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Fees and Expenses of the Fund The following table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund (“Fund Shares”). Investors may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:-1.99pt 0pt 0pt"><td style="min-width:4pt; max-width:4pt"></td><td colspan="3" style="min-width:511.5pt; max-width:511.5pt; vertical-align:bottom">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment):</td></tr> <tr style="display:block; margin:5.25pt 0pt 0pt"><td style="min-width:4pt; max-width:4pt; border-bottom:0.75pt solid #b3b3b3"></td><td style="min-width:467pt; max-width:467pt; padding:1.76pt 0pt 0.93pt; vertical-align:bottom; border-bottom:0.75pt solid #b3b3b3">Management Fees</td><td style="min-width:27.5pt; max-width:27.5pt; padding:1.76pt 0pt 0.93pt; text-align:right; vertical-align:bottom; background-color:#b3b3b3; border-bottom:0.75pt solid #b3b3b3">0.79</td><td style="min-width:17pt; max-width:17pt; padding:1.76pt 0pt 0.93pt; vertical-align:bottom; background-color:#b3b3b3; border-bottom:0.75pt solid #b3b3b3">%</td></tr> <tr style="display:block"><td style="min-width:4pt; max-width:4pt; border-bottom:0.75pt solid #b3b3b3"></td><td style="min-width:467pt; max-width:467pt; padding:1.76pt 0pt 0.93pt; vertical-align:bottom; border-bottom:0.75pt solid #b3b3b3">Distribution and/or Service Fees (12b-1)</td><td style="min-width:27.5pt; max-width:27.5pt; padding:1.76pt 0pt 0.93pt; text-align:right; vertical-align:bottom; background-color:#e6e6e6; border-bottom:0.75pt solid #b3b3b3">0.00</td><td style="min-width:17pt; max-width:17pt; padding:1.76pt 0pt 0.93pt; vertical-align:bottom; background-color:#e6e6e6; border-bottom:0.75pt solid #b3b3b3">%</td></tr> <tr style="display:block"><td style="min-width:4pt; max-width:4pt; border-bottom:0.75pt solid #b3b3b3"></td><td style="min-width:467pt; max-width:467pt; padding:1.76pt 0pt 0.93pt; vertical-align:bottom; border-bottom:0.75pt solid #b3b3b3">Other Expenses1</td><td style="min-width:27.5pt; max-width:27.5pt; padding:1.76pt 0pt 0.93pt; text-align:right; vertical-align:bottom; background-color:#b3b3b3; border-bottom:0.75pt solid #b3b3b3">0.00</td><td style="min-width:17pt; max-width:17pt; padding:1.76pt 0pt 0.93pt; vertical-align:bottom; background-color:#b3b3b3; border-bottom:0.75pt solid #b3b3b3">%</td></tr> <tr style="display:block"><td style="min-width:4pt; max-width:4pt; border-bottom:0.75pt solid #b3b3b3"></td><td style="min-width:467pt; max-width:467pt; padding:1.76pt 0pt 0.93pt; vertical-align:bottom; border-bottom:0.75pt solid #b3b3b3">Total Annual Operating Expenses</td><td style="min-width:27.5pt; max-width:27.5pt; padding:1.76pt 0pt 0.93pt; text-align:right; vertical-align:bottom; background-color:#e6e6e6; border-bottom:0.75pt solid #b3b3b3">0.79</td><td style="min-width:17pt; max-width:17pt; padding:1.76pt 0pt 0.93pt; vertical-align:bottom; background-color:#e6e6e6; border-bottom:0.75pt solid #b3b3b3">%</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:6.82pt 264.5pt 0pt 7.5pt"><td style="min-width:7pt; max-width:7pt; vertical-align:top">1</td><td style="min-width:236.5pt; max-width:236.5pt; vertical-align:bottom">“Other Expenses” are based on estimated amounts for the current fiscal year. </td></tr> </table> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment): 0.0079 0 0 0.0079 “Other Expenses” are based on estimated amounts for the current fiscal year. Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated, and then sell all of your Fund Shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs, whether you sell or hold your Fund Shares, would be: You would pay the following expenses whether you sell or hold your Fund Shares at the end of the period: You would pay the following expenses whether you sell or hold your Fund Shares at the end of the period: <table style="border-collapse:collapse; margin:11.75pt 0pt 0pt; border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000; border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-spacing: 0px;"><tr><td style="min-width:50.15pt; max-width:50.15pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box"> </td><td style="min-width:43.8pt; max-width:43.8pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box; text-align:center; padding:4.12pt 0pt 1.32pt">One Year </td><td style="min-width:6.8pt; max-width:6.8pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box"> </td><td style="min-width:290.8pt; max-width:290.8pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box"> </td><td style="min-width:11.4pt; max-width:11.4pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box"> </td><td style="min-width:70.2pt; max-width:70.2pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box; text-align:center; padding:4.12pt 0pt 1.32pt">Three Years </td><td style="min-width:42.35pt; max-width:42.35pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box"> </td></tr> <tr><td style="min-width:50.15pt; max-width:50.15pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:43.8pt; max-width:43.8pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:center; padding:2.51pt 0pt 1.61pt">$81 </td><td style="min-width:6.8pt; max-width:6.8pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:290.8pt; max-width:290.8pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:11.4pt; max-width:11.4pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:70.2pt; max-width:70.2pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:center; padding:2.51pt 0pt 1.61pt">$252 </td><td style="min-width:42.35pt; max-width:42.35pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> <tr><td