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SROIX

Calamos Antetokounmpo Sustainable Equities Mutual Fund

Important Disclosure

Fund Stats

  • NAV

    $12.98

    $0.02 (0.15%)

    As of 1/24/25

  • Daily YTD Return

    3.43%

    As of 1/24/25

  • Total Net Assets

    $4.6 Million

    As of 12/31/24

  • Inception Date

    2/3/23

Calamos Antetokounmpo Sustainable Equities Mutual Fund Overview

The Fund employs an integrated, fundamental and proprietary sustainable process to evaluate and select what we deem are the highest-quality US growth opportunities across market capitalizations.

Key Features

Calamos Antetokounmpo Sustainable Equities Fund (SROIX) provides opportunities worldwide to invest in high-quality companies that contribute to a more sustainable world and improved conditions for humankind.

  • Seeking a better way to invest
    We invest in high-quality companies that have strong financial metrics and seek to address nonfinancial risks related to governance, ecological impact and human development.
  • Authentic heritage
    The Fund is managed by a team that established and maintains one of the longest running ESG processes in the United States, consistently applied for more than 25 years.
  • Seeking positive long-term societal and investment returns
    We invest in companies that are realizing positive social and environmental benefits across market cycles. Also, the Fund is part of a broader partnership that has committed to donating a portion of its profits to charity.

Portfolio Fit

The Fund can serve as a US equity allocation for investors seeking above-average returns with potentially lower volatility from a portfolio of high-quality sustainability-principled companies offering enhanced prospects for growth.

Morningstar Sustainability Rating

five stars

Morningstar Sustainability RatingTM Out of 3685 US Equity Large Cap Blend funds as of 11/30/2024. Based on 97.21% of AUM. Data is based on long positions only.

Performance

Calendar Year Total Returns

As of 12/31/24
Date Calamos Antetokounmpo Sustainable Equities Fund (NAV) S&P 500 Index
2024 14.81 25.02
2023* 10.21 15.88

*Reflects the fund's return from the inception date of 2/3/2023 through 12/31/2023.

Annualized Total Returns

As of 12/31/24 As of 12/31/24
TimeFrame Calamos Antetokounmpo Sustainable Equities Fund (NAV) S&P 500 Index
3 Month -1.53 2.41
1 Year 14.81 25.02
Since Inception (02/03/23) 13.12 21.41
TimeFrame Calamos Antetokounmpo Sustainable Equities Fund (NAV) S&P 500 Index
3 Month -1.53 2.41
1 Year 14.81 25.02
Since Inception (02/03/23) 13.12 21.41

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.

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

Unmanaged index returns, 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 5/1/2024 are as follows: A Shares 10.24%, C Shares 10.99%, I Shares 9.99% and R6 Shares 9.98%.

Class I shares are offered primarily for direct investment by investors through certain tax-exempt retirement plans and by institutional clients, provided such plans or clients have assets of at least $1 million. For eligibility requirements and other available share classes see the prospectus and other Fund documents at www.calamos.com.

Portfolio

Sector Weightings

As of 12/31/24
Sector % of Assets S&P 500 Index
Information Technology 33.7% 32.5%
Industrials 12.8% 8.2%
Financials 11.9% 13.6%
Health Care 10.9% 10.1%
Communication Services 8.9% 9.4%
Consumer Discretionary 7.8% 11.3%
Consumer Staples 4.7% 5.5%
Materials 4.3% 1.9%
Utilities 2.5% 2.3%
Real Estate 2.4% 2.1%
Energy 0.0% 3.2%
Other 0.0% 0.0%

Asset Allocation

As of 12/31/24
Asset Allocation %
Common Stock 100.0091
Cash and Receivables/Payables -0.0091

Top 10 Holdings

As of 12/31/24
View All Holdings
Company Industry Country %
Microsoft Corp. Systems Software United States 7.6%
Alphabet, Inc. - Class A Interactive Media & Services United States 7.4%
Apple, Inc. Technology Hardware, Storage & Peripherals United States 6.2%
NVIDIA Corp. Semiconductors United States 5.3%
TJX Companies, Inc. Apparel Retail United States 3.0%
Broadcom, Inc. Semiconductors United States 2.9%
Taiwan Semiconductor Mfg (ADR) Semiconductors Taiwan 2.4%
Costco Wholesale Corp. Hypermarkets & Super Centers United States 2.4%
SAP, SE (ADR) Application Software Germany 2.2%
Visa, Inc. - Class A Transaction & Payment Processing Services United States 2.1%
Total 41.5%

