Calamos Growth Fund (CVGRX)
Overview
The fund invests in the equities of U.S. companies with a range of market capitalizations that we believe offer the best potential for growth.
Key Features
- Utilize more than two decades of extensive research experience in growth investing
- Active management focuses on top-down views and bottom-up fundamentals
- Research-driven approach identifies opportunities by combining top-down analysis with a focus on key growth characteristics
Portfolio Fit
This actively-managed fund seeks to provide attractive returns through its emphasis on higher growth companies primarily in large and mid cap arenas.
Return on Invested Capital
| Name | Gain |
|---|---|
| Fund | 21.1533 |
| S&P 1500 Growth | 22.5698 |
Debt/Capital
| Name | Gain |
|---|---|
| Fund | 37.7039 |
| S&P 1500 Growth | 45.0266 |
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 Growth Fund include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, mid-sized company risk, foreign securities risk and portfolio selection 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.
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 S&P 1500 Growth Index consists of the growth segment of the securities found in the S&P 1500 Index. The S&P 1500 combines the S&P 500, S&P MidCap 400 and the S&P SmallCap 600.
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 3/1/2019 are as follows: A Shares 1.29%, C Shares 2.04% and I Shares 1.04%.
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.
Fund Details
As of 10/18/19| Inception Date: | 9/04/90 |
|---|---|
| Current NAV: | $31.93 |
| $ Change: | $-0.30 |
| % Change: | -0.93% |
| Total Net Assets (As of 9/30/19): | $1.4 B |
| Morningstar Category: | Large Growth |
Zephyr Analysis
Create real time reports on performance, risk analysis, peer group analysis, style attribution and more on the Calamos Investment Professional site.
Resources
Other LiteratureCalendar Year Total Returns
| Date | Calamos Growth Fund (NAV) | Calamos Growth Fund Load-Adjusted | S&P 1500 Growth Index | S&P 500 Index | Russell Midcap Growth Index |
|---|---|---|---|---|---|
| YTD 2019 | 21.89 | 16.1 | 20.63 | 20.55 | 25.23 |
| 2018 | -5.87 | -10.34 | -0.82 | -4.38 | -4.75 |
| 2017 | 26.59 | 20.56 | 26.49 | 21.83 | 25.27 |
| 2016 | -2.13 | -6.79 | 7.9 | 11.96 | 7.33 |
| 2015 | 3.02 | -1.86 | 5.21 | 1.38 | -0.2 |
| 2014 | 8.44 | 3.29 | 13.94 | 13.69 | 11.9 |
| 2013 | 33.14 | 26.81 | 33.1 | 32.39 | 35.74 |
| 2012 | 9.33 | 4.15 | 14.81 | 16 | 15.81 |
| 2011 | -9.07 | -13.38 | 4.17 | 2.11 | -1.65 |
| 2010 | 20.06 | 14.35 | 16.72 | 15.06 | 26.38 |
| 2009 | 52.47 | 45.25 | 32.15 | 26.46 | 46.29 |
| 2008 | -50.28 | -52.64 | -35.02 | -37 | -44.32 |
| 2007 | 23.26 | 17.4 | 9.36 | 5.49 | 11.43 |
| 2006 | 1.45 | -3.38 | 10.62 | 15.79 | 10.66 |
| 2005 | 8.47 | 3.32 | 2.45 | 4.91 | 12.1 |
| 2004 | 18.65 | 13.02 | 8.28 | 10.88 | 15.48 |
| 2003 | 42.34 | 35.57 | 28.23 | 28.68 | 42.71 |
| 2002 | -15.88 | -19.89 | -27.1 | -22.1 | -27.41 |
| 2001 | -7.68 | -12.06 | -14.69 | -11.89 | -20.15 |
| 2000 | 26.59 | 20.58 | -16.44 | -9.1 | -11.75 |
| 1999 | 77.7 | 69.28 | 36.72 | 21.04 | 51.29 |
| 1998 | 27.31 | 21.25 | 36.26 | 28.58 | 17.86 |
| 1997 | 24.22 | 18.34 | 33.51 | 33.36 | 22.54 |
| 1996 | 37.91 | 31.37 | 24.59 | 22.96 | 17.48 |
| 1995 | 27.5 | 21.43 | 0 | 37.58 | 33.98 |
| 1994 | -5.7 | -10.2 | 0 | 1.32 | -2.16 |
| 1993 | 4.35 | -0.63 | 0 | 10.08 | 11.19 |
| 1992 | 1.71 | -3.12 | 0 | 7.62 | 8.71 |
| 1991 | 40.21 | 33.54 | 0 | 30.47 | 47.03 |
| 1990* | 6.7 | 1.62 | 0 | 0 | 0 |
*Reflects the fund's return from the inception date of 9/4/1990 through 12/31/1990.
