Morningstar rated the Growth Fund among 1,459, and 816 Large Growth funds, Growth and Income Fund among 320 and 108 Aggressive Allocation funds, Value Fund among 1,578 and 843 Large Blend funds, Blue Chip Fund among 1,459 Large Blend funds, Global Growth and Income Fund among 230 and 72 World Allocation funds, International Growth Fund among 210 Foreign Large Growth funds, Global Equity Fund among 710 World Stock funds, Evolving World Growth Fund among 354 Diversified Emerging Markets funds, Convertible Fund among 64 and 39 Convertibles funds, Market Neutral Income Fund among 50 and 18 Market Neutral funds, High Income Fund among 500 and 301 High Yield Bond funds, Total Return Bond Fund among 1,013 Intermediate-Term Bond funds for the overall rating and the 10-year periods ending 3/31/2012, respectively. Morningstar Ratings™ are based on risk-adjusted returns. Morningstar calculates a Morningstar Rating metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Different shares classes may have different ratings.
1Current annualized distribution rate on market price is the rate at which the Fund distributes dividend, interest income, and gains earned on the Fund's portfolio, expressed as an annualized percentage of the Fund's current market price per share.
21-year, 3-year, 5-year, 10-year and since inception returns are as of 3/31/2012. 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 adviser has contractually agreed to reimburse Fund expenses through June 30, 2013 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 and Class C are limited to 1.15%, 1.90% and 1.90% of average net assets respectively for the Calamos Value and Blue Chip Fund; 1.50%, 2.25% and 2.25% of average net assets respectively for the Calamos Discovery Growth Fund; 1.40%, 2.15% and 2.15% of average net assets respectively for the Calamos International Growth and Global Equity Fund; and 0.90%, 1.65% and 1.65% of average net assets respectively for the Calamos Total Return Bond Fund.
The Fund's investment adviser has contractually agreed to reimburse Fund expenses through June 30, 2013 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 I and Class R are limited to 0.90% and 1.40% of average net assets respectively for the Calamos Value and Blue Chip Fund; 1.25% and 1.75% of average net assets respectively for the Calamos Discovery Growth Fund; 1.15% and 1.65% of average net assets respectively for the Calamos International Growth and Global Equity Fund; and 0.65% and 1.15% of average net assets respectively for the Calamos Total Return Bond Fund.
The funds' gross expense ratios as of the prospectus dated 2/29/12 are as follows: Growth A 1.26%, B 2.01%, C 2.01% and I 1.02%; Growth and Income A 1.08%, B 1.83%, C 1.83% and I 0.83%; Value A 1.68%, B 2.43%, C 2.43% and I 1.43%; Blue Chip A 1.57%, B 2.32%, C 2.32% and I 1.32%; Discovery Growth Fund A 1.84%, B 2.61%, C 2.60% and I 1.55%; Global Growth and Income A 1.32%, B 2.07%, C 2.07% and I 1.07%; International Growth A 1.58%, B 2.33%, C 2.33% and I 1.34%; Global Equity A 1.66%, B 2.42%, C 2.41% and I 1.39%; Evolving World Growth A 1.58%, B 2.34%, C 2.34% and I 1.34%; Convertible A 1.07%, B 1.82%, C 1.82% and I 0.82%; Market Neutral Income A 1.22%, B 1.97%, C 1.97% and I 0.97%; High Yield A 1.22%, B 1.97%, C 1.97% and I 0.97%; and Total Return Bond A 0.97%, B 1.72%, C 1.72% and I 0.72%.
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.