Both the ETF and mutual fund are benchmarked to the Russell 1000 Growth Index.
As a growth offering, the Focus Growth Fund, the mutual fund version, currently allocates a combined 54.9% of its weight to the technology and consumer discretionary sectors, according to Calamos data.
Top-10 holdings include Apple (NasdaqGS: AAPL), Facebook (NasdaqGS: FB), Priceline (NasdaqGS: PCLN) and Schlumberger (NYSE: SLB).
While some growth sectors and stocks have taken their lumps this year, the Calamos Focus Growth ETF could be an effective portfolio addition right out of the gate for prescient investors.
“Equity valuations are still reasonable with the S&P 500 trading at a P/E of 16.5, but we normally see growth valuations that are much higher at this point in the cycle,” said Black. “The P/E for growth stocks against non-growth is currently 1.1 compared to a historical average of 1.4.”
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Apple, Facebook and BOND.