Investment Ideas Home Page

CGIIX Earns Refinitiv Lipper Award as Best Flexible Portfolio Fund Over 5 Years

refinitiv lipper fund awards 2021 winner united states

Calamos Growth and Income Fund (CGIIX) has been recognized by Refinitiv Lipper as the Best Flexible Portfolio Fund for risk-adjusted performance among 148 funds in its classification in the U.S. as of 12/31/20. The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.

“It is an honor to have Calamos Growth and Income Fund recognized for its strong risk-adjusted performance," said John Hillenbrand, CPA, Co-CIO, Head of Multi-Asset Strategies and Co-Head of Convertible Strategies, Senior Co-Portfolio Manager.

Calamos Growth and Income Fund (CGIIX)

Morningstar Overall RatingTM Among 289 Allocation--70% to 85% Equity funds. The Fund's risk-adjusted returns based on load-waived Class I Shares had 5 stars for 3 years, 5 stars for 5 years and 4 stars for 10 years out of 289, 263 and 185 Allocation--70% to 85% Equity Funds, respectively, for the period ended 8/31/2021.

“We are dedicated to providing strong absolute returns and an asymmetrical return profile that captures more upside than downside over full market cycles. Over time—including in volatile markets—the fund has benefited from our active risk management, investments across a broad asset class universe including convertible securities and comprehensive capital structure analysis provided by our dedicated research team. We believe our tested approach will continue to give us an advantage in serving our clients,” Hillenbrand said.

CGIIX is a multi-asset strategy that leverages Calamos’ capital structure research by investing in equities, fixed income and convertible securities seeking to generate equity-like returns while managing downside volatility, as compared to the S&P 500 over a full market cycle.

Since inception, as shown below, CGIIX has posted strong gains and outperformed the equity market, while adhering to its risk-conscious approach. In addition, the fund has consistently provided a competitive distribution throughout its history. The result is a track record of top-tier performance since its inception in 1997.

cgiix vs peers: long-term performance through cycles with asymmetric profile

Investment professionals, for more information on CGIIX, please contact your Calamos Investment Consultant at 888-571-2567 or

Before investing carefully consider the fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing.

GI average annual returns and expense ratio 3-31-21

Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. The views and strategies described may not be suitable for all investors. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations.

The principal risks of investing in the Calamos Growth and Income Fund include: convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk consisting of fluctuations inconsistent with a convertible security and the risk of components expiring worthless, equity securities risk, growth stock risk, small and mid-sized company risk, interest rate risk, credit risk, liquidity risk, high yield risk, forward foreign currency contract risk and portfolio selection risk.

The Refinitiv Lipper Fund Awards are based on Lipper Leader® risk-adjusted performance measures calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader Rating for Consistent Return (Effective Return) in each eligible classification wins the Refinitiv Lipper Fund Award over three, five or ten years. For more information, see Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data herein, the accuracy is not guaranteed by Refinitiv Lipper. Refinitiv Lipper Fund Awards, ©2021 Refinitiv. All rights reserved. Used under license.

Morningstar Allocation—70% to 85% Equity funds seek to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds and cash. These portfolios are dominated by domestic holdings and have equity exposures between 70% and 85%.

Morningstar RatingsTM are based on risk-adjusted returns and are through 2/28/21 for Class I shares and will differ for other share classes. Morningstar ratings are based on a risk-adjusted return measure that accounts for variation in a fund’s monthly historical performance (reflecting sales charges), placing more emphasis on downward variations and rewarding consistent performance. Within each asset class, the top 10%, the next 22.5%, 35%, 22.5%, and the bottom 10% receive 5, 4, 3, 2 or 1 star, respectively. Each fund is rated exclusively against U.S. domiciled funds. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Source: ©2021 Morningstar, Inc.

The S&P 500 Index is generally considered representative of the U.S. stock market.

802348 321