Exhibit 99.1

Contact:

Jennifer McGuffin
Director of Investor Relations
+1 630 245 1780
jmcguffin@calamos.com

Calamos Asset Management, Inc. Reports First Quarter 2011 Results and Declares Dividend

NAPERVILLE, Ill., April 28, 2011 — Calamos Asset Management, Inc. (NASDAQ: CLMS), a diversified global investment firm offering equity, fixed income, convertible and alternative strategies, today reported first quarter 2011 results.

Financial Highlights

	•		Revenues were $90.5 million, an increase of 5% from $86.0 in the fourth quarter of 2010 and up 12% from $81.1 million in the first quarter of 2010.
	•		Operating income increased by 4% to $37.3 million from $35.7 for the fourth quarter 2010 and by 22% from $30.5 in the first quarter of 2010.
	•		Net income was $30.9 million, a 20% decrease from the fourth quarter and a 10% decrease from the first quarter 2010.
	•		Net income attributable to Calamos Asset Management, Inc. was $4.6 million, representing 21.9% ownership interest in the underlying investment management business.
	•		Diluted earnings per share were $0.23, compared to $0.28 per share last quarter and $0.24 a year ago.

o

Diluted earnings per share decreased from the prior periods primarily as a result of non-operating activities, specifically the mark-to-market impact of certain investments in the company’s corporate investment portfolio that have an effect on current earnings.

	•		At March 31, 2011, assets under management increased by 7% to $38.0 billion from the previous quarter.
	•		The company declared a regular quarterly dividend of 9.5 cents per share payable on May 25, 2011 to shareholders of record on May 10, 2011.

Management Commentary

          “In the first quarter of 2011, we remained financially strong and exhibited stability in a quarter marked by significant market volatility. We saw an increase in assets under management throughout the quarter, maintained our operating margin and generated

competitive relative investment performance in most of our investment strategies. Results from operations improved and we generated net gains of 3.4% on the corporate investment portfolio during the quarter, which together create the expectation of earnings expansion. However, earnings per share decreased from the prior period because of the varying accounting treatment required for certain securities in our investment portfolio that prohibits all investment gains and losses from being reported in current earnings,” said John P. Calamos, Sr., chief executive officer and co-chief investment officer.

Distribution Efforts

          “Our distribution efforts resulted in net inflows in the first quarter. Given our initiative to expand and reinforce the Calamos brand globally, we were pleased to see significant positive net flows coming from our non-U.S. distribution efforts, including a large mandate awarded in Asia, as well as positive net flows into our UCITS funds. In the U.S., net flows were also positive in our mutual funds, partially offset by outflows in our U.S. institutional business. Our efforts to highlight the opportunities we see in growth equities were marked by the commencement of the Calamos ‘GrowthWorks’ campaign, a comprehensive sales and marketing initiative which is ongoing,” said Calamos.

Investment Performance

          “During the first quarter, investment performance was competitive, with most strategies beating or reflecting benchmark performance. We believe the long-term performance of our investment strategies demonstrates the strength of our risk-managed approach to investing across all of our strategies, which aims to generate strong performance over full and multiple market cycles,” said Calamos.

          Investment Performance Highlights:

	•		The majority of all Calamos mutual funds rank in the upper half of their respective Lipper1 categories for all time periods. Details of these ratings can be found in Table D.
	•		Similarly, eighty-two percent of the company’s mutual funds with at least a three-year track record received a 3-, 4-, or 5-star overall rating from Morningstar as of March 31, 2011.2 Details of the ratings can be found in Table E.
	•		The company’s performance in the institutional marketplace for the comparable investment strategies was similar to that of the mutual funds, with a majority ranking in the upper half of their peer groups for all time periods as of March 31, 2011, as determined by eVestment Alliance3. Details of these rankings are provided in Table F.

	•		The company continues to see significant returns from its global growth equity suite; Calamos Global Equity Fund, Calamos International Growth Fund and Calamos Evolving World Growth Fund. The A shares at NAV of each solidly outperformed the respective benchmarks this quarter — and for all time periods thus far — by at least 250 bps. The company believes this performance reflects the Investment Team’s ability to find opportunities around the world and demonstrates the benefits of active management.4
	•		Additionally, the new Calamos Discovery Growth Fund, which seeks to find growth opportunities in small- to mid-cap companies, is off to a good start. Its Class A             shares returned 15.41% for the quarter, compared to a 9.23% return for its benchmark, at NAV.4

          For complete investment performance, please see Table G or visit www.calamos.com.

Assets Under Management and Flows

          Assets under management as of March 31, 2011 totaled $38.0 billion, representing an increase of $2.5 billion, or 7%, during the first quarter.

	•		Average assets under management were $36.8 billion during the first quarter of 2011, compared to $32.3 billion for the same period one year ago.
	•		Total net inflows were $618 million while market appreciation contributed $1.9 billion to the increase in assets under management.
	•		Net inflows into the company’s investment companies were $346 million.
	•		12 of the company’s 19 funds generated net inflows with the highest concentration of net flows into the low-volatility equity, alternative and global strategies. However, outflows from the Convertible Fund and Growth Fund reduced total net inflows.
	•		The Emerging Markets Fund was introduced to the lineup of UCITS funds.
	•		UCITS funds, with nearly $500 million in total assets under management, generated positive inflows of $115 million.
	•		Institutional separate accounts had $254 million of positive net inflows.
	•		The first large investment mandate in Asia was awarded with inflows totaling nearly $400 million.

Financial Results

          Revenues for the first quarter of 2011 were $90.5 million, an increase of 12% from $81.1 million during the same period last year. For the quarter ended March 31, 2011, operating expenses were $53.2 million, an increase of $2.6 million, or 5%, from the first quarter of 2010.

          Investment management fees for the first quarter of 2011 increased by $9.0 million, or 15%, to $67.6 million compared to the same period last year. The increase in investment management fees was principally driven by a 14% increase in average assets under management. Distribution and underwriting fees increased by $277,000, or 1%, compared to the same period in 2010 as the asset-based increase in distribution fees was offset by lower contingent deferred sales charges. The percentage of mutual fund assets invested in Class I shares continues to increase and because the company does not earn distribution fees from Class I mutual fund shares, distribution fee revenue has been increasing at a slower rate than the growth in average mutual fund assets under management.

          Compensation expenses of $20.6 million increased by $500,000, or 2%, from the same quarter last year, mostly due to increases in sales-based incentive compensation as both gross and net sales increased significantly when compared to the same period last year. For the first quarter of 2011, distribution expenses were $18.2 million, an increase of $1.4 million, or 9%, due to increased mutual fund assets under management and to the increasing age of Class C share assets. The company retains the distribution fees on Class C shares for a period of 12 months following the initial purchase after which these fees are paid to third party intermediaries and recorded as distribution expenses. Marketing and sales promotion expenses were $3.4 million for the quarter, compared to $2.7 million in the first quarter of 2010. Marketing and sales promotion expenses continue to rise with the level of assets managed by the company because of the asset-based supplemental distribution payments that we make to distribution intermediaries. Additionally, through the use of selective advertising campaigns, the company remains focused on building awareness about the company’s growth strategies. General and administrative expenses increased by approximately $800,000, or 9%, to $9.2 million for the first quarter 2011 versus the comparable period. The continued focus on outsourcing non-core activities, such as the middle- and back-office operations functions, is the primary driver to the rise in general and administrative expenses.

          Operating income was $37.3 million for the current quarter versus $35.7 million in the previous quarter and $30.5 million in the first quarter of the prior year. Operating margin was 41.2% for the first quarter, down from 41.5% in the fourth quarter and up from 37.6% in the first quarter of the prior year. Diluted earnings per share for the first quarter of 2011 were $0.23 versus $0.28 for the fourth quarter and $0.24 for the same period a year ago. The decrease in earnings per share from the prior quarter was entirely attributable to the decrease in non-operating income, principally reflecting losses on derivatives used to hedge the corporate investment portfolio.

Non-Operating Results

          Non-operating loss, net of non-controlling interest in partnerships, was $3.5 million during the first quarter of 2011 as presented in Table A, compared to income of $6.9 million in the same period for 2010.

          The company’s financial condition remains strong with a high degree of liquidity. The investment portfolio was approximately $451.7 million at March 31, 2011 and was principally comprised of investments in products that the company manages. This portfolio consists

primarily of diversified investments in the company’s family of funds and cash equivalents and is used to provide seed capital for the development of new products. To reduce downside risk and price volatility of the total portfolio value, the company continues to use exchange-traded equity option contracts as an economic hedge.

Investment Portfolio Returns

          For the three months ended March 31, 2011, the net gains on the company’s investment portfolio (as presented in Table B) were $12.2 million, representing investment gains of 3.4%. Certain investment securities require differing financial accounting treatments; hence, not all changes in the portfolio’s value are reported in current earnings. Instead, only gains and losses from investment securities owned by the company’s broker-dealer and from the company’s derivatives positions are reported in the Consolidated Condensed Statements of Operations, while unrealized gains and losses on securities designated as “available-for-sale” are captured as a component of equity until realized. Therefore, in the most recently completed quarter, investment losses of $1.7 million (as presented in both Table A and Table B) decreased earnings, while the component of the company’s portfolio that directly impacts equity generated net unrealized gains of $13.9 million. The company continues to realize gains from a trading strategy that seeks to harvest capital gains to realize certain deferred tax assets.

Investor Conference Call

          Management will hold an investor conference call at 4 p.m. Central Time on Thursday, April 28, 2011. To access the live call and view management’s presentation, visit the Investor Relations section of our website at http://investors.calamos.com. Alternatively, participants may listen to the live call by dialing 877.604.9670 in the U.S. or Canada (719.325.4910 internationally), then entering conference ID #2395311. A replay of the call will be available until the end of the day on May 3, 2011 by dialing 888.203.1112 in the U.S. or Canada (719.457.0820 internationally), then entering conference ID #2395311. A webcast also will be available on the Investor Relations section of our website at http://investors.calamos.com for at least 90 days following the date of the call.

          Calamos Asset Management, Inc. (NASDAQ: CLMS) is a globally diversified investment firm offering equity, convertible, defensive equity, fixed income and alternative investment strategies, among others. The firm serves institutions and individuals via separately managed accounts and a family of open-end and closed-end funds, offering a risk-managed approach to capital appreciation and income-producing strategies. For more information, visit Calamos.com.

# # #

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.

Investing involves risk, including the possible loss of principal. The value of your investment will fluctuate over time and you may gain or lose money. A fund’s performance may be affected by risks that include those associated with non-diversification, non-investment grade debt securities, high-yield/high-risk securities, undervalued or overlooked companies, investments in specific industries or countries and potential conflicts of interest. Additional risks to funds may include those associated with investing in foreign securities, emerging markets, initial public offerings, derivatives, short sales and companies with relatively small market capitalizations.

Before investing carefully consider the fund’s investment objectives, risks, charges and expenses. Please see the prospectus containing this and other information or call 800-582-6959. Read it carefully.

Funds distributed by Calamos Financial Services LLC.

The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For each 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 the 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.) The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structures. It may be based, in part, on the performance of a predecessor fund. Morningstar does not rank funds with less than a three-year performance history.

From time to time, information or statements provided by us, including those within this news release, may contain certain forward-looking statements relating to future events, future financial performance, strategies, expectations, the competitive environment and regulations. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. For a discussion concerning some of these and other risks, uncertainties and other important factors that could affect future results, see “Forward-Looking Information” in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and, where applicable, “Risk Factors” in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission.

