Institutional Strategies Main

Global Growth

Strategy Details




As of 12/31/18
Inception Date:
04/01/07
Strategy Assets*:
$141.0 M
Benchmark:
MSCI ACWI Growth

Resources

*Strategy Assets reflect all assets that are currently being managed (collectively) under the strategy, which may contain multiple performance composites.

Strategy Objective

A global all-cap growth equity strategy that invests in the common stocks of global growth companies and seeks to outperform the MSCI ACWI Growth Index over a full market cycle.

Key Differentiators
  • In-depth capital structure analysis
  • Rigorous top-down and fundamental research
  • High active share, high relative growth focus
  • Team approach to management

Sector Weightings

AS OF 12/31/18
% of Assets MSCI ACWI Growth Under/Overweight %
Information Technology 19.2% 22.2%
Consumer Discretionary 16.5% 15.0%
Communication Services 14.3% 11.3%
Health Care 13.8% 12.1%
Financials 11.5% 8.1%
Consumer Staples 9.8% 9.1%
Industrials 8.0% 12.8%
Energy 4.2% 2.3%
Real Estate 1.8% 2.0%
Materials 0.9% 4.4%
Utilities 0.0% 0.7%
 

Representative Portfolio Ten Largest Holdings

AS OF 12/31/18
Company Sector %
Tencent Holdings, Ltd. Communication Services 4.0
Apple, Inc. Information Technology 4.0
Alibaba Group Holding, Ltd. Consumer Discretionary 3.9
Alphabet, Inc. - Class A Communication Services 3.7
Amazon.Com, Inc. Consumer Discretionary 3.6
Walt Disney Company Communication Services 2.9
Mastercard, Inc. - Class A Information Technology 2.6
Nintendo Company, Ltd. Communication Services 2.4
Lululemon Athletica, Inc. Consumer Discretionary 2.3
Treasury Wine Estates, Ltd. Consumer Staples 2.3

Characteristics

AS OF 12/31/18
  Calamos Portfolio MSCI ACWI Growth
Strategy Assets $141.0 million N/A
# of Holdings 70 1454
Portfolio Turnover % (12-Month) 73.6% N/A
Median Market Cap ($bil) $40.8 $9.0
Weighted Average Market Cap ($bil) $170.9 $175.3
ROIC % 19.5% 18.4%
Debt/Capital % 34.1% 37.1%
PEG Ratio (1 year forward) 1.5x 1.7x

44605C

Annualized Total Returns

AS OF 12/31/18
1-Year3-Year5-Year10-YearSince Inception (4/07)
Global Growth (Gross)-14.26%5.55%4.90%13.26%7.33%
Global Growth (Net)-15.16%4.44%3.78%12.08%6.19%
MSCI ACWI Growth-7.83%7.61%6.09%11.18%5.52%

Calendar Year Returns

AS OF 12/31/18
                           Qtr Ending Dec 18YTD 2018201720162015201420132012201120102009200804/01/2007 to 12/31/2007
Global Growth (Gross)-18.04%-14.26%36.27%0.65%6.04%1.87%20.97%14.35%-0.78%26.62%57.32%-45.03%20.41%
Global Growth (Net)-18.27%-15.16%34.90%-0.47%4.90%0.77%19.61%12.98%-1.75%25.49%55.89%-45.75%19.49%
MSCI ACWI Growth-14.60%-7.83%30.44%3.64%1.91%5.82%23.62%17.17%-7.04%15.49%38.10%-42.71%13.82%



44605B

Risk/Reward Since Inception

AS OF 12/31/18
  Calamos Global Growth Composite MSCI ACWI Growth
Alpha 1.61% N/A
Beta 1.05 1.00
Standard Deviation 17.78% 16.37%
Upside Semivariance 14.55% 10.97%
Downside Semivariance 12.12% 11.53%
Sharpe Ratio 0.3711 0.2925
Information Ratio 0.3897 N/A

Since Inception Up/Down Capture Vs. MSCI ACWI Growth

AS OF 12/31/18

44605B

Strategy Vehicles

Separately Managed Accounts Minimum: $25 million
Commingled Pool $1 million
Available for both qualified and non-qualified plans.
Institutional Mutual Fund (CIGEX) Minimum $1 million

34605E

Fact Sheet The Global Growth Strategy fact sheet provides a snap shot of the investment team, the investment strategy, performance, composition, ratings and returns.
Email Twitter Facebook LinkedIn
Performance Review A discussion of the Calamos Global Growth Strategy’s performance versus a benchmark, positioning, related market commentary, and outlook.
Email Twitter Facebook LinkedIn
Finding Growth Opportunities Around the World A discussion of the Calamos Global Growth strategy which has historically provided a focus on high-quality growth companies; diversification across sectors and global markets; and strong excess returns versus the MSCI ACWI Growth Index.
Email Twitter Facebook LinkedIn