Fund Stats

  • NAV

    $25.63

    $0.01 (0.04%)

    As of 5/20/22

  • Daily YTD Return

    35.00%

    As of 5/20/22

  • Total Net Assets

    $429.6 Million

    As of 3/31/22

  • Inception Date

    6/25/21

Overview

The Fund invests in the equity securities of small capitalization companies with high, sustainable growth potential, which may exceed market expectations.

Key Features

  • Combines fundamental research with the analysis of market estimates to identify the underestimated growth differential between a company's business strength and market expectations of that strength.
  • Pursues active management in a less-followed investment space.
  • Analyzes secular trends to uncover exploitable investment opportunities specific to small cap companies.

Portfolio Fit

Investing in small cap companies is an important component of a diversified investment strategy. Smaller companies tend to experience greater growth and outperform larger companies.

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Performance

Due to the recent inception of the share class no performance data is available at this time.

Important Fund Information

The chart shows the performance of the Predecessor Fund's Institutional Class, which has been adopted by the Class I shares of the Fund for periods prior to the Reorganization. The information shows you how the Predecessor Fund's performance has varied year by year and provides some indication of the risks of investing in the Fund. The average annual total return table compares the Predecessor Fund's Institutional Class performance, adopted by the Fund's Class I shares, and Class Y performance, adopted by the Fund's Class A shares and adjusted to reflect the maximum sales load of 4.75%, to that of the Russell 2000 Growth Index. "Since Inception" return shown for the Russell 2000 Growth Index is the return since the inception of the Predecessor Fund's Class Y shares. An index reflects no deduction for fees, expenses or taxes. To the extent that dividends and distributions have been paid by the Predecessor Fund, the performance information for the Predecessor Fund in the chart and table assumes reinvestment of dividends and distributions. If the Predecessor Fund's investment adviser had not waived or reimbursed certain Predecessor Fund expenses during these periods, the Predecessor Fund's returns would have been lower. As always, please note that the Fund's past performance (before and after taxes) cannot predict how it will perform in the future.

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 6/30/21, since comparative index data is available only for full monthly periods. Source: Calamos Investments

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.

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 Russell 2000® Growth Index measures the performance of the small-cap growth segment of the US equity universe. It includes those Russell 2000® companies with higher price-to-value ratios and higher forecasted growth values. The Russell 2000® Growth Index is published and maintained by FTSE Russell.

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 1.37%, C Shares 2.11%, I Shares 1.11% and R6 Shares 1.02%.

Portfolio

Fund Facts

As of 3/31/22
Name Fund Russell 2000 Growth Index
Number of Holdings 96 1,240
Debt/Capital 36.5% 41.6%
Price/Earnings 20.5x 18.8x
Price/Sales 2.6x 1.7x
ROIC 18.4% 12.4%
Net Assets $429.6 M N/A

Market Capitalization

As of 3/31/22
Market CAP Range % of Assets
<=$1bil 12.7%
>$1bil<=$2bil 19.7%
>$2bil<=$3bil 9.6%
>$3bil<=$7bil 42.8%
>$7bil 15.1%

Sector Weightings

As of 3/31/22
Sector % of Assets Russell 2000 Growth Index
Information Technology 26.3% 22.8%
Health Care 22.1% 25.2%
Consumer Discretionary 14.6% 13.6%
Industrials 11.5% 15.6%
Energy 11.3% 3.4%
Financials 7.3% 5.5%
Materials 2.3% 3.5%
Communication Services 2.1% 2.7%
Consumer Staples 1.3% 4.0%
Real Estate 0.0% 3.3%
Utilities 0.0% 0.4%
Other 0.0% 0.0%

Top 10 Holdings

As of 3/31/22
Company Industry %
SiTime Corp. Semiconductors 3.6%
Sprout Social, Inc. Application Software 2.7%
Patterson-UTI Energy, Inc. Oil & Gas Drilling 2.7%
Lpl Financial Holdings, Inc. Investment Banking & Brokerage 2.5%
Inspire Medical Systems, Inc. Health Care Technology 2.5%
Boot Barn Holdings, Inc. Apparel Retail 2.2%
Surgery Partners, Inc. Health Care Facilities 2.2%
ZipRecruiter, Inc. - Class A Interactive Media & Services 2.1%
Tenable Holdings, Inc. Systems Software 2.0%
Everi Holdings, Inc. Casinos & Gaming 1.7%
Total 24.2%

Distributions

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.

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares R6 Shares
Gross Expense Ratio 1.37% 2.11% 1.11% 1.02%
Net Expense Ratio 1.30% 2.05% 1.05% 0.96%

Investment Information

Name A Shares C Shares I Shares R6 Shares
Minimum initial investment $2500 $2500 $1 million $0
Minimum subsequent investments $50 $50 N/A N/A
IRA initial investments $500 $500 N/A N/A

Fund Information

Name A Shares C Shares I Shares R6 Shares
Inception Date 1/06/14 6/25/21 3/23/11 6/03/19
Ticker Symbol CTASX CTCSX CTSIX CTSOX
CUSIP number 128120417 128120318 128120391 128120383

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 5650 5672 5651 5652
Dividends ANNUAL ANNUAL ANNUAL ANNUAL
Capital Gains ANNUAL 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 of Class A, Class C, and Class I shares are limited to 1.30%, 2.05% and 1.05% of average net assets, respectively. The Fund's investment advisor has contractually agreed to limit the Fund's annual ordinary operating expenses for Class R6 shares (as a percentage of average net assets) to 1.05% less the Fund's annual sub-transfer agency ratio (the aggregate sub-transfer agency fees of the Fund's other share classes divided by the aggregate average annual net assets of the Fund's other share classes). For purposes of these expense limitations, operating expenses do not include taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses, if any. Calamos Advisors may recapture previously waived expense amounts within the same fiscal year for any day where the respective share class'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

Videos

About the Fund

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Calamos Timpani Small Cap Growth Fund Quarterly Commentary

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

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Calamos Timpani Small Cap Growth Fund Fact Sheet

The Timpani Small Cap Growth Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.

Prospectus and Reports

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Calamos Timpani Small Cap Growth Fund Prospectus

This summary contains important information about the Class A, I, and R6 Timpani Small Cap Growth 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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Calamos Timpani Small Cap Growth Fund Prospectus (C Share)

This summary contains important information about the Class C Timpani Small Cap Growth Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.

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Statutory Prospectus (C Share)

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 (C Share)

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.