Diversification Made Easy (8% Yield)

The CSQ closed end fund delivers monthly income using equity trades, bonds, convertibles, loans, and preferred stocks, along with some leverage. Today's CSQ review covers the basics of the fund, the risks, and a discussion of pricing. If you like high yield dividend investing, I hope you enjoy this review of the Calamos Strategic Total Return Fund (Ticker CSQ).

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CSQ Analysis:

CSQ Summary data (from CEFConnect):
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Timestamps:
00:00 Introduction
00:49 CSQ Distributions and Yield
01:29 What is CSQ?
03:36 What is the CSQ Management Fee?
04:00 Bull case for CSQ
05:00 Bear case for CSQ (Risks)
08:00 CSQ Pricing
10:00 My Take on CSQ

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[armchairincomechannel]

Snowball Dividend Tracker (Create a Free Account, and the 10% Discount will appear under "Subscribe"):

[ivanh]

this guy is going to blow up soon. so much info, in an easy way to understand.

[JG-DivMan]

I really like your videos! I'm sick and tired of 15-20 minute videos on YT where little to nothing is said, or its all hype with nothing to back it up. You pack tons of useful, thought-stimulating information into 10 minutes -- something I truly appreciate.

Aside -- Nice to hear USA getting some love. I don't hear it mentioned a lot on the dividend-focused channels, but I've had it in my portfolio for many years and, overall, have been quite happy with it.

I've had my eye (casually) on CSQ for a while, but now that you've posted this video, I'm going to take a more thorough look to decide if it will have a place in my portfolio. I'm a little under the weather this weekend anyway, so it'll be the perfect opportunity to dig into some research. Cheers!

[DP]

Sunday morning coffee and some Armchair! Best part of my week. Thank you!

[momdittomomditto]

I’m always happy to see that you’ve dropped a new video. I appreciate your balanced research and I like learning about new-to-me funds. Great job on this one, as usual!

[TheMally]

Great video! (as always). Thank you for bringing this one to our attention.

[xyz-ufuk]

I like CSQ too, the only downside is that the volatility is a bit higher from the use of leverage. Thanks for covering.

[KevinOpar]

I love Calamos funds. I’ve owned them for years and have been happy with them the whole time.

[Seoulsearch]

Great information as always and thank you for the interesting filming locations! 👍🏼

[AmeriGlobal]

CSQ, EOS, EOI, ADX, and USA are all pretty decent total returns. AIO and ACV have shorter histories but not too bad either.

[ILoveTheUnitedStates]

I am really interested! I will be doing some more research. I think it will definitely be a buy at least for me. Can’t wait for your next video!

[dakkon]

Nice find. I'd suggest you leave the slides up for maybe 1sec longer. I found myself having to rewind a bunch and/or pause, trying to read them. I guess I am getting old.

[AnyangU]

Thank you for the video! That was interesting and informative.

[hulenbryant]

Not surprising, another great video. This fund is very intriguing. As I'm looking to move much of my investments into income generating investment I was just thinking last night about looking for equity funds with higher yield distributions outside of covered calls. I think the S&P 500 comparison is perfect. It's pretty much everyone's benchmark when it comes to measuring investing success. When we're looking at these alternative investments, that's what I want to see. How do they compare to the market. CSQ may be the diversity I'm looking for. I wasconcerned about tax implications, but it does appear the vast majority of the income is either long-term cap. gains ro R.O.C. Lots to like about this fund.

[markhoffman]

EOI has similar results without the use of leverage. its worth a look.

[JG-DivMan]

I'd like to see you review a couple of the other Calamos funds -- like CCD and CHY. Would love to hear your thoughts on them.

[jaypaladin-havesmartswilll]

I like this stock. CSQ moves like ABR with similar high dividends but a little less volatility. There will be deeper declines than the S&P 500 but you will get 7x the dividends with CSQ.

[ExplorerJimBo]

I’ve owned CSQ for 5.5 yrs. I’ve just reinvested the dividends and have a CAGR of 14.3 %. My advice is wait for a pullback. People panicked during the pandemic and the discount shot up to 17%. I added more and it worked out great. Hope to never see that discount again, but CEFs don’t always act rationally.

[alexonthemountain]

I like it. Nice divi and good price action on the chart as well👍

[PierceStone]

Thanks for another great vid. at around 1:50 and just over 6mins you mention ROC and Nav erosion. I"m having some difficulty getting a handle on how much care & feeding some of these investments require for maintenance - especially CC ETSs. I understand your preference for 8% and reinvesting distributions in excess of 8% but is there generally any documentation that describes each fund's ROC. (love to know this for Max etfs) I"ve been parsing tax docs/prospectus but its unclear. Must a wait for EOY statements? THANKS!