Fund Stats

  • NAV

    $30.84

    $0.88 (2.94%)

    As of 1/28/22

  • Daily YTD Return

    22.16%

    As of 1/28/22

  • Total Net Assets

    $491.4 Million

    As of 12/31/21

  • MorningStar Rating

    4 stars

    Overall rating as of 12/31/21

  • Inception Date

    3/23/11

Now available: Calamos 2021 Capital Gains (View)

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

Calendar Year Total Returns

As of 12/31/21
Date Calamos Timpani Small Cap Growth Fund (NAV) Russell 2000 Growth Index
2021 9.12 2.83
2020 63.27 34.63
2019 20.68 28.48
2018 -0.08 -9.31
2017 36.14 22.17
2016 -1.06 11.32
2015 -2.68 -1.38
2014 -0.55 5.6
2013 57.07 43.3
2012 17.91 14.59
2011* -9 0

*Reflects the fund's return from the inception date of 3/23/2011 through 12/31/2011.

Growth of 10K

As of 12/31/21
Date Calamos Timpani Small Cap Growth Fund Russell 2000 Growth Index
3/22/2011 12:00:00 AM 10000 10000
3/31/2011 12:00:00 AM 10610 10000
4/30/2011 12:00:00 AM 11050 10360.3
5/31/2011 12:00:00 AM 10760 10158.09
6/30/2011 12:00:00 AM 10760 9941.03
7/31/2011 12:00:00 AM 10500 9551.35
8/31/2011 12:00:00 AM 9220 8733.27
9/30/2011 12:00:00 AM 7970 7729.33
10/31/2011 12:00:00 AM 9150 8955.19
11/30/2011 12:00:00 AM 9100 8908.05
12/31/2011 12:00:00 AM 9100 8888.05
1/31/2012 12:00:00 AM 9630 9552.88
2/29/2012 12:00:00 AM 10230 9867.54
3/31/2012 12:00:00 AM 10690 10067.98
4/30/2012 12:00:00 AM 10840 9902.69
5/31/2012 12:00:00 AM 9860 9197.02
6/30/2012 12:00:00 AM 10300 9671.52
7/31/2012 12:00:00 AM 9970 9502.8
8/31/2012 12:00:00 AM 10330 9843.93
9/30/2012 12:00:00 AM 10710 10139.24
10/31/2012 12:00:00 AM 10590 9823.94
11/30/2012 12:00:00 AM 10540 9899.48
12/31/2012 12:00:00 AM 10730 10184.57
1/31/2013 12:00:00 AM 11370 10854.73
2/28/2013 12:00:00 AM 11430 10970.1
3/31/2013 12:00:00 AM 12150 11529.98
4/30/2013 12:00:00 AM 12130 11454.44
5/31/2013 12:00:00 AM 12920 12035.58
6/30/2013 12:00:00 AM 13220 11960.66
7/31/2013 12:00:00 AM 14210 12865.44
8/31/2013 12:00:00 AM 14310 12614
9/30/2013 12:00:00 AM 15210 13491.95
10/31/2013 12:00:00 AM 15690 13737.87
11/30/2013 12:00:00 AM 16230 14301.93
12/31/2013 12:00:00 AM 16853.55 14594.55
1/31/2014 12:00:00 AM 16833.12 14342.5
2/28/2014 12:00:00 AM 17609.4 15035.82
3/31/2014 12:00:00 AM 16669.69 14665.33
4/30/2014 12:00:00 AM 15515.48 13912.27
5/31/2014 12:00:00 AM 15300.98 14046.52
6/30/2014 12:00:00 AM 16414.33 14918.11
7/31/2014 12:00:00 AM 14923.05 14014.37
8/31/2014 12:00:00 AM 15770.83 14795.95
9/30/2014 12:00:00 AM 15157.98 14003.63
10/31/2014 12:00:00 AM 16118.12 14872.27
11/30/2014 12:00:00 AM 16363.26 14968.2
12/31/2014 12:00:00 AM 16761.62 15412.16
1/31/2015 12:00:00 AM 16169.19 15060.3
2/28/2015 12:00:00 AM 17997.54 16144.19
3/31/2015 12:00:00 AM 17926.04 16433.97
4/30/2015 12:00:00 AM 17435.76 15950.49
5/31/2015 12:00:00 AM 18069.04 16536.51
6/30/2015 12:00:00 AM 18978.11 16758.76
7/31/2015 12:00:00 AM 19642.04 16827.13
8/31/2015 12:00:00 AM 17721.76 15551.97
9/30/2015 12:00:00 AM 16618.62 14569.71
