Institutional Strategies Main

U.S. All Cap Growth

Strategy Details




As of 12/31/18
Inception Date:
01/01/91
Strategy Assets*:
$1.4 B
Benchmark:
S&P 1500 Growth

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 12/31/18
% of Assets S&P 1500 Growth Under/Overweight %
Information Technology 25.7% 24.2%
Consumer Discretionary 15.6% 12.4%
Communication Services 15.3% 13.1%
Industrials 13.7% 9.0%
Health Care 12.6% 18.5%
Financials 10.9% 5.9%
Materials 3.9% 2.2%
Consumer Staples 2.1% 5.3%
Energy 0.1% 3.5%
Utilities 0.1% 2.1%
Real Estate 0.0% 3.8%
 

Representative Portfolio Ten Largest Holdings

AS OF 12/31/18
Company Sector %
Alphabet, Inc. - Class A Communication Services 6.5
Facebook, Inc. - Class A Communication Services 5.4
Microsoft Corp. Information Technology 5.3
Amazon.Com, Inc. Consumer Discretionary 4.2
Apple, Inc. Information Technology 4.1
Visa, Inc. - Class A Information Technology 2.8
Baxter International, Inc. Health Care 2.6
Carmax, Inc. Consumer Discretionary 1.9
Unitedhealth Group, Inc. Health Care 1.8
Johnson & Johnson Health Care 1.8

Characteristics

AS OF 12/31/18
  Calamos Portfolio S&P 1500 Growth
Strategy Assets $1.4 B N/A
# of Holdings 158 869
Portfolio Turnover % (12-Month) 50.0% N/A
Median Market Cap ($bil) $8.6 $3.6
Weighted Average Market Cap ($bil) $230.0 $221.2
ROIC % 19.4% 22.9%
Debt/Capital % 38.6% 44.5%
PEG Ratio (1 year forward) 1.5x 1.8x

Annualized Total Returns

AS OF 12/31/18
1-Year3-Year5-Year10-Year15-YearSince Index Inception (7/95)Since Strategy Inception (01/91)
U.S. All Cap Growth (Gross)-4.65%6.37%6.51%13.51%7.64%13.88%13.75%
U.S. All Cap Growth (Net)-5.44%5.53%5.69%12.64%6.80%13.00%12.85%
S&P 1500 Growth-0.82%10.62%10.17%14.82%8.66%9.32%--

Calendar Year Returns

AS OF 12/31/18
                           Qtr Ending Dec 18YTD 2018201720162015201420132012201120102009200820072006200520042003200220012000199919981997199619951994199319921991
U.S. All Cap Growth (Gross)-15.38%-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)-15.57%-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-15.03%-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 12/31/18
  Calamos All Cap Growth Composite S&P 1500 Growth
Alpha 4.91% N/A
Beta 1.03 1.00
Standard Deviation 21.71% 16.18%
Upside Semivariance 27.57% 12.57%
Downside Semivariance 13.20% 9.91%
Sharpe Ratio 0.5333 0.4329
Information Ratio 0.3275 N/A

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

AS OF 12/31/18

Strategy Vehicles

Separately Managed Accounts Minimum: $5 million
Institutional Mutual Fund (CGRIX) Minimum $1 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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