Calamos Asset Management, Inc.
Consolidated Condensed Statements of Operations
(in thousands, except share data)
(Unaudited)

		Three Months Ended March 31,
		2011				2010
Revenues:
Investment management fees		$	67,608			$	58,570
Distribution and underwriting fees			22,112				21,835
Other			828				725
Total revenues			90,548				81,130
Expenses:
Employee compensation and benefits			20,632				20,132
Distribution expenses			18,233				16,790
Amortization of deferred sales commissions			1,748				2,566
Marketing and sales promotion			3,439				2,732
General and administrative			9,181				8,392
Total operating expenses			53,233				50,612
Operating income			37,315				30,518
Non-operating income (loss)			(3,522	)			6,909
Income before income tax provision			33,793				37,427
Income tax provision			2,907				3,222
Net income			30,886				34,205
Net income attributable to non-controlling interest in Calamos Holdings LLC			(26,249	)			(29,387	)
Net income attributable to non-controlling interest in partnership investments			(5	)			(7	)
Net income attributable to Calamos Asset Management, Inc.		$	4,632			$	4,811
Earnings per share
Basic		$	0.23			$	0.24
Diluted		$	0.23			$	0.24
Weighted average shares outstanding
Basic			20,035,394				19,820,744
Diluted			20,478,456				20,122,940

Calamos Asset Management, Inc.
Assets Under Management
(in millions)

		Three Months Ended
		March 31,
		2011				2010
Investment Companies
Beginning assets under management		$	27,352			$	24,480
Net purchases (redemptions)			346				(32	)
Market appreciation			1,383				592
Ending assets under management			29,081				25,040
Average assets under management			28,367				24,347
Separate Accounts
Beginning assets under management			8,062				8,234
Net purchases (redemptions)			272				(515	)
Market appreciation			546				204
Ending assets under management			8,880				7,923
Average assets under management			8,413				8,001
Total Assets Under Management
Beginning assets under management			35,414				32,714
Net purchases (redemptions)			618				(547	)
Market appreciation			1,929				796
Ending assets under management			37,961				32,963
Average assets under management		$	36,780			$	32,348

		At March 31,								Change
		2011				2010				Amount				Percent
Investment Companies
Open-end mutual funds		$	23,575			$	19,959			$	3,616				18	%
Closed-end funds			5,506				5,081				425				8
Total investment companies			29,081				25,040				4,041				16
Separate Accounts
Institutional accounts			6,179				5,047				1,132				22
Managed accounts			2,701				2,876				(175	)			(6	)
Total separate accounts			8,880				7,923				957				12
Ending assets under management		$	37,961			$	32,963			$	4,998				15	%

		At March 31,								Change
		2011				2010				Amount				Percent
Assets by Strategy
Equity		$	14,317			$	11,940			$	2,377				20	%
Convertible			7,652				7,275				377				5
Low-volatility Equity			7,533				6,181				1,352				22
Enhanced Fixed Income			3,083				2,793				290				10
Total Return			2,423				2,288				135				6
Alternative			2,391				1,952				439				23
High Yield			358				328				30				9
Fixed Income			204				206				(2	)			1
Ending assets under management		$	37,961			$	32,963			$	4,998				15	%

Table A
Calamos Asset Management, Inc
Non-operating Income, Net of Non-controlling Interest in Partnership Investments
(in thousands)
(Unaudited)

		Three Months Ended
		March 31,
		2011				2010
Interest income		$	69			$	106
Interest expense			(1,964	)			(1,950	)
Net interest expense			(1,895	)			(1,844	)
Investment income (loss)			(1,664	)			8,602
Miscellaneous other income			37				151
Investment and other income (loss)			(1,627	)			8,753
Non-operating income (loss)			(3,522	)			6,909
Net income attributable to non-controlling interest in partnership investments			(5	)			(7	)
Non-operating income (loss), net of non-controlling interest in partnership investments		$	(3,527	)		$	6,902

Table B
Calamos Holdings LLC
Summary of Investment Portfolio Returns
(in thousands)
(Unaudited)

		Three Months Ended
		March 31,
		2011				2010
Returns reflected in earnings:
Investment income (loss)		$	(1,664	)		$	8,602
Net income attributable to non-controlling interest in partnership investments			(5	)			(7	)
Returns reflected in equity:
Net unrealized income (loss) reported in accumulated other comprehensive income			13,879				(3,330	)
Total investment portfolio returns		$	12,210			$	5,265
Average investment securities owned		$	362,757			$	259,261
Total portfolio return			3.4	%			2.0	%