10/31/2015 12:00:00 AM 16986.33 15396.1
11/30/2015 12:00:00 AM 17241.69 15960.37
12/31/2015 12:00:00 AM 16312.19 15199.06
1/31/2016 12:00:00 AM 14391.91 13552.24
2/29/2016 12:00:00 AM 14187.62 13456.43
3/31/2016 12:00:00 AM 14933.26 14487.33
4/30/2016 12:00:00 AM 15045.62 14631.77
5/31/2016 12:00:00 AM 15188.62 15025.95
6/30/2016 12:00:00 AM 15086.48 14956.83
7/31/2016 12:00:00 AM 16005.76 15934.85
8/31/2016 12:00:00 AM 15872.98 16104.24
9/30/2016 12:00:00 AM 16312.19 16336.14
10/31/2016 12:00:00 AM 15137.55 15320.85
11/30/2016 12:00:00 AM 16261.12 16691.61
12/31/2016 12:00:00 AM 16138.55 16919.28
1/31/2017 12:00:00 AM 16444.97 17194.05
2/28/2017 12:00:00 AM 16873.97 17615.65
3/31/2017 12:00:00 AM 17650.26 17824.39
4/30/2017 12:00:00 AM 18150.76 18152.72
5/31/2017 12:00:00 AM 18722.76 17987.71
6/30/2017 12:00:00 AM 19202.83 18606.85
7/31/2017 12:00:00 AM 19631.83 18765.19
8/31/2017 12:00:00 AM 19876.97 18743.24
9/30/2017 12:00:00 AM 20387.68 19763.8
10/31/2017 12:00:00 AM 21061.82 20069.95
11/30/2017 12:00:00 AM 21930.04 20646.15
12/31/2017 12:00:00 AM 21970.89 20669.9
1/31/2018 12:00:00 AM 22798.25 21475.61
2/28/2018 12:00:00 AM 22675.68 20864.2
3/31/2018 12:00:00 AM 23186.39 21145.24
4/30/2018 12:00:00 AM 23288.54 21165.96
5/31/2018 12:00:00 AM 25699.1 22498.57
6/30/2018 12:00:00 AM 26015.75 22674.51
7/31/2018 12:00:00 AM 25974.89 23064.29
8/31/2018 12:00:00 AM 29192.38 24500.27
9/30/2018 12:00:00 AM 28753.17 23926.96
10/31/2018 12:00:00 AM 24800.25 20899.24
11/30/2018 12:00:00 AM 24698.1 21226.11
12/31/2018 12:00:00 AM 21953.15 18745.84
1/31/2019 12:00:00 AM 24283 20910.61
2/28/2019 12:00:00 AM 26011.25 22261.01
3/31/2019 12:00:00 AM 25704.98 21959.82
4/30/2019 12:00:00 AM 26339.4 22628.54
5/31/2019 12:00:00 AM 25179.94 20949.71
6/30/2019 12:00:00 AM 27225.4 22563.3
7/31/2019 12:00:00 AM 27487.92 22783.83
8/31/2019 12:00:00 AM 26405.03 21800.64
9/30/2019 12:00:00 AM 24598.93 21621.7
10/31/2019 12:00:00 AM 24992.51 22236.95
11/30/2019 12:00:00 AM 26152.16 23545.79
12/31/2019 12:00:00 AM 26492.14 24085.34
1/31/2020 12:00:00 AM 27170.34 23820.16
2/29/2020 12:00:00 AM 26205.79 22100.39
3/31/2020 12:00:00 AM 21724.6 17879.77
4/30/2020 12:00:00 AM 24481.45 20542.86
5/31/2020 12:00:00 AM 28134.08 22484.11
6/30/2020 12:00:00 AM 30615.51 23348.16
7/31/2020 12:00:00 AM 33098.43 24150.52
8/31/2020 12:00:00 AM 34018.57 25567.26
9/30/2020 12:00:00 AM 33834.87 25019.43
10/31/2020 12:00:00 AM 34467.58 25209.53
11/30/2020 12:00:00 AM 38958.71 29654.85
12/31/2020 12:00:00 AM 43255.86 32426.69
1/31/2021 12:00:00 AM 46400.56 33990.14
2/28/2021 12:00:00 AM 49964.12 35112.43
3/31/2021 12:00:00 AM 47615.81 34007.58
4/30/2021 12:00:00 AM 49939.46 34749.04
5/31/2021 12:00:00 AM 47197.78 33756.61
6/30/2021 12:00:00 AM 49807.82 35339.8
7/31/2021 12:00:00 AM 48368.37 34052.65
8/31/2021 12:00:00 AM 49311.55 34671.52
9/30/2021 12:00:00 AM 47654.68 33342.18
10/31/2021 12:00:00 AM 51981.72 34903.43
11/30/2021 12:00:00 AM 48764.05 33198.75
12/31/2021 12:00:00 AM 47203.6 33345.88

