Strategy Objective

An all-cap growth equity strategy that invests in the common stocks of growth companies and seeks to outperform the S&P 1500 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

Strategy Details

As of 9/30/21
Inception Date: 1/01/91
Strategy Assets*: $1.8 B
Benchmark: S&P 1500 Growth Index

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

Portfolio

Sector Weightings

As of 9/30/21
Sector % of Assets S&P 1500 Growth Index Under/Overweight %
Information Technology 40.1% 40.2%
Consumer Discretionary 17.5% 16.4%
Communication Services 15.0% 14.5%
Health Care 11.2% 12.2%
Industrials 8.8% 6.2%
Financials 4.1% 3.3%
Consumer Staples 1.7% 3.1%
Materials 1.3% 1.9%
Energy 0.2% 0.2%
Real Estate 0.1% 1.4%
Utilities 0.0% 0.5%
Other 0.0% 0.0%

Representative Portfolio Ten Largest Holdings

As of 9/30/21
Company Sector %
Microsoft Corp. Information Technology 9.8
Amazon.com, Inc. Consumer Discretionary 7.3
Alphabet Inc- Class A Communication Services 6.4
Apple, Inc. Information Technology 6.4
Meta Platforms, Inc. Communication Services 5.0
NVIDIA Corp. Information Technology 3.5
Tesla, Inc. Consumer Discretionary 3.4
Salesforce.com, Inc. Information Technology 2.4
Paypal Holdings, Inc. Information Technology 2.2
Adobe, Inc. Information Technology 1.8

Characteristics

As of 9/30/21
Name Calamos Portfolio S&P 1500 Growth Index
Number of Holdings 159 809
Portfolio Turnover (12 months) 46.2% N/A
Median Market Cap $17.4 B $5.2 B
Weighted Avg. Market Cap $760.2 B $848.8 B
ROIC 27.7% 30.3%
Debt/Capital 34.8% 43.2%
PEG Ratio 2.0x 2.0x

Performance

Annualized Total Returns

As of 9/30/21
Name 1-Year 3-Year 5-Year 10-Year Since Index Inception (7/95) Since Strategy Inception (1/91)
U.S. All Cap Growth (Gross) 32.26% 20.13% 19.94% 16.21% 15.45% 15.10%
U.S. All Cap Growth (Net) 31.09% 19.10% 18.94% 15.29% 14.55% 14.19%
S&P 1500 Growth Index 29.52% 19.48% 20.54% 18.63% 11.21%

Calendar Year Returns

As of 9/30/21
Name Qtr ending Sep 21 YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
U.S. All Cap Growth (Gross) 0.68% 14.59% 34.68% 32.75% -4.65% 28.16% -1.52% 3.59% 9.95% 34.55% 10.95%
U.S. All Cap Growth (Net) 0.45% 13.82% 33.50% 31.68% -5.44% 27.12% -2.23% 2.83% 9.11% 33.57% 10.08%
S&P 1500 Growth Index 1.59% 16.10% 32.43% 30.56% -0.82% 26.49% 7.90% 5.20% 13.94% 33.10% 14.81%

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 All Cap Growth Composite which is an actively managed composite investing in common stocks, preferred stocks, securities convertible into US common stocks, and US dollar-denominated American Depository Receipts, primarily in high growth industries and companies across all market capitalizations. The Composite was created July 1, 2010, calculated with an inception date of January 1, 1991 and includes all fully discretionary, fee paying 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 S&P 1500 Growth Index consists of the growth segment of the securities found in the S&P 1500 Index. The S&P 1500 combines the S&P 500, S&P MidCap 400 and the S&P SmallCap 600.

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

Risk/Reward Since Inception

As of 9/30/21
Name Calamos All Cap Growth Composite S&P 1500 Growth Index
Alpha 4.39% N/A
Beta 1.03 1.00
Annualized Standard Deviation 21.52% 16.43%
Upside Semivariance 27.55% 13.73%
Downside Semivariance 12.84% 9.69%
Sharpe Ratio 0.62 0.55
Information Ratio 0.32 N/A

Since Inception Up/Down Capture Vs. S&P 1500 Growth Index

As of 9/30/21

Vehicles & Minimums

Vehicles and Minimums

Vehicle Minimum Availability
Separately Managed Accounts $5 million Available to new investors
Institutional Mutual Fund (CGRIX) $1 million These investment offerings are intended for investors inside the United States.

Literature

PDF Thumb

U.S. All Cap Growth Fact Sheet

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

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U.S. All Cap Growth Performance Review

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