Institutional Strategies Main

U.S. ALL CAP GROWTH

Strategy Objective

An all-cap growth equity strategy that invests in the common stocks of growth companies and seeks to outperform the Russell 3000 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 30/6/15
Inception Date:
01/1/91
Strategy Assets*:
$4.8 B
Benchmark:
Russell 3000 Growth Index

Resources

* Strategy Assets reflect all assets that are currently being managed (collectively) under the Calamos U.S. All Cap Growth Strategy.

Sector Weightings

AS OF 30/6/15
% of Assets Russell 3000 Growth Index Under/Overweight %
Information Technology 30.8% 27.0%
Consumer Discretionary 20.6 20.8
Health Care 19.7 19.0
Industrials 13.2 11.3
Financials 5.8 5.4
Energy 5.2 1.0
Consumer Staples 3.1 9.9
Telecommunication Services 1.2 1.7
Materials 0.4 3.9
Utilities 0.0 0.0
 

Representative Portfolio Ten Largest Holdings

AS OF 30/6/15
Company Sector %
Apple, Inc. Information Technology 5.3
Facebook, Inc. - Class A Information Technology 3.7
Cerner Corp. Health Care 3.2
Google, Inc. - Class A Information Technology 2.8
Microsoft Corp. Information Technology 2.7
Starbucks Corp. Consumer Discretionary 2.6
Priceline Group, Inc. Consumer Discretionary 1.8
LKQ Corp. Consumer Discretionary 1.7
Stryker Corp. Health Care 1.7
Laboratory Corp. of America Holdings Health Care 1.7

Characteristics

AS OF 30/6/15
  Calamos Portfolio Russell 3000 Growth Index
Assets in Strategy $4.8 billion N/A
# of Holdings 92 1,775
Portfolio Turnover % (5-Year) 67.6% N/A
Median Market Cap ($bil) $18.4 $1.9
Weighted Average Market Cap ($bil) $106.2 $120.1
ROIC % 18.7% 20.7%
Debt/Capital % 32.3% 40.6%
PEG Ratio (1 year forward) 1.6x 1.7x

Composite Summary

AS OF 30/6/15
Period Ending Composite Assets (in Millions) Total Assets (in Millions) % Of Total Assets Managed # Of Clients Average Acct. Size (in Millions)
12/31/2013 5,435 26,543 20.5% 21 259
12/31/2012 7,011 30,580 22.9% 32 219
12/31/2011 8,294 32,777 25.3% 19 437
12/31/2010 9,678 35,414 27.3% 14 691
12/31/2009 9,194 32,144 28.6% 15 613
12/31/2008 7,104 23,522 30.2% 18 395
12/31/2007 17,219 46,208 37.3% 101 170
12/31/2006 18,168 44,725 40.6% 108 168
12/31/2005 19,213 43,805 43.9% 97 198
12/31/2004 14,154 37,975 37.3% 45 315
12/31/2003 6,889 23,840 28.9% 26 265

Annualized Total Returns

AS OF 30/6/15
1-Year3-Year5-Year10-Year15-YearSince Inception (1/91)
U.S. All Cap Growth (Gross)12.63%17.44%15.66%8.28%6.66%15.09%
U.S. All Cap Growth (Net)11.77%16.55%14.76%7.44%5.86%14.14%
Russell 3000 Growth Index10.69%18.15%18.64%9.17%2.39%9.42%

Calendar Year Returns

AS OF 30/6/15
                           Qtr ending Jun 15YTD 2015201420132012201120102009200820072006200520042003200220012000199919981997199619951994199319921991
U.S. All Cap Growth (Gross)1.19%6.10%9.95%34.57%10.96%-7.46%21.70%54.20%-49.59%24.75%2.46%9.75%20.07%44.12%-15.36%-6.23%28.63%81.11%29.84%26.68%40.63%30.02%-3.79%6.45%3.76%42.96%
U.S. All Cap Growth (Net)1.00%5.71%9.10%33.56%10.09%-8.21%20.72%52.99%-50.00%23.80%1.65%8.89%19.13%42.97%-15.37%-7.13%27.41%79.46%28.62%25.49%39.32%28.80%-4.71%5.44%2.77%41.63%
Russell 3000 Growth Index0.27%4.33%12.44%34.23%15.21%2.18%17.64%37.01%-38.44%11.40%9.46%5.17%6.93%30.97%-28.03%-19.63%-22.42%33.82%35.02%28.74%21.88%36.57%2.20%3.69%5.22%41.66%



Risk/Reward Since Inception

AS OF 30/6/15
  Calamos All Cap Growth Composite Russell 3000 Growth Index
Alpha 5.62% N/A
Beta 1.04 1.00
Standard Deviation 21.54% 16.68%
Upside Semivariance 27.94% 13.46%
Downside Semivariance 12.60% 10.48%
Sharpe Ratio 0.57 0.39
Information Ratio 0.47 N/A

Since Inception Up/Down Capture Vs. Russell 3000 Growth Index

AS OF 30/6/15

Strategy Vehicles

Separately Managed Accounts Minimum: $5 million
UCITS (AVAILABLE IN A, I, X SHARE CLASSES) Minimum: $1 million

34601E

Fact Sheet The U.S. Growth Strategy fact sheet provides a snap shot of the investment team, the investment strategy, performance, composition, ratings and returns.
U.S. Growth Strategy Performance Review A discussion of the Calamos U.S. Growth Strategy’s performance versus a benchmark, positioning, related market commentary, and outlook.
Equity Valuation Process A review of Calamos Investments’ research process for determining a company’s business valuation and how Calamos research uncovers the economic profits of a company and how our research determines the quality of the cash flows, the return on capital, and finally, the equity’s valuation.