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 30/9/17
Inception Date:
01/12/2013
Strategy Assets*:
$16.7 M
Benchmark:
MSCI Emerging Markets

Resources

Sector Weightings

AS OF 30/9/17
% of Assets MSCI Emerging Markets Under/Overweight %
Information Technology 29.9% 27.5%
Financials 24.5 23.4
Consumer Discretionary 12.5 10.3
Consumer Staples 7.4 6.5
Materials 6.1 7.2
Energy 5.6 6.8
Industrials 5.2 5.4
Real Estate 4.4 2.9
Telecom Services 2.8 5.1
Health Care 1.6 2.3
 

Representative Portfolio Ten Largest Holdings

AS OF 30/9/17
Company Country Sector %
Tencent Holdings, Ltd. China Information Technology 5.2
Alibaba Group Holding, Ltd. China Information Technology 5.0
Taiwan Semiconductor Mfg Co. Taiwan Information Technology 4.6
Samsung Electronics Company South Korea Information Technology 4.5
Ishares Msci India Etf United States Other 2.8
Indiabulls Housing Finance, Ltd. India Financials 2.7
Naspers, Ltd. - Class N South Africa Consumer Discretionary 2.5
Ping An Insurance Group Company China Financials 2.5
Sberbank Of Russia Pjsc Russia Financials 2.3
Itau Unibanco Holding, Sa Brazil Financials 2.3

Characteristics

AS OF 30/9/17
  Calamos Portfolio MSCI Emerging Markets
Assets in Strategy $16.7 million N/A
# of Holdings 84 839
Portfolio Turnover % (12-Month) 87.0% N/A
Median Market Cap ($bil) $21.6 $5.9
Weighted Average Market Cap ($bil) $98.5 $84.6
ROIC % 22.0% 18.2%
Debt/Capital % 28.2% 27.4%
PEG Ratio (1 year forward) 1.1x 1.3x

Regional Exposure

AS OF 30/9/17
Region %
Asia/Pacific 68.7%
Latin America 13.2%
Europe 9.2%
Middle East/Africa 5.4%
North America 3.5%

Annualized Total Returns

AS OF 30/9/17
1-Year3-YearSince Inception (12/13)
Emerging Market Equity (Gross)18.79%4.09%2.98%
Emerging Market Equity (Net)17.52%2.96%1.87%
MSCI Emerging Markets22.90%5.28%4.45%

Calendar Year Returns

AS OF 30/9/17
                           Qtr Ending Sep 17YTD 201720162015201412/01/2013 to 12/31/2013
Emerging Market Equity (Gross)10.75%32.87%-0.15%-12.07%-5.47%1.50%
Emerging Market Equity (Net)10.46%31.82%-1.24%-13.04%-6.48%1.41%
MSCI Emerging Markets8.04%28.13%11.60%-14.60%-1.82%-1.44%



Risk/Reward Since Inception

AS OF 30/9/17
  Calamos Emerging Market Equity Composite MSCI Emerging Markets
Alpha -0.90% N/A
Beta 0.88 1.00
Standard Deviation 14.41% 15.24%
Upside Semivariance 9.06% 10.90%
Downside Semivariance 7.97% 8.24%
Sharpe Ratio 0.1910 0.2771
Information Ratio -0.2727 N/A

Since Inception Up/Down Capture Vs. MSCI Emerging Markets

AS OF 30/9/17 80.82 = Upside
89.75 = Downside

* Strategy Assets reflect all assets that are currently being managed (collectively) under the Calamos Emerging Market Equity Strategy.

Strategy Vehicles

Separately Managed Accounts Minimum: $25 million

34601E

Emerging Market Equity Institutional Strategy Fact Sheet
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.
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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.
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