Institutional Strategies Main

Global Growth

Strategy Details




As of 31/3/19
Inception Date:
01/04/2007
Strategy Assets*:
$154.4 M
Benchmark:
MSCI ACWI Growth Index

Resources

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

Strategy Objective

A global all-cap growth equity strategy that invests in the common stocks of global growth companies and seeks to outperform the MSCI ACWI 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 31/3/19
% of Assets MSCI ACWI Growth Index Under/Overweight %
Consumer Discretionary 18.5% 15.3%
Information Technology 17.3% 23.0%
Health Care 16.3% 12.0%
Communication Services 13.4% 11.0%
Financials 11.4% 7.8%
Consumer Staples 10.4% 8.8%
Industrials 6.9% 12.7%
Energy 4.1% 2.3%
Materials 0.9% 4.3%
Real Estate 0.8% 2.1%
Utilities 0.0% 0.7%
 

Representative Portfolio Ten Largest Holdings

AS OF 31/3/19
Company Country Sector %
Alibaba Group Holding, Ltd. China Consumer Discretionary 4.1
Tencent Holdings, Ltd. China Communication Services 4.1
Amazon.Com, Inc. United States Consumer Discretionary 3.7
Alphabet, Inc. - Class A United States Communication Services 3.7
Lululemon Athletica, Inc. Canada Consumer Discretionary 2.8
Walt Disney Company United States Communication Services 2.6
Mastercard, Inc. - Class A United States Information Technology 2.2
Csl, Ltd. Australia Health Care 2.1
Alimentation Couche-Tard, Inc. Canada Consumer Staples 2.1
Hdfc Bank, Ltd. India Financials 2.0

Characteristics

AS OF 3/31/19
  Calamos Portfolio MSCI ACWI Growth Index
Strategy Assets $154.4 M N/A
# of Holdings 73 1465
Portfolio Turnover % (12-Month) 65.8% N/A
Median Market Cap ($bil) $38.7 $10.2
Weighted Average Market Cap ($bil) $187.4 $205.4
ROIC % 22.4% 21.7%
Debt/Capital % 35.6% 38.2%
PEG Ratio (1 year forward) 1.6x 2.0x

44605C

Annualized Total Returns

AS OF 31/3/19
1-Year3-Year5-Year10-YearSince Inception (4/07)
Global Growth (Gross)-1.88%12.32%8.12%15.25%8.51%
Global Growth (Net)-2.90%11.15%6.97%14.06%7.36%
MSCI ACWI Growth Index4.82%12.68%8.90%13.52%6.60%

Calendar Year Returns

AS OF 31/3/19
                           Qtr Ending Mar 19YTD 20192018201720162015201420132012201120102009200804/01/2007 to 12/31/2007
Global Growth (Gross)16.04%16.04%-14.26%36.27%0.65%6.04%1.87%20.97%14.35%-0.78%26.62%57.32%-45.03%20.41%
Global Growth (Net)15.76%15.76%-15.16%34.90%-0.47%4.90%0.77%19.61%12.98%-1.75%25.49%55.89%-45.75%19.49%
MSCI ACWI Growth Index14.57%14.57%-7.83%30.44%3.64%1.91%5.82%23.62%17.17%-7.04%15.49%38.10%-42.71%13.82%



44605B

Risk/Reward Since Inception

AS OF 31/3/19
  Calamos Global Growth Composite MSCI ACWI Growth Index
Alpha 1.63% N/A
Beta 1.05 1.00
Standard Deviation 17.80% 16.39%
Upside Semivariance 15.02% 11.35%
Downside Semivariance 11.87% 11.29%
Sharpe Ratio 0.4349 0.3563
Information Ratio 0.4129 N/A

Since Inception Up/Down Capture Vs. MSCI ACWI Growth Index

AS OF 31/3/19

44605B

Strategy Vehicles

Separately Managed Accounts Minimum: $25 million
Commingled Pool $5 million
Available for both qualified and non-qualified plans.
UCITS (Available in A, I, X Share Clases $1 million

34605E

Fact Sheet The Global Growth 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 Calamos Global Growth Strategy’s performance versus a benchmark, positioning, related market commentary, and outlook.
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Finding Growth Opportunities Around the World A discussion of the Calamos Global Growth strategy which has historically provided a focus on high-quality growth companies; diversification across sectors and global markets; and strong excess returns versus the MSCI ACWI Growth Index.
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