Calamos Select Fund Class C (CVACX)

Overview

This fund specializes in investing primarily within the spectrum of U.S. equity securities, catering to a diverse range of market capitalizations. It strategically diversifies its portfolio by including securities from both well-established, large market cap companies and smaller, unseasoned enterprises. The investment adviser's criteria for categorizing companies include defining a large cap company as one with a market capitalization exceeding $25 billion, a mid-sized company with a market capitalization greater than $1 billion but not exceeding $25 billion, and a small cap company as having a market capitalization of up to $1 billion. Furthermore, this fund explores international market opportunities, allocating up to 25% of its net assets in foreign securities, broadening its investment horizon beyond domestic equities.

Products and Services

• U.S. Equity Securities Investment:

The core focus of the fund is on investing in U.S. equity securities. It meticulously selects a mix of securities from established companies boasting large market capitalizations, in addition to embarking on investments in small, emerging companies. This strategic approach aims to balance between stability offered by large caps and the growth potential inherent in small caps, ensuring a diversified investment portfolio.

• Large Cap Equity Investments:

Securities of well-established companies with market capitalizations in excess of $25 billion qualify under this investment category. The fund targets these large cap entities due to their proven track records of stability and potential for steady growth, marking them as cornerstone investments within the portfolio.

• Mid-Sized Equity Investments:

Offering a balance between the rapid growth potential of small caps and the stability of large caps, mid-sized companies, with market capitalizations ranging from over $1 billion to $25 billion, are included in the fund’s investment strategy. These investments are selected for their potential to offer both growth and reasonable risk of investment.

• Small Cap Equity Investments:

This investment focuses on companies with market capitalizations of up to $1 billion. Despite being considered higher risk due to their unestablished nature, these small cap investments offer the potential for significant growth, aiming to capitalize on the agility and innovation often found in smaller companies.

• Foreign Securities Investment:

Up to 25% of the fund’s net assets may be invested in foreign securities. This allocation is aimed at diversifying the investment portfolio beyond domestic equities, tapping into international markets to leverage global investment opportunities and potentially enhance returns on investment.