Calamos Global Growth and Income Fund (CGCIX)

Overview

The fund invests primarily in global equity and convertible securities in an attempt to balance risk and reward while providing growth and income.

Key Features

  • Combining equity and convertible holdings, aiming to limit downside risk while potentially capturing upside equity participation
  • Provide a core holding option that aims to maintain a consistent risk posture throughout the market cycle
  • Seeks to participate in the upside movements of the global equity market while lessening the damage of down periods
  • Takes environmental, social and governance (ESG) factors into account, evaluating whether they impact a company's cash flow, risk profile and long-term returns

Portfolio Fit

The fund can provide a long-term core allocation to global equities with the potential for lower volatility over market cycles.

Return on Invested Capital

As of 6/30/19
Name Gain
Fund 17.5175
MSCI ACWI 16.9664

Debt/Capital

As of 6/30/19
Name Gain
Fund 45.2477
MSCI ACWI 41.1417

Important Fund Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

The principal risks of investing in the Calamos Global 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, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk, forward foreign currency contract risk, portfolio selection risk, and liquidity 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

Debt/Capital Ratio-Is a measure of a company's financial leverage, calculated as the company's debt divided by its total capital.

ROIC (Return On Invested Capital)-Measures how effectively a company uses the money invested in its operations, calculated as a company's net income minus any dividends divided by the company's total capital.

The MSCI ACWI Growth Index is a free float-adjusted market capitalization weighted index that is designed to measure the growth equity market performance of developed markets and emerging markets. The indices are calculated without dividends, with net or with gross dividends reinvested, in both U.S. dollars and local currencies.

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Risk Information. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund's maximum front-end sales load of 4.75%. Had it been included, the Fund's return would have been lower.

The funds' gross expense ratios as of the prospectus dated 3/1/2019 are as follows: A Shares 1.50%, C Shares 2.25% and I Shares 1.25%.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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.

Fund Details
As of 8/16/19
Inception Date: 9/18/97
Current NAV: $8.68
$ Change: $0.07
% Change: 0.81%
Total Net Assets (As of 6/30/19): $163.4 M
Morningstar Category: World Allocation

Zephyr Analysis

Zephyr Analysis

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Resources

Calendar Year Total Returns

As of 6/30/19
Date Calamos Global Growth and Income Fund (NAV) MSCI World Index MSCI ACWI Index
YTD 2019 13.62 17.38 16.6
2018 -9.49 -8.2 -8.93
2017 20.34 23.07 24.62
2016 0.87 8.15 8.48
2015 1.02 -0.32 -1.84
2014 2.07 5.5 4.71
2013 13.19 27.37 23.44
2012 7.33 16.54 16.8
2011 -2.26 -5.02 -6.86
2010 14.8 12.34 13.21
2009 32.07 30.79 35.41
2008 -34.39 -40.33 -41.85
2007 14.27 9.57 12.18
2006 16.21 20.65 21.53
2005 19.51 10.02 11.37
2004 8.81 15.25 15.75
2003 23.17 33.76 34.63
2002 -5.23 -19.54 -18.98
2001 -6.79 -16.52 -15.91
2000 -5.6 -12.92 -13.94
1999 47.35 25.34 26.82
1998 14.53 24.8 21.97
1997* -1.82 0 0

*Reflects the fund's return from the inception date of 9/18/1997 through 12/31/1997.

