Because the opportunities and risks of emerging markets vary widely from country to country, an active approach is essential. From a geographic perspective, Calamos Evolving World Growth Fund differs significantly from the MSCI Emerging Market Index. We believe this is be an important differentiator for the risk-conscious investor.
As of December 31, 2013. Fund data is calculated as a percentage of portfolio excluding cash. Geographic allocation is subject to change daily. Information is provided for informational purposes only and should not be deemed as a recommendation to purchase or sell holdings in the areas referenced. The MSCI Emerging Market Index is a free float adjusted market capitalization index. It includes market indexes of Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, and Turkey Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown.