Portfolio Commentary

View an analysis of Calamos investment strategies and products. The investment team provides a review of the markets, portfolio actions and their perspective of the challenges and opportunities facing our strategies today.

U.S. EQUITY

Growth Fund Quarterly Commentary A quarterly update of the Calamos Growth Fund’s performance, positioning, related market commentary and outlook.
Growth and Income Fund Quarterly Commentary A quarterly update of the Calamos Growth and Income Fund’s performance, positioning, related market commentary and outlook.
Value Fund Quarterly Commentary A quarterly update of the Calamos Value Fund’s performance, positioning, related market commentary and outlook.
Focus Growth Fund Quarterly Commentary A quarterly update of the Calamos Focus Growth Fund’s performance, positioning, related market commentary and outlook.
Discovery Fund Quarterly Commentary A quarterly update of the Calamos Discovery Growth Fund’s performance, positioning, related market commentary and outlook.
The Calamos Approach to Value The Calamos Value team takes an active approach to value investing, reflecting their view that superior returns can be earned over time by investing in good businesses at value prices, actively managing positions to source incremental returns and limit losses, and holding stocks only until they are appropriately valued.

GLOBAL/INTERNATIONAL

Global Growth and Income Fund Quarterly Commentary A quarterly update of the Calamos Global Growth and Income Fund’s performance, positioning, related market commentary and outlook.
International Growth Fund Quarterly Commentary A quarterly update of the Calamos International Growth Fund’s performance, positioning, related market commentary and outlook.
Global Equity Fund Quarterly Commentary A quarterly update of the Calamos Global Equity Fund’s performance, positioning, related market commentary and outlook.
Evolving World Growth Fund Quarterly Commentary A quarterly update of the Calamos Evolving World Growth Fund’s performance, positioning, related market commentary and outlook.

CONVERTIBLE

Convertible Fund Quarterly Commentary A quarterly update of the Calamos Convertible Fund’s performance, positioning, related market commentary and outlook.

ALTERNATIVE

Market Neutral Income Fund Quarterly Commentary A quarterly update of the Calamos Market Neutral Income Fund’s performance, positioning, related market commentary and outlook.

FIXED INCOME

High Income Fund Quarterly Commentary A quarterly update of the Calamos High Income Fund’s performance, positioning, related market commentary and outlook.
Total Return Bond Fund Quarterly Commentary A quarterly update of the Calamos Total Return Bond Fund’s performance, positioning, related market commentary and outlook.
FEATURED MULTIMEDIA
John P. Calamos, Sr. on CNBC 4/30/13
April, 2013 John P. Calamos, Sr. explains his thoughts on the current market environment and the opportunity he sees in equities.
John P. Calamos, Sr. on CNBC 3/27/13
March, 2013 John P. Calamos, Sr. explains his thoughts on the current market environment and the opportunity he sees in equities.

Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.

Calamos Financial Services LLC, Distributor

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Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC.

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