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Fund Stats
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NAV
$9.92
$0.09 (0.90%)
-
Daily YTD Return
4.97%
-
Total Net Assets
$16.7 Million
-
Inception Date
7/31/19
Overview
The fund invests in the equity securities of small and mid capitalization companies with high, sustainable growth potential, which may exceed market expectations.
Key Features
- Combines fundamental research with the analysis of estimate revisions 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 and mid cap companies.
Portfolio Fit
Investing in small and mid cap companies is an important component of a diversified investment strategy. Small and midsize companies tend to have a greater chance of growing rapidly and outperforming large cap companies, yet this greater potential also raises the probability of greater volatility-which is why we believe active management is crucial.
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ComparePerformance
Calendar Year Total Returns
| Date | Calamos Timpani SMID Growth Fund (NAV) | Calamos Timpani SMID Growth Fund Load-Adjusted | Russell 2500 Growth Index |
|---|---|---|---|
| 2022 | -35.01 | -38.11 | -26.21 |
| 2021 | 7.6 | 2.48 | 5.04 |
| 2020 | 58.48 | 50.94 | 40.47 |
| 2019* | -3.9 | -8.48 | 0 |
*Reflects the fund's return from the inception date of 7/31/2019 through 12/31/2019.
Annualized Total Returns
| TimeFrame | Calamos Timpani SMID Growth Fund (NAV) | Calamos Timpani SMID Growth Fund Load-Adjusted | Russell 2500 Growth Index |
|---|---|---|---|
| 1 Year | -35.01 | -38.11 | -26.21 |
| 3 Year | 3.49 | 1.82 | 2.88 |
| Since Inception | 1.86 | 0.42 | 4.11 |
| TimeFrame | Calamos Timpani SMID Growth Fund (NAV) | Calamos Timpani SMID Growth Fund Load-Adjusted | Russell 2500 Growth Index |
|---|---|---|---|
| 1 Year | -35.01 | -38.11 | -26.21 |
| 3 Year | 3.49 | 1.82 | 2.88 |
| Since Inception | 1.86 | 0.42 | 4.11 |
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 7/31/19, 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.
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.
The Russell 2500® Growth Index measures the performance of the small to midcap growth segment of the US equity universe. It includes those Russell 2500 companies with higher growth earning potential. The Russell 2500 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 1.79%, I Shares 1.55% and R6 Shares 1.48%.
Portfolio
Sector Weightings
| Sector | % of Assets | Russell 2500 Growth Index |
|---|---|---|
| Health Care | 22.8% | 19.4% |
| Information Technology | 21.1% | 22.0% |
| Industrials | 19.0% | 18.5% |
| Consumer Discretionary | 15.3% | 12.2% |
| Consumer Staples | 10.9% | 3.9% |
| Energy | 7.5% | 6.2% |
| Financials | 2.2% | 6.9% |
| Materials | 0.0% | 5.2% |
| Real Estate | 0.0% | 2.6% |
| Communication Services | 0.0% | 1.8% |
| Utilities | 0.0% | 1.3% |
| Other | 0.0% | 0.0% |
Asset Allocation
| Asset Allocation | % |
|---|---|
| Common Stock | 98.9012 |
| Cash and Receivables/Payables | 1.0988 |
Top 10 Holdings
| Company | Industry | % |
|---|---|---|
| Celsius Holdings, Inc. | Soft Drinks | 4.3% |
| Axon Enterprise, Inc. | Aerospace & Defense | 4.2% |
| Calix, Inc. | Communications Equipment | 3.3% |
| elf Beauty, Inc. | Personal Products | 3.2% |
| Deckers Outdoor Corp. | Footwear | 3.1% |
| Tecnoglass, Inc. | Building Products | 2.8% |
| Harmonic, Inc. | Communications Equipment | 2.1% |
| Valmont Industries, Inc. | Construction & Engineering | 2.0% |
| Etsy, Inc. | Internet & Direct Marketing Retail | 2.0% |
| Penumbra, Inc. | Health Care Equipment | 1.9% |
| Total | 28.9% |
Fund Facts
| Name | Fund | Russell 2500 Growth Index |
|---|---|---|
| Number of Holdings | 87 | 1,335 |
| Debt/Capital | 34.0% | 45.7% |
| Price/Earnings | 19.5x | 15.2x |
| Price/Sales | 2.0x | 1.5x |
| ROIC | 20.2% | 14.0% |
| Net Assets | $16.7 M | N/A |
Market Capitalization
| Market CAP Range | % of Assets |
|---|---|
| <=$2bil | 16.8% |
| >$2bil<=$4bil | 23.4% |
| >$4bil<=$7bil | 19.6% |
| >$7bil<=$16bil | 34.6% |
| >$16bil | 5.6% |
Distributions
Total Capital Gains
| Year | Capital Gains |
|---|---|
| 2021 | 1.7223 |
| 2022 | 0.0000 |
Schedule
| Name | Frequency |
|---|---|
| Distributions | ANNUAL |
| Capital Gains | ANNUAL |
2022 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 21, 2022. To view the report, click here.
Distributions
| Frequency | Income | Reinvest |
|---|---|---|
| Q4 2022 | $0.0000 | 9.63000 |
| Q4 2021 | $0.0000 | 13.56000 |
Fees & Expenses
Annual Expenses
| Name | A Shares | I Shares | R6 Shares |
|---|---|---|---|
| Gross Expense Ratio | 1.79% | 1.55% | 1.48% |
| Net Expense Ratio | 1.35% | 1.10% | 1.08% |
Investment Information
| Name | A Shares | I Shares | R6 Shares |
|---|---|---|---|
| Minimum initial investment | $2500 | $1 million | $0 |
| Minimum subsequent investments | $50 | N/A | N/A |
| IRA initial investments | $500 | N/A | N/A |
Fund Information
| Name | A Shares | I Shares | R6 Shares |
|---|---|---|---|
| Inception Date | 7/31/19 | 7/31/19 | 7/31/19 |
| Ticker Symbol | CTAGX | CTIGX | CTOGX |
| CUSIP number | 128120375 | 128120367 | 128120359 |
Sales & Distribution
| Name | A Shares | I Shares | R6 Shares |
|---|---|---|---|
| Sales Load | Front-End | N/A | N/A |
| Maximum Sales Charge | 4.75 | N/A | N/A |
| US Bank Fund Number | 5653 | 5654 | 5655 |
| 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 of Class A shares and Class I shares are limited to 1.35% and 1.10% 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 1.10% 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
About the Fund
Calamos Timpani SMID Growth Fund Fact Sheet
The Timpani SMID Growth Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
Prospectus and Reports
Calamos Timpani SMID Growth Fund Prospectus
This summary contains important information about the Class A, I, and R6 Timpani SMID Growth 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.