Institutional Strategies Main

U.S. All Cap Growth

Strategy Details




As of 31/3/19
Inception Date:
01/01/1991
Strategy Assets*:
$1.5 B
Benchmark:
S&P 1500 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

An all-cap growth equity strategy that invests in the common stocks of growth companies and seeks to outperform the S&P 1500 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 S&P 1500 Growth Index Under/Overweight %
Information Technology 22.2% 25.1%
Health Care 17.1% 17.4%
Communication Services 16.9% 13.2%
Consumer Discretionary 16.9% 12.6%
Industrials 13.8% 9.2%
Financials 7.6% 5.7%
Consumer Staples 2.6% 5.1%
Materials 1.7% 2.2%
Energy 1.2% 3.6%
Real Estate 0.0% 3.9%
Utilities 0.0% 2.0%
 

Representative Portfolio Ten Largest Holdings

AS OF 31/3/19
Company Sector %
Microsoft Corp. Information Technology 7.1
Alphabet, Inc. - Class A Communication Services 7.1
Facebook, Inc. - Class A Communication Services 6.0
Amazon.Com, Inc. Consumer Discretionary 5.9
Visa, Inc. - Class A Information Technology 3.3
Baxter International, Inc. Health Care 2.8
Alexion Pharmaceuticals, Inc. Health Care 2.1
Pfizer, Inc. Health Care 2.1
Raytheon Company Industrials 2.0
Cboe Global Markets, Inc. Financials 1.9

Characteristics

AS OF 3/31/19
  Calamos Portfolio S&P 1500 Growth Index
Strategy Assets $1.5 B N/A
# of Holdings 146 873
Portfolio Turnover % (12-Month) 47.9% N/A
Median Market Cap ($bil) $11.7 $4.1
Weighted Average Market Cap ($bil) $278.4 $255.3
ROIC % 21.1% 22.2%
Debt/Capital % 38.6% 45.1%
PEG Ratio (1 year forward) 1.6x 2.1x

Annualized Total Returns

AS OF 31/3/19
1-Year3-Year5-Year10-Year15-YearSince Index Inception (7/95)Since Strategy Inception (01/91)
U.S. All Cap Growth (Gross)8.03%13.33%9.59%15.29%8.25%14.44%14.23%
U.S. All Cap Growth (Net)7.15%12.43%8.75%14.40%7.41%13.56%13.32%
S&P 1500 Growth Index11.79%15.62%12.94%17.20%9.55%9.85%--

Calendar Year Returns

AS OF 31/3/19
                           Qtr Ending Mar 19YTD 20192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997199619951994199319921991
U.S. All Cap Growth (Gross)16.07%16.07%-4.65%28.16%-1.52%3.59%9.95%34.55%10.95%-7.47%21.69%54.17%-49.60%24.72%2.47%9.75%20.11%44.10%-14.61%-6.32%28.61%81.12%29.85%26.70%40.64%30.03%-3.79%6.45%3.77%42.94%
U.S. All Cap Growth (Net)15.85%15.85%-5.44%27.12%-2.23%2.83%9.11%33.57%10.08%-8.21%20.72%52.98%-50.01%23.80%1.66%8.88%19.17%42.95%-15.36%-7.15%27.65%80.11%28.84%25.69%39.66%28.99%-4.77%5.47%2.76%41.93%
S&P 1500 Growth Index14.84%14.84%-0.82%26.49%7.90%5.20%13.94%33.10%14.81%4.17%16.72%32.15%-35.02%9.36%10.62%2.46%8.28%28.23%-27.10%-14.69%-16.44%36.72%36.26%33.51%24.59%----------



Risk/Reward Since Inception

AS OF 31/3/19
  Calamos All Cap Growth Composite S&P 1500 Growth Index
Alpha 4.89% N/A
Beta 1.03 1.00
Standard Deviation 21.67% 16.18%
Upside Semivariance 27.67% 12.73%
Downside Semivariance 13.06% 9.81%
Sharpe Ratio 0.5601 0.4662
Information Ratio 0.3309 N/A

Since Inception Up/Down Capture Vs. S&P 1500 Growth Index

AS OF 31/3/19

Strategy Vehicles

Separately Managed Accounts Minimum: $5 million

34601E

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