CCISX

Calamos International Small Cap Growth Mutual Fund

Fund Stats

  • NAV

    $9.37

    $0.17 (1.78%)

    As of 4/16/24

  • Daily YTD Return

    5.76%

    As of 4/16/24

  • Total Net Assets

    $3.8 Million

    As of 3/31/24

  • 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

As of 3/31/24 As of 3/31/24
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 9.59 8.59 2.11
1 Year 19.73 18.73 12.8
Since Inception (03/31/22) -1.22 -1.22 0.55
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 9.59 8.59 2.11
1 Year 19.73 18.73 12.8
Since Inception (03/31/22) -1.22 -1.22 0.55

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 3/1/2024 are as follows: A Shares 9.05%, C Shares 9.80%, I Shares 8.80% and R6 Shares 8.79%.

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 3/31/24
Sector % of Assets MSCI ACWI ex USA Small Cap Index (Net)
Industrials 34.8% 21.1%
Information Technology 19.2% 11.8%
Consumer Discretionary 10.9% 11.9%
Communication Services 7.0% 3.7%
Financials 5.8% 11.4%
Real Estate 5.6% 8.9%
Health Care 4.6% 6.7%
Materials 4.3% 11.3%
Consumer Staples 4.1% 6.2%
Energy 1.9% 4.1%
Utilities 0.0% 2.9%
Other 0.0% 0.0%

Asset Allocation

As of 3/31/24
Asset Allocation %
Common Stock 98.1999
Cash and Receivables/Payables 1.7572
Options 0.0429
Other 0

Top 10 Holdings

As of 3/31/24
Company Industry Country %
Munters Group, AB Building Products Sweden 4.2%
Melrose Industries, PLC Aerospace & Defense United Kingdom 4.1%
DO & Company, AG Diversified Support Services Austria 4.0%
MakeMyTrip, Ltd. Hotels, Resorts & Cruise Lines India 3.7%
Towa Corp. Semiconductor Materials & Equipment Japan 3.1%
Ashtead Technology Holdings, PLC Trading Companies & Distributors United Kingdom 2.9%
Ypsomed Holding, AG Health Care Supplies Switzerland 2.9%
Hemnet Group, AB Interactive Media & Services Sweden 2.8%
Sumitomo Bakelite Company, Ltd. Specialty Chemicals Japan 2.7%
Nemetschek, SE Application Software Germany 2.5%
Total 32.9%

Fund Facts

As of 3/31/24
Name Fund MSCI ACWI ex USA Small Cap Index (Net)
Net Assets $3.8 M N/A
Number of Holdings 60 4,415
Debt/Capital 24.0% 28.4%
ROIC 19.1% 13.3%
Portfolio Turnover (12 months) 115.4% N/A
Price/Book 3.4x 1.2x
Price/Earnings 32.6x 14.2x
Price/Sales 1.9x 0.8x
PEG Ratio 2.0x 1.7x

Market Capitalization

As of 3/31/24
Market CAP Range % of Assets
<=$1bil 4.6%
>$1bil<=$2bil 16.2%
>$2bil<=$3bil 7.9%
>$3bil<=$7bil 35.6%
>$7bil 35.6%

Regional Weightings

As of 3/31/24
Region % of Assets
Asia/Pacific 50.7%
Europe 42.8%
North America 2.9%
Latin America 1.9%
Caribbean 0.0%
Middle East/Africa 0.0%

Top Country Exposures

As of 3/31/24
Country %
Japan 21.8%
India 16.1%
United Kingdom 13.9%
Sweden 8.2%
South Korea 6.0%
Germany 5.3%
Italy 4.7%
Austria 4.0%
Switzerland 2.9%
Canada 2.9%

Top Currency Exposures

As of 3/31/24
Currency %
Japanese Yen (JPY) 22.2%
Euro (EUR) 17.6%
Indian Rupee (INR) 12.6%
British Pound Sterling (GBP) 11.4%
Swedish Krona (SEK) 8.4%
United States Dollar (USD) 7.8%
South Korean WON (KRW) 6.1%
Swiss Franc (CHF) 2.9%
Canadian Dollar (CAD) 2.9%
Taiwan Dollar (TWD) 2.2%

Distributions

Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2022 0.0000
2023 0.0000

Schedule

Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

2023 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2023. To view the report, click here.

Distributions

Schedule: ANNUAL
Most Recent Distributions
Frequency Income Reinvest
Q4 2023 $0.0000 8.73000
Q4 2022 $0.0388 7.92000

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares R6 Shares
Gross Expense Ratio 9.05% 9.80% 8.80% 8.79%
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 $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.

Identifying Global Growth Opportunities Through a Thematic Lens

Secular themes are long-term trends that can drive growth for years, even decades, within or across industries or sectors. Our Calamos Global Equity Investment Team explains why thematic considerations are a pillar of its global growth investing approach.

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.

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.

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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.

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