Institutional Strategies Main

U.S. MID CAP GROWTH

Strategy Objective

A mid-cap growth equity strategy that invests in common stocks of medium size capitalization U.S. companies in high-growth industries. The strategy seeks to outperform the Russell Midcap Growth 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 31/3/16
Inception Date:
01/02/2003
Strategy Assets*:
$17.1 M
Benchmark:
Russell Midcap Growth Index

Resources

* Strategy Assets reflect all assets that are currently being managed (collectively) under the Calamos U.S. Mid Cap Growth Strategy.

Sector Weightings

AS OF 31/3/16
% of Assets Russell Midcap Growth Index Under/Overweight %
Consumer Discretionary 27.3% 25.1%
Information Technology 25.6 19.1
Health Care 20.8 12.5
Industrials 10.3 16.4
Financials 8.5 12.2
Telecom Services 3.7 0.4
Energy 2.9 0.8
Materials 0.9 5.1
Consumer Staples 0.0 8.3
Utilities 0.0 0.1
 

Representative Portfolio Ten Largest Holdings

AS OF 31/3/16
Company Sector %
Zoetis, Inc. Health Care 3.9
Booz Allen Hamilton Holding Corp. Information Technology 3.6
Sabre Corp. Information Technology 3.5
Evercore Partners, Inc. - Class A Financials 3.3
CSX Corp. Industrials 3.3
Dollar General Corp. Consumer Discretionary 3.2
Acadia Healthcare Company Health Care 3.2
VeriFone Systems, Inc. Information Technology 3.2
Jones Lang LaSalle, Inc. Financials 3.0
Burlington Stores, Inc. Consumer Discretionary 3.0

Characteristics

AS OF 31/3/16
  Calamos Portfolio Russell Midcap Growth Index
Assets in Strategy $17.1 million N/A
# of Holdings 53 498
Portfolio Turnover % (5-Year) N/A N/A
Median Market Cap ($bil) $5.9 $6.5
Weighted Average Market Cap ($bil) $10.6 $13.4
ROIC % 11.6% 17.2%
Debt/Capital % 54.5% 58.7%
PEG Ratio (1 year forward) 1.4x 1.8x

Composite Summary

AS OF 31/3/16
Period Ending Composite Assets (in Millions) Total Assets (in Millions) % Of Total Assets Managed # Of Clients Average Acct. Size (in Millions)
12/31/2013 76 26,543 0.3% 3 25
12/31/2012 297 30,580 1.0% 11 27
12/31/2011 298 32,777 0.9% 8 37
12/31/2010 355 35,414 1.0% 9 39
12/31/2009 211 32,144 0.7% 6 35
12/31/2008 258 23,522 1.1% 11 23
12/31/2007 677 46,208 1.5% 16 42
12/31/2006 542 44,725 1.2% 21 26
12/31/2005 692 43,805 1.6% 25 28
12/31/2004 651 37,975 1.7% 20 33
12/31/2003 246 23,840 1.0% 8 31

44601C

Annualized Total Returns

AS OF 31/3/16
1-Year3-Year5-Year10-YearSince Inception (2/03)
U.S. Mid Cap Growth (Gross)-17.04%3.75%2.00%3.92%8.54%
U.S. Mid Cap Growth (Net)-17.88%2.78%1.16%3.08%7.65%
Russell Midcap Growth Index-4.75%10.99%9.99%7.43%11.33%

Calendar Year Returns

AS OF 31/3/16
                           Qtr Ending Mar 16YTD 201620152014201320122011201020092008200720062005200402/01/2003 to 12/31/2003
U.S. Mid Cap Growth (Gross)-6.44%-6.44%-6.89%4.04%33.00%7.90%-6.28%29.71%55.13%-48.93%24.37%0.15%9.84%19.60%43.61%
U.S. Mid Cap Growth (Net)-6.68%-6.68%-7.82%3.07%31.95%7.21%-6.89%28.84%53.93%-49.37%23.37%-0.78%8.85%18.58%42.61%
Russell Midcap Growth Index0.58%0.58%-0.20%11.90%35.74%15.80%-1.65%26.38%46.29%-44.33%11.43%10.66%12.09%15.48%44.13%



44601B

Risk/Reward Since Inception

AS OF 31/3/16
  Calamos Mid Cap Growth Composite Russell Midcap Growth Index
Alpha -3.07% N/A
Beta 1.08 1.00
Standard Deviation 19.13% 17.05%
Upside Semivariance 16.68% 14.31%
Downside Semivariance 14.33% 10.80%
Sharpe Ratio 0.3794 0.5897
Information Ratio -0.4995 N/A

Since Inception Up/Down Capture Vs. Russell Midcap Growth Index

AS OF 31/3/16

44601B

Strategy Vehicles

Separately Managed Accounts Minimum: $5 million
Institutional Mutual Fund (CMXIX) Minimum: $1 million

34601E

Fact Sheet The U.S. Mid Cap Growth Strategy fact sheet provides a snap shot of the investment team, the investment strategy, performance, composition, ratings and returns.