Growth of 10K

As of 6/30/19
Date Calamos Global Growth and Income Fund MSCI ACWI Index
9/9/1996 12:00:00 AM 10000 10000
9/30/1996 12:00:00 AM 10080 10000
10/31/1996 12:00:00 AM 10100 10040
11/30/1996 12:00:00 AM 10660 10576.74
12/31/1996 12:00:00 AM 10542.3 10423.59
1/31/1997 12:00:00 AM 10903.06 10598.5
2/28/1997 12:00:00 AM 10883.02 10742.95
3/31/1997 12:00:00 AM 10802.85 10528.09
4/30/1997 12:00:00 AM 11143.57 10866.26
5/31/1997 12:00:00 AM 11604.54 11514.65
6/30/1997 12:00:00 AM 12210.2 12103.85
7/31/1997 12:00:00 AM 13033.82 12651.19
8/31/1997 12:00:00 AM 12333.74 11763.58
9/30/1997 12:00:00 AM 12889.69 12390.93
10/31/1997 12:00:00 AM 12086.66 11653.17
11/30/1997 12:00:00 AM 12189.61 11831.47
12/31/1997 12:00:00 AM 12476.3 11986.81
1/31/1998 12:00:00 AM 12560.6 12250.64
2/28/1998 12:00:00 AM 13087.47 13088.71
3/31/1998 12:00:00 AM 14078.62 13647.21
4/30/1998 12:00:00 AM 14057.16 13775.08
5/31/1998 12:00:00 AM 14185.93 13513.77
6/30/1998 12:00:00 AM 14574.97 13757.29
7/31/1998 12:00:00 AM 14574.97 13761.83
8/31/1998 12:00:00 AM 12777.46 11833.79
9/30/1998 12:00:00 AM 12839.39 12069.17
10/31/1998 12:00:00 AM 13277.6 13171.45
11/30/1998 12:00:00 AM 13934.9 13971.08
12/31/1998 12:00:00 AM 14234.31 14619.9
1/31/1999 12:00:00 AM 14502.88 14918.73
2/28/1999 12:00:00 AM 14368.6 14543.82
3/31/1999 12:00:00 AM 14793.84 15198.01
4/30/1999 12:00:00 AM 15398.12 15854.56
5/31/1999 12:00:00 AM 15174.31 15294.26
6/30/1999 12:00:00 AM 15800.98 16055.76
7/31/1999 12:00:00 AM 15891.01 15990.09
8/31/1999 12:00:00 AM 16048.57 15970.9
9/30/1999 12:00:00 AM 15846 15798.74
10/31/1999 12:00:00 AM 16476.24 16598.94
11/30/1999 12:00:00 AM 17984.31 17114.67
12/31/1999 12:00:00 AM 20955.91 18540.5
1/31/2000 12:00:00 AM 19836.13 17540.42
2/29/2000 12:00:00 AM 21230.14 17600.06
3/31/2000 12:00:00 AM 21115.88 18757.09
4/30/2000 12:00:00 AM 20567.41 17915.64
5/31/2000 12:00:00 AM 19767.57 17450.73
6/30/2000 12:00:00 AM 20951.27 18042.31
7/31/2000 12:00:00 AM 20424.05 17512.41
8/31/2000 12:00:00 AM 21570.18 18056.87
9/30/2000 12:00:00 AM 20939.93 17065.19
10/31/2000 12:00:00 AM 20227.38 16731.22
11/30/2000 12:00:00 AM 18952.98 15694.72
12/31/2000 12:00:00 AM 19727.5 15956.82
1/31/2001 12:00:00 AM 19727.5 16360.21
2/28/2001 12:00:00 AM 19126.53 14983.66
3/31/2001 12:00:00 AM 18730.25 13974.96
4/30/2001 12:00:00 AM 19309 14992.9
5/31/2001 12:00:00 AM 19203.77 14825.73
6/30/2001 12:00:00 AM 18867.67 14371.47
7/31/2001 12:00:00 AM 18708.89 14144.98
8/31/2001 12:00:00 AM 18391.35 13494.87
9/30/2001 12:00:00 AM 17553.16 12262.12
10/31/2001 12:00:00 AM 17659.54 12522.69
11/30/2001 12:00:00 AM 18106.77 13292.83
12/31/2001 12:00:00 AM 18347.13 13417.38
1/31/2002 12:00:00 AM 18480.66 13049.75
2/28/2002 12:00:00 AM 18347.13 12953.83
3/31/2002 12:00:00 AM 18827.34 13538.83
