Objective
Fund Objective
Long-term capital growth
Investment Strategy
- Quantitative approach in long and short investments that seeks to exploit identified trends, changes in the broad economic environment and inefficiencies in pricing.
- Short investments (approximately 30% of net assets under normal circumstances) will be achieved through short-selling securities that the research team, through a quantitative approach, believes to be overvalued.
- The Fund invests at least 80% of its managed assets (net assets plus any borrowings for investment purposes) in equity securities, including securities convertible into equity securities and invests primarily in equity securities issued by U.S. companies.
Investor Profile
This fund may be suitable for investors who seek:
- A strategy that seeks to increase returns with an enhanced approach more commonly associated with investments by large institutions.
- More sophisticated strategies such as short-selling and leverage.
- Alternative ways to invest during an uncertain market period.
Investment Management Team
The long-standing team has a proven track record of risk-managed portfolio construction; John P. Calamos, Sr. and Nick P. Calamos have experience in the investment industry dating back to 1970 and 1983, respectively.
Calamos 130/30 Equity Fund provides:
- A risk-managed approach by a team with experience in existing strategies that employ those covered call writing, shorting stocks and convertible bond investing.
- A strategy that seeks to increase returns with a leveraged portfolio approach.
- An investment team that follows a time-tested, risk-conscious philosophy.
Performance
Due to the Fund's recent launch date, many data elements are not available. Additional data will be added when it becomes available.
Composition
Due to the Fund's recent launch date, many data elements are not available. Additional data will be added when it becomes available.
Fund Information
| Fund Information |
| |
A Shares |
B Shares |
C Shares |
| Inception date |
6/20/2008 |
6/20/2008 |
6/20/2008 |
| Ticker symbol |
CELSX |
CELBX |
CELCX |
| CUSIP number |
128119229 |
128119211 |
128119195 |
| Minimum initial investment |
$2,500 |
$2,500 |
$2,500 |
| Minimum subsequent investments |
$50 |
$50 |
$50 |
| IRA initial investment |
$500 |
$500 |
$500 |
| Sales load |
Front-end |
Back-end |
Level-load |
| Maximum Sales Charge |
4.75% |
5.00% |
1.00% |
| Distributions |
Annual dividends; annual capital gains |
|
Fund Snapshot Class A
| Class A Shares |
| Inception Date |
6/20/2008 |
| Ticker Symbol |
CELSX |
| CUSIP |
128119229 |
| Daily Prices as of 10/10/08 |
| NAV |
6.64 |
| NAV Change |
0.00 |
See Notes  |
| | Distributions |
|---|
| Dividends | Annual | | Capital Gains | Annual |
| Literature |
|
|
Fund Snapshot Class B
| Class B Shares |
| Inception Date |
6/20/2008 |
| Ticker Symbol |
CELBX |
| CUSIP |
128119211 |
| Daily Prices as of 10/10/08 |
| NAV |
6.62 |
| NAV Change |
-0.01 |
| See Notes |
| | Distributions |
|---|
| Dividends | Annual | | Capital Gains | Annual |
| Literature |
|
|
Fund Snapshot Class C
| Class C Shares |
| Inception Date |
6/20/2008 |
| Ticker Symbol |
CELCX |
| CUSIP |
128119195 |
| Daily Prices as of 10/10/08 |
| NAV |
6.62 |
| NAV Change |
-0.01 |
| See Notes |
| | Distributions |
|---|
| Dividends | Annual | | Capital Gains | Annual |
| Literature |
|
|
Fund Snapshot Class R
| Class R Shares |
| Inception Date |
6/20/2008 |
| Ticker Symbol |
CELRX |
| CUSIP |
128119179 |
| Daily Prices as of 10/10/08 |
| NAV |
6.64 |
| NAV Change |
0.00 |
| See Notes |
| | Distributions |
|---|
| Dividends | Annual | | Capital Gains | Annual |
| Literature |
|
|
Fund Snapshot Class I
| Class I Shares |
| Inception Date |
6/20/2008 |
| Ticker Symbol |
CELIX |
| CUSIP |
128119187 |
| Daily Prices as of 10/10/08 |
| NAV |
6.65 |
| NAV Change |
0.00 |
| See Notes |
| | Distributions |
|---|
| Dividends | Annual | | Capital Gains | Annual |
| Literature |
|
|
|
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.
NOT FDIC INSURED 
NO BANK GUARANTEE MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
Important Fund Information
Short Sale Risk— 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.
Leverage Risk— Short sales involve leverage because the Fund borrows securities and then sells them, effectively leveraging its assets. The use of leverage may magnify gains or losses for the Fund. Assets segregated to cover those transactions may decline in value and are not available to meet redemptions.
Quantitative Investing Risk— The value of securities selected using quantitative-based analysis can react differently to issuer, political, market, and economic developments than the market as a whole or securities selected using only fundamental analysis. The factors used in quantitative-based analysis and the weight placed on those factors may not be predictive of a security's value. In addition, factors that affect a security's value can change over time and these changes may not be reflected in the quantitative model.
Portfolio Turnover Risk— Engaging in active and frequent trading of securities may result in a higher than average level of capital gains and greater transaction costs to the Fund, including brokerage commissions or dealer mark-ups and other transaction costs on the sale and reinvestments of securities. Such sales may also result in the realization of capital gains, including short-term capital gains (which are taxed at ordinary income tax rates for federal income tax purposes, rather than at lower capital gains rates) and may adversely impact the Fund's performance.
MidCap/ Small Cap Risk— The Fund may invest in mid-size and small companies which present greater risk and higher volatility than investments in larger companies.
Foreign Securities Risk—The Fund may also invest up to 25% of its assets in the securities of foreign issuers. As a result of political or economic instability in foreign countries, there can be special risks associated with investing foreign securities, including fluctuations in currency exchange rates, increased price volatility, and difficulty obtaining information.
NOTES
The Russell 3000® Index measures the performance of the largest 3000 U.S. companies, which represent approximately 98% of the investable U.S. equity market. Investors cannot invest directly in an index.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
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