Home Latest Articles Summary For the quarter ended March 31, 2026, the Calamos International Growth Fund returned 2.79% (Class I shares at NAV), strongly outpacing the MSCI EAFE Growth Index -4.62% return. The investment team has updated positioning to be more balanced across cyclical and defensive cohorts while continuing to emphasize thematic growth exposure across optical networking, robotics, and space. Calamos moderated exposure to financials where flattening yield curves, reduced prospects for monetary easing, and private credit dynamics reduced the near-term conviction held entering the year. The Calamos International Growth Fund benefited from security selection and an average overweight position in information technology, specifically semiconductors, which promoted returns during the quarter.…