Calamos Global Opportunities Fund (CVLCX)

Choose a class

Overview

The fund invests primarily in global equity and convertible securities in an attempt to balance risk and reward while providing growth and income.

Key Features

  • Combining equity and convertible holdings, aiming to limit downside risk while potentially capturing upside equity participation
  • Provide a core holding option that aims to maintain a consistent risk posture throughout the market cycle
  • Seeks to participate in the upside movements of the global equity market while lessening the damage of down periods
  • Takes environmental, social and governance (ESG) factors into account, evaluating whether they impact a company's cash flow, risk profile and long-term returns

Portfolio Fit

The fund can provide a long-term core allocation to global equities with the potential for lower volatility over market cycles.

Return on Invested Capital

As of 9/30/21
Name Gain
Fund 19.246
MSCI ACWI Index 20.3017

Debt/Capital

As of 9/30/21
Name Gain
Fund 40.4478
MSCI ACWI Index 41.4419

Important Fund Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

The principal risks of investing in the Calamos Global Opportunities Fund include: convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk consisting of fluctuations inconsistent with a convertible security and the risk of components expiring worthless, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk, forward foreign currency contract risk, portfolio selection risk, and liquidity risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The Calamos Global Opportunities Fund was formerly named the Calamos Global Growth and Income Fund. This name change was effective April 1, 2021.

Notes

Debt/Capital Ratio-Is a measure of a company's financial leverage, calculated as the company's debt divided by its total capital.

ROIC (Return On Invested Capital)-Measures how effectively a company uses the money invested in its operations, calculated as a company's net income minus any dividends divided by the company's total capital.

The MSCI ACWI Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets and emerging markets.

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 funds' gross expense ratios as of the prospectus dated 4/1/2021 are as follows: A Shares 1.53%, C Shares 2.28% and I Shares 1.28%.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Morningstar World Allocation Category funds seek to provide both capital appreciation and income by investing in three major areas: stocks, bonds, and cash. While these portfolios do explore the whole world, most of them focus on the U.S., Canada, Japan, and the larger markets in Europe. It is rare for such portfolios to invest more than 10% of their assets in emerging markets.

Morningstar RatingsTM are based on risk-adjusted returns and are through 9/30/21 for the share class listed and will differ for other share classes. Morningstar ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly historical performance (reflecting sales charges), placing more emphasis on downward variations and rewarding consistent performance. Within each asset class, the top 10%, the next 22.5%, 35%, 22.5%, and the bottom 10% receive 5, 4, 3, 2 or 1 star, respectively. Each fund is rated exclusively against U.S. domiciled funds. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Source: ©2021 Morningstar, Inc.

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.

Fund Details

As of 10/20/21
Inception Date: 9/24/96
Current NAV: $10.77
$ Change: $0.01
% Change: 0.09%
Total Net Assets (As of 9/30/21): $260.1 M
Morningstar Category: World Allocation

Morningstar Rating

Morningstar Overall RatingTM Among 417 World Allocation funds. The Fund's risk-adjusted returns based on load-waived Class C Shares had 5 stars for 3 years, 5 stars for 5 years and 3 stars for 10 years out of 417, 361 and 243 World Allocation Funds, respectively, for the period ended 9/30/2021.

Zephyr Analysis

Zephyr Analysis

key.jpg Create real time reports on performance, risk analysis, peer group analysis, style attribution and more on the Calamos Investment Professional site.

Resources

Calendar Year Total Returns

As of 9/30/21
Date Calamos Global Opportunities Fund (NAV) Calamos Global Opportunities Fund Load-Adjusted MSCI ACWI Index MSCI World Index
YTD 2021 8.55 7.55 11.49 13.43
2020 30.71 29.71 16.82 16.5
2019 17.36 16.36 27.3 28.4
2018 -10.41 -11.2 -8.93 -8.2
2017 19.06 18.06 24.62 23.07
2016 -0.06 -1.05 8.48 8.15
2015 -0.03 -1.02 -1.84 -0.32
2014 1.1 0.27 4.71 5.5
2013 12.06 11.13 23.44 27.37
2012 6.24 5.24 16.8 16.54

