CHY: Discounted Valuation On This Steady Convertible Fund (Rating Upgrade)

2025-10-03 13:12:10 ET

Overview

With market indexes continuing to break new all time highs, investors may start to get a bit cautious about the possibility of a pullback in the near-term. Additionally, we still see uncertainty in the markets related to things like how tariffs will impact industries, or the U.S. government shutdown . Income funds like Calamos Convertible & High Income Fund ( CHY ) can be an efficient way to hedge against these uncertainties. When I previously covered CHY, I issued a Hold rating due to the premium valuation and heavy use of leverage. Since then, there have been some shifts in the macroeconomic environment, so I wanted to revisit this fund to provide updated insights into its performance and outlook for the remainder of 2025....

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