Calamos International Small Cap Growth Fund Class I (CSGIX)

Overview

The fund specializes in investing primarily in small capitalization, non-U.S. companies, which encompasses both established and developing markets across the globe. With a strategy that allows for up to 30% investment in emerging and frontier markets, the fund aims to extend its reach to various high-growth potential areas. Maintaining a diversified portfolio, it commits to being invested in at least five different countries, leveraging international market dynamics to potentially enhance returns. The focus on small-cap companies outside the United States provides investors with unique exposure to foreign markets, potentially capturing growth that may not be available through investing in domestic or large-cap international companies. The fund’s strategy of incorporating borrowings for investment purposes signifies its proactive approach to capitalizing on market opportunities, albeit with an increased level of risk.

Products and Services

• Investment in Small Capitalization, Non-U.S. Companies

This product targets small capitalization companies outside of the United States, providing investors with the opportunity to engage with markets and sectors that have the potential for high growth. These investments are spread across a broad geographical landscape, including both developed and less developed regions, offering diversification benefits and exposure to different economic cycles and opportunities.

• Emerging and Frontier Market Investments

Allocating up to 30% of its resources to emerging and frontier markets, this service aims to tap into the potentially higher growth rates of less established markets. Emerging and frontier markets are often characterized by their rapid growth and development, which can translate into substantial investment returns. However, they also come with a higher degree of risk and volatility compared to more developed markets, making them suitable for investors who have a higher risk tolerance.

• Global Diversification

The fund’s commitment to maintaining a diversified portfolio by investing in a minimum of five countries allows it to spread risk across different regions and economies. This global diversification strategy attempts to mitigate country-specific risks and capitalize on opportunities available in various parts of the world. By doing so, the fund aims to provide more stable returns over time, leveraging the potential upside in different markets.