Emerging Markets Fund (IE00B4QR1M12)

Portfolio Fit

This actively managed fund complements EM strategies with less pronounced growth orientations, such as those that more closely track the broad EM equity market.

Key Features

  • Stress company fundamentals, including global presence, strong revenue and earnings growth, solid returns on invested capital and lower debt-to-capital levels.
  • Actively seeks growth opportunities, by investing in equities, with at least 80% emerging market exposure.
  • Draws upon decades of Calamos experience investing globally through multiple economic, market and credit cycles.

Overview

The fund invests in growth companies globally, whose principal activities are in developing markets or are economically tied to developing market countries that we believe offer the best opportunities for emerging market growth.

Important Fund Information

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund's maximum 5% front-end sales charge. Had it been included, the Fund's returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Emerging Markets Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities ("UCITS"). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorised pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The "Since Inception" total return start date for the index information is 28/2/2011, since comparative index data is available only for full monthly periods. The "Since Inception" start date for the Fund is 15/2/2011.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC. 

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The Fund is offered solely to non-U.S. investors under the terms and conditions of the fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the full and simplified prospectus for the Fund may be obtained by visiting www.calamos.com/global, or by contacting the local Paying Agent listed by jurisdiction at www.calamos.com/global, or through the fund's Transfer Agent, RBC Investor Services Ireland Limited. In Switzerland, all important information such as the constituents documents, the sales prospectus, the Key Investor Informa- tion Document ("KIID") and the annual or semi-annual report can be obtained free of charge from the Swiss representative. The Swiss representative is Acolin Fund Services AG, Affolternstrasse 56, 8050 Zürich. The Swiss paying agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, CH-8022 Zürich.

Fund Details
As of 18/7/19
Inception Date: 15/02/11
Current NAV: $10.37
$ Change: $0.06
% Change: 0.58%
Total Net Assets (As of 30/6/19): $5.7 M
Morningstar Category: Global Emerging Markets Equity

Resources

Annualized Total Returns

As of 30/6/19
TimeFrame Calamos Emerging Markets Fund (NAV) MSCI Emerging Markets Index
6 Month 12.83 10.76
1 Year -2.06 1.61
3 Year 5.74 11.06
5 Year -0.75 2.87
Since Inception 0.32 3.09

Calendar Year Total Returns

As of 30/6/19
Date Calamos Emerging Markets Fund (NAV) MSCI Emerging Markets Index
YTD 2019 12.83 10.76
2018 -19.85 -14.24
2017 37.5 37.75
2016 -4.39 11.6
2015 -9.56 -14.6
2014 -5.82 -1.82
2013 7.64 -2.27
2012 7.72 18.63

Important Fund Information

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund's maximum 5% front-end sales charge. Had it been included, the Fund's returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Emerging Markets Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities ("UCITS"). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorised pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The "Since Inception" total return start date for the index information is 28/2/2011, since comparative index data is available only for full monthly periods. The "Since Inception" start date for the Fund is 15/2/2011.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC. 

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The index is calculated on a total return basis, which includes reinvestment of gross dividends before deduction of withholding taxes.

Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

The Fund is offered solely to non-U.S. investors under the terms and conditions of the fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the full and simplified prospectus for the Fund may be obtained by visiting www.calamos.com/global, or by contacting the local Paying Agent listed by jurisdiction at www.calamos.com/global, or through the fund's Transfer Agent, RBC Investor Services Ireland Limited. In Switzerland, all important information such as the constituents documents, the sales prospectus, the Key Investor Informa- tion Document ("KIID") and the annual or semi-annual report can be obtained free of charge from the Swiss representative. The Swiss representative is Acolin Fund Services AG, Affolternstrasse 56, 8050 Zürich. The Swiss paying agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, CH-8022 Zürich.

Sector Weightings

As of 30/6/19
Sector % of Assets MSCI Emerging Markets
Financials 21.5% 25.2%
Consumer Discretionary 18.9% 13.5%
Information Technology 16.9% 13.8%
Energy 8.6% 7.9%
Communication Services 8.5% 11.7%
Industrials 7.9% 5.3%
Materials 6.6% 7.6%
Consumer Staples 6.5% 6.6%
Health Care 3.1% 2.6%
Real Estate 2.7% 3.0%
Utilities 0.0% 2.7%

Asset Allocation

As of 30/6/19
Asset Allocation
Common Stock 81.3026
Convertibles 19.1283
Options 0.9394
Cash and Receivables/Payables -1.3703

Top 10 Holdings

As of 30/6/19
Company Security Type Industry %
Tencent Holdings, Ltd. Stocks Interactive Media & Services 6.4%
Alibaba Group Holding, Ltd. Stocks Internet & Direct Marketing Retail 5.3%
Ping An Exchangeable (Jp Morgan) Convertible Bonds Life & Health Insurance 4.2%
Taiwan Cement Corp. Convertible Bonds Construction Materials 4.1%
TOTAL, SA Convertible Bonds Integrated Oil & Gas 3.8%
HDFC Bank, Ltd. Stocks Diversified Banks 3.6%
Taiwan Semiconductor Mfg Co. Stocks Semiconductors 3.4%
Samsung Electronics Company Stocks Technology Hardware, Storage & Peripherals 3.2%
Tata Consultancy Services, Ltd. Stocks IT Consulting & Other Services 2.3%
AIA Group, Ltd. Stocks Life & Health Insurance 2.2%

Fund Facts

As of 30/6/19
Name Fund MSCI Emerging Markets
Number of Holdings 91 1,190
Debt/Capital 40.3% 26.1%
Duration 1.2 years N/A
EPS Growth (5 Year) 19.6% 15.2%
Median Conversion Premium 21.9% N/A
Median Investment Premium 15.7% N/A
PEG Ratio 1.7x 1.5x
Portfolio Turnover (12 months) 103.1% N/A
Price/Book 3.7x 1.5x
Price/Earnings 24.0x 13.2x
Price/Sales 3.1x 0.7x
ROIC 18.6% 16.7%
Net Assets $5.7 M N/A

Market Capitalization

As of 30/6/19
Market CAP Range % of Assets
<=$0.1bil 0.0%
>$0.1bil<=$5bil 10.8%
>$5bil<=$30bil 24.6%
>$30bil<=$200bil 43.3%
>$200bil 21.4%

Regional Exposure

As of 30/6/19
Region % of Assets
Asia/Pacific 66.5%
Europe 16.8%
Latin America 14.2%
Middle East/Africa 2.5%
North America 1.3%

Country Exposure

As of 30/6/19
Country %
China 27.2%
India 13.1%
Brazil 10.1%
Taiwan 9.2%
France 5.4%
United Kingdom 4.6%
South Korea 4.0%
Hong Kong 3.8%
Indonesia 2.7%
South Africa 2.5%

Currency Exposure

As of 30/6/19
Currency %
United States Dollar (USD) 36.8%
Hong Kong Dollar (HKD) 13.0%
Indian Rupee (INR) 13.0%
Brazilian Real (BRL) 6.5%
Taiwan Dollar (TWD) 4.3%
South Korean WON (KRW) 4.0%
Euro (EUR) 3.1%
British Pound Sterling (GBP) 2.9%
South African Rand (ZAR) 2.5%
Indonesian Rupiah (IDR) 2.2%

Credit Quality of Bonds

As of 30/6/19
Class %
AAA 0.0%
AA 41.7%
A 0.0%
BBB 0.0%
BB 21.6%
B 20.3%
CCC and below 16.4%
Unrated Securities 0.0%

Maturity Schedule

As of 30/6/19
Range %
< 1 Year -1.3%
1 To 5 Years 17.3%
5 To 10 Years 1.9%
10 To 20 Years 0.0%
20 To 30 Years 0.0%
> 30 Years 0.0%
Equities and Other 82.2%

Important Fund Information

Calamos Emerging Markets Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities ("UCITS"). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorised pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The "Since Inception" total return start date for the index information is 28/2/2011, since comparative index data is available only for full monthly periods. The "Since Inception" start date for the Fund is 15/2/2011.

