Institutional Strategies Main

Global Growth

Strategy Details




As of 12/31/18
Inception Date:
04/01/07
Strategy Assets*:
$141.0 M
Benchmark:
MSCI ACWI 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 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 12/31/18
% of Assets MSCI ACWI Growth Under/Overweight %
Information Technology 19.2% 22.2%
Consumer Discretionary 16.5% 15.0%
Communication Services 14.3% 11.3%
Health Care 13.8% 12.1%
Financials 11.5% 8.1%
Consumer Staples 9.8% 9.1%
Industrials 8.0% 12.8%
Energy 4.2% 2.3%
Real Estate 1.8% 2.0%
Materials 0.9% 4.4%
Utilities 0.0% 0.7%
 

Representative Portfolio Ten Largest Holdings

AS OF 12/31/18
Company Country Sector %
Tencent Holdings, Ltd. China Communication Services 4.0
Apple, Inc. United States Information Technology 4.0
Alibaba Group Holding, Ltd. China Consumer Discretionary 3.9
Alphabet, Inc. - Class A United States Communication Services 3.7
Amazon.Com, Inc. United States Consumer Discretionary 3.6
Walt Disney Company United States Communication Services 2.9
Mastercard, Inc. - Class A United States Information Technology 2.6
Nintendo Company, Ltd. Japan Communication Services 2.4
Lululemon Athletica, Inc. Canada Consumer Discretionary 2.3
Treasury Wine Estates, Ltd. Australia Consumer Staples 2.3

Characteristics

AS OF 12/31/18
  Calamos Portfolio MSCI ACWI Growth
Strategy Assets $141.0 M N/A
# of Holdings 70 1454
Portfolio Turnover % (12-Month) 73.6% N/A
Median Market Cap ($bil) $40.8 $9.0
Weighted Average Market Cap ($bil) $170.9 $175.3
ROIC % 19.5% 18.4%
Debt/Capital % 34.1% 37.1%
PEG Ratio (1 year forward) 1.5x 1.7x

44605C

Annualized Total Returns

AS OF 12/31/18
1-Year3-Year5-Year10-YearSince Inception (4/07)
Global Growth (Gross)-14.26%5.55%4.90%13.26%7.33%
Global Growth (Net)-15.16%4.44%3.78%12.08%6.19%
MSCI ACWI Growth-7.83%7.61%6.09%11.18%5.52%

Calendar Year Returns

AS OF 12/31/18
                           Qtr Ending Dec 18YTD 2018201720162015201420132012201120102009200804/01/2007 to 12/31/2007
Global Growth (Gross)-18.04%-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)-18.27%-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-14.60%-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 12/31/18
  Calamos Global Growth Composite MSCI ACWI Growth
Alpha 1.61% N/A
Beta 1.05 1.00
Standard Deviation 17.78% 16.37%
Upside Semivariance 14.55% 10.97%
Downside Semivariance 12.12% 11.53%
Sharpe Ratio 0.3711 0.2925
Information Ratio 0.3897 N/A

Since Inception Up/Down Capture Vs. MSCI ACWI Growth

AS OF 12/31/18

44605B

Strategy Vehicles

Separately Managed Accounts Minimum: $25 million
Commingled Pool $1 million
Available for both qualified and non-qualified plans.
Institutional Mutual Fund (CIGEX) Minimum $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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