CALAMOS STRATEGIC TOTAL RETURN FUND
Actively managed U.S. stock closed-end fund
As of its 2026 Q2 report, CALAMOS STRATEGIC TOTAL RETURN FUND held 804 positions with $3.48B in net assets. Its ten largest holdings made up 42.4% of the fund. Over the 12 months to May 2026, CSQ returned 28.3%, with dividends reinvested. In 2026 Q3 it added 107 new positions and exited 91.
CALAMOS STRATEGIC TOTAL RETURN FUND is actively managed U.S. equity closed-end fund.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 7.38% | $256.95M | 1.3M | $199.57 |
GOOGLAlphabet Inc | 6.88% | $239.44M | 622.3K | $384.80 |
AAPLApple Inc | 6.71% | $233.57M | 860.8K | $271.35 |
MSFTMicrosoft Corp | 5.01% | $174.35M | 427.6K | $407.78 |
AMZNAmazon.com Inc | 4.92% | $171.39M | 646.6K | $265.06 |
AVGOBroadcom Inc | 3.59% | $125.12M | 299.7K | $417.43 |
2.43% | $84.58M | 138.2K | $611.91 | |
TSLATesla Inc | 2.00% | $69.70M | 182.6K | $381.63 |
1.83% | $63.61M | 58.7K | $1,083.46 | |
1.71% | $59.67M | 190.5K | $313.23 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 804 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.73% |
| Bonds | 33.33% |
| Loans | 4.10% |
| Derivatives | 0.28% |
| 2 smaller | 0.22% |
Look-through blends 5 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Information Technology
- 28.5%
- Financials
- 10.4%
- Consumer Discretionary
- 9.2%
- Health Care
- 9.2%
- 11 other sectors
- 42.7%
- Information Technology
- 28.5%
- Financials
- 10.4%
- Consumer Discretionary
- 9.2%
- Health Care
- 9.2%
- Communication Services
- 8.6%
- Industrials
- 8.4%
- Other
- 7.9%
- International
- 4.3%
- Consumer Staples
- 3.7%
- Energy
- 3.5%
- Utilities
- 2.9%
- Materials
- 1.9%
- Real Estate
- 1.4%
- Government
- 0.0%
- Securitized
- 0.0%
How it has done
CSQ share class · total returns with dividends reinvested
Volatility over the last 12 months: 19.80%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
CALAMOS STRATEGIC TOTAL RETURN FUND is an actively managed U.S. equity closed-end fund. 20% of CSQ’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Closed-end fund
This fund files no prospectus profile. Unit investment trusts and closed-end funds register on forms that carry no objective or fee tagging, and some fund families file without it — a gap in what was filed, not a fund without an objective or without fees.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
107 new· the largest 7
91 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 69.2% |
| Zero-coupon or unclassified | 21.1% |
| Floating rate | 9.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.2% |
| 1-3y | 25.4% |
| 3-5y | 41.9% |
| 5-10y | 27.9% |
| 10y+ | 3.6% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 61% |
| Interest rates | 39% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +0.85 yr |
| Investment grade | +0.21 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 3 mo | 0.01 yr | 1% |
| 1 yr | 0.17 yr | 24% |
| 5 yr | 0.42 yr | 62% |
| 10 yr | 0.07 yr | 11% |
| 30 yr | 0.01 yr | 2% |
| 3 mo | 0.02 yr | 2% |
| 1 yr | 0.32 yr | 30% |
| 5 yr | 0.62 yr | 58% |
| 10 yr | 0.09 yr | 9% |
| 30 yr | 0.02 yr | 2% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.01 | +0.00 | +0.02 | $434 | $5.4k |
| 1 yr | +0.17 | +0.08 | +0.24 | $28.3k | $82.6k |
| 5 yr | +0.42 | +0.10 | +0.51 | $36.3k | $178.3k |
| 10 yr | +0.07 | +0.02 | +0.07 | $7.6k | $24.7k |
| 30 yr | +0.01 | +0.01 | +0.01 | $2.0k | $3.6k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — CSQ, QQQ and the fund in my 401(k)?”
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