Institutional Strategies Main

EMERGING MARKET EQUITY

Strategy Objective

A growth-oriented emerging market equity strategy that invests in the common stocks of emerging market-domiciled companies and seeks to outperform the MSCI Emerging Markets 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 03/31/14
Inception Date:
12/01/13
Strategy Assets*:
$15.3 M
Benchmark:
MSCI Emerging Markets Index

Resources

Sector Weightings

AS OF 03/31/14
% of Assets MSCI Emerging Markets Index Under/Overweight %
Information Technology 24.4% 16.7%
Consumer Discretionary 20.9 9.2
Financials 20.4 26.8
Consumer Staples 9.3 8.5
Industrials 6.8 6.6
Materials 6.0 9.4
Energy 5.1 10.7
Telecommunication Services 3.6 6.9
Health Care 3.5 1.7
Utilities 0.0 3.5
 

Representative Portfolio Ten Largest Holdings

AS OF 03/31/14
Company Country Sector %
MediaTek, Inc. Taiwan Information Technology 4.8
Taiwan Semiconductor Manufacturing Company, Ltd. Taiwan Information Technology 4.4
Hyundai Motor Company South Korea Consumer Discretionary 3.7
Tencent Holdings, Ltd. China Information Technology 3.1
Naspers, Ltd. South Africa Consumer Discretionary 3.1
MGM China Holdings, Ltd. Hong Kong Consumer Discretionary 2.7
Grupo Financiero Banorte, SAB de CV Mexico Financials 2.7
Alsea, SAB de CV Mexico Consumer Discretionary 2.6
Itau Unibanco Holding, SA Brazil Financials 2.5
Metropolitan Bank & Trust Co. Philippines Financials 2.3

Characteristics

AS OF 03/31/14
  Calamos Portfolio MSCI Emerging Markets Index
Assets in Strategy $15.3 million N/A
# of Holdings 66 822
Portfolio Turnover % (5-Year) N/A N/A
Median Market Cap ($bil) $11.5 $4.8
Weighted Average Market Cap ($bil) $30.8 $37.3
ROIC % 22.3% 17.1%
Debt/Capital % 24.6% 27.5%
PEG Ratio (1 year forward) 1.0x 1.2x

Largest Country Weightings

AS OF 03/31/14
Representative Portfolio MSCI Emerging Markets Index
China 16.8% 14.5%
Taiwan 13.6% 11.9%
Mexico 12.7% 5.1%
Hong Kong 11.2% 4.4%
South Korea 8.9% 15.8%
Philippines 7.7% 0.9%
Brazil 7.5% 11.0%
South Africa 6.1% 7.8%
India 4.0% 6.7%
Peru 2.1% 0.3%

Regional Exposure

AS OF 03/31/14
Asia/Pacific 66.8%
Latin America 23.0%
Middle East/Africa 6.1%
Europe 4.1%
North America 0.0%

Calendar Year Returns

AS OF 03/31/14
                           Qtr ending Mar 14YTD 2014Since Inception (12/13)
Emerging Market Equity (Gross)-1.26%-1.26%0.22%
Emerging Market Equity (Net)-1.51%-1.51%-0.12%
MSCI Emerging Markets Index-0.37%-0.37%-1.80%



Risk/Reward Since Inception

AS OF 03/31/14
  Calamos Emerging Market Equity Composite MSCI Emerging Markets Index
Alpha 5.57% N/A
Beta 0.83 1.00
Standard Deviation % %
Upside Semivariance % %
Downside Semivariance % %
Sharpe Ratio
Information Ratio N/A

Since Inception Up/Down Capture Vs. MSCI Emerging Markets Index

AS OF 03/31/14

Strategy Vehicles

Separately Managed Accounts Minimum: $25 million
Institutional Mutual Fund (CIEIX) Minimum $1 million

34601E

Fact Sheet The Emerging Market Equity Strategy fact sheet provides a snap shot of the investment team, the investment strategy, performance, composition, ratings and returns.