Institutional Strategies Main

U.S. MID CAP GROWTH

Strategy Objective

A mid-cap growth equity strategy that invests in common stocks of medium size capitalization U.S. companies in high-growth industries. The strategy seeks to outperform the Russell Midcap 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:
01/2/03
Strategy Assets*:
$77.8 M
Benchmark:
Russell Midcap Growth Index

Resources

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

Sector Weightings

AS OF 30/6/15
% of Assets Russell Midcap Growth Index Under/Overweight %
Information Technology 23.6% 20.5%
Health Care 21.9 14.4
Consumer Discretionary 19.9 24.4
Industrials 16.4 15.6
Financials 10.5 10.7
Energy 2.8 1.2
Consumer Staples 2.1 7.4
Materials 1.4 5.3
Telecommunication Services 1.4 0.4
Utilities 0.0 0.1
 

Representative Portfolio Ten Largest Holdings

AS OF 30/6/15
Company Sector %
Cerner Corp. Health Care 3.5
LKQ Corp. Consumer Discretionary 2.5
SVB Financial Group Financials 2.5
Zimmer Holdings, Inc. Health Care 2.4
Illumina, Inc. Health Care 2.2
Fortune Brands Home & Security, Inc. Industrials 2.2
Deckers Outdoor Corp. Consumer Discretionary 2.2
Zoetis, Inc. Health Care 2.0
Laboratory Corp. of America Holdings Health Care 2.0
Dollar General Corp. Consumer Discretionary 1.9

Characteristics

AS OF 30/6/15
  Calamos Portfolio Russell Midcap Growth Index
Assets in Strategy $77.8 million N/A
# of Holdings 83 507
Portfolio Turnover % (5-Year) 82.6% N/A
Median Market Cap ($bil) $6.8 $7.3
Weighted Average Market Cap ($bil) $11.9 $13.4
ROIC % 14.4% 17.7%
Debt/Capital % 37.6% 45.1%
PEG Ratio (1 year forward) 1.6x 1.8x

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 76 26,543 0.3% 3 25
12/31/2012 297 30,580 1.0% 11 27
12/31/2011 298 32,777 0.9% 8 37
12/31/2010 355 35,414 1.0% 9 39
12/31/2009 211 32,144 0.7% 6 35
12/31/2008 258 23,522 1.1% 11 23
12/31/2007 677 46,208 1.5% 16 42
12/31/2006 542 44,725 1.2% 21 26
12/31/2005 692 43,805 1.6% 25 28
12/31/2004 651 37,975 1.7% 20 33
12/31/2003 246 23,840 1.0% 8 31

44601C

Annualized Total Returns

AS OF 30/6/15
1-Year3-Year5-Year10-YearSince Inception (2/03)
U.S. Mid Cap Growth (Gross)7.45%13.37%15.10%7.86%10.74%
U.S. Mid Cap Growth (Net)6.40%12.41%14.20%6.99%9.85%
Russell Midcap Growth Index9.45%19.24%18.69%9.69%12.40%

Calendar Year Returns

AS OF 30/6/15
                           Qtr ending Jun 15YTD 2015201420132012201120102009200820072006200520042/1/2003 to 12/31/2003
U.S. Mid Cap Growth (Gross)0.05%5.05%4.03%33.01%7.92%-6.27%29.72%55.12%-48.93%24.37%0.13%9.85%19.57%43.58%
U.S. Mid Cap Growth (Net)-0.20%4.54%3.07%31.96%7.20%-6.89%28.83%53.93%-49.37%23.34%-0.78%8.86%18.58%42.60%
Russell Midcap Growth Index-1.14%4.18%11.90%35.74%15.81%-1.65%26.38%46.29%-44.32%11.43%10.66%12.10%15.48%44.13%



44601B

Risk/Reward Since Inception

AS OF 30/6/15
  Calamos Mid Cap Growth Composite Russell Midcap Growth Index
Alpha -2.06% N/A
Beta 1.08 1.00
Standard Deviation 19.07% 16.98%
Upside Semivariance 17.35% 14.53%
Downside Semivariance 13.95% 10.70%
Sharpe Ratio 0.49 0.65
Information Ratio -0.21 N/A

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

AS OF 30/6/15

44601B

Strategy Vehicles

Separately Managed Accounts Minimum: $5 million
Institutional Mutual Fund (CMXIX) Minimum: $1 million

34601E

Fact Sheet The U.S. Mid Cap Growth Strategy fact sheet provides a snap shot of the investment team, the investment strategy, performance, composition, ratings and returns.
Performance Review A discussion of the Calamos U.S. Mid Cap 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.