UCITS Home Page

Global Convertible Fund (IE00B296VX23)

Currency Class GO

Fund Details

As of 07/12/18
Inception Date:
05/10/09
Current NAV:
$14.21
$ Change:
($0.10)
% Change:
-0.70%
Net Assets*:
224,551,741
(*Total USD Net Assets as of 30/11/18)

Resources

Overview

The fund invests in global convertible securities, striving to balance risk/reward while providing growth and income.

Key Features

  • Provides broadly diversified exposure to the global convertible bond universe.
  • Leverages more than 40 years of research in convertible security investing.
  • Seeks to provide upside participation in equity markets with less exposure to downside than an equity-only portfolio over a full market cycle.
  • Blends global investment themes and fundamental research via active management.

Fund Benchmarks

  • ICE BofAML Global Convertible Index
  • MSCI World Index
  • Thomson Reuters Global Convertible Bond Index

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund’s maximum 5% front-end sales charge. Had it been included, the Fund’s returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Global Convertible Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities (“UCITS”). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorized pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Important Information
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. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The Fund also offers Class C and X shares, the performance of which may vary. Performance shown reflects the management fee. The “Since Inception” total return start date for the indexes and risk reward characteristics information is 30/11/07, since comparative index data is available only for full monthly periods. The “Since Inception” start date for the Fund is 27/11/07.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC.

Important Risk Information
There is no assurance that the Fund will achieve its investment objective. An investment in the Fund involves investment risks, including possible loss of the amount invested. The principal risks of investing in the Fund include: convertible securities risk, synthetic convertible instruments risk, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk and portfolio selection risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Notes

Top Ten Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government/sovereign bonds or broad-based index hedging securities the portfolio may hold. You can obtain a complete listing of holdings at www.calamos.com/global. Holdings and weightings are subject to change daily. Holdings are provided for information purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

ICE BofAML Global Convertible Index (G300) is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.

Thomson Reuters Global Convertible Bond Index is designed to represent the global convertible market.

Bond Credit Quality-Reflects the higher of the ratings of Standard and Poor’s Corporation; Moody’s Investors Service, Inc.; Fitch, Inc.; National Association of Insurance Commissioners (NAIC) as well as Calamos’ proprietary credit scores and are adjusted to the scale shown. Ratings are relative, subjective and not absolute standards of quality. Excludes equity securities and cash.

Conversion Premium-The amount by which the market price of a convertible bond or convertible preferred exceeds conversion value, expressed as a percentage. It is a gauge of equity participation.

Debt/Capital-Measures a company’s debt in relation to its total capital.

EPS Growth (5 Years)-Represents the historical weighted earnings per share growth of holdings.

Investment Premium-The amount that the market price is of the convertible is above its investment value, expressed as a percent of the investment value.

MSCI World Index-A market capitalization weighted index composed of companies representative of the market structure of developed market countries in North America, Europe, and the Asia/Pacific region.

ROIC (Return On Investment Capital)-Measures an investment’s growth prospects; measures the percentage earned on investment capital.

Lipper Fund Awards received are for risk-adjusted performance for the three-year period among 31 funds and the five-year period among 27 funds in the United Kingdom in the Bond Convertibles Global category as of 31/12/17. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see lipperalpha.financial.thomsonreuters.com/lipper Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

From Thomson Reuters Lipper Awards, ©2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.

Annualised Total Returns

AS OF 30/11/18
Calamos-3.39%-2.19%3.88%2.91%4.07%
Thomson Reuters-3.64%-1.20%4.73%3.15%5.87%
ICE BofAML-2.35%1.30%7.81%6.08%7.48%

Calendar Year Total Returns

AS OF 30/11/18

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund’s maximum 5% front-end sales charge. Had it been included, the Fund’s returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Global Convertible Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities (“UCITS”). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorized pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Important Information
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. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The Fund also offers Class C and X shares, the performance of which may vary. Performance shown reflects the management fee. The “Since Inception” total return start date for the indexes and risk reward characteristics information is 30/11/07, since comparative index data is available only for full monthly periods. The “Since Inception” start date for the Fund is 27/11/07.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC.

Important Risk Information
There is no assurance that the Fund will achieve its investment objective. An investment in the Fund involves investment risks, including possible loss of the amount invested. The principal risks of investing in the Fund include: convertible securities risk, synthetic convertible instruments risk, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk and portfolio selection risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Notes

Top Ten Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government/sovereign bonds or broad-based index hedging securities the portfolio may hold. You can obtain a complete listing of holdings at www.calamos.com/global. Holdings and weightings are subject to change daily. Holdings are provided for information purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

ICE BofAML Global Convertible Index (G300) is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.

Thomson Reuters Global Convertible Bond Index is designed to represent the global convertible market.

Bond Credit Quality-Reflects the higher of the ratings of Standard and Poor’s Corporation; Moody’s Investors Service, Inc.; Fitch, Inc.; National Association of Insurance Commissioners (NAIC) as well as Calamos’ proprietary credit scores and are adjusted to the scale shown. Ratings are relative, subjective and not absolute standards of quality. Excludes equity securities and cash.

Conversion Premium-The amount by which the market price of a convertible bond or convertible preferred exceeds conversion value, expressed as a percentage. It is a gauge of equity participation.

Debt/Capital-Measures a company’s debt in relation to its total capital.

EPS Growth (5 Years)-Represents the historical weighted earnings per share growth of holdings.

Investment Premium-The amount that the market price is of the convertible is above its investment value, expressed as a percent of the investment value.

MSCI World Index-A market capitalization weighted index composed of companies representative of the market structure of developed market countries in North America, Europe, and the Asia/Pacific region.

ROIC (Return On Investment Capital)-Measures an investment’s growth prospects; measures the percentage earned on investment capital.

Lipper Fund Awards received are for risk-adjusted performance for the three-year period among 31 funds and the five-year period among 27 funds in the United Kingdom in the Bond Convertibles Global category as of 31/12/17. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see lipperalpha.financial.thomsonreuters.com/lipper Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

From Thomson Reuters Lipper Awards, ©2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.

Sector Weightings

AS OF 30/11/18
% of Assets Thomson Reuters Global Convertible Bond Index
Information Technology 22.1% 18.9%
Financials 11.3% 8.3%
Consumer Discretionary 11.1% 12.5%
Real Estate 8.9% 8.7%
Health Care 6.5% 12.9%
Industrials 6.3% 9.5%
Energy 6.2% 4.4%
Communication Services 5.7% 9.3%
Materials 5.3% 7.9%
Consumer Staples 3.0% 2.2%
Utilities 1.4% 5.3%

Asset Allocation

AS OF 30/11/18

Top 10 Holdings Adobe Logo View All Holdings

AS OF 30/11/18
Company Security Type Industry
%
TOTAL, SA Convertible Bonds Integrated Oil & Gas 3.6%
Bank of America Corp. Convertible Preferred Stocks Diversified Banks 2.6%
BASF, SE Convertible Bonds Diversified Chemicals 2.5%
Wells Fargo & Company Convertible Preferred Stocks Diversified Banks 2.5%
Carrefour, SA Convertible Bonds Hypermarkets & Super Centers 2.4%
Corestate Capital Holding, SA Convertible Bonds Real Estate Operating Companies 2.1%
AYC Finance, Ltd. Convertible Bonds Diversified Real Estate Activities 2.1%
Citrix Systems, Inc. Convertible Bonds Application Software 2.0%
Ctrip.com International, Ltd. Convertible Bonds Internet & Direct Marketing Retail 1.8%
Workday, Inc. Convertible Bonds Application Software 1.8%
Total 23.4%

Fund Facts

AS OF 30/11/18


Fund Thomson Reuters Global Convertible Bond Index
Total Net Assets $224.6 million --
# of Holdings 124 464
Duration 2.1 years 2.0 years
Median Investment Premium 14.9% 7.3%
Median Conversion Premium 28.7% 33.1%
EPS Growth (5 Year) 15.1% 12.6%
Debt/Capital 38.1% 43.0%
ROIC 13.6% 12.3%
Portfolio Turnover (12 months) 39.4% --

Regional Exposure

AS OF 30/11/18
Region %
North America 53.7%
Europe 24.0%
Asia/Pacific 17.7%
Middle East/Africa 1.3%
Caribbean 0.0%
Latin America 0.0%

Country Exposure

AS OF 30/11/18
Country%
United States 53.7%
France 10.1%
Germany 6.7%
Japan 6.4%
Luxembourg 3.8%
China 3.7%
Philippines 2.1%
Hong Kong 2.1%
India 1.6%
Netherlands 1.5%

Currency Exposure

AS OF 30/11/18
Currency %
United States Dollar (USD) 80.7%
Euro (EUR) 12.0%
Japanese Yen (JPY) 5.9%
Hong Kong Dollar (HKD) 1.4%
British Pound Sterling (GBP) 0.0%
Swiss Franc (CHF) 0.0%
China Renminbi (Yuan) (CNY) 0.0%
Singapore Dollar (SGD) 0.0%
Swedish Krona (SEK) 0.0%
South Korean WON (KRW) 0.0%
Australian Dollar (AUD) 0.0%
South African Rand (ZAR) 0.0%
Thai Bahat (THB) 0.0%

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund’s maximum 5% front-end sales charge. Had it been included, the Fund’s returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Global Convertible Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities (“UCITS”). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorized pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Important Information
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. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The Fund also offers Class C and X shares, the performance of which may vary. Performance shown reflects the management fee. The “Since Inception” total return start date for the indexes and risk reward characteristics information is 30/11/07, since comparative index data is available only for full monthly periods. The “Since Inception” start date for the Fund is 27/11/07.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC.

Important Risk Information
There is no assurance that the Fund will achieve its investment objective. An investment in the Fund involves investment risks, including possible loss of the amount invested. The principal risks of investing in the Fund include: convertible securities risk, synthetic convertible instruments risk, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk and portfolio selection risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Notes

Top Ten Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government/sovereign bonds or broad-based index hedging securities the portfolio may hold. You can obtain a complete listing of holdings at www.calamos.com/global. Holdings and weightings are subject to change daily. Holdings are provided for information purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

ICE BofAML Global Convertible Index (G300) is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.

Thomson Reuters Global Convertible Bond Index is designed to represent the global convertible market.

Bond Credit Quality-Reflects the higher of the ratings of Standard and Poor’s Corporation; Moody’s Investors Service, Inc.; Fitch, Inc.; National Association of Insurance Commissioners (NAIC) as well as Calamos’ proprietary credit scores and are adjusted to the scale shown. Ratings are relative, subjective and not absolute standards of quality. Excludes equity securities and cash.

Conversion Premium-The amount by which the market price of a convertible bond or convertible preferred exceeds conversion value, expressed as a percentage. It is a gauge of equity participation.

Debt/Capital-Measures a company’s debt in relation to its total capital.

EPS Growth (5 Years)-Represents the historical weighted earnings per share growth of holdings.

Investment Premium-The amount that the market price is of the convertible is above its investment value, expressed as a percent of the investment value.

MSCI World Index-A market capitalization weighted index composed of companies representative of the market structure of developed market countries in North America, Europe, and the Asia/Pacific region.

ROIC (Return On Investment Capital)-Measures an investment’s growth prospects; measures the percentage earned on investment capital.

Lipper Fund Awards received are for risk-adjusted performance for the three-year period among 31 funds and the five-year period among 27 funds in the United Kingdom in the Bond Convertibles Global category as of 31/12/17. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see lipperalpha.financial.thomsonreuters.com/lipper Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

From Thomson Reuters Lipper Awards, ©2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.

Total Capital Gains*

As of 28/09/2018

Total Capital Gains
Class A U.S. Distributing
2018 $0.22658
Class C U.S. Distributing
2018 $0.63652
Class I U.S. Distributing
2018 $0.42664

*The record date is 25 September 2018. The ex-dividend and reinvestment date is 26 September 2018. The pay date is 3 October 2018.

Schedule

Schedule
Distributions Quarterly
Capital Gains Annually

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund’s maximum 5% front-end sales charge. Had it been included, the Fund’s returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Global Convertible Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities (“UCITS”). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorized pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Important Information
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. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The Fund also offers Class C and X shares, the performance of which may vary. Performance shown reflects the management fee. The “Since Inception” total return start date for the indexes and risk reward characteristics information is 30/11/07, since comparative index data is available only for full monthly periods. The “Since Inception” start date for the Fund is 27/11/07.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC.

Important Risk Information
There is no assurance that the Fund will achieve its investment objective. An investment in the Fund involves investment risks, including possible loss of the amount invested. The principal risks of investing in the Fund include: convertible securities risk, synthetic convertible instruments risk, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk and portfolio selection risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Notes

Top Ten Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government/sovereign bonds or broad-based index hedging securities the portfolio may hold. You can obtain a complete listing of holdings at www.calamos.com/global. Holdings and weightings are subject to change daily. Holdings are provided for information purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

ICE BofAML Global Convertible Index (G300) is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.

Thomson Reuters Global Convertible Bond Index is designed to represent the global convertible market.

Bond Credit Quality-Reflects the higher of the ratings of Standard and Poor’s Corporation; Moody’s Investors Service, Inc.; Fitch, Inc.; National Association of Insurance Commissioners (NAIC) as well as Calamos’ proprietary credit scores and are adjusted to the scale shown. Ratings are relative, subjective and not absolute standards of quality. Excludes equity securities and cash.

Conversion Premium-The amount by which the market price of a convertible bond or convertible preferred exceeds conversion value, expressed as a percentage. It is a gauge of equity participation.

Debt/Capital-Measures a company’s debt in relation to its total capital.

EPS Growth (5 Years)-Represents the historical weighted earnings per share growth of holdings.

Investment Premium-The amount that the market price is of the convertible is above its investment value, expressed as a percent of the investment value.

MSCI World Index-A market capitalization weighted index composed of companies representative of the market structure of developed market countries in North America, Europe, and the Asia/Pacific region.

ROIC (Return On Investment Capital)-Measures an investment’s growth prospects; measures the percentage earned on investment capital.

Lipper Fund Awards received are for risk-adjusted performance for the three-year period among 31 funds and the five-year period among 27 funds in the United Kingdom in the Bond Convertibles Global category as of 31/12/17. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see lipperalpha.financial.thomsonreuters.com/lipper Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

From Thomson Reuters Lipper Awards, ©2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.

Annual Expenses

A Shares C Shares I Shares
Total Expense Ratio2.003.001.40
Management Fee (% of NAV)1.651.651.05

Investment Information

A Shares C Shares I Shares
Minimum initial investment (£/€/$)2,5002,5001,000,000
Minimum subsequent investments (£/€/$)5050100,000

Fund Information

A Shares C Shares I Shares
Inception Date27/11/0705/10/0905/10/09
Bloomberg TickerCAGOAUA ID CAGOCUA ID CAGOIUA ID
CUSIP numberG17716393G17716419G17716435
ISIN numberIE00B28VTV28IE00B296VX23IE00B296W289
SEDOL numberB28VTV2B296VX2B296W28

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund’s maximum 5% front-end sales charge. Had it been included, the Fund’s returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Global Convertible Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities (“UCITS”). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorized pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Important Information
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. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The Fund also offers Class C and X shares, the performance of which may vary. Performance shown reflects the management fee. The “Since Inception” total return start date for the indexes and risk reward characteristics information is 30/11/07, since comparative index data is available only for full monthly periods. The “Since Inception” start date for the Fund is 27/11/07.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC.

Important Risk Information
There is no assurance that the Fund will achieve its investment objective. An investment in the Fund involves investment risks, including possible loss of the amount invested. The principal risks of investing in the Fund include: convertible securities risk, synthetic convertible instruments risk, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk and portfolio selection risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Notes

Top Ten Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government/sovereign bonds or broad-based index hedging securities the portfolio may hold. You can obtain a complete listing of holdings at www.calamos.com/global. Holdings and weightings are subject to change daily. Holdings are provided for information purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

ICE BofAML Global Convertible Index (G300) is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.

Thomson Reuters Global Convertible Bond Index is designed to represent the global convertible market.

Bond Credit Quality-Reflects the higher of the ratings of Standard and Poor’s Corporation; Moody’s Investors Service, Inc.; Fitch, Inc.; National Association of Insurance Commissioners (NAIC) as well as Calamos’ proprietary credit scores and are adjusted to the scale shown. Ratings are relative, subjective and not absolute standards of quality. Excludes equity securities and cash.

Conversion Premium-The amount by which the market price of a convertible bond or convertible preferred exceeds conversion value, expressed as a percentage. It is a gauge of equity participation.

Debt/Capital-Measures a company’s debt in relation to its total capital.

EPS Growth (5 Years)-Represents the historical weighted earnings per share growth of holdings.

