Calamos Select Fund Class A (CVAAX)

Overview

The fund focuses on investing primarily in U.S. equity securities, encompassing a broad spectrum from well-established companies with large market capitalizations to small, unseasoned companies. It adopts a flexible investment approach by considering large cap companies as those with a market capitalization in excess of $25 billion, mid-sized companies with market capitalizations ranging from more than $1 billion up to $25 billion, and small cap companies as those with a market capitalization of up to $1 billion. The fund also allocates up to 25% of its net assets to foreign securities, diversifying its investment portfolio beyond U.S. borders.

Products and Services

• U.S. Equity Securities

  The fund mainly invests in U.S. equity securities, securing positions in a range of companies from large, established firms with significant market presence to emerging, small cap entities. The investment philosophy is grounded in diversification across different company sizes and stages of development, aiming at optimizing the balance between risk and potential returns.

• Large Cap Investments

  Focusing on companies with a market capitalization in excess of $25 billion, these investments target well-established entities known for their stability and strong market presence. This segment typically includes industry leaders with a substantial role in their respective sectors, offering a blend of growth potential and relative safety.

• Mid-Sized and Small Cap Investments

  The fund extends its investments to mid-sized companies, defined as those with a market capitalization greater than $1 billion and up to $25 billion, and to small cap companies, with market capitalizations of up to $1 billion. These investments are characterized by their higher growth potential when compared to larger companies, although they come with a higher risk due to their relative unfamiliarity and potential for significant market movements.

• Foreign Securities Investments

  Up to 25% of the fund's net assets may be invested in foreign securities, introducing international diversification into the investment mix. This move allows for the exploitation of global opportunities and the mitigation of risks associated with the U.S. markets. The fund aims to capitalize on the growth potential of foreign markets, which may follow different economic cycles compared to the U.S., offering a strategic buffer during domestic downturns.