Portfolio Fit
The Discovery Growth Fund is a small and mid cap growth equity allocation option.
Key Features
The fund invests in small and midsize U.S. companies that we believe offer the best potential for growth.
The Calamos Difference
- Active management means applying over 20 years of growth investing experience to the small and mid cap arenas
- Stress company fundamentals, including global presence, strong revenue and earnings growth, solid returns on invested capital and lower debt-to-capital levels
Fund Objective
The fund seeks long-term capital growth.
Fund Benchmarks
- Russell 2500 Growth Index
Investment Process
The fund's investment team employs an investment process that considers global macro economic factors and investment themes. The team conducts both fundamental and quantitative research to evaluate the source, sustainability and risk of investment opportunities. The team manages a diversified portfolio monitoring and managing risk at the portfolio and individual security level.
Investment Team
John P. Calamos, Sr., Global Co-Chief Investment Officer and Gary D. Black, Global Co-Chief Investment Officer lead an integrated team of experienced investment professionals.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
Important Risk Information
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus.
The principal risks of investing in the Discovery Growth Fund include: equity securities risk, small and mid-sized company stock risk, growth stock risk, foreign securities risk and portfolio selection risk.
As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
NOTES
Annualized Standard Deviation-A statistical measure of the historical volatility of a mutual fund or portfolio, usually computed using 36 monthly returns. More generally, a measure of the extent to which numbers are spread around their average.
Beta-Is a historic measure of a fund's relative volatility, which is one of the measures of risk; a beta of 0.5 reflects 1/2 the market's volatility as represented by the S&P 500 Index, while a beta of 2.0 reflects twice the market's volatility.
Lipper Multi-Cap Growth Funds-Represents funds that, by portfolio practice, invest in a variety of market capitalization ranges without concentrating 75% of their equity assets in any one market capitalization range over an extended period of time. Multi-cap growth funds typically have an above-average price-to-earnings ratio, price-to-book ratio, and three-year sales-per-share growth value, compared to the S&P SuperComposite 1500 Index.
The Russell 2500 Growth Index measures the performance of the small to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values.
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 Fund’s investment adviser has contractually agreed to reimburse Fund expenses through June 30, 2013 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B, Class C, Class I and Class R are limited to:
1.50%, 2.25%, 2.25%, 1.25% and 1.75% of average net assets respectively for the Calamos Discovery Growth Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2012 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
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.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
As of the prospectus dated 2/29/2012, the Fund’s gross expense ratio for Class A shares is 1.84%; Class B shares is 2.61%; Class C shares is 2.60%; Class I shares is 1.55%.
Calamos Advisors has contractually agreed through June 30, 2011 to limit the annual ordinary operating expenses of the Fund, as a percentage of the average net assets of the particular class of shares, to 1.50% for Class A shares, 2.25% for Class B shares and 2.25% for Class C shares. For purposes of this agreement, operating expenses do not include dividend expense on short positions.
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.
Calendar Year Total Returns
AS OF 3/31/13
Annualized Total Returns
AS OF 3/31/13
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
10k Performance is for the Fund’s Class A shares at net asset value and does not include the Fund’s maximum front-end sales charge of 4.75%—had it been included, the Fund’s return would have been lower. Index data shown is from 5/31/10, since comparative index data is available only for full monthly periods. Source: State Street Corporation and Lipper, Inc.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Fund Information. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund’s maximum front-end sales load of 4.75%—had it been included, the Fund’s return would have been lower. Calendar year returns measure net investment income and capital gain or loss from portfolio investments for each period specified. 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. The Fund also offers Class B and C Shares, the performance of which may vary. As of the prospectus dated 2/29/12, the Fund’s gross expense ratios for Class A shares is 1.84%; Class B shares is 2.61%; Class C shares is 2.60%; Class I shares is 1.55%.
The offering price for Class I shares is the NAV per share with no initial sales charge. There are no contingent deferred sales charges or distribution or service fees with respect to Class I shares. The minimum initial investment required to purchase each Fund’s Class I shares is $1 million. Class I shares are offered primarily for direct investment by investors through certain tax-exempt retirement plans (including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans, defined benefit plans and non qualified deferred compensation plans) and by institutional clients, provided such plans or clients have assets of at least $1 million. Class I shares may also be offered to certain other entities or programs, including, but not limited to, investment companies, under certain circumstances. † Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
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 Russell 2500 Growth Index measures the performance of the small to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values.
