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CALAMOS EMERGING MARKET EQUITY FUND (CEGAX)

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Overview

The fund invests in growth companies globally, whose principal activities are in a developing market or are economically tied to a developing market country that we believe offer the best opportunities for emerging market growth.

Key Features

  • Stresses company fundamentals, including global presence, strong revenue and earnings growth, solid returns on invested capital and lower debt-to-capital levels
  • Actively seeks growth opportunities by investing in 100% equity, with at least 80% emerging market exposure
  • Utilizes decades of Calamos experience investing globally through multiple economic, market and credit cycles

Portfolio Fit

This actively managed fund complements EM strategies with less pronounced growth orientations, such as those that more closely track the broad EM equity market.

A New Calamos Strategy, A World of Potential

Calamos launched the Calamos Emerging Market Equity Fund to potentially capitalize on secular themes by investing primarily in a diversified portfolio of EM-domiciled growth equities.

Leveraging Calamos' Extensive Global Investing Experience

  • 25 years of global/emerging market investing through multiple market cycles
  • Team-based approach with 22 years of average portfolio manager1 investment experience
  • 3.9 billion dollars of global equity assets managed by Calamos

Bringing an Experienced Approach to Global Opportunity

Our new Emerging Market Equity Fund leverages more than two decades of growth investing experience on the international stage.

Fund Details

As of 12/19/14
Inception Date:
12/31/13
Current NAV:
$9.25
$ Change:
$0.03
% Change:
0.32%
Net Assets*
15.1 mil
(*Total Net Assets as of 9/30/14)

Zephyr Analysis


Create real time reports on performance, risk analysis, peer group analysis, style attribution and more on the Calamos Investment Professional site.

Resources

Calendar Year Total Returns

AS OF 9/30/14

Annualized Total Returns

AS OF 9/30/14
Calamos (NAV)-1.83%-3.20%
(Load-Adjusted)-6.47%-7.81%
MSCI Emerging3.12%2.75%

The Fund's Gross Expense Ratio is 2.62 as of the prospectus dated 3/01/14

Sector Weightings

AS OF 9/30/14
% of Assets MSCI Emerging Markets Index
Information Technology 25.4% 16.7%
Financials 21.7% 27.6%
Consumer Discretionary 15.9% 9.0%
Energy 8.5% 10.1%
Telecommunication Services 5.3% 7.7%
Consumer Staples 4.9% 8.3%
Industrials 4.8% 6.7%
Materials 4.3% 8.3%
Health Care 2.4% 2.1%
Utilities 0.5% 3.5%
Index Options 0.0% 0.0%
Sovereign Bonds 0.0% 0.0%
Other 0.0% 0.0%

Asset Allocation

AS OF 9/30/14

Top 10 Holdings

Adobe Logo View All Holdings AS OF 9/30/14
Company Security Type Industry
%
MediaTek, Inc. Common Stock Semiconductors 2.7%
Samsung Electronics Company, Ltd. Common Stock Technology Hardware, Storage & Peripherals 2.6%
Grupo Financiero Banorte, SAB de CV Common Stock Diversified Banks 2.5%
Cemex, SAB de CV Common Stock Construction Materials 2.4%
Metropolitan Bank & Trust Company Common Stock Diversified Banks 2.3%
Baidu, Inc. Common Stock Internet Software & Services 2.2%
Taiwan Semiconductor Manufacturing Company, Ltd. Common Stock Semiconductors 2.1%
Tencent Holdings, Ltd. Common Stock Internet Software & Services 2.1%
Credicorp, Ltd. Common Stock Diversified Banks 2.1%
Naspers, Ltd. - Class N Common Stock Cable & Satellite 2.0%
Total 23.0%

Fund Facts

AS OF 9/30/14


Fund
Total Net Assets $15.1 million
# of Holdings 80
Turnover 97.8%
Price/Book 1.5x
Price/Earnings 15.5x
Price/Sales 1.3x
PEG Ratio 1.1x
Debt/Capital 25.8%
ROIC 22.9%
Portfolio Turnover (12 months) 97.8%

Market Capitalization

AS OF 9/30/14
> $84bil 13.3%
$25bil - $84bil 23.2%
$8bil - $25bil 34.1%
$3bil - $8bil 10.2%
< $3bil 19.2%

Regional Exposure

AS OF 9/30/14
Asia/Pacific 63.4%
Latin America 23.6%
Middle East/Africa 5.1%
Europe 1.6%
North America 0.0%

Country Exposure

AS OF 9/30/14
China 13.7%
Taiwan 10.9%
Mexico 10.5%
Brazil 10.3%
South Korea 8.7%
India 7.8%
Hong Kong 6.7%
Indonesia 6.2%
South Africa 5.1%
Philippines 3.9%

