Overview
The fund invests in global convertible securities, striving to balance risk and reward while providing growth and income.
Key Features
- Provides broadly diversified exposure to the global convertible bond universe
- Leverages more than 40 years of research in convertible security investing
- Seeks to provide upside participation in equity markets with less exposure to downside than an equity-only portfolio over a full market cycle
- Blends global investment themes and fundamental research via active
management
Portfolio Fit
Consisting of convertible securities that participate in upside equity movements with
limited downside exposure, the fund can provide a means to manage risk vis-a-vis an
equity allocation. The fund can also serve a role within a fixed-income allocation, as
convertibles have performed well during periods of rising interest rates and inflation.
Calamos Convertible Experience Applied Globally
On December 31, 2014, Calamos launched the Calamos Global Convertible Fund, which applies more than 40 years of convertible investing experience to a global universe. We have invested in non-U.S. convertible securities since the late 1980s and have managed pure global convertible portfolios for our institutional clients since 2001. We are pleased to bring our institutional strength experience to bear on this new mutual fund.
The fund is actively managed—allying global topdown views with bottom-up analysis—with the intent to select the convertible securities of companies we believe offer the greatest investment value and growth potential in the world.
Bringing an Experienced Approach to Global Opportunity
Our new Global Convertible Fund leverages more than two decades of growth investing experience on the international stage.
Return on Invested Capital
AS OF 3/31/18
Debt/Capital
AS OF 3/31/18
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 2.25%—
(Prior to 2/28/17, the Fund had a maximum front-end sales charge 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.
Important Risk Information
An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund 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 can increase during times of signifcant market volatility.
The principal risks of investing in the Calamos Global Convertible 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, foreign securities risk, emerging markets risk, currency risk, geographic concentration risk, American depository receipts, mid-size company risk, small company risk, portfolio turnover 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
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.
Bond Credit Quality-Bond credit quality allocation reflects the higher of the ratings of Standard & Poor’s Corp. and Moody’s Investment Service Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent, Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the Standard & Poor’s scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). The security’s credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund’s Statement of Additional Information at www.calamos.com. Additional information on ratings methodologies are available by visiting the NRSRO websites: www.standardandpoors.com and www.moodys.com.
ICE BofA ML Global 300 Convertible Index-Is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.
Bloomberg Barclays Global Aggregate Index-Provides a broad-based measure of the global investment grade fixed-rate debt markets.
Current (SEC) Yield-Reflects the dividends and interest earned by the Fund during the 30-day period ended as of the date stated above after deducting the Fund's expenses for that same period.
Debt/Capital Ratio-Is a measure of a company s financial leverage, calculated as the company’s debt divided by its total capital.
Distribution Rate-The percentage rate at which a fund distributes income to its shareholders. It is calculated by dividing a fund's annual distributions by its current price; this figure can vary from the SEC yield of the same fund because of the multiple ways of treating different asset classes.
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.
Turnover-Is the percentage of assets in a portfolio that changed over a certain period, often a year; higher turnover indicates greater buying and selling activity.
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.
CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.
Fund Details
As of 4/20/18
- Inception Date:
- 12/31/14
- Current NAV:
- $11.19
- $ Change:
- ($0.03)
- % Change:
- -0.27%
- Net Assets*
- 127.2 mil
(*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
Annualized Total Returns
AS OF 3/31/18
| Calamos (NAV) | 3.24% | 11.47% | 4.68% | 5.36% |
| (Load-Adjusted) | 0.87% | 8.93% | 2.98% | 3.79% |
| ICE BofAML | 5.65% | 14.30% | 8.35% | 8.41% |
The Fund's Gross Expense Ratio is 1.46% as of the prospectus dated 3/01/18
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 2.25%—
(Prior to 2/28/17, the Fund had a maximum front-end sales charge 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.
Important Risk Information
An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund 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 can increase during times of signifcant market volatility.