Investment Premium-The amount that the market price is of the convertible is above its investment value, expressed as a percent of the investment value.

MSCI World Index-A market capitalization weighted index composed of companies representative of the market structure of developed market countries in North America, Europe, and the Asia/Pacific region.

ROIC (Return On Investment Capital)-Measures an investment’s growth prospects; measures the percentage earned on investment capital.

Lipper Fund Awards received are for risk-adjusted performance for the three-year period among 31 funds and the five-year period among 27 funds in the United Kingdom in the Bond Convertibles Global category as of 31/12/17. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see lipperalpha.financial.thomsonreuters.com/lipper Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

From Thomson Reuters Lipper Awards, ©2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.

Quarterly Commentary A discussion of the Global Convertible Opportunities Fund's performance versus a benchmark, positioning, related market commentary, and outlook.
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Factsheet (Share Class A,C,I)
The Global Convertible Opportunities fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
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Factsheet (Share Class Z)
The Global Convertible Opportunities fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
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Annual Report The annual report includes a letter from John P. Calamos, Sr., to shareholders outlining the fund performance as well as a comprehensive review of the fund’s activities and financial performance.
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Semiannual Report
The semi-annual report includes a letter from John P. Calamos Sr., to shareholders, provides a comprehensive review of the fund’s activities and financial performance for a six month period.
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Prospectus This prospectus sets forth concisely the information that you should know before investing. You should read the accompanying simplified prospectus, which contains important information, before deciding whether to invest in our securities.
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Key Investor Information Documents (KIID) The key Investor Information Document (KIID) aims to provide investors with a transparent and concise overview of funds in a standard format.
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Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund’s maximum 5% front-end sales charge. Had it been included, the Fund’s returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Global Convertible Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities (“UCITS”). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorized pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Important Information
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. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The Fund also offers Class C and X shares, the performance of which may vary. Performance shown reflects the management fee. The “Since Inception” total return start date for the indexes and risk reward characteristics information is 30/11/07, since comparative index data is available only for full monthly periods. The “Since Inception” start date for the Fund is 27/11/07.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC.

Important Risk Information
There is no assurance that the Fund will achieve its investment objective. An investment in the Fund involves investment risks, including possible loss of the amount invested. The principal risks of investing in the Fund include: convertible securities risk, synthetic convertible instruments risk, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk and portfolio selection risk.

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. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Notes

Top Ten Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government/sovereign bonds or broad-based index hedging securities the portfolio may hold. You can obtain a complete listing of holdings at www.calamos.com/global. Holdings and weightings are subject to change daily. Holdings are provided for information purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

ICE BofAML Global Convertible Index (G300) is a global convertible index composed of companies representative of the market structure of countries in North America, Europe and the Asia/Pacific region. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofAML indices and related data on an ‘as is’ basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.

Thomson Reuters Global Convertible Bond Index is designed to represent the global convertible market.

Bond Credit Quality-Reflects the higher of the ratings of Standard and Poor’s Corporation; Moody’s Investors Service, Inc.; Fitch, Inc.; National Association of Insurance Commissioners (NAIC) as well as Calamos’ proprietary credit scores and are adjusted to the scale shown. Ratings are relative, subjective and not absolute standards of quality. Excludes equity securities and cash.

Conversion Premium-The amount by which the market price of a convertible bond or convertible preferred exceeds conversion value, expressed as a percentage. It is a gauge of equity participation.

Debt/Capital-Measures a company’s debt in relation to its total capital.

EPS Growth (5 Years)-Represents the historical weighted earnings per share growth of holdings.

Investment Premium-The amount that the market price is of the convertible is above its investment value, expressed as a percent of the investment value.

MSCI World Index-A market capitalization weighted index composed of companies representative of the market structure of developed market countries in North America, Europe, and the Asia/Pacific region.

ROIC (Return On Investment Capital)-Measures an investment’s growth prospects; measures the percentage earned on investment capital.

Lipper Fund Awards received are for risk-adjusted performance for the three-year period among 31 funds and the five-year period among 27 funds in the United Kingdom in the Bond Convertibles Global category as of 31/12/17. The Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. For more information, see lipperalpha.financial.thomsonreuters.com/lipper Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

From Thomson Reuters Lipper Awards, ©2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.