Calamos Evolving World Growth Fund Class I (CNWIX)

Overview

The fund is an investment vehicle that primarily focuses on allocating its assets in securities associated with foreign issuers. It has a strategic approach that mandates investing a minimum of 40% of its assets into foreign issuer securities, highlighting its international investment inclination. Moreover, a significant emphasis is placed on emerging markets, with at least 35% of its assets dedicated to equity, convertible, or debt securities of companies incorporated within these regions. This strategy underscores the fund's aim to tap into the growth potential of emerging markets. The fund’s investment portfolio is diversified, extending beyond emerging market entities, as it also considers investing in companies from any geographical location. These considerations are based on the criteria that if a considerable portion of a company's assets or revenues (generally, 20% or more) is derived from emerging market countries, it becomes an attractive investment opportunity. Additionally, the fund allocates a portion of its assets to sovereign and agency debt of non-emerging market countries, broadening its investment scope and providing a balanced mix of growth and security.

Products and Services

The fund offers a diverse range of investment products and services, aimed at leveraging growth in emerging markets as well as capturing opportunities in securities of foreign issuers worldwide. This diversified investment approach is designed to cater to investors looking for exposure to international markets and emerging economies, offering a blend of growth potentials and risk management. Here are the key investment areas:

• Securities of Foreign Issuers - A sizable portion of the fund is invested in securities of foreign issuers, ensuring that investors have substantial exposure to international markets and the benefits they offer.
• Emerging Markets Equity, Convertible, or Debt Securities - Focused investments in equity, convertible, or debt securities of entities within emerging markets, aimed at harnessing the growth potential of these regions. This reflects the fund's commitment to capitalizing on the dynamic and fast-paced growth typified by emerging markets.
• Global Equity, Convertible, or Debt Securities - Investments in equity, convertible, or debt securities of companies worldwide, selected based on a significant portion of their operations or revenue stemming from emerging markets. This strategy seeks to capture the global interconnectedness of economies and the hidden value within transnational corporations benefiting from emerging market economies.
• Sovereign and Agency Debt - A portion of the fund is also allocated to sovereign and agency debt of non-emerging market countries, providing a mix of stability and potential income to the overall investment portfolio. This component serves as a risk management strategy, balancing the fund’s exposure to more volatile emerging markets securities.