Growth of 10K

As of 9/30/21
Date Calamos Global Opportunities Fund MSCI ACWI Index
9/24/1996 12:00:00 AM 10000 10000
9/30/1996 12:00:00 AM 10080 10000
10/31/1996 12:00:00 AM 10080 10040
11/30/1996 12:00:00 AM 10660 10576.74
12/31/1996 12:00:00 AM 10542.3 10423.59
1/31/1997 12:00:00 AM 10862.98 10598.5
2/28/1997 12:00:00 AM 10842.93 10742.95
3/31/1997 12:00:00 AM 10762.76 10528.09
4/30/1997 12:00:00 AM 11103.48 10866.26
5/31/1997 12:00:00 AM 11564.46 11514.65
6/30/1997 12:00:00 AM 12149.81 12103.85
7/31/1997 12:00:00 AM 12972.14 12651.19
8/31/1997 12:00:00 AM 12273.16 11763.58
9/30/1997 12:00:00 AM 12807.67 12390.93
10/31/1997 12:00:00 AM 12005.91 11653.17
11/30/1997 12:00:00 AM 12108.7 11831.47
12/31/1997 12:00:00 AM 12405.2 11986.81
1/31/1998 12:00:00 AM 12468.28 12250.64
2/28/1998 12:00:00 AM 12972.89 13088.71
3/31/1998 12:00:00 AM 13969.82 13647.21
4/30/1998 12:00:00 AM 13927.04 13775.08
5/31/1998 12:00:00 AM 14055.4 13513.77
6/30/1998 12:00:00 AM 14442.76 13757.29
7/31/1998 12:00:00 AM 14421.2 13761.83
8/31/1998 12:00:00 AM 12653.58 11833.79
9/30/1998 12:00:00 AM 12715.86 12069.17
10/31/1998 12:00:00 AM 13129.57 13171.45
11/30/1998 12:00:00 AM 13761 13971.08
12/31/1998 12:00:00 AM 14080.84 14619.9
1/31/1999 12:00:00 AM 14325.54 14918.73
2/28/1999 12:00:00 AM 14192.07 14543.82
3/31/1999 12:00:00 AM 14614.72 15198.01
4/30/1999 12:00:00 AM 15193.08 15854.56
5/31/1999 12:00:00 AM 14948.38 15294.26
6/30/1999 12:00:00 AM 15582.36 16055.76
7/31/1999 12:00:00 AM 15649.42 15990.09
8/31/1999 12:00:00 AM 15805.92 15970.9
9/30/1999 12:00:00 AM 15604.71 15798.74
10/31/1999 12:00:00 AM 16208.33 16598.94
11/30/1999 12:00:00 AM 17683.85 17114.67
12/31/1999 12:00:00 AM 20590.72 18540.5
1/31/2000 12:00:00 AM 19478.32 17540.42
2/29/2000 12:00:00 AM 20863.15 17600.06
3/31/2000 12:00:00 AM 20749.64 18757.09
4/30/2000 12:00:00 AM 20204.79 17915.64
5/31/2000 12:00:00 AM 19410.22 17450.73
6/30/2000 12:00:00 AM 20538.42 18042.31
7/31/2000 12:00:00 AM 20015.29 17512.41
8/31/2000 12:00:00 AM 21129.78 18056.87
9/30/2000 12:00:00 AM 20527.06 17065.19
10/31/2000 12:00:00 AM 19798.82 16731.22
11/30/2000 12:00:00 AM 18776.34 15694.72
12/31/2000 12:00:00 AM 19606.95 15956.82
1/31/2001 12:00:00 AM 19581.21 16360.21
2/28/2001 12:00:00 AM 18989.4 14983.66
3/31/2001 12:00:00 AM 18588.59 13974.96
4/30/2001 12:00:00 AM 19131.52 14992.9
5/31/2001 12:00:00 AM 19028.1 14825.73
6/30/2001 12:00:00 AM 18669.19 14371.47
7/31/2001 12:00:00 AM 18513.39 14144.98
8/31/2001 12:00:00 AM 18175.84 13494.87
9/30/2001 12:00:00 AM 17347.8 12262.12
10/31/2001 12:00:00 AM 17425.83 12522.69
11/30/2001 12:00:00 AM 17863.08 13292.83
12/31/2001 12:00:00 AM 18098.12 13417.38
1/31/2002 12:00:00 AM 18202.58 13049.75
2/28/2002 12:00:00 AM 18072 12953.83
3/31/2002 12:00:00 AM 18532.16 13538.83
4/30/2002 12:00:00 AM 18798.81 13110.05
5/31/2002 12:00:00 AM 18665.49 13128.54
6/30/2002 12:00:00 AM 17899.51 12327.3
7/31/2002 12:00:00 AM 17043.33 11293.54
8/31/2002 12:00:00 AM 17150.35 11322.79
9/30/2002 12:00:00 AM 16401.2 10080.9
10/31/2002 12:00:00 AM 16695.51 10823.26
11/30/2002 12:00:00 AM 17364.4 11415.29
12/31/2002 12:00:00 AM 16989.82 10871.01
1/31/2003 12:00:00 AM 16936.31 10553.69
2/28/2003 12:00:00 AM 16775.77 10368.68
3/31/2003 12:00:00 AM 16802.53 10329.49
4/30/2003 12:00:00 AM 17685.46 11251.91
5/31/2003 12:00:00 AM 18407.87 11906.66
6/30/2003 12:00:00 AM 18725.71 12135.27
7/31/2003 12:00:00 AM 18966.81 12404.55
8/31/2003 12:00:00 AM 19368.65 12699.03
9/30/2003 12:00:00 AM 19073.97 12780.18
10/31/2003 12:00:00 AM 20038.38 13555.43
11/30/2003 12:00:00 AM 20279.48 13763.09
12/31/2003 12:00:00 AM 20681.32 14635.81
1/31/2004 12:00:00 AM 21217.11 14886.52
2/29/2004 12:00:00 AM 21618.95 15161.18
3/31/2004 12:00:00 AM 21377.85 15080.37
4/30/2004 12:00:00 AM 20922.43 14734.28
5/31/2004 12:00:00 AM 21083.16 14858.63
6/30/2004 12:00:00 AM 21377.85 15158.93
7/31/2004 12:00:00 AM 20922.43 14678.09
8/31/2004 12:00:00 AM 20761.69 14773.35
9/30/2004 12:00:00 AM 21109.95 15084.62
10/31/2004 12:00:00 AM 21109.95 15456.91
11/30/2004 12:00:00 AM 21761.69 16305.96
12/31/2004 12:00:00 AM 22270.89 16941.56
1/31/2005 12:00:00 AM 21842.09 16585.79
2/28/2005 12:00:00 AM 22378.09 17168.12
3/31/2005 12:00:00 AM 21842.09 16796.77
4/30/2005 12:00:00 AM 21225.69 16437.49
5/31/2005 12:00:00 AM 22002.89 16756.7
6/30/2005 12:00:00 AM 22565.69 16933.49
7/31/2005 12:00:00 AM 23316.1 17564.09
8/31/2005 12:00:00 AM 23718.1 17705.66
9/30/2005 12:00:00 AM 24870.5 18243.38
10/31/2005 12:00:00 AM 24468.5 17755.37
11/30/2005 12:00:00 AM 25464.77 18411.07
12/31/2005 12:00:00 AM 26332.89 18868.4
1/31/2006 12:00:00 AM 27474.17 19801.45
2/28/2006 12:00:00 AM 27251.48 19780.46
3/31/2006 12:00:00 AM 27808.2 20205.14
4/30/2006 12:00:00 AM 28384.29 20887.88
5/31/2006 12:00:00 AM 27177.05 20082.02
6/30/2006 12:00:00 AM 27177.05 20081.42
7/31/2006 12:00:00 AM 27373.57 20223.39
8/31/2006 12:00:00 AM 27878.93 20757.9
9/30/2006 12:00:00 AM 28187.76 21005.54
10/31/2006 12:00:00 AM 28833.5 21797.45
11/30/2006 12:00:00 AM 29476.2 22424.34
12/31/2006 12:00:00 AM 30287.6 22930.46
1/31/2007 12:00:00 AM 30751.78 23163.66
2/28/2007 12:00:00 AM 30171.55 23050.86
3/31/2007 12:00:00 AM 30548.7 23523.17
4/30/2007 12:00:00 AM 31390.02 24577.95
5/31/2007 12:00:00 AM 32231.34 25333.72
6/30/2007 12:00:00 AM 32260.35 25268.36
7/31/2007 12:00:00 AM 32289.37 24888.32
8/31/2007 12:00:00 AM 32550.47 24830.08
9/30/2007 12:00:00 AM 34204.1 26170.91
10/31/2007 12:00:00 AM 36118.83 27197.33
11/30/2007 12:00:00 AM 34563.89 26006.09
12/31/2007 12:00:00 AM 34280.07 25724.96
1/31/2008 12:00:00 AM 31652.65 23624.01
2/29/2008 12:00:00 AM 31312.63 23701.96
3/31/2008 12:00:00 AM 30447.13 23364.69
4/30/2008 12:00:00 AM 31714.47 24685.26
5/31/2008 12:00:00 AM 32178.13 25098.98
6/30/2008 12:00:00 AM 29798 23046.39
7/31/2008 12:00:00 AM 29457.98 22455.25
8/31/2008 12:00:00 AM 29303.43 21980.99
9/30/2008 12:00:00 AM 26088.71 19242.6
10/31/2008 12:00:00 AM 21823.02 15434.3
11/30/2008 12:00:00 AM 21297.53 14430.14
12/31/2008 12:00:00 AM 22277.7 14960.31
1/31/2009 12:00:00 AM 21417.19 13686.73
2/28/2009 12:00:00 AM 20461.07 12355.15
3/31/2009 12:00:00 AM 21990.87 13379.64
4/30/2009 12:00:00 AM 23743.76 14971.28
5/31/2009 12:00:00 AM 25337.3 16480.84
6/30/2009 12:00:00 AM 25050.46 16394.97
7/31/2009 12:00:00 AM 26389.04 17843.96
8/31/2009 12:00:00 AM 26835.23 18489.56
9/30/2009 12:00:00 AM 28333.16 19343.77
10/31/2009 12:00:00 AM 27982.58 19048.78
11/30/2009 12:00:00 AM 28620 19840.64
12/31/2009 12:00:00 AM 29098.06 20257.29
1/31/2010 12:00:00 AM 28141.93 19385.82
2/28/2010 12:00:00 AM 28779.35 19639.97
3/31/2010 12:00:00 AM 29913.69 20913.03
4/30/2010 12:00:00 AM 29881.73 20959.04
5/31/2010 12:00:00 AM 28731.2 18990.36
6/30/2010 12:00:00 AM 28661.8 18411.91
7/31/2010 12:00:00 AM 29375.1 19915.98
8/31/2010 12:00:00 AM 29212.99 19227.69
9/30/2010 12:00:00 AM 30931.4 21073.93
10/31/2010 12:00:00 AM 31288.05 21839.76
11/30/2010 12:00:00 AM 31450.16 21362.78
12/31/2010 12:00:00 AM 33103.73 22933.58
1/31/2011 12:00:00 AM 33201 23298.68
2/28/2011 12:00:00 AM 34595.18 23986.69
3/31/2011 12:00:00 AM 34562.76 23972.78
4/30/2011 12:00:00 AM 35470.6 24967.41
5/31/2011 12:00:00 AM 34724.87 24454.08
6/30/2011 12:00:00 AM 33979.15 24078.22
7/31/2011 12:00:00 AM 33817.03 23693.93
8/31/2011 12:00:00 AM 33006.46 21972.81
9/30/2011 12:00:00 AM 30931.4 19906.26
10/31/2011 12:00:00 AM 32909.19 22044.4
11/30/2011 12:00:00 AM 32974.04 21395.41
12/31/2011 12:00:00 AM 32033.78 21359.46
1/31/2012 12:00:00 AM 33363.11 22607.5
2/29/2012 12:00:00 AM 34400.64 23756.41
3/31/2012 12:00:00 AM 34262.13 23925.79
4/30/2012 12:00:00 AM 33672.53 23667.63
5/31/2012 12:00:00 AM 31838.23 21566.9
6/30/2012 12:00:00 AM 32380.9 22642.87
7/31/2012 12:00:00 AM 32939.19 22960.32
8/31/2012 12:00:00 AM 33431.8 23471.19
9/30/2012 12:00:00 AM 34055.77 24220.15
10/31/2012 12:00:00 AM 33661.69 24064.9
11/30/2012 12:00:00 AM 34088.62 24384.24
12/31/2012 12:00:00 AM 34033.72 24948.49
1/31/2013 12:00:00 AM 34910.71 26104.86
2/28/2013 12:00:00 AM 34809.51 26112.69
3/31/2013 12:00:00 AM 35315.47 26602.56
4/30/2013 12:00:00 AM 35484.12 27380.45
5/31/2013 12:00:00 AM 35349.2 27328.37
6/30/2013 12:00:00 AM 34337.29 26540.71
7/31/2013 12:00:00 AM 35787.69 27819.79
8/31/2013 12:00:00 AM 35113.09 27252.27
9/30/2013 12:00:00 AM 36428.56 28670.47
10/31/2013 12:00:00 AM 37305.55 29829.33
11/30/2013 12:00:00 AM 37575.39 30264.54
12/31/2013 12:00:00 AM 38137.56 30797.2
1/31/2014 12:00:00 AM 37157.58 29572.09
2/28/2014 12:00:00 AM 39280.87 31015.5
3/31/2014 12:00:00 AM 38668.38 31169.96
4/30/2014 12:00:00 AM 38382.55 31483.22
5/31/2014 12:00:00 AM 39240.03 32180.25
6/30/2014 12:00:00 AM 40056.68 32800.05
7/31/2014 12:00:00 AM 38913.37 32411.69
8/31/2014 12:00:00 AM 39730.02 33140.96
9/30/2014 12:00:00 AM 38586.71 32079.12
10/31/2014 12:00:00 AM 38790.88 32312.34
11/30/2014 12:00:00 AM 39280.87 32866.82
12/31/2014 12:00:00 AM 38555.48 32246.29
1/31/2015 12:00:00 AM 38206.33 31749.37
2/28/2015 12:00:00 AM 40101.69 33531.47
3/31/2015 12:00:00 AM 39802.42 33031.85
4/30/2015 12:00:00 AM 40450.83 34006.62
5/31/2015 12:00:00 AM 40151.56 33988.59
6/30/2015 12:00:00 AM 39503.15 33203.46
7/31/2015 12:00:00 AM 39652.79 33503.95
8/31/2015 12:00:00 AM 37857.19 31220.66
9/30/2015 12:00:00 AM 37009.27 30103.27
10/31/2015 12:00:00 AM 39253.77 32473.9
11/30/2015 12:00:00 AM 39154.01 32220.28
12/31/2015 12:00:00 AM 38543.51 31652.88
1/31/2016 12:00:00 AM 36419.07 29751.17
2/29/2016 12:00:00 AM 35710.92 29563.15
3/31/2016 12:00:00 AM 37683.62 31774.47
4/30/2016 12:00:00 AM 37885.95 32262.21
5/31/2016 12:00:00 AM 38189.44 32330.28
6/30/2016 12:00:00 AM 37987.11 32151.5
7/31/2016 12:00:00 AM 39352.83 33546.87
8/31/2016 12:00:00 AM 39150.5 33676.03
9/30/2016 12:00:00 AM 39555.16 33896.94
10/31/2016 12:00:00 AM 38695.26 33329.85
11/30/2016 12:00:00 AM 38189.44 33599.48
12/31/2016 12:00:00 AM 38522.19 34338.67
1/31/2017 12:00:00 AM 39337.48 35285.05
2/28/2017 12:00:00 AM 39948.94 36290.67
3/31/2017 12:00:00 AM 40407.54 36758.82
4/30/2017 12:00:00 AM 41273.78 37348.8
5/31/2017 12:00:00 AM 41834.28 38206.7
6/30/2017 12:00:00 AM 42038.11 38396.21
7/31/2017 12:00:00 AM 43210.08 39483.2
8/31/2017 12:00:00 AM 43362.94 39653.77
9/30/2017 12:00:00 AM 43821.54 40434.55
10/31/2017 12:00:00 AM 45044.47 41283.68
11/30/2017 12:00:00 AM 45655.93 42101.92
12/31/2017 12:00:00 AM 45865.1 42794.92
1/31/2018 12:00:00 AM 48531.04 45217.97
2/28/2018 12:00:00 AM 46790.02 43336.45
3/31/2018 12:00:00 AM 46082.73 42434.62
4/30/2018 12:00:00 AM 45919.51 42863.63
5/31/2018 12:00:00 AM 46300.36 42954.07
6/30/2018 12:00:00 AM 45810.69 42738.44
7/31/2018 12:00:00 AM 46191.54 44041.11
8/31/2018 12:00:00 AM 46898.83 44407.09
9/30/2018 12:00:00 AM 46626.8 44618.47
10/31/2018 12:00:00 AM 43416.79 41284.58
11/30/2018 12:00:00 AM 43688.82 41907.97
12/31/2018 12:00:00 AM 41089.79 38972.74
1/31/2019 12:00:00 AM 43681.04 42062.11
2/28/2019 12:00:00 AM 44421.39 43206.2
3/31/2019 12:00:00 AM 44914.96 43776.52
4/30/2019 12:00:00 AM 46395.68 45277.62
5/31/2019 12:00:00 AM 44483.09 42629.33
6/30/2019 12:00:00 AM 46457.37 45440.73
7/31/2019 12:00:00 AM 46457.37 45589.32
8/31/2019 12:00:00 AM 45839.49 44528.46
9/30/2019 12:00:00 AM 45344.42 45485.82
10/31/2019 12:00:00 AM 45961.1 46742.6
11/30/2019 12:00:00 AM 47192.86 47903.68
12/31/2019 12:00:00 AM 48216.95 49610.49
1/31/2020 12:00:00 AM 48091.59 49075.19
2/29/2020 12:00:00 AM 45533.12 45130.53
3/31/2020 12:00:00 AM 40046.38 39064.99
4/30/2020 12:00:00 AM 44599.65 43269.55
5/31/2020 12:00:00 AM 47342.53 45177.74
6/30/2020 12:00:00 AM 49775.94 46641.04
7/31/2020 12:00:00 AM 52956.62 49126.55
8/31/2020 12:00:00 AM 56822.45 52151.76
9/30/2020 12:00:00 AM 55634.86 50489.68
10/31/2020 12:00:00 AM 54327.44 49274.4
11/30/2020 12:00:00 AM 60129.61 55366.19
12/31/2020 12:00:00 AM 63021.84 57957.33
1/31/2021 12:00:00 AM 63551.22 57707.53
2/28/2021 12:00:00 AM 65877.19 59061.35
3/31/2021 12:00:00 AM 65277.71 60670.18
4/30/2021 12:00:00 AM 67803.96 63348.16
5/31/2021 12:00:00 AM 68136.2 64368.07
6/30/2021 12:00:00 AM 68204.34 65237.68
7/31/2021 12:00:00 AM 68804.54 65706.09
8/31/2021 12:00:00 AM 71130.13 67371.08
9/30/2021 12:00:00 AM 68398.73 64616.95

Annualized Total Returns

As of 9/30/21
TimeFrame Calamos Global Opportunities Fund (NAV) Calamos Global Opportunities Fund Load-Adjusted MSCI ACWI Index MSCI World Index
1 Year 22.96 21.96 27.98 29.39
3 Year 13.64 13.64 13.14 13.72
5 Year 11.58 11.58 13.77 14.34
10 Year 8.26 8.26 12.5 13.3
Since Inception 7.99 7.99 7.75 7.92

Important Fund Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

The principal risks of investing in the Calamos Global Opportunities Fund include: convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk consisting of fluctuations inconsistent with a convertible security and the risk of components expiring worthless, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk, forward foreign currency contract risk, portfolio selection risk, and liquidity risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The Calamos Global Opportunities Fund was formerly named the Calamos Global Growth and Income Fund. This name change was effective April 1, 2021.

10k Performance is for the Fund's Class C shares at net asset value and does not include the Fund's maximum level-load sales charge of 1.00%. Had it been included, the Fund's return would have been lower. Results are before taxes on fund distributions and assume reinvestment of dividends and capital gains. Index data shown is from 9/30/96, since comparative index data is available only for full monthly periods. Source: Calamos Investments

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 World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets.

The MSCI ACWI Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets and emerging markets.

Unmanaged index returns assume reinvestment of any and all distributions and, 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.

Index data shown is from the first day of the month of the fund's Class A shares inception and last day of the month of the fund's Class I shares inception, since comparative index data is available only for full monthly periods.

The funds' gross expense ratios as of the prospectus dated 4/1/2021 are as follows: A Shares 1.53%, C Shares 2.28% and I Shares 1.28%.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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.

Sector Weightings

As of 9/30/21
Sector % of Assets MSCI ACWI Index
Information Technology 24.1% 22.3%
Financials 13.9% 14.4%
Consumer Discretionary 13.2% 12.4%
Industrials 10.9% 9.7%
Health Care 10.9% 11.7%
Communication Services 10.3% 9.3%
Consumer Staples 4.6% 6.8%
Materials 3.7% 4.7%
Energy 2.4% 3.5%
Utilities 1.2% 2.6%
Real Estate 0.5% 2.6%
Other 0.5% 0.0%

Asset Allocation

As of 9/30/21
Asset Allocation %
Common Stock 65.1084
Convertibles 28.5735
Cash and Receivables/Payables 3.7457
Options 2.5724

Month-End Yield

As of 9/30/21
Name %
30-day SEC yield -1.00%
Unsubsidized 30-day SEC yield -1.25%
Distribution Yield 6.11%

Top 10 Holdings

As of 9/30/21
Company Security Type Industry %
Alcon, Inc. Stocks Health Care Supplies 3.3%
ASML Holding, NV Stocks Semiconductor Equipment 3.1%
Microsoft Corp. Stocks Systems Software 3.0%
Taiwan Semiconductor Mfg Stocks Semiconductors 3.0%
Apple, Inc. Stocks Technology Hardware, Storage & Peripherals 2.2%
Ford Motor Company Convertible Bonds Automobile Manufacturers 2.1%
Keyence Corp. Stocks Electronic Equipment & Instruments 2.1%
JPMorgan Chase & Company Stocks Diversified Banks 2.0%
Danaher Corp. DECS,ACES,PRIDES Health Care Equipment 2.0%
NVIDIA Corp. Stocks Semiconductors 2.0%
Total 24.8%

Fund Facts

As of 9/30/21
Name Fund MSCI ACWI Index
Number of Holdings 95 2,973
Debt/Capital 40.4% 41.4%
Duration 1.9 years N/A
Median Conversion Premium 20.4% N/A
Median Investment Premium 25.7% N/A
PEG Ratio 1.9x 1.9x
Portfolio Turnover (12 months) 79.5% N/A
Price/Book 3.0x 2.9x
Price/Earnings 22.0x 19.8x
Price/Sales 3.0x 1.9x
ROIC 19.2% 20.3%
Net Assets $260.1 M N/A

Market Capitalization

As of 9/30/21
Market CAP Range % of Assets
<=$0.10bil 0.0%
>$0.10bil<=$5bil 0.0%
>$5bil<=$30bil 7.8%
>$30bil<=$200bil 48.5%
>$200bil 43.7%

Regional Exposure

As of 9/30/21
Region % of Assets
North America 57.5%
Europe 22.9%
Asia/Pacific 14.6%
Latin America 0.7%
Middle East/Africa 0.5%
Caribbean 0.0%

Top Country Exposures

As of 9/30/21
Country %
United States 54.1%
Netherlands 7.3%
Japan 5.2%
Switzerland 5.1%
Canada 3.4%
Ireland 3.4%
Taiwan 3.2%
Singapore 2.0%
Germany 1.8%
China 1.8%

Top Currency Exposures

As of 9/30/21
Currency %
United States Dollar (USD) 71.7%
Euro (EUR) 13.0%
Japanese Yen (JPY) 5.4%
Taiwan Dollar (TWD) 3.1%
Hong Kong Dollar (HKD) 2.4%
Canadian Dollar (CAD) 1.6%
Indian Rupee (INR) 1.5%
Swiss Franc (CHF) 0.7%
British Pound Sterling (GBP) 0.5%
Australian Dollar (AUD) 0.0%

Credit Quality of Bonds

As of 9/30/21
Class %
AAA 0.0%
AA 0.0%
A 2.5%
BBB 8.5%
BB 11.2%
B 0.0%
CCC and below 0.0%
Unrated Securities 77.8%

Maturity Schedule

As of 9/30/21
Range %
< 1 Year 4.4%
1 to 5 Years 17.3%
5 to 10 Years 2.4%
10 to 20 Years 0.0%
20 to 30 Years 0.0%
> 30 Years 0.0%
Equities and Other 75.9%

Bond Duration

As of 9/30/21
Name Duration
Weighted Avg. Duration 1.9 years
Weighted Avg. Maturity 3.3 years

Important Fund Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

The principal risks of investing in the Calamos Global Opportunities Fund include: convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk consisting of fluctuations inconsistent with a convertible security and the risk of components expiring worthless, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk, forward foreign currency contract risk, portfolio selection risk, and liquidity risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The Calamos Global Opportunities Fund was formerly named the Calamos Global Growth and Income Fund. This name change was effective April 1, 2021.

Top 10 Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government / sovereign bonds or broad based index hedging securities the portfolio may hold.

Sector Weightings percentages are based on invested portfolio and are subject to change. Other includes securities that do not have a sector classification.

Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

Market Capitalization statistics are based on common stock holdings.

Notes

Conversion Premium- is the amount by which the market price of a convertible bond or convertible preferred exceeds the conversion value, expressed as a percentage. It is a gauge of equity participation.

Current (SEC) Yield-Reflects the dividends and interest earned by the Fund during the 30-day period ended as of the date stated above after deducting the Fund's expenses for that same period.

Debt/Capital Ratio-Is a measure of a company's financial leverage, calculated as the company's debt divided by its total capital.

Distribution Yield -Is calculated by dividing the sum of all distributions paid by the fund over the trailing 12 months by the fund's NAV as of the date of the period presented. Distributions may include income, short-term capital gains, and long-term capital gains. Short-term and long-term capital gains represent the net trading profits realized over the trailing 12 months in the fund and are not guaranteed. Distribution Yield is based on distributions made in the past and is therefore not reflective of the fund's current portfolio.

Duration- provides a measure of the Fund's interest rate sensitivity-the longer a fund's duration, the more sensitive it is to shifts in interest rates

Investment Premium-is the amount that the market price of the convertible is above its investment value, expressed as a percentage. It is a gauge of equity participation.

PEG Ratio-Is a stock's price/earnings ratio divided by estimated earnings growth rate in the next year; a lower PEG indicates that less is being paid for each unit of earnings growth.

Price/Book Ratio-Is the stock's capitalization divided by its book value.

Price/Earnings Ratio-Is the current stock price over trailing 12-month earnings per share.

Price/Sales Ratio-Is a stock's capitalization divided by its sales over the trailing 12 months. ROIC (return on invested capital) measures how effectively a company uses the money invested in its operations, calculated as a company's net income minus any dividends divided by the company's total capital.

ROIC (Return On Invested Capital)-Measures how effectively a company uses the money invested in its operations, calculated as a company's net income minus any dividends divided by the company's total capital.

Turnover-Is the percentage of assets in a portfolio that changed over a certain period, often a year; higher turnover indicates greater buying and selling activity.

The MSCI ACWI Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets and emerging markets.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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.

Total Capital Gains

Year Capital Gains
2008 0.0000
2009 0.0000
2010 0.0000
2011 0.0000
2012 0.2409
2013 1.7448
2014 1.7124
2015 0.1075
2016 0.0561
2017 0.5656
2018 0.8843
2019 0.0858
2020 0.6280

Schedule

Name Frequency
Distributions QUARTERLY
Capital Gains ANNUAL

2020 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 22, 2020. To view the report, click here.

Distributions

Frequency Income Reinvest
Q3 2021 $0.0000 10.76000
Q2 2021 $0.0000 9.38000
Q1 2021 $0.0000 9.38000
Q4 2020 $0.0000 0.00000
Q3 2020 $0.0000 8.94000
Q2 2020 $0.0000 8.00000
Q1 2020 $0.0000 5.95000
Q4 2019 $0.0000 7.70000
Q3 2019 $0.0000 7.47000
Q2 2019 $0.0000 7.42000
Q1 2019 $0.0000 7.27000
Q4 2018 $0.0000 6.60000
Q3 2018 $0.0000 8.53000
Q2 2018 $0.0000 8.67000
Q1 2018 $0.0000 8.69000
Q4 2017 $0.0000 8.35000
Q3 2017 $0.0000 8.61000
Q2 2017 $0.0000 8.21000
Q1 2017 $0.0000 7.98000
Q4 2016 $0.0000 7.60000
Q3 2016 $0.0000 7.74000
Q2 2016 $0.0000 7.44000
Q1 2016 $0.0000 0.00000
Q4 2015 $0.0000 7.61000
Q4 2014 $0.0000 7.73000
Q1 2014 $0.0000 9.43000
Q4 2013 $0.1819 9.15000
Q3 2013 $0.0000 0.00000
Q2 2013 $0.0000 0.00000
Q1 2013 $0.0000 10.33000
Q4 2012 $0.0342 10.16000
Q3 2012 $0.0000 0.00000
Q2 2012 $0.0253 9.72000
Q1 2012 $0.1070 10.43000
Q4 2011 $0.0000 9.85000
Q3 2011 $0.0000 0.00000
Q2 2011 $0.0000 0.00000
Q1 2011 $0.0000 0.00000
Q4 2010 $0.0000 0.00000
Q3 2010 $0.0000 0.00000
Q2 2010 $0.1319 9.09000
Q1 2010 $0.0260 9.39000
Q4 2009 $0.0000 0.00000
Q3 2009 $0.0000 0.00000
Q2 2009 $0.0000 0.00000
Q1 2009 $0.0000 0.00000
Q4 2008 $0.2137 6.88000
Q3 2008 $0.0000 0.00000
Q2 2008 $0.0000 0.00000
Q1 2008 $0.0000 0.00000