4/30/2002 12:00:00 AM 19100.6 13110.05
5/31/2002 12:00:00 AM 18991.3 13128.54
6/30/2002 12:00:00 AM 18206.25 12327.3
7/31/2002 12:00:00 AM 17356.26 11293.54
8/31/2002 12:00:00 AM 17493.36 11322.79
9/30/2002 12:00:00 AM 16725.63 10080.9
10/31/2002 12:00:00 AM 17054.65 10823.26
11/30/2002 12:00:00 AM 17740.13 11415.29
12/31/2002 12:00:00 AM 17356.26 10871.01
1/31/2003 12:00:00 AM 17328.84 10553.69
2/28/2003 12:00:00 AM 17164.33 10368.68
3/31/2003 12:00:00 AM 17191.75 10329.49
4/30/2003 12:00:00 AM 18124 11251.91
5/31/2003 12:00:00 AM 18864.31 11906.66
6/30/2003 12:00:00 AM 19194.3 12135.27
7/31/2003 12:00:00 AM 19468.9 12404.55
8/31/2003 12:00:00 AM 19908.25 12699.03
9/30/2003 12:00:00 AM 19606.2 12780.18
10/31/2003 12:00:00 AM 20622.2 13555.43
11/30/2003 12:00:00 AM 20869.34 13763.09
12/31/2003 12:00:00 AM 21281.23 14635.81
1/31/2004 12:00:00 AM 21885.35 14886.52
2/29/2004 12:00:00 AM 22297.24 15161.18
3/31/2004 12:00:00 AM 22077.56 15080.37
4/30/2004 12:00:00 AM 21610.75 14734.28
5/31/2004 12:00:00 AM 21775.51 14858.63
6/30/2004 12:00:00 AM 22077.56 15158.93
7/31/2004 12:00:00 AM 21638.21 14678.09
8/31/2004 12:00:00 AM 21500.91 14773.35
9/30/2004 12:00:00 AM 21857.89 15084.62
10/31/2004 12:00:00 AM 21885.35 15456.91
11/30/2004 12:00:00 AM 22580.86 16305.96
12/31/2004 12:00:00 AM 23130.27 16941.56
1/31/2005 12:00:00 AM 22690.74 16585.79
2/28/2005 12:00:00 AM 23267.62 17168.12
3/31/2005 12:00:00 AM 22718.21 16796.77
4/30/2005 12:00:00 AM 22086.38 16437.49
5/31/2005 12:00:00 AM 22910.5 16756.7
6/30/2005 12:00:00 AM 23514.86 16933.49
7/31/2005 12:00:00 AM 24338.98 17564.09
8/31/2005 12:00:00 AM 24751.04 17705.66
9/30/2005 12:00:00 AM 25987.21 18243.38
10/31/2005 12:00:00 AM 25575.15 17755.37
11/30/2005 12:00:00 AM 26624.2 18411.07
12/31/2005 12:00:00 AM 27562.85 18868.4
1/31/2006 12:00:00 AM 28736.34 19801.45
2/28/2006 12:00:00 AM 28535.99 19780.46
3/31/2006 12:00:00 AM 29137.05 20205.14
4/30/2006 12:00:00 AM 29779.01 20887.88
5/31/2006 12:00:00 AM 28535.8 20082.02
6/30/2006 12:00:00 AM 28535.8 20081.42
7/31/2006 12:00:00 AM 28767.1 20223.39
8/31/2006 12:00:00 AM 29316.42 20757.9
9/30/2006 12:00:00 AM 29663.36 21005.54
10/31/2006 12:00:00 AM 30357.24 21797.45
11/30/2006 12:00:00 AM 31048 22424.34
12/31/2006 12:00:00 AM 31942.61 22930.46
1/31/2007 12:00:00 AM 32420.25 23163.66
2/28/2007 12:00:00 AM 31853.05 23050.86
3/31/2007 12:00:00 AM 32270.99 23523.17
4/30/2007 12:00:00 AM 33166.58 24577.95
5/31/2007 12:00:00 AM 34092.02 25333.72
6/30/2007 12:00:00 AM 34121.87 25268.36
7/31/2007 12:00:00 AM 34181.57 24888.32
8/31/2007 12:00:00 AM 34480.1 24830.08
9/30/2007 12:00:00 AM 36241.42 26170.91
10/31/2007 12:00:00 AM 38301.28 27197.33
11/30/2007 12:00:00 AM 36704.2 26006.09
12/31/2007 12:00:00 AM 36412.73 25724.96
