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Growth Fund (CGRIX)

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Overview

The fund invests in the equities of U.S. companies with a range of market capitalizations that we believe offer the best potential for growth.

Key Features

  • Utilize more than two decades of extensive research experience in growth investing
  • Active management focuses on top-down views and bottom-up fundamentals
  • Research-driven approach identifies opportunities by combining top-down analysis with a focus on key growth characteristics

Portfolio Fit

This actively-managed fund seeks to provide attractive returns through its emphasis on higher growth companies primarily in large and mid cap arenas.

Return on Invested Capital

AS OF 3/31/18

Debt/Capital

AS OF 3/31/18

Important Fund Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus.

The principal risks of investing in the Calamos Growth Fund include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, mid-sized company risk, foreign securities risk and portfolio selection risk.

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

NOTES

Debt/Capital Ratio-Is a measure of a company s financial leverage, calculated as the company’s debt divided by its total capital.

ROIC (Return On Invested Capital)-Measures how effectively a company uses the money invested in its operations, calculated as a company’s net income minus any dividends divided by the company’s total capital.

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.

Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Fund Details

As of 4/24/18
Inception Date:
9/18/97
Current NAV:
$43.35
$ Change:
($0.79)
% Change:
-1.79%
Net Assets*
1.6 bil
(*Total Net Assets as of 3/31/18)

Zephyr Analysis


Create real time reports on performance, risk analysis, peer group analysis, style attribution and more on the Calamos Investment Professional site.

Resources

Calendar Year Total Returns

AS OF 3/31/18

Growth of 10K

Annualized Total Returns

AS OF 3/31/18
Calamos (NAV)9.02%18.92%7.88%12.52%7.35%9.72%10.98%11.02%
(Load-Adjusted)%%%%%%%%
Russell Midcap9.13%19.74%9.17%13.31%10.61%12.12%7.85%8.08%
Russell 30009.20%21.06%12.57%15.32%11.31%10.96%6.18%6.78%

The Fund's Gross Expense Ratio is 1.15% as of the prospectus dated 3/01/18

10k Performance is for the Fund’s Class A shares at net asset value and does not include the Fund’s maximum front-end sales charge of 4.75%—had it been included, the Fund’s return would have been lower. Index data shown is from 8/31/90, since comparative index data is available only for full monthly periods. Source: State Street Corporation, Lipper, Inc. and Mellon Analytical Solutions, LLC.

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund’s maximum front-end sales load of 4.75% had it been included, the Fund’s return would have been lower. Calendar year returns measure net investment income and capital gain or loss from portfolio investments for each period specified. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions. The Fund also offers Class B and C Shares, the performance of which may vary.

The offering price for Class I shares is the NAV per share with no initial sales charge. There are no contingent deferred sales charges or distribution or service fees with respect to Class I shares. The minimum initial investment required to purchase each Fund’s Class I shares is $1 million. Class I shares are offered primarily for direct investment by investors through certain tax-exempt retirement plans (including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans, defined benefit plans and non qualified deferred compensation plans) and by institutional clients, provided such plans or clients have assets of at least $1 million. Class I shares may also be offered to certain other entities or programs, including, but not limited to, investment companies, under certain circumstances.

Russell Midcap® Growth Index-Measures the performance of those Russell Midcap companies whose average market capitalization is approximately $4.2 billion, with higher price-to-book ratios and higher growth values.

Russell 3000 Growth Index-Measures the performance of the broad growth segment of the U.S. equity universe. It includes those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values.

S&P 500 Index-Is generally considered representative of the U.S. stock market.

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.

Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Sector Weightings

AS OF 3/31/18
% of Assets Russell 3000 Growth Index
Information Technology 34.6% 37.6%
Consumer Discretionary 17.9% 18.2%
Health Care 13.2% 13.5%
Financials 11.6% 3.7%
Industrials 10.3% 13.1%
Consumer Staples 3.5% 6.1%
Energy 1.8% 0.9%
Materials 1.6% 3.6%
Utilities 0.0% 0.1%
Real Estate 0.0% 2.5%
Telecom Services 0.0% 0.9%

Asset Allocation

AS OF 3/31/18

Top 10 Holdings

Adobe Logo View All Holdings AS OF 3/31/18
Company Security Type Industry
%
Apple, Inc. Common Stocks Technology Hardware, Storage & Peripherals 5.2%
Alphabet, Inc. - Class A Common Stocks Internet Software & Services 5.1%
Facebook, Inc. - Class A Common Stocks Internet Software & Services 4.9%
Microsoft Corp. Common Stocks Systems Software 3.8%
Amazon.com, Inc. Common Stocks Internet & Direct Marketing Retail 3.2%
Johnson & Johnson Common Stocks Pharmaceuticals 2.0%
Visa, Inc. - Class A Common Stocks Data Processing & Outsourced Services 2.0%
Baxter International, Inc. Common Stocks Health Care Equipment 2.0%
Delta Air Lines, Inc. Common Stocks Airlines 2.0%
Intercontinental Exchange, Inc. Common Stocks Financial Exchanges & Data 1.8%
Total 32.0%

Fund Facts

AS OF 3/31/18


Fund Russell 3000 Growth Index
Total Net Assets $1.6 billion --
# of Holdings 79 1,730
Price/Book 3.9x 6.2x
Price/Earnings 21.7x 23.3x
Price/Sales 2.8x 2.4x
PEG Ratio 1.6x 1.8x
Debt/Capital 38.3% 46.4%
ROIC 22.1% 23.9%
Portfolio Turnover (12 months) 67.2% --

Market Capitalization

AS OF 3/31/18
Market %
> $105bil 39.5%
$29bil - $105bil 28.6%
$10bil - $29bil 21.7%
$4bil - $10bil 6.6%
< $4bil 3.6%

Regional Exposure

AS OF 3/31/18
Region %
North America 93.3%
Europe 1.2%
Caribbean 0.0%
Asia/Pacific 0.0%
Latin America 0.0%

Top Country Exposures

AS OF 3/31/18
Country%
United States 92.3%
Germany 1.2%
Canada 1.0%
China 0.0%
Australia 0.0%
Bermuda 0.0%
Jersey 0.0%
India 0.0%
Ireland 0.0%
Israel 0.0%

Top Currency Exposures

AS OF 3/31/18
Currency%
United States Dollar (USD) 98.7%
Euro (EUR) 1.3%

Top 10 Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government / sovereign bonds or broad based index hedging securities the portfolio may hold. You can obtain a complete listing of holdings by visiting www.calamos.com.

Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

Important Fund Information

Annualized Standard Deviation-A statistical measure of the historical volatility of a mutual fund or portfolio.

Beta-Is a historic measure of a fund’s relative volatility, Which is one of the measures of risk; a beta of 0.5 reflects 1/2 the market’s volatility as represented by the Fund’s primary benchmark, while a beta of 2.0 reflects twice the volatility.

PEG Ratio-Represents a stock’s price/earnings ratio divided by estimated earnings growth rate in the next year; a lower PEG indicates that less is being paid for each unit of earnings growth. Price/book ratio is the stock’s capitalization divided by its book value. Price/earnings ratio is the current stock price over trailing 12-month earnings per share. Price/sales ratio is a stock’s capitalization divided by its sales over the trailing 12 months. EPS growth (5 years) represents the historical weighted earnings per share growth of holdings. Russell Midcap Growth Index—Measures the performance of the midcap growth segment of the U.S. equity universe and includes companies with higher price-to-book ratios and higher forecasted growth values.

Russell Midcap® Growth Index-Measures the performance of those Russell Midcap companies whose average market capitalization is approximately $4.2 billion, with higher price-to-book ratios and higher growth values.

