Calamos Global - Global Equity Fund

Class A Shares
as of 8/28/2014
Price Change
US$ Accumulating $13.37 $-0.07
EUR€ Accumulating 10.16 -0.05
GBP£ Accumulating £10.78 £-0.06

A Global Allocation Unlocks Potential

Although the global economy is increasingly synchronized, distinct growth trends create unique opportunities in different countries and regions. Through a global allocation, investors may benefit from a larger opportunity set. Calamos Global Equity Fund provides investors access to Calamos Investments’ renowned growth strategy applied to the global equity arena. We strive to identify companies around the world that, in our opinion, offer the greatest potential for sustainable growth and high total return. Using cash-based analysis to help reduce the discrepancies that exist among accounting practices around the world, the Fund builds upon firm’s core competency of fairly valuing companies and their stocks. The flexibility to dynamically deploy assets across sectors, industries and companies of all sizes helps the Fund balance risk and reward over the course of different market cycles.

Overview Performance Composition Distributions Other Info

Fund Objective

Long-term capital growth

Investment Strategy

The Fund's investment management team:

  • Invests in equity securities of companies around the world; may include some convertible securities
  • Focuses on a company's earnings growth potential, financial strength and stability
  • Considers the value of a stock relative to the issuer's worth and looks for near-term catalysts that could trigger an increase in the stock's price
  • Assesses the issuer's financial soundness, earnings and cash flow forecast, and quality of management
  • Applies macro-level themes and top-down diversification by industry and company type in an effort to lower risk

Investor Profile

This Fund may be suitable for investors who seek a diversified means to participate in the long-term growth potential of the global equity markets.

Investment Management Team

All of our funds benefit from the perspectives of our fully integrated investment team, led by Co-Chief Investment Officers, John P. Calamos, Sr. and Nick P. Calamos, CFA. John and Nick have managed assets together for 28 years; in our view, this shared experience provides consistency of process and uncommon stability. As in all of our funds, we seek to:

  • Maximize return while controlling risk
  • Protect principal during volatile investment markets
  • Maintain a long-term outlook and avoid short-term marketing timing
  • Create wealth by managing risk and reward through market cycles

Calamos Investments Approach to Global Equity Investing

At Calamos Investments, we seek to create wealth by managing risk and return across market cycles. To do this, we maintain a perspective that is both long-term and forward-looking. Our investment discipline blends rigorous economic analysis and broad themes analysis with comprehensive company and security research.

Grasp the 'Big Picture'—We analyze the "big picture'—identifying global themes and trends that we believe will drive the global economy.

Level the Playing Field—We seek to level the playing field, using cash-based analysis to help reduce the discrepancies that may exist among accounting practices around the world.

Focus on Economic Freedoms—To manage risk and pursue growth, we favor countries that espouse free-market principles, provide transparency in accounting and regulation, and support private property rights.

Conduct Rigorous Company Research—We place a premium on quality fundamentals—high return on capital, good free cash flow, and attractive growth relative to similar companies.

44704A

Calamos Global Equity Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463). Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between sub-funds and is authorized pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended.

The Fund is offered solely to non-U.S. investors under the terms and conditions of the Fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the prospectus for the Fund may be obtained by clicking here, or by contacting the local Paying Agent listed by jurisdiction, or through the Fund's Transfer Agent, RBC Dexia Investor Services Ireland Limited, listed at:

RBC Dexia Investor Services Ireland Limited
Georges Quay House
43 Townsend Street
Dublin 2
Ireland
Tel: (353) 1 440 6555

Important Fund Information
The Fund may invest up to 100% of its assets in the securities of foreign issuers. 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. The Fund may invest in securities issued by companies in emerging markets; these may present additional risk due to the potential for greater economic and political instability in less developed countries.

The Fund may invest in mid-size and small companies which present greater risk and higher volatility than investments in larger, more established companies.

NOTES

Debt/Capital—Measures a company's debt in relation to its total capital.

MSCI® World Index—Is a market capitalization weighted index composed of companies representative of the market structure of developed market countries in North America, Europe, and the Asia/Pacific region.

ROIC (return on invested capital)—Measures an investment's growth prospects; measures the percentage earned on invested capital.

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

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.

The Fund may seek to purchase index put options to help reduce downside exposure however, the effectiveness of the Fund’s index option-based risk management strategy may be reduced if the Fund’s equity portfolio does not correlate to the performance of the underlying option positions. The Fund also risks losing all or part of the cash paid for purchasing index options. Unusual market conditions or lack of a ready market of any particular option at a specific time may reduce the effectiveness of the Fund’s option strategies, and for these and other reasons the Fund’s option strategies may not reduce the Fund’s volatility to the extent desired. From time to time, the Fund may reduce its holdings of put options, resulting in an increased exposure to a market decline.

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.calamosglobal.com.