Institutional Strategies Main

EMERGING MARKET EQUITY

Strategy Objective

A growth-oriented emerging market equity strategy that invests in the common stocks of emerging market-domiciled companies and seeks to outperform the MSCI Emerging Markets Index over a full market cycle.

Key Differentiators
  • In-depth capital structure analysis
  • Rigorous top-down and fundamental research
  • High active share, high relative growth focus
  • Team approach to management

Strategy Details




As of 30/9/16
Inception Date:
01/12/2013
Strategy Assets*:
$14.4 M
Benchmark:
MSCI Emerging Markets

Resources

Sector Weightings

AS OF 30/9/16
% of Assets MSCI Emerging Markets Under/Overweight %
Information Technology 25.6% 23.9%
Financials 19.4 23.7
Consumer Discretionary 13.7 10.6
Consumer Staples 12.5 7.9
Industrials 6.5 6.0
Materials 5.8 6.4
Energy 5.3 7.2
Health Care 4.6 2.6
Telecom Services 3.5 6.1
Real Estate 2.6 2.7
 

Representative Portfolio Ten Largest Holdings

AS OF 30/9/16
Company Country Sector %
Tencent Holdings, Ltd. China Information Technology 3.8
Taiwan Semiconductor Mfg Co. Taiwan Information Technology 3.8
Samsung Electronics Co., Ltd. South Korea Information Technology 3.2
Alibaba Group Holding, Ltd. China Information Technology 3.1
NAVER Corp. South Korea Information Technology 2.6
Naspers, Ltd. - Class N South Africa Consumer Discretionary 2.5
China Mobile, Ltd. Hong Kong Telecom Services 2.4
Larsen & Toubro, Ltd. India Industrials 2.2
Ctrip.com International, Ltd. China Consumer Discretionary 2.0
Wal-Mart de Mexico SAB de CV Mexico Consumer Staples 1.8

Characteristics

AS OF 30/9/16
  Calamos Portfolio MSCI Emerging Markets
Assets in Strategy $14.4 million N/A
# of Holdings 89 833
Portfolio Turnover % (12-Month) 66.5% N/A
Median Market Cap ($bil) $10.7 $4.8
Weighted Average Market Cap ($bil) $52.6 $56.3
ROIC % 21.3% 16.8%
Debt/Capital % 24.8% 27.1%
PEG Ratio (1 year forward) 1.4x 1.4x

Regional Exposure

AS OF 30/9/16
Asia/Pacific 66.6%
Latin America 17.8%
Middle East/Africa 7.9%
Europe 7.7%

Calendar Year Returns

AS OF 30/9/16
                           Qtr Ending Sep 16YTD 20162015201412/01/2013 to 12/31/2013
Emerging Market Equity (Gross)6.72%11.69%-12.07%-5.47%1.50%
Emerging Market Equity (Net)6.44%10.78%-13.04%-6.48%1.41%
MSCI Emerging Markets9.15%16.35%-14.60%-1.82%-1.44%



Risk/Reward Since Inception

AS OF 30/9/16
  Calamos Emerging Market Equity Composite MSCI Emerging Markets
Alpha -0.99% N/A
Beta 0.84 1.00
Standard Deviation 14.73% 16.58%
Upside Semivariance 8.50% 11.72%
Downside Semivariance 9.06% 10.52%
Sharpe Ratio -0.1470 -0.0881
Information Ratio -0.1247 N/A

Since Inception Up/Down Capture Vs. MSCI Emerging Markets

AS OF 30/9/16

* Strategy Assets reflect all assets that are currently being managed (collectively) under the Calamos Emerging Market Equity Strategy.

Strategy Vehicles

Separately Managed Accounts Minimum: $25 million

34601E

Calamos Emerging Market Equity Institutional Strategy Fact Sheet
Fact Sheet The Emerging Market Equity Strategy fact sheet provides a snap shot of the investment team, the investment strategy, performance, composition, ratings and returns.
Emerging Market Equity Strategy Performance Review A quarterly discussion of the Calamos Emerging Market Equity Strategy’s performance versus a benchmark, positioning, related market commentary, and outlook.