Calamos Global Total Return Fund Common Stock (CGO)

FairStock Score: 59/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start by asking what this thing actually is. Calamos Global Total Return Fund is a closed-end balanced fund, investing globally across equities, convertible bonds, and high-yield corporate bonds. That gives diversification, but it does not give the durable competitive moat I look for in an operating business; the fund's results depend on manager skill, leverage, and credit/equity markets. The numbers are mixed. At the 2026-10-13 close of $12.48, FairStock calculates a P/B of 0.87 and a P/E of 2.79. Its Graham Number is $36.31, implying a 65.63% margin of safety, and the dividend yield is 8.40%. Those are superficially cheap. But I am wary of weak quality markers. FairStock's Piotroski F-Score is only 1/9, its Altman Z-Score is 1.37, and ROCE is 0.25%, even though ROE is 35.32%. That combination suggests leverage or accounting effects rather than a robust capital-generating machine. Financial health is further clouded by a debt-to-equity ratio of 0.42 and no filed revenue or profit growth data. The Lynch category is none because there are only zero years of filed results, far short of the three needed. So I cannot judge growth or consistency. The FairStock score of 59/100 is only middling. A high yield and discount to book can be attractive, but for a closed-end fund the distribution must ultimately be covered by returns; otherwise it erodes NAV. I would need more filed history before calling this a bargain rather than a value trap.

In plain English: Calamos Global Total Return Fund is a fund that trades like a stock and invests worldwide in stocks, convertible bonds, and high-yield bonds. The figures show it looks inexpensive compared with its accounting value and pays a high income, but its safety checks are weak and there is very little reported history to judge.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer