Exchange Traded Funds Home Page

CALAMOS FOCUS GROWTH ETF (CFGE)

Overview

The fund invests in a select portfolio of equities issued by “blue chip” U.S. companies that offer opportunities for growth.

Key Features

  • Active management utilizing over 20 years of extensive research experience in growth investing
  • A compact portfolio consisting of only those large cap stocks in which we have the greatest confidence of sustained growth
  • Stress company fundamentals, including global presence, strong and/or accelerated earnings growth, and solid returns on invested capital

Portfolio Fit

The active ETF is a core growth equity allocation option centered on a compact portfolio of large cap stocks.

Valuations Support the Case for Growth

We believe growth equities remain especially attractive vs. value stocks. Our active, research-driven approach focuses on a compact portfolio of companies with strong growth fundamentals and may be particularly well-suited for the current environment.

Top 10 Holdings

View All Holdings AS OF 10/20/14
Symbol Name % of Net Assets Market Value ISIN Market Sector Exchange Rate
AAPL US APPLE INC 8.80% 2,166,320.60 US0378331005 USD Information Technology 1.00
FB US FACEBOOK INC 6.68% 1,645,456.75 US30303M1027 USD Information Technology 1.00
GOOGL US GOOGLE INC - CLASS A 6.53% 1,608,132.75 US38259P5089 USD Information Technology 1.00
CERN US CERNER CORP 3.65% 898,340.52 US1567821046 USD Health Care 1.00
Cash 3.54% 872,157.38 USD
NKE US NIKE INC-B 3.36% 826,466.40 US6541061031 USD Consumer Discretionary 1.00
CMI US CUMMINS INC 3.10% 762,295.20 US2310211063 USD Industrials 1.00
ETN US EATON CORP PLC 2.95% 726,282.24 IE00B8KQN827 USD Industrials 1.00
UTX US UNITED TECHNOLOGIES CORP 2.91% 717,715.57 US9130171096 USD Industrials 1.00
C US CITIGROUP INC 2.91% 716,551.77 US1729674242 USD Financials 1.00

Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-844-922-5226. Read it carefully before investing.

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.calamos.com.

The portfolio is actively managed. Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Calamos Focus Growth ETF is an exchange traded fund. These products do not sell or redeem their shares at net asset value (NAV) except to authorized participants. Investors may purchase individual shares on an exchange.

Foreside Fund Services LLC, Distributor
3 Canal Plaza, Suite 100 | Portland, Maine
844.922.5226

Important Risk Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the fund(s). There can be no assurance that the fund(s) will achieve their investment objectives. Your investment in the fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the fund(s) can increase during times of significant market volatility. The fund(s) also have specific principal risks, which are described below. More detailed information regarding these risks can be found in the fund(s)’ prospectus.

The principal risks of investing in the Calamos Focus Growth Fund ETF include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, foreign securities risk, premium-discount risk, secondary market trading risk, small- and mid-sized company stock risk, portfolio turnover risk and other investment companies risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Price/Earnings Ratio-Is the current stock price over trailing 12‐month earnings per share. The Fund’s investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2016 to the extent necessary so that Total Annual Operating Expenses (excluding taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) are limited to 0.90% annually.

The Fund’s gross expense ratio is 2.23%

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of exchange-traded funds frequently trade at a market price that is below their net asset value.

Fund Details

Ticker: CFGE
Exchange: NASDAQ
Trade: 9.33
Change: -0.37
Bid: 9.50
Ask: 9.53
Market Cap: 24.8 mil
As of: Oct 16 2014 4:00PM ET
Minimum 20 minute delay

Previous Day Details

Close:
9.69
NAV:
9.62
Premium/Discount:
+0.73%
Previous day details as of:
10/19/14
1-day1-week1-month3-monthYTD
Calamos (Market)0.00-0.10-5.19-2.81N/A
Calamos (at Nav)0.000.21-5.59-3.61N/A

Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-844-922-5226. Read it carefully before investing.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of exchange-traded funds frequently trade at a market price that is below their net asset value.

Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund's most recent month end performance, please call 1(844)922-5226 or visit www.calamos.com.

YTD performance is the same as since inception performance.

The Fund’s gross expense ratio is 2.23%

The Fund’s investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2016 to the extent necessary so that Total Annual Operating Expenses (excluding taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) are limited to 0.90% annually.

The Calamos Focus Growth ETF was incepted 7/14/2014.

Calamos Focus Growth ETF is an exchange traded fund. These products do not sell or redeem their shares at net asset value (NAV) except to authorized participants. Investors may purchase individual shares on an exchange.

Foreside Fund Services LLC, Distributor
3 Canal Plaza, Suite 100 | Portland, Maine
844.922.5226

Important Risk Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the fund(s). There can be no assurance that the fund(s) will achieve their investment objectives. Your investment in the fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the fund(s) can increase during times of significant market volatility. The fund(s) also have specific principal risks, which are described below. More detailed information regarding these risks can be found in the fund(s)’ prospectus.

The principal risks of investing in the Calamos Focus Growth Fund ETF include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, foreign securities risk, premium-discount risk, secondary market trading risk, small- and mid-sized company stock risk, portfolio turnover risk and other investment companies risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

All Holdings

AS OF 10/20/14
Symbol Name % of Net Assets Market Value ISIN Market Sector Exchange Rate
AAPL US APPLE INC 8.80% 2,166,320.60 US0378331005 USD Information Technology 1.00
FB US FACEBOOK INC 6.68% 1,645,456.75 US30303M1027 USD Information Technology 1.00
GOOGL US GOOGLE INC - CLASS A 6.53% 1,608,132.75 US38259P5089 USD Information Technology 1.00
CERN US CERNER CORP 3.65% 898,340.52 US1567821046 USD Health Care 1.00
Cash 3.54% 872,157.38 USD
NKE US NIKE INC-B 3.36% 826,466.40 US6541061031 USD Consumer Discretionary 1.00
CMI US CUMMINS INC 3.10% 762,295.20 US2310211063 USD Industrials 1.00
ETN US EATON CORP PLC 2.95% 726,282.24 IE00B8KQN827 USD Industrials 1.00
UTX US UNITED TECHNOLOGIES CORP 2.91% 717,715.57 US9130171096 USD Industrials 1.00
C US CITIGROUP INC 2.91% 716,551.77 US1729674242 USD Financials 1.00
SBUX US STARBUCKS CORP 2.87% 707,454.80 US8552441094 USD Consumer Discretionary 1.00
MA US MASTERCARD INC 2.79% 687,548.48 US57636Q1040 USD Information Technology 1.00
RH US RESTORATION HARDWARE HOLDING 2.75% 678,314.00 US7612831005 USD Consumer Discretionary 1.00
LGF US LIONS GATE ENTERTAINMENT CORP 2.74% 675,808.00 CA5359192039 USD Consumer Discretionary 1.00
PODD US INSULET CORP 2.73% 672,395.20 US45784P1012 USD Health Care 1.00
VMW US VMWARE INC 2.70% 665,300.10 US9285634021 USD Information Technology 1.00
SLB US SCHLUMBERGER LTD 2.68% 659,481.46 AN8068571086 USD Energy 1.00
CLR US CONTINENTAL RESOURCES INC 2.50% 615,699.64 US2120151012 USD Energy 1.00
BX US BLACKSTONE GROUP LP 2.48% 610,465.50 US09253U1088 USD Financials 1.00
ZMH US ZIMMER HOLDINGS INC 2.42% 594,872.00 US98956P1021 USD Health Care 1.00
DECK US DECKERS OUTDOOR 2.31% 568,140.58 US2435371073 USD Consumer Discretionary 1.00
UNP US UNION PACIFIC CORP 2.30% 565,516.00 US9078181081 USD Industrials 1.00
ILMN US ILLUMINA INC 2.25% 553,273.05 US4523271090 USD Health Care 1.00
REGN US REGENERON PHARMACEUTICALS INC 2.25% 554,090.36 US75886F1075 USD Health Care 1.00
HD US HOME DEPOT 2.24% 550,464.00 US4370761029 USD Consumer Discretionary 1.00
JPM US JP MORGAN CHASE & CO 2.04% 501,585.00 US46625H1005 USD Financials 1.00
PCLN US Priceline Group Inc/The 2.01% 495,544.20 US7415034039 USD Consumer Discretionary 1.00
TROW US T ROWE PRICE 1.99% 490,805.75 US74144T1088 USD Financials 1.00
LVS US LAS VEGAS SANDS CORP 1.95% 480,599.60 US5178341070 USD Consumer Discretionary 1.00
SPLK US SPLUNK INC 1.84% 452,187.36 US8486371045 USD Information Technology 1.00
NOW US SERVICENOW INC 1.67% 411,429.32 US81762P1021 USD Information Technology 1.00
UPS US UNITED PARCEL SERVICE 1.56% 385,149.60 US9113121068 USD Industrials 1.00
AR US ANTERO RESOURCES 1.55% 382,600.20 US03674X1063 USD Energy 1.00
KO US COCA-COLA CO 1.54% 378,330.24 US1912161007 USD Consumer Staples 1.00
DAL US DELTA AIR LINES INC 1.41% 347,339.00 US2473617023 USD Industrials 1.00

Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-844-922-5226. Read it carefully before investing.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

The portfolio is actively managed. Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

Calamos Focus Growth ETF is an exchange traded fund. These products do not sell or redeem their shares at net asset value (NAV) except to authorized participants. Investors may purchase individual shares on an exchange.

Foreside Fund Services LLC, Distributor
3 Canal Plaza, Suite 100 | Portland, Maine
844.922.5226

Important Risk Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the fund(s). There can be no assurance that the fund(s) will achieve their investment objectives. Your investment in the fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the fund(s) can increase during times of significant market volatility. The fund(s) also have specific principal risks, which are described below. More detailed information regarding these risks can be found in the fund(s)’ prospectus.

The principal risks of investing in the Calamos Focus Growth Fund ETF include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, foreign securities risk, premium-discount risk, secondary market trading risk, small- and mid-sized company stock risk, portfolio turnover risk and other investment companies risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Total Capital Gains

  
20130.0000

Schedule

   
Distributions Annually
Capital Gains Annually

Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-844-922-5226. Read it carefully before investing.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

The Fund’s investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2016 to the extent necessary so that Total Annual Operating Expenses (excluding taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) are limited to 0.90% annually.

Calamos Focus Growth ETF is an exchange traded fund. These products do not sell or redeem their shares at net asset value (NAV) except to authorized participants. Investors may purchase individual shares on an exchange.

Foreside Fund Services LLC, Distributor
3 Canal Plaza, Suite 100 | Portland, Maine
844.922.5226

Important Risk Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the fund(s). There can be no assurance that the fund(s) will achieve their investment objectives. Your investment in the fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the fund(s) can increase during times of significant market volatility. The fund(s) also have specific principal risks, which are described below. More detailed information regarding these risks can be found in the fund(s)’ prospectus.

The principal risks of investing in the Calamos Focus Growth Fund ETF include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, foreign securities risk, premium-discount risk, secondary market trading risk, small- and mid-sized company stock risk, portfolio turnover risk and other investment companies risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Annual Expenses

CFGE
Total Expense Ratio 1.95
Net Expense Ratio 0.90

ETF Information

CFGE
Inception Date 7/14/2014
Ticker Symbol CFGE
CUSIP number 12811T100

Sales & Distribution

CFGE
NSCC ISIN US12811T007
NSCC CUSIP 01S992683
DTCC CUSIP 12811T100
Distributions Annual dividends; annual capital gains

Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-844-922-5226. Read it carefully before investing.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

The Fund’s investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2016 to the extent necessary so that Total Annual Operating Expenses (excluding taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) are limited to 0.90% annually.

Calamos Focus Growth ETF is an exchange traded fund. These products do not sell or redeem their shares at net asset value (NAV) except to authorized participants. Investors may purchase individual shares on an exchange.

Foreside Fund Services LLC, Distributor
3 Canal Plaza, Suite 100 | Portland, Maine
844.922.5226

Important Risk Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the fund(s). There can be no assurance that the fund(s) will achieve their investment objectives. Your investment in the fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the fund(s) can increase during times of significant market volatility. The fund(s) also have specific principal risks, which are described below. More detailed information regarding these risks can be found in the fund(s)’ prospectus.

The principal risks of investing in the Calamos Focus Growth Fund ETF include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, foreign securities risk, premium-discount risk, secondary market trading risk, small- and mid-sized company stock risk, portfolio turnover risk and other investment companies risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Focus Growth ETF Fact Sheet The Focus Growth ETF Fact sheet provides a fund overview, key features, potfolio fit, and benefits of active ETFs.
The Growing Case for Actively Managed ETFs We believe ETF investors should have the choice that mutual fund investors have had for years – a product that offers not just passive participation in the equity markets, but the potential for outperformance as well.
Focus Growth ETF Prospectus You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
Focus Growth ETF SAI The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations.
Focus Growth ETF Summary Prospectus This summary contains important information about Focus Growth ETF investment objective, fees and expenses, principal investment strategies, principal risks and performance.

Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-844-922-5226. Read it carefully before investing.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

The Fund’s investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2016 to the extent necessary so that Total Annual Operating Expenses (excluding taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) are limited to 0.90% annually.

Calamos Focus Growth ETF is an exchange traded fund. These products do not sell or redeem their shares at net asset value (NAV) except to authorized participants. Investors may purchase individual shares on an exchange.

Foreside Fund Services LLC, Distributor
3 Canal Plaza, Suite 100 | Portland, Maine
844.922.5226

Important Risk Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the fund(s). There can be no assurance that the fund(s) will achieve their investment objectives. Your investment in the fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the fund(s) can increase during times of significant market volatility. The fund(s) also have specific principal risks, which are described below. More detailed information regarding these risks can be found in the fund(s)’ prospectus.

The principal risks of investing in the Calamos Focus Growth Fund ETF include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, foreign securities risk, premium-discount risk, secondary market trading risk, small- and mid-sized company stock risk, portfolio turnover risk and other investment companies risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.

Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average assuming reinvestment of dividends and capital gains distributions. Daily performance returns are not adjusted for the 4.75% front-end sales charge, which would reduce the performance quoted. Where indicated, quarterly returns are adjusted for the maximum front-end sales load of 4.75% for Class A shares (3.75% for Total Return Bond Fund Class A Shares). Class B shares have a declining contingent deferred sales charge over six years, with a maximum of 5% in year one (3.50% for Total Return Bond Fund Class B shares). Class B shares automatically convert to A shares after eight years. There is a 1% contingent deferred sales charge for C shares on certain redemptions within the first year of purchase. Class B and C shares have been adjusted for the contingent deferred sales charge (CDSC). Class I shares are also available for institutional investors. 

 

The Fund's investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2015 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B, Class C and Class I are limited to 1.15%, 1.90%, 1.90% and 0.90% of average net assets respectively for the Calamos Value and Focus Growth Fund; 1.50%, 2.25%, 2.25% and 1.25% of average net assets respectively for the Calamos Discovery Growth Fund; 1.40%, 2.15%, 2.15% and 1.15% of average net assets respectively for the Calamos International Growth and Global Equity Fund; and 0.90%, 1.65%, 1.65% and 0.65% of average net assets respectively for the Calamos Total Return Bond Fund.

The funds' gross expense ratios as of the prospectus dated 3/1/14 are as follows: Growth A 1.28%, B 2.03%, C 2.03% and I 1.03%; Growth and Income A 1.09%, B 1.84%, C 1.84% and I 0.84%; Opportunistic Value A 1.54%, B 2.30%, C 2.29% and I 1.29%; Focus Growth A 1.65%, B 2.40%, C 2.40% and I 1.40%; Discovery Growth Fund A 1.72%, B 2.47%, C 2.47% and I 1.47%; Dividend Growth A 2.22%, C 2.97% and I 1.97%; Mid Cap Growth A 3.08%, C 3.83% and I 2.83%; Global Growth and Income A 1.41%, B 2.16%, C 2.16% and I 1.15%; International Growth A 1.48%, B 2.23%, C 2.23% and I 1.23%; Global Equity A 1.45%, B 2.20%, C 2.20% and I 1.20%; Evolving World Growth A 1.64%, B 2.39%, C 2.39% and I 1.39%; Emerging Market Equity A 2.62%, C 3.37% and I 2.37%; Convertible A 1.12%, B 1.87%, C 1.87% and I 0.87%; Market Neutral Income A 1.28%, B 2.05%, C 2.03% and I 1.02%; Long/Short A 2.68%, C 3.43% and I 2.43%; High Income A 1.18%, B 1.93%, C 1.93% and I 0.93%; and Total Return Bond A 0.99%, B 1.74%, C 1.74% and I 0.74%. 
 