style="min-width:50.15pt; max-width:50.15pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:43.8pt; max-width:43.8pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:6.8pt; max-width:6.8pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:290.8pt; max-width:290.8pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:11.4pt; max-width:11.4pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:70.2pt; max-width:70.2pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:42.35pt; max-width:42.35pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td></tr> </table> <table style="border-collapse:collapse; margin:11.75pt 0pt 0pt; border-top:0.5pt solid #000000; border-bottom:0.5pt solid #000000; border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-spacing: 0px;"><tr><td style="min-width:50.15pt; max-width:50.15pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box"> </td><td style="min-width:43.8pt; max-width:43.8pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box; text-align:center; padding:4.12pt 0pt 1.32pt">One Year </td><td style="min-width:6.8pt; max-width:6.8pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box"> </td><td style="min-width:290.8pt; max-width:290.8pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box"> </td><td style="min-width:11.4pt; max-width:11.4pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box"> </td><td style="min-width:70.2pt; max-width:70.2pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box; text-align:center; padding:4.12pt 0pt 1.32pt">Three Years </td><td style="min-width:42.35pt; max-width:42.35pt; background-color:#b3b3b3; vertical-align:top; box-sizing:border-box"> </td></tr> <tr><td style="min-width:50.15pt; max-width:50.15pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:43.8pt; max-width:43.8pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:center; padding:2.51pt 0pt 1.61pt">$81 </td><td style="min-width:6.8pt; max-width:6.8pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:290.8pt; max-width:290.8pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:11.4pt; max-width:11.4pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:70.2pt; max-width:70.2pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:center; padding:2.51pt 0pt 1.61pt">$252 </td><td style="min-width:42.35pt; max-width:42.35pt; background-color:#e6e6e6; vertical-align:top; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> <tr><td style="min-width:50.15pt; max-width:50.15pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:43.8pt; max-width:43.8pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:6.8pt; max-width:6.8pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:290.8pt; max-width:290.8pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:11.4pt; max-width:11.4pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:70.2pt; max-width:70.2pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td><td style="min-width:42.35pt; max-width:42.35pt; vertical-align:top; border-top:0.5pt solid #000000; box-sizing:border-box"> </td></tr> </table> 81 81 252 252 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the example, affect the Fund’s performance. The Fund’s portfolio turnover rate is not available as the Fund had not commenced investment operations as of the date of this prospectus. The portfolio turnover rate of the Calamos Timpani SMID Growth Fund (the “Predecessor Fund”) was 192% for the fiscal year ended October 31, 2025. 1.92 Principal Investment Strategies Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in growth equity securities of small and mid-capitalization companies of issuers primarily located in the United States. The Fund defines a small and mid-capitalization company as any company with a market capitalization less than or equal to that of the company with the largest market capitalization of either the Russell 2500® Index or the MSCI USA SMID Cap Index as measured on a rolling 24-month basis over the most recent period. The market capitalization of a security is measured at the time of purchase. Calamos Advisors LLC (“Calamos Advisors”) defines “growth” to include any company, security or instrument if any of the following characteristics rank better than average when compared to the Fund’s broad-based equity index (long-term projected earnings growth, book value growth, sales growth, cash flow growth and historical earnings growth) or if the company is included as a constituent in any of the growth indices published by third-party index providers or if the security or instrument tracks the performance of a growth index. Calamos Advisors uses fundamental research to evaluate investment opportunities, focusing on companies that it believes have superior management and whose business models have a high potential for earnings upside. Equity securities in which the Fund invests as a part of its principal investment strategy consist of common stocks and American Depositary Receipts (“ADRs”). The Fund may invest up to 25% of its net assets in foreign securities. Foreign securities are securities issued by issuers that are organized under the laws of a foreign country, that have a substantial portion of their operations or assets in a foreign country or countries, or that derive a substantial portion of their revenue or profits from businesses, investments or sales outside of the United States. The Fund may also invest in foreign securities that are represented in the United States securities markets by ADRs or similar depositary arrangements. The Fund’s foreign investments can be denominated in U.S. dollars or in