Currency Exposure

AS OF 9/30/14
Hong Kong Dollar (HKD) 17.9%
United States Dollar (USD) 16.5%
Taiwan Dollar (TWD) 11.6%
Mexican Peso (MXN) 11.2%
Brazilian Real (BRL) 10.9%
South Korean WON (KRW) 9.3%
Indonesian Rupiah (IDR) 6.6%
South African Rand (ZAR) 5.4%
Philippines Peso (PHP) 4.2%
Malaysian Ringgit (MYR) 3.7%
Thai Bahat (THB) 1.5%
Euro (EUR) 1.2%
Indian Rupee (INR) 0.0%
Russian Ruble (RUB) 0.0%
Polish Zloty (PLN) 0.0%
Turkish New Lira (TRY) 0.0%
Chilean Peso (CLP) 0.0%
Colombian Peso (COP) 0.0%
Qatari Riyal (QAR) 0.0%
Utd Arab Emirates Dirham (AED) 0.0%
Egyptian Pound (EGP) 0.0%
Czech Koruna (CZK) 0.0%
Hungarian Forint (HUF) 0.0%

Total Capital Gains

  
20140.0000

Schedule

   
Distributions
Capital Gains

For more information about the Funds such as sector weightings, top holdings, credit ratings and distribution rates, please contact Client Services at 800-582-6959.

Each Fund is a series of Calamos Investment Trust. The investment adviser to the Funds is Calamos Advisors LLC. The Calamos Family of Funds offers a range of investment strategies for individual investors with diverse investment objectives and needs. For more information on the Funds, please call 800-582-6959.

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 1-800-582-6959. Read it carefully before investing.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Calamos Financial Services LLC, Distributor

Annual Expenses

A Shares C Shares I Shares
Total Expense Ratio2.623.372.37
Net Expense Ratio1.752.501.50
Transaction Fee0.000.000.00
Redemption Fee0.000.000.00

Investment Information

A Shares C Shares I Shares
Minimum initial investment$2,500$2,500$1 million
Minimum subsequent investments$50$50$0
IRA initial investments$500$500N/A

Fund Information

A Shares C Shares I Shares
Inception Date12/31/1312/31/1312/31/13
Ticker SymbolCEGAXCEGCXCIEIX
CUSIP number128120789128120771128120763

Sales & Distribution

A Shares C Shares I Shares
Sales loadFront-endLevel-LoadN/A
Maximum Sales Charge4.75%1.00%
US Bank Fund Number192919301931
DistributionsEmerging Market Equity

For more information about the Funds such as sector weightings, top holdings, credit ratings and distribution rates, please contact Client Services at 800-582-6959.

Each Fund is a series of Calamos Investment Trust. The investment adviser to the Funds is Calamos Advisors LLC. The Calamos Family of Funds offers a range of investment strategies for individual investors with diverse investment objectives and needs. For more information on the Funds, please call 800-582-6959.

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 1-800-582-6959. Read it carefully before investing.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Calamos Financial Services LLC, Distributor

Calamos Emerging Market Equity Fund Quarterly Commentary A quarterly update of the Calamos Emerging Market Equity Fund’s performance, positioning, related market commentary and outlook.
Calamos Emerging Market Equity Fund Fact Sheet The Emerging Market Equity Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
Calamos Emerging Market Equity Fund Prospectus (AC) This summary contains important information about the Class A, B and C Emerging Market Equity Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.
Calamos Emerging Market Equity Fund Prospectus (IR) This summary contains important information about the Class I and R Emerging Market Equity Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.
Statutory Prospectus (ABC) You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
Statutory Prospectus (IR) You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
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.

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 1-800-582-6959. Read it carefully before investing.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Calamos Financial Services LLC, Distributor

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

 

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 1-800-582-6959. Read it carefully before investing.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Calamos Financial Services LLC, Distributor

21-year, 3-year, 5-year, 10-year and since inception returns are as of 12/31/13. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions. Performance shown reflects an expense reimbursement that improved results. Load-adjusted 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 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). There are no contingent deferred sales charges or distribution or service fees with respect to Class I shares. The minimum initial investment required to purchase each Fund's Class I shares is $1 million. Class I shares are offered primarily for direct investment by investors through certain tax-exempt retirement plans (including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans, defined benefit plans and non qualified deferred compensation plans) and by institutional clients, provided such plans or clients have assets of at least $1 million. Class I shares may also be offered to certain other entities or programs, including, but not limited to, investment companies, under certain circumstances.

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%. 

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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.