Table C
Calamos Asset Management, Inc.
Effective Income Tax Rate
(in thousands)
(Unaudited)

		Three Months Ended
		March 31,
		2011				2010
Income tax provision		$	2,907			$	3,222
Income tax provision attributable to non-controlling interest in Calamos Holdings LLC			(153	)			(321	)
Income tax provision attributable to CAM			2,754				2,901
Net income attributable to CAM			4,632				4,811
Income before taxes attributable to CAM		$	7,386			$	7,712
CAM’s effective income tax rate			37.3	%			37.6	%

Table D
Lipper Rankings as of 3/31/11⁵

					1 Year													3 Years													5 Years
					%				Absolute				# of					%				Absolute				# of					%				Absolute				# of
Calamos Fund		Lipper Category			Rank				Rank				Funds					Rank				Rank				Funds					Rank				Rank				Funds
Calamos Growth		MultiCap Growth				22				98				458					57				219				389					63				201				319
Calamos Blue Chip		Large Cap Growth				28				217				799					43				300				704					37				228				621
Calamos Growth & Income		Flexible Portfolio				15				24				165					12				14				126					34				28				83
Calamos Discovery Growth		Small-Cap Growth Funds				—				—				—					—				—				—					—				—				—
Calamos Value		Large Cap Core				99				1067				1082					81				765				944					83				653				793
Calamos Global Equity		Global MultiCap Growth				7				9				133					16				13				83					—				—				—
Calamos Global Growth & Income		Global Flexible Portfolio				10				20				217					20				23				117					34				24				70
Calamos International Growth		International MultiCap Growth				8				15				190					6				8				135					8				7				90
Calamos Evolving World Growth		Emerging Markets				10				37				396					—				—				—									—
Calamos Convertible		Convertible				86				54				62					45				24				53					47				21				44
Calamos High Yield		High Current Yield				94				450				481					86				367				426					83				296				356
Calamos Total Return Bond		Intermediate Inv Grade Debt				58				332				572					41				196				485					—				—				—
Calamos Market Neutral Income		Equity Market Neutral				33				26				78					13				7				53					23				8				35
					10 Years													15 Years													Since Inception
					%				Absolute				# of					%				Absolute				# of					%				Absolute				# of
Calamos Fund		Lipper Category			Rank				Rank				Funds					Rank				Rank				Funds					Rank				Rank				Funds
Calamos Growth		MultiCap Growth				12				26				220					2				1				84					17				81				498
Calamos Blue Chip		Large Cap Growth				—				—				—					—				—				—					49				422				869
Calamos Growth & Income		Flexible Portfolio				15				6				41					8				2				26					15				32				225
Calamos Discovery Growth		Small-Cap Growth Funds				—				—				—					—				—				—					3				14				544
Calamos Value		Large Cap Core				—				—				—					—				—				—					62				697				1126
Calamos Global Equity		Global MultiCap Growth				—				—				—					—				—				—					58				95				165
Calamos Global Growth & Income		Global Flexible Portfolio				53				25				47					—				—				—					46				136				297
Calamos International Growth		International MultiCap Growth				—				—				—					—				—				—					30				62				211
Calamos Evolving World Growth		Emerging Markets				—				—				—					—				—				—					45				217				491
Calamos Convertible		Convertible				45				17				37					15				3				20					34				25				74
Calamos High Yield		High Current Yield				36				83				236					—				—				—					59				310				530
Calamos Total Return Bond		Intermediate Inv Grade Debt				—				—				—					—				—				—					15				85				603
Calamos Market Neutral Income		Equity Market Neutral				20				3				14					25				1				3					22				23				108

