Calamos Strategic Total Return Fund: A Closed-End Fund for Enhanced Income and Protection Against Dollar Devaluation.

The Calamos Strategic Total Return Fund (CSQ) is a closed-end fund offering a more attractive income level than domestic indices. It is designed to provide wealth protection against dollar devaluation and has consistently outperformed. CSQ is a suitable investment for those seeking higher income without compromising on returns.

The Calamos Strategic Total Return Fund (CSQ) has emerged as a compelling option for investors seeking high income without compromising on returns. As a closed-end fund, CSQ offers a more attractive income level compared to domestic indices. This fund, managed by Calamos Investments LLC, invests in a diversified portfolio of public equity and fixed income securities in the United States [1].

CSQ's strategy focuses on providing wealth protection against dollar devaluation, making it an appealing choice for investors concerned about currency fluctuations. The fund's portfolio includes common and preferred stocks, convertible securities, and high-yield corporate bonds, with an average credit rating of BB as rated by S&P. This diversified approach helps to mitigate risk while offering a robust income stream [1].

One of the standout features of CSQ is its high dividend yield. As of the latest reports, the fund offers a yield of 7.41%, significantly higher than major indices. This makes it particularly attractive to income-focused investors, such as retirees, who are looking to maximize their returns while generating steady income [2].

The fund's performance has been consistently impressive. Over the past decade, CSQ has delivered a 267.61% return, outperforming many equity indices. Despite its high equity allocation, the fund has managed to maintain a solid track record of capital appreciation alongside its income distribution [2].

In recent trading sessions, CSQ has shown signs of strength. The stock price gained 2.27% since May 28, 2025, and has risen by 3.3% over the past two weeks. Analysts have upgraded the stock from Hold/Accumulate to Strong Buy Candidate, indicating positive sentiment from the investment community [2].

However, investors should be aware that CSQ's high income comes with a degree of volatility. Closed-end funds (CEFs) often use leverage to boost returns, making them sensitive to market corrections and bear markets. This additional volatility is something investors should consider when evaluating the fund [3].

In conclusion, the Calamos Strategic Total Return Fund (CSQ) offers a compelling combination of high income and capital appreciation. Its diversified portfolio, strong performance history, and attractive dividend yield make it a suitable investment for those seeking higher income without compromising on returns. As with any investment, it is essential to conduct thorough research and consider your risk tolerance before making a decision.

References:
[1] https://stockanalysis.com/stocks/csq/
[2] https://stockinvest.us/stock/CSQ
[3] https://seekingalpha.com/