Fund Stats
-
NAV
$12.78
$0.26 (2.08%)
-
Daily YTD Return
20.96%
-
Total Net Assets
$40.4 Million
-
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.
Compare Fund
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ComparePerformance
Calendar Year Total Returns
| Date | Calamos Select Fund (NAV) | Calamos Select Fund Load-Adjusted | S&P 500 Index |
|---|---|---|---|
| YTD 2022 | -20.59 | -21.39 | -19.96 |
| 2021 | 23.96 | 22.96 | 28.71 |
| 2020 | 15.49 | 14.49 | 18.4 |
| 2019 | 25 | 24 | 31.49 |
| 2018 | -7.43 | -8.19 | -4.38 |
| 2017 | 16.27 | 15.27 | 21.83 |
| 2016 | 10.69 | 9.69 | 11.96 |
| 2015 | -4.74 | -5.61 | 1.38 |
| 2014 | 1.31 | 0.37 | 13.69 |
| 2013 | 30.5 | 29.5 | 32.39 |
Annualized Total Returns
| TimeFrame | Calamos Select Fund (NAV) | Calamos Select Fund Load-Adjusted | S&P 500 Index |
|---|---|---|---|
| 1 Year | -14.01 | -14.79 | -10.62 |
| 3 Year | 7.52 | 7.52 | 10.6 |
| 5 Year | 7.99 | 7.99 | 11.31 |
| 10 Year | 8.4 | 8.4 | 12.96 |
| Since Inception | 5.25 | 5.25 | 8.1 |
| TimeFrame | Calamos Select Fund (NAV) | Calamos Select Fund Load-Adjusted | S&P 500 Index |
|---|---|---|---|
| 1 Year | -13.78 | -14.57 | -11.23 |
| 3 Year | 9.42 | 9.42 | 12.39 |
| 5 Year | 8.59 | 8.59 | 11.82 |
| 10 Year | 8.77 | 8.77 | 13.08 |
| Since Inception | 5.47 | 5.47 | 8.28 |
Important Fund Information
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 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
| 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
| Asset Allocation | % |
|---|---|
| Common Stock | 96.5538 |
| Cash and Receivables/Payables | 3.4462 |
Top 10 Holdings
| 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
| 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
| 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
| 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
| 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
| Currency | % |
|---|---|
| United States Dollar (USD) | 100.0% |
Distributions
Total Capital Gains
| 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
| Frequency | Income | Reinvest |
|---|---|---|
| Q4 2021 | $0.0000 | 15.50000 |
| Q4 2020 | $0.0000 | 0.00000 |
| Q4 2019 | $0.0000 | 12.95000 |
| Q3 2019 | $0.0000 | 0.00000 |
| Q2 2019 | $0.0000 | 0.00000 |
| Q4 2018 | $0.0643 | 10.33000 |
| Q4 2017 | $0.0000 | 13.59000 |
| Q4 2016 | $0.0069 | 12.41000 |
| Q4 2015 | $0.0487 | 11.07000 |
| Q4 2014 | $0.0274 | 12.62000 |
| Q1 2014 | $0.0000 | 0.00000 |
| Q4 2013 | $0.0968 | 13.22000 |
| Q3 2013 | $0.0000 | 0.00000 |
| Q2 2013 | $0.0000 | 0.00000 |
| Q1 2013 | $0.0000 | 0.00000 |
| Q4 2012 | $0.0727 | 11.41000 |
| 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 | $0.0000 | 10.14000 |
| Q3 2009 | $0.0000 | 0.00000 |
| Q2 2009 | $0.0000 | 0.00000 |
| Q1 2009 | $0.0000 | 0.00000 |
| Q4 2008 | $0.0000 | 7.82000 |
| 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
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.
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
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.
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.