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 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

Strategy Details

As of 3/31/24
Inception Date: 4/01/07
Strategy Assets*: $197.7 M
Benchmark: MSCI ACWI Index

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


Sector Weightings

As of 3/31/24
Sector % of Assets MSCI ACWI Index Under/Overweight %
Information Technology 34.0% 23.7%
Industrials 16.8% 10.8%
Consumer Discretionary 16.1% 10.9%
Health Care 12.5% 11.2%
Communication Services 5.9% 7.6%
Financials 5.3% 16.1%
Energy 3.7% 4.5%
Consumer Staples 2.4% 6.4%
Real Estate 2.0% 2.2%
Materials 1.3% 4.2%
Utilities 0.0% 2.5%
Other 0.0% 0.0%

Representative Portfolio Ten Largest Holdings

As of 3/31/24
Company Country Sector %
NVIDIA Corp. United States Information Technology 10.0
Microsoft Corp. United States Information Technology 5.2
Novo Nordisk A/S (ADR) Denmark Health Care 4.5
Eli Lilly & Company United States Health Care 4.4, Inc. United States Consumer Discretionary 3.7
Micron Technology, Inc. United States Information Technology 3.1
Canadian Natural Resources, Ltd. Canada Energy 2.9
ASML Holding, NV Netherlands Information Technology 2.6
Taiwan Semiconductor Mfg Taiwan Information Technology 2.6
MakeMyTrip, Ltd. India Consumer Discretionary 2.4


As of 3/31/24
Name Calamos Portfolio MSCI ACWI Index
Number of Holdings 57 2,834
Portfolio Turnover (12 months) 82.9% N/A
Median Market Cap $85.1 B $12.3 B
Weighted Avg. Market Cap $700.1 B $524.4 B
ROIC 26.6% 20.8%
Debt/Capital 38.7% 40.1%
PEG Ratio 1.9x 2.0x


Annualized Total Returns

As of 3/31/24
Name 1-Year 3-Year 5-Year 10-Year Since Inception (4/01/07)
Global Growth (Gross) 38.38% 7.77% 16.50% 12.23% 10.80%
Global Growth (Net) 36.93% 6.62% 15.30% 11.06% 9.63%
MSCI ACWI Index 23.81% 7.46% 11.45% 9.22% 7.07%

Calendar Year Returns

As of 3/31/24
Name Qtr ending Mar 24 YTD 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Global Growth (Gross) 19.42% 19.42% 25.99% -26.62% 18.06% 45.98% 30.88% -14.26% 36.27% 0.65% 6.04%
Global Growth (Net) 19.13% 19.13% 24.64% -27.44% 16.85% 44.60% 29.55% -15.16% 34.90% -0.47% 4.90%
MSCI ACWI Index 8.32% 8.32% 22.81% -17.96% 19.04% 16.82% 27.30% -8.93% 24.62% 8.48% -1.84%

Past performance does not guarantee or indicate future results. Current performance may be lower or higher than the performance quoted. 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.

Returns presented reflect the Calamos Global Growth Composite which is an actively managed composite primarily investing in a globally-diversified portfolio of equity securities. The Composite was created March 22, 2007 calculated with an inception date of April 1, 2007 and includes all fully discretionary accounts, including those no longer with the Firm.

Unmanaged index returns, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

The MSCI ACWI Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets and emerging markets.

Fees include the investment advisory fee charge by Calamos Advisors LLC. Returns greater than 12 months are annualized. Chart Data Sources: Calamos Advisors LLC.

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.


Risk/Reward Since Inception

As of 3/31/24
Name Calamos Global Growth Composite MSCI ACWI Index
Alpha 3.41% N/A
Beta 1.04 1.00
Annualized Standard Deviation 18.32% 16.65%
Upside Semivariance 17.02% 12.52%
Downside Semivariance 11.82% 10.95%
Sharpe Ratio 0.53 0.36
Information Ratio 0.64 N/A

Since Inception Up/Down Capture Vs. MSCI ACWI Index

As of 3/31/24

Vehicles & Minimums

Vehicles and Minimums

Vehicle Minimum Availability
Separately Managed Accounts $25 million Available to new investors
Commingled Pool $10 million Available to new investors
Institutional Mutual Fund (CIGEX) $1 million These investment offerings are intended for investors inside the United States.


Fact Sheet

The Global Growth Strategy fact sheet provides a snap shot of the investment team, the investment strategy, performance, composition, ratings and returns.

Performance Review

A discussion of the Calamos Global Growth Strategy’s performance versus a benchmark, positioning, related market commentary, and outlook.

Calamos Financial Services LLC, Distributor

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