1/31/2008 12:00:00 AM 33650.83 23624.01
2/29/2008 12:00:00 AM 33301.62 23701.96
3/31/2008 12:00:00 AM 32380.98 23364.69
4/30/2008 12:00:00 AM 33746.06 24685.26
5/31/2008 12:00:00 AM 34285.75 25098.98
6/30/2008 12:00:00 AM 31777.81 23046.39
7/31/2008 12:00:00 AM 31396.86 22455.25
8/31/2008 12:00:00 AM 31269.87 21980.99
9/30/2008 12:00:00 AM 27873.04 19242.6
10/31/2008 12:00:00 AM 23333.36 15434.3
11/30/2008 12:00:00 AM 22793.67 14430.14
12/31/2008 12:00:00 AM 23846.98 14960.31
1/31/2009 12:00:00 AM 22929.79 13686.73
2/28/2009 12:00:00 AM 21914.32 12355.15
3/31/2009 12:00:00 AM 23584.92 13379.64
4/30/2009 12:00:00 AM 25484.82 14971.28
5/31/2009 12:00:00 AM 27188.18 16480.84
6/30/2009 12:00:00 AM 26926.12 16394.97
7/31/2009 12:00:00 AM 28367.42 17843.96
8/31/2009 12:00:00 AM 28858.77 18489.56
9/30/2009 12:00:00 AM 30496.62 19343.77
10/31/2009 12:00:00 AM 30136.29 19048.78
11/30/2009 12:00:00 AM 30856.94 19840.64
12/31/2009 12:00:00 AM 31381.05 20257.29
1/31/2010 12:00:00 AM 30365.59 19385.82
2/28/2010 12:00:00 AM 31053.48 19639.97
3/31/2010 12:00:00 AM 32305.52 20913.03
4/30/2010 12:00:00 AM 32305.52 20959.04
5/31/2010 12:00:00 AM 31055.41 18990.36
6/30/2010 12:00:00 AM 31004.88 18411.91
7/31/2010 12:00:00 AM 31806.73 19915.98
8/31/2010 12:00:00 AM 31639.68 19227.69
9/30/2010 12:00:00 AM 33544.07 21073.93
10/31/2010 12:00:00 AM 33945 21839.76
11/30/2010 12:00:00 AM 34145.46 21362.78
12/31/2010 12:00:00 AM 35949.62 22933.58
1/31/2011 12:00:00 AM 36083.27 23298.68
2/28/2011 12:00:00 AM 37620.15 23986.69
3/31/2011 12:00:00 AM 37620.15 23972.78
4/30/2011 12:00:00 AM 38622.46 24967.41
5/31/2011 12:00:00 AM 37854.02 24454.08
6/30/2011 12:00:00 AM 37052.17 24078.22
7/31/2011 12:00:00 AM 36885.12 23693.93
8/31/2011 12:00:00 AM 36016.45 21972.81
9/30/2011 12:00:00 AM 33777.95 19906.26
10/31/2011 12:00:00 AM 35983.03 22044.4
11/30/2011 12:00:00 AM 36049.86 21395.41
12/31/2011 12:00:00 AM 35052.15 21359.46
1/31/2012 12:00:00 AM 36528.03 22607.5
2/29/2012 12:00:00 AM 37702.02 23756.41
3/31/2012 12:00:00 AM 37590.76 23925.79
4/30/2012 12:00:00 AM 36912.22 23667.63
5/31/2012 12:00:00 AM 34978.4 21566.9
6/30/2012 12:00:00 AM 35572.62 22642.87
7/31/2012 12:00:00 AM 36185.94 22960.32
8/31/2012 12:00:00 AM 36765.19 23471.19
9/30/2012 12:00:00 AM 37480.73 24220.15
10/31/2012 12:00:00 AM 37071.85 24064.9
11/30/2012 12:00:00 AM 37582.95 24384.24
12/31/2012 12:00:00 AM 37493.84 24948.49
1/31/2013 12:00:00 AM 38510.98 26104.86
2/28/2013 12:00:00 AM 38405.76 26112.69
3/31/2013 12:00:00 AM 39017.5 26602.56
4/30/2013 12:00:00 AM 39228.21 27380.45
5/31/2013 12:00:00 AM 39122.86 27328.37
6/30/2013 12:00:00 AM 37999.04 26540.71
7/31/2013 12:00:00 AM 39614.53 27819.79
8/31/2013 12:00:00 AM 38912.14 27252.27
9/30/2013 12:00:00 AM 40422.27 28670.47
