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 09/30/16
Inception Date:
01/01/91
Strategy Assets*:
$3.1 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 09/30/16
% of Assets Russell 3000 Growth Index Under/Overweight %
Information Technology 38.5% 31.0%
Consumer Discretionary 18.4 20.2
Health Care 16.6 17.3
Industrials 11.9 10.8
Consumer Staples 5.4 9.1
Energy 4.0 0.7
Financials 1.9 2.9
Telecom Services 1.4 1.2
Real Estate 1.1 3.0
Materials 0.8 3.7
 

Representative Portfolio Ten Largest Holdings

AS OF 09/30/16
Company Sector %
Alphabet, Inc. - Class A Information Technology 7.5
Apple, Inc. Information Technology 7.4
Facebook, Inc. - Class A Information Technology 3.9
Amazon.com, Inc. Consumer Discretionary 3.6
Visa, Inc. - Class A Information Technology 2.9
Comcast Corp. - Class A Consumer Discretionary 2.6
Microsoft Corp. Information Technology 2.4
Zoetis, Inc. Health Care 2.0
Baxter International, Inc. Health Care 1.8
Waste Connections, Inc. Industrials 1.8

Characteristics

AS OF 09/30/16
  Calamos Portfolio Russell 3000 Growth Index
Assets in Strategy $3.1 billion N/A
# of Holdings 80 1,747
Portfolio Turnover % (12-Month) 52.3% N/A
Median Market Cap ($bil) $20.1 $1.7
Weighted Average Market Cap ($bil) $158.8 $141.9
ROIC % 18.6% 20.9%
Debt/Capital % 37.4% 45.7%
PEG Ratio (1 year forward) 1.7x 1.9x

Composite Summary

AS OF 09/30/16
Period Ending Composite Assets (in Millions) Total Assets (in Millions) % Of Total Assets Managed # Of Clients Average Acct. Size (in Millions)
12/31/2015 4,130 21,908 18.9% 16 258
12/31/2014 3,918 23,506 16.7% 18 218
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 09/30/16
1-Year3-Year5-Year10-Year15-YearSince Inception (1/91)
U.S. All Cap Growth (Gross)3.80%7.92%12.59%6.82%8.60%14.19%
U.S. All Cap Growth (Net)3.08%7.13%11.75%6.00%7.76%13.29%
Russell 3000 Growth Index13.64%11.40%16.56%8.80%7.46%9.21%

Calendar Year Returns

AS OF 09/30/16
                           Qtr Ending Sep 16YTD 20162015201420132012201120102009200820072006200520042003200220012000199919981997199619951994199319921991
U.S. All Cap Growth (Gross)4.08%-0.68%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)3.89%-1.20%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%
Russell 3000 Growth Index4.92%6.12%5.10%12.44%34.23%15.21%2.18%17.64%37.01%-38.44%11.40%9.46%5.17%6.93%30.97%-28.04%-19.63%-22.42%33.82%35.02%28.74%21.88%36.57%2.20%3.69%5.22%41.65%



Risk/Reward Since Inception

AS OF 09/30/16
  Calamos All Cap Growth Composite Russell 3000 Growth Index
Alpha 4.96% N/A
Beta 1.04 1.00
Standard Deviation 21.29% 16.58%
Upside Semivariance 26.95% 13.31%
Downside Semivariance 12.36% 10.25%
Sharpe Ratio 0.5371 0.3893
Information Ratio 0.4010 N/A

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

AS OF 09/30/16

Strategy Vehicles

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

34601E

Calamos US Growth Institutional Strategy Fact Sheet
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.