The principal risks of investing in the Calamos Global Convertible 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, foreign securities risk, emerging markets risk, currency risk, geographic concentration risk, American depository receipts, mid-size company risk, small company risk, portfolio turnover 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
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.
Bond Credit Quality-Bond credit quality allocation reflects the higher of the ratings of Standard & Poor’s Corp. and Moody’s Investment Service Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent, Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the Standard & Poor’s scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). The security’s credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund’s Statement of Additional Information at www.calamos.com. Additional information on ratings methodologies are available by visiting the NRSRO websites: www.standardandpoors.com and www.moodys.com.
ICE BofA ML Global 300 Convertible Index-Is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.
Bloomberg Barclays Global Aggregate Index-Provides a broad-based measure of the global investment grade fixed-rate debt markets.
Current (SEC) Yield-Reflects the dividends and interest earned by the Fund during the 30-day period ended as of the date stated above after deducting the Fund's expenses for that same period.
Debt/Capital Ratio-Is a measure of a company s financial leverage, calculated as the company’s debt divided by its total capital.
Distribution Rate-The percentage rate at which a fund distributes income to its shareholders. It is calculated by dividing a fund's annual distributions by its current price; this figure can vary from the SEC yield of the same fund because of the multiple ways of treating different asset classes.
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.
Turnover-Is the percentage of assets in a portfolio that changed over a certain period, often a year; higher turnover indicates greater buying and selling activity.
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.
CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.
Sector Weightings
AS OF 3/31/18
|
|
% of Assets
|
ICE BofAML VG00 - Global 300
|
|
Information Technology
|
22.6%
|
23.2%
|
|
Consumer Discretionary
|
13.3%
|
12.9%
|
|
Financials
|
12.1%
|
10.8%
|
|
Real Estate
|
8.9%
|
7.6%
|
|
Health Care
|
8.1%
|
12.8%
|
|
Industrials
|
8.0%
|
9.7%
|
|
Energy
|
6.0%
|
5.6%
|
|
Materials
|
4.8%
|
5.3%
|
|
Telecom Services
|
4.3%
|
5.1%
|
|
Utilities
|
0.9%
|
4.4%
|
|
Consumer Staples
|
0.0%
|
2.7%
|
Asset Allocation
AS OF 3/31/18
Month-End Yield
AS OF 3/31/18
|
|
| 30-Day SEC Yield |
0.29% |
| Distribution Rate |
1.10% |
|
Company
|
Security Type
|
Industry
|
%
|
|
United States Treasury Note
|
U. S. Treasuries
|
Other
|
3.1%
|
|
United States Treasury Note
|
U. S. Treasuries
|
Other
|
2.9%
|
|
Bank of America Corp.
|
Convertible Preferred Stocks
|
Diversified Banks
|
2.6%
|
|
Wells Fargo & Company
|
Convertible Preferred Stocks
|
Diversified Banks
|
2.4%
|
|
Corestate Capital Holding, SA
|
Convertible Bonds
|
Real Estate Operating Companies
|
2.4%
|
|
Salesforce.com, Inc.
|
Convertible Bonds
|
Application Software
|
2.3%
|
|
America Movil, SAB de CV
|
Convertible Bonds
|
Integrated Telecommunication Services
|
2.2%
|
|
Citrix Systems, Inc.
|
Convertible Bonds
|
Application Software
|
1.9%
|
|
Safran, SA
|
Convertible Bonds
|
Aerospace & Defense
|
1.9%
|
|
Altaba, Inc.
