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 09/30/16
Inception Date:
04/01/07
Strategy Assets*:
$238.2 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 09/30/16
% of Assets MSCI ACWI Growth Under/Overweight %
Information Technology 32.9% 21.6%
Consumer Discretionary 16.1 17.6
Health Care 15.4 14.6
Industrials 9.9 12.1
Consumer Staples 8.0 14.1
Financials 6.5 7.5
Materials 4.6 4.8
Energy 3.3 1.8
Real Estate 1.8 2.8
Telecom Services 1.5 2.4
 

Representative Portfolio Ten Largest Holdings

AS OF 09/30/16
Company Country Sector %
Alphabet, Inc. - Class A United States Information Technology 5.1
Apple, Inc. United States Information Technology 3.4
Taiwan Semiconductor Mfg Co. Taiwan Information Technology 2.7
Facebook, Inc. - Class A United States Information Technology 2.5
Naspers, Ltd. - Class N South Africa Consumer Discretionary 2.4
Intuitive Surgical, Inc. United States Health Care 2.2
Alibaba Group Holding, Ltd. China Information Technology 2.1
Tencent Holdings, Ltd. China Information Technology 2.1
Newmont Mining Corp. United States Materials 2.0
KION Group, AG Germany Industrials 2.0

Characteristics

AS OF 09/30/16
  Calamos Portfolio MSCI ACWI Growth
Assets in Strategy $238.2 million N/A
# of Holdings 89 1,425
Portfolio Turnover
%(Since Inception)
N/A N/A
Median Market Cap ($bil) $27.0 $8.7
Weighted Average Market Cap ($bil) $128.3 $104.6
ROIC % 20.0% 18.3%
Debt/Capital % 29.2% 38.7%
PEG Ratio (1 year forward) 1.6x 1.9x

Composite Summary

AS OF 09/30/16
Period Ending Composite Assets (in Millions) Total Assets (in Millions) % Of Total Assets Managed # Of Clients Average Acct. Size (in Millions)
12/31/2015 230 21,908 1.1% 2 115
12/31/2014 331 23,506 1.4% 3 110
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 09/30/16
1-Year3-Year5-YearSince Inception (4/07)
Global Growth (Gross)12.15%7.35%10.89%7.83%
Global Growth (Net)10.91%6.18%9.65%6.68%
MSCI ACWI Growth12.47%7.13%12.19%5.08%

Calendar Year Returns

AS OF 09/30/16
                           Qtr Ending Sep 16YTD 20162015201420132012201120102009200804/01/2007 to 12/31/2007
Global Growth (Gross)8.66%4.79%6.04%1.87%20.97%14.35%-0.78%26.62%57.32%-45.03%20.41%
Global Growth (Net)8.36%3.92%4.90%0.77%19.61%12.98%-1.75%25.49%55.89%-45.75%19.49%
MSCI ACWI Growth5.35%6.06%1.91%5.82%23.62%17.17%-7.04%15.49%38.10%-42.71%13.82%



44605B

Risk/Reward Since Inception

AS OF 09/30/16
  Calamos Global Growth Composite MSCI ACWI Growth
Alpha 2.58% N/A
Beta 1.04 1.00
Standard Deviation 18.78% 17.38%
Upside Semivariance 16.59% 12.37%
Downside Semivariance 13.16% 12.87%
Sharpe Ratio 0.3840 0.2565
Information Ratio 0.5604 N/A

Since Inception Up/Down Capture Vs. MSCI ACWI Growth

AS OF 09/30/16

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

Calamos Global Growth Institutional Strategy Fact Sheet
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.