Fund Stats

  • NAV

    $15.55

    $0.47 (3.12%)

    As of 10/4/22

  • Daily YTD Return

    18.97%

    As of 10/4/22

  • Total Net Assets

    $40.4 Million

    As of 6/30/22

  • Inception Date

    1/2/02

Overview

The fund primarily invests in a concentrated portfolio of large cap US equities with broad representation across sectors, industries and investment styles.

Key Features

  • Security selection is based mainly on Calamos analysts' highest conviction ideas. We leverage the collective expertise of the firm's research analysts, who average 15+ years of experience in their respective sectors.
  • The investment process is driven by rigorous fundamental and sector-specific research. The goal is to maximize exposure to opportunities the team believes are most compelling.
  • Quantitative tools help minimize systematic risks across both sectors and factors. We use quantitative tools to minimize unintended bets and maximize the impact of security selection on portfolio performance.

Portfolio Fit

Because the fund pairs a high-conviction approach with a broad investment universe, we believe it is an attractive choice for investors seeking a long-term core equity allocation to US stocks.

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Performance

Calendar Year Total Returns

As of 6/30/22
Date Calamos Select Fund (NAV) Calamos Select Fund Load-Adjusted S&P 500 Index
YTD 2022 -20.32 -24.12 -19.96
2021 24.91 18.97 28.71
2020 16.34 10.79 18.4
2019 25.89 19.88 31.49
2018 -6.72 -11.13 -4.38
2017 17.15 11.61 21.83
2016 11.51 6.2 11.96
2015 -3.99 -8.56 1.38
2014 2.03 -2.81 13.69
2013 31.53 25.32 32.39

Annualized Total Returns

As of 6/30/22 As of 8/31/22
TimeFrame Calamos Select Fund (NAV) Calamos Select Fund Load-Adjusted S&P 500 Index
1 Year -13.4 -17.5 -10.62
3 Year 8.32 6.56 10.6
5 Year 8.79 7.74 11.31
10 Year 9.21 8.68 12.96
Since Inception 6.04 5.79 8.1
TimeFrame Calamos Select Fund (NAV) Calamos Select Fund Load-Adjusted S&P 500 Index
1 Year -13.16 -17.28 -11.23
3 Year 10.22 8.44 12.39
5 Year 9.4 8.34 11.82
10 Year 9.58 9.05 13.08
Since Inception 6.26 6.01 8.28

Important Fund Information

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. Results are before taxes on fund distributions and assume reinvestment of dividends and capital gains. Index data shown is from 1/31/02, 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.

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

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 3/1/2022 are as follows: A Shares 1.57%, C Shares 2.33% and I Shares 1.32%.

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 22.0% 26.8%
Health Care 16.0% 15.1%
Industrials 10.3% 7.8%
Consumer Staples 9.9% 7.0%
Financials 9.7% 10.8%
Communication Services 9.7% 8.9%
Consumer Discretionary 9.4% 10.5%
Energy 4.3% 4.4%
Utilities 2.7% 3.1%
Materials 2.5% 2.6%
Real Estate 0.0% 2.9%
Other 0.0% 0.0%

Asset Allocation

As of 6/30/22
Asset Allocation %
Common Stock 96.5538
Cash and Receivables/Payables 3.4462

Top 10 Holdings

As of 6/30/22
Company Industry %
Apple, Inc. Technology Hardware, Storage & Peripherals 6.5%
Microsoft Corp. Systems Software 6.1%
Alphabet, Inc. - Class A Interactive Media & Services 4.0%
Amazon.com, Inc. Internet & Direct Marketing Retail 3.4%
UnitedHealth Group, Inc. Managed Health Care 3.3%
Eli Lilly & Company Pharmaceuticals 3.1%
Chevron Corp. Integrated Oil & Gas 2.8%
Visa, Inc. - Class A Data Processing & Outsourced Services 2.4%
Danaher Corp. Life Sciences Tools & Services 2.3%
Bristol-Myers Squibb Company Pharmaceuticals 2.3%
Total 36.2%