|
Convertible Bonds
|
Internet Software & Services
|
1.8%
|
|
Total
|
|
|
23.5%
|
Fund Facts
AS OF 3/31/18
|
Fund
|
ICE BofAML VG00 - Global 300
|
| Total Net Assets |
$127.2 million |
-- |
| # of Holdings |
151 |
298 |
| Duration |
3.0 years |
4.6 years |
| Median Investment Premium |
15.3% |
11.7% |
| Median Conversion Premium |
20.9% |
25.5% |
| Debt/Capital |
39.0% |
53.4% |
| ROIC |
13.2% |
12.7% |
| Portfolio Turnover (12 months) |
35.5% |
-- |
Regional Exposure
AS OF 3/31/18
| Region |
% |
| North America |
49.3% |
| Europe |
30.6% |
| Asia/Pacific |
16.1% |
| Middle East/Africa |
0.8% |
| Latin America |
0.0% |
| Caribbean |
0.0% |
Top Country Exposures
AS OF 3/31/18
| Country | % |
| United States | 49.3% |
| France | 9.1% |
| Germany | 7.0% |
| Netherlands | 5.8% |
| Japan | 5.7% |
| China | 3.8% |
| Luxembourg | 3.2% |
| Hong Kong | 2.5% |
| Philippines | 1.4% |
| Hungary | 1.0% |
Top Currency Exposures
AS OF 3/31/18
| Currency | % |
|---|
|
United States Dollar (USD)
|
70.1%
|
|
Euro (EUR)
|
21.0%
|
|
Japanese Yen (JPY)
|
5.5%
|
|
Hong Kong Dollar (HKD)
|
2.8%
|
|
Singapore Dollar (SGD)
|
0.5%
|
|
British Pound Sterling (GBP)
|
0.1%
|
|
Swedish Krona (SEK)
|
0.0%
|
|
Thai Bahat (THB)
|
0.0%
|
|
South African Rand (ZAR)
|
0.0%
|
|
South Korean WON (KRW)
|
0.0%
|
|
Swiss Franc (CHF)
|
0.0%
|
Credit Quality of Bonds
AS OF 3/31/18
| Class |
% |
|---|
| AAA |
7.9% |
| AA |
1.9% |
| A |
8.7% |
| BBB |
14.1% |
| BB |
9.9% |
| B |
4.8% |
| CCC and below |
0.0% |
| Unrated Securities |
52.7% |
Maturity Schedule
AS OF 3/31/18
| Security Type | % |
|---|
|
1 To 5 Years
|
67.4%
|
|
< 1 Year
|
13.3%
|
|
Equities and Other
|
9.8%
|
|
5 To 10 Years
|
9.5%
|
|
10 To 20 Years
|
0.0%
|
|
20 To 30 Years
|
0.0%
|
|
> 30 Years
|
0.0%
|
Bond Duration
AS OF 3/31/18
|
|
| Weighted Avg. Duration |
3.0 years |
| Weighted Avg. Maturity |
2.9 years |
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 2.25%—
(Prior to 2/28/17, the Fund had a maximum front-end sales charge 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.
Important Risk Information
An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund 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 can increase during times of signifcant market volatility.
The principal risks of investing in the Calamos Global Convertible 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, foreign securities risk, emerging markets risk, currency risk, geographic concentration risk, American depository receipts, mid-size company risk, small company risk, portfolio turnover 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
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.
Bond Credit Quality-Bond credit quality allocation reflects the higher of the ratings of Standard & Poor’s Corp. and Moody’s Investment Service Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent, Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the Standard & Poor’s scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). The security’s credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund’s Statement of Additional Information at www.calamos.com. Additional information on ratings methodologies are available by visiting the NRSRO websites: www.standardandpoors.com and www.moodys.com.
ICE BofA ML Global 300 Convertible Index-Is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.
Bloomberg Barclays Global Aggregate Index-Provides a broad-based measure of the global investment grade fixed-rate debt markets.
Current (SEC) Yield-Reflects the dividends and interest earned by the Fund during the 30-day period ended as of the date stated above after deducting the Fund's expenses for that same period.
Debt/Capital Ratio-Is a measure of a company s financial leverage, calculated as the company’s debt divided by its total capital.
Distribution Rate-The percentage rate at which a fund distributes income to its shareholders. It is calculated by dividing a fund's annual distributions by its current price; this figure can vary from the SEC yield of the same fund because of the multiple ways of treating different asset classes.
