Institutional Strategies Main

FOCUS GROWTH

Strategy Objective

A large-cap growth strategy that invests in a more concentrated portfolio of common and preferred stocks of well-established, well-known and financially viable companies. The strategy seeks to outperform the Russell 1000 Growth Index over a full market cycle.

Key Differentiators
  • In-depth capital structure analysis
  • Rigorous top-down and fundamental research
  • More concentrated, High conviction portfolio
  • Team approach to management

Strategy Details




As of 06/30/15
Inception Date:
01/01/04
Strategy Assets*:
$101.3 M
Benchmark:
Russell 1000 Growth Index

Resources

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

Sector Weightings

AS OF 06/30/15
% of Assets Russell 1000 Growth Index Under/Overweight %
Information Technology 30.7% 27.2%
Consumer Discretionary 20.0 21.0
Health Care 17.4 18.3
Consumer Staples 10.0 10.5
Financials 9.2 5.2
Industrials 8.4 11.1
Telecommunication Services 2.3 1.8
Energy 2.0 1.0
Materials 0.0 3.9
Utilities 0.0 0.0
 

Representative Portfolio Ten Largest Holdings

AS OF 06/30/15
Company Sector %
Apple, Inc. Information Technology 9.0
Facebook, Inc. - Class A Information Technology 3.3
Reynolds American, Inc. Consumer Staples 3.2
Visa, Inc. - Class A Information Technology 3.1
WisdomTree Investments, Inc. Financials 3.0
Tencent Holdings, Ltd. Information Technology 2.8
Nike, Inc. - Class B Consumer Discretionary 2.8
Google, Inc. - Class A Information Technology 2.7
Under Armour, Inc. Consumer Discretionary 2.6
Cerner Corp. Health Care 2.5

Characteristics

AS OF 06/30/15
  Calamos Portfolio Russell 1000 Growth Index
Assets in Strategy $101.3 million N/A
# of Holdings 43 644
Portfolio Turnover %(5-year) 75.9% N/A
Median Market Cap ($bil) $26.0 $9.3
Weighted Average Market Cap ($bil) $134.1 $130.6
ROIC % 21.3% 21.4%
Debt/Capital % 26.9% 40.9%
PEG Ratio (1 year forward) 1.6x 1.8x

Composite Summary

AS OF 06/30/15
Period Ending Composite Assets (in Millions) Total Assets (in Millions) % Of Total Assets Managed # Of Clients Average Acct. Size (in Millions)
12/31/2013 78 26,543 0.3% 1 78
12/31/2012 59 30,580 0.2% 1 59
12/31/2011 57 32,777 0.2% 1 57
12/31/2010 65 35,414 0.2% 1 65
12/31/2009 73 32,144 0.2% 1 73
12/31/2008 95 23,522 0.4% 1 95
12/31/2007 159 46,208 0.3% 1 159
12/31/2006 154 44,725 0.3% 1 154
12/31/2005 122 43,805 0.3% 1 122
12/31/2004 91 37,975 0.2% 1 91

44601C

Annualized Total Returns

AS OF 06/30/15
1-Year3-Year5-Year10-YearSince Inception (1/04)
Focus Growth (Gross)10.83%17.46%15.68%8.44%8.43%
Focus Growth (Net)9.74%16.31%14.55%7.37%7.36%
Russell 1000 Growth Index10.56%17.99%18.59%9.10%8.29%

Calendar Year Returns

AS OF 06/30/15
                           Qtr ending Jun 15YTD 201520142013201220112010200920082007200620052004
Focus Growth (Gross)0.79%5.39%7.18%35.43%15.31%-4.85%15.06%35.77%-35.93%10.62%13.32%7.55%11.90%
Focus Growth (Net)0.54%4.87%6.12%34.12%14.18%-5.80%13.93%34.46%-36.54%9.54%12.20%6.49%10.79%
Russell 1000 Growth Index0.12%3.96%13.05%33.48%15.26%2.64%16.71%37.21%-38.44%11.81%9.07%5.26%6.30%



44601B

Risk/Reward Since Inception

AS OF 06/30/15
  Calamos Focus Growth Composite Russell 1000 Growth Index
Alpha 0.35% N/A
Beta 0.98 1.00
Standard Deviation 14.71% 14.33%
Upside Semivariance 10.27% 9.71%
Downside Semivariance 8.35% 7.96%
Sharpe Ratio 0.48 0.45
Information Ratio 0.17 N/A

Since Inception Up/Down Capture Vs. Russell 1000 Growth Index

AS OF 06/30/15

44601B

Strategy Vehicles

Separately Managed Accounts Minimum: $5 million
Institutional Mutual Fund (CBCIX) Minimum $1 million

34601E

Fact Sheet The Focus 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 Focus Growth Strategy’s performance versus a benchmark, positioning, related market commentary, and outlook.
Equity Valuation Process A review of Calamos Investments’ research process for determining a company’s business valuation and how Calamos research uncovers the economic profits of a company and how our research determines the quality of the cash flows, the return on capital, and finally, the equity’s valuation.