foreign currencies. Calamos Advisors may actively trade portfolio securities. From time to time, the Fund may have significant investments in certain sectors due to Calamos Advisors’ investment process yielding opportunities for sound growth potential within those sectors. The Fund’s sector exposure may vary. An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. Your investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:5.5pt 1pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:492pt; max-width:492pt; vertical-align:bottom">American Depositary Receipts Risk — The stocks of most foreign companies that trade in the U.S. markets are traded as ADRs. U.S. depositary banks issue these stocks. Each ADR represents one or more shares of foreign stock or a fraction of a share. The price of an ADR corresponds to the price of the foreign stock in its home market, adjusted to the ratio of the ADRs to foreign company shares. Therefore while purchasing a security on a U.S. exchange, the risks inherently associated with foreign investing still apply to ADRs.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 4pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:489pt; max-width:489pt; vertical-align:bottom">Authorized Participant Concentration Risk — Only an Authorized Participant may engage in creation or redemption transactions directly with the Fund, and none of those Authorized Participants is obligated to engage in creation and/or redemption transactions.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 0pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:493pt; max-width:493pt; vertical-align:bottom">Cash Holdings Risk — To the extent the Fund holds cash positions, the Fund risks achieving lower returns and potential lost opportunities to participate in market appreciation which could negatively impact the Fund’s performance and ability to achieve its investment objective.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 3pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:490pt; max-width:490pt; vertical-align:bottom">Costs of Buying and Selling Fund Shares — Due to the costs of buying or selling Fund Shares, including brokerage commissions imposed by brokers and bid/ask spreads, frequent trading of Fund Shares may significantly reduce investment results and an investment in Fund Shares may not be advisable for investors who anticipate regularly making small investments.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 8pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:485pt; max-width:485pt; vertical-align:bottom">Currency Risk — To the extent that the Fund invests in securities or other instruments denominated in or indexed to foreign currencies, changes in currency exchange rates bring an added dimension of risk. Currency fluctuations could negatively impact investment gains or add to investment losses. Although the Fund may attempt to hedge against currency risk, the hedging instruments may not always perform as the Fund expects and could produce losses. Suitable hedging instruments may not be available for currencies of emerging market countries. The Fund’s investment adviser may determine not to hedge currency risks, even if suitable instruments appear to be available.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 0pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:493pt; max-width:493pt; vertical-align:bottom">Equity Securities Risk — The securities markets are volatile, and the market prices of the Fund’s securities may decline generally. The price of equity securities fluctuates based on changes in a company’s financial condition and overall market </td></tr> </table><table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:-2.79pt 0pt 0pt 23pt"><td style="min-width:493pt; max-width:493pt; vertical-align:top">and economic conditions. If the market prices of the securities owned by the Fund (i.e., the Fund’s long position) fall, the value of your investment in the Fund will decline.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 0pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:493pt; max-width:493pt; vertical-align:bottom">Foreign Securities Risk — Risks associated with investing in foreign securities include fluctuations in the exchange rates of foreign currencies that may affect the U.S. dollar value of a security, the possibility of substantial price volatility as a result of political and economic instability in the foreign country, less public information about issuers of securities, different securities regulation, different accounting, auditing and financial reporting standards and less liquidity than in U.S. markets.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 1pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:492pt; max-width:492pt; vertical-align:bottom">Growth Stock Risk — Growth securities typically trade at higher multiples of current earnings than other securities and, therefore, may be more sensitive to changes in current or expected earnings than other equity securities and may be more volatile.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 0pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:493pt; max-width:493pt; vertical-align:bottom">Liquidity Risk — Liquidity risk exists when particular investments are difficult to purchase or sell. The Fund’s investments in illiquid securities may reduce the returns of the Fund because it may be unable to sell the illiquid securities at an advantageous time or price.