Fund Facts

As of 12/31/24
Name Fund S&P 500 Index
Net Assets $4.6 M N/A
Number of Holdings 51 503
Gross Margin 56.92% 55.18%
ROE 54.25% 39.54%
Debt/Capital 42.8% 43.1%
ROIC 26.1% 25.2%
Price/Earnings 26.2x 24.6x
PEG Ratio 2.3x 2.2x

Market Capitalization

As of 12/31/24
Market CAP Range % of Assets
<=$0.10bil 0.0%
>$0.10bil<=$5bil 0.0%
>$5bil<=$30bil 6.0%
>$30bil<=$200bil 47.1%
>$200bil 46.9%

Regional Exposure

As of 12/31/24
Region % of Assets
North America 83.3%
Europe 11.2%
Asia/Pacific 5.5%
Caribbean 0.0%
Latin America 0.0%
Middle East/Africa 0.0%

Distributions

Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2023 0.0000
2024 0.0000

Schedule

Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

2024 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 23, 2024. To view the report, click here.

Distributions

Schedule: ANNUAL
Most Recent Distributions
Frequency Income Reinvest
Q4 2024 $0.0451 12.75000
Q4 2023 $0.0511 10.89000

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares R6 Shares
Gross Expense Ratio 10.24% 10.99% 9.99% 9.98%
Net Expense Ratio 1.35% 2.10% 1.10% 1.09%

Investment Information

Name A Shares C Shares I Shares R6 Shares
Minimum initial investment $2500 $2500 $1 million $0
Minimum subsequent investments $50 $50 N/A $0
IRA initial investments $500 $500 N/A N/A

Fund Information

Name A Shares C Shares I Shares R6 Shares
Inception Date 2/03/23 2/03/23 2/03/23 2/03/23
Ticker Symbol SROAX SROCX SROIX SRORX
CUSIP number 12811U107 12811U206 12811U305 12811U404

Sales & Distribution

Name A Shares C Shares I Shares R6 Shares
Sales Load Front-End Level-Load N/A N/A
Maximum Sales Charge 4.75 1.00 N/A N/A
US Bank Fund Number 5806 5807 5808 5809
Dividends ANNUAL ANNUAL ANNUAL ANNUAL
Capital Gains ANNUAL ANNUAL ANNUAL ANNUAL

The Fund's investment advisor has contractually agreed to reimburse Fund expenses through April 30, 2026 to the extent necessary so that Total Annual Fund Operating Expenses of Class A shares, Class C shares and Class I shares are limited to 1.35%, 2.10% and 1.10% of average net assets, respectively. The Fund's investment advisor has contractually agreed to limit the Fund's annual ordinary operating expenses through April 30, 2026 for Class R6 shares (as a percentage of average net assets) to 1.10% less the Fund's annual sub-transfer agency ratio (the aggregate sub-transfer agency fees of the Fund's other share classes divided by the aggregate average annual net assets of the Fund's other share classes). For purposes of these expense limitations, operating expenses do not include taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses, foreign tax reclaim expenses, and extraordinary expenses, if any. Calamos Antetokounmpo Asset Management LLC ("CGAM") may recapture previously waived expense amounts within the same fiscal year for any day where the respective share class's expense ratio falls below the contractual expense limit up to the expense limit for that day. This undertaking is binding on CGAM and any of its successors and assigns. This agreement is not terminable by either party.

Literature

Videos

Sustainable Investing: Why an Integrated Approach Best Serves Investors

Hear Beth Williamson, VP, Head of Sustainable Equities Research and Associate Portfolio Manager discuss why we believe an integrated approach to ESG investing delivers a competitive edge.

About the Fund

Calamos Antetokounmpo Sustainable Equities Fund Fact Sheet

The Calamos Antetokounmpo Sustainable Equities Fund fact sheet provides a snapshot of the investment team and product strategy.

Nuclear Power: Understanding a Changing Frontier of Opportunity and Risk

The latest white paper from the Calamos Sustainable Equities Team highlights how nuclear power could provide a powerful zero-carbon tool to address the challenges of skyrocketing energy demand and climate change, provided that proper guardrails are in place to prevent current risks.

The Pendulum Swings on DEI Sentiment

Our sustainable equities team discusses the recent backlash against DEI programs, why human capital and labor management matter to a company’s success, and how its proprietary process seeks to differentiate between companies that authentically support human capital initiatives versus those that engage in “check-the-box” DEI efforts.

Calamos Sustainable Equities Engagement Survey Report

Our engagement strategy enables the Calamos Sustainable Equities team to request specific data points that align with our proprietary ESG process, build relationships with the companies in which we invest and advocate for better policies, practices and/or disclosures.