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.
Turnover-Is the percentage of assets in a portfolio that changed over a certain period, often a year; higher turnover indicates greater buying and selling activity.
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.
CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.
Total Capital Gains
| |
| | |
| 2017 | 0.3382 |
| 2016 | 0.0000 |
| 2015 | 0.0000 |
| 2014 | 0.0000 |
Schedule
| |
|
| Distributions |
Quarterly |
| Capital Gains |
Annually |
Distributions
Choose a year
| 1Q 2018 |
0.02141 |
0.02141 |
11.29000 |
| 4Q 2017 |
0.01089 |
0.01089 |
10.82000 |
| 3Q 2017 |
0.01240 |
0.01240 |
11.02000 |
| 2Q 2017 |
0.01833 |
0.01833 |
10.73000 |
| 1Q 2017 |
0.00130 |
0.00130 |
10.28000 |
| 4Q 2016 |
0.07575 |
0.07575 |
9.85000 |
| 3Q 2016 |
0.05963 |
0.05963 |
9.95000 |
| 2Q 2016 |
0.02151 |
0.02151 |
9.73000 |
| 1Q 2016 |
0.03878 |
0.03878 |
9.53000 |
| 4Q 2015 |
0.04261 |
0.04261 |
9.68000 |
| 3Q 2015 |
0.05613 |
0.05613 |
9.90000 |
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 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 2.25%—
(Prior to 2/28/17, the Fund had a maximum front-end sales charge 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.
Important Risk Information
An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund 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 can increase during times of signifcant market volatility.
The principal risks of investing in the Calamos Global Convertible 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, foreign securities risk, emerging markets risk, currency risk, geographic concentration risk, American depository receipts, mid-size company risk, small company risk, portfolio turnover 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
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.
Bond Credit Quality-Bond credit quality allocation reflects the higher of the ratings of Standard & Poor’s Corp. and Moody’s Investment Service Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent, Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the Standard & Poor’s scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). The security’s credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund’s Statement of Additional Information at www.calamos.com. Additional information on ratings methodologies are available by visiting the NRSRO websites: www.standardandpoors.com and www.moodys.com.
ICE BofA ML Global 300 Convertible Index-Is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.
Bloomberg Barclays Global Aggregate Index-Provides a broad-based measure of the global investment grade fixed-rate debt markets.
Current (SEC) Yield-Reflects the dividends and interest earned by the Fund during the 30-day period ended as of the date stated above after deducting the Fund's expenses for that same period.
Debt/Capital Ratio-Is a measure of a company s financial leverage, calculated as the company’s debt divided by its total capital.
Distribution Rate-The percentage rate at which a fund distributes income to its shareholders. It is calculated by dividing a fund's annual distributions by its current price; this figure can vary from the SEC yield of the same fund because of the multiple ways of treating different asset classes.
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.
Turnover-Is the percentage of assets in a portfolio that changed over a certain period, often a year; higher turnover indicates greater buying and selling activity.
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.
CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.
Annual Expenses
|
A Shares |
C Shares |
I Shares |
|---|
| Total Expense Ratio | 1.46 | 2.20 | 1.19 |
| Net Expense Ratio | 1.36 | 2.11 | 1.11 |
| Transaction Fee | 0.00 | 0.00 | 0.00 |
| Redemption Fee | 0.00 | 0.00 | 0.00 |
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 | $500 | N/A |
Fund Information
|
A Shares |
C Shares |
I Shares |
|---|
| Inception Date | 12/31/14 | 12/31/14 | 12/31/14 |
| Ticker Symbol | CAGCX | CCGCX | CXGCX |
| CUSIP number | 128120748 | 128120730 | 128120722 |
Sales & Distribution
|
A Shares |
C Shares |
I Shares |
|---|
| Sales load | Front-end | Level-Load | N/A |
| Maximum Sales Charge | 2.25% | 1.00% | |
| US Bank Fund Number | 2971 | 2972 | 2973 |
| Distributions | Quarterly 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 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 2.25%—
(Prior to 2/28/17, the Fund had a maximum front-end sales charge 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.
