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Calamos Global Convertible Fund posts 0.50% return in Q1 2026, lagging FTSE index's 2.00% gain.

Company Fundamentals
28 Apr 2026
Seeking Alpha
View Source
Neutral
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In Q1 2026, the Calamos Global Convertible Fund returned 0.50%, underperforming the FTSE Global Convertible Index which gained 2.00%. The fund's positive returns were driven by strategic security selection and an overweight in energy sectors, particularly integrated oil & gas and related services. Notable contributors included Lumentum Holdings and Seagate Technology, benefiting from AI/cloud data center growth and strong earnings, respectively. However, Unity Software's stock declined due to concerns over slowing ad revenue and restructuring impacts. This performance highlights the fund's selective sector focus amid mixed market conditions.

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