CSGIX

Calamos International Small Cap Growth Fund

Fund Stats

  • NAV

    $8.42

    $0.03 (0.36%)

    As of 8/18/22

  • Total Net Assets

    $1.6 Million

    As of 6/30/22

  • 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 6/30/22 As of 7/31/22
TimeFrame Calamos International Small Cap Growth Fund (NAV) MSCI ACWI ex USA Small Cap Index (Net)
3 Month -20.3 -17.55
Since Inception -20.3 -17.55
TimeFrame Calamos International Small Cap Growth Fund (NAV) MSCI ACWI ex USA Small Cap Index (Net)
1 Month 4.52 5.78
Since Inception -16.7 -12.78

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 MSCI ACWI ex USA Small Cap Index captures small cap representation across 22 of 23 Developed Markets (DM) countries (excluding the US) and 25 Emerging Markets (EM) countries.

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 3/30/2022 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 6/30/22
Sector % of Assets MSCI ACWI ex USA Small Cap Index (Net)
Industrials 22.2% 19.6%
Information Technology 12.2% 11.1%
Consumer Discretionary 11.9% 11.4%
Financials 8.8% 10.9%
Materials 8.1% 11.4%
Energy 7.4% 3.9%
Health Care 6.7% 7.0%
Consumer Staples 5.2% 6.3%
Communication Services 3.1% 3.9%
Real Estate 1.2% 10.7%
Utilities 0.0% 3.6%
Other 2.0% 0.2%

Asset Allocation

As of 6/30/22
Asset Allocation %
Common Stock 86.7892
Cash and Receivables/Payables 11.2233
Other 1.9875

Top 10 Holdings

As of 6/30/22
Company Industry Country %
Rheinmetall, AG Aerospace & Defense Germany 2.8%
DO & CO, AG Diversified Support Services Austria 2.2%
Bank of Ireland Group, PLC Diversified Banks Ireland 2.2%
Royal Unibrew, A/S Brewers Denmark 2.1%
Airtac International Group Industrial Machinery China 2.1%
Lectra Application Software France 2.0%
ARC Resources, Ltd. Oil & Gas Exploration & Production Canada 2.0%
iShares MSCI India Small-Cap ETF Other United States 2.0%
E Ink Holdings, Inc. Electronic Components Taiwan 2.0%
Samsonite International, SA Apparel, Accessories & Luxury Goods United States 2.0%
Total 21.4%

Fund Facts

As of 6/30/22
Name Fund MSCI ACWI ex USA Small Cap Index (Net)
Number of Holdings 61 4,411
Debt/Capital 34.0% 30.3%
PEG Ratio 1.1x 1.5x
Portfolio Turnover (12 months) 81.7% N/A
Price/Book 2.0x 1.2x
Price/Earnings 13.2x 11.0x
Price/Sales 1.3x 0.8x
ROIC 16.9% 12.8%
Net Assets $1.6 M N/A

Market Capitalization

As of 6/30/22
Market CAP Range % of Assets
<=$1bil 8.5%
>$1bil<=$2bil 18.7%
>$2bil<=$3bil 7.8%
>$3bil<=$7bil 42.9%
>$7bil 22.0%

Regional Weightings

As of 6/30/22
Region % of Assets
Europe 37.3%
Asia/Pacific 31.8%
North America 12.2%
Latin America 4.2%
Middle East/Africa 3.3%
Caribbean 0.0%

Top Country Exposures

As of 6/30/22
Country %
Japan 12.4%
Canada 8.3%
United Kingdom 7.8%
Australia 6.6%
Germany 5.7%
China 3.9%
France 3.9%
United States 3.9%
Netherlands 3.3%
Italy 3.0%

Top Currency Exposures

As of 6/30/22
Currency %
Euro (EUR) 27.8%
Japanese Yen (JPY) 14.0%
British Pound Sterling (GBP) 8.8%
United States Dollar (USD) 8.5%
Canadian Dollar (CAD) 8.1%
Australian Dollar (AUD) 7.5%
Hong Kong Dollar (HKD) 6.5%
Taiwan Dollar (TWD) 4.5%
South Korean WON (KRW) 3.0%
Thai Bahat (THB) 2.8%

Distributions

Schedule

Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

2021 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 20, 2021. To view the report, click here.

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

PDF Thumb

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

PDF Thumb

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.

PDF Thumb

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.

PDF Thumb

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.