CSQ - Calamos Strategic Total Return Fund

What this means for you

One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. Sept 11, 2026

   Equitable Holdings now owns 19.9%, as a passive investor.

   Original document →

2. July 24, 2026

   The fund said it will repay some borrowed money.

   Original document →

About this fund

• Run by Calamos Advisors LLC. Part of the Calamos Family of Funds fund family. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $3.48 billion of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 35% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. About 17% of that is money the fund has borrowed by selling preferred shares. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.4% a year in management fees; 3.7% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $1.14 a share. $0.76 of that was income; $0.38 came from gains. As of Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $20.83. The shares traded at $19.30, about 7.4% below that. As of Oct 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 5.8% below to 3.9% above. As of Oct 31, 2023, from the fund's annual report. Original document →
• How the holdings did: up 3.4% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +30.8%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Oct 31, 2025): the value of the holdings returned +23.5%. How the share price did: the shares returned +11.2% over the same year, counting payouts and the change in the market price. As of Oct 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2004.

What the fund holds

Mostly shares (69%), the rest bonds, preferred shares and loans. About 94% issued in the U.S.

The fund also sells options on its holdings to raise income.

1. Nvidia - 7.4%
2. Alphabet - 6.9%
3. Apple - 6.7%
4. Microsoft - 5%
5. Amazon.com - 4.9%
6. Broadcom - 3.6%
7. Meta Platforms - 2.4%
8. Tesla - 2%
9. GE Vernova - 1.8%
10. JPMorgan Chase & - 1.7%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →