Fund Stats

  • NAV

    $35.86

    $0.91 (2.60%)

    As of 10/4/22

  • Daily YTD Return

    18.89%

    As of 10/4/22

  • Total Net Assets

    $2.3 Billion

    As of 6/30/22

  • Inception Date

    6/23/20

Overview

The fund invests primarily in US equities, convertibles, fixed income securities and options, endeavoring to balance risk/reward while providing growth and income.

Key Features

  • Leverages more than four decades of experience combining equities, convertibles, fixed income securities and options to provide equity-like participation while maintaining a lower risk posture throughout the market cycle.
  • Research-driven approach identifies opportunities by combining top-down analysis with a research focus on key growth characteristics.
  • Has consistently paid a competitive distribution since inception.

Portfolio Fit

The fund can provide a long-term core equity allocation, which exhibits potentially lower volatility and delivers attractive income.

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Performance

Growth of 10K

As of 6/30/22
Date Calamos Growth and Income Fund S&P 500 Index
6/30/2020 12:00:00 AM 9897.7 10000
7/31/2020 12:00:00 AM 10394.56 10563.8
8/31/2020 12:00:00 AM 11080.6 11323.13
9/30/2020 12:00:00 AM 10689.45 10892.85
10/31/2020 12:00:00 AM 10462.83 10603.21
11/30/2020 12:00:00 AM 11569.8 11763.83
12/31/2020 12:00:00 AM 12081.19 12216.15
1/31/2021 12:00:00 AM 11928.97 12092.77
2/28/2021 12:00:00 AM 12378.69 12426.17
3/31/2021 12:00:00 AM 12623.79 12970.38
4/30/2021 12:00:00 AM 13272.65 13662.59
5/31/2021 12:00:00 AM 13293.89 13758.02
6/30/2021 12:00:00 AM 13529.19 14079.2
7/31/2021 12:00:00 AM 13740.25 14413.65
8/31/2021 12:00:00 AM 14045.28 14851.9
9/30/2021 12:00:00 AM 13494.71 14161.14
10/31/2021 12:00:00 AM 14348.93 15153.3
11/30/2021 12:00:00 AM 14178.18 15048.3
12/31/2021 12:00:00 AM 14682.92 15722.71
1/31/2022 12:00:00 AM 13944.37 14909.11
2/28/2022 12:00:00 AM 13597.16 14462.7
3/31/2022 12:00:00 AM 13946.61 14999.7
4/30/2022 12:00:00 AM 12836.46 13691.7
5/31/2022 12:00:00 AM 12832.61 13716.82
6/30/2022 12:00:00 AM 11880.43 12584.58

Annualized Total Returns

As of 6/30/22 As of 8/31/22
TimeFrame Calamos Growth and Income Fund (NAV) S&P 500 Index ICE BofA All US Convert Ex Mand Index
3 Month -14.81 -16.1 -16.24
1 Year -12.18 -10.62 -22.73
Since Inception 8.91 12.19 6.94
TimeFrame Calamos Growth and Income Fund (NAV) S&P 500 Index ICE BofA All US Convert Ex Mand Index
2 Month 3.96 4.77 6.92
1 Year -12.06 -11.23 -17.87
Since Inception 10.13 10.54 9.71

Important Fund Information

10k Performance results are before taxes on fund distributions and assume reinvestment of dividends and capital gains. Index data shown is from 6/30/20, 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.

Index data shown reflects full month periods only. If share class inception date is on or before the 15th of the month, the index 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 calculation inception date begins on the first day of the following month.

Unmanaged index returns, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

S&P 500 Index is generally considered representative of the US stock market.

The ICE BofA All US Convertibles ex Mandatory Index (V0A0) represents the US convertible market excluding mandatory convertibles. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofA indices and related data on an 'as is' basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofA Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.

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 1.06%, C Shares 1.81%, I Shares 0.81% and R6 Shares 0.73%.

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 S&P 500 Index
Information Technology 23.1% 26.8%
Health Care 13.9% 15.1%
Consumer Discretionary 10.1% 10.5%
Communication Services 9.3% 8.9%
Financials 8.5% 10.8%
Industrials 8.3% 7.8%
Consumer Staples 5.9% 7.0%
Energy 4.4% 4.4%
Utilities 2.6% 3.1%
Materials 2.4% 2.6%
Real Estate 1.4% 2.9%
Other 2.2% 0.0%

Asset Allocation

As of 6/30/22
Asset Allocation %
Common Stock 67.7663
Convertibles 22.0666
Cash and Receivables/Payables 7.838
Synthetic Convertibles 2.2221
Options 0.107

Month-End Yield

As of 8/31/22
Name %
30-day SEC yield 0.74%
Distribution Yield 7.39%

Top 10 Holdings

As of 6/30/22
Company Industry %
Apple, Inc. Technology Hardware, Storage & Peripherals 5.9%
Microsoft Corp. Systems Software 5.5%
Alphabet, Inc. - Class A Interactive Media & Services 3.7%
Amazon.com, Inc. Internet & Direct Marketing Retail 2.6%
UnitedHealth Group, Inc. Managed Health Care 2.1%
Johnson & Johnson Pharmaceuticals 1.6%
Raytheon Technologies Corp. Aerospace & Defense 1.5%
Visa, Inc. - Class A Data Processing & Outsourced Services 1.5%
T-Mobile Exchangeable Trust Wireless Telecommunication Services 1.3%
Linde, PLC Industrial Gases 1.1%
Total 26.8%

Fund Facts

As of 6/30/22
Name Fund S&P 500 Index
Number of Holdings 165 503
Debt/Capital 46.2% 46.3%
Conversion Premium 28.3% N/A
Investment Premium 17.8% N/A
PEG Ratio 2.0x 1.9x
Portfolio Turnover (12 months) 17.9% N/A
Price/Book 4.1x 3.7x
Price/Earnings 18.5x 17.2x
Price/Sales 2.7x 2.2x
ROIC 24.1% 24.7%
Net Assets $2.3 B N/A

Market Capitalization

As of 6/30/22
Market CAP Range % of Assets
<=$0.10bil 0.0%
>$0.10bil<=$5bil 0.0%
>$5bil<=$30bil 5.7%
>$30bil<=$200bil 38.7%
>$200bil 55.6%

Top Currency Exposures

As of 6/30/22
Currency %
United States Dollar (USD) 100.0%

Credit Quality of Bonds

As of 6/30/22
Class %
AAA 8.8%
AA 0.0%
A 3.0%
BBB 19.1%
BB 5.8%
B 0.5%
CCC and below 0.0%
Unrated Securities 62.8%

Maturity Schedule

As of 6/30/22
Range %
< 1 Year 8.0%
1 to 5 Years 16.9%
5 to 10 Years 0.5%
10 to 20 Years 0.0%
20 to 30 Years 0.0%
> 30 Years 0.0%
Equities and Other 74.7%

Bond Duration

As of 6/30/22
Name Duration
Weighted Avg. Duration 1.6 years
Weighted Avg. Maturity 2.7 years

Distributions

Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2020 0.8867
2021 2.3733

Schedule

Name Frequency
Distributions QUARTERLY
Capital Gains ANNUAL

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

Distributions

Schedule: QUARTERLY
Most Recent Distributions
Frequency Income Reinvest
Q2 2022 $0.0897 36.08000
Q1 2022 $0.0558 39.84000
Q4 2021 $0.1440 42.72000
Q3 2021 $0.0932 44.78000
Q2 2021 $0.0751 38.34000
Q1 2021 $0.0389 38.34000
Q4 2020 $0.2019 0.00000
Q3 2020 $0.0914 35.38000

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares R6 Shares
Gross Expense Ratio 1.06% 1.81% 0.81% 0.73%

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 9/22/88 8/05/96 9/18/97 6/23/20
Ticker Symbol CVTRX CVTCX CGIIX CGIOX
CUSIP number 128119104 128119831 128119872 128120326

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 604 618 628 5577
Dividends QUARTERLY QUARTERLY QUARTERLY QUARTERLY
Capital Gains ANNUAL ANNUAL ANNUAL ANNUAL

Literature

Latest Related Blog Posts

About the Fund

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Calamos Growth and Income Fund Quarterly Commentary

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

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Calamos Growth and Income Fund Fact Sheet

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

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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.

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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.

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CGIIX—Managing Risk Over Market Cycles Over 20 Years

Here’s how Calamos Growth and Income Fund has managed risk during market cycles including the Great ‘90s Bull Market, the Internet Bubble Crash and recovery, and the Financial Crisis and recovery.

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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.

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One Solution May Help Address Multiple Asset Allocation Needs

Calamos Growth and Income Fund offers a differentiated approach to equity participation, risk management and income generation. As a result, it can help advisors solve for a range of client needs.

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A Potential Lower-Volatility Retirement Option

The Growth and Income Fund stands as an option for those seeking a potentially lower-volatility equity allocation with an income component in a portfolio.

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Managing Risk Over Market Cycles Using a Lower-Volatility Equity Strategy

The Calamos Growth and Income Fund historically has captured a significant amount of upside during bull markets and limited losses when markets have plunged.

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Calamos Strategies for Different Market Periods

Illustration of equity alternatives performance in down markets and fixed income alternative performance in rising interest rate environments.

Prospectus and Reports

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Calamos Growth and Income Fund Prospectus

This summary contains important information about the Class A, C, and I Growth and Income 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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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.