Institutional Strategies Main

GLOBAL GROWTH

Strategy Objective

A global all-cap growth equity strategy that invests in the common stocks of global growth companies and seeks to outperform the MSCI ACWI 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 03/31/16
Inception Date:
04/01/07
Strategy Assets*:
$254.0 M
Benchmark:
MSCI ACWI Growth

Resources

* Strategy Assets reflect all assets that are currently being managed (collectively) under the Calamos Global Growth Strategy.

Sector Weightings

AS OF 03/31/16
% of Assets MSCI ACWI Growth Under/Overweight %
Information Technology 31.8% 20.0%
Consumer Discretionary 21.7 19.0
Health Care 12.1 14.1
Industrials 10.6 12.0
Financials 10.5 12.0
Consumer Staples 9.6 13.5
Energy 2.9 2.0
Materials 0.8 4.4
Telecom Services 0.0 2.2
Utilities 0.0 0.8
 

Representative Portfolio Ten Largest Holdings

AS OF 03/31/16
Company Country Sector %
Alphabet, Inc. - Class A United States Information Technology 4.7
Apple, Inc. United States Information Technology 3.9
Priceline Group, Inc. United States Consumer Discretionary 2.9
Anheuser-Busch InBev, SA Belgium Consumer Staples 2.7
Facebook, Inc. - Class A United States Information Technology 2.4
Tencent Holdings, Ltd. Cayman Islands Information Technology 2.4
Naspers, Ltd. - Class N South Africa Consumer Discretionary 2.2
Baidu, Inc. Cayman Islands Information Technology 2.1
Pandora, A/S Denmark Consumer Discretionary 2.0
Taiwan Semiconductor Mfg Co. Taiwan Information Technology 1.9

Characteristics

AS OF 03/31/16
  Calamos Portfolio MSCI ACWI Growth
Assets in Strategy $254.0 million N/A
# of Holdings 85 1,439
Portfolio Turnover
%(Since Inception)
N/A N/A
Median Market Cap ($bil) $32.5 $8.5
Weighted Average Market Cap ($bil) $124.8 $95.5
ROIC % 20.2% 17.7%
Debt/Capital % 31.1% 38.3%
PEG Ratio (1 year forward) 1.6x 1.8x

Composite Summary

AS OF 03/31/16
Period Ending Composite Assets (in Millions) Total Assets (in Millions) % Of Total Assets Managed # Of Clients Average Acct. Size (in Millions)
12/31/2013 425 26,543 1.6% 3 142
12/31/2012 632 30,580 2.1% 3 211
12/31/2011 186 32,777 0.6% 2 93
12/31/2010 177 35,414 0.5% 3 59
12/31/2009 109 32,144 0.3% 4 27
12/31/2008 36 23,522 0.2% 2 18
12/31/2007 107 46,208 0.2% 1 107

44605C

Annualized Total Returns

AS OF 03/31/16
1-Year3-Year5-YearSince Inception (4/07)
Global Growth (Gross)-4.36%6.79%5.66%7.27%
Global Growth (Net)-5.41%5.63%4.49%6.13%
MSCI ACWI Growth-2.65%7.62%6.96%4.65%

Calendar Year Returns

AS OF 03/31/16
                           Qtr Ending Mar 16YTD 20162015201420132012201120102009200804/01/2007 to 12/31/2007
Global Growth (Gross)-3.70%-3.70%6.04%1.87%20.97%14.35%-0.78%26.62%57.32%-45.03%20.41%
Global Growth (Net)-3.97%-3.97%4.90%0.77%19.61%12.98%-1.75%25.49%55.89%-45.75%19.49%
MSCI ACWI Growth-0.21%-0.21%1.90%5.79%23.59%17.18%-7.04%15.49%38.11%-42.72%13.81%



44605B

Risk/Reward Since Inception

AS OF 03/31/16
  Calamos Global Growth Composite MSCI ACWI Growth
Alpha 2.49% N/A
Beta 1.04 1.00
Standard Deviation 19.16% 17.80%
Upside Semivariance 17.02% 12.84%
Downside Semivariance 13.85% 13.58%
Sharpe Ratio 0.3462 0.2257
Information Ratio 0.5317 N/A

Since Inception Up/Down Capture Vs. MSCI ACWI Growth

AS OF 03/31/16

44605B

Strategy Vehicles

Separately Managed Accounts Minimum: $25 million
Commingled Pool $1 million
Available for both qualified and non-qualified plans.
Institutional Mutual Fund (CIGEX) Minimum $1 million

34605E

Fact Sheet The Global Growth Strategy fact sheet provides a snap shot of the investment team, the investment strategy, performance, composition, ratings and returns.
Performance Review A discussion of the Calamos Global Growth Strategy’s performance versus a benchmark, positioning, related market commentary, and outlook.
Finding Growth Opportunities Around the World A discussion of the Calamos Global Growth strategy which has historically provided a focus on high-quality growth companies; diversification across sectors and global markets; and strong excess returns versus the MSCI ACWI Growth Index.