Fund Stats

  • NAV

    $20.82

    $0.16 (0.76%)

    As of 3/15/24

  • Daily YTD Return

    9.33%

    As of 3/15/24

  • Total Net Assets

    $48.1 Million

    As of 12/31/23

  • Inception Date

    3/1/02

Calamos Select Mutual Fund 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 12/31/23
Date Calamos Select Fund (NAV) S&P 500 Index
2023 26.73 26.29
2022 -18.67 -18.11
2021 25.28 28.71
2020 16.55 18.4
2019 26.23 31.49
2018 -6.5 -4.38
2017 17.5 21.83
2016 11.75 11.96
2015 -3.76 1.38
2014 2.31 13.69

Annualized Total Returns

As of 12/31/23 As of 2/29/24
TimeFrame Calamos Select Fund (NAV) S&P 500 Index
1 Year 26.73 26.29
3 Year 8.89 10
5 Year 13.69 15.69
10 Year 8.67 12.03
Since Inception (03/01/02) 7.24 9.03
TimeFrame Calamos Select Fund (NAV) S&P 500 Index
1 Year 33.41 30.45
3 Year 10.87 11.91
5 Year 13.24 14.76
10 Year 9.53 12.7
Since Inception (03/01/02) 7.57 9.3

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 3/31/02, 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 and Morningstar category data shown reflects full month periods only. If share class inception date is on or before the 15th of the month, the index or category 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 or category 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 3/1/2024 are as follows: A Shares 1.62%, C Shares 2.37% and I Shares 1.37%.

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 12/31/23
Sector % of Assets S&P 500 Index
Information Technology 28.6% 28.9%
Health Care 13.6% 12.6%
Financials 12.7% 13.0%
Consumer Discretionary 11.3% 10.9%
Industrials 9.9% 8.8%
Communication Services 8.6% 8.6%
Consumer Staples 5.2% 6.2%
Energy 3.2% 3.9%
Utilities 1.7% 2.3%
Materials 1.7% 2.4%
Real Estate 0.0% 2.5%
Other 0.0% 0.0%

Asset Allocation

As of 12/31/23
Asset Allocation %
Common Stock 96.5442
Cash and Receivables/Payables 3.4558

Top 10 Holdings

As of 12/31/23
Company Industry %
Apple, Inc. Technology Hardware, Storage & Peripherals 7.0%
Microsoft Corp. Systems Software 6.9%
Alphabet, Inc. - Class A Interactive Media & Services 5.6%
Amazon.com, Inc. Broadline Retail 5.5%
NVIDIA Corp. Semiconductors 4.0%
UnitedHealth Group, Inc. Managed Health Care 2.5%
Visa, Inc. - Class A Transaction & Payment Processing Services 2.4%
Eli Lilly & Company Pharmaceuticals 2.3%
Broadcom, Inc. Semiconductors 2.1%
Advanced Micro Devices, Inc. Semiconductors 2.1%
Total 40.4%

Fund Facts

As of 12/31/23
Name Fund S&P 500 Index
Net Assets $48.1 M N/A
Number of Holdings 46 503
Debt/Capital 46.3% 45.4%
ROIC 24.4% 24.0%
Portfolio Turnover (12 months) 58.1% N/A
Price/Book 6.2x 4.2x
Price/Earnings 26.6x 21.5x
Price/Sales 3.4x 2.5x
PEG Ratio 2.2x 2.2x

Market Capitalization

As of 12/31/23
Market CAP Range % of Assets
<=$0.10bil 0.0%
>$0.10bil<=$5bil 0.0%
>$5bil<=$30bil 1.2%
>$30bil<=$200bil 47.1%
>$200bil 51.8%

Regional Exposure

As of 12/31/23
Region % of Assets
North America 94.9%
Europe 1.6%
Asia/Pacific 0.0%
Caribbean 0.0%
Latin America 0.0%
Middle East/Africa 0.0%

Top Country Exposures

As of 12/31/23
Country %
United States 93.7%
Switzerland 1.6%
Canada 1.2%
Bermuda 0.0%
Ireland 0.0%
Netherlands 0.0%
United Kingdom 0.0%

Top Currency Exposures

As of 12/31/23
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
2022 0.4143
2023 0.7631

Schedule

Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

2023 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2023. To view the report, click here.

Distributions

Schedule: ANNUAL
Most Recent Distributions
Frequency Income Reinvest
Q4 2023 $0.0042 19.12000
Q4 2022 $0.0000 15.91000
Q4 2021 $0.0196 19.03000
Q4 2020 $0.0000 0.00000
Q4 2019 $0.1246 15.22000
Q3 2019 $0.0000 0.00000
Q2 2019 $0.0000 0.00000
Q4 2018 $0.1472 12.12000
Q4 2017 $0.0933 15.45000
Q4 2016 $0.1310 13.99000
Q4 2015 $0.2050 12.47000
Q4 2014 $0.1858 14.11000
Q1 2014 $0.0000 0.00000
Q4 2013 $0.1759 14.67000
Q3 2013 $0.0000 0.00000
Q2 2013 $0.0000 0.00000
Q1 2013 $0.0000 0.00000
Q4 2012 $0.1997 12.50000
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 $0.0527 10.88000
Q3 2009 $0.0000 0.00000
Q2 2009 $0.0000 0.00000
Q1 2009 $0.0000 0.00000
Q4 2008 $0.0389 8.34000
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 1.62% 2.37% 1.37%
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, 2025 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 LLC ("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 Select Fund fact sheet provides a snapshot 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.

Calamos Financial Services LLC, Distributor

Check the background of the firm and its investment professionals on FINRA's BrokerCheck.

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 1-866-363-9219. Read it carefully before investing.

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Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Financial Services LLC and Calamos Antetokounmpo Asset Management LLC.

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