Fund Facts

As of 6/30/22
Name Fund S&P 500 Index
Number of Holdings 59 503
Debt/Capital 44.5% 46.3%
PEG Ratio 1.9x 1.9x
Portfolio Turnover (12 months) 20.9% N/A
Price/Book 3.8x 3.7x
Price/Earnings 19.6x 17.2x
Price/Sales 2.7x 2.2x
ROIC 23.4% 24.7%
Net Assets $40.4 M N/A

Market Capitalization

As of 6/30/22
Market CAP Range % of Assets
<=$0.10bil 0.0%
>$0.10bil<=$5bil 1.0%
>$5bil<=$30bil 6.7%
>$30bil<=$200bil 48.7%
>$200bil 43.6%

Regional Exposure

As of 6/30/22
Region % of Assets
North America 90.9%
Europe 5.7%
Asia/Pacific 0.0%
Caribbean 0.0%
Latin America 0.0%
Middle East/Africa 0.0%

Top Country Exposures

As of 6/30/22
Country %
United States 90.1%
Ireland 3.1%
United Kingdom 1.6%
Switzerland 1.0%
Canada 0.8%
Bermuda 0.0%
Israel 0.0%
Netherlands 0.0%

Top Currency Exposures

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

Distributions

Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2008 0.0000
2009 0.0000
2010 0.0000
2011 0.0000
2012 0.0000
2013 1.1116
2014 0.9862
2015 0.9092
2016 0.0000
2017 0.4708
2018 2.1969
2019 0.0000
2020 0.8053
2021 1.5038

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.

Distributions

Schedule: ANNUAL
Most Recent Distributions
Frequency Income Reinvest
Q4 2021 $0.0000 18.38000
Q4 2020 $0.0000 0.00000
Q4 2019 $0.0902 14.82000
Q3 2019 $0.0000 0.00000
Q2 2019 $0.0000 0.00000
Q4 2018 $0.0625 11.81000
Q4 2017 $0.0476 15.06000
Q4 2016 $0.0958 13.65000
Q4 2015 $0.1648 12.16000
Q4 2014 $0.1387 13.79000
Q1 2014 $0.0000 0.00000
Q4 2013 $0.1422 14.35000
Q3 2013 $0.0000 0.00000
Q2 2013 $0.0000 0.00000
Q1 2013 $0.0000 0.00000
Q4 2012 $0.1812 12.25000
Q3 2012 $0.0000 0.00000
Q2 2012 $0.0000 0.00000
Q1 2012 $0.0000 0.00000
Q4 2011 $0.0000 0.00000
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 $0.0000 0.00000
Q1 2010 $0.0000 0.00000
Q4 2009 $0.0273 10.73000
Q3 2009 $0.0000 0.00000
Q2 2009 $0.0000 0.00000
Q1 2009 $0.0000 0.00000
Q4 2008 $0.0060 8.23000
Q3 2008 $0.0000 0.00000
Q2 2008 $0.0000 0.00000
Q1 2008 $0.0000 0.00000

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares
Gross Expense Ratio 1.57% 2.33% 1.32%
Net Expense Ratio 1.15% 1.90% 0.90%

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 1/02/02 1/02/02 3/01/02
Ticker Symbol CVAAX CVACX CVAIX
CUSIP number 128119666 128119641 128119633

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 634 636 637
Dividends ANNUAL ANNUAL ANNUAL
Capital Gains ANNUAL ANNUAL ANNUAL

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 extra- ordinary expenses, if any) of Class A, Class C, and Class I are limited to 1.15%, 1.90%, and 0.90% 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.

Literature

Latest Related Blog Posts

About the Fund

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Calamos Select Fund Fact Sheet

The Opportunistic Value Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.

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An Important Announcement from John P. Calamos, Sr. Regarding the Select Fund

Details around the renaming of the Calamos Opportunistic Value Fund to the Calamos Select Fund as of February 28, 2020.

Prospectus and Reports

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Calamos Select Fund Prospectus

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