Annualized Total Returns

As of 12/31/21 As of 12/31/21
TimeFrame Calamos Timpani Small Cap Growth Fund (NAV) Russell 2000 Growth Index
1 Year 9.12 2.83
3 Year 29.07 21.17
5 Year 23.94 14.53
10 Year 17.89 14.14
Since Inception 15.49 11.85
TimeFrame Calamos Timpani Small Cap Growth Fund (NAV) Russell 2000 Growth Index
1 Year 9.12 2.83
3 Year 29.07 21.17
5 Year 23.94 14.53
10 Year 17.89 14.14
Since Inception 15.49 11.85

Important Fund Information

The performance shown in the bar chart and performance table is the performance of the Predecessor Fund prior to the commencement of the Fund's operations. Effective as of the close of business on May 31, 2019, the Fund acquired all of the assets, subject to the liabilities, of the Predecessor Fund through a tax-free reorganization (the "Reorganization"). As a result of the Reorganization, the Fund adopted the performance and financial history of the Predecessor Fund. The Fund has the same investment objective, strategy and portfolio manager as the Predecessor Fund. As a result, the performance of the Fund would have been substantially similar to that of the Predecessor Fund.The bar 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 which has been adopted by the Class I shares of the Fund and Class Y performance which has been adopted by the Class A shares of the Fund and adjusted to reflect the maximum sales load of 4.75% for Class A shares, 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. The average annual total return table does not show performance information for Class R6 shares as the Class R6 shares had not commenced investment operations as of the date of this prospectus. 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 the 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 results are before taxes on fund distributions and assume reinvestment of dividends and capital gains. Index data shown is from 3/31/11, 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 3/1/2021 are as follows: A Shares 1.40%, I Shares 1.16% and R6 Shares 1.09%. The funds' gross expense ratio as of the prospectus dated 6/25/2021 is as follows: C Shares 2.16%.

Portfolio

Fund Facts

As of 12/31/21
Name Fund Russell 2000 Growth Index
Number of Holdings 90 1,242
Debt/Capital 30.9% 41.3%
Price/Earnings 29.7x 22.6x
Price/Sales 3.5x 2.1x
ROIC 14.9% 10.1%
Net Assets $491.4 M N/A

Market Capitalization

As of 12/31/21
Market CAP Range % of Assets
<=$1bil 10.1%
>$1bil<=$2bil 16.5%
>$2bil<=$3bil 13.7%
>$3bil<=$7bil 36.4%
>$7bil 23.3%

Sector Weightings

As of 12/31/21
Sector % of Assets Russell 2000 Growth Index
Consumer Discretionary 20.8% 14.7%
Information Technology 20.6% 23.4%
Industrials 16.4% 15.1%
Health Care 15.8% 25.8%
Financials 7.8% 5.6%
Energy 5.3% 2.3%
Materials 3.9% 3.1%
Consumer Staples 3.8% 3.8%
Communication Services 2.8% 2.7%
Real Estate 0.4% 3.3%
Utilities 0.0% 0.3%
Other 0.0% 0.0%

Top 10 Holdings

As of 12/31/21
Company Sector %
SiTime Corp. Information Technology 3.5%
TopBuild Corp. Consumer Discretionary 3.4%
Celsius Holdings, Inc. Consumer Staples 2.7%
Lpl Financial Holdings, Inc. Financials 2.5%
Montrose Environmental Group, Inc. Industrials 2.5%
Ranpak Holdings Corp. - Class A Materials 2.4%
Saia, Inc. Industrials 2.2%
Inspire Medical Systems, Inc. Health Care 2.1%
BRP Group, Inc. - Class A Financials 2.1%
Boot Barn Holdings, Inc. Consumer Discretionary 2.0%
Total 25.4%

Distributions

Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2020 1.3706
2021 0.0000

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 36.64000
Q4 2020 $0.0000 0.00000

Fees & Expenses

Annual Expenses

Name A Shares C Shares I Shares R6 Shares
Gross Expense Ratio 1.40% 2.16% 1.16% 1.09%
Net Expense Ratio 1.30% 2.05% 1.05% 0.98%

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.

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Pursuing the Disproportionate Reward of Small Cap Growth Stocks

Pursue the Disproportionate Reward of Small Cap Growth Stocks with Brandon M. Nelson, founder of Timpani Capital Management, the small cap growth investment management firm acquired by Calamos in May 2019.

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.

PDF Thumb

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.

PDF Thumb

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.