U.S. All Cap Growth Strategy

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 3/31/19
Inception Date: 1/01/91
Strategy Assets*: $1.5 B
Benchmark: S&P 1500 Growth

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

Resources

Sector Weightings

As of 3/31/19
Sector % of Assets S&P 1500 Growth Under/Overweight %
Information Technology 22.3% 25.2%
Health Care 17.1% 17.4%
Communication Services 16.9% 13.2%
Consumer Discretionary 16.9% 12.6%
Industrials 13.8% 9.2%
Financials 7.6% 5.7%
Consumer Staples 2.6% 5.1%
Materials 1.7% 2.2%
Energy 1.2% 3.6%
Real Estate 0.0% 3.9%
Utilities 0.0% 2.0%

Representative Portfolio Ten Largest Holdings

As of 3/31/19
Company Sector %
Microsoft Corp. Information Technology 7.1
Alphabet, Inc. - Class A Communication Services 7.1
Facebook, Inc. - Class A Communication Services 6.0
Amazon.com, Inc. Consumer Discretionary 5.9
Visa, Inc. - Class A Information Technology 3.3
Baxter International, Inc. Health Care 2.8
Alexion Pharmaceuticals, Inc. Health Care 2.1
Pfizer, Inc. Health Care 2.1
Raytheon Company Industrials 2.0
CBOE Global Markets, Inc. Financials 1.9

Characteristics

As of 3/31/19
Name Calamos Portfolio S&P 1500 Growth
Strategy Assets $1.5 B N/A
Number of Holdings 146 873
Portfolio Turnover (12 months) 47.9% N/A
Median Market Cap $11.7 $4.1
Weighted Avg. Market Cap $278.4 $255.3
ROIC 21.1% 22.2%
Debt/Capital 38.6% 45.1%
PEG Ratio 1.6x 2.1x

The results portrayed on this page are for the U.S. All Cap Growth and as such only relate to the representative portfolio shown. Representative holdings and portfolio characteristics are specific only to the portfolio shown at that point in time. Other portfolios will vary in composition, characteristics, and will experienced 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 All Cap Growth Composite which is an actively managed composite investing in common stocks, preferred stocks, securities convertible into U.S. common stocks, and U.S. 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 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 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.

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.

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.

Annualized Total Returns

As of 3/31/19
Name 1-Year 3-Year 5-Year 10-Year 15-Year Since Index Inception (7/95) Since Strategy Inception (1/91)
U.S. All Cap Growth (Gross) 8.03% 13.33% 9.59% 15.29% 8.25% 14.44% 14.23%
U.S. All Cap Growth (Net) 7.15% 12.43% 8.75% 14.40% 7.41% 13.56% 13.32%
S&P 1500 Growth Index 11.79% 15.62% 12.94% 17.20% 9.55% 9.85%

Calendar Year Returns

As of 3/31/19
Name Qtr ending Mar 19 YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991
U.S. All Cap Growth (Gross) 16.07% 16.07% -4.65% 28.16% -1.52% 3.59% 9.95% 34.55% 10.95% -7.47% 21.69% 54.17% -49.60% 24.72% 2.47% 9.75% 20.11% 44.10% -14.61% -6.32% 28.61% 81.12% 29.85% 26.70% 40.64% 30.03% -3.79% 6.45% 3.77% 42.94%
U.S. All Cap Growth (Net) 15.85% 15.85% -5.44% 27.12% -2.23% 2.83% 9.11% 33.57% 10.08% -8.21% 20.72% 52.98% -50.01% 23.80% 1.66% 8.88% 19.17% 42.95% -15.36% -7.15% 27.65% 80.11% 28.84% 25.69% 39.66% 28.99% -4.77% 5.47% 2.76% 41.93%
S&P 1500 Growth 14.84% 14.84% -0.82% 26.49% 7.90% 5.20% 13.94% 33.10% 14.81% 4.17% 16.72% 32.15% -35.02% 9.36% 10.62% 2.46% 8.28% 28.23% -27.10% -14.69% -16.44% 36.72% 36.26% 33.51% 24.59%

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 U.S. common stocks, and U.S. 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 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 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: 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.

Risk/Reward Since Inception

As of 3/31/19
Name Calamos All Cap Growth Composite S&P 1500 Growth
Alpha 4.89% N/A
Beta 1.03 1.00
Annualized Standard Deviation 21.67% 16.18%
Upside Semivariance 27.67% 12.73%
Downside Semivariance 13.06% 9.81%
Sharpe Ratio 0.56 0.47
Information Ratio 0.33 N/A

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

As of 3/31/19

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 U.S. common stocks, and U.S. 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 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 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: BNY Mellon Analytical Services LLC and Calamos Advisors LLC.

U.S. Strategy Vehicles

Vehicle Minimum
Separately Managed Accounts $5 million
Institutional Mutual Fund (CGRIX) $1 million

These investment offerings are intended for investors inside the United States. If you reside outside the United States please reference the global offerings table below.

Non-U.S. Strategy Vehicles

Vehicle Minimum
Separately Managed Accounts $5 million

These investment offerings are intended for investors outside the United States. The contents of this website have been prepared solely for informational purposes.This site is not directed at you if we are prohibited by any law of any jurisdiction from making the information on this site available to you. You should satisfy yourself before accessing the site that we would be allowed to advertise investment products to you under the law of the jurisdiction in which you reside. If you are unsure as to whether the investment products described in this site are suitable for you, we strongly recommend that you seek professional advice from a financial adviser registered in the jurisdiction in which you reside. We have not considered the suitability and/or appropriateness of any investment you may wish to make with us. 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calamos-us-growth-institutional-strategy-fact-sheet.pdf
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.

calamos-us-growth-institutional-strategy-performance-review.pdf
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.