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Top 10 Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government / sovereign bonds or broad based index hedging securities the portfolio may hold.

Notes

Bond Credit Quality allocation reflects the higher of the ratings of Standards & Poor's Corporation; Moody's Investors Service, Inc. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent, Nationally Recognized Statistical Rating Organizations (NRSRO), and are adjusted to the Standards & Poor's scale shown. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). The security's credit rating does not eliminate risk. The table excludes equity securities, cash and cash equivalents. For more information about securities ratings, please see the Fund's Statement of Additional Information at calamos.com. Additional information on ratings methodologies are available by visiting the NRSRO websites: www.standardandpoors.com and www.moodys.com.

Debt/Capital Ratio-Is a measure of a company's financial leverage, calculated as the company's debt divided by its total capital.

PEG Ratio-Is a stock's price/earnings ratio divided by estimated earnings growth rate in the next year; a lower PEG indicates that less is being paid for each unit of earnings growth.

Price/Earnings Ratio-Is the current stock price over trailing 12-month earnings per share.

ROIC (Return On Invested Capital)-Measures how effectively a company uses the money invested in its operations, calculated as a company's net income minus any dividends divided by the company's total capital.

The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The index is calculated on a total return basis, which includes reinvestment of gross dividends before deduction of withholding taxes.

The Fund is offered solely to non-U.S. investors under the terms and conditions of the fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the full and simplified prospectus for the Fund may be obtained by visiting www.calamos.com/global, or by contacting the local Paying Agent listed by jurisdiction at www.calamos.com/global, or through the fund's Transfer Agent, RBC Investor Services Ireland Limited. In Switzerland, all important information such as the constituents documents, the sales prospectus, the Key Investor Informa- tion Document ("KIID") and the annual or semi-annual report can be obtained free of charge from the Swiss representative. The Swiss representative is Acolin Fund Services AG, Affolternstrasse 56, 8050 Zürich. The Swiss paying agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, CH-8022 Zürich.

Total Capital Gains

A distribution has not been paid since the Fund's inception.

Schedule

Name Frequency
Distributions ANNUAL
Capital Gains ANNUAL

Important Fund Information

Performance data quoted represents past performance, and may not be a reliable guide to future results. Performance data quoted does not include the Fund's maximum 5% front-end sales charge. Had it been included, the Fund's returns would have been lower. Performance shown reflects the management fee. All performance shown assumes reinvestment of dividends and capital gains distributions. Returns for periods less than 12 months are not annualised.

Calamos Emerging Markets Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities ("UCITS"). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorised pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The "Since Inception" total return start date for the index information is 28/2/2011, since comparative index data is available only for full monthly periods. The "Since Inception" start date for the Fund is 15/2/2011.

Returns net of fees include the investment advisory fee charged by Calamos Advisors LLC. Returns greater than 12 months are annualised. All performance shown assumes reinvestment of dividends and capital gains distributions. Sources for performance data: Calamos Advisors LLC, RBC and Mellon Analytical Solutions, LLC. 

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The Fund is offered solely to non-U.S. investors under the terms and conditions of the fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the full and simplified prospectus for the Fund may be obtained by visiting www.calamos.com/global, or by contacting the local Paying Agent listed by jurisdiction at www.calamos.com/global, or through the fund's Transfer Agent, RBC Investor Services Ireland Limited. In Switzerland, all important information such as the constituents documents, the sales prospectus, the Key Investor Informa- tion Document ("KIID") and the annual or semi-annual report can be obtained free of charge from the Swiss representative. The Swiss representative is Acolin Fund Services AG, Affolternstrasse 56, 8050 Zürich. The Swiss paying agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, CH-8022 Zürich.