Table E
Morningstar Rankings as of 3/31/11^{6 and 7}

													YTD													1 Year													3 Years
													1/1/2011-													4/1/2010-													4/1/2008-
													3/31/2011													3/31/2011													3/31/2011
								#													#													#													#
				Morningstar				ranked					Peer				Peer				ranked					Peer				Peer				ranked					Peer				Peer				ranked
Group/				Overall				in peer					group				group				in peer					group				group				in peer					group				group				in peer
Investment		Category		Rating				group					%				rank				group					%				rank				group					%				rank				group
Calamos Growth A		Large Growth		3 Stars					1,505					16				271				1,763					7				112				1,693					39				590				1,498
Calamos Growth & Income A		Aggressive Allocation		5 Stars					226					8				19				246					10				24				244					1				2				226
Calamos Blue Chip A		Large Growth		3 Stars					1,505					30				528				1,763					32				534				1,693					46				684				1,498
Calamos Value A		Large Blend		2 Stars					1,757					92				1,933				2,084					99				1,955				1,973					82				1,433				1,747
Calamos Discovery Growth A		Small Growth			N/A				N/A					1				1				797					—				—				—					—				—				—
Calamos Global Growth & Income A		World Allocation		3 Stars					201					12				46				406					10				33				325					14				29				201
Calamos Global Equity A		World Stock		4 Stars					660					8				73				993					4				33				897					7				44				662
Calamos International Growth A		Foreign Large Growth		4 Stars					207					1				2				253					6				15				244					4				8				203
Calamos Evolving World Growth A		Diversified Emerging Markets			N/A				N/A					4				16				461					8				29				390					—				—				—
Calamos Convertible A		Convertibles		4 Stars					63					58				48				82					87				63				72					47				30				63
Calamos High Yield A		High Yield Bond		2 Stars					506					64				388				604					93				528				564					86				439				506
Calamos Total Return Bond A		Intermediate Term Bond		3 Stars					1,021					31				385				1,241					56				643				1,152					40				404				1,018
Calamos Market Neutral Income A		Long-Short		4 Stars					108					42				148				349					47				112				238					21				24				111

Table E Continued ^{6 and 7}

					5 Years													10 Years													15 Years
					4/1/2006-													4/1/2001-													4/1/1996-
					3/31/2011													3/31/2011													3/31/2011													Since Inception
													#													#													#													#
					Peer				Peer				ranked					Peer				Peer				ranked					Peer				Peer				ranked					Peer				Peer				ranked
Group/					group				group				in peer					group				group				in peer					group				group				in peer					group				group				in peer				SI
Investment		Category			%				rank				group					%				rank				group					%				rank				group					%				rank				group				Date
Calamos Growth A		Large Growth				54				707				1,306					4				28				814					1				1				308					1				1				131				9/90
Calamos Growth & Income A		Aggressive Allocation				7				13				182					3				3				69					1				1				26					1				1				8				9/88
Calamos Blue Chip A		Large Growth				36				472				1,306					—				—				—					—				—				—					44				476				1,075				12/03
Calamos Value A		Large Blend				82				1,207				1,463					—				—				—					—				—				—					38				340				900				1/02
Calamos Discovery Growth A		Small Growth				—				—				—					—				—				—					—				—				—					4				26				768				6/10
Calamos Global Growth & Income A		World Allocation				37				51				136					40				30				73					—				—				—					35				12				33				9/96
Calamos Global Equity A		World Stock				—				—				—					—				—				—					—				—				—					4				23				568				3/07
Calamos International Growth A		Foreign Large Growth				4				7				163					—				—				—					—				—				—					5				7				134				3/05
Calamos Evolving World Growth A		Diversified Emerging Markets				—				—				—					—				—				—					—				—				—					5				16				309				8/08
Calamos Convertible A		Convertibles				44				24				53					46				20				42					8				3				26					1				1				7				6/85
Calamos High Yield A		High Yield Bond				84				361				430					35				100				288					—				—				—					20				49				248				8/99
Calamos Total Return Bond A		Intermediate Term Bond				—				—				—					—				—				—					—				—				—					23				222				957				6/07
Calamos Market Neutral Income A		Long-Short				19				11				56					37				8				20					17				2				7					1				1				5				9/90

