Calamos International Small Cap Growth Mutual Fund

Fund Stats

  • NAV


    $0.15 (1.89%)

    As of 9/21/23

  • Daily YTD Return


    As of 9/21/23

  • Total Net Assets

    $2.5 Million

    As of 6/30/23

  • Inception Date


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.


Annualized Total Returns

As of 6/30/23 As of 8/31/23
TimeFrame Calamos International Small Cap Growth Fund (NAV) MSCI ACWI ex USA Small Cap Index (Net)
3 Month -1.22 2.05
1 Year 2.09 10.93
Since Inception (03/31/22) -15.22 -6.9
TimeFrame Calamos International Small Cap Growth Fund (NAV) MSCI ACWI ex USA Small Cap Index (Net)
1 Year 3.6 10.01
Since Inception (03/31/22) -12.55 -4.68

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.


Sector Weightings

As of 6/30/23
Sector % of Assets MSCI ACWI ex USA Small Cap Index (Net)
Industrials 28.5% 20.9%
Information Technology 25.5% 11.8%
Consumer Discretionary 17.4% 11.9%
Health Care 6.7% 7.0%
Consumer Staples 5.1% 6.0%
Materials 4.4% 11.7%
Energy 3.4% 3.8%
Financials 3.3% 10.9%
Real Estate 2.9% 8.9%
Communication Services 0.0% 3.9%
Utilities 0.0% 3.3%
Other 0.1% 0.0%

Asset Allocation

As of 6/30/23
Asset Allocation %
Common Stock 97.2743
Cash and Receivables/Payables 2.6424
Options 0.0832
Warrants 0
Other 0

Top 10 Holdings

As of 6/30/23
Company Industry Country %
DO & CO, AG Diversified Support Services Austria 3.8%
Munters Group, AB Building Products Sweden 2.9%
Stantec, Inc. Construction & Engineering Canada 2.6%
Kinaxis, Inc. Application Software Canada 2.5%
On Holding, AG - Class A Footwear Switzerland 2.3%
SCREEN Holdings Company, Ltd. Semiconductor Materials & Equipment Japan 2.3%
KPIT Technologies, Ltd. Systems Software India 2.3%
Corp. Inmobiliaria Vesta SAB de CV Real Estate Operating Companies Mexico 2.2%
Cemex, SAB de CV Construction Materials Mexico 2.0%
Melrose Industries, PLC Aerospace & Defense United Kingdom 2.0%
Total 24.9%

Fund Facts

As of 6/30/23
Name Fund MSCI ACWI ex USA Small Cap Index (Net)
Net Assets $2.5 M N/A
Number of Holdings 70 4,393
Debt/Capital 30.8% 29.6%
ROIC 20.8% 13.1%
Portfolio Turnover (12 months) 105.0% N/A
Price/Book 3.0x 1.2x
Price/Earnings 21.0x 12.3x
Price/Sales 1.9x 0.8x
PEG Ratio 1.5x 1.6x

Market Capitalization

As of 6/30/23
Market CAP Range % of Assets
<=$1bil 5.3%
>$1bil<=$2bil 13.6%
>$2bil<=$3bil 13.3%
>$3bil<=$7bil 41.6%
>$7bil 26.3%

Regional Weightings

As of 6/30/23
Region % of Assets
Asia/Pacific 47.8%
Europe 33.8%
North America 8.5%
Latin America 6.1%
Middle East/Africa 1.1%
Caribbean 0.0%

Top Country Exposures

As of 6/30/23
Country %
Japan 23.5%
United Kingdom 7.7%
Canada 7.4%
India 6.7%
Italy 5.0%
Sweden 4.9%
Taiwan 4.7%
Mexico 4.3%
Austria 3.8%
Australia 3.3%

Top Currency Exposures

As of 6/30/23
Currency %
Japanese Yen (JPY) 24.1%
Euro (EUR) 18.4%
United States Dollar (USD) 8.7%
Canadian Dollar (CAD) 7.6%
Indian Rupee (INR) 6.9%
British Pound Sterling (GBP) 6.0%
Taiwan Dollar (TWD) 5.8%
Swedish Krona (SEK) 5.1%
Hong Kong Dollar (HKD) 3.9%
Australian Dollar (AUD) 3.3%


Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2022 0.0000


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.


Schedule: ANNUAL
Most Recent Distributions
Frequency Income Reinvest
Q4 2022 $0.0557 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
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

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.


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.

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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

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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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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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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 1-866-363-9219. 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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