Institutional Strategies Main

International Growth Concentrated

Strategy Details




As of 03/31/19
Inception Date:
12/01/13
Strategy Assets*:
$43.0 M
Benchmark:
MSCI ACWI ex US 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 non-U.S. all-cap growth equity strategy that invests in a concentrated portfolio of common stocks of growth companies based outside the United States and seeks to outperform the MSCI ACWI ex-U.S. 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 03/31/19
% of Assets MSCI ACWI ex US Growth Index Under/Overweight %
Consumer Staples 19.6% 16.4%
Financials 16.0% 9.8%
Health Care 16.0% 11.0%
Information Technology 15.2% 12.5%
Consumer Discretionary 12.7% 14.4%
Communication Services 8.8% 7.5%
Industrials 6.2% 15.3%
Materials 2.8% 6.8%
Energy 2.7% 3.1%
Real Estate 0.0% 1.9%
Utilities 0.0% 1.3%
 

Representative Portfolio Ten Largest Holdings

AS OF 03/31/19
Company Country Sector %
Tencent Holdings, Ltd. China Communication Services 6.7
Alibaba Group Holding, Ltd. China Consumer Discretionary 5.2
Lululemon Athletica, Inc. Canada Consumer Discretionary 4.2
Diageo, Plc United Kingdom Consumer Staples 4.0
Csl, Ltd. Australia Health Care 3.9
Cyberark Software, Ltd. Israel Information Technology 3.6
Astrazeneca, Plc United Kingdom Health Care 3.6
Nestle, Sa Switzerland Consumer Staples 3.5
Hdfc Bank, Ltd. India Financials 3.3
Puma, Se Germany Consumer Discretionary 3.2

Characteristics

AS OF 3/31/19
  Calamos Portfolio MSCI ACWI ex US Growth Index
Strategy Assets $43.0 M N/A
# of Holdings 37 1140
Portfolio Turnover % (12-Month) 63.3% N/A
Median Market Cap ($bil) $42.7 $8.5
Weighted Average Market Cap ($bil) $121.0 $79.8
ROIC % 21.6% 15.5%
Debt/Capital % 30.3% 29.6%
PEG Ratio (1 year forward) 1.8x 2.1x

44604C

Annualized Total Returns

AS OF 03/31/19
1-Year3-Year5-YearSince Inception (12/13)
International Growth Concentrated (Gross)-9.16%6.60%3.23%3.54%
International Growth Concentrated (Net)-9.94%5.61%2.25%2.55%
MSCI ACWI ex US Growth Index-2.67%8.80%4.38%4.38%

Calendar Year Returns

AS OF 03/31/19
                           Qtr Ending Mar 19YTD 20192018201720162015201412/01/2013 to 12/31/2013
International Growth Concentrated (Gross)14.26%14.26%-19.56%37.17%-5.82%6.03%-7.42%3.29%
International Growth Concentrated (Net)14.02%14.02%-20.26%35.82%-6.75%4.99%-8.33%3.20%
MSCI ACWI ex US Growth Index12.42%12.42%-14.12%32.44%0.49%-0.91%-2.29%1.04%



44604B

Risk/Reward Since Inception

AS OF 03/31/19
  Calamos International Growth Concentrated Composite MSCI ACWI ex US Growth Index
Alpha -0.98% N/A
Beta 1.07 1.00
Standard Deviation 13.60% 11.93%
Upside Semivariance 8.75% 6.58%
Downside Semivariance 6.57% 5.27%
Sharpe Ratio 0.2102 0.3110
Information Ratio -0.1820 N/A

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

AS OF 03/31/19

44604B

Strategy Vehicles

Separately Managed Accounts Minimum: $25 million

34604E

Fact Sheet The International Growth Concentrated 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 International Growth Concentrated Strategy’s performance versus a benchmark, positioning, related market commentary, and outlook.
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