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Calamos Multi-Fund Blend
Class A Shares (CMQAX)
Objective
Fund Objective
Long-term capital growth and, secondarily, current income
Investment Strategy
- Calamos Multi-Fund Blend combines three compelling Calamos funds into a diversified but unified fund of funds designed to serve as the equity cornerstone of an investment portfolio.
- By investing in just one fund, Calamos Multi-Fund Blend, investors gain access to three distinct investment strategies with minimal holdings overlap.
- Calamos Growth Fund—an aggressive fund that seeks stocks with above-average growth potential
- Calamos Global Growth and Income Fund—a defensive mix of U.S. and foreign equity and convertible securities
- Calamos Value Fund—seeks undervalued companies that possess catalysts for growth
- Calamos Multi-Fund Blend invests in Class I shares of the underlying funds.
- The percentage allocations to the underlying funds will be monitored daily and rebalanced whenever the actual allocations diverge by 5% or more from their one-third target allocation.
- New cash flows can be used to achieve rebalancing.
Investor Profile
This Fund may be suitable for investors who seek:
- Broad diversification, total-return potential and risk control
- A core equity allocation, which offers growth, value and defensive global holdings
- An automatic rebalancing feature
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, who have managed the Fund since inception, have experience in the investment industry dating back to 1970 and 1983, respectively.
Performance
YTD Return as of 7/23/08 -12.42%
| Month–End Performance as of 6/30/08 |
| |
Annualized Total Return |
| 1-Year |
3-Year |
5-Year |
10-Year |
Since Inception |
| NAV |
-6.67% |
-- |
-- |
-- |
6.06% |
| Load-Adjusted |
-11.10% |
-- |
-- |
-- |
3.52% |
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. All performance shown assumes reinvestment of dividends and capital gains distributions. Class A shares load-adjusted returns are adjusted for the maximum front-end sales load of 4.75%. The Fund also offers Class B and C shares, the performance of which may vary. Performance shown reflects an expense reimbursement that improved results.
The Fund's gross expense ratio is 1.27 as of 10/31/07.
How $10,000 Grew June 28, 2006 - June 30, 2008
The chart below shows how a hypothetical $10,000 investment in the Fund performed versus the index since the Fund's inception.
Performance is for the Fund's Class A shares at net asset value and does not include the Fund's maximum front-end sales charge of 4.75%—had it been included, the Fund's return would have been lower. Source: State Street Corporation and Lipper, Inc. Index data shown is from 6/30/06, since comparative index data is available only for full monthly periods.
See Notes 
Composition as of 6/30/08
Fund Composition  View All Holdings |
| Total Net Assets |
$30,634,749 |
| Net Expense Ratio as of 10/31/07 |
1.60% |
See Notes
| Asset Allocation* |
| Common Stock |
82.3% |
| Convertible Bonds |
11.9% |
| Convertible Preferred Stock |
2.9% |
| Cash and Receivables/Payables |
2.1% |
| Synthetic Convertibles |
0.8% |
| Corporate Bonds |
0.0% |
| Options |
0.0% |
| Other |
0.0% |
| Preferred Stock |
0.0% |
| Warrants |
0.0% |
| Regional Allocation*,† |
| North America |
65.2% |
| Europe |
17.6% |
| Asia/Pacific |
7.9% |
| Caribbean |
4.8% |
| Latin America |
1.6% |
| Middle East/Africa |
0.8% |
| Sector Weightings* |
| Information Technology |
31.1% |
| Consumer Discretionary |
12.2% |
| Financials |
11.8% |
| Industrials |
11.0% |
| Energy |
10.6% |
| Health Care |
10.4% |
| Consumer Staples |
6.2% |
| Materials |
2.9% |
| Telecommunication Services |
1.7% |
| Utilities |
0.0% |
| Top 10 Holdings* |
| Nike, Inc. |
2.4% |
| eBay, Inc. |
2.2% |
| Alcon, Inc. |
2.2% |
| Dell, Inc. |
2.2% |
| Coca-Cola Company |
2.0% |
| Johnson & Johnson |
1.7% |
| Nestle Holdings, Inc. |
1.6% |
| Cisco Systems, Inc. |
1.6% |
| United Technologies Corp. |
1.5% |
| ITT Educational Services, Inc. |
1.5% |
| Total |
18.9% |
* The portfolios of the underlying funds are actively managed. Holdings, weightings and allocations are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned. Fund composition weightings are based on net assets. Sector weightings do not include the government bond portion of synthetic convertibles. Diversification does not eliminate risk.
† Companies are classified geographically according to their country of incorporation.
Fund Information
| Fund Information |
| |
A Shares |
B Shares |
C Shares |
| Inception date |
6/28/06 |
6/28/06 |
6/28/06 |
| Ticker symbol |
CMQAX |
CMQBX |
CMQCX |
| CUSIP number |
128119534 |
128119526 |
128119518 |
| 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 Shares |
| Inception Date |
6/28/06 |
| Ticker Symbol |
CMQAX |
| CUSIP |
128119534 |
| Daily Prices as of 7/23/08 |
| NAV |
11.00 |
| NAV Change |
0.03 |
| See Notes |
| | Distributions |
|---|
| Dividends | Annual | | Capital Gains | Annual |
| Literature |
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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
Calamos Value Fund takes larger position in fewer issues, which may result in greater share price volatility and increase overall potential risk.
Calamos Global Growth and Income Fund may invest up to 100% (and all other Calamos funds mentioned 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.
NOTES
Annualized Standard Deviation—A statistical measure of the historical volatility of a mutual fund or portfolio, usually computed using 36 monthly returns. More generally, a measure of the extent to which numbers are spread around their average.
Beta—Source: Russell/Mellon Analytical Services LLC. Risk as measured by the Fund's beta compared to the Russell Mid-Cap Index, an index which measures the performance of the 800 smallest companies in the Russell 1000 Index, representing approximately 30% of the total market capitalization of the Russell 1000 Index, and the S&P 500 Index, which is an unmanaged index generally considered representative of the U.S. Stock market.
Current (SEC) Yield—Reflects the dividends and interest earned by the Fund during the 30-day period ended as of the date stated above after deducting the Fund's expenses for that same period.
Distribution Rate—The percentage rate at which a fund distributes income to its shareholders. It is calculated by dividing a fund's annual distributions by its current price; this figure can vary from the SEC yield of the same fund because of the multiple ways of treating different asset classes.
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