10/31/2013 12:00:00 AM 41370.49 29829.33
11/30/2013 12:00:00 AM 41686.56 30264.54
12/31/2013 12:00:00 AM 42372.73 30797.2
1/31/2014 12:00:00 AM 41313.42 29572.09
2/28/2014 12:00:00 AM 43686.29 31015.5
3/31/2014 12:00:00 AM 43003.3 31169.96
4/30/2014 12:00:00 AM 42748.85 31483.22
5/31/2014 12:00:00 AM 43724.27 32180.25
6/30/2014 12:00:00 AM 44657.28 32800.05
7/31/2014 12:00:00 AM 43384.99 32411.69
8/31/2014 12:00:00 AM 44360.41 33140.96
9/30/2014 12:00:00 AM 43130.53 32079.12
10/31/2014 12:00:00 AM 43342.58 32312.34
11/30/2014 12:00:00 AM 43936.31 32866.82
12/31/2014 12:00:00 AM 43141.47 32246.29
1/31/2015 12:00:00 AM 42834.05 31749.37
2/28/2015 12:00:00 AM 44934.76 33531.47
3/31/2015 12:00:00 AM 44627.34 33031.85
4/30/2015 12:00:00 AM 45395.9 34006.62
5/31/2015 12:00:00 AM 45088.48 33988.59
6/30/2015 12:00:00 AM 44422.4 33203.46
7/31/2015 12:00:00 AM 44576.11 33503.95
8/31/2015 12:00:00 AM 42577.87 31220.66
9/30/2015 12:00:00 AM 41604.37 30103.27
10/31/2015 12:00:00 AM 44217.45 32473.9
11/30/2015 12:00:00 AM 44114.97 32220.28
12/31/2015 12:00:00 AM 43436.54 31652.88
1/31/2016 12:00:00 AM 41101.24 29751.17
2/29/2016 12:00:00 AM 40322.81 29563.15
3/31/2016 12:00:00 AM 42554.32 31774.47
4/30/2016 12:00:00 AM 42814 32262.21
5/31/2016 12:00:00 AM 43229.3 32330.28
6/30/2016 12:00:00 AM 42969.92 32151.5
7/31/2016 12:00:00 AM 44525.43 33546.87
8/31/2016 12:00:00 AM 44369.59 33676.03
9/30/2016 12:00:00 AM 44888.72 33896.94
10/31/2016 12:00:00 AM 43955.03 33329.85
11/30/2016 12:00:00 AM 43330.87 33599.48
12/31/2016 12:00:00 AM 43725.18 34338.67
1/31/2017 12:00:00 AM 44717.74 35285.05
2/28/2017 12:00:00 AM 45451.11 36290.67
3/31/2017 12:00:00 AM 45973.8 36758.82
4/30/2017 12:00:00 AM 47017.41 37348.8
5/31/2017 12:00:00 AM 47642.74 38206.7
6/30/2017 12:00:00 AM 47938.12 38396.21
7/31/2017 12:00:00 AM 48995.79 39483.2
8/31/2017 12:00:00 AM 49201.57 39653.77
9/30/2017 12:00:00 AM 49772.31 40434.55
10/31/2017 12:00:00 AM 51175.89 41283.68
11/30/2017 12:00:00 AM 51902.59 42101.92
12/31/2017 12:00:00 AM 49681.16 42794.92
1/31/2018 12:00:00 AM 52617.32 45217.97
2/28/2018 12:00:00 AM 50780.98 43336.45
3/31/2018 12:00:00 AM 49988.8 42434.62
4/30/2018 12:00:00 AM 49883.82 42863.63
5/31/2018 12:00:00 AM 50302.84 42954.07
6/30/2018 12:00:00 AM 49789.75 42738.44
7/31/2018 12:00:00 AM 50262.75 44041.11
8/31/2018 12:00:00 AM 51051.88 44407.09
9/30/2018 12:00:00 AM 50786.41 44618.47
10/31/2018 12:00:00 AM 47312.62 41284.58
11/30/2018 12:00:00 AM 47629.61 41907.97
12/31/2018 12:00:00 AM 44805.17 38972.74
1/31/2019 12:00:00 AM 47699.58 42062.11
2/28/2019 12:00:00 AM 48524.78 43206.2
3/31/2019 12:00:00 AM 49073.11 43776.52
4/30/2019 12:00:00 AM 50726.87 45277.62
5/31/2019 12:00:00 AM 48718.09 42629.33
6/30/2019 12:00:00 AM 50876.3 45440.73

