Calamos Evolving World Growth Fund Reaches 3-Year Anniversary - Emerging markets growth equity fund receives Morningstar 5-star rating

NAPERVILLE, Ill., Oct. 19, 2011 /PRNewswire/ -- Calamos Investments, a global investment management firm, is pleased to announce the 3-year anniversary of the highly-rated Evolving World Growth Fund (CNWGX) as of August 15, 2011. The fund has received the Morningstar 5-star rating for the 3-year period, as of August 31, 2011. For information about the fund, including performance and composition, visit www.calamos.com/fundinvestor/mutualfunds/fund.aspx?name=EvolvingWorldGrowth.

"We believe the fund addresses a fundamental problem for advisors who want to provide their clients access to the emerging markets and the mega-trend of the growth of the global middle class, but with a lower risk profile. We believe over time that this fund should be a core emerging markets holding for many investors because of its risk-managed approach. As a proof of concept, the fund has performed with a lower standard deviation during the last three years, which have been a particularly challenging environment in which to invest," stated John P. Calamos, Sr., CEO and Co-Chief Investment Officer.

The fund invests in companies the firm believes are positioned to benefit from the growth of emerging economies regardless of company domicile or index definitions.  In focusing on company revenues by country or region and how those revenues are expected to grow, the investment team looks to gain fundamental research insights into a company's return potential and risk profile.  The company's investment process and flexibility to invest across a company's entire capital structure provide additional tools for active risk management within the fund.

"We are pleased with the first three years of success with the Calamos Evolving World Growth Fund and our global equity suite of funds overall. The new 5-star Morningstar rating for the fund demonstrates the strength of our investment philosophy and the firm's expertise in investing in global markets and emerging economies," said Calamos.

The strategy, available to U.S. institutional and retail investors since 2008, is a flexible, opportunistic approach allowing the portfolio to manage risk while seeking enhanced returns across regions, countries, market capitalization, sectors and security type.

A companion fund, The Calamos Emerging Markets UCITS Fund, is also available to institutional and retail investors outside the U.S. through a UCITS platform.

About Calamos

Calamos and its affiliates are a globally diversified investment firm serving the needs of institutional and individual investors for more than 30 years.  Clients include public and private pensions, foundations, endowments, corporations, financial advisors, families and individuals from around the world who have entrusted the firm with nearly $32 billion in assets under management as of September 30, 2011.

Calamos offers a range of global investment strategies- equity, fixed-income, convertible and alternatives – to work with clients' multi-asset allocation frameworks to help achieve the goals of their investment programs.

Calamos serves professional/sophisticated investors around the world through Calamos Global Funds PLC (UCITS) and distributed by Calamos International LLP, London, United Kingdom.

For more information, please visit us at Calamos.com.

Source: Calamos Advisors LLC

This document does not constitute an offer or solicitation to invest in the Fund. It is directed only at professional/sophisticated investors and it is for their exclusive use and information. This document should not be shown or given to retail investors.

The value of investments in the Fund and the income from it may go down as well as up and is not guaranteed. You may not get back the amount you invested. Rates of exchange may cause the value of the investments to go up or down.

The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Information contained herein is for informational purposes only and should not be considered investment advice.

Performance data quoted represents past performance, which is no guarantee of future results.

Morningstar Ratings are based on risk-adjusted returns. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with a fund's 3-, 5-, and 10-year Morningstar Rating metrics.

For each U.S.-domiciled fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

The Calamos Evolving World Growth Fund is ranked within the Diversified Emerging Markets Category. Data based on monthly returns of 304 observations for the 3-year rankings. Rankings represent percentile within peer group.

Important Risk Information. An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund.  There can be no assurance that the Fund will achieve its investment objective. Your investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund can increase during times of significant market volatility. The Fund also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

Evolving World Growth Fund. The principal risks of investing in the Fund include:  equity securities risk, growth stock risk, foreign securities risk, emerging markets risk, convertible securities risk and portfolio selection risk.

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information.  In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

Before investing, carefully consider the Fund's investment objective, risks, charges and expenses.  Contact 800.582.6959 for a prospectus containing this and other information.  Read it carefully.

Calamos Financial Services LLC, Distributor
2020 Calamos Court/Naperville, IL/ 60563-2787
800.582.6959/www.calamos.com/caminfo@calamos.com

SOURCE Calamos Advisors LLC



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