Fund Stats
-
Total Net Assets
$6.5 Million
-
Inception Date
7/6/22
Portfolio Fit
The fund can provide a long-term core equity allocation, which exhibits potentially lower volatility and delivers attractive income.
Key Features
- Leverages more than four decades of experience combining equities convertibles, fixed income securities and options to provide equity-like participation while maintaining a lower risk posture throughout the market cycle.
- Research-driven approach identifies opportunities by combining top-down analysis with a research focus on key growth characteristics.
Overview
The UCITS fund invests primarily in US equities, convertibles, fixed-income securities and options, endeavoring to balance risk/reward while providing growth and income.The fund is actively managed and is suitable for long-term investors.The fund uses the S&P 500 Index and ICE BofA All US Convert Ex Mand Index as comparative benchmarks but not to constrain the fund's portfolio or as a target for performance.
Performance
Annualized Total Returns
| TimeFrame | Calamos Growth and Income Fund (NAV) | S&P 500 Index | ICE BofA All US Convert Ex Mand Index |
|---|---|---|---|
| Since Inception | -5.5 | -3.88 | 0.44 |
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.
S&P 500 Index is generally considered representative of the US stock market.
ICE BofA All US Convertible Ex Mandatory- Represents the US convertible market excluding mandatory convertibles. Source ICE Data Indices, LLC, used with permission. ICE permits use of the ICE BofA indices and related data on an 'as is' basis, makes no warranties regarding same, does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofA Indices or data included in, related to, or derived therefrom, assumes no liability in connection with the use of the foregoing and does not sponsor, endorse or recommend Calamos Advisors LLC or any of its products or services.
Unmanaged index returns, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Portfolio
Sector Weightings
| Sector | % of Assets | S&P 500 Index |
|---|---|---|
| Information Technology | 24.6% | 27.3% |
| Health Care | 12.5% | 14.1% |
| Consumer Discretionary | 10.8% | 11.4% |
| Communication Services | 9.2% | 8.4% |
| Financials | 8.6% | 10.9% |
| Industrials | 7.5% | 7.9% |
| Consumer Staples | 5.8% | 6.8% |
| Energy | 4.8% | 4.7% |
| Utilities | 3.0% | 3.1% |
| Materials | 2.2% | 2.5% |
| Real Estate | 1.4% | 2.9% |
| Other | 2.0% | 0.0% |
Asset Allocation
| Asset Allocation | % |
|---|---|
| Common Stock | 70.4007 |
| Convertibles | 19.9532 |
| Cash and Receivables/Payables | 7.6167 |
| US Government Securities | 1.8202 |
| Options | 0.2093 |
Top 10 Holdings
| Company | Industry | % |
|---|---|---|
| Apple, Inc. | Technology Hardware, Storage & Peripherals | 6.7% |
| Microsoft Corp. | Systems Software | 5.5% |
| Alphabet, Inc. - Class A | Interactive Media & Services | 3.6% |
| Amazon.com, Inc. | Internet & Direct Marketing Retail | 3.1% |
| UnitedHealth Group, Inc. | Managed Health Care | 2.1% |
| Tesla, Inc. | Automobile Manufacturers | 1.6% |
| Visa, Inc. - Class A | Data Processing & Outsourced Services | 1.4% |
| Johnson & Johnson | Pharmaceuticals | 1.4% |
| Raytheon Technologies Corp. | Aerospace & Defense | 1.4% |
| T-Mobile USA, Inc. | Wireless Telecommunication Services | 1.1% |
Fund Facts
| Name | Fund | S&P 500 Index |
|---|---|---|
| Number of Holdings | 162 | 503 |
| Debt/Capital | 46.0% | 46.4% |
| Duration | 1.4 years | N/A |
| Conversion Premium | 25.1% | N/A |
| Investment Premium | 19.6% | N/A |
| ROIC | 24.0% | 24.5% |
| Net Assets | $6.5 M | N/A |
Market Capitalization
| Market CAP Range | % of Assets |
|---|---|
| <=$0.10bil | 0.0% |
| >$0.10bil<=$5bil | 0.0% |
| >$5bil<=$30bil | 6.2% |
| >$30bil<=$200bil | 37.9% |
| >$200bil | 55.9% |
Credit Quality of Bonds
| Class | % |
|---|---|
| AAA | 8.4% |
| AA | 0.0% |
| A | 2.1% |
| BBB | 19.6% |
| BB | 6.6% |
| B | 0.6% |
| CCC and below | 0.0% |
| Unrated Securities | 62.7% |
Maturity Schedule
| Range | % |
|---|---|
| < 1 Year | 7.7% |
| 1 to 5 Years | 15.3% |
| 5 to 10 Years | 0.9% |
| 10 to 20 Years | 0.0% |
| 20 to 30 Years | 0.0% |
| > 30 Years | 0.0% |
| Equities and Other | 76.1% |
Distributions
Total Capital Gains
A distribution has not been paid since the Fund's inception.
Schedule
| Name | Frequency |
|---|---|
| Distributions | ANNUAL |
| Capital Gains | ANNUAL |
Fees & Expenses
Annual Expenses
| Name | A Shares |
|---|---|
| Gross Expense Ratio | 2.00% |
| Management Fee | 1.65% |
Investment Information
| Name | A Shares |
|---|---|
| Minimum initial investment (£/€/$) | $2500 |
| Minimum subsequent investments (£/€/$) | $50 |
Fund Information
| Name | A Shares |
|---|---|
| Inception Date | 7/6/22 |
| Bloomberg Ticker | CGIFAUA ID |
| ISIN number | IE000VKXOHZ8 |
Literature
Fact Sheet (Share Class A, N, I, Z) - English
The Growth and Income fact sheet provides a snapshot of the investment team, the fund strategy, performance, composition, ratings and returns.
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.
Semi-annual Report
The semi-annual report provides a comprehensive review of the fund’s activities and financial performance for a six month period.
Investment Manager Commentary, July 2022
John Hillenbrand, CPA, discusses his confidence in the positive long-term growth trajectory of the US economy, but notes that in the short-term, the extreme conditions of recent years have not reverted to a more normal environment. Reflecting these perspectives, the fund is positioned with a defensive posture and a focus on lower-risk areas.