Annualized Total Returns

As of 6/30/19
TimeFrame Calamos Global Growth and Income Fund (NAV) MSCI World Index MSCI ACWI Index
6 Month 13.62 17.38 16.6
1 Year 2.48 6.94 6.32
3 Year 8.01 12.39 12.22
5 Year 4.04 7.2 6.74
10 Year 7.44 11.33 10.73
15 Year 6.38 7.62 7.59
20 Year 6.57 5.32 5.34
Since Inception 7.11 7.15 7.02

Important Fund Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

The principal risks of investing in the Calamos Global 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, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk, forward foreign currency contract risk, portfolio selection risk, and liquidity 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.

10k Performance is for the Fund's Class A shares at net asset value and does not include the Fund's maximum front-end sales charge of 4.75%-had it been included, the Fund's return would have been lower. Index data shown is from 9/9/96, since comparative index data is available only for full monthly periods.

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Risk Information. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund's maximum front-end sales load of 4.75%. Had it been included, the Fund's return would have been lower.

The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets.

The MSCI ACWI Growth Index is a free float-adjusted market capitalization weighted index that is designed to measure the growth equity market performance of developed markets and emerging markets. The indices are calculated without dividends, with net or with gross dividends reinvested, in both U.S. dollars and local currencies.

Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions.

The funds' gross expense ratios as of the prospectus dated 3/1/2019 are as follows: A Shares 1.50%, C Shares 2.25% and I Shares 1.25%.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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.

Sector Weightings

As of 6/30/19
Sector % of Assets MSCI ACWI
Information Technology 19.0% 16.0%
Communication Services 13.3% 8.7%
Health Care 12.9% 11.4%
Financials 12.4% 16.9%
Consumer Staples 8.9% 8.3%
Consumer Discretionary 8.4% 10.8%
Energy 7.3% 5.9%
Industrials 4.0% 10.5%
Utilities 3.2% 3.3%
Real Estate 2.2% 3.2%
Materials 0.9% 4.9%

Asset Allocation

As of 6/30/19
Asset Allocation
Common Stock 56.7078
Convertibles 34.3061
Synthetic Convertibles 8.1222
Cash and Receivables/Payables 0.7823
Options 0.0816

Month-End Yield

As of 7/31/19
Name %
30-day SEC yield 0.18%
Distribution Yield 10.97%

Top 10 Holdings

As of 6/30/19
Company Security Type Industry %
Walt Disney Company Stocks Movies & Entertainment 4.4%
Ping An Exchangeable (Jp Morgan) Convertible Bonds Life & Health Insurance 3.0%
Johnson & Johnson Stocks Pharmaceuticals 2.3%
CSL, Ltd. Stocks Biotechnology 2.1%
Bank Of America Corp. Stocks Diversified Banks 2.1%
Tencent Holdings, Ltd. Stocks Interactive Media & Services 2.1%
Tullow Oil Jersey, Ltd. Convertible Bonds Oil & Gas Exploration & Production 2.0%
TOTAL, SA Convertible Bonds Integrated Oil & Gas 2.0%
Xero Investments, Ltd. Convertible Bonds Application Software 1.9%
Palo Alto Networks, Inc. Convertible Bonds Systems Software 1.9%
Total 23.8%

Fund Facts

As of 6/30/19
Name Fund MSCI ACWI
Number of Holdings 100 2,845
Debt/Capital 45.2% 41.1%
Duration 1.4 years N/A
Median Conversion Premium 20.7% N/A
Median Investment Premium 21.8% N/A
PEG Ratio 2.1x 2.0x
Portfolio Turnover (12 months) 62.2% N/A
Price/Book 4.0x 2.2x
Price/Earnings 23.2x 16.1x
Price/Sales 2.5x 1.4x
ROIC 17.5% 17.0%
Net Assets $163.4 M N/A

Market Capitalization

As of 6/30/19
Market CAP Range % of Assets
<=$0.1bil 0.0%
>$0.1bil<=$5bil 0.0%
>$5bil<=$30bil 13.4%
>$30bil<=$200bil 41.4%
>$200bil 45.2%

Regional Exposure

As of 6/30/19
Region % of Assets
North America 52.4%
Europe 24.4%
Asia/Pacific 20.1%
Latin America 2.2%
Caribbean 0.0%
Middle East/Africa 0.0%

Top Country Exposures

As of 6/30/19
Country %
United States 49.5%
China 10.2%
United Kingdom 7.3%
Germany 4.5%
France 4.2%
Netherlands 3.7%
Canada 2.9%
Japan 2.7%
Switzerland 2.5%
Australia 2.1%

Top Currency Exposures

As of 6/30/19
Currency %
United States Dollar (USD) 69.8%
Euro (EUR) 10.3%
Hong Kong Dollar (HKD) 4.5%
British Pound Sterling (GBP) 2.7%
Japanese Yen (JPY) 2.7%
Australian Dollar (AUD) 2.1%
Canadian Dollar (CAD) 2.1%
Swiss Franc (CHF) 1.7%
Indian Rupee (INR) 1.6%
Swedish Krona (SEK) 1.1%

Credit Quality of Bonds

As of 6/30/19
Class %
AAA 17.4%
AA 15.8%
A 3.1%
BBB 4.5%
BB 0.0%
B 3.3%
CCC and below 0.0%
Unrated Securities 55.9%

Maturity Schedule

As of 6/30/19
Range %
< 1 Year 3.2%
1 To 5 Years 32.5%
5 To 10 Years 1.7%
10 To 20 Years 0.0%
20 To 30 Years 0.0%
> 30 Years 0.0%
Equities and Other 62.6%

Bond Duration

As of 6/30/19
Name Duration
Weighted Avg. Duration 1.4 years
Weighted Avg. Maturity 2.7 years

Important Fund Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

The principal risks of investing in the Calamos Global 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, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk, forward foreign currency contract risk, portfolio selection risk, and liquidity 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.