Annualized Total Returns
| TimeFrame | Calamos Growth Fund (NAV) | Calamos Growth Fund Load-Adjusted | S&P 1500 Growth Index | S&P 500 Index | Russell Midcap Growth Index |
|---|---|---|---|---|---|
| 6 Month | 5.33 | 0.32 | 5.04 | 6.08 | 4.69 |
| 1 Year | 2.77 | -2.11 | 2.5 | 4.25 | 5.2 |
| 3 Year | 12.83 | 11.01 | 15.22 | 13.39 | 14.5 |
| 5 Year | 8.99 | 7.94 | 12.58 | 10.84 | 11.12 |
| 10 Year | 10.53 | 9.99 | 14.61 | 13.24 | 14.08 |
| 15 Year | 7.41 | 7.06 | 10.06 | 9.01 | 10.53 |
| 20 Year | 9.71 | 9.45 | 6.39 | 6.33 | 7.97 |
| Since Inception | 12.64 | 12.46 | 9.37 | 10.22 | 11.04 |
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 Growth Fund include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, mid-sized company risk, foreign securities risk and portfolio selection 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.
10k Performance is for the Fund's Class A shares at net asset value and does not include the Fund's maximum front-end sales charge of 4.75%-had it been included, the Fund's return would have been lower. Index data shown is from 8/31/90, since comparative index data is available only for full monthly periods.
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.
Russell Midcap® Growth Index-Measures the performance of those Russell Midcap companies whose average market capitalization is approximately $4.2 billion, with higher price-to-book ratios and higher growth values.
The S&P 1500 Growth Index consists of the growth segment of the securities found in the S&P 1500 Index. The S&P 1500 combines the S&P 500, S&P MidCap 400 and the S&P SmallCap 600.
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.
The funds' gross expense ratios as of the prospectus dated 3/1/2019 are as follows: A Shares 1.29%, C Shares 2.04% and I Shares 1.04%.
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
| Sector | % of Assets | S&P 1500 Growth |
|---|---|---|
| Information Technology | 22.8% | 26.0% |
| Communication Services | 15.9% | 13.1% |
| Health Care | 15.0% | 16.5% |
| Industrials | 14.6% | 9.2% |
| Consumer Discretionary | 13.5% | 12.5% |
| Financials | 6.6% | 5.9% |
| Consumer Staples | 4.0% | 5.5% |
| Materials | 2.9% | 2.4% |
| Energy | 1.7% | 2.7% |
| Utilities | 0.0% | 2.2% |
| Real Estate | 0.0% | 4.1% |
Asset Allocation
| Asset Allocation | |
|---|---|
| Common Stock | 96.9989 |
| Cash and Receivables/Payables | 2.3242 |
| Other | 0.4757 |
| Options | 0.2012 |
Top 10 Holdings
| Company | Security Type | Industry | % |
|---|---|---|---|
| Microsoft Corp. | Stocks | Systems Software | 7.4% |
| Alphabet, Inc. - Class A | Stocks | Interactive Media & Services | 6.1% |
| Amazon.com, Inc. | Stocks | Internet & Direct Marketing Retail | 5.6% |
| Facebook, Inc. - Class A | Stocks | Interactive Media & Services | 4.7% |
| Visa, Inc. - Class A | Stocks | Data Processing & Outsourced Services | 3.4% |
| L3Harris Technologies, Inc. | Stocks | Aerospace & Defense | 2.2% |
| Baxter International, Inc. | Stocks | Health Care Equipment | 2.2% |
| Humana, Inc. | Stocks | Managed Health Care | 2.2% |
| CBOE Global Markets, Inc. | Stocks | Financial Exchanges & Data | 2.1% |
| Fidelity National Information Services, Inc. | Stocks | Data Processing & Outsourced Services | 2.0% |
| Total | 37.9% |
Fund Facts
| Name | Fund | S&P 1500 Growth |
|---|---|---|
| Number of Holdings | 152 | 878 |
| Debt/Capital | 37.7% | 45.0% |
| PEG Ratio | 2.0x | 2.2x |
| Portfolio Turnover (12 months) | 68.0% | N/A |
| Price/Book | 4.3x | 5.3x |
| Price/Earnings | 22.2x | 22.5x |
| Price/Sales | 2.7x | 3.5x |
| ROIC | 21.2% | 22.6% |
| Net Assets | $1.4 B | N/A |
Market Capitalization
| Market CAP Range | % of Assets |
|---|---|
| <=$0.10bil | 0.0% |
| >$0.10bil<=$5bil | 1.7% |
| >$5bil<=$30bil | 20.2% |
| >$30bil<=$200bil | 35.4% |
| >$200bil | 42.8% |
Top Currency Exposures
| Currency | % |
|---|---|
| United States Dollar (USD) | 99.6% |
| Swiss Franc (CHF) | 0.2% |
| Canadian Dollar (CAD) | 0.2% |
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 Growth Fund include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, mid-sized company risk, foreign securities risk and portfolio selection 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.
