buy in May at a Discount

Closed-end funds are like initial public offerings in that, an initial share amount is sold to the public. With a few exceptions, they are then “closed” to new capital, which explains where they get their name.

The 3 Best Closed-End Funds to Buy in May at a Discount

CSQ: Impressive Track Record But Not Impressively Priced

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.

CSQ: Impressive Track Record But Not Impressively Priced

CSQ: Increasing Exposure To Magnificent 7 Bad For Diversification

Calamos Strategic Total Return Fund offers a 7.92% yield, providing income-focused investors with a high level of income and equity exposure. The fund has outperformed convertible securities and investment-grade bonds but underperformed large-cap stocks over the past few months. CSQ's leverage ratio is 30.56%, which is higher than many of its peers, but it also delivered better trailing five-year performance.

CSQ: Increasing Exposure To Magnificent 7 Bad For Diversification

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO, Ill. , May 1, 2024 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in May 2024 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO, Ill. , March 1, 2024 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in March 2024 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

METRO CHICAGO, Ill. , March 1, 2024 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in March 2024 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution

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

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.

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

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