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 0pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:493pt; max-width:493pt; vertical-align:bottom">Market risk — The risk that the securities markets will increase or decrease in value is considered market risk and applies to any security. If there is a general decline in the stock or fixed-income market, it is possible your investment may lose value regardless of the individual results of the companies in which a Fund invests.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 6pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:487pt; max-width:487pt; vertical-align:bottom">Portfolio Selection Risk — The value of your investment may decrease if the investment adviser’s judgment about the attractiveness, value or market trends affecting a particular security, issuer, industry, or sector or about market movements is incorrect.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 0pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:493pt; max-width:493pt; vertical-align:bottom">Portfolio Turnover Risk — The portfolio manager(s) may actively and frequently trade securities or other instruments in the Fund’s portfolio to carry out its investment strategies. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses. Frequent and active trading may also cause adverse tax consequences for investors in the Fund due to an increase in short-term capital gains.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 1pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:492pt; max-width:492pt; vertical-align:bottom">Premium-Discount Risk — Fund Shares may trade above or below their NAV. The market prices of Fund Shares will generally fluctuate in accordance with changes in NAV as well as the relative supply of, and demand for, Fund Shares on the Exchange. The trading price of Fund Shares may deviate significantly from NAV during periods of market volatility.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 0pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:493pt; max-width:493pt; vertical-align:bottom">Secondary Market Trading Risk — Investors buying or selling Fund Shares in the secondary market will pay brokerage commissions or other charges imposed by brokers as determined by that broker. Brokerage commissions are often a fixed amount and may be a significant proportional cost for investors seeking to buy or sell relatively small amounts of Fund Shares. Although the Fund Shares are listed on the Exchange, there can be no assurance that an active or liquid trading market for them will develop or be maintained. The Fund’s shares may trade at prices substantially different from NAV during periods of market stress or when the complex underlying derivatives are difficult to value. In addition, trading in Fund Shares on the Exchange may be halted.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 0pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:493pt; max-width:493pt; vertical-align:bottom">Sector Risk — To the extent the Fund invests a significant portion of its assets in a particular sector, a greater portion of the Fund’s performance may be affected by the general business and economic conditions affecting that sector. Each sector may share economic risk with the broader market, however there may be economic risks specific to each sector. As a result, returns from those sectors may trail returns from the overall stock market and it is possible that the Fund may underperform the broader market, or experience greater volatility.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 0pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:493pt; max-width:493pt; vertical-align:bottom">Small and Mid-Sized Company Stock Risk — Small to mid-sized company stocks have historically been subject to greater investment risk than large company stocks. The prices of small to mid-sized company stocks tend to be more volatile and less liquid than large company stocks. Small and mid-sized companies may have no or relatively short operating histories, or be newly formed public companies. Some of these companies have aggressive capital structures, including high debt levels, or are involved in rapidly growing or changing industries and/or new technologies, which pose additional risks.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 2pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:491pt; max-width:491pt; vertical-align:bottom">Tax Risk — The Fund intends to elect and to qualify each year to be treated as a regulated investment company (“RIC”) under Subchapter M of the Code. As a RIC, the Fund is generally not subject to corporate-level U.S. federal income tax </td></tr> </table><table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:-2.79pt 2pt 0pt 23pt"><td style="min-width:491pt; max-width:491pt; vertical-align:top">on any net ordinary income or capital gains that are timely distributed to shareholders. If the Fund does not qualify as a RIC for any taxable year and certain relief provisions are not available, the Fund’s taxable income will be subject to tax at the Fund level and to a further tax at the shareholder level when such income is distributed.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3.5pt 6pt 0pt 14pt"><td style="min-width:9pt; max-width:9pt; vertical-align:top">•</td><td style="min-width:487pt; max-width:487pt; vertical-align:bottom">Trading Issues Risk — Trading in Fund Shares on the Exchange may be halted due to market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable. Further, there can be no assurance that the requirements of the Exchange necessary to maintain the listing of the Fund will continue to be met or will remain unchanged.