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.
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.
Notes
Debt/Capital Ratio-Is a measure of a company's financial leverage, calculated as the company's debt divided by its total capital.
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.
The S&P 1500 Growth Index consists of the growth segment of the securities found in the S&P 1500 Index. The S&P 1500 combines the S&P 500, S&P MidCap 400 and the S&P SmallCap 600.
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 | 2.1501 |
| 2012 | 3.7276 |
| 2013 | 15.2925 |
| 2014 | 10.1314 |
| 2015 | 10.9405 |
| 2016 | 1.2028 |
| 2017 | 4.4658 |
| 2018 | 4.3981 |
Schedule
| Name | Frequency |
|---|---|
| Distributions | ANNUAL |
| Capital Gains | ANNUAL |
Distributions
| Frequency | Income | Total | Reinvest |
|---|---|---|---|
| Q3 2019 | $0.0000 | $0.0000 | 0.00000 |
| Q2 2019 | $0.0000 | $0.0000 | 0.00000 |
| Q4 2018 | $0.0000 | $0.0000 | 25.59000 |
| Q4 2017 | $0.0000 | $0.0000 | 32.34000 |
| Q4 2016 | $0.0000 | $0.0000 | 29.58000 |
| Q4 2015 | $0.0000 | $0.0000 | 30.96000 |
| Q4 2014 | $0.0000 | $0.0000 | 40.74000 |
| Q1 2014 | $0.0000 | $0.0000 | 0.00000 |
| Q4 2013 | $0.0000 | $0.0000 | 45.87000 |
| Q3 2013 | $0.0000 | $0.0000 | 0.00000 |
| Q2 2013 | $0.0000 | $0.0000 | 0.00000 |
| Q1 2013 | $0.0000 | $0.0000 | 0.00000 |
| Q4 2012 | $0.0000 | $0.0000 | 47.65000 |
| Q3 2012 | $0.0000 | $0.0000 | 0.00000 |
| Q2 2012 | $0.0000 | $0.0000 | 0.00000 |
| Q1 2012 | $0.0000 | $0.0000 | 0.00000 |
| Q4 2011 | $0.0000 | $0.0000 | 46.40000 |
| Q3 2011 | $0.0000 | $0.0000 | 0.00000 |
| Q2 2011 | $0.0000 | $0.0000 | 0.00000 |
| Q1 2011 | $0.0000 | $0.0000 | 0.00000 |
| Q4 2010 | $0.0000 | $0.0000 | 0.00000 |
| Q3 2010 | $0.0000 | $0.0000 | 0.00000 |
| Q2 2010 | $0.0000 | $0.0000 | 0.00000 |
| Q1 2010 | $0.0000 | $0.0000 | 0.00000 |
| Q4 2009 | $0.0000 | $0.0000 | 0.00000 |
| Q3 2009 | $0.0000 | $0.0000 | 0.00000 |
| Q2 2009 | $0.0000 | $0.0000 | 0.00000 |
| Q1 2009 | $0.0000 | $0.0000 | 0.00000 |
| Q4 2008 | $0.0000 | $0.0000 | 0.00000 |
| Q3 2008 | $0.0000 | $0.0000 | 0.00000 |
| Q2 2008 | $0.0000 | $0.0000 | 0.00000 |
| Q1 2008 | $0.0000 | $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 Growth Fund include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, mid-sized company risk, foreign securities risk and portfolio selection 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.
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 3/1/2019 are as follows: A Shares 1.29%, C Shares 2.04% and I Shares 1.04%.
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 | 1.29% | 2.04% | 1.04% |
| Net Expense Ratio | 1.29% | 2.04% | 1.04% |
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 | 9/04/90 | 9/03/96 | 9/18/97 |
| Ticker Symbol | CVGRX | CVGCX | CGRIX |
| CUSIP number | 128119302 | 128119856 | 128119807 |
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 | 606 | 620 | 630 |
| Dividends | ANNUAL | ANNUAL | ANNUAL |
| 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 Growth Fund include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, mid-sized company risk, foreign securities risk and portfolio selection 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.
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.
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.
A quarterly update of the Calamos Growth Fund’s performance, positioning, related market commentary and outlook.
The Growth Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
This summary contains important information about the Class A, C, and I Growth Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.
You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
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.
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.
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.