3 Closed-End Fund Buys In The Month Of December 2025

We've finished off another strong year for the broader equity market, giving the S&P 500 Index its third year of double-digit gains. However, this has raised some concerns of potential overvaluation and concentration within the mega-cap tech stocks, the Magnificent 7, which have been driving most of the gains. Given that, I've been allowing my cash pile to continue to grow as I have since April 2025 and keeping some dry powder ready for a potential correction.

Seeking Alpha • Jan 15, 2026

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 to Raise Monthly Distribution METRO CHICAGO, Ill. , Dec. 18, 2025 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in 2026 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans.

PRNewsWire • Dec 18, 2025

CSQ: 6% Yielding CEF At A 7% Discount

Calamos Strategic Total Return Fund offers a diversified, high-yield portfolio with a 6% yield and a 7.7% discount to NAV. CSQ's recent distribution coverage is weak, with only 20% covered by NII and realized gains in the last six months, raising concerns. Leverage, interest rate risk and a high allocation to unrated bonds add to CSQ's risk profile despite strong long-term NAV growth.

Seeking Alpha • Nov 16, 2025

CSQ: An Excellent Hybrid Fund For The Income Investors; But Is It A Buy?

Calamos Strategic Total Return Fund offers a strong blend of income and growth, with a 6.7% yield and long-term returns matching the S&P 500. CSQ has a solid record of nearly 21 years, providing its owners with good income and capital appreciation at the same time. We believe it is a solid, diversified fund for income investors. However, the valuation is rich and the yield is somewhat lower than usual , though the discount is decent.

Seeking Alpha • Aug 31, 2025

CSQ: Attractive Valuation For This Blended CEF

I maintain my buy rating on CSQ due to its attractive 4.7% discount to NAV and strong exposure to high-quality equities. CSQ's blended strategy offers both capital appreciation and a high 6.7% yield, appealing to long-term, income-focused investors. Leverage and high interest rates pose risks to NAV and income, but the fund's diversified holdings and monthly distributions remain compelling.

Seeking Alpha • Aug 22, 2025

CSQ: Could Have Been More Multi Asset, But It Works

CSQ offers a compelling mix of income and capital growth, with active management and multi-asset diversification, making it attractive for income-focused investors. Liquidity is strong for a CEF, but investors should be mindful of bid-ask spreads and enter positions gradually to optimize discount to NAV. The fund maintains a healthy payout yield (~7.5%) without eroding NAV, supporting both income growth and capital preservation over time.

Seeking Alpha • Jun 10, 2025

CSQ: Continuing To Outperform And Good Wealth Protection Against Dollar Devaluation

CSQ offers a compelling way to preserve purchasing power and generate attractive total returns, outperforming bonds and peers over the past decade, especially during inflation. The fund's heavy equity and convertible allocation, with increased exposure to mega-cap tech stocks, has delivered strong recent performance but introduces concentration risk. Currently trading at a modest discount to NAV, CSQ is more expensive than peers, but its superior long-term track record justifies the premium.

Seeking Alpha • Jun 9, 2025

7 Closed-End Fund Buys (And 4 Sells) In The Month Of April 2025

April's market volatility, driven by tariffs and led by tech sector declines, created opportunities to deploy cash. However, it was an opportunity to reposition my portfolio as well, with 2 swap trades to de-risk my portfolio. There were 2 corporate actions in the last month that also saw two more positions removed from my CEF portfolio, but overall, I was a net buyer for the month.

Seeking Alpha • May 14, 2025

2 Volatile Closed-End Funds To Consider Amid Market Panic

Closed-end funds (CEFs) often use leverage in an attempt to boost returns, making them volatile and sensitive to corrections and bear markets. This additional volatile nature of leverage is also on top of the discount/premium mechanic that also adds even further increased volatility. Usually, in market sell-offs, the leverage combined with the discount/premiums make these trades particularly wildly, but that is also where the best opportunities tend to be in these investment wrappers.

Seeking Alpha • Apr 8, 2025

CSQ: A Good Alternative To An S&P 500 Index Fund For Income-Seekers

The Calamos Strategic Total Return Fund offers a 7.41% yield, significantly higher than major indices, making it appealing for income-focused investors like retirees. Despite its lower yield compared to peers, the CSQ fund's distribution appears to be viewed as sustainable by the market. The fund's high exposure to technology stocks and leverage has led to recent underperformance, but its overall total return remains competitive with the S&P 500.

Seeking Alpha • Mar 24, 2025