Prospectus and Reports

Summary Prospectus

This summary contains important information about the investment objective, fees and expenses, principal investment strategies, principal risks and performance.

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.

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.

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.

Semi Annual Report

The semi annual report provides a comprehensive review of the fund’s activities and financial performance over a six month period.

N-CSRS

Calamos Financial Services LLC, Distributor

Check the background of the firm and its investment professionals on FINRA's BrokerCheck.

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 1-866-363-9219. Read it carefully before investing.

©2025 Calamos Investments LLC. All Rights Reserved. Calamos®, Calamos Investments® and Investment strategies for your serious money® are registered trademarks of Calamos Investments LLC.

Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Financial Services LLC and Calamos Antetokounmpo Asset Management LLC.

The personal data collected by Calamos on this website, or by any other means, is collected and stored in accordance with the General Data Protection Regulation (EU) 2016/679 ("GDPR").

Important Legal Information | Privacy Policy | Business Continuity | Code of Business Conduct and Ethics | ERISA 408(b)(2)

Important Fund Information

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 1-866-363-9219. Read it carefully before investing.

An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund 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 can increase during times of significant market volatility. The Fund 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 Antetokounmpo Sustainable Equities Fund include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, large-capitalization stocks as a group could fall out of favor with the market, small and mid-sized company risk, sector risk, portfolio turnover risk, and portfolio selection risk.

The Fund's ESG policy could cause it to perform differently compared to similar funds that do not have such a policy. The application of the social and environmental standards of Calamos Advisors may affect the Fund's exposure to certain issuers, industries, sectors, and factors that may impact the relative financial performance of the Fund-positively or negatively-depending on whether such investments are in or out of favor.

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 5/1/2024 are as follows: A Shares 10.24%, C Shares 10.99%, I Shares 9.99% and R6 Shares 9.98%.

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

Calamos Antetokounmpo Asset Management LLC ("CGAM"), an investment adviser registered with the SEC under the Investment Advisers Act of 1940, serves as the Fund's adviser ("Adviser"). CGAM is jointly owned by Calamos Advisors LLC and Original C Fund, LLC, an entity whose voting rights are wholly owned by Original PE, LLC which, in turn, is wholly owned by Giannis Sina Ugo Antetokounmpo.

Mr. Antetokounmpo serves on the Adviser's Board of Directors and has indirect control of half of the Adviser's Board.

Mr. Antetokounmpo is not a portfolio manager of the Fund and will not be involved in the day-to-day management of the Fund's investments, and neither Original C nor Mr. Antetokounmpo shall provide any "investment advice" to the Fund. Mr. Antetokounmpo provided input in selecting the initial strategy for the Fund.

Mr. Antetokounmpo will be involved with marketing efforts on behalf of the Adviser.

If Mr. Antetokounmpo is no longer involved with the Fund or the Adviser then "Antetokounmpo" will be removed from the name of the Fund and the Adviser. Further, shareholders would be notified of any change in the name of the Fund or its strategy.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Giannis Sina Ugo Antetokounmpo is the majority shareholder of Original C, with a 68% ownership interest.

Historical Sustainability Score as of 11/30/2024. Sustainability Rating as of 11/30/2024. Sustainalytics provides company-level analysis used in the calculation of Morningstar's Historical Sustainability Score. ©2025 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) 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. The Morningstar® Sustainability Rating is intended to measure how well the issuing companies of securities within a fund's portfolio are managing their environmental, social, and governance ("ESG") risks and opportunities relative to the fund's Morningstar category peers. The Morningstar Sustainability Rating calculation is a three-step process. First, each fund with at least 67% of assets covered by a company level ESG score from Sustainalytics receives a Morningstar® Portfolio Sustainability Score™, an asset weighted-average of normalized company level ESG scores with deductions made for controversial incidents by issuing companies, such as environmental accidents, fraud, or discriminatory behavior. Second, the Portfolio Sustainability Score is rescaled to reflect an exponential weighted moving average of scores over the past 12 months. Third, the Morningstar Sustainability Rating is then assigned to all scored funds within Morningstar Categories in which at least 30 funds received a Portfolio Sustainability Score and is determined by each fund's rank: High (highest 10%); Above Average (next 22.5%); Average (next 35%); Below Average (next 22.5%); Low (lowest 10%). The Morningstar Sustainability Rating is depicted by globe icons where High equals 5 globes and Low equals 1 globe. Past performance is no guarantee of future results.

Notes

Environmental, social and governance (ESG) is based on the premise of investing in companies that have good environmental records, are ethically run and have a positive social impact.

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.