Russell 3000 Growth Index-Measures the performance of the broad growth segment of the U.S. equity universe. It includes those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values.

S&P 500 Index-Is generally considered representative of the U.S. stock market. The Russell 3000 Growth Index measures the performance of those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values. The stocks in this index are also members of either the Russell 1000 Growth or the Russell 2000 Growth indexes. Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown.

Important Risk Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus. The principal risks of investing in the Calamos Growth Fund include: equity securities risk, growth stock risk, mid-sized company risk, foreign securities risk and portfolio selection risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries. Before investing, carefully consider the Fund’s investment objectives, risks, charges and expenses. Contact 800.582.6959 for a prospectus containing this and other information. Read it carefully.

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.

Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Total Capital Gains

  
20174.4658
20161.2028
201510.9405
201410.1314
201315.2925
20123.7276
20112.1501
20100.0000
20090.0000
20080.0000

Schedule

   
Distributions Annually
Capital Gains Annually

Distributions

Choose a year  
Income Total Reinvest
4Q 2017 0.00000 0.00000 42.34000
4Q 2016 0.00000 0.00000 37.53000
4Q 2015 0.00000 0.00000 38.85000
4Q 2014 0.00000 0.00000 48.29000
1Q 2014 0.00000 0.00000 0.00000
4Q 2013 0.00000 0.00000 52.55000
3Q 2013 0.00000 0.00000 0.00000
2Q 2013 0.00000 0.00000 0.00000
1Q 2013 0.00000 0.00000 0.00000
4Q 2012 0.00000 0.00000 52.72000
3Q 2012 0.00000 0.00000 0.00000
2Q 2012 0.00000 0.00000 0.00000
1Q 2012 0.00000 0.00000 0.00000
4Q 2011 0.00000 0.00000 50.86000
3Q 2011 0.00000 0.00000 0.00000
2Q 2011 0.00000 0.00000 0.00000
1Q 2011 0.00000 0.00000 0.00000
4Q 2010 0.00000 0.00000 0.00000
3Q 2010 0.00000 0.00000 0.00000
2Q 2010 0.00000 0.00000 0.00000
1Q 2010 0.00000 0.00000 0.00000
4Q 2009 0.00000 0.00000 0.00000
3Q 2009 0.00000 0.00000 0.00000
2Q 2009 0.00000 0.00000 0.00000
1Q 2009 0.00000 0.00000 0.00000
4Q 2008 0.00000 0.00000 0.00000
3Q 2008 0.00000 0.00000 0.00000
2Q 2008 0.00000 0.00000 0.00000
1Q 2008 0.00000 0.00000 0.00000
Adobe Logo Most Recent Distributions

For more information about the Funds such as sector weightings, top holdings, credit ratings and distribution rates, please contact Client Services at 800-582-6959.

Each Fund is a series of Calamos Investment Trust. The investment adviser to the Funds is Calamos Advisors LLC. The Calamos Family of Funds offers a range of investment strategies for individual investors with diverse investment objectives and needs. For more information on the Funds, please call 800-582-6959.

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.

Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Annual Expenses

A Shares C Shares I Shares
Total Expense Ratio1.402.151.15
Net Expense Ratio1.402.151.15
Transaction Fee0.000.000.00
Redemption Fee0.000.000.00

Investment Information

A Shares C Shares I Shares
Minimum initial investment$2,500$2,500$1 million
Minimum subsequent investments$50$50$0
IRA initial investments$500$500N/A

Fund Information

A Shares C Shares I Shares
Inception Date9/04/909/03/969/18/97
Ticker SymbolCVGRXCVGCXCGRIX
CUSIP number128119302128119856128119807

Sales & Distribution

A Shares C Shares I Shares
Sales loadFront-endLevel-loadN/A
Maximum Sales Charge4.75%1.00%N/A
US Bank Fund Number606620630
DistributionsAnnual dividends; annual capital gains

For more information about the Funds such as sector weightings, top holdings, credit ratings and distribution rates, please contact Client Services at 800-582-6959.

