CISOX

Calamos International Small Cap Growth Fund

Fund Stats

  • NAV

    $8.42

    $0.00 (0.00%)

    As of 1/25/23

  • Daily YTD Return

    6.18%

    As of 1/25/23

  • Total Net Assets

    $2.2 Million

    As of 12/31/22

  • Inception Date

    3/31/22

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 12/31/22 As of 12/31/22
TimeFrame Calamos International Small Cap Growth Fund (NAV) MSCI ACWI ex USA Small Cap Index (Net)
3 Month 8.21 13.31
6 Month 0.2 3.83
Since Inception -20.14 -14.39
TimeFrame Calamos International Small Cap Growth Fund (NAV) MSCI ACWI ex USA Small Cap Index (Net)
3 Month 8.21 13.31
6 Month 0.2 3.83
Since Inception -20.14 -14.39

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 3/1/2022 are as follows: A Shares 2.07%, C Shares 2.82%, I Shares 1.82% and R6 Shares 1.71%.

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 12/31/22
Sector % of Assets MSCI ACWI ex USA Small Cap Index (Net)
Industrials 24.0% 20.2%
Consumer Discretionary 15.2% 11.5%
Information Technology 13.5% 10.6%
Financials 8.3% 11.1%
Health Care 8.1% 7.2%
Energy 7.6% 4.2%
Consumer Staples 6.6% 6.3%
Communication Services 4.8% 3.7%
Materials 3.2% 11.6%
Real Estate 0.0% 9.9%
Utilities 0.0% 3.5%
Other 0.0% 0.1%

Asset Allocation

As of 12/31/22
Asset Allocation %
Common Stock 91.3413
Cash and Receivables/Payables 8.6587
Other 0

Top 10 Holdings

As of 12/31/22
Company Industry Country %
Bank of Ireland Group, PLC Diversified Banks Ireland 3.2%
Samsonite International, SA Apparel, Accessories & Luxury Goods United States 2.7%
Building Products Sweden 2.4%
Lectra Application Software France 2.1%
Stantec, Inc. Construction & Engineering Canada 2.1%
CES Energy Solutions Corp. Oil & Gas Equipment & Services Canada 2.1%
Ergomed, PLC Life Sciences Tools & Services United Kingdom 2.1%
DO & CO, AG Diversified Support Services Austria 2.1%
IPSOS Advertising France 2.0%
Beazley, PLC Property & Casualty Insurance United Kingdom 2.0%
Total 22.8%

Fund Facts

As of 12/31/22
Name Fund MSCI ACWI ex USA Small Cap Index (Net)
Number of Holdings 65 4,326
Debt/Capital 36.7% 29.8%
PEG Ratio 1.3x 1.5x
Portfolio Turnover (12 months) 104.6% N/A
Price/Book 2.5x 1.2x
Price/Earnings 15.3x 10.8x
Price/Sales 1.3x 0.8x
ROIC 17.6% 12.6%
Net Assets $2.2 M N/A

Market Capitalization

As of 12/31/22
Market CAP Range % of Assets
<=$1bil 7.6%
>$1bil<=$2bil 18.1%
>$2bil<=$3bil 13.1%
>$3bil<=$7bil 45.6%
>$7bil 15.7%

Regional Weightings

As of 12/31/22
Region % of Assets
Europe 44.2%
Asia/Pacific 29.6%
North America 11.1%
Latin America 4.6%
Middle East/Africa 1.8%
Caribbean 0.0%

Top Country Exposures

As of 12/31/22
Country %
Japan 16.6%
United Kingdom 12.2%
Canada 8.5%
France 6.9%
India 4.6%
Ireland 4.3%
Italy 4.0%
Australia 3.7%
Sweden 3.1%
Germany 3.1%

Top Currency Exposures

As of 12/31/22
Currency %
Euro (EUR) 26.8%
Japanese Yen (JPY) 18.1%
British Pound Sterling (GBP) 10.6%
Canadian Dollar (CAD) 9.3%
United States Dollar (USD) 7.9%
Hong Kong Dollar (HKD) 6.0%
Indian Rupee (INR) 5.1%
Australian Dollar (AUD) 4.1%
Swedish Krona (SEK) 3.4%
Brazilian Real (BRL) 3.2%

Distributions

Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2022 0.0000

Schedule

Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

2022 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2022. To view the report, click here.

Distributions

Schedule: ANNUAL
Most Recent Distributions
Frequency Income Reinvest
Q4 2022 $0.0558 7.96000

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares R6 Shares
Gross Expense Ratio 2.07% 2.82% 1.82% 1.71%
Net Expense Ratio 1.35% 2.10% 1.10% 0.99%

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

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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.

Prospectus and Reports

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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.

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Calamos International Small Cap Growth Fund 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.

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Calamos International Small Cap Growth Fund 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.

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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.

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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 1-800-582-6959. Read it carefully before investing.

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