The Fund’s investment adviser has contractually agreed to reimburse Fund expenses through June 30, 2013 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B, Class C, Class I and Class R are limited to:
1.50%, 2.25%, 2.25%, 1.25% and 1.75% of average net assets respectively for the Calamos Discovery Growth Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2012 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
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.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
As of the prospectus dated 2/29/2012, the Fund’s gross expense ratio for Class A shares is 1.84%; Class B shares is 2.61%; Class C shares is 2.60%; Class I shares is 1.55%.
Calamos Advisors has contractually agreed through June 30, 2011 to limit the annual ordinary operating expenses of the Fund, as a percentage of the average net assets of the particular class of shares, to 1.50% for Class A shares, 2.25% for Class B shares and 2.25% for Class C shares. For purposes of this agreement, operating expenses do not include dividend expense on short positions.
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.
Sector Weightings
AS OF 3/31/13
|
|
% of Assets
|
Russell 2500 Growth Index
|
|
Information Technology
|
26.8%
|
20.3%
|
|
Industrials
|
16.9%
|
17.9%
|
|
Health Care
|
14.3%
|
15.5%
|
|
Consumer Discretionary
|
14.0%
|
17.9%
|
|
Financials
|
10.1%
|
10.5%
|
|
Energy
|
6.7%
|
5.1%
|
|
Materials
|
4.6%
|
7.0%
|
|
Consumer Staples
|
3.1%
|
3.8%
|
|
Telecommunication Services
|
0.0%
|
1.4%
|
|
Utilities
|
0.0%
|
0.6%
|
|
Index Options
|
0.0%
|
0.0%
|
|
Sovereign Bonds
|
0.0%
|
0.0%
|
|
Other
|
0.0%
|
0.0%
|
Asset Allocation
AS OF 3/31/13
|
Company
|
Security Type
|
Industry
|
%
|
|
Onyx Pharmaceuticals, Inc.
|
Common Stock
|
Biotechnology
|
2.2%
|
|
Sourcefire, Inc.
|
Common Stock
|
Systems Software
|
2.1%
|
|
iGate Corp.
|
Common Stock
|
IT Consulting & Other Services
|
2.0%
|
|
H&E Equipment Services, Inc.
|
Common Stock
|
Trading Companies & Distributors
|
2.0%
|
|
Lennar Corp. - Class A
|
Common Stock
|
Homebuilding
|
2.0%
|
|
Hain Celestial Group, Inc.
|
Common Stock
|
Packaged Foods & Meats
|
2.0%
|
|
CARBO Ceramics, Inc.
|
Common Stock
|
Oil & Gas Equipment & Services
|
2.0%
|
|
ADT Corp.
|
Common Stock
|
Security & Alarm Services
|
1.9%
|
|
Acadia Healthcare Company, Inc.
|
Common Stock
|
Health Care Facilities
|
1.9%
|
|
Quanta Services, Inc.
|
Common Stock
|
Construction & Engineering
|
1.9%
|
|
Total
|
|
|
20.0%
|
Fund Facts
AS OF 3/31/13
|
Fund
|
Russell 2500 Growth Index
|
| Total Net Assets |
$38.1 million |
-- |
| # of Holdings |
78 |
1375 |
| Turnover |
195.8% |
-- |
| Price/Book |
3.2x |
3.8x |
| Price/Earnings |
21.9x |
19.6x |
| Price/Sales |
1.6x |
1.5x |
| PEG Ratio |
1.5x |
1.5x |
| Debt/Capital |
33.0% |
36.0% |
| ROIC |
14.3% |
15.5% |
| Portfolio Turnover (12 months) |
195.8% |
-- |
Market Capitalization
AS OF 3/31/13
| > $63bil |
0.0% |
| $18bil - $63bil |
0.0% |
| $6bil - $18bil |
20.3% |
| $2bil - $6bil |
40.8% |
| < $2bil |
38.9% |
Regional Exposure
AS OF 3/31/13
| North America |
90.3% |
| Asia/Pacific |
2.6% |
| Caribbean |
1.9% |
| Europe |
1.7% |
| Latin America |
0.0% |
| Middle East/Africa |
0.0% |
Country Exposure
AS OF 3/31/13
| United States | 89.5% |
| China | 2.6% |
| Bermuda | 1.9% |
| Ireland | 1.0% |
| Canada | 0.8% |
| Netherlands | 0.7% |
| Cayman Islands | 0.0% |
| Panama | 0.0% |
| Switzerland | 0.0% |
| Bahamas | 0.0% |
Currency Exposure
AS OF 3/31/13
|
United States Dollar (USD)
|
100.0%
|
1Top 10 Holdings and Sector Weightings are calculated as a percentage of Net Assets. The tables exclude cash or cash equivalents, any government / sovereign bonds or broad based index hedging securities the portfolio may hold. You can obtain a complete listing of holdings by visiting www.calamos.com.
Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
Important Fund Information.
Lipper Small-Cap Growth Funds—represent funds that invest at least 75% of their equity assets in companies with market capitalizations below Lipper’s small-cap ceiling. Small-cap growth funds typically have an above-average price-to-earnings ratio, price-to-book ratio and three-year sales-per-share growth value compared with the
S&P Small Cap 600 Index.
Russell 2500 Growth Index—measures the performance of the small to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values.” 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.
Important Risk Information.
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus. The principal risks of investing in the Calamos Discovery Growth Fund include: equity securities risk, small and midsized company stock risk, growth stock risk, foreign securities risk and portfolio selection risk.
As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency
exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries. Before investing, carefully consider the Fund’s investment objectives, risks, charges and expenses. Contact
800.582.6959 for a prospectus containing this and other information. Read it carefully.
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.
The Fund’s investment adviser has contractually agreed to reimburse Fund expenses through June 30, 2013 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B, Class C, Class I and Class R are limited to:
1.50%, 2.25%, 2.25%, 1.25% and 1.75% of average net assets respectively for the Calamos Discovery Growth Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2012 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
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.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
As of the prospectus dated 2/29/2012, the Fund’s gross expense ratio for Class A shares is 1.84%; Class B shares is 2.61%; Class C shares is 2.60%; Class I shares is 1.55%.
Calamos Advisors has contractually agreed through June 30, 2011 to limit the annual ordinary operating expenses of the Fund, as a percentage of the average net assets of the particular class of shares, to 1.50% for Class A shares, 2.25% for Class B shares and 2.25% for Class C shares. For purposes of this agreement, operating expenses do not include dividend expense on short positions.
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.
Total Capital Gains
| | |
| 2011 | 0.0000 |
| 2010 | 0.0000 |
| 2009 | 0.0000 |
| 2008 | 0.0000 |
Schedule
| |
|
| Distributions |
Annually |
| Capital Gains |
Annually |
Distributions
Choose a year
| 1Q 2013 |
0.00000 |
0.00000 |
0.00000 |
| 4Q 2012 |
0.00000 |
0.00000 |
0.00000 |
| 3Q 2012 |
0.00000 |
0.00000 |
0.00000 |
| 2Q 2012 |
0.00000 |
0.00000 |
0.00000 |
| 1Q 2012 |
0.00000 |
0.00000 |
0.00000 |
| 4Q 2011 |
0.00000 |
0.00000 |
0.00000 |
| 3Q 2011 |
0.00000 |
0.00000 |
0.00000 |
| 2Q 2011 |
0.00000 |
0.00000 |
0.00000 |
| 1Q 2011 |
0.00000 |
0.00000 |
0.00000 |
| 4Q 2010 |
0.00000 |
0.00000 |
0.00000 |
| 3Q 2010 |
0.00000 |
0.00000 |
0.00000 |
Fourth Quarter and Annual Income Distributions
For more information about the Funds such as sector weightings, top holdings, credit ratings and distribution rates, please contact Client Services at 800-582-6959.
Each Fund is a series of Calamos Investment Trust. The investment adviser to the Funds is Calamos Advisors LLC. The Calamos Family of Funds offers a range of investment strategies for individual investors with diverse investment objectives and needs. For more information on the Funds, please call 800-582-6959.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
The Fund’s investment adviser has contractually agreed to reimburse Fund expenses through June 30, 2013 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B, Class C, Class I and Class R are limited to:
1.50%, 2.25%, 2.25%, 1.25% and 1.75% of average net assets respectively for the Calamos Discovery Growth Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2012 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
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.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
As of the prospectus dated 2/29/2012, the Fund’s gross expense ratio for Class A shares is 1.84%; Class B shares is 2.61%; Class C shares is 2.60%; Class I shares is 1.55%.
Calamos Advisors has contractually agreed through June 30, 2011 to limit the annual ordinary operating expenses of the Fund, as a percentage of the average net assets of the particular class of shares, to 1.50% for Class A shares, 2.25% for Class B shares and 2.25% for Class C shares. For purposes of this agreement, operating expenses do not include dividend expense on short positions.
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.
