The Calamos Evolving World Growth Fund has demonstrated exceptional performance, significantly exceeding its benchmark. For the quarter concluding on June 30, 2026, the fund's Class I shares, at Net Asset Value (NAV), achieved a remarkable 35.48% return. This figure substantially outpaced the MSCI Emerging Markets Index, which registered a 24.15% return during the same period.

Emerging markets experienced a robust rally in the quarter, outperforming global markets. This strong showing was reflected in the MSCI Emerging Markets Index's impressive returns, both in USD terms (24.15%) and local currency (24.22%). The fund's success underscores the effectiveness of its investment approach in identifying and capitalizing on opportunities within these dynamic economies.

In an environment marked by geopolitical complexities and persistent volatility, a discerning and thematically-guided investment strategy is paramount. Such an approach, emphasizing selective investments, provides a crucial framework for navigating the evolving market landscape. By carefully choosing assets within a robust thematic structure, investors can better mitigate risks and capture growth, ensuring resilience and prosperity in an unpredictable global economy.

The strong performance of the Calamos Evolving World Growth Fund reinforces the principle that strategic, well-researched investment decisions are vital for achieving superior returns. In today's interconnected yet often turbulent global financial system, a proactive and adaptive investment philosophy not only fosters financial growth but also embodies a forward-looking and positive engagement with global economic progress.