Table F
eVestment Alliance Rankings as of 3/31/11⁸

																																												Since
Calamos		eVestment		YTD								1 Year								3 Year								5 Year								10 Year								Inception
Institutional		Alliance		%				# of				%				# of				%				# of				%				# of				%				# of				%				# of				SI
Strategies		Category		Rank				Strat				Rank				Strat				Rank				Strat				Rank				Strat				Rank				Strat				Rank				Strat				Date
Growth		US All Cap Growth Equity			45				77				28				77				53				74				67				67				24				43				1				10				1/91
Large Cap Growth		US Large Cap Growth Equity			27				318				29				318				33				309				26				291				—				—				30				274				1/04
Mid Cap Growth		US Mid Cap Growth Equity			15				138				7				138				23				137				50				129				—				—				50				104				2/03
US Opportunities		US Large Cap Growth Equity			40				318				48				318				7				309				10				291				1				221				4				27				1/89
Small-Mid Cap Growth Strategy		US Small-Mid Cap Growth Equity			2				85				—				—				—				—				—				—				—				—				14				89				8/10
Value		US All Cap Value Equity			92				117				100				116				81				112				77				102				—				—				91				68				1/02
Global Growth		Global All Cap Growth Equity			5				44				7				43				4				29				—				—				—				—				13				25				4/07
Global Opportunities		Global All Cap Growth Equity			23				44				43				43				11				29				15				21				33				13				1				5				10/96
International Growth		ACWI ex-US All Cap Growth Equity			5				21				5				21				1				19				1				13				—				—				1				14				4/05
Emerging Economies		Emerging Markets Equity			2				153				8				153				—				—				—				—				—				—				90				179				12/08
Convertible		US Convertibles			16				27				50				27				66				25				67				25				56				19				1				1				10/79
Global Convertibles		US Convertibles			66				27				70				27				79				25				37				25				—				—				27				23				10/01
High Yield		US High Yield Fixed Income			61				104				80				104				78				101				76				95				30				75				25				75				11/99

Table G
Fund Performance
Class A Shares Average Annual Total Returns as of 3/31/11^{9 and 10}

																														A SHARE
		NASDAQ				YTD				1-Year				3-Year				5-Year				10-Year				SI				INCEPTION
FUND NAME		SYMBOL				NAV				NAV				NAV				NAV				NAV				NAV				DATE
Growth		CVGRX					6.99	%			24.42	%			4.26	%			2.83	%			6.60	%			14.50	%			9/4/90
Russell Midcap Growth Index							7.85	%			26.60	%			7.63	%			4.93	%			6.94	%			10.76	%
Growth and Income		CVTRX					5.76				16.59				7.32				4.98				7.42				12.18				9/22/88
S&P 500 Index							5.92				15.65				2.35				2.62				3.29				9.73
Value		CVAAX					3.57				4.85				0.36				0.70				—				3.74				1/2/02
Russell 1000 Value Index							6.46				15.15				0.60				1.38				—				4.88
Blue Chip		CBCAX					6.18				18.27				3.82				3.68				—				5.23				12/1/03
S&P 500 Index							5.92				15.65				2.35				2.62				—				5.06
Discovery Growth		CADGX					15.41				—				—				—				—				47.66	*			6/1/10
Russell 2500 Growth							9.83				—				—				—				—				34.83
Global Growth and Income		CVLOX					4.65				16.45				5.13				5.24				7.22				9.53				9/9/96
MSCI World Index (USD)							4.91				14.03				0.34				2.64				4.73				6.14
International Growth		CIGRX					6.25				23.94				4.47				6.95				—				10.64				3/16/05
MSCI EAFE Growth Index							2.30				12.88				-2.16				2.50				—				5.37
Global Equity		CAGEX					6.86				25.29				7.17				—				—				7.87				3/1/07
MSCI World Index (USD)							4.91				14.03				0.34				—				—				0.16
Evolving World Growth		CNWGX					4.41				23.02				—				—				—				13.65				8/15/08
MSCI Emerging Markets Index							2.10				18.78				—				—				—				9.95