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Fund Stats
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NAV
$8.56
$0.12 (1.42%)
-
Daily YTD Return
7.94%
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Total Net Assets
$2.4 Million
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Inception Date
3/31/22
Calamos International Small Cap Growth Mutual Fund Overview
The fund seeks long-term capital appreciation by investing in compelling international small capitalization companies with superior earnings growth potential coupled with financial strength and flexibility.
Key Features
- Provides access to an expansive opportunity set of small cap investments outside the United States, including businesses in emerging and frontier markets.
- Our long-tenured Investment team has experience managing portfolios across multiple market cycles.
Portfolio Fit
The fund can provide an attractive asset-allocation building block often under-represented in US investors' portfolios. By diversifying into this less correlated asset class, investors may be able to offset declines in the overall market and reduce their portfolio's volatility with the potential for significant equity upside.
Performance
Annualized Total Returns
| TimeFrame | Calamos International Small Cap Growth Fund (NAV) | Calamos International Small Cap Growth Fund Load-Adjusted | MSCI ACWI ex USA Small Cap Index (Net) |
|---|---|---|---|
| 3 Month | -3.23 | -7.8 | -1.7 |
| 1 Year | 6.45 | 1.36 | 19.01 |
| Since Inception (03/31/22) | -14.93 | -17.65 | -6.84 |
| TimeFrame | Calamos International Small Cap Growth Fund (NAV) | Calamos International Small Cap Growth Fund Load-Adjusted | MSCI ACWI ex USA Small Cap Index (Net) |
|---|---|---|---|
| 1 Month | -3.33 | -7.94 | -5.59 |
| 1 Year | -0.87 | -5.56 | 8.82 |
| Since Inception (03/31/22) | -16 | -18.55 | -9.82 |
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.
Index and Morningstar category data shown reflects full month periods only. If share class inception date is on or before the 15th of the month, the index or category calculation inception date begins on the first day of that month. If share class inception date is after the 15th of the month, the index or category calculation inception date begins on the first day of the following month.
The MSCI ACWI ex USA Small Cap Index (Net) captures small cap representation across 22 of 23 Developed Markets (DM) countries (excluding the US) and 25 Emerging Markets (EM) countries. Net return basis approximates the minimum possible reinvestment of regular cash distributions by deducting withholding tax based on the maximum rate of the company's country of incorporation applicable to institutional investors.
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 3/1/2023 are as follows: A Shares 11.28%, C Shares 12.03%, I Shares 11.03% and R6 Shares 11.03%.
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
| Sector | % of Assets | MSCI ACWI ex USA Small Cap Index (Net) |
|---|---|---|
| Industrials | 33.2% | 20.5% |
| Information Technology | 21.5% | 11.6% |
| Consumer Discretionary | 12.9% | 12.0% |
| Health Care | 8.8% | 7.0% |
| Energy | 6.1% | 4.5% |
| Real Estate | 5.2% | 8.9% |
| Financials | 5.1% | 10.9% |
| Materials | 3.6% | 11.4% |
| Consumer Staples | 2.4% | 6.3% |
| Communication Services | 0.0% | 3.8% |
| Utilities | 0.0% | 2.9% |
| Other | 0.2% | 0.0% |
Asset Allocation
| Asset Allocation | % |
|---|---|
| Common Stock | 98.8287 |
| Cash and Receivables/Payables | 0.9249 |
| Options | 0.2463 |
| Warrants | 0 |
| Other | 0 |
Top 10 Holdings
| Company | Industry | Country | % |
|---|---|---|---|
| Gerresheimer, AG | Life Sciences Tools & Services | Germany | 4.7% |
| DO & CO, AG | Diversified Support Services | Austria | 3.9% |
| Alchip Technologies, Ltd. | Semiconductors | Taiwan | 3.8% |
| Munters Group, AB | Building Products | Sweden | 3.7% |
| Stantec, Inc. | Construction & Engineering | Canada | 3.0% |
| Corp. Inmobiliaria Vesta SAB de CV | Real Estate Operating Companies | Mexico | 2.8% |
| Accton Technology Corp. | Communications Equipment | Taiwan | 2.8% |
| INFRONEER Holdings, Inc. | Construction & Engineering | Japan | 2.5% |
| ARC Resources, Ltd. | Oil & Gas Exploration & Production | Canada | 2.4% |
| KPIT Technologies, Ltd. | Systems Software | India | 2.4% |
| Total | 32.0% |
Fund Facts
| Name | Fund | MSCI ACWI ex USA Small Cap Index (Net) |
|---|---|---|
| Net Assets | $2.4 M | N/A |
| Number of Holdings | 62 | 4,409 |
| Debt/Capital | 30.9% | 28.8% |
| ROIC | 19.8% | 13.1% |
| Portfolio Turnover (12 months) | 111.9% | N/A |
| Price/Book | 2.7x | 1.2x |
| Price/Earnings | 21.5x | 12.5x |
| Price/Sales | 1.5x | 0.8x |
| PEG Ratio | 1.6x | 1.6x |
Market Capitalization
| Market CAP Range | % of Assets |
|---|---|
| <=$1bil | 7.7% |
| >$1bil<=$2bil | 12.8% |
| >$2bil<=$3bil | 15.3% |
| >$3bil<=$7bil | 38.4% |
| >$7bil | 25.7% |
Regional Weightings
| Region | % of Assets |
|---|---|
| Asia/Pacific | 51.3% |
| Europe | 32.5% |
| North America | 8.9% |
| Latin America | 5.3% |
| Middle East/Africa | 1.1% |
| Caribbean | 0.0% |
Top Country Exposures
| Country | % |
|---|---|
| Japan | 26.3% |
| India | 12.9% |
| United Kingdom | 9.9% |
| Canada | 7.4% |
| Taiwan | 6.5% |
| Sweden | 4.8% |
| Germany | 4.7% |
| Italy | 4.3% |
| Mexico | 4.1% |
| Austria | 3.9% |
Top Currency Exposures
| Currency | % |
|---|---|
| Japanese Yen (JPY) | 26.5% |
| Euro (EUR) | 16.7% |
| Indian Rupee (INR) | 11.5% |
| British Pound Sterling (GBP) | 7.6% |
| Canadian Dollar (CAD) | 7.4% |
| Taiwan Dollar (TWD) | 6.6% |
| United States Dollar (USD) | 6.5% |
| Swedish Krona (SEK) | 4.9% |
| Mexican Peso (MXN) | 2.8% |
| Hong Kong Dollar (HKD) | 2.1% |
Distributions
Total Capital Gains
| Year | Capital Gains |
|---|---|
| 2022 | 0.0000 |
Schedule
| Name | Frequency |
|---|---|
| Distributions | ANNUAL |
| Capital Gains | ANNUAL |
Calamos Mutual Funds Estimated 2023 Capital Gains
Preliminary capital gains distribution estimates for Calamos Mutual Funds were posted November 1, 2023. To view the report, click here.
2022 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2022. To view the report, click here.
Distributions
| Frequency | Income | Reinvest |
|---|---|---|
| Q4 2022 | $0.0460 | 7.96000 |
Fees & Expenses
Annual Expenses
| Name | A Shares | C Shares | I Shares | R6 Shares |
|---|---|---|---|---|
| Gross Expense Ratio | 11.28% | 12.03% | 11.03% | 11.03% |
| Net Expense Ratio | 1.36% | 2.11% | 1.11% | 1.11% |
Investment Information
| Name | A Shares | C Shares | I Shares | R6 Shares |
|---|---|---|---|---|
| Minimum initial investment | $2500 | $2500 | $1 million | $0 |
| Minimum subsequent investments | $50 | $50 | $0 | $0 |
| IRA initial investments | $500 | $500 | N/A | N/A |
Fund Information
| Name | A Shares | C Shares | I Shares | R6 Shares |
|---|---|---|---|---|
| Inception Date | 3/31/22 | 3/31/22 | 3/31/22 | 3/31/22 |
| Ticker Symbol | CAISX | CCISX | CSGIX | CISOX |
| CUSIP number | 128120250 | 128120243 | 128120235 | 128120227 |
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 | 5785 | 5786 | 5787 | 5788 |
| Dividends | ANNUAL | ANNUAL | ANNUAL | ANNUAL |
| Capital Gains | ANNUAL | ANNUAL | ANNUAL | ANNUAL |
The Fund's investment advisor has contractually agreed to reimburse Fund expenses through March 31, 2025 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 March 31, 2025 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, and extraordinary expenses, if any. Calamos Advisors LLC ("Calamos Advisors") 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 Calamos Advisors and any of its successors and assigns. This agreement is not terminable by either party.
Literature
About the Fund
Calamos International Small Cap Growth Fund Fact Sheet
In addition to share classes, tickers, expense ratios and essential fund info, the International Small Cap Growth Fund fact sheet highlights our long-tenured Investment team and the time-tested process they apply to identify compelling international small cap companies.
Japan, Global AI & an Uneven Covid Reopening
The Calamos Global Equity Team is optimistic about global equities. In this mid-year outlook, they discuss some of the themes and markets that support the global opportunity set.
Prospectus and Reports
Calamos International Small Cap Growth Fund Prospectus
This summary contains important information about the Class A, C, I, and R6 International Small Cap Growth Fund 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.
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.
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.