Fund Evaluator:
Calamos International Growth A (CIGRX)
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Best Performing in Foreign Large Growth Over the Last Year
| 27.0% | WCM Focused International Equity Inv (WLIVX) |
| 25.4% | Saturna International Z (SIFZX) |
| 25.1% | Saturna International (SSIFX) |
| 24.2% | American Funds EUPAC F-3 (FEUPX) |
| 23.2% | Fidelity Diversified International (FDIVX) |
Fund Details
Calamos International Growth A Overview
Calamos International Growth A (CIGRX) is an actively managed International Equity Foreign Large Growth fund. Calamos launched the fund in 2005.
The investment seeks long-term capital growth. The fund normally invests at least 40% of its assets in securities of foreign issuers. It may invest in foreign securities that are represented in the United States securities markets by American Depositary Receipts ("ADRs") or similar depository arrangements. The fund may invest in securities of issuers in emerging markets to a significant extent. The investment adviser takes environmental, social and governance ("ESG") factors into account in making investment decisions.
About Calamos International Growth A (CIGRX)
There are 5 members of the management team with an average tenure of 10.61 years: Dennis Cogan (2013), Nick Niziolek (2013), Kyle Ruge (2024), Paul Ryndak (2024), John Calamos (2005). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI EAFE Growth NR USD index with a weighting of 100%. Calamos International Growth A has 81 securities in its portfolio. The top 10 holdings constitute 31.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Calamos International Growth A is part of the Equity global asset class and is within the International Equity fund group. Calamos International Growth A has 92.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 6.3%. There is 92.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 1.4% (1.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Calamos International Growth A has -0.3% of the portfolio in cash.
Assets Under Management
The fund has $56 million in total assets, which is below the $1 billion average for the Foreign Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CIGRX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Calamos International Growth A expense ratio is high compared to funds in the Foreign Large Growth category. Calamos International Growth A has an expense ratio of 1.20%, which is 16% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Calamos International Growth A has a portfolio turnover rate of 170%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.
Recently, in the month of July 2026, Calamos International Growth A returned -11.6%, which earned it a grade of F, as the Foreign Large Growth category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Calamos International Growth A has a trailing yield of 0.18%, which is below the 0.95% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Calamos International Growth A Grades
Year to date, the fund has returned 16.9%, 10.4 percentage points better than the category, which translates into a grade of A. The fund has returned 24.7% over the past year (grade of A), 18.3% over the past three years (grade of A) and 5.1% per year over the past five years (grade of B) and 10.2% per year over the past 10 years (grade of A).
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CIGRX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CIGRX Return (NAV) | -11.6% | -1.9% | 24.7% | 18.3% | 5.1% | 10.2% |
| CIGRX Grade | F | F | A | A | B | A |
| +/- Category | -8.9% | -4.4% | 11.6% | 7.6% | 1.9% | 2.1% |
| Foreign Large Growth Avg | -2.7% | 2.6% | 13.1% | 10.7% | 3.2% | 8.2% |
| CIGRX Tax Cost Ratio | na | na | 3.0% | 1.4% | 1.7% | 1.4% |
CIGRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CIGRX Return (NAV) | 16.9% | 22.8% | 12.2% | 15.0% | -30.7% | 6.8% | 44.6% | 29.3% | -21.1% | 39.2% | -6.2% |
| CIGRX Grade | A | B | A | D | F | D | A | B | F | A | F |
| +/- Category | 10.4% | 2.8% | 6.9% | -1.6% | -5.6% | -1.3% | 19.1% | 0.1% | -7.5% | 7.1% | -4.5% |
| Foreign Large Growth Avg | 6.5% | 20.0% | 5.3% | 16.7% | -25.2% | 8.1% | 25.5% | 29.3% | -13.6% | 32.1% | -1.6% |
| Risk Measures | |
| Standard Deviation: | 21.3% |
| Total Risk Index: | 1.74 - High |
| Category Risk Index: | 1.39 - High |
| Category Risk Grade: | F (103% Rank) |
| Beta: | 1.31 |
| R-Squared: | 72% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $347 Mil |
| Fund Total Assets: | $ 56 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 170% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 21.4 years | |||
| Average Tenure: 10.6 years | |||
| Managers (Year): Calamos John (2005), Cogan Dennis (2013), Niziolek Nick (2013), Ruge Kyle (2024), Ryndak Paul (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 81 |
| % in Top 10 Holdings: | 31.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 92.6% |
Portfolio Allocation |
|
| Domestic Stock: | 6.3% |
| Foreign Stock: | 92.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 1.4% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.3% |
Purchase Information
| Fund Family: | Calamos |
| Phone Number: | 800-582-6959 |
| Website: | www.calamos.com |
| Status: | Open |
| Inception Date: | March 16, 2005 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | No |
| Front Load Maximum: | 4.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.20% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | Calamos International Growth I |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
