Global Sustainable Equities Strategy

The results portrayed on this page are for the Global Sustainable Equities Strategy and as such only relate to the representative portfolio shown at that point in time. Other portfolios will vary in composition, characteristics, and will experience different investment results. The representative portfolio shown has been selected by the advisor based on account characteristics that the advisor feels accurately represents the investment strategy as a whole.

Returns or Risk/Rewards statistics presented reflect the Calamos Global Sustainable Equities Composite, which is an actively managed composite that utilizes an integrated proprietary ESG process benchmarked to the MSCI ACWI Index to invest in common stocks, preferred stocks, securities convertible into global common stocks, and U.S. dollar-denominated American Depository Receipts, primarily in high-growth industries and companies worldwide and across all market capitalizations. On August 25, 2021, Calamos acquired Pearl Impact Capital, LLC, which has managed the strategy since its inception in 2019. The Calamos Global Sustainable Equities Composite was formerly named the PIC Global Opportunities Portfolio. This name change was effected August 25, 2021.The Composite was created January 1, 2019, calculated with an inception date of January 1, 2019. The Composite results include all fully discretionary accounts, including those no longer with the Firm.

Statistics based on percentage of invested portfolio and are subject to change. Sector weightings exclude any government/sovereign bonds or broad-based index hedging securities the portfolio may hold.

ESG Characteristics are based on a market cap weighted average.

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 MSCI ACWI Index (Net) is a free float-adjusted market-capitalization-weighted index that is designed to measure the equity market performance of developed markets and emerging markets. The index is calculated in both U.S. dollars and local currencies. Unmanaged index returns assume reinvestment of any and all distributions and do not reflect any fees, expenses or sales charges. Net return basis approximates the minimum possible reinvestment of regular cash distributions by deducting withholding tax based on the maximum rate of the company's country of incorporation applicable to institutional investors. Investors cannot invest directly in an index.

Active share is the fraction of a portfolio's holdings that deviate from the benchmark index.

Sustainalytics rank/score is the overall percentile rank assigned to the company based on its environmental, social and governance (ESG) total score relative to its industry peers. For the top 1% the percentile is 99%; for the bottom 1% the percentile is 1%. This is Sustainalytics' most comprehensive percentile rank. Aggregate ESG performance encompasses a company's level of preparedness, disclosure and controversy across all three ESG themes.

ISS Quality Score is the overall score assigned by Institutional Shareholder Services (ISS) to the company's governance practices. The score ranges from 1 for best to 10 for worst.

S&P Global ESG Rank or the Total Sustainability Score is based on individual questions that roll up into criteria, which in turn roll up into the three dimensions of Economic, Environmental and Social. The types and weights of individual questions and criteria are adjusted for each industry-specific questionnaire to reflect the materiality of specific sustainability themes within each industry.

The information provided in this page should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities discussed herein will remain in an account's portfolio at the time you receive this report or that securities sold have not been repurchased. The securities discussed do not represent an account's entire portfolio and in the aggregate may represent only a small percentage of an account's portfolio holdings. Ten Largest Holdings exclude any government/sovereign bonds or broad-based index hedging securities the portfolio may hold.

It should not be assumed that any of the securities transactions or holdings discussed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities discussed herein.

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

Past performance does not guarantee or indicate future results. 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 or Risk/Rewards statistics presented reflect the Calamos Global Sustainable Equities Composite, which is an actively managed composite that utilizes an integrated proprietary ESG process benchmarked to the MSCI ACWI Index to invest in common stocks, preferred stocks, securities convertible into global common stocks, and U.S. dollar-denominated American Depository Receipts, primarily in high-growth industries and companies worldwide and across all market capitalizations. On August 25, 2021, Calamos acquired Pearl Impact Capital, LLC, which has managed the strategy since its inception in 2019. The Calamos Global Sustainable Equities Composite was formerly named the PIC Global Opportunities Portfolio. This name change was effected August 25, 2021.The Composite was created January 1, 2019, calculated with an inception date of January 1, 2019. The Composite results include all fully discretionary accounts, including those no longer with the Firm.

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 MSCI ACWI Index (Net) is a free float-adjusted market-capitalization-weighted index that is designed to measure the equity market performance of developed markets and emerging markets. The index is calculated in both U.S. dollars and local currencies. Unmanaged index returns assume reinvestment of any and all distributions and do not reflect any fees, expenses or sales charges. Net return basis approximates the minimum possible reinvestment of regular cash distributions by deducting withholding tax based on the maximum rate of the company's country of incorporation applicable to institutional investors. Investors cannot invest directly in an index.

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