Important Fund Information

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

The principal risks of investing in the Calamos Global Opportunities Fund include: convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk consisting of fluctuations inconsistent with a convertible security and the risk of components expiring worthless, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk, forward foreign currency contract risk, portfolio selection risk, and liquidity risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The Calamos Global Opportunities Fund was formerly named the Calamos Global Growth and Income Fund. This name change was effective April 1, 2021.

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 funds' gross expense ratios as of the prospectus dated 4/1/2021 are as follows: A Shares 1.53%, C Shares 2.28% and I Shares 1.28%.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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.

Annual Expenses

Name A Shares C Shares I Shares
Gross Expense Ratio 1.53% 2.28% 1.28%
Net Expense Ratio 1.22% 1.97% 0.97%

Investment Information

Name A Shares C Shares I Shares
Minimum initial investment $2500 $2500 $1 million
Minimum subsequent investments $50 $50 $0
IRA initial investments $500 $500 N/A

Fund Information

Name A Shares C Shares I Shares
Inception Date 9/09/96 9/24/96 9/18/97
Ticker Symbol CVLOX CVLCX CGCIX
CUSIP number 128119500 128119708 128119609

Sales & Distribution

Name A Shares C Shares I Shares
Sales Load Front-End Level-Load N/A
Maximum Sales Charge 4.75 1.00 N/A
US Bank Fund Number 607 621 631
Dividends QUARTERLY QUARTERLY QUARTERLY
Capital Gains ANNUAL ANNUAL ANNUAL

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

The principal risks of investing in the Calamos Global Opportunities Fund include: convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk consisting of fluctuations inconsistent with a convertible security and the risk of components expiring worthless, foreign securities risk, emerging markets risk, equity securities risk, growth stock risk, interest rate risk, credit risk, high yield risk, forward foreign currency contract risk, portfolio selection risk, and liquidity risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The Calamos Global Opportunities Fund was formerly named the Calamos Global Growth and Income Fund. This name change was effective April 1, 2021.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.

The Fund's investment advisor has contractually agreed to reimburse Fund expenses through March 1, 2023 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses, if any) of Class A, Class C, and Class I are limited to 1.22%, 1.97%, and 0.97% of average net assets, respectively. Calamos Advisors may recapture previously waived expense amounts within the same fiscal year for any day where the respective Fund'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.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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.

Calamos Global Opportunities Fund Quarterly Commentary

A quarterly update of the Calamos Global Opportunities Fund’s performance, positioning, related market commentary and outlook.

Calamos Global Opportunities Fund Fact Sheet

The Global Opportunities Fund fact sheet provides a snapshot of the investment team, the fund strategy, performance, composition, ratings and returns.

Navigating Shifting Crosscurrents

The Calamos Global Team explores how global economic growth trends, monetary policy, supply-chain issues, inflation, and energy prices are shaping investment opportunities in developed and emerging markets.

Maximizing the Opportunity in Convertible Securities

This guide provides a brief overview of Calamos’ history in the asset class, how convertibles can be used in strategic asset allocation, and the attractive conditions we see in the market today. Included is an overview of the Calamos funds that use convertible securities in varied ways to achieve compelling short and long-term performance.

A Risk-Managed Approach to Investing in Global Equities

Calamos Global Opportunities Fund offers a dynamic, risk-managed approach to accessing growth opportunities in global equities. We invest in companies with higher-growth and higher-quality attributes, drawing from a broad universe of equities, convertible securities, options, and select fixed-income securities.

The Opportunity of Convertible Securities

Like stocks, convertibles typically offer upside appreciation in rising equity markets. Like bonds, convertibles provide income and potential downside protection in declining markets.

Convertible Securities: Structures, Valuation, Market Environment, and Asset Allocation

A comprehensive overview of convertible securities, including history, structures, valuation, market environment, and roles within asset allocation.

Calamos Global Opportunities Fund Prospectus

This summary contains important information about the Class A, C, and I Global Opportunities 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.

Related Blog Posts

More Blog Posts