Morningstar Advisor - June/July 2012 - (Page Cover4)

5 yEARS. 5 STARS. Calamos Knows Global Growth. Calamos Global Equity Fund CAGEX Overall Morningstar Rating™ among 710 World Stock Funds as of 3/31/12. Calamos Global Equity Fund has achieved compelling results through a time-tested growth approach. Learn more about the Fund’s compelling results at Calamos.com/CAGEX or call us at 800.582.6959. Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Before investing, carefully consider a Fund’s investment objectives, risks, charges and expenses. The prospectus contains this and other important information about the fund, and may be obtained by calling 1.800.582.6959 or by visiting www.calamos.com. Read it carefully. Class A Shares as of 3/31/12: Calamos Global Equity Fund received 5 stars for 3 years and 5 stars for 5 years out of 710 and 504 World Stock funds, respectively. Morningstar Rating™ are based on risk-adjusted returns. The Overall Morningstar RatingTM 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.) Morningstar data: © 2012 Morningstar, Inc. All rights reserved. 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. Calamos Financial Services LLC, Distributor 2020 Calamos Court | Naperville, IL 60563-2787 | 800.582.6959 | calamos.com | investmentprofessionals@calamos.com © 2012 Calamos Investments LLC. All Rights Reserved. Calamos® is a registered trademark Calamos Investments LLC. 10534 0412O AD http://www.calamos.com http://www.Calamos.com/CAGEX http://www.calamos.com http://www.calamos.com

Table of Contents for the Digital Edition of Morningstar Advisor - June/July 2012

Morningstar Advisor - June/July 2012
Contributors
Letter From the Editor
Be Worth Remarking About
How Important Is Stewardship?
From West Point to Points East
Where a Fund’s Secrets Lie
Getting Fund Directors on Board
Managers Prep for Housing Rebound
Four Picks for the Present
Investment Briefs
A Hedge Against Career Risk
Natural Gas Reaches Capitulation
Family Matters
How Good Stewardship Predicts Superior Performance
Stewardship Goes Back to the Fundamentals
On the Go for Fixed Income
Where Shareholders Ride First Class
Dangers Lurk in Exchange-Traded Notes
Stocks on Sale in a Strong Market
A Good Steward Is Easy to Find
Our Favorite Mutual Funds
50 Most Popular ETFs
Undervalued Stocks With Wide Moats
Buffett Rule’s Biggest Losers

Morningstar Advisor - June/July 2012