Objective
Fund Objective
Long-term capital growth
Investment Strategy
- Invests in the securities of companies that are based in developing countries and can also invest in developed-world companies with ties to emerging economies.
- Manages the Fund according to our stringent growth discipline, targeting companies that we believe offer the best opportunities for capital appreciation over the long-term.
- Can flexibly deploy assets across sectors, countries, market caps and security types in an effort to manage risk and maximize return.
Investor Profile
This fund may be suitable for investors who seek:
- Enhanced diversification potential.
- An equity portfolio of companies offering high relative and sustainable growth potential.
- A risk-conscious means to participate in the long-term growth potential of developing markets.
- An asset allocation solution that could potentially reduce volatility and increase total return in an investment portfolio.
Investment Management Team
Co-Chief Investment Officers, John P. Calamos, Sr. and Nick P. Calamos, CFA lead our investment team, which comprises more than 50 investment professionals. John and Nick have managed assets together for 25 years, and our team is carefully integrated to promote the transmission of the investment process to every member. The team has invested in non-U.S. markets since 1988 and currently manages a range of global and international portfolios for clients around the world.
Calamos Emerging Economies Growth Fund provides:
- A flexible, disciplined approach to a market environment marked by rapidly evolving opportunities and risks.
- An asset allocation tool that could potentially reduce volatility and increase total return in an investment portfolio.
- A targeted emphasis on countries that embrace economic freedoms, which we believe guides us to more stable markets.
- An investment management team with two decades of experience investing in global markets.
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 Funds also offer Class B and C shares, the performance of which may vary. Performance shown reflects an expense reimbursement that improved results.
 View all Funds' Quarterly Distributions
Composition
Due to the Fund's recent launch date, many data elements are not available. Additional data will be added when it becomes available.
* The portfolio is actively managed. Holdings and weightings 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.
† Companies are classified geographically according to their country of incorporation.
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 |
8/15/2008 |
8/15/2008 |
8/15/2008 |
| Ticker symbol |
CNWGX |
CNWZX |
CNWDX |
| CUSIP number |
128119161 |
128119153 |
128119146 |
| 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 |
8/15/2008 |
| Ticker Symbol |
CNWGX |
| CUSIP |
128119161 |
| Daily Prices as of 1/5/09 |
| NAV |
7.31 |
| NAV Change |
0.05 |
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
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, more established companies.
Foreign Securities Risk—The Fund may invest up to 100% 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 in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information.
Emerging Markets Risk—The Fund may invest in securities issued by companies in emerging markets; these may present additional risk due to the potential for greater economic and political instability in less developed countries.
Convertible Securities Risk—In addition to market risk, there are certain other risks associated with an investment in a convertible bond, such as default risk, the risk that the company issuing debt securities will be unable to repay principal and interest, and interest rate risk, the risk that the security may decrease in value if interest rates increase.
High-Yield Securities Risk—The Fund may invest in lower-rated (high-yield) securities, which present greater risks than investments in higher-rated securities. This is because there is a greater likelihood that the company issuing the lower-rated securities may default on income and principal payments.
NOTES
The MSCI Emerging Markets IndexSM is a free float-adjusted market capitalization index. As of August 2005, the index consisted of the following 26 emerging market country indices: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, Turkey and Venezuela. The index represents companies within these countries that are available to investors worldwide.
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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