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus containing this and other information or call 800-582-6959. Read it carefully.

 

Important Fund Information

  • Calamos Growth, Growth and Income, Opportunistic Value, Global Growth and Income, International Growth, Global Equity and Evolving World Growth Funds may invest in small and mid-size company securities, which generally present greater risk and higher volatility than investments in larger, more established companies.
  • Calamos Growth, Growth and Income, Opportunistic Value, Focus Growth, Global Growth and Income, International Growth, Global Equity and Evolving World Growth Funds invest a substantial portion of their assets in equity securities, which are subject to greater fluctuations in market value than other asset classes as a result of such factors as a company's business performance, investor perceptions, stock market trends, and general economic conditions.
  • Calamos Global Growth and Income, International Growth, Global Equity and Evolving World Growth Funds may invest up to 100% of assets in foreign securities. Total Return Bond Fund may invest up to 35% and all other Calamos funds up to 25% of assets in foreign securities. Investing outside the U.S. offers both risks and rewards. Increased volatility, changes in the value of foreign currencies, and difficulty in obtaining information are some of the risks involved.
  • Global Growth and Income, International Growth, Global Equity, Evolving World Growth and Total Return Bond Funds 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.
  • Calamos High Income Fund invests and Total Return Bond Funds may invest in lower-rated fixed-income securities, often referred to as "junk bonds," which generally present greater risks than higher-quality securities, because of the greater likelihood that the company issuing the lower-rated securities will default on income and principal payments.
  • Calamos Growth and Income, Convertible and Market Neutral Income Funds: There are certain risks associated with an investment in a convertible bond such as a default risk—the company issuing a convertible security may be unable to repay principal and interest—and interest rate risk—the convertible may decrease in value if interest rates increase.
  • Calamos Market Neutral Income Fund engages in short sales. Short sales involve the risk that the Fund may incur a loss if the market value of a borrowed security increases between the date of the short sale and the date the Fund replaces the security. A short position in a security poses more risk than holding the same security long. Because a short position loses value as the security's price increases, the loss on a short sale is theoretically unlimited. It is possible that the market value of the securities the Fund holds in long positions will decline at the same time that the market value of the securities the Fund has sold short increases, thereby increasing the Fund's potential volatility. The Market Neutral Income Fund engages in short sales of convertible securities' underlying stock, which may increase volatility and portfolio turnover.
  • Calamos Total Return Bond Fund may invest in derivative securities, including options, futures contracts and swap agreements. The use of derivatives presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. There is no assurance that any derivative strategy used by the Fund will succeed.
  • In addition to market risk, there are certain risks associated with an investment in Calamos Total Return Bond Fund, such as default risk, the risk that the company issuing debt securities will be unable to repay principal and interest, and interest rate risk that the security may decrease in value if interest rates increase.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Performance of the Growth Fund reflects the effects of an expense reimbursement that improved results and was in effect until March 31, 2000.

Performance shown for the Convertible Fund and Global Growth and Income Fund includes the effects of an overpayment of dividends and/ or capital gains distribution to shareholders of certain classes of shares of the Fund (and a corresponding capital contribution by Calamos Advisors LLC), which increased certain return figures.

1Net asset value is the $U.S. value of a single share excluding any sales charges. NAV Change shows the change in value from the prior business day: + = gain; - = loss; NC = no change. The net asset value of a fund will fluctuate. Please note that total return is considered one of the best measures of overall performance of most mutual fund investments. More complete information and long-term performance is available for each Fund by clicking on any Fund name. Shares are redeemable at current net asset value, which may be more or less than their original cost

Calamos Financial Services LLC, Distributor