CTAG provides targeted exposure to the small- and mid-cap growth segment. Security selection combines fundamental research with the Timpani fundamental momentum process to find businesses with strong management, attractive business models, fast and sustainable growth, and improving earnings expectations. The fund defines growth using measures such as projected and historical earnings, sales, cash-flow and book-value growth, as well as inclusion in third-party growth indexes. The strategy aims to identify companies where fundamentals are strengthening ahead of broader market recognition while avoiding excessive valuations. Sector exposure can shift based on where the team sees the best growth opportunities. Up to 25% of assets may be allocated to foreign companies via ADRs. Positions are sold when fundamentals deteriorate and the investment thesis weakens.

Dave Inc.

Guardant Health, Inc.

Xometry, Inc.

Marex Group Limited

Chime Financial, Inc. Class A Common Stock

Medpace Holdings, Inc.

Appian Corporation

Ligand Pharmaceuticals Incorporated

Hinge Health, Inc.

e.l.f. Beauty, Inc.

Technology

Healthcare

Industrials

Financial Services

Consumer Cyclical

Cash & Others

Consumer Defensive

Basic Materials

Energy

Calamos Timpani Active SMID Growth ETF

CTAG Holdings & Sector Breakdown