Annual Expenses
|
A Shares |
B Shares |
C Shares |
I Shares |
|---|
| Total Expense Ratio | 1.75 | 2.50 | 2.50 | 1.50 |
| Net Expense Ratio | 1.51 | 2.26 | 2.26 | 1.26 |
| Transaction Fee | 0.00 | 0.00 | 0.00 | 0.00 |
| Redemption Fee | 0.00 | 0.00 | 0.00 | 0.00 |
Investment Information
|
A Shares |
B Shares |
C Shares |
I Shares |
|---|
| Minimum initial investment | $2,500 | $2,500 | $2,500 | $1 million |
| Minimum subsequent investments | $50 | $50 | $50 | $0 |
| IRA initial investments | $500 | $500 | $500 | N/A |
Fund Information
|
A Shares |
B Shares |
C Shares |
I Shares |
|---|
| Inception Date | 6/01/10 | 6/01/10 | 6/01/10 | 6/01/10 |
| Ticker Symbol | CADGX | CBDGX | CCDGX | CIDGX |
| CUSIP number | 128120102 | 128120201 | 128120300 | 128120409 |
Sales & Distribution
|
A Shares |
B Shares |
C Shares |
I Shares |
|---|
| Sales load | Front-end | Back-end | Level-load | N/A |
| Maximum Sales Charge | 4.75% | 5.00% | 1.00% | N/A |
| US Bank Fund Number | 1975 | 1976 | 1977 | 1978 |
| Distributions | Annual dividends; annual capital gains |
For more information about the Funds such as sector weightings, top holdings, credit ratings and distribution rates, please contact Client Services at 800-582-6959.
Each Fund is a series of Calamos Investment Trust. The investment adviser to the Funds is Calamos Advisors LLC. The Calamos Family of Funds offers a range of investment strategies for individual investors with diverse investment objectives and needs. For more information on the Funds, please call 800-582-6959.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
The Fund’s investment adviser has contractually agreed to reimburse Fund expenses through June 30, 2013 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B, Class C, Class I and Class R are limited to:
1.50%, 2.25%, 2.25%, 1.25% and 1.75% of average net assets respectively for the Calamos Discovery Growth Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2012 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
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.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
As of the prospectus dated 2/29/2012, the Fund’s gross expense ratio for Class A shares is 1.84%; Class B shares is 2.61%; Class C shares is 2.60%; Class I shares is 1.55%.
Calamos Advisors has contractually agreed through June 30, 2011 to limit the annual ordinary operating expenses of the Fund, as a percentage of the average net assets of the particular class of shares, to 1.50% for Class A shares, 2.25% for Class B shares and 2.25% for Class C shares. For purposes of this agreement, operating expenses do not include dividend expense on short positions.
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.
Literature
Discovery Fund Quarterly Commentary A quarterly update of the Calamos Discovery Growth Fund’s performance, positioning, related market commentary and outlook. Calamos Discovery Growth Fund Fact Sheet The Discovery Growth Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns. Summary Prospectus (Class A, B, C) This summary contains important information about the Class A, B and C Discovery Growth Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance. Summary Prospectus (Class I,R) This summary contains important information about the Class I and R Discovery Growth Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance. Statutory Prospectus (Class A, B, C) This prospectus supplement, together with the accompanying prospectus, sets forth concisely the information that you should know before investing. You should read the accompanying prospectus and prospectus supplement, which contain important information, before deciding whether to invest in our securities. Statutory Prospectus (Class I, R) This prospectus supplement, together with the accompanying prospectus, sets forth concisely the information that you should know before investing. You should read the accompanying prospectus and prospectus supplement, which contain important information, before deciding whether to invest in our securities. SAI The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations. Semiannual Report The semiannual report includes a letter from John P. Calamos, Sr. to shareholders and provides a comprehensive review of the fund’s activities and financial performance over a six month period. Annual Report The annual report includes a letter from John P. Calamos, Sr. to shareholders outlining the fund's performance, as well as a comprehensive review of the fund’s activities and financial performance.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Calamos Financial Services LLC, Distributor
The Fund’s investment adviser has contractually agreed to reimburse Fund expenses through June 30, 2013 to the extent necessary so that Total Annual Fund Operating Expenses (excluding taxes, interest, short interest, short dividend expenses, brokerage commissions, acquired fund fees and expenses and extraordinary expenses, if any) of Class A, Class B, Class C, Class I and Class R are limited to:
1.50%, 2.25%, 2.25%, 1.25% and 1.75% of average net assets respectively for the Calamos Discovery Growth Fund.
† Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year Morningstar Rating metrics.
For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Morningstar data: © 2012 Morningstar, Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
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.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
As of the prospectus dated 2/29/2012, the Fund’s gross expense ratio for Class A shares is 1.84%; Class B shares is 2.61%; Class C shares is 2.60%; Class I shares is 1.55%.
Calamos Advisors has contractually agreed through June 30, 2011 to limit the annual ordinary operating expenses of the Fund, as a percentage of the average net assets of the particular class of shares, to 1.50% for Class A shares, 2.25% for Class B shares and 2.25% for Class C shares. For purposes of this agreement, operating expenses do not include dividend expense on short positions.
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.