Annual Expenses

Name A Shares
Gross Expense Ratio 2.00%
Management Fee 1.65%

Investment Information

Name A Shares
Minimum initial investment (£/€/$) $2500
Minimum subsequent investments (£/€/$) $50

Fund Information

Name A Shares
Inception Date 15/2/11
Bloomberg Ticker CAEMAUA ID
CUSIP number G17689301
ISIN number IE00B4QR1M12
SEDOL number B4QR1M1

Calamos Emerging Markets Fund is a sub-fund of Calamos Global Funds PLC, an investment company with variable capital incorporated with limited liability in Ireland (registered number 444463), and is authorised and regulated by the Irish Financial Regulator as an Undertaking for Collective Investment in Transferable Securities ("UCITS"). The Company is a recognised scheme in the UK for the purposes of the Financial Services and Markets Act 2000, but is not authorised under such Act and therefore investors will not be entitled to compensation under the UK Financial Services Compensation Scheme. Calamos Global Funds PLC has been established as an umbrella fund with segregated liability between subfunds and is authorised pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 as amended. Calamos Investments LLP, is authorised and regulated by the Financial Conduct Authority, and is the distributor of the Calamos Global Funds PLC.

Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown. Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualised average. All performance shown assumes reinvestment of dividends and capital gains distributions. The "Since Inception" total return start date for the index information is 28/2/2011, since comparative index data is available only for full monthly periods. The "Since Inception" start date for the Fund is 15/2/2011.

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.

The Fund is offered solely to non-U.S. investors under the terms and conditions of the fund's current prospectus. The prospectus contains important information about the Fund and should be read carefully before investing. A copy of the full and simplified prospectus for the Fund may be obtained by visiting www.calamos.com/global, or by contacting the local Paying Agent listed by jurisdiction at www.calamos.com/global, or through the fund's Transfer Agent, RBC Investor Services Ireland Limited. In Switzerland, all important information such as the constituents documents, the sales prospectus, the Key Investor Informa- tion Document ("KIID") and the annual or semi-annual report can be obtained free of charge from the Swiss representative. The Swiss representative is Acolin Fund Services AG, Affolternstrasse 56, 8050 Zürich. The Swiss paying agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, CH-8022 Zürich.

calamos-emerging-marktets-fund-ucit-commentary.pdf
Quarterly Commentary

A discussion of the Emerging Markets Fund's performance versus a benchmark, positioning, related market commentary, and outlook.

calamos-emerging-markets-ucit-fact-sheet-es.pdf
Fact Sheet (Share Class A, C, I) - Spanish

The Emerging Markets fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.

calamos-emerging-markets-ucit-fact-sheet-en.pdf
Fact Sheet (Share Class A, C, I) - English

The Emerging Markets fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.

calamos-UCIT-RDR-Share-Class-Emerging-Markets-en.pdf
Fact Sheet (Share Class Z)

The Emerging Markets fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.

UCITSAnnualReport.pdf
Annual Report

The annual report includes a letter from John P. Calamos, Sr., to shareholders outlining the fund performance as well as a comprehensive review of the fund’s activities and financial performance.

UCITSSemiAnnualReport.pdf
Semi-annual Report - English

The semi-annual report includes a letter from John P. Calamos Sr., to shareholders, provides a comprehensive review of the fund’s activities and financial performance for a six month period.

UCITSSemiAnnualReport_FR
Semi-annual Report - French

The semi-annual report includes a letter from John P. Calamos Sr., to shareholders, provides a comprehensive review of the fund’s activities and financial performance for a six month period.

UCITSSemiAnnualReport_GE
Semi-annual Report - German

The semi-annual report includes a letter from John P. Calamos Sr., to shareholders, provides a comprehensive review of the fund’s activities and financial performance for a six month period.

UCITSSemiAnnualReport_GR
Semi-annual Report - Greek

The semi-annual report includes a letter from John P. Calamos Sr., to shareholders, provides a comprehensive review of the fund’s activities and financial performance for a six month period.

UCITSSemiAnnualReport_SP
Semi-annual Report - Spanish

The semi-annual report includes a letter from John P. Calamos Sr., to shareholders, provides a comprehensive review of the fund’s activities and financial performance for a six month period.

CalamosGlobalFundsProspectus
Prospectus

This prospectus sets forth concisely the information that you should know before investing. You should read the accompanying simplified prospectus, which contains important information, before deciding whether to invest in our securities.

KIIDS

The key Investor Information Document (KIID) aims to provide investors with a transparent and concise overview of funds in a standard format.