Top 10 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.

Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

Notes

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

Current (SEC) Yield-Reflects the dividends and interest earned by the Fund during the 30-day period ended as of the date stated above after deducting the Fund's expenses for that same period.

Debt/Capital Ratio-Is a measure of a company's financial leverage, calculated as the company's debt divided by its total capital.

Distribution Yield -Is calculated by dividing the sum of all distributions paid by the fund over the trailing 12 months by the fund's NAV as of the date of the period presented. Distributions may include income, short-term capital gains, and long-term capital gains. Short-term and long-term capital gains represent the net trading profits realized over the trailing 12 months in the fund and are not guaranteed. Distribution Yield is based on distributions made in the past and is therefore not reflective of the fund's current portfolio.

Duration- provides a measure of the Fund's interest rate sensitivity-the longer a fund's duration, the more sensitive it is to shifts in interest rates

Investment Premium-is the amount that the market price of the convertible is above its investment value, expressed as a percentage. It is a gauge of equity participation.

PEG Ratio-Is a stock's price/earnings ratio divided by estimated earnings growth rate in the next year; a lower PEG indicates that less is being paid for each unit of earnings growth.

Price/Book Ratio-Is the stock's capitalization divided by its book value.

Price/Earnings Ratio-Is the current stock price over trailing 12-month earnings per share.

Price/Sales Ratio-Is a stock's capitalization divided by its sales over the trailing 12 months. ROIC (return on invested capital) measures how effectively a company uses the money invested in its operations, calculated as a company's net income minus any dividends divided by the company's total capital.

ROIC (Return On Invested Capital)-Measures how effectively a company uses the money invested in its operations, calculated as a company's net income minus any dividends divided by the company's total capital.

Turnover-Is the percentage of assets in a portfolio that changed over a certain period, often a year; higher turnover indicates greater buying and selling activity.

The MSCI ACWI Growth Index is a free float-adjusted market capitalization weighted index that is designed to measure the growth equity market performance of developed markets and emerging markets. The indices are calculated without dividends, with net or with gross dividends reinvested, in both U.S. dollars and local currencies.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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.

Total Capital Gains

Year Capital Gains
2008 0.0000
2009 0.0000
2010 0.0000
2011 0.0000
2012 0.2409
2013 1.7448
2014 1.7124
2015 0.1075
2016 0.0561
2017 0.5656
2018 0.8843

Schedule

Name Frequency
Distributions QUARTERLY
Capital Gains ANNUAL

Distributions

Frequency Income Total Reinvest
Q2 2019 $0.0196 $0.0196 8.73000
Q1 2019 $0.0065 $0.0065 8.56000
Q4 2018 $0.0482 $0.0482 7.76000
Q3 2018 $0.0161 $0.0161 9.88000
Q2 2018 $0.0186 $0.0186 10.03000
Q1 2018 $0.0158 $0.0158 10.05000
Q4 2017 $0.0000 $0.0000 9.64000
Q3 2017 $0.0000 $0.0000 9.83000
Q2 2017 $0.0121 $0.0121 9.35000
Q1 2017 $0.0000 $0.0000 9.08000
Q4 2016 $0.0290 $0.0290 8.62000
Q3 2016 $0.0000 $0.0000 8.78000
Q2 2016 $0.0000 $0.0000 8.42000
Q1 2016 $0.0000 $0.0000 0.00000
Q4 2015 $0.0000 $0.0000 8.58000
Q4 2014 $0.0628 $0.0628 8.61000
Q1 2014 $0.0156 $0.0156 10.29000
Q4 2013 $0.3024 $0.3024 9.98000
Q3 2013 $0.0000 $0.0000 0.00000
Q2 2013 $0.0000 $0.0000 0.00000
Q1 2013 $0.0215 $0.0215 11.13000
Q4 2012 $0.0904 $0.0904 10.95000
Q3 2012 $0.0000 $0.0000 0.00000
Q2 2012 $0.0514 $0.0514 10.45000
Q1 2012 $0.1334 $0.1334 11.21000
Q4 2011 $0.0725 $0.0725 10.58000
Q3 2011 $0.0000 $0.0000 0.00000
Q2 2011 $0.0000 $0.0000 0.00000
Q1 2011 $0.0000 $0.0000 0.00000
Q4 2010 $0.0000 $0.0000 0.00000
Q3 2010 $0.0000 $0.0000 0.00000
Q2 2010 $0.1553 $0.1553 9.69000
Q1 2010 $0.0481 $0.0481 10.00000
Q4 2009 $0.0000 $0.0000 0.00000
Q3 2009 $0.0000 $0.0000 0.00000
Q2 2009 $0.0000 $0.0000 0.00000
Q1 2009 $0.0000 $0.0000 0.00000
Q4 2008 $0.2333 $0.2333 7.24000
Q3 2008 $0.0000 $0.0000 0.00000
Q2 2008 $0.0000 $0.0000 0.00000
Q1 2008 $0.0000 $0.0000 0.00000

