Institutional Strategies Main

International Growth Concentrated

Strategy Details




As of 30/9/18
Inception Date:
01/12/2013
Strategy Assets*:
$48.1 M
Benchmark:
MSCI ACWI ex-US Growth

Resources

*Strategy Assets reflect all assets that are currently being managed (collectively) under the strategy, which may contain multiple performance composites.

Strategy Objective

A non-U.S. all-cap growth equity strategy that invests in a concentrated portfolio of common stocks of growth companies based outside the United States and seeks to outperform the MSCI ACWI ex-U.S. Growth Index over a full market cycle.

Key Differentiators
  • In-depth capital structure analysis
  • Rigorous top-down and fundamental research
  • High active share, high relative growth focus
  • Team approach to management

Sector Weightings

AS OF 30/9/18
% of Assets MSCI ACWI ex-US Growth Under/Overweight %
Information Technology 32.4% 18.6%
Consumer Staples 14.3 14.9
Industrials 13.7 16.2
Financials 10.7 10.2
Consumer Discretionary 10.6 13.8
Health Care 10.6 10.0
Energy 4.9 3.0
Real Estate 2.8 1.7
Materials 0.0 8.3
Telecom Services 0.0 2.2
 

Representative Portfolio Ten Largest Holdings

AS OF 30/9/18
Company Country Sector %
Alibaba Group Holding, Ltd. China Information Technology 5.1
Tencent Holdings, Ltd. China Information Technology 4.7
Taiwan Semiconductor Mfg Co. Taiwan Information Technology 4.0
Thales, Sa France Industrials 3.3
Asml Holding, Nv Netherlands Information Technology 3.1
Astrazeneca, Plc United Kingdom Health Care 3.0
Diageo, Plc United Kingdom Consumer Staples 3.0
Nintendo Company, Ltd. Japan Information Technology 3.0
China Petroleum & Chemical Corp. - Class H China Energy 2.9
Aroundtown, Sa Germany Real Estate 2.8

Characteristics

AS OF 9/30/18
  Calamos Portfolio MSCI ACWI ex-US Growth
Assets in Strategy $48.1 million N/A
# of Holdings 43 1150
Portfolio Turnover % (12-Month) 84.8% N/A
Median Market Cap ($bil) $30.2 $8.5
Weighted Average Market Cap ($bil) $87.2 $68.3
ROIC % 23.7% 16.2%
Debt/Capital % 29.8% 28.9%
PEG Ratio (1 year forward) 1.5x 1.9x

Composite Summary

AS OF 30/9/18
Period Ending Composite Assets (in Millions) Total Assets (in Millions) % Of Total Assets Managed # Of Clients Average Acct. Size (in Millions)
12/31/2016 05 18,278 0.0% 1 05
12/31/2015 05 21,908 0.0% 1 05
12/31/2014 05 23,506 0.0% 1 05
12/31/2013 05 26,543 0.0% 1 05

44604C

Annualized Total Returns

AS OF 30/9/18
1-Year3-YearSince Inception (12/13)
International Growth Concentrated (Gross)2.50%9.49%4.67%
International Growth Concentrated (Net)1.57%8.44%3.65%
MSCI ACWI ex-US Growth3.44%10.98%5.11%

Calendar Year Returns

AS OF 30/9/18
                           Qtr Ending Sep 18YTD 2018201720162015201412/01/2013 to 12/31/2013
International Growth Concentrated (Gross)-1.81%-4.80%37.17%-5.82%6.03%-7.42%3.29%
International Growth Concentrated (Net)-2.02%-5.42%35.82%-6.75%4.99%-8.33%3.20%
MSCI ACWI ex-US Growth-0.21%-2.23%32.44%0.49%-0.91%-2.29%1.04%



44604B

Risk/Reward Since Inception

AS OF 30/9/18
  Calamos International Growth Concentrated Composit MSCI ACWI ex-US Growth
Alpha -0.62% N/A
Beta 1.07 1.00
Standard Deviation 12.53% 10.92%
Upside Semivariance 8.21% 6.04%
Downside Semivariance 4.85% 3.95%
Sharpe Ratio 0.3323 0.4229
Information Ratio -0.0972 N/A

Since Inception Up/Down Capture Vs. MSCI ACWI ex-US Growth

AS OF 30/9/18

44604B

Strategy Vehicles

Separately Managed Accounts Minimum: $25 million

34604E

Fact Sheet The International Growth Concentrated Strategy fact sheet provides a snap shot of the investment team, the investment strategy, performance, composition, ratings and returns.
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Performance Review A discussion of the International Growth Concentrated Strategy’s performance versus a benchmark, positioning, related market commentary, and outlook.
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