</td></tr> </table> Fund Performance The Fund has not commenced operations as of the date of this prospectus. Simultaneous with the Fund’s commencement of operations, which is anticipated to occur on or about September 18, 2026, the Fund will acquire the assets and assume the liabilities of the Calamos Timpani SMID Growth Fund (the “Predecessor Fund”) in a reorganization (the “Reorganization”). As a result of the Reorganization, the Fund will adopt the performance and financial history of the Predecessor Fund’s Class I shares. The accompanying bar chart and table provide some indication of the risks of investing in the Predecessor Fund. The bar chart shows changes in the Predecessor Fund’s performance from year to year (represented by the performance of the Predecessor Fund’s Class I). The table shows the average annual total returns of the Predecessor Fund and also compares the Predecessor Fund’s performance with the average annual total returns of a broad measure of market performance. The Fund has the same investment goal and substantially similar strategies as the Predecessor Fund. However, the Fund has a lower net expense ratio than each share class of the Predecessor Fund. As a result, the performance returns of the Fund for the periods shown would have been different than those of the Predecessor Fund. Had the Predecessor Fund been structured as an ETF, its performance may have differed. The Fund has not commenced operations as of the date of this prospectus. The accompanying bar chart and table provide some indication of the risks of investing in the Predecessor Fund. The bar chart shows changes in the Predecessor Fund’s performance from year to year (represented by the performance of the Predecessor Fund’s Class I). The table shows the average annual total returns of the Predecessor Fund and also compares the Predecessor Fund’s performance with the average annual total returns of a broad measure of market performance. CLASS I* ANNUAL TOTAL RETURN FOR YEARS ENDED 12.31 <div style="margin:15pt 0pt 0pt"><img alt="" src="j2691263_ba001.jpg" style="margin:0.44pt 127.21pt; width: 348.7px; height: 142.8px;"/></div> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:12.5pt 91.5pt 0pt 4.5pt"><td style="min-width:92.5pt; max-width:92.5pt; vertical-align:bottom">Highest Quarterly Return:</td><td style="min-width:172pt; max-width:172pt; vertical-align:bottom">37.58% (6.30.20)</td><td style="min-width:91pt; max-width:91pt; vertical-align:bottom">Lowest Quarterly Return:</td><td style="min-width:64pt; max-width:64pt; vertical-align:bottom">-22.94% (6.30.22)</td></tr> </table> Highest Quarterly Return: 0.3758 2020-06-30 Lowest Quarterly Return: -0.2294 2022-06-30 <div style="display:table-cell; vertical-align:top; min-width:15pt; max-width:15pt"><div style="line-height:9pt; transform-origin:left; transform:matrix(1.4287,0,0,1.4287,0,0); max-width:69.99%; padding-left:5.6pt">*</div></div><div style="display:table-cell; vertical-align:bottom; min-width:500.5pt; max-width:500.5pt"><div style="line-height:9pt; transform-origin:left; transform:matrix(0.86,0,0,1,0,0); min-width:116.28%">Annual returns for Class I are provided because Class I shares represent the largest percentage of assets in the Calamos Family of Funds.</div></div> The Fund makes updated performance information, including its current net asset value per share, available at www.Calamos.com. The Fund’s (and Predecessor Fund’s) past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. www.Calamos.com The Fund’s (and Predecessor Fund’s) past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. <table style="border-collapse:collapse; margin:0pt; border-spacing: 0px;"><tr><td colspan="18" style="min-width:515.5pt; max-width:515.5pt; background-color:#000000; vertical-align:top; box-sizing:border-box; text-align:left; padding:3.4pt 0pt 7.4pt">AVERAGE ANNUAL TOTAL RETURNS — FOR THE PERIODS ENDED 12.31.25 </td></tr> <tr><td style="min-width:241pt; max-width:241pt; vertical-align:bottom; box-sizing:border-box"> </td><td style="min-width:12pt; max-width:12pt; background-color:#b3b3b3; vertical-align:bottom; box-sizing:border-box"> </td><td colspan="3" style="min-width:59pt; max-width:59pt; background-color:#b3b3b3; vertical-align:bottom; box-sizing:border-box; text-align:center; padding:3.12pt 0pt 4.32pt">INCEPTION DATE OF CLASS </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; box-sizing:border-box"> </td><td colspan="3" style="min-width:39pt; max-width:39pt; background-color:#b3b3b3; vertical-align:bottom; box-sizing:border-box; text-align:center; padding:3.12pt 0pt 4.32pt">ONE YEAR </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; box-sizing:border-box"> </td><td colspan="3" style="min-width:42pt; max-width:42pt; background-color:#b3b3b3; vertical-align:bottom; box-sizing:border-box; text-align:center; padding:3.12pt 0pt 4.32pt">FIVE YEAR </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; box-sizing:border-box"> </td><td colspan="3" style="min-width:41pt; max-width:41pt; background-color:#b3b3b3; vertical-align:bottom; box-sizing:border-box; text-align:center; padding:3.12pt 0pt 4.32pt">SINCE INCEPTION </td><td style="min-width:12.5pt; max-width:12.5pt; background-color:#b3b3b3; vertical-align:bottom; box-sizing:border-box"> </td></tr> <tr><td style="min-width:241pt; max-width:241pt; background-color:#ffffff; vertical-align:bottom; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt 4pt">Class A </td><td style="min-width:12pt; max-width:12pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:31pt; max-width:31pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:center; padding:1.51pt 0pt 0.86pt">7.31.19 </td><td style="min-width:14pt; max-width:14pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:10pt; max-width:10pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:13pt; max-width:13pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:21pt; max-width:21pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:11pt; max-width:11pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:12.5pt; max-width:12.5pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> <tr><td style="min-width:241pt; max-width:241pt; background-color:#ffffff; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt 13pt">Load Adjusted Return before taxes </td><td style="min-width:12pt; max-width:12pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:31pt; max-width:31pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">15.25 </td><td style="min-width:10pt; max-width:10pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">5.33 </td><td style="min-width:13pt; max-width:13pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:21pt; max-width:21pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">11.18 </td><td style="min-width:11pt; max-width:11pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:12.5pt; max-width:12.5pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> <tr><td style="min-width:241pt; max-width:241pt; background-color:#ffffff; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt 4pt">Class I </td><td style="min-width:12pt; max-width:12pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:31pt; max-width:31pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:center; padding:1.51pt 0pt 0.86pt">7.31.19 </td><td style="min-width:14pt; max-width:14pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:10pt; max-width:10pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:13pt; max-width:13pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:21pt; max-width:21pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:11pt; max-width:11pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:12.5pt; max-width:12.5pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> <tr><td style="min-width:241pt; max-width:241pt; background-color:#ffffff; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt 13pt">Load Adjusted Return before taxes </td><td style="min-width:12pt; max-width:12pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:31pt; max-width:31pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">21.25 </td><td style="min-width:10pt; max-width:10pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">6.63 </td><td style="min-width:13pt; max-width:13pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:21pt; max-width:21pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">12.31 </td><td style="min-width:11pt; max-width:11pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:12.5pt; max-width:12.5pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> <tr><td style="min-width:241pt; max-width:241pt; background-color:#ffffff; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt 13pt">Load Adjusted Return after taxes on distributions* </td><td style="min-width:12pt; max-width:12pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:31pt; max-width:31pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">20.00 </td><td style="min-width:10pt; max-width:10pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">5.55 </td><td style="min-width:13pt; max-width:13pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:21pt; max-width:21pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">11.43 </td><td style="min-width:11pt; max-width:11pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:12.5pt; max-width:12.5pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> <tr><td style="min-width:241pt; max-width:241pt; background-color:#ffffff; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt 13pt">Load Adjusted Return after taxes on distributions and sale of Fund shares* </td><td style="min-width:12pt; max-width:12pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:31pt; max-width:31pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">13.49 </td><td style="min-width:10pt; max-width:10pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">4.92 </td><td style="min-width:13pt; max-width:13pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:21pt; max-width:21pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">9.76 </td><td style="min-width:11pt; max-width:11pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:12.5pt; max-width:12.5pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> <tr><td style="min-width:241pt; max-width:241pt; background-color:#ffffff; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt 4pt">Class R6 </td><td style="min-width:12pt; max-width:12pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:31pt; max-width:31pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:center; padding:1.51pt 0pt 0.86pt">7.31.19 </td><td style="min-width:14pt; max-width:14pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:10pt; max-width:10pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:13pt; max-width:13pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:21pt; max-width:21pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:11pt; max-width:11pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:12.5pt; max-width:12.5pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> <tr><td style="min-width:241pt; max-width:241pt; background-color:#ffffff; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt 13pt">Load Adjusted Return before taxes </td><td style="min-width:12pt; max-width:12pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:31pt; max-width:31pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">21.38 </td><td style="min-width:10pt; max-width:10pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">6.65 </td><td style="min-width:13pt; max-width:13pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:21pt; max-width:21pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">12.34 </td><td style="min-width:11pt; max-width:11pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:12.5pt; max-width:12.5pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> <tr><td style="min-width:241pt; max-width:241pt; background-color:#ffffff; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt 4pt">Russell 3000 Total Return Index1 </td><td style="min-width:12pt; max-width:12pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:31pt; max-width:31pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">17.15 </td><td style="min-width:10pt; max-width:10pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">13.15 </td><td style="min-width:13pt; max-width:13pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:21pt; max-width:21pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">14.70 </td><td style="min-width:11pt; max-width:11pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:12.5pt; max-width:12.5pt; background-color:#e6e6e6; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> <tr><td style="min-width:241pt; max-width:241pt; background-color:#ffffff; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt 4pt">Russell 2500 Growth Index </td><td style="min-width:12pt; max-width:12pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:31pt; max-width:31pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:14pt; max-width:14pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">10.31 </td><td style="min-width:10pt; max-width:10pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:20pt; max-width:20pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">2.98 </td><td style="min-width:13pt; max-width:13pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:23pt; max-width:23pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:9pt; max-width:9pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td><td style="min-width:21pt; max-width:21pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:right; padding:1.51pt 0pt 0.86pt">8.61 </td><td style="min-width:11pt; max-width:11pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box; text-align:left; padding:1.51pt 0pt 0.86pt">% </td><td style="min-width:12.5pt; max-width:12.5pt; background-color:#b3b3b3; vertical-align:bottom; border-top:0.5pt solid #b3b3b3; border-bottom:0.5pt solid #b3b3b3; box-sizing:border-box"> </td></tr> </table><table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:6.5pt 0pt 0pt 8pt"><td style="min-width:7pt; max-width:7pt; vertical-align:top">1</td><td style="min-width:500.5pt; max-width:500.5pt; vertical-align:bottom">The Fund’s investment adviser added the broad-based securities market index in accordance with regulatory disclosure requirements. The Fund continues to use the Russell 2500 Growth Index as an additional benchmark because the investment adviser believes it is more representative of the Fund’s investment universe than the broad-based securities market index. All index returns include the reinvestment of dividends and distributions net of withholding taxes, but do not reflect fees, brokerage commissions, or other expenses.</td></tr> </table> <table cellpadding="0" style="border-collapse:collapse; border-spacing: 0px;"> <tr style="display:block; margin:3pt 49.5pt 0pt 8pt"><td style="min-width:7pt; max-width:7pt; vertical-align:top">*</td><td style="min-width:451pt; max-width:451pt; vertical-align:bottom">Returns after taxes for Class I are provided because Class I shares represent the largest percentage of assets in the Calamos Family of Funds.</td></tr> </table> AVERAGE ANNUAL TOTAL RETURNS — FOR THE PERIODS ENDED 12.31.25 2019-07-31 0.1525 0.0533 0.1118 2019-07-31 0.2125 0.0663 0.1231 0.20 0.0555 0.1143 0.1349 0.0492 0.0976 2019-07-31 0.2138 0.0665 0.1234 0.1715 0.1315 0.147 0.1031 0.0298 0.0861 The Fund’s investment adviser added the broad-based securities market index in accordance with regulatory disclosure requirements. The Fund continues to use the Russell 2500 Growth Index as an additional benchmark because the investment adviser believes it is more representative of the Fund’s investment universe than the broad-based securities market index. All index returns include the reinvestment of dividends and distributions net of withholding taxes, but do not reflect fees, brokerage commissions, or other expenses. 0.5894 0.0789 -0.3488 0.1226 0.4410 0.2125 485BPOS 0001579881 false “Other Expenses” are based on estimated amounts for the current fiscal year. Returns after taxes for Class I are provided because Class I shares represent the largest percentage of assets in the Calamos Family of Funds. The Fund’s investment adviser added the broad-based securities market index in accordance with regulatory disclosure requirements. The Fund continues to use the Russell 2500 Growth Index as an additional benchmark because the investment adviser believes it is more representative of the Fund’s investment universe than the broad-based securities market index. All index returns include the reinvestment of dividends and distributions net of withholding taxes, but do not reflect fees, brokerage commissions, or other expenses.