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 09/30/14
Inception Date:
12/01/13
Strategy Assets*:
$15.1 M
Benchmark:
MSCI Emerging Markets Index

Resources

Sector Weightings

AS OF 09/30/14
% of Assets MSCI Emerging Markets Index Under/Overweight %
Information Technology 27.0% 16.7%
Financials 23.1 27.6
Consumer Discretionary 17.0 9.0
Energy 9.1 10.1
Telecommunication Services 5.7 7.7
Consumer Staples 5.2 8.3
Industrials 5.1 6.7
Materials 4.6 8.3
Health Care 2.6 2.1
Utilities 0.6 3.5
 

Representative Portfolio Ten Largest Holdings

AS OF 09/30/14
Company Country Sector %
MediaTek, Inc. Taiwan Information Technology 2.9
Samsung Electronics Company, Ltd. South Korea Information Technology 2.8
Grupo Financiero Banorte, SAB de CV Mexico Financials 2.7
Cemex, SAB de CV Mexico Materials 2.5
Metropolitan Bank & Trust Company Philippines Financials 2.4
Baidu, Inc. China Information Technology 2.3
Taiwan Semiconductor Manufacturing Company, Ltd. Taiwan Information Technology 2.2
Tencent Holdings, Ltd. China Information Technology 2.2
Credicorp, Ltd. Peru Financials 2.2
Naspers, Ltd. - Class N South Africa Consumer Discretionary 2.1

Characteristics

AS OF 09/30/14
  Calamos Portfolio MSCI Emerging Markets Index
Assets in Strategy $15.1 million N/A
# of Holdings 80 834
Portfolio Turnover % (5-Year) N/A N/A
Median Market Cap ($bil) $15.5 $5.1
Weighted Average Market Cap ($bil) $34.1 $37.9
ROIC % 22.9% 16.6%
Debt/Capital % 25.8% 27.7%
PEG Ratio (1 year forward) 1.1x 1.1x

Largest Country Weightings

AS OF 09/30/14
Representative Portfolio MSCI Emerging Markets Index
China 14.7% 14.6%
Taiwan 11.6% 12.0%
Mexico 11.2% 5.4%
Brazil 10.9% 10.3%
South Korea 9.3% 15.0%
India 8.3% 7.1%
Hong Kong 7.1% 4.6%
Indonesia 6.6% 2.7%
South Africa 5.4% 7.3%
Philippines 4.2% 1.2%

Regional Exposure

AS OF 09/30/14
Asia/Pacific 67.7%
Latin America 25.1%
Middle East/Africa 5.4%
Europe 1.8%
North America 0.0%

Calendar Year Returns

AS OF 09/30/14
                           Qtr ending Sep 14YTD 2014Since Inception (12/13)
Emerging Market Equity (Gross)-6.41%-2.23%-0.77%
Emerging Market Equity (Net)-6.68%-3.01%-1.64%
MSCI Emerging Markets Index-3.36%2.75%1.27%



Risk/Reward Since Inception

AS OF 09/30/14
  Calamos Emerging Market Equity Composite MSCI Emerging Markets Index
Alpha -2.08% N/A
Beta 0.84 1.00
Standard Deviation % %
Upside Semivariance % %
Downside Semivariance % %
Sharpe Ratio
Information Ratio N/A

Since Inception Up/Down Capture Vs. MSCI Emerging Markets Index

AS OF 09/30/14

Strategy Vehicles

Separately Managed Accounts Minimum: $25 million
Institutional Mutual Fund (CIEIX) Minimum $1 million

34601E

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.
Investment Team View the Growth Equity/Fixed Income Team biographies