Each Fund is a series of Calamos Investment Trust. The investment adviser to the Funds is Calamos Advisors LLC. The Calamos Family of Funds offers a range of investment strategies for individual investors with diverse investment objectives and needs. For more information on the Funds, please call 800-582-6959.

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.

Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Growth Fund Commentary
Calamos Growth Fund Quarterly Commentary A quarterly update of the Calamos Growth Fund’s performance, positioning, related market commentary and outlook.
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Growth Fund Fact Sheet
Calamos Growth Fund Fact Sheet The Growth Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
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Calamos Growth Fund Prospectus This summary contains important information about the Class A, B, C, I, and T Growth Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.
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Calamos Mutual Fund Statutory Prospectus
Statutory Prospectus You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
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Calamos Mutual Fund Statement of Additional Information
SAI The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations.
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Mutual Funds Semi Annual Report
Semi Annual Report The semiannual report includes a letter from John P. Calamos, Sr. to shareholders and provides a comprehensive review of the fund’s activities and financial performance over a six month period.
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Mutual Funds Annual Report
Annual Report The annual report includes a letter from John P. Calamos, Sr. to shareholders outlining the fund's performance, as well as a comprehensive review of the fund’s activities and financial performance.
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Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.

Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions. Performance shown reflects an expense reimbursement that improved results. Load-adjusted returns are adjusted for the maximum front-end sales load of 2.25%* for Class A shares in the following funds: Convertible Fund, Global Convertible Fund, Market Neutral Income Fund, High Income Opportunities Fund, and Total Return Bond Fund. The maximum front-end sales load for Class A shares of all other funds is 4.75%. There is a 1% contingent deferred sales charge for C shares on certain redemptions within the first year of purchase. Class C shares have been adjusted for the contingent deferred sales charge (CDSC). There are no contingent deferred sales charges or distribution or service fees with respect to Class I shares. The minimum initial investment required to purchase each Fund's Class I shares is $1 million. Class I shares are offered primarily for direct investment by investors through certain tax-exempt retirement plans (including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans, defined benefit plans and non-qualified deferred compensation plans) and by institutional clients, provided such plans or clients have assets of at least $1 million. Class I shares may also be offered to certain other entities or programs, including, but not limited to, investment companies, under certain circumstances. *Prior to 2/28/17, the Convertible Fund, Global Convertible Fund, Market Neutral Income Fund, and High Income Opportunities fund had a maximum front-end sales load of 4.75%, and the Total Return Bond Fund had a maximum front-end sales load of 3.75%.

The funds' gross expense ratios as of the prospectus dated 3/1/18 are as follows: Growth A 1.40%, C 2.15% and I 1.15%; Growth and Income A 1.12%, C 1.87% and I 0.87%; Opportunistic Value A 1.67%, C 2.42% and I 1.42%; Dividend Growth A 1.87%, C 2.73% and I 1.80%; Global Growth and Income A 1.54%, C 2.29% and I 1.29%; International Growth A 1.46%, C 2.21% and I 1.21%; Global Equity A 1.53%, C 2.27% and I 1.28%; Evolving World Growth A 1.67%, C 2.41% and I 1.41%; Emerging Market Equity A 2.70%, C 3.45% and I 2.45%; Convertible A 1.18%, C 1.93% and I 0.93%; Global Convertible A 1.46%, C 2.20% and I 1.19%; Market Neutral Income A 1.28%, C 2.03% and I 1.02%; Phineus Long/Short A 2.80%, C 3.55% and I 2.54%; Hedged Equity Income A 2.15%, C 3.04% and I 2.07%; High Income Opportunities A 1.33%, C 2.08% and I 1.08%; and Total Return Bond A 1.08%, C 1.83% and I 0.84%.  

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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