CTOGX

Calamos Timpani SMID Growth Fund

Fund Stats

  • NAV

    $10.23

    $0.37 (3.75%)

    As of 10/4/22

  • Daily YTD Return

    30.12%

    As of 10/4/22

  • Total Net Assets

    $16.0 Million

    As of 6/30/22

  • 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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Performance

Calendar Year Total Returns

As of 6/30/22
Date Calamos Timpani SMID Growth Fund (NAV) Russell 2500 Growth Index
YTD 2022 -35.52 -29.45
2021 7.82 5.04
2020 58.94 40.47
2019* -3.8 0

*Reflects the fund's return from the inception date of 7/31/2019 through 12/31/2019.

Annualized Total Returns

As of 6/30/22 As of 8/31/22
TimeFrame Calamos Timpani SMID Growth Fund (NAV) Russell 2500 Growth Index
1 Year -36.35 -31.81
Since Inception 2.12 3.24
TimeFrame Calamos Timpani SMID Growth Fund (NAV) Russell 2500 Growth Index
1 Year -30.95 -25.68
3 Year 7.25 7.27
Since Inception 5.71 6.07

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 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 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.

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

As of 6/30/22
Sector % of Assets Russell 2500 Growth Index
Information Technology 23.3% 24.0%
Health Care 18.9% 19.2%
Consumer Discretionary 16.4% 11.8%
Energy 13.6% 5.2%
Industrials 9.6% 17.5%
Financials 8.5% 6.9%
Consumer Staples 5.4% 3.9%
Materials 0.0% 5.2%
Real Estate 0.0% 3.0%
Communication Services 0.0% 2.0%
Utilities 0.0% 1.3%
Other 0.0% 0.0%

Asset Allocation

As of 6/30/22
Asset Allocation %
Common Stock 95.7185
Cash and Receivables/Payables 4.2815

Top 10 Holdings

As of 6/30/22
Company Industry %
Lpl Financial Holdings, Inc. Investment Banking & Brokerage 3.8%
Patterson-UTI Energy, Inc. Oil & Gas Drilling 3.4%
Diamondback Energy, Inc. Oil & Gas Exploration & Production 3.2%
Lithia Motors, Inc. - Class A Automotive Retail 2.8%
Celsius Holdings, Inc. Soft Drinks 2.8%
ExlService Holdings, Inc. Data Processing & Outsourced Services 2.7%
SiTime Corp. Semiconductors 2.5%
Paylocity Holding Corp. Application Software 2.5%
Acadia Healthcare Company, Inc. Health Care Facilities 2.4%
Carlisle Companies, Inc. Building Products 2.2%
Total 28.3%

Fund Facts

As of 6/30/22
Name Fund Russell 2500 Growth Index
Number of Holdings 86 1,368
Debt/Capital 38.6% 51.6%
Price/Earnings 18.2x 17.2x
Price/Sales 1.9x 1.6x
ROIC 18.3% 16.0%
Net Assets $16.0 M N/A

Market Capitalization

As of 6/30/22
Market CAP Range % of Assets
<=$2bil 7.3%
>$2bil<=$4bil 21.8%
>$4bil<=$7bil 38.8%
>$7bil<=$16bil 20.5%
>$16bil 11.6%

Distributions

Total Capital Gains

Schedule: ANNUAL
Year Capital Gains
2021 1.7223

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 13.66000

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

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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

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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.

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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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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.