Important Risk Information
An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund 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 can increase during times of signifcant market volatility.
The principal risks of investing in the Calamos Global Convertible 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, foreign securities risk, emerging markets risk, currency risk, geographic concentration risk, American depository receipts, mid-size company risk, small company risk, portfolio turnover 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
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.
Bond Credit Quality-Bond credit quality allocation reflects the higher of the ratings of Standard & Poor’s Corp. and Moody’s Investment Service Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent, Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the Standard & Poor’s scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). The security’s credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund’s Statement of Additional Information at www.calamos.com. Additional information on ratings methodologies are available by visiting the NRSRO websites: www.standardandpoors.com and www.moodys.com.
ICE BofA ML Global 300 Convertible Index-Is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.
Bloomberg Barclays Global Aggregate Index-Provides a broad-based measure of the global investment grade fixed-rate debt markets.
Current (SEC) Yield-Reflects the dividends and interest earned by the Fund during the 30-day period ended as of the date stated above after deducting the Fund's expenses for that same period.
Debt/Capital Ratio-Is a measure of a company s financial leverage, calculated as the company’s debt divided by its total capital.
Distribution Rate-The percentage rate at which a fund distributes income to its shareholders. It is calculated by dividing a fund's annual distributions by its current price; this figure can vary from the SEC yield of the same fund because of the multiple ways of treating different asset classes.
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.
Turnover-Is the percentage of assets in a portfolio that changed over a certain period, often a year; higher turnover indicates greater buying and selling activity.
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.
CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.
Calamos Global Convertible Fund Quarterly Commentary
A quarterly update of the Calamos Global Convertible Fund’s performance, positioning, related market commentary and outlook.
Calamos Global Convertible Fund Fact Sheet
The Global Convertible Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, and returns.
Convertible Securities: Structures, Valuation, Market Environment, and Asset Allocation
A comprehensive overview of convertible securities, including history, structures, valuation, market environment, and roles within asset allocation.
Calamos Global Convertible Fund Prospectus
This summary contains important information about the Class A, C, I, and T Global Convertible Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.
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.
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.
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.
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 2.25%—
(Prior to 2/28/17, the Fund had a maximum front-end sales charge 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.
Important Risk Information
An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund 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 can increase during times of signifcant market volatility.
The principal risks of investing in the Calamos Global Convertible 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, foreign securities risk, emerging markets risk, currency risk, geographic concentration risk, American depository receipts, mid-size company risk, small company risk, portfolio turnover 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
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.
Bond Credit Quality-Bond credit quality allocation reflects the higher of the ratings of Standard & Poor’s Corp. and Moody’s Investment Service Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent, Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the Standard & Poor’s scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). The security’s credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund’s Statement of Additional Information at www.calamos.com. Additional information on ratings methodologies are available by visiting the NRSRO websites: www.standardandpoors.com and www.moodys.com.
ICE BofA ML Global 300 Convertible Index-Is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.
Bloomberg Barclays Global Aggregate Index-Provides a broad-based measure of the global investment grade fixed-rate debt markets.
Current (SEC) Yield-Reflects the dividends and interest earned by the Fund during the 30-day period ended as of the date stated above after deducting the Fund's expenses for that same period.
Debt/Capital Ratio-Is a measure of a company s financial leverage, calculated as the company’s debt divided by its total capital.
Distribution Rate-The percentage rate at which a fund distributes income to its shareholders. It is calculated by dividing a fund's annual distributions by its current price; this figure can vary from the SEC yield of the same fund because of the multiple ways of treating different asset classes.
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.
Turnover-Is the percentage of assets in a portfolio that changed over a certain period, often a year; higher turnover indicates greater buying and selling activity.
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.
CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.