Important Fund Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

The principal risks of investing in the Calamos Global 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, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk, forward foreign currency contract risk, portfolio selection risk, and liquidity 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.

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Risk Information. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund's maximum front-end sales load of 4.75%. Had it been included, the Fund's return would have been lower.

The funds' gross expense ratios as of the prospectus dated 3/1/2019 are as follows: A Shares 1.50%, C Shares 2.25% and I Shares 1.25%.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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.

Annual Expenses

Name A Shares C Shares I Shares
Gross Expense Ratio 1.50% 2.25% 1.25%
Net Expense Ratio 1.50% 2.25% 1.25%

Investment Information

Name A Shares C Shares I Shares
Minimum initial investment $2500 $2500 $1 million
Minimum subsequent investments $50 $50 $0
IRA initial investments $500 $500 N/A

Fund Information

Name A Shares C Shares I Shares
Inception Date 9/09/96 9/24/96 9/18/97
Ticker Symbol CVLOX CVLCX CGCIX
CUSIP number 128119500 128119708 128119609

Sales & Distribution

Name A Shares C Shares I Shares
Sales Load Front-End Level-Load N/A
Maximum Sales Charge 4.75 1.00 N/A
US Bank Fund Number 607 621 631
Dividends QUARTERLY QUARTERLY QUARTERLY
Capital Gains ANNUAL ANNUAL ANNUAL

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

The principal risks of investing in the Calamos Global 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, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk, forward foreign currency contract risk, portfolio selection risk, and liquidity 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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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.

calamos-global-growth-and-income-fund-mutual-fund-quarterly-commentary.pdf
Calamos Global Growth and Income Fund Quarterly Commentary

A quarterly update of the Calamos Global Growth and Income Fund’s performance, positioning, related market commentary and outlook.

calamos-global-growth-and-income-fund-mutual-fund-fact-sheet.pdf
Calamos Global Growth and Income Fund Fact Sheet

The Global Growth and Income Fund fact sheet provides a snapshot of the investment team, the fund strategy, performance, composition, ratings and returns.

opportunity-of-convertible-securities.pdf
The Opportunity of Convertible Securities

Like stocks, convertibles typically offer upside appreciation in rising equity markets. Like bonds, convertibles provide income and potential downside protection in declining markets.

ConvertibleSecurities.pdf
Convertible Securities: Structures, Valuation, Market Environment, and Asset Allocation

A comprehensive overview of convertible securities, including history, structures, valuation, market environment, and roles within asset allocation.

calamos-mutual-funds-rising-rates-sales-idea.pdf
Preparing Your Portfolio for Rising Rates

The Fed’s decision to raise interest rates can cause headwinds for portfolios with traditional fixed-income securities. Convertible securities can potentially diversify asset allocations beyond bonds and stocks.

calamos-global-growth-and-income-fund-mutual-fund-summary-prospectus.pdf
Calamos Global Growth and Income Fund Prospectus

This summary contains important information about the Class A, C, and I Global Growth and Income Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.

calamos-mutual-fund-statutory-prospectus.pdf
Statutory Prospectus

You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.

calamos-mutual-fund-sai.pdf
SAI

The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations.

calamos-mutual-funds-semi-annual-report.pdf
Semi-Annual Report

The semi-annual report includes a letter from John P. Calamos, Sr. to shareholders and provides a comprehensive review of the fund’s activities and financial performance over a six month period.

calamos-mutual-funds-annual-report.pdf
Annual Report

The annual report includes a letter from John P. Calamos, Sr. to shareholders outlining the fund's performance, as well as a comprehensive review of the fund’s activities and financial performance.