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Calamos Strategic Total Return Fund

CSQ

Market cap $3.21B

20.04 USD

+0.09

0.45%

At close Updated Oct 20, 10:35 AM EDT

1 day

0.45%

5 days

-1.38%

1 month

-4.21%

3 months

-0.99%

6 months

3.46%

Year to date

4.59%

1 year

4.92%

5 years

7.45%

10 years

99.2%

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

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 28.6%

Neutral 71.4%

Negative 0%

CSQ Bio® Announces CSQ Bio® – Surgical and Introduces INNESTO Rx™ Surgical Collagen Powder

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- #biologics--CSQ Bio® today announced the introduction of CSQ Bio® – Surgical, its surgical-focused business, and unveiled INNESTO Rx™, a CSQ Bio®-branded surgical collagen powder. National commercial sales of INNESTO Rx™ are scheduled to begin January 4, 2027. The underlying collagen product is FDA 510(k)-cleared. CSQ Bio® – Surgical will focus on national commercialization of surgical products, working with manufacturers and healthcare organizations on product introduct.

CSQ Bio® Announces CSQ Bio® – Surgical and Introduces INNESTO Rx™ Surgical Collagen Powder

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., Oct. 1, 2026 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in October 2026 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: Strong Performance, But Leverage And Fees Limit Upside

Calamos Strategic Total Return Fund is a $5.2B CEF focused on equities, convertibles, and high-yield credit, employing significant leverage. CSQ has delivered strong historical NAV returns and supports its sizable 7.8% dividend primarily through capital appreciation rather than income. Despite robust performance, I rate CSQ a Hold due to its current 7.8% discount not offering a sufficient margin of safety given 30% leverage and high fees.

CSQ: Strong Performance, But Leverage And Fees Limit Upside

CSQ: Positioned For Growth In A Higher-Rate Market

Calamos Strategic Total Return Fund is rated Buy, leveraging diversified equities and fixed income with a strong tilt toward information technology and financials. CSQ's overweight in AI-driven mega-cap tech and financials positions the fund for outperformance amid a risk-on market and ongoing AI capital investment cycles. Convertible bonds and preferred stock holdings add income durability, while 30% leverage aims to amplify returns despite macroeconomic volatility.

CSQ: Positioned For Growth In A Higher-Rate Market

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., Sept. 1, 2026 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in September 2026 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 Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CHW, CGO and CCD) Announce Private Placements Totaling $248.25 Million of Mandatory Redeemable Preferred Shares

METRO CHICAGO, Ill., Aug. 26, 2026 /PRNewswire/ -- The Boards of Trustees of six of Calamos Investments' closed-end funds (the Funds) today announced the issuance of additional series of mandatory redeemable preferred (MRP) shares totaling $248.25 million.

Calamos Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CHW, CGO and CCD) Announce Private Placements Totaling $248.25 Million of Mandatory Redeemable Preferred Shares

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., Aug. 3, 2026 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in August 2026 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: Trading Below Its Historical Discount

Calamos Strategic Total Return Fund remains a buy, trading at a 9.13% discount to NAV and offering a 7.8% dividend yield. CSQ's portfolio blends large-cap tech equities and income securities, but relies heavily on net realized gains to support distributions. Leverage at 27.78% and interest rate sensitivity present risks, especially if rates rise or tech sentiment shifts negatively.

CSQ: Trading Below Its Historical Discount

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., July 1, 2026 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in July 2026 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., June 1, 2026 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in June 2026 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

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