Home ETFs and Funds Analysis Closed End Funds Analysis Summary The Calamos Convertible & High Income Fund (CHY) offers a 9.35% yield, blending convertible bonds and high-yield corporates for both income and capital appreciation. CHY's portfolio is heavily weighted toward convertible bonds (69.09%), providing inflation protection and diversification away from the 'Magnificent 7' tech stocks. CHY consistently covers its distribution through realized gains and leverage, supporting its high yield and monthly payout reliability. Currently trading at a 1.81% discount to NAV—rare for CHY—its valuation is attractive relative to historical averages and peers. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate.…