Calamos Evolving World Growth Fund Passes 5-year Anniversary, Earns 5-star Morningstar Rating

NAPERVILLE, Ill., Sept. 12, 2013 /PRNewswire/ -- Calamos Investments^®*, a global investment management firm, is pleased to announce the recent 5-year anniversary of the highly-rated Evolving World Growth Fund (CNWGX). The fund's load-waived A shares received an overall 5-star Morningstar rating as of August 31, 2013.

"In launching the fund, we wanted to give investors the opportunity to participate in the higher growth prospects of emerging economies but with a risk-managed approach based on the idea that where a company earns its revenue is more important than where it is domiciled," said John P. Calamos, Sr., CEO and Global Co-Chief Investment Officer. "Revenue mapping has proven to be an alpha generator for the fund, as it has delivered more than double the return of the MSCI Emerging Markets Index with 32% less volatility since inception. Indeed, our 'companies over countries' approach enables investors to make a core allocation to the emerging markets arena while maintaining the risk/reward profile of their total portfolio."

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 similar strategy is also available outside the United States in a UCITS structure.

For more information about the fund, please visit www.calamos.com/EvolvingWorldGrowth.

For more information on Calamos Investments, please visit www.calamos.com.

About Calamos

Calamos Investments is a diversified global investment firm offering innovative investment strategies including equity, fixed income, convertible and alternative investments, among others. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in London and New York.

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

*Calamos Investments LLC, referred to herein as Calamos Investments^®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC.

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

The MSCI Emerging Markets Index is a free float-adjusted market capitalization index. As of August 2005, the index consisted of the following 26 emerging market country indices: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, Turkey and Venezuela. The index represents companies within these countries that are available to investors worldwide.

Morningstar Ratings are based on risk-adjusted returns and are through 8/31/13 for Class A shares and will differ for other share classes. Morningstar Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly historical performance (reflecting sales charges), placing more emphasis on downward variations and rewarding consistent performance.

Within each asset class, the top 10%, the next 22.5%, 35%, 22.5%, and the bottom 10% receive 5, 4, 3, 2, or 1 star, respectively. Each fund is rated exclusively against U.S. domiciled funds. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Source: © 2013 Morningstar, Inc. All Rights Reserved.

Morningstar ratings shown are for load-waived shares that do not include any front-end sales load. Not all investors have access to or may invest in the load-waived share class shown. Other share classes with front-end or back-end sales charges may have different ratings than the ratings shown. Additionally, some A-share mutual funds for which Morningstar calculates a load-waived A-share star rating may not waive their front-end sales load.

The Calamos Evolving World Growth Fund's load-waived Class A shares received 5 stars for 3 years and 5 stars for 5 years, out of 371 and 274 Diversified Emerging Markets funds respectively, for the period ended 8/31/13.

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.

The principal risks of investing in the fund include: the risk the equity market will decline in general, the risks associated with growth securities which tend to trade at higher multiples and be more volatile, the risks associated with foreign securities including currency exchange rate risk, the risks associated with emerging markets which may have less stable governments and greater sensitivity to economic conditions, and the risks associated with convertible securities, which may decline in value during periods of rising interest rates.

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 objectives, risks, charges and expenses. Please see the prospectus containing this and other information or call 1-800-582-6959. Read it carefully.

Calamos Financial Services LLC, Distributor

SOURCE Calamos Investments